Q2 2009-2010 Company Results Update - Oct 27, 2009

Posted by admin in Results on Oct 27th, 2009 | no responses

Company Results Update Q2 2009-2010:

PTC India (a Public Sector Power trading company) announced average results in this quarter mainly due to higher tax payout. Company sold more than 80 crore units of Power this quarter. Despite average results, this power trading company is still a good conservative stock due to its safe business model.

Total income: 2,475 crore Vs 2,060 crore (20% increase)
Net Profit: 30.8 crore vs 32.7 crore (6% fall)

IDBI bank announced good results this quarter too. This bank is seems to be consistently growing.

Sales: Rs.3720.14 Cr vs Rs.2596.80 Cr (43% up)
Net Profits: Rs.253.74 Cr vs Rs.162.48 Cr (56% up)
OPM: 80.35% vs 85.95% (7% down)

Ranbaxy announced good results in this quarter beyond the analyst expectations. Ranbaxy reported a profit of 156 crore against a 353 crore loss in third quarter in FY 2008-09. US FDA ban is still a major hurdle for the stock to perform better.

Welspun Gujarat announced superb results in the second quarter beyond analyst estimates. The Net Profit recorded a 114% growth. More over this pipe company has orders worth more than 10,000 crore. So the future looks bright for this company.

Sales: 1,810 crore Vs 1,493 crore (21% increase)
Net profit: 140 crore Vs 65 crore (114% increase)

Idea Cellular announced very disappointing results despite positive expectations. Idea announced flat sales and a 20% fall in profits. As the margins in the telecom sector are shriking as the price war heats up, this company face the risk is loosing in the long term. So it won’t be a good Idea to investing in Idea Cellular currenlty. The entire telecom sector is looking week currently.

Aban Offshore announced worst results this quarter. The Net Profit shrinked beyond expectations.