Margins impacted due to cargo mix; FY20 volume up 8% y-o-y; traffic likely to rise gradually; FY21-22 EPS down 5-7%;…
The bright spot in the Indian real estate market viz leasing is likely to see an abrupt end to its…
Varun Beverages (VBL) reported a strong growth in volumes, Ebitda and earnings during Q1CY20. This was, however, led by the…
Marico’s Q4FY20 was expectedly weak on topline but margin beat (lower RM & A&P) drove a positive earning surprise.
FY21/22e EPS lowered by 22-33/9-13%; softer LNG prices a positive; GUJGA and MGL are to be preferred.
Showing of moratorium book will be key; outlook for earnings in FY21 is weak; ‘Buy’ maintained with TP of Rs…
Industry participants are alluding to an existing inventory stock, which could clear once demand resumes (strong summer in India).
But states, companies may be slow to resume activity; forecast of normal rainfall augurs well for inflation
It will dominate discussions though; sharply lower and wider range guidance for FY21/Q1 is expected.
While production is on, logistics is the key challenge both for raw material and finished goods. FDA delays remain a…
Infosys & TCS remain our preferred picks as we expect better earnings & multiple defence given high quality franchise.
With Covid-19 situation escalating, Indian IT services cos could be impacted in multiple ways in the near-term, cuts in client…
There have been a greater number of smaller deals (
Two metrics in particular are key: (1) q-o-q growth (US dollar or constant currency) and (2) Ebit margin.
With most other indicators still weak, earnings outlook is challenging; cause for caution
SOE E&Ps will suffer while IGL, MGL and GAIL stand to gain; may see govt fixing APM price framework
Volume performance was mixed too, with share in LPG & ATF up and petrol steady but diesel down ~60bps q/q…
AHLL also reported strong growth. We expect growth to moderate and margin improvement to be limited from current levels.
