Five stocks that you like to watch out on Feb 11
DSIJ Intelligence / 10 Feb 2016
The five stocks that may witness some kind of significant movement on Feb 11 in the markets are: Bata India , NBCC , Apollo Tyres, V-Mart Retail and Bank of Maharashtra.
The five stocks that may witness some kind of significant movement on Feb 11 in the markets are: Bata India , NBCC , Apollo Tyres, V-Mart Retail and Bank of Maharashtra.
a) Bata India: Bata India announced Q3 FY10 result on Wednesday. Bata India Q3 FY16 result was above market expectation led by price hike with improving realisations on low base. Net profit declined by 18% QoQ for the quarter and stands at Rs 44.6 crore; and revenue grew by 7% QoQ standing at Rs 617.59 crore. In Q3 FY16 EBITDA is up 62% QoQ at Rs 75 crore while EBITDA margins may stand at 12.9% versus 8.5% QoQ.
b) National Buildings Construction Corporation Ltd ( NBCC) : NBCC announced Q3 FY10 result on Wednesday. Net profit declined by 11% QoQ for the quarter and stands at Rs 59.58 crore; and revenue grew by 27% QoQ standing at Rs 1,426.01 crore. In Q3 FY16 EBITDA is down by 7% QoQ at Rs 61.45 crore while EBITDA margins may stand at 4.3% versus 5.9% QoQ.
c) Apollo Tyres: Apollo Tyres today reported a better-than-expected result in Q3 FY16; net profit is up by 51% at Rs 279 crore vs Rs 184 crore owing to lower raw material and finance costs. Net sales declined by 3.6% YoY at Rs 2,929 crore as against Rs 3,037 crore, for the previous fiscal.
d) V-Mart Retail: V-Mart Retail today reported weak Q3 FY16 results; revenues are up 10.4% YoY at Rs 265 crore versus Rs 240 crore. However, EBITDA margin was down at 11.3% YoY versus 14.2% and net profit is also down 37% YoY at Rs 15 crore versus Rs 24 crore. The company said “the Same-Store Sales Growth (SSSG) was weak in Q3 due to weak footfalls which impacted profits. However, the revenue growth was on account of sales in the nine new stores”.
e) Bank of Maharashtra: Bank of Maharashtra today reported Q3 FY16 result; it saw a jump of 55.6% YoY in net profit at Rs 89.06 crore. Total income of the bank increased by 3.2% YoY to Rs 3,475.98 crore from Rs 3,366.85. Gross Non-Performing Assets (NPAs) are 7.97% of the gross advances as of December 2015, up from 6.65%a year ago. Net NPAs too rose to 5.52% of the net advances in Q3 FY16, from 4.71% a year ago. It has write-off to the tune of Rs.225.38 crore during the quarter.
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