TOP Headlines:- 31 Jul 2017
• V-Guard Q1 profit falls by 46% (YoY)
• UPL Q1 consolidated net profit up 31%
• Torrent Pharma Q1 net profit down by 36%
• ITC to soon foray into fruits, vegetables
• Balrampur Chini Q1 net Profit up 8.4% (YoY)
• Sintex Inds Q1 consolidated profit at Rs35.1 cr
Balrampur Chini Q1 net Profit up 8.4% (YoY)
Balrampur Chini Mills Q1 Result for June 30, 2017:
Net Profit up 8.4% at Rs120 crore Vs Rs110.7 crore (YoY)
Revenue up 37.4% at Rs1, 136.5 crore Vs Rs827 crore
EBITDA up 11.2% at Rs206.7 crore Vs Rs186 crore (YoY)
EBITDA Margin at 19.2% Vs 23.6% (YoY).
V-Guard Q1 profit falls by 46% (YoY)
V-Guard Industries Q1 result for June 30, 2017:
Net Profit down 46% at Rs23.2 crore Vs Rs43 crore (YoY)
Revenue up 1.5% at Rs569 crore Vs Rs561 crore (YoY)
EBITDA down 49.2% at Rs32.6 crore Vs Rs64.2 crore (YoY)
V-Guard Q1FY2018 result review- Implementation of GST led to drop in volumes; delayed price increase and raw material cost impacted margins VGuard’s topline remained flat at Rs560crore due to flattish performance in the Electrical and Electro Mechanical segment. Electronics segment revenues also grew by mere 4% YoY to Rs227crore. GST related destocking by trade led to drop in volumes during Q1FY2018.
Operating Margins (OPM) decline by 574BPS to 5.8% due to poor performance in both its segments. Increase in raw material cost and delayed price increase in the market also adversely impacted margins. Hence, operating profit decline by 49% YoY to Rs33crore.
The poor performance at the operational level percolated to bottom-line declining by 46% YoY to Rs23crore. GST related one-off expenses and start-up cost of Sikkim factory also negatively impacted bottom line.
Torrent Pharma Q1 net profit down by 36%
Torrent Pharmaceuticals Q1 for June 30, 2017
Consolidated Net Profit at Rs188 crore Vs Rs292 crore (YoY)
Consolidated Revenue down 11.4% at Rs1, 374 crore (YoY)
Consolidated EBITDA Margin at 21.6% Vs 28.2% (YoY).
Sintex Inds Q1 consolidated profit at Rs35.1 cr
Sintex Industries Q1 Result for June 30, 2017:
Consolidated Net Profit at Rs35.1 crore Vs Net Loss of Rs2.5 crore (YoY)
Consolidated Revenue at Rs687.6 crore Vs Rs247.70 crore (YoY).
UPL Q1 consolidated net profit up 31%
UPL Q1 result for June 30, 2017
Consolidated Net Profit rose by 31.2% at Rs475 crore Vs Rs362 crore (YoY)
Consolidated Revenue up 5.7% at Rs3, 851 crore (YoY)
Consolidated EBITDA up 2.5% at Rs691 crore (YoY)
Consolidated EBITDA margin at 17.9% Vs 18.5% (YoY)
Finance Cost at Rs80 crore Vs Rs160 crore (YoY).
ITC to soon foray into fruits, vegetables
ITC Ltd to soon foray into fruits, vegetables – long term positive for ITC as the company is planning to enhance its non-cigarette portfolio’s to lower the dependence on the cigarette business
ITC Ltd plans to soon foray into fruits, vegetables, and other perishable products with investment underway to create climate-controlled infrastructure for an efficient supply-chain.
Investments have also been made in farming for aromatic and medicinal plants, keeping in mind ITC’s focus on agri-based health and wellness products.
The non-cigarette segment now accounts for 58% of the net segment revenue. Currently, the non-cigarette businesses deploy 77% of the company’s operating capital and 88% of the employee base.
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