Stock market essentials: Q3 results, stocks in news, corporate & policy action on January 24

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stock market essentials: q3 results, stocks in news, corporate & policy action on january 24


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stock market essentials: q3 results, stocks in news, corporate & policy action on january 24

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