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Abhishek

Jan 21

🚨 "Mixed Results for Reliance in Q3: Revenue Up, Profits Stagnant"

Key Takeaways of Reliance Industries Q3 Result in this🧵

Reliance Industries operates 4 major business segments: Jio, Retail, Oil & Chemical, & Media.

#Reliance #RelianceJio

1) The total revenue of Reliance Industries for Q3 stands at 240,963 Cr, showing a 14.8% increase compared to the previous year, driven by sustained growth in the consumer businesses.

2) The profit after tax saw a marginal increase of 0.6% YoY, coming in at 17,806 crores.

3) Under the leadership of Akash Ambani, Jio's business recorded a 20.8% increase in revenue compared to the previous year, reaching a total of 29,195 Cr.

4) Jio's profit increased by 28.6% YoY, reaching 4,881 Cr. 27% of Reliance Industries' total profit is coming from Jio.

Read 6 tweets

Abhishek

@Abhishe27960014

Jan 20

🚨 "Asian Paints Q3 revenue growth stalls at 1%"

7 Key Takeaways of Asian Paints Q3 Result in this🧵

1) The company made 7,492 Cr in sales during Q3, which is almost same as last year. However, in the last 9 months, the company's sales grew by 22.5%

#ASIANPAINT #Q3Results

2) The company made a profit of 1086 Crores in Q3, which is 6% more than last year. However, in the last nine months, the company's profit has grown by 28% YoY.

3) They have opened 10k retail locations in last 9 months, showing how well it is expanding its reach to consumers

4) The company's gross margin increased by 180bps in the third quarter, and now stand at 38.7%. This was due to a decrease in the cost of the materials used to make their products.

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Abhishek

@Abhishe27960014

Jan 19

🚨Aman Gupta's boAt Experiences Staggering 118% Increase in Revenue🚀

Let's Understand boAt's Business Model in this 🧵

Credits for sharing Financials @entrackr

#boat #SharkTankIndiaS2

1) What is the primary business or services offered by the boAt company?

"The boAt company specializes in selling audio-centric electronic devices including wireless speakers, Airdopes earbuds, wired and wireless headphones, etc."

2) Who founded boAt?

"Aman and Sameer Mehta, in collaboration, established boAt in 2014."

Read 10 tweets

Abhishek

@Abhishe27960014

Jan 17

6 Key Takeaways of "Bank of India" Q3 Result in this🧵

1) Banks make money by charging more interest on loans they give out than the interest they pay to people who save their money in the banks.

Interest Income = Interest Earned - Interest Expended

#bankofindia #earnings

Hence, Interest income is an important number for a bank to look at.

Bank of India made 64% more money from interest income compared to last year which is a very big positive for the bank.

Interest Income stands at 5,596 crores.

2) Regardless of huge growth(64%) in interest income, Net Profit only grew up by 12% from last year to approx. 1,151 crores which is concerning.

Reasons:

▶️ Non- interest income declined by 22% YoY

▶️ More provisions for bad loans are accounted as compared to last year

Read 8 tweets

Abhishek

@Abhishe27960014

Jan 17

4 Key Takeaways of ICICI Lombard Q3 Result in this🧵

ICICI Lombard is a company that sells non-life insurance products such as car, health insurance, etc.

1) The company made 11% more profit in Q3 of this year compared to last year & it is currently at 353 cr.

#ICICILombard

2) Insurance companies make money by selling insurance and collecting payments for those policies (called premiums).

The company earned 16.9% more in premiums in Q3 of this year compared to last year, which is less than the average increase for the whole industry (18.1%).

3) An important way to measure how well an insurance company is doing is by looking at how much extra money they have to pay out claims. This measure is called the Solvency ratio.

Read 5 tweets

Abhishek

@Abhishe27960014

Jan 16

6 Key Takeaways of Federal Bank Result in this🧵

1) Federal Bank is one of the top banks when it comes to people sending money from their foreign bank account to an Indian bank account, they have a big market share of 20.36%. ⬇️

#FederalBank

2) Banks make money by charging more interest on loans they give out than the interest they pay to people who save their money in the banks.

Interest income is an important number for a bank to look at.

Federal Bank made 27% more money from interest income compared to last yr.

3) Net Profit grew up by whopping 54% to approx. 803 crores in Q3.

4) When a bank lends more money to customers, the bank has better chance to make more money.

Federal Bank loaned 15% more money to customers this time, which is good for the bank's business.

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