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Stock market essentials for August 8: RIL AGM to take place on August 29 via videoconferencing

Coal India seeks shareholders’ approval to enter new business areas, including mining of critical minerals; Nykaa board approves acquisition of 100% stake of lluminar Media Private Limited.

Soumeet Sarkar

Updated Aug 8, 2022, 07:12 IST

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Others

AstraZeneca Pharma

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KRBL

Narayana Hrudayalaya

NALCO

NESCO

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Suven Pharma

Torrent Power

Whirlpool of India

AGMs:

Hindustan Zinc (12 noon)

AstraZeneca Pharma (3 p.m.)

NESCO (2:30 p.m.)

Navneet Education (11 a.m.)

Torrent Power (9:30 a.m.)

Oil & Gas Updates

Brent Crude at $94/bbl Vs $94/bbl

Singapore GRM at $5.8/bbl Vs $8.3/bbl

Asia Spot Gas prices at $45/mmBtu Vs $44/mmBtu

Corporate Action

Nil

DII/FII data

FIIs net bought worth Rs. 1605.81 cr of shares on Aug 5 (prov)

DIIs net sold worth Rs 495.94 cr of shares on Aug 5

FII F&O Cash Data:

Index futures net buy Rs 902 cr

Index options net sell Rs 2302 cr

Stock futures net buy Rs 851 cr

Stock options net sell Rs 67 cr

Total FII net sell Rs 616 cr in F&O

F&O Ban

Escorts

Addition:- Delta Corp and Balrampur Chinni

Bulk/Block Deal

Crompton Greaves Consumer Electricals

COPTHALL MAURITIUS INVESTMENT bought 51lk shares @ 370.5

GHISALLO MASTER FUND bought 32lk shares @ 370.5

MACRITCHIE INVESTMENTS PTE sold 3.02cr shares @ 370.75

NMDC

INTEGRATED CORE STRATEGIES (ASIA) bought 4.1cr shares @ 110.88

RELIANCE MUTUAL FUND sold 7.4cr shares @ 110.81

RESULT Q1FY23:

SBI

NII at `31,196cr vs Expectation of `32,500cr

PAT at `6070cr vs Estimates of `8200cr

Domestic NIM for Q1FY23 increased by 8 bps YoY to 3.23%.

GNPA at 3.91% vs 3.97% (QOQ)

Q1 Provisions down 39% QoQ at `4390cr

Net NPA at `28,257cr vs `27965cr (QoQ)

Gross NPA at `1.13 lakh Cr vs `1.12 Lakh cr

Other Income at `2312cr vs `11880cr (QoQ)

PPOP at `12,752cr vs `18,974cr (YoY)

Loan Growth at 2.91% QoQ , up 14.93% YoY

SBI Says : Operating Profit impacted by MTM Losses on investment book.

Provision Coverage Ratio (PCR) improved by 719 bps YoY at 75.05%

Q1 Fresh Slippages at `9740cr vs`15,666 Cr (YoY)

BPCL Q1FY23 (Standalone; QoQ) – Weak

Revenue up 16% to Rs 121066 cr vs Rs 104060 crore

EBITDA Loss of Rs 5902 cr Vs EBITDA Profit of Rs 5835 cr

Net Loss of Rs 6291 cr Vs Net Profit of Rs 2384 cr

GRM up 79% to $27.5/bbl vs $15.4/bbl

Refinery Throughput down 4.5% to 9.7 MMT vs 10.15 MMT

Sales down 0.5% to 11.76 MMT vs 11.82 MMT

HPCL Q4FY22 (Standalone; QoQ) – Weak; miss on all fronts

Revenue up 1% to Rs 97573 cr vs Rs 96602 crore

EBITDA up 12% to Rs 2099 cr vs Rs 1871 crore

EBITDA Margins at 2.2% vs 1.9%

Net profit up 107% to Rs 1795 cr Rs 869 crore

Refinery Throughput up 11% to 4.69 MMT vs 4.24 MMT

Sales up 1.2% to 10.67 MMT vs 10.54 MMT

GRM at $12.44/bbl vs 6.39/bbl

NMDC (Consolidated, YoY)

Revenue at Rs. 4767 cr vs Rs. 6512 cr, down -26.8%

Net Profit at Rs. 1467 cr vs Rs. 3191 cr, down -54%

EBITDA at Rs. 1898.3 cr vs Rs. 4176 cr, down -54.5%

EBITDA % at 39.82% vs 64.13%

Petronet LNG (Consolidated, QoQ)

Revenue at Rs. 14264 cr vs Rs. 11160 cr, up 28%

Net Profit at Rs. 725 cr vs Rs. 708 cr, up 2.4%

EBITDA at Rs. 1064 cr vs Rs. 1085 cr, down 2%

EBITDA % at 7.5% vs 9.8%

SUBROS (Consolidated, YoY)

Revenue at Rs. 708 cr vs Rs. 480 cr, up 47.5%

Net Profit at Rs. 11.6 cr vs Rs. 3.9 cr, up 197.4%

Honda India Power Products ( YoY)

Revenue at Rs. 200 cr vs Rs. 264 cr, down -24.2%

Net Profit at Rs. 5 cr vs Rs. 20 cr, down -75%

Kirloskar Ferrous Industries (Consolidated, QoQ)

Revenue at Rs. 1493 cr vs Rs. 1034 cr, up 44.4%

Net Profit at Rs. 102 cr vs Loss Rs. 41 cr

V-Mart (YoY)

Revenue at Rs. 588 cr vs Rs. 177 cr, up 232.2%

Net Profit at Rs. 20 cr vs Loss Rs. 28 cr

NYKAA (Consolidated, qoq)

Revenue at Rs. 1148 cr vs Rs. 973.3 cr, up 17.9%

Net Profit at Rs. 4.5 cr vs Rs. 8.5 cr, down -47.1%

EBITDA at Rs. 46 cr vs Rs. 38.6 cr, up 19.2%

EBITDA % at 4.01% vs 3.97%

RAYMOND (Consolidated, YoY)

Revenue at Rs. 1728 cr vs Rs. 826 cr, up 109.2%

Net Profit at Rs. 82 cr vs Loss Rs. 157 cr

MAPMYINDIA (Consolidated, qoq)

Revenue at Rs. 65 cr vs Rs. 57 cr, up 14%

Net Profit at Rs. 24.2 cr vs Rs. 22.5 cr, up 7.6%

EBITDA at Rs. 30.55 cr vs Rs. 24.98 cr, up 22.3%

EBITDA % at 47% vs 43.82%

BLS International Services (Consolidated, YoY)

Revenue at Rs. 273 cr vs Rs. 178 cr, up 53.4%

Net Profit at Rs. 31 cr vs Rs. 20.2 cr, up 53.5%

EBITDA at Rs. 31.83 cr vs Rs. 18.71 cr, up 70.1%

EBITDA % at 11.66% vs 10.51%

Balmer & Lawrie (Consolidated, YoY)

Revenue at Rs. 648 cr vs Rs. 486 cr, up 33.3%

Net Profit at Rs. 56 cr vs Rs. 37 cr, up 51.4%

Paisalo Digital (Consolidated, YoY)

Revenue at Rs. 112 cr vs Rs. 92 cr, up 21.7%

Net Profit at Rs. 21 cr vs Rs. 17 cr, up 23.5%

Sudarshan Chemical (Consolidated, YoY)

Revenue at Rs. 554 cr vs Rs. 474 cr, up 16.9%

Net Profit at Rs. 7 cr vs Rs. 26 cr, down -73.1%

EBITDA at Rs. 42 cr vs Rs. 62.7 cr, down -33%

EBITDA % at 7.58% vs 13.23%

Sansera Engineering (Consolidated, YoY)

Revenue at Rs. 531 cr vs Rs. 389 cr, up 36.5%

Net Profit at Rs. 35 cr vs Rs. 18 cr, up 94.4%

Max Ventures and Industries (Consolidated, YoY)

Revenue at Rs. 27 cr vs Rs. 18.6 cr, up 45.2%

Reported Net Profit at Rs. 6.6 cr vs Rs. 0.01 cr up 65900%

Engineers India (Consolidated, YoY)

Revenue at Rs. 815 cr vs Rs. 746 cr, up 9.2%

Net Profit at Rs. 65 cr vs Rs. 2.7 cr, up 2307.4%

Chemplast Sanmar (Consolidated, YoY)

Revenue at Rs. 1411 cr vs Rs. 960 cr, up 47%

Net Profit at Rs. 41 cr vs Rs. 29 cr, up 41.4%

EBITDA at Rs. 194 cr vs Rs. 150 cr, up 29.3%

EBITDA % at 13.75% vs 15.63%

AGS Transact Technologies (Consolidated, qoq)

Revenue at Rs. 417 cr vs Rs. 398 cr, up 4.8%

Net Profit at Rs. 19.2 cr vs Loss Rs. 48 cr

Shipping Corp of India (Consolidated, YoY)

Revenue at Rs. 1465 cr vs Rs. 1027 cr, up 42.6%

Net Profit at Rs. 114 cr vs Rs. 158 cr, down -27.8%

EBITDA at Rs. 297 cr vs Rs. 334 cr, down -11.1%

EBITDA % at 20.27% vs 32.52%

CCL Products (India) (Consolidated, YoY)

Revenue at Rs. 509 cr vs Rs. 326 cr, up 56.1%

Net Profit at Rs. 53 cr vs Rs. 44 cr, up 20.5%

EBITDA at Rs. 88.1 cr vs Rs. 71.7 cr, up 22.9%

EBITDA % at 17.31% vs 21.99%

Zensar Tech (Consolidated, qoq)

Revenue at Rs. 1203 cr vs Rs. 1154 cr, up 4.2%

Net Profit at Rs. 75 cr vs Rs. 130 cr, down -42.3%

Affle Q1

Sales at `347cr vs `315cr (up 10.3% QoQ)

PAT at `55.2cr vs `52.7cr (up 4.8% QoQ)

EBITDA at `68.7cr vs `58.7cr (up 17.1% QoQ)

VINATI ORGANICS Q1

Sales at `506cr vs `486cr (YoY)

PAT at `101.1cr vs `101.09cr (YoY)

EBITDA at `130.7cr vs `138cr (YoY)

MARICO Q1

Sales at `2558cr vs `2525cr (YoY)

PAT at `371cr vs `356cr (YoY)

EBITDA at 528cr vs `481cr(YoY)

Margins @ 20.6% vs 19%

Mahanagar Gas Standalone QoQ

Revenue up 34% to Rs 1455 cr vs Rs 1087 cr

EBITDA up 33% to Rs 286 cr vs Rs 215 cr

EBITDA Margin at 19.6% vs 19.8%

Net profit up 41% to Rs 185 cr vs Rs 132 cr

Total volumes up 9% to 3.4 mmscmd vs 3.2 mmscmd

Tarson Products

Net profit at ₹20.3 cr vs ₹24.8 cr (YoY)

Revenue at ₹68.6 cr vs ₹69.1 cr (YoY)

EBITDA margin at 45.3% vs 53.3% (YoY)

West Coast Paper Q1

profit at `185.3 cr vs `32 cr (YoY)

Revenue at `1,114.2 cr vs `537.6 cr (YoY)

EBITDA at `321.2 cr vs `100 cr (YoY)

Amara Raja Batteries

Profit at `131.5 cr vs `123.9 cr (YoY)

Revenue up at `2620cr vs `1885.9 cr (YoY)

EBITDA margin at 10% vs 13.3% (YoY)

Rossari Biotech

Profit at `28.7 cr vs `24.5 cr (YoY)

Revenu at `434.7 cr vs `231.1 cr (YoY)

EBITDA margin at 13.3% vs 16.4% (YoY)

Apex Frozen Standalone YoY

Revenue up 43% to Rs 320 cr vs Rs 223 cr

EBTIDA up 223% to Rs 29 cr vs Rs 9 cr

EBTIDA Margin at 9.1% vs 4.1%

Net profit up 463% to Rs 18.5 cr vs Rs 3 cr

Jagran Prakashan Consolidated QoQ

Revenue up 7% to Rs 455 cr vs Rs 425 cr

EBITDA down 9% to Rs 77 cr vs Rs 85 cr

EBITDA Margin at 17% vs 20%

Net profit down 24% to Rs 42 cr vs Rs 54 cr

Shaily Engg, stand-alone, YoY

Rev at 172 cr Vs 120 Cr, up 43%

Pat at 7.4 cr Vs 8 cr, down 8 %

Ebitda at 21.7 cr Vs 20.2 cr, up 8 %

Margin 12.6 % Vs 16.8%

India Pesticides, Cons YoY

Rev at 218 cr Vs 170 cr

Pat 41 cr Vs 42 cr

Ebitda at 56.1 cr Vs 55 cr

Margin 19.9 % Vs 32%

IRB INFRA: (Consolidated, YoY)

Revenue at Rs. 1925 cr vs Rs. 1626 cr, up 18.4% YoY

EBITDA at Rs. 1061 cr vs Rs. 700 cr, up 51.5% YoY

Net Profit at Rs. 363 cr vs Rs. 72 cr, up 405.1% YoY

EBITDA Margin at 55.1% vs 43.1%, up 1206 bps YoY

Fortis Healthcare (Consolidated, YoY)

Revenue at Rs. 1488 cr vs Rs. 1410 cr, up 5.5% YoY

EBITDA at Rs. 251 cr vs Rs. 275 cr, down -8.8% YoY

Net Profit at Rs. 122 cr vs Rs. 264 cr, down -53.6% YoY

EBITDA Margin at 16.9% vs 19.5%, down -264 bps YoY

Neogen Chemicals (Consolidated, YoY)

Revenue at Rs. 148 cr vs Rs. 85 cr, up 74.7% YoY

EBITDA at Rs. 25 cr vs Rs. 16 cr, up 57.8% YoY

Net Profit at Rs. 11 cr vs Rs. 7 cr, up 50.8% YoY

EBITDA Margin at 16.7% vs 18.5%, down -179 bps YoY

IOB

NII at 1754 vs 1458cr YOY

Operating profit at 1026cr vs 1654cr YOY

Provisions at 630cr vs 1014cr QOQ

PAT at 392cr vs 327cr yoy

GNPA at 9.12% vs 9.82% QOQ

NNPA at 2.43% vs 2.65% QOQ

Indostar standalone

NII 157cr vs 89cr YOY

Impairments at 1032cr vs 42cr QOQ

Loss at 767cr vs 312cr YOY

Paytm

Sales at 1680cr vs 1540cr (qoq)

Reported ebitda loss @630cr vs loss 730cr

Adjusted ebitda loss at 270cr vs loss 370cr (qoq)

Corporate Announcements

Tata Motors

Signs Definitive Agreement for the acquisition of Ford India’s Sanand plant for Rs 726 cr. Transfer to include entire land & buildings, vehicle Manufacturing Plant along with machinery and equipment situated therein, and transfer of all eligible employees.

Ahluwalia Contracts (India)

Secured new order from IISc Medical School Foundation worth of Rs. 220 Cr

The order inflow during the FY 22-23 stands at Rs.2352.13 Cr till date

CCL PRODUCTS (INDIA)

Company to establish green field spray dried instant coffee manufacturing facility through a new WOS with a capacity of 16,000 Mts pa with an estimated capital outlay of Rs. 320 Cr in Andhra Pradesh

SJVN

Wins 200 MW Solar Project in Maharashtra at Rs 2.90/unit

The tentative cost of Construction / Development of this project is ~ Rs1,200 Cr

NTPC

Started commercial operation of 250 MW Kolyat, Bikaner (Shambu ki Burj-1) Solar PV Project wef 6th August 2022

HDFC AMC

SEBI has granted its in-principle approval for change in control of HDFC AMC

LIC

Reduced shareholding in "MARUTI SUZUKI INDIA LTD" from 6.21% to 4.20% via open market sale

Reduced shareholding in "BHARAT DYNAMICS" from 6.43% to 4.42% via open market sale

Nykaa

Board approved acquisition of 100% stake of lluminar Media Private Limited

Siemens

Company has made an investment of Rs 1.14cr in Sunsole Renewables Pvt Ltd , India, (Sunsole)

Company’s shareholding in Sunsole, post the additional investment, continues to remain at 26% of the paid-up equity share capital of Sunsole.

REC

*Approved Incorporation of a SPV as WOS of REC Power Development & Consultancy Ltd. for selection of successful bidder for implementation of projects allocated by Ministry of Power

*Approved Subscription of 50% stake upto Rs 50cr in PFC Projects Ltd, in the Power Asset Management Company as 50:50 Joint Venture Company with Power Finance Corporation Ltd, for taking over Stressed/NPA assets in the Power Sector

*Approved Sale and transfer of Neemuch Transmission Ltd to Power Grid Corporation of India

NHPC

Board meeting scheduled on August 10 to consider proposal regarding monetization of future cash flow (consisting Return on Equity, Capacity based Incentive) of One or more Power Stations

Coal India

Seeking shareholders’ approval to enter new business areas, including mining of critical minerals, such as lithium and cobalt, producing hydrogen as well as manufacturing and selling energy storage batteries.

The company has got the approval to set up a 1 million ton/year alumina refinery, 0.5 million ton/year aluminum smelter and a 1.4 GW captive power plant to feed to aluminum operations.

The company has yet to finalize sites for the aluminum project. Besides lithium, Coal India is also considering mining of nickel, vanadium, copper and manganese. The coal miner also plans to form a JV with Madhya Pradesh Power Generation Co. to build a 1,320 MW coal-fired plant that will supply to the grid.

Coal India said it’s prepared to reach annual production capacity of 1 billion tons by FY25, although actual production will depend on demand for the fuel. The company has 117 coal mining projects with a total capacity of 918.9 MTPA and sanctioned investment of almost Rs 1.33 lakh cr in different stages of implementation.

Of these, 42 projects are running behind due to reasons including delays in getting forest clearance, difficulties in getting land and rehabilitation of people.

RIL

AGM on August 29. FY22 annual report focuses more on growing importance of green/clean energy.

Other News

Petronet LNG Concall

High price volatility is impacting growth in gas consumption but hasn’t destroyed demand significantly

Petronet’s Dahej LNG import terminal operated at 87% of capacity in April-June

Petronet says its long-term LNG supplier hasn’t defaulted on shipments due to rise in European demand

The company is in talks with Qatar for extending its long-term contracts beyond 2028

Qatar has spare capacity after 2025-26, discussing terms and tenure for renewal

Do not see issues over LNG availability even if Europe shifts to Qatar, US

From Bloomberg

Varroc Said to Target Completion of Car-Lighting Sale Next Month

Varroc Engineering Ltd. aims to complete the proposed sale of its car-lighting unit to Cie Plastic Omnium SA by the end of September, a person with knowledge of the matter said. Companies have now cleared the major hurdles to the deal after receiving antitrust approvals from authorities in Europe and Morocco, the person said, asking not to be identified because the information is private.

European Commission said Aug. 2 it had approved the deal. The transaction is still pending antitrust approval in Mexico, the person said

India Official Reserves Rise After Four Weeks of Decrease

Official reserve assets of India were little changed from the previous week at $573.9b on July 29, according to Reserve Bank of India figures.

Reserves down 6.1% from the same period last year

Gold up 3% W/w, 7.5% Y/y to $39.6b

Foreign currency assets unchanged W/w, down 9.9% Y/y to $511.3b

Special Drawing Rights (SDR) unchanged W/w, up 1,063% Y/y to $18b

Insiders

Companies	Category	No. Of Shares	Activity
Godrej Agrovet	Promoter	55,336	Bought
Clean Science	Designated Person	209	Sold
Navin Fluorine	Designated Person	500	Sold
L&T Tech	Designated Person	1,000	Sold
Cyient	Employee	2,000	Sold
Avenue Supermarts	Designated Person	2,500	Sold
IIFL Wealth	Employee	2,708	Sold
Intellect Design	Connected Person	4,000	Sold
IndusInd Bank	Designated Person	8,150	Sold
Nippon Life	Designated Person	9,000	Sold
Mahindra Holidays	Designated Person	25,000	Sold
eMudhra	KMP	32,000	Sold
HFCL	Employee Trust	77,100	Sold
Navin Fluorine	Promoter & Director	150,000	Sold
JSW Steel	Employee Trust	212,021	Sold
Inox Winds	Promoter	155,000	Pledged
Max Financial	Promoter	247,000	Pledge Released
Ajanta Pharma	Promoter	820,000	Pledge Released
HOEC	KMP	1,588,200	Pledge Released