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Stocks in the news: Wipro, Adani Ports, LIC Housing, Nucleus, Visa Steel, Vascon

Wipro | Adani Ports | ONGC | LIC Housing Finance | Nucleus Software | M&M Financial | ICICI Prudential | Kewal Kiran Clothing | IDFC Bank | Swaraj Engines | Suzlon | Mercator | VA Tech Wabag | Vascon Engineers and Visa Steel are stocks, which are in the news today.

April 26, 2017 / 09:52 AM IST

Here are stocks that are in news today:

Results today: Axis Bank, Sterlite Technologies, KPIT Technologies, GIC Housing, Lakshmi Vilas Bank, Tata Sponge, KSB Pumps, Supreme Petrochem, Foseco India, LKP Finance, LKP Securities, Dhruv Estates, Gujarat Bitumen, Suraj, Sadhana Nitrochem

Wipro Q4

-IT services revenue up 1.6 percent at Rs 13,402 crore versus Rs 13,196.1 crore (QoQ)

-IT services EBIT up 4.6 percent at Rs 2,526.9 crore versus Rs 2,415.5 crore (QoQ)

Close

-IT services EBIT margin at 18.85 percent versus 18.30 percent (QoQ)

-IT services USD revenue up 2.7 percent at USD 1,954.6 million versus USD 1902.8 million (QoQ)

-Consolidated net profit up 7.2 percent at Rs 2,267 crore versus Rs 2,114.8 crore (QoQ)

-Constant currency IT services growth at 1.7 percent (QoQ)

-Revenue from existing customers at 96 percent versus 97.6 percent (QoQ)

-Gross utilisation at 73.1 percent versus 71.6 percent (QoQ)

Wipro guidance

-See Q1 IT services revenue growth at USD 1,915-1,955 million

Alert: Wipro Q1 guidance implies degrowth of 2 percent to 0 percent growth (QoQ)

Wipro says

-Approves bonus issue in the ratio of 1:1

-Reappoint Azim Premji as chairman for 2 years

-Added one USD 75 million, one USD 50 million & one USD 20 million customer in Q4

-Revalued estimates of revenue & earnings of healthplan services business

-Revaluation of healthplan services business aided margins by 70 bps

LIC Housing Finance Q4

-Net profit up 18.1 percent at Rs 529.2 crore versus Rs 448 crore (YoY)

-NII up 24.5 percent at Rs 1,073 crore versus Rs 862.1 crore (YoY)

-Provisions at Rs 89.3 crore versus Rs 37.6 crore (YoY); Rs 45.3 crore (QoQ)

-Gross NPA at 0.43 percent versus 0.45 percent (QoQ)

-Net NPA at 0.14 percent versus 0.22 percent (QoQ)

-Loan disbursement up 15 percent (YoY)

Persistent Systems Q4

-Consolidated net profit down 11 percent at Rs 72.7 crore versus Rs 81.8 crore (QoQ)

-Consolidated revenue down 2.5 percent at Rs 727.1 crore versus Rs 745.5 crore (QoQ)

-Consolidated EBITDA up 9.8 percent at Rs 130.2 crore versus Rs 118.6 crore (QoQ)

-Consolidated EBITDA margin at 17.9 percent versus 15.9 percent (QoQ)

Nucleus Software Q4

-Consolidated net profit up 40.3 percent at Rs 22.3 crore versus Rs 15.9 crore (QoQ)

-Consolidated total income up 0.6 percent at Rs 93.7 crore versus Rs 93.1 crore (QoQ)

-Consolidated EBIT up 15.3 percent at Rs 12.8 crore versus Rs 11.1 crore (QoQ)

-Consolidated EBIT margin at 13.7 percent versus 11.9 percent (QoQ)

-Board approves buyback of up to Rs 117.79 crore at Rs 350/share

M&M Financial Q4

-Net profit down 32.4 percent at Rs 278.2 crore versus Rs 411.3 crore (QoQ)

-NII up 14.8 percent at Rs 1,320.7 crore versus Rs 1,150.7 crore (QoQ)

-Gross NPA at 9 percent versus 11.1 percent (QoQ)

-Net NPA at 3.6 percent versus 5.2 percent (QoQ)

-Loan provisions & write-off at Rs 378.3 crore versus Rs 442.1 crore (QoQ); versus Rs 116.6 crore (YoY)

ICICI Prudential Q4

-Net profit down 9.2 percent at Rs 408.2 crore versus Rs 449.8 crore (QoQ)

-First-year premium up 18.6 percent at Rs 2,111.3 crore versus Rs 1,780.9 crore (QoQ)

-Gross premium income up 31.9 percent at Rs 7579.5 crore versus Rs 5,746.1 crore (QoQ)

-Claims paid up 63.5 percent at Rs 4,902 crore versus Rs 2,997.7 crore (QoQ)

Kewal Kiran Clothing Q4

-Net profit up 55.5 percent at Rs 33.9 crore versus Rs 21.8 crore (YoY)

-Total income up 2.8 percent at Rs 130.3 crore versus Rs 126.7 crore (YoY)

-EBITDA down 6.2 percent at Rs 32 crore versus Rs 34.1 crore (YoY)

-EBITDA margin at 24.5 percent versus 26.9 percent (YoY)

-Other income at Rs 15.9 crore versus Rs 1.7 crore (YoY)

Swaraj Engines Q4

-Net profit up 29.7 percent at Rs 15.3 crore versus Rs 11.8 crore (YoY)

-Total income up 41.1 percent at Rs 160.8 crore versus Rs 114 crore (YoY)

-EBITDA up 50.6 percent at Rs 24.1 crore versus Rs 16 crore (YoY)

-EBITDA margin at 15 percent versus 14 percent (YoY)

IDFC Bank Q4

-Net profit up 6.6 percent at Rs 176 crore versus Rs 165.1 crore (YoY)

-NII up 20.5 percent at Rs 502.1 crore versus Rs 416.8 crore (YoY)

-Gross NPA at 2.99 percent versus 7.03 percent (QoQ)

-Net NPA at 1.14 percent versus 2.57 percent (QoQ)

-Provisions at Rs 4.8 crore versus Rs 231.8 crore (QoQ); versus Rs 11.9 crore (YoY)

-Funded credit up 36 percent at Rs 66,567 crore as on March 31

-Total credit up 58 percent at Rs 85,172 crore as on March 31

Zensar Q4

-Consolidated net profit down 86.6 percent at Rs 10.7 crore versus Rs 80.1 crore (QoQ)

-Consolidated rupee revenue down 5.5 percent at Rs 743.8 crore versus Rs 878.7 crore (QoQ)

-Consolidated USD revenue down 4.9 percent at USD 111.8 million versus USD 117.5 million (QoQ)

-Consolidated EBITDA at Rs 59 crore versus Rs 109.7 crore (QoQ)

-Consolidated EBITDA margin at 7.9 percent versus 13.9 percent (QoQ)

Suzlon Energy

-Allotment of 1,67,50,807 equity shares to FCCB holders

-CARE assigns A1+ rating for commercial paper issue of Rs 50 crore

US FDA observations: Divi's Labs warning letter

-Failure to ensure procedure apt for API to conform to standards of quality

-Failure to prevent unauthorised access or changes to data

-Failed to provide adequate controls to prevent manipulation, omission of data

-Company limited access to or copying of records entitled to inspection

Alert: US FDA issued warning letter to Divi's Labs' Vizag Unit-II on April 22

Remediation plan: Divi's Vizag unit-II

-Assessment of the extent of data integrity deficiencies at the unit

-Interviews of current & former employees, by a third party

Other stocks and sectors that are in news today:

-Alkem Labs gets US FDA nod for Olmesartan Medoxomil tablets

-Aurobindo Pharma gets US FDA nod for Olmesartan Medoxomil tablets (used to treat hypertension)

-M&M's Mauritian arm acquires 100 percent stake in Mahindra Automotive North America

-Indian Hotels says Shapoor Mistry resigns as a director with immediate effect

-Adani Ports signs JV with France's CMA CGM to operate container terminal at Mundra Port

-Mercator commenced drilling of a new exploratory well in Cambay Basin Gujarat

-VA Tech Wabag says liquidation of wholly owned Spain subsidiary

-Transpek Industry: Crisil upgrades rating to FA/stable from FA-/stable

-Rajkumar Forge: Ind-Ra assigns A -(SO)/stable

-Satin Creditcare: CARE assigns A2, BBB+ to various debt instruments

-Veerhealth Care introduces Dantveer health toothpaste, starts manufacturing at Changodar facility

-Stocks in F&O ban: Adani Enterprises, Bank of India, HDIL, Indiabulls Real Estate, ICIL, Infibeam, Jindal Steel, Jaiprakash Associates, JSW Energy, Reliance Communications, TV18, Ujjivan

-Lodha group looks to buy up to 15 percent in Vascon Engineers at premium to current price: ET

-NTPC raises Rs 2,000 crore through Masala binds

-China's Baosteel grop to acquire 26 percent in Visa Steel: FE

-ONGC in focus as ONGC Videsh looking for risk sharing pact to drill hydrocarbon block at S China sea

-Usha Martin board sacks non-executive chairman Prashant Jhawar: Mint

-TCS sets May 8 as record date for share buyback

Disclosure: Reliance Industries owns TV18 Broadcast and Moneycontrol.com.
first published: Apr 26, 2017 08:26 am
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