Stocks in Focus on July 15: Zomato IPO, Infosys, LTTS, Tinplate to Titan; here are the 5 Newsmakers of the Day

Benchmark indices ended with decent gains on Wednesday, July 14, 2021. The S&P BSE Sensex index advanced 134.32 points or 0.25 per cent to end at 52,904.05. The Nifty 50 added 41.60 points or 0.26 per cent higher at 15,853.95. But certain stocks came in the news after the market was closed. These stocks can impact the indices, when it reopens on Thursday, July 15, 2021. List of such five stocks:

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Zomato IPO: The initial public offering of the online food delivery platform Zomato, which opened for subscription on Wednesday, was subscribed 1.05 times on the first day of subscription. The QIB quota was subscribed 0.98 times, while the NII and RII portions were subscribed 0.13 times and 2.7 times respectively. The public offering will remain open for subscription till Friday, July 16, 2021. The price band of Zomato IPO is fixed at Rs 72-76 per share. The company aims to raise Rs 9,375 crore through the offer. The IPO comprises a fresh issue of equity shares worth Rs 9,000 crore and an offer for sale (OFS) worth Rs 375 crore by existing investor Info Edge (India). Post-IPO, the valuation of Zomato will be Rs 59,600 crore. 

Infosys + LTTS

Infosys: The country's second-largest software services company has reported a 2.4% QoQ rise in the consolidated profit at Rs 5,201 crore for the quarter ended June 30, 2021 (Q1FY22). It had posted a profit of Rs 5,078 crore in the previous quarter ended March 31, 2021 (Q4FY21). The consolidated revenue from operations grew 6% QoQ to Rs 27,896 in the reported quarter as compared to Rs 26,311 crore posted in the previous quarter. The revenue in dollar terms grew 4.7% QoQ to $378.2 crore compared to $361.3 crores posted in the previous quarter. The EBIT stood at Rs 6,603 crore, up 2.5% from Rs 6,440 crore posted in the previous quarter. The margin declined to 23.7% in Q1FY22 compared to 24.5% posted in Q4FY21. Other details: 

CC growth QOQ: 4.8% (fastest Q1 in 10 years)  

FY22 revenue guidance increased to 14%-16% (12%-14% earlier)  

FY22 margin guidance maintained at 22-24% 

Q1 TCV at $2.6 billion (comprises 22 large deals, of which 9 from the BFS segment) 

Digital share is now 53.9% of revenue  

Attrition: 13.9% vs 10.9% 

LTTS: Engineering services company L&T Technology Services has reported a 10.8% QoQ rise in the consolidated profit at Rs 216 crore for the quarter ended June 30, 2021 (Q1FY22). It had posted a profit of Rs 195 crore in the previous quarter ended March 31, 2021 (Q4FY21). The consolidated revenue from operations grew 5.3% QoQ to Rs 1,518 crore in the reported quarter from Rs 1,441 crore posted in the previous quarter. In dollar terms, the revenue grew 4.2% QoQ to $20.57 crore compared to $19.75 crore posted in the previous quarter. EBIT stood at Rs 262 crore, up 9.6% QoQ from Rs 239 crore posted in the previous quarter. The EBIT margin improved to 17.3% in Q1FY22 from 16.6% posted in Q4FY21. Other Details:

Four consecutive quarters of operating margin improvement 
Expected broad-based growth to continue 
Attrition rate: 14.5% vs 12.2% 

Tinplate + Dodla Dairy + Hatsun Agro + Craftsman 

Tinplate: The metal can manufacturer Tinplate has reported a 22.1% QoQ rise in consolidated profit at Rs 68.6 crore for the quarter ended June 30, 2021(Q1FY22). It had posted a profit of Rs 56.2 crore in the previous quarter ended March 31, 2021 (Q4FY21). The company posted a consolidated loss of Rs 6.9 crore in the corresponding quarter of the previous financial year (Q1FY21). Consolidated revenue grew 14.7% QoQ to Rs 866.3 crore compared to Rs 755 crore posted in the previous quarter. On a year-on-year basis, the revenue grew 128.1% from Rs 379.8 crore posted in Q1FY21. EBITDA stood at Rs 101.3 crore, up 18.4% QoQ from Rs 85.6 crore posted in the previous quarter. On a year-on-year basis, EBITDA grew 1,646.6% from Rs 5.8 crore posted in Q1FY21. Margin improved t0 11.7% in Q1FY22 from 11.3% posted in Q4FY21 and 1.5% posted in Q1FY21.

Dodla Dairy: The leading dairy company in southern India Dodla Dairy has reported a consolidated profit of Rs 9.6 crore for the quarter ended March 31, 2021. It had posted a loss of Rs 1.9 crore in the same quarter of the previous financial year. Consolidated revenue from operations grew 0.6% YoY to Rs 530 crore compared to Rs 527 crore posted last year. The EBITDA stood at Rs 35.7 crore, up 158.8% YoY from Rs 13.8 crore posted last year. The margin improved to 6.7% in Q4FY21 compared to 2.6% posted in Q4FY20.

Hatsun Agro Products: The Chennai-based private sector dairy company Hatsun Agro has reported a 2.1% QoQ rise in the consolidated profit at Rs 58.3 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 57.1 crore in the previous quarter ended March 31, 2021. The profit grew 3.9% YoY from Rs 56.1 crore posted in the corresponding quarter of the previous financial year. The consolidated revenue from operations fell 1.5% QoQ to Rs 1,544.7 crore in the reported quarter as compared to Rs 1,569 crore posted in the previous quarter. On a year-on-year basis, the revenue grew 20.7% from Rs 1,279.3 crore posted last year. EBITDA stood at Rs 178 crore, down 6% QoQ from Rs 189.3 crore posted in the previous quarter. On a YoY basis, the EBITDA declined 5.8% from Rs 188.9 crore posted last year. Margin dropped to 11.5% in Q1FY22 compared to 12.1% posted in Q4FY21 and 14.8% posted in Q1FY21.

Craftsman Automation: Engineering Services Company has reported a 49.1% QoQ decline in the consolidated profit at Rs 24.1 crore for the quarter ended June 30, 2021 (Q1FY22). It had posted a profit of Rs 47.3 crore in the previous quarter ended March 31, 2021 (Q4FY21). It had reported a consolidated loss of Rs 16.2 crore in the corresponding quarter of the last financial year (Q1FY21). Consolidated revenue from operations fell 19% QoQ to Rs 435.2 crore in the reported quarter compared to Rs 537 crore posted in the previous quarter. The revenue grew 167% on a year-on-year basis from Rs 163 crore posted last year. EBITDA stood at Rs 107.8 crore, up 28.4% QoQ from Rs 150.6 crore posted in the March quarter. EBITDA grew 141.2% YoY from Rs 44.7 crore posted in Q1FY21. Margin contracted to 24.8% QoQ in Q1FY22 from 28% posted in Q4FY21. The company posted a margin of 27.4% in Q1FY21. Besides, the Board of Directors of the Company has considered and approved the termination of the Joint Venture Agreement dated October 22, 2007, with Mitsubishi Corporation Tokyo, MC Machinery Systems Inc. USA, Mitsubishi Corporation India Private Limited India and Mitsubishi Corporation Technos Japan. The Joint Venture Agreement was entered to form a new Company namely MC Craftsman Machinery Private Limited ("MCCM") to sell Electric Discharge Machines and Laser Cutting Machines ("Products") and provide appropriate services to the users of Products in India. The Company is presently holding 10% of the paid-up share capital of MCCM.

KRBL + Amara Raja

KRBL: The Supreme Court of India vide its order dated July 13, 2021, has asked to Maintain the Status Quo on the Punjab Pollution Control Board ('Punjab PCB') order restraining the operations of its unit situated at Dhuri, Distt. Sangrur, Punjab, in compliance with the orders passed by the National Green Tribunal (NGT). The operating activity in the unit continues as usual.

Amara Raja Battery: High Court of Andhra Pradesh, at a hearing on July 12, 2021, has extended the interim suspension of said orders of APPCB by four weeks or until further orders, whichever is earlier and the next date of hearing is scheduled on July 26, 2021. The Company has been working closely with APPCB officials for a satisfactory resolution of the matter in the interest of all stakeholders. 

Titan: Rakesh Jhunjhunwala has reduced his stake in Titan from 5.06% to 4.81%. The update on the shareholding pattern of June 30, 2021, was published yesterday. Rakesh Jhunjhunwala reduced his stakes in the company from 3.97% to 3.72%, but his wife Rekha Jhunjhunwala’s stake remains unchanged at 1.09%.