22nd July Morning Market Updates

22nd July Morning Market Updates 8:50


Stock in news

Results today: Axis Bank, Union Bank, Allahabad Bank, Indiabulls Real Estate, NIIT, Texmaco, Jet Airways, Colgate, Godrej Properties, Praj Industries, Akzo Nobel, Motilal Oswal Services, Thermax, Mirc Electronics, Sasken Communications, Ispat Industries, Meghmani organics, Tata Elxsi

Sesa Goa Q1FY12 (cr - crore, vs - versus)-Net sales down 12% at Rs 2095 cr vs Rs 2394 cr (Estimate at Rs 2725 crore)
-EBITDA down 22% at Rs 1146 cr vs Rs 1460 cr (Estimate at Rs 1375 cr)
-EBITDA margins at 55% vs 61%
-PAT down 35% at Rs 841 cr vs Rs 1302 cr (Estimates at Rs 1125 cr)

3i Infotech Q1FY12 consolidated (QoQ)
-Net sales down 34% at Rs 479 cr vs Rs 652 cr 
-PAT down 28% at Rs 46 cr vs Rs 64 cr

Rallis India ltd Q1FY12 consolidated
-Net sales up 47% at Rs 291 cr vs Rs 198 cr
-PAT up 53% at Rs 23 cr vs Rs 15 cr 
-EBITDA doubled at Rs 37 cr vs Rs 18 cr 
-EBITDA margin at 12.7% vs 9.1%

Mahindra Lifespace Q1FY12 
-Net sales up 19% at Rs 81 cr vs Rs 68 cr 
-PAT up 19% at Rs 25 cr vs Rs 21 cr 
-EBITDA Margin at 21% vs 25%

KPIT Cummins - good numbers, margins and PAT slighltly higher than estimated Q1 (QoQ) 
-Revenues up 7% at USD 70.09 million vs USD 65.51 million
-Revenues up 6.37% at Rs 316.1 cr vs Rs 297.2 cr (Estimate - Rs 317 cr)
-EBITDA at Rs 39.7 cr vs 43.3 cr 
-EBITDA % at 12.56% vs 14.57% (Estimate 12.08%) 
-PAT down 8.5% at Rs 24.1 cr vs 26.3 cr (Estimate Rs 21.5 cr)

Indiabulls Power Q1 FY12 Consolidated (YoY) 
-Other income up 5.7 times at Rs 101 cr vs Rs 15 cr 
-Total Expenditure down 9% at Rs 9.6 cr vs Rs 10.5 cr 
-PAT at Rs 76 cr vs Rs 3 cr

DB Corp Q1FY12 YoY 
-Revenues up 18.4% to Rs 353.7 cr vs Rs 298.7 cr 
-EBITDA down 12% to Rs 100 cr vs Rs 113 cr 
-OPM 28% vs 38% 
-PAT down 15% to Rs 61 cr vs Rs 71 cr

DB Corp Q1FY12 QoQ 
-Revenues up 11.5% to Rs 353.7 cr vs Rs 317.4 cr
-EBITDA Rs 100 cr vs Rs 79.6 cr 
-OPM 28% vs 25% 
-PAT +36% to Rs 61 cr vs Rs 45 cr

Sujana Universal Industries Q1FY12 consolidated (YoY) 
-Net sales up 65% at Rs 1125 cr vs Rs 680 cr 
-PAT up 85% at Rs 12 cr vs Rs 6.5 cr

Container Corp India Q1FY12
-Income from operations up 4% at Rs 949 cr vs Rs 916 cr 
-PAT up 21% at Rs 234 cr vs Rs 194 cr  
-EBITDA margin at 25.5% vs 25.3%
-Other income up 64% at Rs 59 cr vs Rs 36 cr

Inventure Growth & Securities IPO of 70 lakh equity shares in the price range of 100-117/sh close today
-QIB's: 0.20 times (x), NII's: 1.98x, RII's: 1.55x, Overall: 0.94x

RIL : Sources
-RIL plans 12-day shutdown at KG-D6 MA field
-RIL plans maintenance of MA field floating production unit

Govt Sources -Say see no further hitch in RIL-BP deal nod
-No new conditions for RIL-BP deal nod, barring one
-BP must guarantee it will meet performance obligations
-RIL-BP deal will be taken up at next CCEA meeting

GTL Infra 
-Board oks scheme of corporate debt restructuring
-CEO a Ravi quits on personal grounds

Power Secretary says-Asked for raising bank exposure limit to power sector by 5%
-Have asked Finance Ministry to put PFC, REC on automatic route for ECB
-Looking at getting funds from banks for PFC, REC

F&O ban: Aban Offshore, ABG Shipyard, GTL, Kingfisher Airlines