Stocks in Focus on July 1: The domestic stocks markets, Nifty and Sensex, ended the volatile session with tepid losses Tuesday, June 30, 2020. The barometer S&P BSE Sensex declined 45.72 points or 0.13% at 34,915.80. The Nifty 50 index fell 10.30 points or 0.10% at 10,302.10. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Wednesday, July 1, 2020. List of such five stocks:
ONGC/ Vodafone/ Allcargo Logistics/ APL Apollo Tubes Ltd./ Bharat Bijlee/ Deepak Fertilizer/ Fiem Industries/ Goa Carbon/ Godfrey Phillips/ Mishra Dhatu/ Tamil Nadu News: They are the companies that reported their financial results of the fourth quarter of the financial year 2019-20 (FY20) after the market hours on Tuesday, June 30, 2020. Find details:
ONGC: Oil and Natural Gas Corporation on Tuesday posted a standalone net loss of Rs 3,098 crore for the quarter ended on March 31, 2020, due to exceptional item towards impairment loss of Rs 4,899 crore. It posted a net profit of Rs 4,151.6 crore in the previous quarter that ended on December 31, 2019. Net sales declined 9.5% to Rs 21,456 crore compared to sales of Rs 23,710 crore posted in the previous quarter. EBITDA declined 70% to Rs 3,688.9 crore from Rs 12,298.3 crore. The margin contracted to 17.2% in Q4FY20 from the margin of 51.9% the company posted in Q3FY20. This is the first-ever quarterly loss by ONGC and the onetime loss includes impairment, demand loss, asset revaluation and COVID impact. It had a Forex loss of Rs 1,113 crore Vs gain of Rs 220 crore on a year-on-year basis.
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Vodafone Idea: Vodafone Idea on Tuesday has reported a consolidated loss of Rs 11,644 crore for the quarter that ended on March 31, 2020, owing to exceptional expenses. The telecom company posted a net loss of Rs 6,439 crore in the previous quarter that ended on December 31, 2020. Its consolidated revenue increased by 5.9% to Rs 11,754 crore in the quarter against a revenue of Rs 11,089 crore posted in the previous quarter. EBITDA stood at Rs 4,380 crore, up 28% from Rs 3,420 crore posted in a year-ago period. Margins grew to 37.2% against a margin of 30.8% the company posted in December quarter. The telco’s average revenue per user (ARPU) increased to Rs 121 Vs Rs 109. Exceptional loss of Rs 6,141 crore includes one-time spectrum charge of Rs 3887 crore and license fees and SUC on AGR of Rs1783 crore.
Allcargo Logistics Ltd.: Allcargo Logistics on Tuesday announced a 32.5% year-on-year decline in consolidated profit at Rs 54 crore in the quarter ended on March 31, 2020. It posted a net profit of Rs 80 crore in the corresponding quarter last year. Consolidated sales grew 8.3% to Rs 1,817 crore from Rs 1,727 crore posted a year ago. EBITDA remained flat at Rs 106 crore, down 0.9% against EBITDA of Rs 107 crore posted last year. The margin contracted to 5.6% from 6.2%.
APL Apollo Tubes Ltd.: The branded steel products manufacturer on Tuesday reported a 1.6% year-on-year decline in consolidated profit at Rs 60.7 crore in the quarter that ended on March 31, 2020. It posted a net consolidated profit of Rs 61.7 crore in the corresponding quarter last year. Consolidated sales declined 6.6% to Rs 1,888.5 crore from Rs 2,024 crore posted last year in the same quarter. EBITDA stood at Rs 119.3 crore, down 13.9% from Rs 138.6 crore. The margin contracted slightly to 6.3% against 6.8%.
Bharat Bijlee Ltd.: The electrical engineering company on Tuesday reported a 40% year-on-year rise in the consolidated profit at Rs 14 crore in the quarter ended on March 31, 2020. It posted a net profit of Rs 10 crore in the corresponding quarter last year. Sales declined 4.7% to Rs 260 crore against Rs 273 crore posted last year. EBITDA stood at Rs 19 crore, up 46% from Rs 13 crore. The margin grew to 7.3% from 4.7% posted last year.
Deepak Fertilizers and Petrochemicals: The manufacturer of industrial and agricultural chemicals, crop nutrients, and fertilizers on Tuesday reported a 360% year-on-year increase in consolidated profit at Rs 23 crore for the quarter ended on March 31, 2020. Its consolidated profit stood at Rs 5 crore a year-ago quarter. Consolidated revenue remained almost flat at Rs 1,292.9 crore in Q4FY20 against revenue of Rs 1,293.7 crore posted in Q4FY19.
Fiem Industries Ltd.: The automotive lighting industry, Fiem Industries, on Tuesday reported a 44% year-on-year increase in standalone profit at Rs 23 crore for the quarter ended on March 31, 2020. It posted a net profit of Rs 16 crore in the corresponding quarter last year. Standalone revenue declined 7% to Rs 332 crore against revenue of Rs 358 crore posted last year in the same quarter.
Goa Carbon Ltd.: The manufacturer of Calcined Petroleum Coke on Tuesday reported a loss of Rs 5 crore for the quarter ended on March 31, 2020. It posted a net loss of Rs 13 crore a year ago in the same quarter. Its revenue from operations declined 46% to Rs 69 crore in the quarter against a revenue of Rs 129 crore posted a year-ago quarter.
Godfrey Phillips India Ltd.: Cigarette maker Godfrey Phillips India on Tuesday reported a 20.8% decline in consolidated net profit to Rs 38 crore for the quarter ended on March 31, 2020. It posted a net profit of Rs 48 crore in the corresponding quarter last year. Consolidated sales grew 4.7% to at Rs 679 crore in Q4FY20 from Rs 648 crore posted in Q4FY19. EBITDA stood at Rs 80 crore, down 50.6% from Rs 162 crore posted last year. The margin contracted to 11.7% compared to 25% of last year. The interim dividend of Rs 24 per Equity Share declared by Board at its meeting held on March 5, 2020, shall be considered as final dividend for FY2020.
Mishra Dhatu Nigam Ltd.: The company on Tuesday reported a 20.6% year-on-year increase in consolidated profit at Rs 158 crore for the quarter ended on March 31, 2020. The company posted a net profit of Rs 131 crore in the corresponding quarter last year. The consolidated sale was up 0.8% to Rs 709 crore when compared to Rs 703 crore posted last year. EBITDA stood at Rs 194 crore, 10.8% up against Rs 175 crore posted last year. The margin grew to 17.3% when compared with 24.8% of last year.
Tamil Nadu Newsprint & Papers Ltd.: The company reported an 86.5% year-on-year decline in net profit at Rs 1.8 crore for the quarter ended on March 31, 2020. It posted a net profit of Rs 13.4 crore in the corresponding quarter last year. Revenue declined 14% to Rs 901 crore when compared with Rs 1,048 crore posted last year.
Kalpataru Power: The company has received a new order for transmission and distribution segment worth Rs 956 crore from India, Africa and the Middle East in T&D business.
API companies in Focus: The customs department has decided to clear Active Pharmaceutical Ingredients (APIs) shipment from other countries.
SpiceJet/ Indigo: Airline companies have started pay cuts as increased lockdown has increased the pressure on the aviation sector. Indigo announced salary cuts by more than 45% for many pilots. Vistara on Tuesday announced a pay cut between 5% and 20% till December this year for around 40% of its employees as cash flow continues to be adversely affected due to the coronavirus pandemic. Air Asia has announced pay cuts of 40% pay cut of its employees.
Fund Action: Fund actions were seen in some stakes like Wheels India, Cyient Ltd, PSP Projects, Filatex India and JK Cements. Find in detail:
Wheels India: Titan Europe sold 15.01% stakes (3,431,845 shares) of Wheels India at Rs 427.60 per share.
Cyient Ltd: Aditya Birla Sun Life Mutual Fund increased stake from to 5.1% from 3.08% on June 26.
PSP Projects: The promoter buys 35,000 shares (0.10%) of the company.
Filatex India: Promoter Nouvelle Securities buys 1.05 lakh shares (0.05% stakes) in the company. With this, the promoter’s stakes have increased to 60.47%.
J K Cements: Promoter Yadu International buys 2 lakh shares (0.25%) in the company.