Stocks in Focus on February 1: BPCL, Tata Motors, SCI, Easy Trip Planners, GAIL and many more
Benchmark indices ended with strong gains on Monday, January 31, 2022, tracking positive global cues.
Benchmark indices ended with strong gains on Monday, January 31, 2022, tracking positive global cues. The S&P BSE Sensex surged 813.94 points or 1.42% at 58,014.11. The Nifty 50 index soared 237.90 points or 1.39% to 17,339.85. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Tuesday, February 1, 2022. List of such five stocks:
Q3FY22 Earnings
BPCL: State-owned fuel major Bharat Petroleum Company (BPCL) on Monday reported an 8.6% QoQ decline in the standalone profit at Rs 2,462.5 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 2,694 crore in the previous quarter ended September 30, 2021. Revenue from operations grew 23.9% QoQ to Rs 1,01,045 crore in the period under consideration against Rs 81,536.7 crore posted in the previous quarter. EBITDA declined 5.9% QoQ to Rs 4,213 crore against Rs 4.477.7 crore posted in September 2021 quarter. Margins contracted to 4.2% in Q3FY22 against 5.5% posted in Q2FY22. Besides, the board has declared a second interim dividend of Rs 5 per share for the Financial Year 2021-22. The Board fixed Friday, February 11, 2022, as the record date to determine the eligibility of the shareholders to receive the dividend.
Tata Motors: Auto major Tata Motors on Monday reported a consolidated loss of Rs 1,516 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 2,906 crore in the corresponding quarter last year. Revenue from operations fell 4.5% YoY to Rs 72,229 crore in the period under consideration against Rs 75,654 crore posted last year. EBITDA stood at Rs 6,764 crore, down 41.2% YoY from Rs 11,510 crore posted last year. Margin contracted to 9.4% in Q3FY22 against 15.2% posted in Q3FY21. The company has reported extraordinary expenses of Rs 422 crore last year and other expenses went up 21% to Rs 12,935 crore. Product development/engineering expenses went up by 83% to Rs 2,292 crore.
Tata Motors on Jaguar Land Rover (JLR):
- Volumes remain constrained by semiconductor supply
- Strong mix in particular Range Rover family and China market up vs prior quarter
- Wholesale volume down 33% to 69.2k units
- JLR engaging in strategic discussions with top tier 1 component suppliers and chip producers to secure long term supply agreements for future
- Expect improved results as chip supply gradually improve
Tata Motors (Standalone)
- Wholesale standalone volume up 30.40% to 200.2k units
- PV (+44%) ; growth and market share momentum continues to gain...now 13% (Q2FY22 was 11.3%)
- EV (~3x growth); Highest ever quarterly sales at 5,556 units
- CV (+19%); strong YoY growth led by a recovery in SCVs; All product lines gain share in FY22
- CV : EBITDA 2.6% (-540 bps) ; adversely impacted due to commodity inflation
- Performance to improve further in Q4FY22 and beyond
IOC: State-owned fuel major Indian Oil Corporation (IOC) on Monday reported a 7.8% QoQ decline in the standalone profit at Rs 5,860.8 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 6,360 crore in the previous quarter ended September 30, 2021. Revenue from operations grew 23.2% QoQ to Rs 1,66,788.2 crore in the period under consideration against Rs 1,35,417.8 crore posted in September 2021 quarter. EBITDA dropped 15.4% to Rs 9,391.1 crore against Rs 11,096.1 crore posted in the previous quarter. Margins contracted to 5.6% in Q3FY22 against 8.2% posted in Q2FY22. The board of directors of the petroleum major also declared a second interim dividend of Rs 4 per share for the financial year 2021-22. The board fixed February 10, 2022, as the record date to determine the eligibility of the shareholders to receive the dividend.
HPCL: State-owned oil retailer Hindustan Petroleum Corporation (HPCL) on Monday reported a 54.8% QoQ decline in the standalone profit at Rs 868.9 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 1,924 crore in the previous quarter ended September 30, 2021. Revenue from operations grew 16.3% QoQ to Rs 96,602.4 crore as against Rs 83,065 posted in September 2021 quarter. EBITDA fell 37.9% to Rs 1,870.7 in the period under consideration against Rs 3,013 crore posted in the previous quarter. Margins down to 1.9% in Q3FY22 against 3.6% posted in Q2FY22.
Navin Fluorine: The Mumbai-based chemical company has reported a 17% YoY rise in the consolidated profit at Rs 69 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 59 crore in the corresponding quarter last year. Revenue from operations grew 23% to Rs 379 crore in the reported quarter as against Rs 309 crore posted last year. EBITDA grew 25% YoY to Rs 99 crore against Rs 79 crore posted last year. The margin remained flat at 26%.
DLF: The real estate company has reported a 16% YoY decline in the consolidated profit at Rs 379.48 crore for the third quarter ended December 31, 2021. It had posted a profit of Rs 450.1 crore in the corresponding quarter last year. Revenue from operations grew 0.4% YoY to Rs 1,549.7 crore in the quarter under consideration against Rs 1,543.03 crore posted last year. EBITDA grew 4% YoY to Rs 521.32 crore against Rs 499.08 crore posted last year. The company's margin stood at 33.64% in Q3FY22 against 32.3% posted in Q3FY21.
Shipping Corporation of India (SCI): State-owned shipping company has reported a 2.4x rise on the consolidated profit at Rs 311.5 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 131.6 crore in the corresponding quarter last year. Revenue from operations grew 71% YoY to Rs 1,438.2 crore compared to Rs 841.2 crore posted last year. EBITDA grew 2.1 times to Rs 472.1 crore against Rs 225.7 crore posted last year. Margins improved to 32.8% in Q3FY22 against 26.8% posted in Q3FY21.
Godawari Power and Ispat Limited (GPIL): The company has reported a 46.3% YoY jump in the standalone profit at Rs 297 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 203 crore in the corresponding quarter last year. Revenue from operations grew 47% YoY to Rs 1,401.5 crore against Rs 954 crore posted last year. EBITDA grew 46.3% YoY to Rs 420.3 crore against Rs 279.4 crore posted last year. Margins grew to 30% in Q3FY22 against 29.3% posted in Q3FY21.
KEC International: Construction engineering company has reported a 35.5% YoY decline in the consolidated profit at Rs 93.6 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 145 crore in the corresponding quarter last year. Revenue from operations grew 1.5% YoY to Rs 3,340 crore in the reported quarter against Rs 3,289 crore posted last year. EBITDA fell 20% YoY to Rs 239 crore as against Rs 298.7 crore posted last year. Margins contracted to 7.2% in Q3FY22 against 9.1% posted in Q3FY21. The company's order book stands at Rs 24,401 crore and it has L1 of over Rs 4,000 crore.
ADF Foods: Food manufacturing and distribution company has reported a 2.2% YoY decline in the consolidated profit at Rs 13.6 crore for the quarter ended December 31, 2022. It had posted a profit of Rs 13.9 crore in the corresponding quarter last year. Revenues from operations grew 18.7% to Rs 117.1 crore in the reported quarter against Rs 98.7 crore posted last year. EBITDA fell 3.7% YoY to Rs 18.4 crore against Rs 19.1 crore posted last year. Margins contracted to 15.7% in Q3FY22 against 19.4% posted in Q3FY21. Besides, the board has given its in-principle approval for setting up a Subsidiary Company in India with its main business activity(ies) as a domestic eCommerce business and/or any other new-age business(es).
LG Balakrishnan: The company has reported a 31.5% YoY rise in the consolidated profit at Rs 71 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 54 crore in the corresponding quarter last year. Revenue from operations grew 15.3% YoY to Rs 574 crore against Rs 498 crore posted last year. EBITDA grew 26.8% YoY to Rs 116 crore against Rs 91.5 crore posted last year. Margin improved to 20.2% in Q3FY22 against 18.4% posted in Q3FY21.
Andhra Paper: The integrated paper and pulp manufacturer has reported a 97.3% YoY rise in the profits at Rs 38.3 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 18.9 crore in the corresponding quarter last year. Revenue from operations grew 39.2% YoY to Rs 346.5 crore against Rs 248.9 crore posted last year. EBITDA up 3.8 times to Rs 62 in the reported quarter Rs 16.2 crore posted last year. Margins improved to 17.9% in Q3FY22 against 6.5% posted in Q3FY21.
Orient Cement: The cement manufacturer has reported an 18.9% YoY decline in the consolidated profit at Rs 43.7 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 53.9 crore in the corresponding quarter last year. Revenue from operations grew 2.1% YoY to Rs 617.5 crore against Rs 604.6 crore posted last year. EBITDA fell 14% YoY to Rs 117.5 crore against Rs 136.6 crore posted last year. Margin fell to 19% in Q3FY22 against 22.6% in Q3FY21.
Satin Creditcare: Microfinance lender Satin Creditcare Network reported a consolidated net profit of Rs 33 crore for the quarter ended December 31, 2021, against a loss of Rs 80 crore posted in the year-ago period, owing to a rise in interest income even as its assets under management shrunk. Revenue from operations grew 8.1% YoY to Rs 346 crore in the reported quarter against Rs 320 crore posted last year. EBITDA grew 180% YoY to Rs 346 crore against Rs 320 crore posted last year. MARGIN improved to 68.79% in Q3FY22 against 26.6% posted in Q3FY21.
UCO Bank: State-owned UCO Bank's profit has jumped 775% YoY to Rs 310 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 35.44 crore in the corresponding quarter last year. Net Interest Income (NII) grew 25% YoY to Rs 1,763 crore in the reported quarter against Rs 1,407 crore posted last year. The bank's asset quality improved with gross non-performing assets declining to 8% in December 2021 quarter against 8.98% posted in September 2021 quarter. Net NPA stood at 2.81% against 3.37% posted in the previous quarter.
Confidence Petroleum: The company has reported a 15% YoY rise in the consolidated profit at Rs 23 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 20 crore in the corresponding quarter last year. Revenue from operations grew 52.7% to Rs 394 crore against Rs 258 crore posted last year. EBITDA grew 24% to Rs 49.6 crore in the reported quarter against Rs 39.9 crore posted last year. The Margin declined to 12.59% in Q3FY21 against 15.5% posted in Q3FY21.
Krsnaa Diagnostics: Diagnostic services provider Krsnaa Diagnostics has reported a 4.3x growth in the profit at Rs 17.2 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 4 crore in the corresponding quarter last year. EBITDA grew 1.65 times to Rs 31 crore against Rs 18.7 crore posted last year. Margin improved to 29% in Q3FY22 against 19% posted in Q3FY21.
Stocks in News
Easy Trip Planners: The Board approved the proposal of appointment of Mrs. Nutan Gupta as Chief Executive Officer with effect from April 1, 2022, consequent to the resignation of Mr. Nishant Pitti, Chief Executive Officer and Key Managerial Personnel (“KMP”) of the Company who will resign on March 31, 2022. Mr Pitti will continue to be the Chairman and Whole-time Director of the company.
Edelweiss Financials: Edelweiss Tokio Life Insurance Company Limited (ETLI), a subsidiary of the Company, has been allotted 20 crore equity shares of Rs. 10 each. Consequently, the shareholding of the Company in ETLI has increased from 51% to 66%.
GAIL: State gas utility GAIL (India) Limited on Monday commenced India's first-of-its-kind project of mixing hydrogen into the natural gas system at Indore, Madhya Pradesh. The hydrogen blended natural gas will be supplied to Avantika Gas Limited, one of GAIL's Joint Venture (JV) companies with HPCL, operating in Indore. In line with the National Hydrogen Mission, GAIL has started hydrogen blending as a pilot project to establish the techno-commercial feasibility of blending hydrogen in the City Gas Distribution (CGD) network. This project marks the stepping stone of India's journey towards a hydrogen-based and carbon-neutral future.
HP Adhesive: AG Dynamic Fund Ltd sells 1 lakh shares at Rs 388.61 per share.
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