Stocks in focus on January 25: Domestic equity benchmarks suffered significant losses on January 24, 2022, in addition to negative signals from the global equity market. The barometer S&P BSE Sensex fell 1,545.67 points, or 2.62%, to 57,491.51. The Nifty 50 index fell 468.05 points, or 2.66%, to 17,149.10. But after the market closed, news of certain stocks came. January 25 These stocks may affect the indicators. List of five such stocks:
Axis Bank: Private sector lender Axis Bank has reported a 3.2x annual growth of Rs 3,614 crore for the quarter ended Monday 31st December, Axis Bank2021. It had earned Rs 1,116.6 crore in the same quarter last year The bank’s net interest income rose 17% YoY to Rs 8,653 crore from Rs 7,373 crore posted last year. Lenders’ total provisions and ancillaries stood at Rs 1,335 crore, down 64.46% from Rs 3,757 crore posted last year. The bank’s gross non-performing assets (NPA) ratio – bad debt as a percentage of total advances – was 3.17% in 3FY22, compared to 3.53% in Q2FY22. The net NPA ratio was 0.91% during the period under consideration compared to 1.08% posted in the September 2021 quarter. The bank’s gross slippage stood at Rs 4,147 crore in Q3FY22 as against Rs 5,464 crore in Q2FY22. As of December 31, 2021, Axis Bank has grown 17% YoY and 7% QoQ. Retail loans increased 18% YoY and 6% QoQ. Its SME debt increased 20% YoY and 9% QoQ while corporate growth increased 13% YoY and 7% QoQ. Also, the bank issued more than 0.77 million credit cards in Q3FY22, the highest for any quarter when credit cards cost 52% YOY and 22% QOQ.
SBI Card: SBI Credit Card Companies and Payment Solutions Providers reported an 84% increase in profit to Rs 386 crore for the quarter ended December 31, 2021. It earned Rs 210 crore in the same quarter last year The company’s revenue from the quarter’s operations rose 20% YoY to Rs 2,890 crore from Rs 2,408 crore reported last year. According to SBI Card, revenue growth in Q3 of FY22 was due to higher revenue from fees and services. SBI Card’s net interest margin was 14% in Q3FY22, compared to 14.5% in Q3FY21. The credit card company’s gross NPA dropped to 2.4% in the December 2021 quarter from 3.36% last year. Net NPAs are down 0.83% from 0.91% last year. The total operating cost increased by Rs 1,719 crore as compared to Rs 1,348 crore in Q3FY21. This increase is due to higher business volume and festival promotion in the December 2021 quarter. Also, valid cards stood at 1.32 crore as against 1.15 crore, which is 15% YoY and 5% QoQ higher. Expenditure stood at Rs 55,397 crore as against Rs 37,797 crore, an increase of 47% YOY and 27% QoQ. The amount due stood at Rs 29,129 crore as against Rs 25,749 crore. 13% YoY and 9% QoQ. Retail expenditure increased by 36% to Rs 42,417 crore and corporate expenditure increased by 93% to Rs 12,900 crore.
IEX: The Indian Energy Exchange (IEX) reported a 38% YoY increase in consolidated profit of Rs 80.4 crore for the quarter ended December 31, 2021. It had earned Rs 58.1 crore in the same quarter last year The company’s revenue from operations rose 38% YoY to Rs 117.5 crore from Rs 85.2 crore posted last year. EBITDA rose 42% to Rs 99 crore from Rs 69.5 crore posted in the reported quarter last year. The margin in Q3FY22 has increased to 84.2% from 81.6% posted in Q3FY21. IEX posted strong numbers despite having a high base last year. The Board held on Monday also approved an interim dividend of Rs 1 per share of the face value of Rs 1 for the financial year ended March 31, 2022. The IEX Board has set February 4, 2022, as the record date to ensure the eligibility of shareholders to pay interim dividends.
Bharti Airtel: India’s second-largest telco says its board will meet on January 28, 2022, to consider raising funds through the issue of preferential shares to investors other than their promoter group.
Vodafone Idea: The company may increase its tariffs this year. It is expected to complete the fundraising process by March 2022. The company provided this information in an analyst call.
Lux Industries: Securities and Exchange Board of India (SEBI) on Monday banned 14 companies from engaging in insider trading and ordered the confiscation of illegal profits of Rs 2.94 crore in the case of Lux Industries Limited. Among those banned by SEBI is Udit Todi, the son of the managing director. Uday Toddy, who is currently the executive director of the company, according to an interim order from Luxor. Udit Toddy Company has 2.79% stake. SEBI’s surveillance alert system detected a suspicious trading pattern on Lux’s scrips shortly after the announcement on May 25, 2021, based on the audited financial results for the quarter and fiscal year ended March 31, 2021.
Linde India: The company’s board has approved a capital expenditure proposal to set up 264 tonnes of commercial air separation units per day at New Industrial Park in Hero Hi-Tech Cycle Valley near Ludhiana in Punjab to ensure growth in gas business. Linde India Board approves total capital expenditure Rs. 152 crore for the construction of the mentioned air separation plant, which is expected to flow by December 2023. This capital expenditure will be financed by the company’s source / internal savings.
Control Print: Control Print Limited has received USFDA 510 (K) clearance for the commercial distribution of 3 ply surgical masks in the United States.
IndiaMART InterMESH: The company reported a 14% QoQ decline in its profit of Rs 70 crore for the quarter ended December 31, 2021. It had earned Rs 82 crore in the previous quarter ended September 30, 2021. The company’s revenue from operations increased by 3% to Rs 188 crore from Rs 182 crore posted in the previous quarter. Its EBIDTA decreased by 5% QoQ to Rs 79 crore in December 2021 quarter as compared to Rs 83 crore posted in September 2021 quarter. Margins shrunk to 42% in Q3FY22, compared to 46% posted in Q2FY22. Also, during the quarter, IndiaMART InterMESH acquired a 7.7% stake in Mynd Solutions Private Limited, which manages a deserving exchange under the brand name ‘M1xchange’. It has also acquired a 26% stake in Edgewise Technologies Pvt Ltd, which provides AI-powered unmanaged inventory and warehouse management solutions for merchants under the brand name ‘Easycom’. Also, the company has invested Rs 61.55 crore in the Simply Matters app. The company is dealing in GST billing software.
Burger King: Quick service restaurant chain Burger King India Limited reported a net loss of Rs 15 crore for the quarter ended December 31, 2021. It posted a net loss of Tk 29.3 crore in the same quarter of the previous financial year . The company’s revenue from operations rose 72% YoY to Rs 280 crore from Rs 163 crore posted last year. EBITDA increased by 116% to Rs 32.8 crore from Rs 15.2 crore posted last year. Its margin was 11.7% in Q3FY22 compared to 9.3% in Q3FY21. Also, the company has completed the acquisition of 83.24% shares at an enterprise price of US 18 183 million (on a cash-free and debt-free basis for 100% of BK Indonesia shares). In the quarter, Burger King added 20 restaurants, and as of December 31, the total number of restaurants was 294. According to the company, there are currently 9 restaurants under construction and 65 in the pipeline
Sudarshan Chemicals: The chemical industry company reported a 32% YoY loss of Rs 31.25 crore for the quarter ended December 31, 2021. It had earned Rs 45.4 crore in the same quarter last year The company’s revenue from operations rose 17% YoY to Rs 539 crore from Rs 461 crore posted last year. Its EBITDA decreased by 13% YoY to Rs 66 crore from Rs 76 crore posted last year. Margins have shrunk from 16.5% in Q3FY22 to 12% in Q3FY21.