Stocks in news: IDBI, Rel Infra, Bata, Neyveli, JK Lakshmi

Accelya Kale Q2-Consolidated net profit up 16.3 percent at Rs 16.4 crore versus Rs 14.1 crore (QoQ)-Consolidated total income up 6.4 percent at Rs 80.1 crore versus Rs 75.3 crore (QoQ)

Magma Fincorp Q2-Net profit up 15 percent at Rs 48.7 crore (YoY)-Total income up 7 percent at Rs 620 crore (YoY)-Net interest margin up 96 bps at 6.83 percent (YoY)

KSB Pumps Q2-Net profit down 6.1 percent at Rs 16.8 crore versus Rs 17.9 crore (YoY)-Total income down 6.6 percent at Rs 185.8 crore versus Rs 199 crore (YoY)

TVS Electronics Q2-Net profit up 33.3 percent at Rs 1.2 crore versus Rs 0.9 crore (YoY)-Total income at Rs 192.5 crore versus Rs 69.7 crore (YoY)

Cognizant Q3-Revenue at USD 3.19 billion versus USD 3.09 billion (QoQ)Alert: Cognizant beats Q3 CY2015 revenue guidance of USD 3.14 billion-Net income at USD 397.2 million versus USD 420.1 million (QoQ)-Non-GAAP operating margin at 19.4 percent versus 20.2 percent (QoQ)-Non-GAAP EPS at USD 0.76, GAAP EPS at USD 0.65-GAAP operating margin at 17 percent

Cognizant raises CY15 revenue & EPS guidanceCognizant says-See Q4 2015 revenue at least USD 3.23 billion-See CY2015 revenue up at least 21 percent at USD 12.41 billionAlert: Cognizant had earlier set CY2015 revenue guidance at USD 12.33 billion-Q4 2015 Non-GAAP diluted EPS expected to be at least USD 0.77-CY2015 non-GAAP diluted EPS expected to be at least USD 3.03

Cognizant CEO Francisco D'Souza on CNBC-TV18:-Q3 has been a very strong quarter overall-Winning in the digital space because of investments company made-Demand environment is strong, will continue to perform well-Winning in the tech transformation towards digital-Second area of heavy investment is consulting-Will continue to look at M&A opportunities-Always aim to keep non-GAAP margins in 19-20 percent range-Core utilisation rate has gone up-Made a conscious effort to hike utilisation, room for further increase

Neyveli Lignite Q2-Net profit up 32.4 percent at Rs 343.4 crore versus Rs 259.4 crore (YoY)-Total income up 22.3 percent at Rs 1,715.9 crore versus Rs 1,402.5 crore

Honda Siel Power Q2-Net profit up 87 percent at Rs 8.6 crore versus Rs 4.6 crore (YoY)-Total income up 16.2 percent at Rs 149.9 crore versus Rs 129 crore (YoY)

JK Lakshmi Cement Q2-Net loss at Rs 14.9 crore versus profit of Rs 30.6 crore (YoY)-Total income up 12.8 percent at Rs 645.7 crore versus Rs 572.6 crore (YoY)-Finance costs at Rs 47.8 crore versus Rs 21.8 crore (YoY)

Vaibhav Global Q2-Consolidated net profit down 51.4 percent at Rs 12.1 crore versus Rs 24.9 crore (YoY)-Consolidated total income down 6.8 percent at Rs 302.5 crore versus Rs 324.5 crore (YoY)

Garden Silk Q2-Consolidated net loss at Rs 67.9 crore versus loss of Rs 31.1 crore (YoY)-Consolidated total income down 13.6 percent at Rs 611.7 crore versus Rs 707.7 crore (YoY)

Shriram EPC Q2-Net loss at Rs 17.4 crore versus loss of Rs 70.5 crore (YoY)-Total income down 13.3 percent at Rs 103.4 crore versus Rs 119.2 crore (YoY)

Bank Of Maharashtra Q2-Net profit at Rs 72 crore versus Rs 163 crore (YoY)-NII down 2.3 percent at Rs 969 crore versus Rs 992 crore (YoY)-Gross NPAs at 7.98 percent versus 7.86 percent (QoQ)-Net NPAs at 5.59 percent versus 5.04 percent (QoQ)-Provisions at Rs 419 crore versus Rs 483.9 crore (QoQ), versus Rs 293.4 crore (YoY)-Gross NPAs at Rs 7,986.3 crore versus Rs 7,574.9 crore (QoQ)-Net NPAs at Rs 5,442.5 crore versus Rs 4,708 crore (QoQ)

Styrolution ABS Q2-Net profit at Rs 9.3 crore versus Rs 8.2 crore (YoY)-Total income at Rs 287.3 crore versus Rs 274.6 crore (YoY)

Minda Corporation Q2-Consolidated net profit at Rs 29 crore versus Rs 18.6 crore (YoY)-Consolidated total income at Rs 616.2 crore versus Rs 484.6 crore (YoY)

Ratnamani Metals Q2-Net profit at Rs 32.4 crore versus Rs 49.2 crore (YoY)-Total income at Rs 408.4 crore versus Rs 441 crore (YoY)

Bata India Q2-Net profit up 38.5 percent at Rs 54 crore versus Rs 39 crore (YoY)-Total income up 5.2 percent at Rs 575.3 crore versus Rs 547.1 crore (YoY)-EBITDA down 22.2 percent at Rs 49 crore versus Rs 63 crore (YoY)-EBITDA margin at 8.5 percent versus 11.5 percent (YoY)-Exceptional gain at Rs 31.7 crore

Chennai Petroleum Q2-Net loss at Rs 452.4 crore versus loss of Rs 233.1 crore (YoY)-Total income down 43.6 percent at Rs 5,982.4 crore versus Rs 10,616.3 crore (YoY)-Average gross refining margin at USD 5.99/barrel

PNC Infra Q2-Consolidated net profit down 18.3 percent at Rs 17.8 crore versus Rs 21.8 crore (YoY)-Consolidated total income up 38.5 percent at Rs 556.7 crore versus Rs 402 crore (YoY)

Ashok Leyland Q2-Net profit at Rs 286.8 crore versus Rs 120.7 crore (YoY)-Total income at Rs 4,939.7 crore versus Rs 3,217.7 crore (YoY)-EBITDA at Rs 594 crore versus Rs 229 crore (YoY)-EBITDA margin at 12 percent versus 7.1 percent (YoY)-Exceptional loss at Rs 5 crore versus gain of Rs 109 crore (YoY)

Pricol Q2-Net profit at Rs 2.8 crore versus Rs 9.6 crore (YoY)-Total income at Rs 245.5 crore versus Rs 237.5 crore (YoY)

Jai Corp Q2-Net profit at Rs 14.8 crore versus Rs 14.7 crore (YoY)-Total income at Rs 157.7 crore versus Rs 172.2 crore (YoY)

Voltamp Transformers Q2-Net profit at Rs 6.8 crore versus Rs 4.9 crore (YoY)-Total income at Rs 132.7 crore versus Rs 134.5 crore (YoY)

Amit Kalyani, Executive Director, Bharat Forge says-Kalyani Group looking at supplying subsystems to Indian Navy & Airforce-Made a lot of progress in Kalyani’s Howitzer development programme-Have successfully completed firing test of a Howitzer-To shortly conduct high altitude & long range testing for Howitzer-Will be a prime contender for defence min's artillery programme-Have developed 155 mm, 105 mm artillery guns-JV with Rafael Israel will start production from 2016-Looking at acquiring small companies in defence sector-See strong demand in CV segment in India-Will be close to neutral in US commercial vehicle segment next year

Reliance Communications says-Next 6-9 months will see definitive deleveraging opportunities-MTS will help significantly expand data footprint-Will use MTS spectrum & capabilities to expand across the board-Not looking at a complete stake sale in GCX's erstwhile Globalcom business-Will partially sell stake in GCX-Do not required urgent capital as of now-Identified many ways of deleveraging balance sheet

Bank Of Baroda-Cuts interest rates on some domestic & NRO bulk deposits w.e.f November 5-Cuts interest rates on some term deposits by up to 60 bps

IDBI Bank to raise Rs 2,800 crore equity capital via QIPIDBI Bank says-There is no firm plan for QIP, it is only one of the options-Have kept all our options open for raising funds-Board has given in-principle nod to raise Rs 2,800 crore-Have not heard from government on any planned reduction of its stake-Refinanced 3 accounts via 5:25 scheme-3-4 more cases of power & steel sector are in the process under 5:25 scheme

Reliance Infrastructure to shift focus to defence now-Gets board nod to exit road and cement businesses

Other stocks and sectors that are in news today:-IDBI Bank may be merged with private lender: ET-Standard Chartered Plc may sell Essar group’s global loans worth USD 3.5 billion-Zensar Technologies to use Apax Partners’ help to acquire and consolidate: BS-Reliance Communications to invest Rs 523 crore to expand data centres