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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (3617)	1/30/1999 9:57:00 AM
From: Mohan Marette	Respond to of 12475

Market news- Consumer goods companies steal the show from IT co. IT-weary traders chase FMCG stocks Our Mumbai Bureau -------------------------------------------------------------------------------- 29 JANUARY FAST moving consumer good (FMCG) companies stole the show from the otherwise favoured infotech stocks on the Bombay Stock Exchange on Friday. Market heavyweight HLL led the pack, spurting Rs 99 (5.38 per cent) to close at Rs 1,939.25 helping the Bombay Stock Exchange 30-share Sensex reverse a downward course. The stock, which has a 20 per cent weightage in the benchmark, touched an intra-day high of Rs 1,944. The Sensex closed the day with a modest gain of 22 points. There was considerable fund-based buying on the HLL counter in expectations of higher year-end (calendar 1998) earnings from the company, dealers said. Marketmen expect HLL to earn a net profit of between Rs 800-850 crore, against Rs 526 crore earned in December 31, 1997. Rumours of a bonus issue from HLL, although officially denied by a company spokesperson, also fuelled gains in the stock. Spurts in shares of other multinational FMCG companies were even sharper: Proctor & Gamble, (P&G) India and Smithkline Consumer Health hit the circuit breaker limits of 8 per cent on their way up. Ditto for desi FMCG Dabur India which closed at Rs 576. Smithkline Consumer closed at Rs 692.00, up Rs 51.25, on rumours of bonus issue while P&G finished at Rs 878.50, up Rs 65, on better-than-expected Q2 results. The company's net profit for Q2 ended December 31, 1998 stood at Rs 18.29 crore, up 45 per cent from correspondent year-ago period. Reckitt & Colman rose Rs 31 to Rs 437.75, again on expectations of higher earnings. Nestle gained Rs 9 to Rs 517 while confectionery major Cadbury's India, whose share price touched Rs 599-mark a few days ago, slipped to Rs 587 from previous close of Rs 592. Dealers said that new money entering the market is chasing FMCG stocks, what with highflier infotech stocks commanding astronomical valuations. ''FMGC stocks didn't bask in the glory of the new year's rally as much as infotech stocks did,'' Mr Sanjiv Mohta, head of research at HSBC Securities, said. ''At current levels, risks in buying infotech stocks, especially the lesser-known one, has increased significantly,'' he cautioned. In fact, there is a perceptible waning in the frenzy for software stocks today, with local funds nibbling only at a few software counters. Infosys gained Rs 195 to close at Rs 4700 and Pentafour moved up to Rs 989.75 even as market leader Satyam Computer Services shed Rs 12 to end at Rs 914, NIIT Rs 97 to Rs 2,117, and Wipro Rs 162 to Rs 3,813. Infotech stocks led the 61 points fall in the Sensex on Thursday, with punters cashing in chips ahead of the last day of the weekly accounting period on the BSE. economictimes.com

To: Mohan Marette who wrote (3617)	1/30/1999 10:18:00 AM
From: Mohan Marette	Respond to of 12475

<India>Random Sampling of Corporate results (Courtesy:CMI) Saturday 30, Jan. '99 TVS-SUZUKI -------------------------------------------------------------------------------- ================================================================================ TVS-SUZUKI Unaudited financial Results (provisional) for the three months ended 31st Dec.'98 (Rs in cr) ---------------------------------------------------------------------------------- 3-months Corresp. 9-mnt Corr. 9-m Previous Particulars ended 3-mnt ended ended ended year ended 31.12.98 31.12.97 31.12.98 31.12.97 Mar.31,98 Audited ---------------------------------------------------------------------------------- Net sales/Income operation 339.03 263.43 948.45 739.04 1018.62 Other income 1.74 4.71 9.36 14.01 21.25 340.77 268.14 957.81 753.05 1039.87 Total expenditure 302.68 231.72 842.27 648.07 894.82 Interest 5.39 5.26 14.31 14.77 19.91 Gross profit(+)/loss(-) after interest but before depreciation and taxation 32.7 31.16 101.23 90.21 125.14 Depreciation 8.1 6.98 20.2 15.69 23.9 Profit before tax 24.6 24.16 81.03 74.52 101.24 Provision for taxation 4.64 7.08 17.58 23.17 32.48 Net profit 19.96 17.1 63.45 51.35 68.76 Paid-up equity share cap. 23.1 23.1 23.1 23.1 23.1 Reserves excluding revaluation reserves - - - - 161.85 -------------------------------------------------------------------------------- Note: The above unaudited results taken on record by the Board of Directors at their meeting held on January 29, 99. ================================================================================ Saturday 30, Jan. '99 RANBAXY LABORATORIES LIMITED -------------------------------------------------------------------------------- ========================================================================================= RANBAXY LABORATORIES LIMITED UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE NINE MONTHS ACCOUNTING PERIOD ENDED 31ST DECEMBER, 1998 Rs Millions ========================================================================================= Three months ended Nine months ended Year 31.12.98 % change 31.12.98 31.12.97 % change ended Particulars (Unaudited) (Unaudited) 31.3.98 (Audited) ========================================================================================= Sales 3484 18.1 10618 9459 12.3 13335 Domestic 1923 32.1 6221 5369 15.9 7378 Exports 1561 4.5 4397 4090 7.5 5957 Total expenditure 2762 - 8400 7498 - 10486 Profit before R&D expenditure interest, Depreciation & Amortisation 722 33.2 2218 1961 13.1 2849 R&D Expenditure 113 29.9 325 247 31.6 396 Interest (Net) 100 - 209 11 - 15 Profit before Depreciation and Amortisation 509 7.8 1684 1703 (1.1) 2438 Depreciation 117 - 303 262 - 376 Amotisation 15 - 70 20 - 50 Profit before Tax 377 8.6 1311 1421 (7.7) 2012 Tax 47 - 110 132 - 145 Profit after Tax 330 (0.9) 1201 1289 (6.8) 1867 Paid-up Equity Share capital - - 1159 498 - 537 Reserves excluding revaluation reserves (as per balance sheet of previous accounting year) 12326 ========================================================================================= Notes : 1. The increase in Paid-up Equity Share Capital for the nine months period ended 31st December '98 is on account of allotment of 4221373 Equity Shares on exercise of warrants and 57947625 Equity Shares as Bonus Shares in the ratio of 1:1 2. Interim Dividend for the accounting period ended 31st December'98 @ Rs 225 per share has been approved for payment. ========================================================================================= Saturday 30, Jan. '99 BHARAT HEAVY ELECTRICALS LIMITED -------------------------------------------------------------------------------- ================================================================================ BHARAT HEAVY ELECTRICALS LIMITED UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER ENDED 31ST DECEMBER 1998 (Rs in lacs) ================================================================================================ Particulars Quarter Corresponding 9 months Corresponding Previous ended Quarter in the ended 9 months in the accounting 31.12.98 previous year 31.12.98 previous year year ended ended 31.12.97 ended 31.12.97 31.3.98 (Audited) ================================================================================================ Net sales/income from operation 153794 151530 398191 387173 660910 Other Income 4682 1858 11129 9009 20991 Intt. Income on Suppliers Credit 5904 - 12675 - 3081 Total expenditure 138273 130264 366668 345844 564429 Interest 696 1128 1845 3872 5968 Gross Profit(+)/Loss (-) after Interest but before depreciation and taxation 25411 21996 53482 48466 114585 Depreciation 3921 1953 10964 7789 12418 Provision of Taxation 6556 7416 14336 14310 30214 Net Profit (+)/Loss (-) 14934 12627 28182 24367 71953 Paid-up equity share capital 24476 24476 24476 24476 24476 Reserves excluding revaluation reserves as per balance sheet of previous accounting year - - - - 236330 ================================================================================================ * Includes 1) Export incentives 3722 1798 7713 5426 8976 2) Lease Rentals 1936 933 5632 2427 4803 The Board of Directors, have taken on record the aforesaid quarterly results at the meeting held on 29.01.99 ================================================================================================ Saturday 30, Jan. '99 TATA Honeywell -------------------------------------------------------------------------------- =========================================================================== TATA Honeywell Unaudited financial results (provisional) for the quarter ended Dec.31, 1998 ------------------------------------------------------------------------------- Particulars Quarter ended 9-months ended Year ended 31.12.98 31.12.97 31.12.98 31.12.97 Mar.31,98 ------------------------------------------------------------------------------- Net sales/Income from oper. 6809.52 5737.4 15043.15 12825.15 17561.97 Other income 7.11 27.08 26.39 46.39 160.76 Total expenditure 6096.8 5311.72 13849.3 11991.11 16223.93 Interest 191.32 179.00 450.0 520.0 626.37 Gross profit(+)/loss(-) after interest but before depreciation and taxation (1+2-3-4) 528.51 273.74 770.24 360.56 872.43 Depreciation 60 94.3 180 170 206.9 Provision for taxation 70.5 28.58 88.5 28.58 129.86 Net profit (+)/Loss(-) (5-6-7) 398.01 150.86 501.74 161.98 535.67 Paid-up equity share cap. 884.15 884.15 884.15 884.15 884.15 Reserves excluding revaluation reserves - - - - 2826.09 ------------------------------------------------------------------------------- The above results were taken on record by the Board of Directors at its meeting held on 28 Jan.1999 =========================================================================== Monday 25, Jan. '99 India Nippon Electricals -------------------------------------------------------------------------------- ======================================================================= India Nippon Electricals Unaudited financial results (provisional) for quarter ended 31st Dec. 1998 ----------------------------------------------------------------------- Rs in lacs Three months ended Year 31st Dec. 31st Dec. ended 1998 1997 31.03.98 (Unaudited) (Unaudited) (Audited) ----------------------------------------------------------------------- 1 Net Sales/Income from operations (incl. Of excise 2141.38 1889.93 7107.57 2 Other income 41.92 27.86 95.65 3 Total Expenditure 1730.84 1539.54 5733.23 4 Interest 3 4.99 16.63 5 Gross profit (+)/loss (-) after interest but before depreciation and taxation (1+2)-(3+4) 449.46 373.26 1453.36 6 Depreciation 48.54 65 224.84 7 Provision for taxation 140 109.31 476 8 Net profit(+)//Loss [(5-(6+7 260.92 198.95 752.52 9 Paid-up equity share capital 198 198 198 10 Reserves excluding revaluation reserves (as per balance sheet of previous accounting year) 2101.78 ======================================================================= Monday 18, Jan. '99 Pentafour Software & Exports -------------------------------------------------------------------------------- ============================================================================ Pentafour Software & Exports Q3 turnover rises by 91%, net profit higher by 103% ============================================================================ 3 Months 3 Months Vatia 9 Months 9 Months Vatia Year ended ended ended tion ended ended tion 31.03.98 (Rs in cr) 31.12.98 31.12.97 (%) 31.12.98 31.12.97 (%) (Audited) ============================================================================ Sales and Services - Overseas 130.95 67.2 95 339.06 186.35 82 271.75 - Domestic 2.89 2.7 7 8.92 9.87 -10 12.81 Total Sales 133.84 69.9 91 347.98 196.22 77 284.56 Other Income 2.97 0.15 1880 4.19 0.48 773 6.92 Total Income 136.81 70.05 95 352.17 196.7 79 291.48 Total Expenditure 81.28 38.77 110 208.24 111.8 86 158.66 Interest 7.98 5.06 58 24.71 14.48 71 24.93 Non-recurring Expenses - 0.06 - - 0.44 - Gross Profit 47.55 26.16 82 119.22 69.98 70 Depreciation 11.8 8.55 38 40.33 20.94 93 38.94 Provision for Taxation - - - - - - -35.75 NET PROFIT 35.75 17.61 103 78.89 49.04 61 68.37 Paid up Equity Share capital 17.04 17.04 0 17.04 17.04 0 17.04 ============================================================================ The above Financial Results were taken on record by the Board of Directors at the meeting held on January 18, 1999. ============================================================================ Friday 22, Jan. '99 Visualsoft India Limited -------------------------------------------------------------------------------- =========================================================================== VISUALSOFT (INDIA) LIMITED UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER ENDED 31ST DECEMBER 31, 1998 (Rs in lakhs) =========================================================================== Quarter Ended 9 Months Year Ended Paritculars 31-12-98 31-12-97 Ended 31-03-98 31-12-98 Rs (Audited) =========================================================================== Income from Software Exports 834.62 281.94 1948.28 950.8 Other Income 4.96 4.74 34.47 14.35 Total Income 839.58 286.68 1982.75 965.15 Total Expenditure 452.29 184.84 1169.13 618.47 Interest 0.82 1.81 4.28 7.25 Gros Profit after interest but before 386.47 100.03 809.34 339.43 Depreciation and Taxation Depreciation 46.38 14.97 78.18 56.48 Misc. Expenditure written off 17.98 - 17.98 - Provision for Taxation - - - - Net Profit 322.11 85.06 713.18 282.95 Paid up Equity Capital 625 623.5 625 624.51 Reserves excluding Revaluation reserves - - - 325.21 Earning Per Share Rs (Annualised) 20.62 5.46 15.21 4.53 ===========================================================================