Despite timid revenues, earnings increased by 27.1% in 9MFY17 all thanks to higher operating margins (+250 bps to 22%) and lower tax provision. EBIT margins thickened for all but HPC business but not without noticeable volatility, particularly for pharmaceutical business. Unsurprisingly, EBIT margins of specialty chemicals has expanded for at least eight quarters (y-o-y though) - thanks to mellowing benzene prices fallen from Rs 85 per kg in Q2FY15 to Rs 40 per kg in Q4FY16, while pharmaceutical margins has not been one without variation. Entrenched weakness in agro-chemical sector pummeled specialty...
D-link (India), a subsidiary of D-Link Holding Mauritius Inc, markets and distributes networking products. It offers IT network infrastructure solutions - switching, security, wireless, IP surveillance, storage and structured cabling. TeamF1 Networks (P) Ltd, a subsidiary of D-Link (India), is engaged in development of high performance embedded...
Misfortune hit DNL's business hard last quarter for the shutdown of its DASDA plant in Hyderabad due to torrential rains was soon followed by a fire in one of the distillation columns of its manufacturing facility at Roha (Maharashtra). Wherefore its income from operations saw the sharpest fall in at least seven quarters and absolute profits showed the lowest reading in thirteen quarters. DASDA plant shutdown (temporary though) accentuated the torpidity in OBA demand for revenues of performance products (erstwhile fluorescent whitening agent) nosedived by a depressing 28.1%....
JBCPL, one of India's leading pharmaceutical companies, manufactures and markets a diverse range of pharmaceutical formulations, herbal remedies and APIs. JBCPL exports to many countries worldwide with a strong...
monomers, polymers and other specialty products. It has grown to become the world's largest manufacturer of Isobutylbenzene (IBB) and second largest manufacturer of 2-Acrylamido 2-Methylpropane Methylpropane Sulfonic Acid (ATBS). The company's products are exported to customers in countries across Europe, America and Asia. Expertise in producing superior quality chemical based...
To stay competitive, Triveni has carved out a niche in Indian capital goods space - up to 30 MW turbines - by purveying its wares to cogeneration based captive power plants, renewable based independent power plants, agro-based cogeneration units and renewable waste heat. In addition to stimulus provided by the 'National Capital Goods Policy' - shoring up domestic production; technology sharing; export promotion; easy finance availability, India's humongous renewable energy capacity addition plans (175GW by 2022 from some 50 GW installed now) bodes well for the capital...
Growing at an expeditious pace in the current fiscal, the Indian steel production has seen one of the best growth rates in atleast last five years (10.5% in 9mFY17) on account of production cut by China and import reduction. This has proved propitious for the refractory market in India which is highly correlated with the steel production and demand. The dubiety in the market brought by the phasing out of high value currency impacted the revenues of ORL in the last quarter (though lower than expected) +11.3% (y-o-y) in Q3FY17 vs 19.2% (y-o-y) in H1FY17....
Infrastructure exclusivity in Mumbai upto 2020, in adjoining area upto 2030 and in Raigad upto 2040 will only add to its competitive advantage. Tariff flexibility- new operator can use MGL's pipeline network only on payment of transportation tariff- together er with plans to incur around Rs....
Hefty growth in the loan book at 28.8% in the last quarter has allowed Can Fin to prove its consistency in this fiendishly difficult housing finance industry. The alacrity in the loan book is galvanized by the housing loans to the non salaried class which grew by 90.5% last quarter. The overall non salaried book grew by a strong 65.5% in Q3FY17 which increased its share to 23% of the total book from 17.8% in Q3FY16. The company experienced the expected hit of demonetization in its disbursements which fell by 7.1%...
