STOCKS ALERT – 02.06.2014
* AARTI INDUSTRIES: Reported a 21.5% on-year rise in Jan-Mar net profit to 468.4
mln rupees, and 26% rise in net sales to 7.35 bln rupees.
* ABG SHIPYARD: Jan-Mar net loss 490 mln rupees versus 150 mln rupees profit a
year ago. Net sales stood at 3.89 bln rupees against 3.92 bln rupees a year ago.
* ARVIND: Has set up a joint venture with Japan's OG Corp to manufacture non-woven
fabrics, and aims to clock in revenue of 1 bln rupees in three years.
* ASTRAZENECA PHARMA: Jan-Mar net loss 25.69 mln rupees as against 185.75 mln
rupees year ago. Net sales grew 20.35% to 1.14 bln rupees.
* AUROBINDO PHARMA: Jan-Mar consolidated profit stood at 5 bln rupees against 1
bln rupees year ago. Net sales increased to 23.0 bln rupees from 15.5 bln rupees.
* BAYER CROPSCIENCE: Jan-Mar net profit fell 35.65% on year to 462 mln rupees
whereas net sales rose 43.14% to 5.26 bln rupees.
* BERGER PAINTS INDIA: Reported a 26.3% jump in consolidated net profit to 553.4
mln rupees in Jan-Mar, and a 19.6% on year rise in net sales.
* BHUSHAN STEEL: Reported a net loss of 195.7 mln rupees in Jan-Mar as against a
2.80-bln-rupee profit a year ago. Net sales fell 11% to 25.10 bln rupees.
* BLUE STAR: Posted a 131% on-year increase in Jan-Mar net profit to 427.9 mln
rupees, and 1.44% rise in net sales to 8.63 bln rupees.
* BRITANNIA INDUSTRIES: Is planning to launch new brands to shake off its
reputation of being a laggard in product innovation and accelerate growth.
* BS: Jan-Mar net profit rose 96.90% on year to 297.92 mln rupees while net sales
increased 90.51% to 4.96 bln rupees.
* COAL INDIA: Environment Minister Javadekar said about 10-12 projects of the
company, awaiting environment and forest clearances, were taken up for discussion with
the power and coal ministry.
* COX & KINGS: Posted a consolidated net loss of 462.5 mln rupees for Jan-Mar asagainst a net profit of 309.15 mln rupees a quarter ago. The travel company's
consolidated net sales stood at 4.9 bln rupees, up 21.4% from Oct-Dec. Expenses rose
60.5% sequentially to 4.7 bln rupees.
* DEN NETWORKS: Jan-Mar consolidated net profit fell to 100.5 mln rupees from
173.3 mln rupees a year ago, while total revenue rose to 3.0 bln rupees from 2.7 bln
rupees.
* DR DATSON'S LABS: Jan-Mar net loss 61.58 mln rupees against 381.7 mln rupees
profit a year ago. Net sales down 71.87% to 207.95 mln rupees.
* EIH: Posted a profit before tax of 524.6 mln rupees, up 47.2% on year. Net revenue
stood at 3.67 bln rupees, up 3.2%.
* ESS DEE ALUMINIUM: Jan-Mar net profit down 71% on year to 97.24 mln rupees.
Net sales down 12.20% to 1.74 bln rupees.
* FINANCIAL TECHNOLOGIES INDIA: Jan-Mar net loss 3.71 bln rupees as against a
878.14-mln-rupee profit year ago. Net sales fell 60.85% to 552.47 mln rupees.
* FUTURE RETAIL: Net sales jumped 152% on year to 22.95 bln rupees in Jan-Mar, but
net profit declined 34.4% to 16.2 mln rupees.
* GITANJALI GEMS: Posted 898.91 mln rupees consolidated loss in Jan-Mar against
1.18 bln rupees profit year ago. Net sales down 42.04% to 27.53 bln rupees.
* GVK POWER AND INFRASTRUCTURE: The National Highways Authority of India
has served show-cause notices the company for failure to mobilise the funds for the
Shivpuri-Dewas project in Madhya Pradesh.
* HERO MOTOCORP: May two-wheeler sales 602,481 units, up 8% on year.
* HINDUSTAN OIL EXPLORATION: Jan-Mar net loss at 1.16 bln rupees against net
loss of 283.34 mln rupees year ago. Net sales down 60% on-year to 132.34 mln rupees.
* IDFC: Is planning to offload loans of 50 bln rupees given to power and road projects.
The move is aimed at pre-empting regulatory requirements as it prepares to turn into a
full-fledged bank.
* INDIAN HOTELS: J.P. Morgan ups recommendation on co to 'overweight', price target
increased to 120 rupees. Arm Roots Corp is in talks with Indian Railways to set up hotels
at railway hubs. Posted a Jan-Mar net loss of 3.65 bln as against a loss of 3.06 bln rupees
year ago. Revenues rose a muted 3.9% on year to 5.7 bln rupees.
* INDIAN OIL CORP: The Company announced a 50-paise increase in retail diesel price
effective midnight May 31.* INFOSYS: Two more senior level executives are likely to leave the IT major. Has
stepped up efforts to find external candidates to take over as chief executive officer. No
decision yet on new CEO, MD, search still on, speculation on CEO search
"unwarranted".
* IVRCL: Incurred 3.2-bln-rupee consolidated loss in Jan-Mar against a profit of 60.6
mln rupees a year ago. Consolidated sales down 18.54% to 12.15 bln rupees.
* JYOTI STRUCTURES: Jan-Mar net loss 125.3 mln rupees against 222.0 mln rupees a
year ago. Net sales 13.06 bln rupees against 9.37 bln rupees.
* KOTAK MAHINDRA BANK: Kotak Trustee Co A/C USK Benefit Trust-II sold 24.98
mln shares or 3.24% stake in the bank at 880 rupees per share.
* LARSEN & TOUBRO: Reported Jan-Mar net profit of 27.23 bln rupees, up 69.2% on
year, and net sales of 200.8 bln rupees, up 11.1%. Has guided for revenue growth of 15%
and order inflow growth of 20% in 2014-15 (Apr-Mar) and also expects its margins to
remain stable at 11%. Currently has no plans to buy stake in YES BANK, Group
Executive Chairman A.M. Naik said.
* MAHANAGAR TELEPHONE NIGAM: Jan-Mar net profit at 96 bln rupees against
loss of 19.8 bln rupees year ago. Income from operations down 7.7% on year to 8.4 bln
rupees.
* MULTI COMMODITY OF EXCHANGE OF INDIA: Jan-Mar net profit at 437.5 mln
rupees against 766.3 mln rupees. Income from operations 598.1 mln rupees against 1.2
bln rupees. Has held back payments for software services to Financial Technologies
India.
* NAVNEET EDUCATION: Jan-Mar net profit up 22.3% on year to 162.7 mln rupees,
and net sales up 12.7% to 1.88 bln rupees.
* NHPC: Jan-Mar net loss at 7.07 bln rupees as against a 5.8-bln-rupee profit year ago.
Net sales down 4.02% to 9.96 bln rupees.
* NMDC: Posted 34% on-year growth in Jan-Mar consol net profit at 19.62 bln rupees.
Net sales grew 21.28% on-year to 38.83 bln rupees.
* OMAXE: Reported a 29.66% on year drop in Jan-Mar net profit to 250.8 mln rupees.
Net sales fell 24.46% to 5.10 bln rupees. Board approved raising 5 bln rupees by issuing
securities to person other than existing shareholders, and also by way of qualified
institutional placement.
* OPTO CIRCUITS: Jan-Mar net profit 32.3 mln rupees. Income from operations 387.4
mln rupees.* ORISSA MINERALS: Jan-Mar net loss 8.9 mln rupees against 40.5-mln-rupee profit a
year ago.
* PATEL ENGINEERING: Posted a 10.41% on-year increase in Jan-Mar net profit to
160.1 mln rupees. Income from operations fell 26.16% on year to 8.77 bln rupees.
* PIPAVAV DEFENCE AND OFFSHORE ENGINEERING CO: Reported an 84% on- year decline in Jan-Mar net profit to 13.05 mln rupees, and a 38% fall in net sales to 4.49
bln rupees.
* RADICO KHAITAN: Reported 37% on-year fall in net profit to 99.0 mln rupees in
Jan-Mar. Net sales rose to 3.42 bln rupees from 3.21 bln rupees a year ago.
* REI Agro: Promoter is trying to salvage the company, in talks with lenders who filed
winding up petition against co.
* RELIGARE ENTERPRISES: Jan-Mar consolidated net profit 665.82 mln rupees as
against a net loss of 6.48 bln rupees a year ago. Income from operations nearly
unchanged from a year ago at 8.06 bln rupees.
* RUCHI SOYA: Jan-Mar net loss 196.5 mln rupee. Income from operations 63.77 bln
rupees.
* SHASUN PHARMA: Jan-Mar consolidated net profit 104 mln rupees against 132.6
mln rupees year ago. Net sales 3.5 bln rupees against 2.6 bln rupees.
* SIMPLEX INFRASTRUCTURES: Posted a 19% on-year jump in Jan-Mar net profit to
213.7 mln rupees. Net sales stood at 14.35 bln rupees as against 14.79 bln rupees a year
ago.
* SUZLON ENERGY: Reported Jan-Mar consolidated net loss of 6.03 bln rupees, lower
than 19.13 bln rupees reported a year ago. Net sales rose 53.7% to 65.81 bln
rupees. Plans to raise about 10 bln rupees from sale of non-core assets this financial year
as a part of its business revival strategy.
* SONA KOYO: Jan-Mar net profit up 2.53% on year to 138.28 mln rupees. Net sales
down 2.30% to 3.88 bln rupees.
* TATA MOTORS: Subsidiary Jaguar Land Rover inaugurated a showroom in Raipur,
Chhattisgarh.
* TATA CHEMICALS: Jan-Mar consolidated net loss 12.26 bln rupees as against a net
loss of 1.77 bln rupees a year ago. Net sales rose 10.6% on year to 36.46 bln rupees.
* TATA STEEL: Moody's Investors Service said the Odisha government's decision toreview leases of 26 iron ore mines in the state is credit negative for the company which
owns seven of these mines.
* UFLEX: Jan-Mar net profit up 45.94% on year to 601 mln rupees, while net sales up
17.53% to 13.77 bln rupees.
* WINSOME DIAMONDS AND JEWELLERY: Jan-Mar net loss 1.32 bln rupees
against a loss of 1.93 bln rupees a year ago. Net sales down 99.9% to 13.8 mln rupees.
* AARTI INDUSTRIES: Reported a 21.5% on-year rise in Jan-Mar net profit to 468.4
mln rupees, and 26% rise in net sales to 7.35 bln rupees.
* ABG SHIPYARD: Jan-Mar net loss 490 mln rupees versus 150 mln rupees profit a
year ago. Net sales stood at 3.89 bln rupees against 3.92 bln rupees a year ago.
* ARVIND: Has set up a joint venture with Japan's OG Corp to manufacture non-woven
fabrics, and aims to clock in revenue of 1 bln rupees in three years.
* ASTRAZENECA PHARMA: Jan-Mar net loss 25.69 mln rupees as against 185.75 mln
rupees year ago. Net sales grew 20.35% to 1.14 bln rupees.
* AUROBINDO PHARMA: Jan-Mar consolidated profit stood at 5 bln rupees against 1
bln rupees year ago. Net sales increased to 23.0 bln rupees from 15.5 bln rupees.
* BAYER CROPSCIENCE: Jan-Mar net profit fell 35.65% on year to 462 mln rupees
whereas net sales rose 43.14% to 5.26 bln rupees.
* BERGER PAINTS INDIA: Reported a 26.3% jump in consolidated net profit to 553.4
mln rupees in Jan-Mar, and a 19.6% on year rise in net sales.
* BHUSHAN STEEL: Reported a net loss of 195.7 mln rupees in Jan-Mar as against a
2.80-bln-rupee profit a year ago. Net sales fell 11% to 25.10 bln rupees.
* BLUE STAR: Posted a 131% on-year increase in Jan-Mar net profit to 427.9 mln
rupees, and 1.44% rise in net sales to 8.63 bln rupees.
* BRITANNIA INDUSTRIES: Is planning to launch new brands to shake off its
reputation of being a laggard in product innovation and accelerate growth.
* BS: Jan-Mar net profit rose 96.90% on year to 297.92 mln rupees while net sales
increased 90.51% to 4.96 bln rupees.
* COAL INDIA: Environment Minister Javadekar said about 10-12 projects of the
company, awaiting environment and forest clearances, were taken up for discussion with
the power and coal ministry.
* COX & KINGS: Posted a consolidated net loss of 462.5 mln rupees for Jan-Mar asagainst a net profit of 309.15 mln rupees a quarter ago. The travel company's
consolidated net sales stood at 4.9 bln rupees, up 21.4% from Oct-Dec. Expenses rose
60.5% sequentially to 4.7 bln rupees.
* DEN NETWORKS: Jan-Mar consolidated net profit fell to 100.5 mln rupees from
173.3 mln rupees a year ago, while total revenue rose to 3.0 bln rupees from 2.7 bln
rupees.
* DR DATSON'S LABS: Jan-Mar net loss 61.58 mln rupees against 381.7 mln rupees
profit a year ago. Net sales down 71.87% to 207.95 mln rupees.
* EIH: Posted a profit before tax of 524.6 mln rupees, up 47.2% on year. Net revenue
stood at 3.67 bln rupees, up 3.2%.
* ESS DEE ALUMINIUM: Jan-Mar net profit down 71% on year to 97.24 mln rupees.
Net sales down 12.20% to 1.74 bln rupees.
* FINANCIAL TECHNOLOGIES INDIA: Jan-Mar net loss 3.71 bln rupees as against a
878.14-mln-rupee profit year ago. Net sales fell 60.85% to 552.47 mln rupees.
* FUTURE RETAIL: Net sales jumped 152% on year to 22.95 bln rupees in Jan-Mar, but
net profit declined 34.4% to 16.2 mln rupees.
* GITANJALI GEMS: Posted 898.91 mln rupees consolidated loss in Jan-Mar against
1.18 bln rupees profit year ago. Net sales down 42.04% to 27.53 bln rupees.
* GVK POWER AND INFRASTRUCTURE: The National Highways Authority of India
has served show-cause notices the company for failure to mobilise the funds for the
Shivpuri-Dewas project in Madhya Pradesh.
* HERO MOTOCORP: May two-wheeler sales 602,481 units, up 8% on year.
* HINDUSTAN OIL EXPLORATION: Jan-Mar net loss at 1.16 bln rupees against net
loss of 283.34 mln rupees year ago. Net sales down 60% on-year to 132.34 mln rupees.
* IDFC: Is planning to offload loans of 50 bln rupees given to power and road projects.
The move is aimed at pre-empting regulatory requirements as it prepares to turn into a
full-fledged bank.
* INDIAN HOTELS: J.P. Morgan ups recommendation on co to 'overweight', price target
increased to 120 rupees. Arm Roots Corp is in talks with Indian Railways to set up hotels
at railway hubs. Posted a Jan-Mar net loss of 3.65 bln as against a loss of 3.06 bln rupees
year ago. Revenues rose a muted 3.9% on year to 5.7 bln rupees.
* INDIAN OIL CORP: The Company announced a 50-paise increase in retail diesel price
effective midnight May 31.* INFOSYS: Two more senior level executives are likely to leave the IT major. Has
stepped up efforts to find external candidates to take over as chief executive officer. No
decision yet on new CEO, MD, search still on, speculation on CEO search
"unwarranted".
* IVRCL: Incurred 3.2-bln-rupee consolidated loss in Jan-Mar against a profit of 60.6
mln rupees a year ago. Consolidated sales down 18.54% to 12.15 bln rupees.
* JYOTI STRUCTURES: Jan-Mar net loss 125.3 mln rupees against 222.0 mln rupees a
year ago. Net sales 13.06 bln rupees against 9.37 bln rupees.
* KOTAK MAHINDRA BANK: Kotak Trustee Co A/C USK Benefit Trust-II sold 24.98
mln shares or 3.24% stake in the bank at 880 rupees per share.
* LARSEN & TOUBRO: Reported Jan-Mar net profit of 27.23 bln rupees, up 69.2% on
year, and net sales of 200.8 bln rupees, up 11.1%. Has guided for revenue growth of 15%
and order inflow growth of 20% in 2014-15 (Apr-Mar) and also expects its margins to
remain stable at 11%. Currently has no plans to buy stake in YES BANK, Group
Executive Chairman A.M. Naik said.
* MAHANAGAR TELEPHONE NIGAM: Jan-Mar net profit at 96 bln rupees against
loss of 19.8 bln rupees year ago. Income from operations down 7.7% on year to 8.4 bln
rupees.
* MULTI COMMODITY OF EXCHANGE OF INDIA: Jan-Mar net profit at 437.5 mln
rupees against 766.3 mln rupees. Income from operations 598.1 mln rupees against 1.2
bln rupees. Has held back payments for software services to Financial Technologies
India.
* NAVNEET EDUCATION: Jan-Mar net profit up 22.3% on year to 162.7 mln rupees,
and net sales up 12.7% to 1.88 bln rupees.
* NHPC: Jan-Mar net loss at 7.07 bln rupees as against a 5.8-bln-rupee profit year ago.
Net sales down 4.02% to 9.96 bln rupees.
* NMDC: Posted 34% on-year growth in Jan-Mar consol net profit at 19.62 bln rupees.
Net sales grew 21.28% on-year to 38.83 bln rupees.
* OMAXE: Reported a 29.66% on year drop in Jan-Mar net profit to 250.8 mln rupees.
Net sales fell 24.46% to 5.10 bln rupees. Board approved raising 5 bln rupees by issuing
securities to person other than existing shareholders, and also by way of qualified
institutional placement.
* OPTO CIRCUITS: Jan-Mar net profit 32.3 mln rupees. Income from operations 387.4
mln rupees.* ORISSA MINERALS: Jan-Mar net loss 8.9 mln rupees against 40.5-mln-rupee profit a
year ago.
* PATEL ENGINEERING: Posted a 10.41% on-year increase in Jan-Mar net profit to
160.1 mln rupees. Income from operations fell 26.16% on year to 8.77 bln rupees.
* PIPAVAV DEFENCE AND OFFSHORE ENGINEERING CO: Reported an 84% on- year decline in Jan-Mar net profit to 13.05 mln rupees, and a 38% fall in net sales to 4.49
bln rupees.
* RADICO KHAITAN: Reported 37% on-year fall in net profit to 99.0 mln rupees in
Jan-Mar. Net sales rose to 3.42 bln rupees from 3.21 bln rupees a year ago.
* REI Agro: Promoter is trying to salvage the company, in talks with lenders who filed
winding up petition against co.
* RELIGARE ENTERPRISES: Jan-Mar consolidated net profit 665.82 mln rupees as
against a net loss of 6.48 bln rupees a year ago. Income from operations nearly
unchanged from a year ago at 8.06 bln rupees.
* RUCHI SOYA: Jan-Mar net loss 196.5 mln rupee. Income from operations 63.77 bln
rupees.
* SHASUN PHARMA: Jan-Mar consolidated net profit 104 mln rupees against 132.6
mln rupees year ago. Net sales 3.5 bln rupees against 2.6 bln rupees.
* SIMPLEX INFRASTRUCTURES: Posted a 19% on-year jump in Jan-Mar net profit to
213.7 mln rupees. Net sales stood at 14.35 bln rupees as against 14.79 bln rupees a year
ago.
* SUZLON ENERGY: Reported Jan-Mar consolidated net loss of 6.03 bln rupees, lower
than 19.13 bln rupees reported a year ago. Net sales rose 53.7% to 65.81 bln
rupees. Plans to raise about 10 bln rupees from sale of non-core assets this financial year
as a part of its business revival strategy.
* SONA KOYO: Jan-Mar net profit up 2.53% on year to 138.28 mln rupees. Net sales
down 2.30% to 3.88 bln rupees.
* TATA MOTORS: Subsidiary Jaguar Land Rover inaugurated a showroom in Raipur,
Chhattisgarh.
* TATA CHEMICALS: Jan-Mar consolidated net loss 12.26 bln rupees as against a net
loss of 1.77 bln rupees a year ago. Net sales rose 10.6% on year to 36.46 bln rupees.
* TATA STEEL: Moody's Investors Service said the Odisha government's decision toreview leases of 26 iron ore mines in the state is credit negative for the company which
owns seven of these mines.
* UFLEX: Jan-Mar net profit up 45.94% on year to 601 mln rupees, while net sales up
17.53% to 13.77 bln rupees.
* WINSOME DIAMONDS AND JEWELLERY: Jan-Mar net loss 1.32 bln rupees
against a loss of 1.93 bln rupees a year ago. Net sales down 99.9% to 13.8 mln rupees.
