Monday, February 28, 2011

CIPLA LIMITED = RESULTS = FOR Q3 FY 2011 = QTR ENDING DECEMBER 2010 = LACK LUSTRE RESULTS



Cipla Limited

NSE Symbol CIPLA
 CIPLA LIMITED  has declared lack lustre results in Qtr ending December 2010.

 Net Sales is Rs. 1501.36 cr – down by  4.97% from Q2 FY 11; up by 5.18% from Q1 FY 11; Up by 13.96% from Q4 FY 10; up by 11.7% from Q3 FY 10.

 Total Expenditure          is Rs.1300.74 cr – down by  0.91% from Q2 FY 11; UP by 9.86% from Q1 FY 11; up by 11.54% from Q4 FY 10; and UP by 17.79% from Q3 FY 10.

Profit from Operations is Rs.252.93 cr – down by 16.43% from Q2 FY 11; down by 14.49% from Q1 FY 11; Up by 21.3% from Q4 FY 10; and down by 24.32% from Q3 FY 10.

Profit before tax is Rs.275.69 cr – down by 13.58% from Q2 FY 11; down by 11.76% from Q1 FY 11; down by 20.81% from Q4 FY 10; down by 20.71% from Q3 FY 10.

Net Profit is Rs.232.69 cr – down by 11.53% from Q2 FY11; down by 9.61% from Q1 FY11; down by 15.55% from Q4 FY 10; down by 19.49% from Q3 FY 10.

Basic EPS is Rs.2.9 – against Rs.3.27 in Q2 FY 11; Rs.3.21 in Q1 FY 11; Rs.3.43 in Q4 FY10; and Rs.3.6 in Q3 FY 10.

Stand Alone Results Table :

CIPLA
31-Dec-10
30-Sep-10
30-Jun-10
31-Mar-10
31-Dec-09
Net Sales
150136
157988
142738
131749
134416
Net Sales
150136
-4.97
5.18
13.96
11.7
Other Oprtg Income
5231
3547
5238
5720
9434
Incr./decr. in  SIT / WIP
-6635
3972
2086
-8872
-3279
Raw Materials
57426
53841
52247
56612
47025
Traded Goods
18793
17057
12690
13342
18729
Employees Cost
13509
13758
13756
9986
8895
Depreciation
6525
6391
5482
4948
4567
Other Expenditure
40456
36251
32137
40602
34492
Total Expenditure
130074
131270
118398
116618
110429
Total Expenditure
130074
-0.91
9.86
11.54
17.79
Profit from Operations
25293
30265
29578
20851
33421
Profit from Operations
25293
-16.43
-14.49
21.3
-24.32
Other Income5
2569
1664
1675
4508
1784
Interest6
293
28
11
46
437
Exceptional Items7
-
-
-
-9500
-
Profit before tax
27569
31901
31242
34813
34768
Profit before tax
27569
-13.58
-11.76
-20.81
-20.71
Tax expense
4300
5600
5500
7260
5865
Net Profit
23269
26301
25742
27553
28903
Net Profit
23269
-11.53
-9.61
-15.55
-19.49
Face Value (In Rs
2
2
2
2
2
Paid Up Equity
16058
16058
16058
16058
16058
Basic EPS
2.9
3.27
3.21
3.43
3.6
Public Holding (%)
62.6
62.43
62.4
62.38
62.34


ANNOUNCEMENTS
TO NSE


04-02-2011 Cipla Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 150136 lacs for quarter ending on 31-DEC-2010 against Rs. 134416 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 23269 lacs for the quarter ending on 31-DEC-2010 against Rs. 28903 lacs for the quarter ending on 31-DEC-2009.

28-12-2010 Cipla Limited has informed the Exchange about fresh notices received from National Pharmaceutical Pricing Authority, Government of India. The Company has now received further demand notices from the Government demanding an amount of Rs. 47.70 crores in respect of the drug Salbutamol and an amount of Rs. 25.46 crores in respect of the drug Ciprofloxacin. These demands are contrary to the orders of the Hon'ble Supreme Court of India and the Company has received legal advice that entire amounts demanded by the Government are not tenable and sustainable.

11-11-2010 Cipla Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 157988 lacs for quarter ending on 30-SEP-2010 against Rs. 137118 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 26301 lacs for the quarter ending on 30-SEP-2010 against Rs. 27574 lacs for the quarter ending on 30-SEP-2009.

25-08-2010      Cipla Limited has informed the Exchange that the Board of Director of the Company at its meeting held on August 25, 2010, inter alia, has approved the acquisition of Meditab Specialties Pvt. Ltd. ("Meditab") for an aggregate consideration of Rs.133.35 crores.

13-08-2010      Cipla Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 142738 lacs for quarter ending on 30-JUN-2010 against Rs. 132526 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 25742 lacs for the quarter ending on 30-JUN-2010 against Rs. 24171 lacs for the quarter ending on 30-JUN-2009.

24-05-2010      Cipla Limited has informed the Exchange that the Company has set up a Wholly Owned Subsidiary 'Cipla Singapore Pte Limited' in Singapore. The subsidiary has been set up inter-alia to aid logistics and distribution of Company's export business.


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BHARTI AIRTEL LTD = RESULTS = FOR Q3 FY 11 = QTR ENDING DECEMBER 2010 = NET SALES UP; PROFITS DOWN;



Bharti Airtel Limited

NSE Symbol BHARTIARTL


BHARTI AIRTEL  has declared its results for Q/E Dec,2010. It is compared with the previous 4 qtrs as  below :

Net Sales is Rs.9563.70 cr  - up by 2.84% from Q2 FY 11; by 2.57% from Q1 FY 11; by 7.31% from Q4 FY 10; and by 9.23% from Q3 FY 10.

Total Expenditure          is Rs.7483.40 Cr – up by 5.88% from Q2 FY 11; by 6.54% from Q1 FY 11; by 11.72% from Q4 FY 10; and by 16.19% from Q3 FY 10; 

Thus expenditure has grown much higher compared to growth in Sales income.

Profit from Operations is Rs.2080.30 cr – down by :  6.8%  from Q2 FY 11; by 9.55% from Q1 FY 11; by 6.01% from Q4 FY 10; and by 10.13% from Q3 FY 10.

Profit before tax is Rs.2039.50 cr – down by  14.95% from Q2 FY 11; down by 7.52% from Q1 FY 11; down by  19.25% from Q4 FY 10; and down by 20.23% from Q3 FY 10. This has come down due to higher Interest burden.

Tax expense is slightly Lower.

Hence, Net Profit is Rs.1847.80 cr – down (slightly less ) by  12.02% from Q2 FY11; by 4.3% from Q1 FY 11; by 13.23% from Q4 FY 10; and by 20.08% from Q3 FY 10.

On a Face Value of Rs.5, the Basic EPS          is Rs.4.87 – down by 11.93% from Q2 FY 11; by 4.13% from Q1 FY 11;  by 13.04% from Q4 FY 10; and by 20.03% from Q3 FY 10.

Current MP is around Rs.331. On an annual EPS  of around Rs.20, the PE Ratio is 16.55. The Telecom Industry is going through various uncertainties. Considering all that, Bharti’s performance appears to be reasonably good.

When the current turmoils eventually subside, Bharti  could emerge a good winner. As can be seen from the various initiatives Bharti has been taking in the other countries (see Announcements section), Bharti will eventually emerge as a Big Telecom Multinational from India, in its own right and will immunize itself for any turmoils in any country. It seems to have the Best of Partnerships (in IBM, Ericsson etc) to achieve this.

STAND ALONE RESULTS TABLE :

BHARTI AIRTEL
31-Dec-10
30-Sep-10
30-Jun-10
31-Mar-10
31-Dec-09
Net Sales
956370
929990
932370
891192
875545
Net Sales
956370
2.84
2.57
7.31
9.23
Employees Cost
35980
38590
35340
37905
34947
Depreciation
112810
106620
106670
100286
99018
Other Expenditure
599550
561560
560360
531658
510089
Total Expenditure
748340
706770
702370
669849
644054
Total Expenditure
748340
5.88
6.54
11.72
16.19
Profit from Operations
208030
223220
230000
221343
231491
Profit from Operations
208030
-6.8
-9.55
-6.01
-10.13
Other Income
1490
1990
5000
3240
1611
Interest
5570
-14600
14460
-27984
-22566
Profit before tax
203950
239810
220540
252567
255668
Profit before tax
203950
-14.95
-7.52
-19.25
-20.23
Tax expense
19170
29780
27450
39606
24458
Net Profit after tax
184780
210030
193090
212961
231210
Net Profit
184780
210030
193090
212961
231210
Net Profit
184780
-12.02
-4.3
-13.23
-20.08
Face Value (In Rs
5
5
5
5
5
Paid Up Equity
189880
189880
189880
189877
189848
Reserves
4079010
3892160
3679750
3483628
3312236
Basic EPS
4.87
5.53
5.08
5.6
6.09
Basic EPS
4.87
-11.93
-4.13
-13.04
-20.03
Public Holding (%)
31.8
32.13
32.13
32.17
32.16


ANNOUNCEMENTS
TO THE NSE

02-02-2011 Bharti Airtel Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 956370 lacs for quarter ending on 31-DEC-2010 against Rs. 929990 lacs for the quarter ending on 30-SEP-2010. Net Profit / (Loss) of Rs. 184780 lacs for the quarter ending on 31-DEC-2010 against Rs. 210030 lacs for the quarter ending on 30-SEP-2010.

12-01-2011             Bharti Airtel Limited has informed the Exchange regarding a press release dated January 12, 2011, titled "SBI and airtel join hands to usher in a new era of financial inclusion for unbanked India".

20-12-2010             Bharti Airtel Limited has informed the Exchange regarding a press release dated December 20, 2010, titled "Kyamon acho Bangladesh' says airtel"       

18-11-2010             Bharti Airtel Limited has informed the Exchange regarding the press release dated November 18, 2010, titled "airtel unveils new youthful and dynamic global identity".

10-11-2010             Bharti Airtel Limited has informed the Exchange regarding the press release dated November 10, 2010, titled "Q2 FY11 Revenues at Rs.15,215 crore, up by 47% Y-o-Y".

10-11-2010             Bharti Airtel Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 929990 lacs for quarter ending on 30-SEP-2010 against Rs. 932370 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 210030 lacs for the quarter ending on 30-SEP-2010 against Rs. 193090 lacs for the quarter ending on 30-JUN-2010.

20-09-2010             Bharti Airtel Limited has informed the Exchange regarding a Press Release dated September 20, 2010, titled "Bharti Airtel gears up for 3G roll out - selects network partners".

17-09-2010             Bharti Airtel Limited has informed the Exchange regarding the Press Release dated September 17, 2010 titled "Bharti Airtel and IBM Join Forces to Transform Emerging African Mobile Communications Market and Fuel Economic Development Across the Continent".

11-08-2010             Bharti Airtel Limited has informed the Exchange regarding a press release dated August 11, 2010, titled "Bharti Airtel to acquire Telecom Seychelles; To expand Africa footprint to 16 countries".        

11-08-2010             Bharti Airtel Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 932370 lacs for quarter ending on 30-JUN-2010 against Rs. 891192 lacs for the quarter ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 193090 lacs for the quarter ending on 30-JUN-2010 against Rs. 212961 lacs for the quarter ending on 31-MAR-2010.

08-06-2010             Bharti Airtel Limited has informed the Exchange regarding a press release dated June 08, 2010, titled "Airtel Connects with Africa - to become the first Indian brand to go truly global".        

27-05-2010             Bharti Airtel Limited has informed the Exchange regarding the media statement being issued by the Company regarding the intimation of funds drawdown for the completion of acquisition of Zain Africa BV.

28-04-2010             Bharti Airtel Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 4182946 lacs for year ending on 31-MAR-2010 against Rs. 3735208 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 916313 lacs for the year ending on 
31-MAR-2010 against Rs. 785895 lacs for the year ending on 31-MAR-2009. 

28-04-2010             Bharti Airtel Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 1073941 lacs for quarter ending on 31-MAR-2010 against Rs. 1030495 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 202411 lacs for the quarter ending on 31-MAR-2010 against Rs. 223690 lacs for the quarter ending on 31-DEC-2009.

28-04-2010             Bharti Airtel Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 3560954 lacs for year ending on 31-MAR-2010 against Rs. 3401429 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 942616 lacs for the year ending on 31-MAR-2010 against Rs. 774384 lacs for the year ending on 31-MAR-2009.       -

28-04-2010             Bharti Airtel Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 891192 lacs for quarter ending on 31-MAR-2010 against Rs. 875545 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 212961 lacs for the quarter ending on 31-MAR-2010 against Rs. 231210 lacs for the quarter ending on 31-DEC-2009.

28-04-2010             Bharti Airtel Limited has informed the Exchange regarding a press release dated April 28, 2010, titled "Q4 FY 2010 : Topline Growth bounces back - Quarterly revenue crosses Rs.10,000 crore mark for the first time".

28-04-2010             Bharti Airtel Limited has informed the Exchange that the Board of Directors in their meeting held on April 28, 2010 considered and recommended a dividend @ 20% i.e. Rs.1/- per equity share of Rs. 5/- each for the financial year 2009-10.The payment is subject to approval of the shareholders in the ensuing Annual General Meeting of the Company.            -

07-04-2010             Bharti Airtel Limited has informed the Exchange regarding a press release dated April 07, 2010, titled "Now record TV from your mobile with 'Airtel digital TV Recorder'".

01-04-2010             Bharti Airtel Limited has informed the Exchange regarding a press release dated April 01, 2010, titled "Bharti Airtel and global telcos boost Trans-Pacific connectivity with the launch of the Unity cable system".

31-03-2010             Bharti Airtel Limited has informed the Exchange regarding a press release dated March 31, 2010, titled "Bharti Airtel extends partnership with Ericsson".

31-03-2010             Bharti Airtel Limited has informed the Exchange regarding execution of definitive agreement with Zain Group for acquisition of Zain Africa BV. Further, the Company has submitted to the Exchange a press release dated March 30, 2010, titled "Bharti set to acquire Zain Africa BV".

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