Stocks in Focus on June 26: IRCTC, Ashok Leyland, CONCOR to Vedanta; here are expected newsmakers of the day

Stocks in Focus on June 26: At the domestic stocks markets, Sensex and Nifty ended with marginal losses on Thursday, June 25, 2020. The barometer S&P BSE Sensex declined 26.88 points or 0.08% at 34,842.10. The Nifty 50 index fell 16.4 points or 0.16% at 10,288.90. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Friday, June 26, 2020. List of such five stocks:

CONCOR/ Ashok Leyland/ Apollo Hospitals/ Star Cement/ Goodricke/ Endurance Tec/ V2 Retail/ EIL/ Insecticides India/ INEOS Styrolution/ Ion Exchange/ Varroc Engineering: They are the companies that reported their financial results of the fourth quarter of the financial year 2019-20 (FY20) after the market hours on Thursday, June 25, 2020. Find details:

Container Corporation of India Ltd (CONCOR): State-owned CONCOR on Thursday reported a 16.5% year-on-year decline in standalone profit to Rs 294 crore for the quarter ended on March 31, 2020. It posted a net profit of Rs 352 crore in the corresponding quarter last year. Revenue from operations declined 14.5% to Rs 1,568.6 crore in Q4FY20 from Rs 1,834 crore posted in Q4FY19. EBITDA grew 1.6% to Rs 474.5 crore against Rs 467 crore posted last year. The margin grew to 30.2% from 25.5% posted last year. The board has approved a final dividend of Rs 2.85 per share.

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Ashok Leyland: Hinduja Group flagship firm Ashok Leyland on Thursday announced the financial results for the quarter that ended on March 31, 2020, and reported a loss of Rs 57 crore. The automobile company has posted a profit of Rs 653 crore in the corresponding quarter of the last financial year (FY19). Its revenue from operations declined 56.6% to Rs 3,838 crore as compared with the revenue of Rs 8,846 crore posted a year ago in the same quarter. EBITDA stood at Rs 182 crore, down 81.5% from Rs 985 crore. The margin contracted to 4.7% in Q4FY20 from 11.1% of Q4FY19. 

Apollo Hospitals Enterprise Ltd (AHEL): Healthcare major Apollo Hospitals on Thursday reported a 158% year-on-year rise in profits to Rs 219 crore in the March quarter of the financial year 2019-20. It posted a net profit of Rs 84.9 crore in Q4FY19. Revenue from operations grew by 16.9% to Rs 2,922 crore against Rs 2,499.5 crore posted last year. EBITDA stood at Rs 399 crore, up 42.7% from Rs 280 crore. The margin of AHEL grew to 13.7% in Q4FY20 as compared with a margin of 11.2% posted in Q4FY19. Besides, the board has approved a final dividend of Rs 2.75/share. 

Star Cement: The cement manufacturing company on Thursday reported a 4.5% year-on-year decline in the consolidated profit of Rs 85.8 crore in the quarter that ended on March 31, 2020. It posted a net profit of Rs 89.8 crore in the same quarter in the previous financial year. Revenue from operations grew 2.8% to Rs 549.4 crore as compared to revenue of Rs 534.4 crore posted last year. EBITDA stood at Rs 124.7 crore, down 1.8% from Rs 127 crore posted last year. The margin contracted to 22.7% from 23.8%. 

Goodricke Group: Premium tea maker Goodricke Group on Thursday reported a loss of Rs 47 crore in the quarter that ended on March 31, 2020, as against the net loss of Rs 56.8 crore posted during the previous quarter ended on March 31, 2019. Revenue declined 21.4% to Rs 88 crore in Q4FY20 against Rs 112 crore posted in Q4FY19. EBITDA loss grew to Rs 46.3 crore against the loss of Rs 41 crore posted previous year. 

Endurance Technologies: The leading automotive component manufacturing company on Thursday reported a 28.1% decline in consolidated profit at Rs 106.8 crore in the quarter ended on March 31, 2020. It posted a net profit of Rs 148.6 crore in the corresponding quarter last year. Revenue declined 16% to Rs 1,596.8 crore against Rs 1,900 crore posted last year. EBITDA stood at Rs 238 crore in Q4FY20, down 26.6% from Rs 324 crore posted in Q4FY19. The margin contracted to 14.9% from 17.1%.
 
V2 Retail: The retailer on Thursday reported a consolidated loss of Rs 11.6 crore for the quarter ended on March 31, 2020. It earned a net profit of Rs 4.2 crore a year ago in the same quarter. Its revenue from operations declined by 21% to Rs 129.2 crore from Rs 163.9 crore posted last year. EBITDA stood at Rs 3 crore, down 29% from Rs 4.3 crore. The margin contracted to 2.4% from 2.6%.
 
Engineers India Ltd. (EIL): The company on Thursday reported a 34.8% rise in the profit to Rs 120 crore in the quarter ended on March 31, 2020. It posted a net profit of Rs 89 crore a year ago in the same quarter. Revenue increased 39.8% to Rs 864 crore against Rs 618 crore posted last year. EBITDA stood at Rs 113.4 crore, up 23% as compared to Rs 92 crore, posted last year. The margin contracted to 13.1% against 14.9%. The board has approves the final dividend of Rs 1.55 per share. Insecticides (India) Ltd: Agrochemical maker Insecticides (India) Ltd on Thursday reported a consolidated net loss of Rs 7.1 crore for the quarter ended on March 31, 2020. Its profit stood at Rs 28.6 crore a year ago in the same quarter. Revenue from operations increased 19.1% to Rs 238.7 crore against the revenue of Rs 200.5 crore posted last year. EBITDA declined to a loss of Rs 2.5 crore against the profit of Rs 30 crore posted last year. 

INEOS Styrolution: The global styrenics supplier on Thursday reported a profit of Rs 4.5 crore in the quarter ended on March 31, 2020. It posted a net loss of Rs 13.6 crore a year ago in the same quarter. Its revenue from operations declined 25.5% to Rs 359 crore in Q4Fy20 against Rs 482.2 crore in Q4FY19. EBITDA stood at Rs 21.2 crore from an EBITDA loss of Rs 8 crore posted last year. 

Ion Exchange: The manufacturer and distributor of water treatment equipment and products on Thursday reported a 21.1% year-on-year decline in the consolidated profit of Rs 28 crore in the quarter ended on March 31, 2020. It posted a net profit of Rs 35.5 crore in the corresponding quarter last year. Revenue declined 18.7% to Rs 351 crore against Rs 431.8 crore posted last year. EBITDA stood at Rs 39,2 crore, down 34.6% from Rs 60 crore and the margin contracted to 11.2% against 13.9%. The board approved a final dividend of Rs 1.5 per share.
 
Varroc Engineering: The auto component group Varroc Engineering on Thursday reported a consolidated loss of Rs 137.5 crore in the March quarter of FY20. It posted a net profit of Rs 128.3 crore in the corresponding quarter last year. Revenue from operations declined 13% to Rs 2,744.7 crore against Rs 3,153.4 crore posted a year ago. EBITDA stood at Rs 67.9 crore, down 74.2% from last year’s Rs 263 crore. The margin contracted to 2.5% against 8.3%.

Vedanta: Billionaire Anil Agarwal-controlled Vedanta Ltd on Thursday said it has received shareholders' nod for delisting the company. 93.3% of shareholders have voted in favour of the delisting.

PNC Infratech: PNC Infratech on Thursday said it has won a Rs 1,412 crore highway project from the National Highways Authority of India (NHAI) in Uttar Pradesh. It received a Letter of Award (LOA) on June 24, 2020, for an NHAI Project of 53.95 km long four-laning of Meerut-Nazibabad section of NH-119 (New NH-34). The project under Bharatmala Pariyojna will be executed on hybrid annuity mode (HAM).

IRCTC: Indian Railways on Thursday cancelled all regular time-tabled passenger train services till August 12. The trains include regular time-tabled mail or express trains and suburban rail services across the country. However, the special Rajdhani trains that started from May 12, 2020, will be functional. Besides, the 200 special mail and express train services introduced by the railways from June 1, 2020, will remain operational till August 12, 2020.

EVENTS: There are certain events, like rebalancing and lot size revision, scheduled to held today which may have some impact on the domestic share markets. Find it in details:

Nifty/Bank Nifty Quarterly Rebalancing will be effective today. Quarterly rebalancing of the Nifty Bank and Nifty 50 Index will be effective from today. 

F&O Lot size revision: There will be a change in lot size of 73 shares from today.