Goodwill  Investor Education Initiative :  GoodWill  Eagle’s Eyes!

Titan Q1FY22 preview: Street expects revenue growth of 52.5%.  Watch this counter for medium term rewarding.

Titan – a flagship company of Tata Group with multiple jewels on its crown has been investors’ darling for long and rightly so.

Titan will report its Q1FY22 earnings numbers on August 4. For the company, the big trigger is to unlock more than the numbers because it has given a Q1FY22 update already. The stock at 67 times FY23 earnings does not have much room for disappointment.

The company has recorded revenue growth of 117 percent excluding bullion sales of Q1FY22 and revenue excluding it would be close to around Rs 2,715 crore. Importantly it would be a decline of 62 percent on a quarter-on-quarter (QoQ) basis. On a year-on-year (YoY) basis the street is working with a number of Rs 2,835 crore, a jump of 52.5 percent.

The EBITDA is expected to be around Rs 135 crore versus the loss of Rs 246 crore same time last year. Margins are seen at 4.8 percent.

Kumar Mangalam Birla steps down as Non-Executive Chairman of Vodafone Idea Board.  Be cautious on this counter.

“The Board of Directors of Vodafone Idea Limited, at its meeting held today, have accepted the request of Mr. Kumar Mangalam Birla to step down as Non-Executive Director and Non-Executive Chairman of the Board with effect from close of business hours on 4th August, 2021,” the telecom major said in a regulatory filing.

The Board has unanimously elected Himanshu Kapania, who is currently a Non-Executive Director, as the Non-Executive Chairman.

Kapania is a telecom industry veteran with 25 years of experience, including significant board experience in telecom companies globally. He has also served on the Global GSMA Board for two years and was also Chairman of the Cellular Operators Association of India (COAI) for two years.

“Further, based on the recommendation of Nomination and Remuneration Committee, the Board has appointed Sushil Agarwal, a nominee of Aditya Birla Group, as an Additional Director (Non-Executive and Non-Independent) with effect from 4 August 2021,” VIL added.

The changes come at a time when VIL is struggling to stay afloat.

Kumar Mangalam Birla had earlier written to the government that he is ready to “hand over stake” in Vodafone-Idea (Vi) to a government entity.

Birla said, in a June 7 letter to Cabinet Secretary Rajiv Gauba, that with a “sense of duty” towards 27 crore Indians connected with Vodafone Idea, he is willing to hand over his stake to the Public Sector Unit (PSU), a government entity or any domestic financial entity, or any other entity that the government may consider worthy of keeping the company as a going concern.

He had also stated that VI’s operations will be at an “irretrievable point of collapse” if it did not receive immediate and active support from the government.

For all your investment needs feel free to reach us. Give us a missed call at 90037 90027. For Support : 044-40329999

Leave a reply:

Your email address will not be published.

Site Footer