Consolidated revenue grew 18% YoY to Rs 2,170 crore (in-line), driven by robust ad/subscription growth. EBITDA grew 27% YoY to Rs 750 crore (5% beat), with margin expanding 250 bp YoY to 34.8%. This, coupled with higher other
After about a year-long competitive bidding process, BEST DISCOM found it economical to extend the existing PPA with Tata Power’s Trombay and hydro power plants due to transmission constraints in Mumbai. Mumbai distribution
Sun Pharma (SUNP) conducted conference call to address issues, which were raised by some media reports, related to corporate governance and whistleblower against the company.
MMFS reported PAT of Rs 3.8b (up 1.5x y-o-y) under Ind-AS. The quarter was marked by robust disbursement and AUM growth, and an improvement in margins.
UTCEM’s volumes grew 20% Y-o-Y to 15.8 mt (our estimate: 16.7mt) in 2QFY19. Realisations increased 1.4% Q-o-Q to Rs 5,015/t (in-line) due to higher prices in the central, north and southern markets.
We analysed NALCO’s FY18 annual report. Key takeways: Revenues from sale of metal and alumina increased 26%
y-o-y to Rs 93.7 bn driven by 21% increase in LME, partially offset by 4% appreciation of currency and 11% /3% inc
FY18 was a strong performance year for HDFC Life in terms of total premium growth across premium categories, distribution channels, technology and margins.
Management believes that opportunities in corporate lending are aplenty, given that most public sector banks and some private sector banks are not so active in this space.
Calculated NIM on AUM expanded 140bp q-o-q, led by yield expansion, as MMFS gained market share in used vehicles and non-M&M OEMs. b) Adj. AUM grew 19.5%/6.6% y-o-y/q-o-q (ahead of our estimate), marking sturdy growth after 1
Aluminum and alumina market dynamics have turned favorable after recent events, leading to supply vacuum of 2.8mtpa of metal (Rusal and Hydro) and 8mtpa of alumina (from the world’s largest alumina refinery in Brazil owned
According to management, repeated usage of its existing well-penetrated categories, along with rising penetration of the newer categories, will drive growth for PIDI.
Fire in BASF’s German chemical plant, China resorting to factory shutdowns in a move to regulate environmental laws, and floods in the US have caused several supply-side disruptions for flavors and fragrances (F&F) players
HDFC Bank (HDFCBK) has consistently grown its market share in loans and deposits across credit cycles, and has emerged as the best-managed bank in India with robust profitability/growth metrics.
