Stocks To Watch: Nykaa, Lupin, NLC India, Quess Corp, Nazara Tech & More

On Wednesday, 7th February hot stocks like Nykaa, NLC India, V-Mart Retail, and Britannia Industries are among the top 10 stocks likely to be in focus of the market watchers.

Birla Corporation

In contrast to a net loss of Rs 50 crore in the same quarter of the previous fiscal year, Birla Corporation announced on Tuesday a consolidated net profit of Rs 109.14 crore for the third quarter of the current fiscal year. According to a stock exchange filing, the company's revenue increased by 15% year on year to Rs 2,328 crore in Q3FY24 from Rs 2,024 crore in Q3FY23. The company's cash profit of Rs 298 crore and EBITDA of Rs 395 crore for the December quarter, respectively, show year-on-year increases of 160% and 359%. For the December quarter, the company's operating profit margin from cement was 17%, and for the nine-month period, it was 13%.

Brigade Enterprises

Brigade Group revealed on Tuesday that revenue increased by 41% to Rs 1,208 crores in Q3 FY24 from Rs 859 crores in Q3 FY23. EBITDA increased by 20% to Rs 296 crores in Q3 FY24 from Rs 246 crores in Q3 FY23. Net profit increased by 31% to Rs 56 crores in Q3 FY24 from Rs 43 crores in Q3 FY23.

Lupin

The United States Food and Drug Administration (U.S. FDA) has approved Lupin Limited's Abbreviated New Drug Application for Bromfenac Ophthalmic Solution, 0.075%, allowing it to market a generic version of Sun Pharmaceutical Industries Limited's BromSite® Ophthalmic Solution, 0.075%. Lupin Limited made this announcement on Tuesday. For this product, Lupin is the sole first-to-file.

This product will be produced in Lupin's Indian plant in Pithampur. For individuals having cataract surgery, Bromfenac Ophthalmic Solution, 0.075% is recommended for the management of postoperative inflammation and for the prevention of ocular discomfort. According to IQVIA MAT December 2023, Bromfenac Ophthalmic Solution 0.075% (RLD BromSite®) has expected yearly sales of USD 15 million in the United States.

Navin Fluorine International

For the third quarter that ended on December 31, 2023, Navin Fluorine International Ltd. reported a 26.8% YoY decrease in net profit of Rs 78 crore. According to a regulatory statement by the company released on Tuesday, Navin Fluorine International reported a net profit of Rs 106.6 crore for the same quarter last year.

Compared to the same time in the previous fiscal year, when it was Rs 563.6 crore, the business's revenue from operations fell 11% to Rs 501.8 crore. In the third quarter of the current fiscal year, EBITDA dropped 51.3% to Rs 75.7 crore from Rs 156 crore during the same time in the previous fiscal year. The reporting quarter's EBITDA margin was 15.1%, down from the prior fiscal year's corresponding period's 27.7%.

NLC India

On Tuesday, February 6, NLC India Ltd (NLCIL) announced a net profit for the third quarter that ended on December 31, 2023, of Rs 250.4 crore. According to a regulatory report by the company, NLC India reported a net loss of Rs 406.7 crore for the same period in the previous year. In comparison to the same time in the previous fiscal year, when revenue from operations was Rs 3,679 crore, the company's revenue from operations fell 14% to Rs 3,164.4 crore. In comparison to Rs 1,359.7 crore during the same time in the previous fiscal year, EBITDA plummeted 33.5% to Rs 904.7 crore in the third quarter of the current fiscal year. During Q3FY24, the EBITDA margin was 28.6% compared to 37% in Q3FY23.

V-Mart Retail

The firm said on Tuesday that its Q3 revenues of Rs 889 crores increased 14% YoY and same-store sales rose 4% YoY. For the quarter, the company's PAT climbed by 41% YoY to Rs 28 crore, while EBITDA increased by 15% to Rs 120 crore. During the quarter, the company launched 20 new stores and closed 3 others, bringing the total number of outlets in India to 454.

Nazara Technologies

In comparison to Rs 314.8 Cr in Q3FY23, the company's revenue increased by 2% to Rs 320.4 Cr. EBITDA margin jumped by a strong 210 basis points to 11.8% in Q3FY24 from 9.7% in Q3FY23, while EBITDA climbed by 24% to Rs 37.7 Cr from Rs 30.5 Cr in Q3FY23. In Q3FY23, the company's PAT was Rs 29.5 Cr, up 47% from Rs 20.1 Cr, as per a regulatory filing statement of the company filed on Tuesday.

Quess Corp

The top provider of business services in India, Quess Corp Ltd, said on Tuesday that it has decided to sell its wholly-owned subsidiary, Qdigi Services Limited, to Onsitego, the country's top supplier of device care. The entire Qdigi team and company will be shifted to Onsitego as part of the deal. A total of Rs 80 cr in cash consideration would be provided to Quess, subject to usual closing adjustments. Quess aims to pick up a minority stake in Onsitego. Over the following two to three months, the deal is anticipated to be finished.

Nykaa

Nykaa announced on Tuesday that its net profit for the December quarter was Rs 17.5 crore, a 106 per cent rise over the same period last year from a net profit of Rs 8.5 crore in Q3FY23. The firm announced on February 6 that its revenue from operations had increased to Rs 1,788.8 crore from Rs 1,462.83 crore from Q3FY23. EBITDA increased 26.4% to Rs 99 crore in the December quarter from Rs 78 crore in the same period last year. The year-on-year improvement in the EBIT margin was 5.5% to 5.3%.

Britannia Industries

Britannia's operating profit is Rs 743 Crs, while its consolidated sales for the quarter ending December 31, 2023, were Rs 4,192 Crores, up 2% from the year-ago quarter. The company stated in a stock exchange statement on Tuesday that its consolidated revenue for the nine months ended December 31, 2023, is Rs 12,532 crore, up 3.6% from Q3FY23, and its operating profit is Rs 2,162 crore, up 15.6% from the same quarter of the previous fiscal.