conference call

Highlights of the conference call are Brandhouse Retail is the master franchisee for leading domestic brands including Reid & Taylor, Belmonte, Carmichael House and Stephens Brothers and exclusive India franchisee for International luxury brands like Alfred Dunhill. BHRL has been involving in the setting up and managing of over 670 EBO’s (Exclusive Brand Outlets) for … Read more Brandhouse Retail to roll out 15 new stores as a part of JV with Oviesse

Management discussed the Avantha Power acquisition with analysts, presenting data points on its power projects that suggest valuation is reasonable. However, we are disappointed with the use of CG’s cash flows to fund a non-core promoter-owned business, as well as absence of early disclosure of the transaction. Poor Corporate Governance: In the past, management had … Read more Crompton Greaves – Avantha Power acquisition concerns

ABB management held its annual analyst meet yesterday. Nothing incrementally positive or negative from our earlier view could be concluded out of the discussion. Orders were down 37% in 4Q08 as: 1) ABB exited the rural electrification projects business, creating a base effect (company did forego a Rs1.5bn order); and 2) awarding of some projects … Read more ABB India CY08 analyst meet takeaways

Highlights of call Sterlite has announced that it has signed a new agreement with ASARCO LLC (Asarco), a Tucson based mining, smelting and refining company, for purchase of substantially all the operating assets of Asarco. The Company is acquiring the operating assets of the Company net of any liabilities so they would be free from … Read more Sterlite Industries Management Take on Asarco acquisition

Highlights of the call The management is seeing cut in discretionary spend. There is more impact of this on Applications segment and lesser on ITO and BPO segment. The effective tax rate for the Company is 3.2% up 40bps over sequential quarter. The lower tax rate is due to higher capitalization. Going forward, the tax … Read more Mphasis – No salary cuts yet

Apr- Dec FY’09 Production / Deliveries During the nine months under review Incase of Tata Steel India the total production was 3.75 Million tones which was 4.5% higher when compared with corresponding period last year while the total deliveries was 3.45 million tonnes which was 1.4% lower when compared with corresponding period last year. During … Read more Tata Steel Group – Consolidated quarterly and nine months ended results