HSIE Results Daily: Marico, Macrotech Developers, Mahindra & Mahindra Financial Services
Marico: Marico’s consolidated revenue fell by 3% YoY, given a one-off channel inventory adjustment leading to a 5% decline in domestic revenues as...
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Real Estate: Presale momentum continues
After a strong Q4FY24, we expect a sequentially flattish presale growth in Q1FY24 (on a high Q4FY23 base, driven by sustenance sales)
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HSIE Results Daily: IndusInd Bank, Macrotech Developers
IndusInd Bank: IndusInd Bank (IIB) reported its highest-ever quarterly earnings, mainly led by strong loan growth (+21% YoY), stable margins and...
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Real Estate - Stable Performance
Going by the numbers for FY23 reported to date by top developers, we expect annual presales for most of them to surpass their previous highs
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Macrotech Developers (Initiating Coverage): Execution Maestro. BUY
Macrotech Developers Ltd (MDL) benefits from the Indian real estate upcycle as it navigates through new markets like Bengaluru and anchors/further...
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