Wockhardt says -Hope to complete sale of nutrition operations by March -Not planning any further disinvestment
Pawan Munjal says ( Hero MotoCorp ) -Launched a new 150 cc bike, Impulse -Will set up 2 new manufacturing plants in India -Will enter some African markets jointly with Honda -Will announce tech tie-up with European firms shortly -2-wheeler market in India still has huge potential -Hero MotoCorp plans to invest USD 1 billion over the next five years to generate a turnover of USD 10 billion (ET)
GMR Infra Q1 -Consolidated net loss at Rs 66.7 crore versus profit of Rs 28 crore -Consolidated net sales at Rs 1,864 crore versus Rs 1,231 crore
Other stocks and sectors that are in news today: -Tree House Education & Accessories IPO of 84 lakh shares with a price band of Rs 135-153/sh opens today -Mahindra Satyam plans to wind down its American depository share programme in 2012 on the back of inability to file the annual report post September 2008 -Telecom Dept shelves plan to sell the govt's 30% stake in Bharti Hexacom a subsidiary of Bharti Airtel (ET) -Oil Ministry informs CAG on its disagreement with RIL over the company's view of how govt approves decision of a panel which governs oil & gas fields (ET) -NMDC to double its ore output from its Karnataka mines to meet local demand after the company gets a nod to restart operations in southern state (ET) -Prajay Engineers Syndicate ropes in Middle East Investors to invest Rs 154 crore in its current project -Reliance Power plans to set up a 200 mw wind power plant in Maharashtra with an investment of around Rs 1500 crore (DNA) -RIL raises USD 1 billion loan from the international market & also in talks with US Exim bank to part fund its USD 12 billion Jamnagar phase 3 expansion project (TOI) -DLF set to exiting both phases of SEZ Pune a JV with Ackruti city to raise liquidity by selling its non-core assets (HT) -Ex Dividend: BHEL Rs 17.90/share -F&O Ban: Deccan Chronicle, Gitanjali Gems, Suzlon
Mahindra Satyam Q1 (cr - crore, vs - versus) -Revenues up 4.3% at Rs 1434 cr vs Rs 1375.3 cr -EBITDA at Rs 210 cr vs Rs 178.3 cr -EBITDA at 14.65% vs 13% -PAT at Rs 225.2 cr vs loss of Rs 327 cr -Adjusted PAT at Rs 225.2 cr vs Rs 245 cr (Q4 exceptional loss of Rs 571.5 crore due to settlement of class action law suit)
Wockhardt Q1FY12 YoY -Revenues up 14.3% to Rs 1053.2 cr vs Rs 922 cr -EBITDA up 72% to Rs 311 cr vs Rs 181 cr -OPM at 30% vs 19.7% -PAT Rs 194 cr vs loss of Rs 116 cr (exceptional outflow of Rs 215 cr) -No exceptional accounted for in the numbers
ABB Q2CY11 YoY -Net sales up 17% at Rs 1693 cr vs Rs 1447 cr -PAT up 1% at Rs 39cr vs Rs 38 cr -EBITDA up 52% at Rs 76 cr vs Rs 50 cr -OPM at 4.49% vs 3.46% -Raw material costs up 28% at Rs 1239 cr -Employee costs up 19% at Rs 147 cr -Depreciation up 1.17 times at Rs 26 cr -Interest costs up 60% at Rs 7 cr
Tata Comm Q1FY12 Consolidated -Revenue up 13% at Rs 3257 cr vs Rs 2885 cr -Net loss at Rs 218 cr vs loss of Rs 281 cr -Total Expenditure up 11% at Rs 3351 cr vs Rs 3008 cr -EBITDA up 25% at Rs 326 cr vs Rs 260 cr -EBITDA Margin at 10% vs 9%
