Revenue performance in-line, but tad weaker margin and guidance
Good quarter on the back of strong loan growth and better asset quality
The new CEO will have to address the structural issue of subdued revenue growth and sagging profit margins
Volumes contributed just 0.7 percentage points of the 7.6 percent growth of Indian pharmaceutical market in FY24
Annual profit margins remain below pre-pandemic years despite the recent improvement
Grounding of aircraft due to maintenance, pilot unavailability, shoddy planning are some of the aviation sector’s problems that threaten to continue and bother passengers
The company’s market share in India remained steady at around 60 percent in January-March 2024
Limited water availability has adversely impacted rabi crop season in Southern states
Exports in the eleven months to February 2024 are up 15 percent from the year ago period
The company’s key growth engines are not yet firing on all cylinders
The pre-construction capacities are estimated to have risen to 46,033 megawatts
Ordering activity revived in thermal power and transmission sectors after a prolonged period of sluggishness
While the long-term business growth strategy remains promising, the near-term environment remains quite challenging
US sales are projected to grow at a faster pace than Indian sales in Q4 FY24
PI’s business remains shielded from the sensitivities attached to the agrochemical business
While premium and discretionary categories are doing well, staples are in the doghouse. Listed companies are blaming it on unfavourable macros, but the Street is getting tired of these excuses
The impact is already visible on tractor sales. Paddy and pulses cultivation declined in 2023-24 rabi crop season
India's rise as an economic superpower will be incomplete if it does not have a thriving healthcare industry, founded on innovation and not merely focused on making generic products
Huge room to benefit from the synergies between paediatric and maternity care services
Coal power plants have fuel inventories equivalent to 17 days of consumption versus 12 days in the year ago period
Total revenues declined by 6 percent in 9M FY24 as pipes business faced market share loss
The business has ample room for expansion and the ongoing revenue growth trend should continue into the next fiscal year
The final tariff norms for FY24-FY29 are not vastly different from the draft proposals and they incentivise electricity generation during peak demand hours
The NSE IT index has gained by 28.5 percent in the last one year even as analysts pared earnings estimates for most major companies
LTIMindtree is unlikely to outperform large IT services companies in FY24 the way it did in FY23 or before