Earnings To Watch
Eternal, Aditya Birla Sun Life AMC, Adani Green Energy, International Gemological Institute, Indian Hotels Company, KEI Industries, Mahindra & Mahindra Financial Services, PC Jeweller, SRF, Vishal Mega Mart, Indosolar, and Welspun Specialty SolutionsÂ
Earnings Update
Hindustan Zinc Q2 (Cons, QoQ)Â
Revenue up 9.8% to Rs 15,093 crore
Ebitda up 14.9% to Rs 9,248 crore
Ebitda margin at 61.3% versus 58.6%
Net profit up 17.2% to Rs 6,412 crore
Revenue at Rs 15,093 crore versus estimates of Rs 14,035 crore
Ebitda at Rs 9,248 crore versus estimates of Rs 8,466 crore
Ebitda margin at 61.3% versus estimates of 60.3%
Net profit at Rs 6,412 crore versus estimates of Rs 5,593 crore
Piramal Finance Q2 (Cons, YoY)Â
Total income up 28% to Rs 3,717 crore
AUM increased 24% YoY to Rs 1,13,112 crore
Net profit up 64.8% to Rs 539 crore
Tatva Chintan Pharma Chem Q2 (Cons, YoY)Â
Revenue up 76% to Rs 217 crore
Ebitda up 83.3% to Rs 40.7 crore
Ebitda margin at 18.7% versus 18%
Net profit at Rs 21.4 crore versus Rs 9.9 crore
L&T Technology Services Q2 (Cons, QoQ)Â
Revenue up 3.4% to Rs 3,040 crore
Ebit up 7.5% to Rs 495.9 crore
Ebit margin at 16.3% versus 15.7%
Net profit up 53.5% to Rs 548 crore
SML Mahindra Q2 (YoY)Â
Revenue up 20.7% to Rs 670 crore
Ebitda down 32.3% to Rs 28.3 crore
Ebitda margin at 4.2% versus 7.5%
Net profit down 44.5% to Rs 11.7 crore
Bajaj Finance Q2 (Cons, YoY)Â
Net profit up 28.5% to Rs 6,266 crore versus Rs 4,875 crore
NII up 23.6% to Rs 13,334 crore versus Rs 10,785 crore
Operating profit up 23.2% to Rs 10,699 crore versus Rs 8,685 crore
Gross NPA at 1.06% versus 1.24%
Net NPA at 0.42% versus 0.60%
Nelco Q2 (Cons, YoY)Â
Revenue up 5.1% to Rs 78.1 crore versus Rs 74.3 crore
Net profit up 6.8% to Rs 1.73 crore versus Rs 1.62 crore
A-One Steels Q1 (Cons, QoQ)Â
Revenue down 12% to Rs 1,041 crore versus Rs 1,188 crore
Ebitda down 16.2% to Rs 102.1 crore versus Rs 121.8 crore
Ebitda margin at 9.8% versus 10.3%
Net profit down 32.4% to Rs 48 crore versus Rs 71 crore
Government grants at Rs 2.5 crore versus Rs 6.9 crore
Sobha Q2 (Cons, YoY)Â
Revenue down 31.3% to Rs 967 crore versus Rs 1,408 crore
Ebitda down 28.1% to Rs 68.7 crore versus Rs 95.6 crore
Ebitda margin at 7.1% versus 6.8%
Net profit down 54.6% to Rs 32.9 crore versus Rs 72.5 crore
Waaree Renewable Technologies Q2 (Cons, YoY)Â
Revenue up 36.5% to Rs 1,058 crore versus Rs 775 crore
Ebitda up 1.2% to Rs 160 crore versus Rs 158 crore
Ebitda margin at 15.1% versus 20.4%
Net profit down 36.5% to Rs 74 crore versus Rs 116 crore
IREDA Q2 (Cons, YoY)Â
Total income up 14% to Rs 2,347 crore versus Rs 2,058 crore
Net profit up 0.5% to Rs 552 crore versus Rs 549 crore
Jaiprakash Power Q2 (Cons, YoY)Â
Revenue up 5.1% to Rs 1,512 crore versus Rs 1,438 crore
Ebitda up 39.3% to Rs 656 crore versus Rs 471 crore
Ebitda margin at 43.4% versus 32.8%
Net profit down 81.7% to Rs 33.3 crore versus Rs 182 crore
Reported one-time loss of Rs 511 crore in Q2
Just Dial Q2 (Standalone, YoY)Â
Revenue up 13.1% to Rs 343 crore versus Rs 303 crore
Ebitda up 4.1% to Rs 90.6 crore versus Rs 87 crore
Ebitda margin at 26.4% versus 28.7%
Net profit down 9.2% to Rs 108 crore versus Rs 119 crore
Elevate Campuses Q1 (Cons, YoY)Â
Revenue up 31.1% to Rs 219 crore versus Rs 167 crore
Ebitda up 29.1% to Rs 165 crore versus Rs 128 crore
Ebitda margin at 75.2% versus 76.3%
Net profit down 71.4% to Rs 34 crore versus Rs 119 crore
One-time loss of Rs 7 crore versus a gain of Rs 109 crore
Delta Corp Q2 (Cons, YoY)Â
Revenue down 13.1% to Rs 159 crore versus Rs 183 crore
Ebitda down 28.8% to Rs 28.4 crore versus Rs 39.9 crore
Ebitda margin at 17.9% versus 21.8%
Net loss at Rs 106 crore versus a profit of Rs 25 crore
One-time loss of Rs 137 crore in Q2
Galantt Ispat Q2 Highlights (Consolidated, YoY)Â
Revenue flat at Rs 1,145 croreÂ
EBITDA down 41% at Rs 109.6 crore Vs Rs 185.1 crore
EBITDA margin at 9.6% vs 16.2%Â
Net profit down 51% at Rs 60.5 crore vs Rs 123.7 crore
STOCKS IN NEWS
Infosys
Expands collaboration with Truist; to build Global Capability Centre in Hyderabad.
Ceigall India
Arm Jam Khambhaliya Jamnagar Power Transmission signs transmission service agreement with Central Transmission Utility of India.
Shukra Pharma
Seeks NSE approval for name change to Shukra Medtech; submits revised CA certificate.
NTPC
Government appoints Diwakar Nath Misra as Government Nominee Director on the board.
Titan
Fully redeems commercial papers worth Rs 1,000 crore.
Federal Bank
Clarifies that it evaluates all opportunities in the normal course of business and is not in possession of any material information.
Genus Power Infra
Board to meet on Oct. 26 to consider share buyback.
Diamond Power Infrastructure
Appoints Kundip S Thakker as CFO from Oct. 20; Pawan Lohiya ceases to be CFO from Oct. 19 and is appointed Deputy CEO from Oct. 20.
Transrail Lighting
Approves acquisition of 49% stake in Pace Green Energy for Rs 20 crore; to invest in a 990 MW solar portfolio in Maharashtra.
Gabriel India
Forms JV with Faurecia Automotive; acquires 50% minus one share in the JV, which will begin with an investment of Rs 20 crore.
JSW Dulux
Receives Rs 118 crore tax order from Karnataka GST authority.
Jaiprakash Power
Appoints Jigar Dalal as CFO effective Nov. 1.
Nuvama Wealth Management
Arm Nuvama Asset Management receives SEBI approval to launch a Specialised Investment Fund (SIF) under the Nuvama SIF brand.
Karnataka Bank
COO Raja BS resigns effective Oct. 19.
Sterling & Wilson Renewable Energy
Step-down arm approaches South African court over a Rs 25.5 crore claim related to unpaid insurance bond invocation.
Cemindia Projects
QIP issue closes; allots 1.3 crore shares at Rs 1,108 per share.
Lord’s Mark Industries
Board to meet on Oct. 23 to consider raising an unsecured loan of Rs 100 crore.
Steel Stocks
Primary-secondary rebar spread at its highest level since June 2022; global steelmaker Nucor has hiked prices.
2-Wheeler Stocks
Citi now builds in 9% YoY industry volume growth for FY27 versus 7% earlier.
Cement Stocks
Positive commentary and outlook from UltraTech Cement.
Orchid Pharma
Board approves raising up to Rs 600 crore through equity and/or other instruments.
Globus Spirits
Maize ethanol price cut by Rs 3/litre; analysts see a likely 10-11% impact on Ebitda and a 20-22% impact on profit after tax.
Venus Pipes
Commences pipe spooling operations ahead of schedule.
Quality Power Electrical Equipments
Commences manufacturing operations at its new Global Coil Factory at Kupwad MIDC, Sangli, Maharashtra.
Karamtara Engineering
India Ratings upgrades bank loan ratings to IND AA-/Stable/IND A1+.
RailTel
Wins a Rs 47 crore order from Haryana State Electronics Development Corporation.
Vintage Coffee
Board approves raising Rs 325 crore through equity and/or debt.
Schaeffler India
Managing Director and CEO Harsha Kadam taken into custody by Pune Police in connection with a factory accident that occurred on June 9.
Sun Pharma
UNLOXCYT receives a National Comprehensive Cancer Network (NCCN) Category 2A preferred recommendation for advanced skin cancer patients who are not eligible for surgery or radiation.
IPO UpdateÂ
Sahajanand Medical IPO — Day 3Â
Overall: 14.20x
QIB: 34.70x
NII: 14.64x
Retail: 3.03x
Bonfiglioli Transmissions IPO — Day 3Â
Overall: 46.06x
QIB: 120.78x
NII: 40.40x
Retail: 5.91x
Tonbo Imaging IPO — Day 3Â
Overall: 135.90x
QIB: 293.56x
NII: 170.94x
Retail: 31.07x
Zetwerk Manufacturing IPO — Day 3Â
Overall: 3.06x
QIB: 4.73x
NII: 1.40x
Retail: 0.73x
IPO Listings
HD FireÂ
IPO subscribed 131.73 times
Retail: 30.55 times
QIB (ex-anchor): 256.65 times
NII: 203.21 times
IPO To OpenÂ
Jio PlatformsÂ
About the company: Technology company focused on digital connectivity, digital services and technology-led solutions in India.
Dates: Oct. 21–23
Issue size: Rs 30,213 crore
Issue mix: Entirely a fresh issue
Paras HealthcareÂ
About the company: Clinical specialty-led hospital platform providing tertiary and quaternary healthcare services.
Dates: Oct. 21–23
Issue size: Rs 1,450 crore
Issue mix: Fresh issue of Rs 500 crore and offer for sale of Rs 950 crore
Board MeetingsÂ
Orchid Pharma : Fundraising.
Bulk and Block DealsÂ
DCM Shriram Industries : Mugi Constructions acquired 16.04 lakh shares at Rs 46.44 per share.
Shares To Exit Lock-InÂ
1 MonthÂ
SS Retail : 2% / 2 million shares
Jindal Supreme (Ind): 4% / 2 million shares
Hero Motors : 4% / 18 million shares
3 MonthsÂ
Caliber Mining : 2% / 1.6 million shares
Trading Tweaks
Price BandÂ
KRN Heat Exchanger and Refrigeration : Price band changed from 10% to 5%.
F&O CuesÂ
Securities in ban period: Ambuja Cements, Kaynes Technology, SAIL
