KIFS Result update of Reliance Ind-Akzo Nobel-Godrej-Jet Air-Sterlite-Kirloskar

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KIFS Result update of:

RELIANCE INDUSTRIES

OVERVIEW

The flagship company of Mukesh Ambani Group, Reliance Industries Limited (RIL), a Fortune Global 500 company is the largest private sector company in India. Reliance enjoys global leadership in its businesses, being the largest polyester yarn and fiber producer in the world and among the top five to ten producers in the world in major petrochemical products. The company buys heavy grades of crude oil, which are cheaper than lighter varieties and turns them into high quality products including gasoline and diesel at its refineries on India’s West coast.

Key highlights:

· Total income grew by 39% Y-o-Y to Rs. 81018 cr  v/s Rs. 58228 cr in June-10

· Operating Profit grew by 9% Y-o-Y to Rs. 11004 cr. v/s Rs. 10064 cr. in    Jun-10

· OPM fell by 335 bps   Y-o-Y to 13.15 % v/s 16.5 % in June-10

· Net profit grew by 17% Y-o-Y to Rs. 5661 cr.  v/s Rs. 4851 cr. in June-10

· NPM fell by 119 bps       Y-o-Y to 6.76 % v/s 7.95 % in June-10

AKZO NOBEL INDIA

OVERVIEW

Akzo Nobal India is engaged in manufacturing and marketing of paints, speciality chemicals and adhesives. The Company sells its products under the ‘Dulux’ brand name. With an employee strength of about 900, the Company has manufacturing sites at Mohali, Punjab, Hyderabad, Andhra Pradesh & Thane and distribution network spread across the country. It has global brands like Alco Chemical, International, Elotex, Butanox etc.

Key highlights:

· Total income grew by 20% Y-o-Y to Rs. 341 cr  v/s Rs. 285 cr in June-10

· Operating Profit grew by 41% Y-o-Y to Rs. 91 cr v/s Rs. 65 cr In Jun-10

· OPM grew by 343 bps   Y-o-Y to 24.3 % v/s 20.88 % in June-10

· Net profit grew by 55% Y-o-Y to Rs. 68 cr.  v/s Rs. 44 cr. in June-10

· NPM grew by 400 bps   Y-o-Y to 18.2 %  v/s 14.2 % in June-10

GODREJ CONSUMER

OVERVIEW

Godrej Consumer Products (GCPL) is a flagship company of Godrej Group. The Company is major player in FMCG market.. It has three manufacturing units located at Malanpur (M.P) Guwahati (Assam) and Baddi (H.P).It has an employee strength of 950 people. It received CGR2+ rating for Corporate Governance and SVG2+ for Stakeholder Value Creation given by ICRA. GCPL has Joint Venture with SCA Hygiene by which It has created brands Snuggy, Libero etc.

Key highlights:

· Total income grew by 20% Y-o-Y to Rs. 636 cr  v/s Rs. 529 cr in June-10

· Operating Profit grew by 22% Y-o-Y to Rs. 129 cr. v/s Rs. 106 cr. in    Jun-10

· OPM grew by 13 bps   Y-o-Y to 19.62 % v/s 19.49 % in June-10

· Net profit grew by 97% Y-o-Y to Rs. 220 cr.  v/s Rs. 112 cr. in June-10

· NPM grew by 1286 bps       Y-o-Y to 33.38 % v/s 20.52 % in June-10

JET AIRWAYS

OVERVIEW

Jet Airways, an airline based in India, serves domestic as well as international routes for passenger and cargo transportation. It operates in two segments namely Air transportation and Aircraft leasing. The company has a subsidiary, Jet Lite (India) Ltd, which operates a fleet of 25 aircrafts. Jet Airways operates flights to 20 international destinations, offering a better choice in the skies. The company’s primary hub and maintenance base is at Mumbai, whereas Delhi, Kolkata, Chennai, Pune, Bengaluru and Brussels are its secondary hubs.

Key highlights:

· Total income grew by 15% Y-o-Y to Rs. 3405 cr  v/s Rs. 2965 cr in Jun-10

· Operating Profit fell by 65% Y-o-Y to Rs. 162 cr. v/s Rs. 460 cr. in Jun-10

· OPM fell by 1225 bps   Y-o-Y to 4.76 % v/s 17.01 % in June-10

· Net profit turn in to loss of Rs. 123 cr.  v/s profit of  Rs. 4 cr. in June-10

· NPM fell by 374 bps   Y-o-Y to –3.62 %  v/s 0.12 % in June-10

STERLITE INDUSTRIES

OVERVIEW

Sterlite Industries (India) Limited is India’s largest diversified metals and mining company. The company produces aluminium, copper, zinc, lead, silver, and commercial energy and has operations in India, Australia, Namibia, South Africa and Ireland. The construction of the captive power plant of 160 MW at Tuticorin is in progress and the first unit is now scheduled for commissioning in Q4 of the financial year 2011-12. The 100 kt per annum lead smelter at Rajpura Dariba is expected to be completed by Q2 of the financial year 2011-12.

Key highlights:

· Total income  grew by 65% Y-o-Y to Rs. 9861 cr. v/s Rs. 5970 cr in June-10

· Operating Profit grew by 63% Y-o-Y to Rs. 3572 cr.  v/s Rs. 2189 cr in June-10

· OPM fell by 43 bps Y-o-Y to 36.2%  v/s 36.7% in June-10

· Net profit grew by 63% Y-o-Y to Rs. 2388 cr.  v/s Rs. 1462 cr in June-10

· NPM fell by 28 bps Y-o-Y to 24.2%  v/s 24.5% in June-10

KIRLOSKAR PNEUMATIC

OVERVIEW

Kirloskar Pneumatic Company established in 1958 is India’s leading name in Compressed Air, Air-conditioning & Refrigeration and Hydraulic Power Transmission. The company is now a part of Kirloskar group. The manufacturing units of the company are located in Pune, Saswad and Kondhapuri in the state of Maharashtra and Faridabad in the state of Haryana.  The Company continues to design and develop various new models of reciprocating compressors for air and gas applications. With the successful productionisation of the 1MW gearbox the Company continues to be one the leaders in the wind power segment in India.

Key highlights:

· Total income  grew by 145% Y-o-Y to Rs. 212 cr. v/s Rs. 87 cr in June-10

· Operating Profit grew by 571% Y-o-Y to Rs. 41 cr.  v/s Rs. 6 cr in June-10

· OPM grew by 1153 bps Y-o-Y to 18.2%  v/s 6.7% in June-10

· Net profit grew by 1026% Y-o-Y to Rs. 26 cr.  v/s Rs. 2 cr in June-10

· NPM grew by 898 bps Y-o-Y to 11.5%  v/s 2.5% in June-10

Thanks and Regards,

KIFS Research