29 Jan , 2025 By : Debdeep Gupta
Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
Results Today
Maruti Suzuki India, Tata Motors, Bajaj Finance, Adani Power, Ambuja Cements, ACME Solar Holdings, ASK Automotive, Blue Dart Express, Blue Star, Brigade Enterprises, Computer Age Management Services, CarTrade Tech, Chalet Hotels, Deepak Fertilisers, Indian Bank, JK Paper, Jindal Stainless, KPIT Technologies, Olectra Greentech, Hitachi Energy India, Quess Corp, Raymond, Samhi Hotels, SRF, TeamLease Services, Voltas, and Allied Blenders and Distillers will release quarterly earnings scorecard on January 29.
Quarterly Earnings
Bajaj Auto Q3 (Standalone YoY)
Profit grows 3.3% to Rs 2,108.7 crore Vs Rs 2,041.9 crore
Revenue increases 5.7% to Rs 12,807 crore Vs Rs 12,113.5 crore
EBITDA climbs 6.2% to Rs 2,580.7 crore Vs Rs 2,430 crore
Margin expands by 10 bps to 20.2% Vs 20.1%
Mahindra & Mahindra Financial Services Q3 (Standalone)
Profit zooms 63% to Rs 899 crore Vs Rs 553 crore
Net interest income grows 16% to Rs 2,099 crore Vs Rs 1,815 crore
Disbursements jump 7% to Rs 16,467 crore Vs Rs 15,436 crore
Gross loan book increases 19% to Rs 1,15,126 crore Vs Rs 97,048 crore
Suzlon Energy Q3 (Consolidated YoY)
Profit surges 90.4% to Rs 386.9 crore Vs Rs 203.2 crore
Revenue zooms 90.6% to Rs 2,974.8 crore Vs Rs 1,560.5 crore
JSW Energy Q3 (Consolidated YoY)
Profit tanks 32.2% to Rs 157.5 crore Vs Rs 232.2 crore
Revenue declines 5.6% to Rs 2,400 crore Vs Rs 2,542.8 crore
JSW Energy to raise long-term funds to Rs 3,000 crore via NCDs
GMR Airports Q3 (Consolidated YoY)
Profit stands at Rs 202.1 crore Vs loss of Rs 486.4 crore
Revenue grows 19.2% to Rs 2,653.2 crore Vs Rs 2,226.7 crore
Exide Industries Q3 (Standalone YoY)
Profit rises 2% to Rs 245 crore Vs Rs 240.3 crore
Revenue increases 0.2% to Rs 3,848.6 crore Vs Rs 3,840.5 crore
Company to further invest Rs 300 crore in subsidiary Exide Energy Solutions
Exide Energy Solutions to set up a green field multi-gigawatt Lithium-ion cell manufacturing facility in India.
Ami Organics Q3 (Consolidated YoY)
Profit spikes 155.1% to Rs 45.4 crore Vs Rs 17.8 crore
Revenue grows 65.2% to Rs 275 crore Vs Rs 166.4 crore
EBITDA jumps 159% to Rs 68.7 crore Vs Rs 26.5 crore
Margin expands to 25% Vs 15.9%
Home First Finance Q3 (YoY)
Profit grows 23.6% to Rs 97.4 crore Vs Rs 78.8 crore
Net interest income increases 17.7% to Rs 142.4 crore Vs Rs 120.99 crore
Company to raise to Rs 1,250 crore via QIP or other permissible modes
Bharat Heavy Electricals (BHEL) Q3 (Consolidated YoY)
Profit surges 123.3% to Rs 134.7 crore Vs Rs 60.3 crore
Revenue increases 32.2% to Rs 7,277.1 crore Vs Rs 5,503.8 crore
EBITDA jumps 40.5% to Rs 304.2 crore Vs Rs 216.5 crore
Margin expands to 4.2% Vs 3.9%
Bosch Q3 (Standalone YoY)
Profit declines 11.6% to Rs 458.2 crore Vs Rs 518.1 crore
Revenue grows 6.2% to Rs 4,465.7 crore Vs Rs 4,205.2 crore
Company to sell Building Technology’s product business to a fellow subsidiary Keenfinity India for Rs 595 crore
Colgate Palmolive Q3 (YoY)
Profit drops 2.2% to Rs 322.8 crore Vs Rs 330.1 crore
Revenue grows 4.7% to Rs 1,461.8 crore Vs Rs 1,395.7 crore
Toothpaste segment reports mid-single-digit intrinsic volume growth
Motilal Oswal Financial Services Q3 (Consolidated YoY)
Profit slips 14.5% to Rs 564.5 crore Vs Rs 660 crore
Revenue grows 11.6% to Rs 1,998.6 crore Vs Rs 1,791.3 crore
The Company declares an interim dividend of Rs 5 per share
Le Travenues Technology (Ixigo) Q4 (Consolidated YoY)
Profit plunges 49.3% to Rs 15.5 crore Vs Rs 30.1 crore
Deferred tax expense at Rs 5.9 crore Vs deferred tax gain of Rs 16.8 Crore
Revenue zooms 42% to Rs 241.8 crore Vs Rs 170.5 crore
Mahanagar Gas Q3 (Standalone YoY)
Profit falls 20.3% to Rs 225.4 crore Vs Rs 282.8 crore
Revenue rises 2.7% to Rs 1,757.6 crore Vs Rs 1,711.6 crore
Volumes increase 1.84% to 4.12 mmscmd Vs 4.04 mmscmd
UTI Asset Management Company Q3 (Consolidated YoY)
Profit falls 18.9% to Rs 150.7 crore Vs Rs 185.7 crore
Revenue declines 7% to Rs 417.6 crore Vs Rs 449 crore
Som Distilleries Breweries Q3 (Consolidated YoY)
Profit grows 19.6% to Rs 21.5 crore Vs Rs 18 crore
Revenue increases 13.1% to Rs 301.1 crore Vs Rs 266.3 crore
SBI Cards and Payment Services Q3 (YoY)
Profit tanks 30.2% to Rs 383.2 crore Vs Rs 549.1 crore
Revenue falls 0.1% to Rs 4,618.7 crore Vs Rs 4,621.7 crore
Piramal Pharma Q3 (Consolidated YoY)
Profit plunges 63.6% to Rs 3.68 crore Vs Rs 10.1 crore
Revenue grows 12.5% to Rs 2,204.2 crore Vs Rs 1,958.6 crore
PDS Q3 (Consolidated YoY)
Profit zooms 70.5% to Rs 24.9 crore Vs Rs 14.6 crore
Revenue grows 21.1% to Rs 3,124.9 crore Vs Rs 2,579.8 crore
The company signed Share Purchase and Shareholders' Agreements to acquire a 55% equity stake in Knit Gallery India
VIP Industries Q3 (Consolidated YoY)
Loss stands at Rs 12.4 crore Vs profit of Rs 7.2 crore
Revenue declines 8.3% to Rs 501 crore Vs Rs 546.4 crore
CE Info Systems (MapmyIndia) Q3 (Consolidated YoY)
Profit grows 4.1% to Rs 32.3 crore Vs Rs 31.04 crore
Revenue jumps 24.5% to Rs 114.5 crore Vs Rs 92.02 crore
Star Health and Allied Insurance Company Q3 (YoY)
Net profit falls 25.7% to Rs 215.14 crore Vs Rs 289.6 crore
Premium earned (net) grows 15.4% to Rs 3,799.7 crore Vs Rs 3,293.6 crore
Underwriting loss at Rs 48.98 crore Vs underwriting profit of Rs 114 crore
Operating profit drops 45.8% to Rs 152.51 crore Vs Rs 281.4 crore
Stocks To Watch
ITD Cementation
The Competition Commission of India has approved the acquisition of up to 72.64% shareholding in ITD Cementation India by Renew Exim DMCC. Renew Exim DMCC, incorporated in Dubai, United Arab Emirates, belongs to the Adani group. Renew Exim DMCC will acquire 46.64% equity (8.01 crore shares) in ITD Cementation India and has launched an open offer for the further acquisition of up to 26% equity (4.46 crore shares) of ITD Cementation.
OneSource Specialty Pharma
The company has received an Establishment Inspection Report (EIR) with a Voluntary Action Indicated (VAI) status from the US Food and Drug Administration (USFDA) for its BLD facility in Bangalore. The inspection of the facility was conducted from November 14-22, 2024.
Lloyds Enterprises
The Board has approved further investment to acquire a 12.25% equity stake in Lloyds Infrastructure and Construction. The cost of acquisition is Rs 14.2 crore. Post-acquisition, Lloyds Enterprises' stake in Lloyds Infrastructure will increase to 24.5%.
IDFC First Bank
The Board has appointed Nitin Chauhan as the Chief Information Security Officer of the bank, effective January 28.
HG Infra Engineering
The company's subsidiary, HG Green Energy, has transferred 26% of its partial stake from 8 subsidiaries to Stockwell Solar Services. After the stake transfer, these eight entities ceased to be wholly owned subsidiaries of the company; however, they continue to be subsidiaries of the company.
Grasim Industries
The State Tax Officer, Tamil Nadu, inspected the marketing office and the depot of the company's cellulosic fashion yarn business in Salem on January 22. Subsequently, on January 25, the GST officer passed an order and seized depot records, alleging discrepancies between records available on the GST portal and documents furnished by the company. The order is not expected to impact the company’s financials, operations, or other activities.
Mainboard Listing on January 29
Denta Water and Infra Solutions
SME Listing on January 29
Rexpro Enterprises
Stock Trades Ex-Date for Bonus
Technopack Polymers
Stocks Trade Ex-Dividend
Bharat Petroleum Corporation, MPS
Stocks Trade Ex-Date for Income Distribution
Intelligent Supply Chain Infrastructure Trust, Mindspace Business Parks REIT
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