In the equity markets, the Sensex and the Nifty finished at new all-time highs. The S&P BSE Sensex jumped 546.41 points, or 1.02%, to close at 54,369.77. The Nifty 50 gained 128.05 points, or 0.79%, to finish at 16,258.80. But some stocks made the news after the market closed. These actions may impact the indices when it reopens on Thursday, August 5, 2021. List of these five actions:
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IPO Updates: Devyani International + Krsnaa Diagnostic + Windlas Biotech + Exxaro Tiles
Devyani International IPO: The initial public offering (IPO) of Devyani International, the operator of the fast food majors Pizza Hut, KFC and Costa Coffee in India, was subscribed 2.69 times on the first day of subscription, i.e. Wednesday August 4. 2021. The QIB portion was subscribed 0.77 times while the NII and RII portions were subscribed 0.77 times and 11.37 times, respectively. The price range for the issue has been set at a price range of Rs 86-90 per share. The offer will be available until Friday August 6, 2021. Devyani International aims to raise Rs 1,838 crore with a new issue of shares valued at Rs 440 crore and an offer of sale (OFS) of up to 155,333,330 equity. shares valued at Rs 1,398 crore by the promoter and the existing shareholder.
Krsnaa Diagnostic Limited: The initial public offering (IPO) of Krsnaa Diagnostics Ltd, one of the fastest growing diagnostic chains in India, was subscribed 1.98 times on the first day of subscription, on Wednesday 4 August 2021. The QIB portion was subscribed 0.48 times while the NII and RII portions were subscribed 0.15 times and 9.59 times, respectively. The issue price range has been set at Rs 933-954 per share. The offer will be available until Friday August 6, 2021. The company plans to raise Rs 1,213 crore from the IPO which includes a new issue of Rs 400 crore and an offer to sell of Rs 85.25 lakh shares totaling up to Rs 813.33 crore.
Windlas Biotech: The initial public offering (IPO) of Windlas Biotech, a manufacturer of pharmaceutical formulations, was subscribed 3.17 times on the first day of subscription, ie Wednesday August 4, 2021. The NII unit was subscribed 0.34 times and the RII portion has been subscribed 6.15 times, while the subscription for the QIB portion has not yet started. The issue price range has been set at Rs 448-460 per share. The offer will be available until Friday August 6, 2021. The company plans to raise Rs 401.53 crore to the upper price bracket of the IPO which includes a new issue of Rs 165 crore and a sell offer. of 51 42,067 shares. worth Rs 236.54 crore per offer to sell
Exxaro Tiles: The initial public offering (IPO) of Exxaro Tiles, one of the leading manufacturers of vitrified tiles, was subscribed 4.67 times on the first day of subscription, ie Wednesday August 4, 2021. The QIB unit has subscribed 1.11 times, while the NII and RII portions were subscribed 0.65 times and 9.29 times, respectively. The price range for the issue was set at Rs 118-120 per share. The offer will be available for subscription until Friday August 6, 2021. The initial public offering of Rs 161.09 crore has a new issue valued at Rs 134.23 crore and a sell offer of Rs 26, 86 crore.
Titan + HPCL + Apollo + Novelis Tires (Hindalco)
Titan: The Titan company of the Tata group announced on Wednesday a net profit of Rs 61 crore for the quarter ended June 30, 2021, against a net loss of Rs 270 crore recorded in the quarter of last year. Sequentially, profit fell 88.5% as the company recorded a profit of Rs 529 crore in the previous quarter ended March 31, 2021. Operating income increased 78% year-on-year to Rs 3 314 crore during the period under review versus Rs 1,862 crore posted. Last year. On a quarterly basis, revenue fell 53.5% from Rs 7,135 crore posted in the previous quarter. The company posted an EBITDA of Rs 144 crore against an EBITDA loss of Rs 246 crore last year. EBITDA fell 81.9% in QoQ from Rs 795 crore posted in the previous quarter. The margin stood at 4.3% in Q1FY22 compared to 11.1% in Q4FY22. In the first quarter of fiscal 22, the company’s other income is higher than last year due to a TEAL dividend of Rs 24 crore and higher interest income from significantly cash balances. higher. The company has also received rent waivers of Rs 7 crore, which has been recorded under “Other income” of the respective segments. The total number of store operating days was 73%, 10% and 58% for the months of April, May and June respectively and 47% for the quarter.
HPCL: Public company Hindustan Petroleum Corporation Limited (HPCL) reported a 40.5% drop in QoQ net income to Rs 1,795 crore for the quarter ended June 30, 2021. It posted net income of Rs 3 018 crore in the previous quarter ended March 31, 2021. Operating income fell 3.2% QoQ to Rs 72,443 crore from Rs 74,843 crore posted in the previous quarter. EBITDA fell 31.6% quarter on quarter to Rs 3,193 crore from Rs 4,666 crore posted in the March quarter. Margins fell to 4.4% in Q1FY22 from 6.2% in Q4FY21. Strong points
– GRM $ 3.31
– During the quarter, HPCL commissioned 142 new outlets, bringing the total outlet network to 18,776 in June 2021.
– CNG installations were added at 50 retail outlets, bringing the total number of HPCL outlets with CNG installations to 724 in June 2021
Ethanol
– HPCL achieved the highest ever ethanol blend of 9.3% in the quarter, which is also the highest in the industry.
– HPCL became the first petroleum marketing company to launch gasoline blended with ethanol in the Ladakh region.
Apollo Tires: Gurugram-based tire manufacturing company Apollo Tires recorded a consolidated profit of Rs 127.8 crore for the quarter ended June 30, 2021, compared to a consolidated loss of Rs 134.6 crore recorded in the quarter of last year. Sequentially, profits fell 51.3% as the company posted a profit of Rs 287.3 crore in the previous quarter ended March 31, 2021. Consolidated operating revenue rose 59.1% to Rs 4,584.5 crore in the quarter under review versus Rs 2,882 crore posted last year. Sequentially, turnover fell 8.8% against a turnover of Rs 5,025.7 crore posted in the previous quarter. EBITDA jumped 139% to Rs 567 crore from Rs 237.3 crore posted last year. On a quarterly basis, EBITDA declined 30.4% in the first quarter of fiscal 22 compared to Rs 814.7 crore posted in the March quarter. Margins increased to 12.4% in Q1FY22 compared to 8.2% in Q1FY21 and 16.2% in Q4FY21.
Hindalco: The aluminum rolling company will remain the focus of attention today as Novelis reported quarterly results and reported net operating income of $ 24 crore for the first quarter of fiscal 2022 , against a net loss of $ 7.9 crore the previous year. period. Sales jumped 58.9% year-on-year to $ 385.5 crore from $ 242.6 crore posted last year. Adjusted EBITDA increased 119% year-on-year to 55.5 crore from 25.3 crore posted last year. EBITDA per tonne shipped was $ 57 million, up 75% year-on-year and 11% sequentially from Q4FY21. Shipments of 973 kilotons, up 26% year-on-year.
Sonata Software + Sumitomo Chemicals + Vardhman Special Steels + Tata Communications
Sonata Software Ltd. : The IT services management company announced a 73.7% year-over-year increase in consolidated profit to Rs 86.7 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 49.9 crore as of same quarter last year. Revenue on a consolidated basis increased 33.2% to Rs 1,269.5 crore from Rs 952.4 crore posted last year. EBITDA rose 29.4% to Rs 100.9 crore against Rs 78 crore posted last year. The margin remained almost stable at 8% in Q1FY22 against 8.2% in Q1FY21.
Sumitomo Chemical India Ltd. : The chemical company announced a 33.1% year-over-year increase in its consolidated profit to Rs 105.7 crore for the quarter ended June 30, 2021. It posted a profit of Rs 79.4 crore in the same quarter l ‘last year. Revenue on a consolidated basis increased 20.7% year-on-year to Rs 782 crore from Rs 647.7 crore posted last year. EBITDA increased 26.1% year-on-year to Rs 149.7 crore against Rs 118.7 crore posted last year. The margin increased to 19.1% in Q1FY22 against 18.3% posted in Q1FY21.
Special steels Vardhman: The producer of special and alloy steels reported a consolidated profit of Rs 27.8 crore for the quarter ended June 30, 2021, compared to a consolidated loss of Rs 12.8 crore recorded in the quarter. last year. Revenue on a consolidated basis increased 386.2% year-on-year to Rs 330.1 crore from Rs 67.9 crore posted last year. EBITDA profit amounted to Rs 51 crore against an EBITDA loss of Rs 9.4 crore recorded last year.
Tata Communications Ltd .: The telecommunications company announced a 15.1% increase in its consolidated profit to Rs 297.8 crore for the quarter ended June 30, 2021. It had posted a profit of Rs 258.6 crore at the same quarter of last year. Turnover on a consolidated basis fell 6.8% to Rs 4,102.8 crore from Rs 4,402.9 crore posted last year. EBITDA fell 5.3% year-on-year to Rs 986.1 crore in the quarter under review, from Rs 1,041.7 crore posted last year. Margins stand at 24% in Q1FY22 compared to 23.7% in Q1FY21.
SBI Life + Coforge bundle offer
SBI Life Insurance Company: Carlyle will today sell its entire 1.9% stake in SBI life insurance company at Rs 1,130-1,126.85 per share, according to the list of conditions. Carlyle will be able to raise around Rs 2,150 crore through the sale.
Coforge: Hulst BV sold 33.5 lakh shares at 4,738.67. Nomura bought 3.5 lakh shares at 4710 / share.
Vodafone idea + Shipping company
Vodafone Idea: Kumar Mangalam Birla has resigned as non-executive director and non-executive chairman of Vodafone Idea effective August 4, 2021. The board elected Himanshu Kapania as non-executive chairman. The board also appointed Sushil Agarwal as an additional director.
Shipping Corporation of India: The board of directors approved the split of the non-core assets into a new company, which will be listed on the BSE and NSE. The split is intended to facilitate an efficient divestiture of the Shipping Corporation of India by the Indian government. After the split, the shareholders of the Shipping Corporation will receive 1 share of the new company for each share they hold in the state shipping company.
