Asian stocks were mixed on Wednesday, with Japan's Nikkei 225 up 0.21% while South Korea's Kospi and Australia's S&P/ASX 200 unchanged. Hang Seng futures declined 0.13%.
US stocks fluctuated and bond yields rose after Federal Reserve Chair Jerome Powell reiterated the central bank is in no rush to cut rates.
The S&P 500 was little changed while the Dow Jones Industrial Average rose 0.28%. The Nasdaq Composite dropped 0.36%. The 0.3%.
The Indian equity benchmark indices closed lower, taking the steepest fall in three weeks.
The NSE Nifty 50 ended 309.80 points, or 1.32% down at 23,071.80, and the 30-stock BSE Sensex ended 1,015.25 points, or 1.31% lower at 76,296.55.
Foreign portfolio investors stayed net sellers of Indian equities for the fifth straight session on Tuesday as they offloaded stocks worth approximately Rs 4,486 crore.
Domestic institutional investors stayed net buyers for the fifth straight session as they mopped up equities worth Rs 4,002 crore, according to provisional data from the National Stock Exchange.
The rupee closed stronger against the US dollar on Tuesday. The domestic currency strengthened by 65 paise to close at 86.83 against the US dollar.
Earnings Post Market Hours
Birlasoft Q3 Highlights (Consolidated, QoQ)
Revenue down 0.4% to Rs 1,362.70 crore versus Rs 1,368.22 crore.
Ebitda down 1% to Rs 142.16 crore versus Rs 143.12 crore.
Ebitda margin at 10.4% versus 10.5%.
Net profit down 8% to Rs 116.94 crore versus Rs 127 crore.
Vodafone Idea Q3 (Consolidated, QoQ)
Revenue up 1.69% to Rs 11,117 crore versus Rs 10,932 crore.
Ebitda up 3.58% to Rs 4,713 crore versus Rs 4,550 crore.
Ebitda margin up 77 bps to 42.39% versus 41.62%.
Net loss reduced to Rs 6,609 crore versus loss of Rs 7,175 crore.
AstraZeneca Pharma India Q3 Highlights (Consolidated, YoY)
Revenue up 44% to Rs 440 crore versus Rs 306 crore.
Ebitda up to Rs 77 crore versus Rs 15 crore.
Ebitda margin at 17.5% versus 4.9%.
Net profit up 95% to Rs 31 crore versus Rs 16 crore.
Exceptional expense of Rs 33.5 crore for employee separation cost due to restructuring of the Biopharmaceuticals Business Unit.
Berger Paints Q3 (Consolidated, YoY)
Revenue up 3.26% to Rs 2,975 crore versus Rs 2,881 crore.
Ebitda down 1.66% to Rs 472 crore versus Rs 480 crore.
Ebitda margin down 79 bps to 15.86% versus 16.66%.
Net profit down 1.66% to Rs 295 crore versus Rs 300 crore.
IRCTC Q3 Highlights (Consolidated, YoY)
Revenue up 9.8% to Rs 1,224.66 crore versus Rs 1,115.48 crore.
Ebitda up 6% to Rs 416.57 crore versus Rs 393.97 crore.
Ebitda margin at 34% versus 35.3%.
Net profit up 14% to Rs 341.09 crore versus Rs 300 crore.
Time Technoplast Q3 Highlights (Consolidated, YoY)
Net profit up 10% to Rs 101 crore versus Rs 91.6 crore.
Revenue up 4.8% to Rs 1,388 crore versus Rs 1,325 crore.
Ebitda up 5.3% to Rs 201 crore versus Rs 191 crore.
Ebitda margin at 14.5% versus 14.4%.
Technocraft Industries Q3 Highlights (Consolidated, YoY)
Net profit down 30.3% to Rs 40.6 crore versus Rs 58.3 crore.
Revenue up 25.7% to Rs 644 crore versus Rs 513 crore.
Ebitda up 12.8% to Rs 92.4 crore versus Rs 82 crore.
Ebitda margin at 14.3% versus 16%.
NBCC (India) Q3 Highlights (Consolidated, YoY)
Revenue up 16.6% to Rs 2,826.96 crore versus Rs 2,423.52 crore.
Ebitda up 21% to Rs 142.45 crore versus Rs 117.32 crore.
Ebitda margin at 5% versus 4.8%.
Net profit up 25% to Rs 138.48 crore versus Rs 110.74 crore.
Exceptional item of Rs 22.52 crore in the corresponding quarter.
Kirloskar Oil Engines Q3 Highlights (Consolidated, YoY)
Revenue up 4.5% to Rs 1,453.70 crore versus Rs 1,391.30 crore.
Ebitda down 1% to Rs 254.75 crore versus Rs 258.03 crore.
Ebitda margin at 17.5% versus 18.5%.
Net profit down 21% to Rs 71.30 crore versus Rs 89.82 crore.
EID Parry Q3 Highlights (Consolidated, YoY)
Revenue up 12.2% to Rs 8,720.35 crore versus Rs 7,770.14 crore.
Ebitda up 67% to Rs 702.08 crore versus Rs 420.98 crore.
Ebitda margin at 8.1% versus 5.4%.
Net profit up 65% to Rs 194.87 crore versus Rs 118.23 crore.
Ahluwalia Contracts (India) Q3 Highlights (Consolidated, YoY)
Revenue down 7.3% to Rs 951.96 crore versus Rs 1,026.48 crore.
Ebitda down 25% to Rs 84.43 crore versus Rs 111.84 crore.
Ebitda margin at 8.9% versus 10.9%.
Net profit down 30% to Rs 49.51 crore versus Rs 70.24 crore.
Kolte-Patil Developers Q3 Highlights (Consolidated, YoY)
Revenue surged to Rs 349.67 crore from Rs 75.79 crore.
Ebitda at Rs 25.55 crore versus an Ebitda loss of Rs 36.65 crore.
Ebitda margin at 7.3%.
Net profit at Rs 25.30 crore versus a loss of Rs 62.89 crore.
EPL Q3 Highlights (Consolidated, YoY)
Revenue up 4% to Rs 1,014.30 crore versus Rs 975.10 crore.
Ebitda up 10% to Rs 201.60 crore versus Rs 183.40 crore.
Ebitda margin at 19.9% versus 18.8%.
Net profit up 9% to Rs 93.50 crore versus Rs 86.10 crore.
HEG Q3 Highlights (Consolidated, YoY)
Revenue down 14.9% to Rs 478.38 crore versus Rs 562.40 crore.
Ebitda down 8% to Rs 79.86 crore versus Rs 86.64 crore.
Ebitda margin at 16.7% versus 15.4%.
Net profit up 91% to Rs 83.40 crore versus Rs 43.67 crore.
Bayer Crop Science Q3 Highlights (YoY)
Revenue up 10.7% to Rs 1,057 crore versus Rs 955 crore.
Ebitda down 84.6% to Rs 19.7 crore versus Rs 128 crore.
Ebitda margin at 1.9% versus 13.4%.
Net profit down 63.3% to Rs 34.2 crore versus Rs 93.1 crore.
EIH Q3 Highlights (Consolidated, YoY)
Revenue up 7.9% to Rs 800.17 crore versus Rs 741.26 crore.
Ebitda up 10% to Rs 356.76 crore versus Rs 324.39 crore.
Ebitda margin at 44.6% versus 43.8%.
Net profit up 21% to Rs 264.45 crore versus Rs 219.30 crore.
Awfis Space Solutions Q3 Highlights (Consolidated, YoY)
Revenue up 44% to Rs 317.72 crore versus Rs 220.64 crore.
Ebitda up 59% to Rs 107.27 crore versus Rs 67.43 crore.
Ebitda margin at 33.8% versus 30.6%.
Net profit at Rs 15.10 crore versus a loss of Rs 6.29 crore.
Huhtamaki India Q3 Highlights (YoY)
Revenue up 2.5% to Rs 619.11 crore versus Rs 603.73 crore.
Ebitda down 55% to Rs 26.24 crore versus Rs 57.72 crore.
Ebitda margin at 4.2% versus 9.6%.
Net profit down 96% to Rs 11.69 crore versus Rs 327.42 crore.
Gujarat Alkalies Q3 Highlights (Consolidated, YoY)
Revenue up 11.8% to Rs 1,029.41 crore versus Rs 920.90 crore.
Ebitda at Rs 98 crore versus Rs 7.28 crore.
Ebitda margin at 9.5% versus 0.8%.
Net loss narrows to Rs 11.23 crore versus a loss of Rs 115.12 crore.
Ashiana Housing Q3 Highlights (Consolidated, YoY)
Net profit down 61% to Rs 10.89 crore versus Rs 27.80 crore.
Total income down 26.1% to Rs 139.93 crore versus Rs 189.25 crore.
SAIL Q3 FY25 Earnings Highlights (Consolidated, YoY)
Revenue up 4.9% to Rs 24,490 crore versus Rs 23,349 crore.
Ebitda down 5.2% to Rs 2,030 crore versus Rs 2,142 crore.
Ebitda margin contracts 90 bps to 8.3% versus 9.2%.
Net profit declines 66.4% to Rs 142 crore versus Rs 423 crore.
Steel Authority of India Q3 FY25 Earnings Highlights (Standalone, YoY)
Revenue up 4.9% to Rs 24,489 crore versus Rs 23,345 crore.
Ebitda down 5.42% to Rs 2,024 crore versus Rs 2,140 crore.
Ebitda margin down 90 bps to 8.26% versus 9.16%.
Net profit down 61.93% to Rs 126 crore versus Rs 331 crore.
MOIL Q3 Highlights (YoY)
Revenue up 19.8% to Rs 366.82 crore versus Rs 306.31 crore.
Ebitda up 6% to Rs 95.16 crore versus Rs 89.44 crore.
Ebitda margin at 25.9% versus 29.2%.
Net profit up 18% to Rs 63.68 crore versus Rs 54.10 crore.
Earnings To Watch
Aegis Logistics, Ashok Leyland, Bajaj Consumer Care, Bajaj Hindusthan Sugar, Balaji Amines, Bombay Burmah Trading Corp, Bharat Forge, Carysil, Crompton Greaves Consumer Electricals, Valor Estate, Dollar Industries, Endurance Technologies, Entero Healthcare Solutions, Fineotex Chemical, FDC, FIEM Industries, Finolex Cables, Globus Spirits, Godrej Industries, Godawari Power & Ispat, Graphite India, HAL, Hi-Tech Pipes, Honasa Consumer, IIFL Finance, Indian Hume Pipe, IOL Chemicals & Pharmaceuticals, ITD Cementation, Jindal Worldwide, Jubilant FoodWorks, Kirloskar Brothers, Krsnaa Diagnostics, Kaveri Seed, Landmark Cars, Man Industries, Muthoot Finance, Natco Pharma, Orchid Pharma, Patel Engineering, Power Finance Corporation, Procter & Gamble Health, P N Gadgil Jewellers, Precision Camshafts, Precision Wires, Premier Explosives, PTC India, Ratnamani Metals & Tubes, RCF, Redtape, Repco Home Finance, RVNL, Sandhar Technologies, SH Kelkar and Company, Shriram Properties, Siemens, SKF India, SMS Pharmaceuticals, Suprajit Engineering, Suven Pharmaceuticals, TBO TEK, TVS Srichakra, Ventive Hospitality, Vijaya Diagnostic Centre.
Stocks To Watch
TVS Motor Co.: The company has signed a memorandum of understanding with the Karnataka government to invest Rs 2,000 crore in the state. It will set up a global capability centre in Karnataka.
H.G. Infra Engineering: The company jointly with D.E.C. Infrastructure and Projects received the letter of acceptance from Rail Land Development Authority for a project worth Rs 2,469 crore.
Hatsun Agro Product: The company has completed the acquisition of a proposed stake in Milk Mantra Dairy. Post acquisition, it will hold 98.4% stake in Milk Mantra Dairy.
Jupiter Wagons: The company has received a letter of acceptance for an order worth Rs 600 crore from Ambuja Cements and ACC. The order involves manufacturing and supplying BCFCM rakes.
BEML: The company has established a strategic partnership with STX Engine to co-develop, manufacture, and market battle tank engines, marine engines, spares, and engine components.
Bharat Heavy Electricals: The company has received an order worth Rs 6,200 crore from Damodar Valley Corp.
Happy Forgings: The company has signed a memorandum of understanding with a global manufacturer to supply heavy forged and machined components.
IPO Offerings
Ajax Engineering: The public issue was subscribed to 0.49 times on day two. The bids were led by qualified institutional investors (0.33 times), non-institutional investors (0.61 times), retail investors (0.52 times), and portion reserved for employees (1.19 times).
Hexaware Technologies: The company will offer shares for bidding on Wednesday. The price band is set from Rs 674 to Rs 708 per share. The Rs 8,750-crore IPO is entirely an offer for sale.
Bulk Deals
Sterling and Wilson Renewable Energy: Goldman Sachs Funds - Goldman Sachs India Equity Portfolio sold 34.27 lakh shares (1.46%) at Rs 282.46 apiece, Morgan Stanley Asia Singapore Pte bought 36.44 lakh shares (1.56%) at Rs 282.2 apiece.
Insider Trading
Paisalo Digital: Promoter Equilibrated Venture Cflow bought 3.92 lakh shares on Feb 11.
GPT Infraprojects: Promoter GPT Sons bought 2.13 lakh shares on Feb 7 to Feb 11.
Trading Tweaks
Price Band Change from 10% to 5%: Zaggle Prepaid Ocean Services.
Price Band Change from 20% to 10%: Tilaknagar Industries.
Ex/dividend: Man Infraconstruction, Uniparts India, UNO Minda, TCI Express, Expleo Solutions, Cochin Shipyard, Torrent Power, Hero MotoCorp, Minda Corporation, ITC.
Moved into short-term ASM framework: Carraro India, Tilaknagar Industries, Vimta Labs.
Moved out of short-term ASM framework: Apollo Micro Systems, Cartrade Tech.
F&O Cues
Nifty Feb futures down by 1.3% to 23,153 at a premium of 82 points.
Nifty Feb futures open interest up by 0.82%.
Nifty Options Feb. 13 Expiry: Maximum Call open interest at 24,000 and Maximum Put open interest at 22,500.
Securities in ban period: Manappuram Finance.
Currency Update
The rupee closed stronger against the US dollar. The domestic currency strengthened by 65 paise to close at 86.83 against the greenback.
On Tuesday, the rupee strengthened against the US dollar as the central bank stepped in to stabilise the currency, traders told NDTV Profit. The domestic currency sustained its gains from the open, moving away from the 87-mark as the day progressed.
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