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

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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

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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

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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

IVRCL Infrastructure & Projects Expects Rs 6500 crore sales in FY10

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Key takeaways of the conference call Revenue break-up for FY09 sales is – Share of water projects to sales is about Rs 2500 crore; that of Building is Rs 1000 crore; Power is Rs 600 crore and Transportation is Rs 600 crore. Order book as end of March 31, 2009 was at 14500 crore and … Read more IVRCL Infrastructure & Projects Expects Rs 6500 crore sales in FY10

Nagarjuna Construcitons Expects sales turnover of Rs 4800 crore on standalone

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Key takeaways of the call Order book as end of March 31, 2009 is Rs 12197 crore. Of which the share of orders of Building is 21%, roads 8%, water and environment 20%, electrical contracts 5%, irrigation 5% , mining 3%, international orders 21%. The balance comprises of orders from power, metals, oil & gas … Read more Nagarjuna Construcitons Expects sales turnover of Rs 4800 crore on standalone