BPCL (Q3, YoY)

• Stock fell as much as 2.8 percent to Rs 328.
• Revenue up 9.5 percent to Rs 79,168.9 crore.
• Net profit down 59.4 percent to Rs 495.1 crore.
• Ebitda down 69.5 percent to Rs 737.3 crore.
• Margin to 0.9 percent versus 3.3 percent.
• Other income up 80 percent to Rs 967.2 crore.
• GRM at $2.78/bbl versus $5.57/bbl.
• Declares interim dividend of Rs 11 per share.

NALCO (Q3, YoY)

• Stock fell as much as 9.1 percent to Rs 53.85.
• Revenue up 13.81 percent to Rs 2,719 crore.
• Net profit down 58.2 percent to Rs 301.8 crore.
• Ebitda up 49.2 percent to Rs 513.1 crore.
• Margin at 18.9 percent versus 14.4 percent.
• Exceptional gain of Rs 801.5 crore in base quarter.
• Employee benefit expenses down 34 percent to Rs 486.7 crore.

Thermax (Q3, YoY)

• Stock rose as much as 10.3 percent.
• Revenue up 28.6 percent to Rs 1,436.6 crore.
• Net profit up 28 percent to Rs 75 crore.
• Ebitda up 12.2 percent to Rs 107.3 crore.
• Margin at 7.5 percent versus 8.6 percent.
• Raw material costs up 41 percent to Rs 748.1 crore.
• Deferred tax reversal of Rs 97.4 crore in current quarter.

JK Lakshmi Cement (Q3, YoY)

• Stock rose as much as 2.1 percent to Rs 307.60.
• Revenue up 11.7 percent to Rs 935 crore.
• Net profit up 72.1 percent to Rs 14.8 crore.
• Ebitda up 4.2 percent to Rs 98.3 crore.
• Margin at 10.5 percent versus 11.3 percent.

NHPC (Q3, YoY)

• Stock fell as much as 4.5 percent.
• Revenue up 4.9 percent to Rs 1,571.4 crore.
• Net profit down 73.5 percent to Rs 182.2 crore.
• Ebitda down 24.1 percent to Rs 595.9 crore.
• Margin at 37.9 percent versus 52.4 percent.
• Deferred tax of Rs 113.3 crore in base quarter.
• Employee benefit expenses up 47 percent to Rs 551.3 crore.

Avanti Feeds (Q3, YoY)

• Stock rose as much as 3.9 percent to Rs 343.70.
• Revenue up 18.2 percent to Rs 835.3 crore.
• Net profit down 26.7 percent to Rs 73.6 crore.
• Ebitda down 28.6 percent to Rs 109.6 crore.
• Margin at 13.1 percent versus 21.7 percent.
• Raw material costs up 29 percent to Rs 633.5 crore.

SKF India (Q3, YoY)

• Stock fell as much as 1.4 percent to Rs 1,900.05.
• Revenue up 9.6 percent to Rs 767.7 crore.
• Net profit up 2.7 percent to Rs 88.5 crore.
• Ebitda down 1.1 percent to Rs 121.7 crore.
• Margin at 15.9 percent versus 17.6 percent.
• Other Income up 69 percent to Rs 33.8 crore.

Amber Enterprises (Q3, YoY)

• Stock rose as much as 1.3 percent to Rs 705.
• Revenue up 14.9 percent to Rs 388.8 crore.
• Net profit to Rs 3.8 crore versus Rs 0.1 crore.
• Ebitda down 8.3 percent to Rs 22.1 crore.
• Margin at 5.7 percent versus 7.1 percent.
• Finance cost of Rs 16.6 crore in base quarter.
• Inventory loss of Rs 36.4 crore in the current quarter.

Visaka Industries (Q3, YoY)

• Stock fell as much as 9.1 percent to Rs 330.
• Revenue down 0.8 percent to Rs 239.9 crore.
• Net profit down 36.4 percent to Rs 9.1 crore.
• Ebitda down 29.4 percent to Rs 24.3 crore.
• Margin at 10.1 percent versus 14.2 percent.

Balkrishna Industries (Q3, YoY)

• Stock rose as much as 5.4 percent to Rs 801.90.
• Revenue up 9 percent to Rs 1,205.6 crore.
• Net profit down 23.6 percent to Rs 144.7 crore.
• Ebitda up 3.8 percent to Rs 300.9 crore.
• Margin at 25 percent versus 26.2 percent.
• Other Income of Rs 77.7 crore in base quarter.

VA Tech Wabag (Q3, YoY)

• Stock fell as much as 10.2 percent to Rs 260.60.
• Revenue down 23.5 percent to Rs 661.9 crore.
• Net profit down 48.8 percent to Rs 15.4 crore.
• Ebitda down 36.5 percent to Rs 49.3 crore.
• Margin at 7.4 percent versus 9 percent.

Allcargo Logistics (Q3, YoY)

• Stock rose as much as 3.8 percent to Rs 105.
• Revenue up 22 percent to Rs 1,803 crore.
• Net profit up 37 percent to Rs 48 crore.
• Ebitda up 20 percent to Rs 112.5 crore.
• Margin at 6.2 percent versus 6.4 percent.

PSP Projects (Q3, YoY)

• Stock rose as much as 4.9 percent to Rs 407.20.
• Revenue up 53 percent to Rs 261 crore.
• Net profit up 43 percent to Rs 21.5 crore.
• Ebitda up 33 percent to Rs 36 crore.
• Margin at 13.8 percent versus 15.8 percent.

Mirza International (Q3, YoY)

• Stock fell as much as 17.1 percent to Rs 56.95.
• Revenue up 21 percent to Rs 307 crore.
• Net profit down 64 percent to Rs 7.5 crore.
• Ebitda down 36 percent to Rs 29.5 crore.
• Margin at 9.6 percent versus 18.1 percent.

TVS Srichakra (Q3, YoY)

• Stock fell as much as 5.3 percent to Rs 2,201.
• Revenue up 18 percent to Rs 582 crore.
• Net profit down 23 percent to Rs 24 crore.
• EBITDA down 4.5 percent to Rs 63 crore.
• Margin at 10.8 percent versus 13.4 percent.

IDFC (Q3, YoY)

• Stock rose as much as 2.3 percent to Rs 38.50.
• Net interest income down 33 percent to Rs 8 crore.
• Net profit to Rs 26 crore versus Rs 2 crore.
• Tax credit of Rs 31 crore in current quarter.

Seshasayee Paper (Q3, YoY)

• Stock rose as much as 4.6 percent to Rs 1,020.
• Revenue up 20 percent to Rs 354.5 crore.
• Net profit up 63 percent to Rs 50.5 crore.
• Ebitda up 75.5 percent to Rs 82.5 crore.
• Margin at 23.3 percent versus 15.9 percent.

Finolex Industries (Q3, YoY)

• Stock swung between gains and losses to trade 0.1 percent higher at Rs 501.70.
• Revenue up 5 percent to Rs 757 crore.
• Net profit up 14 percent to Rs 79 crore.
• Ebitda up 10.5 percent to Rs 126 crore.
• Margin at 16.6 percent versus 15.8 percent.

Atul Auto (Q3, YoY)

• Stock rose as much as 3.3 percent to Rs 306.75.
• Revenue up 44 percent to Rs 186 crore.
• Net profit up 60 percent to Rs 16 crore.
• Ebitda up 60 percent to Rs 24 crore.
• Margin at 12.9 percent versus 11.6 percent.

Lumax Auto (Q3, YoY)

• Stock fell as much as 6.4 percent to Rs 132.65.
• Revenue up 15.5 percent to Rs 320 crore.
• Net profit up 31 percent to Rs 17 crore.
• Ebitda flat to Rs 28.5 crore.
• Margin at 8.9 percent versus 10.1 percent.

VRL Logistics (Q3, YoY)

• Stock fell as much as 1.5 percent to Rs 249.
• Revenue up 13 percent to Rs 551 crore.
• Net profit up 8 percent to Rs 27 crore.
• Ebitda up 14 percent to Rs 70 crore.
• Margin at 12.7 percent versus 12.6 percent.

Thyrocare Technologies (Q3, YoY)

• Stock fell as much as 8.4 percent to Rs 502.05.
• Revenue up 15 percent at Rs 96.3 crore.
• Net profit down 6 percent to Rs 20.2 crore.
• Ebitda up 0.4 percent to Rs 35.5 crore.
• Margin at 36.9 percent versus 42.2 percent

Som Distilleries (Q3, YoY)

• Stock fell as much as 7.2 percent to Rs 128.15.
• Revenue up 58 percent to Rs 130 crore.
• Net profit up 14 percent to Rs 4.4 crore.
• Ebitda up 3.3 percent to Rs 11.7 crore.
• Margin at 13.8 percent versus 17.4 percent.

Apollo Hospitals (Q3, YoY)

• Stock fell as much as 6 percent to Rs 1,182.40.
• Revenue up 17 percent to Rs 2,169 crore.
• Net profit up 29 percent to Rs 86.9 crore.
• Ebitda up 21 percent to Rs 267.9 crore.
• Margin at 12.3 percent versus 11.9 percent.

Balkrishna Industries (Q3, YoY)

• Stock rose as much as 5.4 percent to Rs 801.90.
• Revenue up 9 percent to Rs 1205.6 crore.
• Net profit down 23.6 percent to Rs 144.7 crore.
• Ebitda up 3.8 percent to Rs 300.9 crore.
• Margin to 25 percent versus 26.2 percent.
• Foreign exchange loss of Rs 32.4 crore versus Foreign exchange gain of Rs 73 crore.

Shares of Sun TV Network halted a two-day decline and rose as much as 9.7 percent, the most since May 22, 2018, to Rs 571.60.

The company’s net profit rose 31.6 percent year-on-year to Rs 351.3 crore in the three months ended December, according to its stock exchange filing.

Key earnings highlights (Q3, YoY)

• Revenue up 32.4 percent to Rs 904.5 crore.
• Ebitda up 35.6 percent to Rs 667.3 crore.
• Margin at 73.8 percent versus 72 percent.

Here’s what CLSA had to say after the quarterly results announcement:

• Maintained ‘Buy’ with a price target of Rs 770.
• Big beat on subscriptions, advertisement revenues and movies.
• Growing focus on SunNxt. Management confident of breaking even in two years.
• Stock inexpensive at a 30 percent discount to five-year average.

• Hathway Cable: About 14 lakh shares changed hands in a block deal.
• LIC Housing Finance: Abut 16.8 lakh shares changed hands in a block deal.

Buyers and sellers were not known immediately

Source: Bloomberg

Shares of the telecom operator swung between gains and losses to trade 0.35 percent lower at Rs 313.20.

The company’s Kenya arm signed an agreement with Telkom Kenya to combine operations and will be called ‘Airtel-Telkom’, according to its statement on the exchanges. Both companies will merge their mobile, enterprise and carrier services, the statement said, adding that the finalisation and closure of the transaction is subject to approval by the relevant authorities.

The stock traded 22 below the Bloomberg consensus one-year target price.

Shares of the steelmaker rose as much as 2.6 percent to Rs 480.80.

The company’s net profit rose 76.5 percent over last year to Rs 2,284.1 crore during October-December period, according to its stock exchange filing. The analysts traked by Bloomberg had pegged the bottomline at Rs 2,231.3 crore.

Other Key Highlights (YoY)

• Revenue rose 23.2 percent to Rs 41,220 crore.
• Operating profit increased 18 percent to Rs 6,723.4 crore.
• Margin narrowed 70 basis points to 16.3 percent.
• Here’s what brokerages had to say after the Q3 results announcement:

Investec

• Maintained ‘Buy’; cut price target to Rs 739 from Rs 787.
• Operationally in-line; Thyssen JV – on track.
• Cut estimates to reflect cost inflation and remove SEA operations.
• Reiterate Tata Steel as preferred ferrous proxy.

JPMorgan

• Maintained ‘Overweight’; cut price target to Rs 880 from Rs 980.
• December quarter was in-line but should improve further.
• Higher iron ore and European JV not priced in.
• Rising iron ore prices bodes well for Tata Steel.