Zee Entertainment Enterprises Ltd. (ZEE) reported strong set of results for Q1FY19. The company reported revenue and PAT growth of 15% and 31.3%. The growth was led by strong growth in the advertising segment which grew by 19.6%. However, subscription revenue grew at a sluggish pace of 8.2%.
Jamna Auto Industries (JAI) is India's largest and world's second largest manufacturer of leaf spring and parabolic springs for commercial vehicles. JAI enjoys a commanding market share of 72% amongst Indian OEM's and produces ~500 parts for OEMs and ~2,000 parts for after market.
Nifty futures has rolled around 64% vs 63% with respect to last month, the open interest for the new July contract is almost at par to June series. Huge long unwinding was seen in Nifty futures in the last four days of expiry. The range for Nifty might be at 10400-10800 and Banknifty at 25500-27400 for July series.
Kajaria Ceramics Ltds (KCL) Q4FY18 consolidated revenue growth of 4.1% YoY was more or less in line with our estimates, however, the company disappointed on the profit front. EBITDA de-grew by 8.2% with a 214bps YoY contraction in EBITDA margins.
Eicher Motors reported healthy set of numbers which were in line with our estimates. Its consolidated net revenue and net profit grew by 33.9% and 38.1% yoy respectively.
Wonderla Holidays Ltd posted subdued performance for Q4FY18, on back of decline in footfalls. Net revenue declined by 7.5%, whereas EBITDA and PAT margin expanded to 27.8% and 6.7%, respectively driven by improved operational efficiency.
Asian Granito (AGIL) reported mixed performance for Q4FY18. Net revenue growth stood healthy at 17.7% YoY, led by strong volume growth of 29%. However, EBITDA grew marginally by 5.3% YoY, while EBITDA margins declined by 109bps YoY to 9.3%, impacted by higher staff cost.
Post a dismal performance in 9MFY18, SML Isuzu (SML) reported healthy numbers for Q4FY18 which were marginally ahead of our estimates. Its revenue and PAT grew at 0.6% and 56.5% respectively.`
Fiem Industries Ltd (Fiem) reported strong set of numbers in Q4FY18, which were ahead of our estimates. Net revenue and EBITDA grew at 37.3% and 53.6% and reported strong PAT of Rs. 15.3 cr as against a loss in Q4FY17.
APL Apollo Tubes (APT) reported mixed set of numbers in Q4FY18 which were marginally lower than our estimates. Sales volume during the quarter grew at a strong 28% which boosted total income growth to 40.4%. However, PAT de-grew by 10.9% yoy mainly on account of lower margins and higher tax for the company.
