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May 16, 2023

*Q4FY23 EARNING CALENDAR 16.05.2023*
ALICON, AMBER, AURIONPRO, AUTOAXLES, *BANKBARODA*, *BHARTIARTL*, CCL, CHEMPLASTS, CREDITACC, EIHAHOTELS, EXCELINDUS, GRANULES, INDORAMA, *IOC*, *JINDALSTEL*, JKPAPER, JUBLINGREA, KAJARIACER, KAYNES, *LICHSGFIN*, MAXHEALTH, METROPOLIS, MUKANDLTD, NAVNETEDUL, *OBEROIRLTY*, PARAS, PRAKASH, REDINGTON, SAFARIND, SIRCA, SIYSIL, TRITURBINE, TVTODAY, VMART
*BANK OF BARODA*
• NII expected at Rs 11,321 crore versus Rs 8612 crore
• EBIT expected to be seen at Rs 7591 crore versus Rs 1898 crore
• EBIT margin expected to be seen at 54.37% versus 22.05%
• Net profit expected to be seen at Rs 4060 crore versus Rs 1779 crore
*BHARTI AIRTEL*
• Revenue expected at Rs 36,500 crore versus Rs 35,804 crore
• EBITDA expected to be seen at Rs 18,800 crore versus Rs 18601 crore
• EBITDA margin expected to be seen at 51.50% versus 51.95%
• Net profit expected to be seen at Rs 2800 crore versus Rs 1588 crore
• ARPU expected at Rs. 196 versus Rs. 193
*GRANULES*
• Revenue expected at Rs 1135 crore versus Rs 1030 crore
• EBITDA expected to be seen at Rs 227 crore versus Rs 193 crore
• EBITDA margin expected to be seen at 20% versus 18.7%
• Net profit expected to be seen at Rs 140 crore versus Rs 111 crore
*IOC*
• Revenue expected at Rs 187,920 crore versus Rs 201,000 crore
• EBITDA expected to be seen at Rs 12189 crore versus Rs 3593crore
• EBITDA margin expected to be seen at 6.5% versus 0.3%
• Net profit expected to be seen at Rs 6393crore versus Rs 448 crore
*JINDAL STEEL*
• Revenue expected at Rs 13,186 crore versus Rs 14,339 crore
• EBITDA expected to be seen at Rs 2658 crore versus Rs 3070 crore
• EBITDA margin expected to be seen at 20.16% versus 21.41%
• Net profit expected to be seen at Rs 1235 crore versus Rs 1917 crore
*LIC HOUSING*
• Revenue expected at Rs 1675 crore versus Rs 1756 crore
• EBIT expected to be seen at Rs 1398 crore versus Rs 1497 crore
• EBIT margin expected to be seen at 83.47% versus 85.26%
• Net profit expected to be seen at Rs 786 crore versus Rs 1118 crore
*MAX HEALTH*
• Revenue expected at Rs 1499 crore versus Rs 938 crore
• EBITDA expected to be seen at Rs 418 crore versus Rs 210 crore
• EBITDA margin expected to be seen at 27.92% versus 22.40%
• Net profit expected to be seen at Rs 263 crore versus Rs 123 crore
*OBEROI REALTY*
• Revenue expected at Rs 1012 crore versus Rs 823 crore
• EBITDA expected to be seen at Rs 582 crore versus Rs 351 crore
• EBITDA margin expected to be seen at 57.48% versus 42.72%
• Net profit expected to be seen at Rs 512 crore versus Rs 232 crore
*Q4FY23 EARNING CALENDAR 17.05.2023*
ANUP, DEEPAKFERT, DEVYANI, ELECTCAST, ENDURANCE, ERIS, GLAXO, *HONAUT*, JINDALSAW, JKTYRE, JSL, *JUBLFOOD*, MTARTECH, PARADEEP, QUESS, RAILTEL, RBA, *RECLTD*, SANGHIIND, *SKFINDIA*, STLTECH, TEAMLEASE, *THERMAX*, TIMKEN, VAIBHAVGBL, WHIRLPOOL, ZYDUSWELL
* Stocks in News*
*Astral:* PAT at Rs 206 cr vs Rs 144 cr, up 43.1% YoY, Revenue at Rs 1,506 cr vs Rs 1,390 cr, up 8.3% YoY (Positive)
*Cantabil:* Net profit at Rs 16.9 cr Vs Rs 8.1 cr, Revenue up 30% at Rs 172.8 cr Vs Rs 133 cr (YoY) (Positive)
*Tube Invest:* Cons PAT at Rs 311 cr vs Rs 179 cr, up 73.9% YoY. Cons revenue at Rs 3,656 cr vs Rs 3,261 cr, up 12.1% YoY (Positive)
*Suryoday:* Net profit of Rs 38.9 cr Vs loss of Rs 48.1 cr, NII up 43.5% at Rs 210.1 cr Vs Rs 146.4 cr (YoY) (Positive)
*UltraTech Cement:* Company’s arm commissions 0.8 mtpa brownfield cement capacity in Rajasthan. (Positive)
*Wipro:* Company announced that its FullStride Cloud Studio has partnered with Google Cloud’s Rapid Migration Program. (Positive)
*Oil upstream stocks:* Windfall tax on crude petroleum cut to nil from the earlier Rs 4,100 per tonne (Positive)
*Neuland Laboratories:* BNP Paribas Arbitrage bought 70,897 shares in the company (Positive)
*Real Estate stocks:* Residential real estate market sets record, sales surge 48% in FY23: Anarock (Positive)
*Shyam Metalics':* Company’s associate arm has been declared as the preferred bidder for Iron Ore block in Maharashtra (Positive)
*ONGC:* The company has discovered crude oil and natural gas in two blocks in Mumbai offshore (Positive)
*Berger Paints:* Net profit down 15.9% at Rs 185.7 cr Vs Rs 221 cr, Revenue up 11.7% at Rs 2,443.6 cr Vs Rs 2,187.5 cr (YoY) (Neutral)
*Uttam Sugar:* Net profit up 14.6% at Rs 70 cr Vs Rs 61 cr, Revenue up 7.5% at Rs 527.4 cr Vs Rs 490.4 cr (YoY) (Neutral)
*Procter Health:* Net profit up 15.7% at Rs 59.2 cr Vs Rs 51.2 cr, Revenue up 19.8% at Rs 321 cr Vs Rs 268 cr (YoY) (Neutral)
*PVR-INOX:* Net loss at Rs 333.4 cr vs loss Rs 105.5 cr -Revenue at Rs 1,143.2 cr vs poll of Rs 1,192 cr (Neutral)
*PFizer:* Net profit up 3.1% at Rs 129.7 cr vs Rs 125.8 cr, Revenue up 4.2% at Rs 572.6 cr vs Rs 549.7 cr (YoY) (Neutral)
*Coromandel Q4:* Net profit down 15% at Rs 246.4 cr Vs Rs 290 cr, Revenue up 29.5% at Rs 5,475.8 cr Vs Rs 4,226.8 cr (YoY) (Neutral)
*Butterfly:* Net profit at Rs 1.6 cr Vs loss of Rs 19.4 cr, Revenue down 1.6% at Rs 186.8 cr Vs Rs 189.8 cr (YoY) (Neutral)
*Kalyan Jewellers:* Net profit at Rs 70 crore as against Rs 72 crore YoY (Neutral)
*HDFC Bank:* SEBI approves change in control for HDFC Capital Advisors (Neutral)
*Home First:* Norges Bank on Account of the Government Pension Fund Global acquired 21 lakh equity shares in the company (Neutral)
*Saksoft:* Premier Investment Fund sold 5.65 lakh shares in the company (Neutral)
*Ethos:* Promoter Entity Sold 1.5 Lakh Shares at Rs 1253/ Share (Negative)
*EQUITY PREVIEW*:
Astral (ASTRA): 4Q Net Income +46% y/y to 2.06b rupees, beats est. 1.49b; revenue +8.6% to 15.1b
Berger Paints (BRGR): 4Q Net Income -16% y/y to 1.86b rupees, misses est. 2.29b; Revenue +11% to 24.4b
Coromandel International (CRIN): 4Q net income -15% y/y to 2.46b rupees, misses est. 3.13b; revenue +30% to 54.8b
HCL Technologies (HCLT): Expands partnership with SAP Successfactors
P&G Health (PGHL): 3Q net income 591.9m rupees vs. 511.6m rupees y/y
Pfizer (PFIZ): 4Q net income 1.3b rupees Vs. 1.26b y/y; revenue +4.2% to 5.73b
PVR Inox (PVRINOX): 4Q net loss 3.33b rupees, est. loss 817m; revenue 11.4b vs. 5.37b y/y; plan to shut down about 50 cinema screens over next 6 months
SAT Industries (SATI): Says it has sold 4.05% shares of its unit Aeroflex Industries to Ashish Kacholia and Bengal Finance & Investments Pvt. for INR405.6m
UltraTech Cement (UTCEM): Says unit commissions 0.8 mtpa Rajasthan capacity
Wipro (WPRO): Says its FullStride Cloud Studio partners with Google Cloud’s Rapid Migration Program
*Business News Headlines*
Ø Sebi again seeks 6 month extension from SC for probe
Ø Vedanta - Foxconn chip factory set to get green light
Ø Nykaa, Zomato among AMCs’
top picks in Apr
Ø Indices hit five-month high, close in on lifetime marks
Ø Samsung chief meets Musk on possible hi-tech alliance
Ø Coal to stay important: Energy
majors at Just Transition meet
Ø India settling some non-oil trade with Russia in rupees
Ø Exports fall 12.7% in April; trade gap at 20-month low
Ø Qualcomm working with OEMs
to cut 5G phone cost to sub ₹8K
Ø Factually baseless’: Sebi to SC on probing Adani firms since 2016
Ø Apax funds buy IBS stake for $450 mn
Ø FMCG firms chase volume growth, slice prices, bump up grammage
Ø First in 3 yrs, wholesale prices contract in April
Ø Govt extends Covid waivers
for highway contractors
Ø Adani not probed since 2016: SEBI
Ø WPIs enter deflation zone, at 34 month low
Ø FII inflows help indices climb to five month high
Ø Market cheers Karnatakabased
companies on election outcome
Ø April WPI inflation eases to 34 month low of 0.92%
Ø Godrej Consumer to see volume led growth in FY24
Ø Street rejoices DLF’s strong Q4, guidance
Ø Priority sector loan norms to get a rejig
Ø Gift City examines Indian stock UDRs
Ø Amazon India in talks to pick up
stake in men’s innerwear brand
Ø Russia turns biggest oil supplier
to India in FY23
Ø Govt scans China firms exploiting EV sops loophole
Ø Exports plunge most in 3 years
as demand cools
Ø Pizza Hut to use AI to recommend pizza based on customer’s mood
Ø Relief for India Inc as key banks
leave MCLR unchanged in May
Ø Claims Adani group has been under SEBI lens since 2016 baseless: SC told
Ø Sundram Fasteners plans
₹1000, cr capex as orders surge
Ø Auto industry will grow at 5-6% per year: RC Bhargava
Ø Colgate to diversify beyond
oral care under Palmolive brand
Ø Pidilite enters decorative paint
business to complete range
Ø Polycab India expects FMEG vertical to turn profitable by end of FY24
Top 10 stocks to watch today
HDFC: Mortgage lender Housing Development Finance Corporation (HDFC)would issue bonds through a private placement to raise up to ₹8,000 crore and strengthen its financial position. Unsecured redeemable non-convertible debentures (NCDs) with a base size of ₹3,000 crore and an option to retain over-subscription of up to ₹5,000 crore would be issued.
Pfizer: For the March quarter, Pfizer Ltd's standalone net profit rose 3.1% to ₹129.65 crore from ₹125.79 crore during the same period last year. The company's revenue from operations for Q4FY23 stood at ₹572.64 crore, up 4.2% on year from ₹549.66 crore in Q4FY22. On Monday, The company declared a final dividend of ₹35 per share and a special dividend of ₹5 per share for FY23.
Adani Group: The Supreme Court has adjourned the hearing of the plea filed by SEBI seeking a six-month extension to complete the probe on Adani Group to July 10. SEBI told the Supreme Court on May 15 that any incorrect or premature conclusion of its investigation into the Adani group's possible lapses of regulatory disclosures will be "legally untenable" and not "serve the ends of justice".
PVR Inox: Multiplex PVR on Monday reported a consolidated net loss of ₹333.35 crore for the quarter ended March 2023. This is against a net loss of ₹105.49 crore in the corresponding quarter last fiscal. The company had clocked a profit of ₹16.1 crore in the preceding December quarter.
P&G Health: Procter & Gamble (P&G) Health announced its Q4FY23 results reporting a net profit up ₹59 crore, registering a growth of 15.7 per cent, compared to ₹51.2 crore in the corresponding period last year. The company reported total sales of ₹316.3 crore in the January-March quarter, reporting an increase of 21 per cent compared to ₹262.2 crore in the year-ago period.
Vedanta: Vedanta on Monday said that it has appointed Sonal Shrivastava as its new chief financial officer (CFO). She joins the company on 1 June 2023. She will be joining Vedanta from the Holcim Group, where she had joined in 2002 and was the chief financial officer for the Asia Pacific, Middle East and Africa regions.
Berger Paints: Berger Paints India posted a consolidated net profit of ₹185.7 crore in the quarter ending March 2023, registering a fall of 15.9% from ₹221 crore posted in the same quarter last year. The consolidated revenue in Q4FY23 rose 11.7% to ₹2,443.6 crore from ₹2,187.5 crore, YoY.
Century Plyboards: Century Plyboards, the plywood and laminate sheets manufacturer, reported a consolidated net profit of ₹114.7 crore in the quarter ended March 2023. This is a sharp rise of 29.5% from a net profit of ₹88.5 crore posted in the same quarter last fiscal. The company’s consolidated revenue from operations in Q4FY23 rose 7.1% to ₹965.4 crore from ₹901.1 crore, YoY.
Aeroflex Industries: Ashish Kacholia, a renowned capital markets investor and Bengal Finance and Investments Pvt Ltd purchased 4.05% of the equity shares of Aeroflex Industries Ltd, a key subsidiary of SAT Industries, on Monday, according to a stock exchange filing on the BSE and NSE. The total cost of the shares purchased was ₹40.56 crores.
Suryoday Small Finance Bank: Suryoday Small Finance Bank on Monday posted a net profit of ₹39 crore for the March quarter of 2022-23 as bad loans fell. The bank had posted a net loss of ₹48 crore for the same quarter a year ago. Total income during Q4 FY23 rose to ₹363 crore from ₹257 crore in the same quarter of the previous year, Suryoday Small Finance Bank said in a regulatory filing.

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