Ramkrishna Forgings India

Ramkrishna Forgings India- 3QFY23 Result Ramkrishna Forgings continued to post steady performance - RKFORG’s reported a topline growth of 29.3% YoY, though it dropped 5.7% QoQ to Rs7775mn in 3QFY23, compared to our estimate of Rs7466mn. EBITDA margin stood exactly in-line with our estimate of 22.2%. EBITDA during the quarter grew 22.5% YoY, though declined sequentially by 1.4% QoQ to Rs1730mn (MNCL Estimate: Rs1657mn). Higher than expected interest expenses and tax provision resulted in lower than estimated PAT. PAT stood at Rs610mn (up 34.4% YoY, though lower by 9.4% QoQ), lower than our estimate of Rs712mn. RKFORG has almost reached our previous target price of Rs286, giving ~61% return since our Initiating Coverage Report on July 22, 2022. We will share our detailed view, revised rating and target price after the concall with the management, scheduled today.

Aether Industries

Aether Industries Q3FY23 Net profit up 37.8% at Rs 35 cr Vs Rs 25.4 cr (YoY) Revenue up 10.5% at 167.1 cr vs 151.2 cr (YoY) EBITDA up 19.4% at Rs 47.3 cr Vs Rs 39.6 cr (YoY) Margin at 28.3% Vs 26.2%

EaseMyTrip

EaseMyTrip becomes the official travel partner for Sharjah Warriors EaseMyTrip.com has announced that it has clinched the status of being the official travel partner for the Capri global owned franchise named Sharjah Warriors. The Sharjah Warriors will be one of the participating teams in the six-team T20 tournament in the UAE conducted by the Emirates Cricket Board. Through this partnership, EaseMyTrip will have a global reach. A leading Non-Banking Financial Company in India Capri Global is the primary shareholder of Sharjah Warriors. This agreement indicates a long-term foray into sports franchising for Capri Global, led by Rajesh Sharma, Managing Director and Founder, and will enable them to capitalize on the love that people in India and throughout the globe have for cricket.

LTTS

LTTS Q3 PAT rises 7% QoQ to Rs 304 cr (20-Jan-2023 , 10:41 Hours IST) As compared to Q3 FY22, the company's net profit and revenue surged by 22% and 21.4%, respectively.Profit before tax was at Rs 445.60 crore in quarter ended 31 December 2022 (up 14.58% quarter on quarter (QoQ) and up 30.9% year on year (YoY)).EBITDA rose 5.2% QoQ and 20.1% YoY to Rs 441.2 crore in Q3 FY23. EBITDA margin stood at 21.5% as in Q3 FY23 as against 21% in Q2 FY22 and 21.8% in Q3 FY22. EBIT margin was at 18.7% as in Q3 FY23 as compared 18.1% in Q2 FY22 and 18.6% in Q3 FY22.In dollar terms, the company's revenue stood at $248 million for the quarter, registering a growth of 0.4% QoQ and 10.2% YoY. In constant currency, the firm reported flat QoQ and 13.5% increase on YoY basis.During the quarter, LTTS won five deals above $10 million total contract value (TCV) deals and a significant empanelment with Airbus in digital manufacturing.At the end of Q3 FY23, the patents portfolio of L&T Technology Services stood at 1,033, out of which 695 are co-authored with its customers and the rest are filed by LTTS.LTTS' employee strength stood at 21,649 at the end of Q3 FY23. Voluntary Attrition last twelve months (LTM) was 23.3% in Q3 FY23 as against 24.1% in Q2 FY23 and 17.5% in Q3 FY22.Amit Chadha, CEO & managing director of L&T Technology Services, said, Our double-digit revenue growth momentum continued in the third quarter led by Transportation and Industrial Products. Three of the five USD 10 million plus deal wins in Q3 were from Industrial Products on the back of our differentiated capabilities such as digital twin and sustainability driven product development.Chadha stated, We reported a record high EBIT margin of 18.7% in Q3 which helped us cross the milestone of Rs 300 crore in quarterly profits. This demonstrates our continuing endeavor for shareholder value creation. We also crossed 1,000 patent filings, reflecting the engineering and technology talent driving growth for the company. For FY23, we expect USD revenue growth to be around 15% organic, in constant currency (using Q4 FY22 currency rates as benchmark).Towards meeting our aspiration of a USD 1.5 billion run-rate by FY25, we are making strategic investments. In Q3, we opened a new center in Toronto for Digital Engineering and expanded our operations in Peoria to offer digital manufacturing and next-gen electrification solutions. Recently we announced the acquisition of Smart World and Communication (SWC) which is a progression of our 6 Big Bets strategy in the areas of 5G, Sustainability and Digital Products & AI. We are confident these investments will help differentiate our offerings and expand our addressable marketLTTS is a listed subsidiary of Larsen & Toubro focused on Engineering and R&D (ER&D) services. It offers consultancy, design, development and testing services across the product and process development life cycle.Shares of L&T Technology Services slipped 3.42% to Rs 3,283 on the BSE.Powered by Capital Market - Live News

PVR

PVR: Q3 CONS NET PROFIT 161M RUPEES VS LOSS 102M (YOY); LOSS 712.3M (QOQ) || Q3 REVENUE 9.40B RUPEES VS 6.14B (YOY); 6.86B (QOQ) PVR: Q3 EBITDA 2.89B RUPEES VS 1.65B (YOY) || Q3 EBITDA MARGIN 30.7% VS 26.85% (YOY) PVR: CO LOOKING FOR SIGNIFICANT UPTICK IN BOX OFFICE COLLECTIONS FOR NEXT FISCAL YEAR || CO ON TRACK TO OPEN A TOTAL OF 100-110 NEW SCREENS BY THE END OF CURRENT FISCAL YEAR PVR: CO SAYS EXPECTING STRONG RECOVERY IN BOLLYWOOD AND HOLLYWOOD FILM COLLECTIONS

HINDUSTAN ZINC

HINDUSTAN ZINC: Q3 SL NET PROFIT 21.57B RUPEES VS 27B (YOY); EST 22.10B | 26.8B (QOQ) || Q3 REVENUE 76.28B RUPEES VS 78.4B (YOY); 81.3B (QOQ) HINDUSTAN ZINC: Q3 EBITDA 37.07B RUPEES VS 43.7B (YOY) ; EST 37.15B|| Q3 EBITDA MARGIN 48.6% VS 55.73% (YOY); EST 48.5% HINDUSTAN ZINC: CO BOARD HAVE APPROVED THIRD INTERIM DIVIDEND OF RUPEES 13 PER EQUITY SHARE

MARUTI SUZUKI

MARUTI SUZUKI: CO AIMS TO EXPORT GRAND VITARA TO MORE THAN 60 COUNTRIES ACROSS LATIN AMERICA, AFRICA, MIDDLE EAST, ASEAN AND NEIGHBORING REGIONS