HCL Tech Q1FY22 result
- Net profit of Rs 3,205 Cr, 9.35% up 🔼 YoY
- Total income of Rs 20,323 Cr against Rs 18,137 Cr last year
- Reported an EPS of Rs 11.81
- Total expense of Rs 16,223 Cr against Rs 14,275 Cr a year back
- Net profit of Rs 3,205 Cr, 9.35% up 🔼 YoY
- Total income of Rs 20,323 Cr against Rs 18,137 Cr last year
- Reported an EPS of Rs 11.81
- Total expense of Rs 16,223 Cr against Rs 14,275 Cr a year back
*At the root of this economic catastrophe is a bizarre overnight flip by Rajapaksa’s government on 29 April to ban the import of chemical fertilisers and any other agrochemicals to make the Indian Ocean nation the first in the world to practice organic-only agriculture.*
The result: prices of daily food items like sugar, rice and onions have soared over twice, with sugar even touching record Rs 200/kg; kerosene oil and cooking gas prices are surging; tea crops are predicted to fail in October; and there are fears over a hit to production of other crucial export crops like cinnamon, pepper, rubber, cardamom, cloves, nutmeg, betel leaves, cocoa, and vanilla.
https://theprint.in/world/how-sri-lankas-overnight-flip-to-total-organic-farming-has-led-to-an-economic-disaster/728414/
The result: prices of daily food items like sugar, rice and onions have soared over twice, with sugar even touching record Rs 200/kg; kerosene oil and cooking gas prices are surging; tea crops are predicted to fail in October; and there are fears over a hit to production of other crucial export crops like cinnamon, pepper, rubber, cardamom, cloves, nutmeg, betel leaves, cocoa, and vanilla.
https://theprint.in/world/how-sri-lankas-overnight-flip-to-total-organic-farming-has-led-to-an-economic-disaster/728414/
ThePrint
How Sri Lanka’s overnight flip to total organic farming has led to an economic disaster
President Gotabaya Rajapaksa was forced to impose an economic emergency on 31 August to contain soaring food inflation, and currency devaluation and forex reserves crisis.
Brief thread on CAMS vs HDFC AMC
There are few retail investors having doubt of misunderstanding that CAMS is in same business as HDFC AMC as both look like assets management companies
CAMS is not AMC but its RTA
but they depend on growth of Client's AMC businesses (HDFC MF, Aditya Birla MF etc)
CAMS is RTA, which provides related services that will give constant, regular income - sticky business as mobility is not easy and it is a fraction of cost for AMCs. They are foraying into other areas like payment, etc.
HDFC AMC success is based on getting more customers, good performance of their schemes, competition is flaring up with so many low cost MF schemes launched by competition (Navi, Zerodha, Paytm etc).
As an investor, I am more keen on CAMS - its market leadership, and in general MFs have long growth path ahead. Its akin to a platform business.
CAMS is registrar, while HDFC asset management is a mutual fund house managing their fund schemes
Registrar business is very cumbersome and has entry barriers. CAMS does a bit of MF business side by side ( MF distribution channel ) whereas HDFC AMC is not involved in registrar business.
Cams has 70% market share in MF registry business. NBFC account aggregation and insurance repository are both evolving with long run way ahead.
HDFC AMC are investors in CAMS .
There are few retail investors having doubt of misunderstanding that CAMS is in same business as HDFC AMC as both look like assets management companies
CAMS is not AMC but its RTA
but they depend on growth of Client's AMC businesses (HDFC MF, Aditya Birla MF etc)
CAMS is RTA, which provides related services that will give constant, regular income - sticky business as mobility is not easy and it is a fraction of cost for AMCs. They are foraying into other areas like payment, etc.
HDFC AMC success is based on getting more customers, good performance of their schemes, competition is flaring up with so many low cost MF schemes launched by competition (Navi, Zerodha, Paytm etc).
As an investor, I am more keen on CAMS - its market leadership, and in general MFs have long growth path ahead. Its akin to a platform business.
CAMS is registrar, while HDFC asset management is a mutual fund house managing their fund schemes
Registrar business is very cumbersome and has entry barriers. CAMS does a bit of MF business side by side ( MF distribution channel ) whereas HDFC AMC is not involved in registrar business.
Cams has 70% market share in MF registry business. NBFC account aggregation and insurance repository are both evolving with long run way ahead.
HDFC AMC are investors in CAMS .
VST Tillers Tractors
The company has entered into an agreement with ETG (Export Trading Group), for distribution of its tractors, power tillers, power reapers and diesel engines in the Southern African markets including South Africa, Namibia, Botswana, Zimbabwe, Swaziland, and Zambia.
The company has entered into an agreement with ETG (Export Trading Group), for distribution of its tractors, power tillers, power reapers and diesel engines in the Southern African markets including South Africa, Namibia, Botswana, Zimbabwe, Swaziland, and Zambia.
*Nuvoco Vistas Corporation Ltd.* | *CMP* Rs. 567 | *M Cap* Rs. 20265 Cr | *52 W H/L* 578/471
(Nirmal Bang Retail Research)
*Result Improved*
Revenue from Operations came at Rs. 2203 Cr (-16.3% QoQ, 161.8% YoY) vs QoQ Rs. 2631.6 Cr, YoY Rs. 841.5 Cr
EBIDTA came at Rs. 514.3 Cr (-1.9% QoQ, 318.5% YoY) vs QoQ Rs. 524.1 Cr, YoY Rs. 122.9 Cr
EBITDA Margin came at 23.3% vs QoQ 19.9%, YoY 14.6%
Adj. PAT came at Rs. 114.3 Cr vs QoQ Rs. 37.5 Cr, YoY Rs. -91.4 Cr
Quarter EPS is Rs. 3.4
(Nirmal Bang Retail Research)
*Result Improved*
Revenue from Operations came at Rs. 2203 Cr (-16.3% QoQ, 161.8% YoY) vs QoQ Rs. 2631.6 Cr, YoY Rs. 841.5 Cr
EBIDTA came at Rs. 514.3 Cr (-1.9% QoQ, 318.5% YoY) vs QoQ Rs. 524.1 Cr, YoY Rs. 122.9 Cr
EBITDA Margin came at 23.3% vs QoQ 19.9%, YoY 14.6%
Adj. PAT came at Rs. 114.3 Cr vs QoQ Rs. 37.5 Cr, YoY Rs. -91.4 Cr
Quarter EPS is Rs. 3.4
National Aluminium has declared the dividend of Rs.1 and ex date will be 23rd Sep.