April 19, 2024

January 20, 2024 / 06:42 AM IST

Outcomes on January 20: ICICI Financial institution, Kotak Mahindra Financial institution, Union Financial institution of India, IDBI Financial institution, IDFC First Financial institution, Indian Renewable Power Growth Company, Persistent Programs, Aarti Surfactants, Can Fin Houses, Jammu & Kashmir Financial institution, JK Cement, LKP Securities, Rossari Biotech, Seshasayee Paper & Boards, Sportking India, Tatva Chintan Pharma Chem, and Waaree Renewable Applied sciences might be in focus forward of their quarterly earnings on January 20.

Reliance Industries: Billionaire Mukesh Dhirubhai Ambani-owned firm has reported wholesome numbers for the quarter ended December FY24, with consolidated internet revenue rising 10.9 p.c on-year to Rs 19,641 crore and EBITDA rising sharply by 16.7 p.c on-year to Rs 44,678 crore, boosted by retail, digital (Jio), and oil and fuel companies. Consolidated income of Rs 2,48,160 crore for the quarter grew by 3.2 p.c YoY, supported by continued development momentum in shopper companies. The EBITDA margin expanded by 210 bps YoY to 18 p.c for the quarter. [Disclosure: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary].

Buzzing Stocks

Hindustan Unilever: The FMCG main has recorded a 0.6 p.c on-year enhance in standalone internet revenue at Rs 2,519 crore for the October-December quarter of FY24, because of weak topline and muted margin development (of 10 bps YoY). Income from operations fell by 0.3 p.c to Rs 15,188 crore in comparison with the year-ago interval because of a decline within the development of the house care and wonder and private care segments.

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One 97 Communications: The Paytm operator has posted a internet lack of Rs 219.8 crore for the October–December FY24 quarter, narrowing from a lack of Rs 392 crore in the identical interval final 12 months. Income from operations surged 38.2 p.c year-on-year to Rs 2,850.5 crore for the quarter. Income from cost providers grew by 45 p.c YoY to Rs 1,730 crore, partly boosted by the timing of the festive season. The online cost margin was up 63 p.c YoY at Rs 748 crore, and the gross merchandise worth (GMV) elevated 47 p.c YoY to Rs 5.1 lakh crore.

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Tata Metal: The Tata Group firm will start statutory session as a part of its plan to rework and restructure its UK enterprise. As much as 2,800 workers are anticipated to be doubtlessly affected, out of which round 2,500 roles might be impacted within the subsequent 18 months. The corporate proposed to commit in extra of 130 million kilos to a complete assist package deal for affected workers, and that is along with the 100 million kilos of funding for the Transition Board arrange with the UK and Welsh governments to assist affected workers, contractors, and communities. Beneath the transformation plan, Tata Metal will embark on a 1.25 billion pound funding in electrical arc furnace know-how in Port Talbot and asset upgrades to safe long-term, high-quality manufacturing on the UK’s largest steelmaker. The proposed funding is supported by the UK authorities, which has dedicated as much as 500 million kilos to allow the transformation.

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CESC: The electrical energy distribution firm has registered a 11.91 p.c on-year decline in consolidated revenue at Rs 281 crore for the quarter ended December FY24, impacted by decrease working numbers and tepid income development. Income from operations grew by 3.7 p.c to Rs 3,244 crore in the course of the quarter, in comparison with Rs 3,129 crore within the year-ago interval.

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Zee Leisure Enterprises: The media and leisure firm has issued clarification on a media report, “Sony board to take name on $10 billion merger with firm at the moment’, saying it’s not conscious of, and can’t touch upon, any board assembly held or proposed to be held by Culver Max Leisure (previously Sony Photos Networks India). Zee is dedicated to the merger with Sony and is continuous to work in direction of the profitable closure of the proposed merger. It engaged in good religion negotiations with Sony with a view to discussing the extension of the date required to make the scheme efficient by an affordable time period.

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KPI Inexperienced Power: Subsidiary KPIG Energia has acquired a brand new order of 5.60 MW for executing a solar energy venture from Shree Varudi Paper Mill LLP. The initiatives are scheduled to be accomplished within the monetary 12 months 2024–25 in numerous tranches as per the phrases of the order.

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Fortis Healthcare: Agilus Diagnostics, a cloth subsidiary of the corporate, has acquired a discover from the Anti-Corruption Department, Authorities of the Nationwide Capital Territory of Delhi, in respect of alleged anomalies in diagnostic assessments carried out within the Aam Aadmi Mohalla Clinic. Agilus has rendered providers for a complete of Rs 20.40 crore until December 2023, which is lower than 2 p.c of its consolidated income. Nonetheless, as of date, Agilus has solely acquired a sum of Rs 3.30 crore from the Directorate Normal of Well being Providers, Delhi Authorities.

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CreditAccess Grameen: The microfinance establishment has recorded 63.8 p.c on-year development in internet revenue at Rs 353 crore for the quarter ended December FY24. Internet curiosity earnings elevated by 41.6 p.c YoY to Rs 802.4 crore for the quarter, with the gross mortgage portfolio rising 31.5 p.c to Rs 23,382 crore. Pre-provision working revenue grew by 58.6 p.c YoY to Rs 601.8 crore in the course of the quarter.

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Sunteck Realty: The true property developer has reported a internet lack of Rs 9.7 crore for the quarter ended December FY24, impacted by weak working efficiency with greater enter prices and dismal topline efficiency. Within the year-ago interval, revenue stood at Rs 2.07 crore. Income from operations fell by 52.5 p.c YoY to Rs 42.45 crore throughout the identical quarter.

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Prataap Snacks: In a clarification be aware to exchanges on the information merchandise in a media report, ‘Haldiram’s seeks to purchase Indian chip maker Prataap Snacks’, Prataap Snacks says it’s not in negotiations as reported within the information article and isn’t conscious of any info that has not been introduced to the exchanges.

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RBL Financial institution: The non-public sector lender has recorded standalone revenue at Rs 233 crore for the quarter ended December FY24, rising 12 p.c YoY however lacking analysts estimates. Excluding contingent provision on AIF investments, internet revenue grew 53 p.c YoY to Rs 319 crore. Internet curiosity earnings elevated by 21 p.c YoY to Rs 1,546 crore for the quarter. On the asset high quality entrance, gross NPA was flat at 3.12 p.c QoQ, however internet NPA rose 2 bps QoQ to 0.80 p.c in the course of the quarter.

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HFCL: The corporate has acquired a purchase order order price Rs 623 crore for the provision of indigenously manufactured telecom networking tools for the 5G community of one of many home telecom service suppliers.

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Tejas Networks: The broadband, optical, and wi-fi networking firm has posted a consolidated internet lack of Rs 44.9 crore within the October–December FY24 quarter, widening from a lack of Rs 15.2 crore within the year-ago interval, impacted by greater enter prices. Nonetheless, income from operations grew by 104 p.c YoY to Rs 560 crore for the quarter.