Stocks in Focus on May 21: IRCTC, Bajaj Auto to Aviation Stocks, Indiabulls Group; here are expected newsmakers of the day

Stocks in Focus on May 21: Key domestic benchmarks rallied on Wednesday, May 20, 2020, supported by firmness in HDFC twins and Reliance Industries. The Nifty Bank index snapped its four-day losing streak and ended with strong gains. The barometer S&P BSE Sensex jumped 622.44 points or 2.06% at 30,818.61. The Nifty 50 index gained 187.45 points or 2.11% at 9,066.55. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Thursday, May 21, 2020. List of such five stocks:

Bajaj Auto/ Jubilant FoodWorks/ Strides Pharma/ Mahindra Logistics/ JK Lakshmi Cement/ Ajanta Pharma: These companies have declared their March quarter results after the market was closed on Wednesday. Find Details:

Bajaj Auto: Pune-based Bajaj Auto Ltd has reported a 0.3% year-on-year increase in standalone net profit at Rs 1,310 crore in the fourth quarter of Financial Year 20219-20 (Q4FY20). It posted a net profit of Rs 1,305.6 crore in the same quarter last year. Its revenue from operation declined 8.15% in the March quarter. The company’s revenue from operations stood at Rs 6,816 crore for Q4FY20 as against Rs 7,420 crore for the year-ago period. EBITDA grew 2.2% to Rs 1,253 crore from Rs 1,226 crore posted last year. EBITDA margin, a measure of the company’s efficiency, widened by around 200 basis points in March quarter FY20 to 18.4% from 16.5% posted last year. Manufacturing facilities at Chakan, Waluj and Pantnagar have opened, but are not working at full pace.

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Jubilant FoodWorks: The Company on Wednesday reported 58% year-on-year (YoY) decline in consolidated net profit at Rs 32.5 crore for the fourth quarter that ended on March 31, 2020, due to the coronavirus pandemic and subsequent lockdown. It has posted a net profit of Rs 77.4 crore in the same quarter last year. The revenue from operations of the company, which operates fast-food chains Domino's Pizza and Dunkin' Donuts, rose by 4.1% to Rs 908.8 crore as compared to Rs 872.8 crore posted a year ago. EBITDA was 189.9 crore, up 19%, from Rs 159.6 crore. The margin grew to 20.9% from 18.3%. SSG less than 3% is negative. Reported an exceptional loss of Rs 12.4 crore due to COVID-19 provision.

Strides Pharma science: Strides Pharma Science on Wednesday reported a consolidated net loss of Rs 206.6 crore year-on-year for the quarter ended March 31, 2020, mainly on account of one-time exceptional item. The company had posted a net profit of Rs 44.7 crore for the corresponding period of the previous financial year. Revenue from operations was Rs 618.6 crore against Rs 616.2 crore posted last year. EBITDA declined to Rs 65 crore from Rs 92.8 crore posted last year. Besides, the company’s board has recommended a final dividend of at Rs. 2 per equity share of Rs. 10 each for the financial year ended March 31, 2020.
 
Mahindra Logistics: Mahindra Logistics (MLL) on Wednesday posted a 58% year-on-year decline in consolidated net profit to Rs 9.9 crore in Q4FY20 as compared to Rs 23.7 crore posted in the corresponding quarter a year ago. The logistics firm said its revenue fell 20% to Rs 811.8 crore as against Rs 1,014.7 crore in the corresponding quarter a year ago. The company's EBITDA fell 2.6% to Rs 41.1 crore against Rs 42.8 crore posted last year. EBITDA Margin rose almost 100 basis points to 5.1% in Q4FY20 from 4.2% in Q4FY19. Besides, the company’s board has recommended a final dividend of Rs. 1.5 per equity share of the face value of Rs. 10/- each for the financial year ended 31 March 2020. The dividend payout is subject to Members' approval at the 13th AGM.

JK Lakshmi Cement: JK Lakshmi Cement on Wednesday reported more than two-fold jump year-on-year in consolidated net profit to Rs 99.2 crore for the fourth quarter ended on March 2020, helped by cost reductions. The company had posted a profit of Rs 40.9 crore in the January-March period a year ago. However, the revenue from operations in the March quarter declined 11% to Rs 1,137.5 crore against Rs 1,279.3 crore. EBITDA stood at Rs 365.8 crore, up 31.8%, from Rs 277.5 crore posted last year. The margin increased to 32.2% from 21.7% posted last year. 

Ajanta Pharma: Ajanta Pharma on Wednesday reported a 45.3% year-on-year rise in its consolidated net profit to Rs 129.2 crore for the quarter ended March 31, mainly on account of robust sales in all markets. The company had posted a net profit of Rs 88.9 crore in the corresponding period of the previous financial year. The company’s consolidated revenue from operations of the stood at Rs 682 crore, up 32%, for the quarter under consideration as against Rs 515.2 crore for the corresponding period a year ago. EBITDA grew 61.6% to Rs 208 crore from Rs 128.7 crore; while margin stood at 30.5% against 25% posted a year ago.

Aviation stocks in focus: The domestic civil aviation operations will recommence in a calibrated manner from May 25, 2020. Civil Aviation Minister Hardeep Singh Puri in a tweet said all airports and air carriers are being informed to be ready for operations from Monday.  Standard Operating Procedures (SOPs) for passenger movement is also being separately issued by the Ministry of Civil Aviation. Besides, private airlines will soon be a part of the world’s largest repatriation exercise — Vande Bharat — and bring home Indians stranded abroad at fares similar to those being offered by Air India and AI Express.

Eicher Motors: Indian motorcycle company Royal Enfield claimed that it is recalling 15,200 units of three models across the UK, Europe and Korea to replace a brake part.

IRCTC: Indian Railways has announced that the online booking for the new set of 200 IRCTC special trains will begin from today, May 21, 10 AM onwards. The 200 special trains will begin services from June 1. The list of new IRCTC special trains includes Janshatabdi trains and Duronto trains with non-AC coaches as well.

Indiabulls Group: Mortgage financier Indiabulls group is understood to have laid off almost 2,000 employees amid the lockdown.