CapitalStars Investment Adviser:SEBI Registration Number: INA000001647: TOP CORPORATE NEWS-21 JULY 2016

Ashok Leyland Q1FY17: Operating performance ahead of estimates

Ashok Leyland Q1FY17 results: Operating performance ahead of estimates; forex gains further boosts profitability

Ashok Leyland revenues grew 10% yoy to Rs4, 259 cr during Q1FY2017. Volumes grew 11% yoy while the realization per vehicle remained flat on yoy basis

Operating margins improved 110 bps yoy to 11.2% coming ahead of our estimates of 10.1%. Price hikes coupled with a better product mix led to lower raw material costs leading to margin improvement for the company.

EBIDTA at Rs476 cr came in ahead of our estimates of Rs424 cr.

Piramal Enterprises plans to raise Rs150 crore via NCD's

Piramal Enterprises Ltd has said that at the Meeting of Administrative Committee held on July 18, 2016, the Committee approved the allotment of 1,500 Secured Redeemable NCD’s, having the Face Value of Rs10,00,000/- (RsTen Lakh only) each, aggregating to Rs150 crore under Tranche IV of the Shell' Disclosure Document.

Kotak Mah Bk Q1: Standalone Net Profit at Rs742 Cr Vs Rs190 Cr (YoY)

Kotak Mahindra Bank Q1: Standalone Net Profit at Rs.742 Cr Vs Rs.190 Cr (YoY)

Gross NPA At 2.5% Vs 2.36% (QoQ)

Standalone Net NPA At 1.21% Vs 1.06% (QoQ)

Standalone Net NPA +16.2% at Rs.1, 467 Cr Vs Rs.1, 262 Cr (QoQ)

Standalone Provisions at Rs.179.5 Cr Vs Rs.200.4 Cr (QoQ); Rs.305.3 Cr (YoY)

Standalone Net Interest Margin At 4.37% Vs 4.35% (QoQ)

Standalone NII +20.1% at Rs.1, 919 Cr Vs Rs.1, 598 Cr (YoY)

Standalone Gross NPA +7.8% at Rs.3, 059 Cr Vs Rs.2, 838 Cr (QoQ)

Standalone Net Interest Margin At 4.37% Vs 4.35% (QoQ)

Cons Net Profit at Rs.1, 067 Cr Vs Rs.516.6 Cr (YoY).

Neyveli Lignite surges on CCEA nod to thermal project in UP

Shares of Neyveli Lignite Corporation jumped over 9% on the Bombay Stock Exchange after media reported that the Cabinet Committee on Economic Affairs (CCEA) has approved the company's 1,980 mw thermal power project, costing Rs17,238 crore, in UP.

HDFC Bank Q1FY17 first cut: Business performance remains healthy

HDFC Bank – Q1FY17 results first cut: Business performance remains healthy; asset quality shows marginal blip

Net Profit +20% at Rs.3, 239 Cr Vs Rs.2, 696 Cr (YoY)

Gross NPA At 1.04% Vs 0.94% (QoQ)

Gross NPA +12% at Rs.4, 921 Cr Vs Rs.4, 393 Cr (QoQ)

Net NPA At 0.32% Vs 0.28% (QoQ)

Net NPA +13.1% at Rs.1, 493.4 Cr Vs Rs.1, 320.4 Cr (QoQ)

Provisions +30.8% at Rs.867 Cr Vs Rs.662.4 Cr (QoQ)

NII at Rs.7, 781 Cr Vs Rs.6, 389 Cr (YoY)

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