News

– A lot of backward integration measures will come on stream in the next few quarters

– Will decide what to do with the backward integration savings

– Margins will be around 18-19% going forward, with a broader band being 18-20%

– Competitive intensity will remain, but new players will start feeling the heat as easy pickings are done

Shares of NSDL are trading 4% higher after the earnings announcement.

The stock has remained flat over the last one month.

Stock is up over 30% from the IPO price of ₹800 per share.

– Story of growth over margin will continue to play out

– Strong volumes to aid revenue

– Inferior product mix to drag margin

– Margin may slip YoY but likely to improve sequentially

– Profit seen down 15% at ₹750 crore Vs ₹880 crore last year

– Revenue seen up 7% to ₹29,800 crore from ₹27,812 crore

– EBITDA seen up 4% to ₹2,536 crore Vs ₹2,448 crore

– EBITDA Margin seen at 8.5% Vs 8.8% last year

– All numbers part of a CNBC-TV18 poll

– Strong Q2 expected

– Double-digit volume growth to aid revenue

– Margin seen at multi-quarter high of ~15%

– 11th straight day of losses

– Has gained in only four out of last 20 sessions

– Down 27% in the last 11 trading sessions

– 19 lakh shares change hands Vs 20-day average of 2.5 lakh

– Falls below all key moving averages

– Has declined for four straight months

– Revenue up 16% from last year to ₹2,692 crore

– EBITDA up 6% to ₹336 crore from ₹316 crore last year

– EBITDA margin down by 90 basis points to 12.5% from 13.6% last year

– Shares trading over 7% lower at ₹2,712.1

– Seasonally weak quarter for the industry

– Revenue up 7.7% from last year, EBITDA flat

– Net profit up nearly 20% due to lower finance costs

– Occupancy at 69.8% from 68.4%

– Management fees at ₹34.3 crore from ₹31.8 crore

– Stock trading with losses of over 4.5%

– M&HCV Industry Saw A Growth Of 7% In Oct & LCV By 15%

– Other Than Price Cut, Consumption Boost Will Help The CV Industry

– Consumption Boost Is Driving Demand Of The Fleet

– Can See A Much Better H2 If Consumption Stays Up

– In Start Of The Year, We Were Expecting Mid-single Digit Growth For CV Industry

– At This Point, I Can Say That We Will Beat The Mid-single Digit Growth Estimate

Shares of Cohance Lifesciences are down 8% after the company’s September quarter results.

Revenue fell 8% from last year to ₹555.5 crore.

EBITDA declined by 41% from last year to ₹121 crore

EBITDA margin down to 21.8% from 34% last year

Net profit more than halves to ₹66.4 crore from ₹138.2 crore

Shares of Data Patterns are up 8.4% in response to their results.

The company’s revenue and EBITDA growth was well above what the street was anticipating.

Although margins were hit due to rise in material costs, the management is confident of returning to historical highs in the quarters ahead.

Shares of Asian Paints are now up 10% in the last two sessions.

The stock is up another 3.5% today, extending Wednesday’s 6.7% surge.

Stock had surged after the company’s volume growth and other parameters delivered a strong beat versus expectations.

Shares of Honasa Consumer, parent company of Mamaearth are trading with gains of as much as 9% in response to their results.

Profitability returned during the quarter compared to a loss last year. Underlying volume growth was also strong at 16.7%.

The stock currently trades 6.8% higher at ₹300.6, still below IPO price of ₹324.

Shares of Cochin Shipyard are trading with losses of up to 8% in early trading on Thursday.

The stock has recovered from opening lows, and are now trading 4.5% lower.

– Revenue up 3.4x from last year to ₹307 crore from ₹91 crore, higher than expectations of 37% growth

– EBITDA also doubled from last week to ₹68 crore, estimates were for a 37% growth

– Higher material costs significantly impact margins

– Material costs jump to 61% from 24% last year

– Gross margin dips to 38% from 76% due to low margin project

– Confident of achieving regular historical margins for the rest of the year

– Buy rating with price target of ₹6,100

– FY26 margin guidance intact

– Estimate FY25-28 EPS CAGR of 24%, manufacturing book/bill ratio of 31x FY25 sales

– Revenue up 16.5% from last year to ₹538 crore

– Underlying volume growth at 16.7% from last year

– EBITDA of ₹47.5 crore from EBITDA loss of ₹30.7 crore last year

– Net profit of ₹39.2 crore from net loss of ₹18.5 crore last year

– Adjusted for revenue recognition with Flipkart, growth at 22.5%

– Net profit down 33.7% to ₹136.5 crore

– Revenue down 19.2% to ₹1,976 crore from ₹2,447.5 crore last year

– EBITDA down 29.6% to ₹141.7 crore from ₹201 crore last year

– EBITDA margin at 7.2% from 8.2% last year

– Sixth straight quarter of revenue deceleration

Jefferies has raised its price target on Asian Paints to ₹3,300 from ₹2,900 earlier. It stated that the domestic volume growth with market share gains were key highlights from the quarter, led by investments in brands, innovation, and regional activations. This is the second highest price target for Asian Paints on the street.

Also watch for earnings reactions from Man Infra, GNFC, Afcons Infra, KNR Constructions, Lloyds Metals, among other names. Watch this space for all the Live updates.

In key earnings reactions for the day, Tata Steel’s earnings beat was led by the India business, while Cochin Shipyard missed expectations.

Data Patterns’ margins saw a sharp fall due to higher costs and a low margin project during the quarter.

Stocks like Hero MotoCorp, Eicher Motors, Bharat Dynamics, Voltas, Page Industries, PG Electroplast, NBCC, LG Electronics India, NSDL, Apollo Tyres, Samvardhana Motherson, Paras Defence, Astra Micro, Man Industries, Marksans Pharma, MIDHANI, Sky Gold, Sonata Software, Talbros Automotive are some of the companies announcing their results today.

While Eicher Motors is the only Nifty name reporting results today, there are a whole host of broader market results.

More details in subsequent posts.

Good Morning!

Welcome to CNBC-TV18’s Live Coverage of the Q2 earnings season.

The penultimate day of the earnings season for the quarter could be the heaviest in terms of the quality of companies announcing their results.

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