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KEI Industries Limited (KEI) posted good financial results due to strong traction in its retail segment, led by its fastest-growing category—Low Tension (LT) cables—which was up 31% in FY22-23.
Tube Investments of India Limited (TII) posted its highest-ever consolidated revenue in FY22-23, up 19% year-on–year (y-o-y), at Rs14,965 crore. It is a Murugappa group company, one of India’s leading manufacturers of engineered products used by auto companies, railways, construction, mining, agriculture and others.
Mold-Tek Packaging Ltd (MTPL) announced its Q4FY22-23 results on 3 May 2023. We had discussed MTPL’s business here.
Clean Science & Technology (Clean Science) has been adding new products to its portfolio to diversify its revenue base and enhance profitability. It has introduced products such as para benzoquinone (PBQ), tertiary butyl hydroquinone (TBQ) and has started commercial supplies of HAL (hindered amine light stabiliser) products.
Rainbow Children’s Medicare (Rainbow) declared robust quarterly performance in Q4FY22-23, with almost 50% annual sales growth and more than 100% operating profit growth y-o-y (year-on-year). This was led by exceptional growth in occupancy due to various illnesses, especially viral illness. Adenovirus was common cause of pneumonia during the season where children required admission for longer periods.
From 19th May to 25 May 2023, ML Mega-cap Index rose 2%. ML Mid-cap Index, ML Large-cap Index and the NIFTY rose 1% each. ML Small-cap Index and the Sensex ended flat. ML Micro-cap Index fell 1%.
The Grader captures the three factors that determine investments: valuation, returns and price strength. Our grader captures these three parameters.
In the world of investing, maximising returns and minimising tax liabilities go hand in hand. As an investor, it is crucial to explore various opportunities offered by the Income-Tax (I-T) Act to maximise tax savings.
Earlier, the defence & aerospace sector in India was primarily accessible to foreign vendors. Now, the government has adopted a pro-Indian stance which favours Indian vendors.
Westlife Foodworld (Westlife), which holds the franchise for McDonald’s, reported the highest-ever fourth quarter sales in Q4FY22-23 supported by growth in smaller cities along with expansion of McCafé.
Pricing pressure in the US market continues to impact the generic pharmaceuticals industry. Hence, Granules India (Granules) is focusing on increasing its penetration in other geographies of the EU (European Union) countries.
Restaurant Brands Asia (RBA) reported growth in revenue and improvement in gross profitability due to phenomenal growth in Burger King (BK) café in India and significant cost-reduction measures.
The reopening of China has dealt a heavy blow to Astec Lifesciences’(Astec’s) performance in the past two quarters. In Q4FY22-23, sales dropped by 53% y-o-y (year-on-year) to Rs127 crore.
Post-Diwali demand sluggishness and poor performance of Sri Lanka operations led to a moderation of growth for Sapphire Foods (Sapphire). It is further reducing its Pizza Hut (PH) store size in large cities, to reduce costs.
From 12th May to 19 May 2023, ML Mid-cap Index rose 1%. ML Small-cap Index, ML Large-cap Index, ML Micro-cap Index and the Sensex ended flat. The NIFTY and ML Mega-cap Index fell 1% each.
In April 2023, Housing Development Finance Corporation and Infosys were the most preferred stocks of Indian mutual funds. The net purchases of Housing Development Finance Corporation were Rs2,095 crore. ICICI Bank and Axis Bank were the most sold stocks. The net sales of ICICI Bank were Rs1,179 crore and net sales of Axis Bank were Rs1,165 crore.
Despite facing volatility in raw materials and energy prices as well as disruptions in global supply chains, Deepak Nitrite maintained high capacity utilisation of its plants throughout FY22-23.
BLS International Services Limited (BLS) posted its highest-ever annual revenues—a 78.40% y-o-y (year-on-year) jump in revenues to reach Rs1,516 crore in FY22-23. The strong results were due to robust traction in all of its business verticals.
Apar Industries (Apar) reported its highest-ever revenue in Q4FY22-23, driven by strong volume growth across all divisions and growth in export of cables and conductors
Jindal Saw Limited (JSL), part of OP Jindal group, makes iron & steel pipes and pellets. It claims to be a total pipe solutions-provider across the globe. It was the first company in India to manufacture SAW (submerged arc welded) pipes.
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