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Coal India, ONGC in focus after declaring Q4 result

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ONGC's net profit fell 19.51% to Rs 3935.07 crore on 3.07% increase in total income to Rs 23381.07 crore in Q4 March 2015 over Q4 March 2014. The result was announced after trading hours yesterday, 28 May 2015.

The company's net profit fell 19.74% to Rs 17732.95 crore on 2.61% decline in total income to Rs 88238.18 crore in the year ended March 2015 over the year ended March 2014.

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As per the decision of the Government of India no discount has been extended by ONGC to public sector oil marketing companies (PSU OMCs) during Q4 March 2015. During the corresponding previous year period i.e. in Q4 March 2014, ONGC gave a subsidy discount of a whopping Rs 16202 crore to PSU OMCs on sale of crude oil, PSD kerosene and domestic LPG.

 

There was an increase in oil and gas production by 6.19% (oil 0.86% and gas 16.37%) in the year ended March 2015 compared with the year ended March 2014. The incremental production was primarily due to better management and addition in the portfolio.

On a consolidated basis, Coal India's net profit fell 4.41% to Rs 4238.55 crore on 3.05% increase in total income to Rs 23065.65 crore in Q4 March 2015 over Q4 March 2014.

On a consolidated basis, the company's net profit fell 9.16% to Rs 13726.70 crore on 3.74% increase in total income to Rs 80690.71 crore in the year ended March 2015 over the year ended March 2014.

Shares of Bosch and IDFC will be in focus as Bosch replaces IDFC in the 50-unit CNX Nifty index effective from today, 29 May 2015.

NTPC, Sun Pharmaceutical Industries, Mahindra & Mahindra, Cipla, Bosch and Indian Oil Corporation will announce their Q4 results today, 29 May 2015.

Bank stocks will be in focus after the Reserve Bank of India (RBI) yesterday, 28 May 2015, advised banks to encourage large agricultural borrowers such as agricultural commodity processors, traders, millers, aggregators etc. to hedge their risks related to agricultural commodity prices. Banks provide a number of credit facilities to customers engaged in activities related to agriculture. Volatility in agricultural commodity prices may negatively impact such borrowers and the banks, according to the central bank. Hence, hedging of agri-commodity price risk will be beneficial to both the borrowers and the banks, the RBI said in a statement. The RBI has advised banks to educate their customers about the suitability and appropriateness of using various hedging tools so that they can take an informed decision. This will also reduce the scope of mis-selling of derivatives. Banks have to keep the sophistication, understanding, scale of operation and requirements of their agri-borrowers in mind while advising them on the availability and use of these instruments, the RBI said.

NMDC net profit fell 31.35% to Rs 1347.09 crore on 19.43% decline in total income to Rs 3554.77 crore in Q4 March 2015 over Q4 March 2014. The result was announced after trading hours yesterday, 28 May 2015.

Hindustan Petroleum Corporation (HPCL)'s net profit fell 53.09% to Rs 2162.39 crore on 30.17% decline in total income to Rs 45093.35 crore in Q4 March 2015 over Q4 March 2014.

The company's net profit rose 57.65% to Rs 2733.26 crore on 7.37% decline in total income to Rs 207794.60 crore in the year ended March 2015 over the year ended March 2014.

HPCL said that average gross refining margins were reported at $2.84 per barrel in the year ended March 2015 as against $3.43 per barrel during the year ended March 2014. During the current year ended March 2015, subsidy amounting to Rs 636.99 crore (April - March 2014: Rs 635.14 crore) has been accounted at the subsidy rates as approved by the Government.

Based on the approval received from Government of India, the company has accounted for budgetary support amounting to Rs 5057.94 crore for the period April-March 2015 (April-March 2014: Rs 15215.45 crore) against under-recoveries on sale of sensitive petroleum products for the period April-March 2015.

Discount from upstream oil companies in respect of crude oil, PDS Kerosene & Domestic LPG purchased from them, amounted to Rs 10862.21 crore in the year ended March 2015 compared with 16770.77 crore in the year ended March 2014.

Container Corporation of India's net profit rose 18.97% to Rs 292.71 crore on 13.95% increase in total income to Rs 1608.05 crore in Q4 March 2015 over Q4 March 2014.

The company's net profit rose 6.38% to Rs 1047.55 crore on 10.98% increase in total income to Rs 5944.44 crore in the year ended March 2015 over the year ended March 2014.

Aurobindo Pharma's board of directors at its meeting held yesterday, 28 May 2015, considered and recommended 1:1 bonus shares. On a consolidated basis, Aurobindo Pharma's net profit fell 19.5% to Rs 403.80 crore on 35.5% rise in total income to Rs 3168.81 crore in Q4 March 2015 over Q4 March 2014. The announcement was made after trading hours yesterday, 28 May 2015.

Rural Electrification Corporation (REC)'s net profit fell 8% to Rs 1096.50 crore on 19.6% rise in total income to Rs 5370.76 crore in Q4 March 2015 over Q4 March 2014. The result was announced after trading hours yesterday, 28 May 2015.

United Breweries' net profit fell 28.9% to Rs 48.13 crore on 7.5% rise in total income to Rs 1167.81 crore in Q4 March 2015 over Q4 March 2014. The result was announced after trading hours yesterday, 28 May 2015.

On a consolidated basis, Crompton Greaves' reported net loss of Rs 198.55 crore in Q4 March 2015 as compared to net profit of Rs 63.82 crore in Q4 March 2014. Total income fell 1.6% to Rs 3826.96 crore in Q4 March 2015 over Q4 March 2014. The result was announced after trading hours yesterday, 28 May 2015.

On a consolidated basis, Wockhardt's net profit fell 54.2% to Rs 34.08 crore on 3% rise in total income to Rs 1091.82 crore in Q4 March 2015 over Q4 March 2014. The result was announced after trading hours yesterday, 28 May 2015.

Cummins India's net profit rose 34.3% to Rs 190.44 crore on 19.6% rise in total income to Rs 1199.60 crore in Q4 March 2015 over Q4 March 2014. The result was announced after trading hours yesterday, 28 May 2015.

SpiceJet reported net profit of Rs 22.52 crore in Q4 March 2015 as compared to net loss of Rs 321.51 crore in Q4 March 2014. Total income fell 42.4% to Rs 939.38 crore in Q4 March 2015 over Q4 March 2014. The result was announced after trading hours yesterday, 28 May 2015.

Navneet Educatation's net profit fell 3.8% to Rs 15.65 crore on 3.2% decline in total income to Rs 183.64 crore in Q4 March 2015 over Q4 March 2014. The result was announced after trading hours yesterday, 28 May 2015.

Hindustan Copper's net profit fell 80.57% to Rs 26.60 crore on 49.30% decline in total income to Rs 272.71 crore in Q4 March 2015 over Q4 March 2014.

The company's net profit fell 76.40% to Rs 67.60 crore on 31.66% decline in total income to Rs 1082.44 crore in the year ended March 2015 over the year ended March 2014.

BASF India announced after market hours yesterday, 28 May 2015, that it inaugurated the new Agricultural Research Station in Pune. With a project cost of approximately Rs 64 crore, this new research & development center will focus on undertaking global research in the area of crop protection.

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First Published: May 29 2015 | 8:28 AM IST

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