Battered by no meager stress in Indian CV industry, Jamna Industries reported a dismal 56.2% drop in revenues - though revenues improved marginally from Q3 - in the fourth quarter of current fiscal, thus reporting five straight quarters of revenue decline. Put differently, average revenues in the last quarters of FY20 have declined by a stunning 55% over average revenues reported in the same period a year ago. Grave stress in Indian MHCV industry last fiscal - sales drop 42.4% - explain much of the 47% drop in revenues last fiscal. Current demand outlook of...
y in Q4FY20 due to the impact of nationwide lockdown beginning at the end of March. An n already slowing housing credit landscape did Can Fin Homes no favours as loan book grew by 2.7% from December 2019 driven by balanced growth in its salaried and professional clients as well...
As has been the case for the last few years, subdued demand hasn't stopped Polycab from growing its topline consistently absolute revenue has grown over 30% in the last 2 years while improving quality, profitability operating margins have increased from 10.8% in FY18 to 12.9% in FY20 and debt has come down from over Rs. 800 cr to Rs. 157 cr.. In house manufacturing of wires and cables ensures better quality and short duration of supply coupled with lower product returns.. Constantly evolving product mix in the wires and cables as well as FMEG segment driven by a vast distribution network to...
Festered by niche metal forming business, LGB reported nearly 12.9% drop in revenues last quarter to Rs 356.31 crs compared to Rs 408.85 crs in the same period a year ago. OPMs as a result shrunk to the lowest level in at least eight quarters - 9.6% Vs 10% in the same quarter a year...
Robust growth of Finolex's non-agri pipes business did little to circumvent patchy of take of its agri pipes (impacted by longer monsoons) for overall PVC pipes & fittings volumes plunged by a distressing 10.8% to 52815 tons compared to 59179 tons in the same quarter a year ago, erasing much of the gains observed in Q1 when volumes surge by a barely subdued 18.1%. For all the babble regarding humungous market opportunities in CPVC...
y respectively) failed to prevent negligent drop in revenues (1.1% y-o-y) as the benefits of lower natural gas prices were passed on to customers. The addition of over 31 thousand households during the recently concluded quarter bringing the total to more than 1.24 million household...
Dazzled by all but miraculous showing of DNL's barely pretentious performance products business in last few quarters, DNL's consolidated PBT surged by all but astonishing 377.6% in the first nine months of FY20 compared to that in the same period a year ago. Thanks to pinched supply of DASDA globally, DNL's performance products business EBIT leapfrogged nearly tenfold in the reported period, though sales advanced by a miserly 2x. Yet margins of performance products have moderated in last few quarters, declining to 54.1% in Q3 from 58.1% in Q1, with further...
ected to reach USD 359 bn by 2025, witnessing a CAGR of 3.1% between 2019-25.. Rapid urbanization in emerging countries has triggered the growth of LPG market. The industrial sector, especially the...
