Team-MoneyWorks4meDear Readers,
Welcome to our weekly company result update note. We understand the importance of staying up-to-date with the latest financial developments of the companies you have invested in. That’s why we are committed to providing you with short and insightful information about the earnings and performance of the companies in our coverage.
In addition to the weekly company result update, after the end of the earnings season, we will also be sending you a quarterly sector result review. This will give you a broader understanding of how these sectors are performing and help you make informed decisions about your investments.
Britannia Industries Ltd
Strong numbers. Despite aggressive price hikes Britannia sustained its volumes and improved its margin performance.
Allcargo Logistics
Results were on-par, EBITDA margin expansion key catalyst going forward. GATI business seeing positive traction.
Adani Ports
Good results, with improving volumes guidance and debt reduction to help strengthen fundamentals.
TVS Motors
Slightly better than estimated results led by improvement in margin even after higher sales from its low margin EV iQube.
Bata India Ltd
Good result. Revenue growth will be supported by an increase in the casual and premium portfolio, along with a strong expansion strategy through franchising, distribution channels, and own e-store.
Avenue Supermarts Ltd
Muted Results on account of lower consumer spending in general merchandise and apparel persisted, impacting the margin mix.
Power Finance Corporation
Good results with stable NIM & reduction in NPAs. Infrastructure sector lending up to 30% of advances to help diversify & grow loan book.
Jubilant Foodworks
Weak numbers, Margin contraction on account of Agri inflation. Company is reluctant to pass on full inflation in order to secure volumes.
Astral Ltd
Good numbers on account of strong traction in plumbing and P&A segments.
Apollo Hospitals Enterprise Ltd
At par result. Revenue growth is mainly supported by healthcare as well as HealthCo (Pharmacy) business.
Sundaram Finance
Good results driven by advanced growth & improvement in asset quality.
Eicher Motors
Earnings beat estimates on the back of increasing ASP as well as an improved mix.
Aegis Logistics
Results were subpar, with positive improvement in liquid & LPG distribution segments.
Balkrishna Industries
Below par result impacted by margin contraction due to high raw material costs. Sharp rise in depreciation and Interest cost has impacted PAT.
Ashok Leyland
At par result with improvement in MHCV market share, however LCV segment remains a reason to with increased competition.
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Ketan Pitrubhakta
Yog Rajani
