The S&P BSE Sensex was up 138.59 points or 0.26 per cent at 52,975.80. The Nifty 50 index closed 32 points or 0.20 per cent higher at 15,856.05.
Domestic benchmarks closed the volatile session near the day’s high level on Friday, July 23, 2021. The S&P BSE Sensex was up 138.59 points or 0.26 per cent at 52,975.80. The Nifty 50 index closed 32 points or 0.20 per cent higher at 15,856.05. But certain stocks came in the news after the market was closed. These stocks can impact the indices, when it reopens on Monday, July 26, 2021. List of such five stocks:
Reliance Industries + ITC + JSW Steel
Reliance Industries: Mukesh Ambani-owned oil-to-telecom conglomerate Reliance Industries Limited (RIL) on Friday posted a 7.9% QoQ decline in the consolidated profit at Rs 13,806 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 14,995 crore in the previous quarter ended March 31, 2021. Consolidated revenues from operations dropped 6.4% to Rs 1,39,949 crore compared to Rs 1,49,575 crore posted in previous quarter. The EBITDA remained almost flat at Rs 23,368 crore compared to Rs 23,351 crore posted in the March quarter. The margins increased to 16.7% in Q1FY22 compared to 15.6% posted in Q4FY21. Besides in the case of Reliance Jio, the profit grew 4% QoQ to Rs 3,651 crore compared to Rs 3,510 crore posted in the previous quarter. Revenue from operations grew 3.7% to Rs 18,952 crore compared to Rs 18,278 crore posted last year. The EBITDA stood at Rs 8,892 crore, up 3.7% from Rs 8,573 crore posted in the previous quarter. Margins were flat at 46.9%. ARPU grew to Rs 138.4 compared to Rs 138.2. The total customer base as of June 30, 2021, was 440.6 million, a net addition of 42.3 million customers.
ITC: FMCG major ITC has reported a 28.6% YoY surge in profit at Rs 3,013.5 crore for the quarter ended June 30, 2021, compared with Rs 2,342.8 crore in the year-ago quarter. Revenue from operations for the quarter rose 37.1% to Rs 12,217.1 crore compared with Rs 8,911.3 crore in the same quarter last year. The EBITDA rose 50.8% to Rs 3,002.2 crore compared to Rs 2,646.6 crore posted last year. The margin for the quarter expanded to 32.7% against 29.7% in the year-ago quarter. Other income of the company declined 52.2% to Rs 429 crore compared to Rs 896.8 crore.
Segmental Performance
Cigarette
– Cigarette Volume growth of 33% v/s Expectation of 24%
– Revenues Up 32.9% to Rs 5122.2 crore v/s Rs 3853.8 crore
– EBIT Up 37.1% to Rs 3230.9 crore v/s Rs 2356.4 crore
– EBIT margins up to 63.1% v/s 61.1%
FMCG
– Revenues Up 10.4% to Rs 3725.6 crore v/s Rs 3374.6 crore
– EBIT Up 38.3% to Rs 173.5 crore v/s Rs 125.4 crore
– Margins Up to 4.7% v/s 3.7%
Hotel
– Revenue Up 463.5% to Rs 127.2 crore v/s Rs 22.6 crore
– EBIT Loss of Rs 151.5 crore v/s Loss of Rs 242.6 crore
Agri Business
– Revenues up 9.2% to Rs 4091.3 crore v/s Rs 3746.3 crore
– EBIT Up 9.5% to Rs 195.7 crore v/s Rs 178.7 crore
– Margins at 4.8% v/s 4.8%
Paperboard
– Revenues Up 54.2% to Rs 1582.7 crore v/s Rs 1026.5 crore
– EBIT Up 145.3% to Rs 392.8 crore v/s 160.1 crore
– Margins up to 24.8% v/s 15.6%
Management says ~ Important Points from presentation
– Strong rebound across operating segments despite operational constraints in the wake of the second wave
– Rural markets remained resilient; the slower pace of growth
– Elevated demand for Hygiene products
– Sharp escalation in input costs – Vegetable Oil, Soap Noodles, Packaging
– Strong growth in external revenue of Agri Businesses driven by wheat, rice and leaf tobacco exports
– Robust performance of Paperboards, Paper & Packaging Segment
– Education & Stationery Products Business remains impacted due to continued closure of educational institutions
– Progressive recovery in Hotels witnessed in H2 FY21, impacted by the second wave
Cigarette
– Strong sequential recovery momentum in Cigarettes led to volumes reaching nearly pre‐Covid levels in Q4 FY21; the second wave caused disruptions in convenience store operations during the quarter. Week‐on‐week improvement underway since mid‐June’21 with most markets returning to normalcy and witnessing faster recovery compared to the first wave
JSW Steel: The steel manufacturer has reported a consolidated profit of Rs 5,904 crore for the quarter ended June 30, 2021, compared to a consolidated loss of Rs 561 crore posted in the corresponding quarter of the previous financial year. Sequentially, profit grew 40.6% from Rs 4,198 crore posted in the previous quarter ended March 31, 2021. The consolidated revenue from operations grew 145% to Rs 28,902 crore in the reported quarter compared to Rs 11,782 crore posted last year. Sequentially, the revenue grew 7% from Rs 26,934 crore posted in the previous quarter. EBITDA stood at Rs 10,274 crore, up 666% from Rs 1,341 crore posted last year. Sequentially, the EBITDA grew 21.7% from Rs 8,440 crore posted in the previous quarter. The margin grew to 35.54% in Q1FY22 compared to 11.38% posted in Q1FY21. The margin on a quarter-on-quarter basis improved to 35.35% in Q1FY22 compared to 31% in Q4FY21. EBITDA/Ton stood at Rs 26,291 VS 19,756. The company said that this is the highest ever Quarterly Revenue & PAT.
ICICI Bank + Yes Bank + SBI Cards
ICICI Bank: The private lender has reported a 77.6% YoY rise in the profit at Rs 4,616 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 2,599 crore posted in the corresponding quarter of the previous financial year. The net interest income (NII) rose 17.8% to Rs 10,936 crore compared to Rs 9,280 crore posted last year. Provisions fell to Rs 2,851 crore in the June quarter from Rs 7,593 crore in the year-ago quarter. Gross non-performing assets on the quarter-on-quarter basis came in at 1.16% against 1.14% posted in the previous quarter. The net non-performing assets on QoQ basis stood at 1.54% compared to 1.51% posted in the previous quarter. The net interest margin (NIM) for the quarter stood at 3.89% against 3.69% posted in a year-ago quarter. The company said, maximum slippages seen from the retail book of around Rs 6,700 crore. Recoveries stood at Rs 3,627 crore and a GNPA write-off of Rs 1,589 crore was also made. It also made COVID-related provisions of Rs 6,425 crore. The fee income of the bank climbed 53% in the quarter.
Yes Bank: The private lender has reported a 357% YoY rise in the profit at Rs 206 crore for the quarter ended June 30, 2021, compared to Rs 45 crore posted in the same quarter last year. The net interest income fell 26% to Rs 1,402 crore compared to Rs 1,908 crore posted last year. Provisions dropped 40% to Rs 644 crore compared to Rs 1,087 crore posted last year. The gross non-performing assets on QoQ basis stood at 15.6% in Q1FY22 compared to 15.41% posted in Q4FY21. The net non-performing assets on QoQ basis stood at 5.78% compared to 5.88% posted in the previous quarter.
SBI Cards: The payment solutions provider has reported a 73% YoY rise in the profits at Rs 304 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 175.4 crore in the corresponding quarter of the previous financial year. The Revenue from operations grew 2% YoY to Rs 2,361.9 crore compared to Rs 2,319.01 crore posted last year. The Gross NPA stood at 3.91% in Q1FY22 compared to 1.35% posted in Q1FY21.
Ambuja Cement + United Spirits + Jubilant Pharmova + MCX
Ambuja Cement: The cement manufacturer has reported a 59.6% YoY rise in the standalone profit at Rs 723 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 453 crore in the corresponding quarter of the previous financial year. Sales on the consolidated basis rose 350% YoY to Rs 3,371 crore compared to Rs 2,177 crore posted last year. The EBITDA stood at Rs 949 crore, up 59% from Rs 595 crore posted last year. The margins improved to 28% in Q1FY22 compared to 27% posted in Q1FY21. The company in a statement said, that urban housing and infrastructure drives demand and cement demand to show strong recovery in CY21. It added, the road sector investments to grow by 10-15% in FY22 led by a strong pipeline of national highways, expressways and state highways; the centre’s outlay is Rs 1.7 lakh crore.
United Spirits: The beverage company has posted a standalone profit of Rs 69 crore for the quarter ended June 30, 2021, compared to a loss of Rs 215 crore posted in the same quarter last year. Sequentially, the profit dropped 58.66% from Rs 167 crore posted in the quarter ended March 31, 2021. Revenue from operations grew 57% to Rs 1,615 crore compared to Rs 1,030 crore posted last year. Sequentially, the revenue fell 27.3% compared to Rs 2,224 crore posted in the previous quarter. The EBITDA stood at Rs 168 crore compared to a negative EBITDA of Rs 78 crore posted last year. Sequentially, the EBITDA dropped 59% from Rs 412 crore posted in the previous quarter. The margin on a quarter-on-quarter basis dropped to 10% in Q1FY22 compared to 19% posted in Q4FY21.
– Volume growth
– P&A 60% YoY
– Popular 62% YoY
– Total 61% YoY
Jubilant Pharmova: The pharmaceutical company has reported an 81% YoY rise in the consolidated profit at Rs 160 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 88 crore in the corresponding quarter of the previous financial year. Consolidated revenue from operations grew 44% to Rs 1,634 crore in the reported quarter compared to Rs 1,156 crore posted last year. The EBITDA stood at Rs 375 crore compared to Rs 179 crore posted last year. The EBITDA margin improved to 22.9% in Q1FY22 compared to 15.4% posted in Q1FY21.
MCX: The commodity exchange has reported a 29% YoY decline in the consolidated profit at Rs 40 crore for the quarter ended June 31, 2021. It had posted a profit of Rs 56 crore in the corresponding quarter in the previous financial year. Revenue from operations increased 21% to Rs 88 crore compared to Rs 73 crore posted last year. EBITDA stood at Rs 37 crore, up 37% from Rs 27 crore posted last year. The margin increased to 42% in Q1FY22 compared to 36% posted in Q1FY21.
JSPL: Jindal Steel & Power Ltd (JSPL) to Launch Transparent Competitive Bidding Process for Jindal Power. It has received a revised bid from Worldone for an Equity Value of Rs 7401 crore from Rs 3,015 crore.
IndusInd Bank + PSU Banks
IndusInd Bank: The board of the private sector lender IndusInd Bank has approved the proposal to raise funds up to Rs 30,000 crore through QIP /ADRs /GDRs program, or combinations on a private placement basis thereof as may be decided by the Board
PSU Banks: The PSU Banks will be in focus today as reportedly the Finance Ministry has proposed extension of MD and CEO of three public sector banks, namely PNB, UCO and Bank of Maharashtra. It has suggested extension of the tenure by 2 years or till retirement.
