Parag Milk board meeting today to discuss fundraising

Stock market essentials for July 18: Parag Milk board meeting today to discuss fundraising.

Events Today

Parag Milk: fund raise board meet

Results

BEPL

NELCO

Heidelberg Cement

AGM

Century Textiles & Industries (2:30 p.m.)

JSW Ispat Special Products (3:30 p.m.)

Oil & Gas Updates

Brent Crude at $100/bbl Vs $99.6/bbl

Singapore GRM at $6.8/bbl Vs $8.8/bbl

Asia Spot Gas prices at $36.3/mmBtu Vs $39/mmBtu

Corporate Action

Nil

DII/FII data

FIIs net sold worth Rs 1649.36 cr of shares on July 15 (prov)

DIIs net bought worth Rs 1059.46 cr of shares on July 15

FII F&O Cash Data:

Index futures net sell Rs 457 cr

Index options net buy Rs 3865 cr

Stock futures net buy Rs 361 cr

Stock options net sell Rs 300 cr

Total FII net buy Rs 3469 cr in F&O

F&O Ban

Delta Corp

Bulk/Block Deal

Nil

Corporate Announcements

Q1FY23 Operational Update

Kolte Patil Developers

Sales Value of Rs. 445 crore recorded during Q1 FY23, up 79% YoY

Collections of Rs. 474 crore during Q1 FY23, up 70% YoY

APR of Rs.7,260 during Q1 FY23, up 16% YoY and 13% QoQ

Strong improvement in Sale YoY both in volume and Value

Contribution from projects outside Pune was at 30% of Sales Value

Q1FY23 Results

NII at `19,481 cr vs `17,009 cr, up 15% YoY

PAT at `9,196 cr vs `7,730 cr, up 19% YoY

PPOP at `15,368 cr vs `15,137 cr, up 2% YoY

Provision at `3,188 cr vs `3,312 cr, down 4% QoQ

GNPAs at 1.28% vs 1.17% QoQ

NNPAs at 0.35% vs 0.32% QoQ

BEL

Revenue at `3,113 cr vs `1,635 cr, up 90% YoY

PAT at `432 cr vs `11 cr YoY

EBITDA at `514 cr vs `63 cr, YoY

EBTIDA Margin at 16.5% vs 3.8%

Q1FY23 order inflow came in at Rs 830 cr (-68% yoy)

Order book at Q1FY23-end stands at Rs 55330 cr (+2% yoy, 3.3x TTM sales)

L&T Tech QoQ

Revenue at Rs. 1874 cr vs Rs. 1756 cr, up 6.7%

EBIT at Rs. 344 cr vs Rs. 328 cr, up 4.9%

EBITDA at Rs. 402 cr vs Rs. 381 cr, up 5.5%

PAT at Rs. 274 cr vs Rs. 262 cr, up 4.6%

EBIT Margin at 18.4% vs 18.7%, down 32 bps

EBITDA Margin at 21.5% vs 21.7%, down 25 bps

CC revenue growth 4.7%

$ Rev Growth at $239.5 mn, up 3.2%

FY23 revenue growth guidance remains at 13.5-15.5%

ICICI Pru Life YoY

Net premium income at `6884 cr vs `6602 cr, up 4%

APE `1520cr vs `1220cr, up 25% (est: `1500cr)

PAT at `156 cr vs loss of `186 cr ( est- `242cr)

VNB seen at `471cr vs `358cr, up 32% (est: `434cr)

VNB Margin 31% vs 29.4%

Solvency ratio at 204% vs 194%

Persistency ratio for 13th month at 84% vs 81%

Persistency ratio for 61st month at 57% vs 55%

Den Networks, Cons YoY

Revenue at `283 cr vs `303 cr, down 6.6%

EBITDA at `40.9 cr vs `47.5 cr, down 13.9%

EBITDA margin at 14.45% vs 15.68%

PAT at `12.7 cr vs `40.9 cr, down 68.95%

JSPL, CONS YoY

Revenue at `14378 cr vs `11698 cr, up 22.91%

EBITDA at `2993 cr vs `4226 cr, down -29.18%

EBITDA margin at 20.82% vs 36.13%

PAT at `1929 cr vs `2516 cr, down -23.33%

Exceptional Item 61 cr

Company will aim to become Net Debt free by end of FY23.

JSPL appointed Sunil Kumar Agrawal as Executive Director of the company w.e.f. 15-Jul-2022

Oberoi Realty, Cons YoY

Revenue at `913 cr vs `284 cr, up 221.48%

PAT at `403 cr vs `80.6 cr, up 400%

EBITDA Loss `396.8 cr vs EBITDA `124.9 cr

Just Dial, Cons YoY

Net Rev From Ops 165 cr vs 186 cr

Loss 48 cr vs Loss 3.52 cr

Others

Happiest Minds Technologies

Purchased 2.4 lakh sq ft office space in Bengaluru for a consideration of ₹101 Crores

Facility enhances the Company’s seating capacity in Bangalore by about 30%

Purchase is funded substantially through borrowings from banks

Structured repayments in a manner such that cash flows are neutral in the medium and positive in the long term

PTC Industries

Rights Issue Price: 210 per Rights Equity Share

Record date: Eligible to apply for the equity shares in the Rights Issue as Friday, July 22, 2022

3 Rights Equity Share for every 2 Equity Shares held

Quick Heal

Board to consider buyback on July 21 along with Q1FY23 results.

MedPlus Healthcare

Incorporated a wholly-owned subsidiary namely, “MedPlus Insurance Brokers Private Limited”. Subsidiary is formed to carry on the business of direct insurance broking business.

Maharashtra Seamless

Received its first order of subsea sour service seamless pipes with basic value of Rs. 130 crores approx

MRPL

Deferred the agenda pertaining to way forward for complying with minimum public shareholding requirement.

Sequent Scientific

Appointed Mr. P V Raghavendra Rao as the Chief Financial Officer wef 25 Jul

Karnataka Bank

Partners with JCB India Ltd for equipment financing business.

KNR Construction

Wins road construction order worth Rs 34 cr.

Orchid Pharma

Unit’s PLI application approved

PLI scheme was for promotion of domestic manufacturing of critical Key Starting Materials (KSMs)/Drug Intermediates (Dls)/ Active Pharmaceutical Ingredients (APIs) in India.

This approval will help the Company in backward integration, reduce dependency on sourcing from China and aid in improving margins.

Shilpa Medicare

Company’s API facility in Karnataka has received GMP certificate from MOH-Russia. The facility was audited by the agency from Feb 17 to Feb 21. The facility involves in manufacturing, testing, packing, storage of chemically synthesized non- sterile drug substances for human use.

Jagsonpal Pharmaceuticals

Appointed Manish Gupta as the Managing Director.

Manish was with SeQuent Scientific as CEO and MD for 8 years, CEO – Pharma Business for Strides Pharma and before that with Wockhardt in various capacities.

Mrs Bectors Food

New production line of Biscuits at Rajpura with installed capacity of 12,000 TPA started its commercial production.

Om Infra

Market CAP is Rs 294 cr

Its joint venture received an order worth Rs 1,170 cr for design, build and operation & maintenance of Bhandup Waste Water Treatment Facility. Share in JV is 30%.

Ashiana Housing

Company had appointed Grant Thornton for forensic audit.

Auditor said that a suspected employee siphoned off funds amounting to Rs 4.26 cr by modifying/manipulating the bank account numbers

Funds were siphoned off by the suspected employee through collusion with the identified suspects.

PTC India Financial

Board sanctioned that Rs 595 cr shall be utilized for solar and other infrastructure projects.

Board expects likely disbursement of about Rs 800 cr in July 2022.

Other News

IndiGo In Focus

All India Aircraft Technicians write a letter to aircraft lessor, raising concerns on safety lapses

Technicians body expressed serious concern on lapses on aircraft maintenance, especially Airbus

The letter alleges that an airline with a large fleet of Airbus is facing technicians’ shortage

The letter alleges the airline is flying Airbus planes without proper maintenance

The letter alleges the airline is deferring the scheduled maintenance of the aircraft

The letter requests lessor to intervene and seek records of last 7 days.

Alert : Indigo Airline has a large fleet of Airbus aircraft

All India Aircraft Technicians body named two of Indigo Airline’s senior officials for the lapse

DGCA has discussed with the airline & has been assured of addressal of the issues: Sources

IndiGo Says, “IndiGo follows the highest standards of aircraft maintenance and adheres to all regulatory norms. We have a fleet of over 280 aircraft with high operational availability, making it one of the safest airlines in the world. We are committed to providing an on-time, affordable, safe and a courteous & hassle-free service to all our customers.”

RIL, OMC, MRPL and Chennai Petroleum In Focus

Singapore GRM at 4-month low

Singapore GRM drops to $6.79/barrel Vs $21./4 barrel average in Q1FY23

Singapore GRM is at its lowest since March 16, 2022

RITES

NRZ In Deal To Import 350 Wagons, 9 Locomotives From India: Africa Press

Zimbabwe is engaging India for an agreement to import rolling stock as part of continuous efforts to capacitate and revitalise the National Railways of Zimbabwe (NRZ).

A delegation from Zimbabwe comprising government officials and the NRZ is in New Delhi, India to finalise an agreement on the importation of locomotives and wagons, according to ZBC News.

The delegation has since engaged an Indian state-owned company Rites Limited, which is into manufacturing rolling stock.

Aviation stocks in focus

ATF prices cut by 2.2%

Prices in Delhi reduced to Rs 1,38,148/Kl Vs Rs 1,41,233/Kl

New rates are applicable till July 31, 2022

BSE

SEBI clears appointment of BSE’s Ashish Kumar Chauhan as NSE chief

From Bloomberg

India Official Reserves Drop to Lowest Since April 2021

Official reserve assets of India fell $8.06b, or 1.4%, from the previous week to $580.3b on July 8, according to Reserve Bank of India figures.

Reserves down 4.9% from the same period last year

Gold down 3.1% W/w, up 7.7% Y/y to $39.2b

Foreign currency assets down 1.3% W/w, 8.6% Y/y to $518.1b

Special Drawing Rights (SDR) down 0.7% W/w, up 1,064% Y/y to $18b

Insiders

Companies Category No. Of Shares Activity
Avenue Supermarts Designated Person 1,000 Sold
Emami Designated Person 8,680,000 Pledge Released

Investor/Analysts Meet

Varroc Engineering to meet Nippon India, Baroda BNP and HDFC MF on July 18.

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