Posted on by Shloka Badkar

Stocks to watch: Kotak Mahindra Bank, Titan, Britannia, CDSL, IDBI Bank and more

M&M Financial Services, Zen Tech. Tata Tech, Kansai Nerolac Paints, CDSL, IDBi Bank, MRPL, Aurobindo Pharma, Adani Ports, Zydus Lifesciences, Ujjivan Small Finance Bank, Meanwhile, Marico, Godrej Consumer, Gujarat Gas, Lupin, Happiest Minds, CG Power, Inox Wind
Kotak Mahindra Bank: Net Interest Income of ₹6,909 crore, higher than poll estimate of ₹6,670.2 crore. Net profit of ₹4,133.3 crore also higher than the CNBC-TV18 poll of ₹3,376.9 crore. AIF provisions worth ₹157 crore released during the quarter. Write-offs of ₹1,455 crore in retail, unsecured book aids Gross NPA. Favourable tax credit of ₹200 crore during the quarter. Gross NPA at 1.39% from 1.73% in December, while Net NPA remains flat at 0.34%. Net Interest Margin expands sequentially compared to expectations of a fall.
M&M Financial Services, Zen Tech. Tata Tech, Kansai Nerolac Paints, CDSL, IDBi Bank, MRPL, Aurobindo Pharma, Adani Ports, Zydus Lifesciences, Ujjivan Small Finance Bank, Meanwhile, Marico, Godrej Consumer, Gujarat Gas, Lupin, Happiest Minds, CG Power, Inox Wind
Britannia: Net profit of ₹536.6 crore, compared to a CNBC-TV18 poll of ₹541 crore. Revenue of ₹4,069.4 crore in-line with expectations. EBITDA also meets expectations at ₹785.5 crore, while EBITDA margin at 19.4%, fell 50 basis points year-on-year but was 20 basis points higher than estimates.

 

M&M Financial Services, Zen Tech. Tata Tech, Kansai Nerolac Paints, CDSL, IDBi Bank, MRPL, Aurobindo Pharma, Adani Ports, Zydus Lifesciences, Ujjivan Small Finance Bank, Meanwhile, Marico, Godrej Consumer, Gujarat Gas, Lupin, Happiest Minds, CG Power, Inox Wind
Titan: Net profit of ₹786 crore, below the CNBC-TV18 poll of ₹830 crore. Revenue of ₹11,257 crore, meets estimates of ₹11,300 crore. EBITDA of ₹1,109 crore, below estimates of ₹1,250 crore. EBITDA margin also misses expectations of 11.1%, coming in at 9.9% for the quarter. Jewellery business margin at 12.3%, watches business margin at 10.2%, eyewear margin at 11.7%. While jewellery and watches margin meets estimates, eyewear margins surpassed expectations. Also announces dividend of ₹11 per share.
M&M Financial Services, Zen Tech. Tata Tech, Kansai Nerolac Paints, CDSL, IDBi Bank, MRPL, Aurobindo Pharma, Adani Ports, Zydus Lifesciences, Ujjivan Small Finance Bank, Meanwhile, Marico, Godrej Consumer, Gujarat Gas, Lupin, Happiest Minds, CG Power, Inox Wind
Avenue Supermarts: Net profit up 22.5% to ₹563.3 crore. Revenue up 20.1% to ₹12,726.6 crore. EBITDA up 22.3% to ₹944 crore, while EBITDA margin expands by 10 basis points to 7.4% from 7.3%.
M&M Financial Services, Zen Tech. Tata Tech, Kansai Nerolac Paints, CDSL, IDBi Bank, MRPL, Aurobindo Pharma, Adani Ports, Zydus Lifesciences, Ujjivan Small Finance Bank, Meanwhile, Marico, Godrej Consumer, Gujarat Gas, Lupin, Happiest Minds, CG Power, Inox Wind
M&M Financial Services: Net Interest Income up 15.5% to ₹1,918.9 crore. Net profit down 9.5% to ₹619 crore. Provisions at ₹341.5 crore from ₹328.4 crore last quarter. Gross NPA at 3.4% from 3.97% in December. Gross NPA of housing subsidiary at 9% from 11.55% in December. Net recoverable balance post fraud at ₹135.9 crore. Provisions have been made in this regard.
M&M Financial Services, Zen Tech. Tata Tech, Kansai Nerolac Paints, CDSL, IDBi Bank, MRPL, Aurobindo Pharma, Adani Ports, Zydus Lifesciences, Ujjivan Small Finance Bank, Meanwhile, Marico, Godrej Consumer, Gujarat Gas, Lupin, Happiest Minds, CG Power, Inox Wind
Zen Technologies: Won orders worth ₹1,358 crore during the financial year. Order book as of March 31, 2024 at over ₹1,400 crore. Poised to sustain growth in FY25, aiming to surpass ₹900 crore in sales. Aim to launch a range of innovative products in the coming days and months for both Indian armed forces and international clients.
M&M Financial Services, Zen Tech. Tata Tech, Kansai Nerolac Paints, CDSL, IDBi Bank, MRPL, Aurobindo Pharma, Adani Ports, Zydus Lifesciences, Ujjivan Small Finance Bank, Meanwhile, Marico, Godrej Consumer, Gujarat Gas, Lupin, Happiest Minds, CG Power, Inox Wind
Tata Technologies: Constant currency revenue growth of 0.3% sequentially. Services revenue down 1% sequentially. Anticipated ramp down within VinFast led to drop in services revenue. Ex-Vinfast, Services revenue grew by 10.4% sequentially and 31.7% year-on-year. Expect to see further run-off in VinFast in Q1. Net profit down 27.4% due to higher taxes and lower other income.
M&M Financial Services, Zen Tech. Tata Tech, Kansai Nerolac Paints, CDSL, IDBi Bank, MRPL, Aurobindo Pharma, Adani Ports, Zydus Lifesciences, Ujjivan Small Finance Bank, Meanwhile, Marico, Godrej Consumer, Gujarat Gas, Lupin, Happiest Minds, CG Power, Inox Wind
Kansai Nerolac Paints: Good performance from the decorative segment. Revenue up 2.1% to ₹1,769 crore. EBITDA margin expands by 40 basis points to 10.1%. Decorative paints saw double-digit volume growth. Industrial coatings moderated over the previous quarter. Forecast of a good monsoon should augur well for the paint industry. Total resins capacity at two plants to increase from 907 MT per month to 1,757 MT per month.
M&M Financial Services, Zen Tech. Tata Tech, Kansai Nerolac Paints, CDSL, IDBi Bank, MRPL, Aurobindo Pharma, Adani Ports, Zydus Lifesciences, Ujjivan Small Finance Bank, Meanwhile, Marico, Godrej Consumer, Gujarat Gas, Lupin, Happiest Minds, CG Power, Inox Wind
CDSL: Total income up 86% from last year to ₹267 crore. Net profit up 63% year-on-year to ₹129 crorre. Board recommended final dividend of ₹19 per share and a special dividend of ₹3 per share. 11.56 crore demat accounts in March 2024.]
M&M Financial Services, Zen Tech. Tata Tech, Kansai Nerolac Paints, CDSL, IDBi Bank, MRPL, Aurobindo Pharma, Adani Ports, Zydus Lifesciences, Ujjivan Small Finance Bank, Meanwhile, Marico, Godrej Consumer, Gujarat Gas, Lupin, Happiest Minds, CG Power, Inox Wind
IDBI Bank: Net Interest Income up 12.4% to ₹3,687.9 crore, net profit up 43.7% from last year to ₹1,628.5 crore. Provisions down 88.4% from last year to ₹113.8 crore. Gross NPA at 4.53% from 4.69%, while Net NPA at 0.34%. Slippages triple to ₹1,852 crore from ₹614 crore last year, while write-offs rise to ₹433 crore from ₹316 crore last year.
M&M Financial Services, Zen Tech. Tata Tech, Kansai Nerolac Paints, CDSL, IDBi Bank, MRPL, Aurobindo Pharma, Adani Ports, Zydus Lifesciences, Ujjivan Small Finance Bank, Meanwhile, Marico, Godrej Consumer, Gujarat Gas, Lupin, Happiest Minds, CG Power, Inox Wind
MRPL: Net profit down 40.5% to ₹1,138.5 crore. Revenue flat at ₹25,328.7 crore. EBITDA down 33.3% at ₹2,329.7 crore. EBITDA margin down 460 basis points to 9.2%. GR at $11.35 per barrel from $15.12 per barrel.
M&M Financial Services, Zen Tech. Tata Tech, Kansai Nerolac Paints, CDSL, IDBi Bank, MRPL, Aurobindo Pharma, Adani Ports, Zydus Lifesciences, Ujjivan Small Finance Bank, Meanwhile, Marico, Godrej Consumer, Gujarat Gas, Lupin, Happiest Minds, CG Power, Inox Wind
Aurobindo Pharma: USFDA issues seven observations for Unit-II of the formulations manufacturing facility in Bhiwadi in Rajasthan. The facility was inspected between April 25 – May 3, 2024. The company said that the observations are procedural in nature.
M&M Financial Services, Zen Tech. Tata Tech, Kansai Nerolac Paints, CDSL, IDBi Bank, MRPL, Aurobindo Pharma, Adani Ports, Zydus Lifesciences, Ujjivan Small Finance Bank, Meanwhile, Marico, Godrej Consumer, Gujarat Gas, Lupin, Happiest Minds, CG Power, Inox Wind
Adani Ports: Group expresses interest to acquire and develop Bataan Port in the Philippines.
M&M Financial Services, Zen Tech. Tata Tech, Kansai Nerolac Paints, CDSL, IDBi Bank, MRPL, Aurobindo Pharma, Adani Ports, Zydus Lifesciences, Ujjivan Small Finance Bank, Meanwhile, Marico, Godrej Consumer, Gujarat Gas, Lupin, Happiest Minds, CG Power, Inox Wind
Ujjivan Small Finance Bank: Sanjeev Nautiyal appointed as MD & CEO for a period of three years starting July 1. He was earlier Deputy MD Financial Inclusion and Micro Markets of SBI and MD & CEO of SBI Life Insurance.
M&M Financial Services, Zen Tech. Tata Tech, Kansai Nerolac Paints, CDSL, IDBi Bank, MRPL, Aurobindo Pharma, Adani Ports, Zydus Lifesciences, Ujjivan Small Finance Bank, Meanwhile, Marico, Godrej Consumer, Gujarat Gas, Lupin, Happiest Minds, CG Power, Inox Wind
Zydus Lifesciences: US arm Sentynl Therapeutics acquires worldwide proprietary rights to Zokinvy at a net base price of $45 million from US-based Eiger Biopharmaeuticals. Zokinvy is approved for the treatment of a collection of ultra-rare, fatal, genetic premature ageing diseases.