Diversified business conglomerate Murugappa Group registered a 9.44 percent rise in its total revenues for 2015-16 to Rs 29,470 crore
SP Tulsian, sptulsian.com, shares his views on the sugar stocks, Zee Entertainment and why he would prefer not going for a long call on its stock and why he is bullish on Asian Paints.
Group adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) totalled USD 8.7 billion, Glencore said, in line with analysts' expectations.
In 2015-16, CRISIL Research believes the gains from the decline in prices of commodities/raw materials such as Brent crude, PFAD (palm fatty acid distillate) and copra will be partly offset by rising pressure on realisations amidst growing competition.
Given the numbers and the valuations the brokerage house would refrain from hiking the target price for Cipla from the current Rs 1070, Bhavesh Gandhi.
In the last fiscal (2013-14), it had registered a turnover of Rs 24,350 crore. "(FY) 2014-15 was quite a difficult year. But, in this period we grew. We recorded turnover of Rs 26,926 crore, up by 10.57 percent from the previous year," Murugappa Group Vice-Chairman M M Murugappan told reporters here.
In an interview to CNBC-TV18, RC Mansukhani, Chairman of Man Industries, said he expects a good year ahead with a 35 percent topline growth and a strong bottomline.
Mangesh Bhadang, Research Analyst, Quant Capital is a tad disappointed on the topline and PAT front and see limited upside for the stock. He would buy on dips and advices current investors to hold on.
HCL's EBITDA margins for the quarter at 26 percent could have been aided by perational efficiencies given the strong growth in infrastructure management services, Rajiv Mehta, IT Analyst, India Infoline said.
Rajesh Aggarwal, MD & CEO, Insecticides India expects utilisation at Dahej facility to go up to 75 percent in the next fiscal from current 50 percent.
M Radhakrishnan, Co-founder & MD, Autoline Industries said they aim at imrpoving their bottomline through various measures like cost cutting, innovation, debt reduction etc.
Yield improvement boosted DB Corp's revenue growth in fourth quarter and the company is optimistic of maintaining margins at current level.
In an interview to CNBC-TV18 on SP Tulsian, sptulsian.com shared his reading and outlook on stocks and sectors. With regards to Tata Motors he said, "I will keep a cautious view and will not keep my long positions open for tomorrow."
The EV/EBITDA multiple has two components - numerator is EV or enterprise value. In layman‘s language, it is the price of the firm. EV is arrived at as market cap plus debt raised, preference share capital minus cash and cash equivalents.
World's largest steel maker ArcelorMittal today posted a 28.25% decline in core profit to USD 2.44 billion for the quarter ended June 30, 2012, due to sagging demand in European markets and lower prices.