ICICI Pru Q3 Results Highlights
Net Profit 3.06B Rupees Vs 3.02B (YoY): Est 4.4B
Revenue 89.71B Rupees Vs 81.31B (YoY)
APE stood at Rs 1,666 crore, showing a (YoY) decline of 18.3 percent.
The solvency ratio stood at 226 percent as on December 31, 2020, as against the regulatory requirement of 150 percent.
Impact of result on ICICI Pru Stock
Neutral to Weak
The stock has major support around 490 and resistance around 510-515. Break and sustain above 515 will test 530 and then to 540 levels in days to come. Fresh selling will do on hourly close below 490 levels.
Hind Unilever Results Update
Net profit rises 19% to Rs 1,921 crore, below estimates; revenue climbs 20%
Net profit for the quarter ended December surged 19 percent on-year to Rs 1,921 crore,
Net profits were seen rising 28.4 percent to Rs 2,075.2 crore
Revenues climbed 20.5 percent to Rs 11,682 crore.
Revenues were expected to grow 19 percent on-year to Rs 11,647.8 crore,
Turnover growth of 20 percent from the year-ago quarter, while its domestic volume growth—excluding the contribution of GSK Consumer products—jumped 7 percent.
Analysts had expected the company to report organic volume growth of 3-5 percent in the December quarter.
The orders for the quarter soared 76 percent over the corresponding quarter of the previous year and stood at Rs 73,233 crore.
International orders during the quarter constituted 14 percent of the total order inflow.
The operating margin for the quarter stood at 24 percent, which was 90 basis points lower than the year-ago quarter, reflecting the impact of higher input costs.
Analysts had expected the company to report margins of 24.3-25.0 percent.
Our business fundamentals remain strong with 86% of our business gaining penetration,” the company said in an earnings statement.
Impact of result on Hindunilvr Stock
Flat To Negative
Immediate support 2300, Resistance 2450. Either side of the move will give next 100-150 points in respective direction.
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