Stocks in Focus on February 10: Power Grid, Berger Paints, Aurobindo Pharma, DCM Shriram Industries, BSE Ltd and more

The benchmarks indices settled with robust gains on Wednesday, February 9, 2022, tracking strong global cues. The barometer index, the S&P BSE Sensex advanced 657.39 points or 1.14% to 58,465.97. The Nifty 50 index added 197.05 points or 1.14% to 17,463.80. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Thursday, February 10, 2022. List of such stocks:

Q3FY22 Earnings

Power Grid: The largest power transmission company in the country, Power Grid Corporation of India Ltd (PGCIL), has reported an 0.8% YoY rise in the consolidated net profit of Rs 3,349 crore for the December 2021 quarter. It had posted a profit of Rs 3,324 crore in the corresponding quarter last year. Revenue from operations grew 3.4% YoY to Rs 10,001 crore against Rs 9,676 crore posted last year. EBITDA grew 2.7% YoY to Rs 8,689 crore against Rs 8,460 crore posted last year. The margin declined to 86.9% in Q3FY22 from 87.4% posted in Q3FY21. The company also declared a second interim dividend for the financial year 2021-22 at Rs 5.50 a share. It will be paid on March 9, 2022.

Berger Paints: Berger Paints India Ltd on Wednesday reported an 8% YoY decline in its consolidated net profit to Rs 253 crore for the December 2021 quarter. It had posted a net profit of Rs 2745 crore during the corresponding quarter last year. However, the company's revenue from operations grew 20.4% YoY to Rs 2,550.8 crore against Rs 2,118.2 crore posted last year. EBITDA fell 5.5% YoY to Rs 391.1 crore in the reported quarter against Rs 415 crore posted last year. Margins fell to 15.4% in Q3FY22 against 19.6% posted in Q3FY21. 

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Aurobindo Pharma: The pharmaceutical company has reported an 80% YoY decline in the consolidated profit at Rs 604 crore for the December 2021 quarter. It had posted a profit of Rs 2,946 crore in the corresponding quarter last year. The company's revenue from operations fell 5.6% YoY to Rs 6,002 crore against Rs 6,365 crore posted last year. US revenue was $367 million in the reported quarter against $390 million posted last year. EBITDA stood at Rs 1,016 crore, down 26% YoY from Rs 1,369 crore posted last year. Margin contracted to 17% in Q3FY22 against 21.5% posted in Q3FY21. 

ACC Limited: One of the largest producers of cement of India has reported a 39.7% YoY decline in standalone profit at Rs 280 crore for the December 2021 quarter. It had posted a profit of Rs 464 crore in the corresponding quarter last year. The company's sales grew 3.9% YoY to Rs 4,225.8 crore against Rs 4,066 crore posted last year. EBITDA grew 12.8% YoY to Rs 555.1 crore against Rs 492 crore posted last year. The EBITDA margin grew to 13.1% in Q3FY22 against 12.1% posted in Q3FY21.

Petronet LNG: Indian oil and gas company has reported a 39% QoQ rise in the standalone net profit at Rs 1,143.5 crore for the December 2021 quarter. It had posted a profit of Rs 823 crore in the previous quarter ended September 30, 2021. Revenue from operations grew 16.5% QoQ to Rs 12,597.2 crore in the reported quarter against Rs 10,813.1 crore posted in the previous quarter. EBITDA grew 33.6% QoQ to Rs 1,732.2 crore against Rs 1,296.9 crore posted in September 2021. Margins improved to 13.75% in Q3FY22 against 12% posted in Q2FY22. 

SAIL: State-owned steel production company has reported a 12% YoY rise in the standalone net profit at Rs 1,443 crore for the December 2021 quarter. It had posted a profit of Rs 1,283 crore in the corresponding quarter last year. Revenue from operations grew 27% YoY to Rs 25,246 crore against Rs 19,833 crore posted last year. EBITDA fell 33% YoY to Rs 3,411 crore against Rs 5,077 crore posted last year. Margin contracted to 13.5% in Q3FY22 against 26% posted in Q3FY21. The company has said that its borrowings has reduced by Rs 16,222 crore in 9MFY22 

Indiabulls Housing Finance: Gurugram-based mortgage lender has reported an 8% QoQ decline in the profits at Rs 303 crore for the December 2021 quarter. It had posted a profit of Rs 329 crore in the previous quarter ended September 30, 2021. The company's total income fell 8% QoQ to Rs 2,183 crore against Rs 2,381 crore posted in the previous quarter. Gross NPAs were at 3.18% as of December 31, 2021, against 2.69% as of September 30, 2021. Net NPAs were at 1.80% as of December 31, 2021, compared to 1.53% a quarter ago. As per the RBI based ruling leads to deterioration in asset quality as GNPA stood at 4.12% in Q3FY22 against 2.69% in Q2FY22 while the NNPA was at 2.27% in the reported quarter against 1.53% in the previous quarter. The company has said that the collection efficiency has now normalised to pre-COVID levels. 

Tata Power: Electric power distribution company has reported a 73.5% YoY rise in the consolidated profit at Rs 552 crore for the December 2021 quarter. It had posted a profit of Rs 318.1 crore in the corresponding quarter last year. Revenue from operations grew 43.6% YoY to Rs 10,913 crore against Rs 7,598 crore posted last year. EBITDA fell 6.6% to Rs 1634.2 crore against Rs 1750 crore posted last year. Margins contracted to 15% in Q3FY22 against 23% posted in Q3FY21.  

GMR Infrastructure: The company has reported a consolidated net loss of Rs 626 crore for the quarter ended December 2021. It had posted a consolidated net loss of Rs 897 crore in the year-ago period. The company's PAT from cont Operations stood at Rs 58 crore against a loss of Rs 383 crore posted in Q3FY22. Consolidated revenue from operations stood at Rs 1,364 crore in the reported quarter against Rs 836 crore posted last year. EBITDA stood at Rs 715 crore against Rs 86 crore posted last year. The margin improved to 52% in Q3FY22 against 10.3% posted in Q3FY21.

Birla Cables: Fiber optic cable manufacturing company has reported a 1,400% YoY rise in the consolidated profit at Rs 4.5 crore for the December 2021 quarter against a profit of Rs 0.3 crore posted in the corresponding quarter last year. Revenue from operations grew 68.2% YoY to Rs 143 crore against Rs 85 crore posted last year. EBITDA grew 134% YoY to Rs 11 crore against Rs 4.7 crore posted last year. The margin improved to 7.7% in Q3FY22 against 5.5% posted in Q3FY21. 

Balmer Lawrie: The company has reported a 42.1% YoY rise in the consolidated profit at Rs 27 crore for the December 2021 quarter against Rs 19 crore posted in the corresponding quarter last year. Revenue from operations grew 30.2% YoY to Rs 505 crore against Rs 388 crore posted last year. EBITDA grew 50% YoY to Rs 36 crore against Rs 24 crore posted last year. Margin improved to 7.1% in Q3FY22 against 6.2% posted in Q3FY21. Besides, BLUK, a wholly-owned foreign subsidiary of Balmer Lawrie & Co. Ltd. had been struck off and had been consequently dissolved as decided earlier.

Paras Defence & Space: Mumbai-based defence engineering company has reported a consolidated profit of Rs 7.7 crore for the December 2021 quarter against a consolidated loss of Rs 2.6 crore posted in the corresponding quarter last year. Revenue from operations grew 111.4% YoY to Rs 46.5 crore against Rs 22 crore posted last year. EBITDA grew 330% YoY to Rs 12.9 crore against Rs 3 crore posted last year. The margin improved to 27.7% in Q3FY22 against 13.6% posted in Q3FY21. 

HEG: Carbon and graphite product manufacturer has reported a consolidated profit at Rs 112 crore for the December 2021 quarter against a consolidated loss of Rs 0.8 crore posted in the corresponding quarter last year. Revenue from operations grew 86.6% YoY to Rs 597 crore against Rs 320 crore posted last year. EBITDA grew to Rs 156 crore against Rs 0.1 crore posted last year. Margin improved to 26.1% in Q3FY22 against 0% margin posted in Q3FY21. 

Solara Active Pharma Sciences Ltd: The customer-oriented API manufacturer has reported a consolidated loss of Rs 139.9 crore for the December 2021 quarter against a consolidated profit of Rs 65.8 crore posted last year. Revenue from operations dropped 76.5% YoY to Rs 100.3 crore against Rs 426.7 crore posted last year. The company has reported an EBITDA loss of Rs 96.8 crore against an EBITDA profit of Rs 105.3 crore posted last year. Besides, Mr. Bharath R Sesha has resigned as MD, CEO and Director of the company while Mr. Rajender Juvvadi Rao current Executive Vice Chairman has been appointed as MD and CEO of the company.

Tilaknagar Industries Ltd: India's top Alco-Bev business company has reported a consolidated profit of Rs 10.3 crore for the December 2021 quarter against a consolidated loss of Rs 4 crore posted in the corresponding quarter last year. Revenue shot up 23% YoY to Rs 206 crore against Rs 168 crore posted last year. EBITDA grew 46% YoY to Rs 32 crore against Rs 22.2 crore posted last year. the margin has improved to 15.7% in Q3FY22 against 13.2% posted in Q3FY21.  

Nykaa: Online fashion and beauty retailer Nykaa has reported a 59.6% YoY decline in the consolidated profit at Rs 27.9 crore for the December 2021 quarter against a profit of Rs 68.9 crore posted in the corresponding quarter last year. Revenue from operations grew 35.9% YoY to Rs 1,098 crore against Rs 808 crore posted last year. EBITDA fell 35.5% YoY to Rs 69 crore against Rs 107 crore posted last year. Margin contracted to 6.3% in Q3FY22 against 13.2% posted in Q3FY21. The company in a statement said that its other expenses have gone up from Rs 156 crore to Rs 324 crore. 

Gulf Oil Lubricants: India's leading lubricant manufacturing and marketing company has reported an 8,4% YoY decline in the consolidated profit at Rs 58.6 crore for the December 2021 quarter against Rs 64 crore posted in the corresponding quarter last year. Revenue from operations grew 24.9% YoY to Rs 602 crore in the reported quarter against Rs 482 crore posted last year. EBITDA fell 6.6% YoY to Rs 77.5 crore against Rs 83 crore posted last year. Margin contracted to 12.9% in Q3FY22 from 17.2% posted in Q3FY21. The board has approved a buyback worth Rs 85 crore at Rs 600/share and fixed February 21, 2022, as the record date for the purpose. 

Stocks in News

DCM Shriram Industries + Zen Technologies + BEL: To promote domestic manufacturing of drones in the country, the Union Government has banned the import of foreign drones with certain exceptions. The import of drones for R&D, defence and security purposes have been exempted from the ban but such imports will require due clearances. Import of drone components, however, shall not require any approvals.  

BSE Ltd: (Zee Business Exclusive) SEBI gives an in-principle nod to BSE's gold spot exchange. BSE has received in-principle approval from the regulator today itself.

Spandana Sphoorty: The Board of Directors of the Company is scheduled to meet on February 14, 2022, to consider and approve the issuance of further equity shares of the Company by way of the preferential issue. 

Lupin: Global pharma major has entered into a distribution agreement with Medis for Lupin's orphan drug NaMuscla (mexiletine). Medis will commercialize NaMuscla for the symptomatic treatment of myotonia in adults with non-dystrophic myotonic (NDM) disorders in Central and Eastern European countries. NaMuscla is the first and only licensed product for this indication.

PCBL: The Board of Directors of the company has considered and unanimously approved the sub-division (split) of Equity Share of the company having a face value of Rs. 2/- each (fully paid-up) into one (1) Equity Share of the face value of Re. 1/- each (fully paid-up. 

Dr. Reddy’s Laboratories Ltd.: The company has said that its API manufacturing plant at Middleburg, New York, has received the Establishment Inspection Report (EIR) from the US FDA, indicating closure of the audit and the inspection classification of this facility is determined as ‘Voluntary action indicated’ (VAI). 

Shalby: Wholly-Owned subsidiary Company M/s. Mars Medical Devices Limited, has received import license from Central Drugs Standard Control Organization, Union Ministry of Health and Family for import of medical devices for the complete range of joint replacement products i.e. Total Knee System, Total Hip System etc. from M/s Shalby Advanced Technologies Inc. USA (Step-down subsidiary of the Company) today. 

FUND ACTION  

Relaxo Footwear: SBI MF has acquired 6 lakh shares through different schemes. SBI MF buys a 0.24% stake and with this, its holding has increased from 4.7741% to 5.0152%. The deal happened on February 8, 2022.