Low cost deposits or CASA share in total deposits stood at 23.8% by FY17 (22.4% in FY16). Bulk and certificate of deposits also constituted a significant portion of bank deposits at 18% by the end of last fiscal. Segment wise break up of loan book by FY17 include corporate 38%, retail 22%, SME 23%, agriculture 14% and others represented 14%. NIM of the SIB increased to 2.74% in FY17 as compared to 2.63% in FY16 on the back of declining cost of funds amidst the declining interest rate scenario. Cost of funds declined to 6.1% by FY17 as compared to 6.7% in year ago period....
New series of IIP introduced with base year changed to 2011-12 from 2004-05 With the increase of coverage of items under the index, volatility in IIP index has IIP Trend reduced. The weight of manufacturing sector increased to 77.6% in new series...
PSP Projects Ltd. (PSP) is a multidisciplinary construction company offering a diversified range of construction and allied services across industrial, institutional, government projects in India. Majority of the net proceeds from the fresh issue will be utilized to...
Axis Bank Ltd. (AxisB) reported Q4FY17 numbers which came in line with market expectation. While, NII grew by 3.9% YoY, as net profit during the quarter declined by (-)43.1% YoY to Rs12,251 mn due to the high provisioning against the NPAs. Assets quality remained grim, however due to strong recovery and up-gradation, GNPA ratio reduced 22 bps to 5.0%. Meanwhile, the management remained cautious about resolution of stressed loans and expects credit cost to remain higher over 2% in FY18E. Q4FY17 result analysis: Dismal performance continued by AxisB as it reported...
The Bombay Burmah Trading Corporation Limited is engaged in providing tea, coffee, autoancillary and dental products.The compnay is a part of the Wadia group. The Company's segments include Plantation Products, which produces/trades in tea, coffee, timber, cardamom, pepper and rubber; Auto Electric Companies, which manufactures solenoids, switches, valves and slip rings, among others for automobile and other industries; Weighing Products, which manufactures/trades in analytical and precision balances and weighing scales; Investments, which invests in various securities listed, as well as unlisted mainly on a long term basis; Health Care, which...
Oriental Trimex Ltd. (Oriental) incorporated in 1996, is one of the leading importers of premium quality natural marbles in India. It mainly imports from Italy, Spain, Greece, Portugal, Turkey, Egypt, Iran, Indonesia, Sri Lanka and several more countries. Headquartered in Delhi, Oriental is the only processor of natural marbles in the Delhi NCR region. The company has marketing outlets & warehouses at prominent location in Delhi, Mumbai, Chennai and Kolkata. It has processing facilities at Greater Noida in the Delhi National Capital Region, Gummidipoondi near Chennai and Singur near Kolkata. The company's processing...
With more than 46 years of experience in providing loans for housing Recommendation and urban infrastructure projects in India, Housing and Urban Development Corporation Ltd (HUDCO), have been conferred the status Price Band (per share)...
Sarla Performance Fibers Ltd. (Sarla), is engaged in the business of specialty yarn and an 100% export oriented unit with the company's head office located in Mumbai. The company's segments can be divided into three parts: commodity yarn, industrial yarn and performance yarn. After beginning as a manufacturer of commodity yarns, the company has successfully shifted its focus and established itself as a manufacturer of specialized and higher value added yarns. Over the years, SPFL has expanded its activities within India as well as overseas through creation of new facilities and the expansion of existing facilities. With clients in all major countries across the globe & a...
ENIL operates in radio broadcasting under the brand Radio Mirchi which is the No. 1 Radio Station in India with more than 63 million listeners across the country. After the Phase-III the company will have 74 frequencies in 64 cities. The company has online presence with 16 online stations which play music from...
Growing business with stable assets quality ' HDFC Bank Ltd. (HDFCB) reported a healthy set of numbers for Q4FY17, recording strong growth in NII and improvement in operating parameters. Country's second largest private sector bank, despite the big size continued to outperform the industry in terms of business growth. During the quarter, NII increased by 21.5% YoY while the NIM improved by 20 bps to 4.3% in spite of the challenging macro economic scenario. We believe that despite of big size, outperformance to peers will continue in terms of financial and operating parameters. Thus, HDFCB...
