Promoters bought around 1.3 lakh shares from market.
Posts tagged Value Pickr
BLS International (09-11-2023)
**BLS International Services Ltd. Unveils Strong Q2FY24 Results and Strategic Milestones! **
Financial Snapshot:
- Operational Revenue (Q2FY24): ₹407.7 Cr, a robust 14.3% YoY growth.
- EBITDA (Q2FY24): ₹86.7 Cr, marking the highest ever in the company’s history with a stellar 52.7% YoY growth.
- PAT (Q2FY24): ₹82.0 Cr, witnessing an impressive 60.8% YoY growth.
- EBITDA Margin (Q2FY24): Surges past 20%, reflecting operational excellence.
- Cash on Books: ~₹687 Cr, making BLS International a debt-free company.
Strategic Achievements:
- Global Ranking: Among the World’s Top 3 Visa & Consular Services companies.
- Contract Wins: Secures a global visa outsourcing contract for Slovakia in 18 countries, further strengthening its position.
- Financial Metrics: ROCE at 35.5% & ROE at 34.6% (H1FY24 annualized financials), showcasing significant returns.
- Market Presence: Processes Visa applications for key countries like Spain, Italy, Portugal, Germany, Thailand, and more.
Quarterly Performance (Q2FY24 vs. Q2FY23):
- Operational Revenue: ₹407.74 Cr, up by 14.26% YoY, fueled by growth in Visa & Consular services and the digital business.
- EBITDA Growth: Records the highest-ever EBITDA of ₹86.74 Cr, a remarkable 52.71% YoY surge, driven by favorable business mix and operational efficiencies.
- EBITDA Margin Expansion: Touches 21.27%, up by 535 basis points from 15.92% in Q2FY23.
- Profitability Boost: PBT stands at ₹87.18 Cr, reflecting a 55.07% YoY growth, while PAT registers ₹82.00 Cr, a significant 60.81% YoY increase.
Half-Yearly Performance (H1FY24 vs. H1FY23):
- Operational Revenue: ₹791.22 Cr, marking a solid 25.66% YoY growth.
- EBITDA Surge: Touches ₹166.79 Cr, an impressive 88.90% YoY increase.
- Profitability Acceleration: PBT records ₹167.62 Cr, a substantial 89.11% YoY growth, while PAT stands at ₹152.99 Cr, an 87.28% YoY increase.
Strategic Moves and Collaborations:
- Global Visa Outsourcing: Wins Schengen Global Visa Outsourcing Contract for Slovakia, expanding its reach across 18 countries.
- Banking Collaboration: Partners with Kotak Mahindra Bank for accessible and affordable banking services in underserved regions.
- Digital Integration: Successfully integrates UMANG Services into its digital platform, offering access to over 500 e-governance services.
- Global Expansion: Rolls out Visa outsourcing services for Hungary, Italy, Bangladesh, Uzbekistan, Qatar, Senegal, Cameron, and Abu Dhabi.
GMM Pfaudler: A safe way to play the Pharma/Chemical cycle (09-11-2023)
GMM Pfaudler Limited Powers Up Q2 FY24 with 20% Revenue Growth!
Consolidated Q2 FY24 Highlights:
- Revenue: ₹937 Crore, boasting a robust 20% YoY growth.
- EBITDA: ₹142 Crore with a stable EBITDA Margin at 15.1%.
- Profit After Tax (PAT): ₹70 Crore with a PAT Margin of 7.5%.
- Earnings Per Share (EPS): ₹15.8, marking a solid 7% YoY growth.
- Order Intake: ₹626 Crore, reflecting a strong demand.
- Order Backlog: Stands tall at ₹1,705 Crore, indicating a promising future pipeline.
H1 FY24 Performance:
- Revenue: ₹1,850 Crore, showcasing a substantial 20% YoY growth.
- EBITDA: ₹274 Crore with a consistent EBITDA Margin at 14.8%.
- PAT: ₹125 Crore, maintaining a PAT Margin of 6.7%.
- EPS: ₹28.0, exhibiting a steady 7% YoY growth.
- Order Intake: ₹1,396 Crore, demonstrating sustained demand.
- Order Backlog: Continues to stand strong at ₹1,705 Crore.
Strategic Achievements:
- Stable Margins: EBITDA Margins hold steady at 15.1%, showcasing operational efficiency.
- EPS Growth: Impressive 7% YoY growth in Earnings Per Share.
- Order Book: Healthy order intake of ₹626 Crore and a substantial backlog of ₹1,705 Crore.
Management Insight:
- Tarak Patel, MD: Reports a strong performance, aligning with FY25 guidance.
- Order Intake Strategy: Despite a chemical sector slowdown, diversification strategy leads to a robust opportunity pipeline.
- Future Focus: Continued efforts on market share, cost reduction, and operational efficiency enhancements.
Global Leadership:
- Industry Standing: GMM Pfaudler, a global leader in glass-lined equipment, maintains a strong position.
- Geographical Diversification: Strategy of entering new industry segments proves successful, contributing to global opportunity pipeline.
Strategic Move:
- Ownership Transition: Patel family to purchase a 1% stake from DBAG Fund VI at ₹1700 per share, indicating confidence in the company’s growth trajectory.
Management Quote:
- Tarak Patel: “We will continue to focus on strengthening market share, reducing costs, and improving efficiencies.”
Indo Count Industries ~ Global Home Textiles Bedding Segment Leader (09-11-2023)
The answer to your first question: due to the capex, ROCE takes a hit. You can see CWIP was more than 180-190 Cr.
KRBL- The King of Basmati rice (09-11-2023)
Arbitration proceedings have been filed against KRBL in Delhi high court on 7.10.23 by AQM ( Al Qurashi Marketing company ltd ) . AQM was appointed distributor for Saudi Arabia since 2022, this company also claims 33.5 million dollars from KRBL.
KRBL will be fightimg this petition and also believes that the claim is bogus as AQM have not performed their obligations under the RDA ( Retial Distributorship Agreement)
The honorable high court has not given any relief to AQM as hearing was postponed to undisclosed date.
The share price of krbl was down substantially in today’s trading session
The management had mentioned in their last concall about the termination of the RDA with AQM as they were asking for large credit which was against company policy.
1)If this is the only matter for contention than AQM is fighting a losing battle as the terms must be mentioned in the RDA.
2) If there is more to this that management is not disclosing than the legal battle will take a toll on KRBL
Hopefully KRBL comes out of this as a winner and the investors specially small investors have something to cheer about
Disc : Not sebi registered, have a small position in KRBL
Sai Silks (Kalamandir) – only listed player in the organized saree market (09-11-2023)
06.11.2023: One new store in the format of Varamahalakshmi Silks at Poonamallee, Chennai, Tamilnadu.
An important aspect: Company did IPO this year and got close to Rs 475 Crores on FDR,where 7.25% interest would be Rs 17 Crores and after tax it would be Rs 12/13 Crores on profit plus interest costs saved when repaying debt.
7456e36e-54b9-4dc0-bfb3-6189fe2e9025.pdf (bseindia.com)
Muthoot Finance (09-11-2023)
This press release from Muthoot Finance provides an overview of the company’s unaudited financial results for the quarter and half-year ending September 30, 2023. Here are the key points:
Financial Highlights:
- Consolidated Loan Portfolio: Increased by 24% YoY to ₹79,493 Crores.
- Gross Gold Loan Advance: Reached ₹84,742 Crores, the highest ever in any first half of a year.
- Gold Loan Portfolio Growth: Achieved the highest ever growth of ₹5,642 Crores in the first half of a year.
- Interest Collection: All-time high at ₹5,447 Crores for any half-year.
- Consolidated Profit After Tax: Increased by 24% YoY to ₹2,140 Crores.
- Standalone Profit After Tax: Rose by 18% YoY to ₹1,966 Crores.
Subsidiaries:
- Belstar Microfinance Ltd: Showed a substantial increase in loan portfolio, loan disbursement, and profit after tax.
- Muthoot Homefin (India) Ltd: Achieved growth in gross loan AUM, loan disbursement, and profit after tax.
- Muthoot Insurance Brokers Pvt Ltd: Recorded significant increases in total revenue and profit after tax.
- Asia Asset Finance PLC, Sri Lanka: Demonstrated growth in total revenue and profit after tax.
Other Key Highlights:
- Branch Expansion: The group opened 331 new branches in H1FY24.
- Public Issue: Raised ₹700 Crores through the 32nd Public Issue of Secured Redeemable Non-Convertible Debentures.
- Digital Transactions: Nearly 39% of customer transactions now occur via digital channels.
Management Statements:
- George Jacob Muthoot, Chairman: Emphasizes the growth in consolidated loan AUM and profit, highlighting strong performance in gold loan, microfinance, housing finance, and insurance broking businesses.
- George Alexander Muthoot, Managing Director: Stresses the strong growth in gold loan assets, strategic focus on disbursements, operational efficiency, and margins.
Screener.in: The destination for Intelligent Screening & Reporting in India (09-11-2023)
Hi, would like to know how ‘Profit for PE’ is calculated in Screener.in ? Thanks in advance