Overall results are decent, both topline and bottomline. The results would have been better had the first quarter of FY15 been better.
Stellar Results. Another year of around 33% topline growth and 100% bottomline growth. The company is doing a good job exceeding our expectations and its growing at 30-35% CAGR for last so many years. One could continue writing about this company but i think its very clear that we have a strong winner in our hands now.
The standalone results are very good, both on topline and especially on bottomline. Unfortunately the ACP division continues to play the spoil sport as it reported nearly 80% of its sales (which again were very low YoY) as loss but inspite of all this the company has reported a very strong bottomline with plastic division recording around 200 basis points higher margins YoY. the consolidated results may look disappointing but its important to note that crude benefits would have started by Nov last year, as they have a yr end of DEC (and till December though crude came down quite a bit but its possible that they might have incurred inventory losses). Again, what’s very encouraging is the standalone quarter’s results. the profitability is excellent and most heartening is the increase in dividend payout. This year they are paying 1.5rs VS 1rs dividend that was paid last year. clearly this increased dividend is coming inspite of lowering of consolidated profits. its quite possible they are gauging strong profit generation because, as on date they have almost crossed halfway mark in their cameroon operations. Anyways, the domestic operations would start showing marked improved starting this quarter and therefore for coming few quarters all YoY results are expected to be very good. Yes, consolidated bottomline not that great but its not bad either and more importantly the standalone results are very encouraging and add to it increased payout, this now becomes a very safe stock with limited downside.
The results are good on topline but may look muted on the bottomline front for the quarter but its important to note that the bottomline was brought down by “prior” expenses – details of which are available in the foot notes. The company needs to continue working on improving OPM, which it is as I am made to understand. URJA’s plant would also be operational shortly.
Results as expected are slightly muted for the quarter though decent for the year. As the company has indicated the coming quarter might be muted too. So expectations management has been done by the company. This one may needs some patience but the quality of company is very good.
Results are good on the topline for the quarter and especially for the entire year. The stock-in-trade was a spoil sport for this quarter’s bottomline but overall the results are good, though equity dilution is also to be kept in mind. Turnaround is now confirmed.
Good results both for the quarter and the year. The board is also paying 0.5rs dividend. The stock as expected has grown very well in the last few years an continues to do so. With the recent interview that we saw on CNBC, the future also looks very promising.
The topline grew as expected though the bottomline was muted for the quarter on back of higher other expenditure. For the entire year also the stock did well, but as mentioned in the stock story we are here for the next round of substantial earnings increase. We should hear something about the Lupin deal shortly. One should accumulate on all declines.