Let's catch up on the latest news from the stock market. From significant investments to major deals and earnings announced on May 24-25 to earnings announcements expected on Monday (May 27), here's a quick look at which stocks will be in focus in trade on Monday.
More than 300 companies will release their quarterly earnings on May 27 including Life Insurance Corporation of India, Astrazeneca Pharma, Borosil Renewables, Flair Writing Industries, Jubilant Industries, Natco Pharma, National Aluminium Company, NMDC, Peninsula Land, Sumitomo Chemical India, TVS Supply Chain Solutions, and West Coast Paper Mills.
Earnings Announced Post Market Hours on May 24
NTPC Q4 (Standalone YoY)
Profit falls 2% to Rs 5,556.4 crore Vs Rs 5,672.3 crore
Revenue rises 2.9% to Rs 42,532.2 crore Vs Rs 41,317.9 crore
NTPC Q4 (Consolidated YoY)
Profit surges 33% to Rs 6,490 crore Vs Rs 4,871.6 crore
Revenue increases 7.6% to Rs 47,622 crore Vs Rs 44,253.2 crore
Other income more than doubled to Rs 1,194.5 crore Vs Rs 491.8 crore
Board recommends the final dividend at Rs 3.25 per share
Bosch Q4 (Consolidated YoY)
Profit grows 41.5% to Rs 564.4 crore Vs Rs 398.9 crore
Revenue increases 4.2% to Rs 4,233.4 crore Vs Rs 4,063.4 crore
Board recommends a final dividend of Rs 170 per share
Karnataka Bank Q4 (Standalone YoY)
Profit tanks 22.5% to Rs 274.2 crore Vs Rs 353.8 crore
Net interest income declines 3% to Rs 834 crore Vs Rs 860 crore
Pre-Provision Operating Profit drops 27.1% to Rs 499.8 crore Vs Rs 685.8 crore
Provisions down 27% at Rs 184.7 crore Vs Rs 253.3 crore
Net NPA rises to 1.58% Vs 1.55% (QoQ)
Gross NPA drops to 3.53% Vs 3.64% (QoQ)
Torrent Pharma Q4 (Consolidated YoY)
Profit surges 56.4% to Rs 449 crore Vs Rs 287 crore
Revenue grows 10.2% to Rs 2,745 crore Vs Rs 2,491 crore
Cochin Shipyard Q4 (Consolidated YoY)
Profit spikes 558.1% to Rs 258.88 crore Vs Rs 39.3 crore
Revenue jumps 114.3% to Rs 1,286 crore Vs Rs 600 crore
Glenmark Pharma Q4 (Consolidated YoY)
Net loss widens to Rs 1,238.6 crore Vs loss of Rs 549.4 crore
Revenue grows 2.1% to Rs 3,063 crore Vs Rs 3,000.5 crore
United Spirits Q4 (Consolidated YoY)
Profit jumps 136.3% to Rs 241 crore Vs Rs 102 crore
Revenue (excluding excise duty) climbs 11.2% to Rs 2,783 crore Vs Rs 2,503 crore
EBITDA rises 42.1% to Rs 334 crore Vs Rs 235 crore
EBITDA margin expands 260 bps to 12% Vs 9.4%
Divi’s Laboratories Q4 (Consolidated YoY)
Profit surges 67.6% to Rs 538 crore Vs Rs 321 crore
Revenue increases 18% to Rs 2,303 crore Vs Rs 1,951 crore
EBITDA spikes 50.1% to Rs 731 crore Vs Rs 487 crore
EBITDA margin expands 670 bps to 31.7% Vs 25%
Aurobindo Pharma Q4 (Consolidated YoY)
Profit zooms 79.6% to Rs 909 crore Vs Rs 506 crore
Revenue rises 17.1% to Rs 7,580 crore Vs Rs 6,473 crore
EBITDA spikes 68.3% to Rs 1,687 crore Vs Rs 1,002 crore
EBITDA margin jumps 677 bps to 22.3% Vs 15.5%
Indiabulls Housing Finance Q4 (Consolidated YoY)
Profit grows 21.6% to Rs 319.4 crore Vs Rs 262.6 crore
Net interest income falls 19.9% to Rs 281 crore Vs Rs 350.8 crore
ZF Commercial Vehicle Control Systems India Q4 (Consolidated YoY)
Profit slips 1% to Rs 100.2 crore Vs Rs 101.2 crore
Revenue declines 1.9% to Rs 958.6 crore Vs Rs 976.9 crore
Paras Defence and Space Technologies Q4 (Consolidated YoY)
Profit falls 18.9% to Rs 9.6 crore Vs Rs 11.84 crore
Revenue jumps 22.4% to Rs 79.7 crore Vs Rs 65.1 crore
Zuari Agro Chemicals Q4 (Consolidated YoY)
Profit stands at Rs 77.4 crore Vs loss of Rs 426.7 crore
Revenue declines 33% to Rs 897.7 crore Vs Rs 1,338.9 crore
Doms Industries Q4 (Consolidated YoY)
Profit jumps 29.6% to Rs 46.9 crore Vs Rs 36.2 crore
Revenue rises 20% to Rs 403.7 crore Vs Rs 336.5 crore
EBITDA grows 22.6% to Rs 75.9 crore Vs Rs 61.9 crore
EBITDA margin expands 40 bps to 18.8% Vs 18.4%
Sun TV Network Q4 (Consolidated YoY)
Profit increases 9% to Rs 414.7 crore Vs Rs 380.2 crore
Revenue jumps 14.4% to Rs 961.3 crore Vs Rs 840.4 crore
Easy Trip Planners Q4 (Consolidated YoY)
Net loss at Rs 15.08 crore Vs profit of Rs 31.06 crore
Revenue surges 40.7% to Rs 164 crore Vs Rs 116.6 crore
Astra Microwave Products Q4 (Consolidated YoY)
Profit surges 302.3% to Rs 54.4 crore Vs Rs 13.5 crore
Revenue jumps 37% to Rs 354 crore Vs Rs 258.4 crore
EBITDA zooms 135.5% to Rs 80.7 crore Vs Rs 34.3 crore
EBITDA margin expands 950 bps to 22.8% Vs 13.3%
Affle India Q4 (Consolidated YoY)
Profit spikes 40.2% to Rs 87.5 crore Vs Rs 62.4 crore
Revenue increases 42.3% to Rs 506.2 crore Vs Rs 355.8 crore
JM Financial Q4 (Standalone YoY)
Profit surges 137% to Rs 27.5 crore Vs Rs 11.6 crore
Revenue jumps 127.6% to Rs 191 crore Vs Rs 83.9 crore
Tamil Nadu Newsprint & Papers Q4 (YoY)
Profit plunges 67.9% to Rs 33 crore Vs Rs 102.8 crore
Revenue drops 13.7% to Rs 1,231.1 crore Vs Rs 1,427.3 crore
Sun Pharma Advanced Research Company Q4 (Consolidated YoY)
Net loss widens to Rs 105.8 crore Vs loss of Rs 82 crore
Revenue falls 65.3% to Rs 16.6 crore Vs Rs 47.7 crore
Board approves fund raising of up to Rs 1,800 crore via issuance of securities
Chetan Rajpara resigns as Chief Financial Officer with effect from June 5
Board appoints Anup Rathi as Chief Financial Officer with effect from June 6
Antony Waste Handling Q4 (Consolidated YoY)
Profit jumps 143.5% to Rs 30.2 crore Vs Rs 12.4 crore
Revenue rises 4.2% to Rs 210.2 crore Vs Rs 201.8 crore
Tax write-back at Rs 17.2 crore Vs tax expenses at Rs 5.5 crore
Lumax Industries Q4 (Consolidated YoY)
Profit surges 73.8% to Rs 36 crore Vs Rs 20.7 crore
Revenue grows 22.1% to Rs 742.7 crore Vs Rs 608.1 crore
Board announces final dividend of Rs 35 per share
Narayana Hrudayalaya Q4 (Consolidated YoY)
Profit grows 10.1% to Rs 190.8 crore Vs Rs 173.2 crore
Revenue rises 4.7% to Rs 1,279.4 crore Vs Rs 1,221.6 crore
Shaily Engineering Plastics Q4 (Consolidated YoY)
Profit jumps 94.7% to Rs 19.3 crore Vs Rs 9.9 crore
Revenue grows 26.8% to Rs 170.6 crore Vs Rs 134.5 crore
Stocks To Watch
The High Court of Calcutta has dismissed the writ petition filed by the company, with a liberty to the company, to approach the Joint Plant Committee. It will seek further legal remedies in the matter. On April 2, 2024, it had filed writ petition in the court in the matter of rejection of a representation made by the company in respect of waiver of loans availed from the Steel Development Fund (SDF). The loan outstanding (principal and interest) as of the last annual audited financial statements is Rs 2,751.17 crore. The entire amount of Rs 2,751.17 crore has already been accounted for as borrowings in the last audited financial statements.
The company has emerged as the lowest bidder (L1) for a project worth Rs 187.34 crore from Maharashtra Metro Rail Corporation (Nagpur Metro). The project involves the construction of six elevated metro stations in Phase 2.
The company announced that the board has appointed Paresh Jain as Chief Financial Officer with effect from May 24. Furthermore, the board has redesignated Sanjay Shah from the post of Chief Strategy Officer & Chief Financial Officer to Chief Strategy Officer.
Mudeita Patrao has resigned as Head – Digital of the company with effect from June 21, 2024. Patrao resigned to pursue other personal interests.
The world's largest two-wheeler maker had filed rectification applications with respect to the reassessment orders of March 30, 2024, pertaining to six assessment years: 2013-14 to 2017-18 and 2019-20. The company has received the rectification orders for the said assessment years, resulting in the reduction of the original demand from Rs 604.87 crore to Rs 177.96 crore. It has filed appeals against the same.
The United States Food and Drug Administration (US FDA) conducted an inspection at Unit III, a formulation manufacturing facility of the company's subsidiary, Eugia Pharma Specialities, at Pashamylaram, Telangana, from January 22 to February 2 this year. Subsequently, the US FDA has determined the inspection classification status of this facility as Official Action Indicated (OAI).
Adani Ports and Special Economic Zone will enter the BSE Sensex, replacing Wipro, with effect from June 24. Additionally, REC, HDFC AMC, Canara Bank, Cummins India, and Punjab National Bank will be included in the S&P BSE 100 index, while Page Industries, SBI Card, ICICI Prudential Life Insurance, Jubilant FoodWorks, and Zee Entertainment Enterprises will be removed from the index. Trent will replace Divis Laboratories in the S&P BSE Sensex 50 index.
The online travel platform's co-founder and chief executive officer (CEO) Nishant Pitti announced the withdrawal of his personal bid from the GoAir acquisition process. Nishant stated that he would better focus on other strategic priorities and initiatives that align with the company's long-term vision and growth objectives.
F&O Ban
Biocon, GNFC, Vodafone Idea, Bandhan Bank, Hindustan Copper, India Cements, National Aluminium Company, Piramal Enterprises, Punjab National Bank.
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