Result Review 4QFY2013

GAIL

State-run GAIL India  's March quarter profit more than halved to Rs 618 crore quarter-on-quarter on higher employee cost and depreciation cost. While employee cost went up around 28 percent to Rs 237 crore, depreciation cost also expanded 12 percent QoQ.to Rs 272.56. Sales also declined marginally to Rs 12408 crore. The company's subsidy share to oil companies also declined to Rs 587 crore from 1397 crore YoY. The firm along with other upstream firms have to partly compensate oil retaillers for selling petroleum products at subsidised rates. Source: MoneyControl

PVR

Multiplex chain PVR turned profitable in the fourth quarter. Its reported a consolidated net profit of Rs 11.7 crore against loss of Rs 13.2 crore in same quarter of previous financial year. Its consolidated net sales grew by 103 percent to Rs 242 crore during January-March quarter from Rs 119.4 crore in a year ago period. The company reported a tax writeback of Rs 29.4 crore during the fourth quarter. Revenues from its movie exhibition business doubled to Rs 214.72 crore from Rs 106.27 crore while movie production and distribution business' sales rose to Rs 17.93 crore from Rs 7.31 crore year-on-year. Revenues from bowling and gaming centre jumped to Rs 13.81 crore during March quarter from Rs 6.75 crore in a year ago period. The stock rallied 4.36 percent to close at Rs 342.05 amid hefty volumes on Bombay Stock Exchange.Source: MoneyControl

TATA GLOBAL

Tata Global Beverages today reported 76.64 percent increase in its consolidated net profit for the fourth quarter ended March 31, 2013 at Rs 95.76 crore on the back of robust performance in both tea and coffee segments. The company had posted a net profit of Rs 54.21 crore in the same period during the previous fiscal, Tata Global Beverages said in a filing to the BSE. Total income from operations stood at Rs 1,849.5 crore as compared to Rs 1,738.62 crore in the year-ago period, it added. The tea segment posted a revenue of Rs 1,366.56 crore, up from Rs 1,278.19 crore in the same quarter of previous fiscal. Coffee and other produce had sales of Rs 459.52 crore in the period under review as compared to Rs 434.38 crore in the fourth quarter previous fiscal, it said. "Both the tea and coffee segments have done well for us during the quarter and also the full year. In the tea segment, India has done exceedingly well while we also had good performance in markets like US and Australia," Tata Global Beverages CFO L Krishnakumar told PTI. Besides, cost efficiency measure undertaken by the company had also helped in better bottomline, he added. For the fiscal 2012-13, the company's consolidated net profit stood at Rs 372.75 crore as against Rs 356.14 crore in the previous fiscal. Net income from operations during FY13 stood at Rs 7,350.98 crore as against Rs 6,640.04 crore in the previous fiscal, the company said. Krishnakumar said in the coffee segment, Tata Global Beverages' joint venture with Starbucks Coffee Co is on track to open the stated 50 outlets of the US coffee chain in India within the first year. Tata Starbucks now has 13 stores in India across Mumbai and Delhi. He, however, declined to share revenues from the JV citing confidentiality clause. The company said its Board of Directors have recommended a dividend of Rs 2.15 per equity share of Re 1 each, fully paid, for the financial year 2012-13. Shares of Tata Global Beverages were trading at Rs 147.20 per scrip, during the afternoon trade, up 2.54 percent from the previous close on the BSE.Source: MoneyControl

HAVELLS INDIA

Havells India  ' fourth quarter profit jumped by 20 percent to Rs 109.8 crore from Rs 91.52 crore a year ago. Total income also surged by 11.7 percent from 1048.8 crore to Rs 1172.9 crore. The toplie growth was weak but the company did fare well on the operation front. Interest cost has also come off sharply to Rs 2.7 crore from Rs 20 crore, a year ago. The earnings before interest, tax, depreciation and amortization was up 16.4 percent at Rs 146 crore against Rs 125 crore in the previous quarter last fiscal. The company’s core operating profit margins have also improved by 50 basis points to 12.5 percent.

Segmentwise break-up

Switchgears form 25 percent of the company's revenues. Margins were under pressure in this segment. Revenues were up 31.2 percent at Rs 312 crore compared to Rs 238 crore. Earnings before interest, tax (EBIT) margins were down by 330 basis points to 31.3 percent. Cables and Wires comprises 40 percent of the total revenues. Sales in this segment were down 3.1 percent at Rs 462 crore. EBIT margins were also down 290 bps at 6.0 percent against 8.9 percent.Source: MoneyControl