higher revenues. The company's consolidated net profit had stood at Rs 3,313.47 crore in the quarter ended on March 31, 2020. Its total income during January-March increased to Rs 10,510.33 crore, from Rs 10,148.26...

Coal India Ltd.'s quarterly profit rose, missing estimates, amid cost control measures and an increase in other income. State-owned Coal India on Monday reported a marginal 1.1 per cent decline in its consolidated profit at Rs 4,586.78 crore for the quarter ended March 2021 on the back of lower sales. The...

price support may able to improve its margin. Disclaimer: This Research Report is for the personal information of the authorized recipient and doesn't construe to be any investment, legal or taxation advice to the investor. It is only for private circulation and use. The Research Report is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon as such. No action is solicited on the basis of the contents of this Research Report. The Research Report should not be reproduced or redistributed to any other person(s)in any form without prior written permission of the SMC. The contents of this material are general and are neither comprehensive nor inclusive. Neither SMC nor any of its affiliates, associates, representatives, directors or employees shall be responsible for any loss or damage that may arise to any person due to any action taken on the basis of this Research Report. It does not constitute personal recommendations or take into account the particular investment objectives, financial situations or needs of an individual client or a corporate/s or any entity/s. All investments involve risk and past performance doesn't guarantee future results. The value of, and income from investments may vary because of the changes in the macro and micro factors given at a certain period of time. The person should use his/her own judgment while taking investment decisions. Please note that SMC its affiliates, Research Analyst, officers, directors, and employees, including persons involved in the preparation or issuance if this Research Report: (a) from time to time, may have long or short positions in, and buy or sell the securities thereof, of the subject company(ies) mentioned here in; or (b) be engaged in any other transaction involving such securities and earn...

Mahindra & Mahindra's business is diversified across farm equipment, auto and automotive components, real estate, hospitality, information technology, defence and aerospace and financial services, M&M; turnaround Q4 result The results include the combined earnings of M&M; and Mahindra Vehicle Manufacturers (MVML), which is a manufacturing unit of M&M.; It has reported Consolidated Revenues at Rs21,456 crores up 32% and consolidated Q4 PAT...

Siddhartha Lal, managing director of Eicher Motors, said, 'It has been a challenging year for the industry with the COVID-19 pandemic leading to disruption in production, supply chain and retail operations. We remained agile and responded swiftly by reworking our...

The company has repaid debt of about $580 million in Fy21. The sale of branded formulations in India business for Q4 FY21 stood at Rs 2,670.90 crore, rising 12.9% over Q4 FY20, accounting for 31.7% of total sales. Sun Pharmaceutical Industries holds approximately 8.2% market share in the over Rs 1,474 billion Indian pharmaceutical market as per AIOCD AWACS MAT March 2021 report. For Q4 FY21, the company launched 31 new products in the Indian market. For US formulations (including Taro), sales were at $370 million, recording a decline of 1.3% over Q4 last year and accounting for about 32% of total consolidated sales. Taro, a US-based...

Revenue and EBITDA from the discontinued operations (Fertiliser Business) for Q4FY21 stood at Rs.560.96 Cr. and Rs.33.16 Cr. (Q4 FY 20: Rs.622.73 Cr. and Rs.68.11 Cr.) respectively which is not included in the financials above. The Fertiliser Business divestment process is expected to be completed by Q2FY22 after receipt of NCLT approvals for the Scheme of Arrangement amongst other pending approvals. While the signs of economic recovery picking up momentum was visible during the Q4FY21, the...

in operating profit to Rs 8,440.00 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 49.27% to 33.60%. Purchase of finished goods cost rose from 0.50% to 0.65%. Employee cost decreased from 4.02% to 2.39%. Other expenses rose from 29.58% to 32.47%. Cost of Sales fell from 58.35% to 39.59%. Inventories cost rose from...

Performance for the quarter ended March 2021 Total consolidated income from operation inclined 23% to Rs 4,204.88 crore for the fourth quarter ended March 2021. OPM decreased by 150 bps to 29.4%. The decrement in OPM was due to gain in freight & forwarding cost by 220 bps to 23.4%, employee costs by 70 bps to 6.6%, other expenses by 60 bps to 15.4%, and raw material costs by 40 bps to 7.2% as percentage to sales and net of stock adjustments, partially offset by decline in power & fuel cost by 340 bps to 17%. As a result, the OP growth trimmed to 17% at Rs 1,237.78 crore....

20.69% of total sales). Sales of Others segment has gone up 7.81% to Rs 69.00 crore Aluminium segment has gone up 12.64% to Rs 5,969.00 crore (accounting for 14.51% of total (accounting for 0.17% of total sales). Sales of Novelis segment has gone up 34.42% to Rs...

net interest income as well as non interest income, while bank has improved cost to income ratio. Bank has posted robust improvement in asset quality on sequential basis as well as over a year earlier level. Bank has maintained stable Net Interest Margin (NIM) helping Net Interest Income (NII) growth to accelerate in Q4FY2021. Bank has maintained business growth steady...

Indian Oil Corporation net sales has increased 1.47% to Rs 119747.09 crore. Sales of Petroleum Products segment has gone up 16.21% to Rs 1,58,444.19 crore (accounting for 93.72% of total sales). Sales of Other Business Activities segment rose 2.50% to Rs 4,234.64 crore (accounting for 2.50% of total sales). Sales of Petrochemicals segment has gone up 48.75% to Rs 6,382.61...

sustainability, and new automotive technologies to deliver a strong market performance, which shall create long-term shareholder value. Thierry Bollore, Chief Executive Officer, Jaguar Land Rover said, Despite the pandemic, this year has also seen significant positive change culminating in February with the launch of our Reimagine strategy focused on reimagining our iconic British brands. Although it is still early days, we have made significant progress in implementing it. Jaguar Land Rover is well placed to emerge from the pandemic as a stronger and more resilient company that is able to navigate and capitalise on the opportunities ahead....

Europe was partly offset by decline in North America Generics (NAG). Pharmaceutical Services and Active Ingredients (PSAI) segment revenue rose 10% to Rs 791.50 crore in Q4 FY21 over Q4 FY20....

L&T; Q4 Results, PAT rises 3% YoY to Rs 3,293 cr; Beats Estimates On Order Flow leading to 25% rise in operating profit to Rs6388.93 crore. Other income rose 56% to Rs 1028.26 crore. Provision for interest up 4% to Rs 853.07 crore. Provision for depreciation rose...

UPL registered an all round beat on March 2021 quarter earnings, with consolidated profit rising 72 percent year-on-year to Rs 1,063 crore on strong operating growth. The profit was also higher due to lower exceptional cost at Rs 80 crore in Q4FY21 against Rs 171 crore in the corresponding period of the previous fiscal. Exceptional cost of Rs 80 crore reported for the quarterly mainly included the cost related to restructuring in Europe, provisions related to litigation costs in North America, and fire incident in India. Consolidated revenue from operations grew by 15 percent to Rs 12,796 crore compared to the...

Provision for interest rose 16.37% to Rs 29.86 crore. Provision for depreciation rose 9.69% to Rs 213.35 crore. Profit before tax grew 65.47% to Rs 1,150.46 crore. Share of profit/loss was 47.73% higher at Rs 5.85 crore. Provision for tax was expense of Rs 286.42 crore, compared to Rs 218.97 crore. Effective tax rate was 24.77% compared to 31.32%. Minority interest...

The company sold 15.68 lakh units of motorcycles & scooters in Q4 FY21 as against 13.23 lakh units sold in Q4 FY20, registering a growth of 18.5% on a YoY basis. The company, however, recorded 19.8% drop in consolidated net profit to Rs 2917.75 crore on...

tax liabilities of Rs. 2,112 crore in consolidated performance of Q4FY20, the company normalised net profit jumped 57% to 1174.13 crore. The Company's reported robust operating margin (OPM) at 25.6%, a jump of 310 bps from corresponding previous quarter, driven by sales volume growth and efficiency management. The...