BAJAJ AUTO LIMITED| Auto & Auto Components Exports and 3Ws to provide fillip...domestic demand challenges persist Bajaj Auto's topline expanded by 19.1% yoy on 9% volume growth and 10% realization growth. This was a sequential growth of 16.2%. Sequentially the volume growth was 13.8%. During the quarter, domestic motorcycles de-grew by 11% yoy, while 3Ws zoomed by 88% yoy. Exports motorcycles grew by 31% yoy, while 3Ws growth was at 8%. Realizations grew by 9.6% yoy in...
With gradual opening up of the economy, increased vaccination and upcoming festive demand & wedding season, Raymond witnessed a strong recovery in demand for its B2C business. Revenue almost doubled both sequentially and on YOY basis to reach 1,551 crores (c.87% qoq and 130% yoy growth). Despite rising cost inflation, the company was able to earn higher EBITDA...
Polycab witnessed a strong recovery in demand across segments resulting in a topline growth of c.66% and 48% sequentially and YOY respectively. The company reported one of the highest quarterly revenues of 3,129 crs with wires & cables (w&c;) contributing around 84% followed by FMEG c.11%. The growth was on the back of increasing market share across segments and...
Earnings in 2QFY22 re-acknowledge our conviction that ICICI Bank is preparing for sustainable, prudent and cautious growth with improvement in economic activities. The bank has reported its 2QFY22 results with the key pointers being: 1) Strong NII growth of 25% YoY, with headline NIMs...
Federal Bank reported 2QFY22 earnings in line with our expectations and the key pointers are a) timely capital infusion, b) lower slippages led to significant reduction in GNPA, c) business growth on track, d) lower provision expenses because of lower loan loss write-backs and e) The...
INDIAN ENERGY EXCHANGE (IEX) | Power Exchange IEX reported a strong quarter with revenue growing by c.21% sequentially and c.56% over same period previous year. Margin expanded both sequentially by 387 bps and YOY by 790 bps to 86.1% led by lower other expenses and strong operating leverage. Volumes traded on platform continued their growth momentum with volumes growing by almost c.21% sequentially and...
There has been a rapid pick up in Craftsman Automation Ltd (CAL)'s financials observed in Q2 of FY22 on both yoy and qoq basis. Revenues grew by 154% yoy on low base but by 31% qoq to 5.7 bn. Power train business expanded 60% yoy and 25.7% qoq in Q2 as CV industry has started...
HDFC Bank reported a strong trend on assets quality and operating performance in 2QFY22. The absolute GNPA amount decreased 4.4% sequentially, which resulted in improvement in GNPA ratio to 1.35% v/s 1.47% in the previous quarter. The reported GNPA is well below the...
Mrs. Bectors Food is a well-established player in the biscuit and breads segment in the Northern region of India. The company ranks among top 2 in the premium and mid-premium biscuits category in Punjab, Himachal Pradesh, Ladakh and J&K.; The company holds a market...
City Union Bank (CUB) has demonstrated consistency in profitability by focusing on risk at a time when most of its peers were looking for scale. Over the last ten decades, CUB leveraged its trust and relationship with SME in its circle of competence by ring fencing the risk. In our view CUB...
