ShareDunia

Capsule sized Insights on Indian Share market & Business

TVS Motors - Auto sales for July 2020

TVS Motors - Auto sales update Domestic 2-wheeler sales Motorcycle registered sales of 106,06

TVS Motors - Auto sales update

Domestic 2-wheeler sales

  • Motorcycle registered sales of 106,062 units in July 2020 as against 108,210 units in July 2019.
  • Scooter sales of the Company registered 78,603 units in July 2020 as against 105,199 units in July 2019.

Hero Motocorp - Auto sales for July 2020

Hero Motocorp Auto sales update In a market environment that continues to be volatile, Hero Mo

Hero Motocorp Auto sales update

  • In a market environment that continues to be volatile, Hero MotoCorp sold 514,509 units of motorcycles and scooters in July 2020. 
  • The Company registered a sequential growth of 14% over the previous month (June 2020) and reached more than 95% of wholesale dispatch numbers of the corresponding month in the previous year (July 2019).
  • In keeping with its vision to “Be the Future of Mobility”, Hero MotoCorp made an additional investment of Rs. 84 crore (US$11million) in Ather Energy, taking up its shareholding in the Company to 34.58%, up from 31.27%.

Escorts - Auto Sales for July 2020

Escorts Auto sales Escorts Ltd Agri Machinery Segment (EAM) in July 2020 sold 5,322 tractors regist

Escorts Auto sales

  • Escorts Ltd Agri Machinery Segment (EAM) in July 2020 sold 5,322 tractors registering a growth of 9.5 percent against 4,860 tractors sold in July 2019.
  • Domestic tractor sales in July 2020 at 4,953 tractors registering a growth of 9.9 percent against 4,505 tractors in July 2019.
  • Export tractor sales in July 2020 at 369 tractors registering a growth of 3.9 percent against 355 tractors sold in July 2019.

Just Dial - Disclosure of material impact of CoVID-19 pandemic on the Company

A. Impact of COVID-19 on business operations: As a result of lockdown imposed by the Government owi

A. Impact of COVID-19 on business operations:

As a result of lockdown imposed by the Government owing to COVID-19, the Company closed its offices from March 23, 2020 and moved to Work-from-Home (WFH) for all employees. Post lockdown relaxations, Company has opened its offices across India with limited workforce in line with Government’s directives issued from time to time.

B. Impact of COVID-19 on traffic and monetization

To optimize discretionary costs, company had curtailed its advertising spends (both digital and non-digital) from Apr-20. For the month of Apr-20, average daily traffic declined ~48% versus Feb-20 (pre-COVID period) levels. For the month of Jul-20, average daily traffic was down ~12% versus Feb-20. However, since majority of traffic is presently coming organically (without advertising), on a like-for-like basis, Jul-20 organic traffic has surpassed pre-COVID levels (Feb20). Overall, for 1Q FY21, quarterly unique visitors declined 36% YoY and 28% QoQ.

In order to assist SMEs in these unprecedented times, the company launched various offers on its paid campaigns during the period, including better discounts, flexibility in activation of their campaign (post lockdown), better payment terms, etc. As a result, the company was able to arrest COVID-19 impact on 1Q FY21 monetization (Collections) to a decline of 52% YoY and 43% QoQ. With lockdown easing, monetization is improving and the impact of any revised lockdown/ restrictions in certain geographies is being monitored.

C. Optimization of Operating Costs and focus on automation

While prioritizing safety and well-being of its employees, the Company is extensively leveraging technology for its operations. While the Company has a strong Balance Sheet and robust cash position, the Company is re-evaluating all costs and optimizing the same. The company is focusing even more on automated processes to enable it to successfully navigate the ongoing uncertainties and emerge stronger

D. Liquidity Position

The Company has a strong Balance Sheet and robust cash position ensuring enough liquidity to continue its operations and does not expect that it will face any liquidity crunch.

E. Assets 

The Management has made detailed assessments of recoverability and carrying values of its assets comprising of property, plant and equipment, investments and other current assets as at June 30, 2020 and on the basis of the evaluation, has concluded that there is no significant impact on its financial results as on June 30, 2020. However, the impact assessment of COVID-19 shall be an ongoing process given the uncertainties associated with its nature and duration.

F. Internal financial reporting and control : No Impact

MRPL to consider raising of funds

The Board meeting is scheduled for 4th August 2020 to consider Q1 FY21 Results. Further to this, an

The Board meeting is scheduled for 4th August 2020 to consider Q1 FY21 Results.

Further to this, an agenda item for raising of funds of upto �5,000 Crore (Rupees Five Thousand Crore) through issue of Non-convertible Debentures (NCDs) will be placed before the Board Meeting to be held on 4th August, 2020.

Zydus Cadila receives tentative approval from the USFDA for Carbidopa and Levodopa Extended-Release Capsules

Zydus Cadila has received tentative approval from the USFDA to market Carbidopa and Levodopa Extende

Zydus Cadila has received tentative approval from the USFDA to market Carbidopa and Levodopa Extended-Release Capsules (US RLD - Rytary®) in the strengths of 23.75 mg/95 mg, 36.25 mg/145 mg, 48.75 mg/195 mg, and 61.25 mg/245 mg.

This medication is used to treat the symptoms of Parkinson›s disease (such as shakiness, stiffness, difficulty moving) or Parkinson-like conditions. The drug will be manufactured at the group’s formulation manufacturing facility at SEZ, Ahmedabad.

The group now has 295 approvals and has so far filed over 390 ANDAs since the commencement of the filing process in FY 2003-04.

Maruti Suzuki - Auto Sales for July 2020

Maruti Suzuki Auto sales update Maruti Suzuki India Limited posted total sales of 108,064 units in

Maruti Suzuki Auto sales update

  • Maruti Suzuki India Limited posted total sales of 108,064 units in July 2020. This is a growth of 88.2% over June 2020 and a fall of 1.1% over July 2019.
  • This includes domestic sales of 100,000 units and 1,307 units for other OEMs in the domestic market.
  • In addition, the Company exported 6,757 units in July 2020.

Mahindra & Mahindra - Auto Sales for July 2020

Mahindra Auto Sales In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra

Mahindra Auto Sales

  • In the Passenger Vehicles segment (which includes UVs, Cars and Vans), Mahindra sold 11,025 vehicles in July 2020, compared to 16,831 vehicles in July 2019.
  • In the Commercial Vehicles segment, the company sold 13,103 vehicles in July 2020, as against 15,969 vehicles in July 2019.
  • Exports for the month of July 2020 were at 1,467 vehicles.

 

Mahindra Farm Equipment Sales

  • Domestic sales in July 2020 were at 24,463 units, as against 19,174 units during July 2019.
  • Total tractor sales (Domestic + Exports) during July 2020 were at 25,402 units, as against 19,992 units for the same period last year.
  • Exports for the month stood at 939 units.

 

NIIT Limited - Disclosure on Impact of Covid-19 Pandemic

Impact of the CoVID-19 pandemic on the business In NIIT’s B2C business, learning centers have

Impact of the CoVID-19 pandemic on the business

  • In NIIT’s B2C business, learning centers have remained under lockdown in accordance with government regulations and safety requirements. Inperson instructor led learning activity has been restricted since Q4 FY20
  • NIIT’s B2B business worldwide saw cancellations and deferrals by corporates of planned in-person instructor led training events starting early March. In India, the impact is higher due to slower adoption of Digital and slow pace of hiring


Ability to maintain operations including the factories/units/office spaces functioning and closed down

  • Learning centers remain closed in accordance with government regulations and safety requirements. The Company has enabled Work from Home globally for its workforce, which continues to provide services to NIIT's customers.
  • Given the increase in adoption of digital learning, in Q1FY21, the Company has achieved revenue and EBITDA levels similar to Q1 FY20. This is driven by 17% YoY growth in revenue from corporate learning in Q1 FY21

 

Schedule, if any, for restarting the operations

The timeline for opening of education centers is not known at this point of time. However, learning has been transitioned to Digital, and available across B2C and B2B learners


Details of impact of CoVID-19 on listed

  • Capital and financial resources: No Impact
  • Profitability: EBITDA margin has recovered in Q1 FY21 after a sharp decline Q4 FY20
  • Liquidity position: No Impact
  • Ability to service debt and othefinancing arrangements: No Impact
  • Internal financial reporting and control: No Impact
  • Supply chain: No Impact
  • Demand for its products/services: Please refer to results for Q1 FY21

Full read: NIIT Disclosure on impact of covid19.pdf (851.15 kb)

Future Enterprises - Ratings revised by CARE

The rating agency, CARE Ratings Limited has downgraded the banking facilities availed by Future Ente

The rating agency, CARE Ratings Limited has downgraded the banking facilities availed by Future Enterprises with an observation of "credit watch with developing implications".

The reason stated for downgrade was the weakening of business and financial risk profile on account of extended lockdowns due to the COVID-19 crisis.

Full read: Future Enterprises - Ratings 31-Jul.pdf (383.93 kb)

Indian Oil Board gives go-ahead for Rs. 13,805 crore integrated PX-PTA complex at Paradip

The IndianOil Board has given its go-ahead for the implementation of an Integrated Para-Xylene (PX)

The IndianOil Board has given its go-ahead for the implementation of an Integrated Para-Xylene (PX) and Purified Terephthalic Acid (PTA) complex project at Paradip, Odisha, at an estimated investment of Rs. 13,805 crore at the Board meeting held here today. The PX-PTA complex shall be integrated with Indian Oil’s Paradip Refinery, which is operational since 2015.

The PX/PTA project will be completed by early 2024. The petrochemicals complex will have a PX production capacity of 800,000 tonnes per annum, which would be the feedstock for production of PTA. The production capacity of PTA would be 1,200,000 tonnes per annum. PTA is the raw material for the production of polyester along with MEG. IndianOil’s MEG production facility is already under implementation at Paradip and will become operational towards the end of 2021.

The availability of both PTA and MEG at Paradip will give a boost to polyester manufacturing facilities in the vicinity. Also, 50,000 tonnes per annum of Toluene will be produced. With the commissioning of both PTA and MEG projects, the Petrochemical Intensity Index of Paradip Refinery will increase to 14.7 from the present level of 4.5.

PTA is a major raw material for manufacture of polyester fibre/yarn, PET bottles and polyester film used in packaging applications. PTA and MEG combined are the main feedstocks for polyester manufacture. The Petroleum, Chemical and Petrochemical Investment Region (PCPIR) of Paradip, Odisha, will have both these feedstocks of world-class quality available under one roof.

Full read: Indian Oil - Paradip integrated complex.pdf (1.01 mb)

Future Retail ratings downgrade by Acuité Ratings & Research

The rating agency, Acuité Ratings & Research Limited has downgraded Future Retail's Comme

The rating agency, Acuité Ratings & Research Limited has downgraded Future Retail's Commercial Paper (short term) and Proposed NCDs (long term).

The reason for downgrade was stretched liquidity position as evident from recent developments which was primarily driven by the continued lockdowns due to the COVID-19 crisis.

Full read: Future Retail - Ratings 31-Jul.pdf (419.35 kb)

Kalpataru Power Transmission - Element 1 & 3 OF Kohima-Mariani Transmission Limited successfully commissioned

Kohima-Mariani Transmission Limited (KMTL) has successfully completed and declared Scheduled Commerc

Kohima-Mariani Transmission Limited (KMTL) has successfully completed and declared Scheduled Commercial Operations of Element-1 (New Kohima Substation) and Element-3 (New Kohima - New Mariani Line).

KMTL was established to set-up transmission system under North Eastern Region Strengthening Scheme (NERSSVI) on BOOM basis. The project involved design, financing, construction, commissioning, operation and maintenance of 400 KV transmission line and substation. The transmission line passes through three states i.e. Manipur, Nagaland and Assam and comprises of three elements namely New Kohima Substation (Element 1), Imphal-New Kohima Line (Element 2) and New Kohima - New Mariani Line (Element 3). The Element-2 (ImphalNew Kohima Line) has achieved significant progress and is fast nearing completion. KMTL has won this BOOM in a competitive bidding process conducted by PFC Consulting Limited (PFCCL).

KMTL is a joint venture between KPTL and Techno Electric & Engineering Company Limited (TEECL) with KPTL holding 74% of equity.

ABB India opens a new robotics facility to support the digital transformation of manufacturing in India

The new ABB Robotics solutions delivery facility will enable Indian customers to reap the benefits o

The new ABB Robotics solutions delivery facility will enable Indian customers to reap the benefits of Industry 4.0 including cutting-edge robotics and digitalization technologies, going at the heart of helping India become a resilient high-tech manufacturing economy in the world.

Spread over 3,600 sq.m at the ABB Nelamangala factory premises in Bengaluru, the new facility will enable ABB India to deliver robotic applications and digital solutions for a variety of Indian industries, including automotive, food & beverage, electronics and other upcoming sectors. The facility houses a state-of-the-art shop floor that can run proof of concepts and factory acceptance tests for 1000 ABB robots every year, which doubles the company’s capacity. This enables rapid innovation, adaption, optimisation and agile delivery of made-to-order robotics applications for Indian customers.

“The new facility harnesses the powers of ABB’s deep global expertise and knowledge of the Indian industrial landscape to support our customer base,” said Sanjeev Sharma, Managing Director of ABB India. “Even with increased demand for automation, the penetration of robotics, especially in small and medium enterprises is still low in India compared to the global average. With the help of the new and improved robotics facility, we will be able to share our knowledge and encourage Indian manufacturers to embrace our game changing technologies and become best-in-class manufacturers for local and global markets.”

The facility includes a demonstration center where the latest technologies in robotic welding, gluing and material handling will be showcased and can be used to carry out joint prove-out sessions with customers. ABB will also integrate an ABB AbilityTM Connected Services team that can remotely monitor an installed base of ABB robots to conduct predictive maintenance and high uptime.

A new Customer Experience Center is being set up for customers to learn about the latest in robotics technology and applications, including ABB’s dedicated robot simulation and programming software, RobotStudio. Additionally, the facility will host a paint lab where customers can run simulations of a broad range of industrial painting applications.

ABB is one the leading suppliers of robot, robot systems and machine & factory automation solutions, having shipped over 400,000 robot solutions across the globe. Designed as a complete digital ecosystem, ABB’s factory of the future concept will cater to the growing demand of collaborative automation solutions, by enabling innovation of new robot applications tailormade to the Indian market.

GE Shipping - Board appointed Urjit Patel as an Additional & Independent Director

The Board has appointed Mr. Urjit Patel as an Additional and Independent Director of the Company for
The Board has appointed Mr. Urjit Patel as an Additional and Independent Director of the Company for a term of 5 years w.e.f. August 01, 2020.
 
Also, Board has affirmed that Mr. Urjit Patel is not debarred from holding the office of Director by virtue of any Securities and Exchange Board of India order or any other such authority. Mr. Urjit Patel is not related to any Director of the Company.