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Stocks to Watch Today | HDFC, Vedanta, Dr Reddy's Labs and others in news today

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

July 29, 2022 / 07:01 AM IST
Results on July 29: HDFC to be in focus ahead of June quarter earnings on July 29. HDFC, NTPC, Sun Pharma, Cipla, Indian Oil Corporation, Ashok Leyland, DLF, Emami, Exide Industries, Nazara Technologies, Piramal Enterprises, CARE Ratings, CarTrade Tech, Cholamandalam Investment, CreditAccess Grameen, Deepak Fertilisers, Easy Trip Planners, 3i Infotech, Great Eastern Shipping, GMR Infrastructure, Godrej Agrovet, Heritage Foods, JK Paper, Mahindra Logistics, Metro Brands, Rain Industries, Route Mobile, Strides Pharma Science, Star Health and Allied Insurance Company, Torrent Pharmaceuticals, VST Industries, and Zydus Wellness will be in focus ahead of June quarter earnings on July 29. Results on July 30: Bank of Baroda to be in focus ahead of June quarter earnings on July 30. Bank of Baroda, DCB Bank, Godfrey Phillips India, IDFC First Bank, Indian Bank, Multi Commodity Exchange of India, Mahindra Holidays & Resorts India, and Venus Remedies will be in focus ahead of June quarter earnings on July 30.
Results on July 29: HDFC to be in focus ahead of June quarter earnings scheduled to be announced today. HDFC, NTPC, Sun Pharma, Cipla, Indian Oil Corporation, Ashok Leyland, DLF, Emami, Exide Industries, Nazara Technologies, Piramal Enterprises, CARE Ratings, CarTrade Tech, Cholamandalam Investment, CreditAccess Grameen, Deepak Fertilisers, Easy Trip Planners, 3i Infotech, Great Eastern Shipping, GMR Infrastructure, Godrej Agrovet, Heritage Foods, JK Paper, Mahindra Logistics, Metro Brands, Rain Industries, Route Mobile, Strides Pharma Science, Star Health and Allied Insurance Company, Torrent Pharmaceuticals, VST Industries, and Zydus Wellness will declare their June quarter earnings on July 29.
Results on July 30: Bank of Baroda to be in focus as the lender is expected to announced its June quarter earnings tomorrow. Bank of Baroda, DCB Bank, Godfrey Phillips India, IDFC First Bank, Indian Bank, Multi Commodity Exchange of India, Mahindra Holidays & Resorts India, and Venus Remedies will declare their results for the quarter ended in June on July 30.
Dr Reddy's Laboratories: Dr Reddy's Labs Q1 profit jumps 108% YoY to Rs 1,187.6 crore on healthy operating performance, higher other income. Revenue up 6%. The pharma company recorded a 108% year-on-year growth in consolidated profit at Rs 1,187.60 crore for the quarter ended June 2022, backed by healthy operating performance and higher other income. Revenue grew by 6% YoY to Rs 5,215.40 crore in Q1FY23 due to tepid growth in North America and Europe but India growth was strong at 26% YoY.
Dr Reddy's Laboratories: The pharma company recorded a 108 percent year-on-year growth in consolidated profit at Rs 1,187.60 crore for the quarter ended June 2022, backed by healthy operating performance and higher other income. Revenue grew 6 percent YoY to Rs 5,215.40 crore in Q1FY23 due to tepid growth in North America and Europe but India growth was strong at 26 percent YoY.
Jubilant FoodWorks: Jubilant FoodWorks acquires 40% stake in Roadcast Tech Solutions for Rs 14.98 crore. The company acquired 40% stake in Roadcast Tech Solutions Private Limited that offers a logistics platform for management of last-mile delivery operations. The acquisition cost is Rs 14.98 crore for 40% stake.
Jubilant FoodWorks: The company acquired 40 percent stake in Roadcast Tech Solutions Private Limited that offers a logistics platform for management of last-mile delivery operations. The acquisition cost is Rs 14.98 crore for 40 percent stake.
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Indus Towers: Bimal Dayal has resigned as managing director and chief executive of the company. He has decided to pursue opportunities outside Indus Towers.
TVS Motor Company: TVS Motor Company reports Q1 profit at Rs 296.75 crore, revenue grows 56% YoY to Rs 7,315.70 crore. The two-and-three-wheeler maker reported consolidated profit at Rs 296.75 crore for the quarter ended June 2022, against loss of Rs 14.72 crore in same period last year, supported by top line and operating performance. Q1FY22 performance was affected by second Covid wave. Revenue grew by 56% YoY to Rs 7,315.70 crore in Q1FY23. The board has approved the issue of non – convertible debentures (NCDs) aggregating upto Rs 125 crore on a private placement basis.
TVS Motor Company: The two-and-three-wheeler maker reported consolidated profit at Rs 296.75 crore for the quarter ended June 2022, as against a loss of Rs 14.72 crore in same period last year, supported by top line and operating performance. The Q1FY22 performance was affected by second Covid wave. Revenue grew 56 percent on-year to Rs 7,315.70 crore in Q1FY23. The board has approved the issuing of non–convertible debentures (NCDs) aggregating up to Rs 125 crore on a private placement basis.
Chalet Hotels: Chalet Hotels receives contract from DIAL to develop hotel at T3 Terminal of Indira Gandhi International Airport. The company has received contract from Delhi International Airport Limited (DIAL) to develop a hotel at the T3 Terminal of Indira Gandhi International Airport (IGIA). With this, Chalet will enter the northern India market. The upcoming terminal hotel will be company's 9th hospitality property in the country and first in northern India. The hotel will have ~350-400 rooms positioned in the 5-star deluxe space. The hotel is expected to be commissioned in FY26 or earlier. Chalet posted consolidated profit of Rs 28.5 crore for the quarter ended June 2022, against loss of Rs 41.66 crore in year-ago period due to second Covid wave. Revenue from operations grew by 275.2% to Rs 253 crore during the same period.
Chalet Hotels: The company has received contract from Delhi International Airport Limited (DIAL) to develop a hotel at the T3 Terminal of Indira Gandhi International Airport (IGIA). With this, Chalet will enter the northern India market. The upcoming terminal hotel will be company's 9th hospitality property in the country and first in northern India. The hotel will have ~350-400 rooms positioned in the 5-star deluxe space. The hotel is expected to be commissioned in FY26 or earlier. Chalet posted a consolidated profit of Rs 28.5 crore for the quarter ended June 2022, against a loss of Rs 41.66 crore in year-ago period due to second Covid wave. Revenue from operations grew by 275.2% to Rs 253 crore during the same period.
SBI Life Insurance Company: SBI Life Q1 profit jumps 18% YoY to Rs 263 crore, net premium income grows 33% YoY to Rs 11,036 crore. The life insurance company recorded a 17.78% year-on-year growth in profit at Rs 262.85 crore for the quarter ended June 2022. Net premium income grew significantly by 32.76% YoY to Rs 11,036 crore compared to corresponding period of last fiscal, but the income from investments came in at negative Rs 6,405.66 crore for the June FY23 quarter against income of Rs 7,409.91 crore YoY.
SBI Life Insurance Company: The life insurance company recorded a 17.78 percent year-on-year growth in profit at Rs 262.85 crore for the quarter ended June 2022. Net premium income grew significantly by 32.76 percent YoY to Rs 11,036 crore compared to corresponding period of last fiscal, but the income from investments came in at negative Rs 6,405.66 crore for the June FY23 quarter against income of Rs 7,409.91 crore YoY.
Vedanta: Vedanta Q1 profit rises 6% to Rs 5,593 crore impacted by higher input cost, power & fuel cost. Revenue grows 35% YoY. The company recorded 6% year-on-year increase in consolidated profit at Rs 5,593 crore for the quarter ended June 2022, impacted by higher input cost and power & fuel cost. Revenue grew by 35% YoY to Rs 39,355 crore during the same period.
Vedanta: The company recorded a 6 percent year-on-year increase in consolidated profit at Rs 5,593 crore for the quarter ended June 2022, impacted by higher input cost and power and fuel costs. Revenue grew by 35 percent YoY to Rs 39,355 crore during the same period.
RITES: RITES Q1 profit jumps 86% YoY to Rs 145 crore, revenue grows 69% to Rs 637 crore. The transport infrastructure consultancy and engineering firm recorded a 85.8% YoY increase in profit at Rs 145 crore for the quarter ended June 2022 and revenue grew by 68.8% to Rs 637 crore during the same period. RITES declared interim dividend of Rs 4 per share.
RITES: The transport infrastructure consultancy and engineering firm recorded an 85.8 percent YoY increase in profit at Rs 145 crore for the quarter ended June 2022 and revenue grew 68.8 percent to Rs 637 crore during the same period. RITES declared interim dividend of Rs 4 per share.
KFC Sapphire Foods
Sapphire Foods India: Nippon Life India Trustee bought 21.23 lakh equity shares or 3.34 percent stake in the company via open market transactions during January 7-July 26. With this, its shareholding in Sapphire increased to 5.03 percent, up from 1.69 percent earlier.
Motilal Oswal Financial Services: Motilal Oswal Financial Services Q1 profit falls 86% to Rs 31.26 crore, revenue declines 16% YoY to Rs 753 crore. The company recorded a 85.85% year-on-year fall in consolidated profit at Rs 31.26 crore for the June FY23 quarter, against Rs 221 crore in same period last year, impacted by lower top line. Revenue fell by 16% YoY to Rs 753 crore during the same period as there was loss of Rs 158 crore on fair value change against gain of Rs 106 crore YoY. Even employee cost also increased by 26.3% to Rs 232.2 crore YoY, though 80% YoY drop in impairment on financial instruments to Rs 8.55 crore supported bottom line.
Motilal Oswal Financial Services: The company recorded a 85.85 percent year-on-year fall in consolidated profit at Rs 31.26 crore for the June FY23 quarter, against Rs 221 crore in same period last year, impacted by lower top line. Revenue fell by 16 percent YoY to Rs 753 crore during the same period as there was loss of Rs 158 crore on fair value change against gain of Rs 106 crore YoY. Even employee cost also increased by 26.3 percent to Rs 232.2 crore YoY, though 80 percent YoY drop in impairment on financial instruments to Rs 8.55 crore supported bottomline.
Laxmi Organic Industries
Laxmi Organic Industries: The company reported a 36.6 percent year-on-year decline in consolidated profit at Rs 64.88 crore in quarter ended June 2022, impacted by tepid growth in top line and 30 percent fall in operating profit. Revenue grew by 2.75 percent YoY to Rs 756.61 crore for June FY23 quarter, while there was a 103.4 percent increase in other expenses and 10.5 percent rise in raw material cost for the quarter.
GMM Pfaudler: GMM Pfaudler reports Q1 profit at Rs 61.47 crore on higher topline and other income; to acquire Italian company. The company clocked a consolidated profit at Rs 61.47 crore in quarter ended June 2022, against loss of Rs 18.4 crore in same period last year, supported by higher topline, other income and operating income. Revenue grew by 34% YoY to Rs 739.24 crore in Q1FY23 on the back of strong execution. The company has signed agreement to acquire 100% stake in Hydro Air Research Italia S.r.l., based in Italy, for Rs 38.24 crore. The transaction is funded through internal accruals and expected to be completed in August 2022.
GMM Pfaudler: The company clocked a consolidated profit at Rs 61.47 crore in quarter ended June 2022, against loss of Rs 18.4 crore in same period last year, supported by higher topline, other income and operating income. Revenue grew by 34 percent YoY to Rs 739.24 crore in Q1FY23 on the back of strong execution. The company has signed agreement to acquire 100 percent stake in Hydro Air Research Italia Srl, based in Italy, for Rs 38.24 crore. The transaction is funded through internal accruals and expected to be completed in August 2022.
Oriental Hotels: Oriental Hotels clocks profit at Rs 11.09 crore in Q1. Revenue grows 256% YoY to Rs 90.57 crore. The company reported profit at Rs 11.09 crore in the quarter ended June 2022, against loss of Rs 16.83 crore in Q1FY22. In year-ago quarter, profit was affected by second Covid wave. Revenue grew by 256% YoY to Rs 90.57 crore in Q1FY23 and EBITDA was positive at Rs 26.83 crore in June FY23 quarter against EBITDA loss of Rs 11.77 crore in June FY22 quarter. In a statement to bourses, the conglomerate said that RIL’s arm Reliance Industrial Investments and Holdings Limited (RIIHL), has entered into an agreement to acquire the entire issued share capital of Columbus Centre Corporation (Cayman), a company incorporated in the Cayman Islands and the indirect owner of a 73.37% stake in Mandarin Oriental New York. This acquisition is a part of RIL’s strategy to expand its consumer and hospitality footprin he closing of the transaction is anticipated to occur by the end of March 2022 and is subject to certain customary regulatory and other approvals and the satisfaction of certain other conditions
Oriental Hotels: The company reported profit at Rs 11.09 crore in the quarter ended June 2022, against loss of Rs 16.83 crore in Q1FY22. In year-ago quarter, profit was affected by second Covid wave. Revenue grew by 256% YoY to Rs 90.57 crore in Q1FY23 and EBITDA was positive at Rs 26.83 crore in June FY23 quarter against EBITDA loss of Rs 11.77 crore in June FY22 quarter.
Ajanta Pharma: Ajanta Pharma Q1 profit grows marginally to Rs 175 crore on tepid growth in EBITDA. Revenue jumps 27% to Rs 951 crore YoY. The pharma company posted profit after tax of Rs 175 crore in the quarter ended June 2022 against Rs 174 crore in same period last year due to tepid growth in operating profit. Revenue from operations grew by 27% to Rs 951 crore compared to year-ago period and EBITDA increased 0.9% YoY to Rs 222 crore in same period.
Ajanta Pharma: The pharma company posted profit after tax of Rs 175 crore in the quarter ended June 2022 against Rs 174 crore in same period last year due to tepid growth in operating profit. Revenue from operations grew by 27% to Rs 951 crore compared to year-ago period and EBITDA increased 0.9 percent YoY to Rs 222 crore in same period.
IIFL Securities: IIFL Securities Q1 profit falls 37% YoY to Rs 43 crore on lower other income, total income grows 10% to Rs 295 crore. The company reported a 37% YoY decline in profit after tax at Rs 43 crore on lower other income and tepid operating performance. Total income at Rs 295 crore grew by 10 percent and assets under management and custody at Rs 1,11,201 crore grew by 103% YoY in Q1FY23.
IIFL Securities: The company reported a 37 percent YoY decline in profit after tax at Rs 43 crore on lower other income and tepid operating performance. Total income at Rs 295 crore grew by 10 percent and assets under management and custody at Rs 1,11,201 crore grew by 103 percent YoY in Q1FY23.
Nippon Life India Asset Management: Nippon Life India Asset Management Q1 profit falls 37% YoY to Rs 114 crore impacted by negative other income. The company recorded a 37% YoY decline in consolidated profit at Rs 114 crore for the quarter ended June 2022 impacted by negative other income and weak operating performance. Revenue grew by 4.6% YoY to Rs 316.10 crore during the same period.
Nippon Life India Asset Management: The company recorded a 37 percent YoY decline in consolidated profit at Rs 114 crore for the quarter ended June 2022 impacted by negative other income and weak operating performance. Revenue grew by 4.6 percent YoY to Rs 316.10 crore during the same period.
Sona BLW Precision Forgings: Sona Comstar Q1 profit grows 5% to Rs 76 crore, revenue increases 18% to Rs 589 crore YoY. The auto ancillary company reported a 5% YoY growth in profit at Rs 76 crore and 18% growth in top line at Rs 589 crore. The net order book increased to Rs 20,500 crore in Q1FY23, from Rs 18,600 crore as of March 2022.
Sona BLW Precision Forgings: The auto ancillary company reported a 5 percent YoY growth in profit at Rs 76 crore and 18% growth in top line at Rs 589 crore. The net order book increased to Rs 20,500 crore in Q1FY23, from Rs 18,600 crore as of March 2022.
Moneycontrol News
first published: Jul 29, 2022 07:01 am
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