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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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Equity Right
Editorials, Equities, Markets - July 27, 2022

Government allows Indian public companies to directly list shares overseas.

Government allows Indian public companies to directly list shares overseas.

 

Government’s vision for betterment of Indian companies:

In late January 2020 Government of India communicated to media that they are planning to allow direct listing of Indian companies in foreign markets. This will help Indian companies to not only rely on domestic markets but they can also raise capital on large scale from various foreign markets which will help companies in diversification and growth. This move can directly help Indian companies in increasing their turnover and profits.

Till now Indian companies go for the depository receipts to attract investors globally but this is bit unfamiliar amongst the investors globally and been less attractive in recent years. A minimum of 15 Indian companies currently attract foreign investors via ADR’s and GDR’s. These companies includes Reliance Industry, HDFC Bank, Infosys and many others.

 

Green signal by Indian Government:

Finance Minister Nirmala Sitharaman had announced an economic package of ₹ 20 lakh crore under government’s Atma Nirbhar Bharat Abhiyan. This is done for the revival of Indian Economy. It is an umbrella of massive ₹ 20 lakh crore economic booster package. The government ensured to provide some relaxation in all the sectors.

To improve “ease of doing business” in India, government allowed Indian public companies to list their shares in foreign markets. This provision will help Indian companies for better valuations, rapid growth and expand their businesses on a large scale. This move will help Indian companies to get funds at a cheaper rate from various foreign markets. This will directly help Indian economy to recuperate in a speedy way.

Government noted private companies that listed Non-convertible debentures (NCDs) on Indian stock exchanges not to be considered as listed companies. It is also expected that this provision is to prevent Indian companies to register themselves in foreign markets like Singapore and London for raising a fund and going global.

 

Existing vs proposed rule:

The existing rule states that companies which are listed on Indian stock markets can only list their company in foreign markets. Whereas, new proposed rule states that there is no compulsion for it. Indian companies can list themselves directly in various foreign markets to raise capital.

Until now, only American Depository Receipt (ADR’s) and Global Depository Receipt (GDR’s) can collect capital from foreign market sources. At least 15 Indian companies follow this mechanism to raise capital from foreign markets. However, this is not much familiar amongst the global investors. To eradicate this the new provision will allow Indian companies to a fresh new issue of shares or sale of existing holdings.

 

Rules and regulation:

All the required rules and regulation for listing an Indian company at abroad will be notified soon by the government. Once the provisions to the Foreign Exchange Management Act (FEMA) and Company Law Regulations are passed. Media noted Indian foreign exchange control laws do not require free capital convertibility, and there are other regulatory limits on capital account transactions.

Nevertheless, this proposal has been under discussion for a couple of years between stakeholders and regulators, especially regarding the selection of foreign jurisdiction. SEBI had indicated in 2018 that this route would be open only to the financially sound companies, so that the mechanism could not be used for exploitation. Sources indicated that final rules in this respect would probably be based on the Financial Action Task Force’s recommendations.

Finance Minister Nirmala Sitharaman noted, this provision of direct listing. If Indian public companies are not available over the globe but will be allowed in permissible jurisdictions.

 

Precautionary measures:

However, the approval will not come without any protections. The Indian government is likely to go along with the recommendations raised by SEBI in 2018. This requires a direct listing of Indian companies in abroad. It had suggested 10 overseas jurisdictions, including the US, UK, Japan, China, Hong Kong and South Korea for Indian companies to list. The selection was based on the fact that these jurisdictions are part of the Financial Action Task Force (FATF), The Anti-Money Laundering Global Task Force (GTF-AML) and IOSCO.

SEBI also suggested that this provision should be available only for financially stable . This will aid  to minimize frauds and manipulation. The firms with a  paid-up capital of 10% will be allowed to list in the foreign market.

The provision of capital raising in an overseas market can also have an impact on the Indian currency market. Since the flow of overseas capital can put pressure on the Indian currency and may lead to volatility. RBI and SEBI can be jointly involved to check this.

 

 

 

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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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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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L&T Technology Services Ltd Q1 Results Update.
Business, Equities, Market News, Markets, Research, Result Updates - July 25, 2022

L&T Technology Services Ltd Q1 Results Update.

 

L&T Technology Services Ltd Q1 Results Update.

 

L&T Tech Services reported net profit of Rs 274 crore for the June quarter, up 27% year-on-year. Sequentially the profit was up 4.7% from Rs.262 crores, driven primarily by revenue growth and operational execution.

Revenue for the company grew at 23% YoY at Rs 1,873 crore, and 6.7% QoQ sequentially from Rs. 1,756 crores, fuelled by healthy revenue growth in top clients and a demand uptick in its transportation vertical.
The firm’s dollar revenue grew 3.2% at $239.5 million, and came in at 4.7% in constant currency. Growth was led by plant engineering and industrial products, benefitting from spending on digital manufacturing, energy transition, and smart & connected products.

Transportation led the verticals with a 23.8% growth due to demand from the aerospace and rail segments. The plant engineering vertical clocked 20.3%. Medical devices grew 13.9% and industrial products was up 13.6%.

India’s business grew 19.6% on year and North America rose 17.6%. Operating margins stood at 18.3%, down 30 basis points sequentially but up 100 bps YoY.

During the quarter, LTTS won a $50 million plus deal, four $15 million deals and two deals with TCV of $10 million.

For the June quarter, EBIDTA margins stood at 21.4%. However, margins were better managed despite higher attrition. The company reported attrition of 23.2% for the Q1 FY23, up from 20.4% in Q4 FY22. The total headcount now stands at 21,433. The company added 572 employees sequentially

EBIT stands at Rs. 3,43.4 crores for the quarter as compared to 2623 crores YoY and Rs. 3,274 crores QoQ. EBIT margin is at 18.3% as against 17.3 in the previous quarter, driven by operational efficiencies. During the quarter, the company had gains from currency depreciation which were offset by higher employee benefit costs.

Other income was at Rs. 34 crores, slightly higher on a sequential basis due to higher Income from Investment. At the end of Q1FY23, the patent portfolio of LTTS stood at 913, out of which 625 are co-authored with its customers and the rest are filed by LTTS. 

Currently, the shares of the company are trading at Rs. 3440.35, up by 18.10 points or by 0.53%. On 25th July 2022, the stock opened at Rs. 3417.80 and previously closed at Rs. 3422.25. The stock hit an intraday high of Rs. 3478.55 and an intraday low of Rs. 3401.20. The market cap is Rs. 36,315 crores.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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Global Equity Funds Face Record $38.66 Billion Outflows Amid Market Valuation Concerns
Business, Equities, Markets - July 22, 2022

Equity valuation: Definition, Importance and Process.

Equity Valuation

 

What is Equity valuation?

Equity Valuation is a process conducted by financial experts to determine the fair market value of a particular company’s assets or equity securities. Usually, investors evaluate the company’s true value of its equity before investing. They evaluate using various techniques by looking at their business management, capital structure and their performance, expected future earnings, and current market value of their assets. Commonly, there are two types of equity valuation methods. The first is the absolute valuation method. It finds the true value of a stock based on fundamental analysis. The second is the relative valuation method which uses comparison techniques. It compares the company with peer company ratios such as the P/E ratio to derive the equity value of a particular stock.

 

Significance of Equity Valuation:

Systematic – The stock market is largely dependent on equity valuation. The stock market includes varieties of stocks from all sectors and industries. So, the market value fluctuates every minute due to the change in information that the market receives on the basic equity valuation. Valuation is the backbone of the whole financial system. It allows companies to operate with strong business models. Only those who are fundamentally strong are in top valuations. 

Individual – Along with the micro-level, equity valuation helps at an individual level also. Due to the equity valuation, the stock’s market value fluctuates every minute. This is due to the change in information that the market receives. So, a person evaluates varying effects and comes up with different results. 

Process of equity valuation:

Understanding various factors in macro environments – Firstly, it is important to understand the industry in which the company operates as its performance is highly influenced by the economic factors, their factors, and their operations. Economic parameters create a strong base for any equity valuation.

Forecasting – Investors forecast performance after considering not only currently trending but after evaluating all the past performances as a strong evaluation and analyzing technique is needed for coming to a final forecast. Cost and sales are important factors too in any forecasting for which investors need strong intricate knowledge base and experience.

Choosing the appropriate equity valuation model – As there are multiple valuation techniques and models available for investors they need to choose after understanding the sector, industry, and company’s business model. It is the responsibility of an analyst to select appropriate techniques.

Valuation Figure – After applying the valuation model, the next step is the final valuation. Analysts can come up with a single figure or range. However, investors prefer figures which have ranges. Different analysts may come up with different values because of using different models or considering different factors.

Final decision – It is based on all the factors and considering all the possible uncertainties. Finally, analysts come up with the final decision for a particular stock whether to buy, sell or hold depending on the current market price and intrinsic value.

 

Various Methods of Equity Valuation:

Based on different factors such as liquidity value, book value, replacement value, discounting factor, earnings ratios, price to book value, and profitability ratio, different equity valuation methods are broadly classified.

Balance sheet techniques – It utilizes all the information available on the balance sheet. It considers all the standards of accounting. Some of the major techniques in the Balance sheet method are Book value Method, liquidation method, and replacement method.

Discounted cash flow method – This model first evaluates the present value of future dividends for getting the present value of equity. They have different assumptions in different models like the single growth model, multi-period model, constant growth model, free cash flow model, two-stage model, H model, and zero growth model. One of the known methods is the dividend discount method.

Earnings multiple technique or Relative valuation – It is also known as the comparable method. It uses peers’ and competitors’ values to determine the value of equity. Earnings or relative valuation includes ratios such as price-to-earnings ratio, price-to-book value ratio, and price-to-sales value ratio.

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What are Gold funds and what are the benefits?

 

 

 

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Shipa Medicare reported an 85 lakh net profit.
Business, Equities, Market News, Markets, Research, Result Updates - July 22, 2022

Just Dial net loss widens to Rs 48 cr in Q1 FY23.

 

Just Dial net loss widens to Rs 48 cr in Q1 FY23.

On 15th July 2022, Just Dial Dial reported a consolidated net loss of Rs 48.36 crore in Q1 FY23 compared with a net loss of Rs 3.52 crore in Q1 FY22. The loss was driven by negative other income. Other income stood at Rs 60 crore for the quarter due to mark-to-market (MTM) losses on treasury portfolio owing to the significant increase in bond yields (135-150 bps QoQ for 2-3 year AAA bonds). The net profit margin foe the June quarter was -26% as compared to 2-2.1% in June 21 and 13.3% in March 22 quarter.

Net revenue was at Rs 185.60 crore for the June quarter as against Rs 165.41 crore during the same period in the previous year, registering a growth of 12.2%. On a sequential basis, net sales rose 11.4% from Rs. 166.7 crores. The employee expenses were higher during this quarter. This was on account of increase in the  hiring across critical functions such as technology, content, sales and marketing teams. In sales department, headcount was up 4.2% QoQ.

Just Dial reported a pre tax loss of Rs 59.84 crore in June 22 as against a pre tax loss of Rs 4.39 crore recorded in June 21. Total expenditure increased by 3.71% to Rs 185.45 crore in Q1 FY23 as against Q1 FY22.

The company recorded Adjusted operating EBITDA, excluding ESOP expenses, at Rs 11 crore in Q1 FY23 as compared to Rs -10 crore in Q1 FY22 and Rs -8 crore in Q4 FY22.

Deferred Revenue stood at Rs 353.4 crore, up 4.5% QoQ and 15% YoY. The QoQ growth in deferred revenue driven by 12.2% QoQ growth in collections to Rs 200.9 crore.

Cash and Investments stands at Rs 3,739.6 crore as on June 2022 compared to Rs 1,533 crore as on June 2021 and Rs 3,820.1 crore in March quarter.

Total Traffic (unique visitors) for the quarter stood at 147.9 million, up 19.1% YoY and 2.1% QoQ. 84.3% traffic originated on Mobile platforms, 11.3% on Desktop/ PC and 4.4% on our Voice platform.

Total Active Listings stood at 32.8 million as on 30 June 2022, an increase of 7.4% YoY and 2.8% QoQ. During the June quarter 907,228 listings were added  to the database. Active Paid Campaigns at the end of Q1 FY23 was at 483,690, up 10.5% YoY and 4.8% QoQ. Robust paid campaigns addition of 22,195  was due to aggressive focus on selling monthly payment plans.

 

Currently, the shares of Just Dial are trading at Rs.  585.60 as against the previous close of Rs. 591.55, declined by 5.25 points or by 0.89%. The stock opened at Rs. 593.70. The market cap of the company is Rs. 4,940 crores.

 

Just Dial net loss widens to Rs 48 cr in Q1 FY23.
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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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HDFC Bank Q1 Result Update: Profit rises 19% YoY to Rs 9,196 crore; NII up 15%
Business, Equities, Market News, Markets, Research, Result Updates - July 21, 2022

HDFC Bank Q1 Result Update: Profit rises 19% YoY to Rs 9,196 crore; NII up 15%

HDFC Bank Q1 Result Update: Profit rises 19% YoY to Rs 9,196 crore; NII up 15%

On 16th July 2022, HDFC Bank reported a net profit of Rs. 9,196 crores, up by 19% YoY from Rs. 7,729.64 crores. Lower provisions and improvement in the asset quality led to an increase in the overall earnings. Also, there was a sharp decline the credit cost. For the June quarter, provisions worth Rs 3,187.7 crore was recorded, down 34% YoY from Rs. 4830.8 crores. Provisions in the Q4 FY22 stood at Rs 3,312.35 crore.
However, the net profit dropped by 8.9 % QoQ from Rs. 10,055.18 crores. The company recorded revenue growth of 13% YoY to Rs. 41,560.27 crores during the June quarter as compared to the Rs. 36,771.47 crores in Q1 FY22.

HDFC Bank posted a net interest income (NII) of Rs. 19,481.4 crores, up by 14.5% from ₹17,009 crores in June 2021 on account of strong growth momentum. The increase in NII was driven by advances and deposits that recorded growth of 22.5% and 19.2% respectively. The total balance sheet grew by 20.3%. NIMs for the June quarter stood at 4.0%, which is stable QoQ & YoY. The total credit cost ratio was at 0.91% as compared to 1.67% for June 21.

Similarly, non-interest income increased to Rs 9,011.6 crore from Rs 6,288.6 crore YoY. Pre-provision operating profit of the bank rose by 14.7 % YoY to Rs 15,367.8 crores for Q1 FY23. Gross nonperforming assets (GNPA) were lower in Q1FY23 at 1.28% compared with 1.47% in Q1 FY22. However, it was higher than 0.32% reported in Q4FY22. Net non-performing assets (NNPA) of the lender dropped to 0.35% in Q1 FY23 as against 0.48% in Q1 FY22.

HDFC Bank registered a profit before tax (PBT) of ₹12,180.1 crores in the June quarter rising by 18.2% YoY. The bank reported total revenue growth of 13% to Rs 41,560.27 crore in June 2022 quarter as against Rs 36,771.47 crore in June 2021 quarter.

PPoP grew 1.5% YoY while declined by 6.0% QoQ at Rs. 15367.8 crores. Fee income for Q1FY23 stood at Rs. 53,30.4 crores while the loss on sale of investment stood at Rs. 1311.7 crores. Advances as of June 30, 2022, were reported at Rs. 1,39,5067.7 crores. The deposit growth for the quarter by 19.2% at Rs. 1,60,47,60 crores with a CASA ratio of 45.8%. Strong growth in advances was led by retail & commercial segments. There was a sequential deterioration in asset quality because of seasonal Agri NPAs.

The fee & commission segment grew 38.0% YoY and fell 4.8% QoQ. The sequential fall was owing to a high base of seasonally strong Q4FY22. The bank reported an MTM loss of Rs. 1311.7 crores due to a spike in the benchmark bond yields during the quarter. Excluding the MTM loss, the other income for the quarter grew 35.4% YoY. The operating expenses for the quarter grew 28.7% YoY due to the low base of last year on the back of lower activities during Covid-19.

 

Currently, the shares of HDFC Bank are trading at Rs. 1361.60 as compared to the previous close of Rs. 1365.05. The stock opened at Rs. 1360.55. The share price is down by 3.40 points or by 0.24%. The market cap is Rs. 756,409 crores.

 

 

 

 

 

HDFC Bank Q1 Result Update: Profit rises 19% YoY to Rs 9,196 crore; NII up 15%
Image shown is for representation only.

 

 

 

 

 

 

 

 

 

 

 

 

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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