UPL Q3 PAT rises 15% at Rs.286.7 crore

The company's total income increased 3.9% to Rs.3,181.9 crore for the quarter ended Dec. 31, 2015 compared with Rs.3,060.7 crore in the same quarter last year

UPL on Friday reported a 15% increase in net profit at Rs.286.7 crore for the third quarter that ended on December 31, 2015.

The company had reported a net profit of Rs.249.2 crore for the corresponding quarter last year.

Total income increased 3.9% to Rs.3181.9 crore for the quarter ended Dec. 31, 2015 compared with Rs.3060.7 crore in the same quarter last year.

Net sales in third quarter stood at Rs. 3,050 crore, up 1.3% from Rs.3,010 crore in the same quarter last year.

On a standalone basis, the company posted a net profit after tax of Rs. 42.9 crore for the quarter ended December 31, 2015 compared with Rs. 79.3 crore for the quarter ended December 31, 2014. Total Income has increased from Rs. 1293.6 crore for the quarter ended December 31, 2014 to Rs. 1411.9 crore for the quarter ended December 31, 2015.

Stock view:

UPL Ltd is trading at Rs. 427.4, up by Rs. 16.9 or 4.12% from its previous closing of Rs. 410.5 on the BSE.

The scrip opened at Rs. 414.9 and has touched a high and low of Rs. 429.5 and Rs. 410.75 respectively. So far 896260 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 17594.21 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 576 on 11-Aug-2015 and a 52 week low of Rs. 349 on 28-Jan-2015. Last one week high and low of the scrip stood at Rs. 420.95 and Rs. 384.5 respectively.

The promoters holding in the company stood at 29.8 % while Institutions and Non-Institutions held 56.67 % and 13.53 % respectively.

The stock is currently trading below its 200 DMA.

Yes Bank Q3 net profit up 25% at Rs. 675.7 crore

Total income has increased from Rs. 35084.70 mn for the quarter ended December 31, 2014 to Rs. 41221.20 mn for the quarter ended December 31, 2015.

Yes Bank Ltd posted a net profit of Rs. 6757.40 mn for the quarter ended December 31, 2015 compared with Rs. 5402.90 mn for the quarter ended December 31, 2014. 

Total Income has increased from Rs. 35084.70 mn for the quarter ended December 31, 2014 to Rs. 41221.20 mn for the quarter ended December 31, 2015.

Gross NPA for the quarter was at 0.66% Vs 0.61 (QoQ)

Commenting on the results and financial performance, Rana Kapoor, Managing Director & CEO, YES BANK said, “ YES Bank has delivered yet another consistent quarter of sustained financial performance driven by steady increase in NII on the back of an improving retail franchise,improvements in NIM, RoA, RoE and overall preservation of asset quality.

The Bank continues to build granularity and longevity in deposits demonstrated by Retail & CASA deposits contribution of 53.9% as on December 31, 2015 on the back of strong SA deposits growth of 64.1% y-o-y. The CASA ratio improved sequentially by 1.1% in the quarter to 26.6%. The Bank is committed to building a strong Retail franchise through continued investments in People,

Technology & Digical Infrastructure.

The Bank continues to show resilience on all Asset Quality parameters with an improving outlook going forward with credit costs for FY 2015-16 being contained within 50 bps (previous credit costguidance of 50-70 bps).

Given the improving macroeconomic environment along with stable Asset quality and accelerating Retail franchise momentum, the Bank is well placed to capture Market share across Retail and Corporate segments at an enhanced pace.”

Q3FY16 Performance highlights

Balance Sheet

Deposits: Total Deposits grew by 23.1% to Rs. 101,437.2 crore as at December 31, 2015. The Bank’s Balance Sheet grew by 19.8% to Rs. 147,754.0 crore as at December 31, 2015. The Bank’s CD ratio

stood at 83.2% as at December 31, 2015.

Current and Savings Account (CASA) deposits grew by 45.1% y-o-y to Rs. 27,019.4 crore taking the CASA ratio to 26.6% as at December 31, 2015 up from 22.6% as at December 31, 2014. Further, SA deposits grew by 64.1% to Rs.17,867.5 crore from Rs. 10,888.2 crore as at December 31, 2014.

Advances: Total Advances grew by 26.7% to Rs. 84,396.2 crore as at December 31, 2015. Corporate Banking accounted for 67.2% of the Advances portfolio, while Retail & Business Banking constituted 32.8%.

Gujarat Pipavav gains 2.6% despite Q3 net profit plunging 40%

The company posted a net profit of Rs. 533 mn for the quarter ended December 31, 2015 compared with Rs. 893.177 mn for the quarter ended December 31, 2014.

Gujarat Pipavav Port Ltd stock was up 3% at Rs. 158.The company posted a net profit of Rs. 533 mn for the quarter ended December 31, 2015 compared with Rs. 893.177 mn for the quarter ended December 31, 2014. 

Total Income has decreased from Rs. 1896.122 mn for the quarter ended December 31, 2014 to Rs. 1718.378 mn for the quarter ended December 31, 2015.

The scrip opened at Rs. 153.9 and has touched a high and low of Rs. 159.9 and Rs. 152.25 respectively. So far 237801(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 7457.06 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 262 on 06-Apr-2015 and a 52 week low of Rs. 136.6 on 30-Dec-2015. Last one week high and low of the scrip stood at Rs. 157.55 and Rs. 144 respectively.

The promoters holding in the company stood at 43.01 % while Institutions and Non-Institutions held 49.36 % and 7.63 % respectively.

The stock is currently trading below its 200 DMA.

Granules India rises 2.6%; Q3 net profit up 15%

The company reported a consolidated net profit of Rs. 27.15 crore for the quarter ended December 31, 2015, growing 15.22% yoy.

Granules India Ltd stock was up by 2.6% at Rs. 116. The company reported consolidated net profit of Rs. 27.15 crore for the quarter ended December 31, 2015, registering growth of 15.22% yoy.

The company’s standalone sales during the quarter were Rs. 317 crore. 

The scrip opened at Rs. 113.15 and has touched a high and low of Rs. 117.25 and Rs. 112.2 respectively. So far 705839 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2368.87 crore.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 164.45 on 01-Dec-2015 and a 52 week low of Rs. 75.2 on 28-Apr-2015. Last one week high and low of the scrip stood at Rs. 124.3 and Rs. 112 respectively.

The promoters holding in the company stood at 48.43 % while Institutions and Non-Institutions held 8.27% and 43.3% respectively.

The stock is currently trading above its 50 DMA.

Bank of Japan introduces negative interest rate

The bank will apply a negative interest rate of -0.1 percent to current accounts of financial institutions.

At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided to introduce "Quantitative and Qualitative Monetary Easing (QQE) with a Negative InterestRate" in order to achieve the price stability target of 2 percent at the earliest . The bank will likely pursue monetary easing by making full use of possible measures in terms of three dimensions: quantity, quality, and interest rate.

The bank will apply a negative interest rate of -0.1 percent to current accounts of financial institutions. It will cut interest rates further if necessary.

Specifically, the bank will adopt a three-tier system in which the outstanding balance of each financial institution's current account at the bank will be divided into three tiers, of which, a positive interest rate, a zero interest rate, or a negative interest rate will be applied to each of the accounts.

The bank will carry out a loan support program, the funds-supplying pperation to support financial institutions in disaster areas affected by the Great East Japan Earthquake, and the funds-supplying operations against pooled collateral at zero interest rates.

Tide Water Oil plunges 5%; Board declares stock split and bonus issue

The board approved a bonus issue of shares to the company's existing shareholders in the ratio of 1:1.

Tide Water Oil was lower by 5% at Rs. 24959. The board approved a proposal to split every one share of face value Rs 10 each into two shares of face value Rs 5 each, subject to shareholder approval. 

The board also gave its consent to a bonus issue of shares to the company's existing shareholders in the ratio of 1:1.

The scrip opened at Rs. 27560 and has touched a high and low of Rs. 27560 and Rs. 24959 respectively. So far 6041 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2285.66 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 33269 on 07-Jan-2016 and a 52 week low of Rs. 12251 on 23-Mar-2015. Last one week high and low of the scrip stood at Rs. 27995 and Rs. 22843 respectively.

The promoters holding in the company stood at 26.22 % while Institutions and Non-Institutions held 11.19 % and 62.6 % respectively.

The stock is currently trading below its 50 DMA.

Yes Bank, Glenmark pharma, Maruti Suzuki among 20 Stocks in focus today

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

 Yes Bank: The bank will announce its Q3 result today. IIFL forecasts the bank’s net revenue for Q3 FY16 to increase to Rs. 1,134 crore, growing at 24.7% yoy and 2.3% qoq.

Glenmark pharmaceuticals: Glenmark pharma reported consolidated net profit of Rs. 170.22 crore for the quarter ended December 31, 2015, registering growth of 48.40% yoy.

Maruti Suzuki India: Maruti Suzuki India, India's largest car maker, reported standalone net profit of Rs. 1,019.30 crore for the quarter ended December 31, 2015, registering growth of 27.07% yoy.

JSW Steel:  The company will announce its Q3 result today.  IIFL forecasts the company’s net revenue for Q3 FY16 to plunge to Rs. 9,319 crore, at a rate of 29.5% yoy and 14.6% qoq.    

ICICI Bank: ICICI Bank, India's largest private sector bank, reported standalone net profit of Rs. 3,018.13 crore for the quarter ended December 31, 2015, registering growth of 4.46% yoy.

Bharti Airtel: Bharti Airtel reported consolidated net profit of Rs. 1,116.90 crore for the quarter, registering decline of 22.25% yoy.

HCC: HCC is open to selling more assets in its bid for a leaner balance sheet and more cash, reports a financial newspaper. The company reported standalone net profit of Rs. 19.38 crore for the quarter, registering decline of 28.59% yoy

Igarashi Motors: Igarashi Motors India Ltd, manufacturers of small, permanent magnet DC motors, reported standalone net profit of Rs. 14.73 crore for the quarter ended December 31, 2015, registering growth of 15.23% yoy.

Punj Lloyd: The company said its joint venture (JV) firm Limak has bagged orders worth Rs27.80bn from TANAP Dogalgaz Iletim AS in Turkey.

Eclerx: The company will announce its Q3 result today.  According to IIFL estimates, the company’s net profit for Q3 FY16 is likely be around Rs. 92.5 crore, a rise of 52.1 % yoy and a dip of 0.5% qoq.

Vedanta: The company reported consolidated net profit of Rs. 17.91 crore for the quarter, registering decline of 98.87% yoy.

Dabur India: Dabur India, leading consumer goods manufacturer, reported consolidated net profit of Rs. 318.54 crore for the quarter ended December 31, 2015, registering growth of 12.65% yoy.


Gabriel India: The company will announce its Q3 result today.  IIFL forecasts the company’s net revenue for Q3 FY16 to decline to Rs. 350 crore at a rate of 2.7% yoy and 6.8% qoq.

PC Jeweller: Foreign institutional investors (FIIs) can now invest up to 49 per cent of the paid-up capital of PC Jeweller, the Reserve Bank of India said.

Infosys: Infosys has made an investment of US $4 million in Waterline Data Science, a leading provider of data discovery and data governance software.

Blue Star: Blue Star, a leading consumer electronics firm, will announce its Q3 results today. According to IIFL estimates, the company’s net profit for Q3 FY16 is likely be around Rs. 14 crore, a rise of 122.2% yoy.

Jagran Prakashan: Jagran Prakashan will announce its Q3 result today.  IIFL forecasts the company’s net revenue for Q3 FY16 to increase to Rs. 573 crore, at a rate of 21.7% yoy and 10.2% qoq. 

Gayatri Projects Limited: The company plans to monetise more completed road assets in its efforts to reduce the company debt and then retrain its focus on EPC business.

Titan: Titan reported an 18.4% jump in net profit to Rs.225 crore in the fiscal third quarter, benefiting from higher demand generated by discounts in the festive season.

Indian Hume Pipe: Indian Hume Pipe Company Ltd will announce its Q3 result today.  IIFL expects net profit to increase to Rs. 13 crore, growing at a rate of 4.8% yoy and 85.7% qoq.    

EIL: The government fixed the floor price of Rs. 189 per share for selling its 10% shareholding in Engineers India Ltd that would fetch it about Rs. 637 crore.

Century Plyboards (India): Century Plyboards (India) plywood and veneer manufacturers, reported standalone net profit of Rs. 41.59 crore for the quarter ended December 31, 2015, registering growth of 0.54% yoy.

Majesco: The company announced that Clear Blue Financial Holdings LLC has selected Majesco to implement an MGA partner integration portal and an operational data store (ODS) as important foundational components to enable their program business growth strategies.

United Bank of India: United Bank of India plans to raise up to Rs. 1,500 crore through Qualified Institutional Placement, rights or public issue.

Firstsource: Firstsource announced that it has acquired the BPO division of US-based mortgage technology and services firm ISGN.

Sterlite Technologies: Sterlite Technologies , leading power & telecom products manufacturer, reported standalone net profit of Rs. 41.91 crore for the quarter, registering growth of 81.74% yoy.

Praj Industries: The company will announce its Q3 result today.  IIFL expects net revenue to increase to Rs. 261 crore at 18.8% yoy and 28.3% qoq.

Siemens: Siemens will announce its Q3 result today. IIFL expects net revenue to increase to Rs. 2,349 crore at 7.5% yoy; however, it is expected to fall 28.8% qoq.

SQS India: SQS India reported consolidated net profit of Rs. 7.4 crore, registering decline of 27.45% qoq.

Suzlon Energy: Suzlon Energy will announce its Q3 result today.  IIFL expects net revenue to increase to Rs. 261 crore at 18.8% yoy and 28.3% qoq. IIFL expects net profit to increase to Rs. 120 crore, growing at 3.4% qoq.

SBBJ: SBBJ Ltd reported net profit of Rs. 206 Cr (YoY) crore for the third quarter ended December 31, 2015 as compared to Rs. 163.4 Cr (YoY.)

Emami: The company’s consolidated revenue stood at Rs. 788.53 crore, clocking growth of 13.91% yoy.

Adlabs Entertainment: Adlabs Entertainment’s standalone net loss widened to Rs. 25.19 crore for the quarter as compared to net loss of Rs.22.39 crore in the corresponding quarter of the previous year, but narrowed from Rs. 34.72 crore in the preceding quarter. 

Gujarat Pipavav Port: Gujarat Pipavav Port, largest container terminal operaters, reported standalone net profit of Rs. 53.30 crore for the quarter ended December 31, 2015, registering decline of 40.33% yoy.

Granules India: Granules India, pharmaceutical manufacturing company, reported consolidated net profit of Rs. 27.15 crore for the quarter ended December 31, 2015, registering growth of 15.22% yoy.

Jyothy Laboratories: Jyothy Laboratories, fastest growing consumer goods provider in India, reported consolidated net profit of Rs. 38.99 crore for the quarter, registering growth of 47.37% yoy.

Aegis Logistics: Aegis Logistics, integrated logistics solution provider, reported consolidated net profit of Rs. 29.92 crore for the quarter ended December 31, 2015, registering decline of 23.4% yoy.

Apar Industries: Apar Industries reported standalone net profit of Rs. 68.02 crore for the quarter, jumping over 26 folds yoy and nearly three-folds qoq.

Sensex rallies over 100 points; Nifty above 7,450

Some buying activity is seen in consumer durables, metal, power, IT, pharma and teck sectors, while banking, auto and finance sector are showing weakness on BSE. The BSE Mid-cap Index is trading up 0.50% at 10,262, whereas BSE Small-cap Index is trading up 0.33% at 10,789.

At 9:21 AM, the S&P BSE Sensex is trading at 24,616 up 146 points, while NSE Nifty is trading at 7,467 up 42 points.

The BSE Mid-cap Index is trading up 0.50% at 10,262, whereas BSE Small-cap Index is trading up 0.33% at 10,789.

Some buying activity is seen in consumer durables, metal, power, IT, pharma and teck sectors, while banking, auto and finance sector are showing weakness on BSE.

Data expected for the day includes GDP and core sector numbers. Global cues are mixed for now. US stock indices advanced on Thursday on the back of strong earnings from the likes of Facebook and higher oil prices. Except for Vedanta, most of the Indian ADRs ended flat to negative. The S&P 500 rose 0.6%, the Dow gained 0.8% and Nasdaq closed nearly a percent higher. Crude oil futures leapt by more than 7% following reports that Russia and the OPEC would discuss a potential output cut. Oil surrendered most of those gains after a news report said that OPEC officials had denied plans for a meeting.

Reliance had a good run in recent times and that has kept  Mukesh Ambani firm among the top 50 in world's wealthiest list. Azim Premji and Dilip Shanghvi are the others on the coveted list.

Fitch Ratings says that rating outlooks are improving in most sectors in developed market regions but worsening in emerging markets (EM), where they have fallen for the last five years and are now more negative than for their developed market equivalents in core sectors.  Fitch expects global economic growth to rise modestly to 2.6% in 2016, from 2.3% in 2015.

The Government announced the 20 winners of the Smart City Challenge competition for financing during this financial year. Minister of Urban Development M.Venkaiah Naidu said that the winners were from 11 States and the Union Territory of Delhi and the selection was totally objective and transparent based on standardized processes.

During the second tranche of Sovereign Gold Bond (SGB) Scheme from 18th January, 2016 to 22nd January, 2016, as per initial figures, 3.16 lakh applications were received for a total subscription of 2790 Kilograms of gold amounting to Rs. 726 crore by the Banks.