India Movers: EIL, Lanco, Muthoot Finance, Moil, TCIL, Vardhman Textiles

Mukesh Buch
26 May, 2014
New York City

Dhanlaxmi Bank net swung to loss. EIL net tumbled 43%. Lakshmi Machine profit surged 88%. Lanco Infratech net loss widened. Muthoot Finance plunged after net and revenue declined 18%. Moil net soared 36%. TCIL profit climbed 48%. Vardhman Textiles net jumped 34%.

[R]6:00 PM Mumbai – Dhanlaxmi Bank net swung to loss. EIL net tumbled 43%. Lakshmi Machine profit surged 88%. Lanco Infratech net loss widened. Muthoot Finance plunged after net and revenue declined 18%. Moil net soared 36%. TCIL profit climbed 48%. Vardhman Textiles net jumped 34%.[/R]

The Sensex Index rose 23.53 to close at 24,716.88 The CNX Nifty slid 8.05 to 7,359.05.

Gainers & Losers

Dhanlaxmi Bank Limited plunged 6.8% to Rs 43.80 after the bank reported net in the fourth-quarter swung to a loss Rs 134.26 crore compared to profit of Rs 28.66 crore and total revenues dropped 5.7% to Rs 348.02 crore.

Engineers India Limited declined 4.2% to Rs 285.45 after net profit in the fourth-quarter tumbled 42.7% to Rs 103.55 crore and revenue dropped 7.6% to Rs 571.61 crore.

Godawari Power and Ispat Limited soared 8.3% to Rs 161.45 after net profit in the fourth-quarter declined 46.4% to Rs 30.66 crore and sales plunged 12.7% to Rs 421.41 crore.

Lakshmi Machine Works Limited climbed 3.6% to Rs 3,500.15 after net profit in the fourth-quarter surged 88.4% to Rs 53.70 crore and sales jumped 27.5% to Rs 679.34 crore.

Lanco Infratech Ltd tumbled 10% to Rs 13.45 after net loss in the fourth-quarter widened to Rs 584.29 crore from Rs 31.59 crore and net sales declined 24% to Rs 2,803.39 crore.

For the year, net loss widened to Rs 2,273.88 crore compared to Rs 1,073.30 crore and net sales plummeted 29.4% to Rs 10,641.82 crore.

Muthoot Finance Ltd plunged 6.1% to Rs 196.05 after net profit in the fourth-quarter declined 17.8% to Rs 180.94 crore and revenue dropped 18.4% to Rs 1,143.30 crore.

For the year, net profit tumbled 22.3% to Rs 780.07 crore and revenue declined 8.3% to Rs 4,893.41 crore.

Moil Ltd fell 0.9% to Rs 319.15 after net profit in the fourth-quarter surged 35.7% to Rs 149.35 crore and net sales jumped 9.4% to Rs 292.01 crore.

Transport Corporation of India Limited climbed 6.1% to Rs 155.25 after net profit in the fourth-quarter soared 48.02% to Rs 20.53 crore and net sales rose 0.7% to Rs 535.38 crore.

Vardhman Textiles Ltd jumped 4.8% to Rs 361.50 after net profit in the fourth-quarter climbed 33.9% to Rs 154.32 crore and net sales soared 13.8% to Rs 1,282.22 crore.

For the year, net profit surged 101.4% to Rs 651.88 crore and net sales increased 24.3% to Rs 5,171.31 crore.

VA Tech Wabag Ltd surged 8.6% to Rs 1,059 after net profit in the fourth-quarter gained 18% to Rs 71 crore and total revenues jumped 33% to Rs 897 crore.