FII SELL NET RUPEES 3115.39 CR OF INDIA SHARES TODAY || DII BUY NET RUPEES 214.40 CR

Here's a snapshot of how companies reported Q3 FY24 earnings yesterday.

HDFC Bank ADR down by 3.8%

Earnings Post Market Hours : Axis Bank Q3 FY24 (Standalone, YoY) NII at Rs 12,532 crore vs Rs 11,459 crore, up 9.4% (YoY). Net profit at Rs 6,071.1 crore vs Rs 5,853.1 crore, up 3.7% (YoY) (Bloomberg estimate Rs 6,117 crore). Gross NPA at 1.58% vs 1.73% (QoQ). Net NPA at 0.36% vs 0.36% (QoQ).

Route Mobile Q3 Earnings FY24 (Consolidated, QoQ) Revenue at Rs 1,024.3 crore vs Rs 1,014.6 crore, up 1%. Ebitda at Rs 125.2 crore vs Rs128.1 crore, down 2.31%. Margin at 12.22% vs 12.62%. Net profit at Rs 113.6 crore vs 88.35 crore, up 28.6%. Board declared a dividend of Rs 1.53 per share.

Man Industries Q3 FY24 (Consolidated, YoY) Revenue at Rs 833.02 crore vs Rs 658.11 crore, up 26.57%. Ebitda at Rs 64.72 crore vs Rs 58.9 crore, up 9.88%. Margin at 7.76% vs 8.94%. Net profit at Rs 30.6 crore vs Rs 37.2 crore, down 17.74%. Board approves raising up to Rs 250 crore via QIP.

Sona BLW Precision Forgings Q3 FY24 (Consolidated, YoY) Revenue at Rs 776.6 crore vs Rs 684.9 crore, up 13.4%. Ebitda at Rs 227.26 crore vs Rs 185.9 crore, up 22.2%. Margin at 29.26% vs 27.15%. Net profit at Rs 133.6 crore vs Rs 107.1 crore, up 24.7%. Board declared dividend of Rs 1.53 per share.

Karnataka Bank Q3 FY24 (Standalone, YoY) NII at Rs 827.6 crore vs Rs 834.8 crore, down 1% (YoY). Net profit at Rs 331.08 crore vs Rs 300.68 crore, up 10.1% (YoY). GNPA at 3.64% vs 3.4% (QoQ). NNPA at 1.55% vs 1.36% (QoQ).

Rallis India Q3 FY24 (Consolidated, YoY) Revenue at Rs 598 crore vs Rs 630 crore, down 5.08% (Bloomberg estimate: Rs 591.7 crore). Ebitda at Rs 62 crore vs Rs 53 crore, up 16.98% (Bloomberg estimate: Rs 64.7 crore). Margin at 10.36% vs 8.41% (Bloomberg estimate: 10.90%). Net profit at Rs 24 crore vs Rs 22 crore, up 9.09% (Bloomberg estimate: Rs 27 crore).

Tata Elxsi Q3 FY24 (Consolidated, QoQ) Revenue at Rs 914.23 crore vs Rs 881.7 crore, up 3.68% (Bloomberg estimate: Rs 909.6 crore). EBIT at Rs 244.7 crore vs Rs 238.75 crore, up 2.49% (Bloomberg estimate: Rs 246.8 crore). Margin at 26.76% vs 27.07%, down 31 bps (Bloomberg estimate: 27.10%). Net profit at Rs 206.43 crore vs Rs 200.22 crore, up 3.1% (Bloomberg estimate: Rs 200.9 crore).

Cyient DLM Q3 FY24 (Consolidated, YoY) Revenue at Rs 321 crore vs Rs 214.4 crore, up 49.72% (Bloomberg estimate: Rs 321.3 crore). Ebitda at Rs 29.3 crore vs Rs 20.5 crore, up 42.92% (Bloomberg estimate: Rs 30.3 crore). Margin at 9.12% vs 9.56% (Bloomberg estimate: 9.40%). Net profit at Rs 18.4 crore vs Rs 5.7 crore, up 222.8% (Bloomberg estimate: Rs 16.9 crore). Appointed Kaushal Jadia as Chief T

Puravankara Q3 FY24 (Consolidated, YoY) Revenue at Rs 573.7 crore vs Rs 392.45 crore, up 46.18%. Ebitda at Rs 198.9 crore vs Rs 110.95 crore, up 79.26%. Margin at 34.66% vs 28.27%. Net profit at Rs 77.79 crore vs Rs 22.55 crore, up 244.96%. The board approved the payment of interim dividend of Rs 6.30 per share.

Glenmark Life Sciences Q3 FY24 (Consolidated, YoY) Revenue at Rs 572.8 crore vs Rs 540.7 crore, up 5.9%. Ebitda at Rs 172.6 crore vs Rs 145.5 crore, up 18.6%. Margin at 30.13% vs 26.9%. Net profit at Rs 118.8 crore vs Rs 105 crore, up 13.1%.

Mahanagar Gas Q3 FY24 (Consolidated, QoQ) Revenue at Rs 1,568.8 crore vs Rs 1,570.9 crore, down 0.3% (Bloomberg estimate: Rs 1,535.3 crore). Ebitda at Rs 448.7 crore vs Rs 478.9 crore, down 6.3% (Bloomberg estimate: Rs 410 crore). Margin at 28.6% vs 30.48% (Bloomberg estimate: 26.70%). Net profit at Rs 317.2 crore vs Rs 338.5 crore, down 6.3% (Bloomberg estimate: Rs 285.5 crore).

United Spirits Q3 FY24 (Consolidated, YoY) Revenue at Rs 3,002.1 crore vs Rs 2,778.7 crore, up 5.3%. Ebitda at Rs 486.5 crore vs Rs 371.8 crore, up 30.8%. Margin at 16.2% vs 13.38%. Net profit at Rs 350.2 crore vs Rs 214.2 crore, up 63.5%.

Pidilite Industries Q3 FY24 (Consolidated, YoY) Revenue at Rs 3,130 crore vs Rs 2,997.6 crore, up 4.4% (Bloomberg estimate: Rs 3,221.5 crore). Ebitda at Rs 742.5 crore vs Rs 495.9 crore, up 49.7% (Bloomberg estimate: Rs 736.7 crore). Margin at 23.72% vs 16.54% (Bloomberg estimate: 22.9%). Net profit at Rs 510.9 crore vs Rs 307.7 crore, up 66% (Bloomberg estimate: Rs 492.7 crore).

JSW Energy Q3 FY24 (Consolidated, YoY) Revenue at Rs 2,542.8 crore vs Rs 2,248.1 crore, up 13.1% (Bloomberg estimate: Rs 2,984.30 crore). Ebitda at Rs 1,110.8 crore vs Rs 624.96 crore, up 77.7% (Bloomberg estimate: Rs 1316 crore). Margin at 43.68% vs 27.79% (Bloomberg estimate: 44.10%). Net profit at Rs 232.2 crore vs Rs 186.7 crore, up 24.4% (Bloomberg estimate: Rs 371.2 crore).

Tanla Platforms Q3 FY24 (Consolidated, QoQ) Revenue at Rs 1,002.6 crore vs Rs 1,008.6 crore, down 0.6% (Bloomberg estimate: Rs 1,111.80 crore). Ebitda at Rs 169.5 crore vs Rs 174.2 crore, down 2.7% (Bloomberg estimate: Rs 199.3 crore). Margin at 16.9% vs 17.27%, down 36 bps (Bloomberg estimate: 17.90%). Net profit at Rs 140.1 crore vs Rs 142.5 crore, down 1.7% (Bloomberg estimate: Rs 140.4 cro

L&T Finance Q3 FY24 (Consolidated, YoY) NII at Rs 2,180.53 crore vs Rs 1,931 crore, up 13%. Revenue at Rs 3,533.9 crore vs Rs 3,432.5 crore, up 2.9% (Bloomberg estimate: Rs 2,206 crore). Net profit at Rs 640.2 crore vs Rs 453.6 crore, up 41.1% (Bloomberg estimate: Rs 620.5 crore). Board approves appointment of Sudipta Roy as MD and CEO, effective Jan. 24. Dinanath Dubhashi steps down as MD and

Havells India Q3 FY24 (Consolidated, YoY) Revenue at Rs 4,413.86 crore vs Rs 4,127.6 crore, up 6.9% (Bloomberg estimate: Rs 4,537 crore). Ebitda at Rs 432.7 crore vs Rs 423.6 crore, up 2.1% (Bloomberg estimate: Rs 459.3 crore). Margin at 9.8% vs 10.26% (Bloomberg estimate: 10.10%). Net profit at Rs 287.9 crore vs Rs 283.5 crore, up 1.6% (Bloomberg estimate: Rs 321.8 crore). Board approves di

Rattan India Power Q3 FY24 (Consolidated, YoY) Revenue at Rs 806.4 crore vs Rs 849.7 crore, down 5.1%. Ebitda at Rs 171.7 crore vs Rs 197.85 crore, down 13.2%. Margin at 21.29% vs 23.28%. Net loss at Rs 587 crore vs loss of Rs 479.8 crore.

Indus Tower Q3 FY24 (Consolidated, YoY) Revenue at Rs 7,199 crore vs Rs 6,765 crore, up 6.4% (Bloomberg estimate: Rs 7,162.1 crore). Ebitda at Rs 3,621.6 crore vs Rs 1,185.8 crore (Bloomberg estimate: Rs 3,427.3 crore). Margin at 50.3% vs 17.52% (Bloomberg estimate: 47.9%).

Hitachi Energy India Q3 FY24 (YoY) Revenue at Rs 1,274.2 crore vs Rs 1,033.9 crore, up 23.2%. Ebitda at Rs 68 crore vs Rs 39.5 crore, up 72.4%. Margin at 5.33% vs 3.81%. Net profit at Rs 22.9 crore vs Rs 4.6 crore.

KEI Industries Q3 FY24 (Consolidated, YoY) Revenue at Rs 2,061.7 crore vs Rs 1,784.3 crore, up 15.6% (Bloomberg estimate: Rs 2,092 crore). Ebitda at Rs 216.8 crore vs Rs 182.1 crore, up 19.05% (Bloomberg estimate: Rs 215.5 crore). Margin at 10.51% vs 10.2% (Bloomberg estimate: 10.30%). Net profit at Rs 150.6 crore vs Rs 128.6 crore, up 17.1% (Bloomberg estimate: Rs 149.4 crore).

Stocks to Watch 24 January : https://x.com/pngstockadvisor/status/1749986438182281464?s=20

Rama Steel Tubes board approves bonus issue in the ratio of 2:1

KIRLOSKAR PNEUMATIC CO: Q3 SL NET PROFIT 349M RUPEES VS 329M (YOY)

KIRLOSKAR PNEUMATIC CO: Q3 EBITDA 526M RUPEES VS 500M (YOY) || Q3 EBITDA MARGIN 17.06% VS 16.01% (YOY)

BEAT YOY

VARDHMAN TEXTILES: Q3 EBITDA 2.37B RUPEES VS 1.7B (YOY) || Q3 EBITDA MARGIN 10.37% VS 7.28% (YOY) 👍🏻

PREMIER EXPLOSIVES: Q3 SL NET PROFIT 17M RUPEES VS 5.7M (YOY)

PREMIER EXPLOSIVES: Q3 EBITDA 49M RUPEES VS 47M (YOY)

HDFC Bank Sells CAMS Shares Worth Rs 270 Crore - The shares were offloaded around Rs 2,700. They sold 5.29 lakh shares of CAMS on NSE and disposed of 4.71 lakh shares of the company on the BSE.

Fidelity Invst Trust picked up more than 2.82 lakh equity shares of CAMS on the BSE.

STOCKS IN ACTION 25 January

Coal India, Reliance Industries, Adani Enterprises, BHEL, Gail, IOCL, NLC India: Cabinet approved the scheme for the promotion of coal gasification projects with an outlay of Rs 8,500 crore.
Incentives for coal gasification projects to be implemented under 3 categories.

Zee Entertainment Enterprise: The company has moved the National Company Law Tribunal seeking directions to implement the merger with Sony Group Corp.'s Indian subsidiary.

Tata Motors: The company has sought to deregister all its U.S. listed securities from the country's capital markets regulator after meeting the set criteria for the action.

Mazagon Dock Shipbuilders: The company signed a contract worth of Rs 1,070 crore with the acquisition wing of the Ministry of Defense for the construction and delivery of Fourteen fast patrol vessels for the Indian Coast Guard.

DLF: The board approved the sale of the asset 'DLF Centre' to unit DLF cyber city developers for consideration of Rs 825 crore.

CEAT: The company approved a capex expansion plan of Rs 572 crore at existing Plants. The proposed amount is to be spent over 3 years and is to be funded by debt and internal accruals.

Coal India: The company and Bharat Heavy Electricals will invest up to Rs 11,782 crore in coal-to-ammonium nitrate joint venture project in Odisha. The company and GAIL invest up to Rs 13,053 crore in a coal-to-SNG JV project in West Bengal.

Piramal Enterprise: The company's unit has agreed to buy a 10.39% stake in Annapurna Finance for Rs 300 crore through a mix of equity and debt.

Axis Bank: The private lender approved the investment of Rs 100 crore in a new wholly-owned unit. The new subsidiary will offer business correspondent and technological service providers to the Bank.

Bajaj Auto: Madhur Bajaj resigned from the position of non-executive vice-chairman.
Borosil: The company approved fundraising up to Rs 250 crore via qualified institutional placement.

Tasty Bite Eatables: Milin Bande resigned from the position of chief financial officer of the company.

Balkrishna Industries: The company approved the merger of the unit BKT Tyers with itself.
Cyient DLM: The company appointed Kausal Jadia as chief technology officer.

NHPC: The government will sell up to 50.5 lakh shares via offer for sale to eligible employees at Rs 71 per share which indicates the discount of 11.7% to the current market price.

Sona BLW Precision Forgings: The company signed a definitive agreement with CleanMax for setting up a captive power generating facility in Haryana.

IRM Energy: Commercial operations at the company's LCNG station at Rasipuram, Namakkal district commenced from Jan. 24, 2024.

Bharti Airtel: repays ₹8,300 crore in spectrum dues for 2015 acquisition

Tata Steel: Q3 Results | Steelmaker back in the black with ₹522-crore net profit; revenue dips 3%

🇮🇳 Happy republic day everyone 🇮🇳

This republic day may give you the strength to become financially independent and successful.

I hope today is one of the best day 😊

I was less active in last three days because of some personal reasons which I updated in YouTube.

Hopefully from tomorrow onwards we will resume.

Thank you