KIFS Result Update of Zee-Polaris-Biocon

Please Share:: India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��

ZEE ENTERTAINMENT

OVERVIEW

Zee Entertainment (Zeel) is one of India’s premier C&S channel operator with Hindi language and regional language programming. The company is focusing on Pay revenues as a substantial income driver over and above the advertisement revenues. Zeel has an integrated range of businesses, encompassing the content-to-consumer value chain of media and entertainment business. Zeel is a pioneer in India, in every aspect of content aggregation and distribution through satellite, cable and Internet. Going ahead, with rapid digitization, the subscription revenues of Zeel is likely to continue on the fast track.

Key highlights:

· Total income grew by 17% Y-o-Y to Rs.532 cr. v/s Rs. 453 cr in June-10 

· Operating Profit fell by 46% Y-o-Y to Rs. 115 cr.  v/s Rs. 213 cr in June-10 

· Net profit fell by 57% Y-o-Y to Rs. 73 cr.  v/s Rs. 168 cr in June-10 

· Depreciation Cost increased sharply by 133% Y-o-Y to Rs 7 cr. v/s Rs 3 cr.

BIOCON

OVERVIEW

Biocon is the India’s largest biotechnology company, by revenue, having well diversified corporate structure. The   Biocon group’s corporate structure comprise of Biocon Ltd (the holding company) and six subsidiary companies. In the biological segment it produces Insulin, Erythropoietin (EPO), Filgrastim (GCSF), Streptokinase & Monoclonal Antibodies. The company delivers products and solution in approsimately 75 countries across the globe. Biocon is the first company to launc Pichia based recombinant human insulin.

Key highlights:

· Total income  grew by 5% Y-o-Y to Rs. 348 cr. v/s Rs. 332 cr in June-10

· Operating Profit fell by 9% Y-o-Y to Rs. 95 cr.  v/s Rs. 104 cr in June-10

· OPM fell by 402 bps Y-o-Y to 27.30%  v/s 31.32% in June-10

· Net profit fell by 16% Y-o-Y to Rs. 60 cr.  v/s Rs. 72 cr in June-10

· NPM fell by 440 bps Y-o-Y to 17.36%  v/s 21.76% in June-10

POLARIS SOFTWARE

OVERVIEW

The company has built its expertise on Investment Banking, Retail Banking, Credit Cards, Corporate Banking, Insurance etc. Global Tier 1 banks as well as Tier 2 and Tier 3 banks continue to explore smart technology solutions to enhance their growth - particularly their new country expansion and this will increases the opportunities for the company provide to the right solutions to the banks. The steep increase in the visa fees as passed by the United States House of Representatives throws a risk of increased operational cost and the overall rising costs in India do pose a global challenge for Indian IT companies with other locations emerging competitive. The company is associated with Citi Group, UBS, Lloyd TSB, SEB, Shinsei Bank and Deutsche Leasing.

Key highlights:

· Total income  grew by 25% Y-o-Y to Rs. 398 cr. v/s Rs. 319 cr in June-10

· Operating Profit grew by 20% Y-o-Y to Rs. 64 cr.  v/s Rs. 53 cr in June-10

· OPM fell by 60 bps Y-o-Y to 16%  v/s 16.6% in June-10

· Net profit remains unchanged at Rs. 41 cr. v/s Rs. 41 cr in June-10

· NPM fell by 252 bps Y-o-Y to 10.2%  v/s 12.75% in June-10