Issue of 21st Nov-27th Nov 2022
REGULATIONS
Since the middle of last week, the spectacular bonfire of FTX, a crypto exchange, has kept us enthralled. FTX, which was valued at US$32bn (billion) a few months ago and funded by the finest names of the global financial markets such as Sequoia, Temasek, Ontario Teachers’ Pension Plan,...
STOCKS
Wonderla, one of the few listed theme parks, presented its best revenue for Q2FY22-23. It has experienced a roller-coaster ride in the past few years. The COVID-led shutdowns slashed revenues in FY20-21 to less than a quarter of those in pre-COVID FY19-20 and by more than half in FY21-22. The...
Moneylife Digital Team
Jubilant FoodWorks Ltd (JFL) reported strong quarterly performance in Q2FY22-23. Revenue was up by 16.57% y-o-y (year-on-year) and around 3.6% q-o-q (quarter-on-quarter) to Rs1,301 crore. Operating profit margin contracted by around 200bps (basis points), due to higher raw materials (cheese)...
Moneylife Digital Team
In Q2FY22-23, Astec Lifesciences (Astec) nearly doubled its sales y-o-y (year-on-year) to Rs200 crore. The robust top-line performance was driven by higher sales realisation and volumes in exports and higher realisations in the domestic market. Also, sales deferral of previous quarter, which...
Moneylife Digital Team
Apar Industries (Apar) reported its highest-ever revenue in Q2FY22-23, driven by healthy exports, higher sales of premium products and volume growth. Sales grew by 42.5% y-o-y (year-on-year) and operating profit margin expanded by 140bps (basis points) y-o-y to 7%. Consequently, net profit...
Moneylife Digital Team
Sales of Devyani International (Devyani) in Q2FY22-23 were up by 44.76% y-o-y (year-on-year) and 6% q-o-q (quarter-on-quarter) to Rs 747 crore. The revenue growth was led by a combination of new store openings, pricing and volume growth. Gross margin declined by 90bps (basis points) q-o-q to...
Moneylife Digital Team
Deepak Nitrite reported weaker numbers in Q2FY22-23. Revenue rose by 17% y-o-y (year-on-year) to Rs1,962 crore, driven by volume growth in advance intermediates and phenolics segment. However, growth was impacted due to a fire at Nandesari (Gujarat) which resulted in 100% loss of production...
Moneylife Digital Team
Rainbow Children’s Medicare (RCM), which went public in April 2022, is a multi-specialty paediatric, obstetrics and gynaecology hospital chain which was earlier backed by the UK-based development finance institution—CDC (Commonwealth Development Corporation) group. We have analysed the...
Moneylife Digital Team
Sapphire Foods India (Sapphire), a franchisee of Yum Brands, operates on a non-exclusive basis in India. It operates brands such as KFC, Pizza Hut (PH) and Taco Bell in several states in India and across Sri Lanka and the Maldives. It reported its highest-ever revenue in Q2FY22-23 with a 36%...
Moneylife Digital Team
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