Stocks in Focus on August 2: Britannia, Bandhan Bank, Finolex Industries, Auto stocks to IRCTC; here are the 5 Newsmakers of the Day

Benchmark indices on Friday, July 30, 2021, closed with minor losses. The markets after ruling higher for the most part of the day witnessed a sharp profit booking at the fag end of the session. The Sensex at the Bombay Stock Exchange fell 66.23 points, or 0.13 per cent, to end at 52,586.84. The Nifty at the National Stock Exchange shed 15.40 points, or 0.10 per cent, to 15,763.05. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Monday, August 2, 2021. List of such five stocks:

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Britannia + UPL + NTPC + BHEL  

Britannia: The food and beverage company has reported a 28.7% YoY decline in the consolidated profit at Rs 387 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 542.7 crore in the same period last year. Revenues from operation dropped 0.5% YoY to Rs 3,403.5 crore as against Rs 3,420.7 crore posted last year. EBITDA stood at Rs 553.8 crore, down 22.8% compared to Rs 716.9 crore posted last year. Margins dropped to 16.3% in Q1FY22 from 21% posted in Q1FY21. The management in its commentary said Volume growth was seen at 1% v/s poll of 12% decline. It says we shall take calibrated price increases as things normalize. 

UPL: The manufactures of agrochemicals, industrial chemicals, chemical intermediates, and specialty chemicals has reported a 4% YoY rise in the consolidated profit at Rs 677 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 653 crore in the same period last year. The revenue from operations on a consolidated basis grew 9% YoY to Rs 8,515 crore in the reported quarter against Rs 7,833 crore posted last year. The EBITDA stood at Rs 1,863 crore, up 9% as against Rs 1,704 crore posted last year. The company posted a margin of 21.9% in Q1FY22 as against 21.75% posted inQ1FY21. 

NTPC: State-owned power giant has reported a 27.3% YoY rise in the profit on a standalone basis at Rs 3,145.6 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 2,470 crore posted in the same period last year. Sequentially, the profit dropped 30% from Rs 4,479 crore posted in the quarter ended March 31, 2021. The revenue from operations grew 11% YoY to Rs 26,038.51 crore compared to Rs 23,453 crore posted last year. Sequentially, revenue dropped 2% from Rs 26,567 crore posted in the previous quarter. The EBITDA dropped 8.6% YoY to Rs 7,079 as against Rs 7,745 crore posted last year. EBIDTA grew 8.8% QoQ from Rs 6.508 crore posted in the previous quarter. The margins stood at 27.2% in Q1FY22 as against 33% posted in Q1FY21 and 24.5% posted in Q4FY21. Management commentary: 

-Total Installed Group Capacity rises by 3.975 MW to 66,085 MW 

- Total Commercial Group Capacity rises by 2,555 MW To 64,515 MW 

- PLF at 58.64% vs 46.7% (YoY) 

- Average Tariff at `3.73/unit, down 6.3% (YoY) 

- Board approves raising of Rs 18,000 crore via NCDs 

BHEL: State-owned power generation equipment manufacturer has reported narrowing of the standalone net loss of Rs 445.5 crore for the quarter ended June 30, 2021, as compared to Rs 897 crore posted in the same period last year. Sequentially, the loss stood at Rs 1,033 crore in the quarter ended March 31, 2021. Revenue from operations grew 45.7% YoY to Rs 2,901.3 crore in the reported quarter as against Rs 1,991 crore posted last year. On a quarter-on-quarter basis, the revenue dropped 59.5% from Rs 7,171 crore posted in the previous quarter. The company posted an EBITDA Loss of Rs 474 crore in Q1FY22 against an EBITDA Loss of Rs 1,060 crore posted in Q1FY21 and Rs 1,264.3 crore posted in Q4FY21. Further details:

- Power revenue at Rs 2,117 crore vs Rs 1,119.4 crore, up 89.1% (YoY)  

- Industry revenue at Rs 607 crore vs Rs 777.2 crore, down 22%  

- Performance impacted by 2nd wave of covid.

- Recovery was seen in the month of June.  

Bandhan Bank + IDFC First Bank + Shriram Transport Finance + PI Industries 

Bandhan Bank: The private lender has reported a 32% YoY decline in the profits at Rs 373 crore for the quarter ended June 30, 2021. It had posted a net profit of Rs 550 crore in the same quarter last year. The net interest income (NII) grew 17% to Rs 2,114 crore as against Rs 1,811 crore posted last year. The total provision and contingencies during the quarter under review rose 62% YoY to Rs 1,375 crore from Rs 849 crore posted last year. The Kolkata-based bank Gross NPAs increased to 8.2% in Q1FY22 compared to 6.8% posted in Q4FY21. The net NPA, however, fell QoQ to 3.3% in Q1FY22 as against 3.5% posted in Q4FY21.  

- Total Advances up 8.1%  

- NPA from Assam and West Bengal increased this time  

- Restructured and NPA non-paying customer portfolio stands at 4.1% including Assam and 2.7% excluding Assam. 

IDFC First Bank: Private sector lender IDFC First Bank reported a net loss of Rs 630 crore for the quarter ended June 30, 2021, as against a profit of Rs 94 crore posted last year in the same quarter. PAT impacted due to higher Provisioning and large slippage due to one infra-Account. The net interest income (NII) rose 25% to Rs 2,185 crore as against Rs 1,744 crore posted last year. The total provision and contingencies during the quarter under review rose 146% YoY to Rs 1,879 crore from Rs 764 crore posted last year. Sequentially, the provisions grew 212% QoQ from Rs 603 crore posted in the previous quarter ended March 31, 2021. Gross NPAs increased to 4.61% QoQ in the quarter under review compared to 4.15% posted in Q4FY21. The Net NPA grew to 2.32% in Q1FY22 as against 1.86% posted in Q4FY21.  

-The Bank has made an additional COVID provision of Rs 350 crore in Q1 FY22  

- Due to COVID, a large infrastructure account (A Mumbai based toll road) of Rs 854 crore has turned NPA during Q1 FY22.  

- Bank carries Rs 154 crore provision on this account.  

- Excluding this account, the GNPA would have been 3.77%, NNPA would have been 1.61%  

- Retail Book increased 30%^ YoY, Wholesale funded book decreased by 15% YOY  

- Infrastructure loans (part of wholesale) decreased by 23% YOY 

Shriram Transport Finance: The non-banking finance company (NBFC) has reported a 47% YoY decline in the profits at Rs 170 crore for the quarter ended June 30, 2021. PAT down due to Provisions. The lender had posted a net profit of Rs 320 crore in the year-ago quarter. The net interest income (NII) grew 14% YoY to Rs 2,107 crore in the period under review from Rs 1,842 crore posted last year. The net interest margin stood at 6.38% in Q1FY22 as against 6.42% posted in Q1FY21. The Gross non-performing assets (NPA) grew to 8.18% QoQ in Q1FY22 from 7.06% posted in Q4FY21. The net NPA grew to 4.74% in the period under review as against 4.22% posted in the previous quarter. The lender has made additional COVID-19 provisioning of Rs 261 crore in the reported quarter. 

PI Industries: The chemical industry company has reported a 28% YoY rise in the consolidated profit at Rs 187 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 146 crore in the year-ago quarter. The revenue from operations grew 13% to Rs 1,194 crore in the period under review as against Rs 1,060 crore posted last year. The EBITDA grew 9% YoY to Rs 249 crore as against Rs 229 crore posted last year. The margin dropped to 21% in Q1FY22 as against 22% posted in Q1FY21

Finolex Industries + Jindal Saw + KEC International +Vinati Organics 

Finolex Industries: The manufacturer of PVC water pipes and CPVC pipes has reported a 156.6% YoY rise in the consolidated profit at Rs 145.5 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 56.7 crore in the year-ago period. Revenues from operations grew 71.9% YoY to Rs 965.7 crore in the reported quarter as against Rs 561.9 crore posted last year. EBITDA grew 137.5% YoY to Rs 209.5 crore against Rs 88.2 crore posted last year. The margins grew to 21.7% in Q1FY22 compared to 15.7% posted in Q1FY21. 
Jindal Saw Ltd: The manufacturer of SAW pipes and spiral pipes has reported a consolidated profit of Rs 145.8 crore for the quarter ended June 20, 2021. It had posted a consolidated loss of Rs 26.6 crore in the same quarter last year. The revenue from operations grew 75.8% YoY to Rs 2,884.6 crore compared to Rs 1,640.8 crore posted last year. EBITDA grew 130% YoY to Rs 421.8 crore compared to Rs 183.4 crore posted last year. The margins grew to 13.6% in Q1FY22 from 11.2% posted in Q1FY21. 
KEC International: The construction engineering company has reported a 34.8% YoY decline in the consolidated profit at Rs 46.1 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 70.8 crore in the same quarter last year. Consolidated revenue from operations grew 15.1% YoY to Rs 2,540 crore as against Rs 2,206.8 crore posted last year. EBITDA dropped 18% YoY to Rs 160 crore in the period under review from Rs 195 crore posted last year. The margins dropped to 6.3% in Q1FY22 from 8.8% posted in Q1FY21.

- Order Book + L1 of over Rs 26,000 crore  

- Achieved Order intake of Rs 4,401 crore with robust growth of more than 2 times over last year  

Vinati Organics: The chemical company has posted a 13% YoY rise in the consolidated profit at Rs 81 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 72 crore in the same quarter last year. Revenue from operations on the consolidated basis, grew 66% YoY to Rs 386 crore compared to Rs 232 crore posted last year. The EBITDA grew 5% YoY to Rs 102 crore as against Rs 97 crore posted last year. The margins dropped to 26% in Q1FY22 as against 42% posted in Q1FY21. 

Auto Sales + Tata Motors AGM

Maruti Suzuki: India’s largest carmaker has reported a sale of 1,62,462 units in July 2021 as compared to 1,47,368 units sold on June 30, 2021. Domestic sales stood at 1,36,500 units and it exported 21,224 units in July 2021. 

Hero MotoCorp: India’s largest two-wheeler company has reported a 13% YoY drop on sales at 4,54,3998 units in July 2021 as compared to 5,20,104 units sold in July 2020. On an MoM basis, the sales dropped 3% as it sold 4,69,160 units in June 2021. Exports grew 233% YoY to 25,190 units compared to 7,563 units exported in July 2020. It exported 30,646 units in June 2021.

Eicher Motors Royal Enfield: Eicher Motors said that total sales of mid-sized motorcycle Royal Enfield grew 9% YoY to 44,038 units in July 2021 as against 40,334 units sold in July 2020. It sold 43,048 units in June 2021. 

EICHER VECV: VE Commercial Vehicles (VECV), a Volvo Group and Eicher Motors joint venture, has reported a 96% increase in sales at 4,271 units in July 2021 as against 2,184 units sold in July 2020. 
Escorts: Tractor sales grew 23% YoY to 6,564 units in July 2021 as against 5,322 units sold in July 2020. On a month-on-month basis, tractor sales dropped 48% from 12,533 units sold in

June 2021. Sales of construction vehicles grew 43% to 367 units from 256 units. 
Tata Motors: The company has reported a 19% MoM rise in domestic sales at 51,981 units in July 2021 as against 43,704 units sold in June 2021. Passenger vehicles sales grew 25% to 30,185 units in July 2021 as against 24,110 units sold in June 2021. Commercial vehicles sales grew 8% to 23,848 units in July 2021 as against 22,100 units sold in June 2021. 

Tata Motors: N Chandrasekaran at AGM said, the company will spend a total of Rs 28,900 crores in JLR and domestic business in FY22. Rs 3,000-3,500 will be invested in domestic business and the rest will be done in JLR. He said, a separate capital will be raised for the EV business and the company has a target to increase EV sales to 25% from the current 2%. The company is also investing in hydrogen fuel cell cars. Debt-free target remains in place by FY24

IRCTC: The Board of Directors of the company is scheduled to be held on August 12, 2021, through video conferencing to consider and approve the unaudited Financial Results of the Company for the quarter ended on June 30, 2021. It will also recommend the proposal for sub-division of the Company's equity shares of the face value of Rs. 10/- each and matters related thereto, subject to the approval of Ministry of Railways, Government of India and shareholders.