Q4 Results Update

TCS Q4 Net down 2.1% Revenues down 1.5%, declares 1:1 Bonus

TCS has reported a Full year Revenue of 27812 Crores and Net Profit of 5256 Crores. The profits were up 4.5 % and Sales were up 21.6% against last year. The Board has also approved issue of 1Bonus share for each share held in the company. The company has also declared a final dividend of Rs. 5 per share. The total employee strength of the company is 143,761. The forex losses stood at Rs. 781 Crores. The Company had a Cash of Rs 4300 Crores on its Balance Sheet as of 31st March,2009.  The EPS for FY09 stood at Rs. 52.85. The TCS results look good considering the fact that the company had a hit of 781 Crores on account of forex losses.

TCS’ full services strategy significantly contributed to overall company performance.  BPO and Infrastructure services grew by more than 40% compared to FY08. Demand for core IT and ADM services remained strong, with more than 50% of the large deals in FY09 coming in this space. Engineering services grew through FY09, though ongoing pressure in the US Auto and Hi Tech industry could adversely affect demand in FY10.

TCS Result Highlights

Sesa Goa Q4 Net profit down 33%

Company posted Q4 Revenues of 1430 Crores Vs 1681 last year. Net profit was down at 548 crores Vs 812 crores last year. For the Full year, the company posted Revenues of 4926 Crores Vs. 3766 Crores last year and net Profit at 1988 Crores Vs 1542 Crores. The company’s FY09 EPS stood at Rs. 25.26

Sesa Goa Result Highlights

Axis Bank net zooms 61% Interest Income up 25%

Good set of numbers posted by Axis Bank. Net profit for Q4 zoomed 61 % to Rs. 581 Crores. Net Interest income shot up 25% to 1032 .6 Crores while the Fee based Income grew 42% to touch 664 Crores. Demand deposits have grown 26.52% yoy, and constitute 43% of the total deposits, with Savings Bank deposits having grown 29% yoy and Current Account deposits having grown 24% yoy. The Net NPAs, as a proportion of net customer assets, have reduced to 0.35% from 0.36% at the end of the preceding year and declined from 0.39% at the end of December’08. The Bank’s Capital Adequacy Ratio was 13.69% as at end March’09 as compared to 13.73% as at end March’08.

Bank’s FY09 EPS stood at Rs. 50.27 against 31.31 last year. The Board has proposed 100% dividend.

Axis Bank Result Highlights

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Infosys Results & Guidance indicate tough road ahead

Infosys has declared the Q4 Results.

• Q4 FY09 net profit dipped 1.7% at Rs 1,613 crore as against Rs 1,641 crore on quarter-on-quarter basis.
• Revenue declined by 2.61% at Rs 5,635 crore as against Rs 5,786 crore QoQ.
• Consolidated net sales for FY09 at Rs 21,693 crore versus Rs 16,692 crore (a jump of 30%) and increase of 28.5% in Consolidated net profit at Rs 5,988 crore versus Rs 4,659 crore.
• Infosys has recommended a final dividend of Rs 13.5/share.
• Top client revenues for the quarter ended March 2009 declined by 12.06% QoQ
• Top 10 client revenues declined by 5.75% QoQ

These are highlights of Q4 Results. Now lets look at how the future appears to the Infosys management

• Q1 Revenue forecast at Rs. 5,379-5,480 crore.
• Q1 EPS seen at Rs. 23.55
• FY10 revenues to decline by 3.1-6.7% in dollar terms while increase in revenues by 1.7-5.7% in rupee terms
• EPS for full year FY10 at Rs 96.65-101.18 a share versus Rs 104.43 in FY09

What does Infosys result indicates?

Slowdown in Revenue Growth Evident

A drop in Revenues for the company which had made it a habit to surprise investors with superior financials is a clear indicator of things to come. Further the guidance for Q1 FY10 and Full year predicts a challenging environment both in terms of pricing as well as new business. Top 10 client revenues saw a sharp decline which means that there will be tremendous pressure on billing rates in the days to come.

Infosys results are a clear indicator of drastic cut by companies on their IT spend. Obviously, when things are in pretty bad shape due to ongoing recessionary trends, companies would tend to cut down on their IT investments to maintain their bottom lines. Similar and more downtrend would be visible in the revenues of other IT companies.

Cost Optimization would be crucial

In a scenario where a company is not able to grow its revenues, it becomes imperative to cut down on the operating costs to generate profits. This would be visible not only in the IT companies, but across the sectors as the pressure to preserve margin mounts. As a result, we would see major Headcount reductions being announced by companies more particularly in IT sector as headcount is a major cost factor.

Is Revenue segmentation a Indicator ?

If we see change in Revenue Segment by Industry, it gives at least an indication of the broad environment of that industry. The sharpest drop in Infosys Revenue came from Financial Services and Manufacturing Industry Clients. This indicates that these industry are facing serious challenges and hence cutting on their IT spend. The Revenues from Telecom sector has increased conforming that this industry has not been impacted in a major way by the ongoing slowdown.

As the results season starts, we would need to see how Indian companies performed in the Q4. There are no high expectation this time around and if a company reports QoQ growth that would be a good indication of companies performance. I personally feel that Infosys results and guidance are reasonably good considering the severe drop in consumption and negative sentiments globally. The companies stock at Rs. 1400 looks reasonably priced and don’t see much movement on either side due to the results.

Resources

Highlights of Infosys Q4 results

Infosys Investor Presentation Download

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Greater Noida Residential Plots Draw Result Sec 3 (120 Sq. mtr) General & Farmer Category

 

The results for Scheme XT001 for Sector 3 120 Sq. Mtr. plots,  general and Farmer category are out. The Draw was held on December 23rd,2008.

Click the link below which will take you to draw result website and enter your Application Form No. to check the Result

- Sector-3 (120 Sqm) General & Farmer Category Results

Alternatively, you can leave your Application number in the comments on this blog and we will respond back with your results.

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Market Chers Infosys results, Guidance

Infosys sends positive wibes, posts 57% YOY rise in Profits

The infosys results which were awaited very anxiously by the markets came out to be a morale booster for the markets. Though the results had not thrown any extraordinary surprise, the markets took comfort in the fact that there was no bad news either.

Infosys FY07 Revenues were up 45.91% to Rs 13,893 crore from Rs 9,521 crore. Net profit leaped 56.87% to Rs 3,856 crore from Rs 2,458 crore.

The company reported net profit of Rs 1,144 crore in the fourth quarter versus Rs 983 crore in the previous year, a growth of 16.38%. The net profit included Rs 124 crore of reversal of tax provision.Its revenues increased by 3.2% to Rs 3,772 crore from Rs 3,655 crore, QoQ.

The company has added 34 new clients in Q4 compared to 43 new clients in Q3 and 5992 employees versus 3282 employees in Q4.

As per Indian GAAP, Infosys has predicted an EPS of Rs 80.29 to Rs 81.58 for FY 2008, a growth of 20 - 22%, compared to an EPS of Rs 66.86 in FY 2007. The company had forecast 22.6 - 24.6% growth in revenue for FY 2008, between Rs 17038 crore and Rs 17308 crore. Infosys has considered the rupee-dollar conversion rate at 43.10.

The Board of Directors recommended a final dividend of Rs. 6.50 per share (130% on par value of Rs. 5 per share) for fiscal 2007

Next on Investment Guru : Teledata: Transformation or Illusion ? Read More!

Reliance Ind. proves its Mettle

Reliance lives up to its image, delivers excellent Results

“It has been an excellent quarter for RIL. Our integrated and globally competitive business portfolio continues to help RIL de-risk its business model and deliver a superior operating performance. I am pleased with the launch of “Reliance Fresh”, Reliance’s initiative in the organized retail sector that
shall create a unique value proposition for the Indian consumer. RIL remains committed to deploying its cash flows in growing its existing and new businesses.” Mukesh Ambani

It has become a habit for Mukesh Ambani to outperform expectations of its shareholders and this has been the foundation for the strong faith the Investing community has in the vision and leadership abilities of Mukesh Ambani in driving Reliance towards new horizons. True to its nature, reliance Industries delivered a strong Q3 performance.

Highlights of RIL YTD Performance

Turnover has risen by 33 % to Rs. 83,487 crore (US$ 18,863 million).

Net Profit has risen by 23% to Rs. 8,055 crore (US$ 1,820 million) – the highest ever for any private sector company in India.

Gross refinery margin of US$ 11.7 / bbl in this quarter – highest ever out- performance over the benchmark Singapore complex

Nine Months EPS at Rs. 57.8

Highlights of RIL Q3 Performance

TurTurnover has risen by 40 % to Rs. 27,771 crore.

Net Profit has risen by 58% to Rs. 2,799 crore.

Q3 EPS at Rs. 20.1

Other Highlights
RIL’s contribution to the national exchequer in the form of various taxes was Rs. 9,068 crore (US$ 2,049 million).

Reliance exports increased to Rs 16,013 crore (Rs 160.13 billion) from Rs 6,638 crore (Rs 66.38 billion).

RIL’s international rating from both Moody’s and S&P is above the sovereign rating of India.

The petchem production also surged up 34% to 3.63 million tonnes versus 2.72 million tonnes. The company's Petchem revenues improved to 48.2%.

The Gross Refining Margins stood at USD 11.70 per barrel versus Singapore GRM of USD 3.7 per barrel.

In order to further strengthen the prospects of its E&P business, RIL has bid for 21 blocks in the sixth round of NELP bidding. This round of bidding witnessed high level of participation by leading international players.

Read More!

Results Watch, Stocks in News

HCL Technologies reported a 39 per cent jump in its revenues for the second quarter of 2006-07 at Rs 1,465 crore over the corresponding quarter of previous fiscal. The company posted a gross profit of about Rs 563 crore in the quarter, up 41.8 per cent year-on-year.

TCS : The company posted net profit of Rs 1104.7 crore (Rs 11.04 billion) versus Rs 991.5 crore (Rs 9.91 billion) in the previous quarter, increased by 11.41%. TCS added 7835 employees and net employees addition was 5562 versus .

IPCL registered net profit of Rs 405 crore (Rs 4.05 billion), up 40.1% against Rs 289 crore (Rs 2.89 billion) in the same quarter of the previous year.

Tulip IT services posted net profit of Rs 27.5 crore (Rs 275 million) in the third quarter compared to Rs 20.2 crore (Rs 202 million) in the previous quarter.

Results on Tuesday, 16th January,2007
ABB, Bajaj Auto, HT media, Gujarat Ambuja Exports, Jubiliant Org, Patel Eng, Prism Cements,

Results on Wednesday ,17th Jaunary,2007
Wipro, Lupin Labs, NDTV, 3i Infotech, Alembic,Diamond Cables, Kirloskar oils, NIIT Tech.

Reliance will declare its Results on Thursday,18th January

Govt. okays Bharti-Walmart Combo on FDI
While Bharti would be managing the front-end that involves opening retail outlets, the US-based world's largest retailer would take care of the back-end such as cold chains and logistics.
With the government finding no fault with the venture, the stage is now set for other global retail chains like Tesco of UK and Carrefour of France to sew their deals for foray into the growing Indian market with similar arrangements. (ET)

Tatas call on Lanka's Suntel
If the deal is successful, Suntel will be VSNL’s third telecom service provider outside India. VSNL already has 51% stake in Neotel, South Africa’s second national operator, and is also in the process of picking up 26% in InfraCo, a new telecom network operator in South Africa (ET)

Reliance Q3 net seen up 26%
India's top private petrochemical and oil firm, Reliance Industries Ltd, is expected to report on Thursday its quarterly earnings rose 26 per cent due to robust margins from petrochemicals. Reliance operates a 660,000 barrel per day (bpd) refinery at Jamnagar in western India that can process cheap and high sulphur grades of crude to produce high-value products. Full-year earnings are forecast to rise 10.2 per cent to Rs 99.98 billion, according to Reuters Estimates. (ET)

Tata Steel buys Rawmet Ferrous
Rawmet has a ferro alloy plant near Cuttack consisting of two 16.5 MVA semi closed electric arc furnace having a capacity of producing around 50,000 tonnes of high carbon ferro chrome per annum. (ET) Read More!

Markets Cheers Q3 results, all eyes on RIL

Sentiments positive on Strong Q3 results, Reliance firework on the cards
The Stocks markets are in a mood to celeberate and why not ! The Q3 results have given them an opportunity to do that. Bouyant by the positive sentiments and overall buying , the sensex touched all time high of 14202 before settling at 14130. Nifty also touched its all time high of 4099 during the day.

Today we saw wonderful set of numbers reported by the companies. CMC reported a 69% jump in net profit for December 2006 quarter. CMC’s consolidated net profit jumped 69% in December 2006 quarter, to Rs 20.40 crore (Rs 12.07 crore). The stock closed at 900 after touching 974 levels.

Geometric Software Solution surged 4.25% to Rs 141.25, after it unveiled a net profit growth of 254% for Q3 December 2006 to Rs 8.29 crore in Q3 December 2006, compared to Rs 2.34 crore in Q3 December 2005.

Tata Sponge Iron reported a 193% surge in net profit in December 2006 quarter. Net sales rose 98.9% to Rs 82.13 crore (Rs 41.29 crore). The stock rose 20% on the news.

Steel stocks were in demand. SAIL continued its surge backed by statement from Steel minister that the company will invest Rs 100,000 crore to raise capacity from 14.6 million tonnes per annum to 40 mtpa by 2020. Sail had earlier announced scaling up capacity to 23.8 mtpa by 2010.

Uttam Galva Steels jumped 12% to Rs 42, after the company raised galvanised steel prices by Rs 1,500 a tonne to Rs 50,000 per tonne on Monday.

Rajesh Exports posted a net profit growth of 57.71% to Rs 28.12 crore in Q3 December 2006 compared to Rs 17.83 crore in Q3 December 2005. Net sales rose to Rs 1872.45 crore from Rs 1294.02 crore. The stock price shot 5% on the results. Read More!