In today’s briefing:
- Amber Enterprises India Ltd: Forensic Analysis
- Bajaj Finance: Stellar Earnings – In Line with Our Projections
- Dailyhunt Tearsheet – News For “Bharat”
- Weekly Wrap – 29 Jul 2022
Amber Enterprises India Ltd: Forensic Analysis
- Amber Enterprises India (AMBER IN) is one of the key ODM players in the RAC and related industry.
- However, there are couple of puzzling forensic takeaways, especially in F22 where company had reported high growth in numbers.
- These primarily include the rationale behind debt increase, puzzling subsidiary numbers, discrepancy in inventory verification, etc.
Bajaj Finance: Stellar Earnings – In Line with Our Projections
- Bajaj Finance Ltd (BAF IN) [“BAF”] reported Q1FY23 PAT of approx. INR 2600cr which puts it on track to post INR 11,000cr+ PAT in FY23, in line with our projections.
- BAF is back on its pre-COVID growth trajectory as also highlighted in our prior note. Q1FY23 AUM growth came in at 6.2% QoQ and annualized ROE is back to 20%+.
- The strong Q1FY23 earnings is despite elevated competition in the marketplace which led BAF to forgo business where margin profile was not attractive.
Dailyhunt Tearsheet – News For “Bharat”
- DailyHunt (1449267D IN) is one of India’s leading vernacular content curation and engagement platforms and also one of the most funded content startups.
- Channel interactions indicate a challenging competitive position that requires constant cash burn.
- In terms of financials, there is no sight of profitability in the near term. Unless that changes, it is best to remain cautious.
Weekly Wrap – 29 Jul 2022
Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.
In this Insight:
- Lifestyle International Holdings
- Vedanta Resources
- Tata Motors Ltd
- China South City
- Seazen (Formerly Future Land)
and more…
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