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Stock market essentials: Q3 results, stocks in news, corporate & policy action on January 24
Photo : ANI
Global Cues
US manufacturing, Composite PMI
Eurozone manufacuting PMI
Global Earnings
Microsoft, General Electric, Johnson & Johnson, Texas Instruments, Verizon Comm
India Earnings
Nifty: Maruti Suzuki
Other important earnings results today: HDFC AMC, United Spirits, Pidilite Industries, Tata Coffee, Colgate, Sona BLW, TVS Motors, Supreme Industries, Macrotech Developers, Kaveri Seeds, Home First Finance, Granules, Nazara Tech, SBI Cards & Payment, UCO Bank, Strides Pharma, Indus Towers
Others: Latent View, Tatva Chintan, Quick Heal, Motilal Oswal Financial services, Chalet Hotels, PNB Housing Finance, Laxmi Organics
Corporate Action
Som Distilleries to meet to discuss fund raising plans
Other Events
ECB President Lagarde address
India, Egypt to hold dialogue on defence ties during President Abdel Fattah El-Sisi’s visit
Government
India top court to hear a case on halting implementation of WhatsApp’s data sharing policy
NCLT to hear on progress of Future Retail’s insolvency resolution process
2.15 pm: Education & Skill Development Minister Dharmendra Pradhan to hold a press conference on the upcoming edition of Pariksha Pe Charcha – 2023
4 pm: Prime Minister Narendra Modi will interact with Pradhan Mantri Rashtriya Bal Puraskar awardees at his residence
6 pm: India federal cabinet is likely to meet
Coprorate events:
11am: Shoppers Stop hosts conference call on 3Q FY23 earnings
2:30 pm; Tata Communications hosts conference call on 3Q FY23 earnings
4p m: SBI Cards hosts conference call on 3Q FY23 earnings
4:30 pm: Chalet Hotels hosts conference call on 3Q FY23 earnings
5 pm: Granules India hosts conference call on 3Q FY23 earnings
5 pm: TVS Motor Co. host conference call on 3Q FY23 earnings
5:30 pm: PNB Housing Finance hosts conference call on 3Q FY23 earnings
6 pm: Maruti Suzuki India hosts conference call on 3Q FY23 results
Easy Trip Planners to consider the proposal of acquisition
Oil & Gas Updates
Brent Crude at $88/bbl Vs $87/bbl
Singapore GRM at $10.6/bbl Vs $10.7/bbl
Asia Spot Gas prices at $23.2/mmBtu Vs $22.8/mmBtu
FII/DII Data:
FIIs net SOLD Rs 219.87 cr worth shares on Jan 23 (prov)
DIIs net BOUGHT Rs 434.96 cr worth shares on Jan 23
FII F&O Cash Data:
Index futures net buy Rs 858 cr
Index options net buy Rs 6359 cr
Stock futures net buy Rs 2239 cr
Stock options net sell Rs 74 cr
Total FII net buys 9418 cr in F&O
F&O Ban:
Delta Corp, L&T Housing Finance Addition: PVR
Bulk/Block Deal
Hariom Pipes
PARTH INFIN BROKERS bought 1.14 lk shares @ 397.75/share
Infibeam Avenues
GROW WELL INVESTMENTS bought 1 lakh shares @ 17.68/share
HRTI PRIVATE LIMITED bought 3.9 lakh shares @ 17.7/share
Earnings
Gland Pharma
Revenue declined by 12% YoY at Rs. 938 Cr
EBITDA down by 17% YoY at Rs. 290 Cr
EBITDA margin at 30.9% vs 33% YoY
Challenging business environment, supply chain disruptions leading to production delays impacted performance
Completed signing the share purchase agreement for the proposed acquisition of Cenexi.
India market witnessed sequential recovery of business due to normalization of Insulin production line.
Adding new capabilities of Combi-line for Microsphere, additional Bag line and lyos in Pashamylaram facility
Will be earmarking capital for further building on its Biosimilar CDMO facility.
Axis Bank
Net Interest Income (NII) grew 32% YOY and 11% QOQ to `11,459 crores.
Net interest margin (NIM) for Q3FY23 stood at 4.26%, up 73 bps YOY and 30 bps QOQ.
Provisions at 1438cr vs 550cr QOQ
PAT at 5853CR vs 3614Cr
GNPA at 2.38% vs 2.50% QoQ
NNPA at 0.47% vs 0.51% QoQ
CASA grew 10% YOY and 4% QOQ, CASA ratio stood at 44%, up 18 bps YOY & 48 bps QOQ
PAT driven by strong NII growth, higher fees and moderation in operating expenses
Poonawalla Fincorp
Standalone Rev at Rs. 460 Cr vs 367 Cr, up 25% YoY
Standalone PAT at 150 Cr vs 80 Cr, up 87% YoY
Jammu & Kashmir Bank
PAT at 311.6Cr vs 174Cr YoY
GNPA at 7.25% vs 7.67% QoQ
NNPA at 2.08% vs 2.10%
NII at Rs. 1257 Cr vs 993 Cr YoY
Approved the issuance and allotment of upto Seven Crore equity shares of face value of Re.1/- each (aggregating upto Rs 300 crores)
Butterfly Gandhimathi
Revenue flat at Rs. 248 Cr vs 246 Cr YoY
EBITDA up 9% YoY at Rs. 22 Cr vs 20 Cr YoY
PAT at Rs. 11.7 Cr up 28.7% YoY
EBITDA margin at 8.7% vs 8.01% YoY
Jindal Stainless Steel (Hisar)
Revenue at Rs. 4285 cr vs Rs. 4173 cr, up2.7% YoY
EBITDA at Rs. 367 cr vs Rs. 569 cr, down 35.5% YoY
PAT at Rs. 343 cr vs Rs. 515 cr, down 33.4% YoY
EBITDA Margin at 8.6% vs 13.6%, down 507 bps YoY
IIFL Securities Ltd
Standalone Rev at Rs. 314 Cr vs 266 Cr, up 18% YoY
Standalone PAT at Rs. 66 Cr, vs 62 Cr up 6.5% YoY
Board declared an interim dividend of Rs. 3/- per equity share
Amber Enterprise
Revenue at Rs. 1348 Cr vs 974 Cr, up 38% YoY
EBITDA at 78 Cr vs 73 Cr, up 6.6% YoY
PAT at Rs. 15 Cr vs 32 Cr, down 54% YoY
EBITDA margin at 5.8% vs 7.5% YoY
Prudent Corporate Advisory
Standalone Rev at Rs. 138 Cr vs 111 Cr YoY
PAT at 20 Cr vs 17 Cr YoY
Jindal Drilling
Cons Rev at Rs. 138 Cr vs Rs. 116 Cr YoY
PAT at Rs. 9 Cr vs 2 Cr YoY
KEI Industries
Cons Rev at Rs. 1784 Cr vs Rs. 1564 Cr, up 14% YoY
EBITDA at Rs. 182 Cr vs Rs. 157 Cr, up 15.5% YoY
PAT at Rs. 128 Cr vs 101 Cr, up 26.7% YoY
EBITDA margin at 10.2% vs 10.08% YoY
3rd day of February, 2023 as the ‘record date’ for determining the shareholders entitled to receive the interim dividend for the financial year 2022-23
Shopper Stop
Cons Revenue at Rs. 1137 Cr vs 958 Cr YoY
Cons PAT at Rs. 63 Cr vs 77 Cr YoY
EBITDA at Rs. 212 Cr vs 163 Cr YoY
EBITDA margin at 18.6% vs 17% YoY
Container Corp (CONCOR)
Cons Rev at 2004Cr vs 1938Cr YoY
PAT at 288Cr vs 276Cr YoY
EBITDA at 431Cr vs 461Cr YoY
Margins at 21.5% vs 23.7% YoY
Triveni Turbine
Cons Rev at Rs. 326 Cr vs 225 Cr YoY
PAT at Rs. 53 Cr vs 36 Cr YoY
EBITDA at Rs. 63 Cr vs 45 Cr YoY, up 39%
EBITDA margin at 19.3% vs 20.1%
Highest ever quarterly order booking of ₹ 4.2 billion during Q3 FY 23
HFCL
Revenue at Rs. 1085 cr vs Rs. 1215 cr, down-10.7% YoY
EBITDA at Rs. 187 cr vs Rs. 171 cr, up9.5% YoY
PAT at Rs. 101 cr vs Rs. 81 cr, up24.7% YoY
EBITDA Margin at 17.2% vs 14%, up 319 bps YoY
Exports revenue in Q3FY23 grew by 19.42% Q-o-Q and by 140.38% Y-o-Y;
Revenue from Products segment in Q3FY23 stands at 64% compared to 42% in Q3FY22
Strong order book worth more than ₹7000 crores
Sagar Cements
Cons Rev at Rs. 575 Cr vs 334 Cr YoY, up 72% YoY
Loss of 27 Cr vs profit of Rs. 9 Cr YoY
Syngene
Revenue at Rs. 786 cr vs Rs. 641 cr, up22.6% YoY
EBITDA at Rs. 231 cr vs Rs. 203 cr, up13.9% YoY
PAT at Rs. 110 cr vs Rs. 104 cr, up5.5% YoY
EBITDA Margin at 29.4% vs 31.7%, down -224 bps YoY
Tata Communication
Revenue at Rs 4528 cr vs Rs 4431 cr, up 2.2%
EBITDA at Rs 1077 cr vs Rs 1130cr, down 4.6%
EBITDA Margin at 23.8% vs 25.5%
Net profit at Rs 394 cr vs Rs 532 cr, down 26%
Supreme Petrochemical
Revenue at Rs. 1180 cr vs Rs. 1296 cr, down-9% YoY
EBITDA at Rs. 119 cr vs Rs. 225 cr, down-47.1% YoY
PAT at Rs. 90 cr vs Rs. 164 cr, down-45.4% YoY
EBITDA Margin at 10.1% vs 17.4%, down -728 bps YoY
Zensar Technologies
Revenue at Rs. 1198 Cr down 3% QoQ
EBITDA at Rs. 135 Cr up 27.8% QoQ
EBIT at Rs. 85 up 51% QoQ
PAT at Rs. 76 up 35% QoQ
DCX Systems, YoY
Rev at 355.9 cr vs 417.2 cr, down 14.68%
PAT at 17.29 cr vs 18.21 cr, down 5%
EBITDA at 27.94 cr vs 23.7 cr, up 17.89%
Margin 7.85% vs 5.68%
CORPORATE ANNOUNCEMENTS
Electronics Mart India Limited
Has commenced the commercial operation of a new Multi Brand Store under the brand name ‘ELECTRONICS MART’
Tata Motors:
Confirms delisting of its American Depositary Shares from the New York Stock Exchange
Sterlite Technologies
Board meeting on 27th Jan 2023, consider proposal of fund raising by way of equity shares or other securities through rights issue
Maruti Suzuki
Co recalled 11,177 Grand Vitara SUVs made between Aug. 8-Nov. 15 of 2022 over a possible defect in the rear seat belt mounting brackets
Radico Khaitan:
Announces successful conversion of its 140 KLPD molasses plant at Rampur into dual feed
Post conversion, the grain ENA production at Rampur campus will increase from 100 KLPD to ~260 KLPD
Commencement of bottling operations at Sitapur
Marks the successful completion of the first phase of the Sitapur greenfield project.
Vedanta
Fixed record date as Saturday, February 4, 2023
Dilip Buildcon
Declared as L-1 bidder for the tender floated by Madhya Pradesh Jal Nigam Maryadit, Bhopal (M.P), order worth Rs. 1947.06 Crores +
RAIPUR-VISAKHAPATNAM-CG-2 HIGHWAYS LIMITED’, wholly owned subsidiary of the Company has received the appointed date letter from NHAI
Shalby Ltd
Launched 14th hospital with the inauguration of SOCE – Shalby Orthopedics Centre of Excellence in Gwalior
Welspun Corp
Associate company, East Pipes Integrated Company for Industry (EPIC) in the Kingdom of Saudi Arabia (KSA), has announced signing contracts
Supply of Steel Pipes for Water Transmission with a total value of around SAR 569 million
Nykaa
Appoints P. Ganesh as CFO effective Feb. 3
Oil India
Unit Numaligarh Refineryplans to shut oil refinery for 40 days from March
ZENSAR TECH:
Anant v. Goenka named non-executive vice-chairman
Appoints Manish Tandon As Ceo, Managing Director
FROM AGENCIES
NCLT reserves order on Torrent plea to halt fresh auction for RCap; directs lenders to maintain status quo
Sebi Approves Ipo Plans Of Avalon Tech, Udayshivakumar Infra
Ayush ministry signs MoU with ITDC to promote Medical Value Travel in India
Spotify to cut about 6% of employee base: Agencies
NBCC India Dec total business secured at `309 cr: Agencies
Coal India arm MCL to set up `12,000-crore power plant in Odisha
ANALYST MEETS
Strides Pharma
Earnings call on Tuesday, January 24, 2023, at 16:30
TTK Prestige
Earnings Call on January 31, 2023 at 03.30 P.M.
KEC International
Conference Call on Wednesday, February 01, 2023, at 10:00 a.m. (IST) on earnings
Redington Ltd
Analyst/Investors conference call scheduled to be held on Thursday, February 2, 2023
Kaveri Seeds
Earnings call on Wednesday, 25th January, 2023 from 03.00 P.M. IST
UTI Asset Management
Earning call scheduled on Thursday, the 2nd February, 2023 at 16:00 hrs
Hero Motocorp
Earnings conference call with analysts/ investors is being scheduled on Wednesday, February 8, 2023,
Jindal Stainless Steel
Earnings call with investors and analysts on Tuesday, 24th January, 2023 at 04:30 P.M.
Solar Industries
Wednesday, January 25, 2023 at 05:00 p.m. to discuss the Unaudited Financial Results for the quarter and nine months ended on December 31, 2022
Sharda Cropchem
Conference call for analyst and investors on Wednesday, 25th January, 2023 at 12.00 P.M.
IEX
To meet Quantum Advisor Private Limited and Oyster Rock Capital on Jan 24th and 25th
Persistent
Scheduled to meet host of investors like SBI Life, ICICI Prudential on 24th Jan
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