From Banking stocks after the latest announcements made by the Reserve Bank of India over the weekend, to earnings reactions from Avenue Supermarts, C…
1/13Banking Stocks | India’s banking stocks, which outperformed the benchmark last week, will be in focus on Monday as the Reserve Bank of India has raised the minimum daily CRR maintenance requirement to 99% from 90% earlier. The revised requirements will be effective from the fortnight that begins on October 16. The RBI says that the decision has been taken after taking stock of the current liquidity situation and that banks must continue to maintain prescribed CRR on average over the reporting fortnight. The RBI policy last week made no change to the CRR rate. The RBI has also barred rebooking of cancelled INR-linked forex derivatives contracts and has also cut the threshold for forex derivatives without underlying exposure from $100 million to $5 million.
2/13Avenue Supermarts | Net profit up 8.5% from last year to ₹743.5 crore. Revenue up 17.8% from last year to ₹19,644 crore. EBITDA up 15% to ₹1,394 crore. EBITDA margin at 7% versus 7.3% last year. Margins well below CNBC-TV18 poll expectations, while revenue, profit and EBITDA largely in-line.
3/13Can Fin Homes | Net profit up 9.2% from last year to ₹274.6 crore. Net Interest Income up 6.6% year-on-year to ₹432 crore. Loan book grows to ₹43,539 crore from ₹39,657 crore last year. Net Interest Margins (NIMs) decline to 3.89% from 4.02% last year. Gross NPA at 0.9% from 0.87% in June, Net NPA at 0.42% from 0.4% in June.
4/13Canara Robeco Asset Management Company Ltd | Net profit up 21.5% from last year to ₹59.2 crore. Revenue up 18.6% from last year to ₹128 crore. Total AUM down 1% from last year to ₹1.16 lakh crore. Quarterly Average AUM up 4% to ₹1.24 lakh crore. Total folio count at 5.01 million. Board approves interim dividend of ₹2 per share. Stock trades below issue price.
5/13Anand Rathi Wealth | Anand Rathi Wealth | Net profit down 9.5% to ₹89.95 crore. Revenue up 15.7% to ₹344 crore. EBITDA down 15.1% to ₹116.8 crore. EBITDA margin down to 34% from 46.2%. Highest ever quarterly net inflow up 39% to ₹4,186 crore. Active client families in private wealth up 12% to 14,309. AUM up 18% from last year to ₹1.08 lakh crore. Board approves interim dividend of ₹4 per share.
6/13Poonawalla Fincorp | Net profit rises to ₹374.8 crore from ₹74 crore. Net Interest Income up 75.7% to ₹1,589 crore from ₹905 crore. AUM at ₹74,008 crore. NIMs at 9.26% from 9.1% in the June quarter. Credit costs down to 2.19% from 2.4% in June. Gross NPA improves to 1.2% from 1.37% in June. Net NPA improves to 0.61% from 0.7% in June. Pre-Provisioning Operating Profit at ₹877 crore, up 11.8% sequentially.
7/13Canara HSBC Life Insurance | Net profit up 5.5% year-on-year to ₹43.1 crore. Net premium earned up 13% to ₹2,553.2 crore. Value of New Business up 24% to ₹266 crore in the first half of FY27. Annual Premium Equivalent up to ₹6,644 crore from ₹5,853 crore in Q2 of last year.
8/13Waterways Leisure Tourism | Recently listed company reported a net profit of ₹54.4 crore from ₹30.9 crore last year. Revenue increased by 30.9% from last year to ₹133 crore from ₹102 crore last year. EBITDA profit of ₹9.7 crore versus EBITDA loss of ₹6.5 crore during the year-ago period.
9/13Ajmera Realty | As part of its Q2 business update, the company’s carpet area sold fell 68% from last year to 72,883 square feet. Sales value was down 69% from last year to ₹224 crore, while Collections fell 14% from last year to ₹190 crore. However, on a sequential basis, the three metrics mentioned above were up by 67%, 54% and 10% respectively.
10/13Kalpataru | Second quarter business updates show a 5% drop in pre-sales to ₹1,258 crore from ₹1,329 crore last year, while collections remained flat at ₹1,189 crore from ₹1,182 crore last year. The company launched premium residential project Kalpataru Elara in Goregaon, Mumbai, during the quarter, featuring 2, 3, and 4 bedroom residences.
11/13Bajel Projects | Awarded an EPC order for the supply and installation of 220kV Gas Insulated Switchgear (GIS) substations at Salsette and Powai in Mumbai. The order, according to the company’s terminologies, classifies as a “major” order, which means that the value of the order ranges between ₹200 crore to ₹300 crore.
12/13PTC Industries | The board approved the closure of the QIP through which has raised ₹1,800 crore. The company has approved the issue and allotment of 8.54 lakh equity shares to eligible institutional buyers at a price of ₹21,060 per share, which is a 5% discount to the floor price. Smallcap World Fund, Fidelity Funds, and HDFC MF have been issued over 50% of the shares reserved for the QIP.
13/13Shareholder Lock-In Ending | Kanohar Electricals, Prasol Chemicals, Glass Wall Systems, Pranav Constructions, Laser Power & Infra and Kusumgar will all see their respective shareholder lock-in end on Monday, October 12. While for Laser Power & Kusumgar, it will be their three-month lock-in ending, the rest will see their one-month lock-in come to an end.