Stocks in the Asia-Pacific region advanced on Thursday, while US treasuries saw a selloff taking overnight cues from Wall Street after a hotter than expected inflation cut down the rate cut expectations.

Japan’s Nikkei was up 443 points, or 1.13% at 39,401, while South Korea’s Kospi rose 0.5%, or 13 points to 2,562 as of 6:35 a.m. Future contracts in China and Hong Kong hinted at a positive stock start.

Stocks on Wall Street continued their mixed trade for the second consecutive day on Wednesday. The S&P 500 and The Dow Jones Industrial Average slipped 0.27% and 0.50%, respectively. The tech-heavy Nasdaq Composite rose 0.03%.

The dollar index — which tracks the greenback’s performance against a basket of 10 leading global currencies — was 0.05% up at 107.98.

The Indian equity benchmark indices closed lower for the sixth day in a row, as stocks of Mahindra & Mahindra Ltd. and Eicher Motors Ltd. dragged the most.

The NSE Nifty 50 ended 26.55 points, or 0.12% lower at 23,045.25, and the 30-stock BSE Sensex ended 122.52 points, or 0.16% down at 76,249.54.

Foreign portfolio investors stayed net sellers of Indian equities for the sixth straight session on Wednesday as they offloaded stocks worth approximately Rs 4,969.30 crore.

Domestic institutional investors, on the other hand, stayed net buyers for the sixth straight session as they mopped up equities worth Rs 5,929.24 crore, according to provisional data from the National Stock Exchange.

The rupee ended muted against the US dollar on Wednesday. It weakened by 6 paise to close at 86.89.

Earnings Post Market Hours

Muthoot Finance Q3 (Standalone, YoY)

  • NII up 42.8% to Rs 2,722 crore versus Rs 1,906 crore.

  • Profit after tax up 32.7% to Rs 1,363 crore versus Rs 1,027 crore.

TBO TEK Q3 (Consolidated, YoY)

  • Revenue up 29.2% to Rs 422 crore versus Rs 327 crore (Estimate Rs 398 crore).

  • Ebitda down 1.4% to Rs 55.2 crore versus Rs 56 crore (Estimate Rs 68 crore).

  • Margin at 13.1% versus 17.1% (Estimate 17.1%).

  • Net profit down 2.7% to Rs 49.9 crore versus Rs 51.3 crore (Estimate Rs 51 crore).

Bharat Forge Q3 (Consolidated, YoY)

  • Revenue down 10.12% to Rs 3,475 crore versus Rs 3,866 crore (Estimate Rs 3,770 crore).

  • Ebitda down 10.6% to Rs 624 crore versus Rs 698 crore (Estimate Rs 687 crore).

  • Ebitda margin down 9 bps to 17.95% versus 18.05% (Estimate 18.2%).

  • Net profit down 16.14% to Rs 213 crore versus Rs 254 crore (Estimate Rs 303 crore).

Landmark Cars Q3 (Consolidated, YoY)

  • Revenue up 24.6% to Rs 1,195 crore versus Rs 959 crore.

  • Ebitda up 2% to Rs 67 crore versus Rs 65 crore.

  • Margin at 5.6% versus 6.8%.

  • Net profit down 38% to Rs 11 crore versus Rs 18 crore.

Shivalik Bimetal Controls Q3 Highlights (Consolidated, YoY)

  • Revenue down 2.3% to Rs 123.28 crore versus Rs 126.21 crore.

  • Ebitda down 3% to Rs 24.55 crore versus Rs 25.18 crore.

  • Margin flat at 19.9%.

  • Net profit up 8% to Rs 18.24 crore versus Rs 16.96 crore.

  • The board of directors have approved an interim dividend of Rs 1.20 per share and fixed Feb. 20 as the record date for the same.

Suven Pharma Q3 Highlights (Consolidated, YoY)

  • Revenue up 39.7% to Rs 307.15 crore versus Rs 219.82 crore.

  • Ebitda up 78% to Rs 117.70 crore versus Rs 66.08 crore.

  • Margin at 38.3% versus 30.1%.

  • Net profit up 77% to Rs 82.88 crore versus Rs 46.75 crore.

SMS Pharmaceuticals Q3 Highlights (Consolidated, YoY)

  • Revenue up 7.4% to Rs 173.35 crore versus Rs 161.48 crore.

  • Ebitda up 15% to Rs 33.21 crore versus Rs 29 crore.

  • Margin at 19.2% versus 18%.

  • Net profit up 39% to Rs 17.08 crore versus Rs 12.29 crore.

S H Kelkar Q3 Highlights (Consolidated, YoY)

  • Revenue up 15.2% to Rs 543.21 crore versus Rs 471.68 crore.

  • Ebitda down 15% to Rs 64.54 crore versus Rs 75.86 crore.

  • Margin at 11.9% versus 16.1%.

  • Net profit down 46% to Rs 17.52 crore versus Rs 32.21 crore.

PTC India Q3 Highlights (Consolidated, YoY)

  • Revenue down 0.2% to Rs 3,420.81 crore versus Rs 3,428.01 crore.

  • Ebitda up 24% to Rs 309.59 crore versus Rs 249.72 crore.

  • Margin at 9.1% versus 7.3%.

  • Net profit up 63% to Rs 152.92 crore versus Rs 93.90 crore.

Bombay Burmah Trading Q3 Highlights (Consolidated, YoY)

  • Revenue up 8% to Rs 4,684.91 crore versus Rs 4,336.73 crore.

  • Ebitda up 9% to Rs 874.44 crore versus Rs 799.08 crore.

  • Margin at 18.7% versus 18.4%.

  • Net profit down 12% to Rs 338.98 crore versus Rs 386.57 crore.

  • Approved dividend of Rs 13 per share with record date as Feb. 21.

IIFL Finance Q3 Highlights (Consolidated, QoQ)

  • Total income down 4.4% to Rs 2,442.58 crore versus Rs 2,556.04 crore.

  • Net profit down 92% to Rs 40.70 crore versus Rs 490.44 crore.

Premier Explosives Q3 Highlights (Consolidated, YoY)

  • Revenue more than triples to Rs 165.92 crore versus Rs 44.56 crore.

  • Ebitda at Rs 15.44 crore versus Rs 4.88 crore.

  • Margin at 9.3% versus 11%.

  • Net profit up over five times to Rs 9.22 crore versus Rs 1.71 crore.

FDC Q3 Highlights (Consolidated, YoY)

  • Revenue up 1.3% to Rs 464.11 crore versus Rs 458.12 crore.

  • Ebitda down 44% to Rs 46.65 crore versus Rs 83.74 crore.

  • Margin at 10.1% versus 18.3%.

  • Net profit down 53% to Rs 37.04 crore versus Rs 79.18 crore.

Fineotex Chemical Q3 Highlights (Consolidated, YoY)

  • Revenue down 9.1% to Rs 125.92 crore versus Rs 138.45 crore.

  • Ebitda down 15% to Rs 34.29 crore versus Rs 40.35 crore.

  • Margin at 27.2% versus 29.1%.

  • Net profit down 16% to Rs 27.58 crore versus Rs 32.67 crore.

Jindal Worldwide Q3 (Consolidated, YoY)

  • Revenue up 42.6% to Rs 624 crore versus Rs 438 crore.

  • Ebitda up 0.1% to Rs 50.7 crore versus Rs 50.6 crore.

  • Margin at 8.1% versus 11.6%.

  • Net profit down 12.3% to Rs 18.4 crore versus Rs 21 crore.

Orchid Pharma Q3 (Consolidated, YoY)

  • Revenue down 1.37% to Rs 217 crore versus Rs 220 crore.

  • Ebitda down 24.05% to Rs 26.4 crore versus Rs 34.76 crore.

  • Ebitda margin down 363 bps to 12.16% versus 15.8%.

  • Net profit down 25.63% to Rs 22.45 crore versus Rs 30.19 crore.

P N Gadgil Jewellers Q3 Highlights (Consolidated, YoY)

  • Revenue up 23.5% to Rs 2,435.70 crore versus Rs 1,972.15 crore.

  • Net profit up 49% to Rs 86.03 crore versus Rs 57.60 crore.

  • Ebitda up 33% to Rs 122.71 crore versus Rs 92.12 crore.

  • Margin at 5.0% versus 4.7%.

Fiem Industries Q3 Highlights (Consolidated, YoY)

  • Revenue up 21.7% to Rs 593.09 crore versus Rs 487.28 crore.

  • Ebitda up 20% to Rs 77.56 crore versus Rs 64.88 crore.

  • Margin at 13.1% versus 13.3%.

  • Net profit up 16% to Rs 47.02 crore versus Rs 40.50 crore.

Valor Estate Q3 Highlights (Consolidated, YoY)

  • Net profit down 99% to Rs 4.6 crore versus Rs 464 crore.

  • Revenue up 131.5% to Rs 330 crore versus Rs 143 crore.

  • Ebitda down 77.7% to Rs 17.9 crore versus Rs 80.6 crore.

  • Margin at 5.4% versus 56.4%.

Sandhar Technologies Q3 Highlights (Consolidated, YoY)

  • Revenue up 9.5% to Rs 974 crore versus Rs 890 crore.

  • Ebitda up 7.2% to Rs 95 crore versus Rs 89 crore.

  • Ebitda margin at 9.7% versus 10%.

  • Net profit up 18.7% to Rs 30 crore versus Rs 25 crore.

Shriram Properties Q3 Highlights (Consolidated, YoY)

  • Revenue down 45.2% to Rs 121 crore versus Rs 221 crore.

  • Ebitda loss at Rs 15 crore versus profit of Rs 19 crore.

  • Net profit down 29.8% to Rs 13 crore versus Rs 19 crore. 

Ratnamani Metals Q3 Highlights (Consolidated, YoY)

  • Net profit down 1.2% to Rs 131 crore versus Rs 133 crore.

  • Revenue up 4.7% to Rs 1,316 crore versus Rs 1,257 crore.

  • Ebitda up 1.7% to Rs 204 crore versus Rs 200 crore.

  • Margin at 15.5% versus 15.9%.

Precision Wires Q3 Highlights (Consolidated, YoY)

  • Net profit up 5% to Rs 19 crore versus Rs 18 crore.

  • Revenue up 22.5% to Rs 979 crore versus Rs 799 crore.

  • Ebitda up 10.6% to Rs 36.9 crore versus Rs 33.3 crore.

  • Margin at 3.8% versus 4.2%.

Dollar Industries Q3 Highlights (Consolidated, YoY)

  • Revenue up 14.8% to Rs 381 crore versus Rs 332 crore.

  • Ebitda up 27.6% to Rs 41.6 crore versus Rs 32.6 crore.

  • Margin at 10.9% versus 9.8%.

  • Net profit up 12.8% to Rs 20 crore versus Rs 17.7 crore.

Entero Healthcare Q3 Highlights (Consolidated, YoY)

  • Revenue up 36.9% to Rs 1,359 crore versus Rs 993 crore.

  • Ebitda up 74.7% to Rs 49.8 crore versus Rs 28.5 crore.

  • Margin at 3.7% versus 2.9%.

  • Net profit up to Rs 25.4 crore versus Rs 6.7 crore.

Balaji Amines Q3 Highlights (Consolidated, YoY)

  • Revenue down 18.4% to Rs 312.73 crore versus Rs 383.36 crore.

  • Ebitda down 38% to Rs 45.71 crore versus Rs 74.20 crore.

  • Margin at 14.6% versus 19.4%.

  • Net profit down 33% to Rs 33.19 crore versus Rs 49.37 crore.

IOL Chemicals & Pharmaceuticals Q3 Highlights (Consolidated, YoY)

  • Revenue up 0.6% to Rs 523.30 crore versus Rs 520.39 crore.

  • Ebitda up 6% to Rs 46.87 crore versus Rs 44.35 crore.

  • Margin at 9% versus 8.5%.

  • Net profit down 11% to Rs 20.53 crore versus Rs 23.08 crore.

  • Board declares interim dividend of Rs 4 per share; record date set for Feb. 18.

SKF India Q3 Highlights (Consolidated, YoY)

  • Revenue up 15% to Rs 1,256 crore versus Rs 1,091 crore. (Estimate Rs 1,266 crore)

  • Ebitda down 30% to Rs 121 crore versus Rs 172 crore. (Estimate Rs 208 crore)

  • Margin at 9.7% versus 15.8%. (Estimate 16.4%)

  • Net profit down 17% to Rs 109 crore versus Rs 132 crore. (Estimate Rs 154 crore)

Endurance Tech Q3 Highlights (Consolidated, YoY)

  • Revenue up 11.6% to Rs 2,859 crore versus Rs 2,561 crore. (Estimate Rs 2,905 crore)

  • Ebitda up 24.5% to Rs 372 crore versus Rs 299 crore. (Estimate Rs 383 crore)

  • Margin at 13% versus 11.7%. (Estimate 13.2%)

  • Net profit up 21% to Rs 184 crore versus Rs 152 crore. (Estimate Rs 198 crore)

Crompton Greaves Consumer Electricals Q3 Highlights (Consolidated, YoY)

  • Revenue up 4.5% to Rs 1,769.21 crore versus Rs 1,692.69 crore. (Estimate Rs 1,804 crore)

  • Ebitda up 25% to Rs 187.93 crore versus Rs 149.80 crore. (Estimate Rs 180 crore)

  • Margin at 10.6% versus 8.8%. (Estimate 10%)

  • Net profit up 28% to Rs 109.84 crore versus Rs 85.99 crore. (Estimate Rs 109 crore)

S H Kelkar Q3 Highlights (Consolidated, YoY)

  • Revenue up 15.2% to Rs 543.21 crore versus Rs 471.68 crore.

  • Ebitda down 15% to Rs 64.54 crore versus Rs 75.86 crore.

  • Margin at 11.9% versus 16.1%.

  • Net profit down 46% to Rs 17.52 crore versus Rs 32.21 crore.

Godawari Power Q3 Highlights (Consolidated, YoY)

  • Revenue down 0.9% to Rs 1,297.60 crore versus Rs 1,308.92 crore.

  • Ebitda down 33% to Rs 221.15 crore versus Rs 330.91 crore.

  • Margin at 17% versus 25.3%.

  • Net profit down 37% to Rs 144.78 crore versus Rs 229.26 crore.

ITD Cementation Q3 Highlights (Consolidated, YoY)

  • Revenue up 11.3% to Rs 2,244.86 crore versus Rs 2,017.16 crore.

  • Ebitda up 1% to Rs 206.06 crore versus Rs 204.80 crore.

  • Net profit up 11% to Rs 87.02 crore versus Rs 78.39 crore.

Rashtriya Chemicals Fertilizers Q3 Highlights (Consolidated, YoY)

  • Revenue down 7.86% to Rs 4,518 crore versus Rs 4,903 crore.

  • Ebitda up 115.66% to Rs 179 crore versus Rs 83 crore.

  • Ebitda margin up 226 bps to 3.96% versus 1.69%.

  • Net profit up 627.27% to Rs 80 crore versus Rs 11 crore.

Godrej Industries Q3 Highlights (Consolidated, YoY)

  • Revenue up 34.4% to Rs 4,824.83 crore versus Rs 3,590.08 crore.

  • Ebitda up 113.5% to Rs 596.84 crore versus Rs 279.31 crore.

  • Margin at 12.4% versus 7.8%.

  • Net profit up 77% to Rs 188.20 crore versus Rs 106.41 crore.

Honasa Consumer Q3 Highlights (Consolidated, YoY)

  • Revenue up 6% to Rs 517.51 crore versus Rs 488.21 crore. (Estimate Rs 515 crore)

  • Ebitda down 24% to Rs 26.13 crore versus Rs 34.45 crore. (Estimate Rs 19 crore)

  • Margin at 5% versus 7.1%. (Estimate 3.7%)

  • Net profit flat at Rs 26 crore. (Estimate Rs 17 crore)

Natco Pharma Q3 Highlights (Consolidated, YoY)

  • Revenue down 37.4% to Rs 475 crore versus Rs 759 crore. (Estimate Rs 877 crore)

  • Ebitda down 86% to Rs 38.8 crore versus Rs 268 crore. (Estimate Rs 303 crore)

  • Margin at 8.2% versus 35.3%. (Estimate 34.5%)

  • Net profit down 37% to Rs 133 crore versus Rs 213 crore. (Estimate Rs 247 crore)

  • Approved interim dividend of Rs 1.5 per share; record date set for Feb. 18.

Earnings To Watch

Afcons Infrastructure, Allcargo Logistics, Anupam Rasayan India, BF Utilities, Capacite Infraprojects, Carborundum Universal, Concord Biotech, DCW, Deepak Nitrite, Godfrey Phillips India, Goodyear India, Gujarat Pipavav Port, Grindwell Norton, Harsha Engineers International, Hindustan Construction Co, HealthCare Global Enterprises, Hindalco Industries, IPCA Laboratories, India Tourism Development Corporation, ITI, KIOCL, KNR Constructions, Lloyds Engineering Works, Lloyds Enterprises, Lumax Auto Technologies, Lux Industries, Manappuram Finance, MMTC, Nazara Technologies, Pitti Engineering, Reliance Infrastructure, R Systems International, Sanghvi Movers, Senco Gold, SJVN, Sunflag Iron & Steel Co, TCPL Packaging, Titagarh Rail Systems, United Breweries, Venus Pipes & Tubes, and West Coast Paper Mills.

Stocks To Watch

  • Kotak Mahindra Bank: The Reserve Bank of India has communicated its decision to lift restrictions placed on the bank.

  • Bharat Forge: The company will partner with Liebherr to set up a manufacturing unit to address global aerospace industry demand.

  • NTPC Green Energy: ONGC and NTPC Green JV acquired Ayana Renewable Power for an enterprise value of Rs 19,500 crore.

  • Reliance Industries: The company has incorporated its arm in Singapore to set up a global capability centre to consolidate R&D operations. It will make an investment of $100,000 towards the initial subscription of shares.

  • Tata Power Co.: The company’s arm will partner with ONGC to explore joint opportunities in battery energy storage.

  • ICICI Bank: The company will retain its majority stake in ICICI Prudential AMC. The JV partner Prudential PLC plans to list its AMC unit.

  • Rites: The company has signed a memorandum of understanding with the Centre for Development of Advanced Computing to partner on IT solutions for consultancy works.

IPO Offerings

  • Ajax Engineering: The public issue was subscribed to 6.45 times on day three. The bids were led by qualified institutional investors (14.41 times), non-institutional investors (6.47 times), retail investors (1.93 times), employee reserved (2.62 times).

  • Hexaware Technologies: The public issue was subscribed to 0.03 times on day one. The bids were led by qualified institutional investors (0.04 times), non-institutional investors (0.01 times), retail investors (0.04 times), employee reserved (0.11 times).

Bulk Deals

  • Medi Assist Healthcare: Aditya Birla Sun Life Mutual Fund bought 5.1 lakh shares (0.72%) at Rs 492.99 apiece.

  • Prataap Snacks: Bharat Value Fund bought 6.11 lakh shares (2.55%) at Rs 1147.48 apiece, and Malabar India Fund Limited sold 1.58 lakh shares (0.66%) at Rs 1150.01 apiece.

  • Nazara Technologies: Ashika Credit Capital bought 4.47 lakh shares (0.58%) at Rs 915.16 apiece.

Insider Trading

  • Paisalo Digital: Promoter Equilibrated Venture Cflow Private Limited (Revised) bought 3.1 crore shares between Feb 10 to Feb 12.

  • Apollo Micro Systems: Promoter Karunakar Reddy Baddam created a pledge for 69.52 lakh shares on Feb 10.

  • Tarc: Promoter Muskaan Sarin bought 53,760 shares on Feb 10.

Trading Tweaks

  • Price Band Change from 20% to 10%: Alphageo (India).

  • Ex/dividend: Eris Lifesciences, NHPC, Page Industries.

  • Moved into short-term ASM framework: Blue Jet Healthcare.

  • Moved out of short-term ASM framework: AMI Organics, Bhageria Industries, Kamat Hotel, KPI Green Energy, Syrma SGS Technology.

F&O Cues

  • Nifty Feb futures are down by 0.09% to 23,123 at a premium of 78 points.

  • Nifty Feb futures open interest is up by 1.92%.

  • Nifty Options Feb. 13 Expiry: Maximum call open interest at 24,000 and maximum put open interest at 22,500.

  • Securities in ban period: Manappuram Finance.

Currency Update

Rupee ended muted against US Dollar on Wednesday. It weakened by 6 paise to close at 86.89. The domestic currency opened stronger against the US dollar, appreciating by 39 paise to start at 86.44.

On Tuesday, the rupee had closed at 86.83, strengthening by 65 paise. It had previously opened at 87.35, recovering from a significant drop to 87.92 on Monday, due to new US tariffs on steel and aluminum imports. The US administration’s 25% tariff announcement had triggered a flight to safety, boosting the dollar.

. Read more on Markets by NDTV Profit.The NSE Nifty 50 ended 26.55 points, or 0.12% lower at 23,045.25, and the 30-stock BSE Sensex ended 122.52 points, or 0.16% down at 76,249.54.  Read MoreMarkets, Business, Notifications 

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