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Porter Extends Series F: New $110 Million Boost Powers Indian Logistics
Business, Equities, Markets, Result Updates - August 12, 2022

VRL Logistics has reported its highest revenue since the pandemic.

VRL Logistics has reported its highest revenue since the pandemic.

VRL Logistics reported a total revenue of Rs. 717 Cr. in the June quarter as against Rs. 665 Cr. in the March quarter. The company reported a net profit of Rs. 49 Cr. in Q1 FY23 compared to Rs. 56 Cr. in Q4 FY22 and Rs. 6 Cr. in Q1 FY22. 117 Cr. in the June quarter compared to Rs. 126 Cr. in the March quarter. The growth in the transport business is contributing 90% of the total revenue and was at 609 Cr. The increase was due to tonnage of around 44% and the other was due to realization.

New branch additions:

The company added 68 branches in Q1 FY23, giving an overall of 157 total branches. It intends to map out new locations and expand its reach. The new branches contributed 8% in Q1 FY23. They are in touch with the small operators as this can help them to have a strong base. The government has made it a norm in April to generate an E-invoice above 20 Cr, which will be decreased to 10 Cr. in the near future. This indicates that the business will be done in a more organized way.

Many commodities and new contracts are gradually shifting to the company as a result of their proper compliance procedure, and the number of customers has increased from 4 lakh in pre-covid level to 7 lakh customers. The diesel cost has increased from 29% of the total revenue to 31%. This rise is due to an increase in procurement costs, which was at Rs. 85 to Rs. 93 in the current quarter. The company is unable to get fuel from the refinery, which was 40% of their consumption. It declined to 25% in Q4 FY22 and null in the current quarter due to increases in bulk purchases by the government due to which they lost Rs.2 per liter.

The employee costs is constant in VRL Logistics. EBIT was 69 cr in Q1. The company has also increased the useful life of the asset from 9 to 15 years. The net free cash was at 100 Cr, out of which 85 Cr was used to fund Capex for the goods transport business.

Valuations:

The P/E for the company is at 24.8 times, and the 5 year P/E and 3 year P/E ratios are 27.8 times and 27.3 times, respectively. ROCE for VRL Logistics is at 22.7%. While the company’s ROE is 25.1%.The EVEBITDA ratio is 11.8.EPS for the company is Rs. 24.4 per share. The debt to equity ratio is at 0.82. The scrip closed at Rs. 604.45 and was up by 0.92% on Thursday.

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Safex Chemicals Plans ₹450 Cr IPO to Strengthen Financial Health and Growth
Business, Equities, Market News, Markets, Research, Result Updates - August 11, 2022

Tata Chemicals Ltd Q1 FY23 Result Updates. Strong revenue, and EBITDA growth amidst a favourable market environment and a challenging cost situation.

Tata Chemicals Ltd Q1 FY23 Result Updates.
Strong revenue, and EBITDA growth amidst a favourable market environment and a challenging cost situation.

Tata Chemicals Ltd reported a net profit of Rs. 637 crores, soared by 86% from Rs. 342 crores in Q1 FY22. The net profit increased from Rs. 470 crores in the March quarter. The PAT margin stood at 16%.
Revenue from operations of the company jumped by 34.15% during the June quarter at Rs 3,995 crore compared to Rs 2,978 crore in June 2021. Sequentially the revenue increased from Rs. 3,418 crores in the previous quarter.
Earnings before interest, tax, depreciation, and amortization stood at Rs. 1015 crores as compared to June 21 at Rs. 601 crores, up by 69% YoY. The EBITDA margin is at 25%.
The profit before tax is Rs. 797 crores, increased by 86% YoY from Rs. 428 crores.
Input costs mainly energy continue to remain at elevated levels.

Robust soda ash demand continues across all geographies and applications.

India’s business saw higher soda ash and bicarb realizations aided by strong market demand and market tightness. EBITDA rose due to improved realizations, which offset a significant increase in raw material and energy costs during the quarter. Revenue grew by 48% YoY and EBITDA grew by 67%.

Overall US volumes remain strong with growth in domestic and export markets and the overall market remained tight. Export prices remain strong & at above pre-covid levels. Maintenance shutdown in one dryer leading to 10K MT production loss. Gas prices remain at elevated levels. The revenue increased by 34%.

In the UK business EBITDA improved on account of improved realizations which offset a significant increase in raw material and energy costs. The volumes were marginally lower in Q1 FY 23 and revenue improved by 31% YoY.

Kenya’s operation maintained its steady performance with higher sales volume and higher export realizations. Margins improved against the previous year on account of higher realizations and robust market demand. The unit continues its focus on optimizing cost and improving efficiencies.

Rallis recorded higher revenues driven by robust growth in crop care. Margins are impacted due to cost inflation and competitive pricing. Crop care margins improved while seeds margin was impacted and continue to be under pressure.

In June, Tata Chemicals Europe officially opened the UK’s first industrial-scale carbon capture and usage plant, a move the Tata Group company said signals a key milestone in the race to meet the country’s net-zero targets. The 20 million pound investment was completed by Northwich-based Tata Chemicals Europe (TCE) in northwest England, one of Europe’s leading producers of sodium carbonate, salt, and sodium bicarbonate.

The shares of Tata Chemicals Ltd are trading at Rs. 1077.80, up by 0.34%.

Valuations:

The return on equity (ROE) is 7.58% for June 2022. The price-to-earning (P/E) ratio stood at 17.5. The return on capital employed (ROCE) for the company is 8.40%. The price to book value of Tata Chemicals Ltd is 1.53. The EV/EBITDA is 10.5. EPS for the quarter is Rs. 61.2.

Lumax recorded its biggest ever profit.

 

Ajmera Realty reported total revenue of Rs. 55 Cr. in Q1 FY23.

 

J B Chemicals and Pharmaceuticals Limited  Q1 FY23 Result Updates. Higher treasury income and other costs hamper net profit.

 

 

Indigo Paints revenue up from Rs.156 Cr to Rs.223.99Cr.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Jindal Steel & Power Q1 FY26: Profits Surge on Operational Gains and Strategic Growth
Business, Equities, Market News, Markets, Research, Result Updates - August 11, 2022

Hindalco Industries Limited Q1 FY23 Result Updates. Stronger Q1 backed by operational efficiencies.

Hindalco Industries Limited Q1 FY23 Result Updates.
Stronger Q1 backed by operational efficiencies.

Hindalco Industries Limited reported a net profit of Rs. 4,119 crores, up by 48% YoY as compared to Rs. 2,787 crores in June 2021, driven by strong US sales and higher revenue that cushioned the impact of pricier raw materials. On a sequential basis, the profit has increased 7% QoQ from Rs 3,851 crores during the March quarter.
Revenue for the quarter increased to Rs. 58,018 crores, up by 40.28% YoY from Rs. 41,358 crores in the same quarter last year. On a sequential basis, the revenue scaled 4% from Rs 55,764 crore recorded in the previous quarter.
Earnings before interest, tax, depreciation, and amortization stood at Rs. 8640 crores as against RS. 6790 crores in Q1 FY22, increased by 27% YoY.

Excellent results driven by robust performance by Novelis, Aluminium Downstream, and Copper businesses, supported by operational efficiencies and higher volumes.

Novelis reported its best-ever quarterly EBITDA and EBITDA per tonne primarily due to higher product pricing, favourable product mix, and recycling benefits.
Novelis’ profit for the quarter stood at $307 million, up 1% YoY.
Revenue was at $5.1 billion against $3.9 billion YoY, up 32%, driven by higher global aluminium prices. Total shipments of flat rolled products (FRPs) were at 962 Kt against 973 Kt in the year-ago quarter, marginally lower due to supply chain constraints.

Aluminium upstream revenues stood at Rs 8,699 crore. Ebitda stood at Rs 3,272 crore, up 41% YoY, primarily due to favourable macros, higher volumes, and better operational efficiencies, partially offset by higher input costs. Upstream Ebitda margins were at 38%.
Aluminium downstream logged revenues of Rs 2,740 crore.
Ebitda stood at Rs 158 crore, up 305% YoY, primarily due to better pricing of downstream products. Ebitda per ton for Aluminium downstream stood at $261 against $64 YoY, up 306% YoY.

The copper business witnessed an improvement of 48% YoY to Rs 10,529 crores due to higher volumes and a rise in global prices. EBITDA at Rs.565 crore, up 116% YoY, on the back of higher volumes, better operational efficiencies, and improved by-product realizations.
The shares of Hindalco Industries Limited are trading at Rs. 438.05, down by 0.50%.

Valuations:

The return on equity (ROE) is 18.5% for June 2022. The price-to-earning (P/E) ratio stood at 6.54. The return on capital employed (ROCE) for the company is 16.2%. The price to book value of Hindalco Industries Limited is 1.24. The EV/EBITDA is 4.59. EPS for the quarter is Rs. 67.

 

 

Lumax recorded its biggest ever profit.

 

Ajmera Realty reported total revenue of Rs. 55 Cr. in Q1 FY23.

 

J B Chemicals and Pharmaceuticals Limited  Q1 FY23 Result Updates. Higher treasury income and other costs hamper net profit.

 

 

Indigo Paints revenue up from Rs.156 Cr to Rs.223.99Cr.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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BEL to manufacture hydrogen fuel cells with technology from TEV.
Business, Equities, Markets, Result Updates - August 11, 2022

Lumax recorded its biggest ever profit.

Lumax recorded its biggest ever profit.

Lumax Technologies reported a 539.59% jump in its profit to Rs.21.81 crore as against Rs. 3.14 crore in June 2021 and 20 crore in March 2022. The total sales were at Rs. 421.93 Cr compared to Rs. 260 Cr in June 2021 and Rs. 417 Cr in March 2022. EBITDA margins stood at 11.5%, up by 430bps from Q1 FY22. The company expects a bounce back in domestic exports as the world economy is witnessing a strong recovery.

A long way to go ahead:

The auto industry was under pressure in the last quarter due to a shortage of semi-conductors, rising commodity prices on account of inflation, and supply chain disruptions. However, the volumes have increased this year as the economy is stabilising. The company has witnessed consistent improvement in all the sectors, which indicates that the mobility industry is revisable and in its growth stage. The growth catalysts will be  OEM offtake, an improving demand scenario, strong aftermarket demand, and increased wallet share with its major customers. The key highlights for Q1 FY23 are normal economic activity, healthy retail sales, demand in the PV segment amid new launches in the SUV domain, a reduction in excise duty, and a reduction in key raw material prices towards the end of the quarter April-May 2022.

The increasing demand for safety and comfort requirements in automobiles is paving the way for companies focused on supplying import-substitute products. With the high growth forecast in the vehicle industry, the auto component sector is anticipated to rise twice in FY 2022–23. The government’s recent announcements of PLI schemes regarding ACC Batteries and Auto & Auto Components are expected to pave the way ahead for the creation of an automotive value chain.

Valuations:

The ROCE and ROE is at 18.4% and 13.0% respectively for Lumax Technologies. P/E ratio is at 17 times, whereas 5 years and 3 years P/E ratio is at 16.5times and 14.4times. EVEBITDA is 7.97 times. The EPS is at Rs. 12.9 and P/B ratio is at 2.79 times. The stock closed at Rs.222 down by 3.39% on Wednesday.

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Realty Stocks Rise Up to 6% on RBI Rate Cut Hopes; Sobha and DLF Lead Surge
Business, Markets, Result Updates - August 10, 2022

Ajmera Realty reported total revenue of Rs. 55 Cr. in Q1 FY23.

Ajmera Realty reported total revenue of Rs. 55 Cr. in Q1 FY23.

Ajmera Realty reported its total revenue of Rs. 55 Cr. in Q1 FY23, down from Rs. 135 Cr. in Q1 FY22 and Rs. 181 Cr. in Q4 FY23. The current quarter’s PAT was Rs. 12 Cr., compared to Rs. 14 Cr. in the previous quarter and Rs. 10 Cr. in June 2021.EBITDA was at Rs. 18 Cr. compared to 40 Cr. in March 2022. This was due to head winds from higher input costs, revisions in interest rates, and other economic challenges. The company has maintained its margin above 9.5% on a PAT basis.

There was a decrease in debt by 25 CR in the quarter Q1 FY23 due to traction in sales, and the firm has no outstanding debt. The cost of debt has risen by 40 basis points to 11.6 percent, and the net equity ratio in the current quarter is 1.128 percent of net worth, compared to 1.18 percent in March 2022.The volume has increased to 1,574, 438 square feet, and the sales value is at Rs.400 Cr. The collection has improved from 93 Cr. in March 2022 to Rs. 210 in June 2022.

High Demand due to WFH culture:

The company witnessed a strong performance with the launch of two projects and expects to generate revenue in the coming quarters as they are in advanced stages. Overall, real estate has witnessed a resilient performance due to upward pressure in all commodities. For the first time, buyers have improved segments in real estate. Despite the hike in interest rates, there is a bit of a slowdown, but overall there is good demand. The shift in work from home, along with demand for mid-segment to luxury housing, will drive demand for this project.

The Marquee projects of Mumbai – in Wadala have a great response with 2 towers. The company has also received permission to start its work in Juhu which the issuance of certificate for construction. They acquired land spans 1,721 sq.mt., on which a residential property with a potential carpet area of 95,000 square feet is to be built, with a sales value of Rs250 crore expected over three years at conservative price points. The infrastructure will consist of two wings with 100 units with all modern lifestyle amenities.

Valuations:

EPS was at Rs.13.2 for the company and EVEBITDA was at 16.5 times. The P/E ratio is 16.5 times. Debt to equity ratio stood at 1.22. ROCE and ROE is at 8.03% and 6.63% respectively. The script is trading at 260 down by 3.35%.

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Aarti Industries Ltd Q1 FY23 Result Updates.
Result Updates - August 9, 2022

Greenlpy Industries with a Net Income Of Rs. 455.09 Cr.

Greenply Industries with a net income to Rs. 455.09 crore.

Greenply industries have reported total income of Rs. 455.0972 crores during June 30, 2022 as compared to Rs. 451.6656 crores during the period ended March 31, 2022.The net profit was at Rs. 20.7327 crores for the period ended June 30, 2022 as against of Rs. 28.9715 crores for the period ended March 31, 2022. EBITDA stood at 40 crore in Q1 FY23 compared to Rs.45 crore in Q4 FY22.
Greenply Industries Limited has been at the front of driving innovation across its products and processes keeping the consumer safety in mind. With the accelerated transformation in the interior sector post pandemic, the company introduced its E-0 compliance “Green Platinum” which is two times as effective in fire-resistant and waterproof properties as compared to other available plywood in its range. Green Platinum is also enriching with an un-extended BWP resin depicting it two times as boiling waterproof as compared to regular fire-resistant plywood.

Remarking on the launch of the new collection range

The innovation for the core products has created products that are made to fit the evolving needs of consumers. Through extensive research on consumer behaviors, they made a product which combines fire resistant, waterproof and emission proof features thus came up with the product Green Platinum with an added feature of money back warranty. Through continuous R&D process, they came up with more eco-friendly product which will promote aesthetic living among the consumer base.
Green Platinum Plywood combines the strength of California Air Resource Board (CARB) for conforming to E-0 grade formaldehyde emission and also comes with an anti-bacterial and anti-viral coating to ensure the health and safety of every home. Greenply has also taken a leadership position in communicating the need to choose the right building material for health safe interiors through their E-0 innovation. The E-0 innovation has reached over 1 million households; however, Greenply continues to build on the awareness amongst end consumers through relevant and multiple touch points.

Valuations:

The EPS of Rs. 1.68 for the period ended June 30, 2022 as compared to Rs. 2.35 in March 31, 2022 and Rs.0.33 for the period ended June 30, 2021. EVEBITDA stood at 12.9 times. P/E ratio was at 19.8 times and 5 years P/E was at 27.3 times. The scrip closed at Rs. 179 down by 1.89% on Monday.

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AstraZeneca Pharma India Q1 2026: Strong Growth and Resilience
Business, Equities, Market News, Markets, Research, Result Updates - August 9, 2022

J B Chemicals and Pharmaceuticals Limited  Q1 FY23 Result Updates. Higher treasury income and other costs hamper net profit.

J B Chemicals and Pharmaceuticals Limited  Q1 FY23 Result Updates.

Higher treasury income and other costs hamper net profit.

 

 

JB Pharma reported a net profit of Rs. 105 crores, fell by 12% YoY from Rs. 119 crores on account of higher treasury income in Q1 FY22, non-cash ESOP cost, depreciation on account of acquired brands, and finance costs in Q1 FY23

The revenue stood at Rs. 784 crores for the June quarter, up by 30% YoY from Rs. 606 crores in June 2021.

The earnings before interest, tax, depreciation, and amortization stood at Rs. 173 crores as compared to Rs. 164 crores, up by 6% YoY.

The profit before tax stood at Rs. 142 crores from Rs. 158 crores, slipped by 10% YoY.

Operating EBITDA  grew by 16% to Rs. 190 crores. Gross margins were at 62.7% v/s 64.2%. Excluding Azmarda, gross margins for the business were relatively flat YoY. Overall material cost continues to remain challenging whilst softening was seen in certain packing material. Excluding non-cash ESOP cost, employee cost increased by 19% due to increments and manpower costs for acquired brands. Non-cash ESOP cost as a percentage of reported EBITDA was at 10%as compared to 20% of reported EBITDA in Q4 FY22.

Other expenses increased on account of normalization of marketing expenses as compared to Q1 FY22 and a significant increase in fuel costs, freight expenses, and logistics costs for the exports business on a YOY basis, whilst sequentially some softening was seen in international freight.

Depreciation increased by 44% to INR 26 crores on account of the amortization of the acquired brands.

 

Robust revenue growth despite a challenging operating environment.

 

JB recorded robust revenue growth at 30% despite a challenging operating environment. Organic revenue growth was around 20%.  The domestic Formulation business continued its strong performance growing at 34% to INR 418 cr. Organic revenue growth was around mid-teens. International business revenue grew by 28% to Rs. 366 crores. All the three businesses viz. Exports formulations, CMO, and API business performed well in the quarter.

 

During the quarter, the international business recorded robust revenue growth of 28% to Rs. 366 crores. Exports formulations, CMO, and API business recorded growth of 11%, 108%, and 17% respectively. South Africa unit registered growth in both public & private markets; robust tender demand; new launches in the private market. Russia local sales remained steady; Receivables looked positive from the region.  CMO revenue crossed Rs. 100 crores for the first time in a quarter due to a strong surge in account demand for lozenges and liquids from key partners. The order book continues to remain robust.

 

Domestic business records highest ever sales in a quarter of Rs.  418 crores registering growth of 34%. Organic revenue from the domestic business grew around the mid-teens out-pacing industry growth rate. JB continues to remain the fastest growing company among the top 25as per IQVIA MAT June 22 data. As per MAT June 22 data, JB ranks 23rd as compared to 25thin Q4 FY22. The acquired brands from Sanzyme performed well with Sporlac gaining market share during the quarter.

 

The shares of J B Chemicals and Pharmaceuticals Limited closed at Rs. 1861.40, up by 0.46%.

 

Valuations:

 

The return on equity (ROE) is 18.1% for June 2022. The price-to-earning (P/E) ratio stood at 38.7. The return on capital employed (ROCE) for the company is 28.4%. The price to book value of J B Chemicals and Pharmaceuticals Limited is 6.72. The EV/EBITDA is 24.8. EPS for the quarter is Rs. 48.1.

 

 

 

 

 

 

 

 

 

 

 

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

 

Ashok Leyland Q1 FY23 Result Update. Volume growth to improve net profit; revenue doubles.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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Zee5 reported a net profit of Rs. 122 cr. 
Business, Markets, Result Updates - August 8, 2022

Indigo Paints revenue up from Rs.156 Cr to Rs.223.99Cr.

Indigo Paints revenue up from Rs.156 Cr. to Rs.223.99 Cr.

Indigo Paints on Friday posted its financial results for the April to June 2022 quarter, with a net profit of Rs 19.91 crore up by 71.49% in the current quarter as against Rs 11.61 crore during the previous quarter YOY. PAT margins increased to 8.87% compared to 7.30% in the first quarter of the previous fiscal year. The sales stood up by 43.56% to Rs 223.99 crore in June 2022 as against Rs 156.02 crore during June 2021. The company clocked a more than 71% jump in profit and its margin improved following price hikes during the three months. The revenue of Indigo Paints’ for June 2022 ended quarter increased over 43 % YOY to Rs 224 crore, compared to Rs Rs 156 crore in the year-ago period.
EBITDA for Q1 FY23 stood at 35.27 crore from Rs. 20.16 crore up by 75% YOY. The margins expanded to 15.75 % against 12.92% when compared to last quarter. The consistent raw material prices improved from 43.61% in March 2022 to 45.19%. It was passed to the consumers in a staggered manner, the raw material cost are stabilised and have started to cool down.

New opportunities for Indigo Paints:

The company steadily witness higher volume growth in the Emulsions segment which is the largest contributor to overall value sales, and the Premium Emulsion category in particular. The incremental price hikes affected in few selected products which was in line with the industry.
The management believes that its growth in profitability would have been significantly higher had it not indulged in high advertising and promotional spending during the Indian Premier League (IPL) season. The FY22, IPL schedule was split between April and September, whereas in the current year, it was conducted in a single phase in April and May. As they are a significant advertiser in IPL, this has resulted in a higher advertising and promotional spending in June quarter of FY23 than in FY22 by Rs 5 crore.
The firm expects a much sharper increase in profitability parameters in the future quarters with comfortable margins and stabilising input costs. The company added that the strategy of increasing the presence in the Tier-1 and Tier-2 cities is showing early indications of traction and is expected to yield results in the next 2-3 quarters.

Valuations:

EPS for the company is at Rs.19.4. P/E ratio stood at 78.8 times and 5 years P/Efor te company is 90.9 times. EVEBITDA for the company is 45.1 times. However, despite the jump in revenue, profit, and margin, Indigo Paints’ shares failed to cheer Dalal Street investors as the stock ended the session at Rs 1,552, down 2 percent from its previous close on BSE.

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24% Tariffs: Japan Faces Economic Shockwaves
Business, Equities, Market News, Markets, Research, Result Updates - August 8, 2022

Titan Company Limited Q1 FY23 Result Updates. 13-fold jump in year-on-year net profit at Rs 793 crores.

Titan Company Limited Q1 FY23 Result Updates.

13-fold jump in year-on-year net profit at Rs 793 crores.

 

 

Titan reported a net profit of Rs. 793 crores, up by from Rs. 61 crores in Q1 FY23.
Total income for the June quarter jumped by 199% a YoY to Rs 8,649 crore compared with Rs 2,890 in Q1 FY22, driven by strong festive demand in a near normal Q1 that came after a gap of two Covid disrupted periods.

Advertising and campaign expenses stood at Rs. 171 crores, increased by 373% YoY as the company ramped up investing in brands across businesses. Standalone EBIT at Rs. 1,121 crores soared by 478% YoY from Rs. 209 crores with margins at 13.0% was the best for the Q1 period and second best overall in the last 3 years.

Profit before tax stood at Rs. 1066 crores from Rs. 82 crores in Q1 FY22.

All the key Divisions recorded healthy margins aided by better realizations across product categories.

 

Titan’s jewellry business registered an income (excluding bullion sales) of Rs 7,600 crore compared with Rs 2,467 crore in the year-ago quarter, up 208 % YoY led by a good Akshaya Tritiya sales and a better-studded mix compared to June 2021. Sales growth was driven by both buyer and ticket sizes, with new buyer contribution continuing to be quite robust at 46%. Whilst the wedding segment recorded a healthy growth of 178% YoY, its contribution to the overall sales was marginally lower. The studded sales ratio at 26% is moderately better than pre-pandemic levels for the first quarter, indicating a full recovery. Jewellry business reported an EBIT of Rs 1,027 crore against Rs 207 crore in the same quarter of the previous year.

The watches and wearables business reported its best quarterly income of Rs 785 crore, up 169% against  Rs 292 crore YoY. The watches and wearables business reported an of EBIT of Rs 103 crore against a loss of, Rs 56 crore YoY.

Eyecare business also reported its highest quarterly income of Rs 183 crore, up 173% over Rs 67 crore YoY. Eyecare business reported an EBIT of Rs 36 crore against a loss of Rs 13 crore YoY.

Other businesses comprising Indian dress wear and fragrances & fashion accessories reported a 300% YoY rise in income at Rs 56 crore compared with Rs 14 crore YoY. Other businesses reported a loss of Rs 10 crore against a loss of Rs 16 crore YoY.

The company said it added a net of 125 stores during the year. The company’s retail chain (including Caratlane) has 2,303 stores across 366 towns with an area exceeding 2.9 million square feet, as of June 2022.

The shares of Titan Company Limited are trading at Rs. 2440, up by 034%.

 

Valuations:

 

The return on equity (ROE) is 26.4% for June 2022. The price-to-earning (P/E) ratio stood at 73.1. The return on capital employed (ROCE) for the company is 21.4%. The price to book value of Titan Company Limited is 23.4. The EV/EBITDA is 48.2. EPS for the quarter is Rs. 3.31.

 

 

 

 

 

 

 

 

 

 

 

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

 

Ashok Leyland Q1 FY23 Result Update. Volume growth to improve net profit; revenue doubles.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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IFL Enterprises Surges With 13x Revenue
Business, Equities, Market News, Markets, Research, Result Updates - August 6, 2022

Genus Power Infrastructures Ltd Q1 FY23 Result Updates. Reduced capacity utilization to hamper revenue growth.

Genus Power Infrastructures Ltd Q1 FY23 Result Updates.
Reduced capacity utilization to hamper revenue growth.

Genus Power Infrastructures Ltd reported a net profit of Rs. 0.65 crores in June 2022 up by 1135.92% from Rs. 0.05 crore in June 2021. Sequentially the net profit fell from Rs. 10.98 cores in the March quarter. Net Profit Margin stood at 6.38%.
Revenue stood at Rs. 187.0 crores, up by 43%, as against Q1FY22 revenue of Rs. 130.4 crores. Reduced capacity utilization as a result of a lack in supply of semiconductors and other essential electronic components continued to have an adverse impact on revenue growth. In the previous quarter, the revenue was lower at Rs. 181 crores. The company expects the normalcy in the supply chain to be restored within the next three months and anticipates a sharp revenue rebound in H2FY23 on account of a robust order book and healthy order inflow.

Rise in price on raw materials affected the operating margins.

Earnings before interest, tax, depreciation, and Amortization (EBITDA) stood at Rs. 14.3 crores, an increase of 183%, as against Rs. 5.1 crore of Q1FY22. Sequentially, higher prices for raw materials and a lack of operating leverage as a result of lower capacity utilization continued to hamper operating margins. The operating profit margin stood at 8% as compared to 11% in the previous quarter.
The total expenses stood at Rs. 183 crores for the June quarter as compared to Rs. 136 crores in Q1 FY22.
The profit before tax stood at Rs. 2.31 crores from Rs. 0.08 crores in Q1 FY3. Sequentially the PBT declined from Rs. 17.60 crores.
The Board of Directors has recommended a dividend of 25% (Re. 0.25 per equity share) for the financial year 2021-22, which is subject to the approval of the shareholders.
As on 30th June 2022, the company’s order book stood at Rs. 1,855 crores (net of tax) from Rs. 1080 crores in the previous quarter.
The shares of Genus Power Infrastructures Ltd closed at Rs. 74.55, down by 0.93%.

Valuations:

The return on equity (ROE) is 6.17% for the quarter ended June 2022. The price-to-earning (P/E) ratio stood at 42.8. The return on capital employed (ROCE) for the company is 8.42%. The price to book value of Genus Power Infrastructures Ltd is 2.06. The EV/EBITDA is 19.7. Genus Power EPS has increased to Rs. 0.03 in June 2022 from Rs. 0.00 in June 2021.

 

 

 

 

 

 

 

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

 

Ashok Leyland Q1 FY23 Result Update. Volume growth to improve net profit; revenue doubles.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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