Tips Industries Ltd: June ’22Results Update
Moneylife Digital Team 19 August 2022
We had discussed the business and the special situation of Tips Industries Ltd (TIL) in detail in May 2021. In Q1FY22-23, TIL completed the demerger of its films distribution business into a new company, Tips Films Ltd. TIL is now the only listed pure-play music licensing company in India. Accordingly, TIL has restated its financial results for the previous periods and it now has only one...
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Massive Consumption Boom Keeps the Market Going
R Balakrishnan, 19 August 2022
For years, the stocks of hotel industry have disappointed. In the 1990s, Indian Hotels was a glamour stock; East India Hotels was a close competitor; Leela was always followed by a question mark; and ITC Hotels (then a listed stock)...
Devyani International: June ’22 Results Update
Moneylife Digital Team 17 August 2022
Sales of Devyani International (Devyani) in Q1FY22-23 doubled year-on-year (y-o-y) to Rs705 crore, on the back of highest ADS (average daily sales) in KFC and 30% same store sales growth (SSSG) in PH (Pizza Hut). It added net 70 new...
LT Foods: June ’22 Results Update
Moneylife Digital Team 16 August 2022
LT Foods (LT) declared mixed results in Q1FY22-23 with revenue rising 32.8% year-on-year (y-o-y) to Rs1,611 crore. Operating profit was up by 27.7% to Rs166 crore and net profit went up by 23.28% y-o-y. Its profit margins recovered...
SJS Enterprises: June ’22 Results Update
Moneylife Digital Team 16 August 2022
In Q1FY22-23, SJS Enterprises’ (SJS’s) revenue was up by 39% y-o-y (year-on-year) to Rs103 crore. A majority of the sales were contributed by 2W (two-wheeler) as well as 4W (passenger vehicles—PVs). It outperformed the industry...
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