Coforge Shares Surge 10% Amid Mixed Quarterly Earnings; United Breweries, Shoppers Stop Report Disappointing Results
Market Activity Driven by Corporate Developments and Earnings Updates
On May 6, several stocks remained in focus as corporate developments, earnings updates, and regulatory triggers drove market activity. Key companies reported significant changes in their quarterly profits and revenues, impacting their stock prices.
United Breweries Reports Decreased Revenue, Net Profit
United Breweries shares fell 4 percent on posting a 4.4% year-over-year (YoY) increase in Q4 net profit at ₹101.7 crore, compared to ₹97.4 crore in the same period last year. However, revenue declined 3.2% YoY to ₹2,247.8 crore from ₹2,321.4 crore.
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| Stock | Q4 Net Profit (YoY Change) | Revenue (YoY Change) |
|---|---|---|
| United Breweries | ₹101.7 crore (4.4%) | ₹2,247.8 crore (-3.2%) |
Raymond Realty Sees Strong Performance
Raymond Realty shares added 5 percent after posting a strong performance with Q4 net profit rising to ₹161 crore, up from ₹67 crore. Revenue surged 52.7% quarter-over-quarter (QoQ) to ₹1,156.8 crore from ₹757.6 crore.
| Stock | Q4 Net Profit (YoY Change) | Revenue (QoQ Change) |
|---|---|---|
| Raymond Realty | ₹161 crore | ₹1,156.8 crore (52.7%) |
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Shoppers Stop Reports Net Loss and Revenue Growth
Shoppers Stop share price declined 2 percent on reporting Q4 net loss of ₹16 crore, compared to a profit of ₹2 crore in the year-ago period. Despite this, revenue grew 13.7% YoY to ₹1,209.8 crore from ₹1,064 crore.
| Stock | Q4 Net Profit (YoY Change) | Revenue (YoY Change) |
|---|---|---|
| Shoppers Stop | ₹-16 crore | ₹1,209.8 crore (13.7%) |
Angel One Reports Mixed Operating Performance
Angel One shares down marginally on reporting mixed operating performance for April, with gross client acquisition declining 9.1% month-over-month (MoM) and 6.2% year-on-year (YoY) to 0.46 million. However, the overall client base continued to expand, rising 1.1% MoM and 20% YoY to 37.79 million. Meanwhile, the number of orders dipped 3% on a monthly basis but showed strong growth of 27.3% year-on-year, reaching 135.75 million.
| Metric | April | YoY Change |
|---|---|---|
| Gross Client Acquisition | 0.46 million | -9.1% (-6.2%) |
| Total Client Base | 37.79 million | 1.1% (20%) |
| Number of Orders | 135.75 million | -3% (27.3%) |
Coforge and Poonawalla Fincorp Report Strong Results
Coforge shares advanced 10 percent on delivering strong results with Q4 net profit rising 145% YoY to ₹612 crore from ₹250 crore. Revenue increased to ₹4,450 crore, up from ₹4,232 crore. Poonawalla Fincorp shares added 3 percent on reporting robust growth with Q4 net profit surging 309% YoY to ₹255 crore from ₹62 crore. Net Interest Income (NII) grew 72% YoY to ₹1,050 crore from ₹610 crore.
KEC International and Bharat Electronics Secure New Orders
KEC International share price surged more than 2 percent on securing new orders worth ₹1,002 crore across multiple business segments. Bharat Electronics (BEL) shares jumped 1 percent after winning an order worth ₹1,251 crore for the supply of GBMES to the Indian Army.
Market Participants Cautious on News Flow
Market participants said news flow remains a key driver in the current environment, with investors closely tracking corporate announcements and sector-specific triggers. With earnings season in progress, company-specific updates are expected to drive further volatility.
Investor Takeaway
Mixed quarterly earnings and disappointing results from some companies may impact investor sentiment.
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