Team-MoneyWorks4meDear Readers,
Welcome to our weekly company results update note. We understand the importance of staying up-to-date with the latest financial developments of the companies you have invested in. That’s why we are committed to providing you with short and insightful information about the earnings and performance of the companies in our coverage.
ITC
Robust performance on account of healthy cigarette volume growth of ~8%, ITC has posted an impressive performance in the other FMCG business (+16%) reported revenue of 5,000 Cr for the first time. Hotel demerger is set to be completed in 15 months with ITC shareholder set to receive 1 share of ITC hotels for every 10 shares of ITC.
Jamna Auto Industries
Good results amidst a seasonally weak quarter. Increasing the share of revenue from new products and new markets shall be key monitorable.
Divi’s Laboratories
Sluggish results but management retains double-digit growth guidance for FY24.
Apollo Hospitals Enterprise Ltd
Subpar Result.
Crompton Greaves Consumer Electricals Ltd
Muted performance on all parameters.
Astral Ltd
Healthy performance, with management guidance that PVC/CPVC prices have stabilised and that profitability is expected to improve going forward.
TTK Prestige Ltd
Subdued result.
Kaveri Seeds
Strong results, while delay in monsoon impacted volumes but increase in new product contribution and exports to drive future growth.
Garware Technical
Good results amidst global uncertainties. Management remains guide for a better FY24.
Suprajit Engg.
Stable results with recovery expected in global markets & EV segment.
Info Edge (Standalone)
Investee company Zomato turning into marginal profitability before expectation was a noteworthy development.
Mazagon Dockyard
Stable results with a healthy order book as of the end of a quarter of Rs. 39,117Cr.
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Ketan Pitrubhakta
Yog Rajani
Roshan Pande
