*Godrej Consumer Products Ltd.* | *CMP* Rs. 746 | *M Cap* Rs. 76264 Cr | *52 W H/L* 850/575
(Nirmal Bang Retail Research)
Volumes came at 7% vs expectation of 6%, QoQ 5%, YoY 5%
*Result is above expectations*
Revenue from Operations came at Rs. 2630.2 Cr (12% QoQ, -1.1% YoY) vs expectation of Rs. 2689.8 Cr, QoQ Rs. 2348.8 Cr, YoY Rs. 2659.2 Cr
EBIDTA came at Rs. 571.9 Cr (24.6% QoQ, 17.5% YoY) vs expectation of Rs. 550.6 Cr, QoQ Rs. 458.9 Cr, YoY Rs. 486.5 Cr
EBITDA Margin came at 21.7% vs expectation of 20.5%, QoQ 19.5%, YoY 18.3%
Adj. PAT came at Rs. 413.9 Cr vs expectation of Rs. 387.1 Cr, QoQ Rs. 407.3 Cr, YoY Rs. 318 Cr
Quarter EPS is Rs. 4
Share is trading at P/E of 45.7x FY20E EPS
*Alkyl Amines Chemicals Ltd.* | *CMP* Rs. 947 | *M Cap* Rs. 1932 Cr | *52 W H/L* 947/594
(Nirmal Bang Retail Research)
*Result has improved*
Revenue from Operations came at Rs. 235 Cr (-11.7% QoQ, 7.7% YoY) vs QoQ Rs. 266.2 Cr, YoY Rs. 218.1 Cr
EBIDTA came at Rs. 57.7 Cr (-2.4% QoQ, 17.2% YoY) vs QoQ Rs. 59.2 Cr, YoY Rs. 49.2 Cr
EBITDA Margin came at 24.6% vs QoQ 22.2%, YoY 22.6%
Adj. PAT came at Rs. 53.9 Cr vs QoQ Rs. 35.1 Cr, YoY Rs. 26.4 Cr
Quarter EPS is Rs. 26.4
Share is trading at P/E of 19.3x FY20E EPS
*Hindustan Oil Exploration Company Ltd.* | *CMP* Rs. 101 | *M Cap* Rs. 1333 Cr | *52 W H/L* 141/87
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 56.9 Cr (15.2% QoQ, -11.7% YoY) vs QoQ Rs. 49.4 Cr, YoY Rs. 64.4 Cr
EBIDTA came at Rs. 38 Cr (9% QoQ, -27.4% YoY) vs QoQ Rs. 34.8 Cr, YoY Rs. 52.3 Cr
EBITDA Margin came at 66.8% vs QoQ 70.5%, YoY 81.3%
Adj. PAT came at Rs. 38.7 Cr vs QoQ Rs. 30.8 Cr, YoY Rs. 42.9 Cr
Quarter EPS is Rs. 2.9
Share is trading at P/E of 8.8x TTM EPS
*Firstsource Solutions Ltd.* | *CMP* Rs. 47 | *M Cap* Rs. 3259 Cr | *52 W H/L* 64/39
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 984.8 Cr (0.5% QoQ, 3.1% YoY) vs expectation of Rs. 997.7 Cr, QoQ Rs. 979.8 Cr, YoY Rs. 954.7 Cr
EBIDTA came at Rs. 132.4 Cr (-20.1% QoQ, -0.3% YoY) vs expectation of Rs. 162.7 Cr, QoQ Rs. 165.7 Cr, YoY Rs. 132.8 Cr
EBITDA Margin came at 13.4% vs expectation of 16.3%, QoQ 16.9%, YoY 13.9%
Adj. PAT came at Rs. 67.3 Cr vs expectation of Rs. 93.2 Cr, QoQ Rs. 91.2 Cr, YoY Rs. 92.8 Cr
Quarter EPS is Rs. 1
Share is trading at P/E of 8.3x FY20E EPS
*Radico Khaitan Ltd.* | *CMP* Rs. 312 | *M Cap* Rs. 4158 Cr | *52 W H/L* 454/260
(Nirmal Bang Retail Research)
*Result is marginally declining*
Revenue from Operations came at Rs. 570.2 Cr (-8.6% QoQ, 10.1% YoY) vs QoQ Rs. 623.6 Cr, YoY Rs. 517.6 Cr
EBIDTA came at Rs. 86.6 Cr (-12.8% QoQ, -5.6% YoY) vs QoQ Rs. 99.2 Cr, YoY Rs. 91.7 Cr
EBITDA Margin came at 15.2% vs QoQ 15.9%, YoY 17.7%
Adj. PAT came at Rs. 78.6 Cr vs QoQ Rs. 54.8 Cr, YoY Rs. 49.5 Cr
Quarter EPS is Rs. 5.9
Share is trading at P/E of 18.2x FY20E EPS
*Take Solutions Ltd.* | *CMP* Rs. 113 | *M Cap* Rs. 1669 Cr | *52 W H/L* 195/94
(Nirmal Bang Retail Research)
*Result is ok*
Revenue from Operations came at Rs. 608.3 Cr (4.4% QoQ, 17.9% YoY) vs QoQ Rs. 582.7 Cr, YoY Rs. 515.9 Cr
EBIDTA came at Rs. 106 Cr (-3.3% QoQ, 0.5% YoY) vs QoQ Rs. 109.6 Cr, YoY Rs. 105.4 Cr
EBITDA Margin came at 17.4% vs QoQ 18.8%, YoY 20.4%
Adj. PAT came at Rs. 50 Cr vs QoQ Rs. 45.1 Cr, YoY Rs. 60.2 Cr
Quarter EPS is Rs. 3.4
Share is trading at P/E of 10.5x TTM EPS
*Canara Bank -S* | *CMP* Rs. 207 | *M Cap* Rs. 15577 Cr | *52 W H/L* 302/171
(Nirmal Bang Retail Research)
*Result improved*
*Slippage figure Awaited*
Net Interest Income came at Rs. 3129.8 Cr vs expectation of Rs. 3460.2 Cr, YoY Rs. 3281.3 Cr, QoQ Rs. 3240.6 Cr
Non Interest Income came at Rs. 2069.6 Cr vs expectation of Rs. 0 Cr, YoY Rs. 1555.3 Cr, QoQ Rs. 1861.9 Cr
PBP came at Rs. 2544.6 Cr vs expectation of Rs. 2479.1 Cr, YoY Rs. 2327.4 Cr, QoQ Rs. 2440 Cr
Provisions came at Rs. 2038 Cr vs expectation of Rs. 1875 Cr, YoY Rs. 2835.1 Cr, QoQ Rs. 1899.1 Cr
Adj. PAT came at Rs. 364.9 Cr vs expectation of Rs. 217.1 Cr, YoY Rs. 299.5 Cr, QoQ Rs. 329.1 Cr
Gross NPA came at Rs. 38711.3 Cr vs QoQ Rs. 39399 Cr at 8.68% vs QoQ 8.77%
Net NPA came at Rs. 22090 Cr vs QoQ Rs. 23149.6 Cr at 5.15% vs QoQ 5.35%
Quarter EPS is Rs. 4.8
Share is trading at P/E of 43.9x FY20E EPS & 1x trailing P/Adj. BV
*Cipla Ltd.* | *CMP* Rs. 479 | *M Cap* Rs. 38611 Cr | *52 W H/L* 632/390
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 4395.8 Cr (10.2% QoQ, 9.6% YoY) vs expectation of Rs. 4187.6 Cr, QoQ Rs. 3989 Cr, YoY Rs. 4011.9 Cr
EBIDTA came at Rs. 909.5 Cr (0.5% QoQ, 29.5% YoY) vs expectation of Rs. 815.7 Cr, QoQ Rs. 904.6 Cr, YoY Rs. 702.2 Cr
EBITDA Margin came at 20.7% vs expectation of 19.5%, QoQ 22.7%, YoY 17.5%
Adj. PAT came at Rs. 471.4 Cr vs expectation of Rs. 404 Cr, QoQ Rs. 478.2 Cr, YoY Rs. 377.1 Cr
Quarter EPS is Rs. 5.8
Share is trading at P/E of 22.2x FY20E EPS
*Satin Creditcare Network Ltd. -S* | *CMP* Rs. 232 | *M Cap* Rs. 1195 Cr | *52 W H/L* 398/183
(Nirmal Bang Retail Research)
*Result is ok*
NII came at Rs. 198.3 Cr vs YoY Rs. 178.8 Cr, QoQ Rs. 182.4 Cr
PBP came at Rs. 85.8 Cr vs YoY Rs. 87.4 Cr, QoQ Rs. 79.6 Cr
Provision came at Rs. 9.6 Cr vs YoY Rs. 18.4 Cr, QoQ Rs. 14.6 Cr
PAT came at Rs. 54.7 Cr vs YoY Rs. 44.4 Cr, QoQ Rs. 41.4 Cr
Quarter EPS is Rs. 11.3
Share is trading at P/E of 4.8x FY 20E EPS & 0.8x trailing P/BV
*Bajaj Electricals Ltd.* | *CMP* Rs. 362 | *M Cap* Rs. 3709 Cr | *52 W H/L* 588/338
(Nirmal Bang Retail Research)
*Result is below expectations*
Revenue from Operations came at Rs. 1091.8 Cr (-15.9% QoQ, -31.7% YoY) vs expectation of Rs. 1282.8 Cr, QoQ Rs. 1297.8 Cr, YoY Rs. 1598.4 Cr
EBIDTA came at Rs. 23.8 Cr (-68.2% QoQ, -70.2% YoY) vs expectation of Rs. 72.9 Cr, QoQ Rs. 75 Cr, YoY Rs. 79.9 Cr
EBITDA Margin came at 2.2% vs expectation of 5.7%, QoQ 5.8%, YoY 5%
Adj. PAT came at Rs. -33 Cr vs expectation of Rs. 20.4 Cr, QoQ Rs. 17.4 Cr, YoY Rs. 34.1 Cr
Quarter EPS is Rs. -3.2
Share is trading at P/E of 48.2x TTM EPS
*Lupin Ltd.* | *CMP* Rs. 767 | *M Cap* Rs. 34725 Cr | *52 W H/L* 915/646
(Nirmal Bang Retail Research)
*Result is marginally below expectations*
Revenue from Operations came at Rs. 4359.7 Cr (-1.3% QoQ, 10.3% YoY) vs expectation of Rs. 4387.4 Cr, QoQ Rs. 4418.4 Cr, YoY Rs. 3951.1 Cr
EBIDTA came at Rs. 731 Cr (-15% QoQ, 33% YoY) vs expectation of Rs. 775.3 Cr, QoQ Rs. 860.2 Cr, YoY Rs. 549.6 Cr
EBITDA Margin came at 16.8% vs expectation of 17.7%, QoQ 19.5%, YoY 13.9%
Adj. PAT came at Rs. 673.6 Cr vs expectation of Rs. 294.9 Cr, QoQ Rs. 303.1 Cr, YoY Rs. 266 Cr
Quarter EPS is Rs. 14.9
Share is trading at P/E of 28.6x FY20E EPS
*Exide Industries Ltd.* | *CMP* Rs. 187 | *M Cap* Rs. 15870 Cr | *52 W H/L* 274/166
(Nirmal Bang Retail Research)
*Result is marginally below expectations*
Revenue from Operations came at Rs. 2610.9 Cr (-6.1% QoQ, -4% YoY) vs expectation of Rs. 2680.3 Cr, QoQ Rs. 2779.3 Cr, YoY Rs. 2720.4 Cr
EBIDTA came at Rs. 367.2 Cr (-9.9% QoQ, 10.4% YoY) vs expectation of Rs. 377.1 Cr, QoQ Rs. 407.7 Cr, YoY Rs. 332.7 Cr
EBITDA Margin came at 14.1% vs expectation of 14.1%, QoQ 14.7%, YoY 12.2%
Adj. PAT came at Rs. 237.3 Cr vs expectation of Rs. 226.9 Cr, QoQ Rs. 224.3 Cr, YoY Rs. 160.1 Cr
PAT is higher due to lower tax rate
Quarter EPS is Rs. 2.8
Share is trading at P/E of 17.5x FY20E EPS
*Corporation Bank -S* | *CMP* Rs. 18 | *M Cap* Rs. 10580 Cr | *52 W H/L* 32/14
(Nirmal Bang Retail Research)
*Result continues to remain weak*
*Slippage figure is awaited*
Net Interest Income came at Rs. 1334.4 Cr vs YoY Rs. 1457.6 Cr, QoQ Rs. 1298.7 Cr
Non Interest Income came at Rs. 705.7 Cr vs YoY Rs. 246.2 Cr, QoQ Rs. 432.3 Cr
PBP came at Rs. 1016.4 Cr vs YoY Rs. 899.1 Cr, QoQ Rs. 855 Cr
Provisions came at Rs. 789.5 Cr vs YoY Rs. 808.3 Cr, QoQ Rs. 729.5 Cr
Adj. PAT came at Rs. 129.8 Cr vs YoY Rs. 103 Cr, QoQ Rs. 103.3 Cr
Gross NPA came at Rs. 20822.8 Cr vs QoQ Rs. 20913.1 Cr at 15.43% vs QoQ 15.44%
Net NPA came at Rs. 6751.2 Cr vs QoQ Rs. 6907.5 Cr at 5.59% vs QoQ 5.69%
Quarter EPS is Rs. 0.2
Share is trading at 1.1x trailing P/Adj. BV
*Emami Ltd.* | *CMP* Rs. 326 | *M Cap* Rs. 14791 Cr | *52 W H/L* 470/246
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Revenue from Operations came at Rs. 660.1 Cr (1.8% QoQ, 5.1% YoY) vs expectation of Rs. 659.9 Cr, QoQ Rs. 648.6 Cr, YoY Rs. 628 Cr
EBIDTA came at Rs. 193 Cr (43.9% QoQ, 1.9% YoY) vs expectation of Rs. 190.3 Cr, QoQ Rs. 134.1 Cr, YoY Rs. 189.4 Cr
EBITDA Margin came at 29.2% vs expectation of 28.8%, QoQ 20.7%, YoY 30.2%
Adj. PAT came at Rs. 96 Cr vs expectation of Rs. 114.9 Cr, QoQ Rs. 39.3 Cr, YoY Rs. 82.7 Cr
Quarter EPS is Rs. 2.1
Share is trading at P/E of 27.8x FY20E EPS
Prakash Ind emerges as highest bidder for Bhaskarpara coal mine.
ADANI LOGISTICS IN ADVANCED TALKS TO BUY SNOWMAN LOGISTICS
ICICI BANK WEIGHT WILL BE INCREASED IN MSCI TOMORROW || MOTILAL OSWAL EXPECTS INFLOW OF $1.2 BILLION IN ICICI BANK - SOURCES''