Top-line increased due to higher realization amid lower sales volume: On the back of around 44.9% Y-o-Y rise in the realization of core branded products, APL reported a 11.5% Y-o-Y increase in the top-line to Rs. 13,158.7mn. Demonetization (DeMo) led to lower sales volume of core products, which declined by 10.8% Y-o-Y to 0.23mn tonnes in Q4 FY17. Black and GI pipes sales was severely impacted and declined by 43.5% and 12.9% Y-o-Y, respectively. On an annual basis, top-line increased by 7.9% (lowest in last five years) to Rs. 45,450mn. Sales volume of core products and realization increased by 4.2%...
Top-line grew by 36.6% Y-o-Y: In Q4 FY17, SPL reported a 36.6% Y-o-Y rise in the operating revenue to Rs. 4,394mn. The increase in the top-line was mainly attributable to higher realizations and the business from the trading activities. Business from normal activities is anticipated to have increased by around 13% Y-o-Y to Rs. 3,600mn in Q4 FY17. Annually, for FY17, top-line reported a modest rise of 2.2% to Rs. 12,034mn. Higher coking coal price pull down EBITDA by 19.7%: Q4 FY17 quarter was characterized by the higher coking coal prices, which mainly led to a 64.1% Y-oY increase in the cost of material consumed. Consequently, total operating...
Dhanuka Agritech Ltd. (Dhanuka) manufactures a wide range of agrochemicals such as herbicides, insecticides, fungicides, plant growth regulators in various forms liquid, dust, powder and granules. The company has been performing well since the past two years even though it has been subject to headwinds such as unpredictable monsoon and volatile currency movements. Dhanuka has displayed stellar growth with...
CGL's has announced on March 09, 2016 that it has sold its international transmission and distribution business to First Reserve International, a US Relative Capital Market Strength private equity fund, for enterprise value of 115 million euros, (about Rs 1.2...
Valuation: We initiate coverage on IndusB with a BUY' rating at a target price Rs1,080 per share, determined after assigning 70% weight to P/ABV based fair value (Rs1,144) and 30% to DCF (FCFE) fair value (Rs931). To determine P/ABV...
JSW Energy Ltd. (JSWEL) (a part of USD 11bn JSW Group), is an integrated power company having presence across the industry value chain (including lignite mining, power generation, power transmission & trading and power...
