The slowdown in real estate market is peaking now and there is enough demand seen in retail segment. Though, liquidity scenario has improved compared to Q3FY19, sector continues to see challenges due to higher funding costs resulting into pressure on margin (as compared to last year). In light of liquidity issue and lower demand in reality sector, PNBHFL finds itself in a sweet spot. Company has maintained Rs. 6000 cr liquidity in form of cash and investments as on 9MFY19 and expects to close year FY19 with enough liquidity. PNBHFL has well diversified borrowings profile. It borrows 17%, 30% & 17% from...
Healthy volume growth and stable margins to benefit in the coming years - Initiate with Accumulate rating with Target Price of Rs 491 Dabur India Ltd. (Dabur) is the fourth largest FMCG Company of the country presently catering to health care, personal care & food segment. The company is expected to report 10.9% CAGR growth in revenue over FY18-21E while PAT will witness a CAGR of 12.5% over the same period. We are positive on the future prospects of Dabur and initiate coverage with an...
Deposits for the bank stood at Rs. 26,169 cr registering robust growth of 27% YoY and 5% QoQ. The CASA portion for the bank stood at Rs. 6358.7 cr rising by 19% YoY and 3% QoQ. CASA ratio stood at 24.3% vs. 24.6% YoY. Retail term deposits stood at...
ACC's net profit for the quarter came in at Rs. 206cr as compared to Rs. 326cr QoQ. Total income for the quarter came in at Rs. 3,433 cr as compared to Rs. 3,116 cr in the corresponding quarter of CY 17, up 10.2% YoY and decreased 10.8% sequentially. EBITDA for the company stood at Rs. 443 cr vs. Rs. 416 cr YoY. EBITDA margin for the quarter stood at 12.9% vs 13.6% in the previous corresponding quarter. The fall in margin has been mainly due to the rise in logistics costs (because of higher fuel costs which also impacted packaging costs). Cement Business volume came at 6.55 MT higher by 9.9% compared to the...
Bank's top-line performance was up as net interest income increased by 14% to Rs 1022 cr. compared to Rs. 899 cr. YoY & grew by 4% from Rs. 980 cr. QoQ. Other income of the bank grew by 12% to Rs. 323 cr. YoY with support of higher fee income growth of 33%. C/I ratio for the bank decreased by 268 bps YoY and 365 bps...
Advances recorded a growth of 32% YoY, while deposits grew by 19% YoY. Consumer finance growth stood at 29% YoY & 6% QoQ and corporate loan book grew at 35% YoY & 10% QoQ. On the deposits front, the CASA grew by 23% YoY and...
The digital & the services business has now been merged. For the sales team, employee compensation will be based on commission basis (% of sales). The company lost a few employees...
Karnataka Bank Ltd Q2FY19 profitability has substantially improved YoY. It has reported PAT of Rs 112 cr. in Q2FY19 vs Rs. 93 cr. in the corresponding quarter of last fiscal year. On a QoQ basis, the net profit fell by 32%. Operating profit of the bank...
Demand was muted due to increasing interest rates. However, management expects a turnaround during the festive season and expects a growth of around 8-10%....
Ashok Leyland is one of the leading commercial vehicle manufacturer in India with its headquarters in Chennai, with medium & heavy commercial vehicles (MHCV) as its core business. Ashok Leyland is the 2nd largest manufacturer of commercial vehicles in India and also the 4th largest manufacturer of buses in the world. With Strong manufacturing capabilities, growing market share and international presence, the company has a good potential of future growth. We remain positive on AL's future prospects and initiate...
