Stocks to watch: Shares of firms like Tata Steel, Bajaj Auto, Cipla, ITC, Coal India, Emami, and others will be in focus on Tuesday’s trade
Stocks To Watch On January 28: Domestic markets started the week on a weak note, with losses of over 1% as the ongoing corrective trend continued. Today, shares of Tata Steel, Bajaj Auto, Cipla, ITC, Coal India, and others will be in focus due to various news developments and third-quarter results.
Earnings Today: Several companies are set to announce their quarterly earnings on January 28, including Bajaj Auto, BHEL, Bosch, CG Power and Industrial Solutions, Cipla, Colgate Palmolive, CSB Bank, Exide Industries, GMR Airports, Hindustan Zinc, Home First Finance Company, Hyundai Motor India, Indian Oil Corporation, JSW Energy, JSW Infrastructure, Le Travenues Technology, Mahindra & Mahindra Financial Services, Mahanagar Gas, Motilal Oswal Financial Services, Novartis India, Piramal Pharma, RITES, Route Mobile, R R Kabel, SBI Cards and Payment Services, SIS, Star Health and Allied Insurance Company, Suzlon Energy, TTK Prestige, TVS Motor Company, UTI AMC, and Baazar Style Retail.
IGL: Indraprastha Gas Limited (IGL) reported a net profit of Rs 286 crore for the third quarter, with revenue from operations amounting to Rs 3,759 crore during the same period.
ITC: Kolkata-based diversified conglomerate ITC Ltd. announced that its subsidiary, ITC Hotels, which was recently demerged from the parent company, will be listed on stock exchanges on January 29.
Coal India: State-run miner Coal India reported a 17% decline in its consolidated net profit for the December quarter, posting Rs 8,506 crore compared to Rs 10,253 crore in the same period last year.
Tata Steel: Tata Steel reported a Q3 net profit of Rs 29.5 crore, down significantly from Rs 52.2 crore YoY. The company’s revenue was Rs 5,365 crore, a decrease from Rs 5,531 crore YoY. EBITDA was Rs 590 crore, compared to Rs 626 crore YoY, with the EBITDA margin at 11%, slightly down from 11.3% YoY.
Federal Bank: Federal Bank posted a Q3 net profit of Rs 95.5 crore, down from Rs 101 crore YoY. The bank’s revenue increased to Rs 680 crore from Rs 573 crore YoY. GNPA improved to 1.95% from 2.09% in the previous quarter, while NNPA dropped to 0.49% from 0.57%. Provisions and contingencies amounted to Rs 29 crore, up from Rs 15.8 crore QoQ.
Petronet LNG: Petronet LNG reported a Q3 net profit of Rs 87 crore, up from Rs 85 crore QoQ. Revenue declined to Rs 1,220 crore from Rs 1,300 crore QoQ. EBITDA was Rs 125 crore, compared to Rs 119.9 crore QoQ, and the EBITDA margin rose to 10.21% from 9.21% QoQ.
Union Bank of India: Union Bank posted a Q3 net profit of Rs 460 crore, up from Rs 359 crore YoY but slightly down from Rs 472 crore QoQ. Revenue grew to Rs 2,696 crore from Rs 2,540 crore YoY. The bank’s GNPA improved to 3.85% from 4.36% QoQ, and NNPA decreased to 0.82% from 0.98%. Provisions for NPA were Rs 148 crore, lower than Rs 250 crore in the previous quarter.
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Tata Power: Tata Power’s solar manufacturing arm, TP Solar, secured a Rs 455 crore contract to supply 300 MWp ALMM modules to Maharashtra State Power Generation Company Limited.
Maharashtra Seamless: Maharashtra Seamless reported a Q3 net profit of Rs 18.6 crore, a decline from Rs 27.5 crore YoY and Rs 22 crore QoQ. Revenue decreased to Rs 141 crore from Rs 143 crore YoY. EBITDA was Rs 28 crore, compared to Rs 37 crore YoY, with an EBITDA margin of 19.86%, down from 25.83% YoY.
Emami: Emami posted a Q3 net profit of Rs 27.8 crore, up from Rs 26 crore YoY and Rs 21.2 crore QoQ. Revenue grew to Rs 105 crore from Rs 99.6 crore YoY. EBITDA was Rs 35.4 crore, compared to Rs 33 crore YoY, with an EBITDA margin of 33.69%, slightly higher than 33.28% YoY. The company declared an interim dividend of Rs 4 per equity share.
Aurionpro Solutions: Aurionpro Solutions reported a Q3 net profit of Rs 47.34 crore, up from Rs 45.1 crore in the previous quarter. Revenue grew to Rs 306 crore from Rs 278 crore QoQ. The company’s Q3 EBIT was Rs 56.37 crore, compared to Rs 49.1 crore in the prior quarter. The EBIT margin improved to 18.41% from 17.65%. Aurionpro declared an interim dividend of Rs 1 per equity share.
Kaynes Technology India: Kaynes Technology posted a Q3 net profit of Rs 6.65 crore, up from Rs 4.52 crore YoY and Rs 6.02 crore QoQ. Revenue rose to Rs 66 crore from Rs 50.9 crore YoY. EBITDA was Rs 9.41 crore, compared to Rs 6.99 crore YoY, with an EBITDA margin of 14.23%, up from 13.72% YoY.
Prudent Corporate Advisory Services: Prudent Corporate Advisory Services reported a Q3 net profit of Rs 4.82 crore, up from Rs 3.57 crore YoY but down from Rs 5.15 crore QoQ. Revenue increased to Rs 28.5 crore from Rs 21 crore YoY. EBITDA was Rs 6.59 crore, compared to Rs 5 crore YoY, with an EBITDA margin of 23.13%, slightly down from 23.82%.
Jindal Drilling: Jindal Drilling posted a Q3 net profit of Rs 4.88 crore, up from Rs 3.11 crore YoY and Rs 1.58 crore QoQ. Revenue stood at Rs 23.9 crore, up from Rs 18.3 crore YoY. EBITDA was Rs 8.07 crore, up from Rs 5.5 crore YoY, with an EBITDA margin of 33.69%, compared to 30.07% YoY.
Indraprastha Gas: Indraprastha Gas posted a Q3 net profit of Rs 28.6 crore, a decline from Rs 43 crore in the previous quarter and ahead of the estimated Rs 18.3 crore. Revenue increased to Rs 415 crore from Rs 409 crore QoQ. EBITDA was Rs 36.4 crore, down from Rs 53.5 crore QoQ, with an EBITDA margin of 8.78%, compared to 13.11% in the previous quarter.
Bajaj Housing Finance: Bajaj Housing Finance reported a Q3 net profit of Rs 55 crore, up from Rs 44 crore YoY and slightly higher than Rs 54.5 crore QoQ. Revenue increased to Rs 245 crore from Rs 194.6 crore YoY.
Aditya Birla Sun Life: The company posted a Q3 net profit of Rs 22.4 crore, compared to Rs 20.9 crore YoY and Rs 24 crore QoQ. Revenue grew to Rs 44.5 crore from Rs 34.1 crore YoY.
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