Mcleod Russel - Kamal Baheti – CFO
- Old season crop got sold must faster, last year demand was very strong and inventories were lower
- Production for this season started in middle of march,demand is very strong, prices are little higher ~₹25-30/kg
- Generally 100% absorption at auction never happens, 70-80% absorption is considered good
- After 3 years we have seen positive momentum in prices and if auction happens at ₹25-30 it will augur well for our margins
- Wage agreement is due to be implemented from Jan 2018, will have to see its impact on cost
- After wage increase we estimate to increase margins by ₹10-15/kg from 8-9% to 13-14%
- Global market is also strong, we sold 19.5 mn kgs vs 14.5 mn kgs previous year
- With higher exports domestic inventory will be lower, this year we can see turnaround in tea prices and might continue for some years
- Will get clear indication in 3-4 weeks time
Full Interview :
http://www.btvi.in/videos/watch/26358/mcleod-russel--what-s-brewing-
Srei Infra - Hemant Kanoria - Chairman & MD
- In CME (Construction, Mining and Equipment) Financing there is no severe new competition
- We have 30-35% market share and close to 100000 customers
- We have been able to maintain the margins (NIMs ~5.26%) as the cost of risk and operation have come down
- Internally we have divided portfolio in 2 segments - New business from 2013 and Previous one
- In the old business, we have a team who is working with clients to recover money
- In the new business, NPL's are extremely low as credit policy has improved, so portfolio is of good quality
- NPA recovery now will be at a slower pace but we surely are working on it
- We finance income generating equipment's, we see demand would be picking up
- Farm equipment has not been an interesting business for us, we have created a new model in conjunction with Sahaj
- Will be able to reduce the risk substantially through Sahaj and will be able to provide complement of equipments to farmers
Full Interview
http://www.btvi.in/videos/watch/26356/srei-infra--business-outlook
Ashok Leyland Update - Amandeep Singh, Head Defence - 16-04-2018
- Won an 100 crore order for 10x10 vehicle to carry Smerch Rockets
- It is the First Indian made 10x10 vehicle will be used by Indian army
- Delivery of some vehicles will be in 2nd half of this year and balance in 1st half of next year
- 26 mobility tenders won in last 2 years, total potential of orders for next 7-8 years can be 5000 crs
- Capex outlay in defence of have gone up from 2% to 5% and now plan to increase it to 20% in few years time
- Revenues from defence doubled in last 2 years from 400 to 800 crs
- Market size : We expect to play in 20% of 80000 crs worth of army capex in next 4 years time, currently we are leaders but even if we get 33% of that we are looking at 5000 crs in next few years time
Full Interview :
http://www.btvi.in/videos/watch/26362/have-bagged-rs-100-cr-order-from-mod--ashok-leyland