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Stocks to Watch Today | Coal India, Bharti Airtel, Eicher Motors, and others in news today

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

August 10, 2022 / 08:34 AM IST
Results on August 10: Coal India, Eicher Motors, Hindalco Industries, Tata Consumer Products, IRCTC, Aarti Industries, Abbott India, Arvind Fashions, Ashoka Buildcon, CESC, Cochin Shipyard, Cummins India, Endurance Technologies, General Insurance Corporation of India, Glenmark Pharmaceuticals, Indiabulls Housing Finance, Ipca Laboratories, Indian Railway Finance Corporation, ITI, Jammu & Kashmir Bank, Jaiprakash Associates, Mazagon Dock Shipbuilders, Medplus Health Services, Metropolis Healthcare, NHPC, Oil India, Patanjali Foods, Pidilite Industries, PB Fintech, Radico Khaitan, Sadbhav Engineering, SAIL, and Zydus Lifesciences will be in focus ahead of June quarter earnings on August 10.
Results on August 10: Coal India, Eicher Motors, Hindalco Industries, Tata Consumer Products, IRCTC, Aarti Industries, Abbott India, Arvind Fashions, Ashoka Buildcon, CESC, Cochin Shipyard, Cummins India, Endurance Technologies, General Insurance Corporation of India, Glenmark Pharmaceuticals, Indiabulls Housing Finance, Ipca Laboratories, Indian Railway Finance Corporation, ITI, Jammu & Kashmir Bank, Jaiprakash Associates, Mazagon Dock Shipbuilders, Medplus Health Services, Metropolis Healthcare, NHPC, Oil India, Patanjali Foods, Pidilite Industries, PB Fintech, Radico Khaitan, Sadbhav Engineering, SAIL, and Zydus Lifesciences will be in focus as they are scheduled to declare their June quarter earnings today.
Bharti Airtel: Bharti Airtel Q1 profit surges 467% YoY to Rs 1,607 crore, revenue grows 22.2% to Rs 32,804.6 crore. The telecom operator clocked a 467% year-on-year growth in profit at Rs 1,606.9 crore for the quarter ended June FY23, with revenue growing 22.2% to Rs 32,804.6 crore and EBITDA increasing 26% to Rs 16,604.40 crore compared to year-ago period. EBITDA margin expanded by 150 bps YoY to 50.6 percent in Q1FY23. Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
Bharti Airtel: The telecom operator clocked a 467 percent year-on-year growth in profit at Rs 1,606.9 crore for the quarter ended June FY23, with revenue growing 22.2 percent to Rs 32,804.6 crore and EBITDA increasing 26 percent to Rs 16,604.40 crore compared to year-ago period. EBITDA margin expanded by 150 bps YoY to 50.6 percent in Q1FY23.
Power Grid Corporation of India: Power Grid Corporation Q1 profit falls 37% YoY to Rs 3,801 crore on high base. Revenue increases 6.7% to Rs 10,905 crore. The company reported a 37% year-on-year decline in consolidated profit at Rs 3,801 crore in June FY23 quarter on a high base. The year-ago period profit was boosted by exceptional gain. Revenue increased by 6.7% to Rs 10,905.21 crore compared to same period last fiscal.
Power Grid Corporation of India: The company reported a 37 percent year-on-year decline in consolidated profit at Rs 3,801 crore in June FY23 quarter on a high base. The year-ago period profit was boosted by exceptional gain. Revenue increased by 6.7 percent to Rs 10,905.21 crore compared to same period last fiscal.
Salzer Electronics: Salzer Electronics reports 143% YoY growth in Q1 profit at Rs 9.6 crore. Revenue grows 56% to Rs 238 crore. The company recorded a 143.5% year-on-year increase in consolidated profit at Rs 9.6 crore for the quarter ended June 2022, supported by operating as well as top line performance. Revenue grew by 56% to Rs 237.9 crore compared to year-ago period.
Salzer Electronics: The company recorded a 143.5 percent year-on-year increase in consolidated profit at Rs 9.6 crore for the quarter ended June 2022, supported by operating as well as top line performance. Revenue grew by 56 percent to Rs 237.9 crore compared to year-ago period.
Gujarat Narmada Valley Fertilizers & Chemicals: Gujarat Narmada Valley Fertilizers Q1 profit jumps 136% YoY to Rs 571 crore despite higher input cost. Revenue jumps 93%. The company clocked a 136% year-on-year growth in consolidated profit at Rs 571.43 crore for the quarter ended June FY23 despite higher input cost, aided by strong top line and operating performance. Revenue grew by 93% to Rs 2,696 crore compared to corresponding period last fiscal and operating EBITDA increased by 94% to Rs 762 crore.
Gujarat Narmada Valley Fertilizers & Chemicals: The company clocked a 136 percent year-on-year growth in consolidated profit at Rs 571.43 crore for the quarter ended June FY23 despite higher input cost, aided by strong top line and operating performance. Revenue grew by 93 percent to Rs 2,696 crore compared to corresponding period last fiscal and operating EBITDA increased by 94 percent to Rs 762 crore.
Samvardhana Motherson International: Samvardhana Motherson International Q1 profit drops 51% YoY to Rs 181.55 crore impacted by weak operating performance. Revenue up 9%. The company reported a 51% year-on-year decline in consolidated profit at Rs 181.55 crore during the quarter ended June FY23, impacted by weak operating performance. Revenue grew by 9% to Rs 17,614.4 crore compared to corresponding period last fiscal. The company said the board has approved fund raising of Rs 1,000 crore by issuing non-convertible debentures, on a private placement basis, in one or more series or tranches.
Samvardhana Motherson International: The company reported a 51 percent year-on-year decline in consolidated profit at Rs 181.55 crore during the quarter ended June FY23, impacted by weak operating performance. Revenue grew by 9 percent to Rs 17,614.4 crore, compared to corresponding period last fiscal. The company said the board has approved fund raising of Rs 1,000 crore by issuing non-convertible debentures, on a private placement basis, in one or more series or tranches.
Whirlpool of India: Whirlpool of India Q1 profit jumps 232% YoY to Rs 84.6 crore partly on low base. Revenue grows 55% to Rs 2,081 crore. The company registered a 232% year-on-year increase in consolidated profit at Rs 84.6 crore for the June FY23 quarter partly supported by low base. The Q1FY22 profit was affected by second Covid wave. Revenue grew by 55% to Rs 2,081 crore compared to same period last year.
Whirlpool of India: The company registered a 232 percent year-on-year increase in consolidated profit at Rs 84.6 crore for the June FY23 quarter partly supported by low base. The Q1FY22 profit was affected by second Covid wave. Revenue grew by 55 percent to Rs 2,081 crore compared to same period last year.
Torrent Power: Torrent Power Q1 profit jumps 142% YoY to Rs 502 crore on healthy top line, operating income. Revenue spikes 110%. The company recorded a 142% year-on-year increase in consolidated profit at Rs 502 crore in the quarter ended June FY23, led by healthy top line, operating income and other income. Revenue grew by 110% to Rs 6,510 crore compared to corresponding quarter of previous fiscal. Profitability was supported by increase in contribution from renewable generation, gain from trading of LNG, improved performance of licensed distribution businesses, and increase in contribution from franchised distribution business.
Torrent Power: The company recorded a 142 percent year-on-year increase in consolidated profit at Rs 502 crore in the quarter ended June FY23, led by healthy top line, operating income and other income. Revenue grew by 110 percent to Rs 6,510 crore compared to corresponding quarter of previous fiscal. Profitability was supported by increase in contribution from renewable generation, gain from trading of LNG, improved performance of licensed distribution businesses, and increase in contribution from franchised distribution business.
City Union Bank: City Union Bank Q1 profit jumps 30% YoY to Rs 225 crore. Net interest income grows 17.3% to Rs 525 crore. The bank reported a 30% year-on-year increase in profit at Rs 225.14 crore for the quarter ended June FY23, supported by lower provisions, and higher operating profit & other income. Net interest income grew by 17.3% to Rs 524.91 crore compared to corresponding period last fiscal.
City Union Bank: The bank reported a 30 percent year-on-year increase in profit at Rs 225.14 crore for the quarter ended June FY23, supported by lower provisions, and higher operating profit and other income. Net interest income grew by 17.3 percent to Rs 524.91 crore compared to corresponding period last fiscal.
Dhanlaxmi Bank: Dhanlaxmi Bank posts Q1 loss at Rs 26.43 crore on higher provisions for bad loans, negative other income & operating profit. The bank posted loss of Rs 26.43 crore for the quarter ended June FY23 on higher provisions for bad loans, negative other income and operating profit, against profit of Rs 6.79 crore in corresponding period last fiscal. Net interest income grew by 47.5% to Rs 117.30 crore during the same period.
Dhanlaxmi Bank: The bank posted loss of Rs 26.43 crore for the quarter ended June FY23 on higher provisions for bad loans, negative other income and operating profit, against profit of Rs 6.79 crore in corresponding period last fiscal. Net interest income grew by 47.5 percent to Rs 117.30 crore during the same period.
KRBL: KRBL reports 17% YoY growth in Q1 profit at Rs 164.5 crore aided by top line and operating performance. Revenue increases 21%. The company clocked a 17% year-on-year growth in consolidated profit at Rs 164.5 crore for the quarter ended June FY23, aided by top line and operating performance. Revenue increased by 21% to Rs 1,228.23 crore compared to same period last year.
KRBL: The company clocked a 17 percent year-on-year growth in consolidated profit at Rs 164.5 crore for the quarter ended June FY23, aided by top line and operating performance. Revenue increased by 21 percent to Rs 1,228.23 crore compared to same period last year.
Indian Hotels: Indian Hotels reports Q1 profit at Rs 181 crore against loss. Revenue jumps 267% to Rs 1,266 crore on low base. The company reported consolidated profit at Rs 180.84 crore for the quarter ended June FY23, against loss of Rs 301.58 crore impacted by second Covid wave in Q1FY22. Revenue grew by 267.5% to Rs 1,266 crore compared to year-ago period on a low base.
Indian Hotels: The company reported consolidated profit at Rs 180.84 crore for the quarter ended June FY23, against loss of Rs 301.58 crore impacted by second Covid wave in Q1FY22. Revenue grew by 267.5 percent to Rs 1,266 crore compared to year-ago period on a low base.
Varun Beverages: Varun Beverages to pick 19.20% stake in special purpose vehicle Utryan Energy Puri. The company has agreed to invest 19.20% (in one or more tranches) of equity share capital of Utryan Energy Puri Private Limited, a special purpose vehicle engaged to supply solar power to consumers in Uttar Pradesh. The special purpose vehicle is yet to begin its operations. Completion of the transaction is expected on or before November 15, 2022.
Varun Beverages: The company has agreed to invest 19.20 percent (in one or more tranches) of equity share capital of Utryan Energy Puri Private Limited, a special purpose vehicle engaged to supply solar power to consumers in Uttar Pradesh. The special purpose vehicle is yet to begin its operations. Completion of the transaction is expected on or before November 15, 2022.
AU Small Finance Bank: AU Small Finance Bank closes qualified institutional placement issue, finalises issue price. The small finance bank closed its qualified institutional placement issue on August 8 and approved the issue price of Rs 580 per share, which is at a discount of 1.83% to floor price of Rs 590.84 per share. The company also finalised the confirmation of allocation note to be sent to the eligible QIBs.
AU Small Finance Bank: The small finance bank closed its qualified institutional placement issue on August 8 and approved the issue price of Rs 580 per share, which is at a discount of 1.83 percent to floor price of Rs 590.84 per share. The company also finalised the confirmation of allocation note to be sent to the eligible QIBs.
Zensar Technologies: Amansa Holdings offloads 6.02 lakh shares in Zensar Technologies. Amansa Holdings has offloaded 6.02 lakh equity shares or 0.27% stake in the company via open market transactions. With this, its shareholding in the company reduced to 3.56%, down from 3.83% earlier.
Zensar Technologies: Amansa Holdings has offloaded 6.02 lakh equity shares or 0.27% stake in the company via open market transactions. With this, its shareholding in the company reduced to 3.56 percent from 3.83 percent earlier.
Strides Pharma Science: Strides announces completion of US FDA inspection with zero observations at Singapore facility. The US Food and Drug Administration has completed inspection of Singapore facility, with zero 483 observations. Its formulation facility at Singapore underwent a USFDA inspection that ended on August 8. US is one of the key focus markets for Strides and the company has given a growth outlook of $250 million in FY23 for the US business. The company has set a target to launch ~ 20 new products every year in the US.
Strides Pharma Science: The US Food and Drug Administration has completed inspection of Singapore facility, with zero 483 observations. Its formulation facility at Singapore underwent a USFDA inspection that ended on August 8. US is one of the key focus markets for Strides and the company has given a growth outlook of $250 million in FY23 for the US business. The company has set a target to launch 20 products every year in the US.
IRCON International: IRCON International Q1 profit jumps 63% to Rs 145 crore as revenue grows 75% and core EBITDA jumps 45.6%. The company clocked a 63% year-on-year increase in profit after tax at Rs 145 crore for the quarter ended June FY23, as revenue grew by 75% to Rs 2,002 crore and core EBITDA increased 45.6% to Rs 173 crore compared to corresponding period last fiscal, but margin fell by 176 bps to 8.62% during the same period.
IRCON International: The company clocked a 63 percent year-on-year increase in profit after tax at Rs 145 crore for the quarter ended June FY23, as revenue grew by 75 percent to Rs 2,002 crore and core EBITDA increased 45.6 percent to Rs 173 crore compared to corresponding period last fiscal, but margin fell by 176 bps to 8.62 percent during the same period.
JK Tyre & Industries: JK Tyre & Industries reports 20.4% YoY decline in Q1 profit at Rs 35 crore on higher input cost, exceptional loss. Revenue up 40%. The tyre manufacturer reported a 20.4% year-on-year decline in consolidated profit at Rs 35.13 crore for the June FY23 quarter dented by higher input cost and exceptional loss. Revenue from operations grew by 40% to Rs 3,643 crore compared to year-ago period.
JK Tyre & Industries: The tyre manufacturer reported a 20.4 percent year-on-year decline in consolidated profit at Rs 35.13 crore for the June FY23 quarter dented by higher input cost and exceptional loss. Revenue from operations grew by 40 percent to Rs 3,643 crore compared to year-ago period.
Narayana Hrudayalaya: Narayana Hrudayalaya Q1 profit jumps 45% YoY to Rs 110.6 crore. Revenue grows 20.2% to Rs 1,033.4 crore. The healthcare services provider clocked a 45% YoY growth in consolidated PAT at Rs 110.6 crore for the quarter ended June FY23. Revenue for the quarter grew by 20.2% YoY to Rs 1,033.4 crore and EBITDA increased 42.5% to Rs 200 crore compared to corresponding period last fiscal.
Narayana Hrudayalaya: The healthcare services provider clocked a 45% YoY growth in consolidated PAT at Rs 110.6 crore for the quarter ended June FY23. Revenue for the quarter grew by 20.2 percent YoY to Rs 1,033.4 crore and EBITDA increased 42.5 percent to Rs 200 crore compared to corresponding period last fiscal.
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NALCO: The aluminium company reported a 60.5 percent YoY growth in consolidated profit at Rs 558 crore for the quarter ended June FY23 driven by strong top line as well as operating performance, though power and fuel cost increased significantly. Revenue increased 53 percent YoY to Rs 3,783.32 crore in Q1FY23.
Vedant Fashions
Vedant Fashions: The company registered a 123 percent YoY growth in profit at Rs 100.87 crore for the quarter ended June FY23 on a low base. The Q1FY22 earnings were affected by second Covid wave. Revenue grew by 103 percent to Rs 325 crore compared to corresponding period last fiscal.
Dilip Buildcon: Dilip Buildcon receives Gandhisagar-2 Multi-Village water supply scheme project in Madhya Pradesh. Dilip Buildcon through joint venture Dilip Buildcon-Skyway Infraprojects has received letter of acceptance (LOA) for new project 'Gandhisagar-2 multi-village water supply scheme' in Madhya Pradesh. The order is worth Rs 1,400.04 crore.
Dilip Buildcon: Dilip Buildcon through joint venture Dilip Buildcon-Skyway Infraprojects has received letter of acceptance (LOA) for new project 'Gandhisagar-2 multi-village water supply scheme' in Madhya Pradesh. The order is worth Rs 1,400.04 crore.
Delhivery: Delhivery Q1 loss widens to Rs 399.34 crore, but revenue grows 32.5% to Rs 1,746 crore. The company posted consolidated loss at Rs 399.34 crore for the quarter ended June FY23, widening from loss of Rs 129.58 crore in same period last year on loss at operating level. Revenue grew by 32.5% to Rs 1,745.7 crore compared to same period last year.
Delhivery: The company posted consolidated loss at Rs 399.34 crore for the quarter ended June FY23, widening from loss of Rs 129.58 crore in same period last year on loss at operating level. Revenue grew by 32.5 percent to Rs 1,745.7 crore compared to same period last year.
Moneycontrol News
first published: Aug 10, 2022 08:34 am
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