Q1 FY19 has been a spectacular quarter, as far as profitability is concern, for the Indian TYRE sector. All most all the companies have registered a superb performance during this period - many thanks to the increasing demand from the OEMs, as well as, in the replacement market. Common Parameters for Such Performance for the Sector Are – Stable Crude Oil prices Range bound natural rubber prices Strong demand from the Auto manufacturers Market Leader Performance: For the Q1
Grasim Industries Limited has reported an excellent performance for Q1FY19, recording all-round growth. Listed below are some of the key points - For its Q1FY19, Standalone revenue stood at INR 4,789 Cr. was up by 75%, compared to Q1 last year. Standalone EBITDA grew by 89% at INR 1,176 Cr. The FCF for the quarter was INR 400 Cr. after a capex of over INR 300 Cr. At consolidated level, the revenue for Q1FY19 rose by 71% to INR 16,857 Cr. and EBITDA at INR 3,212 Cr. was up by 33%. The
DEWAN HOUSING FINANCE CORPORATION LIMITED (DHFL) has presented its Q1 FY18-19 results today post market hours. Listed below are some of the financial highlights - Revenue Q1 FY18-19 DHFL's standalone revenue for the period ended 30 June 2018 stood at INR 3149.67 Cr which was INR 2495.94 Cr for the same period last year, showing 26.19% growth on YoY basis. The Company's total revenue for April to June 2018 quarter stood at INR 3156.09 Cr which was INR 2497.14 Cr a period year
CreditAccess Grameen Limited - a leading micro-finance institution in India is, planning to raise INR 1126 - 1131 Cr via initial public offer (IPO) [Fresh Issue (INR 630 Cr) and Offer for Sale (INR 501 Cr)] CreditAccess Grameen Ltd - Company Profile CreditAccess Grameen Limited (formerly known as Grameen Koota Financial Services Pvt. Ltd.) was born out of the need for timely and affordable credit to India's poor and low-income households. Incorporated in the year 1991, this Bengaluru based
Titan Limited, one of the leading Jewellery & watchmaker, has presented its Q1 numbers today when the market closed. The first quarter of FY 2018-19 was an extremely good quarter for Titan Company limited. The Company reported a growth of 31.4% in profit before tax (PBT) for the quarter. Read details – Revenue The Company’s revenue from operation, standalone basis, grew by 6.67% YOY to INR 4268.56 Cr which was INR 4001.57 Cr for the period ends 30 June 2017. QoQ revenue soared by
Mortgage lender Indiabulls Housing Finance Limited posted its Q1 results on Thursday after market hours. The Company profits (PAT) soared by 29% YoY to INR 967.95 Cr as compared to INR 749.99 Cr for the previous year. Read details – Revenue The Company’s revenue from operations, on a standalone basis, grew by 26.22% year-on-year to INR 3601.12 Cr which was INR 2853.04 Cr for the period ended 30 June 2018. The Company’s total revenue stood at INR 3789.45 Cr for the period ends on 30 June
Apollo Tyres Limited, one of the leading tyre manufacturers in India, has posted its quarterly numbers when the market ends. The Company’s Q1 profit after tax (PAT) stands at INR 216.88 Cr as compared to INR 67.125 Cr a year ago. Read details – Revenue Apollo Tyres revenue from operation, on a standalone basis, grew by 19% year-on-year to INR 3021.15 Cr which was INR 2538.97 Cr for the period ends 30 June 2017. When compared to QoQ basis, the company’s revenue grew by 10%. The Company’s
Lubes maker Castrol India presented its quarterly numbers today, after the market hours. Company’s profit after tax (PAT) improved by 19% to INR 164.20 Cr YoY (INR 137.90 Cr for the period ends 30 June 2017). Read details - Revenue Castrol India’s revenue from operations QoQ grew by 9.72% to INR 1017.2 Cr which was INR 927.1 Cr a period year ago. The YoY revenue increased by just below 1% - which was INR 1007.7 Cr for the period ended 30 June 2017. Company’s total revenue stood at INR
