Quick Finance Updates

  • HPCL reports Q3FY19 net profit at Rs. 247.5 crore – 5th Feb 2019
    Net profit slipped by 77.3% q-o-q to Rs. 247.5 crore from Rs. 1,092 crore.
    Revenue gained 6.8% q-o-q to Rs. 72,112 crore from Rs. 67,518 crore.
    EBITDA dipped by 68% q-o-q to Rs. 963.2 crore from Rs. 3,009 crore.
  • Dish TV Q3FY19 consolidated net profit at Rs. 152.7 crore – 5th Feb 2019
    Consolidated net profit at Rs. 152.7 crore versus Rs. 19.70 crore (QoQ).
    Consolidated revenue down by 6% to Rs. 1,517.4 crore versus Rs. 1,614.3 crore (QoQ).
    Consolidated EBITDA fell by 4.1% to Rs. 517.6 crore versus Rs. 540 crore (QoQ).
    Cons EBITDA margin at 34.1% versus 33% (QoQ).
  • Marico Q3FY19 net profit surges by 12.7% y-o-y – 5th Feb 2019
    Net profit rose by 12.7% y-o-y to Rs. 251.7 crore from Rs. 223.3 crore.
    Revenue surged by 14.6% y-o-y to Rs. 1,861 crore from Rs. 1,624.3 crore.
    EBITDA increased by 15.8% y-o-y to Rs. 349 crore from Rs. 309.3 crore.
  • Tech Mahindra Q3FY19 net profit at Rs. 1,203 crore – 5th Feb 2019
    Net profit rose by 13% q-o-q to Rs. 1,203 crore from Rs. 1,604 crore.
    Revenue increased by 3.6% q-o-q to Rs. 8,944 crore from Rs. 8,630 crore.
    EBIT advanced by 8.7% q-o-q to Rs. 1,439 crore from Rs. 1,324 crore.
  • Inox posts strong set of numbers for Q3FY19 – 5th Feb 2019
    Net profit at Rs. 36.5 crore versus Rs. 13.2 crore.
    Revenue rose by 33% to Rs. 433 crore versus Rs. 326 crore.
    EBITDA surged by 80.4% to Rs. 83.5 crore versus Rs. 46.3 crore.
  • Gail Q3FY19 net profit falls by 14% – 5th Feb 2019
    Net profit down by 14% to Rs. 1,681.23 crore.
    Ebitda down 8.7% to Rs. 2,673.48 crore.
    Margin at 13.5% versus 15.18%.
  • Apollo Tyres Q3FY19 net profit down by 19% y-o-y – 5th Feb 2019
    Revenue up 16% to Rs. 4718 crore.
    Net profit down by 19% to Rs. 198 crore.
    Ebitda up by 6% to Rs. 528 crore.
    Margin at 11.2% versus 12.2%.
  • Bharat Financial surges on completion of transaction in FY19
    Shares of Bharat Financial Inclusion rose by 3% to Rs. 965.25, after the company has completed the seventh direct assignment transaction of Rs. 751.19 crore in FY19.
    The company has assigned a pool of receivables of an aggregate value of Rs. 751.19 crore to one of the largest private sector banks on a Direct Assignment basis as per the guidelines prescribed by the Reserve Bank of India. This is the seventh Direct Assignment transaction in FY19. With this transaction, the company has completed Direct Assignment transactions worth Rs. 5448.40 crore in FY 19.
    At 12.30 pm, Bharat Financial Inclusion was trading at Rs. 966, up by 2.84%, with a volume of 3335 shares on the BSE.
  • Jubilant FoodWorks found guilty of not passing on GST rate cut benefit – 6th Feb 2019
    Jubilant Foodworks has been found guilty of not passing on GST rate cut benefit (GST rate on restaurants was cut to 5% without Input Tax Credit (ITC) from 18% with ITC, with effect from November 15, 2017) on sale of some pizza products.
    Reacting to this news shares of the company declined by 5% to Rs. 1323.9
    That quantum of rate cut benefit earned by Jubilant FoodWorks is about Rs. 41.4 crore and National Anti-Profiteering Authority (NAA) has directed the company to deposit the illegal gains with the government.
  • Greaves Cotton Q3FY2019 results in-line with estimates – 5th Feb 2019
    Greaves Cotton Q3FY2019 results were in line with estimates across parameters.
    The revenues at Rs. 507 cr is up 13% YoY and in line with our estimates of Rs. 516 crore. The revenue growth is largely driven by the growth in the engine segment revenues. Also the acquisition of Ampere vehicles (manufactures electric scooters) also boosted the topline growth.
    Operating margins at 13.9% are flat on a YoY basis and broadly in line with our estimates of 14.2%. The increase in the raw material cost was fully offset by savings in the employee cost. The EBITDA at Rs 71 crore is up 13.4% and largely in line with our estimates of 73 crore.
    The tax rate for the quarter stood lower at 29.4% as against 43% in Q3FY2018 which boosted the PAT growth.
    During the quarter the company reported an exceptional expense amounting to Rs. 5 crore as a provision towards deposits worth Rs. 20.50 cr with IL&FS which are due for maturity in Feb 2019.
    Adjusted PAT at Rs 48 cr is up 45% YoY and in line with our estimates. Reported PAT for the quarter stands at Rs. 43 crore.
  • India Services Purchasing Managers’ Index at 52.2 in January – 5th Feb 2019
    The Nikkei/IHS Markit Services Purchasing Managers’ Index declined to a three-month low of 52.2 in January from 53.2 in December, but remained above the 50 mark separating growth from contraction for an eighth month.
    A composite index, taking into account both manufacturing and services activity, remained unchanged at December’s 53.6, helped by an unexpected acceleration in factory activity.
  • Coal India approves Rs. 1,050 crore share buyback – 5th Feb 2019
    The Board of directors of Coal India has approved buyback of 4.46 crore equity shares (0.72% of outstanding equity shares) at Rs. 235/share per aggregating up to Rs. 1,050 crore.
    At 10.44 am, Coal India was trading at Rs. 220.20, down by 0.83%, with a volume of 0.79 lakh shares on the BSE.
  • Bharti Airtel drops as Moody’s downgrades rating to Ba1 – 5th Feb 2019
    Shares of Bharti Airtel declined nearly 4% to Rs. 293.3, as Moody’s Investor Service downgraded it by one notch to Ba1 from Baa3.
    Moody’s Investor Service downgraded Bharti Airtel Ltd, on concern that cash-flow generation at India’s second largest telecom operator will remain weak for several quarters to come. Moody’s downgraded the rating by one notch to Ba1 from Baa3, marking the first time an international rating agency has downgraded the stock. Ba1 rating is a non-investment grade rating.
    At 10.14 am, Bharti Airtel was trading at Rs. 295.85, down by 3.51%, with a volume of 2.61 lakh shares on the BSE.

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