PVR Company plans to add 42 additional screens during the current fiscal

Highlights of the call The company during the quarter ended March 2009 reported just 5% growth in net operating revenues at Rs 58.01 crore. After providing for tax credit during the quarter, the net loss was Rs 1.11 crore as compared to a net profit of Rs 2.70 crore during the corresponding quarter of the … Read more PVR Company plans to add 42 additional screens during the current fiscal

Cinemax India Currently working 50-60% of normal operations

Highlights of the call At the end of March 2009, the Company has operates 74 screens at 25 locations with capacity of about 20305 seats. The Company added two locations: Hyderabad and Kalyan adding 5 screens and 480 seats in Q4FY09. The footfalls for the quarter were 85.14 lakh up from 65.57 lakh in the … Read more Cinemax India Currently working 50-60% of normal operations

Sun Pharmaceuticals Expects revenue growth of 13-15% on consolidated basis

Highlights of the call Net sales for the quarter ended March’09 on consolidated basis declined by 10% to Rs 1134.41 crore and Net profit declined by 45% to Rs 394.88 crore. For the year ended March’09, net sales posted moderate growth of 27% to Rs 4272.30 crore and net profit rose by 22% to Rs … Read more Sun Pharmaceuticals Expects revenue growth of 13-15% on consolidated basis

RCOM seeking shareholder approval for QIP

RCOM is seeking shareholders’ approval to raise funds through equity/equity-linked instruments which could result in potential equity dilution of up to 25%. As per the company, the funds would enable it to strengthen its balance sheet and equip it to participate in the upcoming 3G/Wi-Max auctions. 3G/Wi-Max auctions have been announced as one of the … Read more RCOM seeking shareholder approval for QIP

India’s April Trade Data Doesn’t Change Rupee View against USD

India’s April 2009 exports fell 33.2% yoy, while imports fell 36.3% (non-oil imports fell 24.6%, compared to a 58.4% fall in oil imports): India’s trade data for April released today continues to validate our forecasts that India’s imports would fall faster than exports in the 1H of calendar 2009 narrowing the trade deficit. We hold … Read more India’s April Trade Data Doesn’t Change Rupee View against USD