Stocks in Focus on June 7: PNB, IOL Chemicals, MOIL, Sugar Stocks to Bajaj Finance; here are the 5 Newsmakers of the Day

The Sensex and the Nifty on Friday, June 4, 2021, ended marginally down amid negative cues from the global equity markets. The Sensex at Bombay Stock Exchange slipped 132 points, or 0.25 per cent, to finish at 52,100. The Nifty at the National Stock Exchange also fell 20 points, or 0.13 per cent to close at 15,670. But certain stocks came in the news after the market was closed. These stocks can impact the indices, when it reopens on Monday, June 7, 2021. List of such five stocks:

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PNB + IndiGo

PNB: The public sector bank has reported a 16% QoQ rise in the profit at Rs 586 crore for the quarter ended March 31, 2021. The lender haad reported a profit of Rs 506 crore in the previous quarter ended December 31, 2021. The Deli-based lender’s Net Interest Income (NII) fell 16% to Rs 6,938 crore compared to Rs 8,313 crore posted in the previous quarter. Net interest margin (NIM) stood at 2.83% as compared to 3.21% posted in the previous quarter. The bank’s gross non-performing assets (NPAs) stood at 14.12% in the March quarter, compared with 14.71% in the previous quarter. Meanwhile, its net non-performing assets (NPAs) stood at 5.73% compared to 5.65% posted in the December quarter. The bank made provisions for NPAs to the tune of Rs 4,686 crore for the period under review compared to Rs 5,433 crore in the previous quarter. Recovery stood at Rs 5,967 crore in the reported quarter compared to Rs 2,558 made in the previous quarter. It made a write off of Rs 5,072 crore. 

InterGlobe Aviation: The domestic budget carrier InterGlobe Aviation (IndiGo) has posted a consolidated quarter-on-quarter loss of Rs 1,147 crore in the quarter ended March 31, 2021. It had posted a loss of Rs 620 crore in the previous quarter ended December 31, 2020. Consolidated revenue grew 26.7% to Rs 6,223 crore in the period under consideration compared to Rs 4,910 crore posted in the previous quarter. The EBITDAR dropped 34.3% to Rs 648 crore compared to Rs 987 crore posted last year. EBITDAR margin contracted to 10.4% in Q4FY21 compared to 20.1% posted in Q3FY21. Load factor dropped to 70.20% in the March quarter compared to 72% posted in the December quarter. Further, the company's fuel costs rose 67% QoQ. 

IOL Chemicals + Jubilant Pharma + Gufic Biosciences

IOL Chemicals: IOL Chemicals & Pharmaceuticals has reported a 16.6% YoY drop in the profit to Rs 75.25 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 90.26 crore in the corresponding quarter of the previous financial year. The company reported a 4.3% rise in the revenues at Rs 460.4 crore for the period under consideration compared to Rs 441.5 crore posted last year. EBITDA dropped 18.8% to Rs 111.2 crore compared to Rs 136.9 crore posted last year. The EBITDA margins declined to 24.2% in Q4FY21 compared to 31% posted in Q4FY20. The Board has recommended a dividend of Rs 2 per share. The company will invest around Rs 150 crore in setting up a new manufacturing unit. 

Jubilant Pharma: The pharma company has reported an 18.6% YoY decline in the consolidated profit at Rs 172.7 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 212.3 crore in the corresponding quarter of the previous financial year. The consolidated revenues grew 0.7% to Rs 1,580 crore in the reported quarter compared to Rs 1,568.5 crore posted last year. EBITDA down 14.4% YoY to Rs 374.6 crore compared to Rs 437.7 crore posted last year. The margins dropped to 23.7% in Q4FY21 compared to 27.9% posted in Q4FY20. The board has recommended a dividend of Rs 5 per share. 

Gufic Biosciences: The pharmaceutical company has reported a 158% YoY jump in the profit at Rs 12.9 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 5 crore in the corresponding quarter of the previous financial year. Revenues grew 51.4% to Rs 131.9 crore compared to Rs 87.1 crore posted last year. The EBITDA grew 91.5% to Rs 23,75 crore compared to Rs 12.4 crore posted last year. The margins improved to 18% in Q4FY21 compared to 14.2% posted in Q4FY20. Board recommends a dividend of Re 0.1 per share. 

MOIL + VA Tech Wabag + IFGL Refractories + Kalpataru Power

MOIL: The mini Ratna state-owned manganese ore mining company has reported 8.6 times YoY rise in the profit at Rs 1116 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 13.5 crore in the corresponding quarter last year. Revenue grew 81% to Rs 450.1 crore compared to Rs 248.7 crore posted last year. EBITDA grew 24.4 times to Rs 155.9 crore compared to Rs 6.4 crore posted last year. The EBITDA margin grew to 34.6% in Q4FY21 compared to 2.6% posted in Q4FY20. Board recommended a dividend of Rs 4.9 per share.  
VA Tech Wabag: The company with a focus on water treatment for municipal and industrial users has reported a 57% YoY rise in the consolidated profit at Rs 47 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 30 crore in the corresponding quarter last year. The revenue grew 27% to Rs 999 crore compared to Rs 785 crore posted last year. EBITDA grew 49% to Rs 76 crore compared to Rs 51 crore posted last year. Margin improved to 8% in Q4FY21 compared to 6% posted in Q4FY20. 

IFGL Refractories: The manufacturer of Specialised Refractories and requisite Operating Systems for the Iron and Steel Industry has reported a consolidated YoY loss of Rs 2.5 crore for the quarter ended March 31, 2021. It had posted a loss of Rs 14 crore in the corresponding quarter last year. Revenue grew to Rs 284 crore in the period under consideration compared to Rs 222 crore posted last year. EBITDA stood at Rs 44 crore compared to Rs 20 crore posted last year. The margins improved to 15.5% in Q4FY21 compared to 8.92% posted in Q4FY20. The Board of Directors had recommended payment of Dividend of (Rs 4 per Equity Share and one-time Special Dividend of Rs 6 per Equity Share. Besides, the board has approved the draft of a Scheme for the reduction of Share Capital of the Company. 

Kalpataru Power: The power transmission company has reported a 461% YoY rise in the consolidated profit at Rs 174 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 31 crore in the corresponding quarter of the previous financial year. The company has reported a 16% YoY rise in revenues to Rs 4,086 crore compared to Rs 3,527 crore posted last year. EBITDA grew 45% to Rs 445 crore in the period under consideration compared to Rs 307 crore posted last year. The margin improved to 11% in Q4FY21 compared to 9% posted in Q4FY20.

Sugar Stocks: Prime Minister Narendra Modi has launched the E-100 pilot project in Pune to mark World Environment Day on Saturday. While launching the project, PM Modi said, ethanol has become one of the major priorities of 21st century India. He added that the focus on ethanol is having a better impact on the environment as well as on the lives of farmers. Under the E-100 project, the focus will be on ethanol production and distribution across the country. The government will also have a focus on making ethanol from food grains, agricultural waste too. 

Bajaj Finance + Equitas SFB

Bajaj Finance: The company in its business updated said there is no change in the long-term guidance. Adding to it, the company said, the lockdown has the worst effect on B2B business and auto finance segment. As compared to the plan, the B2B business ad auto finance volume stood at 70% in April and 40% in May. The company delivered 60% of the planned disbursements. Due to the second wave of COVID, there will be an impact of around Rs 4,000 to Rs 5,000 crore on the AUM growth of FY22. EMI bounce rate in Q1FY22 stood at 1.08 times as compared to Q4. GNPA to increase in Q1 and Q2. It said, the credit cost of the company will increase from Rs 1,100 crore to Rs 1,300 crore due to the second wave of COVID. 
Equitas Small Finance Bank: May Month Update. Total Collection efficiency at 77.84% v/s 105.16% (MoM) Total Billing Efficiency at 66.97% v/s 84.68% (MoM).