Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, order wins, and appointments, here’s a quick look at which stocks will be in focus in today's trade:
Reliance Industries, Maruti Suzuki India, RBL Bank, Tata Technologies, L&T Finance, Cholamandalam Investment and Finance, DCB Bank, Force Motors, Hindustan Zinc, Chennai Petroleum Corporation, Dr Lal PathLabs, Lloyds Metals and Energy, Bank of Maharashtra, Mahindra Lifespace Developers, Motilal Oswal Financial Services, Oracle Financial Services Software, Poonawalla Fincorp, Rossari Biotech, Shriram Finance, Tejas Networks, VST Industries, Zenotech Laboratories, and Zensar Technologies will release their quarterly earnings on April 25.
IDFC First Bank, Bhansali Engineering, Indiabulls Enterprises, India Cements, Mangalore Refinery and Petrochemicals, SBFC Finance, Ugro Capital, and Vakrangee will announce their quarterly earnings on April 26.
Axis Bank Q4 (Standalone YoY)
Profit declines 0.2% to Rs 7,117.5 crore Vs Rs 7,129.7 crore
Net interest income rises 5.5% to Rs 13,810.5 crore Vs Rs 13,089 crore
Provisions & Contingencies grow 14.7% to Rs 1,359.4 crore Vs Rs 1,185.3 crore
Provisions & Contingencies fall 36.9% to Rs 1,359.4 crore Vs Rs 2,155.6 crore (QoQ)
Gross NPA drops to 1.28% Vs 1.46% (QoQ)
Net NPA falls to 0.33% Vs 0.35% (QoQ)
Tech Mahindra Q4 (Consolidated QoQ)
Profit jumps 18.7% to Rs 1,166.7 crore Vs Rs 983.2 crore
Revenue rises 0.7% to Rs 13,384 crore Vs Rs 13,285.6 crore
EBIT increases 4.1% to Rs 1,405.3 crore Vs Rs 1,350.2 crore
EBIT margin expands to 10.5% Vs 10.2%
L&T Technology Services Q4 (Consolidated QoQ)
Profit falls 3.5% to Rs 311.1 crore Vs Rs 322.4 crore
Revenue grows 12.4% to Rs 2,982.4 crore Vs Rs 2,653 crore
EBIT declines 6.6% to Rs 3,939 crore Vs Rs 4,219 crore
Margin drops to 13.2% Vs 15.9%
Revenue in dollar terms increases 10.7% to $345.1 million Vs $311.9 million
Board recommends final dividend of Rs 38 per share for FY25
Company expects FY26 to be a better year than FY25, with a double-digit revenue growth in constant currency
Macrotech Developers Q4 (Consolidated YoY)
Profit surges 38.4% to Rs 922.8 crore Vs Rs 667 crore
Revenue rises 5.1% to Rs 4,224.3 crore Vs Rs 4,018.5 crore
Board recommends final dividend of Rs 4.25 per share
Cyient Q4 (Consolidated QoQ)
Profit zooms 39.3% to Rs 170.4 crore Vs Rs 122.3 crore
Revenue declines 0.9% to Rs 1,909.2 crore Vs Rs 1,926.4 crore
Other income stands at Rs 41 crore Vs other income (loss) at Rs 16.6 crore
Board recommends final dividend of Rs 14 per share
SBI Cards and Payment Services Q4 (YoY)
Profit drops 19.4% to Rs 534.2 crore Vs Rs 662.4 crore
Revenue rises 7.5% to Rs 4,674 crore Vs Rs 4,347.7 crore
Gross NPA ratio at 3.08%
Net NPA ratio at 1.46%
SBI Life Insurance Company Q4 (YoY)
Profit increases 0.3% to Rs 813.5 crore Vs Rs 810.8 crore
Net premium income falls 5% to Rs 23,860.7 crore Vs Rs 25,116.5 crore
Net commission grows 17.2% to Rs 997.8 crore Vs Rs 851.4 crore
Aavas Financiers Q4 (YoY)
Profit grows 7.8% to Rs 153.7 crore Vs Rs 142.6 crore
Net interest income jumps 14.5% to Rs 371.5 crore Vs Rs 324.5 crore
Nelco Q4 (Consolidated YoY)
Loss stands at Rs 4.08 crore Vs profit of Rs 6.12 crore
Revenue sinks 17.3% to Rs 67.5 crore Vs Rs 81.6 crore
Tanla Platforms Q4 (Consolidated YoY)
Profit drops 9.9% to Rs 117.3 crore Vs Rs 130.2 crore
Revenue grows 1.9% to Rs 1,024.4 crore Vs Rs 1,005.5 crore
Board declares second interim dividend of Rs 6 per share for FY25
Indian Energy Exchange (IEX) Q4 (Consolidated YoY)
Profit increases 21.1% to Rs 117.1 crore Vs Rs 96.7 crore
Revenue rises 17.3% to Rs 142.2 crore Vs Rs 121.3 crore
Stocks to Watch
The company has received a work order worth Rs 28 crore from Mahanadi Coalfields (MCL) for detailed engineering and project management consultancy services for the rail connectivity work related to the proposed Phase-II SILO at the Lakhanpur area of MCL.
The company’s subsidiary, POWERGRID Energy Services, has put an 85 MW solar PV power plant in Ujjain, Madhya Pradesh, into commercial operation effective April 24.
Container Corporation of India
Container Corporation of India has signed a Memorandum of Understanding (MoU) with GAIL (India) to develop LNG infrastructure at various CONCOR terminals across India, aimed at ensuring uninterrupted LNG fuel supply for CONCOR’s road transportation requirements.
The technology services and consulting company has announced the launch of its GitHub Center of Excellence (CoE) in Bengaluru, aimed at accelerating AI innovation.
The Board has approved a rights issue of 1.50 crore equity shares worth Rs 40.71 crore, with the issue price fixed at Rs 27 per share. The rights issue will open on May 13 and close on May 26.
Bharat Heavy Electricals (BHEL)
BHEL reported a minor fire incident on a garbage heap at its Bhopal unit. The situation was promptly attended to by the CISF fire team, with additional support from municipal fire tenders and the State Disaster Response Fund (SDRF) team. The fire was contained within the plantation area, and there was no damage to any machinery, plant, or property. No injuries or casualties occurred.
Gujarat Industries Power Company
The company has commissioned the first phase of a 25 MW group captive solar project out of a total planned 75 MW at Vastan.
Stocks Trade Ex-Dividend
Muthoot Finance
Sanofi India
Stock Trades Ex-Date for Split
Ami Organics
Stock Trades Ex-Date for Income Distribution (InvIT)
Intelligent Supply Chain Infrastructure Trust
Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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