Tag: Result Update

18 Jan
Growth

HDFC Bank Ltd. | Q3FY20 Result Update | Non-interest income led to higher than expected PAT growth; Robust corporate loan growth

Hits: ·    Overall advances grew by 19.9% YoY to INR 9.36lac cr led by corporate growth which has registered 26.6% YoY growth and constituting 49% of overall advances. Retail loans growth has moderated due to muted growth in vehicle loans. ·    Deposits grew by 25% YoY to INR 10.67tn. CASA grew by 21.5% YoY (Highest […]

17 Jan
IT

TCS Q3FY20 Result Update Inline revenue growth & EBIT margin numbers

Inline revenue growth & EBIT margin numbers Hits: i.                     CC revenue growth on a sequential basis came in at 1.5% which was in line with the street expectation. ii.                   EBIT margin came in at 25% which was in line with the expectation, improvement in the margin was led by higher utilization & INR depreciation. iii.                  […]

09 Nov
Concern

Bharat Forge Ltd Q2FY20 Results Update – Performance disappointed on all fronts

Bharat Forge Ltd Q2FY20 Results Update – Performance disappointed on all fronts Misses ·         Net revenue observed a sharp decline of 25% yoy to INR 1259 cr in Q2FY20, which was 7-8% below expectation. Sharp drop of 37% yoy in CV and 29% yoy in industrial business pulled down topline. ·         Businesses across all geographies […]

06 Nov
UP

Voltas Ltd. Q2FY20 Results Update -In-line results; Improved UCP performance offset weakness in project division

Voltas Ltd. Q2FY20 Results Update -In-line results; Improved UCP performance offset weakness in project division Hits ·       Result was broadly in-line with our estimates (Revenue/EBIDTA/PAT: 2.6%/-3.8%/17.7%) as improvement performance of UCP segment offset the impact of weakness in project division (EMPS). Sharp beat on PAT estimates was mainly on account of higher-than-expected non-operating income. ·       […]

06 Nov
Gold

Manappuram Finance Ltd Q2FY20 Result Update – Strong overall results in terms of AUM growth, operating efficiencies and PAT

Manappuram Finance Ltd Q2FY20 Result Update – Strong overall results in terms of AUM growth, operating efficiencies and PAT Hits:­­ Manappuram reported strong set of result with AUM growth at 32% YoY, one of the highest in last 10 quarters to INR 22,677cr. The company reported significant growth in its overall book with gold loan […]

05 Nov
Concern

Punjab National Bank Ltd Q2FY20 Result – Non-Interest income growth led to in-line Net revenue; Higher than expected deterioration in asset quality

Punjab National Bank Ltd Q2FY20 Result – Non-Interest income growth led to in-line Net revenue; Higher than expected deterioration in asset quality Hits: ·    Net Interest Income growth of 7% YoY was led by 7bps YoY improvement in NIMs and flat YoY growth in Advances. ·    Non-interest income grew by 33% YoY to INR 2,265cr […]