EQUITAS HOLDING - RESULTS FOR Q4 FY 2017-18 - MARCH 2018

EQUITAS HOLDING

RESULTS FOR Q4 FY 2017-18

MARCH 2018

EQUITAS HOLDING has declared results for the fourth quarter ended March 2018.

Equitas holding	Mar '18	Dec '17	Sep '17	Jun '17	Mar '17	YOY	QOQ
Net Sales	485.6	429.86	417.31	453.24	397.97	22	13
Employees Cost	121.83	132.87	130.07	135.23	117.07	4	-8
Depreciation	23.27	22.53	22.36	20.97	14.42	61	3
Provisions	13.91	86.85	27.06	44.09	36.51	-62	-84
Other Expenses	66.31	76.1	66.78	72.4	62.99	5	-13
P/B Other Inc., Int., Excpt. Items & Tax	260.29	111.5	171.03	180.56	166.98	56	133
Other Income	-11.95	5.02	4.91	3.43	0.78	-1632	-338
P/B Int., Excpt. Items & Tax	248.34	116.52	175.94	183.99	167.76	48	113
Interest	194.71	161.77	158.51	158.64	156.8	24	20
P B T	53.63	-45.25	17.43	25.36	10.95	390
Tax	18.74	-15.2	6.52	9.76	4.05	363
Net Profit	34.89	-30.05	10.91	15.6	6.91	405
Equity	340.43	339.74	339.01	338.24	337.81	1	0
Basic EPS	1.03	-0.89	0.32	0.46	0.2	415	-216
Diluted EPS	1.02	-0.89	0.32	0.45	0.2	410
MP	169
PE	41.42
VOLUME	2,849,722	ON NSE
PRICE TREND
AS ON
07.05.18
EQUITAS	1 week	2 week	1 month	3 month	6 month	9 month	1 year
Price	155.8	152.55	146.2	138.85	144.45	167.9	163.5
Gain / Loss	8.15%	10.46%	15.25%	21.35%	16.65%	0.36%	3.06%

Note : This analysis is not a recommendation to investors for their Buy/Sell/Hold decisions and they must make detailed examination before such decisions at their end.

TATA ELXSI LTD - RESULTS FOR THE 4TH QUARTER ENDED MARCH 2018 - Q E MARCH 2018

TATA ELXSI LTD

RESULTS FOR THE 4TH QUARTER ENDED MARCH 2018

Q E MARCH 2018

TATA ELXSI has declared reasonable results for the 4th quarter ended March 2018. The results are tabulated below.

NET SALES have gone up by 25% YOY.Net Profits have gone up by 58% YoY. On the current price of Rs.1233, the PE ratio works out to 27.3. Over an year period, the price has gone up by 54%

TATA ELXSI	Mar'18	Dec '17	Sep '17	Jun '17	Mar '17	YOY	QOQ
Net Sales	375.38	345.54	342.15	323.23	326.05	15.13	8.64
Total Income	395	345.54	342.15	323.23	326.05	21.15	14.31
Traded Goods	21.93	15.33	20.81	19.21	25.88	-15.26	43.05
Increase in Stocks		--	0.09	-0.09	0
Employees Cost	201.91	183.92	186.43	179.23	174.52	15.69	9.78
Depreciation	6.14	6.29	6.45	6.48	6.82	-9.97	-2.38
Other Expenses	56.43	52.79	50.82	51.46	49.88	13.13	6.9
P/B Other Inc. , Int., Excpt. Items & Tax		87.2	77.56	66.94	68.95	-100	-100
Other Income		6.81	8.88	7.93	-2.09	-100	-100
P/B Int., Excpt. Items & Tax		94.02	86.45	74.87	66.86	-100	-100
P B T	108.58	94.02	86.45	74.87	66.86	62.4	15.49
Tax	38.29	31.25	29.21	25.13	22.36	71.24	22.53
Net Profit	70.29	62.77	57.24	49.74	44.5	57.96	11.98
Equity	62.28	62.28	62.28	31.14	31.14	100	0
Basic EPS	11.29	10.08	9.19	15.97	14.29	-20.99	12
Diluted EPS	11.29	10.08	9.19	15.97	14.29	-20.99	12
MP	1233
PE	27.3
PRICE TREND
ON 26.04.18	1 week	2 week	1 month	3 month	6 month	9 month	1 year
Price	1064.3	1033.1	977.95	1086.95	864.45	830.75	793.68
Gain / Loss	14.74%	18.21%	24.87%	12.35%	41.27%	47%	53.87%

Note : This analysis is not a recommendation for BUY, Sell or Hold decision of Investors, who must take these decisions after thorough examination of the company's results etc.

HDFC BANK - RESULTS FOR Q4 FY 2017-18 - MARCH 2018

HDFC BANK

RESULTS FOR Q4 FY 2017-18

MARCH 2018

HDFC BANK has declared good results for the fourth quarter ended March 2018. The results are tabulated below :

iNTEREST ON aDVANCES ETC HAS GROWN BY 23.36% YOY.
Total Interest income has grown by 17.7% YOY.
Interest expended has grown by 17.71% YoY. Net Interest Income also has grown by 17.7% YoY.
Net Profit has grown by 20.28 % YoY.
Percentage of Net NPA is good at 0.4
Market price is Rs.1946 and on an EPS of 18.3, the PE Ratio comes to 26.58. Last year price around this time was Rs.1462 and the price has grown by 33% since then.

HDFC BANK	Mar '18	Dec '17	Sep '17	Jun '17	Mar '17	YOY	QOQ
Interest Earned
(a) Int. /Disc. on Adv/Bills	16,663.37	16,156.61	15,355.75	14,486.06	13,507.45	23.36	3.14
(b) Income on Investment	4,222.64	4,100.30	4,006.46	3,892.97	4,267.69	-1.06	2.98
(c) Int. on balances With RBI	196.81	112.38	106.49	108.2	165.26	19.09	75.13
(d) Others	238.26	211.98	201.58	181.49	174	36.93	12.4
TOTAL	21,321.08	20,581.27	19,670.28	18,668.72	18,114.40	17.7	3.59
Other Income	4,228.58	3,869.17	3,605.90	3,516.66	3,446.26	22.7	9.29
EXPENDITURE
Interest Expended	10,663.37	10,266.93	9,918.21	9,297.98	9,059.30	17.71	3.86
NET INTRST INCOME:(EARNED-EXPENDED)	10,657.71	10,314.34	9,752.07	9,370.74	9,055.10	17.7	3.33
Employees Cost	1,741.20	1,691.26	1,715.77	1,657.51	1,552.65	12.14	2.95
Other Expenses	4,309.43	4,040.96	3,824.28	3,709.95	3,669.31	17.45	6.64
Operating Profit	8,835.66	8,451.29	7,817.92	7,519.94	7,279.40	21.38	4.55
Provisions	1,541.10	1,351.44	1,476.19	1,558.76	1,261.80	22.14	14.03
P  B  T	7,294.56	7,099.85	6,341.73	5,961.18	6,017.60	21.22	2.74
Tax	2,495.28	2,457.25	2,190.70	2,067.34	2,027.51	23.07	1.55
Net Profit	4,799.28	4,642.60	4,151.03	3,893.84	3,990.09	20.28	3.37
Equity	519.02	518.02	516.8	514.78	512.51	1.27	0.19
Reserves	--	--	--	--	88,949.87
Basic EPS	18.5	17.9	16.1	15.2	15.6	18.59	3.35
Diluted EPS	18.3	17.7	15.9	15	15.4	18.83	3.39
NPA Ratios :
i) Gross NPA	8,606.97	8,234.88	7,702.84	7,242.93	5,885.66	46.24	4.52
ii) Net NPA	2,601.02	2,773.66	2,596.83	2,528.21	1,843.99	41.05	-6.22
i) % of Gross NPA	1.3	1.29	1.26	1.24	1.05	23.81	0.78
ii) % of Net NPA	0.4	0.44	0.43	0.44	0.33	21.21	-9.09
Return on Assets %	0.5	0.5	0.47	0.46	0.48	4.17	0
MP	1946
PE	26.58
PRICE TREND
AS ON 23.04.18	1 week	2 week	1 month	3 month	6 month	9 month	1 year
Price	1928.05	1907.7	1839.2	1963.8	1862.65	1708.15	1462
Gain / Loss	1%	2.08%	5.88%	-0.84%	4.55%	14.01%	33.21%

Note : This analysis does not constitute a recommendation for BUY / SELL / HOLD decisions and investors need to make their own further analysis before such decisions.

TATA CONSULTATNCY SERVICES - RESULTS FOR Q4 FY 2017-18 MARCH 2018

TATA CONSULTATNCY SERVICES

RESULTS FOR Q4 FY 2017-18

MARCH 2018

TCS has declared reasonably good results for the fourth quarter ended March 2018. The consolidated results are tabulated below.

Net Sales have gone up by 8.21% YoY and 3.79% QoQ.

Net Profit has gone up by 4.58% YoY and 5.81% QoQ.

Diluted quarterly EPS stands at 36.07. On the current Market price of Rs.3406, the annualized PE Ratio comes to 23.61.

The price around this time last year was Rs.2328 and the growth from then is a reasonable 46%.

Now that Chandra is setting as the Chairman of the entire Group, many people opine that each companyof TATA Group will grow faster in coming times. So, TCS also is likely to to do some things new, which were not done in the past and emerge as a Great leader of a new IT revolution. TCS can do it. But, will it do it? Let us wait and see.

T C S	Mar '18	Dec '17	Sep '17	Jun '17	Mar '17	YOY	QOQ
Net Sales	32,075.00	30,904.00	30,541.00	29,584.00	29,642.00	8.21	3.79
Employees Cost	17,183.00	16,458.00	16,572.00	16,183.00	15,692.00	9.5	4.41
Depreciation	505	506	504	499	505	0	-0.2
Other Expenses	6,240.00	6,159.00	5,805.00	5,988.00	5,818.00	7.25	1.32
P/B Other Inc., Int., Excpt. Items & Tax	8,147.00	7,781.00	7,660.00	6,914.00	7,627.00	6.82	4.7
Other Income	994	870	819	959	997	-0.3	14.25
P/B Int., Excpt. Items & Tax	9,141.00	8,651.00	8,479.00	7,873.00	8,624.00	5.99	5.66
Interest	12	6	7	27	8	50	100
P B T	9,129.00	8,645.00	8,472.00	7,846.00	8,616.00	5.95	5.6
Tax	2,204.00	2,100.00	2,012.00	1,896.00	1,994.00	10.53	4.95
N P T	6,925.00	6,545.00	6,460.00	5,950.00	6,622.00	4.58	5.81
Equity	191	191	191	191	197.04	-3.07	0
Basic EPS	36.07	34.12	33.67	30.4	33.52	7.61	5.72
Diluted EPS	36.07	34.12	33.67	30.4	33.52	7.61	5.72
MP	3406
PE	23.61
PRICE GROWTH
ON 21.04.18	1 week	2 week	1 month	3 month	6 month	9 month	1 year
Price	3151	2957.15	2859.15	3113.15	2585.95	2445.2	2328.4
Gain	8.11%	15.19%	19.14%	9.42%	31.73%	39.31%	46.30%

Note : This does not constitute a Buy / sell / Hold recommendation. Investors have to make their own decisions by further examination of all data.

INDUSIND BANK - RESULTS FOR Q4 FY 2017-18

INDUSIND BANK

RESULTS FOR Q4 FY 2017-18

The Quarterly Results for Q4 FY 2017-18 ended march 2018 are placed below with brief analysis.

The Net profit has gone up by 26.18% YoY.

Interested earned has gone up by 21.41% YoY.

Net NPA % stands at 0.51%, slightly more than the 0.46% of Q3 (Last qtr) and 0.39% of Q4 of FY 17.

Bank has recommended a dividend of Rs.7.50 per share of Rs.10.

INDUSIND	MAR'18	DEC'17	Sep '17	Jun '17	Mar '17	YOY	QOQ
Interest Earned	4650.11	4286.78	4208.35	4208.35	3830.11	21.41	8.48
(a) Int. /Disc. on Adv/Bills	3669.32	3469.61	3,290.28	3,290.28	2,989.67	22.73	5.76
(b) Income on Investment	830.51	749.46	767.94	767.94	644.05	28.95	10.81
(c) Int. on balances With RBI	75.37	36.8	110.8	110.8	153.85	-51.01	104.81
(d) Others	74.91	30.91	39.33	39.33	42.44	76.51	142.35
Other Income	1208.51	1186.76	1,187.57	1,187.57	1,211.30	-0.23	1.83
TOTAL INCOME	5858.62	5473.54	5,395.92	5,395.92	5,041.31	16.21	7.04
EXPENDITURE
Interest Expended	2642.52	2391.97	2,387.36	2,361.45	2,162.56	22.19	10.47
Employees Cost	453.52	459.96	445.04	422.17	394.3	15.02	-1.4
Other Expenses	993.19	956.92	930.02	930.62	912.22	8.88	3.79
Operating Profit	1769.39	1664.69	1,633.50	1,588.53	1,572.23	12.54	6.29
Provisions	335.55	236.16	293.75	309.97	430.13	-21.99	42.09
PBT	1433.84	1428.53	1,339.75	1,278.56	1,142.10	25.54	0.37
Tax	480.75	492.28	459.65	442.01	390.49	23.11	-2.34
Net Profit	953.09	936.25	880.1	836.55	751.61	26.81	1.8
Equity	600.22	599.74	598.87	598.52	598.15	0.35	0.08
Reserves			--	--	19,673.38	-100
EPS After Extra Ordinary
Basic EPS	15.88	15.62	14.7	13.98	12.57	26.33	1.66
Diluted EPS	15.73	15.47	14.54	13.86	12.45	26.35	1.68
NPA Ratios :
i) Gross NPA	1704.91	1498.7	1,345.28	1,271.68	1,054.87	61.62	13.76
ii) Net NPA	745.67	592.2	536.89	508.26	438.91	69.89	25.92
i) % of Gross NPA	1.17	1.16	1.08	1.09	0.93	25.81	0.86
ii) % of Net NPA	0.51	0.46	0.44	0.44	0.39	30.77	10.87
Return on Assets %	1.86	1.96	1.9	1.86	1.74	6.9	-5.1
MP	1818	1700
PE	28.89	27.47
PRICE TREND
	1 week	2 week	1 month	3 month	6 month	9 month	1 year
Price	1857.55	1829.9	1720.9	1679.5	1710.95	1572.95	1431.75
Gain / Loss	-2.18%	-0.70%	5.59%	8.19%	6.20%	15.52%	26.91%

Note : This does not constitute a recommendation to Buy, Sell or Hold

MASTEK - RESULTS FOR - Q4 FY 2017-18

MASTEK LTD

Financial Performance

Q4 FY'18

Comparison. Year-on-Year

□ Revenue:

✓ Total income was Rs 230.8 crore vs Rs 183.6 crore, up 25.7% Y-o-Y

✓ Operating Income of Rs 223.7 crore vs Rs 179.0 crore, up 25.0% Y-o-Y in rupee terms

✓ Constant currency revenue growth of 21 9% on Y-o-Y basis

□ Profit:

✓ EBITDA was Rs 35.0 crore vs Rs 21.2 crore, up 64.8% Y-o-Y basis

✓ EBITDA Margin of 15.1% In Q4FY18 as against 11.6% in Q4FY17

✓ Net Profit stood at Rs 19.4 crore vs Rs 10.7 crore in Q4FY17; up 81.6% Y-o-Y basis

✓ Net Profit Margin of 8.4% in Q4FY18 as against 5.8% in Q4FY17

□Cash & Cash Equivalent:

✓ Total cash, cash equivalents and fair value of Mutual Funds stand at Rs 205.7 crore as on 31'' March, 2018 as compared to Rs 153.0 crore at the end of 31st March, 2017.

□Order Backlog:

✓ 12M Backlog was Rs 524.8 crore (£ 56.9mn) as on 31st March,2018 as compared to Rs 333.3 crore (£ 41.2mn) ,in Q4FY17, up 57.S% in rupee terms

Financial Performance

Q4 FY'l8

Comparison: 

Quarter-on-Quarter

□Revenue:

✓ Total income was Rs 230.8 crore vs Rs 215.3 crore, up 7.2% on Q-o-Q basis

✓ Operating income was Rs 223.7 crore vs Rs 209.S crore, up 6.8% Q-o-Q In rupee terms

✓ Constant currency revenue growth of 5.0% on Q-o-Q basis

□Profit:

✓ EBITDA was Rs 35.0 crore vs Rs 31.S crore, up by 10.9% Q-o-Q basis

✓ EBITDA Margin of 15.1% in Q4FY18 as against 14.6% in Q3FY18

✓ Net Profit stood at Rs 19.4 crore vs Rs 18.4 crore, up by 5.2% on Q-o-Q basis

✓ Net Profit Margin of 8.4% in Q4FY18 vs 8.6% In Q3FY18

□Cash & Cash Equivalent:

✓ Total cash, cash equivalents and fair value of Mutual Funds stood at Rs 205 7 crore as on 31^st March, 2018 as compared to Rs 167 .0 crore as on 31 '1 December. 2017

□Order Backlog:

✓ 12M Backlog was Rs 524.8 crore (£ 56.9mn) as on 31st March, 2018 as compared to Rs 437.6 crore (£ S0.7mn) in Q3FY18, up 19.9% in rupee terms and up 12.3% In constant currency