Manish Gupta, Chairman & CEO and Suhas Prabhu, CFO, Indegene, in conversation with ET Now. says: “The margin, especially at the EBITDA level, has consistently grown from 18.8% to 21.9%. We will look at sustaining and growing the margins as we go forward. Another aspect, given the proceeds from the IPO would be to go … Read more
“It may prevail for a couple of more quarters as well but these are the new high growth emerging sectors, the QSR especially the very high growth emerging as category, they will have a very superior growth for a long period of time and because of that I think it is a good time to … Read more
“I think rate cut, again expectations have been also sort of pushed beyond because we do not expect the US Fed to sort of cut rates because that will sort of put pressure on the currency,” says Pankaj Pandey, Head Research, ICICIdirect.com.What is the market expecting from the RBI policy, a status quo and I … Read more
On the valuation front, considering its estimated FY25’s earnings, the stock of UltraTech is trading at an EV/Ebitda of 14.4. Synopsis For the past four quarters, margins of cement firms have been largely impacted by high raw material costs. But in the year-to-date (YTD) period in 2023, pet coke and thermal coal prices have fallen … Read more
Mumbai: HDFC Bank‘s stellar first-quarter earnings – supported by healthy loan growth and margins, and strong asset quality – saw a number of brokerages reiterate their bullish recommendations on the stock that has the potential to deliver 25% returns given the attractive valuations. Shares of India’s largest private lender closed at Rs 1,678 Tuesday, little … Read more
Chakri Lokapriya, CIO & MD, TCG AMC, says “as we reach the date of the listing of the new entity, HDFC bank, because the arbitrage between HDFC and HDFC bank also is narrowing. HDFC bank from here on, it will trade on its fundamentals which is higher margins and higher loan growth.” The merged HDFC … Read more
Cement makers such as UltraTech, Shree Cement and JK Lakshmi, which have cost-efficient operations, are likely to emerge as beneficiaries. Synopsis Demand from the housing sector, which forms two-thirds of the total demand for cement, has not improved materially. Therefore, there is still high dependence on government-funded infrastructure projects. ET Intelligence Group: Cement prices remained … Read more
” I can only say that there is possibility of improvement from here on and as I said that the gross margins will definitely improve. So, to that an extent our investment in the top line, the growth initiative will also be there,” says Anuj Jain, MD, Kansai Nerolac Paints. Do you think the market … Read more
“I think over the last couple of years because of the huge fluctuation in raw material prices, it was difficult to pass on the entire cost to the market. And hence, with some stabilisation, we believe that stability in margins will come, maybe some improvement or at least coming back to normalised levels for core … Read more
“We are in the final stages of closing quite a few large opportunities. So we are very optimistic about the future as we go along,” says Debashis Chatterjee, CEO & MD, LTI Mindtree.Firstly the growth rate moderated quite a bit in Q4. Is it a one off case or there are any other factors playing … Read more