Snowman Logistics Ltd reported revenue of Rs.70.07 crores for the quarter ended September 30, 2021, compared to Rs.57.69 crores in the previous fiscal year. EBITDA increased by 25% to Rs.19.03 crores from Rs.15.19 crores in the previous year’s corresponding quarter. PBT increased to Rs. 2.01 Crores in the current quarter from Rs.(1.73) Crores in the previous year’s corresponding quarter, and PAT increased to Rs.0.47 Crore in the current quarter from Rs.(1.73) Crores in the previous year’s corresponding quarter.
Mr. Sunil Nair, CEO of Snowman Logistics Ltd, commented on the quarter’s performance, saying, “We are pleased that we have been able to maintain the improved performance demonstrated in the previous quarter during the current quarter. With the majority of our customers returning to pre-Covid operations, we expect our performance to improve further in the coming quarters.”
The stock has been rallying after the company reported its best-ever sequential revenue growth for the July-September quarter (Q2), at 8.9% in constant currency terms. As of today’s date, this is Larsen & Toubro Infotech share price.
The company reported a net profit of Rs 552 crore for the second quarter ended September 30, 2021 (Q2FY22), a 21% year-on-year (YoY) increase, and an 11% sequential increase. Revenue increased by 25.6% year on year to Rs 3,767 crore, while it increased 8.8% sequentially.
Growth was diverse, spanning verticals, service lines, geographies, and client buckets. BFS and manufacturing drove broad-based industry expansion. During the quarter, the company’s earnings before interest and taxes (EBIT) margin increased by 350 basis points (bps) year on year (YoY) and 270 bps quarter on quarter (QoQ) to 19.9%. Ebit margins increased due to SG&A leverage, offshoring, and longer working days, which were partially offset by higher costs and utilization.
According to the company’s management, this was the most rapid sequential growth it had ever seen, pushing its annual revenue run rate past $2 billion. It anticipates that demand will remain strong over the next three years. Despite the lack of large new deal wins in recent quarters, L&T Infotech’s growth momentum is one of the strongest in the company’s history, indicating the broad-based nature of the demand environment, according to the company.
The board of directors has declared an interim dividend of Rs 15 per equity share with a face value of Re 1 for the fiscal year 2021-22. The company has set October 26, 2021, as the record date for determining beneficial owners of equity shares in order to pay an interim dividend.
The stock tanked after the company reported mediocre July-September quarter (Q2FY22) results. In Q2FY22, the company’s dollar revenue increased by 2.6% quarter on quarter (QoQ) to $72 million (up 3.9% in constant currency (CC)), while rupee revenue increased by 3.4% QoQ to Rs 533 crore. Net profit also remained flat during the quarter, at Rs 81.5 crore, compared to Rs 80.2 crore in the same fiscal’s June quarter.
Earnings before interest, taxes, depreciation, and amortization (Ebitda) margins fell 80 basis points (bps) year on year to 21.1%, owing to a 6.5% year-on-year increase in employee expenses. Deal value fell 1.8% year on year to $ 155.5 million. As of today, this is Mastek share price.
The management, on the other hand, stated that despite increases in costs due to salary increases and investments in sales and marketing, it was able to maintain a healthy operating Ebitda margin of 21.1%. “We are confident that with a renewed emphasis on new age practices and strategic investments, we will be able to sustain the growth momentum. We have made progress as an organization on our Vision 2025, strategic priorities, and big bets that will drive accelerated growth in digital and cloud services over the next three years “It stated.
The stock has been rallying after the company has informed that the Board of Directors has considered and approved the amendment to the terms and conditions of the Share Purchase agreement dated January 17, 2021, signed between the Company, Dr Ganesan’s Hitech Diagnostic Centre Private Limited, and its promoters/shareholders for the acquisition of a 100% stake in Dr Ganesan’s Hitech Diagnostic Centre Private Limited and its subsidiary Centralab Healthcare Services Private Limited. As of today’s date, this is Metropolis Healthcare share price.
On January 17, 2021, the Board of Directors agreed to a cash consideration of Rs511 crore and equity consideration of up to 495000 fully paid-up equity shares of Rs.2 each. The amended deal term is now cash consideration of Rs.636 cr only, as opposed to the cash and equity combination previously announced by the Company. Hitech will become a wholly-owned subsidiary of the Company following the completion of the acquisition, according to the company in a regulatory filing. The acquisition’s rationale is to increase market share and penetration.
The stock rallied after the company reported strong revenue growth driven by viewership of Rs.1387cr in Q2FY22 compared to Rs.1061cr in Q2FY21, a 31% increase year on year. The highest-ever Q2 revenue (ex-film) increased by 29% year on year (and 21% vs Q2FY20). Consolidated EBITDA for the quarter increased by 53% year on year to Rs253cr in Q2FY22, compared to Rs166cr in Q2FY21 (3.3x of Q2FY20), with an operating margin of 18.2%. Profitability in both the news and entertainment industries has increased. As of today’s date, this is Network18 share price.
Profit After Tax (PAT) increased to Rs 200cr (three times that of Q2FY21), owing to improved revenue performance, controlled opex, and lower finance costs. The entertainment margin is 19%, and ex-film revenue is up 31% year on year (up 20% vs Q2FY20). The news margin is 18%, and revenue is up 18% year on year (15% vs Q2FY20). Digital News continues to increase revenue and improve margins; revenue increased by 55% year on year, while margins increased by 17% year on year.
“Viacom18 is constructing a strong sports portfolio, having acquired rights to the FIFA World Cup’22 as well as three major football leagues.” “Despite the lingering impact of the second wave, Voot’s digital exclusive property, Bigg Boss OTT, drives substantial growth in paid subscriber base and 18.2% operating margin,” the company said in a filing on Tuesday.
“This quarter has been quite remarkable, both from a macro and Company’s point of view,” said Adil Zainulbhai, Chairman of Network18. The manner in which the country emerged from the grip of the second wave of COVID was truly heartening, as was the full-swing return of economic growth. From a medium-term perspective, the outlook appears to be quite promising, which is good news for all of our consumer-facing businesses.
During the pandemic, our digital assets, both news, and entertainment received a boost, and we are continuing to invest to capitalize on those gains. With our entry into the sports genre, we have taken a significant step toward expanding our entertainment portfolio to the next level. This will help us establish ourselves as a truly integrated media company across broadcast, OTT, and content studio business spanning general entertainment, news, movies, and sports.”
Disclaimer: This document and the process of identifying the potential of a company have been produced for only learning purposes. Since equity involves individual judgments, this analysis should be used for only learning enhancements and cannot be considered to be a recommendation on any stock or sector.