Dr Lal PathLabs Q4 net profit at Rs.32.5 crore

EBITDA margin was at 27.4% as against 26% (YoY).

Dr Lal PathLabs Q4 net profit stood at Rs.32.5 crore.

EBITDA margin was at 27.4% as against 26% (YoY).

EBITDA for the quarter stood at 52.5 crore.

Dr Lal Pathlabs Ltd is currently trading at Rs. 992.6, up by Rs. 11.75 or 1.2% from its previous closing of Rs. 980.85 on the BSE.

The scrip opened at Rs. 985 and has touched a high and low of Rs. 1015 and Rs. 985 respectively. So far 26200(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 8115.85 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1045.75 on 11-Apr-2016 and a 52 week low of Rs. 696.5 on 20-Jan-2016. Last one week high and low of the scrip stood at Rs. 984 and Rs. 955 respectively.

The promoters holding in the company stood at 58.68 % while Institutions and Non-Institutions held 12.28 % and 27.17 % respectively.

The stock is currently trading above its 50 DMA.

SBI's Q4 net profit crashes 66%; Bad loan provisions at Rs.13,174 crore

The bank's total income has increased from Rs.486164.10 million for the quarter ended March 31, 2015 to Rs.535269.70 million for the quarter ended March 31, 2016.

State Bank of India has announced the following results for the quarter & year ended March 31, 2016:
The bank has posted a net profit of Rs.12638.10 million for the quarter ended March 31, 2016 as compared to Rs.37420.20 million for the quarter ended March 31, 2015.

The bank's total income has increased from Rs.486164.10 million for the quarter ended March 31, 2015 to Rs.535269.70 million for the quarter ended March 31, 2016.

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

The bank has posted a net profit of Rs.99506.50 million for the year ended March 31, 2016 as compared to Rs.131015.70 million for the year ended March 31, 2015. Total Income has increased from Rs.1749729.60 million for the year ended March 31, 2015 to Rs.1918436.70 million for the year ended March 31, 2016.


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

The bank has posted a net profit after minority interest of Rs.122245.90 million for the year ended March 31, 2016 as compared to Rs.169943 million for the year ended March 31, 2015. Total Income has increased from Rs.2572895.10 million for the year ended March 31, 2015 to Rs.2728710.30 million for the year ended March 31, 2016.

The bank has declared a dividend of Rs.2.60 per share (260%) for the Financial year ended March 31, 2016. The date of payment of the Dividend is fixed on June 22, 2016 and the dividend warrants will be dispatched before the date of payment, which will be payable, in India, at par at all branches of State Bank of India, irrespective of the amount.

Fortis Healthcare slumps 4%; board to consider SRL demerger

The Board of Directors of the company at its meeting held on May 26, 2016, have decided to assess and evaluate a de-merger of the diagnostics business of the Company, in addition to other options that may be available to unlock and monetize value inherent in this business.

Fortis Healthcare Ltd stock was lower by 4% at Rs. 167. The Board of Directors of the company at its meeting held on May 26, 2016, have decided to assess and evaluate a de-merger of the diagnostics business of the company, in addition to other options that may be available to unlock and monetize value inherent in this business. 

The scrip opened at Rs. 170.95 and has touched a high and low of Rs. 170.95 and Rs. 166.4 respectively. So far 212222(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 8045.26 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 199.2 on 05-Aug-2015 and a 52 week low of Rs. 141.1 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 192 and Rs. 165.7 respectively.

The promoters holding in the company stood at 71.28 % while Institutions and Non-Institutions held 18.1 % and 10.62 % respectively.

The stock is currently trading below its 50 DMA.

BHEL Q4: net revenue likely to soar qoq, but dip yoy

Bharat Heavy Electricals Ltd.,state-owned power plant equipment manufacturer, will announce its financial results on May 27 for the fourth quarter ended March 31, 2016.

Bharat Heavy Electricals Ltd.,state-owned power plant equipment manufacturer, will announce its financial results on May 27 for the fourth quarter ended March 31, 2016.

IIFL estimates the company’s net profit to increase to Rs.393 crore, fall of 55.8% yoy.

As per IIFL’s forecast, the company’s net revenue to go up to Rs.12,179 crore, increasing 128.7% qoq but declining of 4% yoy.

Operating profit margin is likely to come in at 5%, with a qoq rise of 3,577 bps and fall of 5 bps yoy.

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 27 include Bharat Electronics, BEML, CG, Bombay Dyeing, Canara Bank, DLF, Dr Lal Pathlabs, Dynamatic Tech, Eros International, HPCL, IMP Power, Indoco Remedies, IOCL, Oil India, PNC Infratech, Punj Lloyd, PVR,Sarda Energy, SBI, Tata Communications, TIL Ltd, and VST Tillers.

SBI: Q4 earnings to fall yoy; rise qoq

IIFL estimates the bank’s net profit to decline to Rs.1,517 crore, at a rate of 58% yoy; however, the same is likely to go up 41% qoq.

State Bank of India (SBI), the largest bank in India, will announce its financial results on May 27 for the fourth ended March 31, 2016.

IIFL estimates the bank’s net profit to decline to Rs.1,517 crore, at a rate of 58% yoy; however, the same is likely to go up 41% qoq.  

As per IIFL’s forecast, the bank’s net interest income for Q4 FY16 is expected to dip to Rs.14,221 crore, at a rate of 3% yoy; however, the same is likely to increase 5% qoq.                

Net interest margin is estimated to be at 2.7%, with a yoy fall of 43 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 27 include BEML, Bharat Electronics, Bombay Dyeing, Canara Bank, Crompton Greaves, DLF, Dr Lal Pathlabs, Dynamatic Tech, Eros International, HPCL, IMP Power, Indoco Remedies, IOCL, JMC Projects, Oil India, PNC Infratech, Punj Lloyd, PVR, Sarda Energy, Tata Communications, TIL Ltd, and VST Tillers.

Top 15 stocks in focus today: SBI, Jet Airways, BPCL

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

SBI: State Bank of India (SBI), the largest bank in India, will announce its financial results today. As per IIFL’s forecast, the bank’s net interest income for Q4 FY16 is expected to dip to Rs.14,221 crore, at a rate of 3% yoy; however, the same is likely to increase 5% qoq.

BPCL: The company has posted a net profit of Rs.25490.80 million for the quarter ended March 31, 2016 as compared to Rs.28528.90 million for the quarter ended March 31, 2015.

Crompton Greaves: Crompton Greaves, one of the leading manufacturers of heavy electrical equipments in India, will announce its Q4 numbers today. As per IIFL’s forecast, the company’s net revenue for Q4 FY16 is expected to tank to Rs.2,274 crore, at a rate of 40.3% yoy; however, the same is likely to increase 10% qoq.

TCS: TCS CEO N Chandrasekaran's pay rises 20% in FY16 to Rs 25.6 crore, as per reports. Chandrasekaran's compensation stands at 459 times the median level at company.

Power Grid Corporation of India Ltd: The company posted a net profit of Rs.15990.50 million for the quarter ended March 31, 2016 as compared to Rs.14124.80 million for the quarter ended March 31, 2015. 

United Spirits Ltd: United Spirits posted a net loss of Rs.89.90 mn for the quarter ended March 31, 2016 as compared to Rs.17992.80 mn for the quarter ended March 31, 2015.

Central Bank of India:  The Board of Directors at the said in a meeting it may consider the proposal seeking approval of shareholders in advance to raise the equity capital upto Rs.3000 crore during Financial year 2016-17 through various modes such as- Preferential Issue, QIP, Rights Issue, FPO, etc. subject to approval of Government of India, Reserve Bank of India and other statutory authorities (if any) in the forthcoming Annual General Meeting.

VA Tech Wabag Ltd: VA Tech Wabag Ltd posted a net profit of Rs.685.40 million for the quarter ended March 31, 2016 as compared to Rs. 705 million for the quarter ended March 31, 2015.

RPG Life Sciences Ltd: The company has decided to sell its biotech unit to Intas Pharmaceuticals Ltd for an unspecified amount, as per media reports.

Torrent Pharma: Torrent Pharma is in talks to buy bulk drugs supplier Glochem Industries for about Rs.300 crore, according to reports.

Shipping Corporation of India Ltd: Shipping Corporation of India Ltd posted a net loss of Rs.70.20 million for the quarter ended March 31, 2016 as compared to net profit of Rs.1014.90 million for the quarter ended March 31, 2015.

Neyveli Lignite Corporation Ltd: Neyveli Lignite Corporation posted a net profit of Rs. 4462.40 million for the quarter ended March 31, 2016 as compared to Rs. 6768.10 million for the quarter ended March 31, 2015.

Apollo Hospitals Enterprise: The pharma company has launched its first standalone fertility centre in Chennai with a promise to offer quality infertility treatment backed by world class infrastructure and a team of experienced clinicians.

Adani Transmission: The company informed that the board of directors has approved the company's fund raising plans of up to Rs.85 bn through a variety of instruments.

NIIT: NIIT has entered into two strategic agreements in China to develop a pool of next generation IT professionals in big data and analytics.

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.