#nipponlifeindia#Q3marketupdates
Business Highlights • Dec'20
AUM 3,52,360 crore ($ 47bn)
Q3fy21 avg AUM 2,13,033 cr($ 28.4 bn), share of Equity Assets rose to 39.1% of AUM vs 38.9% Q3fy20
Dec 20, NIMF has one of the largest retail assets in the Industry, at 58642cr ($7.8 bn)
Retail assets 26% to NIMF's AUM
Dec 20, NIMF garnered AUM 38,753 cr ($ 5.2 bn) from 'Beyond the Top 30 cities' category ,forms 17.5% of NIMF's AUM vis-a-vis 16.0% for the Industry
As on Dec 20, Individual AUM was Rs. 108,182 cr ($ 14.4 bn) contributed 49% to NIMF's AUM
As of Q3fy21 NIMF is one of the largest ETF players with AUM of 33,939 cr ($ 4.5 bn) & mkt share 13%
Q3fy21 launched 2 NFOs in the passive category
As of Q3fy21 has 92 lakh investor folios, with annualised Systematic book of approx 8,000 cr ($ 1.1 bn)
As of Q3fy21 offers Category II & Category Ill Alternative Investment Funds & total commitment of approx 3,500 cr ($ 466 mn)
Geographical presence 290 location pan India
Q3 fy21 digital transactions upto over 4 lakh ,up 39% vs Q3fy20
Digital channel part 52% to new transactions
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Generic FDF
ARV,Anti-DM,CVS,PPIs,Onco
Filed 26 ANDAs with USFDA
9 final & 8 tentative approvals
Filed 12 dossiers in Canada, 9 in EU ,8 with WHO,2 in S.Africa, 2 in India
Laurus Synthesis
CDMO services for Global pharma
Steroids,hormone mftg
Speciality ingredients in Nutraceuticals,dietary,cosmetics
Commercial scale mfg,clinical phase supplies,Analytics & research
API validation plannd in Unit 5
Optalmic initiated
LSPL-API validatn planned
Q3Fy21 Highlights Revenue from ops up 20% yoy driven by 4 new launches in Q3 & increase in mkt share existing products across the three segments – API, PFI and FD
EBITDA up 29.7% yoy, +190 bps margin expansion yoy on changing product mix with higher contribution from FD and PFI , improved operational efficiencies from higher capacity utilization
PAT 147 cr up 129.4% yoy
Net Debt down 22% yoy
Net debt to EBITDA 0.7x vs. 1.4x as of Q3fy20
ROCE 32.4%, up on account of higher capacity utilization via addition of new modules & equipment with limited capital expenditure
Q3fy21 launched Ramelteon, Dexmethylphenidate HCI and Potassium Chloride ER tablets (Klor-Con), from GPI and Guaifenesin ER tablets from GIL
#unitedspirits@DiageoIndia#Q3marketupdates
Q3fy21 highlights
Net sales down 3.6%, improved qoq driven by off-trade resilience,trade recovery offset by contraction of business in Andhra Pradesh
Prestige & Above - Net sales down 0.8%
Popular segment sales down 6.7%, led by decline 5.7% in priority states Increased consumer prices, unfav state mix contributed to decline
Gross margin 44.6%, up 24bps versus Q2fy20, driven by benign commodities and continued focus on productivity during Q3
EBITDA 384 Crs, down 9.5%
EBITDA margin 15.4%, down 100bps, driven by lower fixed cost absorption, increase in admin expenses
Interest costs 38 crs, down 17% driven by reduced debts and lower interest rates PAT 230 crs
PAT margin 9.2%
Wires&cables
6% yoy growth
Distribution channel double digit growth
Institutional businesses continues 2 face headwinds
Wires > cables
Housing wires strong momentum
Export 2.9 bn,10.5% overall sales,down 33% yoy due higher Dangote base
Exc Dangote, Aus,Asia,UK 29% yoy growth
Fast moving electrical goods
Strong 41% yoy growth in total Rev back of consumer demand,distribution, product mix
FMEG mix to sales up 215bps, up 10.8% yoy
Fans took leadership in few geographies
Segment Ebit margin 5.9% in Q3 & 4.7% in 9mnths
@LTI_Global#Q3marketupdates
Conf call highlights
Seeing good traction in BFSI,Media,CPG Retail,Pharma,Mftg services
2large deal wins in Q3fy21 of $278 mn
$204mn Injazat deal in Dec 20 in UAE ,for high tech vertical, to help in cloud adoption ,best shoring ,ERP modernization
$74 mn deal with a Fortune 500 energy company
Injazat & energy deal revenues to contribute numbers from Q1fy22
Healthy margin growth of 35 bps led by higher utilization, increased offshoring, optimisation in SG&A
- wage hike in Q4 to impact numbers,160 to 170 bps
Offshore utilization due to higher growth, manag confident of maintaining onsite at past levels
Investment in SG&A ,Nordics ,data products to drive margin growth going fwd
PAT guidance of 14 to 15% going fwd
Digital business now contributes 44% to revenues, up 9.5% QoQ