Stocks in Focus on February 11: Titan, IGL, NBCC, BPCL to Railtel Corporation; here are the 5 Newsmakers of the Day

The domestic equity benchmarks ended almost flat after a volatile session on Wednesday, February 10, 2021. The Nifty regained 15,000-mark after slipping below that level in intraday trade. Investors booked profits after recent steep gains. The barometer index, the S&P BSE Sensex, slipped 19.69 points or 0.04% to 51,309.39. The Nifty 50 index lost 2.80 points or 0.02% to 15,106.50. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Thursday, February 11, 2021. List of such five stocks:

Titan + Bata India + IGL

Titan: Tata Group-owned Titan Company on Wednesday reported an 11% year-on-year decline in standalone profit at Rs 419 crore for the quarter ended December 31, 2021. It had posted a net profit of Rs 470 crore in the corresponding quarter last year. Sales grew 17.4% to Rs 7,287 crore in the reported quarter against Rs 6,206 crore posted last year. EBITDA stood at Rs 825 crore, up 12.25%, from Rs 735 crore.

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The margins went down to 11.3% in Q3FY21 from 11.8% posted in Q3FY20. In December, the company had made a provision of Rs 137 crore relating to impairment in the investments in its wholly-owned subsidiary Favre Leuba AG (FLAG) to scale down the operations. Management says divisions other than Jewellery have also moved close to full recovery. The recovery rate for Fragrances and accessories continued to be muted due to the slow recovery of two of the biggest channels, trade and LFS.

Bata India:  The footwear maker has reported a 77.7% year-on-year decline in consolidated profit at Rs 26.4 crore for the quarter ended December 31, 2020. It had posted a profit of Rs 118.3 crore in the same quarter last year. Revenues from operation fell 25.9% to Rs 615.6 crore in the reported quarter against Rs 830.8 crore posted last year. EBITDA stood at Rs 117.8 crore, down 55.4%, from Rs 263.8 crore. The margins went down to 19.1% in Q3FY21 against 31.8% posted in Q3FY20. There was an exceptional loss of Rs 4.61 crore due to onetime expense for the VRS scheme. Management of the company said sales through digitally-enabled platforms now make up 15% of the total sales, growing by 3 times in the last one year. Backed by good festive sales and our targeted consumer outreach, our sales have recovered to 74% of pre-Covid levels. Bata opened a total of 45 new franchise stores in the quarter, taking its total to 221 Franchise stores. In Institutional & Distribution business, as the economy started opening up, Bata won orders to supply safety & industrial shoes to companies in cement, steel & railways sectors.

Indraprastha Gas Limited (IGL):  Indraprastha Gas on Wednesday reported an 8.7% quarter-on-quarter increase in profit at Rs 334.9 crore for the quarter ended December 2020. It had posted a net profit of Rs 308 crore in the previous quarter of the same financial year. Revenues grew 10.8% to Rs 1,446.2 crore from Rs 1,305.4 crore reported in previous quarter. EBITDA stood at Rs 500.7 crore, up 23%, from Rs 407.1 crore. The margins went up to 34.6% in Q3FY21 from 31.2% posted in Q2FY21. The company in a statement said that total volume declined by 6% to 576 million SCM against 616 million SCM. CNG Volumes down 9% to 412 million SCM against 452 million SCM and PNG Volumes were flat at 164 million SCM. 

 Aurobindo Pharma +  Ujjivan Financial Services + IOL Chemicals & Pharmaceuticals + JB Chemicals

Aurobindo Pharma: The pharmaceutical company has reported a 4.2 times year-on-year rise in the consolidated profit at Rs 2,946.3 crore for the quarter ended December 31, 2021. It had posted a net profit of Rs 705.3 crore in the corresponding quarter last year. Consolidated revenue grew 8% to Rs 6,365 crore in the reported quarter against Rs 5,895 crore posted last year. EBITDA stood at Rs 1,368.6 crore, up 13.3%, from Rs 1,208 crore posted last year. The margin grew to 21.5% in Q3FY21 from 20.5% posted in Q3FY20. Highlights 

• US sales up 6.8%
• Europe Rev up 13.2% 
• Growth Markets up 14.6% 
• ARV sales up 41.5% 
• API sales down 13.5% (vs an expectation of single-digit growth)

Ujjivan Financial Services: The company on Wednesday reported a consolidated loss of Rs 490.7 crore in the third quarter ended in December 2020. It had posted a net profit of Rs 75 crore in the same quarter last year. Revenue from operations grew by 3.3% to Rs 771.7 crore in the reported quarter against Rs 746.5 crore posted last year. 

IOL Chemicals & Pharmaceuticals: The manufacturer of Speciality Chemicals has reported a 17.1% year-on-year rise in the consolidated profit at Rs 114.8 crore in the quarter ended December 31, 2020. It had reported a net profit of Rs 98 crore in the corresponding quarter last year. Consolidated revenue from operations was almost flat at Rs 513 crore, up 0.33%, from Rs 5.11.3 crore reported last year. EBITDA stood at Rs 157.3 crore, down 1.4%, from Rs 159.5 crore. Margin fell to 30.7% in Q3FY21 from 31.2% reported in Q3FY20. 

JB Chemicals: The pharmaceutical company has reported 2.3 times year-on-year increase in consolidated profit at Rs 154.3 crore in the quarter ended December 31, 2020. It had reported a net profit of Rs 66.4 crore in the same quarter last year. Revenue from operations went up 27.9% to Rs 548.2 crore in the reported quarter against Rs 428.6 crore reported last year. EBITDA stood at Rs 171 crore, up 91%, from Rs 89.6 crore posted last year. Margin went up to 31.2% in Q3FY21 from 20.9% posted in Q3FY20. 

NBCC + Suprajit Engineering

NBCC: The management consulting company has reported a 74.8% year-on-year rise in the consolidated profit at Rs 97 crore for the quarter ended December 31, 2020. It had posted a net profit of Rs 55.5 crore in the corresponding quarter last year. Consolidated revenue from operations grew 9% to Rs 2,103.6 crore from Rs 1,930 crore posted last year. EBITDA stood at Rs 63.8 crore, up 146 %, from Rs 25.9 posted last year. The margin went up to 3% in Q3FY21 from 1.3% reported in Q3FY20. 

Suprajit Engineering: The auto part company has reported a 66% year-on-year rise in the consolidated profit of Rs 51.6 crore for the quarter ended December 31, 2020. It had posted a net profit of Rs 31.1 crore in the same quarter last year. Consolidated revenue from operations grew 23.1% to Rs 507.2 crore in the reported quarter against Rs 412.2 crore posted last year. EBITDA stood at Rs 86.3 crore, up 72%, from Rs 50.2 crore posted last year. The margin went up to 17% in Q3FY21 from 12.2% posted in Q3FY20. Besides, the board of the company has approved the buyback proposal of up to 15 lakh equity shares - being 1.07% of the total paid-up equity share capital - for an aggregate amount not exceeding Rs 48 crores. The buyback price has been fixed at Rs 320 per share and the record date has been fixed on February 22, 2021. 

BPCL + Magma Fincorp

BPCL:  The company on Wednesday said that it will buyout 36.62% stakes of Bharat Oman Refineries Limited (BORL) for a consideration of Rs 2,399 crore. Upon completion of the above purchase. BPCL will hold 100% of the equity share capital (on a non-diluted basis) in BORL. 

Magma Fincorp: Adar Poonawalla-controlled Rising Sun Holdings will acquire a 60% stake in NBFC Magma Fincorp by subscribing to a Rs 3,456-crore preferential issue. After the infusion of capital, Magma and its subsidiaries will be renamed and rebranded Poonawalla Finance. After the deal, the promoter group stake will get reduced to 13.3 per cent. 

Railtel Corporation of India: The initial public offering (IPO) of the telecom company Railtel Corporation will hit the market on February 14, 2021. The company has fixed a price band of Rs 93-94 per equity share. The public issue will close on February 18, 2021.