Skip to main content

Sensex Companies - Result Card

Its time to take a look at Corporate India's performance in Q1FY09. Profit GROWTH for the Sensex companies came out at 11.7%, the lowest since 2002. SENSEX. Ebitda margins declined marginally by 51bps to 20.6% and Ebitda grew by 26.3%, excluding financials. Growth was mainly concentrated in four sectors - Media (29%, supported by exceptionals), Telecoms (27%), Capital Goods (+25%) and Real Estate (+25%).

The 1QFY09 results clearly indicate the pressure on margins and challenges in execution. Going forward, corporate India will face the headwinds of slowing demand environment. Stock to bottoms-up stock selection.

Autos: 1QFY09 EBITDA margins declined across the board due to rising raw material cost pressures.

Banks / Finance: Axis bank was a surprise Positive while ICICI Bank is the Worst Hit for now.

Capital Goods: Strong order book growth and improvement in EBITDA margins for BHEL. L&T also registered robust growth in order book. ABB was a negative.

Media: Zee results were strong led by 37% YoY growth in ad revenues and 28% in subscription.

Oil & Gas: ONGC's results came below estimates, however, due to higher than expected exploration expenses; [Stay away from Oil Marketing companies]

Real Estate: Topline growth was weaker than expected for most companies as impact of slowdown led to reduction in new projects launched; Margins were down across the board.

Telecom: Bharti's operating performance was 4% ahead of estimates led by lower than expected ARPU decline of 2%QoQ and higher than expected 5%QoQ increase in MoU. RCom was a negative Surprise and faced downgrade.


Popular posts from this blog

Your Bill Amounts Are Going To Increase From June 1, 2016

Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. It is categorized under Indirect Tax and came into existence under the Finance Act, 1994. Union Finance Minister, Arun Jaitley, in his budget announcements proposed to impose a cess, called the Krishi Kalyan Cess, @ 0.5% on all taxable services. The present rate of service tax will be hiked to 15 per cent from June 1, 2016, from 14.5 per cent. Take a look at what gets expensive:

Phone Bills: Your phone bills are going to go up. So, pay a good 15 per cent now on service tax on phone bills.

Restaurant Bills :If you are dining in a restaurant that already has service tax applicable, you are going to pay more on your eating out. Though 0.5 per cent on a single bill may not mean much, frequent diners may end-up paying a lot during the year.

Travelling: You will have to pay more for air travel, as there is a service tax on tour operators and travel agents.

What is Gold ETF - Gold Bees, Reliance Gold,Kotak Gold

What is Gold Bees or Gold ETF?

Gold ETFs are open-ended mutual fund schemes that will invest the money collected from investors in standard gold bullion (0.995 purity). The investors' holding will be denoted in units, which will be listed on a stock exchange.They provide returns that would closely track the returns from physical gold in the spot market.

An investor can buy and redeem the units either directly from the mutual fund or from the stock exchange.Presently there are many Gold ETFs traded in NSE India. Some of the listed Gold ETFs are GoldBees,Reliance Gold,Kotak Gold,UTI Goldshare

Why choose Gold?
Gold holds its own in any investment evaluation on its strengths as a hedge against inflation, value in the event of political uncertainties and its traditionally negative co-relation with other asset classes such as stocks, fixed income securities and commodities.

The value of goods and services that gold can buy has remained stable unlike currencies that have seen significant…


NIFTY BEES - is the first ETF (Exchange Traded Fund) in India, which seeks to provide investment returns that closely correspond to the total returns of securities as represented by the S&P CNX Nifty Index. It gives you the most diversified exposure at lowest possible unit size. Approximately value of Nifty bees will be 1/10th value of the prevailing Nifty price.

ETFs are one of the latest financial innovations and any new concept takes time to be known widely. Globally it took more then five to seven years before it could be of any significant size. In India, it was introduced with Rs 21 crore in size , a fraction of the mutual fund industry, it has come far with more than Rs 700 crore in size with six ETFs.

The Nifty BeES also scores over other index funds due to its low tracking error and expense ratio, apart from easier tradeability as it is listed in the NSE. One can also consider doing an SIP in Nifty BeES.

Some of the reasons to invest in Nifty Bees : Investing in Exchange …