Nifty 17376.95 (-0.14%)
Sensex 58462.08 (0.00%)
Nifty Bank 36620.5 (0.31%)
Nifty IT 36272.7 (0.32%)
Nifty Financial Services 18042.2 (0.33%)
Adani Ports 740.45 (0.18%)
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Axis Bank 680.30 (0.62%)
B P C L 384.75 (1.56%)
Bajaj Auto 3313.00 (-0.46%)
Bajaj Finance 7148.90 (-0.44%)
Bajaj Finserv 17711.00 (-0.27%)
Bharti Airtel 720.60 (-1.63%)
Britannia Inds. 3561.95 (-0.46%)
Cipla 910.25 (-1.19%)
Coal India 158.75 (-0.35%)
Divis Lab. 4730.55 (-0.98%)
Dr Reddys Labs 4610.15 (-1.13%)
Eicher Motors 2477.90 (1.07%)
Grasim Inds 1725.95 (0.12%)
H D F C 2795.85 (-0.43%)
HCL Technologies 1175.80 (-0.75%)
HDFC Bank 1526.55 (0.05%)
HDFC Life Insur. 701.55 (-0.53%)
Hero Motocorp 2471.55 (-0.05%)
Hind. Unilever 2371.70 (-0.49%)
Hindalco Inds. 427.70 (-1.02%)
I O C L 121.65 (0.83%)
ICICI Bank 724.05 (0.23%)
IndusInd Bank 946.20 (0.07%)
Infosys 1760.70 (0.71%)
ITC 223.60 (-0.82%)
JSW Steel 644.60 (-0.33%)
Kotak Mah. Bank 1975.70 (0.58%)
Larsen & Toubro 1827.75 (2.15%)
M & M 845.85 (-0.44%)
Maruti Suzuki 7257.00 (-0.93%)
Nestle India 19176.75 (-1.67%)
NTPC 128.60 (-0.08%)
O N G C 145.15 (0.80%)
Power Grid Corpn 214.60 (0.05%)
Reliance Industr 2464.10 (-0.76%)
SBI Life Insuran 1174.40 (-1.15%)
Shree Cement 26160.00 (-0.49%)
St Bk of India 478.05 (0.22%)
Sun Pharma.Inds. 758.10 (-1.06%)
Tata Consumer 769.35 (-0.50%)
Tata Motors 478.00 (-0.23%)
Tata Steel 1104.60 (-0.70%)
TCS 3638.50 (-0.12%)
Tech Mahindra 1617.15 (-0.77%)
Titan Company 2372.00 (-0.61%)
UltraTech Cem. 7340.75 (0.24%)
UPL 702.80 (0.66%)
Wipro 642.70 (-0.63%)

Bharti Airtel smashes street estimates as profit soars, revenue grows in double digits

by 5paisa Research Team 02/11/2021

Telecom major Bharti Airtel Ltd on Tuesday posted strong results beating analyst expectations with respect to both revenue and net profit for the second quarter ended September 30, 2021.

Bharti Airtel posted a consolidated net profit of Rs 1,134 crore as against a net loss of Rs 763.2 crore in the second quarter last year. On a sequential basis, net profit quadrupled.

Analysts at brokerage houses had expected net profit to come around Rs 680-780 crore.

Bharti Airtel’s consolidated revenue shot up 13% to Rs 28,326.4 crore from Rs 25,060.4 crore in the same quarter last year. On a sequential basis, revenue was up 5.4% from Rs 26,853.6 crore in the first quarter. On a comparable basis revenue grew 18.8% year on year.

The street estimate was that the company will post 7-8% rise in revenue on a year-on-year basis.

The company, which competes with Reliance Jio and Vodafone Idea in the Indian market, saw its shares price end at Rs 712.9 apiece, up 0.08% on Tuesday. The company declared results after trading stopped for the day.

Bharti Airtel Q2: Other highlights

1) EBITDA rose 24.5% to Rs 14,018 crore from Rs 11,259 crore in Q2 FY21; Analysts expected EBITDA growth at 12-17%.

2) On a sequential basis, EBITDA rose around 6% from the first quarter.

3) Sales and marketing cost shot up nearly 50% to Rs 1,267 crore.

4) Spectrum charges and licence fees rose about 20%.

5) Airtel benefited from a sharp slide in access charges to Rs 1,670.8 crore from Rs 2,923 crore in Q2 FY21.

6) Revenue from mobile services in South Asia declined year on year while that from India and Africa rose 10% and 20%, respectively.

7) Profit from DTH business remained under pressure but profit from India mobile business as well as from Africa mobile services unit jumped.

8) India revenue for Q2 at Rs 19,890 crore increased by 18.3% YoY on a comparable basis and 10.4% YoY on a reported basis.

9) India mobile revenue grew 20.3% on comparable basis as ARPU rose to Rs 153 from Rs 143 last year.

10) 4G data customers increased by 26.1% YoY to 192.5 million with average data usage per data customer at 18.6 GBs/month.

Bharti Airtel management commentary

Gopal Vittal, MD and CEO for India and South Asia at Bharti Airtel, said the company continues to maintain high degree of financial flexibility and has achieved zero bank debt for its India businesses. “We will continue to evaluate all options to maintain comfortable leverage profile and manage associated costs,” he said.

Vittal also said that, during the quarter gone by, Airtel recorded a healthy 5.5% sequential growth in consolidated revenue and expansion of EBITDA margin to 49.5%.

“Our strategy of focusing on quality customers has been validated by the strong price flow and ARPU increase that we have seen in our wireless business,” he said. “The step up in performance of our enterprise and homes business reflects the resilience and strength of our overall portfolio.”

Vittal added that new businesses including Airtel Payments Bank, data centres and revenue from digital services are shaping up well. “With a future-proofed 5G network, we are well positioned to build a strong Airtel of the future.”

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Closing Bell: Sensex and Nifty close in red, metal stocks drag

Closing Bell: Sensex and Nifty close in red, metal stocks drag
by 5paisa Research Team 02/11/2021

Losses in oil and gas, metal and a few IT stocks pulled the benchmark indices lower, but gains in realty, auto and select financial stocks limited the slide.

Indian equity benchmarks after a day's break resumed the decline and in the volatile session on November 2 amid mixed global cues. During today's trading session the Sensex fell as much as 257 points and the Nifty 50 index touched an intraday low of 17,847.60.

At the closing bell on November 2, the Sensex ended lower by 109.40 points or 0.18% at 60,029.06, and the Nifty was down by 40.70 points or 0.23% at 17,889.00. On the market breadth, around 1851 shares have advanced, 1216 shares declined, and 107 shares are unchanged.

Top gainers on the auspicious occasion of Dhanteras were Maruti Suzuki, NTPC, Titan Company, SBI and L&T. While the top losers of the day were Tata Steel, Reliance Industries, Tech Mahindra and IndusInd Bank.

On sectorial basis, the metal index lost over 1%, while the realty and PSU Bank index were 2-3%. In the broader markets, the BSE midcap and smallcap indices rose 0.5-1%.

The trending stock of the day was Mumbai-based logistics company Allcargo Logistics which was locked in 20% upper circuit at Rs 328.95 after it reported September quarter earnings.

Tata Steel was the top loser, the share price fell 2.71% to close at Rs 1,328.

Sun Pharma stock rose over 2% to close at ₹ 831. The company reported a net profit of Rs 2,047 crore in the second quarter of the current financial year. NTPC soared on commissioning solar power plant in Rajasthan.

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These are the smallcap stocks to watch out for on Wednesday, November 3!

These are the smallcap stocks to watch out for on Wednesday, November 3!
by 5paisa Research Team 02/11/2021

The Tuesday trading session belongs to logistics shares with All Cargo Logistics leading the way, soaring by 20% and locking in the upper circuit. The trending stocks of the day were Tube Investments of India and CG Power which saw heavy buying in the counter.

On a day when the BSE Sensex slipped by more than 100 points, we saw the BSE Smallcap index gain by more than 1% and BSE Real Estate index gain by more than 3%.

Following smallcap stocks will be in focus on Wednesday:

Inflame Appliances: The multibagger stock, Inflame Appliances was locked in the upper circuit on Tuesday. The stock is now up and locked in the upper circuit for two continuous sessions after the lot size has been reduced to 500 from 2000. The company has announced on bourses that it has achieved its highest production in September and October 2021. The company is well on track to achieve its expansion target and is expected to grow at an above-average rate owing to increasing demand. The shares of Inflame Appliances will be in focus on Wednesday.

Price Volume Breakout: The shares of Econo Trade, Aarti Surfactants, Sadhana Nitro Chem, Share India Securities, RBL Bank, Shrenik Limited, Dangee Dums, Purvankara, Captain Pipes, Manaksia Steel, Archidply Industries and GATI ltd witnessed a price volume breakout in the Tuesday trading session. These shares will be in focus on Wednesday.

Bullish Engulfing pattern: The shares of Jindal Capital, Bharat Gears, Total Transport Systems, Nikhil Adhesives, Anik Industries, Byke Hospitality, S S Organics, Saregama India, Ansal Properties, Aditya Vision, Selan Exploration and KPI Global Infrastructure saw a formation of the bullish engulfing pattern. These stocks will be in focus on Wednesday.

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Sun Pharma tops market forecasts as Q2 profit rises 13%

by 5paisa Research Team 02/11/2021

Sun Pharmaceutical Industries Ltd reported an increase of almost 13% in its consolidated net profit for the second quarter, as costs rose at a slower pace than sales and tax expenses fell.

India’s biggest drugmaker said consolidated net profit for the July-September period grew to Rs Rs 2,047 crore from Rs 1,813 crore in the same quarter last year. However, profit was up 29% compared with the adjusted earnings of the second quarter last year. Sequentially, profit jumped by a fourth from Rs 1,444 crore in April-June.

Consolidated revenue for the second quarter climbed 12.5% to at Rs 9,626 crore from Rs 8,553 crore in the July-September 2020 quarter. However, revenue slipped sequentially from Rs 9,719 crore in the first quarter of the current financial year.

Sun Pharma managed to keep costs under control with total expenses rising 9.7% from a year earlier to Rs 7,562 crore in the second quarter. Its tax expenses fell to Rs 198 crore from 257 crore a year earlier.

Both revenue and profit came ahead of estimates by most brokerage houses. For instance, Motilal Oswal had expected consolidated revenue at Rs 9,270 crore and a profit after tax of Rs 1,780 crore. Edelweiss had projected revenue at Rs 9,480 crore and net profit at Rs 1,623 crore.

Similarly, BOB Capital Markets had expected revenue of Rs 9,426 crore and a profit of Rs 1,658 crore.

Sun Pharma Q2: Other highlights

1) Standalone profit jumped to Rs 809 crore from Rs 223.7 crore during the second quarter last year.

2) On a sequential basis, the bottom line looked even better as it had recorded a loss of Rs 138.28 crore in Q1.

3) Standalone revenue rose to Rs 4,143.5 crore from Rs 3,531 crore a year earlier and Rs 3,665 crore in Q1.

4) Consolidated India sales at Rs 3,187.8 crore, up 26% over same quarter last year.

5) US finished dosage sales at $361 million, growth of 8% over Q2 last year.

6) Emerging markets sales grow 16% to $243 million; Rest of World sales rise 5% to $188 million.

7) Consolidated EBITDA at Rs 2,560.8 crore, up 21% over Q2 last year, with EBITDA margin of 26.8%.

Sun Pharma management commentary

Dilip Shanghvi, Managing Director of Sun Pharma, said the company sustained the positive momentum in the second quarter with a top-line growth of 13%, driven by a broad-based growth across multiple geographies.

“Our global specialty business has grown by 43% over Q2 last year. Ilumya has grown both YoY and sequentially,” he said, referring to the treatment of plaque psoriasis in adult patients.

Shanghvi also said that Sun Pharma’s India business continues to do well with a growth of 26% YoY. “We remain steadfast in our focus on growing our overall business and simultaneously strengthening our global specialty portfolio. The recent launch of Winlevi in US and Ilumya in Canada is a step forward in this direction,” he said.

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What does the history suggest about equity returns in November?

What does the history suggest about equity returns in November?
by 5paisa Research Team 02/11/2021

In this article, we will try to find how stock market participants have behaved in the month of November.

Human beings are a creature of habit and repetition. Many things that happen in our lives follow a cyclical basis. And these cycles can greatly affect the way a person thinks or feels. Even within nature, there exists a cycle, where the sun unfailingly rises in the east and then sets in the west. The moon revolves around the earth. The earth revolves around the sun.

Most of us recognize and accept the notion that our thoughts, attitudes, and emotions can change with the seasons. There is an important connection between our behaviour and the stock market as it is the ultimate arbiter of human emotion as it relates to all things financial.

Stock markets too experiences seasons or cycles. At the very least, one can make the case that there are bull seasons when the stock market advances, and bear seasons, when the stock market declines. In addition, one could argue that there are at least two or three other seasons in the stock market such as an extended trendless period.

In this article, we will try to find how stock market participants have behaved in the month of November. For this, we have taken the Sensex data since 1979 and took monthly returns every month. Out of 42 years of study, we found that 22 times in the month of November, Sensex has generated negative returns while 20 times it has generated positive returns. The average November month return for Sensex has been negative 0.54%. The average return when the Sensex gave a negative return has been negative 5.14%, whereas in the case of a positive return it has been 4.53%.

The table below shows the key stats of the last 42 years November month returns.

Stats  

Returns  

Average  

-0.5%  

Max  

14.7%  

Min  

-23.9%  

No. of Months (-ve return)  

22  

No. of Months (+ve return)  

20

From the above table and analysis, we can conclude that November will be a bad month for the equity market returns, as the odds are in favour of giving negative returns in November.

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Top-performing mutual fund category in October 2021

Top-performing mutual fund category in October 2021
by 5paisa Research Team 02/11/2021

Banking Sectoral Fund performed best, whereas Pharma Sectoral Fund was the worst-performer in the month of October 2021.

Mutual fund offers various categories such as equity oriented, debt oriented, hybrid, index, ETFs, Fund of Funds and Solution-oriented funds. Every scheme caters different types of individuals with different type of risk appetite. In the month of October equity-oriented banking sector category performed well. The return of the same category for one month is 6.35%. Whereas, the worst-performing category in the month of October is equity-oriented pharma sector fund. The return for one month of worst performing category is -3.18%. The banking sectoral fund pre-dominantly invests in the banking companies such as ICICI Bank, HDFC Bank, Axis Bank, State Bank of India, IndusInd Bank, Bank of Baroda etc.

Let’s look at the best-performing funds or ETFs within the category of Banking Sector on the basis of one month return:

Fund Name  

1-Month Return (October 2021)  

AUM (in crores)  

Kotak PSU Bank ETF  

13.73%  

₹137  

Nippon India ETF PSU Bank BeES  

13.73%  

₹266  

HDFC Banking ETF  

4.51%  

₹174  

ICICI Prudential Bank ETF  

4.51%  

₹2,668  

UTI Bank Exchange Traded Fund  

4.51%  

₹27  

SBI ETF Nifty Bank Fund  

4.50%  

₹5,430  

As we can see in the above table that majority of top performing funds are Exchanged Traded Funds.  

Let’s look at the top holdings of the above mentioned top performing funds:

Kotak PSU Bank ETF  

Company Name  

%Assets  

State Bank of India  

30.26  

Bank of Baroda  

17.20  

Canara Bank  

13.94  

Punjab National Bank  

13.47  

Bank of India  

5.96  

 

Nippon India ETF PSU Bank BeES  

Company Name  

%Assets  

State Bank of India  

30.25  

Bank of Baroda  

17.20  

Canara Bank  

13.94  

Punjab National Bank  

13.47  

Bank of India  

5.93  

As we can see both top performing ETFs hold same companies in different proportion. These banks performed well in October 2021, and is one of the main reason these funds are top performing within the category. 

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