RIL may gain after announcing good Q4 results

Reliance Industries (RIL)'s consolidated net profit rose 15.93% to Rs 7398 crore on 10.95% fall in total income to Rs 62010 crore in Q4 March 2016 over Q4 March 2015. Profit before interest, depreciation and tax (PBDIT) rose 16.9% to Rs 13994 crore in Q4 March 2016 over Q4 March 2015. Earnings before interest and tax (EBIT) margin increased by 3.22% to 12.1% in Q4 March 2016 as compared with Q4 March 2015. The result was announced after market hours on Friday, 22 April 2016. Decline in revenue was led by the 41.4% decline in benchmark oil price which averaged at $30.4 per barrel in Q4 March 2016 as compared to $51.9 per barrel in Q4 March 2015. Based on standalone performance, the gross refining margin (GRM) increased to $10.80 per barrel in Q4 March 2016 from $10.10 per barrel in Q4 March 2015.

On consolidated basis, Cairn India reported net loss of Rs 10948.22 crore in Q4 March 2016, higher than net loss of Rs 240.82 crore in Q4 March 2015. Net total income from operations declined 35.87% to Rs 1716.83 crore in Q4 March 2016 over Q4 March 2015. The result was announced after market hours on Friday, 22 April 2016.

Cairn India's bottom line during the quarter was dragged down due to impairment charges. Due to decline in crude oil prices in the international market, the company has recorded an impairment on the carrying value of goodwill and some of its non-producing oil and gas assets aggregating to Rs 11389.63 crore and Rs 284.17 crore respectively in Q4 March 2016.

Cairn India said it is committed to the company's merger with Vedanta and continue to work towards its completion. The merger would generate value for the shareholders and de-risks Cairn India by providing access to a portfolio of diversified assets in a volatile market and deliver significant near term growth, the company said in a statement.

With regard to its business outlook for the current financial year (FY 2017), Cairn India said it aims to maintain production from Rajasthan asset broadly at FY 2016 level. With an estimated net capex of Rs $100 million, the company plans to invest 80% in development (primarily RDG Gas and Mangala EOR completion activities) and 20% in exploration. Cairn India said it will continue investing in pre-development activities of its key projects in Core MBA fields, Barmer Hills and Satellite fields, to ensure project readiness for development with rebound in oil prices and grant of extension of Production Sharing Contract (PSC). Cairn India said it maintains the flexibility to raise its capital investment as oil prices improve and aim to generate a healthy cash flow post capex so as to retain the ability to pay dividends.

UltraTech Cement announces Q4 results today, 25 April 2016.

TCS announced that to aid the growing demand for network services due to rise of smart devices and increasing mobile data traffic it has launched Mobile Network Function Virtualization (NFV) Management framework for anytime-anywhere NFV monitoring and management for Red Hat OpenStack Platform.

NFV enables operators to monetize their cloud infrastructure more effectively by providing capabilities to start new services quickly and seamlessly meet changing network demands. It also provide them with the ability to monitor their cloud environment and make critical business decisions in near real time. The TCS framework enables the Network administrators to securely and flawlessly monitor and manage critical operations with Red Hat OpenStack Platform. The announcement was made after market hours on Friday, 22 April 2016.

Bharti Airtel announced on Saturday, 23 April 2016, that its board of directors will consider a proposal for buyback of equity shares on 27 April 2016 when it is announcing Q4 March 2016 results. The board will also consider payment of final dividend for the year ended 31 March 2016.

Wipro announced that it has fixed 6 May 2016 as the record date for the purpose of buyback of equity shares. The announcement was made after market hours on Friday, 22 April 2016.

Shriram Transport Finance Company announced that the Banking and Finance Committee of the company in its meeting held on 22 April 2016 approved and allotted 260 secured redeemable non-convertible debentures(NCDs) of face value of Rs 10 lakhs each, aggregating to Rs 26 crore on private placement basis. NCDs have a tenure of 10 years and coupon rate of 9.2% per annum. The announcement was made after market hours on Friday, 22 April 2016.

Tata Communications announced that it has made additional investment of 5% equity in Smart ICT Services following Smart ICT's board of directors' approval to transfer 5% of stake held by Centios Co to Tata Communications. Following the transfer, Tata Communications' stake in Smart ICT increased to 24% from the earlier 19% and consequently Smart ICT became associate of the company. Smart ICT has been awarded a contract by the Gujarat International Finance Tec-city (GIFT) to design, finance, establish, install, test, commission and operate and maintain the ICT in GIFT city. The announcement was made after market hours on Friday, 22 April 2016.

DIC India's net profit rose 26.98% to Rs 7.20 crore on 2.74% decline in net total income from operations to Rs 168.75 crore in Q1 March 2016 over Q1 March 2015. The result was announced after market hours on Friday, 22 April 2016.

Dewan Housing Finance Corporation announced that the company proposes to issue 130 secured redeemable non-convertible debentures aggregating to Rs 13 crore on private placement basis. The announcement was made after market hours on Friday, 22 April 2016.

Mahindra & Mahindra Financial Services' consolidated net profit rose 12% to Rs 411.32 crore on 13.37% rise in total income to Rs 1904.87 crore in Q4 March 2016 over Q4 March 2015. The result was announced on Saturday, 23 April 2016.

Honda Siel Power Products announced that as a part of make in India initiative and renewed thrust on farm mechanization, the company has announced the launch of indigenously built power tiller to cater to the vast domestic market as well as other emerging markets globally. The announcement was made on Saturday, 23 April 2016.

Astral Poly Technik announced that it has has executed lease agreement with Rajasthan State Industrial Development & Investment Corporation (RIICO) for lease of land admeasuring 32,500 square metres situated at Plot No. SP5-132, Ghilot Industrial Area, Dist: Alwar, Rajathan. The company intends to set up a unit for manufacturing of PVC/CPVC pipes/fittings to cater to the demand of North India. The announcement was made on Saturday, 23 April 2016.

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