Earnings impact on stocks with Sun Pharma and others

Market players were tracking in different stocks such as Sun Pharma, oil India, Coal India and Jain Irrigation during today’s session as these were among companies which have reported their quarterly results yesterday, February 12, 2019

Sun Pharma has reported strong earning numbers.  The Company’s profit after tax grew 286.2 percent on year on year basis to Rs 1,241.85 crore in the Q3 ending 31-Dec-2018.

Coal India beat market estimates in results and the stock got impacted in the market today.  As per results, the company’s revenue grew by 15.7% to Rs25,046 crore, on year-on- year basis, while its net profit stood at Rs 4566 crore.

Oil India Limited reported profit after tax (PAT) for the quarter at Rs 1,233.5 crore, while it revenue declined 6.1 percent to Rs 3514 crore.

Country’s number-first micro irrigation company Jain Irrigation System Ltd reported a consolidated PAT of Rs91.5 crore for Q3FY19 v/s Rs67.3 crore, on YoY. The EBITDA margin arrived at 13.36 percent. 

Stock reacted with mixed set of percentages on these stocks.  At the market closing hours on Wednesday, Oil India gained 1.71% to end at Rs. 172.70 per share on the NSE.

In contrast, Sun Pharma traded lower by 1.81% and was settled at Rs. 428.70.  Coal India and Jain Irrigation also cracked 0.92% and 5.53% respectively. The shares of Coal India last quoted at Rs. 221 per share, while Jain irrigation were priced Rs. 51.25 per share on NSE, whose benchmark Nifty50 closed lower at 10794-mark down by 37 points  and Sensex slipped at 36034, down 119 points.