Here’s a quick look at stocks likely to be in focus in Monday's trade, covering quarterly earnings, order wins, and fundraising announced by companies after market hours on Friday and over the weekend:
IDBI Bank, Suzlon Energy, Allied Blenders and Distillers, Coforge, Cyient DLM, Dodla Dairy, Fortis Malar Hospitals, Indian Overseas Bank, Jana Small Finance Bank, Mahindra Logistics, Mangalore Refinery & Petrochemicals, Solara Active Pharma Sciences, Spencers Retail, Supreme Industries, UCO Bank, and Zensar Technologies will announce quarterly earnings on July 22.
Reliance Industries Q1 (Consolidated YoY)
Profit at Rs 17,448 crore Vs Rs 18,182 crore
Revenue grows 11.5% to Rs 2,57,823 crore Vs Rs 2,31,132 crore
EBITDA rises 2% to Rs 42,748 crore Vs Rs 41,906 crore
EBITDA margin at 16.6% Vs 18.1%
Jio Platforms profit jumps 11.7% to Rs 5,698 crore Vs Rs 5,101 crore
Jio Platforms revenue rises 12.8% to Rs 34,548 crore Vs Rs 30,640 crore
Reliance Retail Ventures profit increases 4.6% to Rs 2,549 crore Vs Rs 2,436 crore
Reliance Retail Ventures revenue climbs 8.1% to Rs 75,615 crore Vs Rs 69,948 crore
Oil to chemicals revenue spikes 18.1% to Rs 1,57,133 crore Vs Rs 133,031 crore
Oil & gas revenue surges 33.4% to Rs 6,179 crore Vs Rs 4,632 crore
HDFC Bank Q1 (Standalone QoQ)
Profit falls 2% to Rs 16,174.8 crore Vs Rs 16,511.85 crore
Revenue rises 2.6% to Rs 29,837.1 crore Vs Rs 29,076.8 crore
Provisions falls sharply to Rs 2,602 crore Vs Rs 13,511.6 crore
Gross NPA ratio increases to 1.33% Vs 1.24%
Net NPA ratio rises to 0.39% Vs 0.33%
Wipro Q1 (Consolidated QoQ)
IT services revenue declines 0.8% to Rs 21,896.3 crore Vs Rs 22,079.6 crore
IT services EBIT falls 0.4% to Rs 3,605.7 crore Vs Rs 3,619.5 crore
Margin rises 10 bps to 16.5% Vs 16.4%
Dollar revenue down 1.2% to USD 2,625.9 million Vs USD 2,657.4 million
Company expects revenue from IT services business to be in range of $2,600-2,652 million in Q2 Vs Q1
Kotak Mahindra Bank Q1 (Standalone YoY)
Profit surges 81% to Rs 6,249.8 crore Vs Rs 3,452.3 crore
Revenue rises 9.8% to Rs 6,842.4 crore Vs Rs 6,233.7 crore
Provisions jump to Rs 578.5 crore Vs Rs 364.3 crore
Gross NPA ratio flat at 1.39% Vs 1.39% (QoQ)
Net NPA ratio rises to 0.35% Vs 0.34% (QoQ)
Union Bank of India Q1 (Standalone YoY)
Profit increases 13.7% to Rs 3,679 crore Vs Rs 3,236 crore
Net interest income grows 6.5% to Rs 9,412 crore Vs Rs 8,840 crore
Gross NPA ratio falls to 4.54% Vs 4.76% (QoQ)
Net NPA ratio declines to 0.90% Vs 1.03% (QoQ)
Yes Bank Q1 (Standalone YoY)
Profit grows 46.7% to Rs 502 crore Vs Rs 343 crore
Net interest income increases 12.2% to Rs 2,244 crore Vs Rs 2,000 crore
Gross NPA ratio flat at 1.7% Vs 1.7% (QoQ)
Net NPA ratio drops to 0.5% Vs 0.6% (QoQ)
JSW Steel Q1 (Consolidated YoY)
Profit plunges 64.3% to Rs 867 crore Vs Rs 2,428 crore
Revenue rises 1.7% to Rs 42,943 crore Vs Rs 42,213 crore
EBITDA declines 21.8% to Rs 5,510 crore Vs Rs 7,046 crore
Margin dips 390 bps to 12.8% Vs 16.7%
RBL Bank Q1 (Standalone YoY)
Profit jumps 29% to Rs 372 crore Vs Rs 288 crore
Net interest income increases 20% to Rs 1,700 crore Vs Rs 1,422 crore
Net interest margin improves to 5.67% Vs 5.53%
Gross NPA ratio rises to 2.69% Vs 2.65% (QoQ)
Net NPA ratio flat at 0.74% Vs 0.74% (QoQ)
JK Cement Q1 (Consolidated YoY)
Profit jumps 66.9% to Rs 184.8 crore Vs Rs 110.7 crore
Revenue rises 1.6% to Rs 2,807.6 crore Vs Rs 2,762.6 crore
JSW Energy Q1 (Consolidated YoY)
Profit surges 84% to Rs 534.2 crore Vs Rs 290.4 crore
Revenue declines 1.7% to Rs 2,879.5 crore Vs Rs 2,927.9 crore
Patanjali Foods Q1 (Standalone YoY)
Profit zooms 199.6% to Rs 262.9 crore Vs Rs 87.8 crore
Revenue falls 7.6% to Rs 7,173 crore Vs Rs 7,767.1 crore
CreditAccess Grameen Q1 (Standalone YoY)
Profit increases 14.8% to Rs 397.7 crore Vs Rs 346.3 crore
Revenue rises 28.7% to Rs 926.8 crore Vs Rs 720.3 crore
Route Mobile Q1 (Consolidated YoY)
Profit declines 11.5% to Rs 81.2 crore Vs Rs 91.7 crore
Revenue rises 14% to Rs 1,103.4 crore Vs Rs 967.3 crore
ICICI Lombard General Insurance Company Q1 (YoY)
Profit spikes 48.7% to Rs 580.4 crore Vs Rs 390.4 crore
Gross premium written grows 19.8% to Rs 7,931 crore Vs Rs 6,622.1 crore
Combined ratio at 102.3% Vs 103.8%
Oberoi Realty Q1 (Consolidated YoY)
Profit surges 81.7% to Rs 584.5 crore Vs Rs 321.6 crore
Revenue jumps 54.4% to Rs 1,405.2 crore Vs Rs 910 crore
Nippon Life AMC Q1 (Consolidated YoY)
Profit zooms 41% to Rs 332.3 crore Vs Rs 235.7 crore
Revenue increases 42.6% to Rs 505 crore Vs Rs 354.2 crore
Indian Hotels Q1 (Consolidated YoY)
Profit rises 10.2% to Rs 260.2 crore Vs Rs 236 crore
Revenue increases 5.7% to Rs 1,550.2 crore Vs Rs 1,466.4 crore
RPG Life Sciences Q1 (YoY)
Profit grows 21.1% to Rs 26.8 crore Vs Rs 22.1 crore
Revenue increases 11.9% to Rs 165.4 crore Vs Rs 147.8 crore
Supreme Petrochem Q1 (YoY)
Profit zooms 76.1% to Rs 121.9 crore Vs Rs 69.3 crore
Revenue jumps 28.4% to Rs 1,573.5 crore Vs Rs 1,225.1 crore
Tejas Networks Q1 (Consolidated QoQ)
Profit sinks 47.2% to Rs 77.5 crore Vs Rs 146.8 crore
Revenue grows 17.8% to Rs 1,562.8 crore Vs Rs 1,326.9 crore
Stocks To Watch
Indian Railway Catering and Tourism Corporation
The Government of India announced the up-gradation of IRCTC from 'Schedule B' to 'Schedule A' category, Central Public Sector Enterprises (CPSE).
EMS
The company has received a Letter of Acceptance from the Uttarakhand Urban Sector Development Agency for the Development of Water Supply and Sewerage System in Vikas Nagar, Dehradun. The order value is Rs 535.19 crore, with EMS holding a 95% share along with another joint venture partner for an 18-year operation and maintenance (O&M) period.
Vedanta
The company closed its Qualified Institutions Placement (QIP) issue, raising Rs 8,500 crore by selling 19.31 crore equity shares at Rs 440 per share. Institutional investors including Morgan Stanley, Societe Generale, SBI MF, Nippon MF, ICICI Mutual Funds, and Copthall Mauritius Investment participated.
JSW Infrastructure
India’s second-largest private commercial port operator acquired the Under Development Slurry Pipeline Project from JSW Utkal Steel, a wholly-owned subsidiary of JSW Steel, for Rs 1,700 crore. They will enter a 20-year long-term take-or-pay agreement to transport iron ore through the pipeline.
Allcargo Gati
Total volume, including surface and air express, stood at 1,00,000 tonnes in June 2024, marking a marginal MoM decline of 3% and a YoY decline of 2%. The company reported a 1% improvement in yield compared to the previous month, driven by a better product mix.
Oil and Natural Gas Corporation
ONGC Videsh signed a definitive Sale Purchase Agreement (SPA) to acquire 0.615% participating interest in the offshore Azeri Chirag Gunashli (ACG) oil field in Azerbaijan from Equinor. Additionally, it will acquire 0.737% shares of the Baku Tbilisi Ceyhan (BTC) pipeline company through its subsidiary ONGC BTC. The acquisitions, totaling up to USD 60 million, are expected to complete in the coming months.
Anant Raj
Subsidiary Anant Raj Cloud entered into a Memorandum of Understanding with Google LLC to collaborate on providing data center infrastructure, managed services, and cloud platforms to public and private enterprises. They also plan to develop innovative technological solutions for potential customers.
HDFC Life Insurance Company
The Assistant Commissioner of Income Tax, Mumbai, issued an income tax rectification order reducing tax and interest demand for Assessment Year 2020-21 to Rs 1,868.12 crore, down from the previous demand of Rs 4,178.8 crore.
Jubilant Pharmova
Following an audit in April 2024, the US Food and Drug Administration (US FDA) classified Jubilant Draximage Inc's radiopharmaceutical manufacturing facility in Montreal, Canada, as Voluntary Action Indicated.
Indian Bank
The Central Government has extended the term of office for Shanti Lal Jain as MD & CEO of Indian Bank from September 1, 2024, to December 31, 2024.
Power Finance Corporation (PFC)
The board appointed Sandeep Kumar as Director (Finance) effective July 11.
Three M Paper Boards, Prizor Viztech, Sati Poly Plast, Aelea Commodities
Bulk Deals
Indiabulls Housing Finance
Plutus Wealth Management LLP purchased 13.5 lakh partly paid-up equity shares of the housing finance company at an average price of Rs 67.9 per share.
Navkar Corporation
Stallion Asset purchased a 1.14% stake in the company at an average price of Rs 125.37 per share.
Stocks Turn Ex-Dividend
Exide Industries, Carborundum Universal, Bemco Hydraulics, Chembond Chemicals, DHP India, Divgi Torqtransfer Systems, Happy Forgings, Indian Metals & Ferro Alloys, Swelect Energy Systems, Swelect Energy Systems, Taparia Tools, Voltamp Transformers, Xpro India
Stock Trades Ex-Date for Split
NHC Foods
F&O Ban
Balrampur Chini Mills, Bandhan Bank, GMR Airports Infrastructure, Hindustan Aeronautics, Hindustan Copper, India Cements, Piramal Enterprises, SAIL, Vedanta
Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
