DALMIA BHARAT: CO PLANS TO INVEST RS 9,000 CRORE IN THE NEXT THREE YEARS ON CAPACITY ENHANCEMENT THROUGH BROWNFIELD AND GREENFIELD PROJECTS, RAISING THE CEMENT MAKER’S CAPACITY BY ABOUT 60% TO NEARLY 50 MILLION TONNES A YEAR - ET PRIME
*Colgate-Palmolive (India) Ltd.* | *CMP* Rs. 1763 | *M Cap* Rs. 47951 Cr | *52 W H/L* 1795/1322
(Nirmal Bang Retail Research)
*Result is broadly in-line with expectations*
Revenue from Operations came at Rs. 1166 Cr (-9.1% QoQ, 12% YoY) vs expectation of Rs. 1195.2 Cr, QoQ Rs. 1283.2 Cr, YoY Rs. 1040.6 Cr
EBIDTA came at Rs. 355.2 Cr (-15.8% QoQ, 15.3% YoY) vs expectation of Rs. 363.5 Cr, QoQ Rs. 421.8 Cr, YoY Rs. 308 Cr
EBITDA Margin came at 30.5% vs expectation of 30.4%, QoQ 32.9%, YoY 29.6%
Adj. PAT came at Rs. 233.2 Cr vs expectation of Rs. 239.4 Cr, QoQ Rs. 314.7 Cr, YoY Rs. 198.2 Cr
Quarter EPS is Rs. 8.6
Share is trading at P/E of 44.6x FY22E EPS
(Nirmal Bang Retail Research)
*Result is broadly in-line with expectations*
Revenue from Operations came at Rs. 1166 Cr (-9.1% QoQ, 12% YoY) vs expectation of Rs. 1195.2 Cr, QoQ Rs. 1283.2 Cr, YoY Rs. 1040.6 Cr
EBIDTA came at Rs. 355.2 Cr (-15.8% QoQ, 15.3% YoY) vs expectation of Rs. 363.5 Cr, QoQ Rs. 421.8 Cr, YoY Rs. 308 Cr
EBITDA Margin came at 30.5% vs expectation of 30.4%, QoQ 32.9%, YoY 29.6%
Adj. PAT came at Rs. 233.2 Cr vs expectation of Rs. 239.4 Cr, QoQ Rs. 314.7 Cr, YoY Rs. 198.2 Cr
Quarter EPS is Rs. 8.6
Share is trading at P/E of 44.6x FY22E EPS
FEDERAL BANK: WORLD BANKS INVESTMENT ARM IFC PICKS UP AROUND 5% STAKE IN FEDERAL BANK FOR $126 MN : MONEY CONTROL
*Vardhman Textiles Ltd.* | *CMP* Rs. 2008 | *M Cap* Rs. 11572 Cr | *52 W H/L* 2008/622
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 1926.9 Cr (-1% QoQ, 135.7% YoY) vs QoQ Rs. 1947.1 Cr, YoY Rs. 817.5 Cr
EBIDTA came at Rs. 478.8 Cr (21.5% QoQ, -27937.2% YoY) vs QoQ Rs. 394.2 Cr, YoY Rs. -1.7 Cr
EBITDA Margin came at 24.8% vs QoQ 20.2%, YoY -0.2%
Adj. PAT came at Rs. 314.7 Cr vs QoQ Rs. 243.5 Cr, YoY Rs. -64.3 Cr
Quarter EPS is Rs. 54.6
Share is trading at P/E of 14.8x FY22E EPS
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 1926.9 Cr (-1% QoQ, 135.7% YoY) vs QoQ Rs. 1947.1 Cr, YoY Rs. 817.5 Cr
EBIDTA came at Rs. 478.8 Cr (21.5% QoQ, -27937.2% YoY) vs QoQ Rs. 394.2 Cr, YoY Rs. -1.7 Cr
EBITDA Margin came at 24.8% vs QoQ 20.2%, YoY -0.2%
Adj. PAT came at Rs. 314.7 Cr vs QoQ Rs. 243.5 Cr, YoY Rs. -64.3 Cr
Quarter EPS is Rs. 54.6
Share is trading at P/E of 14.8x FY22E EPS
*Eris Lifesciences Ltd.* | *CMP* Rs. 769 | *M Cap* Rs. 10442 Cr | *52 W H/L* 793/400
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Revenue from Operations came at Rs. 349.3 Cr (25.5% QoQ, 19.1% YoY) vs expectation of Rs. 342.1 Cr, QoQ Rs. 278.2 Cr, YoY Rs. 293.2 Cr
EBIDTA came at Rs. 126.5 Cr (33.9% QoQ, 21.6% YoY) vs expectation of Rs. 122.7 Cr, QoQ Rs. 94.5 Cr, YoY Rs. 104.1 Cr
EBITDA Margin came at 36.2% vs expectation of 35.9%, QoQ 34%, YoY 35.5%
Adj. PAT came at Rs. 106.7 Cr vs expectation of Rs. 106.4 Cr, QoQ Rs. 68.2 Cr, YoY Rs. 89 Cr
Quarter EPS is Rs. 7.9
Share is trading at P/E of 25.9x FY22E EPS
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Revenue from Operations came at Rs. 349.3 Cr (25.5% QoQ, 19.1% YoY) vs expectation of Rs. 342.1 Cr, QoQ Rs. 278.2 Cr, YoY Rs. 293.2 Cr
EBIDTA came at Rs. 126.5 Cr (33.9% QoQ, 21.6% YoY) vs expectation of Rs. 122.7 Cr, QoQ Rs. 94.5 Cr, YoY Rs. 104.1 Cr
EBITDA Margin came at 36.2% vs expectation of 35.9%, QoQ 34%, YoY 35.5%
Adj. PAT came at Rs. 106.7 Cr vs expectation of Rs. 106.4 Cr, QoQ Rs. 68.2 Cr, YoY Rs. 89 Cr
Quarter EPS is Rs. 7.9
Share is trading at P/E of 25.9x FY22E EPS
*GHCL Ltd.* | *CMP* Rs. 376 | *M Cap* Rs. 3572 Cr | *52 W H/L* 376/135
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 854.1 Cr (3.4% QoQ, 88.9% YoY) vs QoQ Rs. 826.3 Cr, YoY Rs. 452.1 Cr
EBIDTA came at Rs. 185.6 Cr (-4.8% QoQ, 143.9% YoY) vs QoQ Rs. 194.9 Cr, YoY Rs. 76.1 Cr
EBITDA Margin came at 21.7% vs QoQ 23.6%, YoY 16.8%
Adj. PAT came at Rs. 102.6 Cr vs QoQ Rs. 111.1 Cr, YoY Rs. 13 Cr
Quarter EPS is Rs. 10.8
Share is trading at P/E of 7.9x FY22E EPS
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 854.1 Cr (3.4% QoQ, 88.9% YoY) vs QoQ Rs. 826.3 Cr, YoY Rs. 452.1 Cr
EBIDTA came at Rs. 185.6 Cr (-4.8% QoQ, 143.9% YoY) vs QoQ Rs. 194.9 Cr, YoY Rs. 76.1 Cr
EBITDA Margin came at 21.7% vs QoQ 23.6%, YoY 16.8%
Adj. PAT came at Rs. 102.6 Cr vs QoQ Rs. 111.1 Cr, YoY Rs. 13 Cr
Quarter EPS is Rs. 10.8
Share is trading at P/E of 7.9x FY22E EPS
China Raise Export Tariff on Ferro Chrome to 40% positive for IMFA
The Great Eastern Shipping Company Ltd.* | *CMP* Rs. 337 | *M Cap* Rs. 4953 Cr | *52 W H/L* 477/209
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 769.2 Cr (4% QoQ, -28% YoY) vs QoQ Rs. 740 Cr, YoY Rs. 1068.4 Cr
EBIDTA came at Rs. 259.4 Cr (11.3% QoQ, -57.6% YoY) vs QoQ Rs. 233.1 Cr, YoY Rs. 612.2 Cr
EBITDA Margin came at 33.7% vs QoQ 31.5%, YoY 57.3%
Adj. PAT came at Rs. 12.4 Cr vs QoQ Rs. 49 Cr, YoY Rs. 467.7 Cr
Quarter EPS is Rs. 0.8
Share is trading at P/E of 8.8x FY22E EPS
The Great Eastern Shipping Company Ltd.* | *CMP* Rs. 337 | *M Cap* Rs. 4953 Cr | *52 W H/L* 477/209
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 769.2 Cr (4% QoQ, -28% YoY) vs QoQ Rs. 740 Cr, YoY Rs. 1068.4 Cr
EBIDTA came at Rs. 259.4 Cr (11.3% QoQ, -57.6% YoY) vs QoQ Rs. 233.1 Cr, YoY Rs. 612.2 Cr
EBITDA Margin came at 33.7% vs QoQ 31.5%, YoY 57.3%
Adj. PAT came at Rs. 12.4 Cr vs QoQ Rs. 49 Cr, YoY Rs. 467.7 Cr
Quarter EPS is Rs. 0.8
Share is trading at P/E of 8.8x FY22E EPS
*Orient Electric Ltd.* | *CMP* Rs. 315 | *M Cap* Rs. 6684 Cr | *52 W H/L* 355/172
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Revenue from Operations came at Rs. 422.3 Cr (-47.3% QoQ, 136.2% YoY) vs expectation of Rs. 389.5 Cr, QoQ Rs. 801.7 Cr, YoY Rs. 178.8 Cr
EBIDTA came at Rs. 22.3 Cr (-76.9% QoQ, -216% YoY) vs expectation of Rs. 21.3 Cr, QoQ Rs. 96.8 Cr, YoY Rs. -19.3 Cr
EBITDA Margin came at 5.3% vs expectation of 5.5%, QoQ 12.1%, YoY -10.8%
Adj. PAT came at Rs. 5 Cr vs expectation of Rs. 5.3 Cr, QoQ Rs. 62.7 Cr, YoY Rs. -27.3 Cr
Quarter EPS is Rs. 0.2
Share is trading at P/E of 47.3x FY22E EPS
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Revenue from Operations came at Rs. 422.3 Cr (-47.3% QoQ, 136.2% YoY) vs expectation of Rs. 389.5 Cr, QoQ Rs. 801.7 Cr, YoY Rs. 178.8 Cr
EBIDTA came at Rs. 22.3 Cr (-76.9% QoQ, -216% YoY) vs expectation of Rs. 21.3 Cr, QoQ Rs. 96.8 Cr, YoY Rs. -19.3 Cr
EBITDA Margin came at 5.3% vs expectation of 5.5%, QoQ 12.1%, YoY -10.8%
Adj. PAT came at Rs. 5 Cr vs expectation of Rs. 5.3 Cr, QoQ Rs. 62.7 Cr, YoY Rs. -27.3 Cr
Quarter EPS is Rs. 0.2
Share is trading at P/E of 47.3x FY22E EPS
*Poly Medicure Ltd.* | *CMP* Rs. 1013 | *M Cap* Rs. 9713 Cr | *52 W H/L* 1165/365
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 211.9 Cr (-0.5% QoQ, 24.4% YoY) vs QoQ Rs. 213 Cr, YoY Rs. 170.4 Cr
EBIDTA came at Rs. 55.3 Cr (2.1% QoQ, 20.7% YoY) vs QoQ Rs. 54.2 Cr, YoY Rs. 45.9 Cr
EBITDA Margin came at 26.1% vs QoQ 25.4%, YoY 26.9%
Adj. PAT came at Rs. 37.6 Cr vs QoQ Rs. 38.8 Cr, YoY Rs. 26.7 Cr
Quarter EPS is Rs. 3.9
Share is trading at P/E of 66.2x TTM EPS
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 211.9 Cr (-0.5% QoQ, 24.4% YoY) vs QoQ Rs. 213 Cr, YoY Rs. 170.4 Cr
EBIDTA came at Rs. 55.3 Cr (2.1% QoQ, 20.7% YoY) vs QoQ Rs. 54.2 Cr, YoY Rs. 45.9 Cr
EBITDA Margin came at 26.1% vs QoQ 25.4%, YoY 26.9%
Adj. PAT came at Rs. 37.6 Cr vs QoQ Rs. 38.8 Cr, YoY Rs. 26.7 Cr
Quarter EPS is Rs. 3.9
Share is trading at P/E of 66.2x TTM EPS
*Garware Hi-Tech Films Ltd.* | *CMP* Rs. 1000 | *M Cap* Rs. 2351 Cr | *52 W H/L* 1015/203
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 305.6 Cr (6.2% QoQ, 80.4% YoY) vs QoQ Rs. 287.7 Cr, YoY Rs. 169.4 Cr
EBIDTA came at Rs. 59.1 Cr (13.9% QoQ, 103.4% YoY) vs QoQ Rs. 51.8 Cr, YoY Rs. 29 Cr
EBITDA Margin came at 19.3% vs QoQ 18%, YoY 17.1%
Adj. PAT came at Rs. 35.8 Cr vs QoQ Rs. 31.8 Cr, YoY Rs. 13.6 Cr
Quarter EPS is Rs. 15.2
Share is trading at P/E of 15.9x TTM EPS
(Nirmal Bang Retail Research)
*Result improved*
Revenue from Operations came at Rs. 305.6 Cr (6.2% QoQ, 80.4% YoY) vs QoQ Rs. 287.7 Cr, YoY Rs. 169.4 Cr
EBIDTA came at Rs. 59.1 Cr (13.9% QoQ, 103.4% YoY) vs QoQ Rs. 51.8 Cr, YoY Rs. 29 Cr
EBITDA Margin came at 19.3% vs QoQ 18%, YoY 17.1%
Adj. PAT came at Rs. 35.8 Cr vs QoQ Rs. 31.8 Cr, YoY Rs. 13.6 Cr
Quarter EPS is Rs. 15.2
Share is trading at P/E of 15.9x TTM EPS
*CCL Products (India) Ltd.* | *CMP* Rs. 438 | *M Cap* Rs. 5827 Cr | *52 W H/L* 438/220
(Nirmal Bang Retail Research)
*Result is broadly in-line with expectations*
Revenue from Operations came at Rs. 326.1 Cr (-1.6% QoQ, 12.8% YoY) vs expectation of Rs. 321.2 Cr, QoQ Rs. 331.6 Cr, YoY Rs. 289.2 Cr
EBIDTA came at Rs. 72 Cr (-15.5% QoQ, 14.5% YoY) vs expectation of Rs. 77.3 Cr, QoQ Rs. 85.2 Cr, YoY Rs. 62.9 Cr
EBITDA Margin came at 22.1% vs expectation of 24.1%, QoQ 25.7%, YoY 21.7%
Adj. PAT came at Rs. 43.8 Cr vs expectation of Rs. 49.9 Cr, QoQ Rs. 49.2 Cr, YoY Rs. 38.5 Cr
Quarter EPS is Rs. 3.3
Share is trading at P/E of 26x FY22E EPS
(Nirmal Bang Retail Research)
*Result is broadly in-line with expectations*
Revenue from Operations came at Rs. 326.1 Cr (-1.6% QoQ, 12.8% YoY) vs expectation of Rs. 321.2 Cr, QoQ Rs. 331.6 Cr, YoY Rs. 289.2 Cr
EBIDTA came at Rs. 72 Cr (-15.5% QoQ, 14.5% YoY) vs expectation of Rs. 77.3 Cr, QoQ Rs. 85.2 Cr, YoY Rs. 62.9 Cr
EBITDA Margin came at 22.1% vs expectation of 24.1%, QoQ 25.7%, YoY 21.7%
Adj. PAT came at Rs. 43.8 Cr vs expectation of Rs. 49.9 Cr, QoQ Rs. 49.2 Cr, YoY Rs. 38.5 Cr
Quarter EPS is Rs. 3.3
Share is trading at P/E of 26x FY22E EPS
BHARTI AIRTEL: CO LOSES NET 4.6M MOBILE USERS IN MAY
VODAFONE IDEA: CO LOSES NET 4.28M MOBILE CUSTOMERS IN MAY
RELIANCE: JIO ADDS NET 3.6M MOBILE CUSTOMERS IN MAY
VODAFONE IDEA: CO LOSES NET 4.28M MOBILE CUSTOMERS IN MAY
RELIANCE: JIO ADDS NET 3.6M MOBILE CUSTOMERS IN MAY
*LIC Housing Finance Ltd. -S* | *CMP* Rs. 419 | *M Cap* Rs. 21145 Cr | *52 W H/L* 542/255
(Nirmal Bang Retail Research)
*Result is below expectations*
Asset quality details are awaited
NII came at Rs. 1307.1 Cr vs expectation of Rs. 1496.6 Cr, YoY Rs. 1239.2 Cr, QoQ Rs. 1574.8 Cr
PBP came at Rs. 1023.3 Cr vs expectation of Rs. 1332.5 Cr, YoY Rs. 1076.3 Cr, QoQ Rs. 1329.2 Cr
Provision came at Rs. 830.4 Cr vs expectation of Rs. 532.4 Cr, YoY Rs. 58.7 Cr, QoQ Rs. 977.2 Cr
PAT came at Rs. 153.4 Cr vs expectation of Rs. 668.6 Cr, YoY Rs. 817.5 Cr, QoQ Rs. 398.9 Cr
Quarter EPS is Rs. 3
Share is trading at P/E of 8.7x FY23E EPS & 1x trailing P/BV
(Nirmal Bang Retail Research)
*Result is below expectations*
Asset quality details are awaited
NII came at Rs. 1307.1 Cr vs expectation of Rs. 1496.6 Cr, YoY Rs. 1239.2 Cr, QoQ Rs. 1574.8 Cr
PBP came at Rs. 1023.3 Cr vs expectation of Rs. 1332.5 Cr, YoY Rs. 1076.3 Cr, QoQ Rs. 1329.2 Cr
Provision came at Rs. 830.4 Cr vs expectation of Rs. 532.4 Cr, YoY Rs. 58.7 Cr, QoQ Rs. 977.2 Cr
PAT came at Rs. 153.4 Cr vs expectation of Rs. 668.6 Cr, YoY Rs. 817.5 Cr, QoQ Rs. 398.9 Cr
Quarter EPS is Rs. 3
Share is trading at P/E of 8.7x FY23E EPS & 1x trailing P/BV
*Dwarikesh Sugar Industries Ltd.* | *CMP* Rs. 79 | *M Cap* Rs. 1488 Cr | *52 W H/L* 84/23
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 392.2 Cr (-34.6% QoQ, -10.9% YoY) vs QoQ Rs. 600 Cr, YoY Rs. 440.4 Cr
EBIDTA came at Rs. 58.5 Cr (-29% QoQ, 16.7% YoY) vs QoQ Rs. 82.4 Cr, YoY Rs. 50.2 Cr
EBITDA Margin came at 14.9% vs QoQ 13.7%, YoY 11.4%
Adj. PAT came at Rs. 27.1 Cr vs QoQ Rs. 48.2 Cr, YoY Rs. 18.1 Cr
Quarter EPS is Rs. 1.4
Share is trading at P/E of 14.8x TTM EPS
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 392.2 Cr (-34.6% QoQ, -10.9% YoY) vs QoQ Rs. 600 Cr, YoY Rs. 440.4 Cr
EBIDTA came at Rs. 58.5 Cr (-29% QoQ, 16.7% YoY) vs QoQ Rs. 82.4 Cr, YoY Rs. 50.2 Cr
EBITDA Margin came at 14.9% vs QoQ 13.7%, YoY 11.4%
Adj. PAT came at Rs. 27.1 Cr vs QoQ Rs. 48.2 Cr, YoY Rs. 18.1 Cr
Quarter EPS is Rs. 1.4
Share is trading at P/E of 14.8x TTM EPS
*Privi Speciality Chemicals Ltd.* | *CMP* Rs. 1384 | *M Cap* Rs. 5406 Cr | *52 W H/L* 1430/446
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 332.3 Cr (-5.9% QoQ, 2.5% YoY) vs QoQ Rs. 353.1 Cr, YoY Rs. 324.3 Cr
EBIDTA came at Rs. 58.5 Cr (-19.4% QoQ, 14.4% YoY) vs QoQ Rs. 72.6 Cr, YoY Rs. 51.2 Cr
EBITDA Margin came at 17.6% vs QoQ 20.6%, YoY 15.8%
Adj. PAT came at Rs. 29.3 Cr vs QoQ Rs. 36.8 Cr, YoY Rs. 21 Cr
Quarter EPS is Rs. 7.5
Share is trading at P/E of 53.1x TTM EPS
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 332.3 Cr (-5.9% QoQ, 2.5% YoY) vs QoQ Rs. 353.1 Cr, YoY Rs. 324.3 Cr
EBIDTA came at Rs. 58.5 Cr (-19.4% QoQ, 14.4% YoY) vs QoQ Rs. 72.6 Cr, YoY Rs. 51.2 Cr
EBITDA Margin came at 17.6% vs QoQ 20.6%, YoY 15.8%
Adj. PAT came at Rs. 29.3 Cr vs QoQ Rs. 36.8 Cr, YoY Rs. 21 Cr
Quarter EPS is Rs. 7.5
Share is trading at P/E of 53.1x TTM EPS
*Welspun Corp Ltd.* | *CMP* Rs. 147 | *M Cap* Rs. 3842 Cr | *52 W H/L* 166/80
(Nirmal Bang Retail Research)
*Result Declining*
Revenue from Operations came at Rs. 1298.9 Cr (-28.6% QoQ, -37.2% YoY) vs QoQ Rs. 1819.3 Cr, YoY Rs. 2069.3 Cr
Pipes sales volume came at 175 KMT vs 222 KMT yoy down by 21%
Realisation came at Rs 70993 Cr vs QoQ Rs 69928 cr, YoY Rs 90731 Cr
EBIDTA came at Rs. 165 Cr (-28.3% QoQ, -8.7% YoY) vs QoQ Rs. 230.1 Cr, YoY Rs. 180.6 Cr
EBITDA/T came at Rs 9429 cr vs QoQ Rs 9316 Cr, YoY Rs 8135 Cr
EBITDA Margin came at 12.7% vs QoQ 12.6%, YoY 8.7%
Adj. PAT came at Rs. 97.3 Cr vs QoQ Rs. 218.7 Cr, YoY Rs. 51.9 Cr
Quarter EPS is Rs. 3.7
Share is trading at EV/EBITDA of 4.51x FY23E EBITDA
(Nirmal Bang Retail Research)
*Result Declining*
Revenue from Operations came at Rs. 1298.9 Cr (-28.6% QoQ, -37.2% YoY) vs QoQ Rs. 1819.3 Cr, YoY Rs. 2069.3 Cr
Pipes sales volume came at 175 KMT vs 222 KMT yoy down by 21%
Realisation came at Rs 70993 Cr vs QoQ Rs 69928 cr, YoY Rs 90731 Cr
EBIDTA came at Rs. 165 Cr (-28.3% QoQ, -8.7% YoY) vs QoQ Rs. 230.1 Cr, YoY Rs. 180.6 Cr
EBITDA/T came at Rs 9429 cr vs QoQ Rs 9316 Cr, YoY Rs 8135 Cr
EBITDA Margin came at 12.7% vs QoQ 12.6%, YoY 8.7%
Adj. PAT came at Rs. 97.3 Cr vs QoQ Rs. 218.7 Cr, YoY Rs. 51.9 Cr
Quarter EPS is Rs. 3.7
Share is trading at EV/EBITDA of 4.51x FY23E EBITDA
*PVR Ltd.* | *CMP* Rs. 1363 | *M Cap* Rs. 8282 Cr | *52 W H/L* 1592/961
(Nirmal Bang Retail Research)
*Result continued to remain weak*
Revenue from Operations came at Rs. 59.4 Cr (-64.7% QoQ, 509.8% YoY) vs QoQ Rs. 168.2 Cr, YoY Rs. 9.7 Cr
EBIDTA came at Rs. -90.9 Cr (63.7% QoQ, -20.2% YoY) vs QoQ Rs. -55.6 Cr, YoY Rs. -113.9 Cr
EBITDA Margin came at -153.1% vs QoQ -33%, YoY -1169.5%
Adj. PAT came at Rs. -219.4 Cr vs QoQ Rs. -280.3 Cr, YoY Rs. -221.3 Cr
Quarter EPS is Rs. -36.1
(Nirmal Bang Retail Research)
*Result continued to remain weak*
Revenue from Operations came at Rs. 59.4 Cr (-64.7% QoQ, 509.8% YoY) vs QoQ Rs. 168.2 Cr, YoY Rs. 9.7 Cr
EBIDTA came at Rs. -90.9 Cr (63.7% QoQ, -20.2% YoY) vs QoQ Rs. -55.6 Cr, YoY Rs. -113.9 Cr
EBITDA Margin came at -153.1% vs QoQ -33%, YoY -1169.5%
Adj. PAT came at Rs. -219.4 Cr vs QoQ Rs. -280.3 Cr, YoY Rs. -221.3 Cr
Quarter EPS is Rs. -36.1
*Aavas Financiers Ltd. - S* | *CMP* Rs. 2575 | *M Cap* Rs. 20217 Cr | *52 W H/L* 3074/1272
(Nirmal Bang Retail Research)
*Result is ok*
Asset quality details are awaited
NII came at Rs. 159.1 Cr vs YoY Rs. 121.6 Cr, QoQ Rs. 174.2 Cr
PBP came at Rs. 91.9 Cr vs YoY Rs. 69.2 Cr, QoQ Rs. 101.9 Cr
Provision came at Rs. 17 Cr vs YoY Rs. 6 Cr, QoQ Rs. 7 Cr
Contingent provisions is at Rs. 14.8 Cr (15 bps)
PAT came at Rs. 59.9 Cr vs YoY Rs. 50.1 Cr, QoQ Rs. 87.6 Cr
Quarter EPS is Rs. 7.6
Share is trading at P/E of 46.5x FY23E EPS & 8.2x trailing P/BV
(Nirmal Bang Retail Research)
*Result is ok*
Asset quality details are awaited
NII came at Rs. 159.1 Cr vs YoY Rs. 121.6 Cr, QoQ Rs. 174.2 Cr
PBP came at Rs. 91.9 Cr vs YoY Rs. 69.2 Cr, QoQ Rs. 101.9 Cr
Provision came at Rs. 17 Cr vs YoY Rs. 6 Cr, QoQ Rs. 7 Cr
Contingent provisions is at Rs. 14.8 Cr (15 bps)
PAT came at Rs. 59.9 Cr vs YoY Rs. 50.1 Cr, QoQ Rs. 87.6 Cr
Quarter EPS is Rs. 7.6
Share is trading at P/E of 46.5x FY23E EPS & 8.2x trailing P/BV
MADRAS HC DIRECTS CCI INDIA TO PROCEED WITH THE INVESTIGATION INTO ALLEGED CARTELISATION BY STEEL MANUFACTURERS WITHIN FOUR MONTHS
*Laurus Labs Ltd.* | *CMP* Rs. 615 | *M Cap* Rs. 33001 Cr | *52 W H/L* 698/130
(Nirmal Bang Retail Research)
*Result is marginally below expectations*
Revenue from Operations came at Rs. 1278.5 Cr (-9.5% QoQ, 31.2% YoY) vs expectation of Rs. 1378.3 Cr, QoQ Rs. 1411.9 Cr, YoY Rs. 974.3 Cr
EBIDTA came at Rs. 395.4 Cr (-16.3% QoQ, 42% YoY) vs expectation of Rs. 437.5 Cr, QoQ Rs. 472.2 Cr, YoY Rs. 278.3 Cr
EBITDA Margin came at 30.9% vs expectation of 31.7%, QoQ 33.4%, YoY 28.6%
Adj. PAT came at Rs. 241.6 Cr vs expectation of Rs. 276.8 Cr, QoQ Rs. 296.7 Cr, YoY Rs. 171.8 Cr
Quarter EPS is Rs. 4.5
Share is trading at P/E of 27.8x FY22E EPS
(Nirmal Bang Retail Research)
*Result is marginally below expectations*
Revenue from Operations came at Rs. 1278.5 Cr (-9.5% QoQ, 31.2% YoY) vs expectation of Rs. 1378.3 Cr, QoQ Rs. 1411.9 Cr, YoY Rs. 974.3 Cr
EBIDTA came at Rs. 395.4 Cr (-16.3% QoQ, 42% YoY) vs expectation of Rs. 437.5 Cr, QoQ Rs. 472.2 Cr, YoY Rs. 278.3 Cr
EBITDA Margin came at 30.9% vs expectation of 31.7%, QoQ 33.4%, YoY 28.6%
Adj. PAT came at Rs. 241.6 Cr vs expectation of Rs. 276.8 Cr, QoQ Rs. 296.7 Cr, YoY Rs. 171.8 Cr
Quarter EPS is Rs. 4.5
Share is trading at P/E of 27.8x FY22E EPS