16 Dec 2018 | 12:19 PM
Research Report
Daily

Equity Research Report: Religare Morning Digest

We expect profit taking in Nifty ahead and that would further add pressure on broader front. Maintain stock specific trading approach.
16 May 2018 | 07:00 AM

  • Lupin reported a surprise loss in Q4FY18 due to a one-time impairment charge of Rs 1,464cr in relation to Gavis group acquisition. Its net loss for the quarter stood at Rs 784cr, compared with a profit of Rs 380cr a year earlier. Its revenue declined by 5.2% YoY to Rs 4033.8cr in Q4FY18. EBITDA margin stood at 17.6% compared to 18.4% in Q4FY17. 
  • Punjab National Bank posted Rs 13,420cr loss in Q4FY18, on the back of recent alleged scams. The bank’s asset quality worsened, with Gross NPAs rising to 18.4% from 12.21% sequentially. Net NPAs jumped to 11.24% from 7.55%. 
  • Suven Life reported 18.6% YoY growth in net revenue to Rs 213.7cr. Revenue from manufacturing segment grew by 17.9% YoY, while revenue from services business grew by 43% YoY. EBITDA was up 89.4% YoY to Rs 91.2cr. PAT grew by 56% YoY to Rs 62.5cr.