Atrium Research’s Post

I have discussed my view on ADF’s $DRX recent price action👇 and will not be repeating it, but I will add a few points. THE question that should be assessed is: 'has the cycle turned and are the fundamentals falling off a cliff?' Because that's what the current valuation implies. As explained, I believe they are not and continued growth is ahead notwithstanding the inherent lumpiness of the business. But if you do believe that's the case, what's your assumption of normalized earnings? 2022 levels? Keep in mind that: 1. there have been very large investments in the business, enabling ADF to expand capacity, enhance efficiency and address new markets 2. as a result, ADF has gained quite some market share 3. Infrastructure cycles generally last >decade. At 3x ev/ebit on H1 annualised (excl. H2 cash) the market is assuming all this will revert, and some more. In short, I believe that many underestimated the lumpiness of this industry, particularly compared to the size of ADF, and are letting price drive the narrative. The fundamentals will naturally turn at some point and business will slow. Though I have not been given an indication based on H1 results that we are anywhere near this moment. But enough about it (for now). There's plenty of other cool companies to assess! https://lnkd.in/eCgsdGcG

In the fourth quarter of the fiscal year 2023-24, DLF witnessed a significant uptick in total income, surging to Rs 2,316.70 crore from Rs 1,575.70 crore in the same period of the previous year, as per regulatory filings. Furthermore, for the entire fiscal year 2023-24, the company recorded a noteworthy increase in net profit, reaching Rs 2,727.09 crore compared to Rs 2,035.83 crore in the preceding year.. Watch: https://lnkd.in/gSvrqs6F | #dlf #q4results #q4earnings #fy24 #profit #investment #bullish

ITC Q1     Net Profit at Rs. 4917 Crore vs Estimates of Rs. 5237 Crore     Revenue Rs. 17000 Crore vs Estimates of Rs. 17664 Crore     EBITDA Rs. 6294 Crore vs Estimates of Rs. 6683 Crore     EBITDA margin at 37.0% vs Estimates 37.8%    (Operational performance seen marginally lower than estimates)

ITC Q2 results FY2025 Preview: Key expectations - Know date, time, and quarterly earnings schedule

HBL: 3Q2024 EPS at Rs9.85 down 13% YoY while flat QoQ; 9M2024 EPS at Rs30.03 up 3% YoY - Earnings in line with industry expectations DPS: 3Q2024 Rs4; 9M2024 DPS: Rs12 - In line with industry expectations

Expansion of capex outlay by 11.1% for FY25 will greatly bolster #economicgrowth and boost #jobcreation, writes Ramachandran Dinesh, President, CII. Read his interim budget analysis in this insightful article! #CII4INterimBudget2024 #Budget2024 #InterimBudget2024 Nirmala Sitharaman TVS Supply Chain Solutions The Hindu

IFB Industries delivered strong growth in Q1FY25 📈 Revenue: Up ~17% YoY, 16% QoQ 🚀 EBITDA: Soars 135% YoY, 76% QoQ 📊 EBITDA Margin: Improved by 320 bps YoY, 210 bps QoQ IFB's focus on cost reduction and margin improvement is paying off, reflected in the robust EBITDA growth.

Very proud of the work Aramex teams have done in Q4. I feel our business momentum is great, the confidence of management is high and we have seen lots of good news lately. We’v seen challenges in 2022 and S1 2023 but I feel we are at an inflection point for the company. Mohamed Juma Al Shamisi Othman Aljeda Nicolas Sibuet Mohammad Alkhas Alaa Saoudi Tim Martin Ayed Tadros Chantal Schoombie Francoise Russo Mike Rich Hussam Baraqouni Samer Marei Umar Butt Shannon Thompson Samer Hajjar Yousef kamhawi Tyron Coote Andy van der Velde Geopost , La Poste Groupe #Aramex #FinancialResults #AramexGlobal #DeliveryUnlimited #InvestorRelations

RIL Q1 results: Net profit down 5.5% at Rs 15,138 crore on weak O2C biz Oil to telecom conglomerate Reliance Industries (RIL) reported a 5.5 per cent year-on-year (Y-o-Y) decline in its consolidated net profit (attributable to the owners of the company) for the quarter ended June 2024 (Q1 FY25). For the quarter under review, RIL reported a net profit of Rs 15,138 crore and revenue of Rs 2.31 trillion, up 11.7 per cent from a year ago. Growth in revenue, the company said, was led by O2C’s higher oil and product prices and the strong volume growth in the oil and gas segment. The company's other income grew 4.5 per cent to Rs 3,983 crore from a year ago. In a Bloomberg poll, 13 analysts estimated a revenue of Rs 2.32 trillion and seven analysts estimated a net income adjusted of Rs 17,416 crore. RIL missed street estimates for its net profit numbers. The company reported a 2 per cent Y-o-Y growth in its consolidated Ebitda for the quarter to ~Rs 42,748 crore, where the company said strong contributions from the oil and gas and consumer business offset weak O2C. Ebitda is earnings before interest, taxation, depreciation and amortisation.Consolidated Ebitda for the quarter improved from a year ago with strong contributions from consumer and upstream businesses offsetting the weak O2C operating environment. Reliance’s resilient operating and financial performance in this quarter underscores the strength of its diverse portfolio of businesses,” said Mukesh Ambani, chairman and managing director of the company.

#StockMarket recovers after a tough week!🚀 😎#Nifty50 up 100 points, closes at 22050 🏆BPCL surges 4.5% on 1:1 bonus issue ☝️IT sector as TCS lags; Metals & Healthcare climb 1% Are you uncertain about next week? #finance #stockmarket