Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could fall 5.50 points at the opening bell. The market remained shut on Friday, 15 August 2014, on account of Independence Day.
Among corporate news, Tata Motors after market hours on Thursday, 14 August 2014 said that its global wholesales declined 8.46% at 80,151 units in July 2014 over July 2013. Global wholesales rose 5.98% at 80,151 units in July 2014 over June 2014.
Cipla's consolidated net profit declined 39.17% to Rs 295 crore on 13.6% growth in net sales to Rs 2647 crore in Q1 June 2014 over Q1 June 2013. The result was announced after market hours on Thursday, 14 August 2014. The stock market was closed on Friday, 15 August 2014, on account of Independence Day.
Cipla's income from operations rose 8.3% to Rs 2720 crore in Q1 June 2014 over Q1 June 2013. EBITDA declined 21.44% to Rs 542 crore in Q1 June 2014 over Q1 June 2013. EBITDA in Q1 June 2013 includes certain large one-off items.
Domestic sales rose 17% to Rs 1289 crore in Q1 June 2014 over Q1 June 2013, largely driven by growth in respiratory, anti-infective and cardiac therapies, Cipla said in a statement.
Exports and formulations rose 12.7% to Rs 1218 crore in Q1 June 2014 over Q1 June 2013. Exports of APIs declined 5.4% to Rs 140 crore in Q1 June 2014 over Q1 June 2013. The growth in export revenues was primarily due to growth in anti-retroviral, anti-asthma and anti-allergic segments, Cipla said in a statement.
Cipla said that the current year figures include the relevant results of Cipla's subsidiaries from the date they became subsidiary of the company and therefore the corresponding figures for the previous period are not comparable.
Reliance Communications (RCom)'s consolidated net profit rose 21.4% to Rs 132 crore on 2.1% growth in revenue to Rs 5523 crore in Q1 June 2014 over Q1 June 2013. The result was announced after market hours on Thursday, 14 August 2014.
RCom's total EBITDA rose 9.5% to Rs 1863 crore in Q1 June 2014 over Q1 June 2013. EBITDA margin stood at 33.7% in Q1 June 2014, amongst the highest in the industry, with strong contribution from both India and Global businesses, RCom said in a statement.
Revenue from India operations rose 1.3% to Rs 4718 crore in Q1 June 2014 over Q1 June 2013. EBITDA of India operations rose 16% to Rs 1693 crore in Q1 June 2014 over Q1 June 2013.
Revenue from Global operations declined 5.1% to Rs 1073 crore in Q1 June 2014 over Q1 June 2013.
RCom generated operational cash flow (EBITDA) of Rs 1863 crore in Q1 June 2014, paid net finance charges of Rs 767 crore and invested Rs 415 crore on capex during the quarter. It remains free cash flow (FCF) positive and this is expected to continue, RCom said in a statement.
Reliance Capital's consolidated net profit rose 23% to Rs 164 crore on 11% growth in total income to Rs 2144 crore in Q1 June 2014 over Q1 June 2013. The result was announced after market hours on Thursday, 14 August 2014.
As on 30 June 2014, the net worth of the company stood at Rs 12643 crore.
Reliance Capital had a net debt equity ratio of 1.86 as on 30 June 2014. It continues to enjoy the highest ratings of A1+ by ICRA and CRISIL, for its short term borrowing program and CARE AAA by CARE for its long term borrowing program, Reliance Capital said in a statement.
As on 30 June 2014, the assets of the company stood at Rs 45869 crore.
Reliance Capital said it has not raised any fixed deposits from the public.
Key benchmark indices edged higher on Thursday, 14 August 2014, as weaker-than-expected US retail sales data reinforced speculation that the Federal Reserve won't rush to raise rates. The Fed has kept short-term US interest rates near zero since December 2008, bolstering demand for emerging-market assets as investors seek higher yield. The S&P BSE Sensex was up 184.28 points or 0.71% to 26,103.23 on that day, its highest closing level since 25 July 2014.
Foreign portfolio investors (FPIs) bought shares worth a net Rs 625.18 crore on Thursday, 14 August 2014, as per provisional data from the stock exchanges.
Most Asian stocks declined on Monday, 18 August 2014, after a five-day winning streak, as health-care shares gained while banks slid with consumer companies. Key benchmark indices in South Korea, Taiwan, Singapore and Hong Kong shed 0.28% to 0.51%. Key benchmark indices in China, Japan, and Indonesia rose 0.1% to 0.21%.
Most US stocks ended lower on Friday, 15 August 2014, as increasing violence in Ukraine sent oil prices to the biggest increase in a month.
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