Money Matters

The Essential Dos and Don'ts in Money Making : This blog strives to provide CRITICAL INSIGHTS and knowledge on wealth creation. Since no effort is free of mistakes, or,can be fool proof, the primary condition, always, is - that Reader must take total responsibility on himself for investments or other use he makes of info on this blog by making sure of the info from other sources too. The blog will remain receptive to any corrections, comments, suggestions etc from readers.

Saturday, April 17, 2010

CMC LTD PERFORMS WELL IN Q / E 31-03-2010

REVIEW OF RESULTS FOR QUARTER ENDING 31ST,MARCH,2010, IN COMPARISON WITH PREVIOUS QUARTERS

CMC Limited, an Indian company, has turned in a very Good performance for Q/E 31-03-2010. It is a subsidiary of the IT Bellwether TCS of India.

The figures below are taken from and reproduced from NSE Web site. While all efforts are made to present data and analysis with accuracy, before investing, Investors must always check data and latest News and other relevant factors. The figures are in Lakhs of rupees.

At the operating level, profits have increased significantly in the latest q/e 31.03.2010
Similarly PBT has also shot up considerably.
NPT specially increased excellently from 32 cr levels to 39 cr levels. The company is proposing dividend of 200 percent, which reflects its confidence on its future.
The annual EPS is around Rs.85 on a Face value of Rs.10, which is excellent.
Its parentage of TCS will surely benefit the company in the days to come.

Q/E 31-Mar-10; 31-Dec-09; 30-Sep-09; 30-Jun-09; 31-Mar-09;

Particulars; Unaudited; Unaudited; Unaudited; Unaudited;Unaudited;

Net Sales : 17539.33; 16524.09; 17608.88; 17329.01; 20822.75;

Other oprtg : 413.92; 73.04; 15.45; 41.79; 235.04;

Income

Raw Materials: 1906.13; 2186.79; 3809.66; 3933.75; 5390.17;

Employ. Cost : 5748.43; 5816.39; 5555.7; 5409.04; 5322.94;

Depreciation : 306.43; 229.13; 242.09; 203.97; 267.24;

Other Expdr : 5838.24; 4820.83; 4827.48; 5093.66; 6148.71;

Total Expdr : 13799.23; 13053.14; 14434.93; 14640.42; 17129.06;

OPRTG Profit : 4154.02; 3543.99; 3189.4; 2730.38; 3928.73;

PBT : 4361.48; 3667.2; 3499.74; 3155.05; 4126.61;

Tax : 439.28; 443.9; 362.85; 479.36; 799.7;

PAT ; 3922.2; 3223.3; 3136.89; 2675.69; 3326.91;

NPT : 3922.2; 3223.3; 3136.89; 2675.69; 3326.91;

Dividend (%): 200; - ; - ; - ; 150;

Face Value: Rs: 10; 10; 10 ; 10 ; 10;

Equity : 1515; 1515 ; 1515 ; 1515 ; 1515;

Basic EPS after Extraordinary items (As Furnished):

25.89 ; : 21.28 ; 20.71 ; 17.66 ; 21.96;

Diluted EPS after Extraordinary items (As Furnished):

25.89 ; : 21.28; 20.71; 17.66; 21.96;

Basic EPS before Extraordinary items (As Furnished):

25.89; 21.28; 20.71 ; 17.66 ; 21.96;

Diluted EPS before Extraordinary items (As Furnished):

25.89: 21.28; 20.71; 17.66 ; 21.96;

Public Shareholding (%) :

48.88; 48.88; 48.88; 48.88; 48.88;

Promoter & Promoter group Shares Non-encumbered (as a % total share capital of the company) : 51.12 ; 51.12; 51.12; 51.12; 51.12;

INDUSIND BANK ANNOUCES GOOD RESULTS FOR Q/E and Y/E 31.03 2010

IndusInd Bank has announced very good results for quarter ending 31st,March,2010. The results indicate very good progress compared to preceding quarters.The figures below are extracted from NSE website (Figures are in lakhs)

IndusInd Bank said that it has successfully concluded its Tier-II bond issue of Rs 420 crore on March 30th,2010
It said it is aiming at a credit growth of 25-30 per cent in current financial year.
The bank, which has 210 branches, is planning to open 100 more branches this financial year.
The bank`s net profit jumped by 136 per cent to Rs 350.31 crore in FY10 against Rs 148.34 crore in previous fiscal.
Its other income touched Rs 553.48 crore in the reporting period against Rs 456.25 crore previous year.
Its NPAs fell by 0.64 per cent at 0.5 per cent as against 1.14 per cent in the previous fiscal.
In the overall analysis, IndusInd bank appears to be on excellent Growth path.
While reasonable efforts are made to present data and analysis with accuracy, before any investment, every investor must re-check the data and also the latest further facts, news etc.
Due to space constraint, the last column seems to get cut-off to some extent.This may please be borne in mind.

Quarter Ended	31-Mar-10	31-Dec-09	30-Sep-09	30-Jun-09	31-Mar-09
Particulars	Audited	Unaudited	Unaudited	Unaudited	Audited
Particulars	Audited	Unaudited	Unaudited	Unaudited	Audited

Interest/Discount on Advances/Bills	55777	53915	52437	49167	47884
Income on Investments	15715	14429	12617	13154	12711
Income on Balances With RBI & Other Inter bank Funds	161	314	297	321	501
Others	368	1634	152	241	284
Interest Earned	72021	70292	65503	62883	61380
Other Income	13236	11602	13235	17275	16932
Total Income	85257	81894	78738	80158	78312
Interest Expended	44742	46522	44648	46146	46953
Employees Cost	7793	7299	7885	6079	5156
Other Operating Expenses	12674	10695	10673	10502	11074
Operating Expenses	20467	17994	18558	16581	16230
Total Expenditure excluding provisions and contingencies	65209	64516	63206	62727	63183
Operating Profit before provisions and contingencies	20048	17378	15532	17431	15129
Provisions (Other than tax) & Contingencies	5314	4451	3885	3433	7880
Exceptional Items	-	-	-	-	-
Profit (+)/Loss (-) from Ordinary Activities before tax	14734	12927	11647	13998	7249
Tax Expense	4938	4123	3865	5348	2197
Net Profit (+)/Loss (-) from Ordinary Activities After Tax	9796	8804	7782	8650	5052
Net Profit (+)/Loss (-) for the Period	9796	8804	7782	8650	5052
Face Value of Share (in Rs.)	10	10	10	10	10
Paid-up Equity Share Capital	41065	41014	41009	35519	35519
Reserves Excluding Revaluation Reserves	175495	-	-	-	107242
Dividend (%)	18	-	-	-	12
Capital Adequacy Ratio	15.33	13.84	13.51	12.14	12.33
Basic EPS before Extraordinary items	2.39	2.15	2.05	2.44	1.42
Diluted EPS before Extraordinary items	2.34	2.15	2.05	2.44	1.42
Basic EPS after Extraordinary items	2.39	2.15	2.05	2.44	1.42
Diluted EPS after Extraordinary items	2.34	2.15	2.05	2.44	1.42
a) Gross/Net NPA	10183	12873	17177	16655	17913
b) % of Gross/Net NPA	0.5	0.67	0.98	1.01	1.14
c) Return on Assets	1.16	1.08	1.07	1.27	0.76
Public Shareholding (%)	77.83	77.8	77.8	74.37	74.37
Promoter & Promoter group Shares Non-encumbered (as a % total share capital of the company)	22.17	22.2	22.2	-	-

I am also reproducing a brief of the
recent announcements made by IndusInd Bank,
below .Further details can be seen at NSE web
site:

16-04-2010 : The amalgamation of IndusInd
Limited with De Five (Mauritius) Holdings
Limited has been approved by the Reserve
Bank of India".

16-04-2010 : Recommended dividend
@ Rs.1.80 per equity share of paid up value of Rs.10/-.

16-04-2010 : standalone Results for q/e 31-MAR-2010 as follows:

Interest earned of Rs. 72021 lacs for q/e 31-MAR-2010 against Rs. 61380 lacs for q/e 31-MAR-2009.
Interest expended of Rs. 44742 lacs for q/e 31-MAR-2010 against Rs. 46953 lacs for q/e 31-MAR-2009.
Net Profit of Rs. 9796 lacs for q/e 31-MAR-2010 against Rs. 5052 lacs for q/e 31-MAR-2009.

16-04-2010 standalone Results for Y/E 31-MAR-2010 as follows:

Interest earned of Rs. 270699 lacs for Y/E 31-MAR-2010 against Rs. 230947 lacs for Y/E 31-MAR-2009.
Interest expended of Rs. 182058 lacs for Y/E 31-MAR-2010 against Rs. 185044 lacs for Y/E 31-MAR-2009.
Net Profit of Rs. 35031 lacs for Y/E 31-MAR-2010 against Rs. 14834 lacs for Y/E 31-MAR-2009.

15-04-2010 :

Two wholly-owned subsidiaries of I
ndusInd International Holdings Ltd, the
promoter of the Bank, are having shareholdings
in the Bank as under:- IndusInd Ltd :
1,55,00,000 shares; De Five (Mauritius) Holdings
Ltd : 70,00,000 shares. Further, the Bank
has informed, the amalgamation of De Five
Mauritius Holdings Ltd, with IndusInd Ltd.
The Bank has informed that, if the
request is approved by Reserve Bank
of India, the shareholdings of IndusInd Ltd
in the Bank would increase to
2,25,00,000 shares, comprising
5.48% of the Bank's Equity Capital.

08-04-2010 :

IndusInd Bank raises Rs. 420 crore through Tier- II bond issue

Note :

At the annual EPS of 9.01 and current market
price of Rs.177, the P/E ratio works out
to 19.67. While current price appears to be f
air, since the Bank is forecasting a scorching
pace of Growth in coming Qtrs, depending
upon success of these future plans,
the bank will deserve much Higher valuations.
Its next Qtrly result will be keenly watched.
Current Management seems to be able pull
out High Growth Rates for the Bank.

Friday, February 5, 2010

INVESTOR EDUCATION = INVESTMENT STRATEGIES OF WARREN BUFFET ( POST NO.4)

INVESTOR EDUCATION SERIES

WARREN BUFFET'S

INVESTMENT STRATEGIES

Let continue with my analysis of Warren Buffet's Investment strategies.

Be a great reader, a voracious reader, of all the authentic material available on the businesses and Industries you are investing in.
There are excellent business and financial newspapers, magazines and books for the purpose. The annual reports and quarterly results etc are a great source. Now, the Net also provides lot of material.Buffet also reads about the competitor firms. Then, he thinks and waits for an appropriate time to make his investment.
He also advises - select the material to read. You don't have infinite time to go on reading. He advises not to waste much time on reading market forecasts, formula based constructs and theories. Instead, find, real, solid material on the business progress. Dig deep into real, useful, understandable material.
To be a good long term investor, he advises us to avoid bad habits and cultivate good habits. Most of these good habits are covered in the blog posts so far. we need to make them our HABITS. So, is the case with the bad habits. We need to eschew them.
He says, avoid the Herd behaviour. Ignore daily stock tips of others. Forget about daily stock price movements. Avoid Industries you do not understand. Buy when other people are running away from Market. Remember Mr. Marker and margin of safety.
The costs associated with investment must be carefully considered always. You must assess your net return.
You must be on the look out for what types of mistakes others are committing and refrain from committing such mistakes yourself. You investment decisions must yield a net profit to you commensurate with your reasonable expectation.
Be a good and sound investor, not necessarily a brilliant one.Your investments must earn a decent profit and capital appreciation - but must not become losing ones.
Every one should preferably write down such investment related good habits, read them periodically and adhere to them - for success.