Deleveraging surprises as Europe disappoints
Deleveraging (Rs 103bn in Q3FY21) through controlled capex aided by a strong steel cycle, and significant working capital..
Festive fervour aids strong operational recovery
ABFRL reported a strong QoQ recovery aided by festive demand and wedding season. Overall revenue recovery reached 80%..
Recovery momentum remains strong
Pointers from Q3FY21: (1) The company’s 9MFY21 revenue decline is 4.2% which is in line with 9MFY21 revenue decline of 3% of As..
Execution pickup will unlock value
Garden Reach Shipbuilders & Engineers (GRSE) reported an inline Q3FY21. While revenues were down 3%YoY, EBITDA was Rs416mn (Q3F..
Solid delivery yet again; fresh capex on the anvil…
Balkrishna Industries (BIL) reported robust Q3FY21 results. Standalone revenue was at | 1,505 crore (up 30%..
Accelerated provision marred earnings; capital sufficiency to help tackle current cycle
Spandana Sphoorty’s (Spandana) Q3FY21 performance was characterised by a..
Strong growth in Non-cotton seed portfolio
Highlights from Kaveri Seed Company’s Q3FY21 earnings: (1) Non-cotton portfolio i.e. hybrid rice seeds, selection ric..
Robust recovery, order book in place…
Shaily reported a fairly strong performance in Q2FY21 & Q3FY21, helping cover up its revenue losses occurred due to p..
Greenfield plants challenges persist
Varroc Engineering’s (VEL) Q3FY21 operating performance was a miss on consensus estimates as EBITDA margin came in at 7.1% ..
Positive outlook prompts upgrade to BUY…
Gabriel India (GIL) reported a solid Q3FY21 performance. Net sales for the quarter were at | 536.5 crore, up 17.8% YoY..
GSL upgrade EBITDA guidance
Galaxy Surfactants’ (GSL) Q3FY21 adjusted EBITDA/kg at Rs18.1 raises confidence on sustainability of higher profitability, and manag..
Weak performance; margins stable
Abbott India Limited’s (AIL) Q3FY21 performance was muted and lower than our estimates. Revenue grew 1.6% YoY to Rs10.9bn (I-Se..
Rupee falls 10 paise to 73.94 against US dollar in early trade
Rupee strengthens against US dollar on Tuesday
Rate decision, US stimulus likely constraints to rupee's further appreciation
Rupee slips on RBI's dovish stance, 'loose' policy
Currency Squeeze: Rupee expected to weaken further
Vi claims to record top 5G speed of 3.7 gbps in its ongoing trials
FDCI X Lakme Fashion Week to take place in October
US official privately criticised RBI ban on Mastercard
KT Rama rao invited to World Economic Forum's annual meeting
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