Issue of 2nd May-8th May 2022
LEAD ARTICLE
Online Moneylife Magazine
Shamefully Slow Resolution of Financial Scams Damages India’s Wannabe Image as a Superpower. Can It Change Now?
On 30th April, the chief justice of India (CJI), NV Ramana, mentioned in a speech that India has 40mn (million) cases pending in lower courts and that the government was the biggest litigant accounting for 50% of these cases. At another event on 2nd May, the media reported him saying that 4.2mn cases were pending at the district level.... Read More
STOCKS
GHCL Ltd (GHCL) declared its Q4FY21-22 results on 30 April 2022. We had discussed GHCL Ltd’s (GHCL) special situation due to an upcoming demerger of its textiles business, here, in September 2021. In Q4FY21-22, GHCL increased its sales by 54% year-on-year (y-o-y) and by 27% quarter-on-quarter...
Moneylife Digital Team
After a poor performance in the December quarter, revenue bounced back sequentially for Laurus Labs (Laurus) in Q4FY21-22. However, y-o-y (year-on-year) revenue growth was muted, as revenue increased by just 1% to Rs1,425 crore. This was on account of weak performance by the ARV...
Moneylife Digital Team
Saregama India Ltd (SIL) announced its results for Q4FY21-22 on 2 May 2022. We had discussed SIL’s music licensing business in detail in April 2021 (https://bit.ly/3iUODIT). Net sales grew 20% quarter-on-quarter (q-o-q) from Rs150 crore in Q3FY21-22 to Rs180 crore in Q4FY21-22. Its earnings...
Moneylife Digital Team
Gokaldas Exports Limited (GEL) came out with a good set of quarterly results, reporting the highest-ever revenues. We covered GEL, one of the best vertically integrated fibre-to-fashion textiles players, here. GEL operates from more than 20 manufacturing facilities, with annual capacity of...
Moneylife Digital Team
Shoppers Stop faced COVID-led disruptions in January and February 2022 which resulted in net loss and low operating profitability. January includes EOSS (end of season sale) which generates almost the second highest sales in a month and higher profit as well.     Revenue...
Moneylife Digital Team
Indian Energy Exchange (IEX) recently announced its Q4FY21-22 results. We had earlier covered IEX in detail here. Revenue for the quarter was up by 19% y-o-y (year-on-year) to Rs112 crore. This was on the back of a higher growth in volumes. During the March quarter, the traded volume on the...
Moneylife Digital Team
In Q4FY21-22, Angel One Ltd (Angel) grew its sales 12% quarter-on-quarter (q-o-q). From Q1FY21-22, Angel has been growing its sales at a q-o-q growth rate of 13% to 14% and its Q4FY21-22 sales at a similar, but slightly lower, pace. We had discussed its business in detail...
Moneylife Digital Team
Schaeffler India Limited (SCHIL), covered in detail here, came out with good quarterly numbers. Schaeffler supplies critical components to the automotive and industrial sectors. SCHIL (erstwhile FAG Bearings) has presence through three famous product brands—FAG (Fischer’s Aktien Gesselshaft),...
Moneylife Digital Team
KPR Mills (KPR) came out with another good set of quarterly results, reporting highest-ever revenues and net profits for a quarter. We covered KPR, one of the best vertically integrated fibre-to-fashion textiles players, here. KPR has 12 manufacturing units to produce 100,000MTPA (metric...
Moneylife Digital Team
January is normally the second-best month in terms of revenue for Trent due to end of season sales (EOSS). But Trent’s Q4FY21-22 results were impacted by the third wave of COVID in January and February 2022. Therefore, revenue and profit were down on a quarter-on-quarter (q-o-q) basis....
Moneylife Digital Team
IPO REVIEW
In the largest initial public offering (IPO) ever, the government of India (GoI) is issuing shares of Life Insurance Corporation of India Ltd (LIC). LIC was incorporated in 1956 under the LIC Act by merging and nationalising 245 private life insurance companies in India. Since then, LIC had...
Moneylife Digital Team
MUTUAL FUNDS
When interest rates go up, debt products find it hard to perform. This is because there is an inverse correlation between interest rates and valuation of debt products. When interest rates rise, value of debt falls. Hence, mutual fund (MF) schemes, which invest...
Moneylife Digital Team
The best three and the worst three mutual fund (MF) schemes over the past three years ranked by their quarterly rolling returns. Premium members get access to a more refined list of top schemes by logging into Moneylife Advisory                                                    ...
Moneylife Digital Team
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