Stocks in Focus on May 3: Reliance Industries, IndusInd Bank, Yes Bank, Power Grid InvIT IPO to MOIL; here are the 5 Newsmakers of the Day

The bears struck the domestic equity market hard on Friday, April 30, 2021, amid weakness in Asian markets and an uncontrolled rise in the COVID-19 cases. The S&P BSE Sensex slumped 983.58 points or 1.98 per cent to 48,782.36. The Nifty 50 index slipped 263.80 points or 1.77 per cent to 14,631.10. But certain stocks came in the news after the market was closed. These stocks can impact the indices, when it reopens on Monday, May 3, 2021. List of such five stocks:

See Zee Business Live TV Streaming Below:

Reliance Industries + IndusInd Bank + Trent review 

Reliance: Mukesh Ambani-led Reliance Industries Ltd (RIL) has reported a 0.7% QoQ rise in profits at Rs 14,995 crore for the quarter ended March 31, 2021. It had reported a net profit of Rs 14,894 crore in the previous quarter ended December 2020. Revenue from operations grew 26.9% to Rs 1,49,575 crore in the reported quarter against Rs 1,17,860 crore posted in the previous quarter. EBITDA stood at Rs 23,351 crore, up 8.3% from Rs 21,566 crore posted in the December quarter. The EBITDA margins contracted to 15.6% in Q4FY21 against 18.3% posted in Q3FY21. 

Segmental Performance

Jio, QoQ  

ARPU 138.2 v/s 151 ( Estimate 140 )  

Revenues Down 6.1% to Rs 18278 cr v/s Rs 19475 cr  

EBITDA up 1.1% to Rs 8573 cr v/s Rs 8483 cr  

EBITDA Margins Up to 46.9% v/s 43.6%  

Profit Up 3508 cr v/s Rs 3489 cr  

Decline in ARPU due to transition from Interconnect Usage Charges (IUC) to Bill & Keep regime effective 1st January 2021, and lower number of days during the quarter  

Retail, YoY  

Revenues up 20% to Rs 41296 cr v/s Rs 34402 cr  

EBITDA Up 41.5% to Rs 3617 cr v/s Rs 2557 cr  

EBITDA Margins up to 8.8% v/s 7.4%  

O2C, QoQ  

Revenues Up 20.6% to Rs 101080 cr v/s Rs 83838 cr  

EBITDA Up 16.9% to Rs 11407 cr v/s Rs 9756 cr  

EBITDA Margins Down to 11.3% v/s 11.6%  

Oil & Gas, QoQ  

Revenues Up 96.7% to Rs 848 cr v/s Rs 431 cr  

EBITDA Up to Rs 480 cr v/s Rs 4 cr  

EBITDA Margins up to 56.6% v/s 0.9%  

Digital Service, QoQ  

Revenues down 4.4% to Rs 22626 cr v /s Rs 23678 cr  

EBIT flat at Rs 8945 v/s Rs 8942 cr  

EBIT Margins Up to 39.5% v/s 37.8%  

Financial Services, QoQ  

Revenues down 27.8% to Rs 463 v/s Rs 641 cr  

EBIT down 52.5% to Rs 144 v/s Rs 303 cr  

EBIT margins down to 31.1% v/s 47.3%  

Others, QoQ  

Revenues Up 85.8% to Rs 20375 cr v/s Rs 10967 cr  

EBIT Down 22.1% to Rs 1164 v/s Rs 1494 cr  

EBIT Margins Down to 5.7% v/s 13.6% 

IndusInd Bank: The private lender has reported a 2.9 times to rise YoY in profit at Rs 926 crore for the quarter ended March 31, 2021, as against Rs 315 crore posted in the same quarter last year. The lender’s net interest income (NII) rose 9.3% YoY to Rs 3,535 crore as compared to Rs 3,232 crore posted last year. IndusInd Bank said that it has made provisions of Rs 1,866 crore in Q4FY21, which is 24% down to the provision of Rs 2,440 crore made in Q4FY20. Net Interest Margin stood at 4.13% in Q4FY21 against 4.25% posted in Q4FY20. The bank reported a gross non-performing assets ratio of 2.67% as against 2.93% in the previous quarter. The Net NPA ratio was 0.69% in Q4FY21 against 0.7% posted in Q3FY21. The board has recommended a dividend of Rs 5 per share. The bank’s management said, recent lockdowns could affect the self-employed category the most where the bank has higher dependence. It is cautious on unsecured loans but would focus on growing the secured retail portfolio. Recent confidence capital infusion by promoters adds to the comfort. 

Trent: The retail company has reported 5.4 times YoY rise in consolidated profit at Rs 17.4 crore for the quarter ended March 31, 2021, compared to Rs 3.2 crore posted in the same quarter of the previous financial year. Consolidated revenue grew 7.4% YoY to Rs 905.5 crore as compared to Rs 842.9 crore posted last year. EBITDA stood at Rs 123.6 crore, up 57.9% from Rs 78.3 crore posted last year. The margins grew to 13.6% in Q4FY21 against 9.3% posted in Q4FY20. Besides, the company has reported an exceptional loss of Rs 6.34 crore and the board has recommended a dividend of Rs 0.60 per Equity Share.

Yes Bank + Supreme Petro + Ajanta Pharma Review 

Yes Bank: The private lender had reported a 7.6% YoY rise in profit at Rs 5,240 crore for the quarter ended March 31, 2021, as against Rs 4,872 crore posted last year in the same quarter. Net interest income fell 22.5% YoY to Rs 986.67 crore from Rs 1,273.7 crore posted last year. The Gross NPA ratio stood at 15.41% in Q4FY21 from 15.26% posted in Q3FY21. The net NPA was 5.88% in Q4FY21 from 4.04% in Q3FY21. The bank’s provision increased 7.6% to Rs 5,240 crore against Rs 4,872 crore. 
Supreme Petrochem Standalone: Reported 9.8 times YoY rise in profit at Rs 231.7 crore for the quarter ended March 31, 2021, as compared to Rs 23.5 crore posted in the same quarter last year. 

Revenue grew 91.4% YoY to Rs 1,269 crore from Rs 663 crore posted last year. EBITDA grew 8 times to Rs 316.2 crore in the reported quarter against Rs 39.3 crore posted last year. The margins improved to 24.9% in Q4FY21 from 5.9% posted in Q4FY20. 
Ajanta Pharma: Reported 23.3% YoY rise in consolidated profit at Rs 159.26 crore for the quarter ended March 2021 as against Rs 129.16 crore posted in the same quarter last year. Revenue grew 20.5% to Rs 756.84 crore in the reported quarter against Rs 628 crore posted last year. EBITDA grew 166.1% to Rs 259.11 crore as against Rs 97.38 crore posted last year. Margins improved to 34.2% in Q4FY21 against 15.5% posted in Q4FY20. 

PowerGrid InvIT IPO: The Rs 7,735 crore POwerGrid InvIT IPO was subscribed 0.61 times on the second day of subscription. The QIB portion was subscribed 0.38 times, while the NII portion was subscribed 0.83 times. Today is the last day for the subscription of the public issue. PowerGrid InvIT is looking to raise Rs 7,735 crore through the issue of which Rs 4994 crore will be the fresh issue and Rs 2,741 crore will be an offer for sale (OFS) of existing units. Units of PowerGrid InvIT will be sold in a price band of Rs 99-100 per unit, in a bid lot of 1,100 units per lot. 

Ashok Leyland + Amara Raja

Amara Raja: Andhra Pradesh Pollution Control Board (AP PCB) has ordered the immediate closure of plants belonging to Amara Raja Batteries Limited (ARBL) at Karkambadi and Nunegundlapalli villages in Chittoor district. The board attributed closure orders to severe pollution caused by ARBL plants in the surrounding villages. 
Ashok Leyland: The company said, the operations of our plants have been scaled down and are expected to work for 7 - 15 days in May. We will continue to respond to the Covid situation in the country as it unfolds.

MOIL + Welspun Corp/JSW Steel

MOIL: Revised Manganese Ore and other products prices from May 1, 2021. 'The prices of all grades of Ferro, SMGR grades (Mn30% & Mn25%), Fines and Chemical grades have been reduced by about 5% w.e.f 01.05.2021 on the prices prevailing since 01.04.2021.'
Weslpun Corp + JSW Steel: JSW Steel has acquired the high-grade steel plates and coils business of Welspun Corp on a slump sale basis. Towards this acquisition, the company has paid Rs 225 crore to Welspun Corp as of April 30, 2021. The balance consideration, which is subject to closing adjustments towards net working capital, shall be paid on a deferred basis, subject to Welspun fulfilling certain regulatory approvals and payment milestones as provided under the Business Transfer Agreement dated 31 March 2019, as amended from time to time.