BUSINESS
UPL: Upbeat revenue outlook eclipses corporate governance concerns
UPL expects revenue to rise 7-10 percent in the current fiscal after clocking 8 percent growth in FY21
BUSINESS
Cadila’s animal health sale to fund its business transformation
Cadila’s animal healthcare business has reported steady growth and in FY21, its profit margins are estimated to be higher than overall company-level margins
TRENDS
Soaring drug sales may have a cautionary message for investors
Surge in COVID-19 infections last fiscal year has impacted sales of major category drugs hurting overall market growth
TRENDS
How big is the risk of employee absenteeism for IT services companies?
L&T Technology Services offered subdued revenue guidance for the current fiscal while Cognizant pointed to demand fulfilment challenges last quarter
TRENDS
SBI Life’s demand-driven approach is yielding good dividends
SBI Life Insurance’s March quarter growth is best amongst larger life insurers. Thanks to a favourable product mix, it also saw notable improvement in profitability
BUSINESS
Laurus Labs’ $1 billion sales target needs a bit of luck on execution
Laurus Labs is already halfway past its $1 billion revenue target and has new capacities and products to back up its growth plan
BUSINESS
Gateway Distriparks’ results indicate resilience in EXIM trade
The improvement in profit margins of Gateway Distriparks and a positive outlook has led to earnings upgrades by analysts
COMPANIES-2
Maruti’s eroding profit margin requires deep repair in product line-up
Apart from the voluntary plant shutdown to free up oxygen supplies, Maruti has managed its manufacturing operations surprisingly well so far this year
SECTOR
Tech Mahindra bucked IT sector hiring trends in FY21
Tech Mahindra is the only tier-1 IT firm to see a drop in employee base in FY21. The hiring trends are out of sync with its commentary about growth
COMPANIES-2
Blackstone’s renewed commitment to Mphasis comes at a crucial juncture
Continuation of Blackstone as the primary shareholder will ensure business continuity at Mphasis whose agreement with an important customer will come up for renewal in 2021
BUSINESS
How the FY22 outlook differs for ICICI's insurance units
ICICI Prudential Life is expected to clock superior growth in the current fiscal, helped by scale-up of product distribution partnerships
BUSINESS
Anti-China sentiment: India should seize the opportunity in textile exports
India gained market share in US imports of cotton home textiles in 2020 and this year. Exports of readymade garments rose in March after several months of declines
BUSINESS
What can undermine Wipro's plan to catch up with its peers?
Wipro faces near term cost pressures from wage hikes and investments, which can impact profit margins in FY22
BUSINESS
Why TCS trades at a premium to Infosys despite lagging in revenue growth
Attrition rose sharply at Infosys and the company alluded to moderation in profit margins in FY22. Meanwhile, TCS is displaying resiliency in its profit margin
BUSINESS
Tata Chemicals' transformation faces hiccups in soda ash business
Resurgence in COVID-19 infections and slowdown in end user markets can delay recovery in its soda ash business
BUSINESS
AC, solar PLIs will nudge backward integration; sustained support crucial to build industry base
The PLI schemes coupled with the hike in import duties will encourage backward integration. Companies already in components and contract manufacturing are better placed to avail of the incentives
BUSINESS
What global M&A trends tell us about Adani Ports consolidation strategy
There is a growing trend of consolidation among ports and terminal operators worldwide. Firms are trying to build integrated business offering related services
BUSINESS
Glenmark rides COVID-19 wave, all eyes on debt reduction
Glenmark's revenue in India grew about 11 percent in nine months to December 2020 compared to a less than 1 percent expansion in industry sales during the same time
BUSINESS
Will HAL’s recovery sustain in post COVID-19 world?
The company's provisional numbers show a remarkable improvement in receivables. It ended FY21 with a positive cash balance against borrowings in the previous fiscal year
BUSINESS
Why Adani Transmission is closing the gap with Power Grid's market cap despite smaller revenues
Adani Transmission has significantly narrowed the gap in market cap with Power Grid Corporation of India, despite the companies differing significantly on revenues and asset base
BUSINESS
Rising COVID-19 infections can pose demand risks for consumer durable makers
Room AC makers are fairly confident about growth this year. But resumption of lockdowns and curfews can pose risks to demand
BUSINESS
Why listed firms should move fast on COVID-19 vaccines
Rising infections and fears of a second wave are sensitising citizens to the need for vaccination. Listed firms should be quick to capitalise on this window of opportunity
BUSINESS
Regulated biz model shields airport operators, but protracted recovery awaits them
The revenue and operating profit of airport operators will improve after a massive fall in current fiscal. But they are not expected to reach pre-pandemic levels before FY23.
BUSINESS
Apparel retailers step up store expansion to drive growth, market share
Companies such as Trent, Aditya Birla Fashion, TCNS Clothing and Page Industries have indicated accelerated store additions
