Canara Bank down, posts Q4 results

Public sector lender Canara Bank on Friday posted a standalone net loss at Rs 3,905.49 crore, for the March quarter as non-performing assets surged.

Public sector lender Canara Bank on Friday posted a standalone net loss at Rs.3,905.49 crore for the March quarter as non-performing assets surged. The bank had registered a net profit of Rs.612.96 crore in the corresponding quarter of 2014-15.

Canara Bank is currently trading at Rs. 191.8, down by Rs. 1.1 or 0.57% from its previous closing of Rs. 192.9 on the BSE.

The scrip opened at Rs. 194 and has touched a high and low of Rs. 195.6 and Rs. 188.9 respectively. So far 2258478(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 10474.3 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 359.85 on 18-Aug-2015 and a 52 week low of Rs. 156.2 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 203.1 and Rs. 178.2 respectively.

The promoters holding in the company stood at 66.3 % while Institutions and Non-Institutions held 25.7 % and 8 % respectively.

The stock is currently trading above its 200 DMA.

Buzzing stocks: Hindalco jumps, BHEL drops, Coal India up

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Muthoot Finance rallied by 9% at Rs.233.The company  posted a net profit of Rs. 2652.213 million for the quarter ended March 31, 2016 as compared to Rs. 1651.858 million for the quarter ended March 31, 2015.

BHEL dropped 3.3% to Rs.124. The company’s standalone revenue stood at Rs. 10,004.77 crore, down 21.5% yoy but up 87.86% qoq.

Tree House Education and Accessories Ltd stock was lower by 7% at Rs.72.The net profit stood at Rs.6.78 crore, while revenue from operations was at Rs.209.33 crore, for FY16.

Coal India Ltd stock was higher by 5% at Rs.294.The company posted a net profit  of Rs. 42479.30 mn for the Quarter ended March 31, 2016 as compared to Rs. 42385.50 mn for the Quarter ended March 31, 2015.

Jubilant Foodworks Ltd stock was down by 3% at Rs.1073.The Company posted a net profit of Rs. 294.663 million for the quarter ended March 31, 2016 as compared to Rs. 315.322 mn for the quarter ended March 31, 2015.

Punj Llyod Ltd stock was lower by 5% at Rs. 20.The company posted a net loss of Rs. 4679.90 million for the quarter ended March 31, 2016 as compared to net profit of Rs. 2685.30 million for the quarter ended March 31, 2015.

Aurionpro Solutions jumped 6.5% to Rs.154 after the company has secured an order from Nagpur Metro Rail Corporation.

Ipca Laboratories: Q4 earnings expected to rise

Ipca Laboratories Ltd.,fully-integrated pharmaceutical company, will announce its financial results on May 30 for the fourth quarter ended March 31, 2016.

Ipca Laboratories Ltd.,fully-integrated pharmaceutical company, will announce its financial results on May 30 for the fourth quarter ended March 31, 2016.

IIFL estimates the company’s net profit to increase to Rs.36 crore at 350% yoy and 56.5% qoq.

As per IIFL’s forecast, the company’s net revenue to go up to Rs.683 crore, increasing 8.8% qoq but declining 0.1% yoy.

Operating profit margin is likely to come in at 14.8%, with a yoy rise of 937 bps and 178 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.

Reliance Communications: Q4 numbers likely to nosedive

As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to soar to Rs.5,412 crore at 2.6% qoq; however, the same is likely to fall 5% yoy.

Reliance Communications Ltd., fourth largest telecom operator in India,  will announce its financial results on May 12 for the fourth quarter ended March 31, 2016.

IIFL estimates the company’s net profit to rise to Rs.145 crore, to fall 36.4% yoy and 15.2% qoq.

As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to soar to Rs.5,412 crore at 2.6% qoq; however, the same is likely to fall 5% yoy.    


Operating profit margin is likely to come in at 33.6%, to drop of 95 bps yoy and 18 bps on a yoy basis.

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.

Hindalco Industries surges 8% post Q4 results

The company posted a net profit of Rs. 3563.30 million for the quarter ended March 31, 2016 where as the same was at Rs. 1595.30 million for the quarter ended March 31, 2015.

Hindalco Industries Ltd stock was higher by 8% at Rs.99.The company posted a net profit of Rs. 3563.30 million for the quarter ended March 31, 2016 where as the same was at Rs. 1595.30 million for the quarter ended March 31, 2015.

Total income is Rs. 88716.60 million for the quarter ended March 31, 2016 where as the same was at Rs. 96016.30 million for the quarter ended March 31, 2015.

The scrip opened at Rs. 99.8 and has touched a high and low of Rs. 101 and Rs. 98.25 respectively. So far 11911080(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 18966.89 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 133.9 on 28-May-2015 and a 52 week low of Rs. 58.85 on 12-Feb-2016. Last one week, high and low of the scrip stood at Rs. 92.7 and Rs. 83.6 respectively.

The promoters holding in the company stood at 37.69 % while Institutions and Non-Institutions held 38.5 % and 23.81 % respectively.

The stock is currently trading above its 50 DMA.

Hindalco Industries Ltd

BATA India net profit likely to drop qoq

BATA India, a leading fast moving consumer goods firm in the country, will announce its financial results for the fourth quarter ended March 31, 2016 on May 30.

BATA India, a leading fast moving consumer goods firm in the country, will announce its financial results for the fourth quarter ended March 31, 2016 on May 30.

As per IIFL’s forecast, the company is expected to register a net revenue of Rs.570 crore, growing at 16% yoy while declining at 7.7% on qoq basis.

Operating profit margin of the company is likely to be at 12.8%, a rise of 326 bps yoy while a drop of 13 bps qoq.

IIFL estimates the company’s net profit to be at Rs.43 crore, which constitutes a rise of 36% yoy, whereas a drop of 2.9% qoq.

The year 2015 had been a challenging year for most of the FMCG companies with volume growth moderating significantly owing to a weak macro environment, sluggish rural demand (led by two consecutive monsoons and unseasonal rainfall), lukewarm urban recovery and pricing headwinds in select categories.

Key quarterly results on May 30 include APL Apollo Tubes, Atul Auto, Aurobindo Pharma, Bajaj Electricals, BATA India, Berger Paints, Blue Star, Cigniti Technologies, Fiem Industries, Reliance Communications, Tata Motors, NTPC, IPCA, Mahindra & Mahindra, among others.

IIFL 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.

Muthoot Finance rallies 9%

The company posted a net profit of Rs. 2652.213 million for the quarter ended March 31, 2016 as compared to Rs. 1651.858 million for the quarter ended March 31, 2015.

Muthoot Finance Ltd stock rallied by 9% at Rs.233.The company  posted a net profit of Rs. 2652.213 million for the quarter ended March 31, 2016 as compared to Rs. 1651.858 million for the quarter ended March 31, 2015.

Total income has increased from Rs. 11018.450 million for the quarter ended March 31, 2015 to Rs. 14512.829 million for the quarter ended March 31, 2016.

The scrip opened at Rs. 229.8 and has touched a high and low of Rs. 238.85 and Rs. 227.05 respectively. So far, 372979(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 8582.54 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 236.5 on 15-Jul-2015 and a 52 week low of Rs. 152 on 23-Sep-2015. Last one week high and low of the scrip stood at Rs. 234 and Rs. 205.2 respectively.

The promoters holding in the company stood at 74.64 % while Institutions and Non-Institutions held 20.86 % and 4.5 % respectively.

The stock is currently trading above its 50 DMA.

Atul Auto net profit likely to decline qoq

Atul Auto, a leading automobile player in the country, will announce its financial results for the fourth quarter ended March 31, 2016 on May 30.

Atul Auto, a leading automobile player in the country, will announce its financial results for the fourth quarter ended March 31, 2016 on May 30.

As per IIFL’s forecast, the company is expected to register a net revenue of Rs.128 crore, growing at 4.4% yoy while declining at 15.7% on qoq basis.

Operating profit margin of the company is likely to be at 14.4%, a gain of 221 bps yoy, whereas a drop of 217 bps qoq.

IIFL estimates the company’s net profit to be at Rs.12 crore, which constitutes a rise of 33.3% yoy and a drop 27.9% qoq.

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.

Key quarterly results on May 30 include APL Apollo Tubes, Atul Auto, Aurobindo Pharma, Bajaj Electricals, BATA India, Berger Paints, Blue Star, Cigniti Technologies, Fiem Industries, Reliance Communications, Tata Motors, NTPC, IPCA, Mahindra & Mahindra, among others.
IIFL 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.

Coal India surges 5% post Q4 results

The company posted a net profit after taxes, minority interest and share of profit of associates of Rs. 42479.30 mn for the quarter ended March 31, 2016 as compared to Rs. 42385.50 mn for the quarter ended March 31, 2015.

Coal India Ltd stock was higher by 5% at Rs.294.The company posted a net profit  of Rs. 42479.30 mn for the Quarter ended March 31, 2016 as compared to Rs. 42385.50 mn for the Quarter ended March 31, 2015. 

Total income has decreased from Rs. 230656.50 mn for the quarter ended March 31, 2015 to Rs. 228987.90 million for the quarter ended March 31, 2016.

The scrip opened at Rs. 287.9 and has touched a high and low of Rs. 293.85 and Rs. 287.9 respectively. So far 1048051(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 177710.79 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 447.25 on 05-Aug-2015 and a 52 week low of Rs. 272.05 on 12-Apr-2016. Last one week, high and low of the scrip stood at Rs. 284.5 and Rs. 277.9 respectively.

The promoters holding in the company stood at 79.65 % while Institutions and Non-Institutions held 17.14 % and 3.21 % respectively.

The stock is currently trading above its 200 DMA.