Stocks to Focus: IndiGo, Metro Brands, Yatharth Hosp., Ritco Logistics, Zaggle, Fortis Healthcare, Bayer Crop
The stock market may open lower on May 24th as the global market sentiment remains subdued. In Asia, the Nikkei, Kospi, and Hang Seng indices have all experienced losses. Investors are awaiting the Q4 results of major companies such as Hindalco Industries, Hindustan Copper, Glenmark Pharma, Ashok Leyland, NTPC, Bosch, Bajaj Healthcare, Cochin Shipyard, Suzlon Energy, Nazara Tech, and United Spirits.
Interglobe Aviation: IndiGo Airlines reported a Q4 profit of Rs 1894.8 crore, marking its sixth consecutive profitable quarter. This success was driven by robust demand despite rising fuel prices. The company’s revenue grew by 26 percent to Rs 17,825.3 crore, and EBITDAR jumped to Rs 4,412.3 crore. The airline’s load factor improved to 86.3 percent.
Metro Brands: The company announced a 7.14 percent increase in Q4 net sales to Rs 582.98 crore and a 126.56 percent surge in net profit to Rs 155.17 crore. EBITDA was at Rs 182.98 crore, up 12.74 percent.
Yatharth Hospital and Trauma Care Services: The company recorded a 23.62 percent increase in Q4 net sales, amounting to Rs 177.75 crore, and a 121.43 percent surge in net profit, totaling Rs 38.35 crore. EBITDA increased by 33.31 percent to reach Rs 52.19 crore.
Ritco Logistics: The company announced a 28.03 percent increase in Q4 net sales, reaching Rs 251.88 crore, and a 47.07 percent rise in net profit, amounting to Rs 8.77 crore. EBITDA reached Rs 20.91 crore, reflecting a 35.69 percent increase.
Zaggle Prepaid Ocean Services: The company announced a 153.4 percent increase in Q4 profit to Rs 19.2 crore and a 46.3 percent growth in revenue to Rs 273.4 crore.
Fortis Healthcare: The company announced a 46.88 percent increase in Q4 net profit, amounting to Rs 203.1 crore, and an 8.7 percent rise in revenue, reaching Rs 1,785.9 crore.
ITC: The FMCG giant reported a standalone net profit of Rs 5,020.2 crore for Q4, a 1.31 percent decrease year-on-year, impacted by flat cigarette volumes and lower FMCG margins. The company’s revenue rose by 1.40 percent to Rs 17,752.87 crore. ITC also stated that the National Company Law Tribunal (NCLT) had directed the company to convene a meeting of shareholders on June 6, 2024, to consider and approve the proposed demerger of its hotel business.
ICICI Lombard: The company has revealed that it received a show cause notice from the GST Officer of the Department of Trade & Taxes, Government of N.C.T. of Delhi. The notice seeks clarifications regarding an alleged GST liability for the period from April 2019 to March 2020. The show cause notice specifies a demand amounting to Rs 149.55 crore, interest of Rs 124.35 crore, and a penalty of Rs 14.96 crore.
Bikaji Foods International: The company reported a 200 percent increase in net profit to Rs 116.28 crore in Q4, up from Rs 38.67 crore in the same period last year. Revenue from operations also increased by 12.8 percent to Rs 520.82 crore.
Steel Strips Wheels: The company announced a 6.34 percent increase in Q4 net sales to Rs 1,068.67 crore and a significant 990.17 percent rise in net profit to Rs 515.56 crore. However, EBITDA decreased slightly by 0.4 percent to Rs 114.69 crore.
Birla Precision Technologies: The company reported a 5.94 percent decrease in Q4 net sales to Rs 60.91 crore and a net loss of Rs 1.43 crore. EBITDA is at Rs 4.47 crore, down 36.86 percent.
IL&FS Investment Managers: The company's Q4 net sales decreased by 24.73 percent to Rs 13.18 crore, while net profit increased by 98.68 percent to Rs 4.86 crore. EBITDA reached Rs 6.24 crore, marking a 56.78 percent increase.
Puravankara: The company recorded a loss of Rs 6.71 crore in Q4, a significant decline from the Rs 26.8 crore profit in the same period last year. Meanwhile, the revenue surged by 136.5 percent to Rs 920 crore.
CESC: The company reported a 6.7 percent decrease in Q4 net profit to Rs 415 crore and a 9.2 percent increase in revenue to Rs 3,387 crore.
JK Lakshmi Cement: The company's Q4 net profit rose by 41.1 percent to Rs 162 crore, while revenue fell by 4.4 percent to Rs 1,780.9 crore.
Asian Granito India: The company's Q4 loss narrowed to Rs 5.5 crore, while revenue decreased by 7 percent to Rs 423.6 crore.
Bayer CropScience: The company's Q4 net profit fell by 39.4 percent to Rs 96 crores, while revenue declined by 19.4 percent to Rs 791.5 crore.
Concord Biotech: The company announced a 3.9 percent increase in Q4 net profit, reaching Rs 95 crore, and a 17 percent surge in revenue, totaling Rs 319 crore.
Landmark Cars: The company's Q4 net profit plummeted by 55 percent to Rs 10.97 crore, while revenue increased by 1.2 percent to Rs 864 crore.
Mangalore Chemicals and Fertilizers: The company's Q4 net profit plummeted by 93 percent to Rs 4.8 crore, while revenue fell by 32.4 percent to Rs 786.4 crore.
Time Technoplast: The company announced a 44.5 percent increase in Q4 net profit to Rs 94.3 crore and a 17 percent rise in revenue to Rs 1,394.3 crore.
Orchid Pharma: The company's Q4 net profit plummeted by 49.2 percent to Rs 33.5 crore, while revenue experienced a 3.4 percent growth, reaching Rs 217.1 crore.
ICRA: The company announced a 21.8 percent increase in Q4 net profit to Rs 47 crore and a 13.6 percent rise in revenue to Rs 124 crore. The board declared a dividend of Rs 100 per share.
Barbeque Nation Hospitality: The company reduced its Q4 loss to Rs 1 crore and reported a 6.4 percent increase in revenue to Rs 298 crore.
Taj GVK Hotels: The company announced an 11.79 percent increase in Q4 net sales to Rs 115.84 crore and a 64 percent surge in net profit to Rs 31.21 crore. EBITDA reached Rs 41.74 crore, up 48.97 percent.
Zee Entertainment Enterprises: The company has demanded a termination fee of $90 million from Sony Pictures Networks India, now known as Culver Max Entertainment Pvt. Ltd., and Bangla Entertainment Pvt. Ltd., after the $10 billion merger deal was called off in January.
Shilpa Medicare: The company recorded a net profit of Rs 24.5 crore in Q4, rebounding from a loss of Rs 8.04 crore in the previous year. Revenue increased by 10.7 percent to Rs 291.7 crore.
Schneider Electric Infrastructure: The company's net profit plummeted by 92.7 percent to Rs 3.28 crore in Q4, while revenue increased by 14.9 percent to Rs 471.8 crore. Tax expenses amounted to Rs 34.97 crore, and finance costs surged to Rs 32.4 crore.
Sun Pharma: Taro shareholders have approved the company’s merger agreement with Sun Pharma. Upon completion of the merger, Taro will become a privately held company, wholly owned by Sun Pharma.
HCLTech: The company has announced its acquisition of Communications Technology Group assets from Hewlett Packard Enterprise (HPE) for $225 million. This move aims to enhance the company's engineering services for global Communication Services Providers (CSPs) or telecom operators.
Linde India: The Securities Appellate Tribunal (SAT) has overturned a Sebi order against Linde India in a case involving related party transactions.
Page Industries: The company recorded a consolidated net profit of Rs 108.2 crore in Q4, marking a 38.2 percent YoY growth. The company's total revenue increased by 3.2 percent to Rs 995.3 crore.
Kirloskar Industries, Kirloskar Brothers: The National Company Law Tribunal (NCLT) in Mumbai has granted permission to Kirloskar Industries (KIL) to sell a portion of their shares in Kirloskar Brothers (KBL). According to the 73-page order, NCLT has ruled that KIL must first offer these shares to KBL for sale. If KBL does not respond to the offer within 30 days, KIL will then be allowed to sell the shares to third parties.
Honasa Consumer: The revenue of skincare brand Mamaearth's parent company increased by 21 percent to Rs 471 crore in Q4 compared to the previous year, with a net profit of Rs 30 crore.
Delhivery: The logistics company has announced a nationwide partnership with the beauty brand Sugar Cosmetics for comprehensive B2B operations.
Gabriel India: The company announced a 56.1 percent increase in Q4 net profit to Rs 52.7 crore and a 16.5 percent rise in revenue to Rs 858.6 crore.
Precision Camshafts: The company's Q4 net profit declined by 70 percent to Rs 3.35 crore, and revenue also decreased by 8 percent to Rs 256.2 crore.
Sandhar Technologies: The company reported a 45.1 percent increase in Q4 net profit to Rs 35.9 crore and a 20 percent growth in revenue to Rs 917.8 crore. The board appointed Jayant Davar as Chairman & CEO, while Dharmendar Nath Davar resigned as Chairman and Director.
Rupa & Company: The company's Q4 net profit increased by 28.4 percent to Rs 24.2 crore, while revenue decreased by 1.6 percent to Rs 400.5 crore.
Ganesha Ecosphere: The company reported a 1.32 percent increase in Q4 net sales, totaling Rs 305.53 crore, and a 40.4 percent surge in net profit, reaching Rs 21.60 crore. EBITDA reached Rs 51.51 crore, marking a 38.36 percent YoY increase.
LCC Infotech: The company reported a 98.16 percent decrease in Q4 net sales to Rs 0.02 crore and a net loss of Rs 35.72 crore. EBITDA was negative at Rs 0.42 crore.
Paramone Concepts: The company announced a 41.88 percent decrease in Q4 net sales to Rs 23.52 crore and a slight 0.1 percent increase in net profit to Rs 4.67 crore. EBITDA was at Rs 6.16 crore, down 37.59 percent.
Pennar Industries: The company announced a 23.09 percent increase in Q4 net sales to Rs 822.80 crore and a 22.58 percent rise in net profit to Rs 28.61 crore. EBITDA reached Rs 81.31 crore, up 14.91 percent.
