On a consolidated basis, Tata Motors reported 48.7% fall in net profit to Rs 2768.91 crore on 5.5% fall in total income to Rs 61326.75 crore in Q1 June 2015 over Q1 June 2014. The company announced the result after market hours today, 7 August 2015.
Tata Motors said that its consolidated revenue (net of excise) fell 5.66% to Rs 61020 crore in Q1 June 2015 over Q1 June 2014. Tata Motors attributed the decline in revenue to lower sales and weaker geographic mix at its British luxury car unit Jaguar Land Rover (JLR). As per International Financial Reporting Standards (IFRS), JLR's net profit dropped 29% to GBP 492 million on 6.55% decline in revenue to GBP 5,002 million in Q1 June 2015 over Q1 June 2014. JLR's earnings before interest, taxation, depreciation and amortization (EBITDA) fell 24.47% to GBP 821 million in Q1 June 2015 over Q1 June 2014.
Tata Motors' revenue (net of excise) on standalone basis jumped 20.66% to Rs 9297 crore in Q1 June 2015 over Q1 June 2014. Tata Motors' standalone business mainly comprises of its commercial vehicles and passenger vehicles business in India.
Wockhardt, GMDC, Engineers India, Adani Power, Adani Ports and Special Economic Zone and Adani Transmission will announce quarterly results today, 10 August 2015.
Net profit of Divi's Laboratories rose 44.81% to Rs 243.18 crore on 26.13% rise in net sales to Rs 806.91 crore in Q1 June 2015 over Q1 June 2014. The result was announced on Saturday, 8 August 2015.
Shares of hospitality companies, tour operators and aviation companies will be in focus after the government on Friday, 7 August 2015, announced that it has decided to extend the e-Tourist Visa scheme to 36 more countries and 7 more airports from 15 August 2015. In a statement issued after trading hours on Friday, 7 August 2015, the Ministry of Home Affairs said that the addition of more countries and airports in e-Tourist Visa scheme is expected to give a big boost to the tourism industry in the country.
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Telecom stocks will be in focus after sector regulator Telecom Regulatory Authority of India (TRAI) on Friday, 7 August 2015, made it mandatory for telecom operators to provide information to mobile data users regarding data used after every 10MB of data usage to all mobile data users except users of special data packs. TRAI has also directed telecom operators to give information to users of various special data packs whenever the limit of data usage reaches 50%, 90% and 100% of data available in the account of the subscriber or when the data balance available in the account of the subscriber reaches 500 MB, 100 MB and 10 MB. Further, telecom operators will have to inform mobile data users about the details of tariff applicable after exhausting the data limit when the data limit reaches 90% or the data balance available in the account reaches 10 MB. For an international roaming customer, telecom operators will be required to send alerts, cautioning him to deactivate data service if he does not intend to use data services. All these requirements will have to be implemented by 1 November 2015.
TRAI also said that service providers should activate mobile data service only with the explicit consent of the subscriber through a toll free short code 1925. The data services could also be deactivated through the toll free short code 1925. Data services through Special Tariff Voucher or Combo Voucher or add-on pack will be deemed to have been activated with consent till the expiry of the validity period of the voucher/pack or on the consumption of entire data, whichever is earlier. All these requirements will have to be implemented by 1 September 2015.
Thomas Cook (India) announced after market hours on Friday, 7 August 2015, that it has signed a definitive agreement with Kuoni Group to acquire Kuoni's Travel businesses across India and Hong Kong in entirety for a consideration of Rs 535 crore. The transaction remains subject to regulatory approvals as required. As part of the acquisition, Thomas Cook (India) will take on all of the approximately 1,800 employees of Kuoni's business unit in India and Hong Kong tour operating. and will continue to run the business activities as an independent company.
Lupin announced after market hours on Friday, 7 August 2015, the opening of its new Center of Excellence for Inhalation Research in Coral Springs, Florida. Bringing 45 highly skilled positions to Broward County, Lupin's South Florida expansion recognizes the steady growth of Florida's life sciences industry and the economic potential it holds for the state. Lupin's new facility will focus on the research and development of inhalation products for the treatment of asthma, allergic rhinitis, chronic obstructive pulmonary diseases and other lung diseases.
Kesoram Industries will be watched. With respect to news titled, "JK tyre in final lap to acquire Kesoram tyre unit/arm. Deal likely to be announced next week. JK Tyre likely to offer Rs. 2200 crs for the deal. Deal aimed to cut debt on books over Rs. 4400 crs," Kesoram Industries clarified after market hours on Friday, 7 August 2015, that it has three Business Units/Arms -Cement, Tyre and Rayon. The company has no intentions whatsoever to dispose of any or all these Business Units/Arms. Reports to the contrary appearing in the media are, therefore, entirely speculative and misleading. However, as already communicated to the stock exchanges on 7 February 2015, the company is looking at monetising some of its assets and would, therefore, inevitably be in discussions in this regard. The company reiterated that such monetisation would not include disposing of the business units/arms indicated above.
JK Tyre & Industries will be in focus. With reference to the news titled, "JK tyre in final lap to acquire Kesoram tyre unit/arm. Deal likely to be announced next week. JK Tyre likely to offer Rs 2200 crs for the deal. Deal aimed to cut debt on books over Rs 4400 crs," JK Tyre & Industries clarified after market hours on Friday, 7 August 2015, that there is no transaction between the company and Kesoram Industries. Any development in JK Tyre will be reported in terms of the Listing Agreement, it added.
Net profit of Rural Electrification Corporation (REC) rose 15.26% to Rs 1478.58 crore on 21.3% rise in total income to Rs 5709.63 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours on Friday, 7 August 2015.
Rural Electrification Corporation (REC) announced after market hours on Friday, 7 August 2015, that its board approved the proposal for incorporation of one project specific Special Purpose Vehicle (SPV), as subsidiary company of REC Transmission Projects Company (RECTPCL), for the transmission scheme namely "System Strengthening Scheme in Northern Region (NRSS-XXXVI)" along with LILO of Sikar- Neemrana 400 kV D/C line at Babai (RRVPNL). The company to be incorporated will also be a subsidiary company of REC in terms of the provisions of Section 2(87) of the Companies Act, 2013.
The board also approved the proposal for sale and transfer of 50,000 equity shares of Maheshwaram Transmission (existing project specific SPV Company of RECTPCL) to successful Bidder i.e. Sterlite Grid 3. The Ministry of Power vide its letter dated 29 July 2015 has also conveyed its approval for the above sale and transfer of 50,000 equity shares of MTL to Sterlite Grid 3. Further, in terms of Section 2(87) of the Companies Act, 2013, Maheshwaram Transmission is also a subsidiary company of REC.
Voltamp Transformers announced after market hours on Friday, 7 August 2015, that the contract workmen working at company's Savli factory situated at Vadodara in Gujarat, are staying away from work, demanding unreasonable rise in wages inspite of having valid settlements with them. Production activities at the said factory are temporarily affected. However, operations at the company's Makarpura Factory situated at Makarpura, Vadodara, Gujarat are totally normal.
Kiri Industries announced after market hours on Friday, 7 August 2015, that its board has approved allotment of 24.56 lakh equity shares upon conversion of warrants issued to Anupaama Kiri, promoter group. The said warrants were issued to her on 10 October 2014. The board also approved allotment of 3.86 lakh equity shares upon conversion of Series B and Series C foreign currency convertible bonds (FCCBs) to LTS Investment Fund.
Net profit of Gujarat State Petronet rose 32.66% to Rs 112.76 crore on 10.95% rise in net sales to Rs 255.68 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours on Friday, 7 August 2015.
On a consolidated basis, net profit of Cox & Kings rose 5.02% to Rs 134.52 crore on 7.52% decline in net sales to Rs 681.85 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours on Friday, 7 August 2015.
On a consolidated basis, net profit of Gateway Distriparks declined 41.41% to Rs 21.63 crore on 5.54% decline in net sales to Rs 262.77 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours on Friday, 7 August 2015.
On a consolidated basis, net profit of Sobha declined 21.05% to Rs 45 crore on 20.06% decline in net sales to Rs 460.40 crore in Q1 June 2015 over Q1 June 2014. The result was announced after market hours on Friday, 7 August 2015.
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