TOP CORPORATE NEWS:- 10 Aug, 2017

Corporate News

TOP Headlines:- 10 Aug 2017

BHEL Q1 topline misses estimate
Motherson Sumi Q1 profit below estimates
Kajaria Ceramics Q1 net profit at Rs49 cr
Engineers India Q1FY18 net profit up 1.4%% (YoY)
Petronet LNG reports Q1 net profit at Rs437.6 cr

Petronet LNG reports Q1 net profit at Rs437.6 cr
Petronet LNG Q1 net profit at Rs437.6 crore
Q1 revenue at Rs6,435.1 crore vs Rs6,365 crore (QoQ)
Q1 EBITDA at Rs744 crore
Q1 EBITDA margin at 11.5%
Q1 other expenses at Rs 117.4 cr vs Rs 208.64 cr (QoQ).

Kajaria Ceramics Q1 net profit at Rs49 cr
Kajaria Ceramics Q1 result for June 30, 2017
Profit at Rs49 crore
Revenue at Rs700 crore Vs Rs666 crore (YoY)
EBITDA at Rs93 crore.

BHEL Q1 topline misses estimate
Bharat Heavy Electrical Ltd (BHEL) Q1 result for June 30, 2017
Net Profit at Rs81 crore, boosted by Deferred Tax of Rs52.4 crore
EBITDA Loss at Rs88.3 crore
Revenue at Rs5, 732 crore Vs Rs5, 821 crore (YoY)
Other Expenses down 59.6% at Rs889.7 crore (YoY).

Engineers India Q1FY18 net profit up 1.4%% (YoY)
Engineers India (Q1, YoY)
Revenue up 9.8% to Rs375.4 crore
EBITDA up 12% to Rs82 crore
Margin flat at 21.8% from 21.4%
Profit up 1.4% to Rs81.4 crore.

Motherson Sumi Q1 profit below estimates
Motherson Sumi Systems: Robust performance continues in Q1FY2018
Motherson Sumi Systems reported strong set of numbers for Q1FY18 despite the acquisition of relatively low margin PKC group. The nos are not
comparable yoy
Topline grew 26% yoy to Rs 13,129 cr led by PKC acquisition (PKC revenues were Rs 1,823 cr) and double digit growth in SMP (9% yoy) and standalone
business (21% yoy)
Operating margins remained flat at 9% despite the PKC acquisition (PKC operates at a lower margin of about 4-5%). Overall EBIT margins dipped 30 bps
to 6%. Ex PKC EBIT margins improved strongly 50 bps yoy to 6.7%.

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