Amidst demonetisation driving significant demand contraction in consumer discretionary sectors, public sector contracting can be a ‘safe haven’. Subsequent push on infra spending, subject to ability to spend, can be a pos
While corporate performance in general improved slightly in the three months to June, the share of debt with an interest cover of less than 1 saw a small increase to 39% from 38%, according to a report by Credit Suisse.
HDFC Bank’s Q4 net profit was in line. Top-line growth was healthy (+22% y-o-y) on stronger-than-expected loan growth (+27%) and pick-up in fee income (+16%), as this helped offset the pick-up in opex on large branch additi
SKS management was at our AIC, represented by CFO Ashish Damani and Deputy CFO Pratap R. Management expressed confidence of sustaining 50% loan growth over a 2-3 year time frame, compared to 93% growth currently.
Dalmia announced restructuring with: amalgamation of all East assets into OCL (sale of Bokaro unit from Dalmia to OCL), amalgamation of Adhunik (North East) into DCBL (South assets). Merger of Adhunik saves tax of `1.2 billio
We recently interacted with Exide’s management; the key message was the increased focus on profitability. After clocking 4% CAGR in three years, going forward, Exide expects top line growth to accelerate to double digits.
Indian banks’ NPLs (non-performing loans) jumped an unprecedented 30% in Q3 following the RBI audit and are likely to move-up further to ~6.6% of loans by March 16 as most banks deferred the impact over two quarters.