Stocks in Focus on April 28: Campus Activewear IPO, HUL, Bajaj Auto FMCG Stocks, Ambuja Cement and many more
Indian equity benchmarks ended the volatile trading session with modest losses on Wednesday, April 27, 2022.
Indian equity benchmarks ended the volatile trading session with modest losses on Wednesday, April 27, 2022. The S&P BSE Sensex fell 537.22 points, or 0.94%, to settle at 56,819.39. The Nifty 50 index slipped 162.40 points, or 0.94%, to trade at 17,038.40. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Thursday, April 28, 2022. List of such Stocks:
IPO Update: Campus Activewear + Rainbow Children’s Medicare
Campus Activewear: The Rs 1,400 crore initial public offering IPO of Campus Activewear which opened for bidding on Tuesday was subscribed 3.21 times by day end on Wednesday. The Qualified Institutional Buyers (QIBs) portion was subscribed 0.13 times, while the Non-Institutional Investors (NIIs) portion was subscribed 5.67 times and the Retail Individual Investors (RIIs) portion was subscribed 3.94 times. The price band for the issue is set at Rs 278-292 per equity share. The issue will close today, i.e., on April 28, 2022.
Rainbow Children’s Medicare IPO: CDC Group-backed Rainbow Children's Medicare Ltd. was subscribed 0.29 times on the first day of bidding. The Qualified Institutional Buyers (QIBs) portion was subscribed 0.1 times, while the Non-Institutional Investors (NIIs) portion was subscribed 0.11 times and the Retail Individual Investors (RIIs) portion was subscribed 0.48 times. The price band for the issue is set at Rs 516-542 per share. The issue will close on April 29, 2022.
Q4FY22 RESULTS
Results
HUL: The fast-moving consumer goods (FMCG) company on Wednesday reported an 8.6% YoY rise in the consolidated profit at Rs 2,327 crore for the quarter ended March 31, 2022, compared to Rs 2,143 crore posted in the corresponding quarter last year. Revenue from operations grew 11% YoY to Rs 13,462 crore compared to Rs 12,132 crore posted last year. EBITDA grew 9.7% YoY to Rs 3,245 crore compared to Rs 2,957 crore posted in March 2021 quarter. The Margins stood at 24.2% in Q4FY22 compared to 24.4% posted in Q4FY21. The company has said that its volume growth was flat v/s expectation of a 5 to 6% decline. Besides, the board has recommended a dividend of Rs 19 per share. Management says
- It is confident of a phase-wise recovery in the margins.
- Margins will change with future price hikes.
- Significant inflation has had an impact on the volumes.
- During the quarter, their turnover grew 10% with flat Underlying Volume Growth.
- It is confident of the medium to long term prospects of the Indian FMCG.
Bajaj Auto: The Pune-based two-wheeler manufacturer has reported a 10.3% YoY rise in the standalone profit at Rs 1,469 crore for the quarter ended March 31, 2022, compared to Rs 1,332 crore posted in the corresponding quarter last year. Revenue from operations fell 7.2% to Rs 7,974.8 crore compared to Rs 8,596 crore posted last year. EBITDA fell 10.4% YoY to Rs 1,365.6 crore compared to Rs 1,524 crore posted last year. The margin dropped to 17.1% in Q4FY22 compared to 17.7% posted in Q4FY22. The company has reported an exceptional gain of Rs 315 crore.
HDFC AMC: HDFC Asset Management Company (AMC) on Wednesday reported an 8.7% growth in profit at Rs 343.6 crore for the quarter ended March 31, 2022, compared to Rs 316.1 crore posted in the corresponding quarter last year. Revenue from operation rose 2.7% YoY to Rs 516.3 crore compared to Rs 502.9 crore posted last year. EBITDA dropped by 0.7% YoY to Rs 393.5 crore compared to Rs 316.1 crore posted last year. The Margins declined to 76.2% in Q4FY22 against 78.8% posted in Q4FY21. Besides, the Board has recommended a dividend of Rs 42 per share.
Trent: Tata Group retail firm Trent on Wednesday reported a 31.6% YoY rise in the standalone profit at Rs 74.9 crore for the quarter ended March 31, 2022, compared to Rs 56.9 crore posted in the corresponding quarter last year. Revenue from operations rose 53.2% YoY to Rs 1,185.3 crore compared to Rs 773.7 crore posted last year. EBITDA grew 11.5% YoY to Rs 152.3 crore compared to Rs 136.6 crore posted last year. Margins fell to 12.9% in Q4FY22 against 17.7% posted in Q4FY21. Besides, the board has declared a final dividend of Rs 1.1 per share.
Persistent Systems: The technology services company Persistent Services has reported a 14.2% QoQ rise in the consolidated profit at Rs 201 crore for the quarter ended March 31, 2022, compared to Rs 176 crore posted in the previous quarter ended December 31, 2021. Revenue from operations grew 9.9% QoQ to Rs 1,638 crore compared to Rs 1,491 crore posted in the previous quarter. In dollar terms, the revenue grew 9.1% to $21.73 crore compared to Rs 19.91 crore posted in December 2021 quarter. EBIT rose by 10.8% QoQ to Rs 230 crore compared to Rs 207.5 crore posted in the previous quarter. The margin stood at 14% in Q4FY22 against 13.9% posted in Q3FY22. The board has recommended a final dividend of Rs 11 per share for the financial year ended March 31, 2022. The attrition rate stood at 26.6% vs 26.9% (QoQ).
Indian Hotels: Tata Group hospitality firm Indian Hotels had reported a consolidated profit of Rs 74.2 crore for the quarter ended March 31, 2022, compared to a consolidated loss of Rs 91.3 crore posted in the corresponding quarter last year. Revenue from operations grew 41.8% YoY to Rs 872.1 crore compared to Rs 615 crore posted last year. EBITDA grew 124% to Rs 159 crore compared to Rs 71 crore posted last year. Margins improved to 18.2% in Q4FY22 compared to 11.5% posted in Q4FY21. Besides, the board has recommended a dividend of Rs 0.40 per share.
IEX: The Indian electronic system based power trading exchange has reported a 43.7% YoY rise in the consolidated profit at Rs 88.4 crore for the quarter ended March 31, 2022, compared to Rs 61.5 crore posted in the corresponding quarter last year. Revenue from operation grew 19.5% to Rs 112.1 crore compared to Rs 93.8 crore posted last year. EBITDA grew 22.5% to Rs 94.9 crore against Rs 77.5 crore posted last year. Margins improved to 84.7% in Q4FY22 compared to 82.6% posted in Q4FY21. The company said that the share of profit of associates stood at Rs 1.44 crore and its exceptional gain stood at Rs 6 crore. Besides, the board has recommended a final dividend of Re 1 per share.
5paisa Capital: The capital market company has reported a 25.4% YoY decline in the consolidated profit at Rs 4.4 crore for the quarter ended March 31, 2022, compared to Rs 5.9 crore posted in the corresponding quarter last year. Revenue from operations grew 78.3% to Rs 88.3 crore compared to Rs 49.5 crore posted last year. EBITDA grew 4.8% to Rs 13.2 crore compared to Rs 12.6 crore posted last year. Margins dropped to 15% in Q4FY22 against 25.5% posted in Q4FY21. Besides, the board has also approved the issuance of secured or unsecured redeemable Non-Convertible Debentures (NCDs), in one or tranches on an annual basis through Private Placement basis, up to a limit of Rs 250 crores, subject to the approval of the members at the ensuing Annual General Meeting (“AGM”).
Chennai Petroleum Corporation Ltd: The petroleum refineries company has reported a 4.3 times QoQ rise in the standalone profit at Rs 994.4 crore for the quarter ended March 31, 2022, compared to Rs 228.8 crore posted in the previous quarter ended December 31, 2022. revenue from operations grew 68.2% QoQ to Rs 16,713.6 crore compared to Rs 9,939.3 crore posted in the previous quarter. EBITDA grew 189.6% QoQ to Rs 1,581.1 crore in the reported quarter compared to Rs 546 crore posted in December 2021 quarter. Margins improved to 9.5% in Q4FY22 against 5.5% posted in Q4FY21. The average gross refining margin (GRM) for January-March 2022 period was $14.18 per barrel. Besides, the board has recommended a dividend of Rs 2 per share.
Hatsun Agro Product Ltd: The company has reported a 55.9% YoY decline in net profit at Rs 25.2 crore for the quarter ended March 31, 2022, compared to Rs 57.1 crore posted in the corresponding quarter last year. Revenue from operations grew 4% YoY to Rs 1,626.3 crore compared to Rs 1,563 crore posted last year. EBITDA fell 18.5% YoY to Rs 159 crore compared to Rs 195.2 crore posted last year. The margins declined 9.8% in Q4FY22 against 12.5% posted in Q4FY21.
Mahindra Lifespace Developers Ltd: The real estate and infrastructure development company has reported a consolidated profit of Rs 137.7 crore for the quarter ended March 31, 2022, compared to a consolidated loss of Rs 27.8 crore posted in the corresponding quarter last year. Revenue from operations grew 2.9 times YoY to Rs 161.8 crore compared to Rs 56 crore posted last year. EBITDA loss stood at Rs 35.7 crore compared to an EBITDA loss of Rs 37.1 crore posted last year. The company has reported an exceptional profit of Rs 96.84 crore in the reported quarter as well a deferred tax of Rs 65.24 crore. Besides, the board has recommended a dividend of Rs 2 per share.
Stocks in News
Godrej Agrovet / Ruchi Soya / FMCG Companies: Indonesia, the world's top palm oil producer, will continue with the ban on the exports of palm oil. The ban is set to begin from today, i.e. Thursday, April 28, 2022. The country will ban exports of refined, bleached and deodorized (RBD) palm oil.
Ambuja Cement: The billionaire investor and promoter of Avenue Supermarts, Radhakishan Damani, reportedly, has plans to join hands with potential bidders to invest in Ambuja Cements as a financial partner. The consortium has plans to invest up to Rs 10,000 crore in Ambuja Cements, India’s second-largest cement company.
BPCL + HPCL: State-owned Bharat Petroleum Corporation Ltd. and Hindustan Petroleum Corporation Ltd. have bagged two licenses each for retailing CNG to automobiles and piped cooking gas to households in the latest bid round, regulator PNGRB said on Wednesday. They have won bids for city gas in Uttar Pradesh and West Bengal.
PB Fintech: PB Fintech Limited had made an additional investment of Rs 450 crore in Policybazaar Insurance Brokers Private Limited, a wholly-owned subsidiary of the Company. The company has invested Rs 700 crore in Policybazaar Insurance Brokers Private Limited to date.
PB Fintech / Info Edge: The Board of Directors of the PB Fintech has approved the Scheme of Amalgamation of Makesense Technologies Limited ('Transferor Company) with PB Fintech Limited ('Transferee Company') and their respective shareholders. Makesense Technologies is a subsidiary of Info Edge.
Tata Consumer: LIC bought 1.36 lakh shares of the company on April 26, 2022. With this, LIC's stake has increased to 5.008% in Tata Consumer.
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