The agro processing division clocked strong domestic performance, but international operations underperformed. JISL’s net debt jumped by ~Rs 2.3 billion y-o-y to Rs 43.4 billlion, including Rs 3.2 billion related to the US
This, coupled with cost rationalisation and efficiency improvement measures, led to EBITDA margin jumping 64 bps y-o-y. We envisage entry in new categories & geographies, improving premiumisation drive and pick up in demand t
Divi's Laboratories’ Q2FY18 numbers were soft with revenue, EBITDA and PAT declining 11 %, 5 % and 33 % y-o-y, respectively. Adjusted for one-off staff bonus of Rs 791 million last year, EBITDA fell 25 %.
Rallis India’s Q2FY18 consolidated revenue of Rs 5.9 billion was up 9 % y-o-y, but below our 15 % growth estimate. Standalone revenue of Rs 5.5 billion grew 11% y-o-y, driven by double-digit growth in both domestic and expo
IndusInd Bank (IIB) and Bharat Financial (BhaFin) are finally set to merge (subject to RBI, CCI, SEBI and NCLT approvals). IIB board has agreed on swap ratio of 0.639:1 (639 shares of IIB for 1,000 BhaFin shares).