Q1FY2022-23 (Consolidated figures, QoQ)Net income at Rs 337.44 crore Vs Rs 389.55 crore
Revenue at Rs 3,700.96 crore Vs. Rs 3,403.46 crore
EBITDA at Rs 500.74 crore Vs. Rs 553.78 crore
EBITDA margin at 13.54% Vs. 16.27%
Net income at Rs 337.44 crore Vs Rs 389.55 crore
Revenue at Rs 3,700.96 crore Vs. Rs 3,403.46 crore
EBITDA at Rs 500.74 crore Vs. Rs 553.78 crore
EBITDA margin at 13.54% Vs. 16.27%
Source: BSE
Rupee pared some intraday loss on suspected intervention by RBI. The Rupee volatility in past few days has been exceptionally high. So RBI had to intervene as the rupee was dropping towards its record low.Anindya Banerjee, Currency strategist, Kotak Securities (Source: Bloomberg)
June Quarter (Consolidated, YoY)Net profit at Rs 12.38 crore Vs. Rs 76.93 crore (Bloomberg Consensus Estimate: Rs 72.55 crore)
Revenue at Rs 1,080.08 crore Vs. Rs 1,140.44 crore (Estimate: Rs 1,107 crore)
EBITDA at Rs 44.42 crore Vs. Rs 134.03 crore
EBITDA margin at 4.11% Vs. 11.75%
Net profit at Rs 12.38 crore Vs. Rs 76.93 crore (Bloomberg Consensus Estimate: Rs 72.55 crore)
Revenue at Rs 1,080.08 crore Vs. Rs 1,140.44 crore (Estimate: Rs 1,107 crore)
EBITDA at Rs 44.42 crore Vs. Rs 134.03 crore
EBITDA margin at 4.11% Vs. 11.75%
Source: Exchange filing
June Quarter Numbers (Consolidated, YoY)Net profit at Rs 138.37 crore Vs. Rs 142.58 crore
Revenue at Rs 1,110.21 crore Vs. Rs 522.27 crore
EBITDA at Rs 218.55 crore Vs. Rs 207.11 crore
EBITDA margin at 19.69% Vs. 39.66%
Net profit at Rs 138.37 crore Vs. Rs 142.58 crore
Revenue at Rs 1,110.21 crore Vs. Rs 522.27 crore
EBITDA at Rs 218.55 crore Vs. Rs 207.11 crore
EBITDA margin at 19.69% Vs. 39.66%
Source: Exchange filing
Disclaimer: Adani Enterprises is in the process of acquiring a 49% stake in Quintillion Business Media Ltd., the owner of BQ Prime.
The MidCap gauge almost mirrored its larger peers while SmallCap measure outperformed, as it remained little changed. Thirteen of the 19 sectoral indices compiled by BSE declined with Telecom, Realty indices losing the most.
The market breadth is skewed in the favour of bears. About 1,356 stocks rose, 1,869 fell and 154 remained unchanged.
Global investor Tiger Global’s fund Internet Fund VI Pte. cut its holding in Zomato from 5.11% to 2.77% between July 25 and August 2.
Source: Exchange filing
HDFC Bank clarifies on news reports claiming that it will need to raise funds to immediately pay off liabilities arising out of merger with HDFC Ltd
HDFC Bank says the claims in the news reports are incorrect and speculative.
The bank has not approved any plan to raise capital to fund its statutory liquidity ratio and other liabilities.
The liabilities of HDFC Ltd will be transferred to the bank and will be serviced and repaid by the bank as per the contracted maturity.
Source: Exchange notification
The S&P BSE MidCap almost mirrored its larger peers, while S&P BSE MidCap outperformed rising 0.71%. Barring realty, all the other 18 sectoral indices advanced.
The market breadth is skewed in the favour of bulls. About 1,681 stocks rose, 535 fell and 95 remained unchanged.
Three-Wheelers and commercial vehicles are the only segment that grew in July.
Two-Wheelers, passenger vehicle, tractors retail saw reduction of 11%, 5% and 28% respectively.
Compared to July 2019 (Pre-Covid), total vehicle retail fell by 20% last month.
July is generally considered a lean month before festival season hits in August.
Two-Wheeler retail witnessed poor demand as rural India continues to underperform.
Source: FADA
Yield on the 10-year bond fell 3bps to 7.21% at the open.
Source: Bloomberg
Indian currency depreciated 17 paise to 79.34 against the greenback.
Source: Bloomberg
Shares of Sugar Mills are in focus after the government raised the minimum price that firms need to pay farmers for purchase of cane.
In Focus: Dwarikesh, Bajaj Hindusthan, Triveni Engineering, Shree Renuka, Dalmia Bharat Sugar, EID Parry.
Source: Bloomberg
Adani Enterprises, GAIL, Dabur, Britannia Industries, Blue Star, BHEL, Berger Paints, Container Corporation of India, Hindustan Petroleum Corporation, Dalmia Bharat, Gujarat Alkalies & Chemicals, Gujarat State Petronet, Glenmark Lifesciences, FDC, CERA Sanitaryware, BEML, Bayer Cropscience, Spandana Sphoorty Financial, Balrampur Chini, Balkrishna Industries, Alembic Pharma, REC, Praj Industries, Poly Medicure, Mannapuram Finance, LIC Housing Finance, Kalyan Jewelers, JB Chemicals, Infibeam Avenue, ICRA, Johnson Controls Hitachi, Kalpataru Power Transmission, Welspun, Thomas Cook
Balrampur Chini/Triveni Engineering/other sugar stocks: Government increased the remunerative price for sugarcane to Rs 305/quintal from Rs 290/ quintal.
Vodafone Idea: The company appointed Ravinder Takkar as the Non-Executive Chairman of the board with effect from Aug 19. Himanshu Kapania will step down on Aug 18. Takkar's term as CEO and MD will also end on Aug 18.
Bharti Airtel: The company signed 5G network agreements with Ericsson, Nokia and Samsung. Deployment of 5G to commence in August 2022.
AU small Finance Bank: The bank has offered 2.81 crore shares via Qualified Institutional Placement, according to Bloomberg citing Termsheet. The shares are offered in the price range of Rs 570-590 apiece, representing a discount of 3.2% to 6.5% to Wednesday’s close. The floor price has been set at Rs 590.84 apiece. There is an upsize option of 70 lakh shares, Bloomberg added.
Wipro: The company extended its strategic alignment with Nokia for digitization and automation of Nokia’s operations.
LIC: Enters into latest Fortune Global 500 list. The nation's biggest life insurance has been ranked 98th on the list.
Adani Transmission Q1 FY23 (Consolidated, YoY)
Revenue up 11% at Rs 3,131.88 crore Vs Rs 2,829.65 crore (Bloomberg estimate: Rs 2,700.6 crore)
EBITDA fell 52% at Rs 673.25 crore Vs Rs 1405.97 crore (Bloomberg estimate: Rs 1,186.1 crore)
EBITDA margin 21% Vs 50%
Net profit fell 57% at Rs 185.99 crore Vs Rs 435 crore (Bloomberg estimate: Rs 259.7 crore)
Adani Wilmar Q1 FY23 (Consolidated, QoQ)
Revenue down 2% at Rs 14,731.62 crore Vs Rs 14,960.37 crore
EBITDA up 4% to Rs 443.09 crore Vs Rs 425.72 crore
EBITDA margins at 3% Vs 2.8%
Net profit down 17% to Rs 193.6 crore Vs Rs 234.29 crore
Lupin Q1 FY23 (Consolidated, YoY)
Revenue down 12% at Rs 3,744 crore Vs Rs 4,270 crore (Bloomberg estimate: Rs 4,035 crore)
EBITDA down 82% to Rs 164 crore from Rs 928 crore (Bloomberg estimate: Rs 412 crore Profit)
EBITDA margins at 4.4% Vs 21.7% (Bloomberg estimate: 10.2%)
Net loss of Rs 89 crore Vs net profit of Rs 542 crore (Bloomberg estimate: Rs 138 crore Profit)
InterGlobe Aviation Q1 FY23 (Standalone, QoQ)
Revenue rose 60% to Rs 12,855 crore vs Rs 8,021 crore (Bloomberg estimates: Rs 15,338 crore)
EBITDAR Rs 717 crore vs Rs 171.8 crore
EBITDAR margin 5.6% vs 2.1%
Net loss Rs 1,064 crore vs Rs 1,680 crore (Bloomberg estimate: Rs 1,694 crore)
Inox Leisure Q1 FY23 (Consolidated, QoQ)
Revenue up 83% at Rs 582.26 crore Vs Rs 317.72 crore
EBITDA up 2x at Rs 210.46 crore Vs Rs 98.32 crore
EBITDA margin 36% Vs 31%
Net profit at Rs 57.09 crore Vs net loss of 28 crore
Vodafone Idea Q1 FY23 (Consolidated, QoQ)
Revenue up 2% at Rs 10,410.1 crore Vs Rs 10,239.5 crore (Bloomberg estimate: Rs 10,329.8 crore)
EBITDA fell 7% at Rs 4,328.4 crore Vs Rs 4,649 crore (Bloomberg estimate: Rs 4,598.2 crore)
EBITDA margin 41.6% Vs 45.4% (Bloomberg estimate: 44.5%)
Net loss up 11% at Rs 7,296.7 crore Vs Rs 6,563 crore (Bloomberg estimate: Rs 6,237 crore loss)
Gujarat Gas Q1 FY23 (Consolidated, YoY)
Revenue up 72.5% at Rs 5,303.23 crore Vs Rs 3,074.15 crore
EBITDA fell 16% at Rs 606.61 crore Vs Rs 722.39 crore
EBITDA margin 11% Vs 23%
Net profit fell 20% at Rs 381.9 crore Vs Rs 475 crore
Redington Q1 FY23 (Consolidated, QoQ)
Revenue fell 3% at Rs 16,803.14 crore Vs Rs 17,301.76 crore
EBITDA fell 6% at Rs 461.82 crore Vs Rs 490.53 crore
EBITDA margin 2.75% Vs 2.84%
Net profit fell 9% at Rs 315.78 crore Vs Rs 348 crore
PI Industries Q1 FY23 (Consolidated, YoY)
Revenue up 29% at Rs 1543.2 crore Vs Rs 1193.8 crore
EBITDA up 39% at Rs 345.60 crore Vs Rs 248.9 crore
EBITDA margin 22% Vs 21%
Net profit up 40% at Rs 262.4 crore Vs Rs 187 crore
KEC International Q1 FY23 (Consolidated, YoY)
Revenue up 31% at Rs 3,318.08 crore Vs Rs 2,540 crore
EBITDA up 5% at Rs 168.43 crore Vs Rs 159.88 crore
EBITDA margin 5% Vs 6%
Net profit fell 33% at Rs 31.02 crore Vs Rs 46 crore
Asian stocks advanced on Thursday after a U.S. rally triggered by earnings and robust economic data.
Shares rose in Japan, Australia and South Korea amid Wall Street surge that deposited the S&P 500 close to a two-month high. At 6:45 a.m., the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- traded 0.47% higher at 17,521 points.
Federal Reserve officials again signaled they will do what’s required to tackle high inflation with rate increases. The dollar fluctuated and oil held a plunge on signs of slowing demand in a U.S. inventory report. Gold was steady and Bitcoin slid below $23,000.
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