BUSINESS
Reduction in price of BT cotton seeds: Announcement a blow for global players
Over the past few years, there have been disputes about cotton seed prices and royalty payments to seed technology providers.
BUSINESS
Closure of coal gasifiers in Morbi a positive for Gujarat Gas
Morbi accounts for almost 70 percent of the ceramic industry in India and almost five percent worldwide
BUSINESS
Ideas for Profit | Healthy growth to continue for downstream gas sector
Allocation of new GAs in the 10th round of CGD bidding will be an additional growth driver for the future.
BUSINESS
City gas bidding result: Who gains what?
Allocation of complementing geographies stands as a positive for the downstream gas companies and would facilitate higher utilisation of the existing infrastructure, thereby bringing added operating efficiencies in the long term
BUSINESS
Agrochemical sector Q3FY19 review: Mixed bag; muted domestic growth, input costs weigh
Of the agrochemical stocks, we find PI Industries and Insecticides India on track for growth and would recommend to keep these on radar and accumulate for long term portfolio in a staggered manner.
BUSINESS
Kaveri Seed Q3: Dismal performance continues, licence suspension hits stock price
BUSINESS
Ideas for Profit | Indian Hotels: Strong Q3 performance, international business witnessing green shoots
BUSINESS
Godrej Agrovet Q3FY19: Subdued result a blip; outlook positive
BUSINESS
PI Industries Q3FY19: Strong show; improved exports, backward integration to drive future
After strong results, the stock has seen a sharp uptick intraday, however, it is still 5 percent below its 52-week high, at a 2020e PE of 22x. With a strong order book line up, improved exports and backward integration we expect the current performance to sustain.
BUSINESS
First cut | Oil India Q3FY19 – crude oil and natural gas segment drive decent performance
The performance of the LPG, pipeline and renewable energy business remained largely muted.
BUSINESS
Indraprastha Gas: Strong Q3, healthy volume growth to continue
BUSINESS
Godrej Agrovet: A small break in a marathon
BUSINESS
First cut } BPCL Q3FY19 – weak performance, inventory losses impact margins
Gross refining margins (GRMs) dipped in line with global margin contraction. Substantial inventory losses ate away the quarter’s profitability.
BUSINESS
Tata Chemicals Q3 review: Soft quarter, one-offs weigh on profits
Margins saw a sharp contraction with a 850 basis points YoY contraction in EBITDA margins.
BUSINESS
First cut | HPCL Q3 review: High inventory losses weigh down profits
Gross refining margins (GRMs) saw a dip that was much in line with the global contraction, with substantial inventory losses also having impacted the company's profits.
EARNINGS
UPL Q3 review: High leveraging to impact margins in short-term
Stricter restrictions on sale of organophosphorus products in India also affected the domestic performance.
BUSINESS
First cut | GAIL Q3: Weak performance in gas marketing, petrochemicals
Higher input costs ate away a portion of the operating profits despite inventory gains and a cut in employee expenses, finance costs and other expenses.
BUSINESS
Petronet LNG Q3: Subdued performance; EBITDA contracts
While EBITDA margins slightly improved sequentially, there was a 252 basis point YoY contraction on the back of higher raw material costs and a surge in employee expenses.
BUSINESS
Union Budget 2019-20: The agri push can make a difference if implemented with sincerity
BUSINESS
First Cut | UPL Q3FY19 review: Healthy performance but one-off affects net margins
Revenue saw a healthy 17.3 percent YOY uptick with EBITDA up 31 percent YOY and EBITDA margins inching around 199 basis points upwards
BUSINESS
First cut | Petronet LNG Q3FY19: Subdued show, but multiple catalysts to drive future growth
EARNINGS
Healthy volumes drive growth for Mahanagar Gas in Q3
BUSINESS
Sharda Cropchem Q3 review: Robust pipeline to provide respite in long-term
While agrochemicals business reported a growth of 40.4 percent YoY, non-agrochemicals sales increased by 66.6 percent YoY.
EARNINGS
First Cut | Indian Oil Corporation: Low margin, inventory losses impacts Q3 profit
Gross refining margin saw a surprisingly steep fall during the quarter under review. Inventory losses impacted profits
