Stocks in Focus on May 24: JSW Steel, Shree Cement, Concor, United Spirits to Praj Industries; here are the 5 Newsmakers of Day

At the stock markets, snapping two days of losses, the S&P BSE Sensex shot up 975.62 points, or 1.97 per cent, to close at 50,540.48 on Friday, May 21, 2021. The Nifty 50 spurted 269.25 points, or 1.81 per cent, to end at 15,175.30. But certain stocks came in the news after the market was closed. These stocks can impact the indices, when it reopens on Monday, May 24, 2021. List of such five stocks:

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JSW Steel + Shree Cement 

JSW Steel: Iron and steel mills company has reported 18 times YoY rise in the consolidated profits at Rs 4,198 crore for the quarter ended March 31, 2021. It had posted a positive of Rs 231 crore in the same quarter last year. Consolidated revenue grew 51% to Rs 26,934 crore in the reported quarter as compared to Rs 17,887 crore posted last year. EBITDA rose 14% to Rs 8,440 crore as compared to Rs 2,975 crore posted last year. The margin went up to 31.3% in Q4FY21 as against 16.6% posted in Q4FY20. EBITDA/ Ton stood at Rs 20,788. The company has reported the highest ever quarterly revenue from operations & EBITDA. 5mtpa expansion announced for Vijaynagar plant at a cost of Rs 15,000 crores. Vijaynagar expansion plant will be completed by FY24. Rs 3,450 crore of CAPEX to enhance mining efficiency in Orissa iron ore mines. US operations reported an EBITDA loss due to shut down for upgradation. The board has approved a final dividend of Rs 6.5 per share. 
Shree Cement: The cement manufacturer has reported a 30.6% YoY rise in the profits at Rs 768 crore for the quarter ended March 31, 2021 (Q4FY21). It had reported a profit of Rs 588 crore in the same quarter of last fiscal year (Q4FY20). Sales grew 22% to Rs 3,931 crore in the reported quarter as compared to Rs 3,218 crore posted last year. EBITDA grew 9% to Rs 1,177 crore as compared to Rs 1,079 crore. Margins contracted to 29.9% in Q4FY21 against 33.5% posted in Q4FY20. Board recommended a final dividend of Rs. 60/equity share.

CONCOR + United Spirits + Amara Raja + Dr LalPath Labs 

CONCOR: The multi-modal logistics company has reported a 94.5% YoY decline in profit at Rs 16.2 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 294.5 crore in the same quarter last year. Revenue increased 23.6% to Rs 1,939.3 crore as compared to Rs 1,568.6 crore. EBITDA fell 60% to Rs 189 crore as compared to Rs 475 crore posted last year. Margins contracted to 9.7% in Q4FY21 as against 30.2% posted in Q4FY20. The board has recommended a final dividend of Rs 2 per share. The company in the regulatory filing said, a sharp rise in expenses hurts EBITDA, margins. Exceptional item, lower other income hurts profit. EXIM revenue increased 22.5% to Rs 1,384 crore and domestic Revenue went up 27% to Rs 555.5 crore. Paid Land Licence Fee in FY21 stood at Rs 517.39 crore. 

United Spirits: The alcoholic beverages company has reported a 597% YoY rise in profits at Rs 167 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 24 crore in the same quarter last year. Revenue rose 12% to Rs 2,224 crore as compared to Rs 1,994 crore posted last year. EBITDA grew 52% to Rs 412 crore in the reported quarter as compared to Rs 271 crore posted last year. The margin went up to 18.2% in Q4FY21 as against 13.6% reported in Q4FY20. The company controlled by UK-based spirits and beer maker Diageo Plc said that total volume grew 19.7% and Ad spends were down by 15% YoY. 

Amara Raja: The company has reported a 38% YoY jump in profits at Rs 189 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 137 crore in the same quarter last year. Revenue grew 33% to Rs 2,103 crore in the reported quarter as compared to Rs 1,581 crore posted last year. EBITDA increased 30.5% to Rs Rs 317 crore as compared to Rs 243 crore posted last year. The EBITDA fell to 15.1% in Q4FY21 from15.4% reported in Q4FY20. The board has approved a final dividend of Rs 6 per share.

Dr Lal PathLabs: The service provider of diagnostic and related healthcare tests has reported a 156.6% rise in the consolidated profit at Rs 83.4 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 32.5 crore in the same quarter last year. Consolidated revenue grew 42.9% to Rs 431 crore in the reported quarter as compared to Rs 301.7 crore posted last year. EBITDA grew 112.9% to Rs 122 crore as compared to Rs 57.3 crore posted last year. The EBITDA margin improved to 28.3% in Q4FY21 as compared to 19% reported in Q4FY20. Board approved a final dividend of Rs 8 per share.

BirlaSoft + MCX + Gujarat Ambuja + Mangalam Cement 

Birlasoft: Information Technology services provider has reported a 2.7% QoQ rise in consolidated profit at Rs 99 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 96.4 crore in the previous quarter ended December 31, 2021. Consolidated revenue up 2.5% to Rs 902.9 crore reported in March quarter as compared to Rs 880.8 crore posted in December quarter. In dollar terms, the revenues grew 3.2% to $12.33 crore. EBITDA up 5.5% to Rs 152.4 crore as compared to Rs 144.4 crore posted last year. EBITDA Margins up to 16.9% in Q4FY21 as compared to 16.4% posted in Q3FY21. Board recommends a final dividend of Rs 2.5 per share. 

MCX: The state-owned commodity exchange has reported a 41% YoY decline in the consolidated profit at Rs 38 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 65.5 crore in the same quarter of the last financial year. Consolidated revenue fell 13% to Rs 97 crore in the reported quarter as compared to Rs 112 crore posted last year. EBITDA down 7% to Rs 44 crore as compared to Rs 47 crore posted last year. The margins improved to 45.5% in Q4FY21 as compared to 42.3% posted in Q4FY20. The board has approved a final dividend of 27.60 per share.  

Gujarat Ambuja Exports Limited: The company principally involved in the Agro-processing business has reported a 115% YoY rise in consolidated profit at Rs 118 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 55 crore in the same quarter last year. Consolidated revenue grew 87% to Rs 1,676 crore as against Rs 898 crore posted last year. EBITDA grew to Rs 119 crore as compared to Rs 80 crore posted last year. Margin improved to 11.25% as compared to 8.9% posted last year. The board has approved a dividend of Re 0.60 per share.   

Mangalam Cement: The cement manufacturing company has reported a 125% YoY rise in the profit at Rs 36 crore for the quarter ended March 31 2021. The company has posted a profit of Rs 16 crore in the same quarter last year. Revenue went up 38% to Rs 411 crore as compared to Rs 297 crore posted last year. EBITDA up 70% to Rs 78 crore as compared to Rs 46 crore posted last year. Margin improved to 19% in Q4FY21 as against 16% posted in Q4FY20. The board has approved a dividend of Rs 1.5 per share. 

Sensex + Other BSE Changes 

There will be certain changes in BSE and it will be effective from June 21, 2021. The changes that will happen as part of the rejig are as follows: 

Sensex:

Addition: Tata Steel 

Deletion: ONGC 

BSE 100 

Addition: AU Small Finance Bank Ltd, Adani Enterprises Ltd and Cholamandalam Investment & Finance Co. Ltd

Deletion: Bosch Ltd, LIC Housing Finance Ltd, and TVS Motor Co Ltd.

Sensex Next 50 

Addition: AU Small Finance Bank Ltd, Adani Enterprises Ltd and Cholamandalam Investment & Finance Co. Ltd

Deletion: Bosch Ltd, LIC Housing Finance Ltd, and TVS Motor Co Ltd.

BSE BANKEX 

Addition: AU Small Finance Bank

Deletion: RBL Bank 

Praj Industries + MSTC + Gufic Bio 

Praj Industries:  HDFC Mutual Fund reduces its stakes in the company from 6.51% to 4.32%. It sold 40.16 lakh shares (2.19% shares) of the company on May 19, 2021.
MSTC: LIC reduces its stakes in the company from 5.9% to 3.905%. It sold 14.1 lakh shares (2.005% shares) between December 15, 2020, and May 20, 2021. 
Gufic Bio: SBI Mutual Fund reduces its stakes in the company from 3.86% to 3.65%. SBI MF sold 1.63 lakh shares (0.21% shares) on May 20, 2021.