RESULTS | Stocks Vision

July 3, 2020July 2, 2020

Q4 RESULTS FOR VODAFONE IDEA : EXPLAINED ?

Vodafone Idea posted lost Rs 11,643.5 crore for the financial final quarter, its seventh progressive three-month duration in the red, hurt by loss of endorsers, high account costs and a one-time charge related basically to its legal duty.

The telco cautioned of proceeded with danger to its suitability except if the Supreme Court permits it to pay the a large number of crores in balanced gross income (AGR) that it owes to the administration in portions, other than having the option to renegotiate reimburse ..

As of date, we have finished system coordination in 92% of complete area. Due to the continuation of across the country lockdown, the rest of the combination is relied upon to take longer than at first expected,” the telco said.

In any case, decrease in working costs for the quarter, barring permit expenses and range use charges and meandering and get to charges, implied that on an annualized premise, the telco had completely understood its objective merger opex cooperative energies of Rs 8400 crore.

Information utilization per client for Vodafone Idea rose to 11.5 GB from 10.7 GB in the monetary second from last quarter. In correlation, Airtel’s normal information utilization was 14.6 GB, while Jio’s remained at 11.3 GB.

Following quite a long while of hyper rivalry which prompted impractical evaluating, we expanded prepaid taxes toward the beginning of December 2019 over all value focuses for both boundless plans just as combo vouchers. Accordingly, income for the quarter improved to Rs. 117.5 billion, an expansion of 6.0% QoQ, the telco said.

Bharti Airtel, with a supporter base of 283.7 million, and Reliance Jio, with over 387.5 million clients.

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June 30, 2020June 29, 2020

Q4 RESULTS FOR MRF TYRES MAJOR :EXPLAINED IN DETAIL ?

Tyre major MRF on Monday posted Net profit to Rs 679.02 crore for the final quarter finished March 31. The organization had detailed a net benefit of Rs 293.93 crore for a similar time of 2018-19 financial.

Income from Operations remained at Rs 3,685.16 crore as contrasted and Rs 4,137.67 crore in a similar time of 2018-19, MRF Ltd NSE – 1.90 % said in an administrative documenting.

For 2019-20 financial, the organization posted a combined net benefit of Rs 1,422.57 cr crore as against Rs 1,130.61 crore in 2018-19.

Income from activities for last financial remained at Rs 16,239.36 crore when contrasted with Rs 16,062.46 crore in 2018-19.

The tyre business has been confronting market request issues radiating from the emergency that the vehicle part has been going up against for quite a while, the organization said.

In any case, the administration’s declaration of putting limitations on the import of tires is probably going to be of monstrous assistance to the business at a troublesome time.

The organization’s board suggested a last profit of Rs 94 for each offer for the year finished March 31.

With two between time profits of Rs 3 each paid during the year, the total profit for the last money related year is Rs 100 each per value portion of Rs 10 each.

June 30, 2020June 29, 2020

Q4 RESULTS FOR BHARAT FORGE :EXPLAINED IN DETAILED ?

announced a Consolidated total deficit of Rs 68.59 crore in the final quarter finished March 31, because of lower income and impedance of its interest in partner firm Tevva Motors Jersey Ltd because of the crown infection pandemic.

The organization had posted a united net benefit of Rs 324.09 crore in the relating quarter of the past money related year, Bharat Forge said in an administrative documenting.

Its consolidated revenue from operations during the period under audit remained at Rs 1,741.92 crore, contrasted and Rs 2,670.78 crore in the year-prior period.

For the full budgetary year 2019-20, the organization’s united net benefit remained at Rs 349.25 crore, against Rs 1,032.6 crore in the earlier year.

The association’s income from tasks in 2019-20 was at Rs 8,055.84 crore, against Rs 10,145.73 crore in 2018-19.

Bharat Forge said it has given a measure of Rs 89 crore towards disability of its interest in partner Tevva Motors Jersey Ltd, which is a new business for particular zap frameworks for medium-obligation business vehicles.

Thusly, the organization said it has given Rs 89 crore in independent money related outcomes. It has an effect of Rs 47.59 crore in the united money related outcomes in the wake of modifying the losses previously considered.

June 28, 2020June 27, 2020

ITC STOCK PRICE DOWN EVEN COMPANY ANNOUNCES 10.15/-PER SHARE DIVIDEND WHY ?

Cigarettes-to-Hotels organization ITC announced a 9.05 percent drop in independent net benefit for the quarter finished March at Rs 3,797.08 crore.

The organization had revealed a net benefit of Rs 3,481.90 in a similar quarter a year back.

ITC income from tasks dropped to Rs 11,420.04 crore from Rs 12,206.03 crore in the relating quarter a year prior.

The organization suggested a profit of Rs 10.15 for the money related year finished March 31.

Its EBITDA for the quarter came in at Rs 4,163.50 crore,

The incomes from its cigarette business for the quarter were Rs 5,130.5 crore, contrasted with Rs 5,485.92 crore a year back.

Similarly as the business condition was giving indications of an early recuperation in the start of the final quarter, the beginning of Covid-19 pandemic changed the circumstance significantly ITC said in a discharge.

In the underlying stages, the infection significantly affected the inns, training and writing material items organizations as it matched with the pinnacle time frame and the beginning of the educational season, separately, it included.

ITC said the training and writing material items business, which revealed solid development till February, was seriously affected in the pinnacle month of March because of conclusion of instructive establishments and delay of new scholarly meetings across states in accordance with across the country lock down.

While solid energy has been seen in fundamental shopper merchandise and the organization has sloped up ability to support flood sought after across classifications, the interest in the training and writing material items business fragment kept on being quelled pending resumption of the instructive foundations, the organization said

The organization said its practically identical income development, barring instruction and writing material items business and way of life retailing business, remained at around 5 percent during the final quarter.

ITC said its Hotels business posted solid development in section income and fragment consequences of around 19 percent and 29 percent, individually, during the initial nine months of the year. This energy was supported in January and February, however the business was seriously affected by the flare-up of Covid-19 pandemic towards the year’s end.

June 26, 2020June 24, 2020

HERO MOTO CORP UP 56% IN 3 MONTHS : EXPLAINED WHY ?

Hero MotoCorp (HMCL) Gained 5 percent and hit a more than seven-month high of Rs 2,544 on the BSE for request recuperation post the lifting of the lock down.

The load of the bike organization was exchanging at its most High level since November 18, 2019. In the previous three months, the stock has beated the market by flooding 56 percent, when contrasted with 34 percent ascend in the S&P BSE Sensex.

The interest recuperation would be driven by country markets (predominant incomes through homestead, MNREGA exercises). Consequently, the relative inclination for provincial confronting auto portions, bikes stays and HMCL’s high rustic presentation (>50 percent request) inclines close to term recipient scales in support of its.

According to organization, incomes for January-March quarter (Q4FY20) would have been Rs 7,400 crore and fundamental EBITDA (profit before intrigue, duties, deterioration and amortization) edge 13.5 percent notwithstanding the Covid related effects.

Experts at ICICI Securities trust HMCL has potential development tailwinds in H2FY21 from rustic recuperation, downtrading in bikes. In any case, in the event that urban (read high Covid sway) clients look for expanded individual transportation bike portion could remain to pick up, HMCL stays a more fragile player in this classification, it said with ‘hold’ rating on the stock.

“The COVID-19 pandemic has added vulnerability to an effectively feeble interest condition and inconsistencies because of the BS6 progress. Post lifting of the lockdown request recuperation is in progress and introductory criticism has been certain, presumably determined by repressed interest.

June 25, 2020June 24, 2020

BALRAMPUR CHINI SURGED 5% AFTER BUY BACK ANNOUNCEMENT :EXPLAINED WHY ?

Balrampur Chini Mills climbed 5 percent to Rs 141.70 on the BSE on Wednesday after the organization posted a 31.1 percent year-on-year (YoY) development in income to Rs 1,740 crore in March quarter (Q4FY20) results.

The organization’s working benefit declined 6.6 percent y-o-y to Rs 241 crore, to a great extent affected by decrease in power incomes. Net benefit declined 14.8 percent at Rs 230 crore, affected by lower tax collection in base quarter.

The administration said the sugar fragment conveyed a solid exhibition on the rear of higher volumes and consistent acknowledge. The refinery fragment conveyed hearty execution by virtue of higher volumes and better acknowledge.

The organization likewise declared a buyback of 10 million offers at Rs 180 for every offer by means of delicate offer. The board has fixed July 3, 2020 as the record date for deciding the qualification who will be qualified to take an interest in the buyback.

The sugar business has seen stable profit with the base selling value (MSP) set up. Also, the business has had the option to sell tremendous sugar stock through fare impetuses and preoccupation towards B overwhelming ethanol.

Examiners at ICICI Securities accept that Balrampur Chini is best positioned in the division given lower necessity of working capital obligation, ideal refinery and force abilities to use all its molasses and bagasses. The organization created Rs 850 crore of working incomes in FY20.

“We accept continuation of fare motivators and expected climb in MSP would additionally improve profit and income for the organization. The Covid-19 effect on sugar industry is negligible with around 1 MT of lower utilization,” the financier firm said in result update and said it stays positive on the stock.

Balrampur Chini Mills was exchanging 2 percent higher at Rs 137.70 on the BSE, when contrasted with 0.51 percent ascend in the S&P BSE Sensex. Around 1.6 million value shares have changed hands on the counter on the NSE and BSE up until this point.

June 23, 2020June 23, 2020

INDIAN BANK DECLARED Q4 RESULTS?

Indian Bank ON NSE 7.15 % has slipped into the red in the final quarter with Rs 218 crore total deficit because of higher arrangements. It had made benefits in the past seventy five percent while endured Rs 190 crore misfortune in the year prior period.

Its working benefit rose 37 percent at Rs 1,703 crore contrasted and Rs 1,245 crore in the year prior period. All out pay rose 14 percent at Rs 6,334 crore over Rs 5,538 crore with net intrigue salary developing at a similar rate at Rs rate at Rs 2,003 crore.

The year-on-year misfortune extended because of 34 percent higher arrangements and possibilities which was seen at Rs 1,921 crore, the bank said.

The bank has demonstrated improvement in resource quality with net non-performing resources proportion tumbling to 6.9 percent toward the finish of March from 7.11 percent, while the net proportion was at 3.1 percent from 3.75 percent.

Its absolute business grew 8 percent to Rs.4.66 lakh crore, contributed by 19 percent credit development to Rs.2.06 lakh crore and 7 percent stores development to Rs 2.60 lakh crore. Development in propels was driven by the retail.

June 23, 2020June 23, 2020

DB CORP NET PROFIT DOWN BY 56% IN Q4 RESULTS WHY ?

Media house DB Corp on Tuesday detailed 55.83 percent decrease in merged net benefit at Rs 24.05 crore for March quarter 2019-20 because of the effect of COVID-19.The organization had posted a benefit of Rs 54.45 crore in January-March a year back, DB Corp said in an administrative recording.

Income from activities was down 17.30 percent to Rs 486.65 crore during the quarter under survey as against Rs 588.52 crore in the year-prior period.

The across the nation lockdown drove by the episode of COVID-19, made a quick interruption organizations, affecting incomes towards the finish of Q4FY20 and proceeding in Q1FY21. Be that as it may, the Group’s difficult work throughout the years has guaranteed that our money related and showcase position stays solid to withstand such testing time,” Managing Director Sudhir Agarwal said.

All out costs of the firm were at Rs 457.82 crore in March quarter 2019-20, down 10.31 percent from Rs 510.50 crore prior. ..

Income from printing, distributing and united business was at Rs 455.04 center, down 17.23 percent from a similar period a year back.

Income from the radio was at Rs 31.82 crore, down from Rs 38.77 crore in January-March 2018-19.

In 2019-20, DB Corp’s net benefit was down 9.44 percent to Rs 247.97 crore.