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Businesses depending on where they were placed on the November 8 reported varied impact on their toplines. Where do those businesses stand now as we approach the end of the demonetisation exercise?
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EBITDA was down because of a drop in import parity price of Urea and topline was impacted due to discontinuation of one product, said Suresh Worrior, Director Finance, RCF.
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The margins may continue to suffer due to increasing wage costs. Baheti says employee costs will grow by 8 percent in FY18 due to wage agreements. Margins will take sometime to make a comeback, he adds.
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Discussing the second quarter numbers in details, Managing Director Pawan Kumar Bajaj of United Bank of India said the quarter gone by saw improvement in recoveries and expect them to improve further in quarters ahead.
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Around 40 percent of its business comes from the first half of the year and 60 percent from the second half. So a lot of projects will reach the peak stage in the second half of current fiscal. So Dilip Buildcon's Head of Strategy and Planning, Rohan Suryavanshi expects a strong secong half.
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In an interview to CNBC-TV18, RG Chandramogan, CMD of Hatsun Agro Product spoke about the results and his outlook for the company.
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Vinod Mason, Director Strategy, Transformers and Rectifiers (India) Ltd (TRIL) is confident of orders worth Rs 120 coming in the next one-two days.
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The company has merged four consumer facing business—lighting, domestic, kitchen appliances and fans— into consumer product business from April this year, says Shekhar Bajaj, CMD of Bajaj Electricals.
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"We expect the overall growth to be above 15 percent on a consolidated basis as soon as the new capacities start coming up in India", K Srinivasan, MD of Carborundum Universal told CNBC-TV18.
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"There is an improvement in demand. We see very sharp growth in the month of July than last year, let us hope it continues", TT Jagannathan, Chairman of TTK Prestige said.
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In the medium-term, the company would strive to achieve the historical growth of 15 percent, said Apurva Parekh, Director, Pidilite Industries.
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N Ramanathan, Managing Director of Ponni Sugars told CNBC-TV18 that the company has been able to crush more sugarcane and improve sugar production this year. Therefore, improvement in average realisation, in sugar production and in sales volumes -- globally and domestically -- has led to better topline and bottomline for the current year FY17.
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Shetty says that she has her doubts on a possible revival of revenues saying that the eight drugs bought from Teva for the US market, will take till 2019 to affect Dr Reddy's revenues.
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The company's value added business is continuing to grow, says Udeshi. But with delayed rains in the castor growing regions of Gujarat, the commodity business could take a hit. But he reassures that late rains will not harm the crop in any way.
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The impact of the currency will mainly be seen in the topline and not so much in the margins, assures Sudhakar Ram, MD & Group CEO, Mastek, adding that the company is comfortably hedged.
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The topline has increased 20 percent and costs have come down by 200 basis points as compared to FY16, says Rahul Khettry CFO of Control Print, in an interview to CNBC-TV18.
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The success of Robomate+, along with 8-10 percent fee hike growth and 7-8 percent increase in student strength expected in FY17, will help the company maintain the 26-25 percent topline growth in FY17, says Chhaya Shastri, Director, MT Educare.
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Hero's fourth quarter results met Street estimates. There may not be too much of positive reaction on the stock on Friday but the house has a positive bias on it, says Rahul Korde, Analyst, Prabhudas Lilladher.
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Explaining the poor numbers for the last fiscal year, Naveen Sorot, CFO Of Steel Strips Wheels, said a reduction in steel prices had impacted sales.
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Talking about the consolidation in the cement sector, Rakesh Arora of Macquarie Capital Securities says UltraTech's capacity post merger with units of Jaiprakash would be almost 90 MT, which is one-third of India's total capacity and production. Hence, he does not see this deal getting Competition Commission's go-ahead
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JK Garg, CMD, Jasch Industries says the revenues were weak due to low demand in the holiday season.
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The much-anticipated turnaround in earnings of India Inc is unlikely to take place in the December quarter season, says ratings and research firm CRISIL.
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The company's order book currently stands at Rs 5700 crore. ITD Cementation is also pursuing several opportunities in marine and MRT space
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Dhruv Agarwal - Vice President, Gati, expects the company to close 2HFY16 with a topline growth of 5-6 percent, not accounting for the incremental gains from the impending year end festive business.
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Harsh Mariwala, chairman and managing director, Marico Kaya says the company has had a subdued quarter but says the topline may not grow significantly, but the bottomline will see some growth in the upcoming quarters.
