Domestic equity barometers slumped on Monday, June 15, 2020, as fears of a second wave of COVID-19 infections sent jitters across global stock markets. The barometer S&P BSE Sensex tumbled 552.09 points or 1.63% at 33,228.80. The Nifty 50 index lost 159.20 points or 1.6% at 9,813.70. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Tuesday, June 16, 2020. List of such five stocks:

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Tata Motors/ CCL Products/ Shoppers Stop/ Narayana Hrudayalaya / JK Tyre/ Canfin Homes/ Shalby: They are the companies that reported their financial results of the fourth quarter of the financial year 2019-20 (FY20) after the market hours on Monday, June 15, 2020. Find details:

Tata Motors: Auto major Tata Motors on Monday posted the financial results for the quarter ended on March 31, 2020, and reported a wider-than-expected loss when compared to a net profit in the same quarter a year ago. The company has posted a consolidated loss of Rs 9,894 crore in Q4FY20. It had reported a profit of Rs 1,117 crore in the same period last year. Analysts at Zee Business had projected a loss of Rs 2,822 crore for the quarter. Its revenue from operations declined 27.7% to Rs 62,493 crore as compared to Rs 86,422 crore. EBITDA stood at Rs 691 crore, down 91.8% from Rs 8,450 crore, while margins contracted to 1.1% from 9.8%. The company had a FOREX loss of Rs 1,682 crore. The management of the company has said that the Q1FY21 is expected to be significantly weaker for both JLR and Tata Motors with the full impact of lockdowns. Will significantly deleverage Tata Motors Group with JLR to become sustainably cash positive from FY22. Tata Motors sees significantly lower sales in Q1 and negative free cash flow of about Rs 5,000 crore in Q1FY21. The company has reduced CapEx spend by 56% to Rs 1,500 crore.
 
CCL Products: The company on Monday posted the financial results for the period ended on March 31, 2020, and reported 18% year-on-year rise in profits to Rs 42 crore. It posted a net profit of Rs 35.6 crore in the corresponding quarter of the last fiscal year 2018-19. The company’s revenue from operations remained flat at Rs 264 crore in Q4FY20 when compared to the revenue of Rs 262 crore in Q4FY19. EBITDA stood at Rs 71 crore, up 31% from Rs 54 crore of last year, while margin was 27% against 20.6%.
 
Shoppers Stop: Retail chain Shoppers Stop on Monday reported a consolidated loss of Rs 256 crore for the fourth quarter ended on March 31, 2020. The company had posted a net profit of Rs 13 crore in the January-March period of 2018-19. Revenue from operations declined 10.4% year-on-year to Rs 709 crore during the period under review from Rs 791 crore in the same period last year. EBITDA stood at Rs 80 crore as compared to Rs 59 crore posted last year and the margin was 11.2% against 7.4%. The EBITDA loss stood at Rs 17 crore against EBITDA of Rs 64 crore without Ind As 116. 53 departmental stores, seven home stores, 61 beauty stores and two Arcelia stores are operational as on date. Expect footfalls and sales to increase with a gradual easing of the lockdown.

Narayana Hrudayalaya: The leading healthcare service provider in India on Monday announced its financial results for the fourth quarter (Q4 FY20) ended March 31st, 2020. It reported a 67% year-on-year decline in net profit at Rs 11.9 crore in the quarter as compared to a profit of Rs 37.1 crore a year ago in the same quarter. Revenue from operations was down 3% at Rs 743 crore against Rs 765 crore of last year. EBITDA improved 7.2% to Rs 95.8 crore against Rs 89.5 crore. The margin was 13% against 11.7% of the last year.
 
JK Tyre & Industries Ltd: The company on Monday announced the financial results for the period ended March 31, 2020. It reported a net loss of Rs 47 crore in Q4FY20. The company posted a profit of Rs 33.6 crore in the same quarter last year. Revenue from operations declined 33.5% to Rs 1,795 crore as compared to Rs 2,703 crore posted last year. EBITDA stood at Rs 207 crore, down 20% from Rs 260 crore. Margins grew to 11.5% against 9.6%.
  
Can Fin Homes Ltd: The housing finance arm of Canara Bank has announced the financial results for the period ended March 31, 2020, on Monday. It reported a 36% year-on-year rise in profit to Rs 91 crore on the back of higher interest income. It posted a net profit of Rs 67 crore last year in the same quarter. Net interest income (NII) grew 35% to Rs 186 crore against Rs 138 crore posted last year. Gross NPA declined to 0.76% from 0.8%. Its loan book is up by 13%. The board of directors at its meeting on Monday recommended a dividend of Rs 2 per share.

Shalby Ltd: The company on Monday announced the financial results for the period ended March 31, 2020, and reported a loss of Rs 16.8 crore in the quarter. It posted a profit of Rs 3.4 crore in the corresponding quarter last year. Its revenue from operations declined 7% to Rs 105 crore from Rs 113 crore posted last year. EBITDA stood at Rs 2.4 crore, down 84% from Rs 15 crore. Margin contracted to 11.1% from 15%. 

Banks/NBFC in Focus: Finance Minister Nirmala Sitharaman chaired a meeting through Video Conference with officials of Major Private Banks and Non-Banking Financial Companies on Monday to ensure the effective roll-out of Emergency Credit Line Guarantee Scheme. She stressed on the need to extend uninterrupted liquidity to Micro, Small and Medium Enterprises in this difficult time.

Pharma Stocks In focus: The US Food and Drug Administration have revoked emergency use status of chloroquine and hydroxychloroquine (HCQ) in COVID-9 infection. It opined that it no longer believed that anti-malarial drugs may be effective in treating COVID-19 and side-effects outweighed any potential benefit. The anti-malaria drugs backed by President Donald Trump to combat COVID-19 and termed it as a game-changer in the fight against COVID-19.  

Reliance Industries: Saudi Arabia’s wealth fund Public Investment Fund (PIF) is all set to buy a 2.33% stake in Reliance Industries’ Jio platform for an estimated $1.5 billion.

See Zee Business Live TV Streaming Below:

Indigo: Chief Executive Officer Ronojoy Dutta said that the airlines want to operate 50% of its capacity by July 2020. Currently, it is functioning at the capacity below 25%. Dutta said that the airlines want to reach 70% capacity by March 2021 and 85% by April 2020, although net profitability may still be 14 months away.