Background & Business Power Grid Corporation of India (PGCIL) enjoys “Navratna” status that provides authority to undertake new transmission projects of any amount without any government approval. It is also entrusted with the role of CTU by the Government of India. In this role, PGCIL operates as one of the chief agencies for planning
Long-term story intact; Maintain HOLD * Sterling Tools (STL) has reported a mixed performance for Q1FY18, with revenue below expectation, EBITDA and PAT above estimate aided by a better operational performance, a superior product mix and lower interest expenditure. * GST transition has impacted the revenue growth (4.6% YoY v/s 7% Emkay
India ranks 128th in terms of meeting the UN’s health-related Sustainable Development Goals (SDGs) by 2030, with low scores on air pollution, sanitation, hepatitis B and child wasting, according to a global health review published in The Lancet on 13 September. The Global Burden of Disease study provides new estimates on where the world
Shankara Building Products Ltd (Shankara Buildpro) was founded by Mr Sukumar Srinivas, a first generation entrepreneur, having 33 years of experience in the building products industry. It is one of the leading organized retailers of home improvement and building products in South India based on number of stores, operating under the trade name Shankara BuildPro.
Result highlights * Revenue of Rs6.8bn was 19% higher than estimate owing to higher than expected contracting revenue of Rs5.0bn which led to EBITDA of Rs1.2bn that was 12% higher than estimate and APAT of Rs470mn vs. estimated Rs450mn. * Sobha clocked Q1FY18 sales volume of 0.82msf (up 13% QoQ) worth Rs5.7bn (up 12% QoQ