Stocks in Focus on October 19: L&T Infotech, Info Edge, Restaurant Stocks, Aviation Stocks and SAIL

Domestic equity benchmarks rose for the seventh consecutive session and settled at record closing levels on Monday, October 18, 2021. The S&P BSE Sensex jumped 459.64 points, or 0.75%, to end at 61,765.59. Nifty 50 index rose 138.50 points, or 0.76%, to 18,477.05. But certain stocks came in the news after the market was closed. These stocks can impact the indices when it reopens on Tuesday, October 19, 2021. List of such five stocks:

L&T Infotech + Route Mobile + Tata Coffee + Craftsman Automation + Hatsun Agro

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L&T Infotech: The IT services provider L&T Infotech Limited on Monday reported an 11.3% QoQ rise in the consolidated profit at Rs 552 crore for the quarter ended September 30, 2021 (Q2FY22). It had posted a profit of Rs 496 crore in the previous quarter ended June 30, 2021 (Q1FY22). Revenue from operations grew 8.8% QoQ to Rs 3,767 crore in the period under consideration as compared to Rs 3,562 crore posted in the previous quarter. This is the strongest sequential revenue growth and best-ever Q2 of 8.9% in constant currency terms. Manufacturing has shown good QoQ growth of 12.4%. Dollar revenues for the quarter were at $50.9 crore, a growth of 8.3% QOQ. EBIT grew 14.1% QoQ to Rs 648 crore as compared to Rs 568 crore posted in the previous quarter. Margin improved to 17.2% in Q2FY22 as compared to 16.4% posted in Q1FY22. Constant currency revenue gave 8.9% QoQ growth. Besides, the company has declared an interim dividend of Rs 15/share of the face value of Re 1 each fully paid-up. October 26, 2021, is the record date fixed for the same. The attrition rate stands at 19.6% as against 15.2% posted in the previous quarter. 

Route Mobile: Enterprise communication services firm Route Mobile on Monday reported a 28% YoY rise in its consolidated net profit to Rs 42 crore for the quarter ended on September 30, 2021. It had posted a profit of Rs 32.7 crore in the year-ago quarter. Adjusted profit grew 10.4% to Rs 45.4 crore as compared to Rs 36.3 crore posted last year. Revenue from operations rose 25% YoY to Rs 436 crore in the period under consideration as compared to Rs 349 crore posted last year. EBITDA grew 34% YoY to Rs 56 crore as compared to Rs 41.8 crore posted last year. The margin stood at 12.8% in Q2FY22 as compared to 12% posted in Q2FY21. 
Tata Coffee: Roasted coffee company Tata Coffee on Monday reported a 26% YoY rise in the consolidated profit at Rs 53.6 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 42.4 crore in the year-ago quarter. Revenue from operations grew 1% YoY to Rs 546 crore as compared to Rs 543 crore posted last year. EBITDA grew 15% YoY to Rs 102 crore in the reported quarter as compared to Rs 88.7 crore posted last year. Margin improved to 18.7% in Q2FY22 as compared to 16.3% posted in Q2FY21. 

Craftsman Automation: The auto ancillary company has reported a 117.39% YoY rise in the consolidated profit at Rs 50 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 23 crore in the year-ago quarter. Revenue from operations on the consolidated basis grew 53.91% YoY to Rs 571 crore as against Rs 371 crore posted last year. EBITDA stood at Rs 143 crore, up 41.58%, from Rs 101 crore posted last year. Margin contracted to 25% in Q2FY22 as against 27.2% posted in Q2FY21. 

Hatsun Agro: The dairy company Hatsun Agro Products has reported a 24.24% YoY rise in the consolidated profit at Rs 82 crore for the quarter ended September 30, 2021. It had posted a profit of Rs 66 crore in the year-ago quarter. Revenue from operations on a consolidated basis grew 23.21% to Rs 1,635 crore in the period under consideration as compared to Rs 1,327 crore posted last year. EBITDA stood at Rs 209 crore, up 8.29%, from Rs 193 crore posted last year. Margin contracted to 12.8% in Q2FY22 as compared to 14.5% posted in Q2FY21. Besides, Hatsun Agro Product has signed a power purchase agreement with Swelect Renewable Energy Private Ltd under a captive user model. This Solar project which is expected to be commissioned by February 2022 is estimated to provide HAP around 1.45 crore units of electricity, annually, resulting in cost savings of Rs 3 crores. In addition, Hatsun Agro Product has forayed into Madhya Pradesh and West Bengal. It has inaugurated "HAP Daily" outlets in Indore, Madhya Pradesh and Kharagpur, West Bengal.

Speciality Restaurants/Westlife Develop/Barbeque nation/Devyani International/Burger King/Imagica: The Maharashtra government on Monday decided to extend restaurants timings from 10 pm to 12 am. It also decided to allow amusement parks to resume operations from October 22. However, water rides in these parks will remain suspended.

Info Edge: The Securities and Exchange Board of India (SEBI) has approved the initial public offering (IPO) plans of Policy Bazaar (Zee Business Exclusive). It also approved the company's draft red herring prospectus (DRHP) that it filed with SEBI on August 2, 2021. Policy Bazaar will bring OFS and IPO of about Rs 6,000 crore. 

Aviation Stocks in Focus: Domestic air passenger traffic increased 5.4% MoM and 79% YoY in September 2021 with the easing of lockdown curbs following the decline in COVID-19 cases. According to data from the Directorate General of Civil Aviation (DGCA) 70.66 lakh passengers travelled through airlines in the reported month. IndiGo September Passenger Load Factor or Capacity Utilisation stood at 73.6% as compared to 74% in August 2021. Spicejet September Passenger Load Factor stood at 78.8% as compared to 79.6% reported in August 2021. GoFirst September Passenger Load Factor stood at 74.1% as compared to 67.6% reported in August 2021. Market Share (September) 

- IndiGo 56.2% 

- Air India 12.1% 

- Vistara 8.7% 

- SpiceJet 8.5% 

- GoAir 8.2% 

- AirAsia 8% 

- The highest number of flyers on Sunday, October 16, 2021, since COVID restrictions. 3.27 lakh travellers flew on Sunday 

SAIL: Life Insurance Corporation of India (LIC) has offloaded around a 2% stake in Steel Authority of India (SAIL) between June and October 2021. Post this transaction, LIC's stake in the company has decreased to 6.68% from 8.69%.