Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and order wins, here’s a quick look at which stocks will be in focus in today's trade:
JSW Steel, Hindustan Petroleum Corporation, Bank of India, InterGlobe Aviation, Godrej Consumer Products, DLF, AU Small Finance Bank, Aditya Birla Money, DAM Capital Advisors, DCB Bank, Fedbank Financial Services, Granules India, Jindal Saw, Laurus Labs, Shriram Finance, Solara Active Pharma Sciences, Supriya Lifescience, Torrent Pharmaceuticals, Trident, and Ugro Capital will release their quarterly earnings scorecard on January 24.
ICICI Bank, 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 will announce their quarterly earnings on January 25.
Dr Reddy's Laboratories Q3 (Consolidated YoY)
Profit rises 2.5% to Rs 1,413.3 crore Vs Rs 1,378.9 crore
Revenue grows 15.9% to Rs 8,358.6 crore Vs Rs 7,214.8 crore
EBITDA increases 8.9% to Rs 2,298.2 crore Vs Rs 2,110.7 crore
Margin drops 180 bps to 27.5% Vs 29.3%
Indus Towers Q3 (Consolidated YoY)
Profit zooms 160% to Rs 4,003.2 crore Vs Rs 1,540.5 crore
Revenue grows 4.8% to Rs 7,547.4 crore Vs Rs 7,199 crore
EBITDA jumps 93.2% to Rs 6,997.1 crore Vs Rs 3,621.6 crore
Margin expands sharply to 92.7% Vs 50.3%
Indus Towers plans a foray into EV charging infrastructure sector, launched pilot EV charging stations in Gurugram and Bengaluru
United Spirits Q3 (Consolidated YoY)
Profit falls 4.3% to Rs 335 crore Vs Rs 350 crore
Revenue grows 14.4% to Rs 3,433 crore Vs Rs 3,002 crore
EBITDA jumps 16.9% to Rs 568 crore Vs Rs 486 crore
Margin expands 30 bps to 16.5% Vs 16.2%
Exceptional loss at Rs 65 crore Vs Nil
Adani Green Energy Q3 (Consolidated YoY)
Profit grows 85.2% to Rs 474 crore Vs Rs 256 crore
Revenue increases 2.3% to Rs 2,365 crore Vs Rs 2,311 crore
Exceptional loss at Rs 16 crore Vs loss of Rs 100 crore
Tax credit at Rs 109 crore Vs tax expenses at Rs 68 crore
KFin Technologies Q3 (Consolidated YoY)
Profit zooms 35% to Rs 90.2 crore Vs Rs 66.8 crore
Revenue increases 32.6% to Rs 290 crore Vs Rs 218.7 crore
Mphasis Q3 (Consolidated QoQ)
Profit rises 1.06% to Rs 427.8 crore Vs Rs 423.3 crore
Revenue increases 0.7% to Rs 3,561.3 crore Vs Rs 3,536.1 crore
Mankind Pharma Q3 (Consolidated YoY)
Profit declines 16.2% to Rs 380.2 crore Vs Rs 453.8 crore
Revenue jumps 23.9% to Rs 3,230 crore Vs Rs 2,607 crore
Suryoday Small Finance Bank Q3 (YoY)
Profit plunges 41.8% to Rs 33.3 crore Vs Rs 57.2 crore
Net interest income grows 9.2% to Rs 268.3 crore Vs Rs 245.7 crore
Net NPA surges to 3.13% Vs 0.80% (QoQ)
Gross NPA jumps to 5.53% Vs 3.03% (QoQ)
Tejas Networks Q3 (Consolidated QoQ)
Profit drops 39.8% to Rs 165.7 crore Vs Rs 275.2 crore
Revenue declines 6% to Rs 2,642.2 crore Vs Rs 2,811.3 crore
Capri Global Capital Q3 (Standalone YoY)
Profit zooms 110.7% to Rs 108.1 crore Vs Rs 51.3 crore
Net interest income increases 12.6% to Rs 350.6 crore Vs Rs 311.4 crore
Ujjivan Small Finance Bank Q3 (YoY)
Profit sinks 63.8% to Rs 108.6 crore Vs Rs 300.1 crore
Net interest income grows 3.1% to Rs 886.7 crore Vs Rs 859.9 crore
Gross NPA rises to 2.68% Vs 2.52% (QoQ)
Net NPA unchanged at 0.56% (QoQ)
Ujjivan Small Finance Bank to apply for universal banking license
Hindustan Petroleum Corporation Q3 (Standalone QoQ)
Profit zooms 378.9% to Rs 3,022.9 crore Vs Rs 631.2 crore
Revenue grows 10.6% to Rs 1,10,505.4 crore Vs Rs 99,925.9 crore
Nippon Life India Asset Management Q3 (Standalone YoY)
Profit increases 11.87% to Rs 296.1 crore Vs Rs 264.7 crore
Revenue jumps 39% to Rs 545.4 crore Vs Rs 392.3 crore
Indian Energy Exchange Q3 (Consolidated YoY)
Profit jumps 16.9% to Rs 107.3 crore Vs Rs 91.8 crore
Revenue grows 14.5% to Rs 1,320.5 crore Vs Rs 1,153 crore
Spandana Sphoorty Financial Q3 (YoY)
Net loss at Rs 440 crore Vs profit at Rs 127 crore
Net interest income declines 14% to Rs 265 crore Vs Rs 309 crore
Gross NPA falls to 4.85% Vs 4.86% (QoQ)
Net NPA drops to 0.98% Vs 0.99% (QoQ)
Amber Enterprises India Q3 (Consolidated YoY)
Profit stands at Rs 37 crore Vs loss of Rs 0.51 crore
Revenue zooms 64.8% to Rs 2,133.3 crore Vs Rs 1,294.8 crore
Greaves Cotton Q3 (Consolidated YoY)
Profit tanks 64.1% to Rs 20.8 crore Vs Rs 58 crore
Revenue increases 12.85 to Rs 750.6 crore Vs Rs 665.4 crore
Sona BLW Precision Forgings Q3 (Consolidated YoY)
Profit grows 13.9% to Rs 151.2 crore Vs Rs 132.7 crore
Revenue increases 11% to Rs 867.9 crore Vs Rs 781.8 crore
Cyient Q3 (Consolidated QoQ)
Profit plunges 31.7% to Rs 122.3 crore Vs Rs 179.1 crore
Revenue grows 4.2% to Rs 1,926.4 crore Vs Rs 1,849.1 crore
Stocks To Watch
After receiving the necessary regulatory approvals, Kotak Mahindra Bank has completed the acquisition of the personal loan book of Standard Chartered Bank, India, for Rs 3,330 crore.
The company has received a notification of award for a project worth Rs 741.28 crore from PowerGrid Corporation of India. The project involves the design, detailing, testing, supply of towers, and all line materials, as well as the commissioning of Package 01 of the ± 800 kV HVDC Bipole Line between KPS2 (HVDC) and Nagpur (HVDC) on a total turnkey basis.
Bondada Raghavendra Rao, on behalf of the Bondada Group, has announced an MoU with the Assam government for establishing a hybrid renewable energy plant in Assam. The project, which aims to invest in hybrid projects under the UNNATI Scheme, is envisioned to be a 100 MW facility integrated with solar and wind power. The approximate investment for this project is set at Rs 450 crore.
Akums Drugs and Pharmaceuticals
The IT Department conducted a search at the offices and manufacturing units of the company, its subsidiaries, and the residences of the managing directors and the chief financial officer of the company between January 15 and January 21. The company has not yet received any written communication from the IT Department regarding the outcome of the search.
Rajeev Kumar Sinha has resigned as Global Chief Manufacturing Officer of the pharmaceutical company due to personal reasons, effective April 2, 2025.
Procter & Gamble Hygiene & Health Care
The company has changed its financial year from the 'July 1-June 30' period to the 'April 1-March 31' period. Accordingly, the current financial year of the company, 2024-25, will be a period of 9 months, starting on July 1, 2024, and ending on March 31, 2025.
IndiGo's market share in December 2024 increased to 64.4%, compared to 63.6% in November 2024. In the same period, the market share of SpiceJet rose to 3.3%, compared to 3.1%.
The food FMCG company has commenced operations at its integrated food processing plant in Haryana.
The company's subsidiary, Greenlam, has commenced commercial production of chipboard at its manufacturing facility in Naidupeta, Andhra Pradesh, effective January 23, 2025. The facility has an installed production capacity of 2,92,380 cubic meters per annum and has the potential to generate revenue of up to Rs 750 crore annually at full capacity utilization. The total capital expenditure incurred for the chipboard project is Rs 735 crore as of the commencement of commercial production.
The company has incorporated its subsidiary, HG Bahuvan Jagarnathpur Highway, a special purpose vehicle, for a road project worth Rs 763.1 crore in Uttar Pradesh.
The company has entered into a Memorandum of Understanding with EMCO for the acquisition of 2,54,800 square meters of land for industrial use in Nagpur.
Green Graphite Technologies Inc. has been awarded $682K in funding through the Ontario Vehicle Innovation Network’s (OVIN) R&D Partnership Fund – Electric Vehicle (EV) stream. This grant will support the advancement of Green Graphite's technology to produce high-purity natural graphite, a critical material in the manufacturing of lithium-ion batteries for EVs. Rain Carbon Canada Inc., a wholly owned subsidiary of Rain Industries, in collaboration with Green Graphite Technologies Inc., aims to refine and scale up its proprietary process for producing high-purity natural graphite battery anode materials, ensuring it meets the rigorous standards required for next-generation EV batteries.
SME Listing on January 24
EMA Partners India
Stock Trades Ex-Date for Bonus and Split
B N Rathi Securities
Stocks Trade Ex-Dividend
Mastek, Oberoi Realty, Vidhi Specialty Food Ingredients, Waaree Renewable Technologies, Control Print, DCM Shriram,
Stock Trades Ex-Date for Split
Insolation Energy
F&O Ban
Aditya Birla Fashion & Retail, Bandhan Bank, Can Fin Homes, Dixon Technologies, IndiaMART InterMESH, L&T Finance, Manappuram Finance, Mahanagar Gas, Punjab National Bank
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