Marico, TVS Motor, SRF, City Union Bank, JK Lakshmi Cement And More Q2 Results Review: HDFC Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .HDFC Securities Institutional Equities.Marico Ltd. - Marico posted an in-line performance on both revenue and Ebitda margin. Consolidated revenue was up 3% YoY while domestic revenue/volume were up 1/3% YoY (three-year revenue/volume compound annual growth rates at 11/7% versus Hindustan Unilever Ltd.’s 10/3%). TVS Motor Company Ltd. - TVS’ Q2 profit after tax, at Rs 4.1 billion, was ahead of our estimate of Rs 3.9 billion due to better-than-expected revenue growth even as margins were in line. SRF Ltd. - Our optimism on SRF is premised on continued healthy performance from speciality chemicals business; strong balance sheet; and deployment of capex for highgrowth speciality chemicals business over the next three-four years to tap opportunities emerging from the agrochemical and pharma industries. City Union Bank Ltd. - Despite a lower other income, City Union Bank’s Q2 FY23 earnings beat our estimates on the back of lower-than-expected credit costs (1.1% annualised). JK Lakshmi Cement Ltd. - We remain positive JK Lakshmi Cement for its focus on increasing trade sales and blended cement share/alternative fuels and raw material usage and optimising lead distance. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Marico, TVS Motor, SRF, City Union Bank, JK Lakshmi Cement And More Q2 Results Review: HDFC Securities

Marico, TVS Motor, SRF, CUB, JK Lakshmi Cement, Hero MotoCorp, TTK Prestige, Mahindra Lifespace, Orient Electric Q2 Results Review

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