TATA MOTORS = UPDATE DATED 04TH,OCTOBER,2010= Q2 SALES IMPRESSIVE = PROFTABILITY CAN BE SIMILAR = IMPROVING EVERY MONTH

Tata Motors Limited

NSE Symbol   TATAMOTORS

UPDATE DATED 04 10 2010

The last update of TATA MOTORS was on 1^st,sep,2010 under the  following link : Control+click to follow the Link:

http://wiseinvestmentideas.blogspot.com/2010/09/tata-motors-surging-demand-excellent.html

Sales in July, August and September have recorded impressive growth. The results for Q1 are given in brief below. Q1 results, specially the consolidated results indicate a smart turnaround in the European Operations of the company. Since then, the progress has been continuing at a smart pace. Now, TATA Motors has gone in for a QIP Issue, which is expected to significantly reduce its Debt burden, while not adding significantly to the Equity. This will augur well for the company’s profits in future – from Q3 onwards.

It is also still on the acquisition mode wherever an opportunity presents. Its notice to NSE dt 4^th October says - "TATA MOTORS ACQUIRES 80% STAKE IN TRILIX SRL., ITALY".

All in all, TATA Motors is becoming better and better for the Investors and other stakeholders with each passing day.

SALES FIGURES

Tata Motors’ total sales (including exports) of Tata commercial and passenger vehicles in September 2010 were 64,668 vehicles, a growth of 23% over 52,513 vehicles sold in September 2009. The company’s domestic sales of Tata commercial and passenger vehicles for September 2010 were 59,611 nos., a 20% growth over 49,650 nos. sold in September last year.

Cumulative sales (including exports) for the company for the fiscal are 380,113 nos., a growth of 39% over 273,491 nos. sold last year.

Commercial Vehicles

The company’s sales of commercial vehicles in September 2010 in the domestic market were 35,734 nos., a 14% growth compared to 31,474 vehicles sold in September last year. LCV sales were 19,097 nos., a growth of 3% over September last year. M&HCV sales stood at 16,637 nos., a growth of 28% over September last year.

Cumulative sales of commercial vehicles in the domestic market for the fiscal are 204,242 nos., a growth of 26% over last year. Cumulative LCV sales are 115,342 nos., a growth of 15% over last year, while M&HCV sales stood at 88,900 nos., a growth of 45% over last year.

Passenger Vehicles

The passenger vehicles business reported a total sale and distribution offtake of 25,527 nos. (23,877 Tata + 1,650 Fiat) in the domestic market in September 2010, a 23% increase compared to 20,752 nos. (18,176 Tata + 2,576 Fiat) in September last year. Sales of Tata passenger vehicles are 23,877 nos., a growth of 31% over September 2009. Sales of the Tata Nano were 5,520 nos., higher by 61% over September last year. The Indica range sales were 6,258 nos., lower by 37% over September last year. The Indigo range recorded sales of 8,783 nos., a growth of 248% over September last year. The Sumo/Safari range accounted for sales of 3,316 nos., higher by 40% over September last year.

Jaguar Land Rover sales continued their upward trend.

Cumulative sales and distribution offtake of passenger vehicles in the domestic market for the fiscal are 161,036 nos. (149,173 Tata + 11,863 Fiat), against 111,470 nos. (98,568 Tata + 12,902 Fiat) last year, a growth of 44%.

Cumulative sales of Tata passenger vehicles were 149,173 nos., a 51% increase compared to 98,568 nos., in September last year. Cumulative sales of the Nano are 37,402 nos., a 345% increase compared to 8,396 nos., in September last year. Cumulative sales of the Indica range are 48,902 nos., lower by 14%. Cumulative sales of the Indigo family are 43,771 nos., higher by 149%. Cumulative sales of the Sumo/Safari range are 19,098 nos., higher by 22%.

Exports

The company's sales from exports at 5,057 vehicles in September 2010 registered a growth of 77% compared to 2,863 vehicles in September last year. The cumulative sales from exports for the fiscal at 26,698 nos. are higher by 102% over 13,223 nos. in the same period last year.

Q1 FY 2011 RESULTS :

Consolidated Results for the quarter ended on 30-JUN-2010 were as follows:

Net Sales of Rs. 2687608 lacs for quarter ending on 30-JUN-2010 against Rs. 1628960 lacs for the quarter ending on 30-JUN-2009.

Net Profit / (Loss) of Rs. 198873 lacs for the quarter ending on 30-JUN-2010 against Rs. (32878) lacs for the quarter ending on 30-JUN-2009. As we can see, the European Operations have turned around in a very handsome way and have been improving ever since.

Standalone Results for the quarter ended on 30-JUN-2010 was as follows:

Net Sales of Rs. 1035187 lacs for quarter ending on 30-JUN-2010 against Rs. 635020 lacs for the quarter ending on 30-JUN-2009.

Net Profit / (Loss) of Rs. 39572 lacs for the quarter ending on 30-JUN-2010 against Rs. 51376 lacs for the quarter ending on 30-JUN-2009.

ANNOUNCEMENTS

TO THE NSE

04-10-2010       Tata Motors Limited has informed the Exchange regarding a press release dated October 4, 2010, titled "TATA MOTORS ACQUIRES 80% STAKE IN TRILIX SRL., ITALY". 

04-10-2010       Tata Motors Limited has informed the Exchange regarding a press release dated October 04, 2010, titled "Tata Motors Limited-Increase in QIP Issue Size".

04-10-2010       Tata Motors Limited has informed the Exchange regarding a press release dated October 01, 2010, titled "Tata Motors Limited launches QIP Issue".

30-09-2010       Tata Motors Limited has informed the Exchange regarding a Press Release dated September 30, 2010, titled "Tata Motors' Annual Report in Form 20-F".

10-08-2010       Tata Motors Limited has informed the Exchange regarding a Press Release dated August 10, 2010 titled "Consolidated Net Revenue grows by 64.2% in Q1 FY 2010-11".

10-08-2010       Tata Motors Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 2687608 lacs for quarter ending on 30-JUN-2010 against Rs. 1628960 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 198873 lacs for the quarter ending on 30-JUN-2010 against Rs. (32878) lacs for the quarter ending on 30-JUN-2009.

10-08-2010       Tata Motors Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 1035187 lacs for quarter ending on 30-JUN-2010 against Rs. 635020 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 39572 lacs for the quarter ending on 30-JUN-2010 against Rs. 51376 lacs for the quarter ending on 30-JUN-2009.

07-07-2010       Tata Motors Limited has submitted to the Exchange a copy of the Notice dated June 28, 2010 alongwith the Explanatory Statement seeking the consent of the shareholders by a postal ballot for the following the items: (1) Raising of additional long term resources. (2) Issuance of 'A' ordinary shares on exercise of conversion option by holders of Zero Coupon Convertible Alternative Reference Securities (CARS). (3) Increase in borrowing limits. (4) Creation of Charges on the Company's Properties.(5) Payment of advisory fees to Mr Ravi Kant, Vice Chairman.

27-05-2010       Tata Motors Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 27, 2010 decided that the Annual General Meeting of the Company would be held on September 01, 2010.    -

27-05-2010       Tata Motors Limited has informed the Exchange regarding a press release dated May 27, 2010 titled " Consolidated Net Revenue grows by 30.5% in FY10 over previous year to Rs. 92,519 crores Consolidated Profit of Rs. 2,571 crores (Loss of Rs. 2505.25 crores in the previous year".        

27-05-2010       Tata Motors Limited has informed the Exchange that at the Board Meeting held on May 27, 2010, the Board of Directors have recommended a dividend of Rs. 15/- per share on Ordinary Shares for FY 2009-10 and a dividend of Rs. 15.50 per share on 'A' Ordinary Shares for FY 2009-10 (Rs. 6/- per share on Ordinary Shares and Rs. 6.50/- per share on 'A' Ordinary Shares for FY 2008-09).

27-05-2010       Tata Motors Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 3537378 lacs for year ending on 31-MAR-2010 against Rs. 2535408 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 224008 lacs for the year ending on 31-MAR-2010 against Rs. 100126 lacs for the year ending on 31-MAR-2009.

27-05-2010       Tata Motors Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 9189345 lacs for year ending on 31-MAR-2010 against Rs. 7037040 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 257106 lacs for the year ending on 31-MAR-2010 against Rs. (250525) lacs for the year ending on 31-MAR-2009.

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SOUTH INDIAN BANK = UPDATE DATED 30 09 2010 = SMALL BANK ON FAST EXPANSION MODE = GOOD PERFORMANCE

SOUTH INDIAN BANK

UPDATE DATED 30.09.2010

RESULTS FOR Q1 FY11

VS Q4 FY10 & Q1 FY 10

South Indian Bank is a comparatively small Bank, which is improving its performance every quarter.

Its Interest on Advances is 421 Cr – which is  3.73% more than previous quarter and 16.48% more than corresponding Qtr.

Total Income is Rs.581.78 Cr – which is 4.33% more than previous qtr and 11.61% more than corresponding Qtr.

Net Profit is Rs.58.44 Cr – which is       51.32% more than previous qtr but  2.78% less than corresponding Qtr.

Capital Adequacy Ratio is quite good at 14.65%

Basic EPS for the qtr is Rs.5.17 which is higher than last qtr’s EPS of Rs.3.42 but slightly less than corresponding qtr’s EPS of Rs.5.32.

The  % of Gross/Net NPA      at 0.39 is quite healthy.

But, Return on Assets is very low at 0.23 and needs improvement.

Current Market price is around Rs.24.

The Bank is targeting a credit growth of around 25% this year. It is expecting to maintain NIMs of around 2.8%.

From 580 branches at last year end – current year may see an addition of 60 more branches.

The Bank may see good upside from current levels, as it progresses along its expansion path and continues to improve its performance.

RESULTS IN FIGURES :-

SOUTH INDIAN BANK	30-Jun-10	31-Mar-10	Dif%1	30-Jun-09	Dif%2
Interest on Advances	42113	40599	3.73	36155	16.48
Income on Investments	10957	10077	8.73	9308	17.72
Income on Balances With RBI	942	704	33.81	1063	-11.38
Interest Earned	54012	51380	5.12	46526	16.09
Other Income	4166	4385	-4.99	5598	-25.58
Total Income	58178	55765	4.33	52124	11.61
Interest Expended	37276	43492	-14.29	31283	19.16
Employees Cost	6747	3311	103.78	6830	-1.22
Other Opertng Expenses	3715	3802	-2.29	3320	11.9
Operatng Expenses	10462	7113	47.08	10150	3.07
Operating Profit	10440	5160	102.33	10691	-2.35
Provisions & Contingencies	1670	-		1043	60.12
Exceptional Items	-	-308		-
Profit before tax	8770	5468	60.39	9648	-9.1
Tax Expense	2926	1606	82.19	3637	-19.55
Net Profit After Tax	5844	3862	51.32	6011	-2.78
Net Profit	5844	3862	51.32	6011	-2.78
Face Value.Rs.	10	10	0	10	0
Paid-up Equity Share Capital	11301	11301	0	11301	0
Dividend (%)	-	40		-
Capital Adequacy Ratio	14.65	14.73	-0.54	13.93	5.17
Basic EPS B EI	5.17	3.42	51.17	5.32	-2.82
Diluted EPS B EI	5.15	3.4	51.47	5.32	-3.2
Gross/Net NPA	6476	6157	5.18	8325	-22.21
% of Gross/Net NPA	0.39	0.39	0	0.68	-42.65
Return on Assets	0.23	0.16	43.75	0.31	-25.81
Publicholding (%)	100	100	0	100	0

ANNOUNCEMENTS

TO THE NSE

02-09-2010    The South Indian Bank Limited has informed the Exchange that the Board of Directors of the Bank at its Meeting held on August 31, 2010 has decided to fix September 24, 2010 as Record Date for taking the list of shareholders eligible for sub-divided equity shares of face value Re. 1 each.

02-09-2010    The South Indian Bank Limited has informed the Exchange that Dr. C.J.Jose, Director has resigned from the office as Director and he ceases to be a member of the Board w.e.f. August 31, 2010. Further the Board of Directors at its meeting held on August 31, 2010 has appointed: 1) Sri Amitabha Guha, 2) Sri K. Thomas Jacob, as additional Directors of the Bank. They will hold office up to the date of the next Annual General Meeting of the Bank.

16-06-2010    The South Indian Bank Limited has informed the Exchange that the Annual General Meeting of the shareholders of the Bank is scheduled to be held on July 14, 2010. The Board of Directors of the Bank has recommended a Dividend of Rs.4/- per equity share of face value Rs.10/-. The dividend, if declared at the General Meeting will be paid to the shareholders on and from July 23, 2010. Accordingly, the date for issue of dividend warrants will be July 23, 2010.

30-04-2010    The South Indian Bank Limited has informed the Exchange that the Board of Directors at their meeting held on April 30, 2010 has recommended a dividend of Rs.4 per share (40%) for the year ended March 31, 2010 (previous year Rs.3 per share (30%)), subject to the approval of the members at the ensuing Annual General Meeting.

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