ECONOMY

Stocks To Watch Today: Adani Ports, Delhivery, Metropolis, New India Assurance, Zomato

Asian stocks fluctuated while U.S futures fell as traders weighed potential slowdown in the global economy and China’s measures to boost growth.

Equities were volatile in Japan, Australia and South Korea. Nasdaq futures tumble after Snap Inc. said it would not meet revenue and profit forecasts for the second quarter. Futures of Meta Platforms Inc. and Alphabet Inc. tumbled following Snap’s statement. The Singapore-traded SGX Nifty, an early barometer of India’s benchmark Nifty 50, rose nearly 0.5% to 16,253 points as of 6:30 am.

In focus today are U.S. President Joe Biden’s comments that China tariffs imposed by the Trump administration are being reviewed. Elsewhere, West Texas Intermediate crude fell 0.5% to $109.74 a barrel. Bitcoin fell nearly 4% to $29,000.

Earnings Post Market Hours

Steel Authority of India Q4 FY22 (Consolidated, YoY)

  • Revenue up 32.1% at Rs 30,758.82 crore

  • EBITDA down 29.52% at Rs 4,337.56 crore

  • EBITDA margin at 14.1% vs 26.43%

  • Net profit down 28.56% at Rs 2,478.82 crore

  • Recommended final dividend of Rs 2.25 per share

Zomato Q4 FY22 (YoY)

  • Revenue up 75% at Rs 1,211 crore

  • EBITDA loss at Rs 449 crore vs EBITDA loss of Rs 154 crore

  • Net loss at Rs 360 crore vs net losss at Rs 134 crore

  • Gross Order Value at Rs 585 crore vs Rs 331 crore

  • Average monthly transacting customers: 1.57 crore vs 0.98 crore

Also Read: Zomato’s Q4 Loss Widens Even As Revenue Jumps 75%

Bharat Electronics Q4 FY22 (Consolidated, YoY)

  • Revenue down 8.35% at Rs 6,339.81 crore

  • EBITDA down 20.36% at Rs 1,577.53 crore

  • EBITDA margin at 24.88% vs 28.64%

  • Net profit at 15.63% at Rs 1,154.2 crore

  • Recommended final dividend of Rs 1.5 per share

Ramco Cements Q4 FY22 (Consolidated, YoY)

  • Revenue up 4.88% at Rs 1713.4 crore

  • EBITDA down 34.32% at Rs 294.90 crore

  • EBITDA margin at 17.21% vs 27.48%

  • Net profit down 45.15% at Rs 118.57 crore

  • Recommended dividend of Rs 3 per share

The New India Assurance Company Q4 FY22 (Consolidated, QoQ)

  • Revenue down 8.2% at Rs 8,132.61 crore

  • EBITDA loss at Rs 945.52 crore vs EBITDA profit at Rs 93.41 crore

  • EBITDA margin at -11.63% vs 1.05%

  • Net loss at Rs 549.8 crore vs net profit at Rs 493.91 crore

  • Recommended final dividend of Rs 0.3 per share

Graphite India Q4 FY22 (Consolidated, YoY)

  • Revenue up 49.38% at Rs 844 crore

  • EBITDA up 12.82% at Rs 88 crore

  • EBITDA margin at 10.43% vs 13.81%

  • Net profit up 48.44% at Rs 95 crore

  • Recommended dividend of Rs 10 per share

  • Appointed MK Chhajer as chief financial officer

BirlaSoft Q4 FY22 (Consolidated, QoQ)

  • Revenue up 2.76% at Rs 1101.44 crore

  • EBIT up 7.35% at Rs 154.58 crore

  • EBIT margin at 14.03% Vs 13.43%

  • Net profit up 16.61% at Rs 132.89 crore

  • Recommended final dividend of Rs 3 per share

  • Approved buyback of up 78 lakh shares at Rs 500 apiece

Vaibhav Global Q4 FY22 (Consolidated, YoY)

  • Revenue down 8.7% at Rs 685.18 crore

  • EBITDA down 54.83% at Rs 38.36 crore

  • EBITDA margin at 5.6% vs 11.32%

  • Net profit down 60.9% at Rs 27.2 crore

Earnings Today: Adani Ports, Grasim Industries, Zee Media Corporation, Balrampur Chini, Dalmia Bharat Sugar and Industries, Ipca Laboratories, Jyothy Labs, RITES, Strides Pharma Science, Gujarat Alkalies and Chemicals, Asian Granito, e-Clerx Services, Bank of India, Aster DM Healthcare, Minda Industries, Metropolis Healthcare



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