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Dr Reddys Labs : India Drug maker Dr Reddys Laboratories has declared its third quarter results. It posted on a consolidated basis posted a 2.54 times growth in net profit for the quarter ended Dec. 31, 2008. During the quarter, the net profit of the company rose to Rs 1,591.60 million as against Rs 625.50 million for the quarter ended Dec. 31, 2007.
Total Income of the company rose 45.54% to Rs. 1855.28 crore or Rs 18,552.80 million for the quarter ended Dec. 31, 2008 as against Rs. 1265.98 crore or Rs 12,659.80 million over the prior year period.
US GAAP : The company's (US GAAP) consolidated net profit at Rs 192 crore versus loss of Rs 121.3 crore. Its (US GAAP) consolidated net revenues were up 37% at Rs 1804 crore versus 1232 crore. Its (US GAAP) consolidated operating profit at Rs 301 crore versus loss of Rs 176.3 crore.
Its forex loss was at Rs 49.3 crore. Its OPM was at Rs 17.15%.
The company reported earnings of Rs 6.16 a share during the quarter, registering 2.44 times growth over previous year period.
Result Analysis : Powered by MoneyControl.com
* Without imitrex grew in US markets of 50%.
* India business was weak because of change in supply chain model; leading to de-stocking.
* German business was weak & Has given Weak outlook for Germany.
* Projecting a flat growth for next year despite AOK tenders.
* Alert AOK tenders stayed.
* AOK tender will further lead to reduction in margins in Germany.
* Reduced sales force in Germany; retrenched 70 sales personnel.
* will not meet guidance given for German market.
* Has won about 17% of total AOK volumes.
* Lost case on Olanzapine in Germany.
* German market become more of commoditized market.
* Still witnessing pricing in Germany.
* Pharmaceutical services and active ingredients grew only 6% because of global slow down( but changing the focus from research base to manufacturing based in pharmaceuticals space)
* Watching credit limit closely of clients closely ( Russian client has gone bust).
* Will launch 2 new products in biologics next year.
* Total ANDAs filed 133.
* Launched 3 products in North America and 10 products in India.
AIA Engineering : AIA Engineering disclosed a small decline in its standalone net profit for the third quarter ended December 2008. During the quarter, the profit of the company declined 8.01% to Rs. 29.12 crore or Rs 291.29 million from Rs. 31.67 crore or Rs 316.67 million in the same quarter, previous year.
Net sales for the quarter jumped 68.48% to Rs. 281.40 crore or Rs 2,814.01 million, while total income for the quarter jumped 63.15% to Rs. 283.87 crore or Rs 2,838.73 million, when compared with the prior year period.
On consolidated basis, company net sales were at Rs 272.92 crore versus Rs 188.85 crore on YoY basis.
Its consolidated net profit was at Rs 46.86 crore versus Rs 40.51 crore on YoY basis.
The company posted earnings of Rs 3.10 a share during the quarter, registering 81.60% decline over previous year period.
During the quarter, interest cost increased 7.12 times to Rs 1.21 million while depreciation cost rose 25.90% to Rs 29.17 million over previous year period.
AIA Engineering specializes in design, development, manufacture, installation and servicing of high-chromium wear, corrosion and abrasion resistant parts used in cement, mining and thermal power generation industries.
Trade Performance for 20-01-2009
- Yday Call : ABAN @ 604 sl 597 tgt 615 - Exited at tgt. Made profit of Rs. 11/share. If traded with 100 shares, then profit of Rs. 1100/trade.
- Buy Tata Power @ 742 sl 734 tgt 754 / 762 - Exited at tgt2. Made profit of Rs. 20/share. If traded with 100 shares, then profit of Rs. 2000/trade.
- Buy Nifty future @ 2750 sl 2730 tgt 2775 / 2795 - Exited at tgt1. Gained 25 points from Nifty Future. If traded with 1 lot, then profit of Rs. 1250/lot/trade.
- Short HDIL @ 107 tgt 104 sl 109 - Exited at tgt. Made profit of Rs. 3/share. If traded with 250 shares, then profit of Rs. 750/trade.
- Buy Adlabs @ 182 sl 180.50 tgt 185 - SL triggred. Made loss of Rs. 1.50/share. If traded with 250 shares, then loss of Rs. 375/trade.
- Buy REL Infra @ 532 sl 526 tgt 539 / 544 - Exited at tgt1. Made profit of Rs. 7/share. If traded with 100 shares, then profit of Rs. 700/trade.
- Buy Reliance @ 1204 sl 1195 tgt 1225 - SL triggred. Made loss of Rs. 9/share. If traded with 75 shares, then profit of Rs. 675/trade.
Profit : Aban - Rs. 1100/trade , TATA Power - Rs. 2000/trade , Nifty Future - Rs. 1250/trade , Short HDIL - Rs. 750/trade , Rel Infra - Rs. 700/trade.
Loss : Adlabs - Rs 375/trade , Reliance - Rs 675/trade
Approx Profit : Rs. 4750/trade.
Links to This Week Performance Report ( 19-01-2009 to 23-01-2009)
Trade Performance for 19-01-2009 || Profit Rs. 2250/-
AXIS Bank : One of the leading private banks of India announced its third Q3 results. Axis Bank reported a phenomenal rise in its standalone net profit for the third quarter ended December 2008. During the quarter, the profit of the bank rose 63.24% to Rs 500.86 crore or Rs 5,008.60 million from Rs 306.83 crore or Rs 3,068.30 million in the same quarter, last year.
Interest earned for the quarter jumped 65.61% to Rs. 2984.77 crore or Rs 29,847.70 million, while total income for the quarter climbed 62.29% to Rs. 3716.94 crore or Rs 37,169.40 million, when compared with the prior year period.
Its standalone net interest income (NII) was up 24.4% at Rs 929.68 crore versus Rs 747.34 crore. Its other income was up 50 % at Rs 732.17 crore versus Rs 487.9 crore. The provisions were down 34% at Rs 131.98 crore versus Rs 200.05 crore.
Its CAR was at 14% versus 16.88%. Its NPA was at 0.39% versus 0.42%. The bank reported earnings of Rs 13.95 a share during the quarter, registering 47.78% growth over previous year period.
Segment analysis -Revenues
Retail banking up 50.70% at Rs 1758.65 crore versus Rs 1166.98 crore
Treasury up 85.51 % at Rs 5840.5 crore versus Rs 3148.37 crore
Corp.. banking up 66.39% at Rs 2016 crore versus Rs 1211.62 crore
Segment analysis -Results
Retail banking down 58% at Rs -6.34 crore versus Rs -15.11 crore
Treasury up 89.13 % at Rs 325.32 crore versus Rs 172.01 crore
Corp.. banking up 47.61% at Rs 466.74 crore versus Rs 316.2 crore
Petronet LNG Ltd : India's Petrochemicals company Petronet LNG has announced its third quarter results. During the quarter, the profit of the company declined 19.83% to Rs 105 crore or Rs 1,050.80 million from Rs 131 crore or Rs 1,310.77 million in the same quarter previous year.
Net sales for the quarter jumped 56.41% to Rs 2,473 crore or Rs 24,730.42 million, while total income for the quarter jumped 56.63% to Rs 24,951.98 million, when compared with the prior year period.Its net sales were at versus Rs 1581.1 crore.
The company's other income was at Rs 22.15 crore versus Rs 11.96 crore and operating profit was at Rs 185.5 crore versus Rs 232 crore.
Its OPM was at 7.5% versus 14.7%. The company reported earnings of Rs 1.40 a share during the quarter, registering 20% decline over prior year period.
Rolta India : One of India`s leading IT companies and vast experience for developing software related to nation security forces, announced its second Q2 FY 2008 - 2009 result.
The company's registered a growth of mere 0.6% in the consolidated net profit for the second quarter ended December 2008. During the quarter, the profit of the company rose to Rs. 60.5 crore or Rs 605.6 million from Rs. 60.2 crore or Rs 602.20 million in the same quarter, previous year.
Consolidated total revenues for the quarter climbed 49.70% to Rs 1,261.10 million compared with the prior year period.
Its consolidated net sales were up by 4.6% at Rs 361.9 crore versus Rs 346 crore on QoQ basis.
On standalone basis, the company reported a 11.69% drop in net profit for the quarter ended December 2008. During the quarter, the profit of the company declined to Rs 600.70 million from Rs 680.24 million in the same quarter, previous year.
Net sales for the quarter rose 5.88% to Rs 2,247.70 million, while total income for the quarter rose 5.70% to Rs 2,349 million, when compared with the prior year period.
The company reported earnings of Rs 3.70 a share during the quarter, registering 11.90% decline over prior year period.
Notional exchange loss stood at Rs 22.65 crore versus Rs 61.3 crore on FCCB liability of $150 million.
EBIDTA was up by 6.5% to Rs 126 crore. Margins went up at 34.8% versus 34.1%.
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