With the Reliance Power IPO money being refunded to QIBs (Qualified Institutional Buyers) and non-institutional buyers on February 1, I expect the markets to rise in the coming week due to increased liquidity and the cheap levels the markets are at the moment. Additionally, global sentiments seem positive at the moment and with the U.S. markets closing in the green in yet another session on Friday, chances of the Indian market opening higher are pretty high on Monday!
I would like to advise those investors with a bit of a risk appetite to buy a Call option (Strike price 5500, expiry 28 Feb 2008) on Nifty (lot size: 50 Nifty). The call option was trading at a price of Rs. 170 - Rs. 180 on Friday, towards the close of trading. It is likely to go higher on monday on the back of psoitive global sentiments. Still, I expect the market to move higher because 1) Refund of the Reliance power IPO money has provided investors with a lot of cash, 2) FII buying could provide a boost to the market. Historically, the FIIs have made 20% of their annual investment in Feb and FIIs were back in the thick of action on Friday. 3) Global sentiments coupled with average to positive Q3 results should help the markets stage a rally now, and finally, 4) Sentiments remain positive ahead of the 2008 Budget and with the Fed cutting rates by another 50 bps, I strongly believe that RBI too will have to follow suit, albeit with a lower rate cut.
So while you are busy reading this latest entry and analysing/digesting what I've said, I'll sneak across and warm myself with a hot cup of coffee!! Anyone interested in 1??
N.B.; Take whatever profits you get, the market may surprise negatively in the near-term and a lot of these so-called support levels will be tested if the markets face a down-turn.. Every rally is a time to book profits; currently not the ideal time to buy! Hey, also invest in the Reliance Natural Resources Fund. I apologise for the delay in bringing across this mutual fund to your attention! Risk-avoiding people should look to invest in Mutual fund schemes!
Showing posts with label Q3. Show all posts
Showing posts with label Q3. Show all posts
Saturday, February 2, 2008
Friday, February 1, 2008
Q3 results of Maruti & TVS Motors!!
India's largest car maker, Maruti Suzuki has announced its January sales numbers. It has sold 68,107 units in the month of January 2008 as against 65,341 units in same period of last year. Current sales numbers included export of 4,648 units.
Domestic sales in January 2007 was 62,248 numbers. Maruti’s volume in the domestic A2 segment went up by 3 per cent, while in A3 segment the domestic volume grew by 12 per cent, compared to January 2007. In C segment the sales grew by 17% per cent during the month compared to sales in January 2007.
TVS Motor Jan 2-wheeler sales at 93,385 units
TVS Motor Company registered total two wheeler sales of 93,385 units in January 2008 against 121,147 units in the corresponding period of the previous year and 97,576 in previous month. Exports witnessed quantum growth of 84%.
During the month the company’s motorcycle sales stood at 38,961 units in comparison to 69,634 units recorded in January 2007 and 51,293 units in previous month. In the scooter segment, TVS Scooty reported 18,594 units in January 2008 in comparison to 20,534 units in the corresponding period the previous year and 14,568 units in previous month.
Over the course of the next two months, the company plans to launch several new products into the market including a new entry level StaR Sport to overcome the hurdle of restricted availability of retail finance, high rates of interest and stringent norms followed by financiers.
The new StaR Sport motorcycle will come with best of class mileage and reliability. The company will also launch the new Scooty Teenz Electric and the Apache RTR Efi. TVS Motor Company will also make its foray into the three-wheeler market.
Exports reported sales of 13,108 units of two wheelers in January 2008 as against 7,049 units in the corresponding period of the previous year thereby recording 86% growth.
Domestic sales in January 2007 was 62,248 numbers. Maruti’s volume in the domestic A2 segment went up by 3 per cent, while in A3 segment the domestic volume grew by 12 per cent, compared to January 2007. In C segment the sales grew by 17% per cent during the month compared to sales in January 2007.
TVS Motor Jan 2-wheeler sales at 93,385 units
TVS Motor Company registered total two wheeler sales of 93,385 units in January 2008 against 121,147 units in the corresponding period of the previous year and 97,576 in previous month. Exports witnessed quantum growth of 84%.
During the month the company’s motorcycle sales stood at 38,961 units in comparison to 69,634 units recorded in January 2007 and 51,293 units in previous month. In the scooter segment, TVS Scooty reported 18,594 units in January 2008 in comparison to 20,534 units in the corresponding period the previous year and 14,568 units in previous month.
Over the course of the next two months, the company plans to launch several new products into the market including a new entry level StaR Sport to overcome the hurdle of restricted availability of retail finance, high rates of interest and stringent norms followed by financiers.
The new StaR Sport motorcycle will come with best of class mileage and reliability. The company will also launch the new Scooty Teenz Electric and the Apache RTR Efi. TVS Motor Company will also make its foray into the three-wheeler market.
Exports reported sales of 13,108 units of two wheelers in January 2008 as against 7,049 units in the corresponding period of the previous year thereby recording 86% growth.
Hero Honda reports good results!
Strong quarter in terms of sales nos: Hero Honda
Hero Honda in Q3 FY08 has reported consolidated net profit of 275.01 cr versus Rs 209.18 cr on YoY basis. During the same period, net sales at Rs 2743.07cr versus Rs 2666.05 cr on YoY basis.
Speaking to CNBC-TV18, Pawan Munjal, MD at Hero Honda said that third quarter is always a strong quarter in terms of sales numbers due to the festive season.
Excerpts from the interview with Pawan Munjal:
Q: How has the 3rd quarter been in terms of sales?
A: Third quarter is always a strong quarter in terms of sales numbers due to the festive season. We have actually held back on our expenditure on promotions, which we normally do in the Q3 around Diwali. We did have a promotion, which was just on one of our models -CD Deluxe. So that was one of the big saving. The commodities have been behaving pretty well in the past many months, this quarter we had a very steady quarter, which also has helped us on the overall material cost and finally on our other expenditure again some marketing costs, there has been some savings.
Q: We see roughly Rs 52 crore as your other income coming in. Where is this money coming from and your EBITDA margins are way above our expectations, we estimated around 11.7% but it is at 14%?
A: The other income is majorly the treasury income where also we are as a company fairly conservative with the markets the way they are, we normally tend to be conservative. After all we are a motorcycle manufacturing company - that’s where our focus is.
Q: EBITDA margins are above our expectations. How did you manage that and going forward will you be able to sustain it?
A: Again the reasons, I just mentioned for a strong Q3 PAT, same reasons for the EBITDA, all that stuff that we did on holding back on the promotions and the marketing expenditures and the commodities cost in terms of the material cost, we have seen a strong EBITDA and going forward, I am very confident that we will continue this trend. This is obviously a departure from last many quarters where I have been saying that there is going to be a pressure on the margins but this time I am very confident that this particular trend will continue for us going forward.
Hero Honda in Q3 FY08 has reported consolidated net profit of 275.01 cr versus Rs 209.18 cr on YoY basis. During the same period, net sales at Rs 2743.07cr versus Rs 2666.05 cr on YoY basis.
Speaking to CNBC-TV18, Pawan Munjal, MD at Hero Honda said that third quarter is always a strong quarter in terms of sales numbers due to the festive season.
Excerpts from the interview with Pawan Munjal:
Q: How has the 3rd quarter been in terms of sales?
A: Third quarter is always a strong quarter in terms of sales numbers due to the festive season. We have actually held back on our expenditure on promotions, which we normally do in the Q3 around Diwali. We did have a promotion, which was just on one of our models -CD Deluxe. So that was one of the big saving. The commodities have been behaving pretty well in the past many months, this quarter we had a very steady quarter, which also has helped us on the overall material cost and finally on our other expenditure again some marketing costs, there has been some savings.
Q: We see roughly Rs 52 crore as your other income coming in. Where is this money coming from and your EBITDA margins are way above our expectations, we estimated around 11.7% but it is at 14%?
A: The other income is majorly the treasury income where also we are as a company fairly conservative with the markets the way they are, we normally tend to be conservative. After all we are a motorcycle manufacturing company - that’s where our focus is.
Q: EBITDA margins are above our expectations. How did you manage that and going forward will you be able to sustain it?
A: Again the reasons, I just mentioned for a strong Q3 PAT, same reasons for the EBITDA, all that stuff that we did on holding back on the promotions and the marketing expenditures and the commodities cost in terms of the material cost, we have seen a strong EBITDA and going forward, I am very confident that we will continue this trend. This is obviously a departure from last many quarters where I have been saying that there is going to be a pressure on the margins but this time I am very confident that this particular trend will continue for us going forward.
Thursday, January 31, 2008
Unitech results out!!
Unitech Q3 net up 39.2% at Rs 525.8 cr
Unitech has announced its third quarter numbers. It has posted consolidated Q3 net profit of Rs 525.8 crore as against Rs 377.8 crore, a growth of 39.2%
Net sales increased by 18.7% at Rs 1142.1 crore versus Rs 962.3 crore. OPM stood at 64.3% versus 64.6%. Tax declined to Rs 131 crore from Rs 209 crore.
According to CNBC-TV18 estimates, it was expected to post net sales of Rs 1,179.4 crore and net profit of Rs 448 crore.
Unitech has announced its third quarter numbers. It has posted consolidated Q3 net profit of Rs 525.8 crore as against Rs 377.8 crore, a growth of 39.2%
Net sales increased by 18.7% at Rs 1142.1 crore versus Rs 962.3 crore. OPM stood at 64.3% versus 64.6%. Tax declined to Rs 131 crore from Rs 209 crore.
According to CNBC-TV18 estimates, it was expected to post net sales of Rs 1,179.4 crore and net profit of Rs 448 crore.
RCOM results today..
Reliance Communication (RCOM) is to come out with its Q3 FY078 result. According to CNBC-TV18 estimates, the company in Q3 FY08 is expected to post net profit of Rs 1335.6 cr versus Rs 1304 cr, up 2.42% on QoQ basis. During the same quarters, its net revenues were at Rs 4975.21 cr versus Rs 4579 cr, up 8.65% on QoQ basis.
RCOM: Q3 expectations
* Wireless revenues expected to grow 11% QoQ ; Broadband to grow 11% QoQ, Global services by 2%
* ARPUs expected to decline by 2%; MOU expected flat
* Expect EBIDTA margins to remain flat
RCOM: Q3 expectations
* Wireless revenues expected to grow 11% QoQ ; Broadband to grow 11% QoQ, Global services by 2%
* ARPUs expected to decline by 2%; MOU expected flat
* Expect EBIDTA margins to remain flat
Wednesday, January 30, 2008
Bharti Airtel Reports strong results
Bharti Q3 net up at Rs 1,722 crore
Bharti Airtel has declared its third quarter results. Its Q3 net profit was up at Rs 1,722 crore versus Rs 1,614 crore, QoQ.
It Q3 net sales stood at Rs Rs 6,964 crore versus Rs 6,337 crore
Its OPM was at 42.6%.
Bharti Airtel has declared its third quarter results. Its Q3 net profit was up at Rs 1,722 crore versus Rs 1,614 crore, QoQ.
It Q3 net sales stood at Rs Rs 6,964 crore versus Rs 6,337 crore
Its OPM was at 42.6%.
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