Q1 RESULTS FOR NIPPON LIFE INDIA ASSET MANAGEMENT : EXPLAINED ?

The organization had posted a profit after tax of Rs 125.6 crore in the year-prior period.Organization revealed a 25 percent bounce in itsprofit after tax to Rs 156 crore for the June quarter.

Total income for the quarter under survey dropped to Rs 336.18 crore from Rs 360.41 crore in the April-June time of the first monetary.

COVID-related occasions in March and April, NIMF saw improvement in financial specialist streams and development in AUM, in accordance with the business. Q1 FY21 saw an ascent of 25 percent in benefits, driven by better financial specialist tenacity, quality in the retail section, and cost efficiencies.We have onboarded more than 370 institutional speculators over the most recent nine months, and have pulled in new spills out of a few HNIs/family workplaces.

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Q1 RESULTS FOR UNITED SPIRITS LTD: EXPLAINED IN DETAIL ?

UNITED SPIRTS Q1 RESULTS :EXPLAINED ?

United Spirits revenues declined 46% to Rs 3828.5 crore for the Q1 quarter finished June, affected by Covid-19 drove disturbance that brought about complete shutdown of business for longer than a month in the quarter followed by slow resumption with shifting state-level limitations .

The McDowell’s whiskey posted lost Rs 215 crore. A year prior, the nation’s biggest alcohol firm which is constrained by Diageo Plc, had posted net profit of Rs 197.4 crore during a similar quarter.
From a profitability point of view, zero deals for over a month combined with the negative effect of working influence, and certain erratic costs like Covid-drove out of date stock and maturing based arrangements seriously affected our productivity, bringing about a total deficit for the quarter.

Net Sales declined 52% affected by the conclusion of on-premise channel and evaporating of social events for utilization. Famous fragment Net Sales declined 51% in general yet declined 46% in need states.

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Q1 RESULTS FOR ASIAN PAINTS : EXPLAINED ?

consolidated profit for June quarter plunged 66.7 percent year-on-year (YoY) to Rs 218.45 crore from Rs 655.44 crore in a similar quarter a year ago.

Income from operations, failed 42.7 percent to Rs 2,922.66 crore for the quarter contrasted and Rs 5,104.72 crore in the year-back quarter

Profit before tax (PBT) fell 70.2 percent for the quarter to Rs 305.76 crore from Rs 1,025.24 crore .

The organization said its global business portfolio progressed nicely, bolstered by ideal working conditions in business sectors in Middle East and Africa.

Profitability across organizations was very much upheld by the gentler crude material costs and the different cost control estimates being effectively sought after by the administration

The different business sections in India, including the two mechanical coatings business and both the portions in the home improvement classification likewise saw improving patterns in June.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk

Q1 RESULTS FOR HDFC AMC :EXPLAINED IN DETAIL ?

HDFC AMC posted a 3.62 percent year-on-year (YoY) ascend in net profit at Rs 302.36 crore for the quarter finished June 30. It had posted a net benefit of Rs 291.79 crore in the comparing quarter a year ago.

Fall in absolute use for the most part upheld the main concern of shared store house during the quarter under audit. It posted a 43.52 percent YoY plunge in complete expense consumption at Rs 78.01 crore in Q1FY21 over Rs 138.13 crore in a similar period a year ago.

Then again, absolute pay of the organization declined 11.11 percent YoY to Rs 491.31 crore during the April-June period.

Income of the Company is at last subject to the estimation of the benefits under administration (AUM) it oversees, changes in economic situations and the pattern of streams into common assets may affect its activities. Since the circumstance is as yet developing and it appears to be likely that there will be a material effect on the economy.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk

Q1 RESULTS FOR HEIDELBERG CEMENT INDIA WHY ?

The company had announced a net Profit of Rs 79.03 crore in the April-June time of the first financial.

Total revenue from activities declined 30.80 percent to Rs 407.70 crore from Rs 589.23 crore in the comparing quarter of 2019-20

Volume diminished by 32 percent, fundamentally determined by the suspension of activities in April 2020.

Cement Sales volume during the quarter was 857 KT as against 1,258 KT prior.

Total expenses are Rs 342.99 crore as against Rs 479.25 crore in Q1 FY20, down 28.43 percent.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.

Q1 RESULTS : WIPRO LTD EXPLAINED IN DETAILED ?

After Declaration of Q1 results Stock price Zoomed 16.85% In Today’s Session Previous Closing price was 225.05,Made A High 265.50 .

Wipro posted Results Today net Profit at Rs 2,390.40 crore for the quarter finished June 30. It had detailed a net benefit of Rs 2,387.60 crore in the relating quarter a year ago.

Consolidated revenue of the organization expanded 1.33 percent YoY to Rs 14,913.10 crore in Q1FY21, over Rs 14,716.10 crore in a similar period a year ago Said by Jatin Dalal, Chief Financial Officer of Wipro .

We extended the edges during the quarter, regardless of lower incomes, on the rear of strong execution of a few operational upgrades and rupee deterioration. We additionally kept on supporting strong money age with working incomes at 174.9 percent of net gain.

Our tasks may likewise be contrarily influenced by a scope of outside elements identified with the Covid-19 pandemic that are not inside our control Wipro .

Income from IT services expanded 1.70 percent YoY to Rs 14,595.60 crore during April-June period. In any case, the figure declined 4.58 percent on quarter-on-quarter premise.

The organization declared its outcomes post showcase hours. Prior, portions of the organization stock price Down Rs 225.05.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.

Q1 RESULTS : MINDTREE STOCK PRICE DOWN CLOSED AT 978.15 : WHY ?

Mindtree said net Profit Raised about 130% in the primary quarter to Rs 213 crore. Profit was likewise 3.3% higher consecutively.

Income for the quarter finished June 30 rose 4.1% year-on-year to Rs 1,908.8 crore yet was down 6.9% successively.

We closed the quarter with a healthy order book of $391 million regardless of the worldwide headwinds because of the Covid-19 pandemic. Our relentless spotlight on operational efficiencies has helped us to post a solid EBITDA of 18.2% said by Debashis Chatterjee, Chief Executive Officer and Managing Director, Mindtree.

The organization included six new customers during the quarter, with a sum of 292 dynamic customers as of June 30. The all out headcount toward the finish of the quarter remained at 21,955, with trailing a year weakening rate at 16.6 percentage.

The organization said new venture wins during the quarter incorporated a cloud change and guide for a movement innovation firm and creating and testing administrations for a social insurance firm in North America.

It has additionally been granted a multi-year worldwide foundation administrations contract from a current customer for a corporate travel and gatherings the executives organization.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.

D-MART(AVENUE SUPERMARKETS ) Q4 RESULTS :EXPLAINED

Shares of Avenue Supermarts, retail chain DMart, fell 6.04% and 88% drop in its consolidated net profit for the quarter finishing 30 June, 2020.

The organization refered to Covid-19 for its net benefit diminishing to ₹40 crore as against ₹323 crore in the year-prior period. The organization’s merged all out salary fell 32% to ₹3,933 crore as against ₹5,826 crore in June 2019.

Remarking on the money related execution of the organization Neville Noronha, CEO and Managing Director, Avenue Supermarts Ltd, said Covid-19 kept on spreading the nation over. The resulting limitations have significantly affected our operational and money related execution in the quarter. Our income, EBITDA and benefit for the quarter were essentially lower when contrasted with a similar quarter a year ago.

Earnings before interest tax deterioration and amortization (EBITDA) in Q1 FY21 remained at ₹112 crore, when contrasted with ₹597 crore in the comparing quarter of a year ago. EBITDA edge remained at 2.9% in Q1 FY21 when contrasted with 10.3% in Q1 FY20.

The organization’s value subsidizing of ₹4,000 in the previous quarter fortified the monetary record with net money position.

Any place stores were permitted to work unhindered, we recouped to 80% or a greater amount of pre-covid deals in many stores. Optional utilization keeps on being feeling the squeeze, particularly in the non-FMCG classifications.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.

Q4 RESULTS : LAKSHMI VILAS BANK EXPLAINED

The private division loan Lender had made Rs 234 crore net loss in the year back period.

The private division loan Lender had made Rs 234 crore net loss in the year back period.

CEO S. Sundar told that the bank is presently expanding just MSME advances that accompany full government assurance and gold advances where hazard weightage is nil and subsequently it doesn’t require to put aside capital against these credits.

Its capital adequacy ratio plunged to pretty much 1.12 % from 7.72 % .

“Around Rs 1500 crore should originate from Clix Capital. On the off chance that this occurs, the CAR would improve to past the administrative need,” Sundar

The bank has Signed to a non-restricting arrangement with Clix Capital Services and Clix Finance India for a merger proposition for which a common due-ingenuity process is on.

The bank got back Rs 326 crore because of conceded charge treatment and another Rs 119 crore by virtue of inversion of arrangements made before compensation corrections just as changes in actuarial valuation.

The bank has consented to a non-restricting arrangement with Clix Capital Services and Clix Finance India for a merger proposition for which a shared due-steadiness process is on.

Be that as it may, resource quality intensified with in excess of a fourth of its advances turning non-performing. Net NPA was 23.27 percent a quarter back and 15.30 percent a year prior. Net NPA slipped to 10.04 percent as against 9.81 percent toward the finish of December and 7.49 percent toward the finish of March 2019.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.

NBCC SHARE PRICE ZOOMED 11% UP EVEN RESULTS DISAPPOINTED IN MARCH QUARTER :EXPLAINED WHY ?

Share price of NBCC (India) moved as much as 11 percent on the BSE . after the organization declared its March quarter results for the money related year 2019-2020

the organization’s independent net benefit declined 68.24 percent to Rs 48.52 crore as against Rs 152.75 crore in the year-prior period. Deals declined 33.29 percent to Rs 1,569.57 crore as against Rs 2,353 crore in the relating quarter of the past monetary.

For the entire year, net benefit declined 79.21 percent to Rs 79.87 crore in the year finished March 2020 as against Rs 384.11 crore in the earlier year. Deals declined 27.47 percent to Rs 5,179.72 crore.

On a combined premise, net profit slipped 41 percent to Rs 83.77 crore while net Sales remained at Rs 2,568.73 crore, down 16.8 percent Year On Year (YOY).

The organization noticed that the spread of the Covid-19 pandemic has severally affected organizations around the world and it had briefly suspended its tasks when the administration declared an across the country lock down on March 23. Because of this, the activities for the long stretch of March were incompletely affected.

Disclaimer: I am Not a SEBI REGISTERED ANALYST. This Website & Its Owner, Creator & Contributor is Neither a Research Analyst nor an Investment Advisor and Expressing Option Only as an Investor in Indian Equities. All trading strategies are used at your own risk. He/ She are Not Responsible for any Loss a Rising out of any Information, Post or Opinion Appearing on this Website. Investors are advised to do Own Due Diligence or Consult Financial Consultant before acting on Such Information. Author of this Website not providing any Paid Service and not Sending Bulk mails/SMS to Anyone. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Investment/Trading in securities Market is subject to market risk.