VA Tech Wabag: Q4 Operating profit set to increase

As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to surge to Rs.1076 crore, at a rate of 18.5% yoy and 70.6% qoq.

VA Tech Wabag Ltd, pure-play water technology provider, will announce its financial results on May 26 for the fourth quarter ended March 31, 2016.

IIFL estimates the company’s net profit to go up to Rs.81 crore, at a rate of 14.1% yoy and 330.4% qoq.

As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to surge to Rs.1076 crore, at a rate of 18.5% yoy and 70.6% qoq.

Operating profit margin is likely to be at 13.6%, with a yoy jump of 87 bps and 628 bps qoq.

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 May 26 include Banco Products India, Deepak Fertilisers & Petrochemicals Corporation, EIH Ltd, Finolex Cables, Hathway Cable, HT Media, Ingersoll‐Rand India, Mphasis, Natco, ONGC, Rashtriya Chemicals & Fertilizers, Sagar Cement, Salzer Electronics, Shipping Corporation Of India Ltd, Shree Cement, Sterlite Technologies, Subros Ltd, Tata Chemicals, Trent and Union Bank of India.

Va Tech Wabag Ltd is currently trading at Rs. 569.5, up by Rs. 8 or 1.42% from its previous closing of Rs. 561.5 on the BSE.

The scrip opened at Rs. 561.6 and has touched a high and low of Rs. 575.1 and Rs. 561 respectively. So far 41209(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3059.97 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 833 on 06-Jul-2015 and a 52 week low of Rs. 409.3 on 01-Mar-2016. Last one week high and low of the scrip stood at Rs. 591 and Rs. 552.3 respectively.

The promoters holding in the company stood at 28.94 % while Institutions and Non-Institutions held 52.44 % and 18.61 % respectively.

The stock is currently trading above its 200 DMA.

Yes Bank up after CCEA approval to raise foreign investment limit

The Cabinet Committee on Economic Affairs approved YES Bank’s proposal to increase foreign investment limit in the bank to 74%.

YES Bank shares gained after the Cabinet Committee on Economic Affairs on Wednesday approved YES Bank’s proposal to increase foreign investment limit in the bank to 74 per cent, entailing FDI inflows of $1 billion (Rs 6,885 crore).

YES Bank Ltd is currently trading at Rs. 1007.35, up by Rs. 11.15 or 1.12% from its previous closing of Rs. 996.2 on the BSE.

The scrip opened at Rs. 996 and has touched a high and low of Rs. 1012.5 and Rs. 996 respectively. So far, 1514560(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 41932.48 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1000 on 17-May-2016 and a 52 week low of Rs. 590 on 24-Aug-2015. Last one week, high and low of the scrip stood at Rs. 998 and Rs. 964.15 respectively.

The promoters holding in the company stood at 21.91 % while Institutions and Non-Institutions held 65.51 % and 12.58 % respectively.

The stock is currently trading above its 50 DMA.

ONGC: Q4 earnings set to disappoint

IIFL estimates the company’s net profit to plunge to Rs. 2,478 crore, at a rate of 37.% yoy; however, the same is likely to rise 92.7% qoq.

Oil & Natural Gas Corporation (ONGC) one of the largest oil & gas companies in India, will announce its financial results on May 26 for the fourth ended March 31, 2016.

IIFL estimates the company’s net profit to plunge to Rs. 2,478 crore, at a rate of 37% yoy; however, the same is likely to rise 92.7% qoq.

As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to tumble to Rs. 15,591 crore, at a rate of 28% yoy and 15.7% qoq.               

Operating profit margin is estimated to be at 42.4%, with a yoy fall of 505 bps. 

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 May 26 include Banco Products India, Deepak Fertilizers & Petrochemicals Corporation, EIH Ltd, Finolex Cables, Hathway Cable, HT Media, Ingersoll‐Rand India, Mphasis, Natco, ONGC, Rashtriya Chemicals & Fertilizers, Sagar Cement, Salzer Electronics, Shipping Corporation Of India Ltd, Shree Cement, Sterlite Technologies, Subros Ltd, Tata Chemicals, Trent, Union Bank of India, and VA Tech Wabag.

Stock view:

Oil & Natural Gas Corpn Ltd is currently trading at Rs. 213.45, up by Rs. 3.25 or 1.55% from its previous closing of Rs. 210.2 on the BSE.

The scrip opened at Rs. 211.7 and has touched a high and low of Rs. 214.2 and Rs. 210.85 respectively. So far 1608740(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 179836.4 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 337.15 on 28-May-2015 and a 52 week low of Rs. 188 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 214.5 and Rs. 204.8 respectively.

The promoters holding in the company stood at 68.93 % while Institutions and Non-Institutions held 17.45 % and 13.62 % respectively.

The stock is currently trading above its 200 DMA.

Ajanta Pharma gets USFDA approval for Voriconazole Tablets

The scrip opened at Rs. 1474 and has touched a high and low of Rs. 1492.75 and Rs. 1465 respectively.

Ajanta Pharma has announced that it has received U.S. FDA approval for Voriconazole Tablets.

Ajanta Pharma Ltd is currently trading at Rs. 1475, up by Rs. 0.65 or 0.04% from its previous closing of Rs. 1474.35 on the BSE.

The scrip opened at Rs. 1474 and has touched a high and low of Rs. 1492.75 and Rs. 1465 respectively. So far 40545(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 12975.02 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1720 on 12-Aug-2015 and a 52 week low of Rs. 1103 on 18-Jan-2016. Last one week high and low of the scrip stood at Rs. 1586.5 and Rs. 1446 respectively.

The promoters holding in the company stood at 73.78 % while Institutions and Non-Institutions held 11.67 % and 14.55 % respectively.

The stock is currently trading above its 50 DMA.

Engineers India Q4 net profit at Rs. 699.199 mn

Total Income has decreased from Rs. 5684.505 million for the quarter ended March 31, 2015 to Rs. 3527.019 million for the quarter ended March 31, 2016.

Engineers India Ltd posted a net profit of Rs. 699.199 mn for the quarter ended March 31, 2016 as compared to Rs. 1088.650 million for the quarter ended March 31, 2015. 

Total Income has decreased from Rs. 5684.505 million for the quarter ended March 31, 2015 to Rs. 3527.019 million for the quarter ended March 31, 2016.

The Company has posted a net profit of Rs. 2583.096 million for the year ended March 31, 2016 as compared to Rs. 3079.764 million for the year ended March 31, 2015. 

Total Income has decreased from Rs. 19861.122 million for the year ended March 31, 2015 to Rs. 17527.804 million for the year ended March 31, 2016.

Ujjivan jumps 14% on robust FY16 earnings

The company’s PAT grew by 133.83% to Rs.177.21 crore in FY16 from Rs.75.78 crore in FY15. Gross AUM increased by 64.58% at Rs.5388.60 crore, with a repayment rate of 99.81% as on 31st March 2016.

Ujjivan Financial Services, the company which recently got listed on BSE and NSE, has reported earnings for the financial year ended March 31, 2016. On the back of FY16 results, shares of Ujjivan Finance are currently trading 13.81% higher at Rs. 303.30 on BSE.

The company’s PAT grew by133.83% to Rs.177.21 crore in FY16 from Rs.75.78 crore in FY15. Gross AUM increased by 64.58% at Rs.5388.60 crore, with a repayment rate of 99.81% as on 31st March 2016.

The healthy growth in our business is mainly due to enhanced scale of operations and improved productivity of existing staff. Additionally, continuous focus on reducing the costs helped us in reporting a 134% growth in our Net Profit. This year we’ll be focusing in transition from an MFI to SFB and build all the required blocks for the same. We are excited about  our  recent investment in technology over next 5 years, sourced from IT giants for our proposed Small Finance Banking operations as it will help us support the high volume business and to meet security and compliance requirements of different regulatory authorities,"  Mr. Samit Ghosh, Managing Director & CEO said.

Ms. Sudha Suresh, CFO added, “Our IPO including Pre-IPO placements received excellent investor interest which reflects the strong level of trust and credibility of the company and its management. During the year, we maintained our focus to increase our business in MSE and Housing business while maintaining the growth in micro finance lending. The growth has been led by healthy disbursements and we are confident of  creating a strong backbone for the upcoming Small Finance Bank.”

The scrip opened at Rs. 277 and has touched a high and low of Rs. 307.9 and Rs. 275.2 respectively. So far 7025064(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3151.13 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 273.8 on 25-May-2016 and a 52 week low of Rs. 217.05 on 10-May-2016. Last one week high and low of the scrip stood at Rs. 273.8 and Rs. 253 respectively.

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

The stock is currently trading above its 200 DMA.

Thermax Q4 net profit at Rs. 1111.50 mn

Total Income has decreased from Rs. 15659.60 million for the quarter ended March 31, 2015 to Rs. 13409.70 million for the quarter ended March 31, 2016.

Thermax Ltd  posted a net profit of Rs. 1111.50 million for the quarter ended March 31, 2016 as compared to Rs. 1323.20 million for the quarter ended March 31, 2015.

Total Income has decreased from Rs. 15659.60 million for the quarter ended March 31, 2015 to Rs. 13409.70 million for the quarter ended March 31, 2016.

The Company has posted a net profit of Rs. 3055.20 million for the year ended March 31, 2016 as compared to Rs. 3359.40 million for the year ended March 31, 2015.

Total Income has decreased from Rs. 47193.30 million for the year ended March 31, 2015 to Rs. 44616.30 million for the year ended March 31, 2016.

BPCL: Q4 numbers likely to disappoint

IIFL estimates the company’s net profit to plunge to Rs.2,337 crore, at a rate of 18.1% yoy; however, the same is expected to go up 57% qoq.

Bharat Petroleum Corporation Ltd (BPCL), one of the leading oil marketing companies (OMCs), will announce its financial results on May 23 for the fourth ended March 31, 2016.

IIFL estimates the company’s net profit to plunge to Rs.2,337 crore, at a rate of 18.1% yoy; however, the same is expected to go up 57% qoq.   
 
As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to slump to Rs. 44,150 crore, at a rate of 14% yoy and 5.4% qoq.             

Operating profit margin is estimated to be at 8.4%, with a yoy fall of 32 bps. 

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 May 26 include Banco Products India, Deepak Fertilisers & Petrochemicals Corporation, EIH Ltd, Finolex Cables, Hathway Cable, HT Media, Ingersoll‐Rand India, Mphasis, Natco, ONGC, Rashtriya Chemicals & Fertilizers, Sagar Cement, Salzer Electronics, Shipping Corporation Of India Ltd, Shree Cement, Sterlite Technologies, Subros Ltd, Tata Chemicals, Trent, Union Bank of India and VA Tech Wabag.

Shipping Corporation: Q4 net profit to disappoint; but revenue to rise

IIFL estimates the company’s net profit to tumble to Rs.91 crore, at a rate of 10.3% yoy; however, the same is likely to increase 52.4% qoq.

Shipping Corporation of India, one of the leading shipping companies in India, will announce its financial results on May 26 for the fourth ended March 31, 2016.

IIFL estimates the company’s net profit to tumble to Rs.91 crore, at a rate of 10.3% yoy; however, the same is likely to increase 52.4% qoq.

As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to surge to Rs. 1,045 crore, at a rate of 0.2% yoy and 5.8% qoq.         

Operating profit margin is estimated to be at 25.9%, with a yoy fall of 127 bps. 

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 May 26 include Banco Products India, Deepak Fertilizers & Petrochemicals Corporation, EIH Ltd, Finolex Cables, Hathway Cable, HT Media, Ingersoll‐Rand India, Mphasis, Natco, ONGC, Rashtriya Fertilizers & Chemicals, Sagar Cements, Salzer Electronics, Shree Cement, Sterlite Technologies, Subros Ltd, Tata Chemicals, Trent, Union Bank of India, and VA Tech Wabag.

Top 18 stocks in focus today: Larsen & Toubro, ONGC, NALCO

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

Larsen & Toubro: Larsen & Toubro  reported consolidated net profit of Rs.2,453.64 crore for the quarter ended March 31, 2016, registering growth of 18.55% yoy and 137.11% qoq.

ONGC: Oil & Natural Gas Corporation (ONGC) one of the largest oil & gas companies in India, will announce its Q4 results today. As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to tumble to Rs. 15,591 crore, at a rate of 28% yoy and 15.7% qoq. 

NALCO: The company has decided to buyback 644.3 million shares or 25% of the paid-up capital from public shareholders. The company has fixed the buyback price at Rs.44 per share and now awaits the approval from public shareholders who hold 19.07% stake in the company. 

Union Bank of India: Union Bank of India, one of the leading public sector banks in India, will announce its financial results today. IIFL estimates the bank’s net profit to decline to Rs. 331 crore, at a rate of 25% yoy; however, the same is likely to skyrocket by 319% qoq. 

Yes Bank: The Cabinet Committee on Economic Affairs granted ex-post facto approval to the proposal of Yes Bank for increase in the foreign investment limit to 74% from the existing foreign equity of 41.87% without any sub-limits, for investment by way of issue of non-equity shares and/or other permissible instruments to eligible non-resident investors.

GAIL (India): The company’s standalone revenue stood at Rs. 11,732.36 crore, down 17.79% yoy and 12.78% qoq.

RIL: Reliance Industries Ltd and BP Plc are planning to end their disputes with the Indian government over an offshore natural gas block, according to reports.

Godrej Industries: The company has posted a net profit of Rs.317.30 million for the quarter ended March 31, 2016 as compared to Rs.439 million for the quarter ended March 31, 2015.

Tata Steel: Tata Steel stated that the sale process of its UK assets is ongoing, with some bidders continue their due diligence. The company has not given any timeline when sale process will be completed. On consolidated basis, the company reported a quarterly loss of Rs. 3,279 crore, which was Rs. 2,180 crore yoy. 

MEP Infra: The company’s EBITDA margin improved from 23.70% in FY15 to 29.70% in FY16.

Tata Consultancy Services: The IT company has announced that as a strategic partner of GE Healthcare and GE Digital, it will develop innovative digital solutions on the GE Health Cloud to deliver benefits to its customers across the healthcare industry. 

Shree Cement: Shree Cement, one of the leading cement manufacturers in India, will announce its Q4 numbers today. As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to jump to Rs.1,932 crore, at a rate of 22.5% yoy and 5.5% qoq. 

Shipping Corporation: Shipping Corporation of India, one of the leading shipping companies in India, will announce its financial results today. IIFL estimates the company’s net profit to tumble to Rs.91 crore, at a rate of 10.3% yoy; however, the same is likely to increase 52.4% qoq.

Sterlite Technologies: Sterlite Technologies, a leading infrastructure and realty firm in the country, will announce its Q4 results today. As per IIFL’s forecast, the company is expected to register a net revenue of Rs.1,268 crore, growing at 29.5% yoy and 11.8% qoq.

Mphasis: Mphasis, one of the leading IT firms in the country, will announce its financial results for the fourth quarter results today. As per IIFL’s forecast, the company is expected to register a net revenue of Rs.1,456 crore, growing at 1.9% yoy while a drop of 4% on qoq basis.

Tata Motors: Tata Motors Ltd has informed BSE that it has approved issuance of privately placed 3,000 Rated, Listed, Unsecured, 8.40% Coupon Redeemable, Non-Convertible Debentures (“NCDs”) of face value Rs. 10,00,000/- each, at par, aggregating upto Rs. 300 crores.

Jubilant Life: The company has received approval from the US health regulator for its 0.9% Sodium Chloride injection, used for diluting or dissolving drugs, in the American market.

Aditya Birla Fashion and Retail: The company reported a net loss of Rs.109.82 crore on standalone basis for the January-March quarter of 2015-16 against a loss of Rs.63.78 crore in the same period last year. The company will be entering into a binding MoU with global clothing brand Forever 21 to acquire its online and offline rights for the Indian market.

KPTL: Kalpataru Power Transmission Limited (KPTL), a leading global EPC player in the power & infrastructure contracting sector, has secured new orders/notification of approx. Rs.809 crores.