LIC HOUSING FINANCE EXCELS IN FY 10

LIC HOUSING FINANCE

RESULTS FOR FY 10  VS  FY 09

REVIEW

LIC Housing finance performed excellently in FY 10 compared to FY 09.

Net Sales have increased to Rs. 328266.56 lakhs in FY 10  from Rs. 274764.68 lakhs in FY 09, an increase of Rs.53501.88 or 19.47 %.

Consolidated Net Profit in FY 10 has increased to Rs. 68883.49 lakhs from Rs. 53742.27 lakhs in FY 09, an increase of Rs.15141.22 lakhs or 28.17 %.

Dividend has been increased to 150 % from 130% last year.

The  Basic EPS in FY10 has gone up to Rs.76.42 from Rs. 63.28 in FY 09 on a face value of Rs10.

Quarterly Sales has been on the increase  as can be seel from quarterly figures. In latest qtr, the sales were Rs. 91932.85 lakhs compared to Rs 83361.12 in preceding quarter and Rs. 75442.51 in same qtr of last year.

Quarterly,Basic EPS has also registered good increase to Rs. 22.49 in current Qtr from Rs. 16.18 in the preceding qtr, and Rs. 18.55 in same qtr last year.

Thus, the review reveals that LIC Housing Finance has performed excellently in the FY 10 compared to FY 09.

Judging by the latest qtr performance, going forward, the next annual EPS could scale upto 90 or above.

At the current price of Rs. 963, the P/E ratio works out to 12.6 on the trailing EPS, which leaves good scope for appreciation. 


Note : Readers are invited to offer comments, suggestions, criticism and corrections, if any, and the same will be gratefully taken note of.

RESULTS - NUMBERS

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

Net Sales :  328266.56 :: 274764.68

Other Operating Income :: 18094.97  :: 13323.04

Employees Cost               :: 5240.25  :: 4521.75

Depreciation  ::                 652 :: 509.9

Other Expenditure  ::  11106.31 :: 11167.83

Total Expenditure  :: 16998.56  ::  16199.48

Other Income  ::  1164.1  :: 2217.74

Interest        :: 239572.65  ::  201661.09

Tax Expense  ::  24921.23  :: 19484.86

Net Profit (+) ::   66033.19  :: 52960.03

Shares of Associates  ::  -2850.3  ::  -782.24

Consolidated Net Profit: : 68883.49  :: 53742.27

Dividend (%)     150 -      -130

Face Value (in Rs.)  :: 10  :: 10

Paid-up Equity :: 9493.26  :: 8493.26

Reserves :: 334784.58 :: 217764.02

Basic EPS ::  (in Rs.) ::      76.42 ::  63.28

Diluted EPS :: (in Rs.) ::  76.42 ::  63.28

QUARTERLY RESULTS COMPARISON

QTRS    ::  03/10    ::   12/09  ::   09/09   ::   06/09   ::   03/09

Net Sales: : 91932.85 ::   83361.12  :: 78467.97  ::  74504.62 :: 75442.51

Other Operating Income::4361.35 :: 4460.81 :: 5021.39 :: 3514 ::  3605.01

Other Expenditure :: 3512.71 :: 4434.3 ::  -248.28 :: 3089.37 :: 3711.99

Total Expenditure :: 4871.92 :: 5831.76 :: 1346.94 :: 4223.13 :: 4609.1

Other Income ::  531.74 ::  224.19 :: 422.31 :: 170.68 :: 1560.68

Interest :: 62135.78 :: 60565.97 :: 59785.01 :: 57085.89 :: 54294.35

Tax expense :: 8466.85 :: 6290.5 :: 5655.08 :: 4496.59 :: 5948.95

Net Profit ::  21351.39  :: 15357.89 :: 17124.64 ::  12383.69  :: 15755.8

Dividend (%) ::  150::- :: - :: - :: 130

Face Value (In Rs): :10 : 10 : 10 : 10 : 10

Paid Up Equity : 9493.26 : 9493.26 : 9493.26: 8493.26 :8493.26

Basic EPS : :  22.49  :: 16.18  ::    -  ::  14.58  :: 18.55

Announcements  

by  LIC HOUSING FINANCE 

to Exchange

30-04-2010          Lic Housing Finance Limited had informed the Exchange regarding Audited Financial Results for the Financial Year ended March 31, 2010. The Company has now informed the Exchange that "The result contain a minor error in the figure of Loan Funds and Total Liabilities in Statement of Assets and Liabilities. The correct figure should be as follows: Loan Funds - Rs. 3475815.69 lacs (in the consolidtaed year ended 31.03.2010 column), Total Liabilities - Rs. 3820099.90 lacs (in the consolidtaed year ended 31.03.2010 column)". Further the company has submitted a copy of Audited Financial Results for the Financial Year ended March 31, 2010. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.    -

29-04-2010          Lic Housing Finance Limited has informed the Exchange that the Board of Directors in its meeting held on April 28, 2010 has approved the Book Closure date from July 01, 2010 to July 15, 2010 (both days inclusive) for the purpose of ascertaining entitlement of Dividend, if any, declared by the members at the Annual General meeting for F.Y. 2009-2010. Further the Annual General Meeting of the Company will be held on July 15, 2010.             -

28-04-2010          Lic Housing Finance Limited has informed the Exchange that the Board of Directors at their meeting held on April 28, 2010 has recommended a dividend of Rs.15/- per equity share of Rs.10 each (150%) subject to approval of the members of the Company at the forthcoming Annual General Meeting.               -

28-04-2010          LIC Housing Finance Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 328266.56 lacs for year ending on 31-MAR-2010 against Rs. 274764.68 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 68883.49 lacs for the year ending on 31-MAR-2010 against Rs. 53742.27 lacs for the year ending on 31-MAR-2009.   -

28-04-2010          LIC Housing Finance Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 91932.85 lacs for quarter ending on 31-MAR-2010 against Rs. 75442.51 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 21351.39 lacs for the quarter ending on 31-MAR-2010 against Rs. 15755.8 lacs for the quarter ending on 31-MAR-2009.               -

28-04-2010          LIC Housing Finance Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 328266.56 lacs for year ending on 31-MAR-2010 against Rs. 274764.68 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 66217.61 lacs for the year ending on 31-MAR-2010 against Rs. 53162.02 lacs for the year ending on 31-MAR-2009.  

30-03-2010          News Verification : The media had reports that Lic Housing Finance Ltd may get a banking licence. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Lic Housing Finance Ltd has vide its letter inter-alia stated," We wish to clarify that we do not know the source of reports as appearing in the media. As on date, the Company has not made any application to the Reserve Bank for Banking licence. The appropriate decision in this regard will be taken only after RBI notifies the guidelines for issuing Banking licence."

JSW STEELS POSTS EXCELLENT PERFORMANCE IN FY10

JSW Steel Limited

FY 10 RESULTS COMPARED WITH FY 09

(Audited, Cumulative, Consolidated)

REVIEW

JSW steel has produced a set of FANTASTIC numbers in respect of its performance for FY 10 compared to FY 09

Net Sales has increased to Rs. 1895717 lakhs in FY 10 compared to Rs. 1593484 lakhs, an increase of Rs.302233 lakhs (18.97%).

Total Expenditure  has increased to Rs. 1618516  lakhs compared to Rs.1394077 lakhs in the previous year (+16.1% or Rs.224439 lakhs).

Consolidated Net Profit  has increased at a fantastic rate to Rs.159755 lakhs from Rs.27491 lakhs, an increase of Rs.132264 lakhs, or, 481.12 percent.

The Basic EPS (in Rs.) of the company in FY10 has gone up to 83.61 from Rs.12.88 in FY09. The LTP on 03.05.2010 was Rs.1226.

The P/E for the company works out to 14.66 which appears to be very attractive  for BUYING the scrip.

Note : Readers are requested to offer their comments, suggestions, corrections etc which will be gratefully taken note of.

RESULTS - NUMBERS

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

Net Sales  ::        1895717  ::           1593484

Other Operating Income :: 11660  ::         16987

Increase/Decrease in SIT & WIP :: 1795 :: -36620

Consumption of Raw Materials :: 1226082  :: 1078929

Employees Cost :: 47954  :: 51858

Depreciation     :: 129866  ::          98777

Other Expenditure  :: 212819  :: 201133

Total Expenditure  :: 1618516  :: 1394077

Other Income ::                41940  ::10179

Interest                :: 110801  ::  115562

Exceptional items  :: -  ::               79478

Tax Expense  ::  64671  ::                7260

Net Profit (+)  ::                155329  :: 24273

Minority Interest  :: -3321  :: -2053

Shares of Associates  :: -1105  :: -1165

Consolidated Net Profit (+) :: 159755  :: 27491

Dividend (%)     -              -

Face Value (in Rs.) :: 10 :: 10

Paid-up Equity ::  18705 :: 18705

Reserves :: 873004  ::726694

Basic EPS  (in Rs.) :: 83.61  :: 12.88

Diluted EPS  (in Rs.) :: 83.29  :: 12.88

QUARTERLY RESULTS COMPARISON

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/Income from Operations        516707  ::458766 ::455388 ::389387 ::        327502

Other Operating Income::3790::2533      ::2536    ::2293    ::5378

Total Expenditure :: 415924 :: 378102 :: 369258 :: 344194 :: 315356

Other Income ::                9624  ::10416  :: 128  ::24143 ::9730

Interest: :19442 ::21784 ::22978  ::22064  ::21485

Tax expense::23060 :: 20406 :: 20662 :: 15563 ::   2632

Net Profit  ::  71695  :: 51423  :: 45154 ::   34002 :: 4920

Dividend (%)     ::95::  - :: -  :: -  ::10

Face Value (In R)s::         :10: :10  :10::10: :10

Paid Up Equity:: 18705::18705::18705::18705::18705

Basic EPS :: 37.89 :: 27.04 :: 23.69 :: 17.72  :: 2.18

ANNOUNCEMENTS MADE BY JSW STEELS TO NSE

03-05-2010          Jsw Steel Limited has informed the Exchange regarding the Outcome of Board Meeting held on May 03, 2010.     Click Here

03-05-2010          Jsw Steel Limited has informed the Exchange that the Board of Directors at its meeting held on May 03, 2010 has fixed the Book Closure date from June 16, 2010 to June 18, 2010 (both the days inclusive), for the purpose of determining the eligible shareholders for the: (a) Payment of dividend on the 10% Cumulative Redeemable Preference Shares, of Rs.10 each of the Company, for the year ended March 31, 2010 (b) Payment of Dividend on the 18,70,48,682 Equity Shares of Rs.10 each of the Company, for the year ended March 31, 2010; and (c) Annual General Meeting.          -

03-05-2010          Jsw Steel Limited has informed the Exchange regarding a press release dated May 03, 2010, titled "JSW Steel reports highest ever Net Profit". Click Here

03-05-2010          Jsw Steel Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on May 03, 2010 the following decisions were taken : (1) Dividend at the stipulated rate of Re.1.00 (Rupee One only) per share on the 27,90,34,907, 10% Cumulative Redeemable Preference Shares of Rs.10 each of the Company has been recommended for the year ended March 31, 2010; (2) Dividend of Rs. 9.50 (Rupees nine and paise fifty Only) (95%) per Equity Share on the 18,70,48,682 Equity Shares of Rs.10 each of the Company has been recommended for the year ended March 31, 2010.        -

03-05-2010          JSW Steel Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 1895717 lacs for year ending on 31-MAR-2010 against Rs. 1593484 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 159755 lacs for the year ending on 31-MAR-2010 against Rs. 27491 lacs for the year ending on 31-MAR-2009.            -

03-05-2010          JSW Steel Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 544130 lacs for quarter ending on 31-MAR-2010 against Rs. 356838 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 61102 lacs for the quarter ending on 31-MAR-2010 against Rs. (3993) lacs for the quarter ending on 31-MAR-2009.        -

03-05-2010          JSW Steel Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 1820248 lacs for year ending on 31-MAR-2010 against Rs. 1400125 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 202274 lacs for the year ending on 31-MAR-2010 against Rs. 45850 lacs for the year ending on 31-MAR-2009.            -

03-05-2010          JSW Steel Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 516707 lacs for quarter ending on 31-MAR-2010 against Rs. 327502 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 71695 lacs for the quarter ending on 31-MAR-2010 against Rs. 4920 lacs for the quarter ending on 31-MAR-2009.

HDFC POSTS SPECTACULAR PERFORMANCE IN FY 10

H D F C

RESULTS FY 10 VS FY 09

(AUDITED, CUMULATIVE, CONSOLIDATED)

ANALYSIS

Net Sales for the year has increased  to Rs. 1209306 lakhs  in FY10 from Rs.1082102 lakhs in FY09.

On the other hand, total Expenditure has come down to Rs. 118417 lakhs in FY10 from Rs. 119607 lakhs in FY 09.

Net Profit  has increased  to Rs.  262911 lakhs in FY 10 from  Rs. 179512 lakhs in FY 09 – which is a huge jump for one year.

Consolidated Net Profit has also therefore jumped to Rs. 324098 lakhs in FY 10 from Rs. 231050 lakhs in FY 09.

Dividend (%) has been raised to a huge 360 for FY10 from a very decent  300% in FY 09 on a face value of Rs.10.

On a face value of Rs.10. the Basic EPS amounts to  Rs.113.33 in FY 10 from Rs. 81.09 in FY 09. This is again a highly creditable achievement.

On the current market price of Rs.2800, the P/E works out to 24.73.

Considering that the Basic EPS QOQ has been increasing to  32.24  from Rs.23.47 in previous Qtr, and 23.27 in its previous Qtr, Rs. 19.82 in the still previous qtr and Rs. 25.71 in its preceding qtr, the P/E is considered still LOW. On the basis of latest Quarterly EPS of Rs.32.24, the next annual EPS will be equal to or higher than Rs.128.96. This makes it a clear BUY at current prices.

Note : Readers are welcome to offer their comments, suggestions, corrections etc, which will  be gratefully taken note of.

RESULTS NUMBERS

(AUDITED, CUMULATIVE,CONSOLIDATED.)

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

Net Sales :: 1209306  :: 1082102

Other Operating Income :: -        ::83282

Employees Cost  :: 31866  :: 27263

Depreciation  :: 9144  :: 3664

Other Expenditure  :: 77407  ::    88680

Total Expenditure :: 118417  ::    119607

Other Income ::                26360    :: 5258

Interest                  :: 728886  ::        764742

Tax Expense ::   125452 :: 106781

Net Profit  ::  262911 ::   179512

Minority Interest  ::        -613 ::    -7719

Shares of Associates  ::  -60574   :: -43819

Consolidated Net Profit ::  324098 :: 231050

Dividend (%)     360         -              -300

Face Value (in Rs.) :: 10 :: 10

Paid-up Equity ::  28711 :: 28445

Reserves  :: 1789472  ::   1301313

Basic EPS ::  (in Rs.) ::      113.33   :: 81.09

Diluted EPS::      110.04   :: 79.68

ANNOUNCEMENT SENT BY HDFC 

TO THE EXCHANGE

03-05-2010          Housing Development Finance Corporation Limited has informed the Exchange regarding the outcome of Board Meeting held on May 03, 2010.     Click Here

03-05-2010          Housing Development Finance Corporation Limited has informed the Exchange that the Board of Directors at its meeting held on May 03, 2010 approved Annual General Meeting (AGM) of the Corporation be held on July 14, 2010. Further the Register of Members and Share Transfer Books of the Corporation shall remain closed from July 01, 2010 to July 14, 2010 (both days inclusive) for the purpose of determining the shareholders entitled to dividend for the financial year 2009-10.     -

03-05-2010          Housing Development Finance Corporation Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 03, 2010 approved the proposal to sub-divide the nominal value of the equity shares of the Corporation from Rs. 10 each to the nominal value of Rs. 2 each, subject to the approval of the Members at the Annual General Meeting (AGM) of the Corporation.               -

03-05-2010          Housing Development Finance Corporation Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 284688 lacs for quarter ending on 31-MAR-2010 against Rs. 293501 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 92638 lacs for the quarter ending on 31-MAR-2010 against Rs. 73337 lacs for the quarter ending on 31-MAR-2009.                -

03-05-2010          Housing Development Finance Corporation Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 03, 2010 recommended a dividend of Rs. 36 per equity share of Rs. 10 each for the financial year 2009-10 (Previous year: Rs. 30.00 per equity share).   -

03-05-2010          Housing Development Finance Corporation Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 1209306 lacs for year ending on 31-MAR-2010 against Rs. 1082102 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 324098 lacs for the year ending on 31-MAR-2010 against Rs. 231050 lacs for the year ending on 31-MAR-2009.     -

03-05-2010          Housing Development Finance Corporation Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 1112888 lacs for year ending on 31-MAR-2010 against Rs. 1048627 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 282649 lacs for the year ending on 31-MAR-2010 against Rs. 228254 lacs for the year ending on 31-MAR-2009.           -

03-05-2010          Housing Development Finance Corporation Limited has informed the Exchange that "The Corporation today i.e. April 30, 2010, allotted 4,03,093 equity shares of Rs. 10 each under distinctive numbers from 287533941 to 287937033 (both numbers inclusive) pursuant to conversion of FCCBs. Post the above allotment, the paid-up equity share capital of the Corporation would stand at Rs. 287,93,70,330.00 consisting 28,79,37,033 equity shares of Rs. 10 each."

TUBE INVESTMENTS DOES WELL IN FY 10 COMPARED TO FY 09

Tube Investments of India Limited

RESULTS OF FY 10 vs FY 09

(audited,cumulative,consolidated)

REVIEW

Tube investments ltd has performed well in FY10 compared to FY 09.

Net Sales  has increased to Rs. 310118 lakhs in FY10, from Rs.280492 lakhs in FY 09.

Total Expenditure has also increased but much less than proportionately to Rs. 284375 lakhs  in FY 10 from Rs. 263580 lakhs in FY 09- mainly under ‘other expenditure’.

Consolidated Net Profit has increased to Rs.  11226 lakhs in FY10 from Rs. 5261 lakhs in FY 09 – which is a huge increase of Rs.5965 lakhs – a 113.38 % increase over previous year.

The annual EPS has increased from  2.85 in FY 09 to 6.08 in FY 10 – which is a huge increase.

At current price of Rs.99.85, the P/E works out to  16.42.

The quarterly EPS for the 4^th Qtr is  1.52 compared to 0.97 in previous quarter and  -0.24 in corresponding quarter of last year.

Thus, the performance of Tube Investments in FY 10 is definitely creditable compared to FY 09.

Note : Readers may kindly offer their views, suggestions, criticism and corrections,if any, which will be gratefully taken note of.

OTHER HIGH LIGHTS :

The growth in automobile industry has aided the performance of the company well.

Over all all segments have done well.

According to L. Ramkumar, Managing Director, the company's focus this year was on improving operating efficiencies, using existing facilities better to service the increase in demand from its customers, new product offerings and superior customer service. The bicycles segment performed very well and grew in volume by 25 per cent and revenue by 31 per cent and improved its market share.

Results of Tube Investments

FY 10  vs  FY 09

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

Net Sales : 310118 :280492

Other Operating Income: 7548 :                4671

Increase in SIT and  WIP::-1054  ::-2287

 Raw Materials ::137482  ::135152

Purchase of traded goods:: 6938  :: 4226

Employees Cost  :: 26431 :: 23938

Depreciation     :: 8852 :: 7969

Other Expenditure :: 105726 :: 94582

Total Expenditure :: 284375 :: 263580

Other Income ::  480  :: 1629

Interest                  :: 18528  :: 21231

Exceptional items  :: -1380  :: -4167

Tax Expense  :: 5335  :: 705

Net Profit  ::  11288  :: 5443

Minority Interest :: 62  :: 182

Consolidated Net Profit ::  11226  ::  5261

Dividend  per share Rs. 1.50-      Rs.1.00-

Face Value (in Rs.) :: 2  :: 2

Paid-up Equity :: 3695  :: 3695

Reserves :: 76760  :: 65917

Basic EPS  ::  6.08  :: 2.85

Diluted EPS ::  6.06 :: 2.85

Quarterly EPS  ::

 For last 5 Quarters :  03/10 ;  12/09;  09/09  ;  06/09;  03/09

Basic EPS ::          1.52 ::    0.97 ::    0.37  ::   1.54  ::   -0.24

ANNOUNCEMENTS BY COMPANY TO THE EXCHANGE

03-05-2010          Tube Investments Of India Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 01, 2010 have recommended a dividend of Rs.1.50 (Rupees one and paise fifty only) per equity share of Rs.2 each for the financial year ended March 31, 2010.                 -

13-04-2010          Tube Investments Of India Ltd has informed the Exchange that pursuant to section 192A of the Companies Act, 1956, read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001, that the following Special Resolution are proposed by way of Postal Ballot : 1) Approval under Section 372A of the Companies Act, 1956 by Special Resolution for the investment of Rs. 150 Crores in 1% Fully Convertible Cumulative Preference Share of Cholamandalam DBS Finance Ltd and 2) Approval under Section 372A of the companies Act, 1956 by Special Resolution for the investment of Rs. 25 Crores in the equity shares of Financiere C10, the Company subsidiary in France. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

13-04-2010          Tube Investments Of India Ltd has informed the Exchange that "There was a fire accident in the Company's bicycle plant at Ambattur, near Chennai, resulting in damage to one of the painting booths. Please note that the fire has been extinguished and the asset is insured. Please also note that there are no casualties. We do not expect the accident to have any significant impact on the operations of the bicycles plant."    

09-04-2010          Tube Investments Of India Ltd vide its letter dated April 8, 2010 has informed the Exchange that:"The Company has today acquired 1,75,82,000 equity shares of Cholamandalam DBS Finance Ltd (CDFL) from DBS Bank Ltd, Singapore. Upon the above acquisition, the Company's holding in CDFL has increased from 30.93% to 57.41% of CDFL's equity capital. Consequently, CDFL has become a subsidiary of the Company."                 -

06-04-2010          Tube Investments Of India Ltd has informed the Exchange that "Credit Rating information Services of India ltd (CRISIL) has vide its letter dated April 5, 2010 downgraded the rating for the long-term bank loan facilities and non-convertible debenture programmes of the Company to "AA-/Stable" (Pronounced "Double A minus rating with Stable outlook) from "AA/ Stable" (Pronounced "Double A rating with Stable outlook")".            -

15-02-2010          Tube Investments Of India Ltd has informed the Exchange that the Company has entered into a Share Purchase Agreement (SPA) for acquisition of Sedis SAS, France through acquisition of its holding company, Financiere C10. As per the SPA, the Company has acquired 77.13% shareholding of Financiere C10 in the first tranche, primarily from the institutional shareholders and the balance 22.87% held by the key management persons will be acquired in the second tranche on or before 31st March, 2013. Sedis SAS is a wholly owned subsidiary of Financiere C10 and is a pioneer in the manufacture of Industrial and Engineering Class Chains with two manufacturing plants in France. Financiere C10 also has two other distribution companies as wholly owned subsidiaries viz., S2CI in France and Sedis Co Ltd in UK. The consolidated turnover of Financiere C10 was Euro 37 M and the profit after tax was Euro 1.35 M in 2008. During the first nine months of calendar year 2009, the revenue was at Euro 21 M and the profit after tax was Euro 0.55 M.         -

15-02-2010          Tube Investments Of India Ltd has informed the Exchange regarding a press release dated February 12, 2010 titled "Tube Investments of India acquires majority stake in Sedis, France". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.      -

01-02-2010          Tube Investments Of India Ltd has informed the Exchange regarding a press release dated January 30, 2010 titled "Tube Investments of India Ltd Q III Operating profit up 305 % & nine months operating profit up 169%". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

10-11-2009          Tube Investments Of India Ltd has informed the Exchange regarding a press release dated October 30, 2009 titled "TUBE INVESTMENTS OF INDIA LTD HALF YEAR OPERATING PROFIT UP 27%". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.      -

05-05-2009          Tube Investments Of India Ltd has informed the Exchange regarding the press release dated May 01, 2009, titled "Tube Investments reports higher Net Profit for 2008-09". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.    -

04-05-2009          Tube Investments Of India Ltd has informed the Exchange that the Board of Directors of Company met on May 01, 2009 and approved the following: (1) Recommended a dividend of Re.1 per equity share of Rs.2 each. (2) Decided to hold the Annual General Meeting of the Company on July 29, 2009. (3) Decided to close the share transfer books of the Company from July 17, 2009 to July 29, 2009 (both days inclusive) for the purpose of determining the members eligible to receive the dividend.

TITAN INDUSTRIES PERFORMS WELL IN FY 10 COMPARED TO FY 09

TITAN INDUSTRIES

FY10 vs FY 09

Review

Titan Industries has performed very well in FY 10 compared to FY 09. Net Sales has increased to Rs.467716 lakhs from Rs.383264 lakhs,up about 22.9%. Total expenditure has increased to Rs. 434188 lakhs from Rs.357110 lakhs.

Consolidated Net Profit  has registered a  good increase to Rs.25130 lakhs from Rs.16392 lakhs.

Based on this Net profit, the Basic EPS has gone up to Rs.56.61 from Rs.36.93 lat year on a Face value of Rs.10.

Thus, Titan industries has achieved creditable performance on all parameters during the year FY10.

Quarterly performance :

TITAN said, the quarter is up 48% over last year, in terms of turnover and  profit is doubled in the quarter upto Rs 64 crore as compared to last years Rs 32 crores.

TITAN further said “ We have grown the top-line by 22%, EBITDA by 24% and profit by 24%. It's  better than top-line growth improvement in bottomline and this is after providing for some amortization of trademarks—some extraordinary items—despite that the bottomline has improved faster than the topline. So margins have improved for the year.’

TITAN further said, “ Gold price is going up but then that is a pass through in our business but not on the any other businesses. We haven't faced any significant cost pressure on account of raw materials. I am talking about watches and eye wears and so on.”

Thus, overall, the performance in FY 10 is much better than FY 09.

At current price of Rs.2193 , the P/E works out 38.74


NOTE : Readers are welcome to offer their comments,suggestions,criticism and corrections, if any, which will be gratefully taken note of.

FY 2010 VS FY2009 RESULTS

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

Net Sales             :             467716 : 383264

Other Operating Income :           72 :     91

Increase/Decrease in SIT and WIP:  -11512  :   -15751

Consumption of Raw Materials :   314592 : 258645

Purchase of traded goods :   41215 : 34957

Employees Cost               : 27785 : 23645

Depreciation     :6069     :4235

Other Expenditure:        56039    :51379

Total Expenditure:          434188  :357110

Other Income    :1201     :440

Interest                :2540:   2879

Tax Expense       :7131     :7414

Consolidated Net Profit :  25130    :16392

Dividend (%)     150% :: 100%

Face Value (in Rs.)  :  10 :10

Paid-up Equity: :    4439 :    4439

Reserves :  68752    :51348

Basic EPS :   56.61 :   36.93

Announcements by TITAN to NSE

30-04-2010      Titan Industries Limited has informed the Exchange that the Board of Directors at its meeting held on April 30, 2010 have recommended a dividend of 150% , viz Rs.15 per share ( previous year: 100%) .

30-04-2010      Titan Industries Ltd. has informed the Exchange regarding a press release dated April 30, 2010, titled "Titan crosses billion dollar mark - Net profit up 59%". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

30-04-2010      Titan Industries Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 467716 lacs for year ending on 31-MAR-2010 against Rs. 383264 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 25130 lacs for the year ending on 31-MAR-2010 against Rs. 16392 lacs for the year ending on 31-MAR-2009.

30-04-2010      Titan Industries Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 467442 lacs for year ending on 31-MAR-2010 against Rs. 380338 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 25032 lacs for the year ending on 31-MAR-2010 against Rs. 15896 lacs for the year ending on 31-MAR-2009.

11-02-2010      Titan Industries Ltd. has informed the Exchange that "CRISIL has upgraded the rating assigned to the Company's long term rating from AA- Stable to AA Stable (pronounced as AA Stable) which indicates high degree of safety of the long term instruments".

02-02-2010      Titan Industries Ltd. has informed the Exchange regarding a press release dated January 29, 2010, titled "Titan Industries Ltd. - triples profit after tax in Q3". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

29-01-2010      Titan Industries Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2009 as follows: Net Sales of Rs. 133360 lacs for quarter ending on 31-DEC-2009 against Rs. 102381 lacs for the quarter ending on 31-DEC-2008. Net Profit / (Loss) of Rs. 7543 lacs for the quarter ending on 31-DEC-2009 against Rs. 1177 lacs for the quarter ending on 31-DEC-2008.

23-10-2009      Titan Industries Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2009 as follows: Net Sales of Rs. 114680 lacs for quarter ending on 30-SEP-2009 against Rs. 108853 lacs for the quarter ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 7760 lacs for the quarter ending on 30-SEP-2009 against Rs. 8714 lacs for the quarter ending on 30-SEP-2008.

23-10-2009      Titan Industries Ltd. has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2009 as follows: Net Sales of Rs. 202960 lacs for half year ending on 30-SEP-2009 against Rs. 189884 lacs for the half year ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 12364 lacs for the half year ending on 30-SEP-2009 against Rs. 11936 lacs for the half year ending on 30-SEP-2008.

27-07-2009      Titan Industries Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2009 as follows: Net Sales of Rs. 88280 lacs for quarter ending on 30-JUN-2009 against Rs. 81031 lacs for the quarter ending on 30-JUN-2008. Net Profit / (Loss) of Rs. 4604 lacs for the quarter ending on 30-JUN-2009 against Rs. 3222 lacs for the quarter ending on 30-JUN-2008.

27-07-2009      Titan Industries Ltd. has informed the Exchange regarding a press release dated July 27, 2009, titled "QTR I Results 2009-10; Titan Industries Q1 Net profit at Rs.46 crore". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

29-04-2009      Titan Industries Ltd. has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2009 as follows: Net Sales of Rs. 380338 lacs for year ending on 31-MAR-2009 against Rs. 304109 lacs for the year ending on 31-MAR-2008. Net Profit / (Loss) of Rs. 15896 lacs for the year ending on 31-MAR-2009 against Rs. 15027 lacs for the year ending on 31-MAR-2008.

29-04-2009      Titan Industries Ltd. has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2009 as follows: Net Sales of Rs. 383264 lacs for year ending on 31-MAR-2009 against Rs. 304656 lacs for the year ending on 31-MAR-2008. Net Profit / (Loss) of Rs. 16392 lacs for the year ending on 31-MAR-2009 against Rs. 14756 lacs for the year ending on 31-MAR-2008.

29-04-2009      Titan Industries Ltd.has informed the Exchange that the Board of Directors at its meeting held on April 29, 2009 have recommended a dividend on the equity shares of 100% free of tax, viz., Rs.10 per equity share. ( previous year : 80%, free of tax, Rs. 8 per equity share).

29-04-2009      Titan Industries Ltd. has informed the Exchange regarding a press release dated April 29, 2009, titled "Titan Industries grows top line by 27%". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

IFCI HAS DONE WELL IN FY10

IFCI PERFORMANCE REVIEW

FY 2010 VS FY2009

IFCI HAS PERFORMED MUCH BETTER IN FY2010 - compared to FY2009.

Its net profit rose by 71 per cent to Rs 243 Cr for the quarter ended March 31, 2010, compared  to the corresponding period last year.

Total income rose to Rs 540 crore for the quarter ended March 31 from Rs 369 crore in the corresponding period last year.

Net Sales for the year rose to Rs. 174345 lakhs from Rs.143222 lakhs last year.

The consolidated net profit for FY 2010 rose to Rs.69304  lakhs from Rs.66284 lakhs last year, an increase of 4.68 %..

The board has proposed a dividend of Re 1 per share for the year against 0.80 last year.

Basic EPS for the year rose to Rs.9.38 from Rs.8.63 last year.

Shares of IFCI Ltd were trading at Rs 52.95 on the BSE.

The P/E works out to 5.64. At current level of progress of performance, the share can merit better valuations.

 RESULTS COMPARISON

Description : FY2010(in lakhs) : FY2009( in lakhs)

Net Sales  :    174345     : 143222

Consumption of Raw Materials :1732     :-

Employees Cost                  :7121  :  5704

Depreciation     : 1127    :  812

Other Expenditure :       -37666   : -36067

Total Expenditure  :        -27686   : -29551

PB OI,INTT          :202031   :  172773

Other Income    :1744     : 8097

PB  Interest         : 203775  :  180870

Interest                    :  88905   :  78952

Profit after Interest :      114870  :101918

P B T  :   114870  ;  101918

Tax Expense       :  45566 :35634

P A T :    69304    : 66284

Net Profit (+)   : 69304    : 66284

Consolidated Net Profit (+) :      69304    :66284

Dividend (%)     :   10%-    :  8%-

Face Value (in Rs.)  :  10   : 10

Basic EPS (in Rs.) :     9.38 : 8.63

Diluted EPS(in Rs.)  :5.86   :     4.61

ANNOUNCEMENTS   BY   IFCI

30-04-2010          IFCI Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on April 30, 2010 inter-alia has recommended a dividend @ Re.1per share i.e. 10% for the year ended March 31, 2010, subject to the approval of shareholders at the ensuing Annual General Meeting.

30-04-2010          IFCI Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 54220 lacs for quarter ending on 31-MAR-2010 against Rs. 35626 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 24333 lacs for the quarter ending on 31-MAR-2010 against Rs. 14254 lacs for the quarter ending on 31-MAR-2009.

30-04-2010          IFCI Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 165705 lacs for year ending on 31-MAR-2010 against Rs. 140207 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 67094 lacs for the year ending on 31-MAR-2010 against Rs. 65715 lacs for the year ending on 31-MAR-2009.

30-04-2010          IFCI Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 174345 lacs for year ending on 31-MAR-2010 against Rs. 143222 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 69304 lacs for the year ending on 31-MAR-2010 against Rs. 66284 lacs for the year ending on 31-MAR-2009.