Stocks in Focus on February 12: ITC, Power Grid, MSTC, Tourism Sector to Airline Stocks; here are the 5 Newsmakers of the Day

Domestic equity benchmarks ended near the day's high on Thursday, February 11, 2021. The S&P BSE Sensex rose 222.13 points or 0.43% to 51,531.52. The Nifty 50 index gained 66.80 points or 0.44% to 15,173.30. Both the indices attained record closing levels. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Friday, February 12, 2021. List of such five stocks:

ITC + Power Grid + ACC + Ashok Leyland + Petronet LNG

ITC: The country’s largest cigarette maker ITC has reported an 11.6% year-on-year decline in the net profit at Rs 3,662.9 crore for the quarter ended December 31, 2020. It had posted a net profit of Rs 4,142 crore in the corresponding quarter last financial year. Revenues from operations grew by 4.7% to Rs 12,580 crore against Rs 12,013 crore posted last year. EBITDA stood at Rs 4,281.4 crore, down 7.2%, from Rs 4,612.7 crore posted last year. The margin fell to 34% in Q3FY21 from 38.4% posted in Q3FY20. The company also declared an interim dividend of Rs 5 per share. Segmental performance of ITC:   

See Zee Business Live TV Streaming Below:

Cigarette  

• Revenues up 3.5% to Rs 5498.4 crore v/s Rs 5311 crore.  
• EBIT Down 8% to Rs 3452.8 crore v/s Rs 3756 crore.
• EBIT Margins Down to 62.8% v/s 70.7%. 

FMCG  

• Revenues Up 7.5% to Rs 3561.8 crore v/s Rs 3312.3 crore. 
• EBIT Up 92.8% to Rs 207.4 crore v/s Rs 107.6 crore.
• EBIT Margins Up to 8.2% v/s 3.3%.  

Hotel  

• Revenues down 57.4% to Rs 235.2 crore v/s Rs 552.3 crore.  
• Loss of Rs 67.3 crore v/s Profit of Rs 87.3 crore.  

Agri  

• Revenues up 18.5% to Rs 2481.8 crore v/s Rs 2094.7 crore.  
• EBIT Down 8.1% to Rs 196.1 crore v/s Rs 213.4 crore. 
• EBIT Margins down to 7.9% v/s 10.2%.  

Paperboard  

• Revenues down 5% to Rs 1477.5 crore v/s Rs 1555.4 crore. 
• EBIT Down 14.7% to Rs 285 crore v/s Rs 334 crore.  
• EBIT Margins down to 19.3% v/s 21.5%  

Power Grid: The company has reported a 24.3% year-on-year rise in standalone profit at Rs 3,323.8 crore for the quarter ended December 31, 2020. It had posted a net profit of Rs 2,673.5 crore reported in the same quarter last year. Revenue from operations grew 7.6% to Rs 9,676 crore from Rs 8,992 crore. EBITDA stood at Rs 8,460.5 crore, up 7.4%, against Rs 7,876.2 crore posted last year. The margins remained almost flat at 87.4% in Q3FY21 against 87.6% reported in Q3FY20. The company said, the strong performance from transmission business drives earnings. Its transmission business, the main segment of the company, recorded an 8.4% year-on-year growth in revenue at Rs 9,552 crore. Finance cost dips and other income rises.

ACC: Cement maker ACC Ltd on Thursday reported a 72.5% year-on-year increase in standalone profit at Rs 464 crore for the quarter ended December 31, 2020. It had posted a net profit of Rs 269 crore in the corresponding quarter last year. Revenue from operations grew 2.1% to Rs 4,145 crore against Rs 4,060 crore posted last year. EBITDA stood at Rs 572 crore, up 5.9%, from Rs 540 crore posted last year. Margin grew to 13.8% in Q3FY21 from 13.3% in Q3FY20. The company has reported an exceptional loss of Rs 176 corer in respect of impairment of assets at Madukkarai Unit. There was a deferred tax credit of Rs 270 crore.

Ashok Leyland: The automobile company has reported a loss of Rs 19.4 crore for the quarter ended December 31, 2020, against a profit of Rs 27.8 crore reported in the same quarter last year. Revenue from operations grew 19.8% to Rs 4,813 crore in the reported quarter against Rs 4,016 crore posted last year. EBITDA stood at Rs 253 crore, up 12.4%, from Rs 225 crore. The margin grew to 5.3% in Q3FY21 from 5.6% posted in Q3FY20. The company has reported an exceptional loss of Rs 46 crore.

Petronet LNG: The company has reported a 5.3% quarter-on-quarter dip in profit at Rs 878.5 crore for the quarter ended December 31, 2020 (Q3FY21). It had reported a net profit of Rs 927.3 crore in the quarter ended September 31, 2021 (Q2FY21). Revenues from operations grew 17.5% to Rs 7,328.2 crore in the reported quarter from Rs 6,235.8 crore posted in the previous quarter. EBITDA stood at Rs 1335.3 crore, down 2%, from Rs 1363.3 crore. The margin contracted to 18.2% in Q3FY21 from 21.9% reported in Q2FY21. 

MSTC + Federal-Mogul Goetze + Prestige Estates

MSTC: The state-owned MSTC has reported a 61.3% year-on-year decline in consolidated profit at Rs 11.1 crore for the quarter ended December 31, 2020. It had reported a net profit of Rs 28.7 crore in the corresponding quarter last year. Revenue from operations fell 24.4% to Rs 158 crore in the reported quarter against Rs 209 crore posted last year. EBITDA stood at Rs 29.5 crore, down 38.3%, from Rs 47.8 crore posted earlier. The margin contracted to 18.7% in Q3FY21 from 22.9% reported in Q3FY20.

Federal-Mogul Goetze: Pistons and piston rings manufacturing company Federal-Mogul Goetze (India) has reported a 329.6% year-on-year rise in the consolidated profit at Rs 34.8 crore for the quarter ended December 31, 2020. It had posted a net profit of Rs 8.1 crore in the corresponding quarter last year. Revenue from operations grew 28% YoY to Rs 357 crore in the reported quarter against Rs 279 crore posted last year. EBITDA stood at Rs 66.2 crore, up 86.5%, from Rs 35.5 crore. The margin grew to 18.5% in Q3FY21 from 12.7% reported in Q3FY20. 

Prestige Estates: Realty firm Prestige Estates Projects Ltd on Thursday reported a 63.6% year-on-year decline in the consolidated net profit at Rs 59 crore for the quarter ended December 31, 2020. It had posted a net profit of Rs 162 crore in the corresponding quarter last year. Consolidated revenue fell 31.1% to Rs 1,848 crore in the reported quarter against Rs 2,681 crore posted last year. EBITDA stood at Rs 449 crore, down 37.5%, from Rs 718 crore reported last year. The margin fell to 24.3% in Q3FY21 from 26.8% posted in Q3FY20.

General Insurance Corporation of India + NHPC

General Insurance Corporation of India: Insurance company General Insurance has reported a consolidated year-on-year profit of Rs 955 crore for the quarter ended December 31, 2020. It had reported a loss of Rs 984 crore in the corresponding quarter in the same quarter last year. Gross Written Premium grew 1.9% to Rs 11,829 crore from Rs 11,607 crore posted last year. Net Written Premium grew 7.3% to Rs 10,524 crore from Rs 9,809 crore posted last year. The company has made provisions of Rs 85 crore in the quarter, down 72.8%, from Rs 312 crore made last year. 

NHPC: The hydroelectric power generation company NHPC has reported a 50% year-on-year rise in the consolidated profit at Rs 961.6 crore for the quarter ended December 31, 2020. It had posted a profit of Rs 639 crore in the same quarter last year. Sales grew by 9% to Rs 2,359.6 crore against Rs 2,159 crore posted last year. EBITDA stood at Rs 1,364 crore, up 12.8%, from Rs 1208.4 crore reported last year. The margin grew to 57.8% in Q3FY21 from 55.9% posted in Q3FY20.

Tourism Sector Stocks: The stocks associated with the tourism industry will be in focus today as the government is likely to bring a new tourism policy in the next 1-2 months. Discussions with states and industry on the same policy have reached the final stage, sources informed to Zee Business. According to the sources, there are talks related to grating infra status to the tourism sector and tourism ministry will soon have such talks with the Finance Ministry. The government will have a focus on improving adventure parks and a lot of emphases will be given on improvement in investment framework of Hotel, Resort. There is a special plan to increase access to major tourism destinations. 

Indigo/Spicejet + Sun Pharmaceutical

Indigo/SpiceJet: The government has increased the upper and lower cap on airfare by up to 30 per cent in a move that’s expected to push up tariffs and improve the financials of airlines hit hard by the pandemic. However, the cap on airline capacity, currently at 80 per cent of the pre-COVID level, has been extended till March 31, 2021. The new airfare range will lie between Rs 2,200 to 24,000. Besides, Indigo will start 22 new flights from March 28, 2021.

Sun Pharmaceutical: Sun Pharmaceutical Industries, its founder Dilip Shanghvi and certain other executives, have settled a case involving whistleblower complaints that alleged India’s largest drugmaker and its subsidiary of diverting funds through its sole distributor in the country. They have settled the case of alleged fund diversion with Securities and Exchange Board of India by paying a total amount of Rs 2.92 crore as charges.