Stocks in Focus on May 25: Grasim Industries, JK Paper, Barbeque Nation, Amara Raja Batteries to Jewellery stocks; here are the 5 Newsmakers of the Day

At the stock markets, the S&P BSE Sensex gained 111.42 points, or 0.22 per cent, to close at 50,651.90, on Monday, May 24, 2021. The Nifty 50 at the National Stock Exchange moved up 22.40 points, or 0.15 per cent, to end at 15,197.70. But certain stocks came in the news after the market was closed. These stocks can impact the indices, when it reopens on Tuesday, May 25, 2021. List of such five stocks:

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Grasim Industries + Mahanagar Gas Limited 

Grasim Industries: The textile manufacturer has reported a 35.6% YoY rise in profit at Rs 480 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 354 crore in the corresponding quarter of the last financial year. On a standalone basis, the sales grew 18.4% to Rs 4,394 crore in the period under observation as compared to Rs 3,712 crore posted last year. The EBITDA grew 149% to Rs 810.6 crore as against Rs 325 crore posted last year. The Margin improved to 18.4% in Q4FY21 as compared to 8.8% posted in Q4FY20. The board has recommended a dividend of Rs 5/equity share and a special dividend of Rs 4/equity share taking the total dividend to Rs 9/equity share. 

-Viscose Business 

VSF business delivered a record EBITDA of Rs 548 crore in Q4FY21  

-Chemical Business 

Chemicals Business records substantially improved performance YoY led by higher contribution from Epoxy Business. 

-Paint Business 

The Paint business is making brisk progress in line with the plans. It is engaged in shortlisting /acquiring land for plant locations and is progressing with the engineering planning for the project.

-CAPEX Plan 

The total CAPEX spend for FY21 stood at Rs 1,508 crore. The CAPEX plan for FY22 (excluding paints and fertiliser) is Rs 2,604 crore. 

Mahanagar Gas: Natural Gas Distribution Company has reported a 2% QoQ decline in the profits at Rs 213 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 217 crore in the previous quarter ended December 31, 2021. Revenue from operations grew 8% to Rs 718 crore as compared to Rs 666 crore posted in the December quarter. EBITDA remained almost flat at Rs 316 crore as compared to Rs 317 crore posted in the previous quarter. The margin contracted to 44% in Q4FY21 as compared to 47.5% reported in Q3FY21. The board has recommended a final dividend of Rs 14 per share. Total sales volumes went up 4.4% to 2.892 mmscmd v/s 2.77 mmscmd.

JK Paper + Balaji Amines + IG Petro + Ramco Industries 

JK Paper: The paper manufacturing company has reported a 46.50% YoY rise in the consolidated profit at Rs 135.8 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 92.7 crore in the corresponding quarter of the previous financial year. Consolidated revenue from operations grew 22.1% to Rs 898.2 crore as compared to Rs 735.9 crore posted last year. EBITDA grew 29.4% to Rs 228.4 crore as compared to Rs 176.5 crore. Margin improved to 25.4% in Q4FY21 as compared to 24% posted in Q4FY20.

Balaji Amines: Chemical manufacturing company Balaji Amines has reported a 200.5% YoY rise in the consolidated profit at Rs 88.8 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 29.6 crore in the corresponding quarter of the previous financial year. Consolidated revenue from operations grew 60.9% YoY to Rs 417.6 crore as compared to Rs 259.6 crore. EBITDA went up 131.7% to Rs 132.5 crore in the reported quarter as against Rs 57.2 crore posted last year. Margin improved to 31.7% in Q4FY21 as compared to 22% reported in Q4FY20. The board has recommended a final dividend of Rs 4 per equity share.

I G Petrochemicals: Chemical manufacturing company I G Petrochemicals has reported 25 times YoY rise in the consolidated profit at Rs 100 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 4 crore in the corresponding quarter of the previous financial year. Consolidated revenue went up 58% to Rs 424 crore as compared to Rs 268 crore posted last year. EBITDA grew nine times YoY to Rs 144 crore as compared to Rs 16 crore posted last year. The margin improved to 34% in Q4FY21 as compared to 6% reported in Q4FY20. The board has recommended a dividend of Rs 7.5 per equity share.

Ramco Industries: The building material supplying company has reported a 101.8% YoY rise in the consolidated profit at Rs 66.4 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 32.9 crore in the corresponding quarter of the previous financial year. Consolidated revenue grew 46.7% to Rs 339.5 crore as compared to Rs 231.6 crore posted last year. EBITDA grew 130.4% YoY to Rs 39.6 crore in the reported quarter as against Rs 17.2 crore posted last year. Margin improved to 11.7% in Q4FY21 as against 7.4% posted in Q4FY20. The board has approved payment of an interim dividend of Re 1 per share.

Barbeque Nation + ADF Foods + Dalmia Bharat Sugar + Bannari Aman Sugar

Barbeque Nation: The Company functional in the Casual Dining Restaurant (CDR) segment has reported a consolidated profit of Rs 6.4 crore for the quarter ended March 31, 2021. It had reported a loss of Rs 27.8 crore in the corresponding quarter of the previous financial year. Consolidated revenue grew 18.6% YoY to Rs 226.3 crore in the reported quarter as compared to Rs 190.9 crore posted last year. EBITDA grew 82.5% to Rs 45.5 crore as compared to Rs 24.9 crore posted last year. Margin improved to 20.1% in Q4FY21 as against 13.1% posted in Q4FY20.

ADF Foods: The company has reported a 12.3% YoY rise in the consolidated profit at Rs 14.9 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 13.3 crore in the corresponding quarter of the previous financial year. Consolidated revenue grew 24.8% to Rs 102.6 crore as compared to Rs 82.2 crore posted last year. EBITDA grew 26.9% to Rs 20.2 crore compared to Rs 15.9 crore. The margin remained almost flat at 19.7% in Q4FY21 as against 19.4% posted in Q4FY20. The board has recommended a final dividend of Rs 3 per share and fixed September 17, 2021, as the record date. 

Dalmia Bharat Sugar: The sugar manufacturer has reported a 16.3% YoY decline in the consolidated profit at Rs 51.9 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 62 crore in the corresponding quarter of the last financial year. Consolidated revenue declined 11.3% to Rs 488.8 crore as compared to Rs 550.9 crore. EBITDA grew 31.6% to Rs 127.2 crore as compared to Rs 96.7 crore posted last year. The margin improved to 26% in Q4FY21 as compared to 17.6% posted in Q4FY20. The board has recommended a final dividend of Rs 3 per share. Sales Volume

- Sugar: declines 25% 

- Distillery: Grew 10% 

- Cogen: declines 1% 

Bannari Amman Sugars: The company has reported a 30.3% YoY decline in the consolidated profit at Rs 21.9 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 31.3 crore in the corresponding quarter of the previous financial year. Consolidated revenue fell 22.3% to Rs 371.9 crore as compared to Rs 478.42 crore posted last year. EBITDA fell 32.4% to Rs 45.4 crore as compared to Rs 67.1 crore posted last year. Margin fell to 12.2% in Q4FY21 as against 14% posted last year. The board has recommended the payment of a dividend of Rs 10 per equity share.

Amara Raja Batteries (CMP: 783): Clarios (Brookfield) has plans to sell a 10% stake (1.71 crore shares) of the company through a block deal. The floor price has been fixed at Rs 746 per share (a discount of 4.82% on CMP). The deal amount is Rs 1,274 crore. Brookfield currently holds 24% stakes in Amara Raja Batteries. 

Titan, Goldiam International, Kalyan Jewellers: Union Government on Monday further extended the deadline for mandatory hallmarking of gold jewellery and artefacts by a fortnight till June 15 in view of the Covid-19 pandemic. Earlier, mandatory hallmarking of gold jewellery was supposed to begin on June 1, 2021. Timeline extended due to ongoing COVID-19 pandemic.