Stocks in news: RIL, Lupin, Tata Motors, Zee, Persistent

TVS Motor says-Have gained market share in Q1-Growth of company better than the industry-Q2 growth will be better than the industry-Expect to have market share of 14.7 percent by FY16-end-2-wheeler exports grew 21 percent & 3-wheelers grew 28 percent in Q1

Nestle India Managing Director Etienne Benet steps down-Nestle India says Suresh Narayanan will be interim managing director

Lupin acquires German company Temmler's specialty product division-Lupin says Temmler's business has a strong strategic fit with company's hormosan business in Germany

Axis Bank says-Expect FY16 net interest margin to be above 3.5 percent-See additions to stressed assets to be lower than Rs 5,700 crore last fiscal-See full year credit costs at 80-90 bps-Hopeful that there is scope for further rate cuts down the line-Jaiprakash Associates has been meeting obligations with some delays-Essar Steel continues to meet its loan obligations-See 18-20 percent loan growth this fiscal

Axis Bank-Shareholders approve increase in borrowing limit up to Rs 1.50 lakh crore-Shareholders approve raising up to Rs 35,000 crore via debt instruments-Shareholders approve raising FII investment limit up to 74 percent

JMT Auto acquires Germany-based REGE Holding through its Singapore-based SPVJMT Auto says-Acquisition of REGE Holding funded at overseas subsidiary level

Coal & Power Minister Piyush Goyal says-Need for fast decision making & need to keep power affordable-CERC has acted as benchmark regulator in the country-Regulator has to act as a bridge between developers & consumers

IDFC executive Chairman Rajiv Lall says-Pleased to receive the banking license from RBI-This is an exciting phase in India’s economic growth-Fortunate to be launching IDFC Bank at such an opportune time-IDFC Bank well positioned to leverage emerging opportunities-IDFC Bank will launch this October as a universal bank-Will offer services to corporate, rural & urban customers across India

Bharati Shipyard-To consider changing company’s name to Bharti Defence & Infra on July 31-To consider issuing convertible warrants to the lender on July 31

Red FM Auction Case: Sun TV Network in focus-Delhi High Court allows Red FM to participate in phase III auction-Delhi High Court quashes government's July 15 decision denying security clearance to Red FM-Sources say government likely to challenge Delhi High Court's order in Supreme Court

Red FM says-Court accepts that company has no connection with the reasons for denial of security nod-Will continue with auction as per plans of bidding for more frequencies

Red FM auction case:-Ministry of Home Affairs (MHA) has cited Aircel-Maxis Case, ED charges on money laundering-300 phone line case for denying security clearance-No conviction in any of the cases-No chargesheet filed in phone line case, money laundering-Government actions tantamount to blacklisting, huge badge of dishonour-Principles of justice not followed, no hearing before passing of order-Dayanidhi Maran has no stake in Red FM, Kalanithi enjoys only 22 percent stake-FIR in Aircel-Maxis filed in 2011, securities clearance not red flagged till now

Red FM Auction Case: Arguments of government-MHA competent to take decision on issues of national security-Denial of security clearance not violative of any fundamental rights-Not declaring any party as a traitor

Reliance Industries (RIL) Q1-Standalone net profit at Rs 6,318 crore versus Rs 6,243 crore (QoQ)-Standalone total income at Rs 65,817 crore versus Rs 56,043 crore (QoQ)-Standalone EBITDA at Rs 9,307 crore versus Rs 8,629 crore (QoQ)-Standalone EBITDA margin at 14.1 percent versus 15.4 percent (QoQ)-Petchem EBIT at Rs 2,458 crore versus Rs 2,122 crore (QoQ)-Standalone petchem EBIT margin at 13 percent versus 11 percent (QoQ)-Refining EBIT at Rs 5,141 crore versus Rs 4,727 crore (QoQ)-Standalone refining EBIT margin 8.4 percent versus 9.7 percent (QoQ)-Oil & Gas EBIT at Rs 83 crore versus Rs 164 crore (QoQ)-Standalone oil & gas EBIT margin at 7 percent versus 13 percent (QoQ)-GRM USD 10.40/barrel versus USD 10.10/barrel (QoQ)Alert:  Reliance Industries Q1 GRM highest in last 6 years

RIL, chairman & MD Mukesh Ambani says-Q1 results show benefits of integrated hydrocarbon chain activities-Sharp demand hike for transportation fuels helped strong refining margins-Petchem biz recorded a strong quarterly performance-Committed to accelerating growth of operating EBITDA-In final lap of launch of Reliance Jio services

Reliance Industries says-Cash & cash equivalents as on June 30 at Rs 87,391 crore-GRMs boosted by strong gasoline croreacks & low energy costs-RIL Jamnagar refinery average utilisation at 107 percent in Q1-Commissioned 650 KTA PET resin plant at Dahej in April-Commissioned 1,150 KTA PTA plant at Dahej in April-Reliance Jio raised USD 750 million 12-year loan backed by Korea Trade Ins Corp in May-Reliance Holdings US signed pact to sell entire 49.9 percent stake in EFS Midstream in June

Lumax Industries Q1-Net profit at Rs 11.4 crore versus Rs 5 crore (YoY)-Total income up 15.6 percent at Rs 318 crore versus Rs 275 crore (YoY)

Parrys Sugar Q1-Net loss at Rs 33.8 crore versus loss of Rs 8.6 crore (YoY)-Total income up 1.3 percent at Rs 70.1 crore versus Rs 69.2 crore (YoY)

Deepak Nitrite Q1-Net profit up 37.1 percent at Rs 13.3 crore versus Rs 9.7 crore (YoY)-Total income up 4.2 percent at Rs 338.3 crore versus Rs 324.6 crore (YoY)

KSB Pumps Q1-Net profit down 1.3 percent at Rs 22.2 crore versus Rs 22.5 crore (YoY)-Total income up 0.4 percent at Rs 200.1 crore versus Rs 199.4 crore (YoY)

Bharat Bijlee Q1-Net loss at Rs 4.8 crore versus loss of Rs 11.2 crore (YoY)-Total income up 9.1 percent at Rs 131.8 crore versus Rs 120.8 crore (YoY)

Geojit BNP Paribas Q1-Net profit down 55.3 percent at Rs 10.5 crore versus Rs 23.5 crore (YoY)-Total income down 24.4 percent at Rs 60.9 crore versus Rs 80.6 crore (YoY)

Hitachi Home Q1-Net profit up 8.1 percent at Rs 46.5 crore versus Rs 43 crore (YoY)-Total income up 18.1 percent at Rs 708.8 crore versus Rs 600.3 crore (YoY)

State Bank of Bikaner and Jaipur (SBBJ) Q1-Net profit up 26.1 percent at Rs 270.6 crore versus Rs 214.6 crore (YoY)-NII up 9.3 percent at Rs 821 crore versus Rs 752 crore (YoY)-Gross NPA at 4.45 percent versus 4.14 percent (QoQ)-Net NPA at 2.36 percent versus 2.54 percent (QoQ)-Provisions at Rs 212.9 crore versus Rs 221 crore (QoQ), Rs 198.6 crore (YoY)-Capital adequacy ratio at 11.04 percent versus 11.57 percent (QoQ)

Agro Tech Foods Q1-Net profit down 13.2 percent at Rs 4.6 crore versus Rs 5.3 crore (YoY)-Total income up 1.3 percent at Rs 181.8 crore versus Rs 179.4 crore (YoY)

Kolte-Patil Q1-Consolidated net profit down 24.5 percent at Rs 14.5 crore versus Rs 19.2 crore (YoY)-Consolidated total income up 11.9 percent at Rs 175.6 crore versus Rs 156.9 crore (YoY)

Bharat Electronics (BEL) Q1-Net profit at Rs 60.7 crore versus Rs 25.6 crore (YoY)-Total income up 8.2 percent at Rs 1,095.3 crore versus Rs 1012.2 crore (YoY)-EBITDA loss at Rs 5 crore versus loss of Rs 45 crore (YoY)

Indian Overseas Bank Q1-Net profit at Rs 14.8 crore versus Rs 271.7 crore (YoY)-NII at Rs 1,328.9 crore versus Rs 1,426.8 crore (YoY)-Gross NPA at Rs 16,451.2 crore versus Rs 14,922.5 crore (QoQ)-Net NPA at Rs 10,640.4 crore versus Rs 9,813.3 crore (QoQ)-Gross NPA at 9.4 percent versus 8.33 percent (QoQ)-Net NPA at 6.31 percent versus 5.7 percent (QoQ)-Capital adequacy ratio at 9.75 percent versus 10.11 percent (QoQ)-Provisions at Rs 663.6 crore versus Rs 986.2 crore (QoQ); versus Rs 299.3 crore (YoY)-Provision coverage ratio at 50.79 percent as on June 30

Andhra Bank Q1-Net profit at Rs 202.5 crore versus Rs 107 crore (YoY)-NII at Rs 1,157.4 crore versus Rs 803.6 crore (YoY)-Gross NPA at Rs 7,237.6 crore versus Rs 6,876.5 crore (QoQ)-Net NPA at Rs 3,650.2 crore versus Rs 3,688.6 crore (QoQ)-Gross NPA at 5.75 percent versus 5.31 percent (QoQ)-Net NPA at 2.99 percent versus 2.93 percent (QoQ)-Capital adequacy ratio at 10.36 percent versus 10.63 percent (QoQ)-Provisions at Rs 503 crore versus Rs 633 crore (QoQ)-Provision coverage ratio at 61.3 percent as on June 30

Havells India Q1-Standalone net profit up 0.1 percent at Rs 107.4 crore versus Rs 107.3 crore (YoY)-Standalone total income down 0.8 percent at Rs 1,267.14 crore versus Rs 1,276.87 crore (YoY)-Standalone EBITDA down 2.4 percent at Rs 158 crore versus Rs 162 crore (YoY)-Standalone operating margin at 12.5 percent versus 12.7 percent (YoY)

Persistent Systems Q1-Consolidated net profit at Rs 67.2 crore versus Rs 68.8 crore (YoY)-Rupee revenue up 15 percent at Rs 500.4 crore (YoY)-Dollar revenue up 8.2 percent at USD 78 million (YoY)-Consolidated EBITDA at Rs 97 crore versus Rs 95 crore (YoY)-Consolidated EBITDA margin at 19.4 percent versus 21.7 percent (YoY)

Sarda Energy Q1-Net profit at Rs 24.2 crore versus Rs 40.1 crore (YoY)-Total income at Rs 309.6 crore versus Rs 364.8 crore (YoY)

Relaxo Footwears Q1-Net profit at Rs 36 crore versus Rs 23.1 crore (YoY)-Total income at Rs 453.6 crore versus Rs 373.8 crore (YoY)

Pfizer Q1-Net profit up 43.5 percent at Rs 53.8 crore versus Rs 37.5 crore (YoY)-Total income up 11.2 percent at Rs 484.2 crore versus Rs 435.5 crore (YoY)

Other stocks and sectors that are in news today:-Syngene International (Biocon subsidiary) IPO opens today-Sun Pharma seeks to raise USD 1 billion through offshore bonds: ET-Sequent Shasun JV to buy Lyzka’s veterinary business: ET-Airtel on course to launch 4G services before Reliance Jio: BS-ISMA says FY16 sugar output likely to be 28 million tonne versus 31 million tonne in FY15-SEBI must have monitoring mechanism to study unusual rise of stock prices-TCS announces global strategic partnership with US-based company FICO-Bombay High Court to continue hearing Nestle versus FSSAI case on Monday-Power Finance Corporation (PFC) offer for sale on July 27; government to sell 5 percent stake in company-Jayshree Tea board to consider & approve demerger of company's sugar unit on August 4-SKS Microfinance issues commercial paper worth Rs 50 crore-Oriental Bank Of Commerce cuts interest rates on term deposits by 25 bps w.e.f July 27-ONGC to Invest USD 8.8 billion in KG-basin oil & gas discoveries: PTIDisclosure: Network 18, which publishes moneycontrol.com, is now part of the Reliance Group.