Dabur India earnings were below our estimates on all fronts as Covid-19 pandemic disrupted the business performance of the company. Profit for the quarter de-grew by 6.1%YoY/+21.0% QoQ to Rs 341 Cr during Q1FY21. Consolidated revenue stood at Rs 1,980 cr ,below our estimates Rs 2,209 registering a degrowth 12.9%YoY/+6.1%QoQ. Reported EBITDA de-grew by 9.0%YoY/+18.2%QoQ to Rs 416 Cr, below our estimate of Rs...
Core business intact, growth and asset portfolio concerns arise IDFC FIRST Bank reported another healthy set of quarterly earnings. NII increased by 38.4% YoY/4.0% QoQ to Rs 1,626 Cr, PPOP increased by 180% YoY/71.5% QoQ to Rs 892 Cr and Net Profit increased to Rs 94 Cr, against Rs 617 Cr loss in Q1FY20. Other income increased on account of treasury gains of the bank. The bank has taken provisions of Rs 764 Cr for...
The fall in realizations were mitigated by fall in expense per tonne: The company's realizations came down during the quarter, which was mitigated by significant fall in expenses for the company, e.g. raw materials...
MCX revenue for the quarter declined by 14% YoY to Rs 730 mn, largely due to reduction in exchange timings in Apr'20. However, the recovery was stronger in May-June 20. EBITDA for the quarter declined by 20% YoY to Rs 265 mn, while EBITDA margin contracted by 267bps YoY to 36.3%. Despite a fall in topline company has reported 29% profit growth, which...
Persistent System's Profit for the quarter grew by 9.1%YoY/7.4% QoQ to Rs 900 Mn during Q1FY21. Consolidated revenue stood at Rs 9,914 Mn for Q1FY21 vs 8,321 for the Q1FY20 registering growth of 19.1%YoY/7.0%QoQ. Strong YoY and QoQ growth in Q1 was led by BFSI as it continues to be a standout. Reported EBITDA was up by 21.3%YoY/14.9% QoQ to Rs 1,458 Mn, as compared to Rs 1,202 Mn,...
Ambuja Cement reported a rather better than expected set of numbers in Q2CY20 despite a more than month long lockdown across the country. The standalone revenue stood at Rs 2,177 Cr, down by 27.0% YoY/23.0% QoQ, EBITDA fell by 14.8% YoY/1.3% QoQ to Rs 595 Cr and Net Profits stood at Rs 453 Cr, declining by 10.0% YoY/13.6% QoQ. EBITDA margins improved to 27.3% during the quarter from 21.3% in Q1CY20 and 23.4% in Q2CY19. Sales volume during the quarter de-grew by 29% YoY to 4.19 MT (million tonnes) while realization per tonne increased by 2% YoY. Total operating...
NIMs at comfortable levels, costs came down as well: The bank's NIMs stood at 3.69% (up +16bps YoY/-18 bps QoQ) while the Cost of Funds stood at 4.61% (down -62bps YoY/-31bps QoQ) for Q1FY21 reflecting the fallen costs and increasing spread for banks amid the interest rate cuts by RBI. The bank's CASA fell to 42.5% (45.1% in Q4FY20), albeit due to...
ACC Limited Q2CY20E got impacted due to nation-wide lockdown for the first month of April. Consolidated revenue stood at Rs 2,602 Cr, a decline of 37.3% YoY/25.7% QoQ, EBITDA stood at Rs 525 Cr, decreasing by 32.9% YoY/10.4% QoQ and PAT at Rs 271 Cr, down 40.5% YoY/16.1% QoQ. The sharp decline in revenue could be attributed to the nation-wide lockdown for the month of April and then a gradual but rather slow re-opening of the economy. The total sales of cement by volume decreased to 4.8 million tonne (down 34% YoY) and RMX volume declined to 0.15 million cubic...
Mindtree reported good set of numbers in Q1FY21. Revenue stood slightly below our estimates while EBITDA and PAT are above our estimates. Company anticipates a healthy order book of USD 391M despite the global headwinds due to Covid-19 pandemic. Consolidated revenue for Q1FY21 stood at Rs 19,088 mn, slightly below our estimate of Rs 20,827 mn registering -6.9% QoQ/+4.1% YoY growth. Reported EBITDA grew +74.9% YoY/flat -0.5% QoQ to Rs 3,220 mn, above our estimate of Rs 2,916 mn, while EBITDA margin expanded 683bps...
Bandhan bank reported good operating performance during Q1FY21 with improvement in collection efficiency. Bottomline of the bank was impacted because the bank has accelerated additional provisioning on standard advances at Rs 750 cr in order to strengthen the balance sheet. With this additional provision buffer, the bank now holds total additional provision of Rs 1,769 cr, well beyond the RBI's prescribed limit. The bank has witnessed healthy business growth with advances growth at 18% YoY and deposit growth at 35% YoY. Marginal improvement seen on asset quality front as GNPA ratio fell by 5bps...
