2 weeks Ago
Here’s a quick look at stocks likely to be in focus in today's trade. Adani Enterprises : Adani Enterprises reported a remarkable 664 percent year-on-year (YoY) increase in consolidated net profit for the September quarter, posting ₹ 1,742 crore, a substantial jump from ₹ 228 crore in the previous year’s period. Revenue from operations for the quarter reached ₹ 22,608 crore, reflecting a 16 percent rise compared to ₹ 19,546 crore in the corresponding quarter of the previous financial year.
Additionally, the company’s board approved a ₹ 2,000 crore fundraising plan through the issuance of Non-Convertible Debentures (NCDs) in one or more tranches. On a sequential basis, Adani Enterprises’ net profit for Q2FY25 saw a 20 percent increase, up from ₹ 1,454.50 crore reported in Q1FY25.
Maruti Suzuki : Maruti Suzuki India Ltd. (MSIL) announced a 17 percent decline in standalone net profit for the September quarter, reporting ₹ 3,069 crore compared to ₹ 3,716.5 crore in the same period last year.
Maruti’s revenue from operations for the quarter amounted to ₹ 37,203 crore, marking a slight 0.37 percent increase compared to ₹ 37,062 crore in the year-ago period. During the quarter, Maruti Suzuki sold a total of 541,550 vehicles, comprising 463,834 in the domestic market and 77,716 for export.
While domestic sales volumes fell by 3.9 percent, export volumes witnessed a 12.1 percent growth year-on-year.
Cipla : Pharmaceutical major Cipla Ltd. reported a 15 percent growth in consolidated net profit for the quarter ended September 2024, reaching ₹ 1,303 crore, up from ₹ 1,131 crore in the same period the previous year. This result exceeded the ET Now poll estimates, which had predicted a net profit of ₹ 1,218 crore.
Cipla’s revenue from operations rose 6 percent YoY to ₹ 7,051 crore, compared to ₹ 6,678 crore in the corresponding period of the previous year. The company also saw a 12 percent YoY increase in EBITDA, which stood at ₹ 1,886 crore for the quarter. Canara Bank : Public sector lender Canara Bank reported an 11 percent rise in standalone net profit for the September quarter, posting ₹ 4,015 crore compared to ₹ 3,606 crore in the same quarter last year.
The bank’s interest income for Q2 FY25 reached ₹ 29,740 crore, representing an 11 percent growth from the ₹ 26,838 crore earned in the same period of the previous financial year. Torrent Pharma : Torrent Pharmaceuticals is set to witness a 2.9 percent stake sale by its promoter, valued at approximately ₹ 3,000 crore via a block deal scheduled for Wednesday.
The promoter plans to offer 8.27 million shares at a discount of 6 percent per equity share relative to the current market price, as reported by ET Now. This stake sale includes a greenshoe option for an additional 1.
65 lakh shares, accounting for 0.5 percent of the total equity. Kotak Securities and Citigroup are reportedly the bankers involved in the transaction.
HUDCO : The state-owned Housing and Urban Development Corporation (HUDCO) reported a robust 52 percent year-on-year increase in consolidated net profit for the September quarter, reaching ₹ 689 crore, up from ₹ 452 crore in the same quarter last year. Revenue from operations saw a 35 percent YoY growth, totaling ₹ 2,518 crore, compared to ₹ 1,865 crore in the corresponding period of the previous year. The company’s net interest income (NII) grew by 27 percent YoY to ₹ 797 crore, up from ₹ 627 crore in the year-ago period.
Marico : FMCG major Marico Ltd. posted a 20.27 percent increase in consolidated net profit for the September quarter, reporting ₹ 433 crore, compared to ₹ 360 crore in the same period last year.
The company’s revenue from operations grew by 7.6 percent YoY to ₹ 2,664 crore during the quarter, up from ₹ 2,476 crore a year earlier, as per its regulatory filing. Northern Arc Capital : Non-Banking Financial Company (NBFC) Northern Arc Capital, which was listed on the bourses last month, reported a 24 percent increase in consolidated net profit for the second quarter ended September 2024, with net profit reaching ₹ 96 crore, compared to ₹ 79 crore in the previous year’s corresponding quarter.
The company’s total income for the quarter stood at ₹ 585 crore, up from ₹ 437 crore in the same quarter last year. Northern Arc Capital’s net interest income (NII) for the quarter also saw an increase, rising to ₹ 288 crore from ₹ 196 crore reported in the year-ago quarter. Voltas : Voltas reported a 14.
26 percent increase in revenue, reaching ₹ 2,619 crore compared to ₹ 2,292 crore in the same period last year. The company’s EBITDA surged by an impressive 131.42 percent to ₹ 162 crore from ₹ 70 crore, leading to an EBITDA margin expansion of 313 basis points to 6.
18 percent. Net profit saw substantial growth, rising 269.44 percent year-on-year to ₹ 133 crore, up from ₹ 36 crore.
Prestige Estates Projects : Prestige recorded a revenue increase of 3.04 percent, totaling ₹ 2,304 crore against ₹ 2,236 crore in the year-ago period. EBITDA for the quarter grew by 6.
23 percent to ₹ 630 crore from ₹ 593 crore, with the EBITDA margin improving by 82 basis points to 27.34 percent. Despite these gains, net profit declined sharply by 74.
17 percent to ₹ 235 crore from ₹ 910 crore, primarily due to a deferred tax impact of ₹ 106 crore arising from the removal of indexation benefits on capital gains. MTAR Technologies : MTAR posted a 13.77 percent revenue growth, reaching ₹ 190 crore, though this figure fell short of Bloomberg’s estimate of ₹ 197 crore.
EBITDA rose modestly by 1.93 percent to ₹ 36.8 crore, lower than the estimated ₹ 43 crore.
The EBITDA margin contracted by 224 basis points to 19.36 percent. Net profit for the quarter increased by 25 percent to ₹ 6.
5 crore from ₹ 5.2 crore, yet it did not meet the anticipated ₹ 23 crore. Results Today : Several prominent companies are set to announce their Q2 results on Wednesday, including Larsen & Toubro, Tata Power, Procter & Gamble Hygiene & Health Care, Biocon, Dabur India, Aditya Birla Capital, Vardhman Textiles, IRB Infrastructure Developers, Sterlite Technologies, TTK Prestige, DCM Shriram, Grindwell Norton, Electrosteel Castings, Shalby, TCI Express, Indraprastha Medical Corp.
, and New India Assurance..
