NEWS & VIEWS : 30th,MAY,2012 = ONGC : DOES WELL IN Q4 = TATA MOTORS DOES WELL IN Q4 = BRITANNIA INDUSTRIES does well in Q4 & FY 2012 = HIGH COURT STIKES DOWN MINORITY RESERVATIONS

NEWS & VIEWS TODAY

30^th,MAY,2012

ONGC : DOES WELL IN Q4

TATA MOTORS DOES WELL IN Q4

BRITANNIA INDUSTRIES Q4 & FY 2012 GOOD PERFORMANCE

HIGH COURT STIKES DOWN MINORITY RESERVATIONS

1.    NEWS : ONGC has declared impressive, Consolidated Results: Net Sales :-Rs.146370.56 Cracs for FY 2012 against Rs. 117610.59 Cr for FY 2011. Net Profit of Rs. 28143.61 Cr for FY 2012 against Rs. 22455.93 Cr for FY 2011. Dividend Declared : Rs.2 (per Eq.share of Rs.5). 

Standalone Results:-Net Sales of Rs. 75758.41 Cr for FY 12 against Rs. 65841.79 Cr for FY 11. Net Profit of Rs. 25122.92 Cr for FY 12 against Rs. 18924 Cr for FY 11. Net Profit for Q4 is Rs.5644 Cr ( Rs.2791 Cr in Q4 FY 11). ONGC paid Rs.14170 cr for subsidizing diesel, domestic LPG per dollar  off set this. Every Rupee of depreciation increases top line by Rs.1600 Crs, says ONGC. ONGC plans to invest Rs.121737 Cr in 12^th Plan.  ONGC’s NPT rose 33% to Rs.25,123 cr from FY 11. It has notified 2 more discoveries – one of Gas in AP, and another of OIUL in Gujarat. Overall, ONGC performance is Impressive. Going by its successful CAPEX PROGRAM and its earlier Results, ONGC is a good bet for medium to long / term investors.

2.    TATA MOTORS :- TATA Motors has done well in both Q4 and  FY 2012.Consolidated Net Revenue grows by 36% to Rs 165,655 cr in FY 2011-12; Consolidated Profit grows 46% to Rs. 13,517 cr (Rs. 9,274 cr in FY 2010-11); Details can be seen at (in this Blog) : http://wiseinvestmentideas.blogspot.in/2012/06/tata-motors-q4-fy12-fy-2012-very-good.html

3.    BRITANNIA INDUSTIRES :- BIL has reported revenue growth of 16.8% in Q4 and 17.8% for FY12, on a standalone basis, at Rs. 1,309.6 Cr & Rs. 4,947 Cr respectively. Consolidated revenue at Rs. 5,460.8 Crs increased 19% for FY 2012.

Net Profit for Q4 increased 22.6% and for FY 2012, it increased 28.5%, on a standalone basis, at Rs. 53 Crs & 186.7 Crs respectively. Consolidated net profit growth was 48.5% at Rs. 199.6 Cr.

It has recommended a dividend of 425% i.e. Rs.8.5 / share. 

4.     HIGH COURT STIKES DOWN MINORITY RESERVATIONS :- AP High court has struck down the reservation scheme proposed by UPA Government on the basis of Minority religion concept. On one side, Government is doing many things - to REDUCE JOB OPPORTUNITIES for all,  but, on the other side, it is extending Reservation concept, to those groups who matters in vote bank Politics. If only Governments at Centre and States pursue Growth as the first aim of Government, distributive justice makes sense. Else, distributing Jobs, made scarcer by Government itself -  is meaningless. 

Government must aim to create huge opportunities FOR ALL – either for Jobs or for self employment or for ENTREPRENEURSHIP – may be in the reverse order. 

It must Promote Entrepreneurship in everyone who comes forward. Then, jobs will come automatically for all. Reservation does not create a single Job. If X and Y are unemployed –Give the job to any one of them – the other still remains as unemployed. Government is not LOOKING at all, at all those unemployed persons. All of them, irrespective of caste, or religion, need Job or self employment. 

USA publishes weekly statistics of unemployed persons. It is high time, Indian Government also does the same. And then, create Jobs for all of the unemployed. When this happens, we do not need reservations at all. 

Else, Reservations remain an appeasement Game and Vote Bank Politics, as opposition Parties accuse. The danger in reservations is – it is DIVIDING THE PEOPLE’S MINDSET -  in a very ugly manner, against each other. Now- Government wants to appeal to the Supreme Court. 

I wish, Government also take all possible steps to UNITE ALL INDIANS – rather than divide them on every conceivable concept.

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