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*Gail (India) Ltd.* | *CMP* Rs. 144 | *M Cap* Rs. 63942 Cr | *52 W H/L* 170/81
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 17383.9 Cr (11.8% QoQ, 43.8% YoY) vs expectation of Rs. 16189.1 Cr, QoQ Rs. 15546.2 Cr, YoY Rs. 12086.9 Cr
EBIDTA came at Rs. 2411.3 Cr (-6% QoQ, 287.3% YoY) vs expectation of Rs. 2585 Cr, QoQ Rs. 2564.8 Cr, YoY Rs. 622.6 Cr
EBITDA Margin came at 13.9% vs expectation of 16%, QoQ 16.5%, YoY 5.2%
Adj. PAT came at Rs. 1529.9 Cr vs expectation of Rs. 1756.2 Cr, QoQ Rs. 1907.7 Cr, YoY Rs. 255.5 Cr
Quarter EPS is Rs. 3.4
Share is trading at P/E of 8.5x FY22E EPS
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 17383.9 Cr (11.8% QoQ, 43.8% YoY) vs expectation of Rs. 16189.1 Cr, QoQ Rs. 15546.2 Cr, YoY Rs. 12086.9 Cr
EBIDTA came at Rs. 2411.3 Cr (-6% QoQ, 287.3% YoY) vs expectation of Rs. 2585 Cr, QoQ Rs. 2564.8 Cr, YoY Rs. 622.6 Cr
EBITDA Margin came at 13.9% vs expectation of 16%, QoQ 16.5%, YoY 5.2%
Adj. PAT came at Rs. 1529.9 Cr vs expectation of Rs. 1756.2 Cr, QoQ Rs. 1907.7 Cr, YoY Rs. 255.5 Cr
Quarter EPS is Rs. 3.4
Share is trading at P/E of 8.5x FY22E EPS
*Adani Transmission Ltd.* | *CMP* Rs. 940 | *M Cap* Rs. 103382 Cr | *52 W H/L* 1648/230
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 2829.7 Cr (3.8% QoQ, 15.7% YoY) vs QoQ Rs. 2726.6 Cr, YoY Rs. 2446.5 Cr
EBIDTA came at Rs. 1406 Cr (36.9% QoQ, 0.8% YoY) vs QoQ Rs. 1027.2 Cr, YoY Rs. 1394.7 Cr
EBITDA Margin came at 49.7% vs QoQ 37.7%, YoY 57%
Adj. PAT came at Rs. 435.4 Cr vs QoQ Rs. 238.4 Cr, YoY Rs. 383.6 Cr
Quarter EPS is Rs. 4
Share is trading at P/E of 79.2x TTM EPS
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 2829.7 Cr (3.8% QoQ, 15.7% YoY) vs QoQ Rs. 2726.6 Cr, YoY Rs. 2446.5 Cr
EBIDTA came at Rs. 1406 Cr (36.9% QoQ, 0.8% YoY) vs QoQ Rs. 1027.2 Cr, YoY Rs. 1394.7 Cr
EBITDA Margin came at 49.7% vs QoQ 37.7%, YoY 57%
Adj. PAT came at Rs. 435.4 Cr vs QoQ Rs. 238.4 Cr, YoY Rs. 383.6 Cr
Quarter EPS is Rs. 4
Share is trading at P/E of 79.2x TTM EPS
*Birla Corporation Ltd.* | *CMP* Rs. 1400 | *M Cap* Rs. 10919 Cr | *52 W H/L* 1585/559
(Nirmal Bang Retail Research)
*Result inline with Expectation*
Revenue from Operations came at Rs. 1749.1 Cr (-18% QoQ, 43.1% YoY) vs expectation of Rs. 1737.7 Cr, QoQ Rs. 2132.6 Cr, YoY Rs. 1222 Cr
EBIDTA came at Rs. 347.6 Cr (-11.3% QoQ, 49.1% YoY) vs expectation of Rs. 334.1 Cr, QoQ Rs. 392 Cr, YoY Rs. 233.1 Cr
EBITDA Margin came at 19.9% vs expectation of 19.2%, QoQ 18.4%, YoY 19.1%
Adj. PAT came at Rs. 141.5 Cr vs expectation of Rs. 132.6 Cr, QoQ Rs. 307.2 Cr, YoY Rs. 65.8 Cr
Quarter EPS is Rs. 18.4
Share is trading at 8.3x EV/EBITDA FY23
(Nirmal Bang Retail Research)
*Result inline with Expectation*
Revenue from Operations came at Rs. 1749.1 Cr (-18% QoQ, 43.1% YoY) vs expectation of Rs. 1737.7 Cr, QoQ Rs. 2132.6 Cr, YoY Rs. 1222 Cr
EBIDTA came at Rs. 347.6 Cr (-11.3% QoQ, 49.1% YoY) vs expectation of Rs. 334.1 Cr, QoQ Rs. 392 Cr, YoY Rs. 233.1 Cr
EBITDA Margin came at 19.9% vs expectation of 19.2%, QoQ 18.4%, YoY 19.1%
Adj. PAT came at Rs. 141.5 Cr vs expectation of Rs. 132.6 Cr, QoQ Rs. 307.2 Cr, YoY Rs. 65.8 Cr
Quarter EPS is Rs. 18.4
Share is trading at 8.3x EV/EBITDA FY23
*REC Ltd. -S* | *CMP* Rs. 157 | *M Cap* Rs. 30907 Cr | *52 W H/L* 168/92
(Nirmal Bang Retail Research)
*Result is ok* operationally improved although credit costs remain elevated
Asset quality details are awaited
NII came at Rs. 3848.7 Cr vs YoY Rs. 2910.3 Cr, QoQ Rs. 3408.3 Cr
PBP came at Rs. 3911.8 Cr vs YoY Rs. 2767.6 Cr, QoQ Rs. 3362.3 Cr
Provision came at Rs. 781.4 Cr vs YoY Rs. 198.6 Cr, QoQ Rs. 697.6 Cr
PAT came at Rs. 1997.3 Cr vs YoY Rs. 1839 Cr, QoQ Rs. 2069.6 Cr
Quarter EPS is Rs. 10.1
Share is trading at P/E of 3x FY23E EPS & 0.7x trailing P/BV
(Nirmal Bang Retail Research)
*Result is ok* operationally improved although credit costs remain elevated
Asset quality details are awaited
NII came at Rs. 3848.7 Cr vs YoY Rs. 2910.3 Cr, QoQ Rs. 3408.3 Cr
PBP came at Rs. 3911.8 Cr vs YoY Rs. 2767.6 Cr, QoQ Rs. 3362.3 Cr
Provision came at Rs. 781.4 Cr vs YoY Rs. 198.6 Cr, QoQ Rs. 697.6 Cr
PAT came at Rs. 1997.3 Cr vs YoY Rs. 1839 Cr, QoQ Rs. 2069.6 Cr
Quarter EPS is Rs. 10.1
Share is trading at P/E of 3x FY23E EPS & 0.7x trailing P/BV
*PTC India Financial Services Ltd. -S* | *CMP* Rs. 21 | *M Cap* Rs. 1339 Cr | *52 W H/L* 24/14
(Nirmal Bang Retail Research)
*Result is ok*
Asset quality details are awaited
NII came at Rs. 79.6 Cr vs YoY Rs. 84.6 Cr, QoQ Rs. 96.5 Cr
PBP came at Rs. 79.2 Cr vs YoY Rs. 83.2 Cr, QoQ Rs. 76.4 Cr
Provision came at Rs. 18.3 Cr vs YoY Rs. 40.6 Cr, QoQ Rs. 106.9 Cr
PAT came at Rs. 45.6 Cr vs YoY Rs. 26.6 Cr, QoQ Rs. -53.7 Cr
Adj. PAT came at Rs. 46.2 Cr vs YoY Rs. 26.6 Cr, QoQ Rs. -49.5 Cr
Quarter EPS is Rs. 0.7
Share is trading at P/E of 0x FY23E EPS & 1.9x trailing P/BV
(Nirmal Bang Retail Research)
*Result is ok*
Asset quality details are awaited
NII came at Rs. 79.6 Cr vs YoY Rs. 84.6 Cr, QoQ Rs. 96.5 Cr
PBP came at Rs. 79.2 Cr vs YoY Rs. 83.2 Cr, QoQ Rs. 76.4 Cr
Provision came at Rs. 18.3 Cr vs YoY Rs. 40.6 Cr, QoQ Rs. 106.9 Cr
PAT came at Rs. 45.6 Cr vs YoY Rs. 26.6 Cr, QoQ Rs. -53.7 Cr
Adj. PAT came at Rs. 46.2 Cr vs YoY Rs. 26.6 Cr, QoQ Rs. -49.5 Cr
Quarter EPS is Rs. 0.7
Share is trading at P/E of 0x FY23E EPS & 1.9x trailing P/BV
*Navkar Corporation Ltd.* | *CMP* Rs. 51 | *M Cap* Rs. 768 Cr | *52 W H/L* 55/24
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 215.8 Cr (1% QoQ, 77.6% YoY) vs QoQ Rs. 213.6 Cr, YoY Rs. 121.5 Cr
EBIDTA came at Rs. 46 Cr (12.7% QoQ, 188% YoY) vs QoQ Rs. 40.8 Cr, YoY Rs. 16 Cr
EBITDA Margin came at 21.3% vs QoQ 19.1%, YoY 13.1%
Adj. PAT came at Rs. 13.1 Cr vs QoQ Rs. 7.9 Cr, YoY Rs. -12.5 Cr
Quarter EPS is Rs. 0.9
Share is trading at P/E of 18.5x TTM EPS
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 215.8 Cr (1% QoQ, 77.6% YoY) vs QoQ Rs. 213.6 Cr, YoY Rs. 121.5 Cr
EBIDTA came at Rs. 46 Cr (12.7% QoQ, 188% YoY) vs QoQ Rs. 40.8 Cr, YoY Rs. 16 Cr
EBITDA Margin came at 21.3% vs QoQ 19.1%, YoY 13.1%
Adj. PAT came at Rs. 13.1 Cr vs QoQ Rs. 7.9 Cr, YoY Rs. -12.5 Cr
Quarter EPS is Rs. 0.9
Share is trading at P/E of 18.5x TTM EPS
UNION HEALTH MINISTER MANSUKH MANDAVIYA TODAY HELD A MEETING WITH DR SATISH REDDY, CHAIRMAN OF DR REDDY’S LAB OVER THE PRODUCTION AND SUPPLY OF SPUTNIK V COVID-19 VACCINE - ANI
Daily Market Highlights | 5th August 2021 📊
NIFTY50: ₹16,294.60 | +0.22%
Top Gainers 📈
BHARTIARTL: +3.86%
EICHERMOT: +3.45%
ITC: +3.07%
TECHM: +2.75%
TATASTEEL: +2.32%
Top Losers 📉
SBIN: -3.28%
INDUSINDBK: -2.33%
ICICIBANK: -1.84%
BAJFINANCE: -1.75%
BAJAJFINSV: -1.30%
NIFTY50: ₹16,294.60 | +0.22%
Top Gainers 📈
BHARTIARTL: +3.86%
EICHERMOT: +3.45%
ITC: +3.07%
TECHM: +2.75%
TATASTEEL: +2.32%
Top Losers 📉
SBIN: -3.28%
INDUSINDBK: -2.33%
ICICIBANK: -1.84%
BAJFINANCE: -1.75%
BAJAJFINSV: -1.30%
Govt tables taxation law amendments to repeal retrospective tax
https://www.moneycontrol.com/news/business/economy/govt-introduces-taxation-laws-amendment-bill-to-nullify-retro-tax-demands-7283341.html
Download moneycontrol app: http://m.moneycontrol.com/mom
https://www.moneycontrol.com/news/business/economy/govt-introduces-taxation-laws-amendment-bill-to-nullify-retro-tax-demands-7283341.html
Download moneycontrol app: http://m.moneycontrol.com/mom
Moneycontrol
Govt Buries Ghosts Of Retrospective Tax, Tables Taxation Law Amendments In Lok Sabha
"The Bill proposes to amend the Income-tax Act, 1961 so as to provide that no tax demand shall be raised in future on the basis of the said retrospective amendment for any indirect transfer of Indian assets if the transaction was undertaken before 28th May…
*Bajaj Consumer Care Ltd.* | *CMP* Rs. 273 | *M Cap* Rs. 4028 Cr | *52 W H/L* 324/162
(Nirmal Bang Retail Research)
*Result marginally below expectation*
Revenue from Operations came at Rs. 215.3 Cr (-12.5% QoQ, 9.8% YoY) vs expectation of Rs. 229.9 Cr, QoQ Rs. 246 Cr, YoY Rs. 196.1 Cr
EBIDTA came at Rs. 52.3 Cr (-13.9% QoQ, -8% YoY) vs expectation of Rs. 59.6 Cr, QoQ Rs. 60.8 Cr, YoY Rs. 56.9 Cr
EBITDA Margin came at 24.3% vs expectation of 25.9%, QoQ 24.7%, YoY 29%
Adj. PAT came at Rs. 48.9 Cr vs expectation of Rs. 55.7 Cr, QoQ Rs. 53.9 Cr, YoY Rs. 54.2 Cr
Quarter EPS is Rs. 3.3
Share is trading at P/E of 16.6x FY22E EPS
(Nirmal Bang Retail Research)
*Result marginally below expectation*
Revenue from Operations came at Rs. 215.3 Cr (-12.5% QoQ, 9.8% YoY) vs expectation of Rs. 229.9 Cr, QoQ Rs. 246 Cr, YoY Rs. 196.1 Cr
EBIDTA came at Rs. 52.3 Cr (-13.9% QoQ, -8% YoY) vs expectation of Rs. 59.6 Cr, QoQ Rs. 60.8 Cr, YoY Rs. 56.9 Cr
EBITDA Margin came at 24.3% vs expectation of 25.9%, QoQ 24.7%, YoY 29%
Adj. PAT came at Rs. 48.9 Cr vs expectation of Rs. 55.7 Cr, QoQ Rs. 53.9 Cr, YoY Rs. 54.2 Cr
Quarter EPS is Rs. 3.3
Share is trading at P/E of 16.6x FY22E EPS
Taxsutra Breaking News - Govt. withdraws retrospective amendment to 'indirect transfers' made in 2012, to now apply prospectively!!! Big impact on Vodafone tax case... @Taxsutra .... hugeeee!
Breaking news:
Indian Govt suddenly withdraws Indirect transfer capital gain provisions for years prior to 2012.
This apparently is done to give benefit to Vodafone UK, which was in litigation since 15 years with Indian income tax department. Hopefully Vodafone UK will pump more money into "Idea" now....
Cairn UK will also be a beneficiary of this...
Indian Govt suddenly withdraws Indirect transfer capital gain provisions for years prior to 2012.
This apparently is done to give benefit to Vodafone UK, which was in litigation since 15 years with Indian income tax department. Hopefully Vodafone UK will pump more money into "Idea" now....
Cairn UK will also be a beneficiary of this...
Highly positive news for Vodafone Idea and Cairn
https://www.moneycontrol.com/news/business/economy/govt-introduces-taxation-laws-amendment-bill-to-nullify-retro-tax-demands-7283341.html
https://www.moneycontrol.com/news/business/economy/govt-introduces-taxation-laws-amendment-bill-to-nullify-retro-tax-demands-7283341.html
Moneycontrol
Govt Buries Ghosts Of Retrospective Tax, Tables Taxation Law Amendments In Lok Sabha
"The Bill proposes to amend the Income-tax Act, 1961 so as to provide that no tax demand shall be raised in future on the basis of the said retrospective amendment for any indirect transfer of Indian assets if the transaction was undertaken before 28th May…
Tata Chemicals reports Q1 earnings
🔸Net profit at Rs 342.1 cr Vs Rs 74.1 cr (YoY)
🔸Revenue up 26.8% at Rs 2,977.2 cr Vs Rs 2,348.2 cr (YOY)
🔸EBITDA up 67.1% at Rs 601.2 cr Vs Rs 359.7 cr (YoY)
🔸EBITDA margin at 20.2% Vs 15.3% (Yoy
🔸Net profit at Rs 342.1 cr Vs Rs 74.1 cr (YoY)
🔸Revenue up 26.8% at Rs 2,977.2 cr Vs Rs 2,348.2 cr (YOY)
🔸EBITDA up 67.1% at Rs 601.2 cr Vs Rs 359.7 cr (YoY)
🔸EBITDA margin at 20.2% Vs 15.3% (Yoy
Bharti Airtel headed for a multi-year breakout; stock can double from here
https://mybs.in/2ZgbqJk
－shared via Business Standard iPhone App
https://mybs.in/2ZgbqJk
－shared via Business Standard iPhone App
Business-Standard
Bharti Airtel headed for a multi-year breakout; stock can double from here
The Sunil Mittal-owned company reported a net profit of Rs 283.5 crore in the first quarter of the current fiscal (Q1FY22), which was much lower than the consensus estimates