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Stocks to watch: Shares of firms like ICICI Bank, IndiGo, NTPC, UltraTech, Adani Wilmar, and others will be in focus on Friday’s trade
Stocks To Watch
The markets continued their rebound from Wednesday, closing with modest gains on the weekly expiry day. Today, shares of companies such as IndiGo, JSW Steel, Adani Green, Indus Towers, Dr. Reddy’s, and Patanjali Foods will be in focus due to recent news developments and third-quarter earnings reports.
Earnings Reports Today:
ICICI Bank, IndiGo, NTPC, IDFC First Bank, Yes Bank, Balkrishna Industries, Gujarat Ambuja Exports, Go Fashion (India), JK Cement, Macrotech Developers, NTPC Green Energy, SBFC Finance, and Transport Corporation of India are scheduled to release their quarterly earnings on January 25.
Listings Today:
EMA Partners India is set to list on the NSE SME segment today.
Dr. Reddy’s Laboratories:
Dr. Reddy’s reported a 2.5% increase in consolidated Q3 profit, reaching Rs 1,413.3 crore, up from Rs 1,378.9 crore in the same period last year. Revenue grew 15.9% to Rs 8,358.6 crore, while EBITDA increased 8.9% to Rs 2,298.2 crore. However, EBITDA margin decreased by 180 basis points to 27.5% from 29.3%.
UltraTech Cement:
India’s largest cement maker, UltraTech Cement, saw a 17.3% decline in Q3 net profit to Rs 1,470 crore due to weaker price realizations despite higher volumes. Revenue rose marginally by 2.7% to Rs 17,193 crore year-on-year.
Indus Towers:
Indus Towers reported a significant increase in Q3 consolidated net profit, rising to Rs 4,000 crore from Rs 1,540 crore last year. Revenue grew to Rs 7,647 crore from Rs 7,199 crore. EBITDA stood at Rs 6,997 crore, with a notable increase in EBITDA margin to 92.71% from 50.31%.
HPCL:
HPCL’s standalone net profit surged to Rs 3,023 crore, significantly higher than Rs 630 crore in the previous quarter, surpassing estimates of Rs 2,945 crore. Revenue increased to Rs 1,18,000 crore, while EBITDA rose to Rs 5,970 crore with a margin of 5.04%, up from 2.52% in the previous quarter.
Adani Green Energy:
Adani Green Energy reported a Q3 net profit of Rs 492 crore, up from Rs 260 crore YoY. Revenue stood at Rs 2,365 crore, slightly higher than Rs 2,311 crore last year. EBITDA was Rs 1,601 crore, with an EBITDA margin of 67.70%, down from 72.09%.
United Spirits:
United Spirits’ Q3 standalone net profit rose to Rs 473 crore, surpassing estimates of Rs 405 crore. Revenue increased to Rs 3,433 crore, exceeding the expected Rs 3,380 crore. EBITDA grew to Rs 588 crore with a margin of 17.13%, up from 16.2% last year.
Tejas Networks:
Tejas Networks reported a Q3 standalone net profit of Rs 165 crore, compared to a loss of Rs 50.6 crore last year. Revenue surged to Rs 2,642 crore from Rs 539 crore, and EBITDA gained Rs 370 crore with an EBITDA margin of 14.04%.
Mankind Pharma:
Mankind Pharma’s Q3 consolidated net profit declined to Rs 380 crore from Rs 466 crore YoY. Revenue increased to Rs 3,230 crore, up from Rs 2,600 crore, and EBITDA stood at Rs 830 crore with a margin of 25.7%, up from 23.27%.
Amber Enterprises India:
Amber Enterprises reported a Q3 net profit of Rs 35.9 crore, up from a loss of Rs 4.8 crore last year. Revenue grew to Rs 2,133 crore from Rs 1,295 crore, and EBITDA increased to Rs 159 crore with a margin of 7.44%, up from 6.06%.
Suryoday Small Finance Bank:
Suryoday Small Finance Bank’s Q3 standalone net profit declined to Rs 33.3 crore from Rs 57.2 crore YoY. Interest earned rose to Rs 488 crore, but gross NPA increased to 5.53% from 3.03%, with net NPA at 3.13%.
Ujjivan Small Finance Bank:
Ujjivan Small Finance Bank’s Q3 standalone net profit fell to Rs 109 crore from Rs 300 crore YoY. Interest earned increased to Rs 1,591 crore, while gross NPA rose to 2.68% from 2.18%.
Greaves Cotton:
Greaves Cotton’s Q3 consolidated net profit dropped to Rs 20.8 crore from Rs 58 crore YoY. Revenue grew to Rs 751 crore, and EBITDA stood at Rs 39.4 crore with an EBITDA margin of 5.29%.
Nippon Life India AMC:
Nippon Life India AMC’s Q3 consolidated net profit rose to Rs 296 crore from Rs 284 crore YoY. Revenue increased to Rs 588 crore from Rs 423 crore.
Zee Entertainment Enterprises:
Zee Entertainment’s Q3 consolidated net profit surged to Rs 164 crore, up from Rs 58.5 crore YoY. EBITDA increased to Rs 320 crore with an EBITDA margin of 16.21%, up from 10.23%.
IEX:
IEX’s Q3 consolidated net profit rose to Rs 107 crore from Rs 92 crore YoY. Revenue grew to Rs 132 crore, and EBITDA increased to Rs 113 crore with an EBITDA margin of 85.66%.
HFCL:
HFCL secured an order worth Rs 2,168 crore during the quarter.
NHPC:
NHPC formed a joint venture, NHPC Green Energy, with Andhra Pradesh Power Generation Corp (APGENCO), holding equal 50:50 equity participation.
Adani Wilmar:
Adani Wilmar commenced operations at its food processing plant in Gohana.
Intellect Design Arena:
Intellect Design Arena entered into an agreement with Central 1 Credit Union, taking on responsibility for its digital banking operations.
Sona BLW Precision Forgings:
Sona BLW’s Q3 consolidated net profit rose to Rs 151 crore from Rs 133 crore YoY. Revenue increased to Rs 868 crore from Rs 782 crore, and EBITDA stood at Rs 234 crore with a margin of 27%.
Thyrocare Technologies:
Thyrocare Technologies’ Q3 consolidated net profit rose to Rs 19.1 crore, up from Rs 15.3 crore YoY. Revenue increased to Rs 166 crore, and EBITDA stood at Rs 41.7 crore with a margin of 25.11%.
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