Trading of CNX Nifty futures on the Singapore stock exchange indicates a flat opening of Nifty. Most Asian stocks edged higher. Coal India's net profit jumped 89.66% to Rs 2320.61 crore on 62.86% rise in total income to Rs 2801.58 crore in Q4 March 2013 over Q4 March 2012. The company announced its Q4 results after market hours on Monday, 20 May 2013.
Sangita Jindal, one of the promoters of JSW Energy has made an offer for sale of 2.82 crore shares of the company on 22 May 2013 exclusively through the separate windows provided by the bourses for this purpose. The sale will commence at 9:15 IST and will close at 15:30 IST on 22 May 2013.
Oracle Global (Mauritius), which is a company duly incorporate under the laws of Mauritius and the promoter of Oracle Financial Services has submitted to BSE a notice of offer for sale of 44.30 lakh shares of the company on 22 May 2013 through a sale on the separate window provided by the bourses for this purpose.
Divi's Laboratories' consolidated net profit fell 16.75% to Rs 180.57 crore on 7.94% decline in total income to Rs 665.10 crore in Q4 March 2013 over Q4 March 2012. The result was announced after market hours on Monday, 20 May 2013.
Divi's Laboratories' consolidated net profit rose 12.89% to Rs 602.01 crore on 14.04% growth in total income to Rs 2189.65 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).
Divi's Laboratories' said that in FY 2013, the addition to fixed assets amounted to Rs 248 crore. In addition, an amount of Rs 303 crore is carried forward as capital work in process (WIP) for the capital works under execution, the company said.
During the year, the company's unit-II facility was successfully inspected by TGA, Australia (GMP), USFDA for Nutraceutical facility, USFDA for API site (pre-approval and Cgmp), Slovenian Medicines Agency (EU GMP inspection for 7 APIs), Divi's Laboratories said in a statement.
Divi's Laboratories' board of directors at a meeting held on Monday, 20 May 2013, recommended dividend of Rs 15 per share for FY 2013.
IFCI's net profit fell 31.61% to Rs 149.94 crore on 8.24% decline in total income to Rs 735.38 crore in Q4 March 2013 over Q4 March 2012. The result was announced after market hours on Monday, 20 May 2013.
IFCI's net profit fell 32.05% to Rs 450.87 crore on 3.18% decline in total income to Rs 2759.30 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).
On consolidated basis, IFCI's net profit declined 25.56% to Rs 532.78 crore on 1.84% growth in total income to Rs 3188.67 crore in FY 2013 over FY 2012.
IFCI's board of directors at a meeting held on Monday, 20 May 2013, recommended dividend of Re 1 per share for FY 2013.
Thomas Cook (India) after market hours on Monday, 20 May 2013 clarified to a media report that the company, as part of its strategy intent, consistently evaluated various operating models, which include consolidation of work places. In light of above, the company is continuously exploring opportunities that may arise due to changes in the market for this domain, and JLL is one of the parties the company has been in touch with, Thomas Cook (India) said. This clarification from Thomas Cook (India) comes in the wake of a media report on Monday, 20 May 2013 stating that the company was looking to monetize its land assets and has appointed JLL as its consultant.
Hotel Leelaventure reported net loss of Rs 142.17 crore in Q4 March 2013, as against net profit of Rs 209.66 crore in Q4 March 2012. Total income from operations (net) rose 44.01% to Rs 200.63 crore in Q4 March 2013 over Q4 March 2012.
Hotel Leelaventure reported net loss of Rs 433.46 crore in the year ended 31 March 2013 (FY 2013), as against net profit of Rs 18.63 crore in the year ended 31 March 2012. Total income from operations (net) rose 14.34% to Rs 653.86 crore in FY 2013 over FY 2012.
On consolidated basis, Hotel Leelaventure reported net loss of Rs 433.49 crore in FY 2013, as against net profit of Rs 18.62 crore in FY 2012. Total income from operations (net) rose 14.34% to Rs 653.86 crore in FY 2013 over FY 2012. The operational profit before interest and depreciation has substantially increased to Rs 112.66 crore in FY 2013, from Rs 18.57 crore in FY 2012, a six fold surge YoY. The increase in the revenue and operating profit has come mainly from the The Leela Palace, Delhi which is steadily improving performance and from The Leela, Goa, the company said in a statement.
The Leela Palace, Chennai with 326 rooms commenced its operations in January 2013 and is expected to contribute significantly to the company's revenue and operational profit in FY 2014, Hotel Leelaventure said in a statement.
The company has a total debt of Rs 4602 crore as on 31 March 2013 mainly on account of capital expenditure incurred to set up the Udaipur, Delhi and Chennai hotels, apart from acquiring plots at Agra, Pune and Bangalore, next to The Leela Palace, Hotel Leelaventure said in a statement.
Hotel Leelaventure said it has met its debt service obligations to the lenders during the year, in line with the approved CDR package and is making all efforts to meet the debt service obligations in the current year also by monetization of the non-core assets and stake sale in one or two of its Hotel properties, retaining the operational management. Consequently, the interest burden would be substantially lower from FY 2014-15 onwards, the company said. Hotel Leelaventure said it has signed a Management Contract for managing hotel at Bhartiya City in Bangalore and a memorandum of understanding (MoU) for managing a hotel in Noida being developed by Supertech Group. The company said that it is in discussions with several other developers for managing their hotels in various locations in India and overseas. Hotel Leelaventure said it continues to follow this asset light strategy for future growth.
Shriram City Union Finance's consolidated net profit surged 33.16% to Rs 125.61 crore on 37.91% growth in total income to Rs 841.14 crore in Q4 March 2013 over Q4 March 2012. The result was announced after market hours on Monday, 20 May 2013.
Shriram City Union Finance's consolidated net profit surged 32.93% to Rs 449.44 crore on 50.71% growth in total income to Rs 3099.93 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).
Shriram City Union Finance's board of directors at a meeting held on Monday, 20 May 2013, recommended final dividend of Rs 6 per share for FY 2013.
Omaxe after market hours on Monday, 20 May 2013 said it has fixed the floor price of Rs 148 per share for offer for sale (OFS) of shares by Promoter, Constellation Capital Ltd. and S.A. Finvest, forming part of the promoters and members of the promoter group of Omaxe. Constellation Capital Ltd and S.A. Finvest will offer up to 25 lakh equity shares each of Omaxe of face value of Rs 10 each held by them aggregating to 50 lakh equity shares representing 2.88% of the total paid up equity share capital of the company. The OFS will take place on a separate window of the BSE on Tuesday, 21 May 2013 from 9.15 IST to 15:30 IST on the same day.
DLF said after market hours on Monday, 20 May 2013 that the duly authorised Equity Issuance Committee of the board of directors of the company has, by a resolution dated 20 May 2013, allotted 8.1 crore shares to successful applicants at an issue price of Rs 230 per share, aggregating to Rs 1863.42 crore, under the institutional placement programme.
Key benchmark indices snapped four-day winning streak on Monday, 20 May 2013 on profit booking. The S&P BSE Sensex was down 62.14 points or 0.31% to 20,223.98 on that day, its lowest closing level since 15 May 2013.
Foreign institutional investors (FIIs) bought shares worth a net Rs 753.37 crore on Monday, 18 May 2013, as per provisional data from the stock exchanges.
As per the Q4 results calendar, L&T unveils Q4 results tomorrow, 22 May 2013. Tata Steel, State Bank of India and Bharat Heavy Electricals (Bhel) unveil Q4 results on 23 May 2013. Coal India unveils consolidated FY 2013 results on 27 May 2013. Sun Pharma, Power Grid Corporation of India, GAIL (India) and Hindalco Industries unveil Q4 results on 28 May 2013. Tata Motors, ONGC, NMDC and BPCL unveil Q4 results on 29 May 2013. M&M and Tata Power unveil Q4 results on 30 May 2013.
Most Asian stocks rose on Tuesday. Key benchmark indices in China, Indonesia, Japan and Taiwan rose by 0.02% to 0.39%. Key benchmark indices in Hong Kong, Singapore and South Korea fell by 0.08% to 0.41%.
Bank of Japan starts a two-day policy meeting today, 21 May 2013. Japan's Economy Minister Akira Amari said in Tokyo today that the overly strong yen is in the process of being corrected and he hopes the exchange rate settles at a level suited to the nation's economic fundamentals.
US stocks took a breather from their recent rally Monday, as declines in some of the year's best-performing sectors weighed on benchmarks.
Chicago Federal Reserve President Charles Evans said yesterday the U.S. economy is "improving quite a lot," before Chairman Ben S. Bernanke testifies on the economy in Congress tomorrow, 22 May 2013. Investors are looking ahead to Wednesday, when Federal Reserve Chairman Ben Bernanke will testify to Congress and the Fed will release the minutes of its most recent policy-setting meeting.
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