Q1 – 2017

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    State Bank of India Q1 – 2017: Is SBI worth Rs 245 per share?

State Bank of India Q1 – 2017: Is SBI worth Rs 245 per share?

State bank of India came out with its results last Friday and they look like this:

SBI Bank
Q1 – 2017
Q4 – 2016
Q1 – 2016
%Change Q-Q
% change Y-Y

Total Income
69,414.82
75,956.37
63,164.50
-8.61%
9.90%

Net Interest Income
19,548.35
20,421.86
18,774.31
-4.28%
4.12%

Net Profits
867.32
1,360.31
4,853.60
-36.24%
-82.13%

Deposits
2,311,328.26
2,253,857.56
2,103,799.13
2.55%
9.86%

Advances
1,820,307.81
1,870,260.89
1,667,768.99
-2.67%
9.15%

Gross NPA
101,541.18
98,172.80
56,420.77
3.43%
79.97%

Net NPA
57,420.98
55,807.02
28,669.14
2.89%
100.29%

Total income grew by almost 10%, net interest income by 4% but profit slumped by 82% as expected because of higher provisions. The […]

By |August 16th, 2016|Q1 - 2017|0 Comments|

Bank of Baroda Q1 – 2017: The carnage continues…

Bank of Baroda just came out with its results which was expected. Here is what it looks now

Bank of Baroda
Q1 – 2017
Q4 – 2016
Q1 – 2016
%Change Q-Q
% change Y-Y

Total Income
11,877.91
12,789.06
12,243.72
-7.12%
-2.99%

Net Interest Income
3,371.09
3,330.41
3,459.62
1.22%
-2.56%

Net Profits
423.62
-3,230.14
1,052.15

-59.74%

Deposits
562,173.73

593,087.21

-5.21%

Advances
362,766.35

408,388.13

-11.17%

Gross NPA
42,991.68
40,521.04
17,273.95
6.10%
148.89%

Net NPA
20,783.77
19,406.46
8,470.02
7.10%
145.38%

 

The carnage in banking sector continues, the only positivity we can take from this results is that the gross NPA’s […]

By |August 11th, 2016|Q1 - 2017|0 Comments|
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    JK Bank Q1 – 2017: it’s bizarre but was expected same way!

JK Bank Q1 – 2017: it’s bizarre but was expected same way!

JK Bank just released its first quarter results and there is a lot to talk about it that we would like to share:

JK Bank
Q1 – 2017
Q4 – 2016
Q1 – 2016
%Change Q-Q
% change Y-Y

Total Income
1,789.05
1,805.33
1,888.35
-0.90%
-5.26%

Net Interest Income
632.6
647.11
694.84
-2.24%
-8.96%

Net Profits
22.88
-56.02
158.76

-85.59%

Deposits
68,999.80
 
62264.91

10.82%

Advances
48,854.42
 
43,267.67

12.91%

Gross NPA
4,714.92
4,368.62
2,994.50
7.93%
57.45%

Net NPA
3,023.47
2,163.95
1,276.76
39.72%
136.81%

 

There is nothing to cheer about JK bank results other than that deposits had grew at […]

By |August 10th, 2016|Q1 - 2017|0 Comments|
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    Apollo Tyres Q1 -2017: What should you do after its first quarter results?

Apollo Tyres Q1 -2017: What should you do after its first quarter results?

Apollo Tyres reported its first quarter results yesterday and they look like this:

Apollo Tyres
Q1 – 2017
Q4 – 2016
Q1 – 2016
%change Q-Q
% Change Y-Y

Total Income
3,304.14
2,989.67
2,851.85
10.52%
15.86%

EBIT
459.77
368.63
431.51
24.72%
6.55%

EBIT Margin
13.91%
12.33%
15.13%
1.58 Bpt
-1.22 Bpt

Net Profits
314.69
249.91
284.45
25.92%
10.63%

 

Apollo Tyres first quarter results look good. Net profits had increased by almost 11% and total income from operations by 16%. The only negativity in the results […]

By |August 10th, 2016|Q1 - 2017|0 Comments|

Lupin Q1 – 2017: Where expectations don’t meet reality!

Lupin just came out with good first quarter 2017 results. They look like this:

Lupin
Q1 – 2017
Q4 – 2016
Q1 – 2016
% change Q-Q
% change Y-Y

Total Income
4,439.41
4,170.73
3,156.06
6.44%
40.66%

EBIT
1,187.94
1,191.17
799.16
-0.27%
48.65%

EBIT margin
26.76%
28.56%
25.32%
-1.80 Bpt
1.44%

Net Profit
882.55
751.14
566.31
17.49%
55.84%

 

Looking at the above results, as media is putting across that they missed on the margins expectation. But up-tick in its margin on year-to-year basis is still […]

By |August 9th, 2016|Q1 - 2017|0 Comments|
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    Hero Motocorp Q1 – 2017: Is market too optimistic with its results?

Hero Motocorp Q1 – 2017: Is market too optimistic with its results?

Hero Motocorp released its first quarter 2017 results yesterday which look like this:

Hero Motocorp
Q1 – 2017
Q4 – 2016
Q1 – 2016
% change Q-Q
% change Y-Y

Nos of vehicles sold
17,45,389
17,21,240
16,45,867
1.40%
6.05%

Total Income
8,010.66
8,111.16
7,435.47
-1.24%
7.74%

EBIT
1,235.22
1,193.23
1,043.43
3.52%
18.38%

EBIT Margin
15.42%
14.71%
14.03%
0.71 Bpt
1.39 Bpt

Net Profits
883.10
834.65
747.54
5.80%
18.13%

 

Hero Motocorp profit grew by 18% and total income from operations by 8% on year-on-year basis. There has been tough competition in the […]

By |August 9th, 2016|Q1 - 2017|0 Comments|
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    Cadila Healthcare Q1 – 2017: Should you buy this stock after its results?

Cadila Healthcare Q1 – 2017: Should you buy this stock after its results?

 

 

 

Cadila Healthcare reported its first quarter results yesterday which look like this:

Cadila Healthcare
Q1 – 2017
Q4 – 2016
Q1 – 2016
% change Q-Q
% change Y-Y

Total Income
2,287.10
2449.10
2,382.60
-6.61%
-4%

EBIT
454.90
527.20
532.70
-13.71%
-14.60%

EBIT Margin
19.89%
21.53%
22.36
-1.64 Bpt
-2.47 Bpt

Net Profits
344.10
392.10
447
-12.24%
-23.02%

 

While writing this blog, I am pretty sure many people will be confused what to do with this business. Should you stay invested or pull out your […]

By |August 4th, 2016|Q1 - 2017|0 Comments|

HCL Tech Q1 – 2017: Is it trading at discount?

HCL Technologies reported its first quarter results for 2017 this morning and they look like this:

HCL Tech
Q1 – 2017
Q4 – 2016
Q1 – 2016
% change Q-Q
% change Y-Y

Revenues
11,336
10,698
9,777
5.96%
15.95%

EBIT
2,586
2,422
2,188
6.77%
18.19%

EBIT Margin
22.81%
22.64%
22.38
0.17 Bpt
0.43 Bpt

Net Profit
2,047
1,926
1,783
6.28%
14.81%

 

In the IT sector, so far we found only HCL Technologies first quarter results as one of the best report card. Revenues grew by […]

By |August 3rd, 2016|Q1 - 2017|0 Comments|

Tech Mahindra: Q1 – 2017

Tech Mahindra reported its first quarter 2017 results yesterday and they look like this:

Tech Mahindra
Q1 – 2017
Q4 – 2016
Q1 – 2016
% change Q-Q
% change Y-Y

Revenues
6,920.93
6,883.73
6,293.82
0.54%
9.96%

EBIT
1,073.07
1,093.94
857.03
-1.91%
25.21%

EBIT Margin
15.50%
15.89%
13.62%
-0.39 Bpt
1.88 Bpt

Net Profits
750.11
858.10
622.50
-12.58%
20.50%

 

Tech Mahindra’s year-on-year basis results look okay, Revenues jumped up 10%, EBIT margins improved by 1.88 basis points and profits climbed up by 21%. The revenue […]

By |August 2nd, 2016|Q1 - 2017|0 Comments|

ICICI Bank: Q1 -2017

We are watching very closely the banking sector numbers of India, as almost quarter of our portfolio today is invested in the banks. ICICI Bank, another big private sector player reported its first quarter results for 2017 which looks like this:

ICICI Bank
Q1 – 2017
Q4 – 2016
Q1 – 2016
%Change Q-Q
% change Y-Y

Total Income
16,759.51
18,590.86
15,802.45
-9.85%
6.06%

Net Interest Income
5,158.52
5,404.51
5,115.09
-4.55%
0.85%

Net […]

By |August 1st, 2016|Q1 - 2017|0 Comments|