Thursday, February 22, 2018

Tractor Sales Growth to Moderate in FY19

Central Statistics Office’s (CSO) advance estimates suggest gross value added of ‘agriculture, forestry and fishing’ would fall to 2.1% in FY18 (FY17: 4.9%), primarily due to the uneven spread of rainfall leading to lower kharif and rabi crop yield and affecting farmers’ cash generation. Higher delinquencies for tractor loans also show the continued stress in the agricultural sector. As around 45% of the total tractor sales are financed through organised channels, loan delinquency rightly represents the average credit profile of a farmer; which might worsen in case of inadequate monsoons in FY-2019, thus impacting the additional demand for tractors.
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Pasupati Acrylon Ltd-Quarterly Results Update Dec-2017


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Wednesday, February 21, 2018

Textile Sector ( Export Based ) : Underpeformer

Textile Sector ( Export Based ) will not perform in the 2018-2021. Avoid these. There is shifting from Malls to e-marts in foreign countries with lesser profit margin.PAT will see ~3/4% down slide.

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