Mark To Market Results

Q3 2019 :RESULT UPDATE-1

The India Inc sample of 2471 companies registered a net sale increase of 17.8% and a fall of 33% in net profit, after the setback by Tata Motors.Which when adjusted resulted in a fall of 7.4% after showing a double digit growth in previous two quaters.

Main reasons for drag down being
Automobile sector - reducing demand, currency fluctuation, high cost
Cement- moderating growth and reducing prices
Metal-falling prices globally

Coupled with rising volumes of consumer goods, indicating demand in rural and urban areas.

Company Name	Industry	Margin % Change (YOY)	Sales % Change (YOY)	Explanation for massive change
Bajaj Auto Ltd.	Automobile Two & Three Wheelers	15.70%	16.50%	Volume growth of 27.5% in domestic and 23.5% in export. With Price cut.
Tata Motors Ltd.	Automobiles-Trucks/Lcv	-20.00%	5.00%	Loss was due to non cash write off of Rs 27,833 crore for JLR.( contribute 72% to total sales) Volume rose by 1% in domestic market and fell by 4.4% in JLR.

ICICI Bank Ltd.	Bank - Private	-2.75%	20.25%	Net NPA fell to 2.58 from 3.56%.Provision rose by 19% YOY. Domestic loan grew by 22%.With term deposit growth of 20%
Kotak Mahindra Bank Ltd.	Bank - Private	27.00%	23.00%	Net NPA fell to 0.81% from 0.71%.Provision decreased by 86%
HDFC Bank Ltd.	Bank - Private	20.30%	21.90%	Net NPA fell to 0.42% from 0.40%.Provision rose by 63%

ITC Ltd.	Tobacco/FMCG	15.00%	13.70%	Highest growth in agriculture revenue by 26%.Followed by paper industry by 20%

Titan Company Ltd.	Diamond & Jewellery	35.07%	34.00%	With Jewellery segment contributing 80% of sales. Sales of eyewear soared 387%

Larsen & Toubro Ltd.	Engineering - Construction	37.00%	24.00%	16% rise in international orders, with consolidated books up by 5%

Bajaj Finserv Ltd.	Finance - Investment	16.00%	39.00%	Premium income from Insurance rose by 26% while claim declined by 7.8%

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