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Tepid revenue growth, expect gradual ramp-up: 4Q revenues grew 10% YoY to INR8.1b, 5% below our estimates despite being a seasonally strong quarter. However, for full...
LMW numbers were above our estimates. Revenue growth at 3% was muted on account of 1% decline in Textile machinery sales. However, machine tool division as well as...
SBIN 4QFY15 PAT came in at INR37.4b (+23% YoY, in line with our estimates). Higher than expected provisioning (credit cost at 1.5%) was compensated by higher trading...