Stocks in Focus on June 29: ITC, Zee Media, Bajaj Auto to HDFC Bank; here are the 5 Newsmakers of the Day

Key domestic benchmarks ended with strong gains on Friday, June 26, 2020. Positive global cues boosted sentiment. The barometer S&P BSE Sensex rallied 329.17 points or 0.94% at 35,171.27. The Nifty 50 index added 94.10 points or 0.91% at 10,383. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Monday, June 29, 2020. List of such five stocks:

ITC/ Coal India/ NTPC/ Glenmark Pharma/ NALCO/ HUDCO/ Avanti Feeds/ BEML/ Atul Auto/ Finolex Cables/ NHPC/ Sobha/ Olectra Greentech/ D-Link/ Zee Media/ Eris LifeScience/ Oil India: They are the companies that reported their financial results of the fourth quarter of financial year 2019-20 (FY20) after the market hours on Thursday, June 25, 2020. Find details:

ITC: ITC on Friday reported a 9% YoY rise in its standalone profit at Rs 3,797 crore for the quarter ended on March 31, 2020, i.e. Q4FY20. Its posted a profit of Rs 3,482 crore in the corresponding quarter last year, i.e. Q4FY19. Zee Business analysts had estimated the March quarter net profit at Rs 3,680 crore. The cigarettes-to-hotels business reported revenue of Rs 10,842 crore, down by 9.5%, for the quarter under review, compared with revenue of Rs 11,992 crore in the same quarter a year ago. EBITDA stood at Rs 4,164 down 8.9% from Rs 4,572 posted last year. The margin grew marginally to 38.4% against 38.1% posted last year. Besides, the board of the company has declared a hefty dividend of Rs 10 a share.

Coal India: The Maharatna company on Friday reported a 23% year-on-year fall in its consolidated profit at Rs 4,626 crore for the quarter ended March 31. It had posted a net profit of Rs 6,026.47 crore in the corresponding quarter last year. Consolidated revenue fell 4% YoY to Rs 27,568 crore, in the quarter under review, compared to the revenue of Rs 28,584.98 crore posted in the same quarter last year. EBITDA stood at Rs 6,729 crore, down 18% from Rs 8,240.94 crore posted last year. The margin contracted to 24.4% against 28.8%.

NTPC: State-run NTPC on Saturday reported a 71% year-on-year decline in its standalone profit at Rs 1,252.4 crore in the quarter ended on March 31, 2020. The company posted a net profit of Rs 4.350 crore in the corresponding quarter last year. Revenue from operations grew by 28.4% to Rs 27,247 crore against Rs 21,222 crore posted a year ago. EBITDA stood at Rs 7,218 crore, up 57.6% from Rs 4,644 crore reported in Q4FY19. The margin grew to 26.8% from 22% posted last year. The company board recommended a final dividend of Rs. 2.65 per equity share for FY20.

Glenmark Pharmaceuticals: Glenmark Pharma on Friday reported a 36% year-on-year rise in its consolidated profit at Rs 220 crore for the quarter ended on March 31, 2020. It posted a net profit of Rs 162 crore in the same quarter last year. Revenue from operations grew 8% to Rs 2,767.4 crore against Rs 2,563 crore posted a year ago. EBITDA in Q4FY20 stood at Rs 465.6 crore, up 28% from Rs 364.1 crore posted in Q4FY19. The margin grew to 16.8% against 14.2% of last year.

NALCO: National Aluminium Co Ltd (NALCO) on Friday reported a 56% year-on-year decline in its profit at Rs 102.7 crore in the quarter ended on March 31, 2020. It posted a net profit of Rs 233.6 crore in the corresponding quarter of the previous fiscal year. Revenue from operations declined 30% to Rs 1,936 crore from Rs 2,766 crore posted in Q4FY19. EBITDA stood at Rs 503.5 crore, down 60% against Rs 608.3 crore posted last year. The margin declined to 10.7% against a margin of 18.7% posted last year.

HUDCO: State-owned HUIDCO on Friday reported an 87% year-on-year rise in profit at Rs 440.9 crore in the quarter ended on March 31, 2020. Its profit stood at Rs 236.3 crore in the March quarter of FY19. Its revenue from operations grew 28% to Rs 1,888.5 crore, in the quarter under review, compared to Rs 1,474.8 crore posted last year. EBITDA stood at Rs 1,724 crore, up 31,2% from Rs 1,474.8 crore posted a year ago in the same quarter. The margin grew to 91.3% from 89.1%.

Avanti Feeds: Avanti Feeds Ltd announced its Q4FY20 results on Saturday and reported a 30% year-on-year rise in consolidated profit at Rs 98.7 crore against a profit of Rs 76 crore posted in Q4FY19. Revenue grew 21% to Rs 1,035 crore against revenue of Rs 858 crore posted last year. EBITDA stood at Rs 125 crore against Rs 93.4 crore of last year. The margin was 12% against 10.9% margin posted last year. 

BEML LTD: BEML has announced the financial results of the quarter ended on March 31, 2020, and reported a standalone profit of Rs 186 crore. It posted a net profit of Rs 162 crore a year ago in the same quarter. Revenue from operations fell by 22% to Rs 1,066 crore from Rs 1,368.5 crore posted a year-ago quarter. EBITDA stood at Rs 144 crore, down 43% from Rs 253.73 crore posted last year. Margin contracted to 13.5% against 18.5%.

Atul Auto: The leading three-wheeler manufacturer, Atul Auto, has announced the financial results of the quarter ended on March 31, 2020, and reported 68% year-on-year decline in its consolidated profit to Rs 3.8 crore. It posted a profit of Rs 11.8 crore in the same quarter last year. Its revenue declined 32% to Rs 113 crore, in the quarter under review, compared to Rs 167 crore posted last year. EBITDA stood at Rs 5.8 crore, down 70% from Rs 19 crore posted last year. The margin contracted to 5.1% in Q4FY20 from margin of 11.1% of Q4FY19.

Finolex Cables: It announced its results of the quarter ended on March 31, 2020, and reported a 76% decline in consolidated profit at Rs 32 crore. It posted a net profit of Rs 132 crore in the corresponding quarter last year. Revenue from operations grew by 21% to Rs 651 crore, in the period under review, compared to Rs 823 crore posted a year ago in the same quarter. EBITDA stood at Rs 80 crore, down 44% from Rs 144 crore. The margin contracted to 12.3% from 17.5% posted last year. 

NHPC: State-owned hydro power giant NHPC reported a 60% year-on-year decline in consolidated profit to Rs 239 crore in Q4FY20. Its consolidated net profit was Rs 603 crore in Q4FY19. Its revenue grew 1% to Rs 2,170 crore, in the quarter under review, compared to revenue of Rs 2,158 crore posted in the corresponding quarter last year. EBITDA stood at Rs 712 crore, down 36% from Rs 1,118 crore. The margin contracted to 32.8% against 51.8%. 

Sobha Ltd: The company has reported a 55% year-on-year decline in its consolidated profit at Rs 51 crore in the quarter ended on March 31, 2020. It posted a net consolidated profit of Rs 113 crore in the corresponding quarter last year. Its revenue declined 35% to Rs 910 crore in Q4FY20 from Rs 1,398 crore posted in Q4FY19.

Olectra Greentech: The company has announced the financial results of the quarter ended on March 31, 2020, and reported a consolidated profit of Rs 17.4 crore as compared to a loss of Rs 2.12 crore in the corresponding quarter last year. Revenue from operations grew 38% in Q4FY20 to Rs 70.44 crore against revenue of Rs 50.87 crore posted in Q4FY19.

D-Link India: D-Link India posted the financial results of the quarter ended on March 31, 2020, and reported a consolidated profit of Rs 9 crore, up 29% from a net profit of Rs 7 crore posted in the corresponding quarter last year. Revenue from operations declined 11% to Rs 164 crore in Q4FY20 against a revenue of Rs 185 crore posted in Q4FY19.

Zee Media Corporation: Zee Media on Saturday posted a consolidated profit of Rs 11.14 crore in the quarter ended on March 31, 2020. It posted a net loss of Rs 182 crore in the quarter ended on December 31, 2019. The company’s revenue stood at Rs 138 crore, down 11% from Rs 156 crore posted in Q3Fy20. 

Eris Lifesciences: The company has posted a net profit of Rs 56.2 crore in the quarter ended on March 31, 2020. Its profit stood at Rs 53.8 crore a year ago in the same quarter. Revenue from operations stood at Rs 248.5 crore compared to revenue of Rs 214.5 crore posted last year. EBITDA stood at Rs 77.2 crore against Rs 62.1 crore and the margin grew to 31% from 28.9% posted last year. Oil India: Oil India has reported a consolidated profit of Rs 1,597 crore in the quarter ended on March 31, 2020. It posted a loss of Rs 70.59 crore in the quarter ended on December 31, 2019. Its revenue from operations stood at Rs 2,607 crore, in the quarter under review, compared to net consolidated revenue of Rs 2,957 crore posted in Q3FY20. EBITDA stood at a loss of Rs 476 crore in Q4FY20 against the profit of Rs 1,094 crore posted in Q3FY20. 

Piramal Enterprises: The US-based global investment firm Carlyle Group Inc Carlyle Group to buy 20% stake in Piramal Pharma for over Rs 3,700 crore. 

S&P Rating + Axis Bank: S&P Global Ratings on Friday lowered its ratings on Axis Bank and Bajaj Finance to junk. The rating agency downgraded Axis Bank’s issuer credit rating to BB+/stable/B from BBB-/negative/A-3 earlier. When a bond's rating drops into the double-B category, it falls into the junk bond territory. Axis Bank on Saturday clarified that S&P Global ratings inadvertently mentioned the bank being on credit watch. In a notification to the stock exchanges, the private sector lender said that S&P confirmed that it was an editorial error and the bank is on stable outlook. S&P downgraded Bajaj Finance’s issuer credit rating to BB+/stable/B from BBB-/negative/A-3 earlier. 

Bajaj Auto: The two and three-wheeler maker on Friday said that 140 employees had tested positive for the coronavirus, while two others had succumbed to the contagion at the Waluj facility in Aurangabad.

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HDFC Bank: Private sector lender HDFC Bank is planning to raise up to Rs 13,000 crore via QIP in India and issuance of American Depository Receipts (ADRs) in the third quarter of 2020-21.