All results declared on 22nd June 2020

All results declared on 22nd June 2020

All results declared on 22nd June 2020 #excelgiri

Good

Kirloskar Ind: sales down 15% BUT margins 16% vs 8%

AIA Engineering: good pickup in sales QoQ; margins maintained

Avadh Sugar: sales up 45%

Weak

GE Power: 2.4% margins (never understood this co)

JTEKT: sales down 23%, margins 9% vs 14.5%

 Ugly

 Kingfa Science: EBIDTA down 79%, PAT donw 95% (sales flat but huge expenses this time – other exp 26 cr vs 16.5)

Varinder Bansal

Managing Partner, Pantomath Asset Management. Ex-Corporate Editor & Head of Research, CNBC-TV18

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