Stockrabit · Analysts
Questions across 28 calls

Binay Singh

Morgan Stanley

The Indian Hotels Company Limited

The Indian Hotels Company Limited CC-Sep24.pdf · 2024-11-07
Hi, team Congratulations on a very good set of numbers.
Yes. I think this should be much better. So as we look at this October, very good to hear the commentary. But as I recall, last October, we had the World Cup in the base. And in fact, even when we look at the wedding calendar, we understand it's more November and December heavy versus last year. So could you share a little bit about what is driving this October performance? So that is the first question. The second one is on other expenses. Anything to call out over there? We've seen them typically rise in Q2, but anything else to call off, which is more specific to this Q2? And the third question is on pipeline. This time, again, we've seen that the pipeline has increased. So with that, any revision you would like to make in terms of your annual capex number or anything on that? These three questions.
The Indian Hotels Company Limited CC-Mar24.pdf · 2024-04-24
One clarification and one question. Just on clarification, on Slide 51, when we talk about 4% ARR growth, this I assume is including Gin ger Mumbai Airport, right, so which is why the number looks lower than what it was 2 quarters prior.
Yes, because that would have to extend diluted room rate growth. And secondly, just Slide 47. If you look at the Taj business, here too, we are breaking it into business, leisure and palaces. Could you, a, give us a little bit of a revenue breakdown also on these 3 segments? And question being stood at, where do yo u think you see more scope for occupancy improvement or room rate improvement among these, where do you see a pushback? And quite there's incremental opportunity to expand occupancy or room rate looks limited? So that's the second question.

InterGlobe Aviation Limited

InterGlobe Aviation Limited CC-Sep24.pdf · 2024-10-25
Just a follow-up question from the opening comments. When we look at CASK ex-fuel ex-forex, it’s up around 23%, and we basically said there are 2 reasons for it. One is aircraft grounding. The second is inflation in different line categories. Could you give us a little bit of a breakup between the 2 so that we can get a better sense on what normalized CASK ex -fuel ex-forex is? Linked to that, when we talk about inflation in categories, there is a lot of news flow on airport charges rising up, and you also talked about VAT rising up. Do you think that inflation that you see today is already built into the Q2 CASK? Or is there more to go through that? And the third point is I couldn’t catch what you said on 40 aircraft in FY’26. Is that your estimate that 40 aircraft will be grounded on average in FY’26, if I got you correctly on that.
And the 40 number that you said on AOG, that is what you are expecting starting FY’26 or that is for the whole year?

Bajaj Auto Limited

Bajaj Auto Limited CC-Sep24.pdf · 2024-10-16
Hi Team. Thanks for the opportunity and thanks for the very detailed remark. I'll actually focus on raw material to sales. When we look at that line item, it has gone up by around 130 basi s points quarter-over-quarter. In the commentary, you added that commodity net of pricing was a 25-basis hit. Is it fair to assume that the remaining 100 basis points came largely because of electric 2-wheeler?
And these number you said 9,600, is for the quarter for the entry-level Chetak?
Bajaj Auto Limited CC-Mar24.pdf · 2024-04-18
Hi team, congratulations on good set of numbers. I have two questions, 1 on EV and 1 on Egypt. Firstly, on EV, could you talk a little bit about what is the financial headwind from electric 2 - wheelers in March quarter? And how do you see that playing out in financial year '25? And when can we expect a PLI sort of incentive for Bajaj? So that is my first question.
Yes. So generally, we know that electric vehicle margins are lower than your blended margin. Also in the March quarter, we saw a lot of sales promotion , incentives, and all being given by players. So, if anything you would want to call out in terms of the margin headwind t hat is coming in from the electric 2-wheeler business?

Dr. Lal Path Labs Ltd.

Dr. Lal Path Labs Ltd. CC-Mar24.pdf · 2024-05-10
I had 3 questions. Firstly, on the industry growth and competitive intensity. Any sort of update from what you shared last call, any changes that you see there in? The second question I have is on the Suburban side. If you could talk a little bit about the growth you are seeing, and fair to believe that the initiatives you talked about sampling promotion, brand building, these are more recent. What kind of traction you expect going ahead? And lastly, the number of tests that you report in the presentation. We see a sharp drop in the tests under radiology from 1,947 to around 1,400 in this quarter. So any read-through from that?
Sorry, this is double digit as in early double-digit or high double-digit growth?

Bharat Forge Limited

Bharat Forge Limited CC-Mar24.pdf · 2024-05-08
Good to see the defense moving up. In the segmental data just on the defense side, again we see that sequentially our defense revenues have gone up, PBIT has gone down a little bit about, what is driving that?
And secondly, like just I was comparing last call to this call , 2 points over there. One is that when we last spoke in mid-February, we were talking about moderation in growth in both domestic and export. The outlook today sounds a lot more positive. So, could you comment a little bit about outside of defense? Is there any other change that you see in other businesses also a pickup or so? And secondly on CAPEX, we talked about US CAPEX, if you could also share CAPEX for India for FY25?