ABB India Q2 net jumps 20% to Rs 57 crore

Power and automation technologies firm ABB India Ltd today reported a 20.47 per cent increase in net profit at Rs 57.45 crore for the second quarter ending June 30.

The company, which follows January to December period as its financial year, had reported net profit of Rs 47.69 crore in the corresponding period a year ago.

Its net sales in the quarter under review stood at Rs 1,906.47 crore, up 6.24 per cent compared with Rs 1,794.4 crore in the same period last year, ABB India said in a BSE filing.

ABB India Managing Director Bazmi Husain said: "We have delivered a steady performance in a market where investments are still to gather momentum. This is a result of our relentless efforts on execution and focus on customers and costs."

The company said it received orders worth Rs 1,895 crore during the reported quarter and the order backlog as on June 30, stood at Rs 7,956 crore.

During the quarter under review, ABB India's total expenses stood at Rs 1,819.08 crore compared with Rs 1,724.23 crore in the same quarter last year.

Shares of ABB India are trading at Rs 1,392 on BSE in the afternoon trade, up 1.50 per cent.

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Quarterly result of Bayer CropScience

Bayer CropScience is a world leader in the areas of crop protection, pest control, seeds and plant biotechnology. The company offers comprehensive solutions for modern, sustainable agriculture and non-agricultural applications. The company operates in the area of Crop Protection, Environmental Science and BioScience. The company develops and markets fungicides, insecticides, herbicides, and seed treatment products. They use plant biotechnology and breeding to offer solutions for agriculture, nutrition, health and biomaterials. They have their production facilities at Thane in Maharashtra, Himatnagar and Ankleshwar in Gujarat.

Bayer CropScience Ltd has announced the following results for the quarter ended June 30, 2015 

The Unaudited Standalone results for the Quarter ended June 30, 2015:

The Company has posted a net profit of Rs. 1069 million for the quarter ended June 30, 2015 as compared to Rs. 1085 million for the quarter ended June 30, 2014, down by 1.47 percent. Total Income has increased from Rs. 12216 million for the quarter ended June 30, 2014 to Rs. 14245 million for the quarter ended June 30, 2015, up by 16.61 percent. Net sales of the company have increased from Rs. 12007 million in June 2014 to Rs. 13987 million in June 2015, up by almost 16.49 percent.

The scrip is currently trading at Rs. 3924.20, up by 1.48 percent.

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Tata Elxsi soars over 10% on strong Q1 results

 Tata Elxsi soared 14% to Rs 1,612 on the NSE after the company reported a strong 71% year-on-year (YoY) growth in net profit at Rs 35.72 crore for the quarter ended June 30, 2015 (Q1).

The company, engaged in IT software products business, had posted a profit of Rs 20.83 crore in the same quarter a year ago. It had profit of Rs 30 crore in the March quarter.

Income from operations increased 28% at Rs 244 crore in the June quarter against Rs 191 crore in the corresponding quarter of previous fiscal.

EBITDA (earnings before interest, tax, depreciation and amortization) margins expanded by 300 basis points at 23% in the June quarter against 19.8% in the year-ago's corresponding quarter.

The stock touched a record high of Rs 1,616 on the NSE and has seen an over three-fold jump in trading volumes. Till 02:25pm, a combined 4.39 million shares changed hands on the counter on the NSE and BSE.

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Lupin dips as Q1 results miss Street estimates

Shares of Lupin dipped 6% at Rs 1,714 on the NSE after the drug maker reported a 16% year-on-year (YoY) drop in consolidated net profit at Rs 525 crore for the quarter ended June 30, 2015 (Q1), due to lower sales. The company had posted a profit of Rs 625 crore in the same quarter a year ago. Total operational income during the quarter under review declined 5.7% at Rs 3,150 crore on a Y-o-Y basis.

Analysts on an average had expected a profit of Rs 568 crore and net sales of Rs 3,301 crore for the quarter. Operating profit margins stood at 26.6% in the June quarter against 33.9% in the previous year quarter, Lupin said in a statement.

Commenting on the results, Mr. Nilesh Gupta, Managing Director, Lupin said, “Slowdown in approvals in the US dampened growth during the quarter, even as the company continues to improve on gross margins. We remain focused on evolving our research pipeline, ensuring compliance, operational excellence and acquiring meaningful assets.”

Meanwhile, in the past three trading sessions, the stock tanked 13% from Rs 1,978 on July 20, compared to a marginal 0.09% rise in CNX Nifty.

At 02:39 PM, the stock was down 5% at Rs 1,739 on the NSE and has seen a combined 3.97 million shares changing hands on the counter on the NSE and BSE.

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Asian Paints Ltd has announced the following results for the quarter ended June 30, 2015

The Audited Standalone results for the Quarter ended June 30, 2015

The Company has posted a net profit of Rs. 4278.10 million for the quarter ended June 30, 2015 whereas the same was at Rs. 3088.40 million for the quarter ended June 30, 2014. Total Income is Rs. 30143.60 million for the quarter ended June 30, 2015 whereas the same was at Rs. 27947.80 million for the quarter ended June 30, 2014.

The results for the quarter ended June 30, 2015 are not comparable with the corresponding quarter of the previous year and the quarter ended March 31, 2015.

The Consolidated Results are as follows:

The Unaudited Consolidated results for the Quarter ended June 30, 2015

The Group has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 4551.80 million for the quarter ended June 30, 2015 whereas the same was at Rs. 3387.00 million for the quarter ended June 30, 2014. Total Income is Rs. 36969.20 million for the quarter ended June 30, 2015 whereas the same was at Rs. 34146.80 million for the quarter ended June 30, 2014.

- The above results include financials of Kadisco Paint and Adhesive Industry Share Company, (Ethiopia) in which the Company's wholly owned subsidiary Berger International Limited, Singapore acquired 51% stake on February 09, 2015. In view of this, the results for the quarter ended June 30, 2015 are not comparable with the results for the quarter ended June 30, 2014 and March 31, 2015.

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Quarterly result of Hindustan Unilever Ltd.

 Hindustan Unilever Ltd has announced the following Unaudited Standalone results for the quarter ended June 30, 2015. The Company has posted a net profit of Rs. 10591.40 million for the quarter ended June 30, 2015 as compared to Rs. 10568.50 million for the quarter ended June 30, 2014. Total Income has increased from Rs. 79184.50 million for the quarter ended June 30, 2014 to Rs. 82137.40 million for the quarter ended June 30, 2015.

HUL Chairman Harish Manwani said: "In a subdued market environment, the business delivered another quarter of healthy volume led growth and strong improvement in operating margin."

He further said: "With the near-term outlook largely dependent on pickup in rural markets and commodity costs expected to remain benign with little or no price growth across select categories, our focus will be to drive market development and simultaneously deliver cost efficiencies to sustain profitable volume led growth."

The HUL scrip is trading at Rs 915.50, up 2.70% on BSE.

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Quarterly Result of Infosys

Infosys Ltd has announced the consolidated results for the quarter ended June 30, 2015. The Audited Consolidated results for the Quarter ended June 30, 2015. The Group has posted a net profit of Rs. 30300 million for the quarter ended June 30, 2015 as compared to Rs. 28860 million for the quarter ended June 30, 2014. Total Income has increased from Rs. 135990 million for the quarter ended June 30, 2014 to Rs. 151120 million for the quarter ended June 30, 2015.

Infosys Ltd has announced the Audited results for the quarter ended June 30, 2015. The Audited Standalone results for the Quarter ended June 30, 2015. The Company has posted a net profit of Rs. 28970 million for the quarter ended June 30, 2015 as compared to Rs. 27200 million for the quarter ended June 30, 2014. Total Income has increased from Rs. 121090 million for the quarter ended June 30, 2014 to Rs. 134570 million for the quarter ended June 30, 2015.

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Market Brief (20th July 2015)

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Positive news have outweighed the negative news this week and the markets, after going through a rally the whole week, ended flat on the backdrop of announcement from Union Govt. allowing composite foreign investment, data from stock exchanges showing FPIs buying Rs. 750 crore worth of shares, the successful Greece bailout, the rise and fall of Chinese stock markets, and below normal monsoon headache for Kharif crops, as July is the key month for sowing Kharif seeds.

Technically, markets were able to hold 8200 and cross the critical level of 8550. Markets are still critically poised. Next week seems to be critical for the markets. The undertone for the short term is bullish. Support for Nifty lies at 8315 and resistance is placed at 8850 for the broader range. For the shorter range, support lies at 8420 and resistance is placed at 8650.

For the next week, monsoon expectations for the coming days and month, and Parliament’s monsoon session where the Opposition may hinder functioning of the session raising questions against this Union Govt., are big worries. Sector wise, Healthcare and Information Technology stocks seem good for a buy.

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8 things to do on Eid day

Taking a bath (Ghusl)

Wearing one’s best clothes (preferably new), and men perfuming themselves, if available.

Having ‘odd’ number of dates before leaving for Eid Prayer

Going for the Eid Prayer.

Saying Takbir from the morning till the Imam starts Eid prayer.

Greet one another

Take different path home than the one you took to come to the Masjid or prayer area for Eid prayer.

Keep everyone happy with smiling and greeting them Eid Mubarak.

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Ambuja Cements Company Report

COMPANY NAME- AMBUJA CEMENTS LTD.

BSE CODE: 500425                                     SIZE: LARGECAP

SECTOR: CONSTRUCTION & REALTY      INDUSTRY: CEMENTS

STOCK PRICE (AS ON 9th JULY 2015) – RS  244.10 (BSE)

TARGET PRICE: RS. 293                        POTENTIAL UPSIDE: 20%

Net profit of the Ambuja Cement, jumped 44% to Rs 239.06 crore on the back of 9% growth in its income from operation to Rs 2202.06 crore for the quarter ended September 2014, thanks to surge in sales realization. Operating margin increased by 450 basis points to 17.9%, as a result, operating profit growth ballooned 46% to Rs 393.41 crore. The company income from operation increased 9% to Rs 2202.06 crore (including other operating income of Rs 14.51 crore), due to improvement in sales realization, despite fall in sales volume. The combined domestic cement and clinker sales fell 1.1% to 4.67 million tonne but realization surged 10.4% to Rs 4684 per tonne. Operating profit margin (OPM) increased by 450 bps to 17.9% due to drop in freight & handling expenses, other cost, power & fuel cost and employee benefit expenses.

As a % of adjusted sales, there was drop in freight & forwarding cost by 160 bps to 24.4%, other operating cost by 210 bps to 20.4%, power & fuel cost by 70 bps to 22.7%, and employee benefit cost by 30 bps to 6.3%.As a result, the operating profit grew sharply 46% to Rs 393.41 crore. The company expects cement demand likely to be better with expectation of higher GDP growth and improved business sentiments. The drivers for demand will continue to be housing and infrastructure considering Government's recent push in this sector. The Company would continue to work on improving efficiencies and focus on customer and commercial excellence. The Company believes that these initiatives will help improve performance.

Technical Analysis:

This stock is in a firm uptrend and is likely to see much higher levels. The short term support is placed at 264 and long term support exists at 265. On the higher side, previous high of 274 remains the important resistance. A close above this level, Ambuja Cements will witness a sharp rally towards 300.  

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Market Brief (Tuesday, 7th July, 2015)

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The market registered steady gains on Friday before the outcome of Greek referendum that will be held on Sunday. Sensex ended above the 28000 level and the Nifty few points away from 8500 level on the back of better-than-expected progress of monsoons and a rebound in core sector output. A normal monsoon will not only boost incomes in a pre-dominantly rural economy, but also give enough headroom to the Reserve Bank of India (RBI) to cut rates further in the foreseeable future. 

Meanwhile, the RBI Governor Dr Raghuram Rajan said that the Indian economy was recovering and there were signs of a pick-up in capital investments.

Markets will still be in the range. If it manages to close above 8550, it can go to 8850. If it closes below 8550, then it can test the levels of 8200 and 8250.

Going ahead, CPI numbers, quarterly results and progress of monsoons are the immediate triggers (apart from the Greek referendum outcome). Later in the month, the progress on major bills such as GST in the monsoon session of the Parliament will be the triggers to watch out for.

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