TOP CORPORATE NEWS - 09 MAY 2016

HUL Q4 net profit up 7% (YoY); volume growth disappoints

Hindustan Unilever Ltd (HUL) has announced the following audited Q4 & FY16 results for the quarter & year ended March 31, 2016:

Standalone For the Quarter ended March 31, 2016 (YoY)

The Company has posted a net profit of Rs1089.59 crore Vs Rs1018.08 crore.

Total Income increased to Rs8027.91 crore Vs Rs7774.04 crore.

Emami spurts on better than expected Q4 nos

Shares of Emami gained4% to Rs1086 on NSE as expectation of better monsoons raised hopes of improving prospects in FY2017; Buy retained (TP – Rs1250)

Sales volume improved; high GPM leads to strong operating performance: Emami registered a double-digit revenue growth of 21.2% in Q4FY2016 (driven by a volume growth of 17.6%). The Kesh King brand contributed about Rs60 crore during the quarter.

Greaves Cotton Q4FY16 Results: Posts in line numbers

Greaves Cotton posted in line numbers for Q4FY2016

The revenues for the quarter grew 3% YoY to Rs405 cr on the back of a 1% YoY growth in Engine sales

The revenues were marginally ahead of our estimates of Rs387 cr

The operating margins were up by 411 BPS YoY due to softer commodity prices, however were lower than estimates our 16.3%. Engine segment EBIT margins expanded 260 BPS YoY

Reduced interest cost resulted in a adjusted PAT growing by 45% to Rs45, coming in line with our estimates.

KEC International gains on healthy earnings growth

Shares of KEC International gained over 3% to Rs130.40 on NSE after the company posted a very healthy earnings growth of 27% YoY in Q4FY2016 backed by strong margin expansion.

KEC International reported a very healthy earnings growth (up 27% YoY) in Q4FY2016, backed by EBITDA margin expansion of 147 bps and flat interest cost.

Despite flat revenue, margin expanded from 7.3% in Q4FY2015 to 8.7% in Q4FY2016, which resulted into EBITDA growth of 21%.

ITC gains on commencing Cigarette production

Shares of ITC gained 2% to Rs323.70 on NSE as its Cigarette factories are commencing production progressively (shutdown was announced on 5th May); New packs to have only 15% area for branding, printing, other details – sentimentally positive for ITC.

                                       

Get real time advice for Intraday Trading Tips , Share Market Live  , Intraday Equity Tips , Stock Trading tips , Free Intraday Tips , Best Accurate Stock Tips , NSE Stock market Tips and all Maket Updates .