Company reported a turnover of Rs.49.37 Cr ( Rs.65.37 Cr in last year same period.) and a net loss of Rs.56 Lac ( Profit of Rs.7.86 Cr ) in March quarter . For the year ended FY 2015-16 , top-line is Rs.300.45 Cr and a net profit of Rs.24.86 Cr . Compared with last March Quarter , other income decreased from Rs.9.64 Cr to Rs.43 Lac. Normally ,major part of other income of company includes Export subsidy from government , exchange rate fluctuation (gain/loss),sale of by-product ..etc
Result Link HERE
Result Link HERE
VP sir,
ReplyDeleteThe issue is not the drop in other income but the sales are way down which is surprising.
Whats your view, why it could be down?
Reasons may be many . The recent unexpected spike in Egg price in India may force the buyers to shift to other countries or the company purposefully controlled supply due to unremunerative raw material cost ,to reduce loss.
Deleteplease share your thoughts on Subex post result
ReplyDeleteResult is good
DeleteNo change in previous view
DeleteDear sir any views on AK Capital - Cons results look good at least on paper. Tks
ReplyDeleteNot tracking it
DeletePlease comment on Dion Global Results too!
ReplyDeleteThank u in Anticipation.
Bad result and it is not improving as expected eralier.
DeleteDear valuepickr sir sales is less is it a point of concern? appreciate if you throw some light on it
ReplyDeleteThanks
Replied above.
DeleteSir,
ReplyDeleteShould we continue holding? Or should book loss and exit?
Already requested to stay away for the time being when its price was around Rs.115-120
DeleteSir your views on TV18 BROADCAST LTD please.....
ReplyDeleteNot tracking it.
DeleteHi VP, thanks for posting result but need expert comments from you as well. do you think this result as aberration or we might see weakness in result for few more quarters.
ReplyDeleteAlmost all data ( Daily trend of raw material cost,export figures..etc) to reach a conclusion is available in public media , take a call after analysing this.I have already expressed my personal opinion.
DeleteDear VP Sir
ReplyDeleteCan i average ABFRL (Aditya Birla Fashion & Retail) at current level as i'm a long term investor.
Despite not so good result I believe so , if you are a long term investor.
DeleteDear V P Sir, I have invested in SKM EGG @ 121 per share in January 2015. I can wait for one more year till April 2017. Will I be able to recover my investments since I do not want to book a loss of 40%
ReplyDeleteThere is no meaning in investing with time bounded fund in stock market.
DeleteDear VP Sir,
ReplyDeleteThanks for the update. Please share your valuable opinion on Salzer results. I prefer to hold it for long term
Thanks in advance
The proposed additional investment by government in Railway and power sector is expected to benefit the company.
DeleteDo you think the company's business won't grow in coming year?
ReplyDeleteToo early to comment
DeleteDear value pickr sir I thank you for your warning for earlier exit but how you see it from know onwards after seeing this quarter results .Thanks
ReplyDeletePersonally I prefer to stay on my last opinion for the time being . Need to closely watch and understand whether there is any change happening in the business environment which demands a change in strategy.
DeleteDear VP sir in last quarter export subsidy was supposed to be realized. Whether it is still receivable or withdrawn by govt. You suggested to exit skm at 115 odd levels since then it is falling and now it seems to break 52 week low.Is it a value buy at 55-60 levels for investors who can wait for cycle to turn positive.
ReplyDeleteDear
DeletePlease don't misunderstand me as an insider of the company or a representative of the management.Result published just one day back ,we have equal right to seek and get answers for such questions from management,as share holders. To my understanding there is a slight reduction for subsidy percentage for just one item produced by the company from mid of last year.But that is not a reason for such a huge difference , but it is a fact that subsidy is released by govt machinery and it may not happen at same time in each year. Historically ,another major component in other income is forex fluctuation gain/loss which is also subject to change according to Rupee value and hedging strategies. :)
Thanks sir for this information ...please your view up ABFRL result
ReplyDeleteDespite not so good result , positive for long term.
DeleteDifficult to understand the results . Why such a large decline in other income in this quarter as compared to last year . Ignore this decline and results seems to be better in comparison to last year comparative quarter considering more than 20 % decline in revenue . Strangely increased raw material cost earlier expected in this quarter is not visible in the results . Balance sheet is quite strengthened now . Mismatch in other income with revenue from quarter to quarter need clarification from the management . This will help in clearing doubts in the mind of investors and will increase investor confidence in the company.
ReplyDeletePls refer above reply.
DeleteVP sir,
ReplyDeleteWhat is your opinion about the result of SKM.
Sorry Sir, I missed out on your comment regarding mindteck on which you said no change in your positive views . Thanks a lot
ReplyDeleteWhat I mentioned earlier about Mindteck was - The company seems diversifying into new gen verticals and we need to wait and see how these new initiatives are turning into numbers.
ReplyDeleteWhat about your view in vardhman acrlylics
ReplyDeleteSir, I have tried to find your sell call to know the reasons, but not a specific blog has been found. Can you please advise when did you give this call for sell.
ReplyDeleteSince, the price has fallen too much for SKM it has come onto my radar to start looking for some investment. Can you please advise your concerns for this company?