Bajaj Auto Q4 net profit at Rs. 8030.60 mn

Total Income has increased from Rs. 48936.10 million for the quarter ended March 31, 2015 to Rs. 55355.60 million for the quarter ended March 31, 2016.

Bajaj Auto Ltd posted a net profit after tax of Rs. 8030.60 mn for the quarter ended March 31, 2016 as compared to Rs. 6216.20 million for the quarter ended March 31, 2015. 

Total Income has increased from Rs. 48936.10 million for the quarter ended March 31, 2015 to Rs. 55355.60 million for the quarter ended March 31, 2016.

The Company has posted a net profit after tax of Rs. 36524.10 million for the year ended March 31, 2016 as compared to Rs. 28137.40 million for the year ended March 31, 2015. 

Total Income has increased from Rs. 221944.30 million for the year ended March 31, 2015 to Rs. 236008.60 million for the year ended March 31, 2016.

Bosch Q4 net profit rises 30.8% to Rs.376 crore

The company's total income is Rs.2,816.3 crore for the quarter ended March 31, 2016 where as the same was at Rs. 2,521 crore for the quarter ended March 31, 2015.

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

The company has posted a net profit of Rs.376 crore for the quarter ended March 31, 2016 where as the same was at Rs.287.4 crore for the quarter ended March 31, 2015.  The company's total income is Rs.2,816.3 crore for the quarter ended March 31, 2016 where as the same was at Rs. 2,521 crore for the quarter ended March 31, 2015.

The audited standalone results for the Year ended March 31, 2016.

The company has posted a net profit of Rs.1245.9 crore for the year ended March 31, 2016. Total Income is Rs.10995.4 crore for the year ended March 31, 2016


The audited consolidated results for the year ended March 31, 2016

The Group has posted a net profit after taxes and share of profit of associates of Rs.12481.20 million for the year ended March 31, 2016. Total Income is Rs.109953.90 million for the year ended March 31, 2016.

Stock commentary:

Bosch Ltd is currently trading at Rs. 21950, up by Rs. 722.7 or 3.4% from its previous closing of Rs. 21227.3 on the BSE.

The scrip opened at Rs. 21404.85 and has touched a high and low of Rs. 22133.95 and Rs. 21309.3 respectively. So far 23290(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 66653.72 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 26701 on 11-Aug-2015 and a 52 week low of Rs. 15752.65 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 21600 and Rs. 20550 respectively.

The promoters holding in the company stood at 71.18 % while Institutions and Non-Institutions held 19.32 % and 9.5 % respectively.

The stock is currently trading above its 200 DMA.

Ashok Leyland Q4 net profit at Rs.77 crore

Total Income has increased from Rs. 45429.503 million for the quarter ended March 31, 2015 to Rs. 59872.387 million for the quarter ended March 31, 2016.

Ashok Leyland Ltd posted a net profit after tax of Rs. 770.216 million for the quarter ended March 31, 2016 as compared to Rs. 2299.741 million for the quarter ended March 31, 2015. 

Total Income has increased from Rs. 45429.503 million for the quarter ended March 31, 2015 to Rs. 59872.387 million for the quarter ended March 31, 2016.

The Company has posted a net profit after tax of Rs. 7217.758 million for the year ended March 31, 2016 as compared to Rs. 3348.060 million for the year ended March 31, 2015. 

Total Income has increased from Rs. 136866.549 million for the year ended March 31, 2015 to Rs. 189314.513 million for the year ended March 31, 2016..

Ashok Leyland Ltd is currently trading at Rs. 104.35, up by Rs. 2.65 or 2.61% from its previous closing of Rs. 101.7 on the BSE.

The scrip opened at Rs. 103.3 and has touched a high and low of Rs. 105.25 and Rs. 103.2 respectively. So far 8816288(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 28942.57 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 112.8 on 13-Apr-2016 and a 52 week low of Rs. 63.95 on 16-Jun-2015. Last one week high and low of the scrip stood at Rs. 103.8 and Rs. 99 respectively.

The promoters holding in the company stood at 50.38 % while Institutions and Non-Institutions held 16.32 % and 33.3 % respectively.

The stock is currently trading above its 50 DMA.

Tata Global Beverages FY16 net profit at Rs. 326 crore

For the financial year, Income from operations at Rs 8111 Crores increased by 3% in constant currency terms.

Tata Global Beverages Ltd. today announced its results for the year ended FY 2015-16.

For the financial year, Income from operations at Rs 8111 Crores increased by 3% in constant currency terms. Profit from operations at Rs 532 Crores is lower than the previous year due to spend on new initiatives, new launches and higher competitive intensity in certain key markets. Post the impact of exceptional items, the Group Consolidated Net Profit at Rs 326 crores reflects an increase of 32%.

During the quarter the company recognized profit from sale of non-core investments. The company also recognized non-cash impairment loss mainly on goodwill relating to the branded businesses in Eastern Europe and branded tea business in the US. While the Company is actively pursuing various growth opportunities, the accounting impairment has been recognised due to factors like macro-economic instability, decline in category growth rate and higher competitive intensity. 

The year has seen strong focus on investing behind brands, growing the green tea segment and innovating for growth.

Green tea has shown growth across key markets. The Tetley Super Green tea range- the first functional green teas in UK has shown significant growth and was also awarded the “Product of the Year 2016’, the world’s largest consumer voted awards for product innovation. TGB is a market leader in green tea in India and the category continues to show good growth fueled by sustained marketing support through the year. In Australia, new flavor variants such as steamed green tea with lychee were added to the product range.

The year saw the entry of TGB into the branded coffee segment in India with the launch of Tata Coffee Grand. The product saw good consumer response and was backed by a differentiated marketing campaign which created good visibility for the brand launch. The MAP coffee brand in Australia saw good growth in the grocery sector. Eight O’ Clock coffee in the USA entered the instant coffee segment and the Roast & Ground can segment.   Tata Starbucks continues to expand steadily in India with 82 stores across 6 cities.

In the water segment, Himalayan natural mineral water revamped its website to better communicate its core brand promise of ‘Live Natural.’ The brand has engaged in impactful brand activations such as premium culinary experiences. Tata Gluco Plus, an affordable on-the-go rehydration drink, recorded very good growth after improvements made to the marketing mix and brand communication. The focus for the water business continues to be on enhancing market penetration & brand building.

Mr. Ajoy Misra, Managing Director and CEO of Tata Global Beverages, said – “Tata Global Beverages continues to leverage global trends such as health & wellness and convenience through our focus on green tea, entry into branded instant coffee and strengthening our functional waters portfolio. During the year, we have initiated key product launches, strong marketing campaigns and entry into new segments. Innovation, investing behind our brands and managing operational efficiencies will be key to growing in a challenging market environment.

Siti Cable net profit likely to drop qoq

Siti Cable, one of the leading media firms in the country, will announce its financial results for the fourth quarter ended March 31, 2016 on May 25.

Siti Cable, one of the leading media firms in the country, will announce its financial results for the fourth quarter ended March 31, 2016 on May 25.

As per IIFL’s forecast, the company is expected to register a net revenue of Rs.390 crore, growing at 52.3% yoy and 5.4% on qoq basis.

Operating profit margin of the company is likely to be at 31.5%, a rise of 2,783 bps yoy, whereas a drop of 231 bps qoq.

IIFL estimates the company’s net profit to be at Rs.55 crore, which constitutes a drop of 2.5% qoq.

Although traditionally a sequentially weak quarter, Media sector is likely to report strong performance due to content‐backed movies, digitisation, growth in new media and digital initiatives. Sector to witness strong 40% yoy jump in operating profit and 54% yoy jump in PAT.

Other key quarterly results on May 25 include Abbott India, AIA Engineering, Apar Industries, Apollo Hospitals, Ashok Leyland, Bajaj Auto, Container Corporation Of India, Cummins, Escorts, GAIL, Glaxosmithkline Pharmaceuticals, Godrej Industries, Info Edge India, L&T, Lakshmi Machine Works, Prism Cement, Thermax, TV Today, VIP Industries and Wheels India.

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.

Cipla plunges 4% post Q4 results

The company has posted a net profit after minority interest and share of profit of associates of Rs. 808.70 million for the quarter ended March 31, 2016 whereas the same was at Rs. 2596.60 million for the quarter ended March 31, 2015.

Cipla stock was lower by 4% at Rs. 476. The company has posted a net profit after minority interest and share of profit of associates of Rs. 808.70 million for the quarter ended March 31, 2016 whereas the same was at Rs. 2596.60 million for the quarter ended March 31, 2015.

The scrip opened at Rs. 0 and touched a high and low of Rs. 0 and Rs. 0 respectively. A total of 2526624(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 39763.07 crore.

The BSE group 'A' stock of face value Rs. 2 touched a 52 week high of Rs. 748 on 17-Aug-2015 and a 52 week low of Rs. 492.35 on 24-May-2016. Last one week high and low of the scrip stood at Rs. 527.5 and Rs. 492.35 respectively.

The promoters holding in the company stood at 36.78 % while Institutions and Non-Institutions held 34.17 % and 27.13 % respectively.

The stock traded below its 200 DMA.

Bharti Airtel clocks 1.2% gains on the bourses

The telecom company has entered into a definitive agreement to acquire 1800 MHz spectrum from Videocon Telecom for Rs.4,428 crore.

Bharti Airtel gained 1.2% to Rs.349.25 on BSE. The telecom company has entered into a definitive agreement to acquire 1800 MHz spectrum from Videocon Telecom for Rs.4,428 crore. 

The scrip opened at Rs. 346 and has touched a high and low of Rs. 350.75 and Rs. 346 respectively. So far 288566(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 138010.24 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 452.45 on 21-Jul-2015 and a 52 week low of Rs. 282.3 on 29-Jan-2016. Last one week high and low of the scrip stood at Rs. 352.5 and Rs. 339 respectively.

The promoters holding in the company stood at 66.74 % while Institutions and Non-Institutions held 26.75 % and 6.46 % respectively.

PI Industries Q4 net profit at Rs.953mn

Total Income has increased from Rs. 5450.80 million for the quarter ended March 31, 2015 to Rs. 5917.60 million for the quarter ended March 31, 2016.

PI Industries Ltd posted a net profit of Rs. 953 million for the quarter ended March 31, 2016 as compared to Rs. 603.20 million for the quarter ended March 31, 2015.

Total Income has increased from Rs. 5450.80 million for the quarter ended March 31, 2015 to Rs. 5917.60 million for the quarter ended March 31, 2016.

The Company has posted a net profit of Rs. 3133.60 million for the year ended March 31, 2016 as compared to Rs. 2432.50 million for the year ended March 31, 2015.

Total Income has increased from Rs. 19628.10 million for the year ended March 31, 2015 to Rs. 21176.80 million for the year ended March 31, 2016.

Tata Steel, L&T, Godrej Industries results in focus

The key quarterly results include Abbott India, AIA Engineering, Apar Industries, Apollo Hospitals, Ashok Leyland, Bajaj Auto, Container Corporation Of India, Cummins, Escorts, GAIL, Glaxosmithkline Pharmaceuticals, Godrej Industries.

The key quarterly results include are Tata Steel,  Larsen & Toubro,Gail India, AIA Engineering,Abbott India, Ashok Leyland, Bajaj Auto, Bajaj Holdings & Investment, Bosch, Container Corporation Of India, Cummins India, Escorts,  Glaxosmithkline Pharmaceuticals.

Hindustan Media Ventures, Kwality, Lakshmi Machine Works, Sharda Cropchem,  Thermax, Tv Today Network, Vip Industries, Apollo Hospitals Enterprise, Engineers India, Godrej Industries, Power Finance Corp, HCL Infosystems, Escorts.

Astrazeneca Pharma India, Siti Cable Network, Kesoram Industries, Hindustan Media Ventures, Info Edge India, Rattanindia Power,  Schneider Electric Infrastructure.

Asian markets trade higher after strong US housing data; Hang Seng up 2.5%

Japan's Nikkei 225 was up 1.8%, with shares receiving an additional boost from a relatively weaker yen against the dollar.

Asian markets are trading higher on Wednedsay.

Japan's Nikkei 225 was up 1.8%, with shares receiving an additional boost from a relatively weaker yen against the dollar. Shanghai composite up by 0.25%. Oil prices advanced on Wednesday, with global benchmark Brent futures up 1.15% to $49.17.

South Korea’s Kospi index ​is ​at 1,960.17 points (up 1.15%) and Indonesia’s Jakarta Composite ​is ​at 4,744.81points (up 0.72%).

Taiwan’s Taiex at 8,390.74 points (up 1%), Singapore’s Straits Times at 2,779.03 points (up 1%), Hong Kong’s Hang Seng at 20,325.61 points (up 2.4%), Thailand’s SET Composite at 1,392.78points (up 0.61%) and Singapore Nifty at 7,829 points (up 0.94%).

Growth seems to be picking up in US. At least data suggests that new single-family home sales in the US rose in April and prices hit a record high.  US stocks ended higher after a rally in financial and technology shares. The Dow Jones Industrial Average rallied 1.2%, while S&P 500 Index jumped 28.02 points to 2,076.06. The Nasdaq Composite Index surged 95.27 points to 4,861.06.

Bajaj Auto net profit likely to decline qoq

Bajaj Auto, one of the largest automobile players in the country, will announce its financial results for the fourth quarter ended March 31, 2016 on May 25.

Bajaj Auto, one of the largest automobile players in the country, will announce its financial results for the fourth quarter ended March 31, 2016 on May 25.

As per IIFL’s forecast, the company is expected to register a net revenue of Rs.5,189 crore, a rise of 9.5% yoy, but a drop 6.8% on qoq basis.

Operating profit margin of the company is likely to be at 20.7%, growing at 314 bps yoy while declining by 34 bps qoq.

IIFL estimates the company’s net profit to be at Rs.821 crore, which constitutes a growth of of 32% yoy while a drop of 8.9% qoq.

Although Bajaj Auto’s product mix has not changed materially, contribution of exports has dipped substantially.

According to IIFL estimates, autos are to register strong PAT growth (32.4% yoy) with most major players doing well. Auto volumes were robust across segments, except cars. OPM of most companies under coverage will rise on account of benign commodity prices and operating leverage.

Other key quarterly results on May 25 include Abbott India, AIA Engineering, Apar Industries, Apollo Hospitals, Ashok Leyland, Container Corporation Of India, Cummins, Escorts, GAIL, Glaxosmithkline Pharmaceuticals, Godrej Industries, Info Edge India, L&T, Lakshmi Machine Works, Prism Cement, Siti Cable, Thermax, TV Today, VIP Industries and Wheels India.

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.

stock view:

Bajaj Auto Ltd is currently trading at Rs. 2401.45, up by Rs. 16.95 or 0.71% from its previous closing of Rs. 2384.5 on the BSE.

The scrip opened at Rs. 2395.35 and has touched a high and low of Rs. 2403.05 and Rs. 2381 respectively. So far 26820(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 69000.28 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2655 on 23-Jul-2015 and a 52 week low of Rs. 2133.15 on 26-Aug-2015. Last one week high and low of the scrip stood at Rs. 2503.8 and Rs. 2366 respectively.

The promoters holding in the company stood at 49.29 % while Institutions and Non-Institutions held 25.97 % and 24.73 % respectively.

The stock is currently trading below its 50 DMA.

Opening Bell - Sensex jumps over 250 points; Nifty above 7800

At 9:15 AM, the S&P BSE Sensex is trading at 25,253 up 257 points, while NSE Nifty is trading at 7,812 up 62 points.

At 9:15 AM, the S&P BSE Sensex is trading at 25,253 up 257 points, while NSE Nifty is trading at 7,812 up 62 points.

The Indian rupee opened higher by 12 paise at 67.63/$ against US Dollar on Wednesday as against the previous close of 67.75/$. The rupee opened higher on increased selling of the US currency by exporters and banks amid higher opening in the domestic equity market.

Skymet has revised higher its forecast for the 2016 southwest monsoon to 109% of the long period average (LPA) from 105% of LPA predicted earlier. On Tuesday, airline stocks declined as a weak rupee heightened concerns about its impact on operating costs. Cement stocks gained on renewed buying. On the political front, on the eve of the government completing two years in office, Minister of Parliamentary Affairs M.Venkaiah Naidu said “After some avoidable disruptions of Parliament and particularly, during the Monsoon and Winter sessions last year, both the Houses have evolved to a new equilibrium i.e balance. Opposition is raising some issues with all the might they can muster but legislative work is going on. I hope this balance will continue to stay in the days ahead.”

L&T, Tata Steel earnings will be in focus. Asian markets are trading higher. Japan's Nikkei 225 was up 1.77%, with shares receiving an additional boost from a relatively weaker yen against the dollar.  Shanghai composite up by 0.33%. Oil prices advanced on Wednesday, with global benchmark Brent futures up 1.15% to $49.17.

Growth seems to be picking up in US. At least data suggests that new single-family home sales in the US rose in April and prices hit a record high.  US stocks ended higher after a rally in financial and technology shares. The Dow Jones Industrial Average rallied 1.2%, while S&P 500 Index jumped 28.02 points to 2,076.06. The Nasdaq Composite Index surged 95.27 points to 4,861.06.

Domino's Jubilant FoodWorks, Britannia, McDonald's Westlife Development will remain in focus after reports that known carcinogens were used to make majority of the breads, buns and pizza bases sold by these companies in New Delhi. Most of them have issued denials. In a statement, Britannia said it "it does not use Potassium Bromate or Iodate as an ingredient in any of its bread recipes. All Britannia Breads products are in 100% compliance to the existing food safety regulations as stipulated by FSSAI."

Ministry of Civil Aviation expects to place in a few weeks the civil aviation policy before the Cabinet for its approval, according to reports. Civil Aviation Secretary RN Choubey reportedly said that the ministry expects to send the final policy to the Cabinet in the next couple of weeks.

Top 18 stocks in focus today: L&T, Cipla, Bharti Airtel

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

Larsen & Toubro: Larsen & Toubro Ltd, one of the leading engineering and construction firms in India, will announce its Q4 numbers today. IIFL estimates the company’s net profit to plummet to Rs.1,800 crore, at a rate of 13% yoy; however, the same is likely to rise 73.9% qoq.    

Bharti Airtel: Bharti Airtel has entered into a definitive agreement to acquire 1800 MHz spectrum from Videocon Telecom for Rs.4,428 crore.

Cipla: The company has posted a net profit after minority interest and share of profit of associates of Rs. 808.70 million for the quarter ended March 31, 2016 whereas the same was at Rs. 2596.60 million for the quarter ended March 31, 2015.

Tech Mahindra: The company’s consolidated revenue stood at Rs. 6,883.73 crore, up 2.72% qoq and 12.54% yoy.

Amara Raja Batteries Ltd posted a net profit of Rs. 1086.00 million for the quarter ended March 31, 2016 as compared to Rs. 1022.60 million for the quarter ended March 31, 2015. 

Apollo Hospitals: Apollo Hospitals, one of the leading hospital-chain in India, will announce its financial results today. As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to rise to Rs.1,443 crore, at a rate of 19.9% yoy and 4.5% qoq.     
  
Bank of India: The Bank has posted a net loss of Rs.3587 crore for the quarter ended March 31, 2016 whereas the same was at Rs.56.1 crore for the quarter ended March 31, 2015.    

Tata Power: The company is planning to raise up to Rs 4,000 crore by selling corporate bonds as it aims to fund its proposed acquisition of renewable energy assets from the Welspun group, as per media reports.



Monsanto: Monsanto rejected Bayer's $62 billion takeover bid, calling it "incomplete and financially inadequate.", according to reports.The company reportedly said that a higher bid might be accepted.

MOIL: The company reported a 79% fall in standalone net profit at Rs.21.38 crore for the fourth quarter ended March 31.

Narayana Healthcare: The company has entered into agreement with Kenyan Doctors & Financial Institutions to set up a multi specialty hospital in Nairobi.

Jammu & Kashmir Bank: The bank reported a net loss of Rs.56.02 crore in the quarter ended March 31, due to rise in bad loans.

Omaxe: The company reported 21% increase in consolidated net profit to Rs.24.35 crore for the quarter ended March 31 on higher sales.

Axis Bank: Axis Bank announced that it priced US$500 million 2.875% Senior Unsecured Notes due 2021. The Notes are issued by Axis Bank’s DIFC branch, Dubai and are rated Baa3 by Moody's, BBB- by S&P and BBB- by Fitch. The deal was launched at initial price thoughts at T+175 bps but the final pricing was 15 bps tighter at T+160 bps.

Parsvnath Developers: The real estate company reported a profit of Rs.5.93 crore for the quarter ended March, 2016, as against a loss of Rs.140.9 crore in the year-ago period.

Subex: The telecom software product company reported a fivefold increase in profits at Rs.58.7 crore for the financial year ending March 31, 2016.

Ajanta Pharma: The pharma company has received final approval for the generic version of its acute migraine pain relief drug Zolmitriptan tablets from the US health regulator.

Zee Media Corporation Ltd: The company posted a consolidated net profit of Rs.18.26 crore for the fourth quarter that ended on March 31, 2016.

Jubilant Life Sciences: The pharma company reported a 65.41% rise in its consolidated net profit to Rs.70.68 crore for the quarter ended March 2016.

Rajesh Exports: Rajesh Exports has bagged an export order worth Rs10.53bn for designer range of gold and diamond studded jewellery and medallians from UAE

GSFC: Gujarat State Fertilizers and Chemicals reported a 49.50% drop in its net profit at Rs.32.57 crore for the quarter ended March 31, due to higher expenses.

Tata Global Beverage: The company reported over 27-fold jump in consolidated net profit at Rs.106.53 crore for the last quarter of 2015-16 on the back of gains from other income and exceptional items.

Ahluwalia Contracts: Ahluwalia Contracts (India) Ltd reported a consolidated net profit of Rs.26.7 crore, against Rs.17.4 crore in the same period last year.