Stocks to Watch: Jindal Stainless, Ambuja Cements, Godrej companies, APSEZ, Shriram Finance, KMB

Ambuja Cements: On Wednesday, Ambuja Cements announced a standalone nett net of ₹532.29 crore for the 4th ending March 2024, marking a 6% summation from ₹502.40 crore successful the aforesaid 4th of the erstwhile year. The company's Q4FY24 gross from operations accrued by 12.3% YoY to ₹4,780.32 crore. Operational level EBITDA for the 4th roseate by 1.2% to ₹797.8 crore, portion the EBITDA borderline decreased by 180 ground points to 16.7%. On a consolidated basis, the institution reported a 64% summation successful nett net astatine ₹1,055.30 crore. Consolidated gross from operations successful Q4FY24 accrued by 12% YoY to ₹8,893.99 crore. The Board of Directors recommended a dividend of ₹2 per equity stock for FY24, with Friday, 14 June acceptable arsenic the grounds date.

Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet, and Astec LifeSciences: The Godrej household has agreed to disagreement the conglomerate into 2 branches. Adi and his member Nadir volition clasp the listed entities, portion their relative Jamshyd volition instrumentality power of the unlisted companies and the onshore bank. This statement was shared with the banal exchanges connected April 30. As portion of the realignment, members of Adi and Nadir's household volition marque an unfastened connection to the shareholders of Astec Lifesciences. The Godrej trademark volition beryllium arsenic owned and shared by some household groups. The Godrej household is divided into 2 factions: Godrej Industries & Associates, led by Adi Godrej and his member Nadir, and Godrej & Boyce Manufacturing Company (G&B), led by cousins Jamshyd Godrej and Smitha Godrej Crishna. The household holds a 64.89% involvement successful Godrej Agrovet, a 23.74% involvement successful Godrej Consumer, and a 47.34% involvement successful Godrej Properties. The radical has 5 listed firms: Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet, and Astec LifeSciences.

Adani Ports and Special Economic Zone: APSEZ is acceptable to denote its fiscal results for the 4th that ended successful March 2024 connected May 1. Analysts foretell that the institution whitethorn study mixed earnings, with expected important surges successful gross and EBITDA owed to accrued volumes, but a imaginable diminution successful nett net for the period. The absorption volition beryllium connected planetary instrumentality commercialized and the operations of planetary ports, with investors besides monitoring cargo measurement projections for FY25 and superior expenditure forecasts for the existent fiscal year. According to Equirus Capital, the institution is expected to witnesser a 12.4 percent YoY diminution successful nett profit, with figures dropping to ₹2,129.60 crore from ₹2,432.30 crore successful the corresponding 4th of the erstwhile year. However, income are expected to surge by 20.7 percent YoY, reaching ₹6,996.40 crore compared to ₹5,796.90 crore successful the erstwhile year. Furthermore, the EBITDA borderline is anticipated to basal astatine 60 percent, marking a important summation of 377 ground points year-on-year. Separately, APSEZ announced connected Wednesday that it has secured an AAA standing from CARE Ratings. This makes the institution the archetypal large-sized backstage infrastructure developer to execute this recognition.

Shriram Finance: UAE-based sovereign money Mubadala Investment Company and Warburg Pincus are successful discussions with Shriram Finance to get a controlling involvement successful its subsidiary Shriram Housing Finance (SHFL). Shriram Finance confirmed connected Tuesday that it is looking to unlock worth successful the lodging concern limb to unafraid maturation capital. The institution said successful effect to a question connected whether it is successful talks with the planetary majors Mubadala and Warburg, "We are successful discussions to unafraid maturation superior for Shriram Finance. Nothing has been finalised. Discussions are with aggregate investors." The woody is apt to beryllium betwixt ₹5,300 crore and ₹6,500 crore, based connected reports.

Kotak Mahindra Bank: The slope announced connected Tuesday that KVS Manian has resigned arsenic Joint Managing Director of the slope with contiguous effect. As a effect of his resignation, Manian ceases to beryllium a Director and a Key Managerial Personnel of the Bank. In February this year, it was reported that Federal Bank had shortlisted Manian arsenic a Chief Executive Officer (CEO) candidate.

Adani Wilmar: The institution reported a 67% YoY summation successful its nett net for Q4FY24, rising to ₹157 crore from ₹94 crore successful the aforesaid play past year, connected Wednesday. However, the company's gross from operations declined by 5% YoY to ₹13,238 crore. The institution noted robust maturation successful its income volume, with important increases successful some the edible oils and foods segments passim the 4th and the full fiscal year, attributed to accrued retail penetration.

Indus Towers: The institution reported a 32.5% YoY summation successful nett net astatine ₹1,853.1 crore for the 4th fourth that ended connected March 31, 2024. The company's gross from operations accrued by 6.5% to ₹7,193.2 crore compared to ₹6,752.9 crore successful the aforesaid play of the erstwhile fiscal year. At the operational level, EBITDA roseate by 19% to ₹4,102.6 crore successful the 4th fourth of this fiscal twelvemonth compared to ₹3,446.6 crore successful the corresponding play of the erstwhile fiscal year. The EBITDA borderline stood astatine 57% successful the reporting 4th compared to 51% successful the corresponding play of the erstwhile fiscal year.

Wipro: The institution has entered into a multi-million-dollar statement with telecommunications elephantine Nokia to revamp the latter’s worker work table and supply seamless, real-time IT enactment to a planetary web of employees. Wipro's squad volition make a bespoke AI-powered, cloud-based solution for Nokia's workforce, which consists of astir 86,700 users globally successful 130 countries of operation. Designit, a Wipro portion that specializes successful idiosyncratic acquisition strategy and implementation, volition behaviour idiosyncratic probe to guarantee personalized assistance is offered to employees astatine the close time.

Adani Power: The institution reported a 48% alteration successful its consolidated nett profit, amounting to ₹2,737 crore against ₹5,243 crore reported during the corresponding play past twelvemonth connected May 1. For the quarter, the company's gross surged 29% YoY, reaching ₹13,787 crore. EBITDA for the aforesaid play much than doubled year-on-year to ₹5,273 crore.

Dabur India: The FMCG institution is expected to study a nett net of ₹320 crore for the 4th ended March 31, 2024, according to mean estimates of 4 brokerages. This volition beryllium a 9% YoY leap implicit ₹293 crore reported successful the year-ago play led by maturation successful home business. The gross from operations could apt beryllium astir ₹2,826 crore for the January-March quarter, up by 5.5% YoY. The institution volition denote its quarterly net connected May 2.

Adani Total Gas: The institution reported a important 71.6% YoY summation successful nett profit, amounting to ₹168 crore for the 4th fourth that ended successful March 2024. In the aforesaid 4th of the erstwhile year, the institution had posted a nett net of ₹97.9 crore. The company's gross from operations saw a 4.7% increase, rising to ₹1,167 crore from ₹1,114.8 crore successful the corresponding play of the preceding fiscal year. At the operational level, EBITDA jumped 47.6% to ₹299.1 crore successful the 4th fourth of this fiscal year, up from ₹195.2 crore successful Q4 of FY23. The EBITDA borderline stood astatine 24.7% successful the reporting quarter, compared to 17.5% successful the year-ago period. The committee has recommended a dividend of ₹0.25 per equity stock of the look worth of ₹1 for the fiscal twelvemonth 2023-24.

GE T&D India: The institution announced connected Wednesday that it has secured an bid from Powergrid to acceptable up a authorities transmission plus absorption centre (STAMC) successful Odisha. The centre volition assistance Odisha Power Transmission Corporation Limited (OPTCL) run the grid done real-time monitoring and control. It volition assistance OPTCL optimize grid operations and integrate renewable vigor sources much efficaciously by enabling the substations to beryllium remotely controlled with precocious grid bundle solutions, which volition beryllium installed astatine 4 locations crossed the authorities of Odisha.

Havells India: The institution reported a 24.1% YoY summation successful nett net astatine ₹448.9 crore for the 4th fourth that ended connected March 31, 2024. The company's gross from operations accrued by 12.1% to ₹5,434.3 crore compared to ₹4,850 crore successful the aforesaid play past year. At the operational level, EBITDA roseate by 20% to ₹636.8 crore successful Q4FY24 compared to ₹531 crore successful Q4FY23. The EBITDA borderline stood astatine 11.7% successful Q4 compared to 10.9% successful the corresponding play past year. The committee recommended a last dividend of ₹6 per equity stock of ₹1 each, amounting to 600% of the look value, for the fiscal twelvemonth 2023-24.

IndiaMART InterMESH: The e-commerce steadfast reported a important 78.5% YoY summation successful nett profit, amounting to ₹99.6 crore for the 4th fourth that ended successful March 2024. In the aforesaid play past year, the institution had posted a nett net of ₹55.8 crore. The company's gross from operations accrued by 17.1% to ₹314.7 crore, up from ₹268.8 crore successful the corresponding play past year. At the operational level, EBITDA accrued by 33.7% to ₹88.4 crore successful the 4th fourth of this fiscal year, up from ₹66.1 crore successful the corresponding play of the erstwhile fiscal year. The EBITDA borderline stood astatine 28.1% successful the reporting quarter, compared to 24.6% successful the year-ago period. The committee of directors has recommended a last dividend of ₹20 per equity stock of ₹10 each for FY24.

Maruti Suzuki India: The automaker reported connected Wednesday a 4.7% summation successful full income astatine 1,68,089 units successful April. The institution had dispatched a full of 1,60,529 units to its dealers successful the aforesaid period past year. Total home rider conveyance income were 1,37,952 units, compared to 1,37,320 units successful the year-ago period. Sales of mini conception cars declined to 11,519 units, down from 14,110 units successful April 2023. Sales of compact cars besides fell to 56,953 units past month, down from 74,935 units successful the year-ago month. Utility vehicles clocked income of 56,553 units past month, up from 36,754 units earlier. Sales of vans were 12,060 units successful April, up from 10,504 units a twelvemonth ago, portion that of airy commercialized conveyance Super Carry stood astatine 2,496 units, up from 2,199 units successful April 2023. MSI said its exports past period stood astatine 22,160 units, up from 16,971 units successful the aforesaid period past year.

IFCI: The government-owned non-bank concern institution reported a nett for FY24, ending 7 consecutive years of losses, pursuing its enlargement into authorities and backstage firm advisory services. The institution swung to a nett of ₹128 crore for FY24, up from a nonaccomplishment of ₹288 crore successful the erstwhile year. Standalone gross improved by 19% to ₹896 crore.

Castrol India: The lubes shaper reported a 6.8% YoY summation successful nett net astatine ₹216.2 crore for the archetypal 4th that ended connected March 31, 2024. The institution follows the January to December fiscal year. In the corresponding 4th past year, Castrol had posted a nett net of ₹202.5 crore. The company's nett earlier taxation (PBT) for the archetypal 4th of 2024 reached ₹292 crore, reflecting a 1% rise, compared to ₹288 crore successful the archetypal 4th of 2023. The company's gross from operations accrued by 2.4% to ₹1,325.2 crore, up from ₹1,293.9 crore successful the corresponding play of the preceding fiscal year. The gross for the archetypal 4th of 2024 saw an summation of 5% from ₹1,264 crore successful the preceding 4th (fourth 4th of 2023).

Tata Motors: The institution announced connected Wednesday that its full wholesales roseate by 11.5% YoY to 77,521 units past month, compared to 69,599 units successful April 2023. The company's full home dispatches roseate by 12% to 76,399 units past month, up from 68,514 units successful April 2023. Total rider conveyance income roseate by 2% to 47,983 units past month, up from 47,107 units successful April 2023. Total commercialized conveyance income stood astatine 29,538 units past month, a leap of 31% compared to 22,492 units successful April 2023.

TVS Motor: The institution announced connected Wednesday that its full income successful April 2024 accrued by 25% YoY to 3,83,615 units, compared to the aforesaid period past year. The institution dispatched 3,06,224 units to its dealers successful the aforesaid period past year. Total two-wheeler income past period stood astatine 3,74,592 units, compared to 2,94,786 units successful April 2023. Two-wheeler income successful the home marketplace grew by 29% to 3,01,449 units past month, up from 2,32,956 units successful April 2023. Total exports registered a maturation of 12%, with income expanding from 71,663 units successful April 2023 to 80,508 units past month. However, three-wheeler income declined to 9,023 units successful April 2024, down from 11,438 units successful the aforesaid period past year.

Eicher Motors: The institution announced connected Wednesday that its subsidiary VE Commercial Vehicles reported an 18.1% YoY diminution successful full income to 5,377 units successful April 2024. VE Commercial Vehicles (VECV), a associated task of the Volvo Group and Eicher Motors, sold 6,567 units successful April 2023. April 2024 income included 5,254 units of the Eicher marque and 123 units of the Volvo label. In the home commercialized vehicles market, Eicher branded trucks and buses recorded income of 4,898 units past month, compared to 6,142 units successful April 2023. Exports of Eicher branded trucks and buses roseate 38.5% to 356 units, up from 257 units successful April 2023.

Coal India: The institution announced connected Wednesday that its accumulation accrued by 7.3% to 61.8 cardinal tonnes (MT) successful April. The institution had produced 57.6 MT of ember successful the corresponding period of the erstwhile fiscal year. CIL besides registered a emergence of 3.2% successful ember offtake to 64.3 MT past month, implicit 62.3 MT successful the year-ago period.

ITC: Fortune Hotels, a subordinate of ITC's edifice group, is readying to unfastened a caller edifice each period successful the existent fiscal year, according to the company's Managing Director Samir MC. The institution precocious opened its archetypal planetary hotel, Fortune Resort & Wellness Spa Bhaktapur, successful Nepal, marking a important milestone successful the company's "beyond borders" enlargement strategy, which envisions its beingness successful South Asia and proximal markets. Following this prestigious opening, the institution is poised to unfastened astatine slightest 4 to six much hotels successful the archetypal fractional of the fiscal twelvemonth successful unsocial destinations similar Kevadia (Ekta Nagar, Gujarat), Candolim (Goa), Palampur (Himachal Pradesh), and a formation edifice successful Chennai among others, and an adjacent fig successful the 2nd fractional of the fiscal year.

Netweb Technologies: The home machine server shaper posted a astir three-fold leap successful its nett net to ₹29.6 crore successful the 4th fourth ended connected March 31, 2024, owed to a roar successful request for artificial intelligence-based solutions. The institution had posted a nett net of ₹10.5 crore successful the aforesaid play a twelvemonth ago. Revenue from operations of Netweb Technologies much than doubled to ₹265.88 crore during the reported 4th from ₹123.39 crore successful the year-ago period. Netweb Technologies' income from AI Systems has grown by astir 2.6 times connected a year-over-year ground and is present implicit 11 percent of operating income.

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Published: 02 May 2024, 08:15 AM IST