By Soumya Ranjan These are some of the stocks to watch on heading into Thursday’s trading session, from Tata Power’s operations being affected throughout the quarter to greater expenses eroding NHPC’s profits and Trent’s 15% revenue growth.
Tata Power
The Mundra factory did not run in Q3, which affected its results, the management said CNBC-TV18. The Gujarat government and the corporation are in the final stages of negotiating a supplemental PPA; there is just one outstanding issue, which should be resolved in a few weeks. Additionally, the corporation has not heard of any delays in the privatization of UP DISCOM. Profits were greater, margins were in line, and the company’s revenue and EBITDA were below projections.
NHPC
The proposal to terminate the Memorandum of Understanding between NHPC and the Green Energy Development Corporation of Odisha in order to establish a joint venture business to carry out solar power projects in Odisha has been approved by the board. The plan to remove NHPC’s nomination director from the PTC India board and give up NHPC’s status and rights as a “Promoter” of PTC was also approved by the board. The company’s margins shrank to 9.5% from 44.4% the previous year, while its EBITDA decreased by 80%. As of December 31, the firm owed ₹781.45 crore for the Subansiri Lower Project’s Associated Transmission System (ATS) expenses since the utility had put the transmission system into service early. The same has been recorded as other expenses that had an effect on the quarter’s operating performance.
Trent
In the December quarter, the Tata Group company recorded a 14.8% increase in revenue and a 27.6% increase in EBITDA to ₹1,081.7 crore, just beyond the ₹1,000 crore CNBC-TV18 poll. The EBITDA margin increased from 18.2% to 20.2%, a 200 basis point increase from the previous year. The early start of the holiday season, according to the corporation, means that third-quarter revenues are not totally comparable. Additionally, it stated that given the ongoing geopolitical unrest, they are still navigating certain supply-chain-related difficulties. Although modest in the third quarter, sentiments are progressively improving, and the medium-term picture is getting better.
Metropolis Healthcare
The net profit rose to ₹41.4 crore, a 32% rise from the previous year. Revenue reached ₹405.9 crore, a 25.8% rise. While margins stayed unchanged at 22.4%, EBITDA rose by 31.5% to ₹95.2 crore. Test and patient volumes increased by 13% and 14%, respectively, from the previous year. B2B sales increased by 35% compared to the previous year, while B2C revenue increased by 19%. The TruHealth and Specialty Portfolios grew by 37% and 34%, respectively, over the previous year.
Sammaan Capital
Revenue for the quarter was ₹2,157 crore, up 7% from the previous year, while net profit climbed by 4% to ₹314 crore from ₹302 crore. While net non-performing assets (NPA) were at 0.98% from 1.11% in the previous quarter, gross non-performing assets (NPA) were at 1.65% from 1.91%.
NSDL
When the company’s six-month shareholder lock-in expires on Thursday, up to 149.2 million shares, or 75% of all outstanding shares, will become available for trading. The closing price on Wednesday indicates that the 75% of outstanding equity is worth ₹14,875 crore.
Marico
To purchase a 60% stake in Cosmix Wellness’ paid-up share capital in accordance with the company’s primary strategic goals in order to increase its market share in the high-end food and nutrition sectors by introducing a functional wellness brand that is digitally first and has a unique selling point. Subject to specific milestones, approvals, and terms and conditions outlined in the agreement, the remaining stake will be bought at the end of FY29 for a sum that will be decided at that time. The initial investment was purchased for ₹375 crore in equity.
TCI
For the third quarter, Transport Corporation of India reported a 10.4% year-over-year increase in net profit, going from ₹118.2 crore to ₹130.5 crore. EBITDA jumped 10.6% to ₹121.1 crore from ₹109.5 crore, while revenue increased 7.2% to ₹1,064 crore from ₹993.5 crore in the same period last year. The EBITDA margin increased year over year from 11% to 11.4%.
Cummins
Cummins’ Q3 net profit was ₹453 crore, down 11.9% year over year from ₹514 crore during the same period last year. EBITDA increased 5.7% to ₹635.4 crore from ₹601 crore, but revenue for the quarter decreased by 1% to ₹3,055 crore from ₹3,086 crore in the previous year. Year-over-year, the EBITDA margin increased from 19.5% to 20.8%.
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