IGL (Q3, YoY)

• Stock swung between gains and losses to trade 1.3 percent lower at Rs 303.60.
• Revenue up 27.4 percent at Rs 1,508 crore.
• Net profit up 19.3 percent at Rs 198 crore.
• Ebitda up 20.8 percent at Rs 318 crore.
• Margin at 21.1 percent versus 22.2 percent.
• EBIDTA/scm up 7.7 percent at Rs 5.85.

Entertainment Network (Q3, YoY)

• Stock rose as much as 5.7 percent to Rs 570.
• Revenue up 35.8 percent at Rs 200.9 crore.
• Net profit up 22 percent at Rs 16.1 crore.
• Ebitda up 13.5 percent at Rs 40.4 crore.
• Margins at 20.1 percent versus 24.1 percent.
• Production expenses up 75 percent at Rs 80.7 crore.
• Other income of Rs 4.4 crore.

Cummins India (Q3, YoY)

• Stock fell as much as 3.6 percent to Rs 772.45.
• Revenue up 11 percent at Rs 1,503.8 crore.
• Net profit up 8.7 percent at Rs 187.1 crore.
• Ebitda up 15.3 percent at Rs 226.7 crore.
• Margins at 15.1 percent versus 14.5 percent.
• Declares dividend of Rs 7 per share.

Chalet Hotels Ltd. listed at a premium of 5 percent to Rs 294 apiece on National Stock Exchange, compared with its issue price of Rs 280. The hotel chain operator, however fell as much as 6.8 percent further.

Shares of the pharmaceutical company extended gains for the second day and rose as much as 15 percent, the most since July 11, 2018, to Rs 1,849, after the company swung to profit in December quarter.

Here are the key earnings highlights (YoY):

• Revenue up 67.5 percent at Rs 215.2 crore.
• Net profit at Rs 29.9 crore versus net loss of Rs 10.34 crore.
• Ebitda at Rs 41.8 crore versus Ebitda loss of Rs 10.4 crore.
• Inventory write off was Rs 42.6 crore in base quarter.

Shares of Vodafone Idea Ltd. fluctuated between gains and losses to trade at little changed at Rs 29.85 after it continued to post loss for the second straight quarter. (More details here)

Key earnings highlights (Q3, QoQ)

• Revenue down 2.2 percent at Rs 11,765 crore.
• Net loss at Rs 5,005 crore versus net loss at Rs 4,974 crore.
• Ebitda up 16.3 percent at Rs 1,137 crore.
• Margins at 9.66 percent versus 8.13 percent.
• ARPU down 1.14 percent at Rs 89

Q3 is the first full quarter of Vodafone Idea, post-merger completion. Q2 numbers are restated for comparison purpose.

Here’s what UBS had to say after the December quarter results announcement:

• Maintained ‘Neutral’ with a price target of Rs 38.
• Better than expected December quarter.
• Saw improvement in 4G subs, but lower compared to Bharti.
• EBITDA beat driven by lower than expected opex.

Shares of the Bengaluru-based software developer extended gains for the second day and rose as much as 0.8 percent to hit a fresh high at 769.15.

The stock traded at 21 times its estimated earnings per share for the coming year, Bloomberg data showed. The scrip advanced 38 percent in the past 12 months compared to 8.1 percent advance in the Sensex.