Link: https://www.bseindia.com/xml-data/corpfiling/AttachLive/3c06448f-4db6-489f-9012-cddc72c5f353.pdf
Posts in category Value Pickr
Shilpa Medicare -Racing away on the Oncology API highway! (10-11-2023)
Shilpa Medicare notified about a recent unannounced inspection by the USFDA at their Unit 4 facility in Jadcherla, Telangana. The inspection took place from October 30, 2023, to November 9, 2023. In the previous inspection in February 2020, there were ten observations in Form 483, but none of them were repeated, and none related to data integrity.
Kilpest India Ltd (10-11-2023)
Consolidated Financial Results: The consolidated financial results include the performance of Kilpest India Limited.
- Revenue from Operations: The consolidated revenue from operations for the quarter and half-year ending September 30, 2023, was Rs 1,977.55 lakhs, showing an increase compared to the same period last year, which was Rs 1,737.13 lakhs.
- Other Income: The consolidated other income was Rs 274.97 lakhs for this period.
- Total Income: The total income for the quarter and half-year ending September 30, 2023, was Rs 2,192.52 lakhs.
- Expenses: The total expenses for the consolidated financials amounted to Rs 1,166.47 lakhs, which include costs like material consumption, employee benefits, depreciation, and other operational costs.
- Profit Before Tax: The profit before tax for this period was Rs 1,026.05 lakhs.
- Exceptional Items: There were no exceptional items reported for this period.
- Profit After Tax: The profit after tax for the quarter and half-year was Rs 758.71 lakhs.
- Earnings per Equity Share: The earnings per equity share for both basic and diluted calculations were Rs 8.86.
SKM Egg Products – thinking out of the shell (10-11-2023)
SKM Egg Products has achieved good financial results:
- Sales: In the second quarter of the current year (Q2 CY), they earned 17,086 lakhs rupees from sales. This is higher than what they earned in the same quarter last year (Q2 LY), which was 16,369 lakhs rupees. For the first half of this year (HY 23-24), their sales reached 37,422 lakhs rupees, compared to 29,395 lakhs rupees during the same period last year (HY 22-23). This means they have seen a 27% increase in sales.
- Operating Profit: In Q2 CY, their operating profit was 4,130 lakhs rupees. This is a significant improvement from Q2 LY when it was 2,192 lakhs rupees. For the first half of this year (HY 23-24), the operating profit was 9,307 lakhs rupees, while during the same period last year (HY 22-23), it was 3,466 lakhs rupees. This shows a remarkable 169% increase in operating profit.
- Profit Before Tax (PBT): In Q2 CY, their PBT stood at 3,608 lakhs rupees, compared to 1,669 lakhs rupees in Q2 LY. For HY 23-24, the PBT was 8,279 lakhs rupees, whereas it was 2,575 lakhs rupees in HY 22-23. This indicates an impressive 222% increase in profit before tax.
Neuland Laboratories Limited – Transformation towards niche APIs? (10-11-2023)
Neuland approved plan entails an expenditure of ₹128 crores, aimed at enhancing the production capacity at the company’s Unit 3. This particular unit is situated at Gaddapotharam Village, Jinnaram Mandal, Sangareddy District, Telangana State.
The key details of this capital expenditure plan are as follows:
a) Existing Capacity (Unit 3): The current capacity of Unit 3 is 305 KL (Kiloliters).
b) Existing Capacity Utilization (Unit 3): The current utilization rate of Unit 3 is 62%.
c) Proposed Capacity Addition: The plan involves an addition of 207 KL to the existing capacity.
d) Period within which the proposed capacity is to be added: The expanded capacity is anticipated to become available for commercial production within approximately 2-3 years.
e) Investment required: The total investment required for this capacity expansion is ₹128 crores.
f) Mode of financing: The company intends to finance this expansion through a combination of internal accruals and debt.
g) Rationale: The primary rationale behind this capital expenditure is to sustain and meet the increasing demand from the company’s customers.
Pitti Engineering Limited: Is it on an inflection point? (10-11-2023)
Pitti Engineering Limited, a prominent engineering company, has released its financial results for the second quarter (Q2) and first half (H1) of the fiscal year 2023-24 (FY24) ending on September 30, 2023. The key financial and operational highlights are as follows:
H1 FY24 (First Half of FY24):
- Total revenue for H1 FY24 amounted to ₹593.56 Crores, representing a decrease of 3.58% compared to the previous year.
- EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) stood at ₹84.99 Crores, marking an 18.03% increase.
- Profit After Tax (PAT) reached ₹36.52 Crores, showing significant growth of 66.99% compared to the previous year.
Q2 FY24 (Second Quarter of FY24):
- Achieved the highest-ever sales volume of 10,340 Metric Tons (MT) during Q2 FY24, signifying a 17.38% increase compared to Q2 FY23.
- Total revenue for Q2 FY24 was ₹302.85 Crores, slightly down by 0.55% compared to Q2 FY23.
- EBITDA in Q2 FY24 reached ₹42.56 Crores, which is a 16.44% increase from Q2 FY23.
- PAT for Q2 FY24 amounted to ₹22.55 Crores, reflecting a substantial growth of 121.95% compared to Q2 FY23.
Operational Highlights:
- The order book as of September 30, 2023, stands at ₹716 Crores.
- In H1 FY24, the company’s EBIDTA reached ₹41,869/MT, and the sales realization was ₹2,85,779/MT.
- The company recognized ₹10.91 Crores as incentive income from the Maharashtra Government in H1 FY24.
- The net debt of the company stands at ₹291.15 Crores.
- The company has filed a Scheme of Amalgamation with stock exchanges on June 26, 2023, and received no objections from them on October 26, 2023. The scheme is currently awaiting approvals from the National Company Law Tribunal (NCLT), shareholders, and creditors.
Management Commentary
The company achieved several milestones during the quarter, including the highest sales volume of 10,340 MT and the highest-ever EBITDA of ₹42.56 Crores. Despite upcoming challenges and uncertainties related to factors such as war, elections, and macroeconomic conditions, the company remains optimistic about achieving its annual targets.
Abbott India: MNC pharma play on increased consumer spending (10-11-2023)
Abbott India Limited has released its unaudited financial results for the quarter and half-year
For the Quarter Ended September 30, 2023:
- The total income for the quarter was Rs. 1,549.65 crores, with revenue from operations of Rs. 1,494.14 crores.
- The profit before tax was Rs. 805.91 crores.
- The net profit for the quarter was Rs. 312.94 crores.
- Earnings per equity share (basic/diluted) for the quarter was Rs. 15.00.
For the Six Months Ended September 30, 2023:
- The total income for the six months was Rs. 3,084.65 crores, with revenue from operations of Rs. 2,973.14 crores.
- The profit before tax was Rs. 1,431.41 crores.
- The net profit for the six months was Rs. 604.99 crores.
- Earnings per equity share (basic/diluted) for the six months was Rs. 29.00.
BMW Industries Ltd (Steel Service center) (10-11-2023)
Sir do you know the Bansal TMT how much revenue it is contributing right now and what are their margins?
what is CRM?
What kind of revenues are coming from TMT, Pipes and tubes and Sheets? And their current capicity utilisation?
Thanking you
Infosys Limited – Are we getting a discount or no? (10-11-2023)
Applied Porter’s 5 forces to Infosys. I think the analysis is relevant for almost all IT services companies.
Cheers!
Mahesh
Nesco (10-11-2023)
Nesco has shown strong and consistent business performance across various key indicators. Here are the key financial highlights:
For the First Half (H1) of FY ’24:
- Total revenue reached Rs. 358.82 crores, marking a 33% increase from the same period in the previous year when it was Rs. 269.35 crores.
- The total profit after tax amounted to Rs. 163.87 crores, which is a 21% increase from the previous year’s figure of Rs. 135.60 crores.
- The IT Park division’s revenue was Rs. 156.33 crores, up from Rs. 145.05 crores in the corresponding previous period.
- The Bombay Exhibition Center division achieved revenue of Rs. 87.00 crores, a 24.43% increase from the previous year’s figure of Rs. 69.92 crores.
- The Foods division demonstrated substantial growth, generating revenue of Rs. 43.74 crores, a remarkable increase of 207.59% compared to the corresponding previous period.
- The Indabrator division saw revenue of Rs. 24.38 crores, marking a 45.64% increase from the corresponding previous period.
For the Second Quarter (Q2) of FY ’24:
- The company reported a revenue of Rs. 197.62 crores for the quarter, which represents a 24.68% increase from the same quarter of the previous year when it was Rs. 158.50 crores.
- The profit after tax for the quarter reached Rs. 87.80 crores, compared to Rs. 81.90 crores in the corresponding quarter of the previous year.
- The IT Park division’s revenue was Rs. 83.24 crores, up from Rs. 73.06 crores in the corresponding quarter of the previous year.
- The Bombay Exhibition Center division earned revenue of Rs. 57.25 crores, compared to Rs. 53.07 crores in the corresponding quarter of the previous year.
- The Foods division and Indabrator division generated revenues of Rs. 21.74 crores and Rs. 12.62 crores, respectively.