VA Tech Wabag registered strong revenues growth of 66% yoy to Rs 589 cr for Q3FY14. Strong growth in revenues was primarily led by overseas markets which grew by 102% yoy to record revenues of Rs 359 cr. Domestic markets witnessed a growth of 36% yoy to Rs 239 cr. Consolidated EBITDA increased by 95% to Rs 44 cr while EBITDA margins improved by 109 bps yoy to 7.5% on account of improved employee utilization and slower growth in other expenses. Reported PAT more than doubled in Q3FY14 to Rs 21.7 cr led by EBITDA gains and lower provisioning for tax. Order inflows remained strong with the company recording third successive quarter of...
Amara Raja Batteries is one of the largest manufacturers of lead acid batteries for both industrial and automotive applications in the Indian storage battery industry. It is the preferred supplier to major telecom service providers, Telecom equipment manufacturers, UPS sector (OEM & Replacement), Indian Railways and to Power, Oil & Gas among other industry segments. Its automotive batteries are distributed through a large pan - India sales & service retail network under the brands Amaron and Powerzone. Johnson Controls, a...
Escorts has moved up significantly since our initial Stock Idea on July 5 at Rs 74.4 and reached the target of Rs 90. Now, post the Q3FY13 results we see further upside in the stock and maintain our BUY rating and raise our target to Rs 116. Stellar Performance in Q3FY13 (Sep ending) Escorts reported splendid results for Q3FY13. Net sales increased by 16% yoy to Rs 1176 cr driven by strong growth numbers from the Agri Machinery segment. EBITDA went up by 71.6% to Rs 92.7 cr while margin increased to 7.9%, the highest in the past 12 quarters, growing by 256 bps yoy. Price hike in the months of Feb and May, change in product mix and better cost control led to...
Godrej Consumer Products Ltd (GCPL) is a major player in the Indian FMCG market with a strong presence in soaps, household insecticides and hair colour. It is one of the largest marketers of toilet soaps in the country. Four of its brands (GoodKnight, Cinthol, Godrej No.1 and Godrej Expert Hair Colour) are ranked among the 100 Most Trusted Brands' in the country by Economic Times - Brand Equity 2012. The company is expanding rapidly in the African continent with acquisitions of the Darling group, Rapidol and Kinky. It also entered...
The Escorts Group, is among India's leading engineering conglomerates operating in the high growth sectors of agri-machinery, construction & material handling equipment, railway equipment and auto components. It is one of the leading tractor manufacturers of the country, offering a comprehensive range of tractors, with more than 45 variants starting from 25 to 80 HP. Escort, Farmtrac and Powertrac are the widely accepted and preferred brands of tractors. It is the world's largest Pick 'n' Carry Hydraulic Mobile Crane...
Cheque to be drawn in favour of: "Just Dial - Escrow - R (For Retail) and ASBA Application is mandatory for HNI Customer. Objects of the Issue: The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and to carry out the sale of Equity Shares by the Selling Shareholders. The listing of the Equity Shares will enhance our brand name and provide liquidity to the existing shareholders. Business Overview: Just Dial Ltd. (JDL) is a leading local search...
Rs.5,000 for 5 Bonds (across all series) and in multiples of 1 Bond thereafter CARE AA- by CARE, CRISIL AA-/Stable by CRISIL and BWR AA+ by BWR. Dematerialised form or physical form at the option of Applicants. A) Income by way of interest on these Bonds shall not form part of total income as per provisions under section 10 (15) (iv) (h) of I.T. Act,1961, B) There will be no deduction of tax at source from the interest, which accrues to the bondholders in these bonds irrespective of the amount of the interest or the status of the investors. C) As per provisions under section 2 (29A) of the I.T. Act, read with section 2 (42A) of the I.T. Act, a...
Rs.5,000 for 5 Bonds (across all series) and in multiples of 1 Bond thereafter CARE AA- by CARE, CRISIL AA-/Stable by CRISIL and BWR AA+ by BWR. Dematerialised form or physical form at the option of Applicants. A) Income by way of interest on these Bonds shall not form part of total income as per provisions under section 10 (15) (iv) (h) of I.T. Act,1961, B) There will be no deduction of tax at source from the interest, which accrues to the bondholders in these bonds irrespective of the amount of the interest or the status of the investors. C) As per provisions under section 2 (29A) of the I.T. Act, read with section 2 (42A) of the I.T. Act, a...
Public issue of the tax free bonds in the nature of secured redeemable non-convertible bonds of the Company of face value of Rs.1,000 each, having benefits under section 10(15)(iv)(h) of the IT Act, proposed to be issued by the Company pursuant to the relevant Tranche Prospectus, for an amount up to Rs.9,215 Cr for FY 13. The Bonds will be issued in one or more tranches subject to the Shelf Limit.This Tranche-II Issue by the Issuer is of Bonds aggregating to Rs.200Cr with an option to retain...
