Morning News Essar Group,Novartis, Sterling Holidays 04 Feb
NEWS UPDATES
January auto sales
- Tata Motors JLR India sales at 246 units versus 236 units (YoY)
-Hero MotoCorp total sales at 5.61 lakh units versus 5.25 lakh units (MoM)
Essar group vs I-T Department
-Essar moves Bombay HC for relief in transfer pricing case
-Essar Power, Essar Projects, Equinox Tech parties to tax case
-Essar case similar to Vodafone & Shell tax case
-I-T Department says shares undervalued at the time of issuance
-Dispute resolution panel had passed an order against Essar
Delhi Government
-Asks regulator for steps to ensure uninterrupted power
-To suspend power companies’ licences if supply disrupted
-To clear power companies’ subsidy, adjust dues by February 15
Kotak Mahindra Bank
-Ups rates on some deposits by up to 25 bps, w.e.f Thursday
-Ups rates on deposits less than Rs 1 crore
Novartis AG
-Plans to move existing operations in Hyderabad to a biz services center as part of consolidation strategy
-New center to open between late 2015 & early 2016
-New centre will consolidate company’s operations currently spread across 3 sites in Hyderabad, to provide for future growth too
Government says
-PSU February 1-15 subsidized fuel revenue loss at Rs 446 crore per day
-PSUs’ February 1-15 revenue loss on retail diesel Rs 7.39/litre
-PSU oil companies’ February revenue loss on LPG Rs 655.96/Cylinder
-PSU oil companies’ February revenue loss on kerosene Rs 35.77/Litre
-PSUs’ April-December subsidized fuel revenue loss at Rs 1.01 lakh crore
RBI says FIIs can buy up to 30 percent shares of Power Grid Corporation
Empowered group of ministers likely to decide on Engineers India FPO date & price band today
Financial Technologies to mull interim dividend on February 14
SEBI withdraws plea in SC on Fresenius Kabi delisting
Gillette India appoints BS Mehta as chairman
Thomas Cook looking to acquire Sterling Holidays at 36 percent premium
Sembcorp to acquire 45 percent in NCC Power for Rs 848 crore
RESULTS DIGEST
JP Infra Q3
-Net profit at Rs 101.2 crore versus Rs 155 crore (YoY)
-Net sales at Rs 988 crore versus Rs 933 crore (YoY)
-EBITDA at Rs 357 crore versus Rs 422 crore (YoY)
-EBITDA margin at 36.1 percent versus 45.3 percent (YoY)
JP Power Q3
-Net loss at Rs 153 crore versus Rs 98 crore loss (YoY)
-Total income at Rs 492.4 crore versus Rs 427 crore (YoY)
-EBITDA at Rs 276 crore versus Rs 268 crore (YoY)
-Operating margin at 56.1 percent versus 62.7 percent (YoY)
Divis Labs Q3
-Net profit at Rs 219 crore versus Rs 144.2 crore (YoY)
-Net sales at Rs 687.4 crore versus Rs 533.3 crore (YoY)
-EBITDA at Rs 286 crore versus Rs 181 crore (YoY)
-EBITDA margin at 41.6 percent versus 34 percent (YoY)
P&G Q3
-Net profit at Rs 76.6 crore versus Rs 54 crore (YoY)
-Net sales at Rs 570.6 crore versus Rs 470.6 crore (YoY)
Future Lifestyle Q3
-Net sales at Rs 658.6 crore versus Rs 690 crore (QoQ)
-Net profit at Rs 93.4 crore versus Rs 108.9 crore (QoQ)
-No operating business in company during Q3FY13
Tata Chemicals Q3
-Consolidated net loss at Rs 15.9 crore versus profit of Rs 224 crore (YoY)
-Consolidated total income at Rs 4580.4 crore versus Rs 4164.6 crore (YoY)
Chambal Fertilizer Q3
-Net profit at Rs 90.3 crore versus Rs 96 crore (YoY)
-Net sales at Rs 2,359.2 crore versus Rs 2,088.6 crore (YoY)
-EBITDA at Rs 233 crore versus Rs 210 crore (YoY)
-EBITDA margin at 9.9 percent versus 10 percent (YoY)
Wheels India Q3
-Net profit at Rs 4.1 crore versus Rs 9 crore (YoY)
-Net sales at Rs 386.5 crore versus Rs 403.8 crore (YoY)
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