Stocks in Focus on May 7: SBI Life, Hero MotoCorp, Tata Consumers, Adani Power to Praj Industries; here are the 5 Newsmakers of the Day

At the stock markets, the S&P BSE Sensex climbed 272.21 points, or 0.56 per cent, to close at 48,949.76, on Thursday, May 6, 2021. The Nifty at the National Stock Exchange advanced 106.95 points, or 0.73 per cent, to 14,724.80. But certain stocks came in the news after the market was closed. These stocks can impact the indices, when it reopens on Friday, May 7, 2021. List of such five stocks:

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SBI Life: US private equity fund CA Emerald Investments is looking to sell a 3.5 per cent stake in SBI Life Insurance Company worth Rs 3,307 crore through a block deal. The sale price has been fixed at 945 apiece, which is at a 2.5 per cent discount on Thursday’s closing price of 969.30. As of March 31, 2021, CA Emerald Investments held a 6 per cent stake in the company. CA Emerald Investments is an affiliate of Carlyle Asia Partners. 

Hero MotoCorp + Tata Consumer 

Hero MotoCorp: The two-wheeler maker has reported a 39.3% YoY rise in profit after tax at Rs 865 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 621 crore in the same quarter of the last financial year. Revenue from operation rose 39.2% YoY to Rs 8,686 crore as against Rs 6,238 crore posted last year. EBITDA stood at Rs 1,211.5 crore, up 83.6%, from Rs 660 crore posted last year. The margin improved to 13.9% in Q4FY21 against 10.6% posted in Q4FY20. The company’s board also recommended a final dividend of Rs 25 per share for the financial year ended March and a special dividend of Rs 10 per share. Dr. Pawan Munjal has been re-appointed as the Chairman and CEO for a term of five (5) years with effect from October 1, 2021, subject to the approval of shareholders at the ensuing Annual General Meeting of the Company to be held on August 4, 2021. 
Tata Consumer Products: The integrated Food & Beverage company has reported a consolidated profit of Rs 74.3 crore for the quarter ended March 31, 2021, as against a loss of Rs 122.5 crore posted in the same quarter of the previous financial year. Revenue from operations grew 26.3% to Rs 3,027.2 crore as against Rs 2,405 crore posted last year. EBITDA stood at Rs 300 crore, down 2.7%, from Rs 308.4 crore and margins dropped to 9.9% in Q4FY21 from 12.8% reported in Q4FY20. The company has reported an exceptional loss of Rs 64 crore against an exceptional loss of Rs 264.4 crore reported last year. The cost of raw material rose by 51.5% to Rs 1323 crore against Rs 873 crore. Tata Starbucks grew by 14% and Starbucks opened 39 new stores this year.  

Segmental Performance  

India Beverages  

Revenues up 59.6% to Rs 1205 crore v/s Rs 755 crore 

EBIT down 39.9% to Rs 52.4 crore v/s Rs 87.2 crore  

EBIT Margins down to 4.3% v/s 11.5%  

Volume Growth 23% v/s 5%  

India Foods  

Revenues Up 22.4% to Rs 641.7 crore v/s Rs 524.4 crore  

EBIT Up 66% to Rs 86.8 crore v/s Rs 52.3 crore

EBIT Margins Up to 13.5% v/s 10%  

Volume growth 18% v/s -1%  

Salt Portfolio Revenue up 17%  

Tata Sampan growth 26%  

International Beverages  

Revenues flat at Rs 875.2 crore v/s Rs 874.4 crore  

EBIT down 14.35 to Rs 110.1 crore v/s Rs 128.5 crore

EBIT Margins down to 12.6% v/s 14.7%  

Adani Power + Adani Transmission + Praj Industries + Blue Star + Century Textiles 

Adani Power: The private thermal power producer has reported a consolidated profit of Rs 13 crore for the quarter ended March 7, 2021, against a loss of Rs 1313 crore posted in the same period of the last financial year. Consolidated revenue grew 3.3% to Rs 6,374 crore against Rs 6,172 crore posted last year. EBITDA stood at Rs 1,614 crore, up 691.2%, from Rs 204 crore posted last year. The margin improved to 25.3% in Q4FY21 against 3.3% reported in Q4FY20. Other income rose 240.6% to Rs 528 crore as against Rs 155 crore posted last year. Other expenses stood at Rs 400 crore, down 50.4%, from Rs 807 crore. Fuel Cost declined 16.76% to Rs 3,738 crore against Rs 4,488 crore. 

Adani Transmission: India’s largest electricity transmission company has reported a 153.2% YoY rise in consolidated profit at Rs 238 crore for the quarter ended March 31, 2021. It had posted a profit of Rs 94 crore in the same quarter of the previous financial year. Consolidated revenue from operations declined 14.4% YoY to Rs 2,727 crore against Rs 3,187 crore reported last year. EBITDA stood at Rs 828 crore, down 25.1%, from Rs 1,106 crore. The margin declined to 30.4% in Q4FY21 as against 34.7% reported in Q4FY20. 
 

Praj Industries: The process and project engineering company has reported a 108% YoY rise in the consolidated profit at Rs 52 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 25 crore in the same quarter of the previous financial year. Consolidated revenue grew 91.6% to Rs 567 crore as against Rs 296 crore posted last year. EBITDA stood at Rs 75 crore, up 138.1%, from Rs 31.5 crore posted last year. The margin improved to 13.2% in Q4FY21 as against 10.6% reported in Q4FY20.  

Blue Star: The manufacturer of air conditioning and commercial refrigeration products has reported a 665.6% YoY rise in the consolidated profit at Rs 68 crore for the quarter ended March 31, 2021. It had reported a profit of Rs 9 crore in the same quarter of the previous financial year. Consolidated revenue grew 23.9% to Rs 1,611 crore from Rs 1,300 crore posted last year. EBITDA stood at Rs 101 crore, up 165.8%, from Rs 38 crore posted last year. The margin improved to 6.3% in Q4FY21 from 2.9% reported in Q4FY20. Besides, the board has approved a final dividend of Rs 4 per share for FY21. 

Century Textiles: The Textile industry company has reported a consolidated loss of Rs 8.5 crore for the quarter ended March 31, 2021, against a profit of Rs 82 crore reported in the same quarter of the last financial year. Consolidated revenue from operations grew 6.7% to Rs 839 crore against Rs 786 crore posted last year. EBITDA stood at Rs 75 crore, up 1.4%, from Rs 74 crore. The board has approved a final dividend of Rs 1 per share for FY21. 

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