Consolidation in Industries – What drives it..??

The merger of Reliance Communications with Aircel adds to the list of industries witnessing significant consolidation. Other recent ones are Cement with buy-out of Jaiprakash Associates’ by Ultratech and a number of buy-outs in Power sector. Globally, the scenario is even more pronounced with deals in the range of $ 20-30 bn being a common occurrence. So what drives … Continue reading Consolidation in Industries – What drives it..??
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Results Analysis – Cement Industry..

It has turned out to be a bumper quarter for Cement Industry with near doubling of net profit even though sales grew at barely 8%. The result has come about with all round improvement in performance – lower operating and interest cost and an increase in other income. Results are based on top ten market … Continue reading Results Analysis – Cement Industry..
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Weekly Round Up – Week 28

  • The results season for quarter ended June’16 begins. It looks like not-so-good FY17 beginning for IT majors with both Infosys and TCS reporting pressure on margins. While consolidated sales grew by modest 1.2% and 3% on sequential basis, net profit decline by 4.5% and 0.4% respectively. On the other hand, Reliance Industries had a bumper quarter with profits rising by sharp 18% y-o-y, even though net revenue decline by 15% due to lower crude prices. (More on this, later)

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Ultratech Jaypee deal – Lenders take all..!

The acquisition of Jaiprakash Associate’s Cement business by Ultratech is another important milestone for the Aditya Birla Group which has been consistently expanding its businesses across all segments. The group is among the few who have negotiated the business turbulence of last decade well and could be a textbook case of how ‘slow and steady’ … Continue reading Ultratech Jaypee deal – Lenders take all..!
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Jaiprakash Associates – What went wrong.??

  Jaiprakash Associates (JAL) hogged lot of limelight last week when it declared its results although not for good reasons. The company reported defaulting on its principal and repayment dues almost to the tune of what it was worth ten years back..! Another growth story gone wrong.. JAL, a Cement, Power and Civil Construction company … Continue reading Jaiprakash Associates – What went wrong.??
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Deciphering Core Sector Growth…

Core sector data released last week shows that the eight core sectors have recorded an impressive growth of 6.4% in March’16. More importantly, this is the fifth month when growth rate has improved over previous months indicating consistency which is quite unusual for a data set like this. The significance of core sectors is that these … Continue reading Deciphering Core Sector Growth…
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