CD Equisearch Broker Research reports

Riding well on the robust performance of the automobile industry, LIL registered revenue growth of 16.2% y-o-y y in Q3FY19, with value addition accounting for a majority of its growth in revenue. Revenue from mould...

of 4.1% (yoy) and 0.2% (yoy) respectively. 88% of fresh loan approvals during 9MFY19 were for housing segment. Although share of salaried class fell marginally, it continues to be its mainstay, constituting 71.5% of...

Battered by rising EDC prices (with adverse effect on PVC/EDC delta) , margins on its flagship PVC resin business nosedived to 16.2% fin Q3 from 18.5% In the same period a year ago - 29.5% in Q2 - resulting in just 11.3% growth in PBT . Yet not imperceptible rise in margins in PVC pipes & fittings segment saved blushes for the overall OPMs expanded by some 80 bps. Restoration of price cuts undertaken in PVC pipes business...

Despite the funding environment remaining constrained in the NBFC sector, GICHFL reported decent loan book growth of 17.3% (yoy) last quarter, galvanized by robust growth in housing loan portfolio. However,...

of firm realizations from new clients and robust volumes. Its pricing policy also helped as VOL charges arges a fixed margin from its clients which help it to methodically transfer the higher costs of fluctuating raw materials to customers during volatile crude oil price scenarios. Margins for 9MFY19 also rose dramatically by 750 bps to 35%...

Propelled by higher off take of high margin products and firm overall realizations, revenues of Deepak's basic chemicals business rose by a satisfying 14.8%, in 9MFY19, a marked improvement from 7.3% reported last fiscal. Margins rose too - 15.9% Vs 13.9% but not without discernible fluctuations in margins over the last few quarters. Deepak's seemingly most potent fine & speciality chemicals business incredibly benefitted from higher volume growth - resulting from higher utilization and backward integration initiatives - in both domestic and overseas markets....

Talwalkars Better Value Fitness Limited (TBVFL) the old entity has demerged its business to two companies- a gym company and a lifestyle company. The gym company, earlier known as Talwalkars Lifestyle Ltd.' has...

ICRA, an Indian credit rating agency, in its latest report, has given a stable outlook to the Indian construction industry, on back of strong order inflow in the last couple of years and a huge pipeline of projects to be awarded in the infrastructure segment. Increase in order inflow and government's thrust on infrastructure segment provide medium term revenue visibility for most of the construction players. However,...

Fortified by no smallish rise in revenues of metal forming business (up 37.5%), overall revenues rose by a barely depressing 21.5% last quarter. Belying historical trends, revenues of its flagship transmission business has grown in high double digits for three quarters in a row , galvanized by overall volume growth in excess of 20% in 9MFY19, thus reflecting gains in OEM market share. Buoyancy in both fine products and machining business drove recovery in metal forming business, whose revenues surge by a...