The domestic equity barometers ended with steep cuts after a weak session on Friday, February 11, 2022
The domestic equity barometers ended with steep cuts after a weak session on Friday, February 11, 2022. The barometer index, the S&P BSE Sensex was down 773.11 points or 1.31% to 58,152.92. The Nifty 50 index fell 231.10 points or 1.31% to 17,374.75. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Monday, February 14, 2022. List of such stocks:
Q3FY22 Earnings
Nifty Stock
ONGC: State-owned oil and gas major ONGC has reported a 52.2% QoQ decline in the standalone net profits at Rs 8,763.7 crore for the December 2021 quarter compared to Rs 18,347.7 crore posted in the previous quarter. The company’s revenue from operations grew 16.9% QoQ to Rs 28,472.9 crore in the quarter under consideration compared to Rs 24,353.6 crore posted in the September 2021 quarter. EBITDA grew 12.3% QoQ posted in Rs 14,851.1 crore against Rs 13,226.2 crore posted in the previous quarter. The margins fell to 52.2% in Q3FY22 against 54.3% posted in Q3FY21.
Previous quarters exceptional items
– Other Income Up 5.9 times to Rs 3,416.5 crore against Rs 533.7 crore
– Tax Benefit of Rs 7195.4 crore against Tax expenses of Rs 2145.4 crore
– Deferred tax of Rs 8239 crore
Besides, the company has declared a 2nd interim dividend of Rs 1.75 per equity share of the face value of Rs 5 each i.e. 35%, for the Financial year 2021-2022.
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F&O Stocks
Ashok Leyland: Hinduja Group flagship Ashok Leyland has reported a standalone net profit at Rs 6 crore for the third quarter ended December 31, 2021, compared to a loss of Rs 19 crore posted in the year-ago quarter. Revenue from operations on a standalone basis rose 15% YoY to Rs 5,535 crore for the period under consideration compared to Rs 4,814 crore posted last year. EBITDA stood at Rs 224 crore, down 11.8% YoY from Rs 254 crore posted last year. EBITDA margin dropped to 4% in Q3FY22 against 5.3% posted in Q3FY21. Adjusted profit after tax (PAT) declined 77.8% YoY to Rs 6 crore in the quarter under consideration against Rs 27 crore posted last year. Besides, the Board of Directors has approved the issuance of secured, rated, listed, Redeemable Non-Convertible Debentures aggregating upto Rs 250 crores on a private placement basis in one or more tranches/series.
Honeywell Automation: The provider of integrated automation and software solutions has reported a 40% YoY decline in the consolidated profit at Rs 90 crore for the quarter ended December 31, 2021, compared to Rs 150 crore posted in the year-ago quarter. Revenue from operations fell 1.6% YoY to Rs 860 crore in the quarter under consideration compared to Rs 874 crore posted last year. EBITDA fell 34.8% YoY to Rs 122 crore compared to Rs 187 crore posted last year. The company EBITDA margin contracted to 14.2% in Q3FY22 from 21.4% posted in Q3FY21.
Voltas: The home appliance company has reported a 25% YoY decline in the consolidated profit at Rs 96 crore for the quarter ended December 31, 2021, compared to Rs 128 crore posted in the year-ago quarter. Revenue from operations fell 10% YoY to Rs 1,794 crore compared to Rs 1,995 crore posted last year. EBITDA stood at Ra 156 crore, up 6.12% YoY from Rs 147 crore posted last year. The margin improved to 8.7% in Q3FY22 against 7% posted in Q3FY21.
Segment growth YoY
– Cooling products +9%
– Mechanical Projects down 35%
– EPC +3%
Hindustan Copper: State-owned vertically integrated copper producing company has reported a 59% YoY rise in the standalone profit at Rs 172 crore for the quarter ended December 31, 2021, compared to Rs 108 crore posted in the year-ago quarter. Revenue from operations rose 1% to Rs 544 crore compared to Rs 538 crore posted last year. The company’s EBITDA stood at Rs 131 crore, down 40% YoY from Rs 217 crore posted last year. The margin fell 24% in Q3FY22 against 40% posted in Q3FY21. The lower depreciation, Finance cost and tax expense has boosted the PAT of the company.
Muthoot Finance: The largest gold loan NBFC in India Muthoot Finance has reported a rise of 4% in its consolidated net profit at Rs 1,029 crore in the quarter ended December 2021, compared to Rs 991 crore posted in the year-ago quarter. The company’s total income grew 5.7% YoY to Rs 2,872 crore in the period under consideration compared to Rs 2,717 crore posted last year. Gross Stage 3 stood at 3.82% on Q3FY22 against 1.85% posted in Q2FY22.
Glenmark Pharma: The pharmaceutical company has reported an 11% decline in the consolidated profit at Rs 222 crore for the quarter ended December 2021, compared to Rs 248 crore posted in the year-ago quarter. Revenue from operations grew 14% YoY to Rs 3,173 crore compared to Rs 2,786 crore posted last year. EBITDA stood at Rs 693 crore, up 31% YoY from Rs 530 crore posted last year. The margin grew 22% in Q3FY22 against 19% posted in Q3FY21.
Read more:LIC IPO: LIC-Aadhaar Linking, Having Demat Account Must to Buy Shares; How to Do Them
Geographical performance
– India Business grew by 14.2% to Rs. 10,069 Million.
– ROW Business grew by 24.3% to Rs. 4,178 Million.
– Europe Business grew by 21.5% to Rs. 3,807 Million.
– Launched 8 new products during the quarter
Cash Segment Stocks
Allcargo Logistics Ltd.: The Indian logistics company has reported 24 times YoY rise in the consolidated profit at Rs 334 crore for the quarter ended December 31, 2021, compared to Rs 14 crore posted in the year-ago quarter. Revenue from operations grew 114% YoY to Rs 5,869 crore in the quarter under consideration compared to Rs 2,735 crore posted last year. EBITDA grew 241% YoY to Rs 505 crore in the December 2021 quarter against Rs 148 crore posted last year. The margin grew to 9% in Q3FY22 against 5% posted in Q3FY21.
Anupam Rasayan India Ltd: The chemical manufacturing company has reported an 81% YoY rise in the consolidated profit at Rs 38 crore for the quarter ended December 31, 2021, compared to Rs 21 crore posted in the year-ago quarter. Revenue from operations rose 45% YoY to Rs 266 crore against Rs 184 crore posted last year. EBITDA grew 41% YoY to Rs 75 crore in the December 2021 quarter against Rs 53 crore posted last year. The margin fell to 28% in Q3FY22 against 29% posted in Q3FY21.
Mrs. Bectors Food Specialities Ltd.: Cookie and cracker manufacturing company has reported a 24% YoY decline in the consolidated profit at Rs 16 crore for the quarter ended December 31, 2021, compared to Rs 21 crore in the year-ago quarter. Revenue from operations rose 16% YoY to Rs 263 crore compared to Rs 226 crore posted last year. EBITDA dell 18% YoY to Rs 33 crore in the reported quarter against Rs 40 crore posted last year. The margin dropped to 13% in Q3FY22 against 18% posted in Q3FY21.
Force Motors: The fully vertically integrated automobile company’s consolidated profit has widened to Rs 43 crore in the quarter ended December 31, 2021, compared to Rs 19 crore posted in the year-ago quarter. Revenue from operations grew 56.9% YoY to Rs 778 crore against Rs 496 crore posted last year. The company has reported an EBITDA loss of Rs 11.5 crore against an EBITDA profit of Rs 34 crore posted last year.
Kalpataru Power Transmission Ltd.: The leading global EPC player in the power transmission and infrastructure contracting sector Kalpataru Power Transmission has reported a 15.9% YoY decline in the consolidated profit at Rs 259 crore for the quarter ended December 31, 2021, compared to Rs 308 crore posted in the year-ago quarter. Revenue from operations grew 11.1% YoY to Rs 3,889 crore against Rs 3,501 crore posted last year. EBITDA fell 18% YoY to Rs 318 crore from Rs 388 crore. The margins dropped to 8.2% in Q3FY22 against 11.1% posted in Q3FY21.
Dhampur Sugar Mills: Sugarcane mills company has reported a 34% YoY rise in the consolidated profit at Rs 75.71 crore for the quarter ended December 31, 2021, compared to Rs 56.51 crore posted in the year-ago quarter. Revenue from operations fell 13.1% YoY to Rs 963.29 crore compared to Rs 1,108.82 crore posted last year. EBITDA grew 23% YoY to Rs 135.76 crore compared to Rs 1,108.82 crore posted last year. The margin grew to 14.09% in Q3FY22 against 9.92% posted in Q3FY21.
Nazara Technologies Ltd.: The leading India based diversified gaming and sports media platform has reported a 17% YoY decline in the consolidated profit at Rs 8.5 crore for the quarter ended December 31, 2021, compared to Rs 10.2 crore posted in the year-ago quarter. Revenue from operations grew 4.42% YoY to Rs 185 crore compared to Rs 130.4 crore posted last year. EBITDA grew 15% YoY to Rs 20.1 crore from Rs 25.3% posted last year. The margin declined to 16% in Q3FY22 against 19% posted in Q3FY21.
Mazagon Dock: The manufacturer of warships and submarines for the Indian Navy and offshore platforms has reported a 52% YoY rise in the consolidated profit at Rs 215 crore for the quarter ended December 31, 2021, compared to Rs 141.37 crore posted in the year-ago quarter. Revenue from operations grew 6.3% YoY to Rs 1,552.5 crore in the period under consideration against Rs 1,461.09 crore posted last year. EBITDA rose 119% YoY to Rs 201.96 crore against Rs 92.25 crore posted last year. The margin grew to 13.01% in Q3FY22 against 6.31% posted in Q3FY21.
Stocks in News
ICICI Prudential + SBI LIFE + HDFC LIFE + CDSL + BSE: LIC has filed Draft Red Herring Prospectus with SEBI, seeking approval for its Initial Public Offering, IPO. As per the DRHP, the IPO consists of an offer for sale (OFS) of up to 31.6 crore shares by the government of India representing five per cent equity. The IPO is a 100 per cent offer for sale by the government of India and no fresh issue of shares by LIC. The embedded value of LIC is around Rs 5.4 lakh crore. The reserved quota for employees can be up to a maximum of 5% while for the policyholders it can be up to a maximum of 10%. The insurance giant has reserved up to 35% of the issue size for retail investors.
LIC Housing + IDBI Bank: Any of the two companies will have to stop doing housing finance business by November 2023 as both companies are a subsidiary of the Life Insurance Corporation (LIC). The Reserve Bank of India’s (RBI’s), while approving the insurance behemoth’s takeover of the public sector lender IDBI Bank, put forth conditions where it said either of the subsidiaries will have to wind down its home loan business in the next 20 months.
SBI/ ICICI Bank / IDBI Bank / BoB / PNB: CBI registers FIR against ABG Shipyard and company director. On Saturday, the Central Bureau of Investigation (CBI) filed a case against ABG Shipyard, one of India’s largest private sector shipyard firms, and its then chairman and managing director Rishi Agarwal, and others for allegedly defrauding 28 banks of Rs 22,842 crore.
FMCG Companies in focus: India has extended the deadline for reduced import duty on edible oil till September 30, 2022. The deadline for a reduction in import duty was ending on March 31, 2022. Duty on crude palm oil also decreased.
– Crude Palm Oil (CPO) Old Net Duty:8.25% (Rs.8411 ton)
– New Net Duty: 5.50%(Rs.5607 Ton)
– Net Effect:
– CPO Duty down by Rs.2.80 kg
However, import duty on lentils was abolished. Right now the duty was 10%. The government is trying to reduce the price of oil and pulses.
IRCTC: The Indian Railway Catering and Tourism Corporation Limited (IRCTC) has decided to resume cooked food on all trains from today, i.e., February 14, 2022. IRCTC in a statement said, the restoration of cooked food has been done as per guidelines received from Railway Board. It said, cooked food has already been restored in 428 trains and, of the total number of trains, cooked food had already been restored in 30% by December last year and 80% in January this year and the remaining 20 per cent will be restored by Monday.
TCS: Tata Consultancy Services has fixed February 23, 2022, as the record date for determining the entitlement of equity shareholders who will be eligible to participate in its Rs 18,000 crore buyback.
Fund Action
TVS Motors: SUNDARAM CLAYTON LIMITED sells 95 lakh shares at Rs 635.97 per share.
PB Fintech: Alok Bansal ( Executive Director ) sells 28.58 lakh shares at Rs 825 per share.
Satin Credit: GMO Emerging Illiquid Mauritius fund buys 4,41,867 shares at Rs 100 per share.
Stove Kraft: EAM Emerging Market Small-cap fund LP sells 1,66,000 shares at Rs 663.28 per share.
