Snapping three days of a losing streak, domestic markets rose on Friday, November 12, 2021, on positive global cues. The S&P BSE Sensex surged 767 points, or 1.28%, to 60,687.
Snapping three days of a losing streak, domestic markets rose on Friday, November 12, 2021, on positive global cues. The S&P BSE Sensex surged 767 points, or 1.28%, to 60,687. The Nifty 50 gained 229 points, or 1.28%, to close above the 18,000 level at 18,103. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Monday, November 15, 2021. List of such five stocks:
3 Listings + Latent View Analytics ltd IPO + Tarsons Products Ltd IPO
Policy Bazaar: Shares of PB Fintech Limited, the owner of the online insurance aggregator and fintech Policy Bazaar and Paisa Bazaar, will debut on the bourses today. The Rs 5,625-crore initial public offer of the company was subscribed 16.59 times. The Qualified Institutional Buyers (QIBs) portion was subscribed 24.89 times, while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 7.82 times and 3.31 times, respectively. The issue price for the public issue was Rs 980 per share.
SJS Enterprises Limited: Shares of the decorative aesthetics product company SJS Enterprises Limited will debut on the bourses today. The Rs 800-crore Initial Public Offering (IPO) of the company was subscribed 1.59 times. The Qualified Institutional Buyers (QIBs) portion was subscribed 1.42 times, while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portion were subscribed 2.32 and 1.38 times, respectively. The issue price for the public issue was Rs 542 per share.
Sigachi Industries Limited: Shares of the Hyderabad-based manufacturer of cellulose-based excipients, Sigachi Industries will debut on the bourses today. The Rs 125-crore Initial Public Offering (IPO) of the company was subscribed 102 times. The Qualified Institutional Buyers (QIBs) portion was subscribed 86 times while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 172 times and 80 times, respectively. The issue price for the offer was Rs 163 per share.
Latent View Analytics Ltd.: The initial public offering (IPO) of the data analytics company Latent View closed with 326.5 times subscription on Friday. The Qualified Institutional Buyers (QIBs) portion was subscribed 145.48 times, while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) were subscribed 850.6 times and 119.4 times, respectively. The company has fixed the price band at Rs 190-197 per share as it had plans to raise up to Rs 600 crore from the initial share sale. The bid lot size for the retail investors is 76 equity shares and in multiples thereafter, maximum up to 2 lakhs. The public issue comprises a fresh issue of up to Rs 474 crore and an Offer for Sale of up to Rs 126 crore.
Tarsons Products Ltd IPO: The labware and life science products company Tarsons Products Limited will launch its initial public offering today, i.e., on Monday, November 15, 2021. The initial share sale will close on Wednesday, November 17, 2021. The company has fixed the price band for the offer at Rs 635-662 per equity share for its Rs 1,024-crore initial share sale. The initial public offering comprises of fresh issue of upto Rs 150 crore and an offer for sale of up to 1.32 crore equity shares worth Rs 874 crore by the promoters and an investor. Besides, the company has mopped up Rs 306 crore from anchor investors, ahead of its IPO opening. The marquee investors who participated in the anchor book were the Government of Singapore (8.7%), Monetary Authority of Singapore (4.4%), First Sentirer Investor (9.8%), ICICI Pru (9.6%), Aditya Birla (9.6%), Nippon Life (9%), Abu Dhabi (7.6%) among others.
Post-Market Results
Hero Motocorp: India’s leading two-wheeler company has reported a 16.7% YoY decline in the standalone profit at Rs 794 crore for the quarter ended November 30, 2021, as against a profit of Rs 953 crore posted in a year-ago quarter. Its revenue from operations fell 9.8% to Rs 8,453 crore from Rs 9,367 crore posted last year. EBITDA stood at Rs 1,066 crore, down 17.1%, from Rs 1,286 crore posted last year. Margin contracted to 12.6% in Q2FY22 from 13.7% posted in Q2FY21.
– Gears Up To Launch Its Electric Vehicle By March’22
– The product will be manufactured at its plant in Chittoor, Andhra Pradesh
– Commodity prices, which have been impacting the industry margins so far, are showing some signs of softening as we move from here
Coal India: The coal mining company has reported a slight YoY decline in the consolidated profit at Rs 2,936 crore for the quarter ended September 30, 2021, as against Rs 2,950 crore posted in the year-ago quarter. Its revenue from operations grew by 10% to Rs 23,291 crore from Rs 21,153 crore posted last year. EBITDA fell by 1% to Rs 3,943 crore as against Rs 3,975 crore. Its margin contracted to 17% in Q2FY22 as against 18.8% posted in Q2FY21.
Ashok Leyland: Commercial vehicles (CV) major Ashok Leyland has reported a YoY standalone loss of Rs 83 crore for the quarter ended September 30, 2021, as against a loss of Rs 147 crore posted in the year-ago quarter. Its revenue from operations grew by 57.1% to Rs 4,458 crore as against Rs 2,837 crore posted last year. EBITDA stood at Rs 135 crore, up 68.8% from Rs 80 crore posted last year. Its margin stood at 3% in Q2FY22 from 2.8% posted in Q2FY21.
Amara Raja Batteries: The company that is into the automotive battery business among others has reported a 28.4% YoY decline in the standalone profit at Rs 144 crore for the quarter ended September 30, 2021, as against a profit of Rs 201 crore posted in the year-ago quarter. Its revenue from operations grew 16.9% YoY to Rs 2,264 crore from Rs 1,936 crore posted last year. EBITDA stood at Rs 269 crore, down 21.1% YoY from Rs 341 crore last year. Its margin contracted to 11.9% in Q2FY22 from 17.6% posted in Q2Fy21. The board of directors of the company has declared an interim dividend of Rs 4 per share and November 24, 2021, has been fixed as its record date.
NALCO: The state-owned mining company has reported a 599% YoY rise in the consolidated profit at Rs 748 crore for the quarter ended September 30, 2021, as against a profit of Rs 108 crore posted in a year-ago quarter. Its revenue from operations grew 51% YoY to Rs 3,592 crore from Rs 2,375 crore posted last year. EBITDA stood at Rs 1,127 crore, up 309% YoY from Rs 276 crore posted last year. Its margin grew to 31.3% in Q2FY22 from 12% posted in Q2FY21.
PI Industries: The agri-sciences has reported a 6% YoY rise in the consolidated profit at Rs 230 crore for the quarter ended September 30, 2021, as against a profit of Rs 218 crore posted in a year-ago quarter. Its revenue from operations grew 17% YoY to Rs 1,354 crore from Rs 1,158 crore posted last year. EBITDA stood at Rs 292 crore, up 4% YoY from Rs 280 crore posted last year. Its margin fell to 22% in Q2FY22 from 24% posted in Q2FY21.
JK Cement: The cement manufacturer has reported a 24.5% YoY decline in the standalone profit at Rs 169 crore for the quarter ended September 30, 2021, as against a profit of Rs 224 crore posted in a year-ago quarter. Its sales grew 18%YoY to Rs 1,836 crore from Rs 1,551 crore posted last year. EBITDA stood at Rs 330 crore, down 19.9% from Rs 412 crore posted in September 2020 quarter. Its margin contracted to 17.9% in Q2FY22 from 26.5% posted in Q2FY21.
Info Edge: The internet company has reported an 8,173.3% QoQ rise in the standalone profit at Rs 8,356 crore for the quarter ended September 30, 2021, as against a profit of Rs 101 crore posted in the previous quarter ended June 30, 2021. Its adjusted profit after tax grew marginally by 0.6% QoQ to Rs 101.5 crore against Rs 101 crore posted in the previous quarter. Its revenue from operations grew by 10% QoQ to Rs 352 crore in the reported quarter from Rs 320 crore posted in June 2021 quarter. EBITDA stood at Rs 106.2 crore, up 6.6% QoQ from Rs 99.6 crore posted in the previous quarter. Its margin declined to 30.2% in Q2FY22 from 31.1% posted in Q1FY22. The company has reported an external gain of Rs 9,294 crore in the quarter.
– Gain on the fair value of an investment in Zomato: Rs 8,941 crore (this is an unrealised mark to market gain of Rs 8941 crore till the date of listing of Zomato has been credited to P&L through an exceptional item).
– Gain on sale of investment in Zomato: Rs 357 crore.
IPCA Laboratories: The pharmaceutical company has reported a 5.6% YoY decline in the profits at Rs 252 crore for the quarter ended September 30, 2021, as against Rs 267 crore posted in the year-ago quarter. Its revenue from operations grew 13% YoY to Rs 1,544 crore from Rs 1,361 crore posted last year. EBITDA stood at Rs 365 crore, up 1.4% from Rs 360 crore posted in September 2020 quarter. Its margin contracted to 23.7% in Q2FY22 from 26.5% posted in Q2FY21.
Manappuram Finance: The non-banking financial company has reported a 12% YoY decline in its profit at Rs 355 crore for the quarter ended September 30, 2021, as against Rs 405 crore posted in the year-ago quarter. Its total income dropped by 8.5% to Rs 1,170 crore from Rs 1,279 crore posted last year. The company has appointed Mr. Shailesh Jayantilal Mehta, as the Chairperson of the Company.
Granules India: The pharmaceutical company has reported a 51% YoY decline in the profit at Rs 81 crore for the quarter ended September 30, 2021, as against Rs 164 crore posted in the year-ago quarter. Its revenue from operations grew 3.5% YoY to Rs 888 crore from Rs 858 crore posted last year. EBITDA stood at Rs 151 crore, down 41% from Rs 256 crore posted in September 2020 quarter. Its margin contracted to 17% in Q2FY22 from 30% posted in Q2FY21.
– Granules Q2 business was unfavourably impacted due to difficulties in procuring Raw materials, mainly from China
– Income growth is driven by new launches and increased market share for existing products margin % drop due to a reduction in margins of all major products especially Paracetamol due to an increase in KSM prices and increased logistics cost.
– Price pressure in the USA has also resulted in a marginal drop in Gross margin for Core product
Glenmark Pharma: The pharmaceutical company has reported a 17.5% YoY rise in the profit at Rs 275 crore for the quarter ended September 30, 2021, as against Rs 234 crore posted in the year-ago quarter. Its revenue grew 6% YoY to Rs 3,147 crore from Rs 2,952 crore posted last year. EBITDA stood at Rs 590 crore, up 6% from Rs 553 crore posted in September 2020 quarter. Its margin was 18.8% in Q2FY22 against 18.72% posted in Q2FY21.
Apollo Hospital: The healthcare company has reported a YoY rise in profit at Rs 267 crore for the quarter ended September 30, 2021, as against Rs 59 crore posted in the year-ago quarter. Sequentially, the profit declined by 45% from Rs 491 crore. Its revenue grew by 35% YoY to Rs 3,717 crore as against Rs 2,761 crore posted last year. Sequentially, the revenue declined by 1.1% from Rs 3,760 crore. EBITDA stood at Rs 615 crore, up 2.05 times from Rs 200 crore posted in September 2020 quarter. Its margin improved to 16.5% in Q2FY22 from 11% posted in Q2FY21 and 13.8% posted in Q1FY22.
City Union Bank: The private lender reported a 15% YoY rise in the profits at Rs 182 crore for the quarter ended September 30, 2021, as against Rs 158 crore posted in the year-ago quarter. Its net interest income grew 1% YoY to Rs 475 crore posted last year. Its gross NPA stood at 5.58% in Q2FY22 against 5.59% posted in Q1FY22. The net NPA stood at 3.48% in Q2FY22 against 3.49% posted in Q1FY22. It made provisions of Rs 150 crore in the reported quarter against Rs 180 crore made in Q1FY22.
BEML: State-owned mining company has reported a 37.8% YoY decline in the consolidated profit at Rs 10.7 crore for the quarter ended September 30, 2021, as against a profit of Rs 17.2 crore posted in the year-ago quarter. Its revenue from operations grew by 50.6% YoY to Rs 1,000 crore from Rs 664 crore posted last year. EBITDA stood at Rs 27 crore, down 30.8% YoY from Rs 39 crore posted last year. Margin contracted to 2.7% in Q2FY22 from 5.9% posted in Q2FY21.
Sterling & Wilson: The MEP (Mechanical, Electrical & Plumbing) Services Company has reported a consolidated loss of Rs 285 crore for the quarter ended September 30, 2021, as against a profit of Rs 23.5 crore posted in a year-ago quarter. Its revenue from operations grew 7.6% YoY to Rs 1,438 crore from Rs 1,337 crore posted last year. It posted a negative EBITDA of Rs 295 crore in the reported quarter as against a positive EBITDA of Rs 5 crore posted last year. Direct project cost shot up from Rs 461 crore to Rs 959 crore.
Nykaa: The online store company has reported a 95.6% YoY decline in the consolidated profit at Rs 1.2 crore for the quarter ended September 30, 2021, as against Rs 27.5 crore posted in a year-ago quarter. Its revenue grew by 46.5% YoY to Rs 885 crore from Rs 605 crore posted last year. EBITDA stood at Rs 29 crore, down 47.3% YoY from Rs 55 crore posted last year. Margin contracted to 3.3% in Q2FY22 against 9.1% posted in Q2FY21. Promoter entity Falguni Nayar Family Trust creates a pledge of 4.30% of their overall holding of 22.06%. Reason: Security for Loan.
FORTIS: The healthcare company has reported a YoY rise in profit at Rs 107 crore for the quarter ended September 30, 2021, as against a loss of Rs 4 crore posted in the year-ago quarter. Its revenue grew by 47% YoY to Rs 1,463 crore as against Rs 995 crore posted last year. EBITDA stood at Rs 284 crore, up 137% from Rs 120 crore posted in September 2020 quarter. Its margin improved to 19% in Q2FY22 from 12% posted in Q2FY21.
Burger King: Fast food restaurant company has reported a consolidated loss of Rs 20 crore for the quarter ended September 30, 2021, as against a loss of Rs 38 crore it incurred in the year-ago quarter. Its revenue from operations grew 153% YoY to Rs 245 crore in the period under consideration from Rs 97 crore posted last year. EBITDA stood at Rs 26 crore against Rs 0.6 crore posted last year.
Paras Defence: The company has reported a 72.3% YoY rise in the consolidated profit at Rs 8.1 crore for the quarter ended September 30, 2021, as against Rs 4.7 crore posted in the year-ago quarter. Its revenue from operations grew 58.8% YoY to Rs 50.5 crore against Rs 31.8 crore posted last year. EBITDA stood at Rs 15.2 crore, up 43.4% from Rs 10.6 crore posted last year. Margin contracted to 30.1% in Q2FY22 from 33.3% posted in Q2FY21.
Speciality Restaurant: The company has reported a consolidated profit of Rs 2.6 crore for the quarter ended September 30, 2021, as against a loss of Rs 14.4 posted in the year-ago quarter. Its revenue from operations grew 216.3% YoY to Rs 62 crore against Rs 19.6 crore posted last year. EBITDA stood at Rs 10.5 crore against an EBITDA loss of Rs 5.5 crore posted last year.
IRCTC: Railways has restored the passenger train services to pre-COVID levels in the next few days, the Indian Railways has said. As many as 1,700 trains will stand restored within a few days. Train fare will also be the same as before. After Friday’s order, the trains, which had been running as “special” trains with additional charges, too will cease and the special charges will not be levied.
Route Mobile: Route Mobile Ltd on Saturday said its Fund Raising Committee has approved the issue and allotment of over 46.84 lakh equity shares via qualified institutional placement (QIP) aggregating to Rs 867.5 crore. In a regulatory filing, Route Mobile said its Fund Raising Committee has approved the allotment of 46,84,116 equity shares to eligible qualified institutional buyers (QIBs) at the issue price of Rs 1,852 per equity share (including a premium of Rs 1,842 per equity share). Investors include names like HSBC Global, SocGen, RBC Asia, Kuber India among others.
Shilpa Medicare: The company has allotted 52,75,000 Equity Shares of the Company having a face value of Re 1 each at a price of Rs 564 per share on a preferential basis. It has raised Rs 297.51 crore through the issue. Madhusudan Kela, Malabar Fund and Think India Approaches in the list of allottees.
IGL: Hikes CNG prices in the Delhi-NCR region. It hikes the price by Rs 2.28 per kg in Delhi and Rs 2.56 per kg in Noida and Ghaziabad. CNG became costlier by Rs 6.84 per kg in Delhi for 45 days.
MSTC: Strategic disinvestment of Ferro Scrap Nigam Limited will be made as per the instructions of DIPAM.
Tata Coffee/CCL Products: New Delhi: The prices of coffee have hit a seven-year high on Friday due to supply chain constraints.
