Stock Radar: Tata Steel, Apollo Hospitals, Power Grid, Polycab India, Wockhardt, Avalon Tech, Delta Corp in focus on Thursday

Tata Steel Q2 (Consolidated YoY)

Profit stands at Rs 758.8 crore Vs loss of Rs 6,511.2 crore

Revenue falls 3.25 to Rs 53,904.7 crore Vs Rs 55,681.9 crore

EBITDA spikes 43.9% to Rs 6,141.3 crore Vs Rs 4,267.8 crore

Margin expands 370 bps to 11.4% Vs 7.7%

Power Grid Corporation of India Q2 (Consolidated YoY)

Profit rises 0.3% to Rs 3,793 crore Vs Rs 3,781.4 crore

Revenue increases 0.09% to Rs 11,277.8 crore Vs Rs 11,267.1 crore

EBITDA falls 2.1% to Rs 9,701.3 crore Vs Rs 9,908.4 crore

Margin drops 190 bps to 86% Vs 87.9%

Apollo Hospitals Enterprise Q2 (Consolidated YoY)

Profit zooms 59% to Rs 395.7 crore Vs Rs 248.8 crore

Revenue grows 15.3% to Rs 5,589.3 crore Vs Rs 4,846.9 crore

EBITDA jumps 30% to Rs 815.5 crore Vs Rs 627.5 crore

Margin expands 170 bps to 14.6% Vs 12.9%

Chambal Fertilisers and Chemicals Q2 (Consolidated YoY)

Profit surges 40.8% to Rs 536.4 crore Vs Rs 381 crore

Revenue falls 19.3% to Rs 4,346.2 crore Vs Rs 5,385.5 crore

EBITDA zooms 28.5% to Rs 790.2 crore Vs Rs 615 crore

Margin expands 680 bps to 18.2% Vs 11.4%

Gujarat Gas Q2 (Standalone QoQ)

Profit falls 6.92% to Rs 307 crore Vs Rs 329.8 crore

Revenue declines 15% to Rs 3,781.8 crore Vs Rs 4,450.3 crore

EBITDA drops 4% to Rs 514.2 crore Vs Rs 535.6 crore

Margin expands 160 bps to 13.6% Vs 12%

Novelis Q2 (YoY)

Net income drops 18% to $128 million

Net income excluding special items falls 1% to $179 million

Adjusted EBITDA declines 5% to $462 million

Rolled product shipments grow 1% to 945 kilotonnes

India Pesticides Q2 (Consolidated YoY)

Profit zooms 32.9% to Rs 25.9 crore Vs Rs 19.5 crore

Revenue grows 13.3% to Rs 228.8 crore Vs Rs 202 crore

Delta Corp Q2 (Consolidated YoY)

Profit plunges 61.1% to Rs 27 crore Vs Rs 69.4 crore

Revenue falls 28.1% to Rs 187.7 crore Vs Rs 261.1 crore

Kirloskar Ferrous Industries Q2 (Consolidated YoY)

Profit declines 5% to Rs 77.6 crore Vs Rs 81.7 crore

Revenue increases 6.8% to Rs 1,666 crore Vs Rs 1,559.7 crore

Kansai Nerolac Paints Q2 (Consolidated YoY)

Profit plunges 31.8% to Rs 120 crore Vs Rs 175.5 crore

Revenue falls 0.3% to Rs 1,951.4 crore Vs Rs 1,956.5 crore

Sonata Software Q2 (Consolidated QoQ)

Profit increases 0.8% to Rs 106.5 crore Vs Rs 105.6 crore

Revenue falls 14.1% to Rs 2,169.8 crore Vs Rs 2,527.4 crore

Blue Star Q2 (Consolidated YoY)

Profit jumps 35.7% to Rs 96.1 crore Vs Rs 70.8 crore

Revenue increases 20.4% to Rs 2,276 crore Vs Rs 1,890.4 crore

Usha Martin Q2 (Consolidated YoY)

Profit falls 0.2% to Rs 109.3 crore Vs Rs 109.5 crore

Revenue grows 13.6% to Rs 891.2 crore Vs Rs 784.7 crore

Endurance Technologies Q2 (Consolidated YoY)

Profit zooms 31.3% to Rs 203 crore Vs Rs 154.6 crore

Revenue increases 14.4% to Rs 2,912.7 crore Vs Rs 2,545 crore

Avalon Technologies Q2 (Consolidated YoY)

Profit surges 140.1% to Rs 17.5 crore Vs Rs 7.3 crore

Revenue jumps 36.8% to Rs 275 crore Vs Rs 201 crore

Rain Industries Q2 (Consolidated YoY)

Loss widens to Rs 154.9 crore Vs Rs 65.8 crore

Revenue declines 5.4% to Rs 3,934.3 crore Vs Rs 4.160.3 crore

Stocks To Watch

Wockhardt

The pharma company announced the opening of its Qualified Institutions Placement (QIP) issue on November 6. The floor price for the issue has been set at Rs 1,162.25 per share.

Polycab India

Polycab has emerged as the lowest bidder for a contract worth Rs 1,549.66 crore from Bharat Sanchar Nigam Limited (BSNL). The contract involves the development of the middle-mile network of BharatNet on a Design, Build, Operate, and Maintain (DBOM) model for Package 7 (Bihar).

Sterling Tools

The company has signed a technical collaboration agreement with Kunshan GLVAC Yuantong New Energy Technology, a wholly owned subsidiary of China's Kunshan Guoli Electronic Technology. The collaboration is for manufacturing advanced high-voltage direct current (HVDC) contactors and relays in India.

Innova Captab

The company has received a drug manufacturing license for its upcoming facility in Jammu, from the Government of Jammu and Kashmir.

Bulk Deals

International Combustion (India)

Pegasus Growth Fund 1 sold a 0.56% stake in the company at an average price of Rs 1,085.81 per share.

Stocks Turn Ex-Dividend

Glaxosmithkline Pharmaceuticals, Navin Fluorine International, Nuvama Wealth Management, Share India Securities, Shriram Finance, Symphony

Stock Trades Ex-Date for Split

Hazoor Multi Projects