NDPMS Wealth Management

Dolphin Offshore Enterprises (I) has reported a standalone sales turnover of Rs 150.03 crore and a net profit of Rs 6.91 crore for the quarter ended Dec '12. Dolphin Offshore shares closed at 120.25 on January 17, 2013 (NSE) and has given 50.78% returns over the last 6 months and 41.72% over the last 12 months. Dolphin Offshore Enterprises (I) Standalone Quarterly Results -------- in Rs. Cr. -------- Dec '12 Sep '12 Jun '12 Sales Turnover 150.03 47.95 60.37 Other Income -- -- -- Total Income 150.03 47.95 60.37 Total Expenses 134.62 39.15 53.32 Operating Profit 15.41 8.80 7.05 Profit On Sale Of Assets -- -- -- Profit On Sale Of Investments -- -- -- Gain/Loss On Foreign Exchange -- -- -- VRS Adjustment -- -- -- Other Extraordinary Income/Expenses -- -- -- Total Extraordinary Income/Expenses -- -- -- Tax On Extraordinary Items -- -- -- Net Extra Ordinary Income/Expenses -- -- -- Gross Profit 15.41 8.80 7.05 Interest 4.05 4.52 4.21 PBDT 11.36...

Reliance Industries (RIL) surprised the street by reporting better-than-expected December quarter numbers, boosted by higher gross refining margins (GRMs). The company posted a net profit of Rs 5502 crore against the CNBC-TV18 poll estimate of Rs 5060 crore. On a YoY basis, profits grew 24% after four quarters of declining returns. Meanwhile,quarterly revenues stood at Rs 96307 crore compared to the poll estimate of Rs 90750 crore and 10% up, from the year ago period.Attributing the good performance of the company to robust refining margins, chairman Mukesh Ambani said, "RIL's performance has improved in the quarter with margin expansion in petrochemicals and record earnings in the refining business." Here is a segment-wise performance of the company Refining division:  Revenues grew 12.9% to Rs 86,641 crore,year-on-year. GRMs, a measure of profitability stood at USD 9.6/bbl against USD 6.8/bbl,YoY. The company outperformed the benchmark Singa...

Results Update 3FYQuart2013 Infotech Enterprises   For 3QFY2013, Infotech Enterprises (Infotech) reported a muted set of results, with almost negligible volume growth. The quarter witnessed challenges in two of the top 10 client accounts. These two accounts (one in heavy engineering and one in hi-tech) resulted in a revenue impact of -4.2% qoq. The management had cut its FY2013 USD revenue growth guidance to less than 11% from 11-14% earlier in constant currency terms. To achieve it, the company faces an ask rate of 10%+ in 4QFY2012 which looks unachievable. The key reason for it being the extended furloughs seen by the company and ramp down in one of its top 10 accounts. The company has been making investments to strengthen its product portfolio and is taking initiatives to improve its financial metrics. The company is now focusing on strengthening its leadership along with improving its systems and processes and making them scalable. We expect an  USD revenue grow...

Nik’s Diary The Indian market opened positive, mirroring the positive opening of most of the Asian markets. US markets moved notably higher over the course of the trading day on Thursday after moving sideways over the past few days. The rally came following the release of upbeat employment and housing reports. The jobless claims fell to 335,000 (estimated 368,000), a five-year low, in the week ended January 12th from the previous week's revised figure of 372,000. Another report from the Commerce Department stated that the housing starts  jumped  12.1%  to  an  annual  rate  of  954,000 in December from the revised November estimate of 851,000. The European markets also finished in the green on Thursday, after the release of better than expected economic data in the US. Indian markets rose notable higher yesterday on reports that the government has permitted fuel price revision to reduce its fiscal deficit. Comments by Finance Minister, P. Chi...

Nik’s Diary The Indian market opened flat to positive mirroring positive opening of most of the Asian markets.US markets turned in a relatively lackluster performance during trading yesterday, extending a recent sideways move. The worries about the global economy stemmed from news that the World Bank cut its forecast for global economic growth in 2013 to 2.4% from the earlier forecast of 3.0%. However, the negative sentiment was partly offset by the release of a report by the Federal Reserve showing a bigger than expected increase in US industrial production in the month of December to 0.3% (estimate – 0.2%). Indian markets fell sharply yesterday, with rate-sensitive auto, banking and realty stocks leading the way, after RBI Governor Subbarao said there is no room for stimulus on both monetary and fiscal side.  GSM subscribers down 6.62mn  to 657.1mn in December 2012 Indian GSM telecom operators, including Bharti Airtel  BSE -0.81 % , Vodafone and Idea, lost ...