Wednesday, 19 July 2017

Q1FY18@Bajaj Finance Ltd, Sterlite Technologies, Havells India's Q1FY18

 Q1FY18


Bajaj Finance Ltd Q1FY18 results registered a beat vs street estimate. The NII for the quarter came in at 16.5% higher than the street estimate of Rs. 1778 crores. And, lastly Net profit for the quarter was 7.5% higher vs the street estimate of Rs. 506 crores.

The NII for the quarter grew by 48.4% YoY to Rs. 2072 crore. This was due to an increase in interest earned by 38% Y-o-Y vs lower increase interest expense by 22% Y-o-Y.


Sterlite Technologies consolidated revenue for the quarter came in at Rs. 716 crore, registering 27% yoy increase. With positive shifts in technology, national policies and consumption patterns for the creation of smarter broadband infrastructure, this quarter saw optical fibre demand showing a consistent upward trend in the global markets. This reflected with healthy increase in exports at 43% of revenues.

Havells India's Q1FY18 standalone results for the quarter registered a miss versus street estimates. Revenue for the quarter came in 1.2 % lower than the estimated figure of Rs. 1883 crore. EBITDA for the quarter came in 22.6 % lower than the estimated figure of Rs. 219 crore. And lastly, net profit for the quarter came in 18.4 % lower than the estimated figure of Rs. 148.7 crore.



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