{"id":19718,"date":"2023-11-06T17:26:35","date_gmt":"2023-11-06T11:56:35","guid":{"rendered":"https:\/\/www.moneyworks4me.com\/investmentshastra\/?p=19718"},"modified":"2023-11-08T12:33:31","modified_gmt":"2023-11-08T07:03:31","slug":"q2fy24-weekly-result-update-06-nov-2023","status":"publish","type":"post","link":"https:\/\/www.moneyworks4me.com\/investmentshastra\/q2fy24-weekly-result-update-06-nov-2023\/","title":{"rendered":"Q2FY24: Weekly Result Update Part 1 &#8211; Dabur, ACC, L&#038;T, Petronet"},"content":{"rendered":"<p>Dear Readers,<\/p>\n<p>Welcome to our company result update note. We understand the importance of staying up-to-date with the latest financial developments of the companies you have invested in. That\u2019s why we are committed to providing you with short and insightful information about the earnings and performance of the companies in our coverage.<\/p>\n<div style=\"border: 2px solid #1eaf6d; padding: 10px; background-color: #c7ffe5; border-radius: 30px;\" class=\"is-fill-light\">\n<p><strong>Contents:<\/strong><\/p>\n<ul>\n<li><a href=\"#fmcg\">FMCG<\/a> (Dabur, Marico, Tata Consumer)<\/li>\n<li><a href=\"#qsr\">QSR<\/a> (Sapphire)<\/li>\n<li><a href=\"#cement\">Cement<\/a> (ACC)<\/li>\n<li><a href=\"#power\">Power<\/a> (NTPC)<\/li>\n<li><a href=\"#infra\">Infra<\/a> (L&amp;T)<\/li>\n<li><a href=\"#paints\">Paints<\/a><\/li>\n<li><a href=\"#gas\">Gas<\/a> (Petronet)<\/li>\n<li><a href=\"#footwear\">Footwear<\/a> (Relaxo)<\/li>\n<li><a href=\"#pipes\">Pipes<\/a><\/li>\n<li><a href=\"#consumer\">Consumer Discretionary<\/a><\/li>\n<\/ul>\n<\/div>\n<h2>[sta_anchor id=\u201dfmcg\u201d]FMCG[\/sta_anchor]<\/h2>\n<h3>Marico Ltd<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Marico-Ltd.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19720 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Marico-Ltd.png\" alt=\"Marico Ltd\" width=\"815\" height=\"175\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Marico-Ltd.png 815w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Marico-Ltd-600x129.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Marico-Ltd-150x32.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Marico-Ltd-768x165.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Marico-Ltd-270x58.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Marico-Ltd-370x79.png 370w\" sizes=\"auto, (max-width: 815px) 100vw, 815px\" \/><\/a><\/p>\n<p>At par result. Saffola brand revenue declined on impact of price cut in edible oil. Saffola food franchise continues to grow strongly at 25% YoY.<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/fmcg\/consumer-food\/marico\/company-info\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h3>Tata Consumer Products Ltd<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Tata-Consumer-Products-Ltd.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19721 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Tata-Consumer-Products-Ltd.png\" alt=\"Tata Consumer Products Ltd\" width=\"811\" height=\"254\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Tata-Consumer-Products-Ltd.png 811w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Tata-Consumer-Products-Ltd-600x188.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Tata-Consumer-Products-Ltd-150x47.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Tata-Consumer-Products-Ltd-768x241.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Tata-Consumer-Products-Ltd-270x85.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Tata-Consumer-Products-Ltd-370x116.png 370w\" sizes=\"auto, (max-width: 811px) 100vw, 811px\" \/><\/a><\/p>\n<p>Strong result. Company has expanded it\u2019s sales &amp; distribution network reach to 3.8 million outlet. Now it plans to invest more in rurban area.\u00a0<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/agriculture-allied-activities\/tea-coffee\/tata-consumer-produc\/company-info\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h3>Britannia Industries Ltd<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Britannia-Industries-Ltd.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19722 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Britannia-Industries-Ltd.png\" alt=\"Britannia Industries Ltd\" width=\"811\" height=\"198\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Britannia-Industries-Ltd.png 811w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Britannia-Industries-Ltd-600x146.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Britannia-Industries-Ltd-150x37.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Britannia-Industries-Ltd-768x188.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Britannia-Industries-Ltd-270x66.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Britannia-Industries-Ltd-370x90.png 370w\" sizes=\"auto, (max-width: 811px) 100vw, 811px\" \/><\/a><\/p>\n<p>At par result. Company retained the input cost moderation leading to improvement in margin.<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/fmcg\/consumer-food\/britannia-inds\/company-info\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h3>Dabur India Ltd<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Dabur-India-Ltd.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19723 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Dabur-India-Ltd.png\" alt=\"Dabur India Ltd\" width=\"812\" height=\"202\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Dabur-India-Ltd.png 812w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Dabur-India-Ltd-600x149.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Dabur-India-Ltd-150x37.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Dabur-India-Ltd-768x191.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Dabur-India-Ltd-270x67.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Dabur-India-Ltd-370x92.png 370w\" sizes=\"auto, (max-width: 812px) 100vw, 812px\" \/><\/a><\/p>\n<p>Robust performance. Mid-single-digit growth in healthcare and HPC business, while the food and beverages business declined by 7% YoY on account of uneven rainfall.<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/fmcg\/household-personal-products\/dabur-india\/company-info\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h2>[sta_anchor id=\u201dqsr\u201d]QSR[\/sta_anchor]<\/h2>\n<h3>Jubilant Foodworks Ltd<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Jubilant-Foodworks-Ltd-1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19755 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Jubilant-Foodworks-Ltd-1.png\" alt=\"Jubilant Foodworks Ltd\" width=\"814\" height=\"257\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Jubilant-Foodworks-Ltd-1.png 814w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Jubilant-Foodworks-Ltd-1-600x189.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Jubilant-Foodworks-Ltd-1-150x47.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Jubilant-Foodworks-Ltd-1-768x242.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Jubilant-Foodworks-Ltd-1-270x85.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Jubilant-Foodworks-Ltd-1-370x117.png 370w\" sizes=\"auto, (max-width: 814px) 100vw, 814px\" \/><\/a><\/p>\n<p>At par result. Same store sales growth decline by -1% YoY but sequential improvement in average daily sale per store.<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/mid-cap\/fmcg\/consumer-food\/jubilant-foodworks\/company-info\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h3>Sapphire Foods India Ltd<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Sapphire-Foods-India-Ltd.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19725 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Sapphire-Foods-India-Ltd.png\" alt=\"Sapphire Foods India Ltd\" width=\"814\" height=\"177\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Sapphire-Foods-India-Ltd.png 814w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Sapphire-Foods-India-Ltd-600x130.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Sapphire-Foods-India-Ltd-150x33.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Sapphire-Foods-India-Ltd-768x167.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Sapphire-Foods-India-Ltd-270x59.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Sapphire-Foods-India-Ltd-370x80.png 370w\" sizes=\"auto, (max-width: 814px) 100vw, 814px\" \/><\/a><\/p>\n<p>Subdued result. Same store sales growth for KFC was flat YoY while it declined by 20% for Pizza Hut India.<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/fmcg\/consumer-food\/sapphire-foods-india\/company-info\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h2>[sta_anchor id=\u201dcement\u201d]Cement[\/sta_anchor]<\/h2>\n<h3>ACC Ltd<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/ACC-Ltd.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19726 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/ACC-Ltd.png\" alt=\"ACC Ltd\" width=\"808\" height=\"220\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/ACC-Ltd.png 808w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/ACC-Ltd-600x163.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/ACC-Ltd-150x41.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/ACC-Ltd-768x209.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/ACC-Ltd-270x74.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/ACC-Ltd-370x101.png 370w\" sizes=\"auto, (max-width: 808px) 100vw, 808px\" \/><\/a><\/p>\n<p>At par result. Muted realization\/ton. Management guided capex of Rs. 2,500 Cr in FY24.<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/mid-cap\/construction-infrastructure\/cement-construction-materials\/acc\/company-info\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h3>Ambuja Cement (Standalone)<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Ambuja-Cement.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19727 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Ambuja-Cement.png\" alt=\"Ambuja Cement\" width=\"810\" height=\"230\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Ambuja-Cement.png 810w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Ambuja-Cement-600x170.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Ambuja-Cement-150x43.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Ambuja-Cement-768x218.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Ambuja-Cement-270x77.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Ambuja-Cement-370x105.png 370w\" sizes=\"auto, (max-width: 810px) 100vw, 810px\" \/><\/a><\/p>\n<p>At par Result. Volume growth impacted by heavy rains in Himachal Pradesh and muted demand in eastern region.<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/construction-infrastructure\/cement-construction-materials\/ambuja-cement\/company-info\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h2>[sta_anchor id=\u201dpower\u201d]Power[\/sta_anchor]<\/h2>\n<h3>NTPC Ltd<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/NTPC-Ltd.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19728 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/NTPC-Ltd.png\" alt=\"NTPC Ltd\" width=\"811\" height=\"197\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/NTPC-Ltd.png 811w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/NTPC-Ltd-600x146.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/NTPC-Ltd-150x36.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/NTPC-Ltd-768x187.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/NTPC-Ltd-270x66.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/NTPC-Ltd-370x90.png 370w\" sizes=\"auto, (max-width: 811px) 100vw, 811px\" \/><\/a><\/p>\n<p>Strong performance. Thermal Plant factor load (PLF) for H1FY24 stood at 76.6% as compared to national average of 68.8%. NTPC added 1,570 MW of commercial capacity in H1 FY24, including 110 MW from renewable sources.<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/power\/power-generation-distribution\/ntpc\/company-info\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h2>[sta_anchor id=\u201dinfra\u201d]Infra[\/sta_anchor]<\/h2>\n<h3>Larsen &amp; Toubro Ltd<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Larsen-Toubro-Ltd-1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19756 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Larsen-Toubro-Ltd-1.png\" alt=\"Larsen &amp; Toubro Ltd\" width=\"812\" height=\"283\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Larsen-Toubro-Ltd-1.png 812w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Larsen-Toubro-Ltd-1-600x209.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Larsen-Toubro-Ltd-1-150x52.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Larsen-Toubro-Ltd-1-768x268.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Larsen-Toubro-Ltd-1-270x94.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Larsen-Toubro-Ltd-1-370x129.png 370w\" sizes=\"auto, (max-width: 812px) 100vw, 812px\" \/><\/a><\/p>\n<p>Strong performance on back of strong order book growth of 72% and continuous improvement in net working capital.<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/construction-infrastructure\/engineering-construction\/larsen-toubro\/company-info\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h3>KEC International Ltd<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/K-E-C-International-Ltd.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19730 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/K-E-C-International-Ltd.png\" alt=\"KEC International Ltd\" width=\"813\" height=\"181\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/K-E-C-International-Ltd.png 813w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/K-E-C-International-Ltd-600x134.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/K-E-C-International-Ltd-150x33.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/K-E-C-International-Ltd-768x171.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/K-E-C-International-Ltd-270x60.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/K-E-C-International-Ltd-370x82.png 370w\" sizes=\"auto, (max-width: 813px) 100vw, 813px\" \/><\/a><\/p>\n<p>Strong Performance on back of order intake of Rs. ~9,000 Cr majorly in Transmission, Distribution and Civil Business. Management expects EBITDA margins to continue to improve over the next few quarters.<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/construction-infrastructure\/engineering-construction\/kec-international\/company-info\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h2><a href=\"https:\/\/www.moneyworks4me.com\/how-the-heck-to-invest-and-reach-nirvana?from=investmentshastra-blog-q2fy24-weekly-result-update-06-nov-2023\" aria-label=\"How The Heck To Invest And Reach Nirvana\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19353 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/09\/how-the-heck-to-invest-and-reach-nirvana.png\" alt=\"\" width=\"2560\" height=\"960\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/09\/how-the-heck-to-invest-and-reach-nirvana.png 2560w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/09\/how-the-heck-to-invest-and-reach-nirvana-600x225.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/09\/how-the-heck-to-invest-and-reach-nirvana-1024x384.png 1024w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/09\/how-the-heck-to-invest-and-reach-nirvana-150x56.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/09\/how-the-heck-to-invest-and-reach-nirvana-768x288.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/09\/how-the-heck-to-invest-and-reach-nirvana-1536x576.png 1536w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/09\/how-the-heck-to-invest-and-reach-nirvana-2048x768.png 2048w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/09\/how-the-heck-to-invest-and-reach-nirvana-270x101.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/09\/how-the-heck-to-invest-and-reach-nirvana-370x139.png 370w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\" \/><\/a><\/h2>\n<h2>[sta_anchor id=\u201dpaints\u201d]Paints[\/sta_anchor]<\/h2>\n<h3>Asian Paints Ltd<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Asian-Paints-Ltd.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19731 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Asian-Paints-Ltd.png\" alt=\"Asian Paints Ltd\" width=\"818\" height=\"229\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Asian-Paints-Ltd.png 818w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Asian-Paints-Ltd-600x168.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Asian-Paints-Ltd-150x42.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Asian-Paints-Ltd-768x215.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Asian-Paints-Ltd-270x76.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Asian-Paints-Ltd-370x104.png 370w\" sizes=\"auto, (max-width: 818px) 100vw, 818px\" \/><\/a><\/p>\n<p>At par result. Board approved equity dividend of Rs. 5.15 per share.<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/chemicals-fertilizers\/paints\/asian-paints\/company-info\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h3>Kansai Nerolac Paints Ltd<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Kansai-Nerolac-Paints-Ltd.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19732 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Kansai-Nerolac-Paints-Ltd.png\" alt=\"Kansai Nerolac Paints Ltd\" width=\"825\" height=\"203\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Kansai-Nerolac-Paints-Ltd.png 825w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Kansai-Nerolac-Paints-Ltd-600x148.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Kansai-Nerolac-Paints-Ltd-150x37.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Kansai-Nerolac-Paints-Ltd-768x189.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Kansai-Nerolac-Paints-Ltd-270x66.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Kansai-Nerolac-Paints-Ltd-370x91.png 370w\" sizes=\"auto, (max-width: 825px) 100vw, 825px\" \/><\/a><\/p>\n<p>At par result.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/mid-cap\/chemicals-fertilizers\/paints\/kansai-nerolac-paint\/company-info\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h3>Berger Paints India Ltd<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Berger-Paints-India-Ltd.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19733 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Berger-Paints-India-Ltd.png\" alt=\"Berger Paints India Ltd\" width=\"815\" height=\"233\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Berger-Paints-India-Ltd.png 815w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Berger-Paints-India-Ltd-600x172.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Berger-Paints-India-Ltd-150x43.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Berger-Paints-India-Ltd-768x220.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Berger-Paints-India-Ltd-270x77.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Berger-Paints-India-Ltd-370x106.png 370w\" sizes=\"auto, (max-width: 815px) 100vw, 815px\" \/><\/a>At par result.<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/chemicals-fertilizers\/paints\/berger-paints-india\/company-info\">Check, 10-Year X-ray Now!<\/a>\u00a0\u00a0\u00a0\u00a0<\/p>\n<h2>[sta_anchor id=\u201dgas\u201d]Gas[\/sta_anchor]<\/h2>\n<h3>Mahanagar Gas Ltd<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Mahanagar-Gas-Ltd.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19734 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Mahanagar-Gas-Ltd.png\" alt=\"Mahanagar Gas Ltd\" width=\"817\" height=\"179\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Mahanagar-Gas-Ltd.png 817w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Mahanagar-Gas-Ltd-600x131.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Mahanagar-Gas-Ltd-150x33.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Mahanagar-Gas-Ltd-768x168.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Mahanagar-Gas-Ltd-270x59.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Mahanagar-Gas-Ltd-370x81.png 370w\" sizes=\"auto, (max-width: 817px) 100vw, 817px\" \/><\/a><\/p>\n<p>A good set of results. EBITDA\/SCM remained well above historical level which led to strong earnings growth. Management has guided for a capex of Rs. 800 Cr for FY24.<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/oil-gas\/gas-transmission-marketing\/mahanagar-gas\/company-info\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h3>Indraprastha Gas Ltd<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Indraprastha-Gas-Ltd.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19735 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Indraprastha-Gas-Ltd.png\" alt=\"Indraprastha Gas Ltd\" width=\"815\" height=\"188\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Indraprastha-Gas-Ltd.png 815w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Indraprastha-Gas-Ltd-600x138.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Indraprastha-Gas-Ltd-150x35.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Indraprastha-Gas-Ltd-768x177.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Indraprastha-Gas-Ltd-270x62.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Indraprastha-Gas-Ltd-370x85.png 370w\" sizes=\"auto, (max-width: 815px) 100vw, 815px\" \/><\/a><\/p>\n<p>Subdued result.<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/mid-cap\/oil-gas\/industrial-gases-fuels\/indraprastha-gas\/company-info\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h3>Petronet LNG<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Petronet-LNG.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19736 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Petronet-LNG.png\" alt=\"Petronet LNG\" width=\"811\" height=\"198\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Petronet-LNG.png 811w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Petronet-LNG-600x146.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Petronet-LNG-150x37.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Petronet-LNG-768x188.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Petronet-LNG-270x66.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Petronet-LNG-370x90.png 370w\" sizes=\"auto, (max-width: 811px) 100vw, 811px\" \/><\/a><\/p>\n<p>At par result. Management approved the capex of Rs.~21,000 Cr towards PDHPP plant.<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/mid-cap\/oil-gas\/industrial-gases-fuels\/petronet-lng\/company-info\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h3>Gujarat Gas<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Gujarat-gas.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19737 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Gujarat-gas.png\" alt=\"Gujarat gas\" width=\"818\" height=\"177\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Gujarat-gas.png 818w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Gujarat-gas-600x130.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Gujarat-gas-150x32.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Gujarat-gas-768x166.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Gujarat-gas-270x58.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Gujarat-gas-370x80.png 370w\" sizes=\"auto, (max-width: 818px) 100vw, 818px\" \/><\/a><\/p>\n<p>Subdued result. Volume for Q2FY24 stood at 9.3 million metric standard cubic meters per day (mmscmd).<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/mid-cap\/oil-gas\/gas-transmission-marketing\/gujarat-gas\/company-info\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h2>[sta_anchor id=\u201dfootwear\u201d]Footwear[\/sta_anchor]<\/h2>\n<h3>Relaxo Footwears Ltd<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Relaxo-Footwears-Ltd.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19738 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Relaxo-Footwears-Ltd.png\" alt=\"Relaxo Footwears Ltd\" width=\"825\" height=\"208\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Relaxo-Footwears-Ltd.png 825w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Relaxo-Footwears-Ltd-600x151.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Relaxo-Footwears-Ltd-150x38.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Relaxo-Footwears-Ltd-768x194.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Relaxo-Footwears-Ltd-270x68.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Relaxo-Footwears-Ltd-370x93.png 370w\" sizes=\"auto, (max-width: 825px) 100vw, 825px\" \/><\/a><\/p>\n<p>At par result. The volume increase is offset by a fall in average realization per pair which stood at Rs. 147 compared to Rs. 169 in Q2FY23.<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/mid-cap\/fmcg\/footwear\/relaxo-footwears\/company-info\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h2>[sta_anchor id=\u201dpipes\u201d]Pipes[\/sta_anchor]<\/h2>\n<h3>Supreme Industries<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Supreme-Industries-1.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19753 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Supreme-Industries-1.png\" alt=\"Supreme Industries\" width=\"823\" height=\"207\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Supreme-Industries-1.png 823w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Supreme-Industries-1-600x151.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Supreme-Industries-1-150x38.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Supreme-Industries-1-768x193.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Supreme-Industries-1-270x68.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Supreme-Industries-1-370x93.png 370w\" sizes=\"auto, (max-width: 823px) 100vw, 823px\" \/><\/a><\/p>\n<p>Robust result. Management guided for a consolidated EBITDA margin of ~15% for FY24.<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/mid-cap\/chemicals-fertilizers\/plastic-products\/supreme-industries\/company-info\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h2>[sta_anchor id=\u201dconsumer\u201d]Consumer Discretionary[\/sta_anchor]<\/h2>\n<h3>Cera Sanitaryware Ltd<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Cera-Sanitaryware-Ltd.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19740 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Cera-Sanitaryware-Ltd.png\" alt=\"Cera Sanitaryware Ltd\" width=\"817\" height=\"203\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Cera-Sanitaryware-Ltd.png 817w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Cera-Sanitaryware-Ltd-600x149.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Cera-Sanitaryware-Ltd-150x37.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Cera-Sanitaryware-Ltd-768x191.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Cera-Sanitaryware-Ltd-270x67.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Cera-Sanitaryware-Ltd-370x92.png 370w\" sizes=\"auto, (max-width: 817px) 100vw, 817px\" \/><\/a><\/p>\n<p>A good set of results. Management guided for revenue growth of ~17-19% YoY In FY24.<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/construction-infrastructure\/ceramics-marble-granite-sanitaryware\/cera-sanitaryware\/company-info\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h3>Symphony Ltd<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Symphony-Ltd.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19741 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Symphony-Ltd.png\" alt=\"Symphony Ltd\" width=\"823\" height=\"183\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Symphony-Ltd.png 823w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Symphony-Ltd-600x133.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Symphony-Ltd-150x33.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Symphony-Ltd-768x171.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Symphony-Ltd-270x60.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Symphony-Ltd-370x82.png 370w\" sizes=\"auto, (max-width: 823px) 100vw, 823px\" \/><\/a><\/p>\n<p>A good set of results. Domestic revenue grew 1% despite the non-seasonal quarter.<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/consumer-durables\/consumer-durables-domestic-appliances\/symphony\/company-info\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h3>TTK Prestige<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/TTK-Prestige.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19742 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/TTK-Prestige.png\" alt=\"TTK Prestige\" width=\"817\" height=\"180\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/TTK-Prestige.png 817w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/TTK-Prestige-600x132.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/TTK-Prestige-150x33.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/TTK-Prestige-768x169.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/TTK-Prestige-270x59.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/TTK-Prestige-370x82.png 370w\" sizes=\"auto, (max-width: 817px) 100vw, 817px\" \/><\/a><\/p>\n<p>At par result. High competition at the bottom of the pyramid may lead to market share losses.<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/consumer-durables\/consumer-durables-domestic-appliances\/ttk-prestige\/company-info\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h3>V-Guard Industries Ltd<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/V-Guard-Industries-Ltd.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19743 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/V-Guard-Industries-Ltd.png\" alt=\"V-Guard Industries Ltd\" width=\"818\" height=\"200\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/V-Guard-Industries-Ltd.png 818w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/V-Guard-Industries-Ltd-600x147.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/V-Guard-Industries-Ltd-150x37.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/V-Guard-Industries-Ltd-768x188.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/V-Guard-Industries-Ltd-270x66.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/V-Guard-Industries-Ltd-370x90.png 370w\" sizes=\"auto, (max-width: 818px) 100vw, 818px\" \/><\/a><\/p>\n<p>Good set of result. Gross margins expanded on back of softening in raw material prices.<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/capital-goods-industrial-consumables\/electric-equipment\/v-guard-inds\/company-info\">Check, 10-Year X-ray Now!<\/a><\/p>\n<h3>Orient Electric Ltd<\/h3>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Orient-Electric-Ltd.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-19744 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Orient-Electric-Ltd.png\" alt=\"Orient Electric Ltd\" width=\"823\" height=\"252\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Orient-Electric-Ltd.png 823w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Orient-Electric-Ltd-600x184.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Orient-Electric-Ltd-150x46.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Orient-Electric-Ltd-768x235.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Orient-Electric-Ltd-270x83.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/11\/Orient-Electric-Ltd-370x113.png 370w\" sizes=\"auto, (max-width: 823px) 100vw, 823px\" \/><\/a><\/p>\n<p>Muted result. PAT Rs. 18 Cr including Rs. 15 Cr from the profit on sale of land.<\/p>\n<p style=\"text-align: center;\"><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #f27070; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/consumer-durables\/consumer-durables-domestic-appliances\/orient-electric\/company-info\">Check, 10-Year X-ray Now!<\/a><\/p>\n<p><span style=\"text-decoration: underline;\"><strong>Related Blog:<\/strong><\/span><\/p>\n<ul>\n<li><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/q2fy24-weekly-result-update-07-nov-2023\/\" target=\"_blank\" rel=\"noopener\">Q2FY24: Weekly Result Update Part 2 \u2013 Sun Pharma, Container Corp, Coromandel, Bluedart<\/a>\u00a0<\/li>\n<li><a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/q2fy24-weekly-result-update-08-nov-2023\/\" target=\"_blank\" rel=\"noopener\">Q2FY24: Weekly Result Update Part 3 \u2013 Reliance, Airtel, HCL, Maruti Suzuki, Care Ratings<\/a><\/li>\n<\/ul>\n<figure class=\"is-figure\"><p><a href=\"https:\/\/www.moneyworks4me.com\/payment\/index\/subscribe-superstars-offer\/?from=investmentshastra-blog-q2fy24-weekly-result-update-06-nov-2023\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-18657 size-full\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/04\/core-50-superstars-banner.png\" alt=\"core 50 superstars banner\" width=\"850\" height=\"251\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/04\/core-50-superstars-banner.png 850w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/04\/core-50-superstars-banner-600x177.png 600w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/04\/core-50-superstars-banner-150x44.png 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/04\/core-50-superstars-banner-768x227.png 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/04\/core-50-superstars-banner-270x80.png 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2023\/04\/core-50-superstars-banner-370x109.png 370w\" sizes=\"auto, (max-width: 850px) 100vw, 850px\" \/><\/a><\/p><figcaption>Best Stocks From<\/figcaption><\/figure>\n\n<p><a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #1eaf6d; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/alpha-case\/index\/alpha-case\/id\/92\/strategy\/undervalued\/casename\/All%20Weather\">All Weather Alpha Case<\/a>\u00a0\u00a0<a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #1eaf6d; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/stock-market\/stock-screener\">Screener<\/a> <a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #1eaf6d; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/alpha-case\">Alpha Cases<\/a> \u00a0<a class=\"fasc-button fasc-size-medium fasc-type-flat fasc-rounded-medium\" style=\"background-color: #1eaf6d; color: #ffffff;\" target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.moneyworks4me.com\/stock-market\/business-houses\/\">Business Houses Group<\/a><\/p>\n<hr>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/\"><img decoding=\"async\" style=\"float: left; height: 100px; padding-right: 16px; margin-left: 40px;\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/07\/logo-mw4me.png\" alt=\"\"> <\/a> <a class=\"hide-mobile\" href=\"https:\/\/t.me\/mw4me\" target=\"_blank\" rel=\"noopener\" aria-label=\"Visit t.me\"><img decoding=\"async\" style=\"float: left; height: 100px; padding-right: 16px;\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2018\/05\/investments-shastra-blog.png\" alt=\"\"> <\/a><\/p>\n<div class=\"hide-mobile\" style=\"height: 100px; padding-top: 15px;\"><strong style=\"font-size: 15px; color: #32aadf; --is-ink: #227498\">Join our Telegram Channel:<\/strong><br>\n<a style=\"text-decoration: underline; font-size: 14px;\" href=\"https:\/\/t.me\/fundamentalstockinvesting\">Stock Investing<\/a><br>\n<a style=\"text-decoration: underline; font-size: 14px;\" href=\"https:\/\/t.me\/mutualfundinvesting\">Mutual Fund Investing<\/a><\/div>\n<p>\u00a0<\/p>\n<div class=\"hide-desktop\" style=\"float: left; 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And more\u2026.Puchho Befikar\"><\/div><figcaption>Need help on Investing? And more\u2026.Puchho Befikar<\/figcaption><\/figure>\n<p><b><i><\/i><\/b><a href=\"https:\/\/www.youtube.com\/watch?v=iqqbuJbMlk4%20\" target=\"_blank\" rel=\"noopener\">Why MoneyWorks4me<\/a> | Call: <a href=\"tel:+91%2020%206725%208333\">020 6725 8333<\/a> | <a href=\"https:\/\/www.moneyworks4me.com\/dashboard\/sensible-investing\/books\/how-the-heck-to-invest-and-reach-nirvana\" target=\"_blank\" rel=\"noopener\">Ebook<\/a>\u00a0| WhatsApp: <a href=\"https:\/\/api.whatsapp.com\/send?phone=918055769463&amp;text=Need%20any%20help?\" target=\"_blank\" rel=\"noopener\">9860359463<\/a><\/p>\n<p style=\"text-align: left;\"><strong>*<\/strong>Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.<\/p>\n<p style=\"text-align: left;\"><strong>*Disclaimer:<\/strong> The securities quoted are for illustration only and are not recommendatory<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to our company result update note. We understand the importance of staying up-to-date with the latest financial developments of the companies you have invested in.<\/p>\n","protected":false},"author":15,"featured_media":19750,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_is2025_no_summary":false,"footnotes":""},"categories":[1166,1182],"tags":[1602,1530,1549,1526],"class_list":["post-19718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analyst-corner","category-mw4me-outlook","tag-q2fy24","tag-quarterly-result-update","tag-result-update","tag-weekly-result-update"],"_links":{"self":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts\/19718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/comments?post=19718"}],"version-history":[{"count":0,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts\/19718\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/media\/19750"}],"wp:attachment":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/media?parent=19718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/categories?post=19718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/tags?post=19718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}