Enterprise Wireline Tariffs to Come Down – Reliance Communication

In an analyst call, the management of Reliance Communications have said that Wireline / Landline Tariffs are under pressure as Wireless Tariffs have fallen significantly and the company si facing pressure especially from the Enterprise Segment.

Other highlights of the call are – Although RCOM’s RPM declined 4.6% in Q310, its EBITDA margin was down 156 bp; management mentioned this was due to continued investments in network and higher

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Godrej Consumer Products – Lower market share in winter

Godrej Consumer Products indicated that its lack of glycerine soap does not allow it to enjoy stronger market share in winter. Hence, it lost a 40-bp market-share qoq. Its recently launched moisturising soap is expected to drive growth in winter.

Though palm oil prices continue to trend upwards (and are now up 51% yoy), GCP pointed out that the forward cover would allow it to improve margins, and will not compel it to hike prices. It indicated it has
such cover till Apr 10.

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Jindal Steel and Power Plans to list JPL in the next one year time horizon

Jindal Steel and Power (JSPL) held a conference call to disucss quarterly and yearly results and future growth plans. Sushil Maroo, Director (JSPL) and Managing Director (JPL) addressed the conference call Highlights of the call The Debt on the books of JSPL stands at Rs 4900 crore, while the debt on the books of JPL … Read more Jindal Steel and Power Plans to list JPL in the next one year time horizon

Tata Chemicals Capital expenditure plan for FY 2010 is Rs 250 crore

Highlights- The consolidated top-line of the company for the full year ended March 2009 more than doubled to Rs 12,257.66 crore mainly backed by the record growth in sale of urea during the year under review. During the year the company incurred a notional forex loss of Rs 92.31 crore on account of notional exchange … Read more Tata Chemicals Capital expenditure plan for FY 2010 is Rs 250 crore

Edelweiss Capital Opening retail broking arm in next 3 months

Edelweiss Capital For the fourth quarter ended Mar’09, reported 55% decline in consolidated Income from operations to Rs 180.08 crore. Income from all sources reported decline on y-o-y basis. Gross profit declined by 51% to Rs 73.68 crore despite 95% increase in other income and 57% fall in total expenses. 74% rise in deprecation further … Read more Edelweiss Capital Opening retail broking arm in next 3 months