Sanofi Q4 net profit surges to Rs. 81 cr

The company has posted a net profit of Rs. 80.6 crore for the quarter ended March 31, 2016 as compared to Rs. 64.5 crore reported in the same period a year ago. 

Sanofi India Ltd, a subsidiary of French pharma giant Sanofi SA, has announced the financial results for the quarter ended March 31, 2016.

The company has posted a net profit of Rs. 80.6 crore for the quarter ended March 31, 2016 as compared to Rs. 64.5 crore reported in the same period a year ago.

Total Income has increased from Rs. 508.3 crore for the quarter ended March 31, 2015 to Rs. 570 crore for the quarter ended March 31, 2016.

Sanofi India Ltd is currently trading at Rs. 4393.85, up by Rs. 72.45 or 1.68% from its previous closing of Rs. 4321.4 on the BSE.

The scrip opened at Rs. 4355.95 and has touched a high and low of Rs. 4502.75 and Rs. 4280 respectively. So far 35855(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 9952.18 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4651.1 on 13-Nov-2015 and a 52 week low of Rs. 3091 on 12-May-2015. Last one week high and low of the scrip stood at Rs. 4462 and Rs. 4118.6 respectively.

The promoters holding in the company stood at 60.4 % while Institutions and Non-Institutions held 29.51 % and 10.1 % respectively.

The stock is currently trading above its 100 DMA. 

Ajanta Pharma Q4 PAT jumps 43%

Revenue from operations grew 14% at Rs. 426 cr. against Rs. 372 cr. 

Ajanta Pharma Board of Directors approved Q4 & FY 2016 results.

Q4 FY 2016 performance highlights (Consolidated)

Revenue from operations grew 14% at Rs. 426 cr. against Rs. 372 cr.

EBITDA growth of 6% at Rs. 141 cr. against Rs. 133 cr., EBITDA at 33% of revenue.

Profit before tax grew 14% at Rs. 131 cr. against Rs. 115 cr.

Profit after tax grew 43% at Rs. 106 cr. against Rs. 74 cr., PAT at 25% of revenue

FY 2016 performance highlights (Consolidated)

Revenue from operations grew 17% at Rs. 1,728 cr. against Rs. 1,474 cr.

EBITDA growth of 15% at Rs. 581 cr. against Rs. 505 cr., EBITDA at 34% of revenue.

Profit before tax grew 20% at Rs. 547 cr. against Rs. 456 cr.

Profit after tax grew 30% at Rs. 401 cr. against Rs. 310 cr., PAT at 23% of revenue.

ICICI Bank Q4 net profit at Rs.702 crore; below estimates

Total Income has increased from Rs. 162347.30 mn for the quarter ended March 31, 2015 to Rs. 185908.60 mn for the quarter ended March 31, 2016 

ICICI Bank posted results for the fourth quarter ended 31st March, 2016.

The net profit for the quarter was at Rs.702 crore.

Total Income has increased from Rs. 162347.30 million for the quarter ended March 31, 2015 to Rs. 185908.60 million for the quarter ended March 31, 2016.

The Bank has posted a net profit of Rs. 97262.90 million for the year ended March 31, 2016 as compared to Rs. 111753.50 million for the year ended March 31, 2015.

 Total Income has increased from Rs. 612672.70 million for the year ended March 31, 2015 to Rs. 680624.80 million for the year ended March 31, 2016.

Net NPA was at Rs.12,963 crore.

The board approves part stake sale in ICICI Life Via IPO.

Total Capital Adequacy Ratio was at 16.64%.

The Provisions was at Rs.3,326.2 crore as against Rs.2,844 Cr (QoQ), Vs Rs.1,344.7 Cr (YoY).

The Board of Directors of the Bank at its meeting held on April 29, 2016, inter alia, has recommended dividend of Rs. 100/- per preference share on 350 preference shares of the face value of Rs. 1 crore each; and dividend of Rs. 5/- (Rupees five) per equity share of face value of Rs. 2/- each, subject to requisite approvals.

ICICI Bank Ltd is currently trading at Rs. 237.65, down by Rs. 2.5 or 1.04% from its previous closing of Rs. 240.15 on the BSE.

The scrip opened at Rs. 240.1 and has touched a high and low of Rs. 241.5 and Rs. 234.7 respectively. So far 19594911(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 139650.69 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 337.35 on 06-May-2015 and a 52 week low of Rs. 180.8 on 26-Feb-2016. Last one week high and low of the scrip stood at Rs. 257.15 and Rs. 239.05 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 65.43 % and 9.36 % respectively.

The stock is currently trading above its 200 DMA.

HCC down 3%; Q4 net profit at Rs. 191.40 mn

The Company posted a net profit of Rs. 191.40 mn for the quarter ended March 31, 2016 as compared to Rs. 206.50 million for the quarter ended March 31, 2015. 

HCC Ltd stock was lower by 3% at Rs. 21.The Company posted a net profit of Rs. 191.40 mn for the quarter ended March 31, 2016 as compared to Rs. 206.50 million for the quarter ended March 31, 2015. 

Total Income has increased from Rs. 11606.70 mn for the quarter ended March 31, 2015 to Rs. 12197.60 mn for the quarter ended March 31, 2016.

The scrip opened at Rs. 22.15 and has touched a high and low of Rs. 22.3 and Rs. 21.3 respectively. So far 809315(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1714.15 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 33.15 on 29-Apr-2015 and a 52 week low of Rs. 16.35 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 22.75 and Rs. 21.2 respectively.

The promoters holding in the company stood at 36.07 % while Institutions and Non-Institutions held 23.9 % and 40.03 % respectively.

The stock is currently trading above its 200 DMA.

Rupee opens at 66.48 against US Dollar

On global front, US stock indices tumbled on Thursday, as investors continued to react to weaker-than-estimated corporate earnings and disappointing economic data. 

The Indian rupee opened higher by 3 paise at 66.48/$ against US Dollar on Friday as against the previous close of 66.52/$.

On global front, US stock indices tumbled on Thursday, as investors continued to react to weaker-than-estimated corporate earnings and disappointing economic data.

Sentiment further weakened on news that US gross domestic product (GDP) grew by only 0.5% in the first quarter, its slowest pace in two years. Economists had projected 0.7% expansion.

Asia markets opened lower on the final trading day of the week, following a nearly 1 percent or more decline in US equities overnight.

On Thursday, Indian rupee closed lower due to heavy capital outflows from the domestic equity market. 

Granules India Q4 net profit surges 48%

The Company‟s Board of Directors has proposed a final dividend of 20 paise /share of face value of Rs. 1each. 

Granules India Ltd., a growing pharmaceutical manufacturing company, announced results for its fourth quarter ended 31st March, 2016.

Financial Highlights for Q4 FY16 (Consolidated):-

Revenue: Rs. 373 Cr., an increase of 5% compared to Rs. 355 Cr. in Q4FY15

EBITDA: Rs. 80 Cr., an increase of 55% compared to Rs. 52 Cr. in Q4FY15

Net Profit: Rs. 33 Cr., an increase of 48% compared to Rs. 22 Cr. in Q4FY15

The Company‟s Board of Directors has proposed a final dividend of 20 paise /share of face value of Rs. 1each.

“While we were strengthening our foundation last year, we simultaneously worked towards building a

momentum for the future. We had a gentle top line growth but bottom line excelled with improved margins, validating our excellence in operational efficiency. Last year, we witnessed the commercialization of ourCRAMS business, ANDA approval for Ibuprofen Rx and the construction of a new capacity in addition to augmentation of R&D initiatives. This year and the year to come, we look forward to build a strong and agileGranules India‟, which will emerge as an efficient pharmaceutical manufacturing partner with a key focuson Research and Development.” said Krishna Prasad Chigurupati, Chairman & Managing Director, Granules India Limited.

Top 15 stocks in focus today: ICICI Bank, Lupin, Idea Cellular

Check out the companies which will be in focus during trade today based on recent and latest news developments. 

ICICI Bank: ICICI Bank India’s largest private sector bank, will announce its Q4 numbers today. IIFL estimates that the bank’s net profit is likely to plunge to Rs. 2,315 crore, at a rate of 21% yoy and 23% qoq.

Lupin: The company has announced the re-introduction of Methergine (methylergonovine maleate) Oral Tablets 0.2mg for the prevention and management of postpartum hemorrhage (PPH).

Marico: Marico will announce its Q4 numbers today. IIFL estimates the company’s net profit to soar to Rs.140 crore, at a rate of 27.4% yoy; however, the same is expected to fall 29.1% qoq.

Berger Paints India Ltd: Berger Paints India Ltd and Nippon Group of Japan have signed formal agreements to “transfer” some of their automotive paints businesses in India to their existing joint venture (JV).

Jewellery Stocks in focus:The Government in Rajya Sabha on Thursday refused to rollback 1% excise duty on non-silver jewellery, saying that luxury items cannot be kept out of tax ambit for perpetuity.

Dabur India: The company’s consolidated revenue stood at Rs. 2,161.30 crore, up 10.85% yoy and 1.61% qoq.

Essel Propack: Essel Propack, global leader in laminated plastic tubes, reported consolidated net profit of Rs.41.45 crore for the quarter ended March 31, 2016, registering decline of 8.72% yoy and 3.47% qoq.

Atul Ltd: Akzo Nobel NV has proposed to set up a joint venture (JV) with Atul Ltd to manufacture monochloroacetic acid (MCA), a key raw material for crop protection and other chemicals, in India. The company will announce its Q4 numbers today.

Idea Cellular: The net profit of the company plunged 24.7% to Rs.575.6 crore in Q4 compared with Rs.764.2 crore in Q3.EBITDA margin was at 38.1% vs 34.7% qoq, whereas EBITDA surged 15.6% to Rs.3,616 crore vs Rs.3,128 crore qoq.

Jubilant FoodWorks: Jubilant Consumer offloaded 3.6% stake in Jubilant FoodWorks, which operates Domino's Pizza and Dunkin Donuts chains, for over Rs. 303 crore through an open market transaction, as per media reports.

Ambuja Cements: The company reported 4.4% decline in net profit at Rs.304 crore for the quarter ended March 31, compared with Rs.318 crore in the same period last year.

Tata Elxsi: The company’s standalone revenue stood at Rs. 293.95 crore, up 7.25% qoq and 27.1% yoy.

ACC: ACC, country's largest cement and concrete maker, reported consolidated net profit of Rs. 226.95 crore for the quarter ended March 31, 2016, registering decline of 4.05% yoy but growth of 121.65% qoq.

Tata Power: Tata Power announced the successful commissioning of its 44 MW Lahori wind farm project, located in Shajapur district of Madhya Pradesh.

HCC: Hindustan Construction Company Ltd posted a net profit of Rs. 191.40 mn for the quarter ended March 31, 2016 as compared to Rs. 206.50 million for the quarter ended March 31, 2015.

Can Fin Homes: Can Fin Homes, home loan providers, reported standalone net profit of Rs. 47.44 crore for the quarter ended March 31, 2016, registering growth of 107.28% yoy and 12.47% qoq.

SQS India: The company’s consolidated revenue stood at Rs. 72.20 crore, up 7.6% qoq and 37.29% yoy.

Astra Microwave: Astra Microwave, one of the leading defence goods providers in the country, will announce its Q4 results today.IIFL estimates the company’s net profit to be at Rs.10 crore, which constitutes 89.9% rise yoy and 26.4% decline qoq.

Steel Strips Wheels: The company posted a net profit at Rs.18.49 crore for the Quarter ended March 31, 2016.The net sales for the quarter was at Rs.308.8 crore for the quarter ended March 31, 2016.

Sensex, Nifty to open on a flat note

The world and its market seemed to have been stunned with Bank of Japan which left its monetary policy unchanged. Investors had earlier priced in a strong probability of BOJ unleashing more monetary stimulus. 

The world and its market seemed to have been stunned with Bank of Japan which left its monetary policy unchanged. Investors had earlier priced in a strong probability of BOJ unleashing more monetary stimulus. The economy is struggling from abysmally low growth and the need of the hour is more aid from the central bank. Further adjustments on account of F&O expiry further contributed to selling pressure on Dalal Street resulting in the Sensex logging one of its worst performance in recent weeks. HCL Tech results too disappointed the street.  Nifty lost 150 pts on last day of April series at 7847, largely driven by banking and metals heavyweights. BankNifty was up another 3.5% expiry to expiry (eoe) and Nifty was up 1% (eoe) basis. Rollovers on Nifty stood at ~67% vs 60% previous expiry (provisional data), which suggests that general bias is on the long side despite the sharp correction.

The outlook is a flat start. Global cues are not helping really. S&P 500 lost 0.92% while Dow Jones was down 1.16%. Nasdaq nosedived by 1.19%. The Indian indices begin May series with build-up seen at 8200 calls and 7700 puts. Perhaps this could be the trading band for the May series. ICICI Bank, IDFC, Marico and Interglobe Aviation results will be in focus today. Indices tend to show a recovery on most Fridays and investors will hope the same happens today.

India Ratings and Research (Ind-Ra) has revised its gross domestic product (GDP) growth forecast for FY17 downwards to 7.7% from its earlier forecast of 7.9%. Despite favourable prospects for agriculture due to an above normal monsoon, industrial recovery is proving to be a drag on the FY17 growth prospect.

During the 12th Plan period, a target of 88,537 MW excluding 30,000 MW of Renewal Energy Source, was fixed for capacity addition. Against this, cumulative capacity addition of 84,990.7 MW has been achieved as on 31.03.2016, says  Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy in a written reply to a question in the Lok Sabha.

RBI has released Minutes of Meeting Of Tech Advisory Committee on Monetary Policy. Members noted that global risks were worrying as global growth is slowing. US growth is likely to be around 2 per cent in 2016 and recovery in European Union and Japan will be muted. China’s real growth is below 7 per cent and is likely to fall below 5 per cent in about 3 years, although there was a view that China’s technocrats would ensure that the targeted growth of 6.5 per cent is achieved, says RBI.

Marico: Q4 earnings to rise yoy; fall qoq

IIFL estimates the company’s net profit to soar to Rs.140 crore, at a rate of 27.4% yoy; however, the same is expected to fall 29.1% qoq 

Marico, one of India’s leading FMCG companies, will announce its financial results on April 29 for the fourth quarter ended March 31, 2016.

IIFL estimates the company’s net profit to soar to Rs.140 crore, at a rate of 27.4% yoy; however, the same is expected to fall 29.1% qoq. 
 
As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to increase to Rs.1,370 crore, at a rate of 11.7% yoy; however, the same is likely to tumble 12% qoq.  

Operating profit margin is likely to be at 16.2%, with a yoy rise of 221 bps.

According to IIFL, the past couple of quarters had witnessed lower commodity prices, which aided the consumer companies significantly in the form of lower COGS (Cost of Goods Sold) inflation or deflation in some cases. Though raw‐material prices remain benign, headroom for further gross margin expansion in Q4FY16 seems limited compared with Q4 FY15.

Our preview coverage universe of 374 companies, representing ~75% of India’s equity market cap is expected to report 4.2% yoy drop in net profit in Q4 FY16. On a qoq basis, profits will rise by 17% on account of low base of preceding two quarters, which had witnessed sequential PAT declines.

Other key quarterly results on April 29 include Astra Mircowave, Ajanta Pharma, Atul Ltd, InterGlobe Aviation, ICICI Bank, Oberoi Realty, Sanofi India, and Shriram Transport Finance. 

Rajesh Exports bags Rs.780 crore export order

The scrip opened at Rs. 576 and has touched a high and low of Rs. 583.95 and Rs. 570.8 respectively. 

Rajesh Exports Ltd has announced that it has bagged Rs. 780 crores worth export order.

Rajesh Exports Ltd is currently trading at Rs. 578.5, up by Rs. 7.05 or 1.23% from its previous closing of Rs. 571.45 on the BSE.

The scrip opened at Rs. 576 and has touched a high and low of Rs. 583.95 and Rs. 570.8 respectively. So far 133093(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 16874.92 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 745.5 on 18-Feb-2016 and a 52 week low of Rs. 217.9 on 28-Apr-2015. Last one week high and low of the scrip stood at Rs. 605 and Rs. 535 respectively.

The promoters holding in the company stood at 53.91 % while Institutions and Non-Institutions held 20.96 % and 25.13 % respectively.

The stock is currently trading below its 100 DMA.

Reliance Industries ties up with Star Cotspin

As per the agreement, Reliance's Recron SHT will be the basic substrate for polyester sewing threads manufactured by Star Cotspin. 

Reliance Industries Ltd (RIL) has entered into a pact with Bhilwara-based Star Cotspin Ltd, according to reports.

As per the agreement, Reliance's Recron SHT will be the basic substrate for polyester sewing threads manufactured by Star Cotspin. 

Apart from branding the products, RIL will also provide marketing and technical support to Star Cotspin.

The scrip opened at Rs. 1019.7 and has touched a high and low of Rs. 1019.7 and Rs. 1013.4 respectively. So far 860002(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 330513.96 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1089.5 on 15-Jan-2016 and a 52 week low of Rs. 819 on 24-Aug-2015. Last one week high and low of the scrip stood at Rs. 1051.5 and Rs. 1008 respectively.

The promoters holding in the company stood at 45.15 % while Institutions and Non-Institutions held 32.38 % and 19.5 % respectively.

The stock is currently trading above its 50 DMA.