LIC Housing Finance Q4 PAT at Rs. 448 crore; up 18.5%

The company's total income has increased from Rs. 108288.847 million for the year ended March 31, 2015 to Rs. 125025.789 million for the year ended March 31, 2016. 

LIC Housing Finance Ltd has announced the following results for the quarter & year ended March 31, 2016.

The company has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 16676.960 million for the year ended March 31, 2016 as compared to Rs. 13956.093 million for the year ended March 31, 2015. Total Income has increased from Rs. 108288.847 million for the year ended March 31, 2015 to Rs. 125025.789 million for the year ended March 31, 2016.

The Audited Standalone results for the Quarter ended March 31, 2016

The Company has posted a net profit of Rs. 4480.174 million for the quarter ended March 31, 2016 as compared to Rs. 3781.832 million for the quarter ended March 31, 2015. Total Income has increased from Rs. 28605.925 million for the quarter ended March 31, 2015 to Rs. 32739.410 million for the quarter ended March 31, 2016.

The Audited Standalone results for the Year ended March 31, 2016

The Company has posted a net profit of Rs. 16607.905 million for the year ended March 31, 2016 as compared to Rs. 13861.887 million for the year ended March 31, 2015. Total Income has increased from Rs. 107986.551 million for the year ended March 31, 2015 to Rs. 124854.568 million for the year ended March 31, 2016.

The company has informed BSE that the Board of Directors of the Company at its meeting held on April 18, 2016, inter alia, approved recommendation of dividend for financial year 2015-2016 @ 275% i.e. Rs. 5.50 per equity share of Rs. 2/-each. The dividend on equity shares, will be paid on or after August 20, 2016.

Stock price:

LIC Housing Finance Ltd is currently trading at Rs. 483.15, up by Rs. 2.35 or 0.49% from its previous closing of Rs. 480.8 on the BSE.

The scrip opened at Rs. 482.6 and has touched a high and low of Rs. 490 and Rs. 479.7 respectively. So far 2108404(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 24263.57 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 526 on 06-Aug-2015 and a 52 week low of Rs. 389 on 25-Feb-2016. Last one week high and low of the scrip stood at Rs. 487.4 and Rs. 461.9 respectively.

The promoters holding in the company stood at 40.31 % while Institutions and Non-Institutions held 33.66 % and 26.03 % respectively.

The stock is currently trading above its 200 DMA.

Lupin launches Generic Femhrt tablets in US

Lupin's Fyavolv Tablets (Norethindrone Acetate and Ethinyl Estradiol Tablets USP, 0.5 mg/0.0025 mg and 1 mg/0.005 mg) are the AB rated generic equivalent of Warner Chilcott's Femhrt® Tablets (Norethindrone Acetate and Ethinyl Estradiol Tablets USP, 0.5 mg/0.0025 mg and 1 mg/0.005 mg)

Pharma Major Lupin Limited (Lupin) announced that its US subsidiary, Lupin Pharmaceuticals Inc. has launched its FyavolvTM Tablets (Norethindrone Acetate and Ethinyl EstradiolTablets USP, 0.5 mg/0.0025 mg and 1 mg/0.005 mg) having received an approval from the United States Food and Drug Administration (FDA) earlier to market a generic version of Warner Chilcott's Femhrt Tablets (Norethindrone Acetate and Ethinyl Estradiol Tablets USP, 0.5 mg/0.0025 mg and 1 mg/0.005 mg).

Lupin's Fyavolv Tablets (Norethindrone Acetate and Ethinyl Estradiol Tablets USP, 0.5 mg/0.0025 mg and 1 mg/0.005 mg) are the AB rated generic equivalent of Warner Chilcott's Femhrt® Tablets (Norethindrone Acetate and Ethinyl Estradiol Tablets USP, 0.5 mg/0.0025 mg and 1 mg/0.005 mg). It is indicated for the treatment of moderate to severe vasomotor symptoms due to menopause and prevention of postmenopausal osteoporosis.Femhrt had US sales of USD 39 million (IMS MAT December 2015).

Persistent Systems likely to post strong dollar growth in Q4

Persistent Systems, one of India’s leading information technology services providers, will announce its financial results on April 24 for the fourth quarter ended March 31, 2016. 

Persistent Systems, one of India’s leading information technology services providers, will announce its financial results on April 24 for the fourth quarter ended March 31, 2016.

IIFL estimates that the company’s net profit is expected to be at Rs. 84 crore, a 7.5 % rise qoq and 10.8 % on yoy basis.

As per IIFL’s forecast, the company is expected to register a net revenue of Rs. 628 crore, surging 26.1 % yoy and 6.0 % qoq. 

Operating Profit Margin of the company is likely to be at 18.8 %, a 144 bps fall on yoy basis.

Persistent is expected to post strong dollar growth of 7‐8% qoq driven by improvement in underlying organic growth momentum and partial revenue contribution from the recently announced IBM deal.

The fourth quarter of a fiscal year has typically been a soft period for India IT companies. According to IIFL, IT will experience mixed results; divergence on account of client/sector specific issues, ability to capitalize on increasing digital spends, success in client mining/acquisition and execution progress on large deals in hand. The reported dollar revenue growth would also be impacted marginally from the adverse cross currency movements during the quarter.

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. 

Reliance Jio announces 8,100 km cable system

Reliance Jio announces the launch of a new, state of the art 8,100 km cable system, the Bay of Bengal Gateway (BBG). BBG provides direct connectivity to South East Asia and the Middle East, then onward to Europe, Africa and Far East Asia through seamless interconnection with existing cable systems. 

Reliance Jio announces the launch of a new, state of the art 8,100 km cable system, the Bay of Bengal Gateway (BBG). BBG provides direct connectivity to South East Asia and the Middle East, then onward to Europe, Africa and Far East Asia through seamless interconnection with existing cable systems. Reliance Jio owns and operates the strategically important undersea cable landing facility in Chennai, providing a high-speed, high-capacity, low latency route connecting India to the rest of the world.

“We are excited about the launch of BBG as it offers not just direct connectivity in and out of India through Chennai and Mumbai but also acts as a state-of-the-art 100 Gbps extension of Jio’s 100 Gbps core network,” said Mathew Oommen, President Reliance Jio. “This global connectivity brings key international content hubs closer to our customers, delivering a much richer experience as an important part of driving India’s broadband adoption, enabling consumers to shift away from the current high-cost low value propositions.”

Providing robust, reliable, low latency connectivity, BBG strengthens one of the fastest growing global internet routes. BBG has deployed the latest submarine cable 100Gbps transmission technology, utilizing wavelength add/drop branching units along the route, with an initial equipped capacity of 9 terabits per second. In addition to Reliance Jio, the BBG partners include: Dialog Axiata, Etisalat, Omantel, Telecom Malaysia, and Vodafone.

BBG is one of the new cable systems in the region in which Reliance Jio has invested as part of its broadband plans. 

TCS to announce Q4 FY16 results on April 18, 2016

IIFL estimates that the company’s net profit is expected to be at Rs. 6,329 crore, a 3.6% rise qoq while a decline of 2.4% yoy. 

Tata Consultancy Services Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 18, 2016, inter alia, to approve and take on record the audited financial results of the Company for the year ended March 31, 2016 and approve and take on record the audited consolidated financial results of the Company and its subsidiaries for the year ended March 31, 2016.

The board will recommend a final dividend, if any, on the equity shares of the Company for the year ended March 31, 2016 for the approval of the shareholders at the ensuing Annual General Meeting.

IIFL estimates that the company’s net profit is expected to be at Rs. 6,329 crore, a 3.6% rise qoq while a decline of 2.4% yoy. As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to surge to Rs. 28,511 crore, growing at 17.7% yoy and 4.2% qoq.  Operating Profit Margin is likely to be at 28.6%, with a yoy fall of 61 bps. 

Tata Consultancy Services Ltd is currently trading at Rs. 2505.7, down by Rs. 17.45 or 0.69% from its previous closing of Rs. 2523.15 on the BSE.

The scrip opened at Rs. 2449 and has touched a high and low of Rs. 2510 and Rs. 2449 respectively. So far 2101840(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 497168.53 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2769 on 05-Oct-2015 and a 52 week low of Rs. 2119 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 2543.4 and Rs. 2412.15 respectively.

The promoters holding in the company stood at 73.42 % while Institutions and Non-Institutions held 21.99 % and 4.59 % respectively.

The stock is currently trading above its 200 DMA.

Infosys climbs 6.4% post Q4 results; hits 52-week high

Infosys net profit for the quarter stood at Rs. 3,597 crore as against Rs. 3,465 crore qoq. The IT firm registered a net revenue of Rs. 16,550 crore in Q4 as compared to Rs. 15,902 core in Q3 FY16.

Infosys climbed 6.4% to Rs. 1247 on Monday after the company announced its financial results for the quarter ended March 31, 2015.

The net profit for the quarter stood at Rs. 3,597 crore as against Rs. 3,465 crore qoq. The IT firm registered a net revenue of Rs. 16,550 crore in Q4 as compared to Rs. 15,902 core in Q3 FY16.

The Consolidated EBIT Margin stood at 25.5% in Q4 as compared to 24.9% in Q3.

The stock hit a 52-week high value of Rs. 1267.90 after the opening bell on Monday.

The scrip opened at Rs. 1245.55 and has touched a high and low of Rs. 1267.9 and Rs. 1239.1 respectively. So far 3874358(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 269213.4 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week low of Rs. 932.55 on 10-Jul-2015. Last one week high and low of the scrip stood at Rs. 1214.85 and Rs. 1151.4 respectively.

The promoters holding in the company stood at 13.07 % while Institutions and Non-Institutions held 57.18 % and 12.48 % respectively.

The stock is currently trading above its 50 DMA. 

Alkem Laboratories slumps 5%

Alkem Laboratories Ltd has stated that with respect to the recent news reports in the media in connection with 'Notification to the CHMP/EMA Secretariat of a Referral under Article 31 of Directive 2001/83/EC” (the “Directive”) made by The Federal Institute of Drug and Medical Devices (BfArM) Germany. 

Alkem Laboratories Ltd stock was lower by 5% at Rs. 1266. Alkem Laboratories Ltd has stated that with respect to the recent news reports in the media in connection with 'Notification to the CHMP/EMA Secretariat of a Referral under Article 31 of Directive 2001/83/EC” (the “Directive”) made by The Federal Institute of Drug and Medical Devices (BfArM) Germany. 

The company has clarified that Federal Institute of Drug and Medical Devices (BfArM), Germany, and the Health Care Inspectorate (IGZ), Ministry of Health of the Netherlands performed a joint inspection in March 2015 at Alkem’s Bioequivalence facility at Taloja.

The referral under Article 31 of the Directive refers to bioequivalence studies conducted for the period between March 2013 and March 2015 and in particular to bioequivalence trials of two products, of which one is commercialized and another is yet to be commercialized. We will be submitting a suitable clarifications to the European Medicines Agency (“EMA”) within the stipulated timelines to enable the Committee for Medicinal Products for Human Use (“CHMP”) take a balanced risk-benefit view with respect to these two products.

Currently sales from Europe contributes less than 1% to Alkem’s total consolidated sales for 9MFY16.

TCS drops 2.3% ahead of Q4 results

TCS, the largest IT firm of the country will post its financial results for the quarter ended March 31, 2016 on April 18, 2016. 

Tata Consultancy Services (TCS) dropped 2.3% to Rs. 2465.05 after the opening bell on Monday. The largest IT firm of the country will post its financial results for the quarter ended March 31, 2016 on April 18, 2016.

The IT major is likely to clock in net revenue of Rs. 28,511 crore, a 17.7 % rise yoy and 4.2 % gain qoq, according to IIFL estimates. The Operating Profit Margin (OPM) is estimated to be at 28.6 % with a rise of 25 bps qoq. However, IIFL estimates a drop of 61 bps in OPM on yoy basis. TCS is likely to register a net profit of Rs. 6,329 crore, 2.4 % dip yoy while a 3.6 % rise qoq.

TCS received a jury verdict in a recently completed jury trial in a lawsuit filed by Epic Systems in the court of Western District Madison, Wisconsin.

It is expected that the trial judgment will be entered in the case in the next six to eight weeks, following which the parties can file an appeal within 30 days after the judgment is filed.

The scrip opened at Rs. 2449 and has touched a high and low of Rs. 2491.85 and Rs. 2449 respectively. So far 809006(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 497168.53 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2769 on 05-Oct-2015 and a 52 week low of Rs. 2119 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 2543.4 and Rs. 2412.15 respectively.

The promoters holding in the company stood at 73.42 % while Institutions and Non-Institutions held 21.99 % and 4.59 % respectively.

The stock is currently trading above its 200 DMA. 

Alembic Pharma tanks 7%; US FDA makes four observations

The scrip opened at Rs. 565 and has touched a high and low of Rs. 565.95 and Rs. 515.55 respectively. 

Alembic Pharma Ltd stock was lower by 7% at Rs. 525.US FDA makes four observations at Alembic Pharma’s Taluka plant, says a report.

The scrip opened at Rs. 565 and has touched a high and low of Rs. 565.95 and Rs. 515.55 respectively. So far 17247(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 10596.53 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 791.7 on 15-Jul-2015 and a 52 week low of Rs. 443 on 28-Apr-2015. Last one week high and low of the scrip stood at Rs. 590.85 and Rs. 543 respectively.

The promoters holding in the company stood at 74.13 % while Institutions and Non-Institutions held 12.92 % and 12.96 % respectively.

The stock is currently trading below its 200 DMA.

DCB Bank surges 5%; Q4 net profit at Rs.69.5 crore

The bank's total income has increased from Rs. 425.1 crore for the quarter ended March 31, 2015 to Rs. 509.5 crore for the quarter ended March 31, 2016. 

DCB Bank Ltd was higher by 5% at Rs. 87. The bank reported net profit of Rs.69.5 crore for the quarter ended March 31, 2016, 

registering growth of 10.4%. The bank's total income has increased from Rs. 425.1 crore for the quarter ended March 31, 2015 to Rs. 509.5 crore for the quarter ended March 31, 2016.

The bank’s standalone NII stood at Rs. 168.69 crore, up 30.09% yoy and 5.13% qoq. It's Net Interest Income (NII) for the quarter stood at Rs. 168.69 crore, clocking growth of 30.09% yoy and 5.13% qoq.

The scrip opened at Rs. 89.35 and has touched a high and low of Rs. 90.6 and Rs. 87.6 respectively. So far 1764193(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2370.3 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 150.9 on 14-Jul-2015 and a 52 week low of Rs. 68.5 on 21-Jan-2016. Last one week high and low of the scrip stood at Rs. 85.5 and Rs. 81.55 respectively.

The promoters holding in the company stood at 16.27 % while Institutions and Non-Institutions held 35.56 % and 48.17 % respectively.

The stock is currently trading above its 200 DMA.

Mindtree: Q4 FY16 earnings expected to be impressive

IIFL estimates that the company’s net revenues are likely to surge to Rs. 1,283 crore, growing at 40.1% yoy and 5.6% qoq. 

Mindtree Ltd, one of India’s largest information technology services providers, will announce its financial results on April 18 for the fourth quarter ended March 31, 2016.

IIFL estimates that the company’s net revenues are likely to surge to Rs. 1,283 crore, growing at 40.1% yoy and 5.6% qoq.

As per IIFL’s forecast, the company’s net profit for Q4 FY16 is expected to go up to Rs. 155 crore, growing at 20.5% yoy and 3.1% qoq. 

Operating Profit Margin is likely to be at 17.5%, with a yoy fall of 204 bps.

According to IIFL, given material depreciation in the rupee versus the dollar on average basis and absence of one‐off costs (present in Q3 FY16 due to Chennai floods), the operating margin for most players would expand. However, the extent would be contingent on level of revenue growth and extraction of operational efficiencies.

Other key Q4 results on April 18 include LIC Housing Finance and TCS Ltd.

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. 

Opening Bell - Sensex rallies over 150 points; Nifty above 7900-mark

At 9:15 AM, the S&P BSE Sensex is trading at 25,821 up 195 points, while NSE Nifty is trading at 7,908 up 58 points. 

At 9:15 AM, the S&P BSE Sensex is trading at 25,821 up 195 points, while NSE Nifty is trading at 7,908 up 58 points.

Infosys is set to clock gains on the bourses after it beat street estimates for the fourth time in a row. After last week’s encouraging macro data, investors will hope that wholesale price index (WPI) based inflation number for March bring in further joy. On the bourses, last week’s momentum may be missing at start as indices will look at consolidating recent.  TCS, Wipro, LIC Housing Finance, HDFC Bank, Cairn India and IndusInd Bank are some of the companies announcing their corporate numbers this week. TCS is likely to put up a better performance as compared to Q3 FY16 by delivering 1.5-2% cc qoq growth. The rupee could see some weakness.

Maruti Suzuki is planning to post yet another year of double-digit growth, with forecast of good monsoon, upcoming salary increase to government employees as well as softening fuel prices and interest rates boosting its expectations.

S. 'Kris' Gopalakrishnan, co-founder Infosys, announced the launch of itihaasa, a first-of-its-kind digital app that recounts the history of Indian IT since the 1950s. itihaasa is one of the largest chronicles of its kind with 600 videos featuring 44 technology stalwarts.

Jaiprakash Associates Ltd is looking to hire consultants to restructure and turn around its businesses, reports a business daily. 

Results to watch out for! TCS, Mindtree, LIC Housing Finance

The results which are expected today are Tata Consultancy Services, Mindtree, LIC Housing Finance, Hindustan Oil Exploration Co.

The results which are expected today are Tata Consultancy Services, Mindtree, LIC Housing Finance, Hindustan Oil Exploration Co, Orosil Smiths India, Kreon Finnancial Services, Ashram Online.Com.

Stock view:

Tata Consultancy Services Ltd ended at Rs. 2523.15, up by Rs. 10.65 or 0.42% from its previous closing of Rs. 2512.5 on the BSE.

The scrip opened at Rs. 2525 and touched a high and low of Rs. 2543.4 and Rs. 2513.05 respectively. A total of 834559(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 497168.53 crore.

LIC Housing Finance Ltd ended at Rs. 480.8, up by Rs. 2.25 or 0.47% from its previous closing of Rs. 478.55 on the BSE. The scrip opened at Rs. 480.6 and touched a high and low of Rs. 487.4 and Rs. 479.6 respectively. A total of 3016504(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 24263.57 crore.

LIC Housing Finance Q4 earnings: A good show in offing

IIFL estimates that the company’s net revenues are likely to increase to Rs. 874 crore, growing at 28% yoy and 11% qoq 

LIC Housing Finance Ltd, one of India’s leading housing finance firm in NBFC space, will announce its financial results on April 18 for the fourth quarter ended March 31, 2016.

IIFL estimates that the company’s net revenues are likely to increase to Rs. 874 crore, growing at 28% yoy and 11% qoq.

As per IIFL’s forecast, the company’s net profit for Q4 FY16 is expected to soar to Rs. 458 crore, growing at 21% yoy and 9% qoq. 

Operating Profit Margin is likely to be at 2.7%, with a yoy surge of 21 bps.

Other key Q4 results on April 18 include Mindtree and TCS Ltd.

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.