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Market Update

India Movers: BEL, Berger, DLF, GMR, MMTC, SAIL, Suzlon, Torrent


Author: Mukesh Buch
ticker.com
Last Update: 8:20 AM ET May 31 2013

6:00 PM Mumbai BEL profit and sales surged. Berger Paints net edged up. DLF net swung to loss as revenue declined 16%.GMR Infra net swung to profit. MMTC and SAIL net tumbled. Suzlon Energy net loss widened. Torrent Pharma net swung to profit.

The Sensex Index declined 455.10 or 2.3% to close at 19,760.30 The CNX Nifty dropped 138.10 or 2.3% to close at 5,985.95.

For the week, the Sensex rose 0.3% and for the month gained 1.3%.

Gainers & Losers

Bharat Electronics Limited jumped 3.6% to Rs 1,317.05 after net profit in the fourth quarter surged 77.5% to Rs 592.70 crore and net sales climbed 22.2% to Rs 2,727.63 crore.

The company expects order inflow during fiscal 2014 to soared 14.1% to Rs 6,000 crore, from Rs 5,255 crore orders received in fiscal 2013.

As of April 1, order book stood at Rs 24,949 crore.

For the year, net profit jumped 7.2% to Rs 889.83 crore and net sales rose 6% to Rs 5,990.45 crore.

Berger Paints India Limited declined 4.7% to Rs 230.45 after net profit grew 4.3% to Rs 50.90 crore and net sales rose 8.1% to Rs 734.09 crore.

For the year, net profit climbed 18.3% to Rs 209.80 crore and net sales jumped 13.6% to Rs 3,012.99 crore.

DLF Limited declined 2.2% to Rs 201.50 after the company reported fourth quarter consolidated net swung to a loss Rs 4 crore compared to net profit of Rs 212 crore.

For the quarter, revenue declined 16% to Rs 2,319 crore.

For the year, net profit plunged 41% to Rs 712 crore and revenue dropped 11% to Rs 9,096 crore.

DEN Networks Limited slid 0.4% to Rs 216.50 after the fourth quarter net profit declined 38.4% to Rs 1.49 crore and sales climbed 26.8% to Rs 151.91 crore.

For the year, net profit surged nearly five-fold to Rs 44.96 crore from Rs 7.87 crore and sales jump 36.1% to Rs 574.76 crore.

GMR Infrastructure, Ltd jumped 3.2% to Rs 21.10 after company reported consolidated net in the fourth quarter swung to profit Rs 579.17 crore compared to net loss of Rs 366.16 crore.

Total revenue climbed to Rs. 2,666.70 crore from Rs. 2,171.94 crore.

MMTC Limited dropped 2.3% to Rs 222.50 after the fourth quarter net profit tumbled 97.5% to Rs 2.21 crore and net sales plunged 31.4% to Rs 7,287.69 crore.

For the year, the trading company reported net swung to loss Rs 70.62 crore for the year compared to net profit of Rs 70.72 crore. Net sales declined 56.9% to Rs 28,415.62 crore.

Steel Authority of India Limited declined 5.2% to Rs 56.10 after net profit plunged 71.7% to Rs 446.53 crore and net sales dropped 9.2% to Rs 12,162.49 crore.

For the year, net profit declined 38.7% to Rs 2,170.35 crore and net sales fell 3.7% to Rs 43,961.05 crore.

Suzlon Energy Limited plunged 9.4% to Rs 11.81 after the company reported consolidated net loss in the fourth quarter widened to Rs 1,912.72 crore compared to Rs 300.24 crore a year earlier.

Net sales tumbled 36.1% to Rs 4,280.53 crore and for the year, net sales declined 11.1% to Rs 18,743.14 crore.

For the year, net loss surged at Rs 4,723.96 crore compared to Rs 478.58 crore.

Torrent Pharmaceuticals Limited surged 11.2% to Rs 797.45 after the company reported consolidated net in the fourth quarter swung to profit Rs 111 crore compared to net loss of Rs 2 crore.

For the quarter, consolidated revenue climbed 29% to Rs 871 crore. Revenue from domestic formulation segment jumped 9% to Rs 218 crore and international segment soared 35% to Rs 526 crore.

In the international segment, the U.S. business reported a growth of 43%, Europe 59%, Brazil 7% and in the rest of the world, including Russia and CIS sales increased 23%.

For the year, consolidated net profit after tax surged 52% to Rs 433 crore and revenue jumped 19% to Rs 3,212 crore.

Unitech Limited slid 1% to Rs 23.70 after the fourth quarter consolidated profit after tax surged to Rs 133.88 crore and total revenue climbed 21.2% to Rs 933.91 crore.

For the year, consolidated net profit jumped 25% to Rs 307.67 crore and total revenue edged down to Rs 2,629.30 crore.

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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc