make up for significant part of revenue that would be lost due to COVID related shutdown. Overall, we expect a degrowth of 11% duringFY21followedbya18%growthinFY22. The company has taken various cost cutting measures during Q1 FY21.Weexpectoperatingmargintoimprovegraduallyasexecution ramps up in subsequent quarters. For FY22, we expect superior revenuemixandcostcuttingmeasurestodriveprofitability. ThecompanyisexpectedtofurtherinvestRs.500mninitsRoadBOT...
Commercial/ Residential real estate activities expected to remain sluggish & will take longer time to recover, while data centers&healthcarewouldlikelytosupportpowergenbiz.Rail &Mining(55%ofindustrialsales)toleadindustrialbizrecovery innext23quarters.Significantdemanduncertaintiespersistin...
During the quarter, the Company received new orders worth ~Rs.3.2bn in Conductor segment. New order inflows were significantly lower yoy with delays in awarding new tender due to...
increase in NSR sequentially owing to pricing tailwinds in operatingmarketsandhighershareoftrademix(+1015% shift in mix towards trade segment). However, operating marketsofBCORPwitnessedstablepricingwhiletrademix hasbeenhighhistoricallyforthecompany(8085%ofsales) leavinglessscopeforincrementalimprovement. Cost optimization measures and stable pricing translated into EBITDA/te of Rs 981 (5% y/y). Absolute EBITDA...
Domestic laminate revenues degrew by 65.7% y/y while international laminate revenues marginally declined by 12.9% y/y. Further on y/y comparison, domestic veneer/wood flooring/doors witnessed sharp decline in sales of 75.4%/70.9%/27.4% respectively. Accordingly, totalnetsalescameinatRs1,604mn(44.6%y/y). AlthoughGRLMmanagedtoreduceoperatingcostsby37% y/y,theverynatureoflaminateindustryremainsfixedcost...
Volume degrowth of SGC at 32% y/y was inline with industrydemanddegrowth.Consolidatedvolumesforthe quarterwas0.56MT.AccordinglynetsalesofRs2,641mn witnessed a decline of 23.3% y/y. Green shoots were particularly visible in rural segment demand and Government orders in Andhra during Q1 both are expectedtosustaingoingaheadaswell. EBITDA/te for Q1FY21 stood at Rs 1,568 (+64%...
Earnings in the gold loans business were strong, driven by healthy valueled AUM growth (4.5% qoq/33% yoy), substantial shift towards online gold loans (63% of book) andsustainedcostreduction.However,45%qoqdeclinein goldholdingsandactivecustomerbasewasdisappointing. Invehiclefinance(5%ofAUM),AUMdeclinedby6%qoq. GrossNPLsspikedfurtherinQ1FY21to10%andsignificant provisionsweremadetocontainNetNPLsat4%.Collection...
Co. utilized strong operating performance to make additional provision of Rs400mn pertaining to likely Covid impact. Overall ECL cover rose to 1.8% of loan book (1.5%...
Recovery was witnessed across all segments in June. Overall revenueswerehigherby4%yoyinJuneledby12%increasein B2Cbusiness.B2BbusinessremainedmutedinJunecompared...
Two new owned sorting centres are also expected to start by Q3 FY21whichwouldhelpreducerentalcosts. WeexpectutilizationtoreachPreCOVIDlevelsbystartofH2FY21. Webelievesignificantpartofrevenuelosswouldbecoveredupin...
