Great set of numbers from motherson sumi.
Net soars by 176%
Great set of numbers from motherson sumi.
Net soars by 176%
Eicher Motors Results out. Awesome!!!
The icing on the cake is the margin expansion of 200bps in EBIT from 10.9% to 13%.
The Standalone looks even more impressive -
margin expansion of more than 200bps from 23.4 to 25.7%.
The board has in principle approved taking the capacity of Royal enfield to 9 lac bikes by 2018. Current capacity approx 52000 bikes per month. comes around to 75000 bikes per month.This is double from the 4.5 bikes targeted for sale now. Strong demand and swelling orderbook.!!!
The good part is the VECV has turned around this year after few years and has grown with the Heavy duty trucks growing the highest. LMCV also shown growth. Buses has been a drag.
Lot of activities on the export front. The new Store in US to be opened in the H12016. US subsidiary headed by Rod copes.
There has been decrease of advertising expenses by 3 crore when compared to last year same quarter otherwise the EPS jump would have been lower had they continued to spend on advertising.
But this lower ad spend might result in lower sales growth in future? I'm not sure.
Good that at least the sales have more or less remained flat for this quarter (QoQ). Still sales growth of 10%-15% is not coming. TTK showed better sales growth.
I don't hold Hawkins, this is my passing observation on the results.
Recently I cashed in my holdings in Paushak due to personal reasons. Just wanted to make a disclosure.
I have no more holdings in Paushak Ltd.
Regards
30% jump in eps from 23.3 to 30.14
Hi Manav,
Your profile has been flagged up by system over past 2 months repeatedly - unnatural, unerring focus on a single business Shalibhadra Finance thread.
In order to understand you better, we need you to update your profile, ASAP
Post this being completed, a Senior VP Member will like to do a one-one interaction with you in person. Please treat this message with respect and respond.
Failure to acknowledge Admin messages are frowned upon at VP
Rgds
We need to become stricter in enforcing KYC when forum abuse is flagged/suspected/detected.
We understand the legitimate constraints of many industry professionals. We have allowed folks to use generic/pseudonyms for their display names and/or hide email details, and so on.
In the earlier carefree days of VP infancy in 2010 and 2011, we were quite okay with this. But from 2012 when VP started seeing rise in Membership and a modicum of TRUST building up, we also started seeing examples of Forum Abuse - completely one-sided agenda-pushing posts to well-disguised agenda-pushing.
Our seniors and well-wishers alerted us to this and sensitised us to the great responsibility we carry in safeguarding the interest of newbies and learners who come to VP with a lot of Trust and Admiration. They must be saved from being taken for a ride.
Since then you must have noticed we have put in place
a) a stricter KYC norm - we normally do not allow pseudonym registrations.We ask the guys to re-register with complete identity details (which will be hidden and for Admin use only, if needed), but they can choose display names of their choice and not disclose emails and so on
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All these so that we can protect the newbies and learners who may be naively trusting, and may not be aware of the usual pitfalls/mal-practices that are rampant in our markets. VP being an open forum we cannot ensure that bad apples will not threaten the whole credibility/reputation of the wonderful platform and community that we have today.
It's been our experience that whenever there is foul-play or suspicion of foul-play, the best deterrent has been to check the KYC of the alleged offender, arrange for a photograph of the person to be uploaded, arrange for a senior VP Member/Moderator to do a face-to-face interaction with the person to hear his side of the story, assess and take a considered decision as appropriate.
If there is no ulterior motive and if there is nothing to hide, maybe a mistake or two has been made without understanding implications severity - usually folks have agreed to our suggestions and things have been resolved to mutual satisfaction.
Sometimes these measures also do not work !
Will start sharing some examples of such instances - as it becomes important to ensure there is no one at VP who does not understand why establishing KYC is important for Team VP - its to ensure the very survivability of VP Community - the Trust and Credibility - it has come to be associated with.
As a policy we do not want to engage in "public shaming" ever - unless we find gross abuse/gross defiance that just cannot be left unaddressed/should not be left unaddressed. Rather such instances should be made an example of to ensure the most effective deterrence - folks will know such activities on their part will lead to certain consequences/withdrawal of privileges
Ok, I have been going around retail stores (More, Vijetha) in Hyderabad to see the shelf space Durga ghee occupies and to get product feedback. Overall I have been getting unanimous replies from the store members that Durga is the choice if you want a 'nice' ghee.
Yesterday, I wanted to see if Durga has any shelf space and to enquire the feedback of the ghee in a posh area where typically the people are from middle class/upper middle class and are generally informed of the product choices they make.
I have been to 'Hyper City' mega mart located at Inorbit mall, Madhapur - the posh area this side of Hyderabad. I was pleased with what I saw.
Durga shares significant shelf space equal to Amul! (Second pic below, 3 rows each). As per store members both Amul and Durga sell but Amul might have a slight upper hand. Here too the lady said, but sir, if you want a nice ghee, go for Durga. I thanked and came.
Key conclusions are:
I hold Virat Crane and this is not a buy/sell suggestion. I'm just doing the 'brand visibility' scuttlebutt to confirm that product exists and sales do happen really as part of my conviction building process.
EDIT:
If you zoom the second picture, you will see the prices of Amul and Durga ghee. Amul sells at 385 INR per KG whereas Durga Ghee sells at 465 INR per kg which is 20% higher, which is huge premium. This ought to tell us something apart from high quality/aroma of Durga Ghee, what is that?
Couple of pics:
P.S: On a lighter note, I took my family saying its a surprise outing and they don't know the main reason is my scuttlebutt thing, thankfully, my wife does not read the forum yet
The company looks conscious on preservation of value by keeping the equity at a relatively low level of Rs 7.7 Crores from Rs 8.888 Crores through a buy back of equity during 2012 -2013 .
Expenses for R&D constitute 40% of sales which amount is stated to be written off as expenses rather than capitalised . Management looks transparent and honest in a sector known for its not so transparent practices .
Another pattern to be wary of
6. 95% + posts from a person are on a single business
Will shortly put up an example of forum abuse that came to our notice
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