Mahindra and Mahindra, India’s top utility vehicles and tractor maker, on Thursday beat expectations with near-doubling in quarterly net profit.

Company’s Q4 net profits rose by about 89% as compared to last year Q4 net profits.

Mahindra, which aims to enter the US market with a pick-up truck and sport utility vehicle early next year, announced that its net profit rose to Rs 418 crore in the fiscal fourth quarter ended March from Rs 221 crore a year ago.

Net sales rose to Rs 3619 crore from Rs 3148 crore.

Indian largest state run power producer, NTPC (National thermal power corporation) announced its quarterly results of Jan-March 09 quarter. NTPC reported a increase of 58% in net profits. The company announced that its net profits were Rs 2113 crore as compared to  Rs 1339 crore, the same quarter previous year.

The net sales rose to Rs 11446 crore for the Jan- March 09 quarter as compared to Rs 10744 crore previous year.

Today Market opened hardly for 30-50 seconds and was halted due to double upper circuit.

FII and DII activity that was seen on Monday, May 18, 2009 is shown below. The report shows that FII were net buyer of Rs 44.64 crore where as DII saw selling of Rs 8.41 crore.

Allahabad Bank has announced its fourth quarterly Results. Its net profit rose by 55.29% to Rs 264 crore from Rs 170 crore, YoY.

The company’s net interest income (NII) increased to Rs 592.4 crore from Rs 442.6 crore and other income was up at Rs 468.3 crore versus Rs 260.1 crore.

Bhushan Steel disclosed its fourth quarterly results on Friday. The company announced that its net profit for the fourth quarter ended March 31, 2009, dipped by 21.14% to Rs 116.40 crore over the same period last year. The company had a net profit of Rs 147.61 crore in the same quarter ended March 2008.

Net sales of the company declined to Rs 1,119.95 crore for the fourth quarter, compared to Rs 1,216.41 crore in the same period last year.

FY09 Results

For the year ended March 31, 2009, the company has posted a FY09 net profit of Rs 412.79 crore as against Rs 423.73 crore last year, down 2.58%.

Real Estate major DLF has announced its Q4 results for FY09. The company’s consolidated net sales declined 74% at Rs 1,122.3 crore as compared to Rs 4,306.5 crore same quarter last year (YoY) while its consolidated net profit declined 93% to Rs 159 crore as against Rs 2,176.8 crore YoY.

FY09 Results

Its consolidated revenues declined 28% Rs 10541 crore for FY09 versus Rs 14684 crore in FY08.

Its consolidated net profit declined 41% at Rs 4629 crore for FY09 versus Rs 7812 crore in FY08.

Bharti Airtel, India’s top mobile operator declared its fourth quarterly results. The company reported a net profit of 21% as compared to a year ago.

Bharti Airtel reported that net profits for the quarter rose to 22.39 billion rupees ($446 million) under U.S. accounting standards from 18.52 billion a year ago.

SingTel, Southeast Asia’s top phone firm owns 31 percent in the company.

Bharti Airtel added 8.3 million mobile users last quarter to boost its total customer base to nearly 94 million. The company has a market share of about 24 percent.

Bank of Baroda (BOB) has disclosed its fourth quarterly results. The company’s Q4 standalone net interest income (NII) was up at Rs 1,470.79 crore versus Rs 1,028.50 crore, YoY.

Its standalone net profit was at Rs 752.69 crore versus Rs 276.44 crore, YoY.

Oriental Bank of Commerce (OBC) has announced its fourth quarter results. The company’s Q4 standalone NII was at Rs 460.30 crore versus Rs 437.02 crore, YoY. Its standalone net profit was at Rs 195.82 crore versus net loss of Rs 99.44 crore, YoY.

The company’s Q4 net profit before extraordinary was at Rs 196 crore versus 204.5 crore.

Indian Bank Q4 net profit was at Rs 394.1crore versus Rs 241.7 crore. Its net sales were at Rs 667.5 crore versus Rs 513.2 crore.

Bosch India has declared its first quarter numbers of FY09. Its Q1 net profit declined by 69.45% at Rs 49.4 crore versus Rs 161.7 crore (YoY).

The company’s net sales fell by 17.68% to Rs 992 crore from Rs 1,205 crore.

Aban Offshore has announced its fourth quarter results. The company’s Q4 consolidated net loss of Rs 93 crore versus profit of Rs 38 crore. Its consolidated net sales were up at Rs 774 crore versus Rs 661.8 crore.

Exide Industries has announced its fourth quarter numbers. Its Q4 net profit went up by 8% at Rs 68.2 crore versus Rs 63 crore.

Jaiprakash Associates has declared its fourth quarterly results of FY09. Its net profit went up by 83% at Rs 385 crore versus Rs 210 crore, YoY.

The company’s net sales increased 60.88% to Rs 2,085 crore from Rs 1,296 crore. Its operating margin improved to 28.9% versus 27.2%.

Interest cost increased to Rs 168 crore from Rs 97.3 crore and other income came in at Rs 42.9 crore.

Today: As we said earlier that till Indian Stock market holds 11200, market will move up n we may see a level of 11500 in the days to come but we may see profit booking in the market before moving up so we are a bit cautious in this market.

Note: Stocks to trade for intraday, short-term delivery, long term delivery, short selling and Futures and when to exit those stocks would be sent to paid subscribers live during the market hours through SMS.

BSE Sensex: (11239) The support for the Sensex is 11200 and the resistance to the up move is at 11500

NSE Nifty: (3481) The support for the Nifty is at 3450 and the resistance to the up move is at 3550.

Result to be declared today:

Aban, Areva, BOB, Indian bank, Castrol, JP Associates, Oriental Bank, Tech Mah., United Spirit, Renuka Sugar, BOSCH

Profits/Loss for the last trading session (For Paid Subscribers)

On Friday, Short term delivery on Hindalco was executed successfully in the morning. The script was bought for short term delivery at 55 on Wednesday and sold at 58-58.50 on Friday.  This gave a profit of 5% on the investments.

ICICI Bank has declared its fourth quarter results for FY09. It’s Q4 net profit declined by 35.29% at Rs 744 crore versus Rs 1,149.8 crore in the same period of last year. Its bottom-line was below the expectations of Rs 841.03 crore.

The company’s total income plunged by 11.43% at Rs 9,203 crore versus Rs 10,391 crore, YoY. Its net interest income went up by 2.89% to Rs 2,139 crore from Rs 2,079.46 crore. Provisions went up by 14.47% at Rs 1,084 crore as against Rs 947 crore in the same quarter of last year.

Diluted earning per share (EPS) slipped to Rs 6.68/sh versus Rs 10.27/sh, YoY and net interest margin (NIM) came in at 2.6%. The bank restructured loans worth Rs 1,000 crore in the quarter ended March 2009.

Its non-interest income was down by 29.13 % to Rs 1,674 crore. Treasury income came in at Rs 214 crore in Q4 versus Rs 976 crore in Q3 and fee income declined by 30.34%.

For FY09

The company’s net interest income (NII) increased by 14.55% at Rs 8,367 crore from Rs 7,304 crore.

Its current and saving accounts (CASA) increased at 28.7% versus 26.1% and capital adequacy ratio (CAR) stood at 15.5%.

Operating expenses declined by 14.26% at Rs 6,835 crore from Rs 7,972 and net non-performing assets (NPA) went up at 1.95% as against 1.5%.

Hindustan Construction Company reported that its profits were nearly twice as of same quarter last year. HCC reported a jump in net profit at Rs 51.36 crore for the fourth quarter ended March 2009.

The construction firm had a net profit of Rs 26.41 crore in the March quarter of FY’08, HCC said in a filing to the Bombay Stock Exchange.

“Despite a difficult economic year, HCC has registered overall healthy growth across business segments … Looking ahead, we are confident of keeping a healthy pace of growth on the basis of a strong order book …,” HCC Chairman and Managing Director Ajit Gulabchand said.

Total income dipped 2.04 per cent at Rs 1,049.86 crore in the March quarter, from Rs 1,071.74 crore in the corresponding quarter last fiscal.

The board has declared an 80 per cent dividend at the rate of 80 paise a share, on face value of Re one.

FY09 Results

For the financial year ended March 2009, HCC reported a net profit of Rs 125.35 crore, up 15.24 per cent over the year-ago period. It had a net profit of Rs 108.77 crore in FY’08.

Total income from operations rose to Rs 3,518.32 crore in FY’09, from Rs 3,104.34 crore in the year-ago period.

During the fiscal, the company got orders of Rs 16,000 crore, the filing said.

IDBI Bank has decalred its fourth quarter results on Friday, April 24, 2009. The company’s Q4 net profit was up at Rs 314 crore versus Rs 245 crore.

Its consolidated net profit was up at Rs 766.54 crore versus Rs 746.59 crore, YoY