HDFC to raise Rs5,000 crore via quasi-debt issue
HDFC to raise Rs5,000 crore via quasi-debt issue, to offer NCDs, warrants to FIs simultaneously – positive read thru for HDFC .HDFC is likely to raise roughly Rs5,000 crore through a structured quasi-debt offer to domestic institutions soon. The company is likely to simultaneously issue non-convertible debentures ( NCDs) and warrants to investors that could help it raise funds at a cheaper cost and would be launched in the next couple of weeks. We have buy rating on HDFC Ltd.
Emami consolidated Q1 net profit Rs88 crore
Emami Ltd announced the following Unaudited results for the quarter ended June 30, 2015. Standalone :Net profit at Rs86.81 crore vs Rs65.76 crore (YoY) .Total Income at Rs560.11 crore vs Rs464.38 crore (YoY) Consolidated : Net profit at Rs87.75 crore vs Rs70.81 crore (YoY) .Total Income at Rs608.36 crore vs Rs504.06 crore (YoY).
Britannia focus on capacity expansion to reduce cost
Britannia: new launches and increase in distribution reach to drive revenue growth; focus on capacity expansion to reduce distribution cost and improving operating efficiencies .Britannia is planning to do a capex of Rs500crore to further expand the capacity (from current levels of 8,00,000 tonne). The expansion of capacity is aimed at reducing the distribution cost and increase the production through in-house facility.
Hexaware Tech consolidated Q2 net profit Rs99 crore
Hexaware Technologies Ltd announced the following audited results for the quarter ended June 30, 2015. Standalone :Net profit at Rs86.78 crore vs Rs65.36 crore (YoY) .Total Income at Rs321.52 crore vs Rs244.75 crore (YoY) Consolidated : Net profit at Rs98.88 crore vs Rs76.57 crore (YoY) .Total Income at Rs774.46 crore vs Rs617.70 crore (YoY). The Board of Directors declared payment of interim dividend @ Rs2 per share (100%) on equity shares of Rs2 each.
Bharti Airtel rises as Q1FY16 posts good India performance
Shares of Bharti Airtel gained over 2% to Rs 421.80 on NSE as Q1FY16 posts good India performance; data drives the growth .The consolidated topline grew at 2.8% on a qoq basis, with strong growth from the India mobile business, that grew on the back of strong growth in the data business. The data ARPU’s increased, while the blended ARPU’s remained flat at Rs 198 on a yoy basis.
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