2021-05-14 06:20:20
Morning Updates
~ India’s CPI for April at 4.29% vs 5.52% YoY.
~ The Govt. is willing to invite other companies to take formula of Covaxin for production of Vaccines faster.
~ RBI says conversion/switch of 200Bn of Govt. securities to be conducted via auction on May 17
Corporate News
~ NHPC – Co. gets nod to take over 2% equity of PTC India in Chenab valley power projects.
~ Persistent Systems – Co. joins growing ecosystem of partners using IBM cloud paks with Red Hat openshed to modernize mission-critical workloads.
~ Panacea – Govt. has told Bharat Biotech and Panacea to come together and ramp up production of Covaxin.
Securities in ban for trade date 14-May-2021:
~ BHEL
~ CADILAHC
~ CANBK
~ PNB
~ SUNTV
Sectors in focus – Pharma, Paints, IT, Automobiles.
Key Results today: 14 May, 2021: L&T, Just Dial, Privi Specialty Chemicals Ltd, Indigo Paints, Reliance Infra, Cipla Ltd
Key Results highlights – 12 & 13 May, 2021
~ Voltas Ltd (Good results)
India’s leading air conditioner manufacturer reported 49% rise in PAT to Rs 239Cr from 160Cr in Q4FY20.
Its total income grew 25% from 2150Cr to 2683Cr YoY.
Voltas’ revenue from cooling products was up 20%, from electro mechanical projects was up 37%.
Board recommended dividend of Rs5/Share.
~ UPL Ltd (Excellent results)
Company reported Net profit of Rs 1361Cr up 73.6% YoY.
Revenue rose 14.86% YoY to 12796Cr while volumes rose 18%.
Company’s EBITDA jumped from 2169Cr to 2839Cr up 31% YoY.
On annual basis company reported Net Profit of Rs 3495Cr up 60.46%.
Revenue in India rose 23%, Latin America 40%.
Board recommended dividend of Rs 10/Share.
~ Apollo Tyres (Good Results)
Company reported consolidated Net Profit of 287.26Cr up 268.94% YoY, down 35.27% QoQ.
Revenue from operations rose 39% YoY to 5026Cr against 3616Cr in Q4FY20.
On entire year basis company reported 2 fold increase in PAT at 958Cr vs 476Cr in FY20.
Board recommended dividend of Rs 3.5/Share.
~ Vedanta (Positive outlook)
Net profit rose 95% YoY to Rs 6432Cr beating estimates.
Net sales rose 24% to 28206Cr which is highest since Q4FY18.
EBITDA rose 17% YoY to 9037Cr while operating margin contracted to 32% from 34%
On whole year basis company’s PAT stood at 11602Cr against loss of 5825Cr in FY20.
~ Happiest Minds (Excellent result)
Company posted multi fold increase in net profit at Rs 36.05Cr against 5.30Cr in Q4FY20, down 14.5% QoQ.
Revenue rose 18.4% YoY from 186.35Cr to 220.71Cr.
On whole year basis Company’s PAT more than doubled while revenue rose 10.8%.
As on March 21, company has 173 clients with addition of 23 new clients.
Board recommended dividend of Rs 3/Share.
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