ICICI Bank Q4 profit up 31% as group companies' income surges Apr 28, 2012, 12.

33AM IST
MUMBAI: ICICI Bank surprised markets with a net profit of Rs 1,902 crore for the quarter ended March 2012, an increase of 31% over the corresponding quarter last year, following improved margins and a surge in income from group companies. The bank has hiked dividend to Rs 16.5 per share as against Rs 14 last year.

Bharti Airtel Q4 profit falls 28%

May 2, 2012, 10.33AM

NEW DELHI: Bharti Airtel, India's biggest mobile phone carrier by subscribers, reported its ninth straight quarterly profit decline as intense price competition and losses on foreign exchange eroded earnings. Consolidated net profit fell to Rs 1,006 crore ($190.89 million) in the fourth quarter ended March from Rs 1401 crore a year earlier, Bharti said on Wednesday. The company said that the net income was impacted by higher costs on account of 3G license fee amortisation ( Rs 106 crore), 3G interest costs (Rs 84 crore), forex fluctuation losses (Rs 132 crore) and tax provisions (Rs 198 crore).

All eyes on Hindustan Unilever and Bharti Airtel Q4 results this week 29 APR, 2012
The BSE Sensex declined 1% to 17,187 points last week, including a gain of 0.3% in a special trading session held by the bourses on Saturday. NSE's Nifty fell 1.5% last week, closing at 5,209 points at the end of Saturday's session. Among the large corporates declaring earnings for the January-March quarter this week are Bharti Airtel and FMCG majors such as Hindustan Unilever (HUL) and Marico. Even as shares of companies such as HUL touched record highs recently on defensive buying, they have declined slightly as investors try to figure the impact of macroeconomic factors like inflation. While HUL and Marico declined by about 1%, Nestle lost 5% in the week.

Nifty moves higher; HUL, Bharti, DLF, TCS gain

2 MAY, 2012

MUMBAI: The Nifty moved higher after a positive start, taking cues from global peers. FMCG, banks, technology and metals led the upmove while auto and oil & gas were down on profit booking. There are some positive cues from foreign institutional investors, who bought shares worth Rs 479.53 crore on Monday, as per provisional data. "A mid-week break has brought in renewed energy and inspiration. A positive opening is on the cards, spurred by the overnight rally in the overseas markets. The Dow Jones Industrial Average closed at the highest level since December 2007 on the back of strong manufacturing PMI data. European markets open for trading finished higher with the UK's FTSE 100 pacing the gains. Asian markets are mostly positive after official data showed strength in China's key manufacturing sector and Australia's central bank cut interest rates," an IIFL report said. At 10:30 a.m., the Nifty was at 5,272.90, up 24.75 points, or 0.47 percent. It has touched a high of 5,279.60 and a low of 5,254.30 in trade today. The Sensex was at 17,398.39, up 79.58 points, or 0.46 percent. It has touched a high of 17,432.33 and a low of 17,367 in trade today. "The trend deciding level for the day is 17,291 / 5,237. If the Nifty trades above this level during the first half hour of trade, then we may witness a further rally up to the 17,387 - 17,455 / 5,273 - 5,298 levels. However, if the Nifty trades below the 17,291 / 5,237 levels for the first half hour of trade, it may correct up to the 17,223 - 17,127 / 5,212 - 5,177 levels," an Angel Broking note said. The BSE Midcap Index was up 0.59 percent and the BSE Smallcap Index gained 0.78 percent. Among sectoral indices, the BSE FMCG Index was up 1.03 percent, the BSE Bankex advanced 0.91 percent, the BSE IT Index gained 0.86 percent and the BSE Metal Index was up 0.69 percent. BSE Auto Index slipped 0.73 percent and the BSE Oil & Gas Index declined 0.23 percent. Hindustan Unilever (2.90%), DLF (2.01%), Bharti Airtel (1.85%), TCS (1.71%) and SAIL (1.59%) are the top Nifty gainers. Bharti Airtel reported a lower-than-expected Q4 net profit of Rs 1,006 crore, a 0.49% fall QoQ. Sales for the quarter increased 1.3% to Rs 18,738.8 crore. EBITDA margin also increased 33.3% in the fourth quarter. The company recommended a dividend of Re 1 per equity share of face valued Rs 5 each for the financial year 2011-12. Shares of Hindustan Unilever gained momentum after the company announced quarterly results a day ago. The company's net profit increased nearly 21 percent to Rs 686.61 crore for the quarter ended March 2012 against Rs 569.18 crore in the same quarter a year ago. Total income increased to Rs 5,835.86 crore for the quarter compared to Rs 5,028.71 crore in the corresponding quarter last fiscal. Tata Motors (2.48%), ONGC (1.44%), Bajaj Auto (1.20%), Maruti Suzuki (1.13%) and Asian Paints

(0.64%) are the losers. The market breadth was positive on the NSE with 884 gainers against 457 losers. The Asian markets moved higher in line with the US. The Hang Seng rallied 1.14 percent, the Seoul Composite moved 1.58 percent higher, Nikkei was up 0.47 percent, and Kospi advanced 0.80 percent.

SBI gains 3% on better than expected results 18may

NEW DELHI: State Bank of India surged over 3% in trade on Friday after the India's largest public sector bank reported better than expected Q4 net profit, mainly due to a lower base last year and strong demand for loans. The lender posted a net profit of Rs 4,050.27 crore for the quarter ended March 31, 2012, compared to Rs 20.88 crore for the quarter ended March 31, 2011. The bank's year-ago profit was impacted by sharply higher provisions for bad loans. The bank posted a net profit of Rs 11,707.29 crore for the year ended March 31, 2012, compared to Rs 8,264.52 crore for the year ended March 31, 2011. Total income stood at Rs 1,20,872.90 crore for the year ended March 31, 2012, compared to Rs 97,218.96 crore a year ago.
17 MAY, 2012, 11.56AM IST, ECONOMICTIMES.COM

Mahindra Satyam Q4 revenue seen down at Rs 1663.83 crore

NEW DELHI: Mahindra Satyam Ltd is expected to report a 3.1 percent QoQ decline in its fourth quarterrevenue to Rs 1,663.83 crore from Rs 1,718 crore in the previous quarter, impacted negatively by the falling rupee, according to ET Now estimates. EBITDA is expected to decline Rs 270 crore compared to Rs 278.32 crore in the previous quarter.
17 MAY, 2012, 01.27PM IST, ECONOMICTIMES.COM

Bajaj Auto Q4 net profit falls 45%, aims at 20% margin growth
MUMBAI: Bajaj Auto posted a net profit after tax of Rs 772 crore for the quarter ended March 31, 2012, compared to Rs 1,400.39 crore for the quarter ended March 31, 2011. Total income increased to Rs 4,790.93 crore for the quarter ended March 31, 2012, from Rs 4,300.94 crore in the year ago period. The company posted a net profit after tax of Rs 3,004.05 crore for the year ended March 31, 2012, compared to Rs 3,339.73 crore for the year ended March 31, 2011. Total income increased to Rs 20,137.02 crore for the year ended March 31, 2012, from Rs 16,974.74 crore last year.

Wipro Q4 net profit up 7.7%

Reuters | Apr 25, 2012, 10.09AM IST

BANGALORE: Wipro Ltd, India's No. 3software services exporter, roughly met expectations with a 7.7 per cent rise in quarterly net profit, and forecast muted revenue growth for its key IT services unit due to a fragile global economy. Consolidated net profit at Wipro, whose clients include Citigroup Inc and Telenor ASA, rose to Rs 1481 crore ($281 million) for the fiscal fourth quarter ended March 31 from Rs 1375 crore a year earlier. The company, which also makes computer hardware, soaps and toiletries, said it expects June quarter revenue of $1.52 billion to $1.55 billion at its IT services unit, a rise of 0.6 per cent from the March quarter at the top end of the range.

27 APR, 2012, 01.31PM IST, ECONOMICTIMES.COM

Sensex nears 17,000; ICICI up post Q4 results

The Sensex slipped into the red on the back of a weak opening by European markets following S&P's downgrade of Spanish bonds. At 1:15 p.m., the Sensex was at 17,027.97, down 102.70 points, or 0.60 percent. It has touched a high of 17,242.15 and a low of 17,024.70 in trade so far. The Nifty was at 5,172.15, down 16.85 points, or 0.32 percent. It has touched a high of 5,223.05 and a low of 5,154.30 in trade so far. "Momentum indicators, although in a sell mode, are not convinced about a clear direction due to the sideways trajectory. Today's session is likely to be important to determine the outlook for the short term as the bulls will have to make a comeback with a strong close above 5,255 (middle bollinger), whereas the bears are eyeing a breakdown below 5,148 (lower bollinger) and 5,130 (200 DMA) to take the market in their favour," an Edelweiss report said. The BSE Midcap Index was down 0.48 percent and the Smallcap Index slipped 0.55 percent. Among sectoral indices, the BSE Realty Index was down 2.46 percent, the BSE Metal Index declined 1.20 percent, the BSE Capital Goods Index slipped 1.09 percent and the BSE Bankex was 0.88 percent lower. The BSE IT Index was up 0.36 percent. DLF (3.22%), Coal India (2.42%), State Bank of India (2.19%), Tata Steel (1.84%) and Bharti Airtel (1.49%) are the major Sensex losers. ICICI Bank (2.01%), M&M (0.73%), Hindalco Industries (0.56%), TCS (0.46%) and Infosys

Technologies(0.43%) are the top gainers. ICICI Bank announced a net profit of Rs 1,902 crore for the quarter ended March 2012 compared to a net profit of Rs 1,452 crore in the same period a year ago, as reported. Net interest income increased to Rs 3,100 crore for the quarter against Rs 2,509.7 crore in the same quarter last fiscal. Axis Bank will announce its quarterly results today. "We expect Axis Bank to report a healthy NII growth of 32.4% YoY to Rs 2,252 crore. NIM, on a sequential basis, is likely to remain flat with a downward bias. Non-interest income is expected to increase by relatively moderate 9.4% YoY to Rs 1,586 crore," an Angel Broking report stated. The market breadth was negative on the BSE with 1,053 gainers against 1,535 losers. European markets are down on profit booking. The FTSE 100 declined 0.54 percent, the CAC 40 slipped 0.57 percent, and the DAX fell 1.03 percent.