IndusInd Bank (IBL) reported its 2QFY19 results with the key takeaways being: (1) IBL made nonmandatory contingent provision worth Rs2.75bn on exposure to IL&FS Group.
Earning per share (EPS) of the company for the earnings for FY19E and FY2OE is seen at Rs. 51.66 and Rs. 60.67 respectively. Net Sales and PAT of the company are expected to grow at a CAGR of 53% and 17% over 2017 to 202GB respectively.
Earning per share (EPS) of the company for the earnings for FY19E and FY2OE is seen at Rs. 105.33 and Rs. 123.67 respectively. Net Sales and PAT of the company are expected to grow at a CAGR of 16% and 56% over 2017 to 202GB respectively.
Karnataka Bank (KBL) reported 2QFY19 results with the key strategic pointers being: (1) Slippage remained under relative control at Rs3.68bn compared with a past 10-quarter average of Rs9.05bn.
Hindustan Unilever’s (HUVR) overall performance in 2QFY19 was broadly in line with our expectations. The company reported yet another quarter of strong volume-led growth.
IndusInd Bank continued to deliver a healthy performance on operational metrics in 2QFY19 led by strong growth in loan book and best-in-class C/I Ratio.
Earning per share (EPS) of the company for the earnings for FY19E and FY2OE is seen at Rs. 7.93 and Rs. 9.31 respectively. Net Sales and PAT of the company are expected to grow at a CAGR of 12% and 24% over 2017 to 202GB respectively.
Earning per share (EPS) of the company for the earnings for FY19E and FY2OE is seen at Rs. 17.69 and Rs. 19.83 respectively. Net Sales and PAT of the company are expected to grow at a CAGR of 6% and 16% over 2017 to 202oE respectively.
Torrent Power Limited is an India-based company engaged in the electricity generation, transmission and distribution. Its current operations are in the states of Gujarat and Maharashtra and Uttar Pradesh.
CESC’s board of directors has decided to go ahead with the demerger but with some modification. Instead of demerging the power business into generation and distribution, it will be keeping it as a single entity.
