Domestic equity benchmarks registered substantial losses on January 24, 2022, amid negative cues from the global equity markets. The barometer S&P BSE Sensex tumbled 1,545.67 points or 2.62% to 57,491.51. The Nifty 50 index slumped 468.05 points or 2.66% to 17,149.10. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Tuesday, January 25, 2022. List of such five stocks:

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Q3FY22 Earnings Update

Axis Bank: Private sector lender Axis Bank on Monday reported a 3.2x YoY rise in the profits at Rs 3,614 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 1,116.6 crore in the corresponding quarter last year. The bank's net interest income was up 17% YoY to Rs 8,653 crore compared to Rs 7,373 crore posted last year. The lender’s total provisions and contingencies stood at Rs 1,335 crore, down 64.46% y-o-y, from Rs 3757 crore posted last year. The bank’s gross non-performing assets (NPAs) ratio –bad loans as a percentage of gross advances -- were at 3.17% in Q3FY22 compared to 3.53% posted in Q2FY22. The net NPA ratio was at 0.91% in the period under consideration compared to the 1.08% posted in September 2021 quarter. The bank’s gross slippages in Q3FY22 stood at Rs 4,147 crore as compared to Rs 5,464 crore during Q2FY22. Axis Bank’s advances grew 17% YoY and 7% QoQ as of December 31, 2021. Retail loans grew 18% YoY and 6% QoQ. Its SME loans were up 20% YoY and 9% QoQ while corporate advances grew 13% Yoy and 7% QoQ. In addition, the bank has issued more than 0.77 million credit cards in Q3FY22, the highest ever for any quarter while credit card spends up 52% YOY & 22% QOQ. 

SBI Card: The credit card company and payment solutions provider has reported an 84% YoY rise in the profits at Rs 386 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 210 crore in the corresponding quarter last year. The company's revenue from operations grew 20% YoY to Rs 2,890 crore in the reported quarter compared to Rs 2,408 crore posted last year. The increase in revenue is primarily due to higher income from fees and services in Q3 FY22, SBI Cards said. The net interest margin of the SBI Card stood at 14% in Q3FY22 against 14.5% posted in Q3FY21. The credit card company's gross NPA declined to 2.4% in December 2021 quarter compared to 3.36% posted last year. The Net NPA fell to 0.83% against 0.91^% posted last year. The total operating cost increased to Rs 1,719 crore for Q3FY22 as compared to Rs 1,348 crore recorded in Q3FY21. The increase is due to higher business volumes and festive campaigns in the December 2021 quarter. Besides, the cards in force stand at 1.32 crore compared to 1.15 crore, up 15% YoY and 5% QoQ. Spends stand at Rs 55,397 crore compared to Rs 37,797 crore, up 47% YOY and 27% QoQ. Receivables stands at Rs 29,129 crore against Rs 25,749 crore, up 13% YoY and 9% QoQ. Retail spending increased 36% at Rs 42,417 crore while corporate spends grew 93% at Rs 12,900 crore. 
 

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IEX: Indian Energy Exchange has reported a 38% YoY rise in the consolidated profit at Rs 80.4 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 58.1 crore in the corresponding quarter last year. The company's revenue from operations grew 38% YoY to Rs 117.5 crore compared to Rs 85.2 crore posted last year. EBITDA grew 42% to Rs 99 crore in the reported quarter compared to Rs 69.5 crore posted last year. Margins improved to 84.2% in Q3FY22 compared to 81.6% posted in Q3FY21. IEX has posted strong numbers despite the high base of last year. The board in its meeting held on Monday also approved an interim dividend of Re 1 per equity share of the face value of Re 1 each for the financial year ending March 31, 2022. The board has fixed February 4, 2022, as the record date to ascertain the eligibility of the shareholders for the payment of interim dividends.

Deepak Nitrite: Chemical firm Deepak Nitrite has reported a 12% YoY rise in the consolidated profit at Rs 242 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 217 crore in the corresponding quarter last year. The company's revenue from operations grew 39% YoY to Rs 1,722 crore compared to Rs 1,235 crore posted last year. EBITDA rose 5% YoY to Rs 351 crore in the reported quarter against Rs 336 crore posted last year. Its margin declined to 20.4% in Q3FY22 against 27.1% posted in Q3FY21. 

Ramco Cement: The company has reported a 58.9% YoY decline in the profits at Rs 82.6 crore for the quarter ended December 31, 2021. It has posted a profit of Rs 201 crore in the corresponding quarter last year. Revenue from operations grew 15.7% YoY to Rs 1,539.1 crore in the reported quarter against Rs 1,339 crore posted last year. The company's EBIDTA fell 41.8% YoY to Rs 230.9 crore compared to Rs 397 crore posted last year. The EBITDA margin contracted to 14.9% in Q3FY22 from 29.6% posted in Q3FY21. Ebitda/Ton declined 49.3% to at Rs 768 from Rs 1,515.6 . The rapid increase in the price of pet coke and coal showed pressure on the margin. Due to weak demand, the price of cement came under heavy pressure in December. Since the fuel, prices have peaked out during this quarter the power & fuel cost per ton of cement for Q3 has sharply increased by Rs 582 per ton YoY to Rs 1,380 per ton from Rs 818 per ton in Q3 of PY. Power and Fuel cost as % of Revenue 26.8% against 16%. 

Shriram Transport Finance: Commercial vehicle financier has reported a 6.5% YoY decline in the profit at Rs 681 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 728 crore in the corresponding quarter last year. The company's revenue from operations grew 9% to Rs 4,832 crore in the reported quarter compared to Rs 4,443 crore posted last year. Its net interest income (NII) grew 11% to Rs 2,388 crore compared to Rs 2,148 crore posted last year. Total asset under management (AUM) grew 8.4% YoY to Rs 1.24 lakh crore compared to Rs 1.15 lakh crore posted last year. Shriram Transport's gross NPA grew to 8.4% in Q3FY22 compared to 7.82% posted in Q3FY21. The net NPA grew to 4.36% in the reported quarter compared to 4.18% posted last year. The collection grew to 101% in Q3FY22 against 99% posted in Q2FY22. 
 

IndiaMART InterMESH: The company has reported a 14% QoQ decline in the profit at Rs 70 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 82 crore in the previous quarter ended September 30, 2021. The company's revenue from operations grew 3% QoQ to Rs 188 crore compared to Rs 182 crore posted in the previous quarter. Its EBIDTA fell 5% QoQ to Rs 79 crore in December 2021 quarter compared to Rs 83 crore posted in September 2021 quarter. Margins contracted to 42% in Q3FY22 compared to 46% posted in Q2FY22. Besides, during the quarter IndiaMART InterMESH acquired a 7.7% stake in ‘Mynd Solutions Private Limited’ which operates a receivables exchange under the brand name of ‘M1xchange’. It also acquired a 26% stake in 'Edgewise Technologies Private Limited" which offers AI-driven omnichannel inventory and warehouse management solutions to merchants under the brand name of 'EasyEcom". In addition, the company has invested Rs 61.55 crore in Simply Vyapar Apps. The company is in the business of GST billing software. 
 

Burger King: Quick service restaurant chain Burger King India Ltd has reported narrowing of net loss to Rs 15 crore for the quarter ended on December 31, 2021. It had posted a net loss of Rs 29.3 crore in the corresponding quarter of the previous fiscal year. The company's revenue from operations grew 72% YoY to Rs 280 crore compared to Rs 163 crore posted last year. EBITDA grew 116% to Rs 32.8 crore compared to Rs 15.2 crore posted last year. Its margin grew to 11.7% in Q3FY22 compared to 9.3% posted in Q3FY21. Besides, the company has completed the acquisition of an 83.24% stake at Enterprise Value of USD 183 Mn (on a cash-free and debt-free basis for 100% of the shares of BK Indonesia). During the quarter, Burger King added 20 restaurants and as of December 31, its total restaurant count was 294. According to the company, presently 9 restaurants are under construction and 65 are in pipeline.

Sudarshan Chemicals: Chemical industry company has reported a 32% YoY decline in the profits at Rs 31.25 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 45.4 crore in the corresponding quarter last year. The company's revenue from operations grew 17% YoY to Rs 539 crore compared to Rs 461 crore posted last year. Its EBITDA fell 13% YoY to Rs 66 crore from Rs 76 crore posted last year. The margin contracted to 12% in Q3FY22 from 16.5% posted in Q3FY21. 

Chennai Petroleum: Petroleum refineries company has reported a consolidated profit of Rs 232 crore for the quarter ended December 31, 2021, compared to a profit of Rs 61.05 crore in the previous quarter ended September 30. 2021. Revenue (net Excise) grew 12.2% QoQ to Rs 9,940 crore compared to Rs 8,856 crore. EBIDTA grew 78.5% QoQ to Rs 546 crore against Rs 306 crore posted in September 2021 quarter. Margin improved to 5.5% in Q3FY22 compared to 3.5% posted in Q2FY22. 

Zensar Technologies: The software company has reported a 3.6% QoQ decline in the consolidated profit at Rs 91 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 94.4 crore in the previous quarter ended September 30, 2021. The company's revenue from operations grew 4.9% QoQ to Rs 1,103 crore compared to Rs 1,051 crore posted in September 2021 quarter. Its revenue in dollar terms grew 3.7% to $14.71 crore compared to $ 14.19 crore. EBIT fell 2.4% to Rs 112 crore compared to Rs 114.7 crore posted in the previous quarter. Margin stood at 10.2% in Q3FY22 against 10.9% in Q2FY22. The company's constant currency (CC) grew 4.7% QoQ. Besides, Zensar Technologies has declared an interim dividend of Rs 1.5 per share. Its attrition was at 26.7% QoQ against 23.2%. Mr. Navneet Khandelwal has tendered resignation from the post of CFO due to personal reasons w.e.f January 31, 2022. 

Bharti Airtel: India’s second-largest telco has said its board will meet on January 28, 2022, to consider raising funds via a preferential share issue to investors other than its promoter group.

Vodafone Idea: (concall takeaways). The company may increase the tariff this year. It may complete the fundraising process by March 2022. The company gave information in the analyst call. 

Lux Industries: Capital markets regulator Sebi on Monday barred 14 entities for indulging in insider trading and ordered impounding ill-gotten gains of Rs 2.94 crore in the matter of Lux Industries Ltd. Those banned by Sebi include Udit Todi, the son of the managing director of Lux, and is currently holding the post of executive director in the company, according to an interim order. Udit Todi holds 2.79% stakes in the company. The surveillance alert system of Sebi had detected a suspicious trading pattern in the scrip of Lux around the announcement dated May 25, 2021, regarding the audited financial results for the quarter and fiscal year ended March 31, 2021, wherein a substantial increase in profits both on a quarter-on-quarter as well as a year-on-year basis was observed.

Linde India: The Board of Directors of the Company has approved a capital expenditure proposal for setting-up of a 264 tonnes per day merchant Air Separation Unit in New Industrial Park, Hero Hitech Cycle Valley near Ludhiana in Punjab to secure growth in the gases business in Northern markets and deliver cost savings. The Board has approved a total capital expenditure of Rs. 152 crore towards the construction of the aforesaid air separation plant, which is expected to be on stream by December 2023. This capital expenditure will be financed by the Company's sources/internal accruals. 

Control Print: Control Print Limited receives USFDA 510(K) Clearance for commercial distribution of 3 ply surgical masks in the United States.