HT MEDIA LIMITED IMPROVES WELL IN Q4 OF FY10

HT Media Limited

FY 09 VS FY 10

RESULTS COMPARISON

ANNUAL RESULTS REVIEW  (NON-CONSOLIDATED)

Net Sales has come down from Rs.1323.04 Cr to Rs.1263.11 Cr YOY.

However,  raw material consumption has drastically come down from  Rs.540.20 Cr to Rs. 410.32 Cr YOY. Consequently total expenditure has come down from  Rs. 1192.75 Cr to Rs.1057.56 Cr YOY.

Net Profit has gone up from Rs. 85.23 Cr to Rs. 124.77 Cr YOY. Basic EPS has been boosted from 3.64 to 5.32 YOY on a face value of Rs.2. The company has increased dividend from 15% to 18% YOY.

At the current Market price of rs.153.65, the PE ratio comes to 28.88.

However, the 4^th Qtr EPS has been 1.81. If this is annualized, the next annual EPS (forward earnings) may be around 7.24, on which current MP yields a PE ratio of 20.38.

QUARTERLY RESULT REVIEW (NON CONSOLIDATED)

For Last 5 Qtrs :

Q/E : 03/10:: 12/09::09/09::06/09::03/09

Net Sales/Income  :: 26530::32271::34705::32805::33382

Total Expenditure :: 20666 :: 26857 :: 29992 :: 28239 :: 30916

Net Profit ::  4257 :: 1842 :: 3141 :: 3240 :: 2343

Basic EPS :: 1.81 ::0.78 :: 1.34 :: 1.38 :: 1

ANNUAL RESULTS IN NUMBERS

FY 09  VS FY 10

(AUDITED,CUMULATIVE,NON-CONSOLIDATED)

FY09(Rs. in lakhs):: Description :: FY09(Rs. in lakhs)

132304  Net Sales ::         126311

1296       Other Operating Income :: 1984

-10          Increase/Decrease in SIT & WIP :: -49

54020    Consumption of Raw Materials :: 41032

20358    Employees Cost   :: 20818

5501       Depreciation ::  6379

39406    Other Expenditure :: 37576

119275  Total Expenditure :: 105756

14325    Profit from Operations ::  22539

2177       Other Income    :: 1617

16502    P.B.I.&EI :: 24156

3169       Interest                :: 2573

13333    P.A.I.(but before Exceptional Items):: 21583

1882       Exceptional items :: 3587

11451    P B T  ::  17996

2928       Tax Expense :: 5519

8523       P A T  :: 12477

8523       Net Profit :: 12477

15           Dividend (%) ::  18

2             Face Value (in Rs.) :: 2

4685       Paid-up Equity  ::  4700

85461    Reserves ::  96186

3.64        Basic EPS :: (in Rs.)  ::      5.31

3.64        Diluted EPS ::  (in Rs.) :: 5.31

QUARTERLY RESULTS IN NUMBERS

 (UNAUDITED,NON-CUMULATIVE, NON-CONSOLIDATED)

Q4 FY10,Q3, Q2. Q1. Q4 FY 09 

Net Sales  ::26530::32271::34705::32805::33382

Raw Materials::6706::9759::12278::12289::12825

Employees Cost  :: 4477 :: 5122 :: 5488 :: 5730 :: 5942

Total Exp:: 20666 :: 26857 :: 29992 :: 28239 :: 30916

Net Profit ::  4257 :: 1842 :: 3141 :: 3240 :: 2343

Dividend (%)     18 ::  - ::  - :: -  :: 15

Face Value (In Rs::2  :: 2 :: 2  :: 2 :: 2

Paid Up Equity :: 4700 :: 4700 :: 4700 :: 4700 :: 4685

Basic EPS :: 1.81 ::0.78 :: 1.34 :: 1.38 :: 1

ANNOUNCEMENTS BY COMPANY TO THE EXCHANGE

10-05-2010          Ht Media Limited has informed the Exchange that the Board of Directors at its meeting held on May 10, 2010, have recommended a Dividend on Equity Shares of Rs. 2/- each @ Re. 0.36 per Equity Share (18%) for the year, amounting to Rs. 846.08 lacs (excluding Dividend Distribution Tax of Rs. 140.52 lacs) for approval of the shareholders.                  -

05-03-2010          Ht Media Limited has informed the Exchange that "Hindustan Media Ventures Limited, a subsidiary of our Company, has filed a Draft Red Herring Prospectus dated 5th March, 2010 with SEBI, with respect to its proposed initial public offering of Equity Shares of Rs.10/- each for cash at a price including share premium, aggregating up to Rs.3000 million".

OTHER NEWS : Advertising and circulation revenues are improving well from the 4th Quarter.

We re-launched Hindustan Times as a young brand and also expanded the reach of Hindi Hindustan and Mint (the business paper), which is a strategy that has worked for us, said the company.

For the year ahead, we would invest about Rs 68-70 crore for further expanding the HT, Hindustan and Mint brand as well as for maintenance of our capital assets, said the company

For the year ahead, the company said, "We will continue to outperform competitors. There is buoyancy in terms of advertisements and the market should grow."

"Our online business, with DesiMartini.Com and Shine.Com has seen tremendous response from the market even when amid the slowdown. We are keenly studying the opportunities in the digital space around education and entertainment," the company said.

VIJAYA BANK PERFORMS WELL IN FY2010

VIJAYA BANK

PERFORMANCE REVIEW  
FY 2010 VS FY 2009

Vijaya Bank has performed well in FY10 compared to FY09.

Viaya Bank said that it has posted a net profit of Rs 507 crore for the fiscal ending March 2010, which is higher by 93.28 per cent.

The bank's business volumes also crossed the Rs 100,000- crore mark.

For 4th Q/E March 2010, the bank saw its net profit touch Rs 130.92 crore, up by 28 per cent.

The total business was up by 15 per cent at Rs 1,03,867 crore. NIM for the full fiscal stood at 2.54 per cent as against 2.04 per cent last year. NII for the year rose by 28.83 per cent.

Operating profit for the year increased to Rs 1,057 crore compared to Rs 899 crore for previous year.

The Bank has declared Dividend of  25 percent against 10 percent last year.

Deposits for the year was up by 13.56 per cent to Rs 61,932 core and gross advances went up by 16.89 per cent to Rs 41,935 crore. SB portfolio also crossed the Rs 10,000-crore mark with a year-on-year growth of 20 per cent.

For 4th quarter, its NIM improved from 2.29 per cent to 2.73 per cent on QOQ basis.

The Capital Adequacy Ratio has come down to 11.79 in FY 2010 from 13.08 last year.

The Basic EPS for current year has increased to 11.7 in FY 2010 from 6.05 last year.

The current Market price is Rs.53.65. The P/E ratio works out to  4.59, which leaves a huge scope for appreciation.

The gross NPA ratio for the year was at 2.37 per cent as against 1.95 per cent last fiscal and the net NPA ratio stood at 1.40 per cent as against 0.82 per cent.

The Return on Assets in current year has increased in current year to 0.76 from  0.59 in FY 2009.

The bank has targetted a business of Rs 1,26,000 crore with a year-on-year growth of 20 per cent in the current fiscal. It has planned to contain net NPA within one per cent and net interest margin to three per cent.

It plans to shift to retail mode, have less recourse on bulk business, ensure thrust on SB and high net worth individual clients for improving low cost deposit and is looking at adding close to 2,000 head counts, including 800 clerical staff.

ANNOUNCEMENTS BY VIJAYA BANK

30-04-2010        Vijaya Bank has informed the Exchange that at the meeting of the Board of Directors of the Bank held on April 30, 2010 recommended a dividend of Rs.2.50 per Share on Bank's Equity Share Capital and at 6% p.a. on Perpetual Non Cumulative Preference Share Capital (PNCPS) of the Bank payable to Government of India for the Financial Year 2009-2010.

30-04-2010        Vijaya Bank has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Interest earned of Rs. 121786 lacs for the quarter ending on 31-MAR-2010 against Rs. 136422 lacs for the quarter ending on 31-MAR-2009. Interest expended of Rs. 92886 lacs for the quarter ending on 31-MAR-2010 against Rs. 104317 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 13092 lacs for the quarter ending on 31-MAR-2010 against Rs. 10225 lacs for the quarter ending on 31-MAR-2009.

30-04-2010        Vijaya Bank has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Interest earned of Rs. 520065 lacs for the year ending on 31-MAR-2010 against Rs. 523782 lacs for the year ending on 31-MAR-2009. Interest expended of Rs. 375157 lacs for the year ending on 31-MAR-2010 against Rs. 411302 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 50729 lacs for the year ending on 31-MAR-2010 against Rs. 26248 lacs for the year ending on 31-MAR-2009.

RESULTS FOR FY 10 VS FY 09

Description :  FY 2010 (Rs. in lakhs)  :FY 2009 (Rs. in lakhs)

Interest on Advances/Bills  :383851: 382996

Income on Investments  : 128183 :   131641

Interest on Balances With RBI :  23  :  419

Others         :   8008       :  8726

Interest Earned        : 520065  : 523782

Other Income        :  67945      :  69881

Total Income         :  588010  :  593663

Interest Expended  :  375157  : 411302

Employees cost       :70562      : 59747

Other Operating Expenses: 36595  : 32723

Operating Expenses : 107157 : 92470

Total Expenditure :  482314  : 503772

Operating Profit :  105696  :  89891

Provisions  :   35582 : 35741

Profit(+)  before tax  :  70114  : 54150

Tax Expense  : 19385 : 27902

Net Profit(+)  after tax  : 50729 :       26248

Net Profit (+)  for the period : 50729 : 26248

Dividend (%) :       25 : 10

Face Value (in Rs.) : 10 : 10

Paid-up Equity : 43352 :  43352

Reserves : 188455  :  167289

Capital Adequacy Ratio : 11.79 :         13.08

Basic EPS (in Rs.)  :  11.7          :  6.05

Diluted EPS  (in Rs.) :  11.7 : 6.05

% of Gross/Net NPA        :  1.4 : 0.82

Return on Assets  : 0.76  :  0.59

ORIENTAL BANK OF COMMERCE FARES BETTER IN FY19 (VERSUS FY 09)

ORIENTAL BANJK OF COMMERCE 

RESULTS FY 10 VS FY09

1.     Review :

Oriental Bank of commerce has produced good results in FY 10 compared to FY09.Total  Interest Earned has increased to Rs.1025712 lakhs from Rs.885647 lakhs. Consequently, Total Income has zoomed to Rs.1145717 lakhs from Rs.992779 lakhs in previous year.

Net Profit (+) / for the period has gone up to Rs.113468 lakhs from Rs.90542 Lakhs in FY09.

The Basic EPS has increased smartly to Rs.45.29                from Rs. 36.14 on a Face value of Rs.10. This is a good increase over the year. At current Market price of Rs.354, the P/E ratio is  7.82, which leaves scope for price appreciation.

But capital adequacy ratio has come down to 10.83 from 12 last year, indicating the need for the Bank to go in for more capital funds.

The percentage of Gross/Net NPA has increased to 0.87               from 0.65. Though it is not very high, the Bank may have to exercise better scrutiny on its loan book expansion.

Quarter on quarter also,  the % of Gross/Net NPA has been increasing to 0.87 from 0.75,              0.66 and 0.71 in earlier quarters of the year.

Return on Assets has increased to 0.91  from 0.88. ROA has been increasing QOQ reasonably ( .95, .91, .89, .89).

Over all, business expansion has taken place very smartly and is expected to continue in future.

2. OTHER NEWS :

Aided by better core operations and decline in cost of deposits, Oriental Bank of Commerce (OBC) has reported a 61.90 per cent increase in net profit for the fourth quarter ended March 31, 2010 at Rs 317.04 crore.

Net interest income for the quarter under review increased 114.94 per cent to Rs 989.37 crore. The net profit jump in the fourth quarter can be attributed to better core operations, Mr T.Y. Prabhu, Chairman and Managing Director of OBC, told reporters after a board meeting here.

He also highlighted that the quantum jump in net profits has come despite a sharp fall in treasury income. For the quarter under review, OBC's treasury income stood at Rs 27 crore (Rs 157 crore in Q4 of 2008-09).

For the year ended March 31, 2010, OBC has reported a net profit of Rs 1134.68 crore, registering a 25.32 per cent increase over the previous year. The board of directors has recommended a dividend of 91 per cent. The bank's cost of deposits declined to 6.57 per cent as on end March 2010 against 7.52 per cent as on March 31, 2009.

On OBC's capital raising plans, Mr Prabhu said that the bank had sought capital support of Rs 1,000 crore from the Government. “As of now, capital is adequate. But we may raise capital during the current fiscal. We will take a call after May. There is enough headroom to raise capital both in Tier-I and Tier-II,” he said.

3.     AUDITED,CUMULATIVE,NON-CONSOLIDATED RESULTS

Description        FY 10(Rs. in lakhs)           FY 09(Rs. in lakhs)

Interest/Discount on Advances/Bills      756747  651970

Income on Investments                246180  :214103

Interest on Balances With RBI    20958 :  16892

Others  1827 :    2682

Interest Earned                1025712 :             885647

Other Income    120005  :107132

Total Income     1145717  :992779

Interest Expended:         734969 :685997

Employees cost:  97129:                75616

Other Operating Expenses:         71469 :  62668

Operating Expenses:      168598 : 138284

Total Expenditure excluding provisions:               903567  : 824281

Operating Profit :            242150  : 168498

Provisions (other than tax) :       81598 :  52490

Profit(+) before tax :      160552 : 116008

Tax Expense :    47084    : 25466

Net Profit(+)  after tax :                113468: 90542

Net Profit (+) / for the period    113468  90542

Dividend (%)     : - 91      : 73

Face Value (in Rs.)          :10          :10

Paid-up Equity :l              25054    :25054

Reserves :           706998  :620181

Capital Adequacy Ratio : 10.83   : 12

Basic EPS  (in Rs.) :           45.29 :   36.14

Diluted EPS  (in Rs.) :      45.29 :   36.14

Gross/Net NPA : 72382  : 44242

% of Gross/Net NPA       :0.87      :0.65

Return on Assets:            0.91 :     0.88

4 . Announcements on NSE site

29-04-2010          Oriental Bank Of Commerce has informed the Exchange that the Board of Directors of the Bank at its meeting held on April 29, 2010 have proposed dividend of 91% (Rs 9.10 per share) for the year ended March 31, 2010.

29-04-2010          Oriental Bank of Commerce has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Interest earned of Rs. 1025712 lacs for the year ending on 31-MAR-2010 against Rs. 885647 lacs for the year ending on 31-MAR-2009. Interest expended of Rs. 734969 lacs for the year ending on 31-MAR-2010 against Rs. 685997 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 113468 lacs for the year ending on 31-MAR-2010 against Rs. 90542 lacs for the year ending on 31-MAR-2009.

29-04-2010          Oriental Bank of Commerce has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Interest earned of Rs. 268549 lacs for the quarter ending on 31-MAR-2010 against Rs. 234811 lacs for the quarter ending on 31-MAR-2009. Interest expended of Rs. 169613 lacs for the quarter ending on 31-MAR-2010 against Rs. 188781 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 31704 lacs for the quarter ending on 31-MAR-2010 against Rs. 19582 lacs for the quarter ending on 31-MAR-2009.