@Infosys #Q3marketupdates
Consolidated financial data
Large deal signings- $7.13 bn
Digital CC growth - 31.3%
CC Growth - 6.6% yoy
Operating margin - 25.4%
Increase in EPS - 16.5% in Rupee terms
Revenues
Q3 fy20 / Q3fy21 in $ mn
Digital - 1761/1318
Core - 1755/ 3243 #stocks
Revenue in % Q3 fy21/fy20
Financial 33.1 /31.5
Hi tech 8.2/ 7.6
Life sciences 7.1 /6.7
By client geography
USA 61.6 /61.3
Europe 24 /24.4
ROW 11.8/11.5
India 2.6/2.8
Number of clients added -139
Number of mn $ clients
1mn $ - 761
10 mn $ 246
50mn $ 60
100 mn $ 29 #TCS
Voluntary attrition down from 15.8% in Q3fy20 to 10% in Q3fy21
FCF in crs
Q3fy20 - 4759
Q3fy21 - 5683
Q3 revenue up yoy by 8.4% in $ ,up 6.6% in constant currency
Digital revenues cross 50% of total revenue
Q3 margin 25.4% ,yoy up 350 bps
Opg margin 24.5% #Q3marketupdates
Fy21 revenue growth guidance increases to 4.5 - 5% in constant currency,
Operating margin guidance increases to 24 -24.5%
Further enhance its digital investments in Infosys cobalt - cloud services ,platforms & solutions portfolio launched last Qtr
#gtpl hathway investor presentation highlights #Q3marketupdates
No.2 MSO India
No.1 in Gujarat, 67% mkt share
No.6 Pvt wireline broadband player
CATV subscriber base 1.8x last 4yrs,Broadband base up 2.3x
Rev CAGR 22% last 4 yrs ,Ebidta Cagr 18%
FCF + last 4 yrs #StockMarket
Dividend paying last 4yrs ,30% dividend Fy20
Net debt 392 mn Dec 20 ,down 3511 mn last 4 yrs
Repaid debt 972 mn in last year
Total income (Incl EPC) up 12%QoQ
ISP rev up 84% you
Ebidta 4170 mn in 9Mfy21 ,up 10%
PAT 1314 mn in 9mnths, up 45%
CATV Business
Increased active & paying subscribers 50K each QoQ basis
Broadband increase 185K subscribers in 9mfy21 ,55k in Q3
Active subscribers 590K Q3
5.5% increase in ARPU
Avg data consumption per user 205 GB Dec 20,up 63% annually
#industowers
Mkt leader telecom tower space in India, 95801 towers ~16% industry ,post merger 1,70,000 towers ,29% mkt share
Rev up 5.4% QoQ 37 bn,Rental up 3.4% QoQ 23.3 bn post rise in tenancy rates ,tenancy addition, energy rev up 9% 13.8 bn ,Ebidta margin down 130bps #telecom
PAT up 4% 7.3 bn
Net tenancy up 2116 vs decrease 365 in Q1 to 176332
5g infra rollout require dense network, however 5g more asset light, faster rollout,increase profitability
WFH ,Digitization,increased data consumption will sustain growth going fwd @airtelindia@reliancejio
Tenancy addition 2116 location is highest past 13 quarters
Post merger shareholding- Airtel 36.7 ,VIL 28.2 ,Providence 3.25 ,remaining public
Energy Ebidta loss due to operator shift from fixed energy to pass through model
Tenancy addtn to remain steady post Agr case #telecom
#glandpharma
Injectable focused B2B company
Mkt includes US,Europe,India,Australia
Niche area - sterile injectables,Oncology,Opthalmic solns
Focus -complex injectables,first to file,NCE-1, 505(b)(2) filings
Chinese promoter Shanghai Fosun Pharma is a global pharma major #pharma
Fosun acquired controlling stake in gland 74% in 2017 for $1.09 bn
Gland has 267 ANDA filings in the US Mkt, 215 approved
267 filings - 191 sterile injectables, 50 oncology ,26 ophthalmic
Out of 267,101 ANDA are owned by Gland of which 71 approved
Good regulatory compliance
No #USFDA warning letter till date
7 mftng facilities - 4 finished Formulations, 3 API
API facilities 100% captive consumption
63% of Fy20 revenue of 2633 cr were from US mkt
Focus on injs with high entry barrier, limited competition, strict regulatory reqs
Rise in gold prices led to robust gold jewellery & coin sales
Smaller towns driving demand
Recovery 77% in Jun to 98% in Sep quarter
50% Tanishq stores concentrated in rural areas
Wedding season ,diwali to further boost jewellery demand #titan#Nifty#sensex#StockMarket
Reopening of stores, malls, vaccine may increase footfalls in Q3,Q4
Launched 'Gift a Titan' & new jewellery division ' Rooted from Zoya'
Launched its 1st smartwatch 'Titan connected X'
Taneira launched 1st Chennai store ,total 13 stores functional
@IndianEnergyXch
Transformation drivers 1) Decarbonization - use of solar & wind ,RE (renewable energy) 2) Decentralisation - RE a threat to centralized energy productn 3) Digitization 4) Democratization- peer 2 peer energy trading
Changing energy mix 2020/ 2022 /2030 % of contribution
Thermal 62 /53 /35
Wind 10 /12 /17
Solar 9 / 20/ 36
Hydro 12 / 10 /8
Electricity value chain 4 parts
Generation - Transmission - Distribution - Consumption
Power sector construct
Long term 90%
Short term 10%
Power markets in developed countries are in range 30 - 80% of total power demand ,India 5%
Share of exchange in total generation
2016 - 2.9 %
2021 - 5.2%
Share of ST market in total generation
2016 - 9.9%
2021 - 10.3%
Exchange mkt & ST MKT as % of total gen
2016 29.9
2021 50.2
#Dixon key beneficiary of GOI PLI scheme
Through its subsidiary Padget electronics, Dixon made 2 applications for phones costing < 15000 ,70% India mobile mkt share
Incentive of 4 to 6% under PLI subject to a cap
Total investment 200crs ,50 cr/yr till 2025 #dixontechnologies
Post expansion revenue share of mobiles to jump to 44 from 12% currently
Ramp up capacity from 3 mn today to 15-16 mn over next few yrs ,aim for revenue 28-30000 crs over next 5 yrs
In talks 3 large players
Set top boxes, delivered 5.2 lakh to jio,dish,Citi
Order book 0.3mn/mon
Dixon is both OEM Player & ODM ( original design manufacturer)
Expanding capacities in Android & Linux TV ,semi automatic and top load washing machines
Current capacity 4 mn TV sets ,30%LED Mkt,acquired new customers Samsung,Nokia,Ramos capacity to 5.5 mn #Nifty#stocks