yup, you can create custom smallcase in the app to do that. It’s been some time since I’ve used it so not sure if they charge for it, so I’d check the fee structure before jumping in.
Posts in category All News
Rupee logs best single day gain since June on account of MSCI rebalancing (25-11-2024)
The Indian rupee ended Monday at 84.28 to a US dollar, up 0.2% from its previous close, helped by inflows of the greenback related to the rebalancing of MSCI global equity indexes. This was the strongest one-day gain for the local currency since June 3, LSEG data showed.
Wipro appoints Omkar Nisal as CEO-Europe Strategic Market Unit (25-11-2024)
Wipro announced Omkar Nisal’s appointment as the Chief Executive Officer, Europe Strategic Market Unit (SMU), effective immediately. Omkar will report to CEO and MD Srini Pallia and will also join the Wipro Executive Board. Omkar succeeds Pierre Bruno, who is stepping down. Omkar will continue to be based in London.
HDFC Bank- we understand your world (25-11-2024)
Finally some focus on tech which has been a pain point for a long time. Might be nothing or something.
Disc. Invested
Ranvir’s Portfolio (25-11-2024)
Crompton Greaves Consumer Electricals
Q2 FY25 results and concall highlights –
Revenues – 1896 vs 1782 cr, up 6 pc
Gross Margins @ 32.7 vs 31.3 pc
EBITDA – 203 vs 175, up 17 pc ( margins @ 10.7 vs 9.8 pc )
PAT – 128 vs 101 cr, up 27 pc ( margins @ 6.8 vs 5.7 pc )
Segment wise performance –
Electrical consumer durables ( ECD ) –
Revenues – 1393 vs 1238 cr, up 13 pc
EBIT – 206 vs 176 cr, up 18 pc ( margins @ 14.8 vs 14.2 pc )
Price increases and premiumisation in ECD portfolio led to margins improvement
Executed 42 cr worth Solar pump orders in Q2. Also continued growth in residential pumps led by new product launches
Witnessed strong growth in Mixer-Grinders portfolio
Built in Kitchen appliances recorded a revenue of 19 cr. Still operating in the EBIT negative territory ( although the losses have reduced considerably )
Lighting –
Revenues – 253 vs 238 cr
EBIT – 27 vs 25 cr ( margins @ 10.7 vs 10.5 pc )
Witnessed strong growth in ceiling panels and battens amid price erosion
Focusing on improving the range of higher Wattage and Premium products
Butterfly –
Revenues – 258 vs 308 cr ( down YoY, however, witnesses strong QoQ growth of 42 pc )
EBIT – 17 vs 20 cr, EBIT margins improved from 5.1 pc in Q1 to 8.9 pc in Q2
Company undertook a lot of business restructuring wef Q3 FY 24 wrt their butterfly brand. Business now getting back on track post the restructuring
Fans business grew by 5 pc, Crompton branded appliances ( like coolers, heaters, mixer-grinders ) and Pumps grew by 20 pc YoY
Have crossed sales for 100 cr in H1 in the solar pumps category. Plus the order book for the Solar pumps business continues to be strong
A&P spends stood @ 58 cr a jump of 70 pc over Q1 !!!
Company has taken price hikes in the Fans portfolio ( being the Mkt leader ). However, competition has till now refrained from taking up price hikes
Decorative ceiling panels is now company’s largest segment in the lighting business
In South India, Crompton and Butterfly’s kitchen appliances have different front ends and sales teams. Outside South India ( where Butterfly is not strong ), sales teams are same for both the brands. Back ends for both brands do share significant synergies
Company continues to be extremely bullish about their Solar Pumps business as the demand trends are extremely strong ( aided by a strong Govt push via Kusum scheme )
Company witnessed good festive demand for kitchen appliances during the festive period
Channel inventory remains @ normal levels
Disc: I keep trading in and out of this stock, biased, not SEBI registered, not a buy/sell recommendation
Aditya Birla Sunlife AMC (ABSL AMC)- An Underrated AMC (25-11-2024)
Kotak report on various business : Source