Stock Market – RIL, SBI, Axis Bank, Cadila, JSW Steel, ONGC In Focus

Stock Market Reports : Asian stocks fell on Monday and U.S. equity futures rebounded as traders weighed concerns about tightening Federal Reserve monetary policy.

Shares fell in Japan, South Korea and Australia after one of the worst stretches for global shares last week since the pandemic began. Gains in S&P 500 and Nasdaq 100 contracts held out the hope of some respite. The dollar was steady.

The Singapore-traded SGX Nifty, an early indicator of India’s Nifty 50 Index’s performance, fell 0.73% to 17,507.50 as of 8:20 a.m.

The Fed on Wednesday is expected to signal a March liftoff in interest rates and balance-sheet reduction later this year to help fight inflation.

In the volatile cryptocurrency sector, bruised Bitcoin stabilised around $36,000 in the wake of a plunge over the past three days. Digital coins have shed more than $1 trillion in value since a November high.

Meanwhile, traders are monitoring U.S.-Russia tension over Ukraine.

Earnings Post Market Hours

Reliance Industries Q3 FY22 (Consolidated, YoY)

  • Revenues up 57% at Rs 1,85,047 crore vs Rs 1,17,860 crore (Bloomberg Estimate: Rs 1,75,000 crore)
  • Net profit up 41.6% at Rs 18,549 crore vs Rs 13,101 crore (Bloomberg Estimate: Rs 15,046.7 crore)
  • Ebitda up 37.7% at Rs 29,706 crore vs Rs 21,566 crore (Bloomberg Estimate: Rs 28380.4 crore)
  • Ebitda margins at 16.1% vs 18.3% (Bloomberg Estimate: 16.2%)

Reliance Jio (Standalone, QoQ)

  • Revenues up 3.3% at Rs 19,347 crore vs Rs 18,735 crore (Bloomberg estimate: Rs 19,387 crore)
  • Net profit rose 2.4% to Rs 3,615 crore vs Rs 3,528 crore (Bloomberg estimate: Rs 3,860 crore)
  • Ebitda up 2.4% at Rs Rs 4,847 crore vs Rs 4,731 crore
  • Ebitda margins at 26.1% vs 26.3%

JSW Steel Q3 FY22 (Consolidated, QoQ)

  • Revenues up 17.1% at Rs 38,071 crore vs Rs 32,503 crore (Bloomberg estimate: Rs 36,796.9 crore)
  • Net profit down 39.2% at Rs 4,357 crore vs Rs 7,170 crore (Bloomberg estimate: Rs 4,872.9 crore)
  • Ebitda down 12.3% at Rs 9,132 crore vs Rs 10,417 crore (Bloomberg estimate: Rs 9,415.3 crore)
  • Margins at 23.9% vs 32.0% (Bloomberg estimate: 25.6%)

Vodafone Idea Q3 FY22 (Consolidated, QoQ)

  • Revenues up 3.3% at Rs 9,717.3 crore vs Rs 9406.4 crore (Bloomberg estimate: Rs 9,772.5 crore)
  • Net loss at Rs 7,230.9 crore vs Net loss of Rs 7132.3 cr (Bloomberg estimate: Net loss Rs 6998 crore)
  • Ebitda down 1.2% at Rs 3,816.5 crore vs Rs 3,862.9 crore (Bloomberg estimate: Rs 4037.6 crore)
  • Ebitda margins at 39.3% vs 41.1% (Bloomberg estimate: 41.3%)

ICICI Bank Q3 FY22 (Consolidated)

  • Net Profit: Rs 6194 crore vs Rs 4940 crore (YoY) (Bloomberg Estimate: Rs 5,800 crore)
  • NII: Rs 12,236 crore vs Rs 9912 crore (YoY)
  • GNPA: 4.13% vs 4.82% (QoQ)
  • NNPA: 0.82% vs 0.99% (QoQ)

Yes Bank Q3 FY22 (Consolidated)

  • Net Profit: Rs 266.43 crore vs Rs 151 crore (YoY) (Bloomberg estimate: Rs 128 crore)
  • NII: 1764 crore vs Rs 2560 crore (YoY)
  • GNPA: 14.65% vs 15% (QoQ)
  • NNPA: 5.29% vs 5.5% (QoQ)

L&T Finance Holding Q3 FY22 (Consolidated, YoY)

  • NII down 6% at Rs 1,563.91 crore crore vs Rs 1,661 crore
  • Net profit down 12% at Rs 325.99 crore vs Rs 290.66 crore

Gland Pharma Q3 FY22 (Consolidated, YoY)

  • Revenues up 24% at Rs 1,063.32 crore vs Rs 859.42 crore
  • Net profit up 34% at Rs 273.03 crore vs Rs 204.10 crore
  • Ebitda up 34.19% at Rs 321.07 crore vs Rs 239.26 crore
  • Ebitda margins at 30.2% vs 27.8%

Bandhan Bank Q3 FY22 (Consolidated)

  • NII up 3% at Rs 2,124.7 crore vs Rs 2,071.73 crore (YoY)
  • Net profit up 36% at Rs 858.97 crore vs Rs 632.59 crore (YoY)
  • GNPA at 10.81% vs 10.82% (QoQ)
  • NNPA at 3.01% vs 3.04% (QoQ)

Share India Securities Q3 FY22 (Consolidated)

  • NII up 108% at Rs 195.31 crore vs Rs 93.82 crore (YoY)
  • Net profit up 178% at Rs 48.96 crore vs Rs 17.61 crore (YoY)
  • The company approved dividend of Rs 2 per share.

INOX Q3 FY22 (Consolidated, YoY)

  • Revenues up 1,892% at Rs 296.47 crore vs Rs 14.88 crore
  • Net loss down 101% at Rs 1.32 crore vs Rs 102.78 crore
  • Ebitda down 171.22% at Rs 57.97 crore vs Rs 81.39 crore (negative)
  • Ebitda margins at 19.55% vs -546.98%

Stocks To Watch

  • PTC India: Has called for a third-party audit of allegations related to board appointments at subsidiary PTC India Financial.
  • Birla Corporation: Inaugurated the Mukutban integrated cement plant, the the largest greenfield investment of Rs 2,744 crore by the company, taking its cement business to 2 crore tonnes annually.
  • Philips Carbon Black: To consider proposal for sub-division of the equity shares of the company having a face value of Rs 2 each and alteration of authorised capital on Feb. 9.
  • Oil and Natural Gas Corporation: ONGC Videsh has into the development stage of a major gas discovery in Brazil with the submission of declaration of commerciality. The company holds 25% participating interest of the block.
  • Arshiya: Received NCLT approval of the demerger between Arshiya and Arshiya Rail Infrastructure.
  • Inox Leisure: Has approved a scheme of merger of Shouri Properties with Inox Leisure Ltd.
  • FDC: FDC was granted ANDA approval by the U.S. Food and Drug Administration for an antibiotic, Ofloxacin Otic Solution, 0.3%.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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