Here is the quarterly result highlights of Bajaj Auto, Ultratech, Dr. Readdy and Jubilant Food Works along with a technical view on stocks.
Ultratech Q4 Result highlights
•Consolidated net profit for the Q4 Rs 3,240 crore in 2020 against Rs 1065 crore in 2019 (YoY).
•Consolidated net profit of Rs 5810 crore in 2019-20 against Rs 2400 crore in 2018-19 (YoY).
• Ultratech EBITDA Stands at Rs 9930 crore in the year ended 2019-20 vs. Rs 7808 crore in the year 208-19. (YOY).
Impact of the result on Ultratech stock
The company has reported a good set of numbers quarterly as well as yearly.
Stock has hurdle around 3650. If breaks and sustain above 3650 will see upside movement till 3850 ++ levels in the coming days.
Support around 3300, breaks below 3300 will take it to 3000 levels in the coming days.
Dr. Reddy Q4 Result Update
Dr. Reddy’s profit jumps 76% YoY beating estimates, announces dividend of Rs 25
For Q4FY20, the company’s net profit stood at Rs 764.2 crore against Rs 434.4 crore in the corresponding quarter of the previous financial year.
*The company’s revenue came in at Rs 4,432 crore also came above the CNBC-TV18 estimate of Rs 4,243 crore.
*EBITDA came at Rs 1,001 crore against CNBC-TV18 estimate of Rs 928.4 crore.
*EBITDA margin came at 22.6 percent against CNBC-TV18 poll of 22 percent.
*The company’s global generics segment clocked a 20 percent year-on-year jump to Rs 3,639.8 crore.
*Europe’s segment saw a jump of 80 percent YoY in revenue, while North America and Emerging Markets rose 21 percent and 15 percent YoY, respectively. India segment rose 5 percent YoY.
*The board of directors has recommended a final dividend of Rs 25 (500 percent) per equity share of Rs 5 face value for the financial year 2019-20.
The dividend will be paid on or after 5 days from the date of declaration of the final dividend by the shareholders at the 36th Annual General Meeting (AGM), the company said, adding that in view of the COVID-19 situation, it is working on an AGM date.
“The book closure date for the purpose of the payment of final dividend and AGM date will be announced in due course,” said the company.
Impact of the result on Dr Reddy Stock
The company posted a good number which already discounted in price. We are looking for a profit booking at the stock price.
|Technical View on Dr. Reddy
Support is at 3500 while Resistance at 4200.Below 3500, Stock may test 3200-3100 on the downside, else may test 4200 levels.Any fresh buying would be seen only above 4200
Bajaj Auto – Q4 FY20 Result Update
Bajaj Auto Q4 profit rises 0.4% to Rs 1,310 crore on tax support, revenue falls 8%
On May 20 Bajaj Auto has reported a 0.4 percent growth in standalone profit at Rs 1,310.3 crore for the quarter ended March 2020, supported by a lower tax rate and higher other income.
The high base in the year-ago period also caused moderate growth in earnings. The profit in the corresponding period last fiscal stood at Rs 1,305.59 crore, which had included a one-time gain of Rs 342 crore on the reversal of charges related to NCCD and education cess after the Supreme Court order.
*Bajaj Auto sold 9,91,961 units of two-and-three-wheeler during the quarter, lower by 16.9 percent compared to 11,93,590 units sold in the same quarter last year.
*At the operating level, the company’s earnings before interest, tax, depreciation, and amortization (EBITDA) grew by 2.1 percent to Rs 1,252.8 crore and margin expanded 190 basis points year-on-year to 18.4 percent due to healthy exports in the quarter ended March 2020.
The complete nationwide lockdown on account of COVID-19 has effectively wiped out 40 days, of which 32 days have been in FY21. “Now, with the partial ease on lockdown, our manufacturing facilities at Chakan, Waluj, and Pantnagar have opened, but are not working at full pace. In the near future, Bajaj Auto expects to continue to witness the impact of this lockdown.”,
the company said.
Impact of result on Bajaj Auto Stock
The company gained marginally on other income support. Amid the coronavirus threat, we are expecting a sideways move in the stock. Dip in buy would be the best strategy.
Support at 2400, Resistance is at 2800.
Stock is likely to be range-bound. Either side breakout will suggest a next 300-400 points in the respective direction.
The auto industry needs some good government policy to be attractive for long term investment.
Jubilant Foodworks Q4 Result Updates
Jubilant FoodWorks posts 72% fall in standalone net profit.
Domino’s like-for-like (LFL) sales growth, during the quarter, fell to -2.3 percent, while same-store growth (SSG) came at -3.4 percent.
•Net Sales at Rs 908.75 crore in March 2020 up 4.12% from Rs. 872.82 crore in March 2019.
•Quarterly Net Profit at Rs. 33.13 crores in March 2020 down 57.9% from Rs. 78.68 crore in March 2019.
•EBITDA stands at Rs. 189.87 crores in March 2020 up 18.97% from Rs. 159.59 crore in March 2019.
“The coronavirus has brought about a once-in-a-lifetime crisis to society and business in general, and the restaurant industry in particular. We have taken a number of immediate steps to mitigate the impact of the virus on our business in the short term. In the longer term, we remain positive on the opportunity in the QSR space. Our strong balance sheet and the strength of our business model will ensure that we contain the adverse effects of the virus and come out stronger,”
said Shyam S. Bhartia, Chairman and Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks.
Impact of result on Jubilant Foodworks
Amid a threat of COVID-19 and Poor numbers we are likely to see a weak move ahead.
Hurdle around 1750. If it breaks and sustains above 1750 then we will see upside movement till 1825 +++ levels in the coming days.
Support around 1490, breaks below 1490 will take it to 1280 levels in the coming days.