Q3 results Continue to delight

ICICI Bank Outperforms, Net up 42%, Interest Income up 32%


  • Operating profit increased 65% to Rs. 1,976 crore (US$ 446 million) for Q3-2007 from Rs. 1,194 crore (US$ 270 million) for Q3-2006.
  • Profit after tax for Q3-2007 increased 42% to Rs. 910 crore (US$ 206 million) from Rs. 640 crore (US$ 145 million) for Q3-2006.
  • Net interest income increased 32% to Rs. 1,709 crore (US$ 386 million) for Q3-2007 from Rs. 1,296 crore (US$ 293 million) for Q3-2006.
  • Fee income increased 53% to Rs. 1,345 crore (US$ 304 million) for Q3-2007 from Rs. 881 crore (US$ 199 million) for Q3-2006
  • Retail assets increased 50% to Rs. 117,914 crore (US$ 26.6 billion) at December 31, 2006 from Rs. 78,495 crore (US$ 17.7 billion) at December 31, 2005
  • Deposits increased 47% to Rs. 196,893 crore (US$ 44.5 billion) at December 31, 2006 from Rs. 133,881 crore (US$ 30.3 billion) at December 31, 2005.

More Details on ICICI Bank's results

Pfizer Net Zooms 50%

  • Pfizer has declared its fourth quarter results. Its fourth quarter net profit stood at Rs 106.33 crore against Rs 70.73 crore in corresponding quarter previous year.
  • Its Q4 total income was up at Rs 726.26 crore as compared with Rs 644.09 crore YoY.

Chennai Petro Net up 14%, Declares Dividend

  • Chennai Petro has posted a 14.42% increase in net profit to Rs 243.50 million for the quarter ended Dec 31, 2006, whereas the same was at Rs 212.80 million for the quarter ended Dec 31, 2005.
  • The Comapny has declared a dividend of 120% for the year 2005-06. This includes the 30% interim dividend paid in February, 2006.

ING Vysya Net zooms 294%

  • The company has posted net profit of Rs 143.30 million for the quarter ended Dec 31, 2006 as compared to Rs 48.60 million for the corresponding quarter, last year.
  • Total income has increased by 9.94% to Rs 3846.70 million for the quarter ended Dec 31, 2006 from Rs 3498.90 million for the quarter ended Dec 31, 2005.

Bharat Forge Net up 23%

  • Third quarter net profit stood at Rs 76.95 crore versus Rs 62.69 crore in corresponding quarter previous year.
  • Q3 total income total income was up at Rs 1037.09 crore as compared with Rs 956.67 crore, YoY.

Havell's India Net up 62%

  • Net profit increased to Rs. 258 million as compared with a profit of Rs. 158.9 million in the corresponding quarter of the previous year.
  • Net sales for the quarter jumped 72.04% to Rs. 3,909 million compared with Rs 2,272.1 million, a year ago.

GNFC disappoints, Net Down 23%

  • Net profit at Rs 521.90 million for the quarter ended Dec 31, 2006 as compared toRs 675.90 million for the quarter ended Dec 31, 2005.
  • The profit has been impacted by an unplanned shutdown of ammonia plant for 36 days and a 30 days shut-down for other major plants. The plants were recommissioned during the quarter

Sobha Developers Net up 49%

  • Q3 Net Profit was 45.7 Croroes as compared to 30.6 crores in corresponding quarter last year.
  • Net Sales at 298 Crores saw a growth of 77% as compared to 168 Crores in Q3 of last year.
  • Q3 EPS stood at Rs. 7.13. EPS for Nine Months ending 31st december stood at 15.49.

Radio Mirchi Q3 Net up 14%

  • Total income grew by 30.6% to Rs. 48.41 crores compared to Rs. 37.07 crores for the quarter ended December 31, 2005.
  • The Company’s earnings before interest, depreciation, tax and
    amortization (EBITDA) grew 20.8% percent to Rs. 17.65 crores and net profit
    stood at Rs. 12.40 crores, up 13.9% YoY. On a like basis (7 Phase I stations only),
    EBITDA for Q3FY07 stood at Rs. 15.11 crores, up 3.4% YoY.
  • The new stations namely Bangalore, Hyderabad and Jaipur recorded EBITDA
    margin of 28.2% for the quarter.

Coming up on this Blog....

How to Invest for Tax Savings ?

12 comments:

KK said...

Hi rajesh
It's long time since we have seen a market update on your blog.... would request you to please provide your outlook on the market movements with one months timeframe...also I am eagerly waiting for your article on tax saving avenues.

thanks..KK

Rohan said...

Hi rajesh,
In your post on Warren buffet,you
mentioned of posting more on such value investors.Looking forward to such posts.

Thanks,
Rohan Shetty.

May said...

Hi Rajesh,

I have some basic idea of OPTIONs & wish to use them , however am not confident about trading in the same. Can you please guide me through this product, Any online site where i can do mock trading in options.

sarvesh said...

Hello Rajesh,

Today i noticed that there was 93% delivery component in the overall trade of skumars,i guess you were right in saying that investors are piling up the stock.

I have already acquired some 600 shares at an average acquisition rate of 74.Do you suggest to catch on to some more of it.

More than that i will eagerly wait for your blog on tax savings.I need to invest some part in it as my employer has given the last date for us to submit the investement proof.

Adieu,
Sarvesh.

gaurav said...

Dear Sir,
I am looking forward to your article on Tax savings. I want to invest 50000 in some good mutual funds. Please suggest which one is the best for tax savings.

thanks
gaurav

Anonymous said...

Dear sir,
I have to submit the tax proof before 10th February. I would be grateful if you can put your article before that so that I can make a good decision. Till now I am putting my money in PPF and NSC.

Thanks,
Suman

vishesh agarwal said...

Rajesh ji skumar ka share ka price niche ho raha hai,ap ke anusar hume abhi wait karna chahie ya abhi kuch aur shares accumulate karna chahie.

aur han tax savings ke apke blog ka tahe dil se intezar hai.

Dhanyawad,
vishesh.

Rohan said...

Hi Rajesh,
Could you kindly comment on Action constructions?

Thanks,
Rohan

Rajesh Soni said...

Hi KK,
will provide a market update next week.

Rajesh Soni said...

Hi Rohan,
Hope you are doing fine.
Yes, I will post for more such value investors but cannot set a time line as of now. It just depends on availability of time.

Rajesh Soni said...

Hi May
I beleive you could do it on Moneybhai.com but the site is down for some time. Not sure of any other site on Indian markets as of now.

Rajesh Soni said...

Hi Vishesh and Sravesh

I would suggest a hold at this time. Let me find out more on what;s cooking up on this stock