Rounaq Bakshi notes

  Larsen & Toubro is a USD 27 billion Indian multinational enterprise  The consolidated order book of the group as on June 30, 2024, is at ₹ 490,881 crore registers growth of 3% over Mar’24 and 19% y-o-y, with the share of international orders at 38%. The Company retains the focus on profitable execution of its robust order book in the backdrop of a relatively stable environment.  The Company for the quarter ended June 30, 2024, posted a Consolidated Profit After Tax (PAT) of ₹ 2,786 crore, registering growth of 12% compared to the previous year.   Further, the Company received orders worth ₹ 70,936 crore at the group level during the quarter ended June 30, 2024, registering a y-o-y growth of 8% aided by the strong ordering momentum in the Middle East.  During the quarter, orders were received across multiple segments like Offshore vertical of Hydrocarbon business, Renewables, Transmission & Distribution, Roads, Nuclear Power, Hydel & Tunnel, Fe...

  Motilal Oswal Nasdaq 100 ETF (MOFN100) The Scheme will invest in the securities which are constituents of NASDAQ-100 Index in the same proportion as in the Index. NASDAQ-100 Index has been designed by NASDAQ OMX Group, Inc. A part of the NASDAQ family of indices, 26 year old, NASDAQ-100 Index includes 100 largest domestic (U.S.) and international non-financial securities listed on The NASDAQ Stock Market based on market capitalization. The Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology. It does not contain securities of financial companies including investment companies. Includes top 100 domestic and international non-financial companies listed at NASDAQ Stock Market. Index reflects companies across computer hardware, and software, telecommunications, retail/wholesale trade and biotechnology. In order to avoid concentration, the maximum weight of any index constituent is ...

  Larsen & Toubro (L&T) opportunities worth Rs 9 trillion from project orders The management of Larsen & Toubro (L&T) on July 24 said that there are opportunities worth Rs 9 trillion from project orders that the company will look to bid for in the ongoing financial year. "As we look ahead, we see a very encouraging order prospect pipeline. And if you were to quantify that opportunity, it indicates a prospective pipeline of over Rs 9 trillion," L&T's Chief Financial Officer R Shankar Raman said. Shankar Raman , while speaking at the company's post Q1FY25 earnings conference call, said that around 60 percent of the prospective order pipeline of Rs 9 trillion will come from projects in India. The prospective order pipeline for the energy sector is about Rs 2 trillion rupees, The consolidated order book of the L&T group stood at Rs 4,90,881 crore or Rs 4.9 trillion as on June 30, 2024, with international orders having a share of 38 percent, the com...

  India's oil, gas exploration offers $100 billion opportunity: Hardeep Singh Puri Oil Minister Hardeep Singh Puri called for stepping up oil and gas hunt to cut India's reliance on imports and making available fuel at an affordable and sustainable way. Speaking at the Urja Varta conference, he said the exploration and production (E&P) sector is integral in the journey towards energy self-sufficiency, which is critical for sustained economic growth. E&P offers investment opportunities worth USD 100 billion by 2030 Stating that India's exploration and production potential still lies untapped, he said, "I find it strange that India is so heavily reliant on oil imports despite the abundant geological resources available to us." The Indian sedimentary basins hold about 651.8 million tonnes of crude oil and 1138.6 billion cubic meters of natural gas Puri said only 10 per cent of sedimentary basin area is under exploration, which will rise to 16 per cent by 2024...

  L&T Technology Services down 20% LTTS has won a first-of-its-kind program in India worth around $100 million (INR 800 Crore) from Maharashtra State Cyber Department, under the Government of Maharashtra. This initiative extends LTTS’ commitment to developing secure, digitally interconnected smart and safe cities through premier Cyber Security and Digital Forensic solutions consolidated under one umbrella. FY24 Revenue of ₹9,647 crore, up 9% YoY  FY24 Net profit of ₹1,304 crore, up 8% YoY EBIT of ₹16,474 million for the year; EBIT margin at 17.1%  Net Income of ₹13,037 million for the year, growth of 7.6%;  Net margin at 13.5%   Final Dividend of ₹33 per share; Dividend pay-out ratio (1) of 41% for the year  ROE (2) of 27% for the year

  Star Health Insurance Records PAT Growth of 37% to Rs 845 Crores in FY24  The Company has further strengthened its distribution network with an addition of 75,000 agents in FY24, taking the overall number of agents servicing customers to 7,01,000.  Star Health Insurance’s market share was up 22 bps among general insurance companies to 5.26%; while it continued to maintain its leadership in the retail health insurance sector with a 33% market share In FY’24 the Company reported a record profit of Rs 845 Cr, up 37%  An increase of 18% in Gross Written Premium (GWP) to Rs 15,254 Cr.  The Combined ratio was 96.7% in FY24