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Kia India Posts 14.43% Yearly Sales Growth in May 2025
Business, Equities, Market News, Markets, Research, Result Updates - August 1, 2022

Cipla Q1 results: Lower Covid-19 drug sales to hamper revenue growth

Cipla Q1 results: Lower Covid-19 drug sales to hamper revenue growth

 

Cipla reported a net profit of Rs. 686.40 crores foe the quarter ended June 2022, slipped by 3.96% YoY from Rs. 714.72 crores. However, the net profit jumped sequentially from Rs. 362 crores, up by 89.6%. Consolidated revenues for the company stood at Rs. 5,375 crore, fell by 2% YoY compared to Rs. 5,504 crores . The fall in revenue was due to normalisation in the share of Covid-19 drugs in the branded prescription business. On a sequential basis, the revenue is higher by 2.2% from Rs 5,260 crores in the previous quarter.

 

There were no exceptional items for the June quarter under review. However, there were exceptional items of Rs. 57.50 crores in the previous quarter and Rs. 124.6 crores in the year-ago quarter.

Other income increased to Rs.103.43 crores as compared to Rs.64.02 crore in March and Rs. 64.93 crore in the same quarter last year.

 

Continued core portfolio momentum across businesses.

 

The Indian business grew by 9% driven by core brands, wellness portfolio, and growth in trade generics in the tier-2 to tier 6 cities,after excluding the covid drugs.

Cipla’s revenues from its North American business rose by 10% to $155 million, led by respiratory and peptide assets.

Overall  South Africa region declined by 10% on a YoY basis in USD terms. Strong demand continues with South Africa private business continuing to outperform market.

Strong Direct to Market (DTM)  growth across geographies; offset by forex volatility in emerging markets and muted B2B demand in Europe.

R&D investments stands at Rs. 274 crores or 5.1 % of sales; Higher 4% YoY driven by ongoing clinical trials on a respiratory asset and other developmental efforts.

 

EBITDA (earnings before interest, tax, depreciation and amortization) for the quarter fell by 15% YoY to Rs 1,143 crores while on a sequential basis, it improved by 50%. However, the previous quarter EBITDA included a one-time COVID inventory and other charges.

Cipla reported operating profitability of 21.3% which is well within its full year guidance of 21-22 percent range but on a YoY basis, the margins are down 318 bps.

 

The net margins however, were down 22 bps on year to 12.8% led by higher other income and lower tax expenses. The company’s cost rigor and calibrated pricing actions have helped offset inflationary cost elements, insulate margins while maintaining high serviceability.

 

On  01th August 2022, the stock is trading at Rs. 1003.15 as compared to the previous close of Rs. 977.40, up by 27.60 points or by 2.82. The stock opened at Rs. 990. The market cap of the company is Rs. 81,102 crores.

 

Valuations:

The debt to equity ratio (D/E) for the quarter ended June 2022, stood at 0.05. The total debt increased from RS. 1056 crores in the March quarter to Rs. 1084 crores in the June quarter. The return on equity (ROE) and return on assets is 13.9% and 10.3% respectively. The price to earning (P/E) ratio stood at 32.2  . The price to book value of Cipla Ltd is 3.84. There is a growth in free cash flow generation led  by prudent working capital management and optimised capex drive. Net cash positive position continues this quarter reflects strong capital structure. The cash balance of June quarter is Rs. 5211 crores from Rs. 4965 crores in the previous quarter.

 

 

 

 

 

 

 

Infosys reports a net profit of Rs.5,350Cr. in Q1 FY23. 

 

L&T Technology Services Ltd Q1 Results Update.

 

HUL Q1 FY23 Result Update: HUL beats estimates with Rs 2,381-cr net profit in Q1; revenue up 19.6%

 

 

 

 

 

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Business, Markets, Result Updates - July 30, 2022

Chalet hotels reports a massive jump in the revenue:

Chalet hotels reports a massive jump in the revenue:

Chalet Hotels posted a net profit of Rs.28.55 Cr. in June 2022, compared to a loss of Rs.41.66 Cr. YOY. The company clocked up net revenue of Rs.253 Cr., up by 263% versus Rs.69.52 Cr. in June 2021 due to robust growth and higher rental incomes. The operating profit stood at Rs.102 Cr., which was up by 11% from March 2022. The Occupancy rate (OCC %) stood at 78% for the June quarter, compared to occupancy of 60% in March 2022. The Average Daily rate (ADR) was at Rs.7457 for the June quarter, higher by 37% from the preceding quarter. The domestic business travel increased by 100%, increasing profit

 

Cost reductions to increase efficiency:

The firm decreased its staff to room ratio to 0.84 from 1.18 in Q1 FY21. The division’s revenue was 5% higher from Q1 FY20 than in the pre-pandemic year. This was due to a strong recovery in business travel in the current quarter. The Revenue per room available (RevPAR) stood at Rs. 5,816/-in Q1 FY23 compared to 2,973/-in Q4 FY22 and Rs.1,252/-in Q1 FY22. EBITDA margins for the quarter were at 42%. The company reversed 16.6 million of its provisions. Hospitality sector revenue was up by 5% from June 2021 and 2.5% from the March 2022 quarter. Fixed costs were at 48% for the June quarter and reduced by 33%. Variable costs were reduced by 42% to increase operating leverage. The total number of rooms for June 2022 was 2,554 rooms.

The average payroll cost was 13%, down from 15% in the previous quarter. Renewable energy sources accounted for approximately 61% of total energy costs. The hotel intends to open a new hotel in Mumbai, which will be operational within a couple of months. They will also be upgrading the Bangalore hotel, which will be operational by December. Chalet Hotels were awarded a contract by DIAL, a good opportunity to debut in the northern Indian markets. They intend to have their 9th property with 350 to 400 rooms in the five-star deluxe space. A majority of the inventory came from metropolitan cities. It will give them entry to a major market in India.

The management is optimistic about its future opportunities and has witnessed a strong recovery trend. There is a potential area for innovation and change in the hospitality sector. Given the ongoing supply chain disruption and the surge in crude oil prices, we believe investors should wait for Q2 FY23 results before taking any further action.

Valuations:

The 5yrs P/E ratio is at -21.6 times and the stock P/E 33.34 times. The P/B ratio is at 4.86 times for Q1 FY23. The ROCE for Chalet hotel is at -0.12% with a Debt to equity ratio of 1.94% indicating that the company is borrowing more from the market to fund its operations. The ROE for the scrip was -5.35% .The share prices closed at Rs. 318 on Friday, down by 3.05%. It touched a 52-week high of Rs. 345 and a 52-week low of Rs. 159. The market cap for the company is at Rs. 6,507 cr.

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Godha Cabcon & Insulation Reports Q1 2026 Results
Banking, Business, Equities, Market News, Markets, Research, Result Updates - July 30, 2022

HDFC Limited Q1 FY23 Result Update: Individual loan book strengthens, NII misses estimates.

HDFC Limited Q1 FY23 Result Update: Individual loan book strengthens, NII misses estimates.

Housing Development Finance Corporation Limited reported net profit of Rs. 3,669 crores compared to Rs. 3,001 crores, representing a growth of 22% YoY. The drag on net profit was due to increase in provisions, which went up to Rs 510 crore for the June quarter from Rs 450 crore in the March quarter.

The company recorded net interest income (NII) of Rs. 4,447 crores as compared to Rs. 4,125 crores estimated by the analysts. The monetary policy and interest rate actions have had a short-term impact on the net interest income and to a slightly lesser extent on the net interest margin. This has been due to the transmission lag between the interest rate increase in borrowing costs and the increase in lending rates.

In the corresponding quarter of the previous year, due to the second wave of COVID-19, there was ample liquidity in the system and consequently, overnight interest swap rates fell to very low levels, thus expanding Net Interest Income (NII) and Net Interest Margin (NIM). The reported NIM during the quarter ended June 30, 2022 was 3.4%

On account of volatile equity markets, the net gain on investments fair valued through the profit and loss account stood at Rs. 8 crore (PY: ₹ 402 crore)

Dividend income stood Rs. 687 crore (PY: Rs. 16 crore) and Profit on Sale of Investments Rs. 184 crore (PY: Rs. 263 crore).

Non-interest expense ratios were higher largely due to an increase in upfront expenses on staffing, loan processing, branch expansion and information technology to enable meeting the increased demand for home loans. These expenses have been incurred upfront, though benefits will accrue over the ensuing quarters.

On an AUM basis, the growth in the individual loan book was 19%. This marks the highest percentage growth in the individual loan AUM in 8 years.

Disbursements surged during the quarter to Rs 42,000 crores. Individual loan disbursals grew by 66% YoY. The affordable housing loan segment showed a healthy growth of 10% for the June quarter, however, lower than the 14% growth seen a year ago.

The lender holds Rs 13,328 crore or as total provisions against potential delinquencies.

HDFC’s provision coverage ratio remains high. Gross bad loans improved to 1.78 percent of the total loan book for the reported quarter from 2.28 percent in the year-ago period. This was due to a fall in delinquencies in the non-individual loan book and also resolutions.

Delinquencies in the non-individual loan book fell to 4.44 percent for the June quarter from the peak of 5.05 percent in the December quarter of FY22. In the March quarter, delinquencies were at 4.77 percent. Those of the individual book, too, marginally improved to below 1 percent.

The mortgage lender’s revenue from operations increased 13.5% to Rs 13,240 crore as compared to Rs 11,657 crore in Q1 FY22.

The demand for home loans and the pipeline of loan applications remains strong for the quarter. Growth in home loans was seen in both, the middle income segment as well as in high end properties, with 92% of new loan applications received through digital channels.

The average size of individual loans stood at Rs 35.7 lakh compared to Rs 33.1 lakh in FY22. Individual loans comprise 79% of the AUM.

 

After the announcement of the result the shares of the company closed at Rs. 2377.80, up by 40.25 points or by 1.72% as compared to the previous close of Rs. 2337.55. The stock opened at Rs. 2356. The market cap of the company is Rs. 431,444 crores.

 

Valuations:

The cost-income ratio for the quarter ended June 30, 2022, stood at 9.5%. The Corporation’s capital adequacy ratio (CAR) stood at 21.9%, of which Tier I capital was 21.4% and Tier II capital was 0.5%. As per the regulatory norms, the minimum requirement for the capital adequacy ratio and Tier I capital is 15% and 10% respectively. The debt to equity (D/E) ratio is 2.83. The return on earnings (ROE) stands at 13.4%. The company’s net interest margin (NIM) is 3.4% during the quarter. The price to earning ratio (P/E) of the company is 18.9. The price to book value (P/B) of HDFC LTD is 2.40.

 

 

 

 

Tech Mahindra Q1 Result Update: Net profit falls 16% to ₹1,131.6 cr; revenue rises 25%

 

 

CANF net profit at Rs.162.21Cr. in Q1FY23.

 

 

 

 

 

 

 

Infosys reports a net profit of Rs.5,350Cr. in Q1 FY23. 

 

L&T Technology Services Ltd Q1 Results Update.

 

HUL Q1 FY23 Result Update: HUL beats estimates with Rs 2,381-cr net profit in Q1; revenue up 19.6%

 

 

 

 

 

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Nestle India reported a net profit of Rs. 515 crores:
Business, Equities, Market News, Markets, Research, Result Updates - July 29, 2022

Tech Mahindra Q1 Result Update: Net profit falls 16% to ₹1,131.6 cr; revenue rises 25%

Tech Mahindra Q1 Result Update: Net profit falls 16% to ₹1,131.6 cr; revenue rises 25%.

 

On 25th July 2022, Tech Mahindra Limited reported a net profit of Rs. 1,131.6 crores and fell by 16.3% YoY from Rs. 1353.2 crores. The fall in the net profit was driven by the high costs. Sequentially the net profit declined by 24.8% QoQ from Rs. 15.5.6 crores.

However, the revenue beats the estimates. The company reported the revenue of Rs. 12,708 crores for the June quarter, up by 24.6% YoY from Rs. 10,197 crores. The revenue was up by 4.9% QoQ over Rs. 12116.3 crores. Dollar Revenue was up 1.5% QoQ and in CC term grew by 3.5% QoQ to USD 1,632 million. Rupee revenue grew by 4.9% QoQ to Rs.  1,27,07.9 crores driven by growth in communication, enterprise at 3.9%, 3.2% in constant currency term,

Technology, retail, manufacturing verticals registered healthy growth of 6.3%, 5.7%, 4.3% QoQ, while BFSI declined by 2.7% QoQ due to currency headwind.

 Earnings before interest, taxes, depreciation and amortization stood at ₹1,880 crore, slipped by 10% QoQ from and up by 0.2% YoY.

The company recorded earnings before interest and tax of Rs. 1403.4 crores and slipped by 9.2% YoY from Rs. 1545.3 crores and down by 12.5% QoQ from Rs. 1604.2 crores.

EBIT margin for the quarter is 11% compared with 13.2% in the previous quarter and 15.2% in Q1 FY 22. The margins were down due to a partial wage revision, lower utilization, and a normalization in SG&A spend.

DSO increased by 3 to 100 sequentially. Nearly 75% of the increase is due to currency movement.

The total contract value (TCV) came in at $802 million down 21% YoY. Sequentially, TCV was down by 1.6% from $1,011  million. The TCV in Q1 FY22 was $815 million.

The company hired 6,862 freshers in the June quarter as compared to 6,106 in Q4FY22. Net headcount is at 158,035, up 6,862 QoQ. Attrition for the June quarter fell to 22% from 24% in the March quarter but was higher than 17% in the year-ago quarter.
The number of clients in the $50 million-plus bracket is at 23. Clients in the $20 million-plus bracket soared to 60 from 54 sequentially and in the $10 million-plus bracket to 104 from 97.
Headcount of software professionals increased by 26% YoY to 88,030. Sales and support and BPO professionals also improved YoY by 28.2% and 23.6%, respectively.
The shares of the company are currently trading at Rs. 1054.15, up by 16.60 points or by 1.53% as compared to the previous close at Rs. 1038. The stock opened at Rs. 1055. The market cap of the company is Rs. 102,569 crores.

 

 

 

 

 

 

 

 

 

 

 

Infosys reports a net profit of Rs.5,350Cr. in Q1 FY23. 

 

L&T Technology Services Ltd Q1 Results Update.

 

HUL Q1 FY23 Result Update: HUL beats estimates with Rs 2,381-cr net profit in Q1; revenue up 19.6%

 

 

 

 

 

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REC Board Greenlights ₹1.55 Lakh Crore Bond Fund!
Business, Uncategorized - July 28, 2022

How Green Bonds Work?

How Green Bonds Work?

 

Stakeholders around the world are worried that the Earth’s biodiversity is being destroyed irreversibly. People have a shared conviction that the natural world on Earth has been irreversibly harmed. This is true that we are all affected by climate change. It’s also true that the planet will soon vanish from dwindling natural resources, such as oil and other fossil fuels. It is therefore imperative that corporations begin to invest in environmentally friendly ventures. Business people all over the world are worried about future returns from investing in green projects. The green bonds idea has thus been implemented to help organizations, without exerting excessive pressure on their budgets, and control their push towards sustainability. After all, businesses prefer to be cost-effective rather than environmentally friendly.

 

What is it?

A green bond is mainly a debt financial instrument. It is not financially very different from other bonds. In this debt financial instrument, there is fixed income and pays as per coupon rate. These bonds are unique as they are used exclusively to finance green projects and green initiatives. This can be a new green project built from scratch or an existing project turned into environmentally friendly standards. In 2007, the European Investment Bank opened the world in issuing green bonds. At first, the major problem was issuance size as these bonds issuance size was very small. More investors and organizations have shown attraction in this financing instrument over a period of time. As a result, these bonds now have a healthy primary and secondary market.

 

Benefits:

Worldwide investors queue to purchase green bonds. All these can be seen by the fact that almost all the green bond issues till today’s date observed an over-subscription. The most obvious benefit of green bonds is that they provide financing at relatively small levels for environmentally friendly projects. Secondly, as part of corporate social responsibility, investors are willing to invest in these ventures. They could even point out that they have invested in improving the environment that gives them excellent goodwill in the local community and local market.

Finally, it is easy to track all the green projects that are carried out worldwide. This makes reporting easier in all global summits and provides data and by this world leaders can make choices rather to invest in these ventures or not. Investment in these ventures is subject to various tax cuts. These tax exemptions vary from country to country. However, almost every country that has signed environmental agreements such as the Paris Agreement tends to get tax benefits.

 

Issuance Process:

The first step in issuing green bonds is to identify the project. It is important that a third party examines and certifies the project. This ensures that the project is based on low emissions of carbon. The bond issuer has to define projects that obtain funds from the issuance of green bonds clearly. Things must also ensure that even activities that are not directly linked to the project and are not in any manner polluting the environment. The projects list must then be forwarded to a third party verifier. These companies are usually world-renowned credit rating agencies.

They test the details provided by the issuer and then confirm that the ventures/projects are indeed environmentally friendly. This certificate is required for bonds to be referred to as green bonds. The developer will keep track of the environmental effects of the project continuously. Even if the project in the middle of its operation is not compliant, the same must be reported to the standard board. In the absence of these details, legal action against the misrepresentation by investors can be undertaken.

 

Challenges:

Firstly, even though the issuer can receive funding at a lower interest rate, it needs to make a substantial investment at an early stage. Issuance of green bonds have long and tedious process. Multiple parties have to participate in the issuance process and all these parties must therefore be paid. This offsets the perks of financial support for smaller projects and small ventures. Green bonds can therefore be used cost effectively only if the project have a massive scope and bond issuance size is very big.

Furthermore, there is no simple grading scheme that determines project is completely green. For these problems, different agencies have multiple interpretations. A series of standard guidelines and terminologies is needed to develop green bonds. Bonds that provide greater environmental benefits will have greater tax benefits and less financing costs. Only then, the big companies and investors can invest funds enormously in these projects and ventures.

In a nutshell, green bonds are a revolutionary concept in order to fund environment friendly ventures and projects. Nevertheless, they are still in an evolving stage and must be further recognized.

Credit risk funds. Should you invest?

 

 

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Eternal Q2 FY26: Revenue Explodes, But Profit Takes a Hit As Costs Surge
Business, Currency - July 27, 2022

Forex Trading vs. Regular Trading.

Forex Trading Vs. Stock Trading.

 

The Forex Trading and Stock Trading market:

Forex Trading vs Stocks Trading will allow you to choose the best market suitable for an investor to trade. Traders frequently compare Forex versus Stock to see which market is better for trading. Even though it is interconnected, the forex market and the stock market differ greatly. In the minds of others, the forex market has specific features that make it much more appealing to trade. If you want to trade in the market, it is important to know which trading style is the best for you. But understanding the stock and expected market variations and similarities, often helps traders to make informed trade decisions. It is based on factors such as market conditions, liquidity in the market, and size.

 

Comparison between Forex and Stock Market:

 Both the Forex market vs. the Stock market, have advantages and disadvantages. It comes down to the importance of these features for you personally. Let us first look at an overview of each market, and then logically deduce about Forex Market trading Vs. Stock Market trading. There is no regulator body in the Forex market and is decentralized. Forex Market represents an international trading network of members all over the globe. Well-known Investment banks, several central banks, and commercial companies are the main players in the Forex market.

The stock market has a mixed group of buyers and sellers of stocks which includes individual investors to big companies. As the name suggests, shares of a company are offered in a share market in terms of ownership. These transactions are typical, through stock exchanges. Most corporations choose to float their stock shares to raise capital. The stock exchanges provide the buyers and sellers with a clear, transparent, controlled, and convenient marketplace to trade.

Trading on such exchanges has traditionally been carried out by “open outcry”. But the trend toward electronic trading is high in recent years. However, it is not larger than the Forex market, which is the world’s largest financial market. When the Forex market is weighed against the stock market, the Forex market has more weightage. Why are we interested in the size? The most important factor is, that the bigger the Forex market, the higher its liquidity.

 

The volume comparison:

The size of the Forex market is one of the main disparities between Forex and Stocks. It is a focused trade on pairs like AUD-USD, USD-JPY, EUR-USD, and GBP-USD. The stock market value including all the world’s financial markets is about 200 billion dollars a day on average. A large amount of trading will offer traders many advantages. High volume means that traders can typically make their orders faster and nearer to their desired rates. Although, all markets are vulnerable to shortages, at any price point more liquidity. Allowing traders to enter and leave the market.

 

The Liquidity comparison:

A high-volume market normally has high liquidity. Liquidity results in narrower spreads and lowered costs in transactions. In contrast to stocks on the stock exchange, large Forex pairs typically have relatively small spreads and small transaction costs, which are one of the key benefits of dealing in the Forex market over the equity markets.

 

The trading timing comparison:

The Forex market is a 24-hour market and has no central location. There is always a part of the globe which has the market open and is during business hours. The trading of a listed stock is limited and has specific timings. Stock traders have to stick to stock exchange hours. Several major exchanges have however implemented some form of extended business hours. Stock traders may participate during times of pre-market and post-market trading. This was once only the area of institutional investors. The development of electronic trading has also made retail investors more accessible. Extended trading hours remain significantly low and non-liquid. When contrasting volumes over 24 hours, Forex is again winning. If you want to trade at any given time, it’s easy to compare the Forex market vs. the Stock market and the Forex market is the clear winner.

 

The No commission Forex market:

The main advantage of the Forex market is that it does not involve brokers and does not have any commissions. Spread is the difference between the purchase and sells price which is income to the Forex intermediaries. There is no broker’s charge in the Forex market. Even Forex intermediaries get benefits if they bear risks.

 

The Market focus comparison:

Perhaps a significant difference in Forex markets vs. Stocks markets is the aim of the trader. When you look at a single share in the stock market, you can focus on a relatively small selection of variables. While you may be aware of broader trends in the market, factors affecting the company will be the major look outlook out along with market forces in its specific sector will be more important. Relatively small factors will be of major importance such as the business debt levels, cash flows of the firm and earnings outlook, etc.

The focus is broader with the Forex market. A currency represents the entire economy’s aggregate performance. Consequently, Forex traders are more involved in macroeconomics. The emphasis will be more on general indicators such as unemployment in the country, inflation, and GDP than on the output of the particular sector. If you exchange a Forex pair, you trade two currencies simultaneously. A fundamental trader, therefore, contributes not only to the output of one country but also to two.

 

The conclusion:

The fact of the matter is that of trade is, always stick to what works and go for what fits best for you. If you understand more about one business than the other and have good knowledge about one business then, of course, you are more interested in individual firms and trading stocks will make sense for you. When you think more about macroeconomics, Forex market trading can be better for you. If you don’t have a specific habit but are conscious of transaction fees, Forex market trading might be the way to go.

 

 

Delta Corp – Chances of jackpot for investors increasing

 

 

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Dalmia Bharat Reports Disappointing Q3 Results, Sees Limited Short-Term Growth
Business, Equities, Market News, Markets, Research, Result Updates - July 27, 2022

UltraTech Cement Q1 Results: Profit falls 7% YoY to Rs 1,582 crore but beats estimates.

 

UltraTech Cement Q1 Results: Profit falls 7% YoY to Rs 1,582 crore but beats estimates.

 

UltraTech Cement reported net profit of Rs 1,582 crore for Q1FY23, 7.45% YoY lower than Rs 1,700 crores. However, the net profit managed to beat analyst expectations of Rs 1,214 crore. The bottom line fell by 35.6% QoQ from Rs. 2460.5 crores.

UltraTech’s revenue was higher by 28.2% YoY in the June quarter at Rs 15,163.98 crore as against Rs 11,829.84 crore reported in Q1 FY22. Revenue figure also managed to beat the Street as an ET NOW poll had estimated the figure at Rs 14,238 crores. The top line was down by 3.8% on a QoQ basis.

The company achieved capacity utilisation of 83% as compared to 73% during the quarter. Domestic sales volume increased by 19% YoY basis. The demand for cement was affected due to overall inflationary trends and lower labour availability in May 2022. However, the demand for cement grew in June 2022 on pre-monsoon construction activity.

The June quarter witnessed volume growth of 17% YoY and revenue growth of 34% YoY. The raw material cost increased 13% YoY. Domestic sales volume improved by 19% on a year-on-year basis.

The volumes saw strong traction over the low base of last year and the price hikes taken by the company enabled improvement in realizations which increased revenue growth. The profitability is affected by the rise in power and fuel costs.

Ultratech’s consolidated cement sales volume grew by 16.3% YoY to 25.04 MT in Q1FY23 led by healthy demand across segments like road infrastructure, realty and metro projects. Capacity utilization stood at 83% in Q1FY23 against 90% in Q4FY22. Blended realisations grew 10.2% YoY/6.4% QoQ to INR 6,056/ton as company took price hikes in key markets. Prices in Q1FY23 has gone up in double digits in Central/North, 5-6% in East/West and was flat in South.

The other income for the quarter slipped by 47% at Rs 108.7 crores as compared to Rs 205 crores in Q1 FY22. The other income during the March quarter was lower at Rs 92.4 crore.

The rise in the pet coke and crude prices resulted in a significant surge in the power & fuel cost for the company which jumped 595 bps compared to 26.5% as percentage of revenue in Q1 FY22. Compared to the March quarter, the cost of power & fuel is higher by 130 bps.

Other expenses increased by 24 bps to 12.2 percent of total revenue. The company saved on the costs of employees and freight & forwarding costs which decreased 74 bps and 69 bps respectively in Q1 FY22. The employee cost as percent of revenue increased by 22 bps while freight fell by 36 bps OoQ.

EBITDA declined by 6.4% YoY to Rs. 30,94.9 crores due to higher input cost. Though on QoQ basis EBITDA saw a marginal growth of 0.7%. EBITDA margin contracted by 755 bps YoY to 20.4%, though on QoQ basis margin expanded by 92 bps. Margin contraction on YoY basis was mainly due to 65.3% YoY rise in Power & Fuel costs along with 57.4% YoY higher raw material costs and 24.3% YoY higher logistics costs.

EBITDA margin contracted by 755 bps YoY to 20.4%, though on QoQ basis margin expanded by 92 bps. Margin contraction on YoY basis was mainly due to 65.3% YoY rise in Power & Fuel costs along with 57.4% YoY higher raw material costs and 24.3% YoY higher logistics costs. EBITDA/ton saw a decline of 19.6% YoY to INR 1,236, though on QoQ basis it grew by 11.4% as pet coke and fuel prices started softening from their peak.

The shares of the company are currently trading at Rs. 6539.90, up by 141.20 points or by 2.27% as compared to the previous closed at Rs. 6399.35. The stock opened at Rs. 6390.30. The market cap of the company is Rs. 189,000 crores.

 

 

 

 

 

 

 

Infosys reports a net profit of Rs.5,350Cr. in Q1 FY23. 

 

L&T Technology Services Ltd Q1 Results Update.

 

HUL Q1 FY23 Result Update: HUL beats estimates with Rs 2,381-cr net profit in Q1; revenue up 19.6%

 

 

 

 

 

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Liquidity is a major concern in the Indian Banking Sector
Business, Markets, Result Updates - July 27, 2022

Axis Bank’s net profit was up by 91% in Q1 FY23.

Axis Bank’s net profit was up by 91% in Q1 FY23.

Axis Bank reported a net profit of Rs. 4,125 Cr. in the June 2022 quarter, a jump of 91% from the June 2021 quarter at Rs. 2160 Cr. The advances stood at Rs. 7.01 lakh crore, up by 17% from June 2021. However, the advances were down by about 7.07 lakh crores from March 2022.

In Q1 FY23, NII increased by 20.9% year on year to Rs. 938 Cr. NIM stood at 3.6%, improved by 11 bps QoQ and by 14 bps YOY. The PPOP was at Rs. 588 Cr., with a decline of 8.2% YOY. The fee income was at Rs. 357 Cr. in June 2022, up by 34% YOY. The provisions for the quarter stood at Rs. 359 Cr. The street is disappointed with the loan growth for the June 2022 quarter, down by 7.5% QOQ and 43.5% YOY at Rs. 368 Cr. The gross slippage ratio was at 2.05%, declining by 20 bps YOY and 33 bps QOQ. 45% of the gross slippages were contributed by borrowers’ linked accounts, which were standard. The GNPA and NNPA ratios improved and stood at 2.7% and 0.64%, respectively.

The PCR ratio was at 77% for the quarter. We believe that the asset quality will be constant and improve in the near future. The cost to income ratio stood at 52.5% for the June 2022 quarter at Rs. 357 Cr. and we expect the ratio to increase due to investments in technology. While income growth is expected to improve, The bank is focused on the three core areas: deepening performance culture, strengthening the core and building for the future. It continues to invest in the SME space, extending its distribution and service across India. On Citibank customer business integration, Axis Bank is waiting for CCI approvals and expects to close transactions. 69% of the bank’s loan book is floating rates, which will rise in the policy tightening environment.

The stock price closed at Rs.719.05 and touched an intraday high of Rs.707 and a low of Rs.703. The market capitalization for the bank is Rs. 2.21 lakh cr. The 52-week high was at Rs. 866 and the 52-week low was at Rs. 618.25.

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Kia India Posts 14.43% Yearly Sales Growth in May 2025
Business, Equities, Market News, Markets, Research, Result Updates - July 26, 2022

Wipro Q1 FY23 Result Update: Profit falls 21% YoY to Rs 2,563 crores.

 

Wipro Q1 FY23 Result Update: Profit falls 21% YoY to Rs 2,563 crores.

On 15th July 2022, Wipro reported its profit at Rs 2,563 crore, down by 20.9% year-on-year from Rs. 3,243 crores on account of higher employee-related costs pushed up the information technology services firm’s overall expenses. Total expenses for the June quarter increased by 22.9% to Rs 18,648 crore, with voluntary IT services attrition at 23.3%. On a sequential basis, the company’s net profit fell 16.96% from ₹3,083.7 crores in the March quarter.
The operating margin for Q1 FY23 is 15% as compared to 17.2% in Q1 FY22 and 17.2% in Q4 FY22. The low operating margin is because the company is investing in solutions and capabilities to strengthen its position as a strategic partner for its clients. In constant currency (CC) terms, IT services segment revenue increased by 2.1% QoQ and 17.2% YoY.
Revenue from operations grew by 18% to Rs 21,529 crore as against Rs 18,048 crore in Q1FY22. The revenue increased by 3.2% QoQ from Rs. 20860 crores.
The Earnings before interest and tax stood at Rs. 3085.6 crores, fell by 9.3% QoQ from Rs. 3402.9 crores and by 1.8% YoY from Rs. 3141 crores. EBIT margin fell 200bp QoQ to 15% due to lower utilization and higher investments in employees.
The total number of employees increased to 2.58 lakh with the addition of 15,446 employees during Q1 FY23. Wipro’s attrition rate stood at 2.3%.The closing strength of employees for IT Services was at 258,574, an increase of 15,446 QoQ.
Dollar Revenue was up 0.5% QoQ in CC term to USD 2,736mn. Rupee revenue grew by 3.2% QoQ to INR 215,286Mn, supported by growth in consulting and engineering services. Sequential growth performance was led by the consumer (+5% QoQ CC) & BFSI verticals (+2.4% QoQ CC), which grew above the company average, while manufacturing declined sequentially. Digital engineering and application grew faster (+3.5% QoQ) than iCORE. In IT Services. Organic growth witnessed softness in deal wins; BFSI, Consumer and Telecom Verticals are the key revenue drivers for the quarter. Wipro won 18 large deals in Q1FY23.Overall TCV of deals grew 32% YoY and ACV grew by 18% YoY. Deals were across verticals/geographies and the proportion of the deal wins are mostly new deals. The company’s order bookings grew 32% YoY in total contract value terms, powered by large transformation deals, and the pipeline today is at an all-time high. In terms of sector mix, Wipro earns 35.4% of its revenue from banking, financial services, and insurance, 18.5% in consumer, and 11.5% in health.

The Earnings Per Share for the June quarter was Rs. 4.69.
The shares of Wipro are currently trading at Rs. 414.80, up by 1 point or by 0.96% as compared to the previous close of Rs. 410.85. The shares opened at Rs. 410.50. The market cap of Wipro is Rs. 227,381 crores. The stock hit intraday high and low of Rs. 415.65 and Rs. 408.55 respectively.

 

 

Infosys reports a net profit of Rs.5,350Cr. in Q1 FY23. 

 

L&T Technology Services Ltd Q1 Results Update.

 

HUL Q1 FY23 Result Update: HUL beats estimates with Rs 2,381-cr net profit in Q1; revenue up 19.6%

 

 

 

 

 

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HUL Q1 FY23 Result Update
Business, Equities, Market News, Markets, Research, Result Updates - July 26, 2022

HUL Q1 FY23 Result Update: HUL beats estimates with Rs 2,381-cr net profit in Q1; revenue up 19.6%

 

HUL Q1 FY23 Result Update: HUL beats estimates with Rs 2,381-cr net profit in Q1; revenue up 19.6%

 

HUL reported a net income of Rs. 2,381 crores, up by 13.5% YoY from Rs. 2,097 crores. The net income increased by 3.4% QoQ from Rs. 30,640 crores. The company’s performance in the June quarter was led by market share gains in various categories and a jump in sales by volume even as reduced the weight of some packaged products.

The company’s revenue increased by 19.6% YoY to Rs. 14,357 crores in Q1 FY23 as against Rs 12,004 crores in Q1 FY22. The company reported 6.2% QoQ growth in revenue from Rs. 13,767 crores. The underlying volume growth was 6.0% YoY. The YoY revenue growth has been robust across segments. Home Care, Beauty & Personal Care (BPC), Foods & Refreshment (F&R) segments have seen YoY growth of 29.8%, 17.9%, 9.3%  respectively. BPC segment growth was ahead of market growth with premium segments seeing strong growth. Within the F&R segment, ice-creams had a strong quarter while coffee and foods performed well, and tea portfolio performance was stable.

EBITDA stood at Rs. 34,02 crores (+16.5% YoY/ +3.1% QoQ). EBITDA margins were at 23.3%, a decline of 69 bps YoY and 71 bps QoQ. The decline in gross margins was partly offset by pricing actions and optimizing all non-consumer costs.

Other income was higher in Q1FY23 due to higher commission from GSK and government grants. Employee costs declined on a YoY basis due to growth leverage and high base of Q1FY22 which had covid related expenses.

For the June quarter the EBIT stood at Rs. 3121 crores, up by 17.3% YoY and 3.2% QoQ. EBIT margins were flat YoY as the cost inflation was offset by cost savings, operating leverage from high growth and price increases. BPC EBIT margins declined 167 bps YoY impacted by the high inflation. F&R segment EBIT margins declined by 214 bps YoY due to adverse mix as ice-creams which is a lower margin category had a strong quarter.

HUL’s performance is a result of market outperformance, which in turn is a result of large players benefitting from inflation in commodity-sensitive categories and, continued work on category development (both formats and premiumisation). HUL gained market share in over 75%  of its portfolio during the quarter. Sales volumes jumped 6% YoY even as it reduced weights of of several of its packaged products to protect margins given the steep inflation in commodities.

During the quarter, the company took a 12 %  price increase across its portfolioThe company’s volume growth stood at 6% in the April-June quarter (on a high base of last year) as against a contraction of 5% for the industry. In the June quarter last year, the company’s volume growth was 9%.

HUL’s foods and refreshments category grew 9% in Q1, driven by performance in ice-cream, coffee and food solutions. The FMCG major logged a 6% volume growth for the quarter. The company’s Home Care segment delivered 30% growth driven by strong performance in Fabric Wash and Household Care and effective market development actions.  The Beauty & Personal Care segment reported growth of 17%. Hair Care increased in high double-digits, led by strong performance in the premium portfolio.

The EPS for the quarter is Rs. 10.1, up by 13.5% YoY and 3.4% QoQ.

The shares of the company are currently trading at Rs. 2,555, down by 68.6 points or by 2.61% as compared to the previous close of Rs. 2623.60. The shares opened at Rs. 2,625. The market cap of the company is Rs. 600,320 crores. The stock hit an intraday high and intraday low of Rs. 2,625 and Rs. 2,553 respectively.

 

 

 

 

 

Tata Metaliks Q1 net profit falls sharply to Rs 1.22 crores.

 

Jindal Steel & Power Ltd Q1 FY23 Result Update: Net profit jumps to Rs. 2,771 crores.

 

 

Oberoi Realty reported a decline in Book Value.

 

 

 

 

 

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