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Stocks to Watch Today | JSPL, ACC, Tata Elxsi, and others in news today

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

July 15, 2022 / 09:18 AM IST
Results on July 15: Jindal Steel & Power, Federal Bank, Aditya Birla Money, Deep Diamond India, Den Networks, Integrated Capital Services, Just Dial, Kesoram Industries, Lloyds Metals and Energy, L&T Technology Services, Oberoi Realty, and Opto Circuits (India) will be in focus ahead of quarterly earnings on July 15 while HDFC Bank, Bharat Electronics, ICICI Prudential Life Insurance Company, Netlink Solutions, Pil Italica Lifestyle, and Welcure Drugs & Pharmaceuticals will be in focus ahead of quarterly earnings on July 16.
Results on July 15: Jindal Steel & Power, Federal Bank, Aditya Birla Money, Deep Diamond India, Den Networks, Integrated Capital Services, Just Dial, Kesoram Industries, Lloyds Metals and Energy, L&T Technology Services, Oberoi Realty, and Opto Circuits (India) will be in focus ahead of quarterly earnings on July 15 while HDFC Bank, Bharat Electronics, ICICI Prudential Life Insurance Company, Netlink Solutions, Pil Italica Lifestyle, and Welcure Drugs & Pharmaceuticals will be in focus ahead of their quarterly earnings are out on July 16.
ACC: ACC Q2 profit falls 60% to Rs 227 crore on rising global fuel cost. The cement company reported a 60% YoY decline in consolidated profit at Rs 227 crore in quarter ended June 2022 dented by rising global fuel costs and related inflationary impacts. EBITDA fell 51% YoY to Rs 426 crore and margin declined by 1,310 bps to 9.7% in Q2CY22. Revenue increased by 15% YoY to Rs 4,393 crore with cement sales volumes up 10.5% at 7.56 million tonnes and ready mix concrete sales volumes up 43.1% at 0.83 million cubic meters.
ACC: The cement company reported a 60 percent on-year decline in consolidated profit at Rs 227 crore in quarter ended June 2022 dented by rising global fuel costs and related inflationary impacts. EBITDA fell 51 percent YoY to Rs 426 crore and margin declined by 1,310 bps to 9.7 percent in Q2CY22. Revenue increased by 15 percent YoY to Rs 4,393 crore with cement sales volumes up 10.5 percent at 7.56 million tonnes and ready mix concrete sales volumes up 43.1 percent at 0.83 million cubic metres.
Cipla: Cipla Health signs agreement to acquire Endura Mass. Subsidiary Cipla Health has signed definitive agreements for acquisition of Endura Mass, a nutritional supplement brand in the category of weight gain from Medinnbelle Herbalcare Private Limited. Endura and all other associated trademarks would be part of the acquisition.
Cipla: Subsidiary Cipla Health has signed definitive agreements for acquisition of Endura Mass, a nutritional supplement brand in the category of weight gain from Medinnbelle Herbalcare Private Limited. Endura and all other associated trademarks would be part of the acquisition.
GTPL Hathway: GTPL Hathway Q1 profit falls 9% but revenue grows 5% to Rs 630.9 crore. The company has reported nearly 9% YoY decline in consolidated profit at Rs 43.25 crore in quarter ended June 2022, but revenue increased nearly 5% to Rs 630.9 crore in the same period with subscription revenue rising 3% YoY to Rs 272.7 crore and broadband revenue up 24% YoY to Rs 113.9 crore.
GTPL Hathway: The company has reported nearly 9 percent YoY decline in consolidated profit at Rs 43.25 crore in quarter ended June 2022, but revenue increased nearly 5 percent to Rs 630.9 crore in the same period with subscription revenue rising 3 percent YoY to Rs 272.7 crore and broadband revenue up 24 percent YoY to Rs 113.9 crore.
Tata Elxsi: Tata Elxsi delivers 63% profit growth, revenue grows 30% in Q1. The company clocked a robust 63% year-on-year growth in profit at Rs 184.7 crore for quarter ended June 2022 on strong operating profit and topline growth. Revenues from operations at Rs 725.9 crore grew by 30% YoY and EBITDA increased 58.8% YoY to 238.2 crore in Q1FY23.
Tata Elxsi: The company clocked a robust 63 percent year-on-year growth in profit at Rs 184.7 crore for quarter ended June 2022 on strong operating profit and topline growth. Revenues from operations at Rs 725.9 crore grew by 30 percent YoY and EBITDA increased 58.8 percent YoY to 238.2 crore in Q1FY23.
Syngene International: Syngene signs 10-year biologics manufacturing agreement with US-based animal health company Zoetis. The company has signed 10-year biologics manufacturing agreement with leading animal health company, Zoetis. It will manufacture the drug substance for Librela (bedinvetmab), a monoclonal antibody used for treating osteoarthritis in dogs. Syngene's collaboration with Zoetis has started in 2011.
Syngene International: The company has signed 10-year biologics manufacturing agreement with leading animal health company, Zoetis. It will manufacture the drug substance for Librela (bedinvetmab), a monoclonal antibody used for treating osteoarthritis in dogs. Syngene's collaboration with Zoetis has started in 2011.
Angel One: Angel One reports 46.5% YoY growth in profit on healthy topline. The stock broking company has reported a healthy 46.5% year-on-year growth in consolidated profit at Rs 181.50 crore for the quarter ended June 2022, backed by strong topline. Revenue grew by 45 percent YoY to Rs 669.8 crore in Q1FY23 with healthy growth in fees & commission income, and interest income.
Angel One: The stock broking company has reported a healthy 46.5 percent year-on-year growth in consolidated profit at Rs 181.50 crore for the quarter ended June 2022, backed by strong topline. Revenue grew by 45 percent YoY to Rs 669.8 crore in Q1FY23 with healthy growth in fees and commission income, and interest income.
Tata Steel Long Products: Tata Steel Long Products posts Q1 loss at Rs 331 crore on weak operating performance. The company posted loss of Rs 331 crore in the quarter ended June 2022 against profit of Rs 331.6 crore impacted by loss at operating level due to higher raw material cost and finance cost. However, revenue increased by 18.2% YoY to Rs 1,994 crore in Q1FY23.
Tata Steel Long Products: The company posted loss of Rs 331 crore in the quarter ended June 2022 against profit of Rs 331.6 crore impacted by loss at operating level due to higher raw material cost and finance cost. However, revenue increased by 18.2 percent YoY to Rs 1,994 crore in Q1FY23.
Moneycontrol News
first published: Jul 15, 2022 07:07 am
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