Stocks to watch: HUL, Adani Ant, Hindustan Zinc, LTTS, PVR, AUSFB

Hindustan UnileverHindustan Unilever Ltd (HUL) on Thursday beat Street expectations with a 12% rise in quarterly net profit, with the home goods maker benefiting from higher demand for products and easing inflationary pressure. The company’s board also approved enhanced payments to its European parent company Unilever Plc for providing technology, trademark licenses and services. It pays royalty and central services fees at 3.45% of HUL’s revenue, up from 2.65% in FY22. The new arrangement, which is effective from February, will be applicable for a period of five years. Meanwhile, the standalone net profit of HUL rose to Rs. 2,505 crore for the three months ended December 31, from 2,243 crore a year ago. Bloomberg survey of analysts anticipates reporting company’s profit 2,488 crores.

Adani EnterprisesBillionaire Gautam Adani’s flagship Adani Enterprises Limited, which is preparing to raise 20,000 crore through a follow-on public offer, expects all its business verticals across roads, airports and industries to achieve the scale of independent listing between 2026 and 2029. , transmission, renewable and city gas distribution in separately listed entities. Jugshinder Singh, Chief Financial Officer, said Adani Enterprises’ six core business verticals, including primary industries, Adani Wilmar, the fast-growing consumer goods arm, airports, roads, data centers and Adani’s new industries, are right where they need them to be. Must be on tour. Adani Group.

Hindustan ZincHindustan Zinc, a subsidiary of Vedanta, reported a consolidated net profit on Thursday. 2,156 crore for the December quarter, which is 20% lower than 2,701 crore reported in the year-ago period. The company also informed that the chairperson and director of the company, Kiran Agarwal, has stepped down with effect from January 18, 2023. The Nomination and Remuneration Committee of Hindustan Zinc has approved the appointment of Priya Agarwal as Chairperson of the company with immediate effect. “It is informed that Mrs. Kiran Agarwal, Chairperson and Director of the Company has resigned from the Board with effect from January 18, 2023, with a view to give back 75% of the assets of the Vedanta Group Chairman to the society through her personal foundation to pursue,” the company said in its regulatory filing.

L&T Tech Services: L&T Technology Services on Thursday reported a 22% rise in net profit 303.6 crore for the December 2022 quarter. it is against the net profit of 248.8 million in the year-ago period, L&T Tech Services said in a regulatory filing. The company’s revenue increased by 21.4% 2,048.6 crore in the quarter under review. 1,687.5 crore from a year ago, said L&T Technology Services in the filing. EBIT for the quarter stood at 382.9 crore while the EBIT margin stood at 18.7%. Amit Chadha, CEO and Managing Director, L&T Technology Services Ltd., said, “Growth remained muted in the quarter due to seasonality and a higher than expected impact, particularly in the plant engineering segment.”

AU Small Finance Bank: AU Small Finance Bank posts highest ever quarterly profit from operating activities in Q3FY23, with PAT growing by 30.1% 392.82 cr as against 302.04 crore in the same quarter a year ago. Q3 PAT grew by 14.66% 342.6 crore in the September 2022 quarter. AU Small continued to deliver strong and consistent performance across all parameters in the third quarter despite a challenging macro environment. Also, the asset quality of lenders improved further. AU Small said, “Q3FY23 was another quarter of strong and consistent performance across parameters delivering healthy and calibrated loan and deposit growth, stable margins and asset quality, and credit card growth amid a challenging macro environment.” And continued traction in other digital initiatives.”

PVR: PVR on Thursday announced the results for its third quarter ending December 31, 2022 (Q3FY23). Leading multiplex operator turns profitable in Q3 FY2023 by recording PAT Loss of 16.15 crores Vs. 10.18 crore in Q3FY22 and 71.23 cr in Q2FY23. PVR saw a sharp jump from the previous quarter on the back of strong content performance. PVR’s top-line front also saw strong growth. In Q3FY23, the company’s consolidated revenue from operations grew by 53.17% 940.69 crore as against 614.15 crore in the same quarter a year ago. There was an increase of 36.98% in revenue 686.72 crore in the September 2022 quarter.

coward: Bharat Heavy Electricals Limited (BHEL) on Thursday said it has received an order for Renovation and Modernization (R&M) of steam turbines at Ukai Thermal Power Station (TPS) in Gujarat. order value is 300 crore, is for 200 MW Unit-3 and 210 MW Unit-5 of Ukai Thermal Power Station. Gujarat State Electricity Corporation Limited has given this order to BHEL. BHEL is also the Original Equipment Manufacturer (OEM) of these turbines. It is expected to enhance the life and reliability of Units-3 and 5 at Ukai TPS.

Indiamart Intermesh: B2B e-commerce company Indiamart Intermesh Limited on Thursday reported a 60.68% increase in its consolidated net profit. 112.8 crore for the third quarter ending December 31, 2022. The company posted a consolidated profit of 70.2 crore in the October-December quarter from a year ago, it said in a regulatory filing. Its consolidated revenue from operations grew by 33.65% in the third quarter 251.4 crore against 188.1 crore in the same period last year, it added. Commenting on the results, Dinesh Agarwal, CEO, IndiaMart Intermesh, said this was due to growth in revenue, deferred revenue, payment of subscription suppliers and cash flow from operations with healthy margins.

Jubilant Foodworks: Food services company Jubilant FoodWorks Ltd said on Thursday that it will invest 900 cr over 12-18 months for expansion of Domino’s and Popeyes outlets; improving digital infrastructure; and add food commissioners, back-end units that serve its restaurant kitchens. JFL currently has a network of 1,701 Domino’s restaurants in 371 cities across India. In a stock exchange filing, the company, which holds exclusive master franchise rights from Domino’s Pizza Inc to develop and operate the brand in India, Sri Lanka, Bangladesh and Nepal, said it plans to open 250 Domino’s stores in the next 12-18 years. . month, and 3,000 outlets of the pizza chain in the medium term.

Sun Pharma: Sun Pharmaceutical Industries Ltd has agreed to buy Concert Pharmaceuticals Inc for $576 million to gain access to the US company’s experimental drugs to treat skin diseases including patchy hair loss. Concert Pharmaceuticals has an extensive patent portfolio, which includes its lead product candidate, duruxolitinib, a late-stage drug for the treatment of alopecia areata, an autoimmune dermatologic disease that results in patchy hair loss. The deal will help strengthen Sun Pharma’s dermatology product range in the US. The company said its immediate focus is on submitting a new drug application to the US Food and Drug Administration (FDA) in the first half of 2023.