Broker Research

United Breweries’ (UBBL) top-line growth in 4QFY19 was 11%, which was largely in line with our expectation.
May 22, 2019, 12:21 p.m.
Publisher: nirmalbang.com

Triveni Turbine (TTL) reported 4QFY19 consolidated revenues of Rs 2.4bn, down 2% YoY and marginally below our/consensus estimate of Rs 2.5bn each.
May 22, 2019, 12:15 p.m.
Publisher: nirmalbang.com

Cement volume grew 13% YoY to ~0.70mt including a small quantity of clinker sales (6,500tn) and export of 5,900tn in 4QFY19.
May 22, 2019, 12:14 p.m.
Publisher: nirmalbang.com

JK Cement (JKCE) reported a healthy set of numbers for 4QFY19, aided by a combination of grey cement realisation gain and volume growth.
May 22, 2019, 12:14 p.m.
Publisher: nirmalbang.com

The stock currently trades at 22.5x FY19 EPS of Rs 11.64 and 18.7x FY20e EPS of Rs 13.97. Setting up agglomeration unit in India is aimed at enhanced value addition for agglomerated products generally command 4-5% higher margins compared to spray dried products.
May 21, 2019, 4:16 p.m.
Author : CD Equisearch Pvt Ltd | Publisher: indianotes.com

Sobha Ltd. reported its Q4FY19 and results. The company recorded pre-sales volume of 1.1msf, up 11% YoY (up 24% QoQ), while on value basis pre-sales stood at INR 712cr, up 8% YoY (up 19% QoQ) in Q4FY19.
May 21, 2019, 12:45 p.m.
Publisher: edelweiss.in

Balaji Amines Ltd’s (BAL) Q4FY19 results were mostly in-line with our estimates. Revenue for the quarter came in at INR 235 crore, which was 9% lower on an y-o-y basis and ~7% below our estimates.
May 21, 2019, 12:45 p.m.
Publisher: edelweiss.in

Dhanuka Agritech (DAGRI) reported better than expected results driven by high growth in Northern market (sales up 22% YoY).
May 21, 2019, 12:30 p.m.
Publisher: plindia.com

Consolidated performance for Tata Motors over Q4FY19 surpassed our expectations, with JLR operating margins at 9.8% v/s our estimate of 8.8%.
May 21, 2019, 12:28 p.m.
Publisher: plindia.com

Tech M had an impressive FY19 with EBITDA margins expanding by ~290bps YoY, strong TCV growth of 43% YoY to US$400mn in Q4FY19.
May 21, 2019, 12:27 p.m.
Publisher: plindia.com