November 3, 2017

Tata Power profit rises but misses estimates


tata power


Tata Power has missed street estimates, it has reported about 50 percent slump in profit for the quarter ended on September 2017.

Revenue for the Q2 were higher by 3.4 percent than the estimated figure of Rs. 7409 crore. EBITDA for the quarter rose nearly 14 percent than the estimated figure of Rs. 1624 crore. Whereas, net profit for the Q2 were 50 percent lower than the estimated figure of Rs. 544 crore.

Unadjusted PAT for the quarter came in at Rs. 268.5 crore, yoy decline of 43.6%. This was due to 27% increase in its finance costs and reporting of exceptional loss amounting to Rs. 148.8 crore during Q2FY18.

Income from its power business dropped about 7 percent to Rs. 10.35 billion for the quarter ended on September 2017. However, company has posted good operations performance as EBITDA grew by 27.3 percent at Rs. 1,850 crore compared to previous years Rs. 1,453 y-o-y. Revenues also grew by 6 percent at Rs. 7,657 crore as against 7,213 crore y-o-y, reported by the company.



The scrip opened at Rs. 85.50 and touched day’s high of Rs. 88.40 before the results were announced. Later on it slipped to day’s low of Rs. 83.70 as soon as results were out. It managed to settle at Rs. 84.50 on market closure.


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April 24, 2017

Reliance Industries beats street estimates, post net profit at Rs 8,151 crore for Q4


Yes Bank beats estimates, reports Rs 914 crore Q4 net profitReliance Industries has reported a rise in Net Profit at Rs 8,151 crore, up by 1.60 percent for the quarter ended on March 2017. Its annual profit stood at Rs 31,425 for FY17, up by 18.80 percent Y-o-Y.

Company’s Gross Refining Margins improved by 6 percent to $11.5 per barrel, as against $10.8 in FY16 for the same period.

The company reported a standalone Total Revenue of Rs 74,598 crore, up by 12 percent as compared with Rs 66,606 crore for previous quarter. Its annual Total Revenue for FY17 stood at Rs 265,041 crore as compared with FY16 of Rs 251,241 crore.

The EBIDTA (Earnings Before Interest, Tax, Depreciation and Amortisation) margin of the company surged by 17.09 percent, to Rs 75,696 crore as compared to Rs 69,631 Q-o-Q for FY17.

The Petrochemical EBIT (Earnings Before Interest & Tax) margin for the quarter ended on March 2017, declined to 13.6 percent from 13.9 per cent Y-o-Y in the same period. Even Refining EBIT (Earnings Before Interest & Tax) margins too were down by 9.8 percent, as compared with 15.8 percent for FY16 in the same quarter.

The company has recommended a dividend of Rs 11 per Equity Share on face value of Rs 10.

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April 19, 2017

Yes Bank beats estimates, reports Rs 914 crore Q4 net profit


Yes Bank beats estimates, reports Rs 914 crore Q4 net profitYes Bank reported a net profit of Rs 914.10 crore for the quarter ended on March 2017. A rise of 3.5 percent Q-o-Q, compared to 822.60 crore of previous quarter Q3FY17. Annual Net Profit jumped by 30.20 percent as compared to FY16.

It reported Total Net Income of Rs 2,897.10 crore for Q4FY17 a rise of 41.70 percent Y-o-Y basis. While, the Total Income for FY17 stood at Rs 9,954.10 crore rising by 36.80 percent.

A growth of 32.10 percent was seen in Net Interest Income on Y-o-Y basis at Rs 1,639.70 crore for the quarter ended on March 2017. For FY17, Net Interest Income stood at Rs 5,797.30 crore an increase by 26.90 percent. Net Interest margin was tad up at 3.60 percent for Q4FY17 from 3.50 percent as compared with previous quarter.

Nonetheless, the Gross Non Performing Advances rose to Rs 2,018.60 crore a rise by 1.52 percent against Rs 1,005.85 crore in previous quarter. While Net Non Performing Assets grew by 0.81 percent at Rs 1,072.30 crore as compared to Rs 342.50 crore in Q3FY17.

Key Highlights:
  • Profit of Rs 914.1 Crores in Q4FY17 and 30.20 percent growth Y-o-Y.
  • For FY17, Net profit grew by 31.1% to Rs 3,330.1 Crores.
  • Total Net Income of Rs 2,897.1 Crores in Q4FY17 y-o-y growth of 41.7%.
  • Total Net Income grew by 36.8% in FY17 to Rs 9,954.1 Crores.
  • Net Interest Income of Rs 1,639.7 Crores for Q4FY17; y-o-y growth of 32.1%. For FY17, NII increased by 26.9% to Rs 5,797.3 Crores on back of growth in Advances & CASA and expansion in NIM
  • NIM expanded to 3.6% for Q4FY17 from 3.5% in Q3FY17. NIM stands at 3.4% for FY17
  • Healthy return ratios with RoA at 1.8% and RoE at 21.8% in Q4FY17. For FY17, RoA expanded to 1.8% from 1.7% for FY16 and RoE increased to 21.5% from 19.9% for FY16.
The company has recommended a dividend of Rs 12 per Equity Share on face value of Rs 10.

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April 18, 2017

TCS misses estimates marginally, posts net profit at Rs 6,608 crore


TCS misses estimates marginally, posts net profit at Rs 6,608 croreTata Consultancy Services reported consecutive fall in net profit, for the quarter ended 31 March 2017. It posted a net profit of Rs. 6,608 crore, down by 2.5 percent as compared to its previous quarter of Rs. 6,778 crore.

Its Operating Profit stood at Rs. 7,627 crore, down 1.4 percent Q-o-Q. While revenues were tad down by 0.30 percent to Rs. 29,642 crore Q-o-Q.

Revenues in dollar terms raised by 1.50 percent to $4,452 million, compared to December 2016 Q-o-Q. While in constant currency, revenues grew by one percent.

Company gave operating margin guidance at 23-25 percent and revenue guidance at 6.5 – 8.5 percent in constant currency for financial year 2018.


Key Highlights:
  • Annual FY17 Revenues at Rs 117,966 crore, up by 8.86 percent
  • Annual FY17 CC Growth, 8.3 percent; FY17 Volume Growth at 8.50 percent
  • Annual FY17 Net Profit at Rs. 26,289 crore, up by 8.60 percent Y-o-Y
  • Annual FY17 Cash Flow from Operations at Rs. 26,992 crore, up by 15.4 percent Y-o-Y
  • FY17 Q4 Revenues at Rs. 29,642 crore, up by 4.2 percent Y-o-Y
  • FY17 Q4 Net Profit at Rs. 6,608 crore, up by 4.2 percent Y-o-Y
The company has recommended a final dividend of Rs. 27.50 per Equity Share of Re 1 face value.

Earlier, on February 20, 2017, the company has approved a buyback of up-to 5,61,40,351 (Five crore sixty one lakh forty thousand three hundred and fifty one only) equity shares of the company. A 2.85 percent of the total paid up capital, an aggregate amount not exceeding Rs 1,600 crore, at Rs. 2,850 per equity share.
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