Motherson Sumi Systems Ltd (MSSL) had a challenging Q4FY19. Although 11% yoy growth in the topline to INR 17169 cr in Q4FY19 was encouraging, delays in ramp up of new SMP facilities and additional cost incurred impacted the overall performance as EBITDA was down 17% yoy and PAT was down 43% yoy.
BHFC is the flagship company of Kalyani Group. It is one of the largest commercial forging companies in the world in terms of capacity and revenue, with presence in auto as well as non-auto component sectors with wide domain knowledge in design and engineering.
Sobha Ltd. reported its Q4FY19 and results. The company recorded pre-sales volume of 1.1msf, up 11% YoY (up 24% QoQ), while on value basis pre-sales stood at INR 712cr, up 8% YoY (up 19% QoQ) in Q4FY19.
After 5 quarters of good results, ABFRL has reported a poor quarter. Revenues grew 9% to INR 1915 Cr and were broadly in line with estimates. However EBITDA witnessed a big disappoinment at INR 125 Cr vs. estimates of ~INR 170 Cr, primarily driven by a poor performance from Pantaloons.
SRF Ltd (SRF) posted a strong set of numbers in Q4FY19, particularly in their Chemicals Business (CB). Sales for the quarter was at INR 2,072 crore, higher by ~29% when compared to Q4FY18 sales and exceeded our estimates by ~5%.
Shriram Transport Finance Company Ltd. (SHTF) reported 3% YoY growth in net interest income to INR 19.1bn aided by 9% YoY growth in AUM to INR 1,045bn. However, net interest margin (NIM) during the quarter decreased by 88bps to 7.1%.
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