Stock Market

Stocks to watch: Axis, InterGlobe, YES Bank, GMR, HDFC, Linde

Here are stocks that will be in news on May 2:


Results on May 2: HDFC , L&T Finance Holdings , Alicon Castalloy, Alkali Metals, Amarnath Securities, ARSS Infrastructure Projects, CCL Products (India), Compuage Infocom, Fervent Synergies, IOL Chemicals and Pharmaceuticals, LKP Finance, Mafatlal Industries, Margo Finance, Parrys Sugar Industries, Pranavaditya Spinning Mills, Tribhovandas Bhimji Zaveri, Vikram Thermo, Vishnu Chemicals

InterGlobe Aviation Q4
-Net profit at Rs 579 crore versus Rs 577 crore (YoY)
-Total income at Rs 4,090.6 crore versus Rs 3,823.2 crore (YoY)
-EBITDA at Rs 805 crore versus Rs 855.4 crore (YoY)
-EBITDA margin at 19.7 percent versus 22.4 percent (YoY)
-Other income at Rs 156.9 crore versus Rs 127.8 crore (YoY)
-Fuel expenses at Rs 1,023.6 crore versus Rs 1,200 crore (YoY)
-Aircroreaft & engine rentals at Rs 699.9 crore versus Rs 547.6 crore (YoY)
-Employee benefit expense at Rs 493.2 crore versus Rs 341.9 crore (YoY)
-Domestic revenue at Rs 3,751.5 crore versus Rs 3,497.9 crore (YoY)
-International revenue at Rs 358.3 crore versus Rs 324.9 crore (YoY)
-Average fare down 15.2 percent at Rs 3,958 versus Rs 4,667 (YoY)
-Revenue per available seat-km down 9.5 percent at Rs 3.64 versus Rs 4.02 (YoY)


InterGlobe Aviation says
-Expect to end FY17 with a fleet of 136 aircraft
-Expect revenue per available seat-km to increase by 34 percent in FY17
-In Q1FY17, expect 23 percent capacity increase in available seat-km (YoY)


InterGlobe Aviation  concall
-Continue to use low cost fuel opportunity to lower fares
-Have taken delivery of one A320 Neo aircraft today
-Will take delivery of 20 A320 Neo aircraft during FY17
-Delay in delivery of A320 Neo aircraft is due to issue with engine
-Added 7 aircraft in Q4, including 3 A320 Neo
-Ended quarter with total debt of Rs 3,200 crore towards aircraft
-Do not have any working capital debt
-Q1 FY17 earnings will be as per Indian accounting standards
-Have not passed on the entire benefit of lower fuel costs to customers
-Not driving down fares, but there is competitive pressure
-Already financed 35 of the A320 Neo order


Oberoi Realty Q4
-Net profit at Rs 64.5 crore versus Rs 103 crore (YoY)
-Total income at Rs 226.7 crore versus Rs 344.7 crore (YoY)
-Approves raising up to Rs 750 crore equity via public offer or private placement
-Approves raising NCDs of up to Rs 1,500 crore


IDFC Q4
-Consolidatedol net profit at Rs 130.5 crore versus Rs 382.2 crore (YoY)
-Consolidated total income at Rs 2136 crore versus Rs 2571.2 crore (YoY)
-Consolidated NII at Rs 686.4 crore versus Rs 1,084 crore (YoY)
IDFC FY16
-Consolidated net loss at Rs 935 crore
-Operating income at Rs 3,325 crore
-Non-interest income at Rs 1,094 crore
IDFC says
-Provision of Rs 2,639 crore made to ensure IDFC Bank would not face future hurdle
-Capital adequacy ratio at 22.04 percent, Tier-I at 21.50 percent
-Infra debt fund portfolio at Rs 1,202 crore, borrowings at Rs 808 crore
-AMC’s average assets under management at Rs 54,487 crore


Cholamandalam Investment Q4
-Net profit at Rs 193.8 crore versus Rs 136.6 crore (YoY)
-Total income at Rs 1,141.2 crore versus Rs 943.7 crore (YoY)
-NII at Rs 605.7 crore versus Rs 456.3 crore (YoY)


Astra Microwave Q4
-Net profit at Rs 19.1 crore versus Rs 5.5 crore (YoY)
-Total income up 14.9 percent at Rs 124.4 crore versus Rs 108.3 crore (YoY)
-EBITDA at Rs 28.7 crore versus Rs 13.1 crore (YoY)
-EBITDA margin at 23.1 percent versus 12.1 percent (YoY)


Linde India Q4
-Net profit down 43 percent at Rs 8.2 crore versus Rs 14.4 crore (YoY)
-Total income up 11.9 percent at Rs 416.5 crore versus Rs 372.1 crore (YoY)
-EBITDA up 34.7 percent at Rs 73.4 crore versus Rs 54.5 crore (YoY)
-EBITDA margin at 17.6 percent versus 14.6 percent (YoY)


Everest Industries Q4
-Net profit at Rs 11.9 crore versus Rs 10.1 crore (YoY)
-Total income at Rs 337.3 crore versus Rs 318.5 crore (YoY)


RPG Life Q4
-Net profit at Rs 2.2 crore versus Rs 4.7 crore (YoY)
-Total income at Rs 70.3 crore versus Rs 66.8 crore (YoY)


GIC Housing Q4
-Net profit at Rs 36 crore versus Rs 26.6 crore (YoY)
-NII at Rs 78 crore versus Rs 62.7 crore (YoY)


Tinplate Q4
-Net profit at Rs 7.2 crore versus Rs 12.4 crore (YoY)
-Total income down 30.6 percent at Rs 176.4 crore versus Rs 254.2 crore (YoY)
-EBITDA down 18.3 percent at Rs 25.9 crore versus Rs 31.7 crore (YoY)
-EBITDA margin at 14.7 percent versus 12.5 percent (YoY)


Zee Media
-Terminates pact with Taj Television for distribution of TV channels of company
-Board approves pact with Zee Entertainment for distribution of TV channels of company
-Pact with Zee Entertainment at 7 percent revenue sharing of subscription revenues


Coal block case update: JSPL says
-Confident will stand vindicated at the end of the ongoing judicial process
-Deny all allegations made against company & management
-Amarkonda block allocation was made to company purely on merit


Government official says
-Foreign Investment Promotion Board (FIPB) clears 5 FDI proposals worth Rs 13,030 crore
-FIPB clears 5 FDI proposals out of 14; 1 proposal rejected
– Axis Bank ‘s FIPB proposal worth Rs 12,900 crore Cleared
-FIPB clears proposals of Wockhardt , Aurobindo Pharma
-Axis Bank proposed to increase foreign holding in the bank to 74 percent from 62 percent
-Yet to examine DCNS proposal
Alert – DCNS is a French submarine manufacturer


Axis Bank to CNBC-TV18
-Had applied to increase FIPB approval from existing approval of 62 percent to 74 percent
-Existing FII exposure is 45.2 percent as on April 22, 2016
-No plan to raise capital by issuance of securities to foreign investors
-FIPB nod to allow FIs to acquire stake in bank from existing shareholders
-FIs can acquire stake on a fully fungible basis up to 12 percent of capital
-Fully fungibilty would meet growing appetite for shares of the bank
-FIPB approval to enhance shareholder value
-FIPB approval to provide flexibility to raise long-term capital from FIs


Vodafone selects investment banks for India IPO process: Sources
-BofAML, UBS, Kotak selected as global co-ordinators for Vodafone India IPO
-Deutsche Bank, HSBC, ICICI Sec, JM Financial selected as book running lead managers for Vodafone India IPO
-Vodafone looking to raise around USD 3 billion via IPO in India
-Vodafone India IPO to value company at around USD 12 billion


Winsome Diamonds
-Asked Satya Tanwar to resign as he failed to discharge his duties
-Requested lenders to replace their nominee director


UltraTech in early stages to evaluate equity fundraising: Sources
-UltraTech looking at raising approximately Rs 3,000 crore
-UltraTech raising fund to pare debt of acquired Jaypee plants
Alert:
-UltraTech acquired JP cement plants for Rs 15,900 crore
-UltraTech to take over Rs 10,900 crore debt of acquired JP Cement plants
-UltraTech’s net debt at Rs 3,600 crore as of March 2016
-UltraTech says do not comment on market speculation


GMR Infra close to selling a substantial stake in GMR Energy: Sources
-Malaysian Power company, Tenaga front runner to buy 30 percent stake in GMR Energy
-Malaysia-based Malakoff also in fray to pick minority stake in GMR Energy
-Stake sale to infuse approximately Rs 1,500 crore in GMR Energy
-GMR Energy stake sale to be done via equity issuance
-Deal to value GMR Energy to approximately Rs 5,000 crore
-GMR Energy to use deal proceeds to repay lenders


Supreme Court
-Allows registration of 190 new diesel police vehicles
-Slaps environment cess of 30 percent on fresh vehicle registration by Delhi police
-Allows Delhi Jal Board to register newly procured water tankers
-Allows Delhi Jal Board’s water tankers exemption from payment of environment cess


Supreme Court refuses to extend deadline for phasing out diesel cabs plying in NCR
Alert: Deadline for phasing out diesel cabs ends on April 30
Supreme Court observes
-See no reason to allow extension for phasing out diesel cabs in NCR
-Have allowed enough extensions in the past
Alert: All radio taxis, app-based cab operators in NCR will have to switch to CNG from May 1


Other stocks and sectors that will be in news on May 2:
Cholamandalam Investment board recommends issuing NCDs worth Rs 10,000 crore via private placement
Elgi Equipment – French unit files for protective action with Commercial Court in Annecy, France
-RBI says FIIs can now invest up to 60 percent in YES Bank
Rama Steel Tube approves setting up new plant with 60,000 MT steel tube capacity