*Highlights of RBI Governor Das' address post MPC meet*
* There are four parts to today's statement
* MPC voted to leave repo rate unchanged at 4.00%
* Will announce some additional measures from RBI
* Economy in much better position now than during Jun meet
* MPC voted to retain accommodative stance by 5 votes to 1
* MSF, Bank Rate unchanged at 4.25%
* Reverse repo rate also left unchanged at 3.35%
* Can't drop guard, must remain vigilant against third wave
* CPI inflation surprised on upside in May
* Econ activity evolved broadly along expected lines
* Jun CPI inflation saw moderation in price momentum
* Outlook for aggregate demand improving
* Some high frequency indicators gaining momentum Jun-Jul
* There are four parts to today's statement
* MPC voted to leave repo rate unchanged at 4.00%
* Will announce some additional measures from RBI
* Economy in much better position now than during Jun meet
* MPC voted to retain accommodative stance by 5 votes to 1
* MSF, Bank Rate unchanged at 4.25%
* Reverse repo rate also left unchanged at 3.35%
* Can't drop guard, must remain vigilant against third wave
* CPI inflation surprised on upside in May
* Econ activity evolved broadly along expected lines
* Jun CPI inflation saw moderation in price momentum
* Outlook for aggregate demand improving
* Some high frequency indicators gaining momentum Jun-Jul
*BASF India Ltd.* | *CMP* Rs. 3159 | *M Cap* Rs. 13674 Cr | *52 W H/L* 3159/1264
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 3012.9 Cr (7.4% QoQ, 70.3% YoY) vs QoQ Rs. 2805.6 Cr, YoY Rs. 1769.7 Cr
EBIDTA came at Rs. 289.9 Cr (32.2% QoQ, 1807.1% YoY) vs QoQ Rs. 219.3 Cr, YoY Rs. 15.2 Cr
EBITDA Margin came at 9.6% vs QoQ 7.8%, YoY 0.9%
Adj. PAT came at Rs. 197.3 Cr vs QoQ Rs. 77.3 Cr, YoY Rs. -29.2 Cr
Quarter EPS is Rs. 45.6
Share is trading at P/E of 36.9x TTM EPS
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 3012.9 Cr (7.4% QoQ, 70.3% YoY) vs QoQ Rs. 2805.6 Cr, YoY Rs. 1769.7 Cr
EBIDTA came at Rs. 289.9 Cr (32.2% QoQ, 1807.1% YoY) vs QoQ Rs. 219.3 Cr, YoY Rs. 15.2 Cr
EBITDA Margin came at 9.6% vs QoQ 7.8%, YoY 0.9%
Adj. PAT came at Rs. 197.3 Cr vs QoQ Rs. 77.3 Cr, YoY Rs. -29.2 Cr
Quarter EPS is Rs. 45.6
Share is trading at P/E of 36.9x TTM EPS
*APL Apollo Tubes Ltd.* | *CMP* Rs. 1755 | *M Cap* Rs. 21919 Cr | *52 W H/L* 1850/360
(Nirmal Bang Retail Research)
*Result ahead of Expectation* Company declared 1:1 Bonus issue
Revenue from Operations came at Rs. 2534.3 Cr (-2% QoQ, 128.4% YoY) vs expectation of Rs. 2283.5 Cr, QoQ Rs. 2587 Cr, YoY Rs. 1109.8 Cr
EBIDTA came at Rs. 254.7 Cr (23.4% QoQ, 258.3% YoY) vs expectation of Rs. 178.7 Cr, QoQ Rs. 206.5 Cr, YoY Rs. 71.1 Cr
EBITDA Margin came at 10% vs expectation of 7.8%, QoQ 8%, YoY 6.4%
Adj. PAT came at Rs. 147.4 Cr vs expectation of Rs. 101.6 Cr, QoQ Rs. 119.2 Cr, YoY Rs. 16.8 Cr
Quarter EPS is Rs. 11.8
Share is trading at P/E of 45.5x FY22E EPS
(Nirmal Bang Retail Research)
*Result ahead of Expectation* Company declared 1:1 Bonus issue
Revenue from Operations came at Rs. 2534.3 Cr (-2% QoQ, 128.4% YoY) vs expectation of Rs. 2283.5 Cr, QoQ Rs. 2587 Cr, YoY Rs. 1109.8 Cr
EBIDTA came at Rs. 254.7 Cr (23.4% QoQ, 258.3% YoY) vs expectation of Rs. 178.7 Cr, QoQ Rs. 206.5 Cr, YoY Rs. 71.1 Cr
EBITDA Margin came at 10% vs expectation of 7.8%, QoQ 8%, YoY 6.4%
Adj. PAT came at Rs. 147.4 Cr vs expectation of Rs. 101.6 Cr, QoQ Rs. 119.2 Cr, YoY Rs. 16.8 Cr
Quarter EPS is Rs. 11.8
Share is trading at P/E of 45.5x FY22E EPS
*Muthoot Finance Ltd. -S* | *CMP* Rs. 1524 | *M Cap* Rs. 61142 Cr | *52 W H/L* 1585/1000
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Asset quality details are awaited
NII came at Rs. 1731.6 Cr vs expectation of Rs. 1821.6 Cr, YoY Rs. 1513.6 Cr, QoQ Rs. 1872.6 Cr
PBP came at Rs. 1333.8 Cr vs expectation of Rs. 1395.8 Cr, YoY Rs. 1142.6 Cr, QoQ Rs. 1360.8 Cr
Provision came at Rs. 33.7 Cr vs expectation of Rs. 41.2 Cr, YoY Rs. 14.6 Cr, QoQ Rs. 11.1 Cr
PAT came at Rs. 971.2 Cr vs expectation of Rs. 1028.1 Cr, YoY Rs. 843.3 Cr, QoQ Rs. 995.7 Cr
Quarter EPS is Rs. 24.2
Share is trading at P/E of 11.5x FY23E EPS & 4x trailing P/BV
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Asset quality details are awaited
NII came at Rs. 1731.6 Cr vs expectation of Rs. 1821.6 Cr, YoY Rs. 1513.6 Cr, QoQ Rs. 1872.6 Cr
PBP came at Rs. 1333.8 Cr vs expectation of Rs. 1395.8 Cr, YoY Rs. 1142.6 Cr, QoQ Rs. 1360.8 Cr
Provision came at Rs. 33.7 Cr vs expectation of Rs. 41.2 Cr, YoY Rs. 14.6 Cr, QoQ Rs. 11.1 Cr
PAT came at Rs. 971.2 Cr vs expectation of Rs. 1028.1 Cr, YoY Rs. 843.3 Cr, QoQ Rs. 995.7 Cr
Quarter EPS is Rs. 24.2
Share is trading at P/E of 11.5x FY23E EPS & 4x trailing P/BV
*BEML LTD.* | *CMP* Rs. 1336 | *M Cap* Rs. 5564 Cr | *52 W H/L* 1544/584
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 451 Cr (-74.6% QoQ, 15.3% YoY) vs QoQ Rs. 1773.8 Cr, YoY Rs. 391.2 Cr
EBIDTA came at Rs. -81.5 Cr (-146% QoQ, -30.5% YoY) vs QoQ Rs. 177.1 Cr, YoY Rs. -117.2 Cr
EBITDA Margin came at -18.1% vs QoQ 10%, YoY -30%
Adj. PAT came at Rs. -92.8 Cr vs QoQ Rs. 159.9 Cr, YoY Rs. -132.8 Cr
Quarter EPS is Rs. -22.3
Share is trading at P/E of 48.5x TTM EPS
(Nirmal Bang Retail Research)
*Result ok*
Revenue from Operations came at Rs. 451 Cr (-74.6% QoQ, 15.3% YoY) vs QoQ Rs. 1773.8 Cr, YoY Rs. 391.2 Cr
EBIDTA came at Rs. -81.5 Cr (-146% QoQ, -30.5% YoY) vs QoQ Rs. 177.1 Cr, YoY Rs. -117.2 Cr
EBITDA Margin came at -18.1% vs QoQ 10%, YoY -30%
Adj. PAT came at Rs. -92.8 Cr vs QoQ Rs. 159.9 Cr, YoY Rs. -132.8 Cr
Quarter EPS is Rs. -22.3
Share is trading at P/E of 48.5x TTM EPS
METROPOLIS: CO APPROVES RAISING OF FUNDS UP TO RUPEES 15B VIA PREF/PUBLIC ISSUE
*Metropolis Healthcare Ltd.* | *CMP* Rs. 3025 | *M Cap* Rs. 15466 Cr | *52 W H/L* 3144/1515
(Nirmal Bang Retail Research)
*Result marginally above Expectation*
Revenue from Operations came at Rs. 326.8 Cr (12% QoQ, 128.3% YoY) vs expectation of Rs. 302.8 Cr, QoQ Rs. 291.7 Cr, YoY Rs. 143.1 Cr
EBIDTA came at Rs. 102.4 Cr (6.2% QoQ, 745.5% YoY) vs expectation of Rs. 96 Cr, QoQ Rs. 96.4 Cr, YoY Rs. 12.1 Cr
EBITDA Margin came at 31.3% vs expectation of 31.7%, QoQ 33%, YoY 8.5%
Adj. PAT came at Rs. 59 Cr vs expectation of Rs. 64.5 Cr, QoQ Rs. 61.3 Cr, YoY Rs. 2.9 Cr
Quarter EPS is Rs. 11.5
Share is trading at P/E of 67.9x FY22E EPS
(Nirmal Bang Retail Research)
*Result marginally above Expectation*
Revenue from Operations came at Rs. 326.8 Cr (12% QoQ, 128.3% YoY) vs expectation of Rs. 302.8 Cr, QoQ Rs. 291.7 Cr, YoY Rs. 143.1 Cr
EBIDTA came at Rs. 102.4 Cr (6.2% QoQ, 745.5% YoY) vs expectation of Rs. 96 Cr, QoQ Rs. 96.4 Cr, YoY Rs. 12.1 Cr
EBITDA Margin came at 31.3% vs expectation of 31.7%, QoQ 33%, YoY 8.5%
Adj. PAT came at Rs. 59 Cr vs expectation of Rs. 64.5 Cr, QoQ Rs. 61.3 Cr, YoY Rs. 2.9 Cr
Quarter EPS is Rs. 11.5
Share is trading at P/E of 67.9x FY22E EPS
*Anupam Rasayan India Ltd.* | *CMP* Rs. 740 | *M Cap* Rs. 7394 Cr | *52 W H/L* 850/472
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 233.7 Cr (-14% QoQ, 72.6% YoY) vs QoQ Rs. 271.7 Cr, YoY Rs. 135.4 Cr
EBIDTA came at Rs. 60.7 Cr (-3.7% QoQ, 83.6% YoY) vs QoQ Rs. 63 Cr, YoY Rs. 33 Cr
EBITDA Margin came at 26% vs QoQ 23.2%, YoY 24.4%
Adj. PAT came at Rs. 32.1 Cr vs QoQ Rs. 22.1 Cr, YoY Rs. 0.2 Cr
Quarter EPS is Rs. 3.2
Share is trading at P/E of 45.1x FY22E EPS
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 233.7 Cr (-14% QoQ, 72.6% YoY) vs QoQ Rs. 271.7 Cr, YoY Rs. 135.4 Cr
EBIDTA came at Rs. 60.7 Cr (-3.7% QoQ, 83.6% YoY) vs QoQ Rs. 63 Cr, YoY Rs. 33 Cr
EBITDA Margin came at 26% vs QoQ 23.2%, YoY 24.4%
Adj. PAT came at Rs. 32.1 Cr vs QoQ Rs. 22.1 Cr, YoY Rs. 0.2 Cr
Quarter EPS is Rs. 3.2
Share is trading at P/E of 45.1x FY22E EPS
*Abbott India Ltd.* | *CMP* Rs. 18200 | *M Cap* Rs. 38674 Cr | *52 W H/L* 18200/13835
(Nirmal Bang Retail Research)
*Result is marginally above expectations*
Revenue from Operations came at Rs. 1217.8 Cr (11.2% QoQ, 14.4% YoY) vs expectation of Rs. 1205.6 Cr, QoQ Rs. 1095.5 Cr, YoY Rs. 1064.3 Cr
EBIDTA came at Rs. 265.2 Cr (29% QoQ, 13.6% YoY) vs expectation of Rs. 254.2 Cr, QoQ Rs. 205.5 Cr, YoY Rs. 233.4 Cr
EBITDA Margin came at 21.8% vs expectation of 21.1%, QoQ 18.8%, YoY 21.9%
Adj. PAT came at Rs. 195.8 Cr vs expectation of Rs. 191.5 Cr, QoQ Rs. 152.5 Cr, YoY Rs. 180.4 Cr
Quarter EPS is Rs. 92.1
Share is trading at P/E of 48x FY22E EPS
(Nirmal Bang Retail Research)
*Result is marginally above expectations*
Revenue from Operations came at Rs. 1217.8 Cr (11.2% QoQ, 14.4% YoY) vs expectation of Rs. 1205.6 Cr, QoQ Rs. 1095.5 Cr, YoY Rs. 1064.3 Cr
EBIDTA came at Rs. 265.2 Cr (29% QoQ, 13.6% YoY) vs expectation of Rs. 254.2 Cr, QoQ Rs. 205.5 Cr, YoY Rs. 233.4 Cr
EBITDA Margin came at 21.8% vs expectation of 21.1%, QoQ 18.8%, YoY 21.9%
Adj. PAT came at Rs. 195.8 Cr vs expectation of Rs. 191.5 Cr, QoQ Rs. 152.5 Cr, YoY Rs. 180.4 Cr
Quarter EPS is Rs. 92.1
Share is trading at P/E of 48x FY22E EPS
*Prakash Industries Ltd.* | *CMP* Rs. 82 | *M Cap* Rs. 1473 Cr | *52 W H/L* 105/31
(Nirmal Bang Retail Research)
*Result Declined*
Revenue from Operations came at Rs. 1030.7 Cr (-0.1% QoQ, 94.8% YoY) vs QoQ Rs. 1032 Cr, YoY Rs. 529 Cr
EBIDTA came at Rs. 96.4 Cr (-6.9% QoQ, 59.9% YoY) vs QoQ Rs. 103.6 Cr, YoY Rs. 60.3 Cr
EBITDA Margin came at 9.4% vs QoQ 10%, YoY 11.4%
Adj. PAT came at Rs. 40.8 Cr vs QoQ Rs. 51.7 Cr, YoY Rs. 3.2 Cr
Quarter EPS is Rs. 2.3
Share is trading at P/E of 11.1x TTM EPS
(Nirmal Bang Retail Research)
*Result Declined*
Revenue from Operations came at Rs. 1030.7 Cr (-0.1% QoQ, 94.8% YoY) vs QoQ Rs. 1032 Cr, YoY Rs. 529 Cr
EBIDTA came at Rs. 96.4 Cr (-6.9% QoQ, 59.9% YoY) vs QoQ Rs. 103.6 Cr, YoY Rs. 60.3 Cr
EBITDA Margin came at 9.4% vs QoQ 10%, YoY 11.4%
Adj. PAT came at Rs. 40.8 Cr vs QoQ Rs. 51.7 Cr, YoY Rs. 3.2 Cr
Quarter EPS is Rs. 2.3
Share is trading at P/E of 11.1x TTM EPS
*Strides Pharma Science Ltd.* | *CMP* Rs. 750 | *M Cap* Rs. 6729 Cr | *52 W H/L* 1000/408
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 688.4 Cr (-24.2% QoQ, -12% YoY) vs expectation of Rs. 901.4 Cr, QoQ Rs. 908.5 Cr, YoY Rs. 781.8 Cr
EBIDTA came at Rs. -55.4 Cr (-134.8% QoQ, -136.7% YoY) vs expectation of Rs. 162.8 Cr, QoQ Rs. 159.2 Cr, YoY Rs. 151 Cr
EBITDA Margin came at -8% vs expectation of 18.1%, QoQ 17.5%, YoY 19.3%
Adj. PAT came at Rs. -117 Cr vs expectation of Rs. 54.2 Cr, QoQ Rs. 47 Cr, YoY Rs. 58.6 Cr
Quarter EPS is Rs. -13
Share is trading at P/E of 19.3x FY22E EPS
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 688.4 Cr (-24.2% QoQ, -12% YoY) vs expectation of Rs. 901.4 Cr, QoQ Rs. 908.5 Cr, YoY Rs. 781.8 Cr
EBIDTA came at Rs. -55.4 Cr (-134.8% QoQ, -136.7% YoY) vs expectation of Rs. 162.8 Cr, QoQ Rs. 159.2 Cr, YoY Rs. 151 Cr
EBITDA Margin came at -8% vs expectation of 18.1%, QoQ 17.5%, YoY 19.3%
Adj. PAT came at Rs. -117 Cr vs expectation of Rs. 54.2 Cr, QoQ Rs. 47 Cr, YoY Rs. 58.6 Cr
Quarter EPS is Rs. -13
Share is trading at P/E of 19.3x FY22E EPS
*Mahindra & Mahindra Ltd.* | *CMP* Rs. 768 | *M Cap* Rs. 95427 Cr | *52 W H/L* 952/566
(Nirmal Bang Retail Research)
No. of Vehicles Sold 186777 vs QoQ 202223, YoY 76599
*Result is inline with expectation*
Revenue from Operations came at Rs. 11762.8 Cr (-12.9% QoQ, 110% YoY) vs expectation of Rs. 12360 Cr, QoQ Rs. 13512.4 Cr, YoY Rs. 5602.2 Cr
EBIDTA came at Rs. 1631.7 Cr (-8.8% QoQ, 197.1% YoY) vs expectation of Rs. 1693.3 Cr, QoQ Rs. 1789.3 Cr, YoY Rs. 549.1 Cr
EBITDA Margin came at 13.9% vs expectation of 13.7%, QoQ 13.2%, YoY 9.8%
Adj. PAT came at Rs. 934.1 Cr vs expectation of Rs. 908.8 Cr, QoQ Rs. 935.1 Cr, YoY Rs. 47.8 Cr
Quarter EPS is Rs. 7.5
Share is trading at P/E of 17.7x FY22E EPS
(Nirmal Bang Retail Research)
No. of Vehicles Sold 186777 vs QoQ 202223, YoY 76599
*Result is inline with expectation*
Revenue from Operations came at Rs. 11762.8 Cr (-12.9% QoQ, 110% YoY) vs expectation of Rs. 12360 Cr, QoQ Rs. 13512.4 Cr, YoY Rs. 5602.2 Cr
EBIDTA came at Rs. 1631.7 Cr (-8.8% QoQ, 197.1% YoY) vs expectation of Rs. 1693.3 Cr, QoQ Rs. 1789.3 Cr, YoY Rs. 549.1 Cr
EBITDA Margin came at 13.9% vs expectation of 13.7%, QoQ 13.2%, YoY 9.8%
Adj. PAT came at Rs. 934.1 Cr vs expectation of Rs. 908.8 Cr, QoQ Rs. 935.1 Cr, YoY Rs. 47.8 Cr
Quarter EPS is Rs. 7.5
Share is trading at P/E of 17.7x FY22E EPS
*Voltas Ltd.* | *CMP* Rs. 1049 | *M Cap* Rs. 34710 Cr | *52 W H/L* 1132/574
(Nirmal Bang Retail Research)
*Result is marginally below expectations*
Revenue from Operations came at Rs. 1785.2 Cr (-32.7% QoQ, 37.6% YoY) vs expectation of Rs. 1864.6 Cr, QoQ Rs. 2651.7 Cr, YoY Rs. 1296.9 Cr
EBIDTA came at Rs. 135.8 Cr (-58.9% QoQ, 103.4% YoY) vs expectation of Rs. 161.7 Cr, QoQ Rs. 330.7 Cr, YoY Rs. 66.8 Cr
EBITDA Margin came at 7.6% vs expectation of 8.7%, QoQ 12.5%, YoY 5.1%
Adj. PAT came at Rs. 122.4 Cr vs expectation of Rs. 132.5 Cr, QoQ Rs. 237.7 Cr, YoY Rs. 81.2 Cr
Quarter EPS is Rs. 3.7
Share is trading at P/E of 51.4x FY22E EPS
(Nirmal Bang Retail Research)
*Result is marginally below expectations*
Revenue from Operations came at Rs. 1785.2 Cr (-32.7% QoQ, 37.6% YoY) vs expectation of Rs. 1864.6 Cr, QoQ Rs. 2651.7 Cr, YoY Rs. 1296.9 Cr
EBIDTA came at Rs. 135.8 Cr (-58.9% QoQ, 103.4% YoY) vs expectation of Rs. 161.7 Cr, QoQ Rs. 330.7 Cr, YoY Rs. 66.8 Cr
EBITDA Margin came at 7.6% vs expectation of 8.7%, QoQ 12.5%, YoY 5.1%
Adj. PAT came at Rs. 122.4 Cr vs expectation of Rs. 132.5 Cr, QoQ Rs. 237.7 Cr, YoY Rs. 81.2 Cr
Quarter EPS is Rs. 3.7
Share is trading at P/E of 51.4x FY22E EPS
Live webinar on "Result Review" by Dr. Pawan Singh, MD, PTC India Financial with Ms. Hiral Dadia, Anchor and Editor.
Click here to join: https://youtu.be/zzaD09lPquM
Click here to join: https://youtu.be/zzaD09lPquM
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"Result Review" with Dr.Pawan Singh, MD, PTC India Financial.
Dr. Pawan Singh, MD, PTC India Financial in conversation with Ms. Hiral Dadia, Anchor and Editor on Result Review.
SUPREME COURT SAYS SINGAPORE EMERGENCY ARBITRATOR ORDER ENFORCEABLE || COURT CONTINUES HALT ON FUTURE RETAIL-RELIANCE DEAL
*Hindalco Industries Ltd.* | *CMP* Rs. 451 | *M Cap* Rs. 101335 Cr | *52 W H/L* 451/154
(Nirmal Bang Retail Research)
*Result ahead of expectation*
Revenue from Operations came at Rs. 41358 Cr (2.1% QoQ, 63.6% YoY) vs expectation of Rs. 41433 Cr, QoQ Rs. 40507 Cr, YoY Rs. 25283 Cr
EBIDTA came at Rs. 6173 Cr (9.2% QoQ, 219.3% YoY) vs expectation of Rs. 5687.4 Cr, QoQ Rs. 5655 Cr, YoY Rs. 1933 Cr
EBITDA Margin came at 14.9% vs expectation of 13.7%, QoQ 14%, YoY 7.6%
Adj. PAT came at Rs. 2211 Cr vs expectation of Rs. 2360.5 Cr, QoQ Rs. 1894 Cr, YoY Rs. -290 Cr
Quarter EPS is Rs. 9.8
Share is trading at P/E of 10.9x FY22E EPS
*AU Small Finance Bank Ltd.* | *CMP* Rs. 1275 | *M Cap* Rs. 39885 Cr | *52 W H/L*
(Nirmal Bang Retail Research)
*Result is in line with expectations* - Restructured book doubles to 3.5% although collections witness sharp bounce back by the end of the qtr; thus stress is likely to be transient
Net Interest Income came at Rs. 724 Cr vs expectation of Rs. 660 Cr, YoY Rs. 516 Cr, QoQ Rs. 656 Cr
Non Interest Income came at Rs. 184 Cr vs expectation of Rs. 247 Cr, YoY Rs. 226 Cr, QoQ Rs. 277 Cr
PBP came at Rs. 451 Cr vs expectation of Rs. 403 Cr, YoY Rs. 446 Cr, QoQ Rs. 374 Cr
Provisions came at Rs. 177 Cr vs expectation of Rs. 170 Cr, YoY Rs. 181 Cr, QoQ Rs. 178 Cr
Adj. PAT came at Rs. 203 Cr vs expectation of Rs. 190 Cr, YoY Rs. 201 Cr, QoQ Rs. 169 Cr
Gross NPA came at Rs. 1496 Cr vs QoQ Rs. 1503 Cr at 4.31% vs QoQ 4.25%
Net NPA came at Rs. 766 Cr vs QoQ Rs. 755 Cr at 2.26% vs QoQ 2.18%
Bank has done Rs. 658 Cr of standard restructuring in Q1 taking total restructured book to Rs. 1265 Cr (3.5%).
Although, collections saw sharp pullback as Covid wave-2 flattened; Collection efficiency was at 101% for Q1FY22 and 114% in June month.
Bank prudently made contingency provisions of Rs. 120 Cr during the quarter.
Bank is carrying contingent provisions of Rs. 251 Cr (72 bps)
Quarter EPS is Rs. 6.5
Share is trading at P/E 31.5x FY23 and trailing P/Adj BV of 7.1x
(Nirmal Bang Retail Research)
*Result ahead of expectation*
Revenue from Operations came at Rs. 41358 Cr (2.1% QoQ, 63.6% YoY) vs expectation of Rs. 41433 Cr, QoQ Rs. 40507 Cr, YoY Rs. 25283 Cr
EBIDTA came at Rs. 6173 Cr (9.2% QoQ, 219.3% YoY) vs expectation of Rs. 5687.4 Cr, QoQ Rs. 5655 Cr, YoY Rs. 1933 Cr
EBITDA Margin came at 14.9% vs expectation of 13.7%, QoQ 14%, YoY 7.6%
Adj. PAT came at Rs. 2211 Cr vs expectation of Rs. 2360.5 Cr, QoQ Rs. 1894 Cr, YoY Rs. -290 Cr
Quarter EPS is Rs. 9.8
Share is trading at P/E of 10.9x FY22E EPS
*AU Small Finance Bank Ltd.* | *CMP* Rs. 1275 | *M Cap* Rs. 39885 Cr | *52 W H/L*
(Nirmal Bang Retail Research)
*Result is in line with expectations* - Restructured book doubles to 3.5% although collections witness sharp bounce back by the end of the qtr; thus stress is likely to be transient
Net Interest Income came at Rs. 724 Cr vs expectation of Rs. 660 Cr, YoY Rs. 516 Cr, QoQ Rs. 656 Cr
Non Interest Income came at Rs. 184 Cr vs expectation of Rs. 247 Cr, YoY Rs. 226 Cr, QoQ Rs. 277 Cr
PBP came at Rs. 451 Cr vs expectation of Rs. 403 Cr, YoY Rs. 446 Cr, QoQ Rs. 374 Cr
Provisions came at Rs. 177 Cr vs expectation of Rs. 170 Cr, YoY Rs. 181 Cr, QoQ Rs. 178 Cr
Adj. PAT came at Rs. 203 Cr vs expectation of Rs. 190 Cr, YoY Rs. 201 Cr, QoQ Rs. 169 Cr
Gross NPA came at Rs. 1496 Cr vs QoQ Rs. 1503 Cr at 4.31% vs QoQ 4.25%
Net NPA came at Rs. 766 Cr vs QoQ Rs. 755 Cr at 2.26% vs QoQ 2.18%
Bank has done Rs. 658 Cr of standard restructuring in Q1 taking total restructured book to Rs. 1265 Cr (3.5%).
Although, collections saw sharp pullback as Covid wave-2 flattened; Collection efficiency was at 101% for Q1FY22 and 114% in June month.
Bank prudently made contingency provisions of Rs. 120 Cr during the quarter.
Bank is carrying contingent provisions of Rs. 251 Cr (72 bps)
Quarter EPS is Rs. 6.5
Share is trading at P/E 31.5x FY23 and trailing P/Adj BV of 7.1x
Market Wizard
Mid Term Bumper Call Buy Vedavaag System (BSE - 533056) at CMP of 44 - 45 and dips till 39 Sl 37 Targets:- 47 - 48 - 49 - 50+ Above that we can see 54 - 57 - 61+ Disclaimer:- I am not SEBI Registered. Please consult your financial advisor before investing.
VEDAVAAG 48❤️❤️
GOT ENTRY AT ALL LOWER LEVELS OF 41.25 - 42 ZONE
GOT ENTRY AT ALL LOWER LEVELS OF 41.25 - 42 ZONE