India Movers: Cadila, Cipla, IOC, M&M, NMDC, ONGC, Tata, Torrent

Mukesh Buch
30 May, 2013
New York City

Cadila Health net surged 54% but Cipla net declined 8%. IOC net profit climbed but ONGC profit plunged. M&M net surged. Madras Cements and NMDC net tumbled. Tata Motors net swung to a loss. Torrent Power net plunged.

[R]6:00 PM Mumbai – Cadila Health net surged 54% but Cipla net declined 8%. IOC net profit climbed but ONGC profit plunged. M&M net surged. Madras Cements and NMDC net tumbled. Tata Motors net swung to a loss. Torrent Power net plunged.[/R]

The Sensex Index gained 67.76 or 0.3% to close at 20,215.40 The CNX Nifty rose 19.75 to close at 6,124.05.

Gainers & Losers

Cadila Healthcare Limited slipped 1.5% to Rs 775.25 after consolidated net profit in the fourth quarter surged 54% to Rs 263 crore and total sales soared 16% to Rs 1,599 crore.

Cipla Limited declined 4.6% to Rs 383 after fourth quarter net profit declined 8.3% to Rs 268 crore and revenue increased 4.9% to Rs 1,982 crore.

For the year, net profit soared 34.1% to Rs 1,507.11 crore and sales climbed 17.7% to Rs 8,015.37 crore.

Indian Oil Corporation Limited rose 1% to Rs 294.80 after fourth quarter net profit climbed 14.5% to Rs 14,512.81 crore and total revenue from operations jumped 9.7% to Rs 1,28,681.03 crore.

For the year, net profit soared 26.6% to Rs 5,005.17 crore and total revenue from operations climbed 12.2% to Rs 4,47,096.41 crore.

Average gross refining margins in the quarter declined to $2.39 per barrel compared to $4.25 per barrel a year ago period.

Mahindra & Mahindra Limited climbed 4.6% to Rs 1,004.60 after the fourth quarter combined profit surged 41.8% to Rs 1,230.40 crore and net profit rose 1.68% to Rs 889.19 crore.

The combined gross revenue of Mahindra & Mahindra and Mahindra Vehicle Manufacturers climbed 9.8% to Rs 11,342.30 crore.

For the year, net profit jumped 16.5% to Rs 3,352.82 crore and revenue surged 27.11% to Rs 39,903.12 crore.

MphasiS Limited surged 8.4% to Rs 484.70 after consolidated net profit in the second slipped 4.3% to Rs 177 crore and revenue climbed 11.8% to Rs 1,405 crore.

Operating margins for the quarter slid 14.7% from 15.5% of first quarter.

Madras Cements Ltd. plunged 5.1%% to Rs 232.45 after fourth quarter net profit tumbled 35.3% to Rs 64.15 crore and 5.4% total sales jumped 5.4% to Rs 960.95 crore.

For the year, net profit grew 4.8% to Rs 403.65 crore and total sales soared 18.9% to Rs 3,872.66 crore.

NMDC Limited gained 2.4% to Rs 119.40 after net profit in the fourth quarter tumbled 10.8% to Rs 1,464.95 crore and sales climbed 23.5% to Rs 3,204 crore.

For the year, net profit slumped 12.7% to Rs 6,342.37 crore and sales fell 5% to Rs 10,698.67 crore.

Oil & Natural Gas Corporation Limited slid 0.09% to Rs 333.70 after net profit in the quarter plunged 40% to Rs 3,388.71 crore and sales jumped 12.9% to Rs 21,829.86 crore.

For the year, net profit slipped 16.7% to Rs 20,925.70 crore and Sales advanced 8.6% to Rs 82,248.41 crore.

Tata Motors Limited jumped 4.3% to Rs 316.90 after the company reported net in the fourth quarter swung to a loss Rs 312.15 crore compared to net profit of Rs 565.26 crore. Sales climbed 10% to Rs 56,002 crore.

For the year, net profit plunged 75.7% to Rs 301.81 crore and sales tumbled 17.8% to Rs 44,373.04 crore.

Sale for the period including exports plunged 31% to 197,056 units. Jaguar Land Rover sales climbed 19% to 116,340 units in the quarter.

For the quarter, profit at Jaguar Land Rover fell 46% to $378 million.

Torrent Power Limited dropped 2.6% to Rs 130.65 after consolidated net profit in the fourth quarter plunged 94.3% to Rs 22.24 crore and net sales rose 1.8% to Rs 1,874.56 crore.

For the year, consolidated net profit tumbled 69.1% to Rs 386.70 crore and net sales grew 3.4% to Rs 8,221.01 crore.