Higher Capitalisation Continues to Aid Profitability
Power Grid Corporation of India (PGCIL) continued to deliver a good performance in 3QFY18, with its reported PAT g..
ICICI Bank posted a below-expected 3QFY18 PAT of Rs 16.5bn (EE Rs 18.7bn) dragged by 13bps qoq NIM compression, subdued non-treasury fee income growth of 2% yoy and eleva..
Back on track
Ashoka Buildcon Ltd (ASBL) reported sales of Rs6.6bn (Emkay estimate: Rs6.3bn), led by strong execution in its projects (except for the Islampur project)..
Quess Crop’s (Quess) 3Q earnings were ahead on margins but missed our revenue estimate. Variance relative to EE was largely due to Manipal contribution relative to ..
Operational performance ahead of estimates
* 3QFY18 operational results beat expectations: BHE reported revenue of INR25.1b (+23.1 YoY; our estimate: INR23.8b) and op..
* EBITDA margin contracted by 80bps qoq to 7.8% (Emkay Est: 8.6%; Consensus Est: 7.8%), as increased marketing spends led to higher other expenses. Adj. PAT grew by 16% y..
Strong domestic performance; Rural to contribute incrementally
* Dabur’s 3QFY18 consol. sales grew 6.1% YoY to INR19.7b (est. of INR20.7b). EBITDA rose 20.8% Yo..
Music Broadcast Limited’s (MBL) 3QFY18 revenues grew 5% yoy to Rs 762mn, coming in 6% below EE. However, according to the company, growth was better than the indust..
Healthy Sales Volume Aids Performance; Maintain BUY
JK Lakshmi Cement (JKLC) has reported a better-than-estimated operating performance in 3QFY18 mainly owing to lower..
New launches, better mix to drive growth
Symphony Ltd delivered healthy set of numbers for Q3FY18 with net revenue & PAT growth (standalone) of 20.9% & 20.7% Y..
Shifts to higher-margin path and sees demand pickup
JSW Steel (JSTL) reported a significant improvement in margins led by expansion of spreads (differ..
* Disappointing quarter – Consolidated revenues at Rs7.6bn up 4% yoy (+10% yoy on a comparable basis), EBITDA at Rs2.7bn (+2.4% yoy), APAT, excl. impairment and amo..
BSNL to offer more data, validity under select prepaid plans
India's IOC buys U.S. Light Louisiana Sweet oil via tender
M&S seeks technology savings through Tata tie-up
PwC to fight SEBI audit ban to limit franchise impact
Infosys signs agreement with U.S. IRS; sees lower tax rate
PNB scam: CII for hi-tech control systems, privatising PSBs
How gut bacteria may increase obesity risk
HTC reduces its US staff, merges VR, smartphone units
Samsung Galaxy S9 promo leaked before launch
Messi, Suarez on mark as Barcelona cruise past Girona
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