HCL Tech Q2 First cut – Dollar Revenue growth below expectation …Ebit Margin in line…Strong Order book

 

·         Q2 Dollar revenue $2791mn (up 2.6% QoQ) – expectation $2808mn

·         Income Rs20655cr (up 3% QoQ) – expectation Rs20800cr

·         Net profit Rs3265cr (up 1.6% QoQ) – expectation 3100cr

·         Ebit Rs3916cr (up 0.4% QoQ) – expectation Rs4000cr

·         Ebit 19% vs 19.6% (QoQ) – expectation 19%

·         Company expects revenue to grow in double digits in constant currency in FY22

·         EBIT margin is forecast to be between 19.0% and 21.0%.

·         The company won new contracts worth $2,245 million with a net of 14 new large deals during the quarter. It also added a net of 11,135 new employees.

 

HCL tech Q2FY22:

👉$ rev growth at 2.6% vs est 4%. Ebit margins at 19% vs est of 19.3%.
👉Guidance unchanged Revenue expected to grow in double digits in constant currency for FY’22.
👉 EBIT% expected to be between 19.0% and 21.0% for FY’22.

👉 Deal wins improve to $2.7b Vs $1.66 qoq ( Very strong growth on deal win )

MAHINDRA CIE AUTOMOTIVE Q2 : Cons. Net Profit Up 174 % To Rs 166 cr (YOY), Up 22 % (QOQ)

Revenue Up 23 % To Rs 2090 cr (YOY), Up 2 % (QOQ)

EBITDA Up 78 % to Rs 267 cr (YOY), Up 3 % (QOQ)

Indian IT Services exports at ~$170 billion exceed Saudi Arabia's total oil exports in value

IBULL REAL Q2

Cons. Net Profit Of Rs 5.53 cr V Rs 76.49 Cr Loss (YOY), Up 16 % QOQ

Revenue Up 1654 % To Rs 349 cr (YOY), Down 33 % (QOQ)

EBITDA Of Rs 22.18 cr V Rs 41 cr loss (YOY), Down 45 % (QOQ)

*FII and DII Trading activities as on 14Oct 2021*
FII F&O (Net)+2926.90Cr
FII INDEX FUTURES+1326.80Cr
FII INDEX OPTIONS+1898.18Cr
FII STOCK FUTURES-54.16Cr
FII STOCK OPTIONS-243.92Cr
FII CASH+1681.60Cr
DII CASH-1750.59Cr

Sources Say Nykaa receives
SEBI approval for its IPO with a size of nearly ₹4,000 cr. Nykaa to raise ₹525 cr via fresh issuance of equity

Co likely to be valued at over ₹40,000 cr, reports

Coal India : Coal India is down 3% after reports says that the co has asked subsidiaries to refrain from e-auction of coal for non-power cos.

Godrej Agrovet at 640, when market is all time high and quality is hard to find at a reasonable price you cannot miss godrej agrovet;

1. Being owned by godrej is the biggest moat
2. No. 1 palm oil producer of India
3. No. 1 supplier of chicken feed, cattle feed and aqua feed.
4.Owns Jersey, a South India based dairy company
5. Parent company of astec lifescience
6. Into agrochemicals and pesticides
7. Maxximilk - leader in cattle breeding
8 . Owns fmcg brands such as yummies and real good chicken

CALIFORNIA SOFTWARE Q2 : cons. Net Profit Down 9 % To Rs 2.68 cr (QOQ), Up 1476 % (YOY)

Revenue Down 4 % To Rs 3.35 cr (QOQ), Up 509 % (YOY)

Mobile based internet ads set to grow massively in India in the next 4-5 years.

Internet advertising: India is the fastest-growing Internet Advertising market in the world at a CAGR of 18.8% during 2020-2025. Growth in mobile ad revenue overtook wired revenue in 2019 and is expected to be 74.4% of the total internet advertising revenue of INR 30471 Cr by 2025. In 2020 revenue from mobile internet advertising in India was INR 7331 Cr and will rise to INR 22350 Cr in 2025 – increasing at a 25.4% CAGR. This makes India the fastest-growing mobile ad market in the world, reflecting the potential for growth, with over half the population yet to take up a mobile Internet subscription in 2020.


https://www.businessinsider.in/advertising/media/article/india-is-the-fastest-growing-internet-advertising-market-in-the-world-at-a-cagr-of-18-8-during-2020-2025-pwc-report/articleshow/84340058.cms

LIBAS CONSUMER Q2 : Cons. Net Profit Up 141 % To Rs 2.63 cr (YOY), Up 38 % (QOQ)

Revenue Up 37 % To Rs 19.7 cr (YOY), Up 63 % (QOQ)

EBITDA Up 100 % To Rs 3.74 cr (YOY), Up 29 % (QOQ)

SEBI cleared 4 IPOs this week :

1. Nykaa

2. Adani Wilmar

3. Penna Cement

4. Star Health Insurance

*Investors may please note that there is Shareholder Quota in Adani Wilmar IPO and parent company is Adani Enterprises.*