Yes Securities Broker Research reports

Crompton's numbers are a beat on all fronts. Revenue outperformancewasledbyfasterrevivalinitsB2Cbusinessin June,whereinitmanagedtorecoverto90%oflastyear'slevel. Secondarysalespickupwassimilartoprimarysalesandoverall...

EBITDA margins contracted across all segments except Motion. EBITDAmargincameinat2.4%down480bpsyoy,(muchaheadwith our/cons est. of 4.7%/4.3%) as lower revenues was offset to a...

ICICI Bank's core PPOP was 15% higher than our estimate, courtesy a better NII growth and a relatively resilient fee performance despite substantially lower activity levels....

of preceding months being received. Total covidrelated provisionsstandatRs2.8bn,near1%ofloanbook. Thoughmanagementexpectscollectionstofurtherimprove in JulyAugust, we believe delinquencies could spike as...

PAT would have been 12% and 240% higher than our estimate.Conservatismwasalsoreflectedinthebankadding Rs7.3bn to its contingent provisions balance which now...

Lower disbursements (VAF down 67% yoy) and collections (75% of customers under moratorium) directly suppressed large cost components like travelling, commissions and conveyance. Renegotiation of fixed costs (rentals, outsourced services, etc.) and reduction in discretionary costs (advertising, etc.) also pulled down the opex. On-roll manpower has been...

performance. On the back of strong pricing tailwinds especially for the Southern exposure of ACC and optimizationoffreightandmisc.expenses,companyposted an EBITDA of Rs 5.25 bn (32.9% y/y) 19%/9% above...

About 9% of the bank's portfolio is under moratorium as of 30th June. The proportion is higherinRetail,SMEandBusinessBankingsegmentsandlowerinCorporatesegment.Of themoratoriumportfolio,regularcustomers(0dpdasof29thFeb)comprises97%andabout...

Ascribe 9x EV/EBIDTA to FY22 EBIDTA and 1x EV/sales eachtopharmacyandAHLLbusinesses;significantlybelow consensusonvaluationgiventhesubparoperatingmetrics...

FY20 with weakness across its segments. While the Conductor segmentreported37%declineinrevenues,OilandCablessegment reported degrowth of ~22% and ~12% respectively. Also, the companywasunabletocarryinspectionsbeforedispatchduringlast fewdaysofMar'20whichimpacteddeliveries/revenuebooking. Operating margin on consolidated basis improved 35bps yoy (to 5.8%)largelydrivenbythesharpimprovementinprofitabilityinthe Conductorsegment.IncreasingshareofhighmarginHighEfficiency...