India Equity Analysis, Reports, Recommendations, Stock Tips and more!
Search Now
Recommendations
Wednesday, July 31, 2013
HCL Technologies Ltd has posted results for the first quarter ended 30th June, 2013.
The net profit for the quarter stood at Rs12.10bn.
Q4 other income was at Rs1.75bn, while sales is at Rs69.44bn.
Total Income has increased from Rs 210370.50 mn for the year ended June 30, 2012 to Rs 258876.70 mn for the year ended June 30, 2013.
The company has announced that the Board of Directors of the Company at its meeting held on July 31, 2013, inter alia, has recommended a final dividend of Rs.6/- per equity share of Rs.2/- each of the Company for the year ended June 30, 2013.
The company said that its Board of Directors has appointed Ms. Roshni Nadar Malhotra as the Additional Director of the Company w.e.f. July 29, 2013.
“Fy’13 results have demonstrated significant business momentum, non- linearity and record customer satisfaction. HCL continues to excel in agility and innovation with a Business Model that is resilient in a dynamic environment,” said Shiv Nadar, Chairman & Chief Strategy Officer, HCL Technologies.
“An exceptional growth of 22% during the Financial Year has propelled HCL’s Revenue past the INR 25000 crore milestone. HCL continues to lead the industry in profitable growth, with seven successive quarters of Net Income Margin expansion, having reported 62% growth in Net Income this year. We have consolidated our leadership position in the Infrastructure Management Services and verticals like Financial Service and Lifesciences & Healthcare,” said Anant Gupta, President & CEO, HCL Technologies.
“Backed by another strong quarter, we closed our Financial Year on a positive note. Our Net Income margin expanded by 400 bps and touched a five year high of 16%. Our Return on Equity for the year has been 34% which is amongst the best in the industry. EBITDA to Free Cash Flow conversion has been at a healthy 68%," said Anil Chanana, CFO, HCL Technologies.
During the quarter, HCL booked in excess of US$ 1 Billion, including 12 multi- year deals from F500/G2000 clients. These were primarily from Manufacturing, Financial Services and Lifesciences & Healthcare verticals. Focus on disruptive new propositions like EFaaSTM, ALT ASM, Enterprise of Future and Innovation Monetization continue to drive our differentiation in the transformational renewal market.
Bharti Airtel Q1 PAT at Rs6.89bn
Bharti Airtel Ltd has posted results for the first quarter ended 30th June, 2013.
The PAT for the quarter stands at Rs6.89bn, up 35%
Q1 sales is at Rs202.64bn, down 1%.
The net debt is at $9.8bn.
HCL Technologies in spotlight after Q1 results
On a consolidated basis, HCL Technologies' net profit rose 16.3% to Rs 1210 crore on 8.1% increase in revenues to Rs 6944 crore in Q4 June 2013 over Q3 March 2013.
"FY'13 results have demonstrated significant business momentum, non- linearity and record customer satisfaction. HCL continues to excel in agility and innovation with a Business Model that is resilient in a dynamic environment," said Shiv Nadar, Chairman & Chief Strategy Officer, HCL Technologies.
"An exceptional growth of 22% during the Financial Year has propelled HCL's Revenue past the INR 25000 crore milestone. HCL continues to lead the industry in profitable growth, with seven successive quarters of Net Income Margin expansion, having reported 62% growth in Net Income this year. We have consolidated our leadership position in the Infrastructure Management Services and verticals like Financial Service and Lifesciences & Healthcare," said Anant Gupta, President & CEO, HCL Technologies.
"Backed by another strong quarter, we closed our Financial Year on a positive note. Our Net Income margin expanded by 400 bps and touched a five year high of 16%. Our Return on Equity for the year has been 34% which is amongst the best in the industry. EBITDA to Free Cash Flow conversion has been at a healthy 68%," said Anil Chanana, CFO, HCL Technologies.
Jindal Steel & Power's (JSPL) consolidated net profit rose 28.27% to Rs 494.28 crore on 2.65% decline in total income to Rs 4593.55 crore in Q1 June 2013 over Q1 June 2012. The result was announced after market hours on Tuesday, 30 July 2013.
JSPL's board of directors at a meeting held on Tuesday, 30 July 2013, inter alia, has authorized sub-committee of board of directors of the company to examine a buy-back of shares from the existing shareholders of the company and to seek or cause to be sought requisite clarifications, consents and approvals (including without limitation, from the lenders to the company), and to accordingly provide their recommendations in this regard to the board of directors for further consideration and evaluation and for taking such formal decision or action as the board of directors may deem fit, pursuant to applicable laws, market conditions and other relevant considerations.
IT stocks will be watched after the rupee weakened sharply below the psychological 60 per dollar mark on Tuesday, 30 July 2013. The currency settled at 60.49 per dollar, down 1.76% from the previous close of 59.42. A weak rupee boosts revenue of IT firms in rupee terms as the sector derives a lion's share of revenue from exports.
Shares of public sector oil marketing companies (PSU OMCs) will also be in the spotlight as the falling rupee increases costs of importing oil. PSU OMCs import about 70-75% of their crude oil needs and rely heavily on foreign currency borrowings, which largely remain unhedged.
Indian Oil Corporation (IOC) will be in focus on media reports that the cabinet is likely to consider the proposal for sale of 10% of government's stake in IOC today, 31 July 2013.
Marico said its shareholders approved the proposed scheme of arrangement between the company and Marico Kaya Enterprises. The shareholders also approved the utilization of Securities Premium Account of Marico in order to adjust the difference, being the excess of book value of assets over the book value of liabilities of the Kaya Business of Marico being demerged into Marico Kaya Enterprises. A special resolution was duly passed approving the same.
Andhra Bank, Bharti Airtel, Chambal Fertilisers & Chemicals, HCL Technologies, ICICI Bank, Jagran Prakashan, JSW Steel, Karnataka Bank, NHPC, Petron Engineering Construction, Piramal Life Sciences, Religare Enterprises and Tata Investment Corporation will unveil April-June 2013 results on Wednesday, 31 July 2013.
Petronet LNG's net profit declined 16.81% to Rs 225.32 crore on 19.87% growth in total income to Rs 8459.44 crore in Q1 June 2013 over Q1 June 2012. The result was announced after market hours on Tuesday, 30 July 2013.
IFCI's net profit fell 41.12% to Rs 55.11 crore on 15.76% decline in total income to Rs 561.53 crore in Q1 June 2013 over Q1 June 2012. The result was announced after market hours on Tuesday, 30 July 2013.
NTPC's board of directors at a meeting held on Tuesday, 30 July 2013, accorded the investment approval for Feroze Gandhi Unchahar Thermal Power Project (1x500 MW) to be implemented in Uttar Pradesh at an appraised current estimated cost of Rs 3363.12 crore.
State-run National Fertilizers will be watched as the Government of India (GoI) announced its plan to sell approximately 7.64% of the total paid-up equity share capital in the state-run company through an offer for sale (OFS) of 3.74 crore equity shares of face value of Rs 10 each of the company. The OFS would take place on a separate window of Stock Exchanges today, 31 July 2013, from 9:15 IST to 15:30 IST. The floor price for the OFS has been fixed as Rs 27 per share. The GoI currently holds 97.64% stake in National Fertilizers. On successful completion of OFS, the GoI's stake in the company would come down to 90% thereby adhering to Sebi's minimum public shareholding rule of 10% in public firms by 8 August 2013.
Grasim Industries turns ex-dividend today, 31 July 2013, for dividend of Rs 22.50 per share for the year ended 31 March 2013 (FY 2013).
Nestle India turns ex-dividend today, 31 July 2013, for interim dividend of Rs 18 per share for the year ending 31 December 2013.
Speciality Restaurants turns ex-dividend today, 31 July 2013, for dividend of Re 1 per share for the year ended 31 March 2013 (FY 2013).
Market may edge lower in early trade
The market may edge lower in early trade tracking mostly down Asian stocks. Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could fall 16 points at the opening bell.
Bharti Airtel, HCL Technologies, ICICI Bank, and JSW Steel will unveil April-June 2013 quarter results today, 31 July 2013.
Jindal Steel & Power's (JSPL) consolidated net profit rose 28.27% to Rs 494.28 crore on 2.65% decline in total income to Rs 4593.55 crore in Q1 June 2013 over Q1 June 2012. The result was announced after market hours on Tuesday, 30 July 2013.
JSPL's board of directors at a meeting held on Tuesday, 30 July 2013, inter alia, has authorized Sub Committee of board of directors of the company to examine a buy-back of shares from the existing shareholders of the company and to seek or cause to be sought requisite clarifications, consents and approvals (including without limitation, from the lenders to the company), and to accordingly provide their recommendations in this regard to the board of directors for further consideration and evaluation and for taking such formal decision or action as the board of directors may deem fit, pursuant to applicable laws, market conditions and other relevant considerations.
NTPC's board of directors at a meeting held on Tuesday, 30 July 2013, accorded the investment approval for Feroze Gandhi Unchahar Thermal Power Project (1x500 MW) to be implemented in Uttar Pradesh at an appraised current estimated cost of Rs 3363.12 crore.
Petronet LNG's net profit declined 16.81% to Rs 225.32 crore on 19.87% growth in total income to Rs 8459.44 crore in Q1 June 2013 over Q1 June 2012. The result was announced after market hours on Tuesday, 30 July 2013.
IFCI's net profit fell 41.12% to Rs 55.11 crore on 15.76% decline in total income to Rs 561.53 crore in Q1 June 2013 over Q1 June 2012. The result was announced after market hours on Tuesday, 30 July 2013.
Grasim Industries turns ex-dividend today, 31 July 2013, for dividend of Rs 22.50 per share for the year ended 31 March 2013 (FY 2013).
Nestle India turns ex-dividend today, 31 July 2013, for interim dividend of Rs 18 per share for the year ending 31 December 2013.
The Government of India (GoI) has intimated to the stock exchanges its intention to offload stake aggregating to approximately 7.64% of the total paid-up equity share capital in National Fertilizers through an offer for sale (OFS) of 3.74 crore equity shares of face value of Rs 10 each of the company. The OFS would take place on a separate window of Stock Exchanges on Wednesday, 31 July 2013, from 9:15 IST to 15:30 IST. The floor price for the OFS has been fixed as Rs 27 per share. The GoI currently holds 97.64% stake in National Fertilizers. On successful completion of OFS, the GoI's stake in the company would come down to 90% thereby adhering to Sebi's minimum public shareholding rule of 10% in public firms by 8 August 2013.
Meanwhile, the ruling Congress party approved on Tuesday the creation of a new Telangana state, a move that has revived deep political divisions and raised fears of violence in the area, home to global firms including Google. The decision to break up Andhra Pradesh and establish Telangana comes ahead of elections next year.
Key benchmark indices dropped for fifth day in a row on Tuesday, 30 July 2013 after the Reserve Bank of India (RBI) kept its key lending rate viz. the repo rate steady after a monetary policy review, as the central bank focused on managing the currency volatility rather than pushing for growth. The S&P BSE Sensex lost 244.94 points or 1.25% to 19,348.34 on that day, its lowest closing level since 10 July 2013.
Foreign institutional investors (FIIs) bought shares worth a net Rs 256.45 crore on Tuesday, 30 July 2013, as per provisional data from the stock exchanges.
Asian stocks fell on Wednesday before US economic growth data and the conclusion of a Federal Reserve policy meeting today, 31 July 2013. Key benchmark indices in Japan, Singapore, South Korea, Indonesia and Taiwan fell by 0.16% to 0.69%. Key benchmark indices in Hong Kong and China rose by 0.31% to 0.95%.
Meanwhile, the results of two separate surveys on Chinese manufacturing activity in July are due tomorrow, 1 August 2013.
Taiwan's economy expanded at a faster-than-estimated pace in the second quarter as domestic consumption improved, even as a slowdown in China damps the outlook for the island's exports. Gross domestic product rose 2.27% from a year earlier after increasing 1.67% in the first quarter, the statistics bureau said in a preliminary report in Taipei today.
US stocks closed mixed to higher on Tuesday in quiet trading as many investors remained on the sidelines ahead of the Federal Reserve's Wednesday announcement on interest rates and monetary policy.
The Federal Open Market Committee's (FOMC) two-day policy meeting ends today, 31 July 2013, with expectations that it will offer further clues on how long it will maintain its bond purchases. In his two-day testimony to Congress, which concluded on 18 July 2013, Federal Reserve Chairman Ben Bernanke said plans to taper asset purchases were not on a preset path and stressed intentions to be very responsive to data. Additionally, Bernanke said recent data have been "mixed" and it was "way too early" to make a judgment on when the central bank will slow down the pace of its asset purchases. The Fed currently buys $85 billion a month in government and mortgage bonds in an effort to keep interest rates low and stimulate economic growth.
In Europe, the European Central Bank (ECB) and the Bank of England (BoE) will announce their policy decisions tomorrow, 1 August 2013.
Subscribe to:
Posts (Atom)