Gujarat Industries slips on lower FY 2009 net profit

News Flash

MAY JOIN RACE FOR SHELL'S EUROPEAN REFINERIES: SOURCES
SENSEX, NIFTY UP 1% EACH FOR THE WEEK
CNX MIDCAP INDEX UP 1%, BSE SMALLCAP INDEX UP 1.6%
METAL INDEX UP 3.7%, AUTO INDEX UP 2.3%, FMCG UP 1.5%
INDEX GAINERS: SUZLON UP 9.3%, TATA STEEL UP 6.3%, SAIL UP 5.3%
RIL SPOKESPERSON TO NDTV: 'REVIEWS CANNOT ASSURE TRANSACTIONS'
RIL SPOKESPERSON: 'WE ARE REVIEWING A NUMBER OF GLOBAL OPPORTUNITIES'
ESSAR-SHELL IN EXCLUSIVE NEGOTIATIONS TILL NOV 30 TO BUY 3 SHELL REFINERIES
APPROACHED SHELL FOR BUYOUTS BEFORE ESSAR'S EXCLUSIVE TALKS BEGUN
JSW ENERGY ALSO IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
CESC, SREI INFRA IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)
PROFIT UP 55% AT RS.143.50 CR; NET SALES UP 22.5% AT RS.2234.20 (YOY)
IMPORTING SUGAR BEING REVIEWED; NEED FOR ECONOMIC PRICING OF SUGAR
IN DISCUSSIONS WITH FARMERS TO COME AT PRICE COMFORTABLE FOR BOTH SIDES
TOO EARLY TO TALK OF DENA BANK MERGER WITH ANOTHER PSU BANK: NW
KEEPS OVERNIGHT LENDING RATE UNCHANGED AT 0.1%
STILL SEE DOWNSIDE RISK FOR THE ECONOMY
AIM TO CONVERT NON USERS TO USERS WITH THE HELP OF ROAMING TARIFF CUTS
PREFER TO REMAIN AGGRESSIVE WITHOUT GETTING INTO A PRICE WAR
MURTAZA KHORAKIWALA TO NDTV: CANNOT COMMENT ON SUB JUDICE MATTER
WOCKHARDT TO PAY BACK ALL SECURED, UNSECURED LOANS IN 5 YRS AS PER CDR
DBS TOP BRASS MET HABIL KHORAKIWALA TO DISCUSS WAYS OF SETTLEMENT: SRCS
EYEING TO SETTLE PAYMENT DEFAULT CASE OUT OF COURT: SOURCES
ALERT: ROAMING CONTRIBUTES 15% OF BHARTI REVENUES
ROAMING CALLS ON OTHER NETWORKS AT 80 PAISE/MINUTE
ROAMING CALLS ON OWN NETWORK AT 60 PAISE/MIN
SWAP TO REDUCE OVERALL FINANCE CHARGES FOR THE COMPANY: CFO
COMPLETES SWAP OF $875MN FOREX CONVERTIBLE BONDS

Updated: 23/06/2009 | 12:00 AM IST

Power

Capital Market

Tuesday, June 23, 2009 (New Delhi)

Blog

Comments:

Read (0)

Post

Rate the story

Meanwhile, the BSE Sensex was down 236.56 points, or 1.65%, 14,089.66.

On BSE, 1.19 lakh shares were traded in the counter. The stock had an average daily volume of 1.45 lakh shares in the past one quarter.

The stock hit a high of Rs 82 and a low of Rs 79 so far during the day. The stock hit a 52-week high of Rs 93.75 on 3 June 2009 and a 52-week low of Rs 37.10 on 27 October 2008.

The mid-cap stock had underperformed the market over the past one month till 22 June 2009, falling 3.73% as compared to the Sensex's return of 3.16%. It had outperformed the market in the past one quarter, surging 93.23% as compared to the Sensex's return of 59.77%.

The company's current equity is Rs 151.25 crore. Face value per share is Rs 10.

The current price of Rs 80.40 discounts the company's Q4 March 2009 annualized EPS of Rs 7.76, by a PE multiple of 10.36.

Gujarat Industries Power Company's net sales rose 23.5% to Rs 1154.99 crore in the year ended March 2009 over the year ended March 2008. The company's net profit jumped 362.8% to Rs 29.34 crore on 1% fall in net sales to Rs 282.31 crore in Q4 March 2009 over Q4 March 2008. The company announced the results after trading hours on Monday, 2 June 2009.

At the time of announcing results, the board of directors of the company recommended a dividend at the rate of Rs 2.20 per share (22%).

The company is engaged in generating, transmitting and distributing electric power in India.