Stocks To Watch: Wipro, HFCL, Kotak Mahindra, Future Enterprises, Phoenix Mills

Intro

Here are the stocks to watch in today's trade:

• Wipro/HFCL: The company has entered into a partnership with HFCL to engineer a variety of 5G transport products that include Cell Site Router, DU (Distributed Unit) Aggregation Router, and CU (Centralized Unit) Aggregation Router.

• Kotak Mahindra: The bank has hiked deposit rates for one year and above deposits by 30-35 basis points effective Friday. It has also appointed Shanti Ekambaram as whole-time director.

• Future Enterprise: The company has completed the sale of 25% stake in its General Insurance Joint Venture, Future Generali India Insurance to JV partner Generali Participations Netherlands for Rs 1,266.07 crore. Post completion of the transaction, the company continues to hold (directly and indirectly) 24.91% shares in the JV.

• Phoenix Mills: The company has increased its stake in Classic Mall Development to 100% from 50% earlier. It has paid Rs 936 crore to acquire the 50% stake held by Crest Ventures and Escort Developers.

Earnings Post Market Hours

Marico Q4 FY22 (Consolidated, YoY)

• Revenue up 7% at Rs 2,161 crore Vs Rs 2012 crore (Bloomberg Estimate: Rs 2,175 crore)

• EBITDA up 8% to Rs 346 crore Vs Rs 319 crore (Bloomberg Estimate: Rs 359.24 crore)

• EBITDA Margins at 16% Vs 15.9% (Bloomberg Estimate: 16.5%)

• Net profit up 15% to Rs 251 crore from Rs 219 crore (Bloomberg Estimate: Rs 258.17 crore)

Adani Transmission Q4 FY22 (Consolidated, QoQ)

• Revenue fell 2.19% at Rs 2,556.09 crore Vs Rs 2,613.35 crore (Bloomberg Estimate: Rs 2,951.1 crore)

• EBITDA fell 6.04% at Rs 955.31 crore Vs Rs 900.88 crore (Bloomberg Estimate: Rs 1,051.9 crore)

• EBITDA margin 32% Vs 30.9% (Bloomberg Estimate: 35.6%)

• Net profit fell 14.02% at Rs 229.59 crore Vs Rs 267.03 crore (Bloomberg Estimate: Rs 238.4 crore)

TVS Motor Q4 FY22 (Standalone, YoY)

• Revenue up 3.92% at Rs 5,530.31 crore Vs Rs 5,321.93 crore (Bloomberg Estimate: 5,645.7 crore)

• EBITDA up 3.86% at Rs 556.82 crore Vs Rs 536.11 crore (Bloomberg Estimate: Rs 558.4 crore)

• EBITDA margin remains flat at 10.07% (Bloomberg Estimate: 9.8%)

• Net profit fell 5.1% at Rs 274.5 crore Vs Rs 289.24 crore (Bloomberg Estimate: Rs 262 crore)

Voltas Q4 FY22 (Consolidated, YoY)

• Revenue up 0.56% at Rs 2,666.58 crore Vs Rs 2,651.66 crore (Bloomberg Estimate: Rs 2,703.1 crore)

• EBITDA fell 21.08% at Rs 261.01 crore Vs Rs 330.73 crore (Bloomberg Estimate: Rs 297 crore)

• EBITDA margin 9.79% Vs 12.47% (Bloomberg Estimate: 10.9%)

• Net profit fell 23.15% at Rs 182.7 crore Vs Rs 237.73 crore (Bloomberg Estimate: 230.3 crore)

• Recommended dividend of Rs 5.5 per share of face value of Rs 1 each

CEAT Q4 FY22 (Consolidated, YoY)

• Revenue up 13.2% at Rs 2,591.99 crore Vs Rs 2,289.72 crore (Bloomberg Estimate: Rs 2,438 crore)

• EBITDA 28.12% at Rs 187.50 crore Vs Rs 260.84 crore (Bloomberg Estimate: Rs 139.5 crore)

• EBITDA margin 7.23% Vs 11.39% (Bloomberg Estimate: 5.72%)

• Net profit fell 83.48% at Rs 25.25 crore Vs Rs 152.8 crore (Bloomberg Estimate: Loss of Rs 9.46 crore)

• Recommended final dividend of Rs 3 per share of face value of Rs 10 each

• EBITDA margin 7.23% Vs 11.39% (Bloomberg Estimate: 5.72%)

DCM Shriram Q4 FY22 (Consolidated, YoY)

• Revenue up 31.3% at Rs 2,855.62 crore Vs Rs 2,174.92 crore

• EBITDA up 78.78% at Rs 616.92 crore Vs Rs 345.07 crore

• EBITDA margin 21.6% Vs 15.87%

• Net profit up 73.5% at Rs 401.19 crore Vs Rs 231.24 crore

• Recommended final dividend of Rs 4.9 per share of face value of Rs 2 each

Cholamandalam Investment and Finance Q4 FY22 (Standalone, YoY)

• Revenue up 4.84% at Rs 2,580.34 crore Vs Rs 2,461.15 crore

• EBIT up 40.44% at Rs 1,949.16 crore Vs Rs 1387.92 crore

• EBIT margin 75.54% Vs 56.39%

• Net profit up 183.53% at Rs 689.58 crore Vs Rs 243.21 crore

• Recommended final dividend of Rs 0.7 per share of face value of Rs 2 each

Blue Star Q4 FY22 (Consolidated, YoY)

• Revenue up 39.5% at Rs 2,247.58 crore Vs Rs 1,611.56 crore

• EBITDA up 33.84% at Rs 142.95 crore Vs Rs 106.81 crore

• EBITDA margin 6.36% Vs 6.63%

• Net profit up 12.16% at Rs 76.16 crore Vs Rs 67.9 crore

• Recommended dividend of Rs 10 per share of face value of Rs 2 each

Blue Dart Express Q4 FY22 (Consolidated, QoQ)

• Revenue fell 7.08% at Rs 1,165.91 crore Vs Rs 1,254.75 crore

• EBIT up 16.82% at Rs 199.28 crore Vs Rs 170.58 crore

• EBIT margin 17.09% Vs 13.59%

• Net profit up 10.98% at Rs 136.97 crore Vs Rs 123.42 crore

Sona BLW Precision Forgings Q4 FY22 (Consolidated, YoY)

• Revenue up 1.98% at Rs 550.01 crore Vs Rs 539.34 crore

• EBITDA fell 3.36% at Rs 135.38 crore Vs Rs 140.08 crore

• EBITDA margin 24.61% Vs 25.97%

• Net profit up 75.5% at Rs 104.65 crore Vs Rs 59.63 crore

• Recommended final dividend of Rs 0.77 per share of face value of Rs 10 each

Procter & Gamble Health Q4 FY22 (Consolidated, YoY)

• Revenue up 22.21% at Rs 267.82 crore Vs Rs 219.15 crore

• EBITDA 123.8% at Rs 68.77 crore Vs Rs 30.73 crore

• EBITDA margin 25.68% Vs 14.02%

• Net profit up 224.41% at Rs 51.16 crore Vs Rs 15.77 crore

• Recommended interim dividend of Rs 41 per share of face value of Rs 10 each.

Indus Towers Q4 FY22 (Consolidated, QoQ)

• Revenue up 2.03% at Rs 711.63 crore Vs Rs 692.74 crore

• EBITDA up 9.87% at Rs 406.98 crore Vs Rs 370.41 crore

• EBITDA margin 57.19% Vs 53.47%

• Net profit up 16.41% at Rs 182.85 crore Vs Rs 157.08 crore

Happiest Minds Technologies Q4 FY22 (Consolidated, QoQ)

• Revenue up 5.86% at Rs 300.57 crore Vs Rs 283.94 crore

• EBIT up 4.6% at Rs 62.83 crore Vs Rs 60.07 crore

• EBIT margin 20.9% Vs 21.16%

• Net profit up 6.52% at Rs 52.11 crore Vs Rs 48.92 crore

• Recommended final dividend of Rs 2 of face value of Rs 2 each

Earnings To Watch

• Reliance Industries

• Tata Power

• Federal Bank

• Canara Bank

• CSB Bank

• Grindwell Norton

• Shipping Corporation of India

• Paushak

• HIL.

• Paisalo Digital

• Great Eastern Shipping

• Sundaram Clayton

• Vesuvius India

• Apollo Pipes

• Apollo Tricoat Tubes

• Greenpanel Industries

• Bajaj Consumer

Pledged Shares Details

• Steel Strips Wheels: Promoter & Director Dheeraj Garg revoked a pledge of 1 lakh shares on May 4.

• Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 4.2 lakh shares on April 29.

Offerings

• LIC IPO: Subscription to resume on day three. The offer subscribed 103% on day two. The issue will be open for subscription on Saturday and Sunday (May 7 and May 8).

Who's Meeting Whom

• Tata Consumer Products: To meet investors on May 6.

• DCM Shriram: To meet analysts and investors on May 9.

• Go Fashion: To meet investors on May 9.

• PVR: To meet analysts and investors on May 9.

• HIL: To meet analysts and investors on May 10.

• Suven Pharma: To meet investors on May 10.

• Aarti Drugs: To meet analysts and investors on May 10.

• Cosmo Films: To meet analysts and investors on May 10.

• Stylam Industries: To meet investors on May 11.

Trading Tweaks

• Price Band Revised From 20% To 10%: Network 18 Media & Investments, TV18 Broadcast

• Record Date Interim Dividend: Sarda Energy & Minerals

• Record Date Buy Back: Sarda Energy & Minerals

• Ex-Date Interim Dividend: Crisil

• Ex-Date Interim Dividend: Vedanta

• Ex-Date Distribution: Embassy Office Parks REIT

• Move Into Short-Term ASM Framework: Network18 Media & Investments, TV18 Broadcast

• Move Out Of Short-Term ASM Framework: HBL Power Systems