Stock to Watch Today - Rupeedesk Reports - 14.02.2023
Stock to Watch Today - Rupeedesk Report
Stock to Watch Today - Rupeedesk Reports
Buzzing Stocks: ONGC, Zee Entertainment, Shree Cements, and others in news today.
Results on February 14: Adani Enterprises, Eicher Motors, Grasim Industries, ONGC, Apollo Hospitals Enterprises, Aster DM Healthcare, Bata India, Bharat Forge, Biocon, Bosch, CESC, GMR Airports Infrastructure, Indiabulls Housing Finance, Ipca Laboratories, NBCC (India), NMDC, PI Industries, PNC Infratech, Prestige Estates Projects, Radico Khaitan, Siemens, Spencers Retail, SpiceJet, Swan Energy, and Torrent Power will be in focus ahead of quarterly earnings on February 14.
Zee Entertainment Enterprises: The media company has reported a 92% year-on-year decline in consolidated profit at Rs 24.31 crore for quarter ended December FY23, dented by weak operating performance, lower topline and exceptional loss (Rs 168.97 crore). Consolidated revenue from operations at Rs 2,111.2 crore fell by 0.07% compared to year-ago period hit by lower advertisement revenue (down 15.6% YoY), but subscription revenue growth was strong at 13.2% in the same period. On the operating front, EBITDA fell by 27.5% YoY to Rs 343.8 crore with margin decline of 615 bps in Q3FY23. Numbers, barring profit, were better than analysts' expectations.
Power Finance Corporation: The public sector company has recorded a 7.8% year-on-year increase in consolidated profit at Rs 3,860 crore for three-month period ended December FY23, aided by write-back of impairment on financial instruments. Net interest income for the quarter at Rs 7,218.7 crore declined by 7.1% compared to year-ago period. The board has declared an interim dividend of Rs 3.50 per share for FY23.
Shree Cement: PN Chhangani resigns as whole-time director of Shree Cement. Prakash Narayan Chhangani has resigned as Whole Time Director of the company effective from close of business hours on February 13, 2023 to pursue his career outside the organization.
NLC India: The coal mining company has posted consolidated loss of Rs 406.7 crore for December FY23 quarter dented by regulatory deferral account balances expenses, against profit of Rs 231.1 crore in year-ago period. Consolidated revenue for the quarter at Rs 3,679 crore jumped 35% over a year-ago period. On the operating front, EBITDA grew by 50.4% YoY to Rs 1,360 crore with margin expansion of 387 bps for the quarter.
Linde India: The industrial gases company has reported a 62.3% year-on-year growth in consolidated profit at Rs 110 crore for quarter ended December FY23, led by operating performance and partly by low base. In Q3FY22, it had an exceptional loss of Rs 18.97 crore. Revenue for the quarter grew by 8.2% YoY to Rs 697 crore, while on the operating front, EBITDA jumped 13.4% YoY to Rs 167.8 crore with margin expansion of 110 bps YoY.
Castrol India: The automotive and industrial lubricant manufacturing company has clocked a 2.5% year-on-year growth in profit at Rs 193.32 crore for December FY23 quarter dented by weak operating performance. Revenue for the quarter at Rs 1,176 crore grew by 7.8% YoY. At the operating level, EBITDA fell by 5.8% YoY to Rs 250.6 crore with margin contraction of 307 bps due to higher input cost.
Steel Authority of India: The steel production company has registered a 64.5% YoY decline in profit at Rs 542 crore for quarter ended December FY23, impacted by lower topline and operating income. Revenue for the quarter at Rs 25,042 crore fell by 0.8% compared to same period last year. At operating level, EBITDA for the quarter dropped by 39% YoY to Rs 2,078.5 crore with margin down by 517 bps. Numbers, barring topline, were better than analysts' estimates.
FSN E-Commerce Ventures: The Nykaa Fashion operator has recorded a 71% year-on-year decline in consolidated profit at Rs 8.2 crore for quarter ended December FY23 impacted by weak operating margin performance. Revenue from operations grew by 33.2% YoY to Rs 1,463 crore with strong GMV (gross merchandise value) growth of 37% YoY. On the operating front, EBITDA rose by 13.3% to Rs 78.2 crore with scale efficiencies in fulfilment and marketing expense, but EBITDA margin fell 94 bps to 5.34% for the quarter. On a sequential basis, Nykaa clocked 99.4% growth in profit with revenue rising 19% and EBITDA climbing 28% with margin expansion of 38 bps.
GR Infraprojects: The construction engineering company has recorded a 122.5% YoY growth in consolidated profit at Rs 323.6 crore for December FY23 quarter, supported by strong operating performance. Revenue for the quarter grew by 12% YoY to Rs 2,192 crore. On the operating front, EBITDA surged 62.5% YoY to Rs 595 crore with margin expansion of 841 bps YoY at 27.13% for the quarter.
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