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Last Updated : Oct 17, 2017 03:20 PM IST | Source: CNBC-TV18

Stocks in the news: GTL Infra, Godawari Power, M&M Financial, DCB Bank, Hatsun Agro

GTL Infra | Godawari Power | M&M Financial | V2 Retail | DCB Bank | Hatsun Agro | Bajaj Finserv and Persistent Systems are stocks, which are in news today.

CNBC TV18 @moneycontrolcom

Here are stocks that are in news today:

Results today: Bajaj Auto, Axis Bank, Wipro, ACC, ICICI Lombard, HT Media, Atul, CRISIL, Bajaj Holdings, Blue Dart, Nucleus Software, Prakash Industries, Tata Sponge, Shree Digvijay Cement, Prime Securities

Hatsun Agro Q2FY18 YoY
-Revenue up 6 percent at Rs 1,066 crore versus Rs 1,001 crore
-EBITDA up 16 percent at Rs 105.6 crore
-Margins 9.9 percent versus 9 percent

-PAT up 19 percent at Rs 38 crore

Onward Technologies Q2FY18 QoQ
-Revenue up 11 percent at Rs 63 crore versus Rs 57 crore
-EBITDA at Rs 4.4 crore versus Rs 1.8 crore
-Margins at 6.9 percent versus 3.2 percent

-PAT at Rs 3 crore versus Rs 0.5 crore

Sasken Technologies Q2FY18 QoQ
-Revenue up 6 percent at Rs 124 crore versus Rs 117 crore
-EBITDA flat at Rs 20.9 crore
-Margins 16.7 percent versus 17.9 percent

-PAT up 9 percent at Rs 18.7 crore

Hindustan Media Ventures Q2FY18 YoY
-Revenue down 8 percent at Rs 210 crore
-EBITDA down 10 percent at Rs 45.3 crore
-Margins 21.5 percent versus 22 percent
-PAT down 20 percent at Rs 43 crore

-Margins take a hit as revenues fall

DCB Bank Q2
-Gross NPA at 1.80 percent versus 1.74 percent (QoQ)
-Net NPA at 0.90 percent versus 0.92 percent (QoQ)
-Gross NPA at Rs 315.8 crore versus Rs 285.3 crore (QoQ)
-Net NPA at Rs 157 crore versus Rs 149.1 crore (QoQ)
DCB Bank says
-Income tax refunds of Rs 7.2 crore aided NII in Q2

-Q2 loan growth at 20.5 percent, lowest in 6 quarters

Persistent Systems Q2
-Net profit up 10 percent at Rs 82.6 crore versus Rs 75.1 crore (QoQ)
-Rs Revenue up 4.6 percent at Rs 761.2 crore versus Rs 728 crore (QoQ)
-EBITDA up 11 percent at Rs 115.7 crore versus Rs 104.3 crore (QoQ)
-EBITDA margin at 15.2 percent versus 14.3 percent (QoQ)

-USD revenue at USD 118.1 million versus USD 113 million (QoQ)

Bajaj Finserv Q2
-Consolidated net profit up 13.3 percent at Rs 652.30 crore versus Rs 575.75 crore (YoY)
-Consolidated total income up 27.7 percent at Rs 7561 crore versus Rs 5919.9 crore (YoY)
-Finance costs at Rs 1112.03 crore versus Rs 942.49 crore (YoY)

-Tax expense at Rs 462.02 crore versus Rs 369.20 crore (YoY)

Oberoi Realty Q2
-Consolidated net profit at Rs 104.3 crore versus Rs 83.5 crore (YoY)
-Consolidated revenue up 2.7 percent at Rs 303.5 crore versus Rs 294.4 crore (YoY)
-Consolidated EBITDA down 3.2 percent at Rs 163.8 crore versus Rs 169.2 crore (YoY)

-Consolidated EBITDA margin at 54 percent versus 57.3 percent (YoY)

Parth Jindal to CNBC-TV18
-Looking to expand capacity to 20 mt from 12.5 mt
-Capacity addition will be organic
-Capex will be Rs 1,600 crore for 7.5 mt expansion
-Debt in JSW Cement books currently at Rs 2100 crore
-EBITDA/tonne of JSW Cement at Rs 800 per tonne
-Will look at listing post 2019 General Elections
-Not looking at reverse merger into Shiva Cement
-Will list JSW Cement first then can plan on whether to merge the 2 listed entities

-Was buying shares in open market as promoter wanted holding to cross 50 percent

Jaiprakash Power Ventures: Sources
-5 bidders submit non-binding bids to buy assets of Jaiprakash Power Ventures
-JSW Energy, Resurgent Power, India Power Corp bid for JP Power Ventures
-Edelweiss ARC, Brookfield bid for JP Power Ventures
-Lenders expect Rs 10,000 crore for 3 assets of JP Power Ventures
Alert: JSW Energy bidding in partnership with Piramal & Bain
Alert: Resurgent Power is a JV between Tata Power & ICICI Ventures

-Bara Power asset not part of the sale process

Other stocks and sectors that are in news today:
-Lighthouse affiliated funds invest Rs 76 crore in V2 Retail for expansion plans
-Jain Irrigation redeems foreign currency convertible bonds of USD 40 million
-GTL Infra to refinance Rs 4,800 crore debt in three months
-DB Realty settles LIC Housing Finance Rs 30.6 crore debt claim
-PNB looks to raise USD 250-300 million via QIP
-M&M Financial in focus - XL group to buy 20 percent stake in Mahindra Insurance Brokers (Subsidiary)
-Snowman Logistics to provide logistics service for IKEA’s food business
-Air India seeks USD 555 million bridge loan for buying 3 Boeing planes
-HDFC Life gets SEBI nod for IPO
-Mahindra Logistics gets SEBI nod for IPO
-MAS Financial Services to debut on Wednesday
-Gujarat CM announces zero percent interest loans for farmers
-V2 Retail approves appointment of Manshu Tandon as CEO
-Godawari Power & Ispat get additional 28,700 metric tonnes of long-term coal linkage in auction: Reuters
-Hatsun Agro Product invests Rs 60 crore to expand its cattle feed production plant in Tamil Nadu
-Voltas Pradeep Bakshi appointed MD & CEO, Anil George appointed Deputy MD with effect from October 16-Cadila Healthcare in focus: Zydus gets US FDA nod for Allopurinol tablets (used to treat high blood uric acid levels)

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First Published on Oct 17, 2017 08:18 am
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