ICICI Prudential Life reported further margin expansion, 140 bps qoq and 880 bps yoy to 18.9% in 4QFY18. Favorable operating experience, mostly on account of better persistency, and sharp assumption changes (one-off) led to h
Q3FY18 was a weak quarter for the rail and CFS businesses, reflecting inability to service rail demand (slow-moving rakes), high exim imbalance, weak growth in key NCR volumes, increase in instances of direct port delivery at
Strong relationship with shipping lines, vast experience and wide network in the Multimodal Transport (MTO) segment, global presence, experienced management team and efforts taken by the company to improve operational perform
Our recent meeting with the management of KEC International highlighted the company’s increasing focus on profitability and return ratios. Reduction in working capital would be a key tool to achieve the targets.
The domestic auto industry posted healthy double-digit volume growth in November 2017 across all automotive segments led by low base due to negative impact of demonetisation last year and a steady underlying demand environmen
The revenue decline in Q3CY17 was transitory on account of GST-led disruption. Such deferred businesses would likely be recovered in the coming few quarters. Continued margin improvement and resilient base orders are a big po
GST-related marketplace disruption meant a weak Q2CY17 and the high salience of the June quarter to annual financials means, CY2017E will likely be a weak year and any assessment of underlying business fundamentals now has to