Stocks in news: Tata Motors, ICICI Bank, Ranbaxy, Cipla

Results today: OBC, Tech Mahindra, Bank Of Baroda, JP Associates, Aban Offshore, Areva T&D, Aztecsoft, Bartronics India, Bosch, Cambridge Solutions, Castrol India, CCL Products, eClerx Services, Eveready Ind, Geometric, Indian Bank, KPIT Cummins, Lanco Industries, Mindtree, Noida Toll Bridge, Shiv-Vani Oil, Shree Renuka Sugars, United Breweries, United Spirits, Wabco-TVS, TVS Electronics

Sources on Tata Motors: Exclusive:
-Tata Motors looking to raise rs 2,000 crore via NCDs
-Likely to issue 5-7 year NCDs; issue to open in 2 months: Sources
-Fund raising aimed for refinance activity for JLR (Jaguar and Land Rover): Sources

CV makers in focus:
-Finance Ministry extends benefit of enhanced depreciation on commercial vehicles till September 30
-Depreciation @ 50% extended beyond April to September for trucks bought this year and put to use before October 1

Pyramid Saimira- Exclusive: Sources Say
-43 of 230 entities in SEBI order on Pyramid Saimira are gems & jewellery companies
-63 of 230 entities in SEBI order on PSTL are export & import related companies
-230 entities have links with Kotecha

Cipla - Exclusive
-Cipla wins Erlotinib case against Roche in Delhi HC
-Roche's appeal dismissed with rs 5 lakh penalty
-Alert: Cipla claimed Roche's patent for Erlotinib Branded Tarceva was invalid

ICICI Bank Q4 (cr - crore, vs - versus)
-Net Profit down 35.29% from Rs 1149.8 cr to Rs 744 cr ((Estimates: Rs 841.03 cr))
-NII down 2.89% from Rs 2079.46 cr to Rs 2139 cr ((Estimates: Rs 1987.76 cr))
-NIM at 2.6%; Non-interest income down 29.13 % to Rs 1,674 crore
-Treasury income of Rs 214 cr vs Rs 164 cr ; fee income declined by 30.34%
-Provisions up 14.46% from Rs 1007.7 cr to Rs 1084.54 cr
-Other Income down 29.31% from Rs 2361.65 cr to Rs 1673.67 cr

Ranbaxy Q1CY09 YoY
-Net sales up 9% at Rs 1558 cr vs Rs 1613.7 cr ((Estimates Rs 1766 Cr))
-Net Loss of Rs 760 cr vs net profit of Rs 136.80 cr ((higher than any brokerage estimate, which ranged between loss of Rs 9 crore to Rs 230 crore))
-Forex loss of Rs 918 cr due to forex derivative option position of $1.4 billion

Ranbaxy Guidance for CY09
-Sales of Rs 7000 crore in sales ((lower than CY08 sales of Rs 7241 cr))
-Net loss of Rs 800 crore
-Guidance takes into account loss of Q1; rest of the quarters will be breakeven quarters
-Dollar – Rupees rate is estimated at 50.50 for Guidance

Cipla Q4 standalone (YoY)
-Net Sales at Rs 1235.2 Cr Vs Rs 1,122.1 Cr
-Net Profit at Rs 252.9 Cr Vs Rs 179.5 Cr
-Other Operating Income of Rs 131 Cr, includes tech, licensing income
-Outstanding forex contracts down to $123 million

Wockhardt Q1 CY09 consolidated YoY
-Net sales up 11% at Rs 869.4 cr vs Rs 785.7 cr
-OPM 18% vs 22%
-Net loss at Rs 20.2 crore vs profit Rs 50.9 cr
-Premium on FCCB at Rs 14 cr
-Interest costs at Rs 113 cr doubled from last year
-Wockhardt board approves transfer of animal healthcare business to subsidiary

United Phosphorus FY09 YoY
-Revenues up 32% to Rs 4931.6 cr vs Rs 3730.58 cr
-OPM at 19.2% vs 18.9%
-PAT up 80% to Rs 465.13 cr vs Rs 258.89 cr
-APAT up 73% to Rs 485.08 cr vs Rs 281.07 cr

Balrampur Chini Q2
-Net Profit At Rs 66.2 Cr Vs Rs 65.65 Cr
-Net Sales At Rs 355 Cr Vs Rs 308.03 Cr

Infotech Ent Q3 Consolidated (QoQ)
Net Sales: Rs 235 cr vs Rs 232.7 cr
Operating Profit: Rs 50.9 cr vs Rs 45 cr
Net Profit: Rs 18.5 cr vs Rs 14.5 cr

Strides Arcolab Q4 Consolidated
Net Sales: Rs 284.2 cr vs Rs 207 cr
Operating Profit: Rs 42.4 cr vs Rs 13.3 cr
Net Profit: Rs 10.5 cr vs Rs 52.5 cr
Other Income: Nil vs Rs 71.2 cr

Andhra Sugar Q4
Net Sales: Rs 145.6 cr vs Rs 108 cr
Operating Profit: Rs 37.6 cr vs Rs 27.7 cr
Other Loss of Rs 6.3 cr vs Other Income: Rs 4.6 cr
Net Profit: Rs 9.45 cr vs Rs 12.3 cr

Pantaloon Q3
Net Sales: Rs 1642 cr vs Rs 1354.4 cr
Operating Profit: Rs 173 cr vs Rs 114.1 cr
Interest Costs: Rs 84.7 cr vs Rs 42.9 cr
Net Profit: Rs 34.4 cr vs Rs 32.1 cr

3i Infotech Q4 (QoQ)
Net Sales: Rs 606.7 cr vs Rs 608.8 cr
Operating Profit: Rs 119 cr vs Rs 110 cr
Net Profit: Rs 90.5 cr vs Rs 64.5 cr
3i Infotech okays merger of 4 arms with itself

Piramal Life Q4 (QoQ) (Piramal R&D Arm)
Net Sales: Rs 56 lakh vs Rs 1.6 cr
Net Loss of Rs 37.4 cr vs Rs 25.9 cr

Granules India Q3 Consolidated
Net Sales: Rs 96.6 cr vs Rs 98.1 cr
Net Profit: Rs 20 lakh vs Rs 50 lakh

Micro Inks Q1
Net Sales: Rs 297.8 cr vs Rs 321.9 cr
Net Profit: Rs 19 cr vs Rs 29.5 cr

Techno Electric and Engg Q4
Net Sales: Rs 117.1 cr vs Rs 148 cr
Net Profit: Rs 19.5 cr vs Rs 20.6 cr

Other stocks and sectors in the news:
Satyam update: BSE, NSE, & Federal Cartel Office of Germany approve acquisition of stake by Venturbay Consultants ((subsidiary of Tech Mahindra))
GMR Promoters may take over Liverpool: Reports ((management denies any such plans))
Jet seeks new terms for $2 billion loan amid mounting losses – BS
Akruti promoters pledge another 7% equity on March 26
IndiaBulls Real Estate board approves raising up to $600 million via QIP
IDBI Bank board approves foray into mutual fund business
Escorts board meet on April 29 to mull merger of wholly owned subsidiary Escorts Agri Machinery with itself
Ballarpur Industries board approves buyback of convertible bonds worth $60 million
Era Infra buys back FCCBs worth $12 million
Gremach Infrastructure board meet on May 2 to consider issue of shares/convertible warrants/NCDs
Nivedita Mercantile open offer at Rs 64/sh ((CMP Rs 2.10))
Still in NSE F&O curb: Alok Industries, Unitech

Indian ADRs: Tata Motors up 5%, ICICI Bk up 3%, Infosys up 1%, Satyam down 2%, Tata Comm down 5%