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Smartkarma Newswire

Indian Overseas Bank (IOB) Earnings Report: 1Q Net Income Surges 27% to 6.33B Rupees

By | Earnings Alerts
  • Net income for 1Q is 6.33 billion rupees, marking a 27% increase year-over-year.
  • Gross non-performing assets decreased to 2.89% from 3.1% quarter-over-quarter.
  • Operating profit stood at 16.8 billion rupees, showing a 24% year-over-year rise.
  • Provisions increased to 9.38 billion rupees, a 22% rise quarter-over-quarter.
  • Interest income reached 65.4 billion rupees, reflecting a 21% year-over-year growth.
  • Interest expense surged to 40.9 billion rupees, up by 32% year-over-year.
  • Other income climbed to 10.2 billion rupees, posting a 27% year-over-year increase.
  • Coverage ratio for non-performing loans slightly improved to 97% from 96.9% quarter-over-quarter.

A look at Indian Overseas Bank Smart Scores

FactorScoreMagnitude
Value3
Dividend1
Growth4
Resilience3
Momentum3
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Indian Overseas Bank, with a solid Growth score of 4, appears to have a promising long-term outlook. This indicates that the company is expected to experience significant growth opportunities in the future. Coupled with a Resilience score of 3, the company seems well-equipped to withstand challenges and navigate fluctuations in the market.

Although the Dividend score is lower at 1, suggesting the company may not be prioritizing dividends for its shareholders, the overall picture is balanced with a Value score of 3 and Momentum score of 3. This mix of scores implies that Indian Overseas Bank holds potential for steady value appreciation and sustainable momentum in the market.

Overall, the company’s profile as a banking entity operating numerous branches in India and abroad, offering a wide range of services including loans, deposits, and digital banking, positions it well for growth and resilience in the competitive banking industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Supreme Industries (SI) Earnings: 1Q Net Income Misses Estimates Despite 26% Y/Y Growth

By | Earnings Alerts
  • Supreme Industries reported a net income of 2.73 billion rupees for the first quarter of 2024.
  • This net income represents a 26% year-over-year increase but missed the estimate of 2.86 billion rupees.
  • Revenue for the quarter was 26.4 billion rupees, an 11% increase year-over-year but below the estimated 27.12 billion rupees.
  • Plastics Piping Products generated 18.6 billion rupees in revenue, marking a 14% increase year-over-year.
  • Industrial revenue was 3.06 billion rupees, a 2.3% increase year-over-year, but fell short of the 3.28 billion rupees estimate.
  • Packaging segment sales reached 3.68 billion rupees, up 14% year-over-year.
  • Consumer revenue declined by 7.4% year-over-year to 971.9 million rupees, missing the estimate of 1.2 billion rupees.
  • Total costs for the quarter were 23.4 billion rupees, representing a 10% increase year-over-year.
  • Raw material costs amounted to 17.8 billion rupees, a 5.3% increase year-over-year, which was significantly higher than the estimated 11.25 billion rupees.
  • Other income for the quarter was 214.4 million rupees, a substantial 51% increase year-over-year.
  • Analyst recommendations include 13 buys, 8 holds, and 5 sells.

A look at Supreme Industries Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth3
Resilience5
Momentum5
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

In light of the Smartkarma Smart Scores, Supreme Industries appears to have a positive long-term outlook. With strong ratings in resilience and momentum, the company showcases a robust ability to withstand challenges and sustain its growth trajectory. Additionally, both the dividend and growth scores indicate stable performance and potential for future expansion, contributing to a well-rounded profile for investors.

Supreme Industries Limited, a manufacturer of industrial and engineered products with diverse product lines ranging from chemicals to PVC pipes, demonstrates a balanced mix of value, growth, and income-generating capabilities. These scores suggest a favorable investment opportunity for individuals seeking a company with solid fundamentals and growth prospects in the industrial sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Galp Energia Sgps Sa (GALP) Earnings: 2Q Adjusted Net Income Surpasses Estimates with Strong Performance

By | Earnings Alerts






  • Galp’s 2Q Adjusted Net Income: Surpassed estimates, hitting EU299 million, up 16% year-on-year.
  • Adjusted EBITDA: Reached EU849 million, a 7.3% drop year-on-year but exceeded the estimate of EU813.5 million.
  • Upstream Adjusted EBITDA: Noted a slight increase of 1.7% year-on-year, standing at EU531 million, though it fell short of the EU566.4 million estimate.
  • Industrial and Midstream Adjusted EBITDA: Declined by 22% year-on-year to EU226 million, yet it exceeded the EU167.2 million estimate.
  • Adjusted EBIT: Rose by 2.6% year-on-year to EU660 million, surpassing the estimate of EU579.1 million.
  • Upstream Adjusted Operating Profit: Increased by 5.9% year-on-year to EU429 million, slightly above the EU422.8 million estimate.
  • Industrial and Midstream Adjusted EBIT: Declined by 12% year-on-year to EU191 million, but it comfortably exceeded the EU108.3 million estimate.
  • Revenue: Grew by 14% year-on-year, reaching EU5.72 billion, outperforming the EU4.96 billion estimate.
  • Net Debt: Reduced by 15% year-on-year to EU1.16 billion, ahead of the EU2.02 billion estimate.
  • Full-Year 2024 RCA EBITDA Forecast: Now expected to exceed EU3.1 billion, revising the previous guidance of about EU3.1 billion.
  • Net Capex Guidance: Maintained at about EU1 billion annually for 2023-2025.
  • 2024 Refining Margin Assumption: Kept at around $8/BOE.
  • Dividend Proposal: Board to propose a €0.56/share dividend for the 2024 fiscal year with an interim dividend of €0.28/share to be paid in August 2024.
  • Decarbonisation Targets: Currently being reassessed in light of Mopane discoveries in Namibia and the slow pace of renewable developments.
  • 2024 Working Interest Production: Expected to exceed 105 kboepd.
  • Refining Operations: No significant stoppages planned for the second half of 2024.
  • Solar Capacity: Additional 100 megawatts of solar capacity anticipated to be installed by the end of 2024.
  • Namibia Operations: Secured necessary equipment and services for the next well, expected in the fourth quarter of 2024.
  • Market Consensus: 9 buys, 13 holds, and 2 sells.



A look at Galp Energia Sgps Sa Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth5
Resilience4
Momentum5
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Galp Energia Sgps Sa, an integrated energy company with diverse operations across the globe, is set for a promising long-term future according to Smartkarma Smart Scores. With a solid Growth score of 5 and impressive Momentum score of 5, the company is positioned for expansion and sustained positive performance. Additionally, Galp Energia Sgps Sa demonstrates strong Resilience with a score of 4, indicating its ability to weather market uncertainties and challenges.

While the Value and Dividend scores for Galp Energia Sgps Sa are moderate at 2, the company’s overall outlook appears favorable, driven by its robust Growth, Resilience, and Momentum scores. Operating in key regions such as the South Atlantic, including Brazil and Mozambique, coupled with downstream activities in Iberia, Galp Energia Sgps Sa is strategically positioned for continued growth and success in the energy sector.

Summary: Galp Energia Sgps Sa is an integrated energy company with a focus on various regions, including the South Atlantic and Iberia, engaging in activities such as Refining & Marketing and Gas & Power businesses. The company’s positive Smartkarma Smart Scores in Growth, Resilience, and Momentum indicate a promising future outlook.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Nippon Yusen Kk (9101) Earnings: FY Operating Income Forecast Boosts and Beats Estimates

By | Earnings Alerts
  • Nippon Yusen has increased its forecast for operating income to 215.00 billion yen.
  • The previous operating income forecast was 165.00 billion yen, and analysts estimated 182.16 billion yen.
  • The new net income forecast is 390.00 billion yen.
  • Previously, the net income forecast was 245.00 billion yen, with an analyst estimate of 314.22 billion yen.
  • Net sales are now expected to be 2.57 trillion yen.
  • The previous net sales forecast was 2.29 trillion yen, and analysts estimated 2.36 trillion yen.
  • Analyst recommendations include 3 buys, 7 holds, and 1 sell.

Nippon Yusen Kk on Smartkarma

Analysts on Smartkarma, such as Travis Lundy, are closely monitoring Nippon Yusen Kk (9101) following the company’s recent announcements. In a bullish stance, Lundy’s report titled “Nippon Yusen (9101) – Another Big Buyback Announced, But Details Matter” highlights the company’s latest earnings, guidance, dividend increase, and a new buyback plan. While the stock initially reacted positively, the report emphasizes the importance of scrutinizing the specifics of the buyback, which may not be as substantial as it appears at first glance. The analyst notes previous buyback adjustments and the recent announcement of an additional Β₯100bn buyback through April 2025, alongside earnings and guidance updates.

This analysis sheds light on investor sentiment towards Nippon Yusen Kk, indicating a cautious optimism despite lower guidance compared to market expectations. The stock saw a 5% increase following the recent developments, although the impact was less significant than in 2023. Travis Lundy‘s insights delve into the implications of the buyback strategy and potential cross-holder considerations, offering valuable guidance to investors navigating the nuances of Nippon Yusen’s financial moves and market reactions.


A look at Nippon Yusen Kk Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth4
Resilience3
Momentum5
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, Nippon Yusen Kk is poised for a positive long-term outlook. With strong scores across key factors including Value, Dividend, and Growth at 4, and Momentum at a high 5, the company shows promise in various aspects. Nippon Yusen Kk‘s focus on providing marine transportation services from international hub ports to both domestic and international destinations positions it well in the industry.

Nippon Yusen Kk‘s business model, mainly centered around marine transportation services and logistics solutions, sets a solid foundation for its future growth. The company’s Resilience score of 3 suggests a level of stability amidst market fluctuations. Combined with its strong performance in Dividend and Momentum, Nippon Yusen Kk appears to be well-equipped to thrive in the long run, offering scheduled and unscheduled transportation services worldwide.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Vietnam Technological & Commer (TCB) Earnings Surge: 1H Pretax Profit Rises 38% Y/Y to 15.6T Dong

By | Earnings Alerts
  • Pretax profit for Techcombank in the first half of 2024 was 15.6 trillion dong, an increase of 38% year-on-year.
  • Total assets reached 908.3 trillion dong by mid-year, marking a 6.9% rise compared to the end of the previous year.
  • Net interest income grew by 40% year-on-year to 18 trillion dong in the first half of 2024.
  • Total operating income for the first half of 2024 increased by 38% year-on-year to 25.7 trillion dong.
  • The CASA (Current Account Savings Account) ratio stood at 37.4% compared to 40.5% in the first quarter, but was up 35% from the same period last year.
  • CASA balance remained at an all-time high of over 180 trillion dong.
  • Capital adequacy ratio (CAR) improved to 14.5% as of June 30, 2024.
  • Analyst ratings include 9 buys, 6 holds, and no sells.

A look at Vietnam Technological & Commer Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth4
Resilience2
Momentum3
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores provided, Vietnam Technological & Commer shows a promising long-term outlook. With a strong emphasis on growth and value, the company appears well-positioned for future success. The growth score of 4 indicates a positive trajectory for the company, supported by a solid value score of 3. This suggests that Vietnam Technological & Commer is focused on expanding its operations while maintaining a good financial standing.

Although the dividend and resilience scores are lower, indicating room for improvement in these areas, the momentum score of 3 implies that the company has positive momentum in its operations. Overall, Vietnam Technological & Commer, also known as Techcombank, is a banking institution in Vietnam that offers a range of financial services to individuals, corporates, and government sectors. With a blend of growth, value, and momentum, the company appears to have a bright future ahead.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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South32 Ltd (S32) Earnings: Metallurgical Coal Production Hits 1.27M Tons in 4Q

By | Earnings Alerts
  • Metallurgical coal production reached 1.27 million tons in Q4 2024.
  • Alumina production was 1.25 million tons in Q4 2024.
  • Aluminum production amounted to 285,000 tons in Q4 2024.
  • Manganese ore production stood at 534,000 wet metric tons (wmt) in Q4 2024.
  • Payable nickel output was 11,500 tons in Q4 2024.
  • Payable silver production totaled 3.22 million ounces in Q4 2024.
  • Payable lead production was 28,800 tons in Q4 2024.
  • Payable zinc production recorded at 17,400 tons in Q4 2024.
  • For the year 2024, alumina production totaled 5.06 million tons.
  • Yearly metallurgical coal production was 4.31 million tons.
  • Manganese ore yearly production was 4.50 million wmt.
  • Annual aluminum production was 1.14 million tons.
  • Yearly payable nickel output amounted to 40,600 tons.
  • Annual payable silver production totaled 13.27 million ounces.
  • Yearly payable lead production reached 112,400 tons.
  • Annual payable zinc production was 60,700 tons.
  • Illawarra’s total coal sales for the year amounted to 4.87 million tons.
  • Analyst recommendations: 12 buys, 6 holds, and 2 sells.

A look at South32 Ltd Smart Scores

FactorScoreMagnitude
Value4
Dividend2
Growth2
Resilience3
Momentum4
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

South32 Ltd, a diversified metals and mining company, is showing a promising long-term outlook based on its Smartkarma Smart Scores. With strong ratings in value and momentum, the company appears to be well-positioned for potential growth and solid performance. Although its dividend and growth scores are moderate, South32’s resilience score indicates stability and adaptability in the face of market challenges. Operating globally, South32 produces a range of metals including alumina, aluminum, coal, and more, bolstering its presence in the industry.

Overall, South32 Ltd‘s Smartkarma Smart Scores suggest a favorable outlook for the company, with a solid emphasis on value and momentum. While there are areas for potential improvement such as dividend and growth scores, South32’s resilience score underscores its ability to navigate market uncertainties effectively. As a diversified metals and mining firm with a global reach, South32’s diverse production portfolio positions it well for long-term success and growth in the industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Sunny Optical Technology Group (2382) Earnings Soar: Preliminary 1H Net Income Jumps 140%-150% Y/Y

By | Earnings Alerts
  • Preliminary net income for Sunny Optical in the first half of 2024 is between 1.05 billion yuan and 1.09 billion yuan.
  • This reflects a year-on-year increase of approximately 140% to 150%.
  • The recovery of the smartphone market contributed significantly to this growth.
  • Improvement in the product mix also played a vital role.
  • There was an increase in the shipment volume of handset lens sets and handset camera modules.
  • The average selling prices of these products increased.
  • Gross margins improved, further boosting net income.
  • Analyst ratings: 34 buys, 7 holds, and 0 sells.

Sunny Optical Technology Group on Smartkarma

Analyst coverage on Sunny Optical Technology Group on Smartkarma highlights insights from top independent analysts Trung Nguyen and Leonard Law, CFA. Trung Nguyen‘s bullish sentiment, as shown in the “Sunny Optical – Earnings Flash – FY 2023 Results” report, discusses the company’s FY 2023 numbers, which met expectations despite a 4.6% y-o-y revenue decline to CNY 31.7 bn. The report emphasizes a positive outlook for the industry as Sunny Optical marks continued growth in smartphone market shipments, with expectations of revenue and earnings growth in FY 2024.

Leonard Law, CFA, shares a bullish sentiment in the “Morning Views Asia: Sunny Optical Technology Group” report, which offers fundamental credit analysis and trade recommendations. The report provides a comprehensive analysis of key company-specific developments for Sunny Optical Technology Group, further supporting a positive outlook for the company’s performance going forward. Both analysts highlight the potential for growth and stability in Sunny Optical’s future operations.


A look at Sunny Optical Technology Group Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth2
Resilience4
Momentum2
OVERALL SMART SCORE2.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Sunny Optical Technology Group demonstrates a promising long-term outlook. The company scores particularly well in resilience, which indicates its ability to withstand market challenges and maintain stability. Additionally, its value score suggests that it is reasonably priced relative to its intrinsic worth. However, there is room for improvement in areas such as dividend payout, growth potential, and momentum, which may impact its overall performance.

Sunny Optical Technology Group Co., Limited is a company that specializes in designing and manufacturing optical and related products. Their product range includes glass/plastic lenses, prisms, mobile phone camera modules, microscopes, surveying instruments, and other analytical tools. With a solid resilience score, the company appears well-positioned to navigate through uncertainties and maintain its market position in the long term.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Pharmaron Beijing (300759) Earnings: 1H Net Income Surges by 34% to 45%

By | Earnings Alerts
  • Pharmaron’s preliminary net income for the first half of 2024 increased by 34% to 45%.
  • The preliminary net income range is between 1.06 billion yuan and 1.14 billion yuan.
  • This outperforms the analyst estimates, which averaged at 600.5 million yuan.
  • Preliminary revenue figures are between 5.47 billion yuan and 5.64 billion yuan.
  • These revenue figures are slightly below the analyst estimate of 5.69 billion yuan.
  • Analyst recommendations for Pharmaron include 24 “buys,” 2 “holds,” and 3 “sells.”

A look at Pharmaron Beijing Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth4
Resilience3
Momentum4
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Pharmaron Beijing, a company based in China, has received encouraging Smart Scores in various key areas. With a solid Growth score of 4 and Momentum score of 4, the company is showing promising signs for its future performance. This indicates that Pharmaron Beijing is positioned for potential growth and has strong positive momentum in the market.

Furthermore, Pharmaron Beijing also demonstrates resilience with a score of 3, suggesting that the company has the ability to withstand challenges and maintain stability. Although its Value score is moderate at 2 and Dividend score at 3, the company’s focus on growth and momentum bodes well for its long-term outlook in the industry.

### Pharmaron Beijing Co., Ltd. engages in discovery, development, and manufacturing spectrum for small molecule drugs, cell therapies, and gene therapies as well as providing testing services for medical devices and clinic research. The Company offers laboratory, clinical development, chemistry manufactory and control, and other services. Pharmaron Beijing conducts businesses based in China. ###


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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HDFC Bank (HDFCB) Earnings: 1Q Net Income Surges 35%, Exceeds Estimates

By | Earnings Alerts
  • HDFC Bank‘s net income for 1Q24 is 161.7 billion rupees, up 35% year-over-year (y/y), beating the estimate of 156.52 billion rupees.
  • Gross non-performing assets stand at 1.33%, slightly higher than the previous quarter’s 1.24%.
  • Provisions have significantly reduced to 26 billion rupees, down 81% quarter-over-quarter (q/q), better than the estimated 31.87 billion rupees.
  • Operating profit hit 238.8 billion rupees, marking a 27% increase y/y, narrowly surpassing the estimated 237.77 billion rupees.
  • Interest income surged by 50% y/y to 730.3 billion rupees, slightly above the estimate of 728.77 billion rupees.
  • Interest expense increased by 73% y/y to 432 billion rupees.
  • Other income totaled 106.7 billion rupees, up 16% y/y but below the estimated 113.48 billion rupees.
  • Operating expenses rose by 18% y/y to 166.2 billion rupees, lower than the estimated 172.36 billion rupees.
  • Tax expenses were 51.1 billion rupees, a 29% increase y/y, slightly exceeding the estimate of 50.85 billion rupees.
  • The bank holds strong support with 41 buys, 6 holds, and zero sell ratings from analysts.

HDFC Bank on Smartkarma



Analyst coverage of HDFC Bank on Smartkarma shows a variety of sentiments from different analysts. Value Investors Club‘s article from three months ago highlighted a decline in HDFC Bank‘s stock price following a merger with Housing Development Finance Company, despite the potential cross-selling opportunities it offers. On the positive side, Daniel Tabbush‘s research points out the stability and growth of HDFC Bank, emphasizing ongoing profit strength and the potential benefits of a recent acquisition. Another bullish view comes from Brian Freitas, who noted an increase in foreign room for HDFC Bank, leading to potential stock buying of over US$5 billion by the end of August. Despite short-term headwinds, Ankit Agrawal, CFA, remains optimistic about HDFC Bank‘s attractive growth prospects in the medium to long term.

However, not all analysts share the same bullish sentiment. Raj S, CA, CFA, took a bearish stance on HDFC Bank, citing that the negatives of the recent merger with HDFC Ltd outweigh the positives in the near term. Despite being a long-term believer in HDFC Bank‘s potential as a compounder, Raj S expects a further 20% correction in valuations in the short term. This mix of views on HDFC Bank‘s outlook reflects the complexity of the market and the various factors influencing the stock’s performance.



A look at HDFC Bank Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth3
Resilience2
Momentum3
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, HDFC Bank is positioned favorably for long-term success. With a high Dividend score of 5, investors can expect reliable returns through dividends. Additionally, the solid Value score of 4 indicates that the bank is considered to be trading at an attractive valuation relative to its fundamentals. While Growth and Momentum scores are moderate at 3, showing potential for expansion and consistent performance, the Resilience score of 2 suggests a need for some improvement in handling economic uncertainties.

HDFC Bank Ltd., known for its diverse range of services in corporate banking, custodial services, treasury, and capital markets, is well-regarded for its financial stability. The company also excels in providing project advisory services and various capital market products. Overall, with strong dividend payouts and a solid value proposition, HDFC Bank‘s outlook appears promising for investors seeking steady growth and income over the long term.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Kotak Mahindra Bank (KMB) Earnings Soar 81% in 1Q, Net Income Far Exceeds Estimates at 62.5 Billion Rupees

By | Earnings Alerts
  • Net income for Kotak Mahindra in Q1 2024 was 62.5 billion rupees, beating estimates.
  • Year-over-year net income growth reached an impressive 81%.
  • Market estimates had predicted a net income of 37.6 billion rupees.
  • Gross non-performing assets remained stable at 1.39% compared to the previous quarter.
  • Market had estimated lower gross non-performing assets at 1.34%.
  • Provisions for the quarter increased to 5.78 billion rupees from 2.64 billion rupees in the previous quarter.
  • Current market analyst recommendations are 28 buys, 9 holds, and 5 sells.

Kotak Mahindra Bank on Smartkarma

Analyst coverage of Kotak Mahindra Bank on Smartkarma includes a bearish insight from Nimish Maheshwari. In his report titled “Why RBI’s Favourite Enemy Kotak Bank Is Barred from Digital Banking Business?“, Maheshwari delves into the RBI’s recent actions against the bank. The analysis not only explores the causes and implications of RBI’s restrictions on Kotak Bank’s digital and credit card businesses but also highlights potential impacts on the bank’s overall business, valuations, and earnings. Maheshwari suggests that while the immediate financial impact may be limited to a maximum of -10% on earnings, the more significant concern is the reputational damage that could erode the premium valuations the bank once enjoyed. Despite these challenges, the report points out a path forward for Kotak Bank towards moderate growth.


A look at Kotak Mahindra Bank Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth3
Resilience4
Momentum3
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts at Smartkarma have assessed Kotak Mahindra Bank‘s long-term outlook based on various factors. The bank scored a 3 for Value, indicating a moderate valuation compared to its peers. In terms of Dividend, Kotak Mahindra Bank received a score of 2, suggesting a lower emphasis on dividend payouts. Growth potential was rated at 3, implying steady but not exceptional growth prospects. The bank demonstrated strong Resilience with a score of 4, indicating a robust capability to withstand market challenges. Lastly, Momentum was rated at 3, reflecting a stable but not rapidly increasing market performance.

Kotak Mahindra Bank Limited is a full-service commercial bank catering to a diverse range of clients in India. Offering a comprehensive suite of financial products and services, including personal, commercial, and corporate banking, the bank facilitates deposit accounts, loans, and investment opportunities. With its emphasis on customer service and a wide array of offerings, Kotak Mahindra Bank remains a key player in the Indian banking sector, poised for steady growth and maintaining a solid position in the market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

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