Operational miss on volumes pressure
Lower realizations to seep
in EBITDA declined 29% QoQ (-39% YoY) to INR15.8b (our estimate: INR17b) in 1QFY20 due to lower sale..
Strong volume growth continues
Lower LNG prices support margins
* High volume growth combined with expansion in EBITDA/scm, resulted in IGL’s EBITDA increasi..
Higher generation drives earnings
Capex run-rate increasing; Maintain Neutral
1QFY20 standalone performance was on expected lines. PAT grew 19% YoY to INR8.8b, led..
Better realizations support performance
Donimalai restart may take time; Valuations attractive
1QFY20 adj. EBITDA of INR19.3b (-4% QoQ) was in line with our estimat..
Margins impacted by weak VSF profitability
* 1QFY20 standalone revenue increased 4% YoY to INR50b (v/s est. INR55b). EBITDA declined 20% YoY to INR8.4b (v/s est. INR9..
Tax cut: Structurally positive than temporary GST cuts
EIM & AL – Biggest beneficiaries | Localization for EVs gets big boost
The reduction in corporate t..
Competitive threat in wireline biz subsiding
The Indian telecom industry is continuing to grapple with disruption with changing custome..
Corporate tax rate cut – key trigger for economic revival
Spruces earnings by 8-14% | DTA impact in FY20 for select banks
* The government’s decision t..
Mega consolidation announced, but near term challenges remain
Government infuses INR550b in 10 PSBs
* The Finance Minister has announced mega merger of six public..
Delhi NCR: Some green shoots in 2Ws/PVs
Expect limited pre-buy across segments
We conducted extensive checks with our channel partners (PV/2W/CV) in the Delhi NCR r..
BFS: Weakness in vendor traction & client budgets not broad-based yet!
What are service providers saying?
* IT vendors’ commentary on the BFSI vertical i..
GST rate cut to aid demand growth for hotels
Maximum benefit to upper upscale/ luxury players
With an aim to boost the hospitality sector, the GST Council its meet..
Accelya Solutions In Q4 net profit up 32.35% at Rs 24.71 cr
US dollar rises after Fed policy meeting
Rupee rises by 12 paise to Rs 69.05 against dollar
BSNL to offer more data, validity under select prepaid plans
Infosys signs agreement with U.S. IRS; sees lower tax rate
Rohit highly motivated, played with freedom: Graeme Smith
One of the biggest: Murray on 1st singles title since surgery
No takers for Gayle, Malinga in The Hundred draft
Facebook set to launch dedicated news tab
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