KEY HIGHLIGHTS
Rupee Closes Flat Against US Dollar
The local currency settled flat at 83.97 against the US Dollar on Tuesday.
Source: Cogencis
Sensex, Nifty Log Worst Session In Over A Week As Banking Shares Weigh: Closing Bell
Benchmark Indian equity indices ended lower in the second consecutive session to log their worst session since August 5 as shares of banks weighed on them.
HDFC Bank fell in today's session after the weightage of the private lender in MSCI India Domestic Index decreased 0.20% to 8.31%. Meanwhile, it got an expected weight increase in MSCI Global Standard Index.
The Nifty closed 0.85% or 208 points lower at 24139.0 and the Sensex closed 0.87% or 692.89 points lower at 78956.03. Intraday, the both the Nifty and Sensex fell 0.95%.
"With a big red candle, the index is comfortably back in the range of 23,960-24,400," said Aditya Gaggar, director of Progressive Shares. "We advise to wait until the Index provides a clear picture by violating either range."
Shares of HDFC Bank Ltd., State Bank Of India, Bajaj Finance Ltd., Kotak Mahindra Bank Ltd., and Tata Motors Ltd. dragged the Nifty. While those of Titan Co. Ltd., Reliance Industries Ltd., Apollo Hospitals Enterprises Ltd., HCL Technologies Ltd., and Dr. Reddy's Laboratories Ltd. minimised the losses.
All sectoral indices ended lower except Nifty IT, which ended flat.
Broader markets underperformed benchmark indices. The BSE Midcap and Smallcap indices settled 0.94% and 1.14% lower, respectively.
On BSE, 19 sectoral indices out of 20 ended lower and one advanced. The BSE Commodities declined the most, while BSE Consumer durables emerged as the best performing sector.
Market breadth was skewed in favour of sellers. Around 2,657 stocks declined, 1,282 stocks rose, and 87 stocks remained unchanged on BSE.
Market At Close
Nifty, Sensex close lower in the second session; log worst session since August 5
Nifty ends 0.85% or 208 points lower at 24139.00
Sensex ends 0.87% or 692.89 points lower at 78956.03
Broader indices also ended lower; Nifty Midcap 100 ended 0.8% down and Nifty Smallcap 250 fell 1.23%
All sectoral indices closed lower except Nifty IT, which ended flat; Nifty Financial Services was the top loser
Titan Company and Apollo Hospitals were top Nifty gainers
HDFC Bank and BPCL were top losers among Nifty stocks
IRCTC Q1 Earnings (Consolidated, YoY)
Net profit up 32.7% at Rs 308 crore vs Rs 232 crore
Revenue up 11.8% at Rs 1,120 crore vs Rs 1,002 crore
EBITDA up 9.3% at Rs 375 crore vs Rs 343 crore
Margin at 33.5% vs 34.2%
SKF India Q1 Earnings (Consolidated, YoY)
Net profit up 2.9% at Rs 159 crore vs Rs 154 crore
Revenue up 4.9% at Rs 1,206 crore vs Rs 1,150 crore
EBITDA down 6.9% at Rs 194 crore vs Rs 208 crore
Margin at 16.1% vs 18.1%
Samvardhana Motherson Q1 Earnings (Consolidated, YoY)
Revenue up 29% at Rs 28,868 crore vs Rs 22,462 crore
EBITDA up 44% at Rs 2,775 crore vs Rs 1,925 crore
EBITDA margin at 9.6% vs 8.6%
Net profit up 69% at Rs 1,097 crore vs Rs 648 crore
Hindalco Industries Q1 Results (Consol, YoY)
Net profit up 25% at Rs 3,074 crore vs Rs 2,454 crore
Revenue up 8% at Rs 57,013 crore vs Rs 52,991 crore
EBITDA up 31.3% at Rs 7,503 crore vs Rs 5,714 crore
Margin at 13.2% vs 10.8%
Key Highlights
Aluminum upstream segment Ebitda up 80% YoY at Rs 3493 crore, up 80% YoY from Rs 1935 crore
Upstream Ebitda margins stood at 40%, supported by lower costs
Aluminum downstream segment's Ebitda per tonne down 32% YoY at $138 per tonne
Sales of downstream aluminium up 18% YoY at 96 kilo- tonne
Ebitda for copper business up 52% YoY at Rs 805 crore
Growth in copper business on higher average copper prices, robust operations
Quarterly Copper metal sales 119 kilo tonne
Gujarat Fluorochem Q1 Earnings (Consol, YoY)
Revenue down 2.7% at Rs 1,176 crore vs Rs 1,209 crore
Net profit down 46.3% at Rs 108 crore vs Rs 201 crore
EBITDA down 24.7% at Rs 262 crore vs Rs 348 crore
Margin at 22.3% vs 28.8%
LIC Cuts Stake In Voltas
Cuts stake in Voltas by 2.1% to 4.75% between June and August, 2024
Source: Exchange filing
Godrej Industries Q1 Earnings (Consolidated, YoY)
Net profit at Rs 641 crore vs Rs 291 crore
Revenue down 5.73% at Rs 4,248 crore vs Rs 4,506 crore
EBITDA up 38.2% at Rs 334 crore vs Rs 242 crore
Margin at 7.9% vs 5.4%
Ethanol Price Hikes Will Generate Better Cash Flow For Sugar Companies, Says Shakti Sugars Chairman
In terms of profitability, there will not be much differences as it will be for cash flow.
So, if the ethanol prices go up, the cash will flow from oil to sugar companies, and they will pay the farmers better.
It's high time for a price announcement because cost of production is going up as government has been tweaking the minimum support price.
They should make it normal that when they raise cane prices, they hike ethanol prices as well.
Source: M. Manickam, chairman and managing director, Shakti Sugars
Dilip Buildcon Q1 Earnings (Consol, YoY)
Net profit at Rs 140 crore vs Rs 12.3 crore
Revenue up 7.3% at Rs 3,134 crore vs Rs 2,921 crore
EBITDA up 21.4% at Rs 478 crore vs Rs 2,921 crore
Margin at 15.2% vs 13.5%
Sugar Stocks In Focus
Govt mulls ethanol price hike for 2024-25 season to incentivise production, meet blending goals
Committee headed by joint secretary from Petroleum Ministry already held one round of discussions
Govt pushing for diversification of feedstocks, aims to achieve 20% blending target by 2025-26
Source: Sources to PTI
Ipca Labs Q1 Earnings (Consolidated, YoY)
Net profit up 21.3% at Rs 199 crore vs Rs 164 crore
Revenue up 32% at Rs 2,093 crore vs Rs 1,585 crore
EBITDA up 27.6% at Rs 393 crore vs Rs 308 crore
Margin at 18.8% vs 19.4%
Nifty Bank Falls After Four-Session Rally
The index had risen 1.7% in the last four days before falling 1% on Tuesday.
Nifty, Sensex Fall As HDFC Bank, Tata Motors, Grasim Weigh: Midday Market Update
India's key stock indices fell through midday on Tuesday, following a flat opening, weighed by index heavyweights HDFC Bank Ltd., Tata Motors Ltd., and Grasim Industries Ltd.
At 11:45 p.m., the NSE Nifty 50 was trading 0.12%, or 28 points, lower at 24,314.10, and the BSE Sensex fell 0.16%, or 128 points, to trade at 79,520.92. The Nifty had opened flat at 24,342.35, and the Sensex opened 0.12% lower to 79,552.51.
"The market is expected to remain range-bound as investors await key US inflation data. Despite this, sector-specific movements are likely, and any significant declines may present buying opportunities. The overall market sentiment remains bullish due to strong economic data and positive quarterly results," said Vikas Jain, head of research at Reliance Securities.
Shares of Reliance Industries Ltd., Titan Company Ltd., Bharti Airtel Ltd. and Larsen and Toubro Ltd. contributed the most to the gains in the Nifty 50.
While those of HDFC Bank Ltd., Tata Motors Ltd., and Grasim Industries Ltd. weighed on the index.
On NSE, seven sectors advanced and five declined. The NSE Nifty Pharma rose the most, while the NSE Nifty Finance fell the most.
The broader indices were trading in the green, with the BSE Midcap and Smallcap gaining 0.07% and 0.23%, respectively, through midday on Tuesday.
Eight sectoral indices on the BSE were trading in the red, led by BSE Financial Services. Twelve were trading higher, with BSE Consumer Durables in the lead.
The market breadth was skewed in the favour of the sellers. Around 1,902 stocks declined, 1,808 advanced, and 145 remained unchanged on the BSE.
Dixon Tech Completes Ismartu Stake Acquisition
Completes acquisition of 50.1% stake in Ismartu India for Rs 276 crore
Source: Exchange Filing
Enam Holdings Manish Chokhani Exclusive To NDTV Profit
The world is undergoing a regime change
India's positioning in world has never been better
We have to grow up and act like we are one of the largest economies in the world
Indian forex reserves are now 15% of our GDP
If we do not act, we will end up importing inflation
India's equity market cap is at 150% of the country's GDP
Favorable policies can lead to a deluge of money into Indian markets
Foreign investors are waiting for a price or time correction to come in
A super majority in the parliament would have led to swifter decisions
The terminal value and longevity of India has improved
The premise of Indian growth is stable and sustainable is correct
Bernstein On HDFC Bank Weight In MSCI Index
Current foreign ownership is 54%
Upward revision of HDFC Bank’s foreign inclusion factor
Further upward revision of HDFC Bank's factor from 0.75 to 1
Revision in Nov only if foreign ownership below 59.2%
Increase in factor to cause incremental inflow of $2-2.5 billion
Indus Tower Buyback Opens Wednesday
Share buyback to open on August 14, close on August 21
Source: Exchange Filing
Man Industries To Set Up New Plant In Saudi Arabia
To set up new plant at Dammam, Saudi Arabia with project cost of Rs 600 crore
Plant to include line pipe manufacturing & coating facility, to cater Saudi Arabia’s growing demand
Source: Exchange Filing
Alembic Pharma Gets US FDA Nod For Dabigatran Etexilate capsules
Gets US FDA final approval for ANDA of Dabigatran Etexilate capsules
Dabigatran Etexilate capsules are a generic of Pradaxa capsules and are indicated for prophylaxis of deep vein thrombosis and pulmonary embolism following hip replacement surgery.
Source: Exchange Filing
Happiest Minds Hits Four-Month Low As June Quarter Net Profit Falls
Shares of Happiest Minds Technologies Ltd. fell to hit their lowest level in four months after the company reported a sequential decline in its net profit for the quarter ended June.
Venkatraman Narayanan, MD & CFO of Product and Digital Engineering Services of the company told NDTV Profit that its profit and loss was hit by Rs 6.5 crore on account of acquisitions and also had a high base of Rs 13 crore write back in previous quarter.
Bikaji Foods To Consider Stake Buy In Ariba Foods
To consider acquiring stake in Ariba Foods on Aug 23
Source: Exchange Filing
KPI Green Hits Lower Circuit
On Tuesday, the company opened its QIP and set the floor price at Rs 983 per share. The stocl hit 5% lower circuit and fell to Rs 1,043.90, the lowest level since Aug 12. The scrip reversed a four-day gaining streak on Tuesday. As of 10:57 a.m., it came out of 5% lower circuit, and was trading 4.43% lower at Rs 1,054.90 as of 10:58 a.m.
Hindustan Copper Jumps On Strong Results
Shares of Hindustan Copper Ltd. rose 5.53% to Rs 319.50, the highest level since Aug 1. It pared gains to trade 3.19% higher at Rs 312.40 as of 10:34 a.m., as compared to 0.22% decline in the NSE Nifty index.
The scrip gained 105.94% in 12 months, and 14.6% on year to date basis. Total traded volume so far in the day stood at 4.0 times its 30-day average. The relative strength index was at 49.65.
Olectra Greentech Jumps The Most In Five Months As Q1 Net Profit Jumps 33% YoY
Shares of Olectra Greentech Ltd. witnessed its best jump since March 14 in Tuesday's session following the release of its June quarter earnings. The company's net profit for the reporting quarter was up 33% year-on-year to Rs 24 crore.
Senco Gold Jumps After Q1 Results
Shares of Senco Gold Ltd. rose 9.03% on Tuesday post the release of the quarterly financial earnings for the quarter ended June 2024.
The jeweler reported a 82% uptick in its net profit on a yearly basis for the first quarter of this financial year, beating street expectations.
Unicommerce eSolutions Lists At 112.96% Premium To Issue Price On NSE
Lists at Rs 230 on BSE vs issue price of Rs 108
Lists at a premium of 112.96% on BSE
Lists at Rs 235 on NSE vs issue price of Rs 108
Lists at a premium of 117.59% on NSE
Firstcry Lists At 40% Premium To Issue Price On NSE
Lists at Rs 651 on NSE vs issue price of Rs 465
Lists at a premium of 40% on NSE
Lists at Rs 625 on BSE vs issue price of Rs 465
Lists at a premium of 34.4% on BSE
Source: Exchanges
Nifty Pharma Hits Lifetime High
Shares of Aurobindo Pharma, Lupin and Cipla were the top gainers.
Inox Wind Hits Lifetime High On Order Win
Inox Wind Ltd. shares gained over 13% in early trade on Tuesday after the company bagged a 51 megawatt equipment supply order from a Tamil Nadu client and investors remained bullish following its impressive first quarter results.
Aarti Industries Hits Lower Circuit
The stock hit its lower circuit limit of 10% which was later revised. It was trading 12% lower at Rs 646.30 as of 9:47 a.m., when the Nifty was flat.
RattanIndia Shares Jump 11% After Q1 Results
Shares of RattanIndia Enterprises Ltd. surge nearly 11% post the release of the company's quarterly financial results. The company had recorded a nearly fivefold profit for the quarter ended June at Rs 851.3 crore.
HDFC Bank Snaps Four-Session Rally As Weightage Falls In MSCI Domestic Index
The stock dragged the Nifty 50 index by 72 points at 9:36 a.m., when it was trading 27 points lower.
Sensex, Nifty Flat At Open As ICICI Bank Leads Gains But HDFC Bank Weighs: Opening Bell
Benchmark equity indices saw a muted opening after closing flat in the previous session as gains in the shares of offset some impact of losses in HDFC Bank, which fell over 2%.
At pre-open, the Nifty was flat at 24342.35 and the Sensex was at 79552.51, down 0.12% or 96.41 points.
"We believe the current intraday market structure is volatile, hence level based trading would be the ideal strategy for day traders," said Shrikant Chouhan, head of equity research at Kotak Securities.
"For the Bulls, 24500/80100 would be the immediate breakout zone," he said adding that above this, the market could rally towards 24700-24900/80600-81200. "On the other hand, a close below 24200/79200 the sentiment could change and the market can retest 24000-23800/78600-78000 levels," he said.
Shares of ICICI Bank Ltd., Axis Bank Ltd., Reliance Industries Ltd., Kotak Mahindra Bank Ltd., and Tata Consultancy Services Ltd contributed the most to the gains.
While those of HDFC Bank Ltd., Tata Motors Ltd., Power Grid Corp. Ltd., Asian Paints Ltd., and Hindustan Unilever Ltd weighed.
Most sectoral indices were higher with Nifty Media gaining the most and Nifty Financial Services fell the most.
Sensex, Nifty Little Changed At Pre-Open
At pre-open, the Nifty was flat at 24342.35 and the Sensex was at 79552.51, down 0.12% or 96.41 points.
Motilal Oswal Initiates 'Buy' On Signature Global
Price target of Rs 2,000, implying 38% upside
Reported 63% CAGR in pre-sales over FY21-24
Expect to clock pre-sales CAGR of 35% over FY24-27
Strong around 30 million square feet project pipeline to be launched in next two years
Expect cumulative operating cash flow of Rs 9,500 crore over FY25-27 leaves ample room for growth
Believes valuations yet to capture future growth potential
Jefferies On ONGC
Maintains 'buy', raises target to Rs 420 implying 26% upside
Ministry of Petroleum and Natural Gas approves 20% premium price for domestic gas from new wells
Premium pricing to apply to 14/21/28% of ONGC’s volumes in FY25/26/27
New pricing increases FY26/27 EPS estimates by 2-3%
Revises FY26/27 net profit estimates by 2%/4%
Key upside trigger: Production ramp up from KG basin from Q3FY25, removal of upstream cess
L&T Tech Signs New Multi-Year Pact With Shell
Shell signs new multi-year framework pact with company
Company to provide design & procurement services for Shell’s global assets
Source: Exchange Filing
Yield On The 10-Year Bond Opens
The yield on the 10-year bond opened flat at 6.87%.
It closed at 6.88% on Monday.
Source: Bloomberg
Rupee Strengthens Against US Dollar
Rupee strengthened by 2 paise to open at 83.95 against the US dollar.
It closed at 83.97 on Monday.
Source: Bloomberg
Inox Wind Gets 51 MW Equipment Supply Order
Gets 51 MW equipment supply order from Everrenew for project in Tamil Nadu
Source: Exchange Filing
Citi On ONGC
Maintains 'buy' at target of Rs 350, implying 2.6% upside
Ministry of Petroleum and Natural Gas approves 20% premium price for domestic gas from new wells
New gas pricing regime to apply to 10% of ONGC's current gas production
New gas pricing regime to apply to 20-25% of production in 2-3 years
ONGC's gas price realizations could rise from $6.5 to $7.5 per million metric British Thermal Unit
Veefin Solutions Acquires Nityo Tech
Veefin Group acquires Nityo Tech to lead digital transformation in the BFSI sector
Nityo Tech is the India arm of Nityo Singapore
Source: Exchange Filing
Delhi HC Declines To Admit Max Financial PIL
Delhi HC declines to admit the PIL pertaining to allegations made on Axis Bank, group cos
Petition filed in HC alleges Axis Bank, group cos made undue profits by trading shares of co
Delhi HC Court disposes plea noting that the matter is under the consideration of concerned regulators
Source: Exchange Filing
Reliance Infra Arm Incorporates New Subsidiary
Arm Reliance Energy incorporates new subsidiary Reliance Jai Properties
Source: Exchange Filing
Happiest Minds Q1 Earnings (Consolidated, QoQ)
Revenue up 11.2% at Rs 464 crore vs Rs 417 crore
EBIT down 8.1% at Rs 62.8 crore vs Rs 68.3 crore
Margin at 13.5% vs 16.4%
Net profit down 29.1% at Rs 51 crore vs Rs 71.9 crore
MSCI August Review
27 additions, six deletions from India in MSCI Global Small Cap Indexes for Emerging Markets.
Bandhan Bank and Go Digit General Insurance among top additions.
Dixon Technologies has been upgraded to Mid Cap
Indian Renewable Energy Development Agency, Cochin Shipyard, Housing Urban Development Corp. removed.
However, India's weight dips 20 basis points to 28.8%.
Global Cues
US Dollar Index at 103.17.
US 10-year bond yield at 3.91%.
Brent crude down 0.50% at $81.89 per barrel.
Nymex crude down 0.54% at $79.63 per barrel.
GIFT Nifty was up 32.5, or 0.13% at 24,337.50 as of 7:08 a.m.
Bitcoin was up 1.45% at $59,709.58.
F&O Cues
Nifty August futures up by 0.29% to 24,357 at a premium of 10 points.
Nifty August futures open interest down by 0.04%.
Nifty Bank August futures up by 0.29% to 50,721 at a premium of 143 points.
Nifty Bank August futures open interest down by 3%.
Nifty Options Aug. 14 Expiry: Maximum call open interest at 25,000 and maximum put open interest at 23,500.
Bank Nifty Options Aug. 14 Expiry: Maximum call open interest at 52,000 and maximum put open interest at 49,000.
Securities in ban period: Aditya Birla Capital, Aditya Birla Fashion and Retail, Bandhan Bank, Biocon, Birlasoft, Granules India, Hindustan Copper, India Cements, IndiaMart Intermesh, LIC Housing Finance, Manappuram, Punjab National Bank, RBL Bank, Steel Authority of India Ltd., Sun TV Network.
Money Market Update
The Indian rupee closed at a record closing low against the US dollar on Monday.
The rupee closed flat at Rs 83.97 after opening little changed at Rs 83.95 against the US dollar, according to Bloomberg. It had closed at Rs 83.96 on Friday.
Trading Tweaks
Price band change from 20% to 10%: Sakuma Exports, SMS Lifesciences India.
Ex/record dividend: The Great Eastern Shipping Co., EIH Associated Hotels, Heritage Foods, Fine Organic Industries, Dhunseri Ventures, Bandhan Bank, S.J.S. Enterprises, Navneet Education, Lloyds Metals and Energy, IKIO Lighting.
Ex/record bonus: EIH Associated Hotels.
Ex/record rights: Orient Green Power.
Ex/record buyback: Navneet Education.
Ex/record AGM: RPSG Ventures, CESC, Heritage Foods, Fine Organics, Dhunseri Ventures, Bandhan Bank, Spencer Retail, S.J.S. Enterprises, Navneet Education, Lloyds Metals and Energy, IKIO Lighting.
Moved in short-term framework: Garware Hi-Tech Films, Kfin Technologies, Sakuma Exports, Suzlon Energy.
Moved out short-term framework: Kellton Tech Solutions.
Bulk Deals
Saregama India: Hill Fort India Fund LP sold 20.38 lakh shares (1.05%) at Rs 480.1 apiece and Amansa Holdings Pvt. bought 15.15 lakh shares (0.78%) at Rs 480 apiece.
DCW: Albula Investment Fund Ltd. bought 24.64 lakh shares (0.83%) at Rs 71.35 apiece and LTS Investment Fund sold 24.64 lakh shares (0.83%) at Rs 71.35 apiece.
Block Deal
Shanti Educational Initiatives: Legends Global Opportunities (Singapore) Pte. bought 6.7 lakh shares (0.41%) at Rs 150.05 apiece and LGOF Global Opportunities Ltd. sold 6.7 lakh shares (0.41%) at Rs 150.05 apiece.
IPO offering
Saraswati Saree Depot: The public issue was subscribed 4.37 times on day one. The bids were led by qualified institutional investors (1.19 times), non-institutional investors (12.62 times), and retail investors (5.39 times).
Listing
Brainbees Solutions Ltd.: The company's shares will debut on the stock exchanges on Tuesday at an issue price of Rs 465 apiece. The Rs 4,193.73-crore IPO was subscribed to 12.22 times on its third and final day. Bids were led by institutional investors (19.3 times), retail investors (2.31 times), non-institutional investors (4.68 times), and reserved for employees (6.57 times).
Unicommerce eSolutions: The company's shares will debut on the stock exchanges on Tuesday at an issue price of Rs 108 apiece. The Rs 276.57-crore IPO was subscribed to 168.35 times on its third and final day. Bids were led by institutional investors (138.75 times), retail investors (130.99 times), and non-institutional investors (252.46 times).
Stocks To Watch
GR Infraprojects: The company received a letter of intent from REC Power Development for a transmission project in Karnataka.
Marico: The company’s manufacturing operations in Bangladesh have resumed at normal scale.
Crisil: The company’s unit will form a private entity to serve as an industry association for SEBI-registered ESG rating service providers.
JSW Steel: The company is set to acquire up to 66.7% economic interest in M Resources NSW through the purchase of Class B shares. The acquisition will be made at a cost of $120 million, with an additional investment obligation of $50 million. M Resources NSW holds a 30% stake in the mine operator of coking coal mines located in New South Wales, Australia.
Aditya Birla Sun Life: Parag Joglekar resigned as CFO effective Sept. 13.
Power Grid Corp.: The company received a letter of intent for a 20 GW inter-state transmission line in Rajasthan.
Kotak Mahindra Bank: The company’s units, Sonata Finance and BSS Microfinance, have approved the merger with each other.
KPI Green Energy: The company opened its QIP and set the floor price at Rs 983 per share.
Jindal Stainless: The company has been accredited by BrahMos Aerospace as a qualified vendor for steel sheets.
Earnings In Focus
AllCargo Logistics, Anupam Rasayan India, Apollo Hospital Enterprise, Ashoka Buildcon, Astra Microwave Products, Dilip Buildcon, Eclerx Estates, Endurance Technologies, EPL, Fiem Industries, Gujarat Fluorochemical, GMR Airports Infrastructure, GNFC, Godrej Industries, HEG, Hero MotoCorp, Hindalco Industries, IPCA Laboratories, IRCTC, Isgec Heavy Engineering, Kama Holdings, Landmark Cars, Manappuram Finance, Marksans Pharma, Max Financial Services, Samvardhana Motherson International, MTAR Technologies, Muthoot Finance, Nazara Technologies, NBCC, NMDC Steel, FSN E-Commerce Ventures, Piramal Enterprises, Rainbow Children Medicare, Ratnamani Metals and Tubes, SJVN, TBO Tek, TCI Express, Techno Electric and Engineering, Texmaco Rail and Engineering, VST Tillers Tractors, and Yatharth Hospital and Trauma Care Services.
Earnings Post Market Hours
Vodafone Idea Q1 FY25 (Consolidated, QOQ)
Revenue down 1% at Rs 10,508 crore versus Rs 10,607 crore (Bloomberg estimate: Rs 10,655 crore).
Ebitda down 3% at Rs 4,205 crore versus Rs 4,335 crore (Bloomberg estimate: Rs 4,257 crore).
Margin at 40% versus 40.9% (Bloomberg estimate: 40%).
Net loss at Rs 6,432 crore versus loss of Rs 7,675 crore (Bloomberg estimate: net loss of Rs 7,639 crore).
Campus Activewear Q1 FY25 (Consolidated, YoY)
Revenue down 4.1% at Rs 339 crore versus Rs 354 crore.
Ebitda down 21.9% at Rs 51.8 crore versus Rs 66.3 crore.
Margin at 15.3% versus 18.7%.
Net profit down 19.4% at Rs 25.4 crore versus Rs 31.5 crore.
Hindustan Copper Q1 Results (Consolidated, YoY)
Revenue up 33.15% at Rs 494 crore versus Rs 371 crore.
Ebitda up 103.22% at Rs 189 crore versus Rs 93 crore.
Margin at 38.25% versus 25.06% up 1,319 bps.
Net profit up 140.42% at Rs 113 crore versus Rs 47 crore.
RCF Q1 Results (Consolidated, YoY)
Revenue up 8.7% at Rs 4,396 crore versus Rs 4,043 crore.
Ebitda down 10.3% at Rs 116 crore versus Rs 129 crore.
Margin at 2.6% versus 3.2%.
Net profit down 84% at Rs 10.8 crore versus Rs 67.7 crore.
IRFC Q1 FY25 (YoY)
Total income up 1.3% at Rs 6,766 crore versus Rs 6,676 crore.
Net profit up 1.7% at Rs 1,577 crore versus Rs 1,551 crore.
Doms Industries Q1 FY25 (Consolidated, YoY)
Revenue up 17.41% at Rs 445 crore versus Rs 379 crore (Bloomberg estimate: Rs 453 crore).
Ebitda up 40.32% at Rs 87 crore versus Rs 62 crore (Bloomberg estimate: Rs 81 crore).
Ebitda margin up 319 bps at 19.55% versus 16.35% (Bloomberg estimate: 17.8%).
Net profit up 50% at Rs 54 crore versus Rs 36 crore (Bloomberg estimate: Rs 48 crore).
Dollar Industries Q1 Results (Consolidated, YoY)
Revenue up 2% at Rs 334 crore versus Rs 328 crore (Bloomberg estimate: Rs 356 crore).
Ebitda up 33% at Rs 36 crore versus Rs 27 crore (Bloomberg estimate: Rs 36 crore).
Ebitda margin at 10.8% versus 8.2% (Bloomberg estimate: 10%).
Net profit up 7% at Rs 16 crore versus Rs 15 crore (Bloomberg estimate: Rs 18 crore).
Ingersoll-Rand Q1 Results (YoY)
Revenue up 4.3% at Rs 318 crore versus Rs 305 crore.
Ebitda up 15.2% at Rs 82.7 crore versus Rs 71.8 crore.
Margin at 26% versus 23.5%.
Net profit up 14.8% at Rs 62 crore versus Rs 54 crore.
Senco Gold Q1 Results (Consolidated, YoY)
Revenue up 7.6% at Rs 1,404 crore versus Rs 1,305 crore (Bloomberg estimate: Rs 1,492 crore).
Ebitda up 60.3% at Rs 109 crore versus Rs 68 crore (Bloomberg estimate: Rs 81 crore).
Margin at 7.8% versus 5.2% (Bloomberg estimate: 5.4%).
Net profit up 82% at Rs 51 crore versus Rs 28 crore (Bloomberg estimate: Rs 32 crore).
AMI Organics Q1 FY25 (Consolidated, YoY)
Revenue up 14.9% at Rs 177 crore versus Rs 154 crore (Bloomberg estimate: Rs 200 crore).
Ebitda down 13.3% at Rs 29.5 crore versus Rs 34 crore (Bloomberg estimate: Rs 35 crore).
Margin at 16.7% versus 22.1% (Bloomberg estimate: 17.4%).
Net profit down 34% at Rs 14.7 crore versus Rs 22.2 crore (Bloomberg estimate: Rs 22 crore).
DCX Systems Q1 Results (Consolidated, YoY)
Revenue down 19% at Rs 138 crore versus Rs 170 crore.
Ebitda loss at Rs 5 crore versus Ebitda of Rs 8 crore.
Net profit down 70% at Rs 3 crore versus Rs 10 crore.
Orchid Pharma Q1 Results (Consolidated, YoY)
Revenue up 33% at Rs 244 crore versus Rs 183 crore (Bloomberg estimate: Rs 226 crore).
Ebitda up 35% at Rs 31 crore versus Rs 23 crore (Bloomberg estimate: Rs 32 crore).
Ebitda margin at 12.7% versus 12.6% (Bloomberg estimate: 14.1%).
Net profit at Rs 29 crore versus Rs 9 crore (Bloomberg estimate: Rs 31 crore).
Hudco Q1 (Standalone YoY)
Total income up 19% at Rs 2,188 crore versus Rs 1,843 crore.
Net profit up 25% at Rs 558 crore versus Rs 446 crore (Bloomberg estimate: Rs 556 crore).
Olectra Greentech Q1 FY25 (Consolidated, YoY)
Revenue up 45% at Rs 313 crore versus Rs 216 crore.
Ebitda up 2% at Rs 43 crore versus Rs 42 crore.
Ebitda margin at 13.7% versus 19.4%.
Net profit up 33% at Rs 24 crore versus Rs 18 crore.
NRB Bearings Q1 FY25 (Consolidated, YoY)
Revenue up 6% at Rs 289 crore versus Rs 272 crore.
Ebitda down 7% at Rs 42 crore versus Rs 45 crore.
Ebitda margin at 14.5% versus 16.5%.
Net profit up 37% at Rs 26 crore versus Rs 19 crore.
MM Forgings Q1 FY25 (Consolidated, YoY)
Revenue up 3.2% at Rs 382 crore versus Rs 370 crore.
Ebitda up 11.7% at Rs 73.1 crore versus Rs 65.4 crore.
Margin at 19.1% versus 17.7%.
Net profit up 3.8% at Rs 30.1 crore versus Rs 29 crore.
NMDC Q1 FY25 (Consolidated, YoY)
Revenue up 0.35% at Rs 5,414 crore versus Rs 5,395 crore (Bloomberg estimate: Rs 5,520 crore).
Ebitda up 17.41% at Rs 2,340 crore versus Rs 1,993 crore (Bloomberg estimate: Rs 2,093 crore).
Ebitda margin up 627 bps at 43.22% versus 36.94% (Bloomberg estimate: 37.9%).
Net profit up 19.3% at Rs 1,971 crore versus Rs 1,652 crore (Bloomberg estimate: Rs 1,726 crore).
GIFT Nifty Trades Above 24,300
Indices in Asia-Pacific region rose in early trade tracking Japan's benchmarks' gains on weaker yen, while investors await for US CPI data, due late Wednesday.
The Nikkei 225 was 782.56 points, or 2.23% higher at 35,807.56, and the S&P ASX 200 was up 2.90 points, or 0.04% at 7,816.60 as of 06:27 a.m.
The S&P 500 ended flat, while Nasdaq Composite rose 0.21%. The Dow Jones Industrial Average ended 0.36% lower.
The October contract of brent crude was trading on Intercontinental Exchange 0.62% lower at $81.79 per barrel as of 06:29 a.m.
The spot Gold was trading 0.04% lower at $2,471.79 as of 06:30 a.m.
The GIFT Nifty was trading 26.50 points, or 0.11% higher at 24,370.00 as of 06:31 a.m.
The Indian benchmark indices erased some loss to end Monday on a muted note as Infosys Ltd. and HDFC Bank Ltd. led the gains. The NSE Nifty 50 ended 20.50 points, or 0.08% lower at 24,347, while the S&P BSE Sensex closed down 56.99 points or 0.07% at 79,648.92.
Overseas investors turned net sellers on Monday. Foreign Portfolio Investors offloaded equities worth Rs 4,680.5 crore, while domestic investors remained net buyers for the seventh consecutive session and mopped up equities worth Rs 4,477.7 crore, according to provisional data from the National Stock Exchange.
The Indian currency closed at a record low of 83.97 against the US dollar.
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