IEX
- Q2 volume growth driven by increased demand in Gujarat, Maharashtra, Bihar, WB, Telangana, J&K
- Reason in increase of pricing was due to hydro and wind generation going down in September and shortage of coal
- Our transaction fees is not dependant on price of power but on volumes transacted
- Load shedding is the last thing that distributors engage in, hence demand for power will continue
- Any variation of fees in future shall be first approved by a regulatory approval, earlier exchanges were free to vary.
Link : https://youtu.be/q7RLg1wgg2g
Sobha Developers
- Revenue can be recognized only on completion basis as per New AS
- There are few private sector NBFC where we have seen they have not disbursed loans and they have assured that max delay is for 2-3 weeks
- Aiming topline of 1200 crs in this FY. Order book of 2300 cr on hand for contract manufacturing, will grow this business at double digit
- 1st time buyers have been buying early in their age
- 2018 will be better than 2017
- Kerela is a great market for us, sentiment will revive when NRI returns in december season
- Gurgaon and NCR is genuinely growth oriented market in North
- Bangalore we have good land bank
Link : https://youtu.be/wmnWoRioGyg
Bata India
- SSGR is 9%+ and premium segment is 30%+
- Turnover growth was 15% where 16% growth in retail and 4% in non retail
- Portion of premium products will go to 35% from 30% at present
- Passing entire benefit of GST to customers
- Margins have improved by 1%
- All new launches will be mix of premium and retail
Link : https://youtu.be/JqT3gLPC4gM
Sandhar Technologies
- Margins pressure is due to commodity prices and increase in power and fuel cost
- Our new units are operating at negative operating leverage and as time passes will see much better margins from new units
- Industry segment grew at 13%, we grew at 20%
- PV segment grew at 5.1%, we grew at 7.9%
- CV segment grew at 37%, we grew at 35%
- Off highway grew ta 22%, we grew at 75%
- Diversification program has paid off well for us
- Just 3% of overall revenue is exports
- 50% of our foreign currency exposure is always hedged
Link : https://youtu.be/Q57YeC6j64g
V-Mart
- Festival demand has shifted from Q2 to Q3 which is the reason of SSGR coming down
- Expenses are growing and SSGR is flattish resulting in Ebitda loss in quarter
- Witnessing good festival season – will meet our expected nos. by year end
- Our stores are in Tier2 Tier3 cities and people buy only when they need and when there is festival. So during festival they come out and buy large quantities. Seeing demand rise in winter wear products from North India. Kids wear is growing more than other items
- 19 new store opening in H1, focussing on north and east states
- We approach clustered approach by opening new store which is 100-150 kms from our other stores