Stock's underperformance, discount to peers expected to ease as software major catches up on revenue growth
JLR will be investing £4.5 billion each year through to 2021
Brokerages have cut net profit estimates by up to 12 % over next few years
Growth metrics expected to surpass peers; valuations on the higher side
The decision to cap management compensation and incremental subscription growth are other triggers
With capex cycle coming to an end and occupancies increasing, operating profit is expected to double over next three years
The company's focus on less cyclical segments such as spares, defence and exports is expected to improve their share to 19% of revenue over the next three years, from 16% now
The BFSI vertical, which accounts for 31% of the company's revenues, has been a laggard, pulling down the overall growth of the company over the last couple of years
The share of the company's flagship Tamil general entertainment channel continued to slide, from 44% in April to 42.4% in May and, to 40% now
However, analysts say the long-term trend for traditional retail in the organised sector remains in place, indicating that companies could grow at 12-plus per cent annually
The company is looking at further gains by using Tata Tea's distribution network and leveraging on Tata brand
Improving operating leverage will boost profitability over next 3 years
Cipla and Aurobindo among major companies whose March quarter sales in the institutional segment fell close to 50%
Operational gains will be driven by domestic business; debt reduction should add to profits
While it operated efficiently in the quarter, Idea Cellular is trailing peers on revenue and in adding customers, especially in the broadband segment
The bigger investment argument for the mid-cap IT firms is the change in demand environment, which is reflected in deal pipelines, the higher share of digital revenues and size of the contracts
While overall sales are robust, margins-which came in at 14.2 per cent-were over 150 basis points lower than analysts' estimates, given a sharp rise in other operating expenses
Lower prices, expanding market to drive same-store growth, margins
75% of revenue comes from these segments that are less affected by EVs
Automotive growth, launches to help maintain volume