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Stocks to Watch Today | Bharti Airtel, SBI, Paytm, and others in news today

Stocks to Watch: Check out the companies making headlines before the opening bell.

August 08, 2022 / 06:52 AM IST
Results on August 8: Bharti Airtel to be in focus ahead of June quarter earnings on August 8. Bharti Airtel, Adani Ports and Special Economic Zone, Power Grid Corporation of India, NALCO, Astrazeneca Pharma India, Chemcon Speciality Chemicals, City Union Bank, Delhivery, Dhanlaxmi Bank, Gujarat Narmada Valley Fertilizers & Chemicals, Housing & Urban Development Corporation, JK Tyre & Industries, Jaypee Infratech, Vedant Fashions, Samvardhana Motherson International, Sequent Scientific, Sun Pharma Advanced Research Company, Subex, Torrent Power, and Whirlpool of India will be in focus ahead of June quarter earnings on August 8.
Results on August 8: Bharti Airtel to be in focus ahead of its June quarter earnings to be declared today. Besides Bharti Airtel, Adani Ports and Special Economic Zone, Power Grid Corporation of India, NALCO, Astrazeneca Pharma India, Chemcon Speciality Chemicals, City Union Bank, Delhivery, Dhanlaxmi Bank, Gujarat Narmada Valley Fertilizers & Chemicals, Housing & Urban Development Corporation, JK Tyre & Industries, Jaypee Infratech, Vedant Fashions, Samvardhana Motherson International, Sequent Scientific, Sun Pharma Advanced Research Company, Subex, Torrent Power, and Whirlpool of India will share their June quarter earnings on August 8.
State Bank of India: State Bank of India Q1 profit falls 6.7% YoY to Rs 6,068 crore impacted by lower operating profit and other income. NII up 13%. The country's largest lender reported a 6.7% year-on-year decline in profit at Rs 6,068 crore for the quarter ended June FY23 impacted by lower operating profit and other income, though supported by lower provisions. Net interest income during the quarter grew by 12.87% YoY to Rs 31,196 crore, but operating profit declined 32.8% YoY to Rs 12,753 crore and other income plunged 80% YoY to Rs 2,312 crore for the quarter ended June FY23. Loan loss provisions fell by 15.14% to Rs 4,268 crore during the same period.
State Bank of India: The country's largest lender reported a 6.7 percent year-on-year decline in profit at Rs 6,068 crore for the quarter ended June FY23 impacted by lower operating profit and other income, though supported by lower provisions. Net interest income during the quarter grew by 12.87 percent YoY to Rs 31,196 crore, but operating profit declined 32.8 percent YoY to Rs 12,753 crore and other income plunged 80 percent YoY to Rs 2,312 crore for the quarter ended June FY23. Loan loss provisions fell by 15.14 percent to Rs 4,268 crore during the same period.
Bharat Petroleum Corporation: BPCL posts Q1 loss at Rs 6,291 crore against profit YoY. Revenue grows 54% to Rs 1.38 lakh crore. The oil marketing company posted standalone loss at Rs 6,290.80 crore for the quarter ended June FY23, against profit of Rs 3,192.58 crore in corresponding period last fiscal, impacted by increase in input cost. Revenue from operations grew by 54% year-on-year to Rs 1.38 lakh crore for the June FY23 quarter. The average gross refining margin (GRM) of the Corporation for the quarter was $27.51 per barrel against $4.12 per barrel in Q1FY22 as the suppressed marketing margins of certain petroleum products have offset the benefit of higher GRM.
Bharat Petroleum Corporation: Oil marketing company BPCL posted a standalone loss of Rs 6,290.80 crore for the quarter ended June FY23, as against a profit of Rs 3,192.58 crore in corresponding period last fiscal, impacted by an increase in input cost. Revenue from operations grew 54 percent on-year to Rs 1.38 lakh crore for the June FY23 quarter. The average gross refining margin (GRM) of the Corporation for the quarter was $27.51 per barrel against $4.12 per barrel in Q1FY22 as the suppressed marketing margins of certain petroleum products have offset the benefit of higher GRM.
HPCL
Hindustan Petroleum Corporation: Oil retailer HPCL posted a big loss of Rs 10,197 crore for the quarter ended June FY23 against profit of Rs 1,795 crore for the same period last year, impacted by erosion in the marketing margin on motor fuels and LPG. Revenue grew by 56 percent YoY to Rs 1.22 lakh crore during the same period.
Marico: Marico Q1 profit rises 3.3% YoY to Rs 377 crore on higher operating performance. Revenue grows 1.3% YoY to Rs 2,558 crore. The FMCG company reported a 3.3% YoY increase in consolidated profit at Rs 377 crore for the June FY23 quarter supported by higher operating performance. Revenue grew by 1.3% YoY to Rs 2,558 crore and EBITDA increased by 9.77% to Rs 528 crore compared to year-ago period.
Marico: The FMCG company reported a 3.3 percent YoY increase in consolidated profit at Rs 377 crore for the June FY23 quarter supported by higher operating performance. Revenue grew by 1.3 percent YoY to Rs 2,558 crore and EBITDA increased by 9.77% to Rs 528 crore compared to year-ago period.
One 97 Communications: One 97 Communications Q1 loss widens to Rs 645.4 crore. Revenue from operations increases 88.5%. Digital payments platform operator Paytm has posted consolidated loss of Rs 645.4 crore for the quarter ended June FY23, widening from loss of Rs 381.9 crore in same period last fiscal. Revenue from operations grew by 88.5% to Rs 1,679.60 crore during the same period.
One 97 Communications: Digital payments platform operator Paytm has posted consolidated loss of Rs 645.4 crore for the quarter ended June FY23, widening from loss of Rs 381.9 crore in same period last fiscal. Revenue from operations grew by 88.5 percent to Rs 1,679.60 crore during the same period.
FSN E-Commerce Ventures: Nykaa clocks 42% YoY growth in profit at Rs 5.01 crore aided by better topline, operating performance. Revenue grows 41%. The Nykaa brand operator clocked a 42.24% year-on-year increase in consolidated profit at Rs 5.01 crore for the quarter ended June FY23, aided by better topline and operating performance of the cosmetics-to-fashion retailer. Revenue from operations for the June FY23 quarter came in at Rs 1,148.4 crore, registering a 40.56% growth compared to same period last year. The consolidated gross merchandise value (GMV) has been quite strong, and has grown 47% year-on-year to Rs 2,155.8 crore for the quarter ended June FY23.
FSN E-Commerce Ventures: The Nykaa brand operator clocked a 42.24 percent year-on-year increase in consolidated profit at Rs 5.01 crore for the quarter ended June FY23, aided by better topline and operating performance of the cosmetics-to-fashion retailer. Revenue from operations for the June FY23 quarter came in at Rs 1,148.4 crore, registering a 40.56% growth compared to same period last year. The consolidated gross merchandise value (GMV) has been quite strong, and has grown 47 percent year-on-year to Rs 2,155.8 crore for the quarter ended June FY23.
IRB Infrastructure Developers: IRB Infrastructure Q1 profit jumps 405% YoY to Rs 363 crore on higher operating income. Revenue grows by 18.4%. The road developer has reported a 405% year-on-year increase in consolidated profit at Rs 363.2 crore for June FY23 quarter driven by higher operating income. Revenue grew by 18.4% to Rs 1,924.6 crore compared to corresponding period last fiscal.
IRB Infrastructure Developers: The road developer has reported a 405 percent year-on-year increase in consolidated profit at Rs 363.2 crore for June FY23 quarter driven by higher operating income. Revenue grew by 18.4 percent to Rs 1,924.6 crore compared to corresponding period last fiscal.
 NHPC : The company said the board of directors on August 10 may consider monetization of future cash flow (consisting return on equity, capacity based incentive) of one or more power station (s) for suitable tenure, as part of the funding plan of CAPEX for the current financial year 2022-23.
NHPC: The company said the board of directors on August 10 may consider monetization of future cash flow (consisting return on equity, capacity based incentive) of one or more power station (s) for suitable tenure, as part of the funding plan of CAPEX for the current financial year 2022-23.
Birla Corporation: Birla Corp records 56% YoY decline in Q1 profit at Rs 61.92 crore hit by escalating power, fuel and freight costs. Revenue up 26%. The company recorded a 56% year-on-year decline in profit at Rs 61.92 crore for the quarter ended June FY23 dented by escalating power, fuel and freight costs. EBITDA fell by 22.5% YoY to Rs 274 crore during the quarter, while revenue for the June FY23 quarter increased by 26% to Rs 2,218 crore YoY.
Birla Corporation: The company recorded a 56 percent year-on-year decline in profit at Rs 61.92 crore for the quarter ended June FY23 dented by escalating power, fuel and freight costs. EBITDA fell by 22.5 percent YoY to Rs 274 crore during the quarter, while revenue for the June FY23 quarter increased by 26 percent to Rs 2,218 crore YoY.
Indian Overseas Bank: Indian Overseas Bank Q1 profit jumps 20% YoY to Rs 392 crore on lower provisions. Net interest income grows 17%. The public sector lender reported 20% year-on-year growth in standalone profit at Rs 392.2 crore for the quarter ended June FY23 quarter supported by lower provisions. Net interest income grew by 17.2% YoY to Rs 1,753.8 crore for the June FY23 quarter.
Indian Overseas Bank: The public sector lender reported 20 percent year-on-year growth in standalone profit at Rs 392.2 crore for the quarter ended June FY23 quarter supported by lower provisions. Net interest income grew by 17.2 percent on-year to Rs 1,753.8 crore for the June FY23 quarter.
Mahanagar Gas: Mahanagar Gas Q1 profit falls 9.3% YoY to Rs 185 crore impacted by higher cost of natural gas. Revenue increases 139% YoY. The company reported a 9.3% year-on-year decline in profit at Rs 185.20 crore for the quarter ended June FY23 impacted by higher cost of natural gas. Revenue grew significantly by 139% YoY to Rs 1,593.2 crore during the June FY23 quarter.
Mahanagar Gas: The company reported a 9.3 percent on-year decline in profit at Rs 185.20 crore for the quarter ended June FY23 impacted by higher cost of natural gas. Revenue grew significantly by 139 percent YoY to Rs 1,593.2 crore during the June FY23 quarter.
Amara Raja Batteries: Amara Raja Batteries Q1 profit rises 6.4% YoY to Rs 132 crore supported by revenue but impacted by higher input cost. The automobile battery manufacturer recorded a 6.4% YoY growth in consolidated profit at Rs 132 crore for the quarter ended June FY23 supported by revenue but impacted by higher input cost. Revenue grew by 39% to Rs 2,620.53 crore during the same period.
Amara Raja Batteries: The automobile battery manufacturer recorded a 6.4 percent YoY growth in consolidated profit at Rs 132 crore for the quarter ended June FY23 supported by revenue but impacted by higher input cost. Revenue grew by 39 percent to Rs 2,620.53 crore during the same period.
Rossari Biotech: Rossari Biotech Q1 profit grows 17% YoY to Rs 28.68 crore on strong topline & operating performance. Revenue rises 88% YoY. The company recorded a 17% YoY growth in consolidated profit at Rs 28.68 crore during the quarter ended June FY23 on strong revenue growth & operating performance, but impacted by higher input cost and employee cost. Revenue grew by 88% YoY to Rs 434.71 crore in Q1FY23.
Rossari Biotech: The company recorded a 17 percent YoY growth in consolidated profit at Rs 28.68 crore during the quarter ended June FY23 on strong revenue growth & operating performance, but impacted by higher input cost and employee cost. Revenue grew by 88 percent YoY to Rs 434.71 crore in Q1FY23.
Lumax Auto Technologies: Lumax Auto Technologies gets board nod for Rs 400 crore fund raising. Profit in Q1 jumps 431% YoY to Rs 26 crore on low base. The company said the board of directors has given approval for raising of funds upto Rs 400 crore by issuance of securities. The company reported a 431% year-on-year increase in consolidated profit at Rs 26 crore for the quarter ended June FY23 on a low base but there was significant increase in input cost. Revenue grew by 62% YoY to Rs 421.93 crore during the same quarter.
Lumax Auto Technologies: The company said the board of directors has given approval for raising of funds upto Rs 400 crore by issuance of securities. The company reported a 431% year-on-year increase in consolidated profit at Rs 26 crore for the quarter ended June FY23 on a low base but there was significant increase in input cost. Revenue grew by 62% YoY to Rs 421.93 crore during the same quarter.
Affle India: Affle India Q1 profit surges 93.5% YoY to Rs 55.2 crore on broadbased growth in CPCU, non-CPCU business. Revenue up 128% YoY. The company recorded a 93.5% YoY growth in profit after tax at Rs 55.2 crore for the quarter ended June FY23 on broadbased growth in both CPCU business and non-CPCU business, across India & International markets. Revenue at Rs 347.5 crore grew by 128% YoY and EBITDA rose by 96% to Rs 68.7 crore compared to year-ago period.
Affle India: The company recorded a 93.5% YoY growth in profit after tax at Rs 55.2 crore for the quarter ended June FY23 on broadbased growth in both CPCU business and non-CPCU business, across India & International markets. Revenue at Rs 347.5 crore grew by 128% YoY and EBITDA rose by 96% to Rs 68.7 crore compared to year-ago period.
Birla Soft: Axis Mutual Fund buys 5.08 lakh shares in Birla Soft. Axis Mutual Fund bought 5.08 lakh shares in the company via open market transactions on August 4. With this, its shareholding in the company increased to 5.12%, up from 4.94% earlier.
Birla Soft: Axis Mutual Fund bought 5.08 lakh shares in the company via open market transactions on August 4. With this, its shareholding in the company increased to 5.12%, up from 4.94% earlier.
Fortis Healthcare: Fortis Healthcare Q1 profit falls 69% YoY to Rs 134.31 crore on high base. Revenue grows 5.5% to Rs 1,488 crore. The company recorded a 69% year-on-year decline in consolidated profit at Rs 134.31 crore for the quarter ended June FY23 on a high base as there was an exceptional gain of Rs 306.14 crore in Q1FY22. Revenue grew by 5.5% to Rs 1,487.85 crore compared to corresponding period last fiscal.
Fortis Healthcare: The company recorded a 69% year-on-year decline in consolidated profit at Rs 134.31 crore for the quarter ended June FY23 on a high base as there was an exceptional gain of Rs 306.14 crore in Q1FY22. Revenue grew by 5.5% to Rs 1,487.85 crore compared to corresponding period last fiscal.
Shipping Corporation of India: Shipping Corporation of India Q1 profit declines 28% YoY to Rs 114.2 crore impacted by lower operating performance. Revenue up 43%. The company has reported a 28% year-on-year decline in consolidated profit at Rs 114.2 crore for the quarter ended June FY23, impacted by lower operating performance. Revenue grew by 42.5% YoY to Rs 1,465 crore in Q1FY23.
Shipping Corporation of India: The company has reported a 28% year-on-year decline in consolidated profit at Rs 114.2 crore for the quarter ended June FY23, impacted by lower operating performance. Revenue grew by 42.5% YoY to Rs 1,465 crore in Q1FY23.
Siemens: Siemens makes further investment in Sunsole Renewables. The company has made an investment of Rs 1.14 crore in Sunsole Renewables Private Limited, India, towards second tranche equity allotment. The company’s shareholding in Sunsole, post the additional investment, continues to remain at 26% of the paid-up equity share capital of Sunsole.
Siemens: The company has made an investment of Rs 1.14 crore in Sunsole Renewables Private Limited, India, towards second tranche equity allotment. The company’s shareholding in Sunsole, post the additional investment, continues to remain at 26% of the paid-up equity share capital of Sunsole.
Engineers India: Engineers India Q1 profit surges to Rs 65 crore on low base. Revenue jumps 9.2% YoY to Rs 815 crore. The company reported a consolidated profit at Rs 64.81 crore for the quarter ended June FY23, rising 2,318% compared to Rs 2.68 crore profit in year-ago period, aided by low base. The Q1FY22 profit was impacted by loss in joint venture entities or associates. Revenue grew by 9.2% YoY to Rs 814.8 crore in June FY23 quarter.
Engineers India: The company reported a consolidated profit at Rs 64.81 crore for the quarter ended June FY23, rising 2,318% compared to Rs 2.68 crore profit in year-ago period, aided by low base. The Q1FY22 profit was impacted by loss in joint venture entities or associates. Revenue grew by 9.2% YoY to Rs 814.8 crore in June FY23 quarter.
Raymond: Raymond reports Q1 profit at Rs 81 crore against loss. Revenue grows 104% YoY to Rs 1,754 crore. The company recorded consolidated profit at Rs 81 crore for the quarter ended June FY23 against loss of Rs 157 crore in corresponding period last fiscal. The year-ago numbers were affected by second Covid wave. Revenue grew by 104% YoY to Rs 1,754 crore for the June FY23 quarter.
Raymond: The company recorded consolidated profit at Rs 81 crore for the quarter ended June FY23 against loss of Rs 157 crore in corresponding period last fiscal. The year-ago numbers were affected by second Covid wave. Revenue grew by 104% YoY to Rs 1,754 crore for the June FY23 quarter.
Maruti Suzuki India: LIC cuts stake in Maruti Suzuki India by 2%. Life Insurance Corporation of India sold 2.015% stake or 60.88 lakh equity shares in the country's largest car maker via open market transactions. With this, LIC's stake in the company reduced to 4.2%, down from 6.22% earlier.
Maruti Suzuki India: Life Insurance Corporation of India has sold 2.015% stake or 60.88 lakh equity shares in the country's largest car maker via open market transactions. With this, LIC's stake in the company reduced to 4.2%, down from 6.22% earlier.
Bharat Dynamics: LIC reduces stake in Bharat Dynamics by 2%. Life Insurance Corporation of India has offloaded 2% equity stake in the company via open market transactions. With this, LIC's shareholding in the company declined to 4.4%, down from 6.4% earlier.
Bharat Dynamics: Life Insurance Corporation of India has offloaded 2% equity stake in the company via open market transactions. With this, LIC's shareholding in the company declined to 4.4%, down from 6.4% earlier.
Petronet LNG: Petronet LNG Q1 profit grows 8.2% YoY to Rs 724.84 crore impacted by higher input cost. Revenue surges 66%. The company reported a 8.2% year-on-year increase in consolidated profit at Rs 724.84 crore for the quarter ended June FY23, impacted by higher input cost. Revenue surged 66% to Rs 14,263.8 crore compared to year-ago period.
Petronet LNG: The company reported a 8.2% year-on-year increase in consolidated profit at Rs 724.84 crore for the quarter ended June FY23, impacted by higher input cost. Revenue surged 66% to Rs 14,263.8 crore compared to year-ago period.
SJVN: SJVN bags 200 MW solar project at Rs 2.90 per unit on build own and operate basis. The company has bagged the full quoted capacity of 200 MW solar project at Rs 2.90 per unit on build own and operate (BOO) basis through e-RA conducted on August 4. The power purchase agreement shall be executed after issuance of letter of intent from Maharashtra State Electricity Distribution Company Limited (MSEDCL). The ground mounted solar project shall be developed by SJVN anywhere in Maharashtra through EPC contract.
SJVN: The company has bagged the full quoted capacity of 200 MW solar project at Rs 2.90 per unit on build own and operate (BOO) basis through e-RA conducted on August 4. The power purchase agreement shall be executed after issuance of letter of intent from Maharashtra State Electricity Distribution Company Limited (MSEDCL). The ground mounted solar project shall be developed by SJVN anywhere in Maharashtra through EPC contract.
Ahluwalia Contracts (India): Ahluwalia Contracts bags order for construction of IISc Medical School worth Rs 220 crore in Bangalore. The company has secured new order from IISc Medical School Foundation, Bangalore for construction of IISc Medical School worth of Rs 220 crore. The order inflow during the FY23 stands at Rs 2,352.13 crore, till date.
Ahluwalia Contracts (India): The company has secured new order from IISc Medical School Foundation, Bangalore for construction of IISc Medical School worth of Rs 220 crore. The order inflow during the FY23 stands at Rs 2,352.13 crore, till date.
NMDC: NMDC reports 54% YoY decline in Q1 consolidated profit at Rs 1,468 crore impacted by lower topline. Revenue falls 27%. The company clocked a 54% year-on-year decline in consolidated profit at Rs 1,467.65 crore for the quarter ended June FY23, impacted by lower topline. Revenue from operations fell 27% to Rs 4,767 crore compared to year-ago period.
NMDC: The company clocked a 54% year-on-year decline in consolidated profit at Rs 1,467.65 crore for the quarter ended June FY23, impacted by lower topline. Revenue from operations fell 27% to Rs 4,767 crore compared to year-ago period.
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first published: Aug 8, 2022 06:52 am
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