By Soumya Ranjan M&M Fin, SBI Card, Balkrishna Industries, Garden Reach, NSDL, Birlasoft posted mixed December quarter results with varied profit and revenue trends. Here are few stocks to track ahead of Thursday’s trading session.
Mahindra & Mahindra Financial Services
Despite a 9.9% year-over-year decline from ₹899.5 crore, &M Fin reported a mixed performance for the December quarter, with net profit at ₹810.4 crore, above the CNBC-TV18 poll prediction of ₹728 crore. Although it was less than the Street forecast of ₹2,425 crore, net interest income (NII) increased a solid 20.6% YoY to ₹2,304 crore from ₹1,911 crore.
SBI Cards and Payment Services
With consolidated net profit increasing 45.3% year over year to ₹556.6 crore from ₹383.2 crore and revenue jumping 11% to ₹5,127.3 crore, SBI Cards posted a great December quarter performance. Despite a 23% increase in overall operating expenses to ₹2,597 crore due to increased business activity, finance costs decreased by 5% to ₹785 crore. During the quarter, earnings before credit expenses increased by 8% to ₹1,971 crore. With total spending climbing 33% YoY to ₹1.15 lakh crore, receivables up 4% to ₹57,213 crore, cards-in-force rising 8% to 2.18 crore, and new account additions of 8.64 lakh during the quarter, spending trend remained strong.
Union Bank of India
Avinash Prabhu’s resignation as Chief Financial Officer, effective January 31, was announced by the firm as a change in top management. To maintain continuity in financial leadership, the bank announced that Dhirendra Jain has been named as the new Chief Financial Officer, beginning February 1.
Sundram Fasteners
For the December quarter, the company’s net profit increased by 0.2% year over year to ₹130.5 crore from ₹130.2 crore, indicating a generally stable performance. EBITDA climbed 5.9% to ₹240.5 crore from ₹227.2 crore, while revenue jumped 6.9% to ₹1,541 crore from ₹1,441 crore in the previous year. The operating margin was 15.6%, slightly less than 15.7% during the same time last year.
Garden Reach Shipbuilders & Engineers
With net profit rising 73.9% year over year to ₹170.7 crore from ₹98.2 crore, the company announced a solid December quarter result. EBITDA more than quadrupled to ₹172.1 crore from ₹75.3 crore, while revenue increased 49% to ₹1,895 crore from ₹1,271 crore a year earlier. Because of improved execution and operating leverage, the operating margin increased to 9% from 5.9% during the same time last year.
LT Foods
reported robust growth, with net profit up 9.8% to ₹157.35 crore, sales up 23.5%, and EBITDA up 25.8% year over year. In contrast, Heritage Foods reported lower profitability in Q3, with net profit down 19.8% YoY to ₹34.5 crore despite an 8.2% increase in revenue.
NSDL
The company’s December quarter performance was mixed; while revenue decreased slightly by 0.8% to ₹359.6 crore from ₹362.5 crore a year earlier, net profit increased 4.4% year over year to ₹89.6 crore from ₹85.8 crore. The operating margin improved to 29.9% from 25% in the same period last year as a result of EBITDA’s robust 18.5% growth to ₹107.4 crore from ₹90.6 crore.
Birlasoft
The company’s December quarter performance was mixed, with revenue down 1.1% to ₹1,347.5 crore from ₹1,362.7 crore a year earlier and net profit increasing 2.5% year over year to ₹119.8 crore from ₹116.9 crore. EBIT increased by 58.2% to ₹225.1 crore from ₹142.3 crore, resulting in a significant increase in operating margin to 16.7% from 10.4% during the same period last year.
Sagility
With net profit increasing 23.4% year over year to ₹267.6 crore from ₹216.9 crore, Sagility reported a successful December quarter. While EBITDA jumped 30.4% to ₹511 crore from ₹392 crore, revenue increased 35.7% to ₹1,971.1 crore from ₹1,453 crore a year earlier. The operating margin was 25.9%, which was little less than the 26.9% it was during the same quarter last year.
eClerx Services
With net profit increasing 39.4% year over year to ₹191 crore from ₹137 crore, the business had a solid December quarter. EBITDA rose 33.3% to ₹276.1 crore from ₹207 crore, while revenue surged 25.3% to ₹1,070 crore from ₹853.8 crore a year earlier. The operating margin increased from 24.3% to 25.8% during the same time last year.
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