Management Comments – Wipro, M&M Financial Services, SKF India

Wipro on where the next leg of growth is coming from?
  • The management sees automation as a key lever to drive margins going forward.
  • It sees good momentum in its business led by steady performance in banking and financial services and consumer businesses Within BFSI, Wipro is seeing good growth in cloud migration and enterprise renovation segments on the Banking side and automation & operations transformation on the capital markets side
  • The management sees revival in the energy and utility business.
  • It has also seen an uptick in communication business driven by core enterprise spend as well as the new edge areas like 5G.
  • Health segment continues to see challenges, driven by the uncertainty around the ACA which continues to persist
Source : Q2FY19 Concall
M&M Financial Services on geographical performance
  • Among the states, the state of Maharashtra is showing slower performance, while other states of North East, UP and Bihar etc are aggressive on growth front and Kerala is bouncing back after floods
  • Large part of NPAs of rural housing finance subsidiary are from Maharashtra state, the company expects the NPAs of rural housing finance subsidiary to decline in Maharashtra in H2FY2019

Source : Q2FY19 Concall

SKF India on Revenue mix, Segmental breakup, Capex and Wind energy
  • Revenue mix : Of the total sales, automotive accounts for around 43%, industrials around 50% and exports which are largely towards auto account for the rest 7%.
  • Within Automotive, aftermarket would be 13% and 87% would be OE. Within industrials, the aftermarket and OE are 50% each. Within industrials,  Strong traction seen from passenger wagon side.
  • Capex :  Company will incur a capex of upwards of Rs 150 crore as compared to around Rs 50 crore
  • Wind : While the prices of bearings for wind energy has stabilized but still no significant demand seen towards wind energy. However investments picking up in turbine side manufacturing and demand will eventually pick up

Source : Q2FY19 Concall

 

 

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