Here’s a quick look at stocks likely to be in focus in Thursday's trade, covering quarterly earnings, order wins, and fund raiser's announced by companies after market hours on Tuesday as well as Wednesday:
Results Today
Infosys, L&T Technology Services, Tata Technologies, Persistent Systems, Dalmia Bharat, Ceat, Havells India, Central Bank of India, Andhra Cements, Ashapuri Gold Ornament, Bharat Bijlee, Choice International, CIE Automotive India, Gopal Snacks, Grindwell Norton, JSW Infrastructure, Mastek, Newgen Software Technologies, Polycab India, Premier Explosives, Rallis India, Reliance Industrial Infrastructure, Sagar Cements, Shoppers Stop, South Indian Bank, Swaraj Engines, Sterling and Wilson Renewable Energy, Tanla Platforms, Tata Communications, Trident Texofab, and Vraj Iron and Steel will announce quarterly earnings on July 18.
Quarterly Earnings
Asian Paints Q1 (Consolidated YoY)
Net profit falls 24.6% to Rs 1,186.8 crore Vs Rs 1,574.8 crore
Revenue declines 2.3% to Rs 8,969.7 crore Vs Rs 9,182.3 crore
EBITDA drops 20.2% to Rs 1,693.8 crore Vs Rs 2,121.3 crore
Margin sinks 420 bps to 18.9% Vs 23.1%
LTI Mindtree Q1 (Consolidated QoQ)
Net profit grows 3.1% to Rs 1,135.1 crore Vs Rs 1,100.7 crore
Revenue rises 2.8% to Rs 9,142.6 crore Vs Rs 8,892.9 crore
EBIT increases 4.8% to Rs 1,370.9 crore Vs Rs 1,308.7 crore
EBIT margin expands to 15% Vs 14.7%
Revenue in dollar terms up 2.5% at USD 1,096.2 million Vs USD 1,069.4 million
L&T Finance Q1 (Consolidated YoY)
Net profit jumps 29.1% to Rs 685.5 crore Vs Rs 531 crore
Revenue rises 17.4% to Rs 3,784.4 crore Vs Rs 3,223.3 crore
Net interest income grows 23% to Rs 2,020 crore Vs Rs 1,644 crore
Consolidated book size increases 13% to Rs 88,717 crore Vs Rs 78,566 crore
Network18 Media and Investments Q1 (Consolidated YoY)
Revenue falls 3% to Rs 3,141 crore Vs Rs 3,239 crore
Operating EBITDA loss at Rs 148 crore Vs Rs 84 crore
TV18 Broadcast Q1 (Consolidated YoY)
Revenue drops 3% to Rs 3,069 crore Vs Rs 3,176 crore
Operating EBITDA loss at Rs 109 crore Vs EBITDA loss at Rs 54 crore
TV News EBITDA at Rs 40 crore Vs EBITDA loss at Rs 6 crore
Entertainment business EBITDA loss at Rs 149 crore Vs EBITDA loss at Rs 49 crore
Aditya Birla Money Q1 (YoY)
Net profit jumps 73.4% to Rs 16.4 crore Vs Rs 9.4 crore
Net interest income increases 47.8% to Rs 88.5 crore Vs Rs 59.9 crore
Company appoints Ashok Suvarna as Chief Executive Officer, effective September 1, 2024
Just Dial Q1 (YoY)
Net profit spikes 69.3% to Rs 141.2 crore Vs Rs 83.4 crore
Revenue grows 13.6% to Rs 280.5 crore Vs Rs 247 crore
EBITDA surges 119.8% to Rs 80.6 crore Vs Rs 36.7 crore
Margin expands to 28.7% Vs 14.9%
Alok Industries Q1 (Consolidated YoY)
Net loss narrows to Rs 206.9 crore Vs loss at Rs 226.1 crore
Revenue drops 28.9% to Rs 1,006.3 crore Vs Rs 1,414.9 crore
EBITDA spikes 68.6% to Rs 20.75 crore Vs Rs 12.3 crore
Margin jumps to 2.06% Vs 0.87%
Elecon Engineering Company Q1 (Consolidated YoY)
Net profit increases 0.5% to Rs 73.4 crore Vs Rs 72.96 crore
Revenue falls 5.3% to Rs 392.4 crore Vs Rs 414.3 crore
Hathway Cable & Datacom Q1 (Consolidated YoY)
Net profit declines 18% to Rs 18.32 crore Vs Rs 22.4 crore
Revenue rises 0.7% to Rs 502.6 crore Vs Rs 499.2 crore
Stocks To Watch
Adani Green Energy Q1 Provisional Operational Update (YoY)
Operational capacity increased by 31% to 10,934 MW with the greenfield addition of 2,418 MW solar and 200 MW wind power plants
Sale of energy increased by 22% at 7,356 million units backed by robust capacity addition
Solar portfolio CUF (capacity utilization factor) at 25.4?cked by 99.4% plant availability
Wind portfolio CUF at 36.2?cked by 96.8% plant availability
Consistent high Hybrid portfolio CUF at 46.0?cked by 99.7% plant availability
Kolte-Patil Developers Q1 Operational Update (YoY)
Collections grow 19% to Rs 612 crore Vs Rs 513 crore
Sales value rises 1% to Rs 711 crore Vs Rs 701 crore
Sales volume increases 3% to 0.96 million square feet Vs 0.93 million square feet
One 97 Communications
FlixBus announced a strategic partnership with Paytm to significantly enhance its distribution capabilities. This partnership will enable FlixBus to tap into Paytm's vast customer base and technological expertise.
KEC International
The RPG Group company has secured new orders worth Rs 1,100 crore for transmission & distribution (T&D) projects in India, the Middle East, Australia, and the Americas. These orders include a 765 kV transmission line and 765 kV GIS substation orders in India from the Power Grid Corporation of India, and a 132 kV transmission line in the United Arab Emirates (UAE).
Bharti Airtel
The telecom operator added 12.50 lakh subscribers in May 2024, up 66.2% from the addition of 7.52 lakh users in the previous month. The company held a 33.17% market share of wireless subscribers as of May 2024.
Reliance Industries
Subsidiary Reliance Jio added 21.95 lakh users in May, compared to 26.87 lakh users added in the previous month. It had a 40.6% market share of wireless subscribers as of May 2024.
Vodafone Idea
The telecom operator lost 9.24 lakh subscribers in May this year, compared to a loss of 7.35 lakh users in the previous month. It had an 18.66% market share of wireless subscribers as of May 2024.
Adani Enterprises
Sirius Digitech, a joint venture between the Adani Group and Sirius International Holding (a subsidiary of International Holding Company (IHC)), signed binding agreements to acquire Coredge.io, a sovereign AI and cloud platform company.
Sarda Energy & Minerals
The board of directors will meet on August 3 to consider unaudited results for the first quarter of FY25 and seek shareholder consent for fundraising.
ESAF Small Finance Bank
The Reserve Bank of India has approved the reappointment of Kadambelil Paul Thomas as Managing Director & CEO of the bank for three years, effective October 1, 2024.
Glenmark Pharmaceuticals
The pharma company has received final approval from the United States Food & Drug Administration (US FDA) for Topiramate capsules USP, 15 mg, and 25 mg. Topiramate is used in the treatment of epilepsy.
TVS Motor Company
The company will invest 200 million pounds in its subsidiary Norton Motorcycles for international expansion, initially focusing on the USA, Germany, France, Italy, and India.
SpiceJet
Ashish Kumar has resigned as Head of Finance and Chief Financial Officer of the company to pursue other opportunities. The company has appointed Joyakesh Podder as the Head of Finance and designated him as the Deputy Chief Financial Officer, effective July 15.
Bajaj Finance
The Insurance Regulatory and Development Authority of India (IRDAI) has levied a penalty of Rs 2 crore on the company for violating provisions of IRDAI Regulations. IRDAI conducted an onsite inspection of Bajaj Finance during March 3 and March 5, 2021, for FY18 to FY20. IRDAI has also advised the company to comply with those directions in a time-bound manner.
Oil and Natural Gas Corporation
ONGC has commenced production from its coal bed methane (CBM) block in Bokaro, Jharkhand. The initial production stands at 1,70,000 SCMD and is expected to ramp up to 3,00,000 SCMD by the end of the current financial year.
Techno Electric & Engineering Company
The firm launched its Qualified Institutions Placement (QIP) issue on July 16 and fixed the floor price for QIP at Rs 1,506.58 per share.
GMR Airports Infrastructure
Passenger traffic in June this year grew by 8% YoY, with domestic traffic up 6.4% and international traffic up 12.8%. Aircraft movements increased by 6% YoY in June.
Bajaj Electricals
Anuj Poddar has resigned as Managing Director & CEO of the company, effective September 30, 2024, to explore an external opportunity.
Zee Entertainment Enterprises
The board has approved raising funds by issuing 5% foreign currency convertible bonds (FCCBs) up to USD 239 million (Rs 1,997.22 crore) maturing in 10 years on a private placement basis to proposed investors - Resonance Opportunities Fund, St. John’s Wood Fund, and Ebisu Global Opportunities Fund. The FCCB issue opened on July 16.
Bulk Deals
Vijaya Diagnostic Centre
Foreign portfolio investor AL Mehwar Commercial Investments LLC sold a 0.58% stake in the diagnostic chain at an average price of Rs 775.03 per share.
Indiabulls Housing Finance
Plutus Wealth Management LLP bought an additional 65,79,936 equity shares in the housing finance company at an average price of Rs 68.16 per share, valued at Rs 44.8 crore. Aalidhra Textool Engineers purchased 25 lakh shares in Indiabulls Housing at an average price of Rs 67.15 per share. However, Santosh Kumar Garg sold 23,42,587 shares at an average price of Rs 66.61 per share, and Vibgyor Investors Developers offloaded 25,41,557 shares at an average price of Rs 66.64 per share.
Stocks Turn Ex-Dividend
Advanced Enzyme Technologies, Amara Raja Energy & Mobility, Arvind SmartSpaces, ASM Technologies, Bliss GVS Pharma, Can Fin Homes, Golkunda Diamonds & Jewellery, GPT Healthcare, Kanoria Energy & Infrastructure, Nelcast, Newgen Software Technologies, Panasonic Energy India Company, Praj Industries, Tanla Platforms, Thangamayil Jewellery, Ultramarine & Pigments, UTI Asset Management Company
Stock Trades Ex-Date for Split
KPI Green Energy
F&O Ban
Balrampur Chini Mills, Piramal Enterprises, Vedanta, Chambal Fertilisers and Chemicals, GMR Airports Infrastructure, GNFC, Hindustan Copper, RBL Bank
Stocks Removed From F&O Ban
Aditya Birla Fashion & Retail, India Cements, Indus Towers
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