#q1fy21

[khabrisala]

After muted Q1FY21, pace of volume recovery key for IGL

After muted Q1FY21, pace of volume recovery key for IGL

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City gas distributor, Indraprastha Gas Ltd’s (IGL) June quarter earnings were depressed as covid-19 disruptions adversely impacted performance. Revenues declined by 59% year-on-year to ₹639 crore. This was driven by a sharp 57% year-on-year fall in sales volumes to 2.72 mmscmd (million standard cubic meters per day). The company’s compressed natural gas (CNG) sales were hit more than the…

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[khabrisala]

BPCL sails through Q1FY21; news on its divestment will be key for the stock

BPCL sails through Q1FY21; news on its divestment will be key for the stock

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Last month, shares of state-run Bharat Petroleum Corp. Ltd (BPCL) had increased by about 25% in just four trading days on renewed expectations about its privatization. News reports suggested that many firms intended to participate in the bidding process and this boosted sentiments. However, with the deadline for submission of expression of interest being extended to September-end, the…

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[khabrisala]

Pandemic makes Trent’s Q1FY21 performance seem lacklustre

Pandemic makes Trent’s Q1FY21 performance seem lacklustre

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When retailer Trent Ltd announced its March quarter results (Q4FY20) in May, the initial signs of covid-19 disruption were visible. After all, standalone revenue growth had dropped to 8% in Q4FY20 from around 30% in the previous three quarters.

With the nationwide lockdown remaining in place for a good part of the June quarter, Q1FY21 results show a much more pronounced impact of the…

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[amitbchoudhury]

Shipping Corp reports Q1 net profit of Rs 317 crore, highest in 54 quarters

Shipping Corp reports Q1 net profit of Rs 317 crore, highest in 54 quarters

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State-run Shipping Corporation of India Ltd (SCI) reported a stand-alone net profit of ₹317.48 crore in the April-June quarter, its highest quarterly net profit in 54 quarters as tanker earnings soared after oil refiners and traders chased crude oil tankers for storage on the high seas, driving up rates in April.

India’s biggest ocean carrier had reported a loss of ₹39.36 crore in the…

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[khabrisala]

Tata Consumer’s shares re-rate after Q1FY21; valuations match Britannia

Tata Consumer’s shares re-rate after Q1FY21; valuations match Britannia

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MUMBAI: Shares of Tata Consumer Products Ltd have undergone massive re-rating since its June quarter results. The non-alcoholic beverages and food company delivered a strong set of results, with pre-tax earnings rising around 42% year-on-year.

But the stock’s 14% jump in three trading days is clearly taking things a bit far. In fact, Tata Consumer shares now trade at nearly 47.3 times…

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[khabrisala]

Marico’s best ever margins in Q1FY21 push the stock to 2020 high

Marico’s best ever margins in Q1FY21 push the stock to 2020 high

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Marico Ltd has kept its eye on the ball amidst trying circumstances, and reported its best ever profit margins in the June quarter.

Consolidated earnings before interest, tax, depreciation and amortisation (Ebitda) margins expanded by 298 basis points to 24.3%. One basis point is one-hundredth of a percentage point. As such, Ebitda was 10-13% above Jefferies India Pvt. Ltd and Kotak…

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[digitaltariq]

Bajaj Finserv - Q1FY21 Result Update - ICICI Securities

Bajaj Finserv – Q1FY21 Result Update – ICICI Securities

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Bajaj Finserv reported steady traction in its lending business. Slower premium accretion in insurance got offset by strong investment gains. Higher topline coupled with lower claims & cost control led earnings. Consolidated topline came in at 15.6% YoY to Rs. 14192 crore, primarily led by a healthy performance in lending business & strong investment income in insurance business. Lending…

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[khabrisala]

Rallis India Q1FY21 revenue dips, but profit margin remains robust

Rallis India Q1FY21 revenue dips, but profit margin remains robust

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The March quarter was disappointing for agrochemicals firm Rallis India Ltd. The covid-19 pandemic weighed on its performance, curtailing dispatches domestically and internationally. Its March quarter year-on-year (y-o-y) consolidated revenue growth dropped to 2%. While this increased to 6.3% in the June quarter, its revenues belied Street estimates.

However, the June quarter strong…

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