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Last Updated : Nov 06, 2015 10:17 AM IST | Source: CNBC-TV18

Stocks in news: Tata Steel, Polaris, Cipla, SBI, PNB, ABB

Tata Steel | Polaris Consulting | Cipla | ABB | Majesco | SBI | PNB | Bank of Baroda | Tata Motors | Tata Global Beverages | Talwalkars Fitness and Dish TV 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: Bharat Heavy Electricals, SBI, Tata Motors, Aurobindo Pharma, ONGC, M&M, PNB, Bank of Baroda, BEML, Bosch, Eicher Motors, SAIL, Tata Chemicals, Union Bank, Voltas, Vijaya Bank, SRF, Punj Lloyd, Motherson Sumi, Gujarat State Petronet, Max India, Reliance Communications, Astrazeneca Pharma, Dolphin Offshore, Essar Oil, Essar Shipping, Gateway Distriparks, GSK Consumer, Godrej Industries, Harrisons Malayalam, Hathway Cable, Hawkins Cookers, Jindal Stainless, Kesoram Ind, TV Today, SML Isuzu, Shakti Pumps, Shalimar Paints, Ramco Systems, PC Jeweller, NAUKRI, Puravankara Projects, MOIL, MEP Infrastructure, Mirza International, Mangalam Cement, Liberty Shoes, Lumax Auto, Geojit BNP, Balmer Lawrie, Ballarpur Industries, Aarti Drugs, ABG Shipyard, Anant Raj, Archies, Aries Agro, Ashoka Buildcon, Astec LifeSciences, AXISCADES Engineering, Bafna Pharmaceuticals, Camlin Fine Sciences, Centum Electronics, Dalmia Bharat, DCM Shriram Ind, Deccan Cements, Deepak Nitrite, Dhunseri Petrochem, D-Link (India), Fiem Industries, Finolex Ind, Golden Tobacco, Hindustan Copper, Hotel Leela Venture, Huhtamaki PPL, IL&FS Transportation Networks, Lakshmi Energy and Foods, Madras Fertilizers, Nitco, Nitesh Estates, Orient Refractories, Responsive Industries, Rico Auto Industries, Sandesh, Sanghvi Movers, SPIC, Sumeet Industries, Surya Roshni, T D Power Systems, GE Shipping, Ramco Cements, Tourism Finance Corporation of India, Triveni Turbine, Venky's (India), Vindhya Telelinks, Visa Steel

Tata Steel Q2
-Consolidated net profit at Rs 1,528.7 crore versus Rs 1,254.3 crore (YoY)
-Consolidated total income at Rs 29,304.7 crore versus Rs 35,777 crore (YoY)
-Consolidated EBITDA at Rs 1,830 crore versus Rs 3,642.5 crore (YoY)
-Consolidated EBITDA margin at 6.2 percent versus 10.2 percent (YoY)
-Consolidated other income at Rs 2,938 crore versus Rs 321.5 crore (YoY)
-Consolidated exceptional loss at Rs 563.7 crore versus exceptional gain of Rs 1,145 crore (YoY)
-Standalone net profit at Rs 2,523 crore versus Rs 2,576.4 crore (YoY)
-Standalone total income at Rs 9,531 crore versus Rs 10,785 crore (YoY)
-Standalone EBITDA at Rs 1,862 crore versus Rs 3,094.2 crore (YoY)
-Standalone EBITDA margin at 19.5 percent versus 28.7 percent (YoY)
-Europe turnover at Rs 16,948 crore, EBITDA loss at Rs 238 crore
-South East Asia turnover at Rs 2,001 crore, reported EBITDA at Rs 70 crore


Tata Steel says
-Sharp deterioration in market conditions affected performance in UK
-European operations maintained their long-term customer-oriented strategy
-Market conditions in Europe, primarily in UK significantly worsened in Q2
-Continue to restructure UK business
-Recently announced closure of some of the sites in UK
-Facing a structurally challenging environment in the UK
-South East Asian operations continue to be impacted by rising China imports
-Triennial valuation process of British Steel Pension Scheme completed
-Tata Steel UK has taken a non cash impairment charge
-Have also decided to restructure Chinese operations in Xiamen
-Have reduced Rs 2,903 crore of gross debt during Q2
-Working with UK Government to urgently secure more competitive environment
-Monetised assets worth Rs 3,200 crore in Q2
-Losses in European operations & lower profitability hurt operating profit
-DMF provision reversal amounted to Rs 377 crore in Q2FY15
-Demand from steel consuming sectors in India remains subdued
-India steel prices to remain under pressure until meaningful uptick in demand
-Expect lower deliveries in Europe in H2FY16
-Continue to assess all strategic options for long products business in Europe

Cipla Q2
-Consolidated net profit at Rs 431 crore versus Rs 298.7 crore (YoY)
-Consolidated total income at Rs 3,452.4 crore versus Rs 2,767.3 crore (YoY)
-Consolidated EBITDA at Rs 789 crore versus Rs 558 crore (YoY)
-Consolidated EBITDA margin at 22.9 percent versus 20.2 percent (YoY)
-Exports of formulations up 51.3 percent at Rs 1,874 crore versus Rs 1,239 crore (YoY)
-Exports of APIs up 61 percent at Rs 226 crore versus Rs 140 crore (YoY)

Astral Poly Q2
-Consolidated net profit at Rs 18.1 crore versus Rs 21.5 crore (YoY)
-Consolidated total income at Rs 419.6 crore versus Rs 321.6 crore (YoY)

Kalpataru Power Q2
-Net profit at Rs 41 crore versus Rs 42.7 crore (YoY)
-Total income at Rs 946.4 crore versus Rs 1,141 crore (YoY)
-EBITDA at Rs 106.5 crore versus Rs 103.8 crore (YoY)
-EBITDA margin at 11.3 percent versus 9.1 percent (YoY)

Orbit Exports Q2
-Net profit at Rs 8.5 crore versus Rs 8.4 crore (YoY)
-Total income at Rs 41.4 crore versus Rs 44.7 crore (YoY)

Clariant Chemicals Q2
-Net proit at Rs 21.4 crore versus loss of Rs 1.3 crore (YoY)
-Total income at Rs 230 crore versus Rs 256 crore (YoY)

Trent Q2
-Net profit at Rs 13.4 crore versus Rs 11.4 crore (YoY)
-Total income at Rs 385.7 crore versus Rs 359.5 crore (YoY)

Manappuram Finance Q2
-Consolidated net profit at Rs 63 crore versus Rs 76.5 crore (YoY)
-Calculated NII at Rs 306 crore versus Rs 286.5 crore (YoY)

-Net profit at Rs 0.5 crore versus loss of Rs 1,085 crore (YoY)
Alert: HOEC Q2FY15 had an exceptional loss of Rs 1,061.3 crore
-Total income at Rs 5.2 crore versus Rs 12.2 crore (YoY)

Apar Industries Q2
-Net profit at Rs 24.3 crore versus Rs 16 crore (YoY)
-Total income at Rs 1,251 crore versus Rs 1243.6 crore (YoY)

Igarashi Motors Q2
-Net profit at Rs 14.7 crore versus Rs 9 crore (YoY)
-Total income at Rs 104.4 crore versus Rs 91.3 crore (YoY)

JK Paper Q2
-Net profit at Rs 19.8 crore versus loss of Rs 19.7 crore (YoY)
-Total income at Rs 597.4 crore versus Rs 533.7 crore (YoY)

KEI Industries Q2
-Net profit at Rs 15.3 crore versus Rs 9.3 crore (YoY)
-Total income at Rs 611.7 crore versus Rs 504.8 crore (YoY)

Castrol India Q3
-Net profit at Rs 143.2 crore versus Rs 118 crore (YoY)
-Total income at Rs 784.3 crore versus Rs 802.3 crore (YoY)

Kalindee Rail Q2
-Net loss at Rs 8.1 crore versus profit of Rs 2.3 crore (YoY)
-Total income at Rs 82.7 crore versus Rs 65.4 crore (YoY)

Talwalkars Fitness Q2
-Consolidated net profit at Rs 26.2 crore versus Rs 21 crore (YoY)
-Consolidated total income at Rs 84.6 crore versus Rs 75.1 crore (YoY)

JBF Industries Q2
-Consolidated net loss at Rs 0.55 crore versus profit of Rs 35.5 crore (YoY)
-Consolidated total income at Rs 2,134 crore versus Rs 2,246.4 crore (YoY)

Caplin Point Q2
-Consolidated net profit at Rs 14.1 crore versus Rs 8.6 crore (YoY)
-Consolidated net sales at Rs 77.5 crore versus Rs 57.1 crore (YoY)

Mawana Sugars Q2
-Net profit at Rs 45.1 crore versus loss of Rs 51.7 crore (YoY)
-Total income at Rs 160.5 crore versus Rs 263.8 crore (YoY)

FAG Bearings Q2
-Net profit at Rs 50.6 crore versus Rs 37.6 crore (YoY)
-Total income at Rs 438.3 crore versus Rs 401.1 crore (YoY)

Siyaram Silk Mills Q2
-Net profit at Rs 23.1 crore versus Rs 22 crore (YoY)
-Total income flat at Rs 398 crore (YoY)

Tata Global Beverages Q2
-Consolidated net profit at Rs 77 crore versus Rs 69 crore (YoY)
-Consolidated total income at Rs 2,034.5 crore versus Rs 2,019.1 crore (YoY)
-Consolidated EBITDA at Rs 148 crore versus Rs 186 crore (YoY)
-Consolidated EBITDA margin at 7.3 percent versus 9.2 percent (YoY)

-Consolidated net loss at Rs 17.2 crore versus loss of Rs 26.9 crore (YoY)
-Consolidated total income at Rs 127.6 crore versus Rs 110.4 crore (YoY)

Snowman Logistics Q2
-Net profit at Rs 2.9 crore versus Rs 2.3 crore (YoY)
-Total income at Rs 57.6 crore versus Rs 48.3 crore (YoY)

Gujarat Gas Q2
-Net profit at Rs 22.8 crore versus Rs 52 crore (QoQ)
-Total income at Rs 1,572.2 crore versus Rs 1,670.9 crore (QoQ)

Esab India Q2
-Net profit at Rs 6.2 crore versus Rs 5 crore (YoY)
-Total income at Rs 116.5 crore versus Rs 108.8 crore (YoY)

Kirloskar Electric Q2
-Net loss at Rs 17.5 crore versus Rs 27.2 crore (YoY)
-Total income at Rs 128.2 crore versus Rs 109.3 crore (YoY)

Rupa & Company Q2
-Net profit at Rs 29.1 crore versus Rs 16.6 crore (YoY)
-Total income at Rs 269.8 crore versus Rs 258.6 crore (YoY)

Zicom Q2
-Consolidated net profit at Rs 16.2 crore versus Rs 12.9 crore (YoY)
-Consolidated total income at Rs 317.2 crore versus Rs 261.4 crore (YoY)

Oracle Financial Q2
-Consolidated net profit at Rs 322.6 crore versus Rs 329.3 crore (QoQ)
-Consolidated total income at Rs 1,003.4 crore versus Rs 1,056.6 crore (QoQ)

Reliance Infrastructure & L&T submit bids for BKC smart city project: Sources
Alert: Bid for BKC smart city project closed on November 2
-Winner to provide services like Wi-fi, surveillance, smart parking, citizen app
-Winner to build, operate services for 7 years

Coal & Power Minister Piyush Goyal says
-To mull cabinet decision on linkage auction for unregulated power, fertiliser sectors
-Discussions are being held on coal linkage auction for all sectors
-Aim to bring solar tariff down to Rs 4/unit

Polaris & Virtusa enter into a definitive share purchase agreement for 53 percent stake sale
Polaris says
-Virtusa to acquire 53 percent of paid up share capital of company
-Promoters led by Arun Jain to cash-out
-Virtusa to buy shares at Rs 220.73/share aggregating to approximately Rs 1,173 crore
-Virtusa to make open offer for an additional 26 percent to minority shareholders
-Citigroup has agreed to designate Virtusa-Polaris as preferred vendors
Alert: Orbitech holds 17.42 percent stake in Polaris

Cabinet clears power discom resolution
Government says
-States to take over 75 percent of discom debt as on September 30, 2015 over two years
-50 percent of discom debt shall be taken over in 2015-16 & 25 percent in 2016-17
-Will not include debt taken over by states in calculation of states’ fiscal deficit
-States will issue non-SLR including SDL bonds in the market
-States can issue bonds directly to respective banks holding discom debt
-Discom debt not taken over by state to be converted by banks/FIs into loans/bonds
-Loans/bonds with interest rate not more than bank’s base rate plus 0.1 percent
-Debt may be fully or partly issued by discom as state guaranteed discom bonds
-State guaranteed discom bonds to be equal to or less than bank base rate plus 0.1 percent
-States shall take over the future losses of discoms in a graded manner
-Discoms will comply with renewable purchase obligation (RPO) outstanding since April 2012
-States accepting UDAY will be given funding through DDUGJY, IPDS, PSDF
-States shall also be supported with additional coal at notified prices
-States shall also be supported low cost power from NTPC & other CPSUs
-States not meeting operational milestones will be liable to forfeit their claim on IPDS & DDUGJY grants
-UDAY is optional for all states
-States encouraged to take benefit at earliest as benefits performance dependent

Dish TV introduces new service ‘Only For You’
-New service to aid company in data analytics

Other stocks and sectors that are in news today:
-Glenmark Pharma gets US FDA nod for Betamethasone  Dipropionate, Clotrimazole (used to treat inflammatory & pruritic manifestations)
-Aurobindo Pharma gets tentative US FDA nod for Palonosetron hydrochloride (used to treat nausea)
-ABB’s India business to get global play: BS
-Lupin appoints Thierry Volle as president-Europe, Middle-East & Africa
-Majesco & Blueprint announce strategic partnership

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First Published on Nov 6, 2015 08:22 am
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