Results on January 30: Larsen & Toubro, Dr Reddy's Laboratories, Bajaj Finserv, PB Fintech, Arvind, Astral, Adani Total Gas, Blue Star, Cochin Shipyard, Coromandel International, Gillette India, JBM Auto, J Kumar Infraprojects, KEC International, KPIT Technologies, Mahindra & Mahindra Financial Services, Piramal Pharma, Keystone Realtors, Shyam Metalics and Energy, SRF, Strides Pharma Science, Star Health and Allied Insurance Company, Symphony, Triveni Engineering & Industries, VIP Industries, and Voltas will be in focus ahead of declaring their December FY24 quarter earnings on January 30.
2/29
Reliance Industries: Subsidiary Reliance Jio added 34.47 lakh users in November 2023, compared to 31.59 lakh users added in the previous month. In November, the wireless broadband service provider had 455.82 million subscribers. [Disclosure: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary]
3/29
ITC: The cigarette-FMCG-to-hotel major has recorded a 10.75 percent on-year growth in standalone net profit at Rs 5,572 crore for the quarter ended December FY24 despite weak operating numbers, aided by higher other income and lower tax costs. Standalone revenue from operations increased by 1.6 percent to Rs 16,483.3 crore compared to the year-ago period, driven by the cigarette and FMCG segments. The company announced an interim dividend of Rs. 6.25 per share.
4/29
Mahindra Logistics: The logistics company has registered a consolidated net loss of Rs 16.4 crore for the quarter ended December FY24, against a profit of Rs 1.67 crore in the same period last fiscal year, impacted by weak operating numbers. Revenue from operations grew by 5 percent year over year to Rs 1,397.2 crore for the quarter. The company has received approval from the Investment Committee of the Board of Directors for an investment of up to Rs 50 crore in its subsidiary, MLL Express Services.
Bajaj Finance: The non-banking finance company has registered a 22 percent on-year growth in consolidated net profit at Rs 3,639 crore for the October–December period of FY24, despite higher loan losses and provisions. Net interest income during the quarter increased by 29 percent to Rs 7,655 crore compared to the year-ago period, while the number of new loans booked grew by 26 percent to 9.86 million during the same period. Asset quality has weakened, with the gross NPA rising 4 bps QoQ to 0.95 percent and the net NPA increasing 6 bps sequentially to 0.37 percent for the quarter.
6/29
Vodafone Idea: The telecom operator has posted a net loss of Rs 6,986 crore for the quarter ended December FY24, narrowing from a loss of Rs 8,738 crore in the previous quarter, with an improvement in margin. Revenue during the quarter fell 0.4 percent sequentially to Rs 10,673.1 crore compared to the previous quarter. EBITDA grew by 1.58 percent quarter-on-quarter to Rs 4,350.4 crore with a margin expansion of 80 bps QoQ at 40.8 percent for the quarter.
7/29
Bharti Airtel: The telecom operator added 17.47 lakh subscribers in November last year, compared to 3.5 lakh users added in the previous month. The company had 255.07 million subscribers as of November 2023.
8/29
Yes Bank: Arun Agrawal has resigned as Country Head, Institutional and Government Banking, due to personal reasons. The bank has relieved Agrawal of his duties, effective January 29.
Aditya Birla Sun Life AMC: The asset management company has reported a 26 percent on-year growth in consolidated net profit at Rs 209.3 crore for the October–December period of FY24, aided by higher other income. Revenue from operations increased by 8.7 percent YoY to Rs 341.5 crore for the quarter.
10/29
GAIL (India): The country's largest natural gas company has signed a long-term LNG purchase agreement for the purchase of around 0.5 MMTPA of LNG from ADNOC Gas (Abu Dhabi National Oil Company). Under this agreement, deliveries will commence from 2026 onwards for a duration of 10 years across India.
11/29
Piramal Enterprises: The company has posted a consolidated net loss of Rs 2,377.6 crore for the October-December period of FY24, against a profit of Rs 3,545.4 crore in the year-ago period, impacted by an exceptional loss of Rs 3,539.8 crore with respect to its investments in alternative investment funds. Revenue from operations fell by nearly 12 percent year-on-year to Rs 2,476 crore during the quarter.
12/29
Marico: The FMCG company has reported consolidated net profit of Rs 386 crore for the quarter ended December FY24, rising nearly 16 percent over a year-ago period despite a lower topline, backed by healthy operating numbers and a fall in input costs. Consolidated revenue from operations fell nearly 2 percent year-on-year to Rs 2,422 crore, with domestic volume growth at 2 percent for the quarter.
13/29
Petronet LNG: The state-owned liquefied natural gas importer has recorded consolidated net profit of Rs 1,213 crore for the October–December period of FY24, growing sharply by 41.7 percent over the previous quarter, backed by healthy operating numbers. Revenue from operations grew by 17.7 percent quarter-on-quarter to Rs 14,747.2 crore during the quarter.
14/29
NTPC: The country's largest power generation company has recorded 2.1 percent on-year growth in standalone net profit at Rs 4,572 crore for the quarter ended December FY24, impacted by lower topline and weak operating numbers. Standalone revenue from operations for the quarter fell 4.7 percent to Rs 39,455.3 crore compared to the year-ago period.
15/29
Karnataka Bank: The private sector lender, and Northern Arc Capital, the diversified NBFCs and financial services platform, have entered into a MOU. This partnership will enable the bank to offer customer-centric financial solutions to retail borrowers.
16/29
Muthoot Microfin: The microfinance institution has recorded net profit at Rs 124.57 crore for the October–December period of FY24, growing 119 percent over a year-ago period. Net interest income increased by 53 percent YoY to Rs 343.07 crore, with net interest margin expanding 86 bps to 12.6 percent during the quarter.
17/29
Nuvoco Vistas Corporation: The building materials company registered a net profit of Rs 31 crore for the quarter ended December FY24, against a net loss of Rs 75.3 crore in the corresponding period of the last fiscal. The lower input costs, power and fuel costs, and freight and forwarding charges boosted the bottom line. Revenue from operations fell 7 percent to Rs 2,421 crore during the same period.
18/29
Nippon Life India Asset Management: The asset management company has registered net profit at Rs 264.7 crore for the quarter ended December FY24, rising 33.3 percent over a year-ago period, partly supported by higher other income and topline. Revenue from operations grew by 18.7 percent year-on-year to Rs 392.3 crore for the quarter.
19/29
Godfrey Phillips India: The cigarette and tobacco products maker has recorded consolidated net profit of Rs 212.4 crore for the October–December period of FY24, growing 6.6 percent over the corresponding period of the last fiscal year despite strong growth in topline, impacted by a lower operating margin. Revenue from operations grew by 36 percent YoY to Rs 1,250 crore for the quarter.
20/29
Epack Durable: The original design manufacturer of room air conditioners will list its equity shares on the bourses on January 30. The final issue price has been fixed at Rs. 230 per share.
21/29
KEC International: The infrastructure EPC major has secured new orders of Rs 1,304 crore across its various businesses. The transmission and distribution business has secured orders for T&D projects in India, SAARC, and the Americas. With these orders, its year-to-date order intake stands at Rs 13,000 crore.
22/29
Euphoria Infotech (India): The company will make its debut on the BSE SME on January 30. The issue price is Rs 100 per share. The stock will be in the trade-for-trade segment for 10 trading days.
23/29
Tips Industries: SBI Mutual Fund has picked 64,25,721 equity shares, which is equivalent to 5 percent of paid-up equity, in the music and film production and distribution company via open market transactions, at an average price of Rs 380 per share, valued at Rs 244.17 crore. However, promoters, namely Renu Kumar Taurani, Ramesh Sadhuram Taurani, Varsha Ramesh Taurani, and Kumar Sadhuram Taurani, sold 65 lakh equity shares, which is equivalent to 5.06 percent of paid-up equity in Tips, at around the same price, amounting to Rs 247.06 crore.
24/29
Konstelec Engineers: The company will make its debut on the NSE Emerge on January 30. The issue price is Rs 70 per share. Its equity shares will be available for trading in the trade-for-trade segment.
25/29
OnMobile Global: The board has appointed Radhika Venugopal as the Chief Financial Officer and key managerial personnel of the company with effect from April 1, 2024. Asheesh Chatterjee has resigned as Chief Financial Officer of the company, and his last date with the company would be March 31, 2024.
26/29
Addictive Learning Technology: The trading in its equity shares on the NSE Emerge will commence with effect from January 30. The issue price is Rs. 140 per share. Its equity shares will be available for trading in the trade-for-trade segment.
27/29
Nelcast: The ductile and grey iron castings manufacturer has recorded a 378.5 percent on-year growth in consolidated net profit at Rs 25.53 crore for the quarter ended December FY24, supported by an exceptional gain of Rs 17.3 crore. Consolidated revenue from operations grew by 2 percent to Rs 320.3 crore compared to the year-ago period.
28/29
Restaurant Brands Asia: The company has posted a consolidated net loss of Rs 36.2 crore for the quarter ended December FY24, narrowing from a loss of Rs 50.4 crore in the corresponding period of the last fiscal, backed by strong operating numbers. Revenue from operations grew by 14.8 percent YoY to Rs 604.2 crore for the quarter.
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Krsnaa Diagnostics: The company has been shortlisted by the Commissionerate of Health Services, Maharashtra, Government of Maharashtra, for providing MRI and CT scan services in Maharashtra in district hospitals under the Authority.
