Key indices ended almost flat with negative bias on Friday, January 14, 2022. The S&P BSE Sensex fell 12.27 points or 0.02% at 61,223.03. The Nifty 50 index declined 2.05 points or 0.01% to 18,225.75. Both these indices rose about 2.8% in the past five sessions. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Monday, January 17, 2022. List of such five stocks: 

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Q3FY22 Earnings: HDFC Bank + HCL Technologies + Tinplate + Metro Brands + Urja Global

HDFC Bank: The leading private sector lender HDFC Bank has reported an 18% YoY rise in the profit at Rs 10,343 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 8,758 crore in the corresponding quarter last fiscal. PAT is higher due to lower provisions and higher income. Net Interest Income (NII), the difference between interest earned and interest expended, jumped 13% YoY to Rs 18,443.5 crore compared to Rs 16,317.6 crore posted last year. Provisions and contingencies for the quarter declined 12.3% YoY to Rs 2,994 crore from Rs 3,414 crore posted last year. Other income grew 9.9% at Rs 8,183.6 crore in the reported quarter against Rs 7,443.2 crore posted last year. The gross non-performing assets (GNPAs) as a percentage of gross advances fell to 1.26% in Q3FY22 against 1.35% posted in Q2FY22 while the net NPA (NNPAs) dropped to 0.37% in the reported quarter against 0.4% posted in the previous quarter. The lender net interest margin (NIM) stood at 4.1%. The bank’s loan book was 16.5%.

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HCL Technologies: IT Major HCL Technologies has reported a 5.6% QoQ rise in the consolidated profit at Rs 3,442 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 3,259 crore posted in the previous quarter ended September 30, 2021. Revenue from operations grew 8.1% QoQ to Rs 22,331 crore compared to Rs 20,655 crore posted last year. The IT major said its revenue in dollar terms grew 6.7% QoQ to $297.7 crore in the reported quarter against $279.1 crore posted in the previous quarter. EBIT grew 7.9% QoQ to Rs 4,257 crore in December 2021 quarter against Rs 3,944 crore posted in September 2021 quarter. Its margin remained flat at 19.1%. In constant currency terms, revenue growth stood at 7.6 per cent QoQ, the highest in the last 12 years. The company declared a dividend of Rs 10 per share for Q3, being the 76th consecutive quarter of dividend pay-out. The record date for interim dividend payment has been fixed on December 22, 2022. The company said the total contract value (TCV) of its new deal was at $2,135 million registering 64% YoY growth. It said its revenue is expected to grow in double digits in constant currency for FY22. EBIT margin is expected to be between 19% and 21% for FY22. The attrition was at 19.8% against 15.7% posted in the previous quarter.

Tinplate: Tinplate Company of India has reported a 187.9% YoY rise in the consolidated profit at Rs 95 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 33 crore in the corresponding quarter last fiscal. Its revenue from operations grew 91.7% to Rs 1,179 crore compared to Rs 615 crore posted last year. EBITDA grew 146.3% to Rs 133 crore compared to Rs 54 crore posted last year. Margin improved to 11.3% in Q3FY22 against 8.8% posted in Q3FY21.

Metro Brands: Footwear retail chain has reported a 57% YoY jump in the consolidated profit at Rs 101.27 crore for the quarter ended December 31, 2022. It had posted a profit of Rs 64.55 crore in the corresponding quarter last fiscal. Its revenue from operations grew 59% at Rs 482.77 crore in the reported quarter compared to Rs 304.21 crore posted last year. EBITDA grew 71% YoY to Rs 167.89 crore compared to Rs 98.27 crore posted last year. the company’s margin improved to 34.70% in Q3FY22 compared to 32.3% posted in Q3FY21. Meanwhile, the company informed that it has entered into a strategic partnership with wellbeing footwear brand FitFlop for the Indian market. Metro Brands has been selling FitFlop in India for the last four years and with this agreement, Metro Brands has secured exclusive rights for the sale of FitFlop for Indian markets across formats, including exclusive brand stores, multi-brand stores, airport stores, distribution, online marketplaces and webstore in India. 

Urja Global: The solar power company has reported a 39% YoY drop in the consolidated profit at Rs 0.31 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 0.51 crore in the corresponding quarter last fiscal. Revenue from operations fell 36% YoY to Rs 24.95 crore compared to Rs 38.72 crore posted last year. EBITDA grew 533% to Rs 0.57 crore compared to Rs 0.09 crore posted last year. Margin improved to 2.28% in Q3FY22 compared to Rs 0.2% posted in Q3FY21. 

Auto Companies / EV Stocks / Power Companies in focus: The Union Ministry of Power has promulgated the revised consolidated Guidelines & Standards for Charging Infrastructure for Electric Vehicles (EV). Any individual/entity is free to set up public charging stations without the requirement of a license provided that, such stations meet the technical, safety as well as performance standards and protocols laid down under the guidelines as well as norms/ standards/ specifications laid down by Ministry of Power, Bureau of Energy Efficiency (BEE) and Central Electricity Authority (CEA) from time to time. A phase-wise installation has been envisaged under the guidelines. Phase I (1-3 Years) in which all Mega Cities with a population of 4 million-plus as per census 2011, all existing expressways connected to these Mega-Cities & important Highways connected with each of these Mega Cities may be taken up for coverage. A list of these Mega Cities and existing connected expressways is prepared. Phase II (3-5 Years) in which big cities like State Capitals, UT headquarters may also be covered for distributed and demonstrative effect. Further, important Highways connected with each of these Mega Cities may be taken up for coverage. The tariff for supply of electricity to Public EV Charging Stations shall be a single part tariff and shall not exceed the “Average Cost of Supply” till March 31, 2025. The same tariff shall be applicable for Battery Charging Station (BCS). The tariff applicable for domestic consumption shall be applicable for domestic charging. Owners may charge their Electric Vehicles at their residence/offices using their existing electricity connections. Infrastructure requirements for Public Charging Infrastructure as well as for Public Charging Infrastructure for long-range EVs and/or heavy-duty EVs have been outlined.

IOC: Indian Oil Corporation (IOC) on Sunday said it will invest over Rs 7,000 crore in setting up city gas distribution networks in the cities for which it has secured a licence in the latest bidding round. Indian Oil plans to invest over Rs 7,000 Crore in these new CGD Projects, over and above the Rs 20,000 crore already planned for its CGD Vertical. Of the 61 geographical areas (Gas) that received bids in the 11th round city gas distribution (CGD) bidding, IOC got 9 licenses to retail CNG to automobiles and piped cooking gas to households.

Oil India Ltd.: Oil India (USA) Inc., A Texas, USA Corporation (Wholly Owned Subsidiary of Oil India Limited), divested its entire stake in Niobrara Shale Asset, USA. The company will get $25 million by divesting the entire stake. Besides, ATF price or jet fuel was hiked by 4.2% on Sunday. This is the second increase in rates this month warranted by firming international oil prices.

Hinduja Global: The Board of Directors of the company has approved a buyback of up to Rs 1,000 crore. The exact quantum of the buyback, price of buyback, timing of the buyback will be announced later. Besides, the Board also reviewed potential opportunities and agreed on in-principle one of the opportunities to acquire the digital business of NXTDIGITAL Limited (‘NDL’), a related party, through the issuance of shares. The proposed acquisition of the digital business of NDL will be a strategic fit to the Company’s stated strategy of becoming a digital company. With a pan-India reach, NXTDIGITAL delivers television services through a dual delivery platform consisting of digital cable and the country’s only Headend-In-TheSky (HITS) satellite platform, under the brand names INDigital and NXTDIGITAL respectively. NDL is the media vertical of the global Hinduja Group.

Shareholding Changes

Gateway Distriparks: LIC reduced its stakes in the company by 1.17% in the December 2021 quarter.  
Birla Corp: LIC bought 1.02% stakes in the company in December 2021 quarter. 
ISMT: Mukul Mahavir Agarwal bought 2.43% stakes in the company in December 2021 quarter.