Aarti Industries: September ’22 Results Update
Moneylife Digital Team 07 December 2022
Aarti Industries (Aarti) continued its subdued performance in Q2FY22-23 due to a challenging environment. Revenue increased by 34% y-o-y (year-on-year) to Rs1,685 crore, driven by higher realisations. It continues to suffer from weak demand for dyestuff and pigments from the textiles industry. The pigment industry has also seen de-stocking and industry consolidation globally. Except for that,...
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Sterling Tools: Sept ’22 Results Update
Moneylife Digital Team 05 December 2022
Sterling Tools (Sterling) reported the highest-ever sales for its stand-alone fasteners business, with 20% y-o-y (year-on-year) growth. Operating profit margin expanded by around 500bps (basis points) sequentially as well as...
Granules India: September ’22 Results Update
Moneylife Digital Team 05 December 2022
Granules India (Granules) reported strong y-o-y (year-on-year) growth for the fourth consecutive quarter. We had earlier covered Granules in detail here. Top-line rose by 30% y-o-y to Rs1,151 crore led by higher paracetamol sales...
Borosil Ltd: September ’22 Results Update
Moneylife Digital Team 05 December 2022
The Q2FY22-23 revenue of Borosil Ltd (Borosil) was up by 36.2% y-o-y (year-on-year) to Rs271 crore but operating profit margin contracted by 700 basis points (bps) to 14%. Its cascading effect was visible on net profit margin which...
V-Mart: September ’22 Results Update
Moneylife Digital Team 05 December 2022
V-Mart reported mixed results in Q2FY22-23. On the operational front, the company performed better than expected, with expansion in gross margin from 30.7% to 36.3% y-o-y (year-on-year). But it posted loss on a net basis. Sales were...
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