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 declined by 330bps to 9.2%. The margin contraction was due to input price inflation and underperformance in pharma packaging business.
Consumer-ware business...
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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...
Weekly Moneylife Indices & Sector Trends
Moneylife Digital Team 03 December 2022
From 25th November to 2 December 2022, ML Micro-cap Index and ML Small-cap Index rose 4% and 3%, respectively. ML Large-cap Index, ML Mid-cap Index and ML Mega-cap Index rose 2% each. The Sensex and NIFTY...
Waiting for Not So Good Times...
R Balakrishnan, 02 December 2022
The markets continue to be in the grip of the bulls. There seems to be good news and more good news everywhere. Also, a seemingly unshakeable faith that, even if the whole world goes into an economic slowdown, India will keep...
IPO Review: Uniparts India Ltd
Moneylife Digital Team 01 December 2022
Uniparts India Ltd (UIL) is a global manufacturer of engineered systems and solutions (presence in 25 countries) and is one of the leading suppliers of systems and components for off-highway vehicles (OHVs) in agriculture,...
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