Morning Alert.. During FY21 cautious companies cut loans by | Equity99
Morning Alert..
During FY21 cautious companies cut loans by 1.7 lakh Crore amid COVID – SBI
COVID-19 vaccination: Govt. books 440 Mn doses with 30% advance.
FM will chair a key meeting on June 11 to review Infrastructure projects
Corporate News
~ Birla Soft – Co. and Regulativ.AI co-develops AI-led cyber-security assessment platform for global banking, financial service & Insurance customers.
~ TTK Prestige – Co. is launching gas stoves under Svachh platform followedby earlier launch of pressure cookers in said platform.
~ Som Distilleries – Co. signed MOU with Indian fashion fze, based out of UAE for export of beer and IMFL for west ¢ral Africa.
Sector in focus – Metals, Automobiles, Real estate
Key Results today: 9 June, 2021: Bajaj Healthcare, Bata India, BCL Industries, GAIL
Key Results highlights: 8 June, 2021
~ Petronet LNG (Positive outlook)
Company reported 70.93% YoY increase in PAT from 373.20Cr to 637.92Cr, QoQ down 28%
Total income of company fell 11.89% YoY from 8653.63 CR to 7624.47Cr in Q4FY21.
On yearly basis company reported 8.73% increase in PAT from 2703.35Cr to 2939.23Cr
Companys borrowings reduced from 64.39Cr to 23Cr in FY21.
Board recommended dividend of Rs 3.5/Share.
~ Shemaroo Entertainment (Good results)
Company reported PAT of 2.18Cr against loss of 13.99Cr in Q4FY20, QoQ up 242.48%
Increase in profit is mainly due to reduction in operational cost from 99.50Cr in Q4FY20 to 47.14Cr
Total income of company reduced from 123.80Cr to 77.52Cr in Q4FY21.
On yearly basis company reported loss of 22.12Cr against profit of 41.72Cr.
~ Suven Pharma (Positive Outlook)
Company reported PAT of 83.11Cr up 12.04% from PAT of 74.18Cr in Q4FY20, QoQ down 26.85%
Companys revenue increased 38.06% from 190.10Cr to 262.46Cr YoY
On yearly basis company reported PAT of 362.34Cr up 14.3% from 317Cr in FY20.
PAT margin declined marginally from 37% to 35% in FY21
Board recommended dividend of Rs 1/Share.
~ Ion Exchange (Superb results)
Company reported 149.64% YoY increase in PAT from 28.10Cr to 70.15Cr in Q4FY21.
Revenue of company improved from 361.99Cr to 458.94Cr up 26.78%
On yearly basis PAT of company improved from 93.62Cr to 143.94Cr up 53.75%
Board recommended dividend of Rs 10/Share.
