Stocks to Watch: Maruti Suzuki, ICICI Bank, HCLTech, Apollo Hospitals, IDFC First Bank, SBI Cards

ICICI Bank: The backstage assemblage slope reported a standalone nett net of ₹10,707.5 crore for the 4th ending March FY24, representing a 17.4% summation from the aforesaid play past year, chiefly owed to reduced provisions for atrocious loans. The bank's net exceeded marketplace expectations. The nett involvement income for the 4th roseate by 8.07% YoY to ₹19,093 crore. The slope besides saw an betterment successful plus quality, with the gross NPA dropping 14 bps sequentially to 2.16 percent and the nett NPA decreasing 2 bps to 0.42 percent successful Q4 FY24.

HCL Technologies: The IT services steadfast announced a nett net of ₹3,986 crore for the 4th ending March FY24. This represents an 8.4 percent alteration from the erstwhile quarter, chiefly owed to underwhelming operational figures, and the wide results were beneath marketplace forecasts. The company's operational gross saw a marginal sequential maturation of 0.2%, reaching ₹28,499 crore for the quarter. Dollar gross maturation was astatine 0.4%, and gross successful changeless currency presumption accrued by 0.3% QoQ. The committee has projected an interim dividend of ₹18 per stock for FY24. For FY25, HCL Tech anticipates gross maturation successful changeless currency presumption successful the scope of 3-5 percent and an EBIT borderline of 18–19 percent.

Apollo Hospitals Enterprise: Apollo HealthCo, besides known arsenic Apollo 24/7 oregon AHL, a subsidiary of Apollo Hospitals Enterprise, has signed a binding statement to unafraid an equity superior of ₹2,475 crore from Advent International, a planetary backstage equity investor. Further, Apollo 24/7 plans to integrate Keimed, a wholesale pharmaceutical distributor, into its operations successful a gradual process implicit the adjacent 24 to 30 months. Advent volition marque investments successful 2 stages done compulsory convertible instruments, acquiring a 12.1% involvement successful the combined entity. The merged entity is valued astatine an endeavor worth of ₹22,481 crore.

Vodafone Idea: ATC Telecom Infrastructure has divested its full involvement successful Vodafone Idea, selling each of its 144 crore equity shares, which represents 2.87% of the paid-up equity, astatine an mean terms of ₹12.78 per stock done unfastened marketplace transactions. This merchantability is valued astatine ₹1,840.3 crore. On the different hand, Citigroup Global Markets Mauritius has acquired a nett full of 48,13,75,145 equity shares successful Vodafone astatine an mean terms of ₹12.7 per share.

SBI Cards: The institution reported a nett net of ₹662 crore successful the 4th ending March 31, representing an 11% maturation compared to the aforesaid play successful the erstwhile fiscal year, acknowledgment to robust operational performance. The company's operational gross for the 4th besides saw a rise, reaching ₹4,348 crore, marking a 15.6% year-over-year increase.

RBL Bank: The slope reported robust maturation of 49% YoY successful its operating profit, portion its nett net and deposits accrued by 30% and 22%, respectively. A dividend of ₹1.50 per stock was declared for eligible shareholders during the Q4 results announcement. The slope posted a nett net of ₹353 crore successful Q4FY24, marking a 51% QoQ maturation and a 30% YoY increase. It besides reported an operating nett of ₹8,887 crore, reflecting a 49% YoY emergence and a 16% QoQ growth.

IDFC First Bank: The slope reported a nett net of ₹724 crore for the 4th ending March FY24, marking a 9.8% alteration from the aforesaid play successful the erstwhile fiscal twelvemonth owed to accrued provisions. The bank's nett involvement income saw a YoY summation of 24%, reaching ₹4,469 crore for the quarter. The bank's plus prime improved significantly, with the gross NPA decreasing by 16 ground points QoQ to 1.88%, and the nett NPA dropping by 8 ground points sequentially to 0.60% for the quarter.

Yes Bank: The institution announced a important 123% YoY summation successful nett profit, amounting to ₹452 crore for the 4th ending March 31. This maturation was partially driven by an summation successful different income and a simplification successful provisions. During the aforesaid period, the bank's nett involvement income saw a 2.3% rise, reaching ₹2,153 crore. The bank's plus prime improved importantly implicit the quarter, with the gross NPA dropping 30 ground points QoQ to 1.7 %, and the nett NPA decreasing 30 ground points sequentially to 0.60%.

SBI Life Insurance Company: The institution reported a nett net of ₹810.8 crore for Q4FY24, marking a 4.4% summation compared to the aforesaid play past year. The company's nett premium income for the 4th saw a important rise, increasing by 26.2% YoY to scope ₹25,116.5 crore. However, the nett committee experienced a flimsy diminution of 2.3%, amounting to ₹851.4 crore during the aforesaid period.

Ircon International: The company, successful collaboration with Dineshchandra R. Agrawal Infracon (DRA), has been awarded the declaration for the Kottavalasa-Koraput doubling task of the Waltair division, East Coast Railway. The project, to beryllium executed connected an EPC basis, is valued astatine ₹1,198.09 crore.

Shakti Pumps: The institution has reported a important 41-fold year-on-year surge successful nett profit, reaching ₹89.7 crore for the 4th ending March FY24, driven by robust operational performance. The company's operational gross saw much than a threefold summation to ₹609.3 crore, up from ₹182.7 crore successful the aforesaid period. EBITDA besides saw a astir twelvefold emergence to ₹130.7 crore from ₹11 crore, with a borderline enlargement of 1,550 ground points, lasting astatine 21.5%. The institution has projected a last dividend of Rs. 4 per share.

Indiabulls Real Estate: The institution reported a nett nonaccomplishment of ₹302 crore for the 4th ending March FY24, an betterment from a nonaccomplishment of ₹376 crore successful the aforesaid play past fiscal year. However, the company's operational gross saw a important decrease, falling by 80.6% twelvemonth implicit twelvemonth to ₹21 crore for the quarter.

Patanjali Foods: The FMCG institution announced that its committee has deliberated connected a preliminary connection from Patanjali Ayurved (PAL) regarding the merchantability of PAL's non-food concern to the company. The committee has fixed a provisional motion to measure the astir effectual method to boost synergies with PAL's non-food portfolio, ensuring each transactions are conducted astatine arm's length.

State Bank of India: On April 26, the State Bank of India announced a concern with HCLSoftware, a subsidiary of HCLTech, to facilitate the bank's integer transformation. As portion of a five-year agreement, HCLSoftware volition instrumentality the HCL Unica platform. This volition let SBI to revolutionize its lawsuit enactment model and present highly personalized connection crossed assorted integer selling channels, each portion complying with the Digital Personal Data Protection Act (DPDPA) and different rigorous information standards.

Eveready Industries: The institution reported a nett of ₹8 crore for the 4th fourth ending March 31, a important turnaround from a nonaccomplishment of ₹14.39 crore successful the aforesaid 4th of FY23, contempt a flimsy alteration successful operational gross to ₹281 crore. However, this nett represents a tiny alteration compared to the December 2023 quarter. The company's revenues for the afloat FY24 were ₹1,314.2 crore, a insignificant 1 percent driblet from ₹1,327.7 crore successful FY23. The Profit After Tax (PAT) for the twelvemonth witnessed a singular 231% maturation to ₹66.7 crore successful FY24, up from ₹20.1 crore successful FY23.

Mastek: Despite a anemic operating margin, the institution reported a nett net of ₹94.4 crore for the 4th ending March FY24, marking a 30.1% maturation from the aforesaid play successful the erstwhile fiscal year, aided by a taxation write-back. Revenue from operations accrued by 9.9% YoY to ₹780 crore during the quarter, but EBITDA fell 0.3% YoY to ₹125.1 crore, and the borderline dropped 165 ground points to 16% for the quarter.

Force Motors: The institution reported a 4.3% YoY alteration successful consolidated nett profit, amounting to ₹140.3 crore for the 4th ending March 31, attributed to a precocious base. The nett for Q4FY23 included an exceptional summation of ₹208.32 crore. The quarter’s gross from operations roseate by 35% compared to the aforesaid play past year, reaching ₹2,011.2 crore. The committee projected a dividend of ₹20 per stock for FY24.

Aditya Birla Sun Life AMC: The institution reported a consolidated nett net of ₹208.4 crore for the January-March 4th of FY24, marking a 53.7% maturation from the aforesaid play successful the erstwhile fiscal year. This maturation was backed by some gross and operating numbers. The company's gross from operations successful Q4FY24 was ₹365.6 crore, a 23% summation from the corresponding 4th successful the erstwhile year.

Sanghi Industries: The cement institution reported a nett nonaccomplishment of ₹19 crore for the 4th ending March FY24, a important simplification from a nonaccomplishment of astir ₹105 crore successful the aforesaid play past fiscal year. This betterment was partially owed to steadfast operating numbers, little concern costs, and an summation successful topline. The company's gross from operations for the 4th grew by 26.2% YoY, reaching ₹285 crore.

Mahindra Holidays and Resorts India: The institution reported a consolidated nett net of ₹83.2 crore for the 4th ending March 31, a 47.8% summation from the aforesaid play past year. The company's gross from operations for the aforesaid play roseate by 12.4% to ₹800.2 crore.

Utkarsh Small Finance Bank: The slope saw a 19.3% YoY summation successful nett profit, reaching ₹159.7 crore for the January-March FY24 quarter. The nett involvement income for the 4th roseate by 31.8% YoY to ₹540 crore. The bank’s plus prime improved significantly, with the gross NPA dropping 53 bps sequentially to 2.51% and the nett NPA decreasing 16 bps QoQ to 0.03 percent.

SBFC Finance: This fiscal services instauration recorded a nett net of ₹73.4 crore for the March FY24 quarter, a 71.7 percent summation from the aforesaid play successful the erstwhile fiscal year. The company's gross from operations for the 4th grew by 34.3 percent twelvemonth implicit year, amounting to ₹278.8 crore.

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Published: 29 Apr 2024, 07:59 AM IST