Alok industires 2012 Q2 net profit Rs 289.62Crore

One of the textile company alok Industries announced its results today. As per the results they have grown around 283.02% which is Rs 289.62 cr of net profit on the Q2 ended Sept 30, compared to Q2 -2011. Last year net profit was Rs 75.61 cr in Q2 of last fiscal. In 2nd quarter of 2012, its net sales went up by 51.28% to Rs 3,324.77 cr , compared to Rs 2,197.70 cr in the same period of the last year.

“This performance is a reflection of the company’s strategy of diversifying products, markets and customers along with integrated business operations in cotton and polyester segments. We will continue its focus on improving operational parameters, exiting non-core businesses and monetizing them to reduce debt and improving cash flows,” Alok Industries Managing Director Dilip Jiwrajka said.

Exports contributed more for this quarter. Exports alone for the Q2 stood at Rs 832.97 cr, against Rs 786.99 cr in the same period of the last fiscal, registering a growth of 8.32 %.
Alok industries closed at Rs 11.83 in BSE which is 2.69% up.

Indusind bank 2012-Q1 results were up by 31%

Indusind bank has announced its first quarter (April-June 2012) on July 10,2012. It reported a 31% YoY jump in net profit at Rs 236 crore. Major contribution by higher Net Interest Income (NII) and other income growth. One of the business channel CNBC TV18 poll expected the bank to post 27% growth in net profit in Q1. But the actual results exceeded the expectations.

Net Interest Income grew 24.1% YoY to Rs 484 crore while other income shot up around 49% to Rs 319 crore during the quarter.

"The Bank has coped well in a deteriorating operating environment to deliver a healthy growth in the bottom line and balance sheet while maintaining the quality of the loan book," Romesh Sobti, managing director and CEO, IndusInd Bank said.

the bank had more of retail loans compared to corporate credit. So this retail loans also one of the key contributor for these results. As on today(July12th) the stock was trading around 341 levels. In each decline one can accumulate this stock and it will reach 360 levels soon.

NOTE: YoY - Year over Year

Reliance Capital 4th Quarter net profit of Rs. 5193.40 million

Reliance Capital Ltd has announced their results during Board of Directors meeting held on May19 and they have recommended a dividend of Rs. 7.50 per equity share.It has posted a overall net profit of Rs. 5193.40 million for the year ended March 31, 2012 and during the last quarter of last year was Rs. 2292.70 million for the year ended March 31, 2011. so this quarter net profit is Rs 2900.7 million more compared to fourth quarter of last year. Total Income has raised from Rs. 19712.60 million for the year ended March 31, 2011 to Rs. 33169.40 million for the year ended March 31, 2012.

Name: Reliance Capital
BSE Script: 500111
On may 18th, the stock got opened at 285.20 and it got closed at 290.90

Per Second Billing Compulsory for Mobile Operators: TRAI

Telecom Regulatory Authority India (TRAI) announced its new rule as a mandatory thing for all the telecom network operators. As per this rule, all the operators should give per second billing option to customers. When TATA DOCOMO started GSM Services in India, they started announcing "Per second billing" option which attracted the Indian people and they became one among the top in the subscriber base with in few months from launch and they are doing very well in India. Just to compete with them other operators also started following the same “Per second billing" option.

TRAI said that all the operators should have up to 25 different tariff plans in which one should be "Per second billing" and it allows the operators to charge up to 4 times the existing tariff for premium services which includes calls and messages sent to TV & Radio contests etc. "The authority does not intend to restrict the growth of services involving content nor to curb the revenue streams available for the service providers," TRAI said.