India Movers: RCom Repaid $500 million Loan, NDTV Soars on Profit

Mukesh Buch
10 May, 2013
New York City

Ashok Leyland fourth quarter net plunged 42% and Aban Offshore signed contract in Mexico worth $177 million. Central Bank of India and NDTV net swung to profit and Escorts net soared 62%. NTPC net jumped 69% and RCom repaid syndicated loan of $500 million.

[R]6:00 PM Mumbai – Ashok Leyland fourth quarter net plunged 42% and Aban Offshore signed contract in Mexico worth $177 million. Central Bank of India and NDTV net swung to profit and Escorts net soared 62%. NTPC net jumped 69% and RCom repaid syndicated loan of $500 million.[/R]

The Sensex Index gained 143.58 or 0.7% to close at 20,082.62 The CNX Nifty rose 44.60 to close at 6,094.75.

For the week, the Sensex jumped 2.6%.

Gainers & Losers

Ashok Leyland Limited slipped 1.1% to Rs 22.40 after net profit in the fourth quarter plunged 42% to Rs 150.03 crore and total income from operations declined 13.9%to Rs 3,728.46 crore.

For the year, net profit tumbled 23.4% to Rs 433.70 crore and total income from operations slipped 3.3% to Rs 12,481.20 crore

The company said its commercial vehicle sales in April dropped 19% to 5,251 units compared to 6,468 units in same month of last year.

Aban Offshore Limited rose 1.6% to Rs 328.10 after the company signed contract for deploying a jack-up rig in Mexico for a firm period of 1,115 days.

The estimated revenues from the deployment are about $177 million.

Central Bank of India climbed 4.3% to Rs 72.30 after the bank reported fourth quarter net profit swung to Rs 169.15 crore compared to net loss of Rs 105.23 crore.

The ratio of gross non-performing assets decreased to 4.8% at the end of March from 4.83% and provisions and contingencies declined 48.16% to Rs 445.08 crore.

For the year, net profit surged 90.4% to Rs 1,014.96 crore and total income climbed 14.5% to Rs 23,527.98 crore.

Escorts Limited gained 1.2% to Rs 66.20 after net profit in the second quarter soared 61.6% to Rs 37.47 crore and net sales to Rs 997.13 crore.

HT Media Limited surged 5.2% to Rs 109.75 after its board plan to consider a proposal to buy back company shares.

NTPC Limited slid 0.8 to Rs 155.15 after net profit in the fourth quarter jumped 68.9% to Rs 4,381.61 crore.

For the year, net profit surged 36.8% to Rs 12,619.39 crore.

New Delhi Television Limited surged 19.7% to Rs 89.95 after the company reported consolidated net profit in the fourth quarter swung to Rs 27.81 crore from net loss of Rs 41.33 crore.

Television media reported fourth quarter consolidated revenue jumped 37.1% Rs 196 crore.

PVR Limited jumped 2.5% to Rs 361.40 after Macquarie Bank bought total 2,68,576 shares representing 0.67% of total equity of multiplex chain operator for Rs 9.4 crore at an average price of Rs 352.72 per share.

Reliance Communications Limited rose 0.6% to Rs 110.30 after the company said it fully repaid syndicated ECB loan facility of $500 million on the due date today.

The company had taken the loan in 2007 from a group of international banks.