Stocks in news: Indian ADRs: Infosys down 5%, ICICI Bank down 4%, ICICI Bank down 4%, Tata Motors down 1% Alert: Interim Rail Budget on February 13

Results today: Edelweiss, HCL Tech, Indiabulls Fin, Punj Lloyd, Reliance Communication, RNRL, Tech Mahindra

Results today: Asian Paints, Bharat Electronics, Canara Bank, Container Corp, Crompton Greaves, Everest Kanto Cylinder, GIC Housing, Greaves Cotton , Gujarat Fluoro, IDBI Bank, ING Vysya Bank, Jyothy Labs, KLG Systel, Lanco Industries, Karnataka Bank, M&M Financial, Mahindra Ugine, Mirc Electronics, MRF, Oudh Sugar, PTC India, Shriram Transport, Sona Koyo, Syndicate Bank, Tanla Solutions, TV Today, Union Bank, Vijaya Bank, Welspun Gujarat

Satyam update:
-Goldman appointed as Satyam I-Banker – BS
-Maharashtra Government scraps contracts worth Rs 480 crore awarded by MSEB to Maytas Infra
-Maytas Infra seeks time to publish Q3 results, to state results after one month after inspection of its books: FE
-BOI has Rs 215 crore exposure to Maytas Infra, has not provisioned for it

Government considering 2nd relief package for real estate
((May be given infra status & reduction in interest rates from 9.25% to 7.5% for loans up to Rs 30 lakh))

RIL says government to gain Rs 16000 crore on higher price of $4.2MmBtu ((Acc to draft agreement between NTPC and co, NTPC to get gas at $2.34)

Infosys & IBM battle to acquire Fidelity’s captive BPO, may pay $150-180 million upfront for assured multi-yr outsourcing contracts

Cabinet secretary may take up aviation ministry proposal on allowing FDI of 25%

Exclusive: CCEA May Consider 3G Policy Matter Next Week: Sources

Exclusive: Sources Say Tata Motors’ Nano To Hit Market In Jun 2009

Ashok Leyland bags order to supply 875 busses worth Rs 480 cr from DTC

Layoff buzz of 1000 employees at L&T Infotech: Sources – ET

Voltas board approves transfer of chemicals trading business for Rs 20 cr

Selan Exploration buyback opens today

Oil Country Tubular to form JV with Oman co for threading unit

Ansal to invest Rs 500 cr over 18 months in low cost housing – FE

Moser Baer sues Seventymm for Rs 50 cr for violation of video rental rights – DNA Money

Board meets:
-Easun Reyrolle to consider investment in overseas switchgear co
-Everest Kanto to consider buyback of FCCBs
-SI Group to consider delisting from BSE & NSE

Ex-split: Khaitan Weaving from Rs 10 to Re 1

Austin Engineering buyback up to Rs 65/sh to open on Jan 27

Alert: Akruti still in NSE F&O curb

Stocks to be removed from F&O from Jan 30: Its Sterlite Tech
((no new contracts after expiry, existing contracts to continue))
Ansal Properties, Oswal Chemicals, Bongaigaon, Brigade, Core Projects, J&K Bank, Matrix, NIIT Technologies, Orbit Corp, Parsvnath, Prism Cement, Puravankara, Sterlite TECH, Voltamp, Walchandnagar

Results:
Reliance Q3
-Net profit down 9.8% at Rs 3,501 cr vs Rs 3,882 cr
-Other income at Rs 663 cr vs Rs 241 cr
-Jump in other income due to int earned in conversion of warrants
-Net sales down 8.8% at Rs 31,563 cr vs Rs 34,590 cr
-GRM at $10/bbl; Petchem Ebit margin at 13.1% vs 14%; Refining ebit margin at 8.7% vs 10%

Ranbaxy Q4
((Below estimates even if we keep aside exceptional forex loss of Rs 784.3 Cr due to AS 30))
-Net sales up 6% at Rs 1909.6 Cr vs. Rs 1784.5 Cr ((Estimate Rs 1893.56 Cr))
-Operating Loss at Rs (108) Cr vs profit of Rs 297.7 Cr
-Net Loss at Rs 680 cr vs Net Profit of Rs 87.80 Cr ((Estimate loss of Rs (89) cr))
-Loss of Rs. 784.3 Cr due to change in accounting standard to AS 30 ((complete surprise))

Cipla Q3 ((Good results, Net profit way above estimates))
-Net sales up 14% at Rs 1264 Cr vs Rs 1104 Cr ((Estimate Rs 1283 Cr
-OPM at 18% vs 16 % (adjusted for forex )
-OPM At 24.9% Vs 23.2%
-Net Profit up 6% at Rs 223.4 Cr vs Rs 210.65 Cr ((Estimate Rs 175 Cr))
-Forex loss of Rs 42.63 Cr due to forward cover contracts of $ 440m))

Idea Q3
-Net Profit Up 52.7% from Rs 144.07 cr to Rs 220 cr ((Estimates: Rs 186.9 cr))
-Revenue Up 18.52% from Rs 2303 cr to Rs 2730.5 cr ((Estimates: Rs 2605.07 cr))
-EBIDTA at 25.16% vs 33.29% YoY & 26.3% QoQ

Reliance Infra ((topline boosted by Higher power purchases/E&C business))
-Revenues up 2647.25 cr vs Rs 1541.73 cr ( Poll: Rs 2174 cr)
-Net profit at Rs 251.19 cr vs Rs 301.60 ( Rs 222.1 cr)
-Adjusting for tax refund in previous quarter Profit before tax adjustment at Rs 254 cr vs 212 cr
-Margins stable at 11.5% vs 11.8%

TVS Motors Q3
-Net Sales: Rs 868.7 cr vs Rs 875 cr
-Operating Profit: Rs 44.5 cr vs Rs 15 cr
-Raw Material cost down from Rs 682 cr to Rs 657 cr
-Other Income down from Rs 148.8 cr to Rs 127.3 cr
-Net Loss of Rs 96 lakh vs Rs 5.83 cr
-Interest Costs at Rs 19.4 cr vs Rs 4.91 cr

J Kumar Infra (QoQ)
-Net Sales: Rs 85.7 cr vs Rs 71.7 cr
-Net Profit: Rs 7.12 cr vs Rs 6.2 cr

Navneet Publications Q3
-Net Sales: Rs 68.2 cr vs Rs 59 cr
-Net Profit: Rs 3.19 cr vs Rs 3.64 cr

JB Chem & Pharma Q3
-Net Sales: Rs 223 cr vs Rs 139 cr
-Net Profit: Rs 14.2 cr vs Rs 10.7 cr

3i Infotech Q3 (QoQ)
-Net Sales: Rs 109.1 cr vs Rs 158.3 cr
-Operating Profit: Rs 53 cr vs Rs 79.6 cr
-Net Profit: Rs 27 cr vs Rs 55.7 cr

3i Infotech Consolidated (QoQ)
-Net Sales: Rs 608.8 cr vs Rs 601.6 cr
-Other Income: Rs 6.8 cr vs Rs 5.3 cr
-Operating Profit: Rs 110 cr vs Rs 114.2 cr
-Net Profit: Rs 64.5 cr vs Rs 68.35 cr

Tata Sponge Q3
-Net Sales: Rs 133.6 cr vs Rs 106.4 cr
-Other Income: Rs 3.27 cr vs Rs 11.75 cr
-Operating Profit: Rs 14.5 cr vs Rs 28.7 cr
-Net Profit: Rs 6.99 cr vs Rs 27.7 cr

Tamil Nadu Newsprint and Papers Q3
-Net Sales: Rs 247.9 cr vs Rs 235.1 cr
-Other Income: Rs 1.14 cr vs Rs 3.72 cr
-Operating Profit: Rs 74.7 cr vs Rs 59.5 cr
-Net Profit: Rs 21.2 cr vs Rs 28.48 cr
-Interest costs at Rs 18.5 cr vs Rs 7.49 cr

Royal Orchid Consolidated Q3
-Net Sales: Rs 35.7 cr vs Rs 33.7 cr
-Net Profit: Rs 5.2 cr vs Rs 9.46 cr

Nelco Q3
-Net Sales: Rs 31.9 cr vs Rs 44.7 cr
-Net Loss of Rs 8.33 cr vs Net Loss Rs 2 cr

Dish TV Q3
-Net Sales: Rs 192.7 cr vs Rs 112 cr
-Operating Loss: Rs 38.9 cr vs Operating Loss of Rs 64.16 cr
-Net Loss of Rs 118 cr vs Net Loss of Rs 116.4 cr
-Interest Costs of Rs 22.12 cr vs Rs 13.53 cr

Rel Power Q3:
-Net Profit At Rs 106 Cr
-Total Income At Rs 131 Cr
-Cash & Liquid Balance At Rs 10,510 Cr

JK Tyre & Ind
-Net Sales: Rs 782.2 cr vs Rs 722.88 cr
-Operating Profit: Rs 9.7 cr vs Rs 74.4 cr
-Net Loss of Rs 27.4 cr vs Net Profit: Rs 21.7 cr
-Raw Material Costs up from 483.6 cr vs Rs 622.3 cr
-Purchase of traded goods at 17.2 cr vs Rs 8.9 cr

Vardhaman Acrylics Q3
-Net Sales: Rs 51 cr vs Rs 52.3 cr
-Net Loss of Rs 6.72 cr vs Net Profit of Rs 2.16 cr

Zandu Pharma Q3
-Net Sales: Rs 58.35 cr vs Rs 56.1 cr
-Net Profit: Rs 7.2 cr vs Rs 5.5 cr

Inox Leisure Q3
-Net Sales: Rs 65.5 cr vs Rs 59.8 cr
-Net Profit: Rs 3.99 cr vs Rs 6.29 cr

TCI Q3
-Net Sales: Rs 322 cr vs Rs 309.5 cr
-Operating Profit: Rs 22.55 cr vs Rs 15.8 cr
-Net Profit: Rs 5.7 cr vs Rs 2.28 cr

Allsec Tech Consolidated
-Net Sales: Rs 28.5 cr vs Rs 24.9 cr
-Net Loss : Rs 2.3 cr vs Net Loss of Rs 80 lakh

BPL Q3
-Net Sales: Rs 17 cr vs Rs 21 cr
-Net Loss : Rs 6.8 cr vs Net Loss of Rs 29.4 cr

source: Moneycontrol

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