*Finolex Industries 1QFY22 First Cut: Mixed Bag; Pipe & Fittings business fared relatively better*
• Pipe Volume at 55.8KT, up 5% yoy and 17% above EE while down 7% qoq. Pipe revenue at Rs 8.5bn, +67%/-6% yoy/qoq. Pipe EBIT margins stood at 5.2% (down 498bps/254bps yoy/qoq). Pipe revenues were higher mainly due to elevated PVC prices and hence higher realization.
• PVC Resin Volume at 50.2KT, up 11%/-33% yoy/qoq with PVC revenue at Rs 6.3bn, up 113% yoy while down 32% qoq. PVC EBIT at Rs 1.6bn (up 6x yoy while down 52% qoq) with spread coming high $ 422/MT (up 5x while down 29% qoq) on jump in PVC prices and PVC-EDC spreads yoy.
• Overall Revenues at Rs 9.7bn, up 72% yoy and 8% above EE while down 23% qoq.
• EBITDA at Rs 2.1bn, was up 137% yoy while down 49% qoq due to effect of inventory level changes (14% below EE) with EBITDAM expansion of 600bps yoy while contraction of ~11% qoq at 21.7%. Adjusted for inventory changes, EBITDA down 16% qoq with margin expanding 185bps qoq.
• PAT at Rs 1.47bn was up 166% yoy while down 51% qoq (17% below EE) driven by drop in EBITDA.
• Liquid Investments (Net of Borrowings) at Rs 6.06bn as on Jun’21.
• As per management, after reaching all-time highs, the PVC prices seem to be cooling off.
• Pipe Volume at 55.8KT, up 5% yoy and 17% above EE while down 7% qoq. Pipe revenue at Rs 8.5bn, +67%/-6% yoy/qoq. Pipe EBIT margins stood at 5.2% (down 498bps/254bps yoy/qoq). Pipe revenues were higher mainly due to elevated PVC prices and hence higher realization.
• PVC Resin Volume at 50.2KT, up 11%/-33% yoy/qoq with PVC revenue at Rs 6.3bn, up 113% yoy while down 32% qoq. PVC EBIT at Rs 1.6bn (up 6x yoy while down 52% qoq) with spread coming high $ 422/MT (up 5x while down 29% qoq) on jump in PVC prices and PVC-EDC spreads yoy.
• Overall Revenues at Rs 9.7bn, up 72% yoy and 8% above EE while down 23% qoq.
• EBITDA at Rs 2.1bn, was up 137% yoy while down 49% qoq due to effect of inventory level changes (14% below EE) with EBITDAM expansion of 600bps yoy while contraction of ~11% qoq at 21.7%. Adjusted for inventory changes, EBITDA down 16% qoq with margin expanding 185bps qoq.
• PAT at Rs 1.47bn was up 166% yoy while down 51% qoq (17% below EE) driven by drop in EBITDA.
• Liquid Investments (Net of Borrowings) at Rs 6.06bn as on Jun’21.
• As per management, after reaching all-time highs, the PVC prices seem to be cooling off.
IDFC FIRST BANK Q1 : Net Loss of Rs 630 cr V Rs 127 cr Profit (QOQ) , Rs 93.5 cr YOY
Net Intrest Income Up 12 % To Rs 2057 cr (QOQ), Up 25 % YOY
Gross NPA rises to 4.61 % V 4.15 % (QOQ)
Net NPA rises 2.32 % V 1.86 % (QOQ)
Provision Up 211 % To Rs 1276 cr (QOQ)
View: Result is below expectations
Net Intrest Income Up 12 % To Rs 2057 cr (QOQ), Up 25 % YOY
Gross NPA rises to 4.61 % V 4.15 % (QOQ)
Net NPA rises 2.32 % V 1.86 % (QOQ)
Provision Up 211 % To Rs 1276 cr (QOQ)
View: Result is below expectations
Zomato eyes a big slice of this grocery unicorn https://www.livemint.com/companies/news/zomato-plans-fresh-grofers-investment-11627326878480.html
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Zomato eyes a big slice of this grocery unicorn
Zomato likely to lead ₹3,500 crore funding round in online grocer.Grofers is also seeing increased interest from global investors amid soaring demand for online deliveries
GAEL Q1FY22: Good result
Revenue (YoY): 24% up
PBT (YoY): 183% up
Revenue ( QoQ): 38% down
PBT (QoQ): 9% down
Revenue (YoY): 24% up
PBT (YoY): 183% up
Revenue ( QoQ): 38% down
PBT (QoQ): 9% down
The Worli BDD chawl is spread on 54 acres of land parcel. The Tata-led consortium will be undertaking the redevelopment project and as per the revised plan a total of 33 rehab buildings comprising of 40 floors each will be constructed including 22 floors building for slum dwellers.
Tata projects of which major shareholder 48% is Tata Power and Capacite infraprojects to undertake the project .
Keep eye on Tata Power and Capacite Infra
Tata projects of which major shareholder 48% is Tata Power and Capacite infraprojects to undertake the project .
Keep eye on Tata Power and Capacite Infra
VINATI ORGANICS: Q1 CONS NET PROFIT 809M RUPEES VS 722M (YOY); 709M (QOQ) || Q1 REVENUE 3.9B RUPEES VS 2.3B (YOY); 2.8B (QOQ)
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All the posts appearing in the channel are only for educational and informational purposes.
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All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!