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Stocks to watch: Shares of firms like ICICI Bank, YES Bank, Tata Steel, IndiGo, Adani Wilmar, and others will be in focus on Monday’s trade
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Stocks To Watch On January 27: The markets continued their consolidation for the second consecutive week, edging down by nearly half a percent amid mixed signals. Shares of Bajaj Housing, ICICI Bank, YES Bank, Tata Steel, and IndiGo will be in focus today due to third-quarter results and other news developments.
Earnings Today: Coal India, Tata Steel, Indian Oil Corporation, Adani Total Gas, Adani Wilmar, Canara Bank, Union Bank of India, Federal Bank, ACC, Mahindra Logistics, Aditya Birla Sun Life AMC, Piramal Enterprises, Petronet LNG, Indraprastha Gas, Sundaram Fasteners, The New India Assurance Company, RailTel Corporation of India, Emami, Apollo Pipes, Kaynes Technology India, Bajaj Housing Finance, Welspun Specialty Solutions, and Wonderla Holidays will release their quarterly earnings on January 27.
Listings Today: CapitalNumbers Infotech is set to list on the BSE SME today.
ICICI Bank: Q3 standalone net profit rose to Rs 11,790 crore from Rs 10,270 crore (YoY), surpassing estimates of Rs 11,330 crore. Gross NPA improved to 1.96% from 1.97% (QoQ), while net NPA remained steady at 0.42%. Q3 interest earned grew to Rs 41,300 crore from Rs 36,700 crore (YoY).
Bank of India: Q3 standalone net profit rose to Rs 2,517 crore from Rs 1,870 crore (YoY), and interest earned grew to Rs 18,200 crore from Rs 15,200 crore (YoY). Gross NPA improved to 3.69% from 4.41% (QoQ), while net NPA declined to 0.85% from 0.94%. Provisions dropped to Rs 300 crore from Rs 1,040 crore (QoQ).
JSW Steel: Q3 consolidated net profit fell to Rs 717 crore from Rs 2,450 crore (YoY), exceeding estimates of Rs 570 crore. Revenue declined to Rs 4,140 crore from Rs 4,200 crore (YoY) but beat estimates of Rs 4,050 crore. EBITDA dropped to Rs 5,579 crore from Rs 7,180 crore (YoY), though it was higher than estimates of Rs 5,120 crore. EBITDA margin narrowed to 13.48% from 17.12% (YoY), above the estimated 12.6%.
InterGlobe Aviation: Q3 standalone net profit declined to Rs 2,442 crore from Rs 2,998 crore (YoY), while revenue rose to Rs 22,100 crore from Rs 19,452 crore (YoY). EBITDA remained steady at Rs 5,160 crore compared to Rs 5,144 crore (YoY), with EBITDA margin narrowing to 23.34% from 26.45% (YoY).
Torrent Pharmaceuticals: Q3 consolidated net profit increased to Rs 503 crore from Rs 440 crore (YoY), while revenue rose to Rs 2,809 crore from Rs 2,730 crore (YoY). EBITDA grew to Rs 914 crore from Rs 870 crore (YoY), with EBITDA margin improving to 32.54% from 31.81% (YoY). The company declared an interim dividend of Rs 26 per share.
Godrej Consumer Products: Q3 consolidated net profit declined to Rs 498 crore from Rs 580 crore (YoY), slightly missing the estimate of Rs 529 crore. Revenue grew to Rs 3,770 crore from Rs 3,659 crore (YoY), marginally exceeding the estimate of Rs 3,730 crore. EBITDA declined to Rs 756 crore from Rs 840 crore (YoY), in line with the estimate of Rs 757 crore. EBITDA margin narrowed to 20.06% from 22.96% (YoY). The company declared an interim dividend of Rs 5 per share.
Shakti Pumps: Q3 consolidated net profit soared to Rs 104 crore from Rs 45.2 crore (YoY), with revenue rising to Rs 650 crore from Rs 496 crore (YoY). EBITDA increased to Rs 154 crore from Rs 70.9 crore (YoY), with EBITDA margin improving to 23.73% from 14.32% (YoY).
Macleod Tech Developers: Q3 consolidated net profit rose to Rs 944 crore from Rs 500 crore (YoY), with EBITDA increasing to Rs 1,300 crore from Rs 880 crore (YoY), and EBITDA margin improving to 31.98% from 30.12% (YoY).
Tanfac Industries: Q3 standalone net profit increased to Rs 34.8 crore from Rs 10.1 crore (YoY), with revenue rising to Rs 178 crore from Rs 87.7 crore (YoY). EBITDA surged to Rs 50.3 crore from Rs 14.6 crore (YoY), with EBITDA margin improving to 28.23% from 16.62% (YoY).
DCB Bank: Q3 standalone net profit rose to Rs 150 crore from Rs 130 crore (YoY), with revenue increasing to Rs 1,670 crore from Rs 1,374 crore (YoY). Gross NPA improved to 3.11% from 3.29% (QoQ), while net NPA remained steady at 1.18%. Provisions increased to Rs 67.2 crore (QoQ) from Rs 45.6 crore but declined significantly from Rs 322 crore (YoY).
Associated Alcohols & Breweries: Q3 standalone net profit surged to Rs 26.1 crore from Rs 12.6 crore (YoY), with revenue increasing to Rs 334 crore from Rs 190 crore (YoY). EBITDA rose to Rs 39.5 crore from Rs 20.9 crore (YoY), with EBITDA margin improving to 11.83% from 10.56% (YoY).
EMS: Q3 consolidated net profit increased to Rs 50.5 crore from Rs 37.3 crore (YoY), with revenue rising to Rs 245 crore from Rs 199 crore (YoY). EBITDA grew to Rs 71.1 crore from Rs 46.8 crore (YoY), with EBITDA margin improving to 28.98% from 23.47% (YoY).
Aditya Birla Real Estate: The company’s unit entered a joint venture with Mitsubishi for an investment of Rs 560 crore; BEPL and MIPL will share a 51:49 economic interest in the SPV to develop a 4 million sq. ft. residential project in Bengaluru.
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