U.S. equity futures declined Friday after post-earnings fall in Amazon.com Inc. and Apple Inc. after Wall Street logged gains.
Futures on the S&P 500 and technology-heavy Nasdaq 100 retreated, with the latter shedding over 1%. Equities rose in Australia and South Korea, while Japan is closed for a holiday.
The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, rose 0.46% to 17,308 points as of 7:15 am.
The dollar dipped but is set for its best week since the beginning of this year. Crude held a jump to about $105 a barrel, amid rising prospect of a European Union ban on Russian crude in retaliation for the invasion of Ukraine.
Earnings Post Market Hours
Axis Bank Q4 FY22 (Standalone)
Net Interest income up 17% at Rs 8,815 crore Vs Rs 7,555 crore (YoY)
Net Profit up 54% at Rs 4,118 crore Vs Rs 2,677 crore (YoY) (Bloomberg estimate: Rs 3,909.5 crore)
GNPA: 2.82% vs 3.17% (QoQ)
NNPA: 0.73% vs 0.91% (QoQ)
Recommended dividend of Rs 1 per share of face of Rs 2 each
Biocon Q4 FY22 (Consolidated, YoY)
Revenue up 30.8% at Rs 2.408.8 crore Vs Rs 1,842.1 crore (Bloomberg Estimate: Rs 2,252 crore)
EBITDA up 35.8% at Rs 591.9 crore Vs Rs 435.7 crore (Bloomberg Estimate: Rs 567 crore)
EBITDA margin 24.6% Vs 23.65% (Bloomberg Estimate: 25.2%)
Net profit fell 5.8% at Rs 238.6 crore Vs Rs 253.2 crore (Bloomberg Estimate: Rs 237 crore)
Recommended a final dividend of Rs 0.5 per share of face of Rs 5 each
Vedanta Q4 FY22 (Consolidated, QoQ)
Revenues up 16.8% at Rs 39,822 crore Vs Rs 34,097 crore
EBITDA up 26.1% at Rs 13,633 crore Vs Rs 10,810 crore
EBITDA Margins at 34.2% vs 31.7%
Net profit up 39.3% at Rs 5,799 crore Vs Rs 4,164 crore
Approved first interim dividend of Rs 31.5 per share of face of Rs 1 each
Ambuja Cement Q1 CY22 (Standalone, YoY)
Revenues up 8.4% at Rs 3925.2 crore Vs Rs 3621.4 crore (Bloomberg Estimate: Rs 3,906.2 crore)
EBITDA fell 19.1% at Rs 790.39 crore Vs Rs 976.8 crore (Bloomberg Estimate: Rs 684 crore)
EBITDA Margins at 20.1% vs 27% (Bloomberg Estimate: 17%)
Net profit fell 25.4% at Rs 495.2 crore Vs Rs 664.57 crore (Bloomberg Estimate: Rs 405 crore)
IndiaMart Q4 FY22 (Consolidated, QoQ)
Revenue up 7% at Rs 201.4 crore Vs Rs 188.1 crore
EBIT fell 28.4% at Rs 54.3 crore Vs Rs 75.8 crore
EBIT margin 27% Vs 40%
Net profit fell 18.2% at Rs 57.4 crore Vs Rs 70.2 crore
Shopper’s Stop Q4 FY22 (Consolidated, QoQ)
Revenue fell 25.5% at Rs 713.34 crore Vs Rs 958.11 crore
EBITDA fell 58.5% at Rs 76.24 crore Vs Rs 183.89 crore
EBITDA margin 10.7% Vs 19.19%
Net loss at Rs 15.85 crore Vs net profit of Rs 77.22 crore
IIFL Finance Q4 FY22 (Consolidated, YoY)
Revenue up 16.12% at Rs 1856.2 crore Vs Rs 1,598.5 crore
EBIT up 19% at Rs 1131.4 crore Vs Rs 951 crore
EBIT margin 61% Vs 59.5%
Net profit up 29.6% at Rs 320.93 crore Vs Rs 247.63 crore
Stocks To Watch
Tata Power: Signed Memorandum of Understanding with National Real Estate Development Council to set up 5,000 EV charging points across its member’s developer properties.
Colgate Palmolive: The company appointed Prabha Narasimhan as CEO and MD for five years effective September 1. Current MD and CEO Ram Raghavan resigned after being promoted as the President – Enterprise Oral Care, Colgate-Palmolive Company, New York. It also declared second interim dividend of Rs 21 per share of face of Rs 1 each.
Sterlite Technologies: Approved raising of funds of upto Rs 1,000 crore.
Lemon Tree Hotels: Approved acquisition of 25.10% stake in Carnation Hotels for Rs 18.85 crore.
Jindal Poly Films: Jindal Polypack, a wholly owned subsidiary of the company will acquire 100% stake in SMI Coated Products for Rs 99.65 crore. SMI Coated Products is engaged in the manufacturing of pressure sensitive label stocks.
Earnings: Wipro, Ultratech Cement, Maruti Suzuki India, Tata Chemicals, SBI Cards and Payment Services, Shriram City Union Finance, Can Fin Homes, Gillette India, GNA Axles, Gokaldas Exports, HFCL, Indusind Bank, L&T Finance Holdings, LLoyds Metals and Energy, Solara Active Pharma Sciences, Sonata Software, Star Health and Allied Insurance Company, Supreme Industries, Tanla Platforms, Thyrocare Technologies
Bulk Deals
Chennai Petroleum Corporation: Dolly Khanna bought 10 lakh (0.67%) shares at Rs 263.15 apiece.
Who’s Meeting Whom
UTI Asset Management: To meet Mirae Asset Mutual Fund on April 29.
Geojit Financial Services: To meet investors and analysts on April 30.
JSW Energy: To meet investors and analysts on May 3.
Sona BLW Precision Forgings: To meet investors and analysts on May 5.
Cera Sanitaryware: To meet investors and analysts on May 11.
Trading Tweaks
Price Band Revised From 10% To 5%: Navkar Corporation
Price Band Revised From 20% To 10%: Future Consumer, Zee Learn
Record Date Interim Dividend: Mold-Tek Packaging, HCL Technologies
Record-Date Dividend: Vesuvius India
Ex-Date Annual General Meeting: Rain Industries
Ex-Date Dividend: Elantas Beck India
Move Into Short-Term ASM Framework: Dolat Algotech, Equippp Social Impact Technologies, Veranda Learning Solutions
Move Out Of Short-Term ASM Framework: Andhra Paper
Money Market Update
The rupee ended Rs 76.52 at against the U.S. Dollar on Thursday as compared to Wednesday's closing of 76.49.
F&O Cues
Nifty April futures ended at 17,253.50, a premium of 8.45 points.
Nifty April futures added 34.56% and 43,737 shares in Open Interest.
Nifty Bank April futures ended at 36,500, a premium of 77.8 points.
Nifty Bank April futures added 21.29% and 17,690 shares in Open Interest.
Research Reports
Ambuja Cements Q1 Review - Robust QoQ, Fair Valuation: Dolat Capital
LIC IPO - Dominant Leader In Indian Life Insurance Industry: ICICI Direct
Fertilisers - Upward Revision In NBS Rates Comes As A Breather For The Industry: Prabhudas Lilladher
HUL - Beat In Q4 And Likely Repeat In FY23: ICICI Securities
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