Stung by GST blues and lackluster domestic order activity, Triveni's income from operations and post tax earnings declined to the lowest level in at least nine quarters. Blood curdling fall in sales was explained by deferment of orders and lower order intake in first half of last financial year. Though revenue recognition gathered pace in Q2, most disgruntling is skimpiness in domestic order booking - down 11.6% to Rs 156 crs in H1 from Rs 176 crs...
CV sales augmented AUM growth (q-o-q) to 4.7% (Rs 85462.57 crs / $13076.5 m in Q2FY18 from Rs 81611.95 crs / $12606.5m). Share of new vehicle financing increased a tad bit to 10.1% last quarter from 9.9% in Q1FY18, while its core business used vehicle financing declined marginally by 47 bps to 86.6% of its total AUM to Rs 74013.90...
Underpinned by higher capacity utilization, launch of some intermediates and increased supplies from the caffeine plant, Aarti's pharmaceuticals business in Q2 reported the highest revenue growth in at least six quarters. Thanks to increased benefits of operating leverage, EBIT margins soared to the highest level in at least ten quarters - 13.9% Vs 11.9% in Q2FY17 Vs 12..8% in Q1FY18. Despite miraculous jump in home...
ce June and defying those who argued that oil would be capped at $60 this year by higher output from the US shale industry. The rising price of crude reflects the success of OPEC's output cuts and booming demand as the world enjoys near-synchronized economic ic growth. Saudi Arabia the largest producer in OPEC is also in focus currently, with the arrests of at least 11 Saudi Arabian princes and dozens of ssenior enior officials and businessmen raising tensions in a country responsible for roughly one in every nin nine crude oil barrels pumped globally....
Partly reflecting the tepidness in Indian CV industry in Q1(9.1%), particularly in M&HCV; segment (-31.8%), primarily CV industry reliant Jamna Auto posted 18.5% drop in income from operations, one of the weakest showings in several quarters. Poor revenue booking also stoked operating profits, which nosedived by 47% y-o-y. OPMs as a consequence declined to the lowest in eight quarters at 11.2% compared to 17.3% in the same quarter a year ago. Raw material to sales ratio rose 150 bps to 60.8% from 59.3% in the year ago period....
salaried class growth of 80.2% (y-o-y) in Q1FY18, galvanized 23.5% growth in Can Fin's loan book from Rs 11183 crs ($1653.9m) to Rs 13808 crs ($2132.9m) in the last quarter. Massive rise of 51.7% in overall non-salaried salaried book increased its share to 25.1% of the total loan book as against 20.5% in Q1FY17. However, disbursements grew by only 9.6% to Rs 1153 crs ($178.9m) in Q1FY18 compared to a growth of 30.4% in the same period last year, mainly because of people...
Vitality in DNL's basic chemicals business (gross revenues up 12.6%; EBIT up 38.3%) and recognition of insurance claim of Rs 18.33 crs ($2.8m) on account of loss of profits due to business interruption from the fire at its Roha facility last fiscal, failed to buttress revenues (net revenues up a measly 6.1%) last quarter. Delays in getting clearance from local authorities for select high value products in the FSC segment coupled with short supply of some products precluded production of some high margin products. As a result, FSC's gross revenues (excluding insurance claim sum) nosedived...
m) in the last quarter mainly due to higher price realization owing to spurt in raw material prices. However, IBB (isobutyl benzene) was low on volumes due to extended debottlenecking shutdown undertaken at one of its customer's end and delayed off take of one of its...
Somewhat aggravated by shortage of RMC in Mumbai - fallout of the mining ban - JKIL's income from operations plunged 7.2% last quarter nosedived 12% (y-o-y) in Q4 too. Consequently OPMs fell to the lowest level in five quarters. To accommodate robust order flows, JKIL's has been sprucing its rank and file for its employee benefits expenses has inexorably surged in last three quarters (up 89.6% y-o-y in Q4 and 13.9% q-o-q). Higher other income (up 18%) and nearly 17% decline in finance costs could not prevent double digit falls in both pre and post tax earnings (10.1% & -12.6% respectively). After floundering for several months, billing for three JNPT gathered pace...
MGL witnessed an improvement in its margins in the last quarter (OPM and NPM of 38.3% and 23.4% as against 31.5% and 19.2% in the corresponding quarter of previous year) mainly on account of better price...
