All You Need To Know Going Into Trade On August 16

U.S. equity futures and Asian stocks slipped Monday as the delta virus strain hampers economic reopening and as traders await key Chinese data that may signal slower growth.

Stocks fell in Japan with smaller declines in Australia. S&P 500 and Nasdaq 100 contracts retreated. The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, fell 0.12% to 16,507.50 as of 7:15 a.m.

China retail sales and industrial output numbers may show growth slowed in July amid flooding and mobility curbs to fight a virus outbreak. Beijing’s regulatory crackdown on private industries has already unnerved markets, and speculation is growing that officials could further ease monetary policy.

Investors are also tracking the fall of Afghanistan to the Taliban and the potential implications for President Joe Biden, amid alarm in Congress that the country could reemerge as a threat to U.S. national security. Biden’s economic agenda is already facing lawmaker obstacles, after some House Democrats threatened to withhold support from a $3.5 trillion budget blueprint until a bipartisan infras

Traders will also be monitoring the Federal Open Market Committee’s latest minutes this week and a speech by Federal Reserve Chair Jerome Powell for more clues about the likely timeline for a tapering in the central bank’s $120 billion in monthly bond purchases.

Elsewhere, Bitcoin was trading around $47,500 and the total market value of cryptocurrencies was back above $2 trillion. Crude oil slipped.

Earnings Post Market Hours

ONGC Q1FY22 (Standalone, QoQ)

• Revenues up 8.6% at Rs 23,021.64 crore Vs Rs 21,188.91 crore (Bloomberg estimate: Rs 23,273.7 crore)

• Net profit down 35.6% at Rs 4,334.75 crore Vs Rs 6,733.97 crore (Bloomberg estimate: Rs 4,690.2 crore)

• Ebitda up 35% at Rs 11,001.78 crore Vs Rs 8,149.35 crore (Bloomberg estimate: Rs 12,036 crore)

• Margins at 47.8% Vs 38.5% (Bloomberg estimate: 51.7%)

• The net crude realisation jumped 13% to $65.59/barrel.

Indraprastha Gas Q1FY22 (Consolidated, QoQ)

• Revenue down 19% at Rs 1,380.49 crore Vs Rs 1,710.32 crore

• Net profit down 26% at Rs 277.95 crore Vs Rs 375.10 crore

• Ebitda down 23% at Rs 380.86 crore Vs Rs 491.76 crore

• Margin at 27.6% Vs 28.8%

Apollo Hospitals Q1 FY22 (Consolidated, QoQ)

• Revenue up 31% at Rs 3,760.2 crore Vs 2,868 crore (Bloomberg estimate: Rs 3,117.3 crore)

• Net profit up 1.91 times at Rs 489.3 crore Vs Rs 167.9 crore (Bloomberg estimate: Rs 165.7 crore)

• Ebitda up 26% at Rs 519.9 crore Vs Rs 411.8 crore (Bloomberg estimate: Rs 434.9 crore)

• Margins at 13.8% Vs 14.4% (Bloomberg estimate: 14%)

Ruchi Soya Industries Q1FY22 (Standalone, QoQ)

• Revenue up 9% at Rs 5,266.15 crore Vs Rs 4,838.50 crore

• Net profit down 45% at Rs 173.53 crore Vs Rs 314.33 crore

• Ebitda up 33% at Rs 331.02 crore Vs Rs 249.58 crore

• Margin at 6.3% Vs 5.2%

NLC India Q1FY22 (Consolidated, QoQ)

• Revenue up 7% at Rs 3,036.46 crore Vs Rs 2,839.55 crore

• Net profit down 54% at Rs 347.69 crore Vs Rs 752.84 crore

• Ebitda up 15% at Rs 976.95 crore Vs Rs 849.25 crore

• Marginat 32.2% Vs 29.9%

NHPC Q1FY22 (Consolidated, QoQ)

• Revenue up 50% at Rs 2,417.12 crore Vs Rs 1,609.17 crore

• Net profit up 1.12 times at Rs 907.77 crore Vs Rs 427.55 crore

• Ebitda up 1.64 times at Rs 1,448.87 crore Vs Rs 548.10 crore

• Margin at 59.9% Vs 34.1%

NBCC (India) Q1FY22 (Consolidated, QoQ)

• Revenue down 48% at Rs 1,386.78 crore Vs Rs 2,667.43 crore

• Net profit down 55% at Rs 35.79 crore Vs Rs 79.63 crore

• Ebitda down 88% at Rs 9.31 crore Vs Rs 76.05 crore

• Margin at 0.7% Vs 2.9%

Dilip Buildcon Q1FY22 (Consolidated, QoQ)

• Revenue down 22% at Rs 2,438.26 crore Vs Rs 3,135.47 crore

• Loss attributable to the owners of the parent at Rs 15.88 crore Vs Profit of Rs 123.67 crore

• Profit for the period at Rs 29.73 crore Vs Rs 168.75 crore

• Ebitda down 22% at Rs 456.11 crore Vs Rs 584.33 crore

• Margin at 18.7% Vs 18.6%

Glenmark Pharmaceuticals Q1FY22 (Consolidated, QoQ)

• Revenue up 4% at Rs 2,964.89 crore Vs Rs 2,859.89 crore

• Net profit up 31% at Rs 306.52 crore Vs Rs 233.87 crore

• Ebitda up 10% at Rs 573.57 crore Vs Rs 523.42 crore

• Margin 19.35% Vs 18.30%

• India business grew 57% YoY to Rs 1,225 crore

• North America business recorded growth of 6% YoY to Rs 787.80 crore

Petronet LNG Q1FY22 (Consolidated, QoQ)

• Revenue up 13% at Rs 8,597.90 crore Vs Rs 7,575.32 crore

• Net profit up 5% at Rs 670.06 crore Vs Rs 637.92 crore

• Ebitda down 4% at Rs 1,051.53 crore Vs Rs 1,091. 09 crore

• Margin at 12.23% Vs 14.40%

Vodafone Idea Q1FY22 (Consolidated, QoQ)

• Revenues down 4.7% at Rs 9,152.3 crore Vs Rs 9,607.6 crore (Bloomberg estimate: Rs 9,592.1 crore)

• Net loss at Rs 7,319.1 crore Vs Rs 7,022.8 crore (Bloomberg estimate: Rs 6,614.6 crore)

• Ebitda down 15.9% at Rs 3,707.7 crore Vs Rs 4,408.7 crore (Bloomberg estimate: Rs 4,286.5 crore)

• Margin at 40.5% Vs 45.9% (Bloomberg estimate: 44.7%)

• Average revenue per user fell to Rs 104 from Rs 107

JK Cement Q1FY22 (Consolidated, QoQ)

• Revenue down 20% at Rs 1,714.14 crore Vs Rs 2,134.14 crore

• Net profit down 11% at Rs 191.94 crore Vs Rs 215.91 crore

• Ebitda down 9% at Rs 402.90 crore Vs Rs 444.34 crore

• Margin 23.50% Vs 20.82%

Suzlon Energy Q1FY22 (Consolidated, QoQ)

• Revenue up 1% at Rs 1,141.78 crore Vs Rs 1,136 crore

• Net loss at Rs 22.44 crore Vs Rs 56.65 crore

• Ebitda down 21% at Rs 154.07 crore Vs Rs 195.97 crore

• Margin at 13.49% Vs 17.25%

GMR Infrastructure Q1FY22 (Consolidated, QoQ)

• Revenue down 23% at Rs 1,775.87 crore Vs Rs 2,320.53 crore

• Net loss at Rs 317.91 crore Vs Rs 723.36 crore

• Ebitda down 50% at Rs 421.92 crore Vs Rs 843.81 crore

• Margin at 23.76% Vs 36.36%

• Received first tranche of Rs 1,692 crore out of total Rs 2,719 crore for selling stake in Kakinada SEZ

• Airport traffic rebounded quickly from last week of May and is on a fast pace recovery path than initially anticipated

• Expects return to the pre-Covid traffic level in Indian Airports by end FY22 driven by domestic segment

• Approved enabling resolution for raising up to Rs 6,000 crore in one or more tranches via QIP, FCCB issues among other modes

Amara Raja Batteries Q1FY22 (Consolidated, QoQ)

• Revenue down 10% at Rs 1,886.17 crore Vs Rs 2,102.61 crore

• Net profit down 34% at Rs 124.10 crore Vs Rs 189.38 crore

• Ebitda down 21% at Rs 250.02 crore Vs Rs 316.40 crore

• Margin at 13.26% Vs 15.05%

Minda Industries Q1FY22 (Consolidated, QoQ)

• Revenue down 28% at Rs 1,602.55 crore Vs Rs 2,238.27 crore

• Net profit down 89% at Rs 15.42 crore Vs Rs 140.32 crore

• Ebitda down 51% at Rs 146.70 crore Vs Rs 301.59 crore

• Margin at 9.2% Vs 13.5%

Sun TV Network Q1FY22 (Consolidated, QoQ)

• Revenue up 2% at Rs 818.87 crore Vs Rs 802.55 crore

• Net profit down 25% at Rs 365.23 crore Vs Rs 487.46 crore

• Ebitda down 12% at Rs 487.18 crore Vs Rs 550.90 crore

• Margin at 59.5% Vs 68.6%

• Declared an interim dividend of Rs 3.75 per equity share

Burger King Q1FY22 (QoQ)

• Revenue down 23% at Rs 149.72 crore Vs Rs 196.05 crore

• Net loss at Rs 44.35 crore Vs Rs 25.94 crore

• Ebitda down 94% at Rs 1.50 crore Vs Rs 24.41 crore

• Margin 1% Vs 12.5%

J&K Bank Q1FY22 (Consolidated, YoY)

• Net Interest Income up 7% at Rs 969.38 crore Vs Rs 904.44 crore

• Net profit up 13.38 times at Rs 104.95 crore Vs Rs 7.3 crore

• GNPA at 9.69% Vs 9.67% (QoQ)

• NNPA at 2.94% Vs 2.95% (QoQ)

• Provisions at Rs 215.83 crore Vs Rs 28.27 (QoQ)

• Provision for loan losses at Rs 93.25 crore Vs Rs 444.68 crore (QoQ)

Poonawalla Fincorp Q1FY22 (Consolidated, QoQ)

• Net Interest Income down 14% at Rs 276.78 crore Vs Rs 322.33 crore

• Net profit at Rs 64.53 crore Vs Net loss of Rs 647.72 crore

• Gross Stage 3 asset at 5.8% Vs 3.7%

• Net Stage 3 asset at 3.7% Vs 1.2%

SpiceJet Q1FY22 (Consolidated, QoQ)

• Revenue down 40% at Rs 1,125 crore Vs Rs 1,888.19 crore

• Net loss at Rs 731.11 crore Vs Rs 256.97 crore

• Ebitda loss at Rs 414.91 crore Vs Rs 77.25 crore

Stocks To Watch

• eClerx Services: To buy back up to Rs 303 crore of shares. The company plans to buy back shares through a tender route at as much as Rs 3,200 each.

• HCL Technologies: Rogers Communications, a Canadian telecom service provider and media company, has selected HCL to expand support of operational stability excellence in business and operational support systems and corporate IT systems. This new multi-year agreement will strengthen HCL’s managed services partnership with Rogers that began in 2016, the company said.

• Future Lifestyle Fashions: Aims to increase online business 2.7x in FY22.

• Future Consumer: Approves merger of three step-down subsidiaries—Integrated Food Park, Future Food and Products, and Future Food Processing—with the company.

• Max Financial Services: Chief Financial Officer Jatin Khanna resigns effective September 30.

Pledge Share Details

• Asahi India Glass: Promoter Sanjay Labroo revoked pledge of 16.95 lakh shares on August 9.

  As reported on August 13.

New Listings

• Devyani International Limited

• Exxaro Tiles Limited

• Krsnaa Diagnostics Limited

• Windlas Biotech Limited

IPO Watch

• Inspira Enterprise India has filed draft papers with SEBI to raise Rs 800 crore through IPO. The initial share sale consists of fresh issuance of equity shares to the tune of Rs 300 crore and an offer of sale of equity shares worth Rs 500 crore by Prakash Jain, Manjula Jain Family Trust and Prakash Jain Family Trust, as per the DRHP.

• Go Fashion has filed draft papers with SEBI for initial share sale. The IPO comprises fresh issue of equity shares worth up to Rs 125 crore and OFS of up to 1.28 crore equity shares by promoter and existing shareholders.

• VLCC Health Care has filed IPO papers with SEBI. The initial share sale comprises fresh issuance of equity shares worth Rs 300 crore and an OFS of 89.22 lakh equity shares by promoter and existing shareholders.

• Latent View Analytics has filed draft papers with SEBI for Rs 600 crore IPO. The initial share sale comprises fresh issue of Rs 474 crore and an offer for sale of Rs 126 crore.

• CMS Info Systems has filed draft papers with SEBI to raise Rs 2,000 crore via IPO.

Bulk Deals

• Sudarshan Chemical Industries: Promoter Rahul Rathi sold 7.50 lakh shares (1.08%) at Rs 640.46 per share.

Insider Trades

• Globus Spirits: Promoter Rambagh Facility Services LLP bought 3.31 between August 11-12.

• Shalby: Promoter Kairav Shah sold 57,306 shares on August 12.

• Surya Roshni: Promoter Surya Roshni Employees Welfare Trust bought 70,500 shares between August 9-11.

• Usha Martin: Promoter Peterhouse Investments sold 3 lakh shares between August 11-12.

Trading Tweaks

• Move Into ASM Framework: Hexa Tradex

• Move Out Of ASM Framework: IFGL Refractories, Cyient, Prakash Industries

Money Market Update

• The rupee ended at 74.24 against the U.S. Dollar on Friday as compared to Thursday's closing of 74.25.

• Nifty August futures ended at 16,518.00, a discount of 11.1 points

• Nifty August futures added 5.08%, and 13,191 shares in Open Interest

• Nifty Bank August futures ended at 36,192.65, a premium of 23.3 points

• Nifty Bank August futures added 0.74%, and 561 shares in Open Interest

• Securities that continue to be on the ban list: Canara Bank, Indiabulls Housing Finance, Punjab National Bank, RBL Bank, Sun TV

• Securities added to the ban list: Cadila Healthcare, Nalco. SAIL