2 weeks Ago
Here’s a quick look at stocks likely to be in focus in today's trade. Bharti Airtel : Bharti Airtel reported a remarkable 168 percent increase in its consolidated net profit for the quarter ended September 2024, reaching ₹ 3,593 crore, compared to ₹ 1,341 crore in the same quarter of the previous year. The average revenue per user (ARPU) for the quarter stood at ₹ 233, a rise from ₹ 203 in Q2 FY24, reflecting a 15 percent year-on-year increase.
The company’s revenue from operations surged to ₹ 41,473 crore, marking a 12 percent growth from ₹ 37,044 crore reported in the corresponding quarter last year. Additionally, the telecom giant experienced a 7.7 percent quarter-on-quarter revenue increase, driven by strong performance in India and consistent growth in Africa.
Adani Power: Adani Power reported a significant 50 percent decline in its consolidated net profit for the quarter ended September 2024, amounting to ₹ 3,298 crore, down from ₹ 6,594.17 crore in the previous year. However, revenue from operations rose by 3 percent to ₹ 13,339 crore, compared to ₹ 12,991 crore in the same quarter last year.
The company noted a substantial EBITDA growth, with continuing EBITDA increasing by 38 percent year-on-year to ₹ 11,692 crore in H1 FY25, and a 24.6 percent rise to ₹ 5,402 crore in Q2 FY25. Tata Technologies : Tata Technologies recorded a slight 2 percent dip in its consolidated net profit for the quarter ending September 30, 2024, totaling ₹ 157 crore, down from ₹ 160 crore in the previous year.
The company's revenue from operations increased by 2 percent year-on-year to ₹ 1,296 crore, compared to ₹ 1,269 crore in the same period last year. Operating EBITDA also saw a boost, rising 10 percent year-on-year to ₹ 235 crore, while EBITDA margins improved to 18.2 percent in the second quarter.
BHEL : Bharat Heavy Electricals Limited (BHEL) announced a consolidated net profit of ₹ 106 crore for the September quarter, rebounding from a loss of ₹ 63 crore in the same period last year. Revenue from operations soared by 28 percent to ₹ 6,584 crore, up from ₹ 5,125.29 crore reported a year earlier.
Notably, BHEL returned to profitability after reporting a loss of ₹ 211.40 crore in Q1 FY25. The company also saw a sequential revenue increase of 20 percent over the ₹ 5,485 crore reported in the April-June quarter.
Indian Oil Corporation : IOC experienced a dramatic 99 percent drop in standalone profit for the second quarter ended September 2024, with net profit falling to ₹ 180 crore from ₹ 12,967 crore in the same quarter last year. Revenue from operations decreased by 4 percent year-on-year to ₹ 1.95 lakh crore, compared to ₹ 2.
02 lakh crore a year ago. IOC reported an EBITDA of ₹ 3,773 crore for the July-September 2024 period, with EBITDA margins at 2.17 percent.
Sequentially, net profit plummeted 93 percent from ₹ 2,643 crore in the previous June quarter, while revenues fell 10 percent quarter-on-quarter. HDFC Bank : American multinational Citigroup sold HDFC Bank shares worth ₹ 275 crore through an open market transaction on Monday. Citigroup Global Markets Mauritius, acting on behalf of Citigroup, disposed of 1,579,953 shares of HDFC Bank at an average price of ₹ 1,742.
60 each, amounting to ₹ 275.32 crore. Ghisallo Master Fund LP acquired these shares at the same price.
JSW Infrastructure : J SW Infra reported a nearly 40 percent increase in consolidated net profit to ₹ 373.73 crore for the September quarter, up from ₹ 266.87 crore in the same quarter last year.
Total income rose to ₹ 1,088.19 crore, compared to ₹ 895.48 crore in the year-ago period, highlighting strong financial performance.
CarTrade Technologies : CarTrade saw a significant six-fold increase in its consolidated net profit, reaching ₹ 30.72 crore for the second quarter ended September 30, 2024, compared to ₹ 5.04 crore in the corresponding period last year.
Consolidated revenue from operations grew by 28 percent year-on-year to ₹ 154.2 crore, up from ₹ 120.01 crore reported in the same quarter a year ago.
Additionally, the company's EBITDA grew by 54 percent to ₹ 32.70 crore, showcasing robust financial growth. Federal Bank : Federal Bank reported an 11 percent rise in net profit for the September quarter, reaching ₹ 1,057 crore, compared to ₹ 954 crore in the same period last year.
The lender’s total income climbed to ₹ 7,541 crore in the reviewed quarter, up from ₹ 6,186 crore in the previous year’s corresponding quarter. The bank’s net interest income (NII) also increased, showing a 15 percent growth to ₹ 2,367 crore from ₹ 2,056 crore a year earlier, according to a regulatory filing. LIC Housing Finance : LIC Housing posted an 11 percent increase in consolidated net profit for the September quarter, amounting to ₹ 1,324 crore, compared to ₹ 1,192 crore in the same period last year.
Despite a 6 percent growth in assets under management, the company’s core net interest income saw a 6 percent decline, impacted by a drop in net interest margin (NIM), which fell to 2.71 percent from 3.04 percent in the previous year.
Sun Pharma : Sun Pharma achieved a 28 percent year-on-year increase in net profit, totaling ₹ 3,040 crore in Q2 FY25, driven by robust sales growth in its domestic formulation and global specialty portfolios. This compares to a net profit of ₹ 2,375.5 crore in the same quarter last year.
Revenue rose by 10.5 percent year-on-year, reaching ₹ 13,264 crore in Q2 FY25. The company's EBITDA surged 23.
9 percent to ₹ 3,939 crore in the quarter, with EBITDA margins improving by 350 basis points to 29.6 percent. CAMS : Computer Age Management Services (CAMS), a registrar and transfer agent for mutual funds, reported a substantial 45 percent increase in profit after tax, totaling ₹ 122.
5 crore for the September quarter. This is up from ₹ 84.51 crore in the same period of the previous fiscal.
Revenue from operations grew 33 percent year-on-year to ₹ 365.17 crore for the July-September quarter in FY25, rising from ₹ 275 crore in the year-ago quarter, the company announced..
