<a href="http://www.ifminvest.in/wp-content/uploads/2015/12/UTI-ET-NOW-EVENT.png"><img class="alignleft size-full wp-image-1186" src="http://www.ifminvest.in/wp-content/uploads/2015/12/UTI-ET-NOW-EVENT.png" alt="UTI -ET NOW EVENT" width="2064" height="1353" /></a>Iqbal Singh, Managing Director of IFM along with other panellist featured in today's The Economic Times for investor education initiative- SWATANTRA powered by ET Now and UTI.
The UTI Mutual Fund'sT Swatantra on ET Now, after a short break of a few weeks, moved to Chandigarh in the third week of November. In this city in norther India, a panel of experts that included Iqbal Singh of Innovative Financial Management, Deepak Kumar Bhardwaj of The Capital Investment Advisory Services, Shobhit Gupta of <br /><a class="btn btn-tislider-two" href="http://www.ifminvest.in/always-keep-30-of-the-corpus-in-stocks/">Read More</a>
Company has posted not good results. On the consolidated basis, for the current quarter ended September 30, 2015 company has reported 41.1% decline & 14.7% rise in net profit and 46% decline & 11.5% rise (ex. Exceptional items) in Profit after tax as compared to for the same quarter in the previous year ended September 30, 2014 and for previous quarter ended June 30, 2015. Net Revenues of the company has decreased by 14.7% on Y-O-y basis and increased marginally by 4.3% on Q-o-Q basis.
Company had incurred exceptional losses of 685 cr. in previous quarter ended June 30, 2015. Exceptional expenses are not ordinary expenses and occur rarely and have no impact in future earnings. So we have filtered those effects. Latest Key Indicators of the stock are as follows:<br /><a class="btn btn-tislider-two" href="http://www.ifminvest.in/sun-pharma-ltd-has-declared-the-results-of-q2-fy16/">Read More</a>
Company has posted better returns than what was expected. On the consolidated basis, the company has reported 104.4 % & 8% rise in net profit and 157.6% & 4.4% rise in Profit after tax for the quarter ended September 30, 2015 as compared to for the same quarter in the previous year (Q2 FY15) and for the last quarter (Q1 FY16). Net Revenues (consolidated) of the company has increased by 14.1% and marginally decreased by 2.3% for quarter under review as compared to the quarter ended September, 2014 and June, 2015 respectively. These extraordinary results were also due to drastic drop in exceptional expenses.
Exceptional expenses are not ordinary expenses and occur rarely and have no impact in future earnings. So we have filtered those effects. Excluding exceptional expenses, Net profit and Profit after tax grew by 63.5% on Y-o-Y basis, which are much better than both industry and its own past performance.
Latest Key Indicators of the stock are as follows:<br /><a class="btn btn-tislider-two" href="http://www.ifminvest.in/motherson-sumi-systems-ltd-has-declared-the-results-of-q2-fy16/">Read More</a>
On the consolidated basis, Amara Raja Batteries Ltd. has reported 22.20% rise in its net profit after taxes on Y-o-Y basis and minute rise of 0.39% in net profit on Q-o-Q basis. Total income of the company has increased by 9.25% & 1.16% at Rs 1158.29 crore for quarter under review as compared to the quarter ended September 30, 2014 and quarter ended June 2015.
After years, reported top line growth remained below two digit numbers. Commenting on the Q2 performance, Mr. S V Raghavendra, Chief Financial Officer, said, “During the quarter, prices of major raw materials have been lower but the gains were partly offset by sharp depreciation of rupee against dollar. The reduced prices were passed on to the customers as per the contractual obligations resulting in marginal reduction in top line. However, the realization per unit for certain products and services have been better on account of cost improvements and better value proposition to various customers. The operating cash flow generation remained strong driven by improved profitability. The Company continues to have healthy liquidity position. The major projects of <br /><a class="btn btn-tislider-two" href="http://www.ifminvest.in/amara-raja-batteries-ltd-has-declared-the-results-of-q2-fy16/">Read More</a>
We have witnessed some volatility in markets during March 2015 it may remain so for some period due to many reasons. Explanation of these reasons is as below. Indian markets have performed very well for more than one year. NIFTY touched its highest level of 9119 in March 2015, which is a rise of 78% […]
In India, most of investors are conservative & thus invest their liquid money into fixed deposits. In fact there is great need to provide awareness about alternate products which provide better returns and are also very safe & very less risky. Debt oriented fund is a great alternative to FDRs right now. It is a […]
MINUTES OF MEETING Venue Board room, Chandigarh office Date November 25, 2014 Subject Debt Market Outlook 2014-15, Reliance Regular Savings Fund –Debt Plan – Growth option Time 1730 Hrs Details Discussion with Mr. Prashant Pimple (Chief Investment Officer, Reliance Mutual Fund – Debt) Duration 45 mins Participants: Internal Iqbal Singh, Anuj Singla, Pankaj Sharma, Jagjit […]
Up gradation of Indian railways to international level was motto of Railway Minister DV Sadananda Gowda who presented his maiden budget on Tuesday. Gowda chose to show the impressive road map ahead. It was prepared keeping in mind of Modi’s thought of process of high quality infrastructure for the betterment of economy as well as […]