Friday, 2 June 2023

Prestige Estate Projects

Revenue 9.64% at Rs 2,631.8 crore (Bloomberg estimate: Rs 1,923.5 crore) Ebitda up 36.5% at Rs 681.8 crore (Bloomberg estimate: Rs 431.4 crore) Ebitda margin at 25.9% vs 20.8% (Bloomberg estimate: 22.4%) Net profit down 46.5% at Rs 505.4 crore (Bloomberg estimate: Rs 132.32 crore) The group recorded one-time gains of Rs 11.9 crore during the quarter under review, against Rs 807.9 crore exceptional gain in the year-ago period. The board approved a final dividend of Rs 1.50 per share for the fiscal 2023. It also approved raising Rs 2,000 crore via non-convertible debentures.

Torrent Pharmaceuticals

Revenue up 16.9% at Rs 2,491 crore (Bloomberg estimate: Rs 2,474.3 crore) Ebitda up 29.6% at Rs 727 crore (Bloomberg estimate: Rs 728.6 crore) Ebitda margin at 29.2% vs 26.3% (Bloomberg estimate: 29.4%) Net profit of Rs 287 crore vs net loss of Rs 118 crore (Bloomberg estimate: Rs 322.2 crore profit) The board approved raising Rs 5,000 crore via crore via debt. The company will pay a final dividend of Rs 8 per share for the fiscal 2023.

Graphite India

Revenue down 3.43% at Rs 815 crore (Bloomberg estimate: Rs 722.3 crore) Ebitda down 29.5% at Rs 62 crore (Bloomberg estimate: Rs 82 crore) Ebitda margin at 7.61% vs 10.4% (Bloomberg estimate: 11.4% Net profit down 69.5% at Rs 29 crore (Bloomberg estimate: Rs 71.7 crore) The board recommended a dividend of Rs 8.50 per share for the fiscal 2023.

May Auto Sales Estimates YoY

Ashok Leyland:* 14110 units versus 13273 units ( *Up 6.0%* ) Tata Motors:* 72600 units versus 76210 units ( *Down 4.7%* ) M&M Total:* 66500 units versus 53726 units ( *Up 21.0%* ) M&M Tractor:* 32600 units versus 34722 units ( *Down 6.0%* ) Maruti:* 1.65 lakh units versus 1.61 lakh units ( *Up 2.5%* ) Hero Motocorp:* 5.20 lakh units versus 4.90 lakh units ( *Up 7.0%* ) TVS Motors:* 3.2 lakh units versus 3.0 lakh units ( *Up 7.0%* ) Bajaj Auto:* 3.5 lakh units versus 2.75 lakh units ( *Up 27.0%* ) Eicher Motors RE:* 75900 units versus 63643 units ( *Up 19.0%* )

MOIL

The miniratna state-owned manganese ore mining company has increased prices for some of manganese ore grades

Lemon Tree Hotels

Lemon Tree Hotels Revenue up 111.4% at Rs 252.7 crore (Bloomberg estimate: Rs 250.3 crore) Ebitda up 385.9% at Rs 141.9 crore (Bloomberg estimate: Rs 136.5 crore) Ebitda margin at 56.2% vs 24.4% (Bloomberg estimate: 54.5%) Net profit of Rs 59 crore vs net loss of Rs 39.16 crore (Bloomberg estimate: Rs 47.6 crore)

WIPRO Buyback

Record Date for Eligibility : Friday, JUNE 16 Buyback Price : 445 ₹ Today's Closing Price : 405 ₹ Buyback Size ₹ : 12,000 Crore Buyback Size in Share : 26,96,62,921 Shares Retail Reservation : 4,04,49,439 Shares

India Daybook – Stocks in News

*P&G:* Net profit up 36.5% Rs 210.7 cr, Revenue up 8.9% at Rs 1,138.4 cr YoY  *TVS Motors:* Net profit at Rs 536.6 cr vs poll Rs 520.0 c...