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Last Updated : Nov 05, 2015 10:36 AM IST | Source: CNBC-TV18

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

IDBI Bank | Reliance Infrastructure | Reliance Communications | Cipla | Zensar Technologies | Chennai Petroleum | Ashok Leyland | Bata India | Minda Corporation | Bank Of Maharashtra | Neyveli Lignite | Honda Siel Power | JK Lakshmi Cement | TVS Electronics | Fortis Healthcare and Vardhman Textiles are stocks, which are in the news today.

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Todays L/H

Here are stocks that are in news today:

Results today: Cipla, Tata Steel, Tata Global Beverages, Jubilant FoodWorks, Cummins India, Arvind, Oracle Financial Services Software, Aban Offshore, Gujarat Gas, Bajaj Electricals, Aarti Ind, Alembic, Allcargo Logistics, Castrol India, Future Retail, ICRA, Kalpataru Power Transmission, Majesco, Manappuram Finance, Manpasand Beverages, Ricoh India, Snowman Logistics, Talwalkars Better Value Fitness, Trent, SJVN, Kolte-Patil, JBF Industries, JBM Auto, ITD Cementation India, Dalmia Bharat, Clariant Chemicals, Caplin Point, Allsec Tech, Amrutanjan Health Care, Astral Poly Technik, Automotive Axles, BSL LTD, Deepak Fertilizers, Dhanuka Agritech, EIH, Electrotherm (India), Esab India, FAG Bearings, Garware Wall Ropes, Hindustan Oil Exploration, Igarashi Motors, Ingersoll Rand, JK Paper, Kalindee Rail Nirman, Kaya, KEI Ind, Kirloskar Electric, Kothari Petrochemical, LML, Mawana Sugars, NDTV, Orient Green, Patel Engineering, RSWM, Rupa & Company, Sangam (India), Shreyas Shipping, Siyaram Silk Mills, Sona Koyo, Sundaram Clayton, Sunil Hitech, Wanbury, Wheels India, Zicom Electronic

Fortis Healthcare Q2
-Consolidated net profit at Rs 34 crore versus loss of Rs 58.1 crore (YoY)
-Consolidated total income at Rs 1,097 crore versus Rs 1,031.2 crore (YoY)
-Consolidated EBITDA at Rs 71 crore versus Rs 14 crore (YoY)
-Consolidated EBITDA margin at 6.5 percent versus 1.3 percent (YoY)


Vardhman Textiles Q2
-Consolidated net profit at Rs 125.7 crore versus Rs 99.5 crore (YoY)
-Consolidated total income at Rs 1,647.3 crore versus Rs 1,749.7 crore (YoY)

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 guidance
Cognizant says
-See Q4 2015 revenue at least USD 3.23 billion
-See CY2015 revenue up at least 21 percent at USD 12.41 billion
Alert: 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 QIP
IDBI 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

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First Published on Nov 5, 2015 08:23 am
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