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SUBROS LTD: Keeping it Cool

SUBROS | BSE CODE: 517168 | VOLUME: 59530 | CMP: Rs 69.65 | FACE VALUE: Rs 2

Subros is a leading manufacturer of thermal products for automotive applications. It is the only integrated manufacturer for auto air-conditioning units and makes compressors, condensers, heat exchangers and all connecting elements required to complete the AC loop. Subros’ net profit rose 2.21 times to Rs 3.86 crore from Rs 1.75 crore in the same quarter last year. Its net sales for the quarter rose marginally by 1.25 per cent to Rs 281 crore compared with Rs 278 crore for the prior year period. For 9M FY15 its operating profit grew by 13.5 per cent to Rs 97.9 crore with margins expanding by 78 bps to 11 per cent. The net profit grew by 66 per cent to Rs 12.9 crore in 9M FY15, aided by healthy growth in other income. Subros is trading at a TTM PE ratio of 16.4x with an EPS of Rs 4.24.

TV18 BROADCAST LTD: That’s Entertainment!

TV18BRDCST | BSE CODE: 532800 | VOLUME: 1,03,52,181 | CMP: Rs 39.70 | FACE VALUE: Rs 2

TV18 Broadcast, a Reliance Industries’ group company, has posted over two-fold rise in its net profit at Rs 95.47 crore for the quarter ended March 31, 2015 as compared to Rs 35.91 crore for the corresponding quarter in FY14 at a consolidated level. The total income of the company has risen by 15.1 per cent at Rs 658.5 crore for the quarter under review as compared to Rs 572.3 crore for the same quarter ended previous year. As per a KPMG report, the Indian media and entertainment industry is projected to grow at close to 13 per cent in 2015 over the previous year with television growing at a robust 14.5 per cent, print at 8 per cent, and digital at 44 per cent, thus taking forward the growth of these sectors in 2014.