Stocks in Focus on January 21: HUL, Concor, Vedanta, Diagnostic Stocks, Real Estate Stocks and many more

Domestic equity markets closed with deep cuts on Thursday, January 20, 2022, amid mixed cues from the global equity markets. The S&P BSE Sensex tumbled 634.20 points, or 1.06% to 59,464.62. The Nifty 50 index fell 181.40 points, or 1.01%, to end at 17,757. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Friday, January 21, 2022. List of such five stocks:

Q3FY22 Earnings: 

Hindustan Unilever Limited (HUL): India's largest fast-moving consumer goods company has reported a 16.8% YoY rise in net profit to Rs 2,243 crore for the quarter ended December. It had posted a profit of Rs 1,921 crore in the corresponding quarter of the last fiscal. The company’s revenue from operation grew 10.4% to Rs 13,092 crore in the reported quarter compared to Rs 11,862 crore posted last year. Its EBITDA grew 14.9% to Rs 3,279 crore compared to Rs 2,854 crore posted last year. Margins stood at 25% in Q3FY22 compared to 24% posted in Q3FY21. The soap-to-shampoo maker’s underlying volume growth stood at 2% for the quarter

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Segmental performance 

Home Care: The revenue of the home care products grew 23% to Rs 4,193 crore in the reported quarter against Rs 3,409 crore posted last year. EBIT grew 33.75% to Rs 864 crore compared to Rs 646 crore while margin grew to 20.6% in Q3FY22 compared to 19% posted in Q3FY21.

Beauty & Personal care: The revenue from beauty and personal care products grew 6.9% to Rs 5,175 crore in the reported quarter against Rs 4,841 crore posted last year. EBIT grew 2% to Rs 1,441 crore compared to Rs 1,413 crore while margin grew to 27.9% in Q3FY22 compared to 29.2% posted in Q3FY21.

Food & Refreshment: The revenue from the food and refreshment products grew 3.3% to Rs 3,466 crore in the reported quarter against Rs 3,356 crore posted last year. EBIT grew 36.6% to Rs 646 crore compared to Rs 473 crore while margin grew to 18.6% in Q3FY22 compared to 14.1% posted in Q3FY21.

Havells: Consumer electrical goods maker has reported a decline of 12% in the net profit at Rs 306 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 349 crore posted in the corresponding quarter of last fiscal. The company’s revenue from operations grew 15% to Rs 3,652 crore in the reported quarter compared to Rs 3,166 crore posted last year. EBITDA fell 13% to Rs 441 crore compared to Rs 508 crore posted last year. Margin dropped to 12% in Q3FY22 compared to 16% posted in Q3FY21. The company’s ad expenses increased to Rs 100 crore in the December 2021 quarter against Rs 51 crore posted last year.

Segment growth 

Switchgears: +14% 
Cable: +33% 
Lighting: +16% 
ECD: +14% 
Lloyd: -9% 

Concor: State-owned Container Corporation of India Ltd (Concor) has reported a 20.4% rise in the net profit at Rs 286.5 crore for the quarter ended December 31, 2021. It had posted a net profit of Rs 237.9 crore in the corresponding quarter a year ago. The multi-modal logistics company’s revenue from operations grew 9.5% to Rs 1,920 crore compared to Rs 1,753.8 crore posted last year. The EBITDA grew 22.5% to Rs 455.6 crore compared to Rs 371.9 crore posted last year. The margins stood at 23.7% in Q3FY22 compared to 21.2% posted in Q3FY21. Besides, the company has made provisions of Rs 223 crore for land license fees while the reduction in employee cost aids earnings. Its EXIM Revenue grew 2.4% to Rs 1329.5 crore; domestic revenue was 30% up at Rs 590.5 crore. The board has approved an interim dividend of Rs 2/share and fixed February 3, 2022, as the record date for the same.  

Biocon: The Biopharmaceutical company has reported a 17.68% YOY rise in profit at Rs 219.6 crore for the quarter ended December 31, 2021. It has posted a profit of Rs 186.6 crore in the corresponding quarter last fiscal. The company’s revenue from operations grew 17% to Rs 2,174 crore compared to Rs 1,857 crore posted last year. EBITDA grew 25% to Rs 489 crore compared to Rs 400 crore posted last year. The margin grew to 22.5% in Q3FY22 compared to 21.5% posted in Q3FY21.  
 

Mphasis: The IT firm has reported a 5% QoQ rise in the consolidated profit at Rs 358 crore for the quarter ended December 31, 2021. It has posted a profit of Rs 341 crore in the previous quarter ended September 30, 2021. The company’s revenue from operations grew 8.9% QoQ to Rs 3,124 crore compared to Rs 2,869 crore posted in the previous quarter. Its EBIT grew 9.3% to Rs 471 crore compared to Rs 431 crore posted in September 2021 quarter. Its margin grew 15.1% in Q3FY22 from 15% posted in Q2FY22. Besides, Mphasis and CrossTower partner to develop a ‘Center of Excellence in Web 3.0 and Blockchain technologies.

Persistent Systems: The technology services company has reported an 8.6% QoQ rise in the consolidated profit at Rs 176 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 162 crore posted in the previous quarter ended September 30, 2021. The company’s revenue from operations grew 10.4% QoQ to Rs 1,492 crore compared to Rs 1,351 crore posted in the previous quarter. Its revenue in dollar terms grew 9.3% to $19.9 crore compared to $18.23 crore. EBIT grew 11.8% QoQ to Rs 209 crore compared to Rs 187 crore posted last year. The margin grew to 14% in Q3FY22 from 13.8% posted in Q2FY22. The board has approved an interim dividend of Rs 20 per share. 

PNB Housing Finance: The housing finance company has reported a 19% YoY decline in the consolidated profit at Rs 189 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 232 crore in the corresponding quarter last year. Net interest income fell 19% YoY to Rs 415 crore compared to Rs 512 crore posted last year.

Sasken Technologies: The telecommunications company has reported a 19% QoQ decline in the consolidated profit at Rs 30 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 37 crore in the previous quarter ended September 30, 2021. The company’s revenue from operations fell 3% QoQ to Rs 106 crore from Rs 109 crore posted in September 2021 quarter. EBIT declined 10% to Rs 30 crore against Rs 33 crore posted in the previous quarter while the margin contracted to 28% in Q3FY22 from 30% posted in Q2FY22.

Vimta Labs: The company has reported a 50% YoY rise in the consolidated profit at Rs 12 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 8 crore in the corresponding quarter of last fiscal. Its revenue from operations grew 14% YoY to Rs 67 crore compared to Rs 59 crore posted last year. EBITDA grew 24% to Rs 21 crore compared to Rs 17 crore posted last year while margin improved to 31% in Q3FY22 against 28% posted in Q3FY21. 

Bajaj Holdings: The Non-Banking Financial Company (NBFC) has reported a 10% YoY decline in the consolidated profit at Rs 1,040 crore for the quarter ended December 31, 2021. It has posted a profit of Rs 1,150 crore in the corresponding quarter of last fiscal. Revenue from operations dropped 4% YoY to Rs 965 crore compared to Rs 100 crore posted last year. 

Lyka Labs: The pharmaceutical company has reported a consolidated profit of Rs 6 crore for the quarter ended December 31, 2021. It had posted a loss of Rs 2.3 crore in the corresponding quarter last fiscal. The company’s revenue from operations grew 33% to Rs 36 crore compared to Rs 27 crore posted last year. EBITDA grew 117% to Rs 13 crore compared to Rs 6 crore posted last year. Margin improved to 37% in Q3FY22 against 22.4% posted in Q3FY21. 

AGS Transact Technologies IPO: The Rs 680 crore initial public offering (IPO) of AGS Transact Technologies, a payment solutions provider, was subscribed 1.42 times on Thursday, the second day for bidding. The Qualified Institutional Buyers (QIBs) was subscribed 0.49 times while the Non Institutional Investors portion was subscribed 1.13 times and the Retail Individual Investors (RIIs) portion was subscribed 2.06 times. Today, i.e., Friday, January 21, 2022, is the last day for bidding for the issue. The company has fixed a price band of the IPO at Rs 166-175 per share. The IPO is entirely an offer for sale (OFS) by a promoter and other selling shareholders. Retail investors can bid for a minimum of 85 equity shares and in multiples of 85 shares thereafter.

Vedanta: Anil Agarwal, Chairman, Vedanta has said to Reuters that the company is creating a fund of $10 billion (Rs 7,500 crore). The fund will be used to bid for assets including the Indian Government’s stake in Bharat Petroleum Corp Ltd (BPCL) among others. The company may finance BPCL’s stake acquisition through debt as it will have no trouble in raising the funds. The fund will be made up of its own resources and outside investment. It is also exploring opportunities for new zinc, gold and magnesium mines in Saudi Arabia. Agarwal said $2 billion (Rs 1,500 crore) worth of investment will be required to tap opportunities in the kingdom.

Dr. Lal + Metropolis + Thyrocare: The Delhi government on Thursday capped the cost of RT-PCR tests for coronavirus disease both at private laboratories and hospitals as well as for samples collected from home slashed to Rs 500 from the earlier Rs 700. It has also slashed the prices of the Rapid Antigen Test (RAT). The RT-PCR test at labs and hospitals has been capped at Rs 300 from the earlier Rs 500, while the RAT has been reduced to Rs 100 as against Rs 300 earlier. For home collection, the cost of the RT-PCR test has been slashed to Rs 500 from the earlier Rs 700. The antigen test has been reduced to Rs 100. 

Godrej Prop / Oberoi Realty / Kolte Patil: Maharashtra government is contemplating waiving property tax on houses with an area of up to 500 sq ft in Thane city – after a similar relief for Mumbai residents. The issue was discussed by the state cabinet. 

Surya Roshni: The company has obtained orders amounted to Rs 65.40 crore (excluding GST) for the supply of ERW Line Pipe (API- 5L) for Gas Projects to ONGC and Rs 57.77 crore (excluding GST) for the supply of MS (Make: Surya) Bare Pipes 3 LPE Coated for Water Supply Project from Chambal- Bhilwara WSP (Phase-I) through Vishnu Prakash R Punglia Ltd.