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Market Update

India Movers: Coal India, Diviís Labs, Tech Mahindra, Voltas


Author: Mukesh Buch
ticker.com
Last Update: 12:15 PM ET May 21 2013

6:00 PM Mumbai Ė Coal India net profit surged 90% and Diviís Labs net plunged 17%. Hotel Leelaventure net swung to profit and Gokaldas Exports net loss narrowed. IFCI net tumbled 32% and Tech Mahindra net climbed. Voltas net plunged 91%.

The Sensex Index dropped 112.37 or 0.6% to close at 20,111.61 The CNX Nifty slumped 42.80 to close at 6,114.10.

Gainers & Losers

Autoline Industries Limited slipped 1% to Rs 90.50 after the company reported net swung to a loss of Rs 1.43 crore compared to net profit of Rs 17.69 crore a year earlier.

Sales in the quarter slipped 6.5% to Rs 149.01 crore and for the year, sales slid 1.8% to Rs 573.33 crore.

Coal India Limited gained 2.1% to Rs 307.05 after net profit in the quarter surged 89.7% to Rs 2,320.61 crore and net sales declined 21.1% to Rs 121.93 crore.

For the year, net profit jumped 21.4% to Rs 9,794.32 crore and net sales tumbled 15.3% to Rs 352.25 crore.

Diviís Laboratories Limited plunged 7.3% to Rs 1,007.50 after consolidated net profit in the fourth quarter plunged 16.8% to Rs 180.57 crore and revenues slipped 7.9% to Rs 665.10 crore.

For the year, consolidated net profit jumped 12.9% to Rs 602.01 crore and revenues gained 14% Rs 2,189.65 crore.

Hotel Leelaventure Limited dropped 3.9% to Rs 20.85 after net in the fourth quarter swung to a profit of Rs 142.17 crore from net loss of Rs 209.66 crore.

For the year, net swung to loss of Rs 433.46 crore compared to net profit of Rs 18.63 crore. For the year, revenues climbed 14.3% to Rs 653.86 crore.

Gokaldas Exports Limited soared 4.5% to Rs 34 after reported net loss in the fourth quarter narrowed to Rs 10.99 crore compared to Rs 51.39 crore and sales in the quarter jumped 7.7% to Rs 254.11 crore from a year ago period.

For the year, reported net loss dropped to Rs 111.88 crore from net loss of Rs 132.76 crore and sales for the year fell 0.5% to Rs 898.99 crore as against Rs 903.38 crore in the last year.

IFCI Limited declined 2.4% to Rs 29.10 after net profit in the fourth quarter tumbled 31.6% to Rs 149.94 crore and revenues declined 8.2% to Rs 735.38 crore.

For the year, net profit plunged 32.05% to Rs 450.87 crore and revenues decreased 3.2% 2,759.30 crore.

Shriram City Union Finance Limited advanced 2.8% to Rs 1,139 after consolidated net profit in the quarter climbed 33.2% to Rs 125.61 crore and revenues jumped 37.9% Rs 841.14 crore.

For the year, consolidated net profit surged 32.9% to Rs 449.44 crore and revenues soared 50.7% to Rs 3,099.93 crore.

Tech Mahindra Limited dropped 1.3% to Rs 909.75 after the fourth quarter consolidated net profit climbed to Rs 377 crore from Rs.302.50 crore.

Total revenue in the quarter jumped to Rs 1,883.70 crore compared to Rs 1,397.91 crore a year earlier period.

Voltas Limited dropped 3.6% to Rs 89.05 after the fourth quarter consolidated net profit plunged 91.4% to Rs 8.92 crore and net sales rose 1.2% to Rs 1,592.22 crore.

Revenue from electro-mechanical projects and services segment grew to Rs 3,200 crore from Rs 3,183 crore and order book dropped to Rs 3,719 crore compared to Rs 4,292 crore a year earlier.

For the year, net profit surged 28.2% to Rs 207.78 crore and net sales jumped 6.6% to Rs 5,514.06 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