Rainbow Childrens Medicare Ltd Q1FY24:

Result:

1. Revenue up 21.3% YOY and down 9.4% QOQ.
2. PAT up 7% YOY and down 23% QOQ.
3. PAT margin at 14% vs 15.9% last year.
4. Insignificant other income.

Not to compare QOQ as Q1 is seasonally weak. Q2 and Q3 are the best quarters

Investor PPT and Concall:

1. No of beds increased by 10% YOY.
2. Inpatient discharge increased by 14% YOY
3. Outpatient consultation increased by 12% YOY
   8.  Average revenue per occupied bed (ARPOB) up by 14% YOY
4. Occupancy down by 5% YOY
5. Average Length of Stay (ALOS) down by 7% YOY.

Check screen shot for break up of mature and new hospitals

1. RCM's first hospital in Hyderabad was awarded Gold Seal of Quality approval by the Joint Commission International (JCI).

CAPEX:

Check SS for expansion plan FY23-FY27

1. On track with the capex plan of adding 270 beds this year. Q1 capex is Rs 187 Cr. Majority has gone in the  Gurugram land purchase (Rs 147 Cr)
2. About to commence operation in e LB Nagar spoke hospital in Hyderabad city. This includes a outpatient block and IVF clinic.
3. Brownfield in Hyd, 60 beds in Himyatnagar and 50 beds in Hydernagar will be operational by second half of this year.
4. New hospitals in Anna nagar, Chennai and Sarjapur, B'lore comprising of 80 beds each will start in Q4.
5. Hennur spoke in B'lore will take approx 15 months.
6. Construction of Spoke in AP, is doing well. Completed payment for Gurugram land. Setting up 125 beds in Coimbatore in FY25-26.

18.  EBITDA is at 30% vs 34.6% last year. Drop in EBITDA is due to high promotional cost, maintenance cost, onboarding of the senior leadership and opening of 2 units in Chennai & Hyd.
19. It will take 12-18 months for new units to have EBITDA of 20-25% or like mature hospitals.
20. Drop in occupancy this quarter is because of there are many new hospitals and it takes time for them to reach a certain level of occupancy.
21. This coupled with seasonally weak Q1. As lots of kids go out of cities for vacay. Occupancy rate for Q1 has been 40%. Last year for the whole of FY22-23 mature hospitals had occupancy of 60%.
22. Obstetrics revenue mix was 33% this quarter.
23. Due to seasonality, paediatrics and neonatal business is down. That is why occupancy has reduced.
24. On the other hand, obstetrics, gynaecology and   as  paediatrics surgery are of shorter durations. That is why ALOS has also been down significantly. Lowest the hospital has ever seen.
25. Since these surgeries, require you to stay, max 1/2 days post hospitalisation ARPOB has increased. Coupled with few transplant surgeries ARPOB has seen a boost.
26. This year international business should be 4% of overall business.
27. The tariff increase for the insurance is for the Hyderabad cluster only and the impact  on the revenue was roughly 2% and on cash business tariff increased by 5%.
28. Rs 220-225 Cr of capex next year.

Ex-date Dividend: Surya Roshni, NCC, Oil India, Neogen Chemicals, KRBL, C.E. Info Systems, Gulf Oil Lubricants India, Gujarat Ambuja Exports, Engineers India, GATI, Central Depository Services (India).
Ex-date Interim Dividend: Seamec

Ex-date Special Dividend: ABB India
Ex-date AGM: Oil India, Neogen Chemicals, KEI Industries, C.E. Info Systems, Gujarat Ambuja Exports
Ex-date Buyback: Indiamart Intermesh, Piramal Enterprises, KRBL, FDC
Record-date Dividend: Surya Roshni, NCC, KRBL, Gulf Oil Lubricants India, Engineers India, Central Depository Services (India).
Record-date Interim Dividend: Seamec.
Record-date Special Dividend: ABB India
Record-date Buyback: Indiamart Intermesh, Piramal Enterprises, KRBL, FDC
Move Into Short-Term ASM Framework: Dredging Corporation of India, Media Matrix Worldwide  Move Out Of Short-Term ASM Framework: Hindustan Construction Company, OnMobile Global.

AGMs Today3M India, Action Construction Equipment, Alkem Laboratories, Aurobindo Pharma, Borosil Renewables, CreditAccess Grameen, Grasim Industries, HPCL, IFGL Refractories, IOCL, IRCTC, Jagran Prakashan, Kovai Medical Centre & Hospital, Mangalore Refinery & Petrochemicals, Info Edge (India), Sirca Paints India, and Somany Ceramics

Who's Meeting Whom
Gokaldas Exports: To meet investors on Aug. 29 and Aug. 30.
Power Mech Projects: To meet investors and analysts from Aug. 29 to Sept. 7.

F&O Cues  Nifty August futures ended at 19,390.00, a discount of 40.90 points.
  Nifty August futures fell 2.25%, with 4,387 shares in open interest.
  Nifty Bank August futures ended at 44,525.00, a premium of 5.55 points.
  Nifty Bank August futures fell 14.14% with 17,315 shares in open interest.
Securities in the ban period: Bharat Heavy Electricals, Indiabulls Housing Finance, Delta Corp., GMR Airports Infrastructure, India Cements, Gujarat Narmada Valley Fertilisers and Chemicals, Hindustan Copper, Punjab National Bank, Manappuram Finance, Metropolis Healthcare.

**Stocks To Watch: Reliance, Shoppers Stop, Airtel, Granules, BEL In Focus

Bharat Electronics:** The Ministry of Defence has granted 'Acceptance of Necessity' for the procurement and installation of an electronic warfare suite on Mi-17 V5 helicopters. The EW suite will be procured from BEL.

Bharti Airtel: The telecom giant gained 14.1 lakh mobile users during June and ended the month with a wireless subscriber base of 37.4 crore, according to TRAI data.

Vodafone Idea: The company lost 12.9 lakh subscribers in the wireless category as its mobile subscriber base shrank to 22.9 crore, according to TRAI data.

Reliance Industries, EIH: RIL and Oberoi Hotels and Resorts will jointly manage three properties across India and the UK. Properties include Anant Vilas in Mumbai, Stoke Park in the UK, and a new project in Gujarat. Reliance Jio added the maximum number of mobile subscribers at about 22.7 lakh, taking its wireless subscriber tally to 43.9 crore users in June, according to TRAI data.
Shoppers Stop: The company's MD and CEO, Venu Nair, has resigned effective Aug. 31 due to personal reasons. Homestop chief Kavindra Mishra has been promoted as executive director and CEO for a period of three years, effective Sept. 1.

DB Realty: The company sold its entire stake in unit Royal Netra Constructions for Rs 2.55 crore to Man Infraconstruction and Platinumcorp Constructions.

Garden Reach: The company signed an MoU with DEMPO Group, Goa, to launch a collaboration model to build commercial vessels in their shipyards in Goa and Bhavnagar, Gujarat.

Astra Microwave Products: The company got orders worth Rs 158 crore from ISRO, DRDO, and DPSU for the supply of satellite sub-systems, airborne radar, sub-systems of radar, and EW projects.

Granules India: The drugmaker received approval from the Brazilian Health Regulatory Agency (ANVISA) for compliance with the guidelines of Good Manufacturing Practices for its Bonthapally API facility, Hyderabad, and an Accreditation Certificate of Foreign Drug Manufacturer from the Pharmaceuticals and Medical Devices Agency (PMDA), Japan, for its Jeedimetla API facility, Hyderabad.

Mankind Pharma: The board approved the incorporation of a wholly owned subsidiary, Mankind Medicare, with an authorised capital of Rs 5 crore. The subsidiary will manufacture and produce various types of pharmaceutical dosage forms and consumer healthcare products.

PL Industries: Bromine leakage from a bromine storage tank at the Jambusar site in Gujarat was quickly contained, and all employees are safe. It reported an insignificant loss on account of the minor leakage.

KPI Green Energy: The company received commissioning certificates from the Gujarat Energy Development Agency for a 4.10 MW wind-solar hybrid power project at the Samoj site in Jambusar, Gujarat.

Aditya Birla Capital: Aditya Birla Sun Life AMC has ceased to be the material subsidiary of the company after dilution of its stake to less than 50%.

Prakash Industries: The company received the Environment Ministry's approval for the Bhaskarpara coal mine in Chhattisgarh, which will reduce costs and boost revenue through the open market sale of coal.

SKF India: The company has acquired a 26% stake in Cleanmax Taiyo.

Coforge: Promoter HULST B.V. sold its entire stake, i.e., 26.63%, on Thursday.

Kaynes Technology: The company entered into an MoU with the Government of Karnataka for Rs 3,750 crore to setup a semiconductor assembly and testing facility and a printed circuit board manufacturing plant through its step-down subsidiaries.

GlaxoSmithKline Pharmaceuticals: The drugmaker has reported contingent liabilities of Rs 350 crore on account of ongoing litigation.

Syrma SGS Technology: The company has appointed Satendra Singh as CEO with immediate effect.

eMudhra: The board has approved raising Rs 250 crore via any instrument.

Monte Carlo Fashions: The company increased its investment in wholly owned subsidiary Monte Carlo Home Textiles by Rs 2 crore to Rs 15.7 crore.

ADF Foods: The company set Sept.

GM,

Asia-Pac Stocks Begin Lower Following The Weak Handover From Global Counterparts After The Nvidia Euphoria Wore Off And With Markets Bracing For Fed Chair Powell's Speech At Jackson Hole; ASX 200 (-1.2%), Nikkei 225 (-1.6%), KOSPI (-1.1%)

GIFT Nifty
The GIFT Nifty indicates a marginally positive start for the broader index with a gain of 29 points after the Nifty closed 57 points lower at 19,386 points on August 24. GIFT Nifty futures stood at 19,323 points.

Key support and resistance levels on -
Nifty
The pivot point calculator indicates that the Nifty may get support at 19,364, followed by 19,314 and 19,231. In case of an upside, 19,529 can be the key resistance, followed by 19,580 and 19,662.

Nifty Bank
On August 24, the Bank Nifty also saw selling pressure at higher levels and shed more than 400 points from the day's high to close with just 17 points gains at 44,496. The index has formed a bearish candlestick pattern with a long upper shadow on the daily charts.
The pullback rally has fizzled out around the 44,900 – 45,000 zone which coincided with the 50 percent Fibonacci retracement level and the previous swing high.
The daily and hourly momentum indicators are providing divergent signals and hence a consolidation is likely in the short term. The range of consolidation is likely to be 44,000–45,000.

FII and DII data
Foreign institutional investors (FII) bought shares worth Rs 1,524.87 crore, while domestic institutional investors (DII) purchased Rs 5,796.61 crore worth of stocks on August 24, provisional data from the National Stock Exchange (NSE) showed.

Stocks under F&O ban on NSE
The NSE has added GMR Airports Infrastructure, and RBL Bank to its F&O ban list for August 25, while retaining BHEL, Delta Corp, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, Metropolis Healthcare, and Punjab National Bank in the list. However, Escorts Kubota, and Sun TV Network were removed from the said list.

SANDHAR TECHNOLOGIES LTD - UNIT COMMISSIONED A MANUFACTURING PLANT AT MYSORE AND TRIAL RUNS ARE COMPLETED

COMMERCIAL PRODUCTION IS UNDERWAY AND EXPECTED TO GO INTO MASS PRODUCTION BY BEGINNING OF OCTOBER 2023

ISRO Moon Mission & Budgets.

Chandrayaan 1 - 386 crore - Successful.
Chandrayaan 2 - 918 crore - Failed.
Chandrayaan 3 - 615 crore - Successful.

ISRO's next moon mission is a collaboration with Japan to jointly land a Rover on moon surface.

Pragyan Rover has exited the ramp, rolled onto the moon surface at around 1:30 am IST, the rover started leaving indian imprints on the talcum powder-like lunar soil.

#OnCNBCTV18  | Liquidity is tightening now, see a shift from growth to value, the staples space looks interesting as we see volume recovery in lower-income households

It may not be advisable to chase platform stocks after the rally

Sanjay Mookim of JPMorgan to CNBC-TV18

#OnCNBCTV18 | India biz is sustaining & is broad-based, 18 divisions are operating in India. Order backlog is 29%  higher than last year

Ambition is to maintain a 10% profit margin, should be able to sustain a pricing advantage

Sanjeev Sharma , ABB India to CNBC-TV18

Manappuram Finance slips 4% after 10% equity change hands via block deal