A slowdown or just an interim blip?
Some cooling in order inflows in the last two months, post a strong 1HFY23
* After a strong inflow during 1HFY23, awards have se..
* Superlative growth, margins boost profitability for banks in 2Q – More so for PSBs: Systemic credit growth remained strong (at 18%), as also for most PVBs/PSBs le..
Robust growth prospects ahead
* We attended Escorts’ analyst meet, where the management re-iterated its robust mediumterm growth prospects. FY28 revenue target i..
For QSRs, Q2FY23 EBITDA was marginally lower by 2-7% vs. street’s expectations, except WLDL, which delivered 6% beat to EBITDA estimates. The miss was primarily dri..
Arbitrage between the lending and deposit rates, higher credit demand, and lower loan provisions resulted in public sector banks (PSB) posting handsome profits during Q2F..
The impressive profits posted by public sector banks (PSBs) during Q2FY23 and H1FY23 and indications of good times ahead may not accelerate government divestment, experts..
Q2 EBITDA misses estimate
Exide’s Q2FY23 revenue grew 13% YoY (3-yr CAGR at 13%) to Rs37.2bn, in sync with our estimates. EBITDA was flat YoY (3-yr CAGR at 4%) a..
Q2 EBITDA above estimates; Increased wallet share to drive outperformance ahead
Suprajit Engineering’s Q2FY23 revenue increased by 45% (3-yr CAGR at 22%) to Rs7...
Q2 EBITDA beats estimates; expect benefits of commodity deflation in Q3
Apollo Tyres’ Q2FY23 revenue increased by 17% YoY (3-yr CAGR at 14%) to Rs59.6bn, slightl..
Moderation across exports and imports
* The trade deficit widened to USD26.9bn, as weak global demand continued to weigh on exports, in addition to the various export ..
Headline CPI inflation moved lower to 6.77%, helped by a favorable base, even as food inflation spiked sequentially. The cereal and spices categories led food inflation. ..
Growth, the key concern
CESC reported standalone PAT of Rs2.43bn for the quarter, up 3.4% YoY and in line with our estimates. Consolidated PAT came in at Rs3.2bn, down..
India’s RBI likely sold dollars, received forwards to stem rupee’s drop - traders
Euro testing support as Ukraine crisis looms over growth
India rupee sees worst week in seven on new variant
Indian rupee weakens against US dollar on Monday
Currency Squeeze: Rupee expected to weaken further
Vikram Wadhwa to play a cop in `Yeh Rishta Kya Kehlata Hai`
The Weeknd shares pictures of him babysitting kittens
`Drishyam 2` crosses Rs 100 crore mark at box-office
Utkarsh Sharma is inspired by his on-screen father Sunny Deol
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