Stocks in Focus on May 19: Axis Bank, Tata Motors, PI Industries, Gujarat Alkalies to Aviation Stocks; here are the 5 Newsmakers of the Day

At the stock markets, the S&P BSE Sensex jumped 613 points, or 1.2 per cent, to close above 50,000-mark, at 50,193, on Tuesday, May 18, 2021. The Nifty at the National Stock Exchange shot up 185 points, or 1.2 per cent, to end at 15,108. But certain stocks came in the news after the market was closed. These stocks can impact the indices, when it reopens on Wednesday, May 19, 2021. List of such five stocks:

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Axis Bank: State-owned Specified Undertaking of the Unit Trust of India (SUUTI) is likely to offload 3.6 crores (1.21% equity) shares in Axis Bank at a floor price of Rs 680 per share through the Offer For Sale (OFS) route on May 19 and May 20. The OFS will open for non-retail investors today and will open for retail investors tomorrow. It also has an oversubscription option of 2.2 crore shares (0.74% equity). As of March 31, 2021, SUUTI holds a 3.45% stake in Axis Bank.

Tata Motors: The Indian multinational automotive manufacturing company on Tuesday reported a YoY consolidated loss of Rs 7,605 crore for the quarter ended March 31, 2021, against a loss of Rs 9,894 crore reported last year. It reported a PBT (bei - before exceptional item) of Rs 5,703 crore for the reported quarter against a consolidated loss of Rs 6,512 crore posted last year. Consolidated revenue from operations grew 41.8% to Rs 88,628 crore in the quarter against Rs 62,493 crore reported last year. EBITDA stood at Rs 12,745 crore, up 437.1% from Rs 2,373 crore posted last year. The EBITDA margin improved to 14.4% in Q4FY21 as against 3.8% posted in Q4FY20. JLR is seeing strong performance in the UK and other markets for JLR 

Tata Motors (standalone) 

Q1FY22 will be impacted by lockdown, steel inflation and semi-conductor issue.

We are trying to manage commodity inflation and judicious price increases. 

PV EBITDA at 4.9% (FY21 at 2.2%), absolute EBITDA highest in the last 10 years.

PV retails Q4: 79.6K up 191.6%; FY21: 228.9K up 53.8%. PV Market Share: Improves to 8.2% (vs 4.8% in FY20).

CV retails Q4: 92.2K up 7.2% ; FY21: 208.4K down 42.2%; Market share steady at 42.4%.

EV: Continued momentum in the business. EV volume up by 218 %, Nexon EV crosses 4000 milestone since launch.

PI Industries + Aarti Industries + Torrent Pharma

PI Industries: The agri-sciences company has reported a 62% YoY rise in the consolidated profit at Rs 180 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 111 crore in the same quarter of the previous financial year. Sales grew 40% to Rs 1,197 crore in the reported quarter against Rs 855 crore posted last year. EBITDA grew 22% to Rs 227 crore as against Rs 186 crore posted last year. Margin contracted to 19% in Q4FY21 as against 21.8% posted in Q4FY20. Besides, the board has recommended a final dividend of Rs 2 per equity share.

Aarti Industries: The chemical manufacturing company has reported a 23.6% YoY rise in the consolidated profit at Rs 136 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 110 crore in the same quarter of the previous financial year. Sales grew 12.4% to Rs 1,209 crore in the reported quarter as against Rs 1,076 crore posted last year. EBITDA stood at Rs 261 crore, up 19.2% as against Rs 219 crore. The margin improved to 21.6% in Q4FY21 as against 20.4% reported in Q4FY20. The board has Recommended a Bonus share.  

Torrent Pharma: The pharmaceutical company has reported a 3% YoY rise in the profit at Rs 324 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 314 crore in the same quarter of the last fiscal year. Sales declined 0.5% to Rs 1,937 crore in the reported quarter against Rs 1,946 crore posted last year. EBITDA stood at Rs 582 crore, up 6.2%, from Rs 548 crore posted last year. Margin improved to 30% in Q4FY21 against 28.2% posted in Q4FY20. Adjusted PAT grew by 24% and last year PAT included Rs 53 crore of one-time tax benefit. 

India: up 10% (Growth in chronic, acute therapies, market share gains) 

US: down 30% (sales impacted due to price erosion and sartan portfolio discontinuation) 

Brazil: down 4% 

Germany: up 23% (sales impacted due to lockdown extension) 

Astral + Minda + JSL Hisar + Gujarat Alkalies 

Astral Ltd.: (NAKK Stock) The company has reported a 241% YoY rise in the consolidated profit at Rs 176 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 51.6 crore in the corresponding quarter of the previous financial year. Consolidated revenue grew 79% to Rs 1,128 crore as against Rs 629 crore posted last year. EBITDA grew 130% to Rs 253 crore in the reported quarter as against Rs 110 crore posted last year. Margin improved to 22.4% in Q4FY21 as against 17.5% posted in Q3FY21. The board has recommended a final dividend of Re 1 per share. 

Minda Corp: It has reported a 223.5% rise in the consolidated profit at Rs 55 crore for the quarter ended March 31, 2021. It posted a profit of Rs 17 crore in the corresponding quarter last year. Sales on the consolidated basis increased 48% to Rs 794 crore in the reported quarter as against Rs 536 crore posted last year. EBITDA stood at Rs 89 crore, up 134.2% from Rs 38 crore posted last year. Margin improved to 11.2% in Q4FY21 as against 7.1% posted in Q4FY20. The board has recommended a final dividend of 0.35 paise per equity share.  

Jindal Stainless (Hisar): The stainless steel producer has reported a 225% YoY rise in the consolidated profit at Rs 351 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 108 crore in the corresponding quarter of the previous fiscal year. Sales on the consolidated basis grew 38.2% to Rs 3,103 crore in the reported quarter as against Rs 2,246 crore posted last year. EBITDA stood at Rs 406 crore, up 123%, from Rs 182 crore posted last year. Margin improved to 13.1% in Q4FY21 as against 8.1% posted last year. 

Gujarat Alkalies: The chemical manufacturing company has reported a 218.2% YoY rise in the consolidated profit at Rs 35 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 11 crore in the corresponding quarter of the previous financial year. Sales on the consolidated basis grew 7.9% to Rs 671 crore as against Rs 622 crore posted last year. EBITDA stood at Rs 96 crore, up 18.5% from Rs 81 crore. The margins improved to 14.3% in Q4FY21 as against 13% posted in Q4FY20. The board has recommended a dividend of Rs 8 per equity share. 

Indigo/Spicejet: Around 57.3 lakh domestic passengers travelled by air in April, Indian aviation regulator DGCA said on Tuesday. IndiGo’s passenger load factor declined to 58.7% in April from 66.4% SpiceJet’s passenger load factor dropped to 70.8% in April against 76.5% posted in March 2021. Air India’s passenger load factor reduced to 52% in the reported month from 70.6%.