Issue of 6th Jun-12th Jun 2022
LEAD ARTICLE
Online Moneylife Magazine
Special Court Rejects Harshad Mehta Family’s Claim of Assets Exceeding Liabilities
Thirty years after the securities scam, Harshad Mehta’s story is attracting a lot of public attention after a selectively sympathetic portrayal of the Big Bull operator in a hugely popular television series; but it also showcases our inability to resolve major financial scandals.   An order by justice AK Menon of the special court... Read More
WHICH WAY
On Wednesday, the Reserve Bank of India (RBI) hiked the repo rate by 50 basis points (bps) or 0.5% to 4.9% in its effort to control inflation. Earlier, in a sudden shock move, on 4th May RBI had raised the repo rate by 40bps. Those who are now in their late-60s or older, would know that one...
STOCKS
Siemens India Ltd (Siemens), covered in detail earlier here, came out with its Q2FY21-22 numbers recently and was able to register margin improvement on a sequential basis in a tough external environment. (The company follows September year-end). Siemens is an integrated technology-provider...
Moneylife Digital Team
Jubilant FoodWorks Ltd (JFL) presented good quarterly results, despite COVID-led disruptions. Its sales grew by 13.3% y-o-y (year-on-year) but operating margin dipped a bit which may be due to inflationary pressures. On a sequential basis, sales dipped by 2.9% and operating profit margin...
Moneylife Digital Team
Vardhman Textiles Ltd (VTL), covered earlier here, came out with its quarterly results. VTL is a textiles manufacturing company with presence across the value chain. After starting as a yarn manufacturer, over the years, it has expanded its product portfolio into fabric and garments. It has...
Moneylife Digital Team
Rolex Rings Ltd (RRL) declared its Q4FY21-22 results on 23 May 2022. We had discussed its business here. RRL’s net sales jumped 38% year-on-year (y-o-y) and 19% (q-o-q). Its operating profit shot up 51% y-o-y and 27% q-o-q due to an improvement in its operating profit margin (OPM). RRL’s net...
Moneylife Digital Team
Endurance Technologies (Endurance), an auto-ancillary company based in Aurangabad with a presence in India and Europe, declared muted results for Q4FY21-22. Sales declined by 2.5%, operating profit declined by 22.6% and net profit declined by 27.27% on a y-o-y (year-on-year) basis. The...
Moneylife Digital Team
Growth in revenue and decline in operating margin has been the trend across chemicals sector in the March quarter. Similarly, Dharamsi Morarji Chemical Company (DMCC) reported a revenue growth of 59% y-o-y (year-on-year), driven by increase in price realisation and moderate growth in volume....
Moneylife Digital Team
Aarti Industries’ (Aarti) Q4FY21-22 sales witnessed a healthy growth of 45% y-o-y (year-on-year), supported by higher realisations due to pass-through of higher raw materials prices as well as good volume gains (12%-14%). However, on a sequential basis, revenue declined by 26% due to higher...
Moneylife Digital Team
Clean Science & Technology (Clean Science) reported its March quarter numbers recently. We had earlier covered Clean Science in detail here. In Q4FY21-22, despite facing several headwinds, such as geo-political issues and rising raw materials cost, Clean Science’s revenue jumped by 53% y-o-y...
Moneylife Digital Team
SMART MONEY
Someone sent me an interesting forward on TCS (Tata Consultancy Service). Essentially, it said that, in the past five years, the company has used its entire profits for a combination of dividends and share buybacks. As a shareholder, one cannot ask for anything better. The company is sticking...
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