HDFC Life Q2 Results: Profit Jumps 15%, Premium Income Surges
L&T and Tata Motors - Quarterly Results
Last Updated: 8th August 2022 - 06:42 pm
Larsen & Toubro reported 37.98% growth in total sales at Rs.29,335 crore while net profits were up nearly 4-fold at Rs.1,174 crore. Among the various verticals, infrastructure, power, heavy engineering, hydrocarbons and IT did better compared to Jun-20. Only IT services outperformed on sequential basis too. Here is a quick financial summary of Q1.
Rs in Crore |
Jun-21 |
Jun-20 |
YOY |
Mar-21 |
QOQ |
Total Income (Rs cr) |
₹ 29,335 |
₹ 21,260 |
37.98% |
₹ 48,088 |
-39.00% |
Operating Profit (Rs cr) |
₹ 2,454 |
₹ 948 |
158.81% |
₹ 5,572 |
-55.96% |
Net Profit (Rs cr) |
₹ 1,174 |
₹ 303 |
287.42% |
₹ 3,293 |
-64.33% |
Diluted EPS (Rs) |
₹ 8.35 |
₹ 2.16 |
₹ 23.42 |
||
OPM |
8.37% |
4.46% |
11.59% |
||
Net Margins |
4.00% |
1.43% |
6.85% |
The total order book of L&T stood at Rs.323,721 crore as of 30-Jun. The EBITDA margins of various divisions of L&T can be summarized as under for Jun-21. Infrastructure sector had EBITDA margins of 7.1%, power 2.5%, heavy engineering 17.9%, Defence 20.3%, hydrocarbons 9.6%, IT 23.1% and financial services 8.4%.
In the last 5 months, HDFC Securities, Prabhudas Liladher and Edelweiss have upgraded their target for L&T while Motilal downgraded its target for L&T.
Tata Motors Ltd net sales were up 107.63% at Rs.66,406 crore for the Jun-21 quarter. Net loss at Rs-4,451 crore narrowed over the previous year. The company took a tax write-off in JLR books but the performance was also impacted by the shortage of microchips, commodity inflation and pandemic-driven slowdown. Here is a quick financial summary for of Q1.
Rs in Crore |
Jun-21 |
Jun-20 |
YOY |
Mar-21 |
QOQ |
Total Income (Rs cr) |
₹ 66,406 |
₹ 31,983 |
107.63% |
₹ 88,628 |
-25.07% |
Operating Profit (Rs cr) |
₹ -959 |
₹ -4,917 |
-80.49% |
₹ 7,157 |
-113.41% |
Net Profit (Rs cr) |
₹ -4,451 |
₹ -8,438 |
N.A. |
₹ -7,605 |
N.A. |
Diluted EPS (Rs) |
₹ -11.62 |
₹ -23.46 |
₹ -20.24 |
||
OPM |
-1.44% |
-15.37% |
8.07% |
||
Net Margins |
-6.70% |
-26.38% |
-8.58% |
CV segment saw 3.67X growth in sales at Rs.7,854 crore while PV segment saw growth of 4.4X growth at Rs.5,194 crore. The largest segment of Jaguar Land Rover grew 89% yoy at Rs.51,795 crore. JLR reported pre-tax loss of £110 million and free cash outflow of (£996) million in Jun-21 quarter.
In the last 3 months, HDFC Securities and Edelweiss upgraded their targets for the stock while Motilal and BNP Paribas downgraded their targets for Tata Motors.
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