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Trade Performance for 19-01-2009
- Buy ABAN @ 604 sl 597 tgt 615 - Still Holding this Stock.
- Buy Nifty Future @ 2810 sl 2790 tgt 2830 - 2855 - Exited at tgt2. Gained 45 points over Nifty Future. If traded with 1 lot, then profit of Rs. 2250/lot/trade.
Profit : Nifty Future - Rs. 2250/trade/lot.
Approx Profit : Rs. 2250/trade.
UltraTech Cement : One of the major cement manufactures of India's has came out with its Q3 FY 2008 - 2009 results. UltraTech Cement manufactures and markets ordinary Portland cement, Portland blast furnace slag cement and Portland pozzolana cement.
The net profit was at Rs 236.4 crore versus Rs 279.5 crore. Its net sales were at Rs 1,630.8 crore versus Rs 1,380.1 crore.
Net sales for the quarter rose 18.45% to Rs. 1673.14 crore or Rs 16,371.40 million, while total income for the quarter rose 17.75% to Rs. 1651.16 crore or Rs 16,511.60 million, when compared with the prior year period.
Its OPM were at 18% versus 20%. The company reported earnings of Rs 19.15 a share during the quarter, registering 14.70% decline over prior year period.
Q3 Highlights
- Total sales volume up
- Domestic realisation remained flat (QoQ)
- Domestic sales volume up 12% at 3.80 mt
- Exports lower this quarter at 0.69 mt
Triveni Engineering : South based sugar producer and engineering unit Triveni has announced its first quarter results. It saw a small decline in its standalone net profit for the first quarter ended December 2008.
During the quarter, the profit of the company declined 6.62% to Rs. 23.98 crore or Rs 239.80 million from Rs 256.80 million in the same quarter, previous year.
Net sales for the quarter rose 5.47% to Rs 365.7 crore or Rs 3,657.10 million, while total income for the quarter rose marginally 4.74% to Rs 3,661.30 million, when compared with the prior year period.
The company posted earnings of Rs 0.93 a share during the quarter, registering 7% decline over prior year period.
TATA TeleServices : TTML has announced third quarter results. The company's Q3 standalone net sales were up at Rs 494.01 crore versus Rs 487.14 crore, QoQ.Its standalone net loss at Rs 45.07 crore versus net loss of Rs 47.35 crore, QoQ.
The company posted loss of Rs 0.24 a share during December 2008 quarter.
MindTree has announced its third quarter numbers of FY09. Its consolidated net profit went down to Rs 8.72 crore as against Rs 35.13 in previous quarter.
The company's net sales increased to Rs 363.80 crore from Rs 312.02 crore, QoQ.
Its standalone net sales have gone up to Rs 275.54 crore from Rs 254.55 crore, QoQ
.
MindTree`s consolidated financial highlights for the third quarter ended Dec. 31, 2008 are:
- Software revenues grew by 16.6% quarter over quarter (QoQ) and 93.4% year over year (YoY) to Rs 3,638 million.
- In rupee terms, EBITDA for the quarter was 30.5% against 27.8% in Q2 2008-09 and 16.8% in Q3 2007-08. This reflects a QoQ growth of 28% and a YoY growth of 251.6%.
- In rupee terms, MindTree`s (Q, N,C,F)* IT Services revenues grew by 7.7% QoQ and 50.6% YoY. R&D Services posted a growth of 10% QoQ and 34.6% YoY.
Other Q3 Highlights for MindTree
Guidance
- The company has revised its revenue guidance for the current year to USD 223-225 million indicating a growth of 22.1-23.2% over the previous year. EBITDA guidance is USD 51-53 million for the year. The company has revised its PAT guidance for the current year to USD 12.8-14.5 million.
- On a consolidated basis, MindTree has announced a revenue guidance of USD 269-273 million for 2008-09, EBITDA of USD 62-65 million and PAT of USD 14.8-17.5 million. - As announced earlier, Aztecsoft financials are consolidated with MindTree effective August 1, 2008
- As announced earlier, Aztecsoft financials are consolidated with MindTree effective August 1, 2008
- The above guidance is based on an exchange rate of Rs 48.50 = USD 1.
Speaking about the results, MindTree, chief executive officer, Krishnakumar Natarajan said, ``In the backdrop of a global softness in demand, we are satisfied with our results this quarter. We will continue to invest in strategic initiatives which improve our competitive positioning.``
ITC Limited : FMCG major ITC disclosed a small rise in its standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company rose 8.73% to Rs 9,032.10 million or 903 crore from Rs 8,307.20 million or 830 crore in the same quarter, last year.
Net sales for the quarter rose 11.59% to Rs 38,586.50 million or Rs 3,833 crore, while total income for the quarter rose 10.04% to Rs 39,562.10 million, when compared with the prior year period.
Its EBITDA was at 8.7% to Rs 1352.7 crore. Its EBITDA margins were at 35.2% versus 34.78%.
The company posted earnings of Rs 2.40 a share during the quarter, registering 8.60% growth over prior year period.
ITC is engaged in business of cigarettes, hotels, paperboards, packaging and agri-exports.
Segmental revenues
- Cigarette – revenue up 17.7% led by price hikes ; Price compensated for drop in volumes
- FMCG: revenue up 11.4%
- Hotels Down 14% lower occupancy levels, terror attacks, lower tourist flows
- Paper up 13.6%
Net sales for the quarter jumped 42.19% to Rs 2,758.30 million, while total income for the quarter rose 33.71% to Rs 2,696.20 million, when compared with the prior year period.
The company posted earnings of Rs 14.35 a share during the quarter, registering 0.62% decline over prior year period.
During the quarter, interest cost increased 9.06% to Rs 229.90 million while depreciation cost fell 9.44% to Rs 237.90 million over previous year period.
eClerx Services : A data analytics and customized process solutions company for global enterprise clients.
Company has announced its third quarter results. The company's consolidated revenues for the quarter stood at Rs 48.1 crore versus Rs 34.7 crore in Q3FY08, YoY growth of 39%.
Its consolidated net profit for the quarter was at Rs 16.2 crore as compared to Rs 12.5 crore in Q3FY 08, a jump of 30 %.
Net sales for the quarter jumped 65.03% to Rs 515.59 million, while total income for the quarter jumped 46.84% to Rs 481.14 million, when compared with the prior year period.
The company reported earnings of Rs 8.58 a share during the quarter, registering 21.70% growth over previous year period.
Apollo Tyres : engaged in the manufacturing and selling of automobiles tyres, tubes and flaps, reported a substantial drop in its standalone net profit for the third quarter ended December 2008. During the quarter, the standalone profit of the company declined 91.14% to Rs 55.08 million or Rs. 5.51 crore from Rs 621.70 million in the same quarter, last year.
Net sales declined marginally 7.28% to Rs 9,033 million or Rs 903.26 crore versus Rs 974.13 crore, while total income for the quarter fell 7.21% to Rs 9,041.88 million, when compared with the prior year period.
The company reported earnings of Rs 0.11 a share for the quarter ended December 2008.
BASF India : A chemical company and a subsidiary of Germany-based BASF Aktiengesellschaft, reported a substantial drop in its standalone net profit for the third quarter ended December 2008. During the quarter, the profit of the company declined 96.27% to Rs 4.10 million or Rs 41 lakhs from Rs 110 million or Rs 11 crore in the same quarter, previous year.
Net sales for the quarter dropped 7.32% to Rs 2,063.90 million, when compared with the prior year period.
The company reported earnings of Rs 0.15 a share during the quarter, registering 96.15% decline over previous year period.
Factors affecting revenues:
- According to the company notes the degrowth is due to a steep fall in prices since September 2008 combined with economic slowdown
- Inventory has increased significantly YoY to 15 cr vs 61 lakhs
Allahabad Bank : The oldest public sector bank of India announced its third quarter numbers of FY09 . During the quarter, the profit of the company rose 1.21% to Rs 3,694.69 million or 369 crores from Rs 3,650.51 million in the same quarter, previous year.
Interest earned for the quarter rose 19.86% to Rs 18,980.45 million or 1898 crores, while total income for the quarter rose 17.89% to Rs 23,064.49 million or 2306 crores , when compared with the prior year period.
Its net interest income went up at Rs 604 crore versus Rs 445.28 crore on YoY basis. Net non-performing assets increased to 0.82% from 0.67%.
Its other income went up by 9.5% at Rs 408.4 crore versus Rs 372.92 crore. Its NIMs were at 2.85% versus 2.4% on YoY basis.
The company posted earnings of Rs 8.27 a share during the quarter, registering a rise of 1.22% over prior year period.
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