RIL, ONGC, HDFC, Shree Cement, Adani Ports, Tata Power, Adani Enterprises | Whuff News


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RILONGC, INDIA OIL, MRPL AND CHENNAI PETROLEUM

India imposes windfall tax of Rs 3.5/Litre on ATF Exports (previously none)

India raises windfall tax on diesel exports to Rs 10.5/Litre from Rs 5

India raises windfall tax on crude petroleum to Rs 11,000/tonne from Rs 8,000/tonne

IRB INFRA

LHDN Infra will hold a 51% stake in MBEL – the SPV that will implement the Ganga Highway Project. The remaining 49% will be held by GIC. IRB Infra and GIC to invest about Rs. 533 cr through equity and Rs. 1600 cr through NCDs. Issuance of Completion Certificate for VK1 Expressway Private Limited at a project cost of Rs. 2,094 Cr. The Company is eligible to receive Bi-annual Annuity payments from NHAI for a period of 15 years of operation,

HDFC

NCLT directed to hold shareholders meeting on 25 Nov 2022

A shareholders’ meeting will be held to approve the HDFC-HDFC Bank merger

NBCC

Pledged Rs. 162 cr of total business in September 2022

CONTEST

Drafted the merger scheme between Ujjivan Financial and Ujjivan Small Finance. It is subject to RBI approval, NOC from exchanges, Shareholders approval, NCLT approval & other approvals

Ujjivan Financial shareholders will get 116 Ujjivan SFB shares for every 10 shares held

NARAYANA HEALTH

A wholly owned subsidiary purchasing company that provides complete diagnosis and treatment of ear, nose and throat problems. The acquisition will allow HCCI to expand its healthcare business in the Cayman Islands into an ENT (Ear, Nose, Throat) specialty.

SHREE CEMENT

Appointed Neeraj Akhoury as MD for 5 years as part of a change in top management with Benu founder Gopal Bangur stepping down as director and chairman, according to the exchange filing. Akhoury was previously the Chief Executive Officer of Ambuja Cements Ltd. Current Managing Director Mohan Bangur will assume the role of company chairman while Joint Managing Director Prashant Bangur will be the vice chairman.

ADANI PORT

Adani Logistics has received a letter of award from Food Corp. of India to build four food storage silo complexes. Silo complexes or automated units with temperature and humidity control for storing food grains will be constructed at Kanpur, Gonda and Sandila in Uttar Pradesh and Katihar in Bihar

AUTHORITY OF TATA

The company’s information technology infrastructure suffered a cyber attack, affecting some of its IT systems, Mumbai-based Tata Power said. The Company has taken steps to recover and restore the system; all critical operating systems work

ZEE ENTERTAINMENT

Shareholders of Zee Entertainment Enterprises Ltd. approved the proposed merger of Zee and Bangla Entertainment Pvt. with Culver Max Entertainment Pvt., a wholly owned subsidiary of Sony Group, according to the exchange filing.

BIRLA CORP

Declared the Successful Bidder in respect of the Marki Barka Coal Mine located in Madhya Pradesh, by the Government of India, Ministry of Coal. This allocation is expected to provide fuel security and cost optimization.

UGRO

AUM: Rs. 4,378 cr as on 30 September 2022 (+20% QoQ and +126% YoY)

Gross loans disbursed: Rs. 3,011 cr during H1 FY23 (+50% over H2 FY22) and Rs. 1,653 cr during Q2 FY23 (+22% QoQ and +110% YoY)

Total liability: Rs. 2,721 cr

Collection efficiency continues to remain robust

KIRLOSKAR

Won appeal before SAT against SEBI order 2020 for non-compliance of Clause 36 of Equity Listing Agreement

SAT order shows KBL not aggrieved party in dispute: Rahul Kirloskar

Kirloskar Industries holds 24% stake in Kirloskar Brothers: Rahul Kirloskar

Rahul, Atul Kirloskar have no plans to sell their respective 0.5% stake in KBL

OLECTRA GREENTECH

The booking of 50 buses made on August 16 was canceled together

VOLTAGE TRANSFORMER

Workers who are on strike for wage revision and other related unreasonable demands for the period from 08 October 2022 to date.

TECHNICAL GARWARE

The Board of Directors will consider the buyback along with a decision on October 21.

LIVE HDFC

Announced completion of merger with its wholly owned subsidiary Exide Life, subject to receipt of final approval from IRDAI. This event marks the completion of the first merger and acquisition (M&A) transaction in the Indian life insurance sector

JINDAL POLYFILM

DS Rawat resigned as CFO & whole time director on 11 Oct 2022. Mr. Vijender Kumar Singhal has been appointed as CFO & whole time director on 15 Oct 2022

KNR CONSTRUCTION

Transferring 100% of its equity holdings in the subsidiary company, namely, KNR Srirangam Infra Private Limited (SPV) to Cube Highways and Infrastructure III Pte. Ltd

BODY CHEMICALS

Successfully completed technology upgrade of Rajpura Unit in Punjab. mgmt. said the technological improvement was a significant achievement. They will be able to meet the additional demand for Caustic Soda and reduce overall energy costs. The demand for this chemical has been healthy in recent years. This will lay the foundation for the company’s next phase of growth

APOLLO TUBES APP:

NCLT approves Scheme of Amalgamation between Shri Lakshmi Metal Udyog Limited, Apollo Tricoat Tubes Limited and APL Apollo Tubes Limited

DILIP BUILDCON:

Received LoA from Gujarat Metro Rail Corporation (GMRC) Limited for order worth Rs. 702 cr

ADANI ENTERPRISES

A binding term sheet signed in relation to the acquisition of 100% interest in SIBIA Analytics and Consulting Services Private Limited. SIBIA is an advanced analytics and machine learning company based in Kolkata

IRFC

Mr. Amitabh Banerjee relinquishes the charge of CMD with immediate effect. Ms. Shelly Verma, Director (Finance) to look after additional charge of CMD for a period of 3 months or till further orders, whichever is earlier

MOTOR TV

The acquisition of 48.27% stake in Nkars Mobility Millennial Solutions Private Limited (DriveX) has been completed

Q2FY23 Earnings

BAJAJ AUTO (Standalone QoQ)

Revenue from operations at Rs. 10,203 cr vs. Rs. 8,005 cr, up 27.5% QoQ

EBITDA at Rs. 1,759 cr vs Rs. 1,297cr, up 35.6% QoQ

EBITDA margin at 17.2% compared to 16.2% QoQ

PAT at Rs. 1,530 cr vs Rs. 1,173 cr, up 30.4% QoQ

SHREE CEMENT (Standalone QoQ)

Net income from operations at Rs. 3,781 cr vs Rs. 3,206 cr, up 18% YoY

EBITDA at Rs. 521 cr vs. Rs. 898 cr, down 42% YoY

EBITDA margin at 13.8% compared to 28% YoY

PAT at Rs. 190 cr vs Rs. 578 cr, down 67% YoY

ELXSI TATA

Revenue from operations at 763cr vs 726cr, up 5.1% QOQ

PAT at 174cr vs 185cr, down 6% QOQ

EBITDA at Rs. 226 vs Rs. 247cr, down 8.5% QOQ

EBITDA margin at 29.6% compared to 34% QOQ

OBEROI REALTY (Consolidated YoY)

Revenue at Rs. 689 cr vs Rs. 754 cr

PAT at Rs. 319 cr vs. Rs. 267 cr

EBITDA at Rs. 410 cr vs Rs. 375 cr

JUST DIAL (Consolidated YoY)

Revenue at Rs. 205 cr vs Rs. 156 cr, up 31.6% YoY

EBITDA at Rs. 17 cr vs Rs. 16 cr, up 6.6% YoY

Net Profit at Rs. 52 cr vs. Rs. 33 cr, up 58.5% YoY

EBITDA margin at 8.3% versus 10.2%, down 194 basis points YoY

AVENUE SUPERMARTS (Standalone YoY)

Revenue at Rs. 10384 cr vs. Rs. 7649 cr, up 35.8% YoY

EBITDA at Rs. 894 cr vs Rs. 670 cr, up 33.6% YoY

Net Profit at Rs. 730 cr vs Rs. 449 cr, up 62.6% YoY

EBITDA margin at 8.6% versus 8.8%, down -14 basis points YoY

HDFC BANK (Standalone YoY)

Interest Income at Rs. 38586 cr vs. Rs. 31353 cr, up 23.1%

NII at Rs. 21021 cr vs. Rs. 17684 cr, up 18.9%

PAT at Rs. 10606 cr vs Rs. 8834 cr, up 20.1%

PPOP at Rs. 17392 cr vs. Rs. 15807 cr, up 10%

GNP at 1.23% compared to 1.28% QoQ

NNPA at 0.33% vs 0.35% QoQ

LTI (Integrated QoQ)

Revenue at Rs. 4,837 cr vs. Rs. 4,523 cr, up 6.9% QoQ

EBIT at Rs. 781 cr vs. Rs. 724 cr, up 7.8% QoQ

PAT at Rs. 679 cr vs Rs. 634 cr, up 7.2% QoQ

EBIT margin at 16.1% versus 16%, up 13 points QoQ

BUTTERFLY GANDHIMATHI (YoY)

Revenue at Rs. 368 cr vs. Rs. 387 cr, down 5.1% YoY

EBITDA at Rs. 41 cr vs Rs. 46 cr, down 10% YoY

Net Profit at Rs. 25.1 cr vs Rs. 25.5 cr, down 1.3% YoY

EBITDA margin at 11.2% versus 11.8%, down 62 basis points YoY

ICICI PRUDENTIAL (Consolidated YoY)

Cons. Net Premium Income at Rs. 9582 cr vs. Rs. 9287 cr, up 3.2% YoY

Cons. Net Investment Income at Rs. 12819 cr vs Rs. 13546 cr, down 5.4% YoY

Cons. Net Profit at Rs. 200 cr vs Rs. 446 cr, down 55.1% YoY

VNB at Rs. 1092 cr in H1 FY23 vs Rs. 873 cr in H1 FY22, up 25.1% YoY

Embedded Value at Rs. 30203 cr in H1 FY23 vs Rs. 32648 cr in H1 FY22, up 8.1% YoY

GTPL HATHWAY: (Consolidated YoY)

Revenue at Rs. 655 cr vs. Rs. 596 cr, up 9.9% YoY

EBITDA at Rs. 131 cr vs Rs. 136 cr, down 3.1% YoY

Net Profit at Rs. 45 cr vs Rs. 43 cr, up 4.2% YoY

EBITDA margin at 20% versus 22.7%, down 270 basis points YoY

ALOK INDUSTRY: (Consolidated YoY)

Revenue at Rs. 1699 cr vs Rs. 1905 cr, down 10.8% YoY

EBITDA loss at Rs. 11 cr vs EBITDA of Rs. 114 cr

Loss on Rs. 192 cr vs Loss of Rs. -84 cr

EBITDA margin at -0.7% vs 6%

KESORAM INDUSTRY: (Consolidated YoY)

Revenue at Rs. 845 cr vs Rs. 843 cr, up 0.3% YoY

EBITDA at Rs. 52 cr vs. Rs. 134 cr, down 61% YoY

Loss on Rs. 59 cr vs a loss of Rs. 12 cr

EBITDA margin at 6.2% compared to 15.9%

BEPL (Independent QoQ)

Revenue was up 6% to Rs 358 cr vs Rs 337 cr

EBITDA down 12% to Rs 53 cr vs Rs 60 cr

EBITDA margin at 14.8% compared to 17.9%

Net profit fell 14% to Rs 41 cr vs Rs 47.5 cr.



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