*Stocks in News*
ONGC: The company reported a 45 percent YoY growth in revenue to Rs 1,45,685 crore in Q3FY22 driven by higher realisation in its core oil and gas business, Net profit zoomed 220% to Rs 11,637 crore, powered by strong growth in EBITDA margin. Both revenues from exploration & production (E&P) and retail & marketing businesses grew by 67 and 40 percent respectively, while EBITDA margin was up grew by 350 bps year-on-year to 14.7 percent.
TVS Motor: Promoter Sundaram Clayton on Friday sold around 95 lakh shares or 2% stake in the company at an average price of Rs 635.97 per share via open market transaction on the BSE. With this sale Sundaram Clayton stake will be at around 50.26% from 52.26% earlier.
Rategain Travel Technologies: The company turned profitable in Q3FY22 reporting profit at Rs 0.085 crore driven by strong growth in new contract wins, against loss of Rs 1.89 crore in previous quarter and loss of Rs 11.14 crore in year-ago period. Revenue grew by 57.4 percent to Rs 99.01 crore during the quarter as the company added 778 new clients and reported overall 215 percent growth in new contracts compared to the previous fiscal.
Kalpataru Power Transmission: Profit in Q3FY22 dropped 12.3 percent to Rs 270 crore YoY due to a challenging operating environment laden with inflated input prices and competitive pressure. Revenue rose 11 percent to Rs 3,889 crore YoY led by robust project execution in B&F, water and international T&D subsidiaries.
Indigo Paints: The company clocked 29.4 percent year-on-year jump in net profit at Rs 24.30 crore in Q3FY22 due to strong revenue growth and increase in product prices in mid-late Q3 to mitigate the sharp escalation in raw material prices. Revenue rose 26.6 percent to Rs 265.46 crore YoY.
VA Tech Wabag: The company reported 19.6 percent YoY growth in profit at Rs 45.49 crore as EBITDA margin improved by 180 bps YoY to 10.6 percent. Higher project mix of industrial & international orders and execution pace helped the company improve margins. Revenue drops 6.3% to Rs 745.48 crore YoY.
Force Motors: The net loss widened to Rs 39.90 crore in Q3FY22 against Rs 14.94 crore a year ago due to increase in raw material prices. Revenue jumped 57 percent to Rs 778 crore YoY in during the quarter.
Metropolis Healthcare: The company posted a 29.7 percent YoY decline in its net profit in Q3FY22 at Rs 41.21 crore as EBITDA margin dropped by 530 bps YoY to 27.5 percent due to increase investments in digital and marketing, manpower & customer experience initiatives in order to strengthen its brand. Revenue in Q3FY22 rose 6.6 percent to Rs 293 crore YoY with sharp drop in volumes from government contracts.