Factbox: How corporate numbers on Indian WhatsApp groups compared with actual results

Mahindra Holidays and Resorts India

16/11/2017 06:00

Nov 16 (Reuters) - Reuters has documented at least 12 cases 
of prescient messages about major Indian companies being posted 
in private WhatsApp groups.  L4N1KT200  
    Below are examples of the numbers being circulated with an 
explanation of local market abbreviations and terms.  
    The Securities and Exchange Board of India (SEBI) did not 
respond to requests for comment. WhatsApp responded to a request 
for comment by pointing to its terms of services, which state 
users can use the platform only for "legal, authorized, and 
acceptable purposes".  
     
    DR. REDDY'S  REDY.NS :  
    POSTED MESSAGE (July, 24, 2017) 
    "Fwd HOS: Dr reddy to report loss of more than 50cr vs exp 
of 280 to 300cr pat. No one offs"  
    (Forwarded Heard on the Street: Dr. Reddy's to report a loss 
of over 500 million rupees ($7.7 million) vs expectations of an 
after tax profit of 2.8 to 3 billion rupees. No one off items.) 
     
    COMPARISON WITH OFFICIAL RESULTS: 
    On a consolidated basis under Indian accounting standards, 
Dr. Reddy's posted a loss of 587 million rupees. The message had 
forecast a loss of more than 500 million rupees. 
     
    HDFC BANK  HDBK.NS : 
    POSTED MESSAGE (July, 21, 2017) 
    "Hearing Hdfc Bank PAT @ 3900 crs & 1.25 GNPA vs 1.04"  
    (Profit after tax will be 39 billion rupees and gross 
non-performing asset ratio will be at 1.25 percent vs 1.04 
percent.) 
    "Consensus estimate is 3950 crs. Our estimate is 3973 crs so 
3900 is not a good number. Numbers on Monday."  
    (Consensus estimate 39.5 billion rupees, our estimate 39.73 
billion rupees.) 
     
    COMPARISON WITH OFFICIAL RESULTS: 
    HDFC Bank posted a profit after tax of 38.94 billion rupees. 
Its GNPA was 1.24 percent. The message had predicted a profit of 
39 billion and a GNPA of 1.25 percent. 
         
    AXIS BANK  AXBK.NS : 
    POSTED MESSAGE (July, 25, 2017) 
    "Gnpa 5.03; Nnpa 2.30; Nim 3.63; Slippages 8000 cr - only 35 
percent from wishlist; Write off 2300 cr; Casa 48.33; This HOS 
is going around for Axis"  
    (Gross non-performing assets (GNPA) 5.03 percent; net 
non-performing assets (NNPA) 2.30 percent; net interest margins 
3.63 percent; slippages will be mostly from outside the 
watch-list; Write offs of 23 billion rupees; Current and savings 
account (CASA) deposits at 48.33 percent) 
 
    COMPARISON WITH OFFICIAL RESULTS: 
    GNPA: 5.03 vs 5.03; NNPA: 2.30 vs 2.30; NIM: 3.63 vs 3.63; 
Slippages: 35.19 billion rupees vs 80 billion rupees (majority 
were from outside watch-list); Writeoff: 24.6 billion rupees vs 
23 billion rupees; CASA: 49 percent vs 48.33 percent. 
 
    TATA STEEL  TISC.NS : 
    POSTED MESSAGE (May 16, 2017) 
    "Hearing Tata steel Revenue - 33,900. (net excise), Ebitda 
7000, EBIT 5400, PBT 257, PAT -700. Exceptional item -4000."  
    (Revenue 339 billion rupees; Earnings before interest, 
taxes, depreciation and amortization (EBITDA) 70 billion rupees; 
earnings before interest and taxes (EBIT) 54 billion rupees; 
profit before tax (PBT) is 2.57 billion; profit after tax (PAT) 
loss of 7 billion; one-time items 40 billion rupees) 
     
    COMPARISON WITH OFFICIAL RESULTS: 
    Gross sales 348 billion vs 339 billion; EBITDA 69.82 billion 
vs 70 billion; EBIT 53.93 billion vs 54 billion; Exceptional 
items 40.69 billion vs 40 billion; PBT 2.59 billion vs 2.57 
billion; PAT loss of 7.17 billion vs loss of 7 billion. 
     
    MAHINDRA HOLIDAYS  MAHH.NS   
    POSTED MESSAGE (May, 19, 2017) 
    "Mahindra holidays will declare a bonus today" 
     
    COMPARISON WITH OFFICIAL ANNOUNCEMENT: 
    1 for 2 bonus share issue announced after hours. 
 
 (Compiled by Euan Rocha and Rafael Nam) 
 ((euan.rocha@tr.com; +91 22 6180 7257; Reuters Messaging: 
euan.rocha.reuters.com@reuters.net)) 
 
Keywords: INDIA WHATSAPP/