Sales rise 53.22% to Rs 35.93 crore
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Vamshi Rubber standalone net profit rises 46.15% in the September 2024 quarter (09-11-2024)
Sales rise 26.65% to Rs 22.29 crore
Atul Auto consolidated net profit declines 28.91% in the September 2024 quarter (09-11-2024)
Sales rise 19.11% to Rs 179.98 crore
IKIO Lighting consolidated net profit declines 28.78% in the September 2024 quarter (09-11-2024)
Sales rise 6.04% to Rs 125.04 crore
Pioneer Agro Extracts standalone net profit rises 200.00% in the September 2024 quarter (09-11-2024)
Reported sales nil
Manappuram Finance (09-11-2024)
Lending is purely risk management, how well you can underwrite the risk, so without that growth is only bane to the organisation, there is the reason why HDFC, is opening branches like there is no tomorrow in this era of UPI (even for micro transaction). Loan are not commodity, if not handled well, this might become another BNPL company(which cease to exists now).
However, If they nail the distribution, I am sure, other big players can also replicate the tech, if this makes trenches in the existing market. India is quite big market, especially the micro segment, but risk management is vital, growth can be slower as long as you are growing while maintaining better asset quality.
Just my two cents on this, not a rebuttal.
DCX Systems Ltd (09-11-2024)
Hi Akshada,
Good Crips thesis pointers.
Few thoughts in my mind:
Raneal Systems :
What’s the moat in this business ? Or its just assembly work
Will they manufacture PCB ? When they say going into backward integration. I don’t think they manufacture PCB here.
NIART :
DCX Entered into JV with ELTA subsidiary of IAI.
Why to give technology transfer to DCX ?
Based on my reading on DCX –
DCX does system integration work, they are into assemblies when they talk about Backward Integration, I don’t think they do manufacturing. They are just into assembly work. ( Not manufacturing)
We can simply compare with Vinyas.
- JV wrt Railways need to be seen. – Scale up needs to be seen.
- Defence orders from Largest Defence Company.( System Integration Work) – Is this an offset business that Lockheed Martin needs to fulfill that’s why the orders are flowing to them or they cracked the clientele. Which is hard to believe.
CMS Info Systems allots 11.81 lakh equity shares under ESOP (09-11-2024)
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