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…
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…
TELX has seen a gradual increase in growth rates since it hit its bottom in Q1FY18, from 9% y-o-y to…
We analysed NALCO’s FY18 annual report. Key takeways: Revenues from sale of metal and alumina increased 26% y-o-y to Rs…
FY18 was a strong performance year for HDFC Life in terms of total premium growth across premium categories, distribution channels,…
Management believes that opportunities in corporate lending are aplenty, given that most public sector banks and some private sector banks…
Revenue growth expected to pick up for remainder of the year; ‘Buy’ maintained with revised TP of Rs 69
Our TP for HEXW is Rs 390 (14% downside), which discounts forward earnings by 17x.
HCLT’s 4QFY18 revenue grew 8.2% year-on-year CC, EBITDA rose 14.6%, and PAT increased 10% to Rs 22.3 billion.
Calculated NIM on AUM expanded 140bp q-o-q, led by yield expansion, as MMFS gained market share in used vehicles and…
Consol. revenue grew 27% YoY to Rs 2,000 crore (est of Rs 1,660 crore), driven by strong volume growth in…
Aluminum and alumina market dynamics have turned favorable after recent events, leading to supply vacuum of 2.8mtpa of metal (Rusal…
Cost of funds likely to rise; FY19/20 estimates cut 2/4% due to spread compression
The Indian Meteorological Department (IMD) released its first forecast for the 2018 southwest monsoon (June-September) rainfall.
According to management, repeated usage of its existing well-penetrated categories, along with rising penetration of the newer categories, will drive…
Great play on FMCG opportunities; expensive valuation justified; initiated with ‘Buy’ and TP of `76
Fire in BASF’s German chemical plant, China resorting to factory shutdowns in a move to regulate environmental laws, and floods…
HDFC Bank (HDFCBK) has consistently grown its market share in loans and deposits across credit cycles, and has emerged as…
