Ashok Leyland (AL) reported slender profits of 57.6 mn, however adjusted for exceptional item of 421 mn, the company reported losses at 362 mn which were still lower than 832 mn of yoy while dropped by 100 bps qoq. LCV market share saw a growth since its recent launches like the Bada Dost performed exceedingly well. On the back of 3% fall in volume yoy, and increased...
MAHINDRA & MAHINDRA LIMITED | Auto & Farm Equipment Strong order book points towards robust volumes hereon Margins tainted by high RM costs M&M's Q3 FY22 numbers came in line with our expectations at the topline at 152 bn, a growth...
In 3QFY22, Bank of Baroda (BOB) has delivered a superior result on operating and assets quality front. The fresh slippages were significantly lower at 28bn v/s 52bn in 2QFY22. Furthermore, the reduction (up-gradation & recovery) stood 70bn v/s 93bn in the previous quarter. It reported...
State Bank of India (SBIN) has delivered good results on operating and asset quality front. Reported gross slippages stood at 23bn v/s 42bn in the previous quarter. Its reported GNPA (4.5% v/s 4.9% in 2QFY22) and NNPA (1.34% v/s 1.52% in 2QFY22) improved noticeably along with stable...
led by festive and wedding seasons. The company recorded a strong topline as well as bottomline growth of 44% and 237% respectively yoy. All the business segments witnessed record high and Ethnic wear. This quarter was an active quarter for the company in terms of higher consumer...
61% yoy growth in Revenues. The company reported a robust EBITDA performance as it grew by 86% yoy on the back of strong execution and improving cost structure. However, the numbers On the profitability front, EBITDA margins came in at 22.3% which were up by 380 bps yoy but down by 90 bps qoq. The order book now stands ~566 bn with the company adding ~57 bn in...
witnessed a 100% demand recovery in the Indian markets in both the HORECA and retail side, however, markets such as Middle East is yet to see a good recovery. The company has targeted to grow at a CAGR of 10-12% for the next five years with a modest margin expansion target of 140-150bps. We expect LTF to easily achieve this target with the continued growth and expansion...
reduced by 8% sequentially. In retail banking, 2-wheeler segment and CV segment have higher GNPA ratio of 9.3% and 3.6% respectively; However NPA ratio inched down in both segment. BBG/LAP segment has GNPA of 2.9%. Stress in MFI has GNPA ratio of 3.2%. The SMA1/SMA2 stood at 25bps and 59bps respectively. The standard restructured assets went down and stood ~76bn (3.3% of book) v/s 80bn (3.6%). Vehicle finance and MFI contributed around 50% (37bn) and 13% (10bn) of restructured pool. The bank's provision expenses down sequentially to 16.5bn v/s 17bn in the previous quarter. The total provisions (including contingent) stood at...
Kotak Mahindra Bank (KMB) reported superlative 3QFY22 results with the key pointers being: a) profitability (PAT inclined 5% sequentially) on the back of strong NII (up 8% QoQ) and provision write-back, b) PPOP lagged because of MTM losses and higher operating expenses (C/I: 53%...
Raymond consolidated its Engineering business in this quarter which saw growth of c.28% yoy in topline mainly driven by export markets of US, Europe, Asia & Africa. The Real Estate business has year by a huge margin which inturn will reflect on the bottomline. We believe the company is...
