COMPANIES & SECTORS


Moneylife Digital Team 06 February 2013
The company is current engaged in 10 power projects with a total capacity of 4,502 MW and is in process of setting up two solar power projects as well NHPC, the government-owned hydro power producer, reported a net profit of Rs311.77 crore in the December 2012 quarter, which was 46.94%...

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Moneylife Digital Team 06 February 2013
The company’s consumer durables sales in the third quarter rose 22% to Rs504 crore, while sales from the lighting business rose 11% to Rs 221 crore. Electrical and consumer durables manufacturer Bajaj Electricals’ third quarter net profit plunged 64% year-on-year (Y-o-Y) to Rs12 crore...

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Moneylife Digital Team 06 February 2013
The company’s South Africa operations posted EBIT of Rs4.7 crore in the October-December quarter as against loss of Rs29.7 crore in a year ago period Tyre major Apollo Tyres’ consolidated net profit grew by 84.7% year-on-year (Y-o-Y) to Rs181 crore in the third quarter of financial year...

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Moneylife Digital Team 06 February 2013
Toll revenue rose by nearly 10% on an annual basis on the back of moderate traffic growth and higher wholesale price index in comparison to the last year IRB Infrastructure’s consolidated net profit grew by 8.6% year-on-year to Rs142.7 crore in the third quarter of FY13 despite increase...

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Moneylife Digital Team 06 February 2013
The acquisition will help the travel services provider to expand its portfolio of service related businesses by making a foray into “one of the world’s largest human resource markets”   Thomas Cook India (TCIL), one of country’s largest integrated travel services company has signed an...

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Moneylife Digital Team 05 February 2013
The company that is known for Dominos Pizza has posted yet another strong quarter with good sales and profit numbers. Yet, the stock price is quoting at premium valuations. Is it worth it? We had written about Jubilant Foodworks in our Moneylife issue dated 19 April 2012 (

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Cash-strapped developers are coming out with pre-launch offers that were reserved for a closed group. This is in violation with the provisions of the MOFA and yet developers are flouting the rules and regulations in the absence of any check from the authorities Several developers are...

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Moneylife Digital Team 05 February 2013
MCX’s average daily trading volume were flat year-on-year (down 7% quarter-on-quarter) and technology costs were higher by Rs30 million (post revision in agreement with Financial Technologies)   Multi Commodity Exchange’s (MCX) Q3FY13 net profit of Rs759 million, was up 10%...

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Moneylife Digital Team 05 February 2013
Refinancing opportunities will aid loan growth of 18%-20% for IDFC, says Edelweiss   IDFC’s Q3FY13 net profit of Rs4.5 billion (up 18% year-on-year) was lower than Edelweiss’ estimate.   However, lending business’ core metrics were maintained and the difference was due...

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Moneylife Digital Team 05 February 2013
PVR’s net profit was below estimate, primarily due to higher depreciation in Q3FY13   PVR’s Q3FY13 revenue and EBITDA surpassed Edelweiss’ estimates; however, net profit was below estimate, primarily due to higher depreciation (up 43% year-on-year due to two new big properties in...

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Moneylife Digital Team 05 February 2013
With 10 projects to get commissioned over the next 18 months and interest rates at a peak, Edelweiss believes that  ITNL’s strong balance sheet makes it one of the best asset plays in the infra asset space IL&FS Transportation Networks (ITNL) Q3FY13 profits were below expectation,...

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Moneylife Digital Team 05 February 2013
“Service sector activity continued to pick up pace led by a faster inflow of new business. With stepped up hiring, companies broadly managed to contain the rise in backlogs of work,” Leif Eskesen, chief economist for India & ASEAN at HSBC said India’s services sector expanded at the...

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Moneylife Digital Team 04 February 2013
Commercial Engineers and Body Builders Co Ltd (CEBBCO) has crashed 60% over two months including 35% in the last two days. It was stuck at the 20% lower circuit filter yesterday. The management denies that there are any governance issues but why were lenders and ‘investors’ in so desperate...

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Moneylife Digital Team 04 February 2013
According to the minister, there is a need to review the FSI policy and make appropriate changes to boost the affordable housing in Mumbai Union minister for housing and poverty alleviation Ajay Maken said that megacities like Mumbai need to review their floor space index (FSI) policy...

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Moneylife Digital Team 04 February 2013
REC’s net profit was up 33% at Rs1026.65 in the December 2012 quarter Rural Electrification Corporation (REC), a government-owned company, has posted total income from operations of Rs3533.68 crore in the December 2012 quarter. Its income was 32% up from Rs2682.26 crore in the same...

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Moneylife Digital Team 04 February 2013
Jammu and Kashmir Bank’s total income from operations for the December quarter was Rs1623.77 crore   Jammu and Kashmir Bank posted net profit of Rs289.40 crore in the December 2012 quarter, up 36% against Rs213.19 crore in the same quarter of the previous year, according to the bank’s...

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Moneylife Digital Team 04 February 2013
Jubilant Foodworks’ sales were up 39% in the December 2012 quarter at Rs385.15 crore Jubilant Foodworks has posted excellent results in the December 2012 quarter with a profit of Rs37.70 crore, up 28% against Rs29.47 crore in the same quarter of the previous year, according to the...

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Moneylife Digital Team 04 February 2013
ACC's margins have fallen to 18% in 2011 from 27.3% in 2007, the period in which it paid know-how fees to Holcim. Now the cement maker is proposing to increase the fees by almost two-folds without disclosing additional benefits it would receive from its parent Institutional Investor...

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Moneylife Digital Team 04 February 2013
Relaxo Footwears, an ambitious upstart footwear company, has posted disappointing results amidst tight economic climate and increased competition We had written about Relaxo Footwears (Relaxo) in our Moneylife issue dated 4 October 2012 (

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Moneylife Digital Team 04 February 2013
Slowdown is impacting the rate of acquisition of new consumers for Marico, which is showing up in sales volume growth in segments like Saffola edible oil, says Nomura Equity Research Marico reported Q3FY13 results that were 7.5% lower than expectations at the net sales level, but higher...

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