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Prithvi Information Solutions
confcall opinion
Posted by :
GuestTracked by: 0 Boarder
Between April thru March, Rupee value against USD was 42.93 and so Prithvi booked the loss since they have done the hedging around 40. In the current quarter, if the rupee depreciates further over 42.93, then Prithvi will book loss further otherwise few amount may be written back based on the value of rupee in the current quarter....
In reply to:
confcall opinion
Posted by : Guest
can anybody tell what is the net opinion on prithvi mgts conference call feedback.Does it seem to make profit or more fe and mtm losses possible. 
It will move very drastically.
Posted by : GuestTracked by: 0 Boarder
Hi Friends this stock will move very drastically if market moves upwards, it move upto Rs.350/- within this month....
Long way to cover
Posted by :
brijesh gadaTracked by: 0 Boarder
prithvi info has a long long way to cover to its highs of 400 plus mark...?
why has it become so slow?
any reply
brij...
buy buy buy
Posted by :
newoneTracked by: 0 Boarder
Hello Guest,
The net profit (excluding MTM loss, Forex gain & Forward Contracts loss) is Rs. 43 Crores. Pl be accurate in your info as otherwise it mite mislead others who read the info....
In reply to:
buy buy buy
Posted by : Guest
prithvi info has shown a topline growth
of 60% which is higher when compared to its peers and this mtm loss may not
occur everytime so considering it the actual profit is 70 cr this qtr which 100 rs eps annulsed
if i am wrong plz correct my view
buy buy buy
Posted by : GuestTracked by: 0 Boarder
prithvi info has shown a topline growth
of 60% which is higher when compared to its peers and this mtm loss may not
occur everytime so considering it the actual profit is 70 cr this qtr which 100 rs eps annulsed
if i am wrong plz correct my view
...
Tracked by: 0 Boarder
Whether mtm or some thing else, loss is loss. But we have to appreciate the Company for their prompt information. ...
confcall opinion
Posted by : GuestTracked by: 0 Boarder
can anybody tell what is the net opinion on prithvi mgts conference call feedback.Does it seem to make profit or more fe and mtm losses possible....
Tracked by: 0 Boarder
What is the opinion on the results and the earnings call ?
Net profit excl MTM & Forex gain is Rs. 44 Crores, which is 11.2 % of the revenue. Consistent with their past performance. And BSNL revenue has not kicked in yet (India rev is less than 1%), so there is no pass thro revenue in this Rs. 385 Crores, which is good....
loss is because of fccb\\\\`s and hedging
Posted by : mantri_rajeevTracked by: 0 Boarder
loss is because they issued fccb\\\\`s in 2006 and they have some hedging also in this quater.but things will improve here on and buy this stock on every decline or rise as any rise in this stock will be treated as buying opportunity also and from next quater you will see the difference. their sales are too good ....
June Qtr results
Posted by : tushar42Tracked by: 0 Boarder
It is possible..but not with 60 million...my maths says they must have hedged 250 million dollars... this quarter 64 crore and last quarter 31 cr..ie. 95 cr...dollar has appreciated by 10 %..so 10% loss is 95...with that the position should be 950 cr.....
...
In reply to:
June Qtr results
Posted by : ashish620
Hi,
Results for last quarters are available now. They have shown losses of 6.9 crores. This was again because of MTM losses of 69 crore. They are showing losses of 5.33 crore BEFORE TAX and then paying tax of 1.66 crore. Why are they paying tax on loss? And secondly, V Satish said that they have hedged 60 mn USD. That is equal to 240 crore INR. So on @$) crore position ,they lost 60 crore, almost 25%. How can this be possible??
June Qtr results
Posted by : ashish620Tracked by: 0 Boarder
Hi Tushar82,
Are u going to attend the earnings call this time too?
Can I have ur email id etc?
Thanks
Ashish...
In reply to:
June Qtr results
Posted by : ashish620
Hi,
Results for last quarters are available now. They have shown losses of 6.9 crores. This was again because of MTM losses of 69 crore. They are showing losses of 5.33 crore BEFORE TAX and then paying tax of 1.66 crore. Why are they paying tax on loss? And secondly, V Satish said that they have hedged 60 mn USD. That is equal to 240 crore INR. So on @$) crore position ,they lost 60 crore, almost 25%. How can this be possible??
diluted eps
Posted by : lemonadeTracked by: 0 Boarder
is there no diluted eps in case of a loss. becoz prithvi in q1 has shown basic and diluted eps as the same. Has it retired any instruments of dilutive nature?
pls somebody clarify this....
June Qtr results
Posted by : ashish620Tracked by: 0 Boarder
Hi,
Results for last quarters are available now. They have shown losses of 6.9 crores. This was again because of MTM losses of 69 crore. They are showing losses of 5.33 crore BEFORE TAX and then paying tax of 1.66 crore. Why are they paying tax on loss? And secondly, V Satish said that they have hedged 60 mn USD. That is equal to 240 crore INR. So on @$) crore position ,they lost 60 crore, almost 25%. How can this be possible??
...
NSE Announcements on Prithvi Info
Posted by : MMB MessengerTracked by: 0 Boarder
Prithvi Information Solutions Limited has informed the Exchange vide notes to Accounts in the Unaudited Financial Results for the quarter ended June 30, 2008 (taken on record by the Board of Directors of the Company at its meeting held on July 31, 2008) that: "The utilisation of IPO proceeds as at 30th June, 2008 is as follows: (a) spent towards IPO expenses - Rs.10 crores, (b) Working Capital induction - Rs.33 crores and (c) spent on offshore Development Centre- Rs.68 Crores. Balance is being utilised in due course"....
MTM Losses
Posted by : ashish620Tracked by: 0 Boarder
Somebody please explain to me the puzzle of MTM losses of Prithvi.
As per the ICAI guideline, every company has to include MTM losses on derivatives in its P&L account.
As per my understanding, if I have to get revenues in USD and my functional currency is INR, I would like to sell USD in forwards/futures and buy INR.
Suppose my revenues for next 3 months of a quarter are per month. Available exchange rates for next 3 months are = 42 INR, 43 INR and 44 INR.
So my revenue in INR is fixed at 42 + 43 + 44= 129.
Suppose my expenses are in INR and that are fixed at 40/- per month.
So total expenses are 40*3 = 120.
So if I hedge my position in USD, my profits will be 129-120= 9 INR for the quarter.
Enter the latest guideline by ICAI and suppose dollar’s value for next 3 months gets fixed at 47, 48, 52 respectively.
So in my first contract I lost, 47-42= 5/-,
In my second contract, I lost 48-43= 5/-
And in third I lost 52-44 = 8/-
Total MTM loss = 5+5+8 = 18/-
If I include these MTM losses in my P&L accounts, I would have to show my profits as 9-18 = -9/- or loss of 9/- instead of profit of 9/- as in the earlier case.
So this is the case of virtual loss. I took position in derivatives to fix my revenues in INR, my revenues and expenses were same but I had to book virtual or notional loss. It is same as the money left on table for a company going for IPO. If company offers shares at 400/- per share and gets listed at 450/, its notional loss would be 50/-.
Moreover, if my understanding is correct, earlier I had to pay taxes on 9/- and now I have to pay less tax as I am showing losses. So if a company shows MTM losses currently is getting tax benefits.
Is my understanding correct? If not, please explain it to me.
...
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