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Stocks to watch: Shares of firms like Tata Steel, Hindalco, Power Grid, Waaree, Wipro, RVNL, and others will be in focus on Friday’s trade
Stocks To Watch
The markets traded under pressure, losing over a percent, as they resumed their corrective trend after two days of gains. In today’s trade, shares of SBI, Tata Motors, Ola Electric, Vedanta, Indian Hotels among others will be in focus due to various news developments and second quarter results.
Results today
Several prominent companies are set to announce their Q2 results for the current fiscal on Friday, with key firms including Aarti Industries, Ashok Leyland, Bajaj Hindusthan Sugar, Cholamandalam Financial, ESAB India, and Fortis Healthcare. Other notable companies in focus are India Cements, MRF, Motherson Sumi, Info Edge, State Bank of India, Tata Motors, and Welspun Corp. These results are expected to attract considerable investor attention given the market significance of these firms across various sectors.
Cochin Shipyard: Cochin Shipyard reported a Q2FY25 net profit of Rs 193 crore, which is slightly lower than Rs 200 crore in the same period last year and Rs 180 crore from the previous quarter. Revenue for the quarter rose to Rs 1,097 crore from Rs 954 crore in Q2FY25 FY23. The company’s Ebitda was Rs 196 crore, showing a slight increase from Rs 195 crore in the previous year. However, the Ebitda margin declined to 17.87 per cent, compared to 20.43 per cent in Q2FY25 FY23. The company declared an interim dividend of Rs 4 per equity share.
Lupin: Lupin’s Q2FY25 net profit grew to Rs 850 crore, up from Rs 490 crore in the same period last year. Revenue for the quarter reached Rs 5,670 crore, compared to Rs 5,040 crore in Q2FY25 FY23. The company’s Ebitda grew to Rs 1,340 crore, up from Rs 920 crore in the previous year, with the Ebitda margin improving to 23.63 per cent from 18.21 per cent Y-o-Y.
Brigade Enterprises: Brigade Enterprises has signed a Joint Development Agreement (JDA) to develop 1 million square feet of residential apartments in West Chennai. The project is estimated to have a Gross Development Value (GDV) of about Rs 800 crore.
Astral: Astral reported a Q2FY25 net profit of Rs 110 crore, slightly lower than Rs 131 crore in the same period last year, but higher than Rs 120 crore in the previous quarter. Revenue increased marginally to Rs 1,370 crore from Rs 1,363 crore Y-o-Y. The company’s Ebitda for the quarter was Rs 210 crore, down from Rs 220 crore in the previous year, while the Ebitda margin declined to 15.33 per cent from 16.15 per cent Y-o-Y. Astral also declared an interim dividend of Rs 1.50 per share.
Emami: Emami posted a Q2FY25 net profit of Rs 210 crore, an increase from Rs 180 crore in the same period last year and Rs 150 crore in the previous quarter. Revenue for the quarter was Rs 890 crore, slightly up from Rs 865 crore Y-o-Y. Ebitda grew to Rs 250 crore from Rs 230 crore, with an Ebitda margin of 28.12 per cent, up from 27.02 per cent in Q2FY25 FY23. The company declared an interim dividend of Rs 4 per equity share.
RVNL: RVNL reported a Q2FY25 net profit of Rs 290 crore, down from Rs 394 crore in the same period last year but up from Rs 220 crore in the previous quarter. Revenue decreased slightly to Rs 4,850 crore from Rs 4,914 crore Y-o-Y. Ebitda fell to Rs 270 crore from Rs 300 crore, with the Ebitda margin declining to 5.59 per cent from 6.07 per cent in Q2FY25 FY23.
Indian Metals & Ferro Alloys (IMFA): Indian Metals & Ferro Alloys reported a Q2FY25 net profit of Rs 125 crore, up from Rs 89.2 crore in the same period last year and Rs 113 crore in the previous quarter. The company’s revenue remained flat at Rs 690 crore, compared to the same period last year. Ebitda increased to Rs 170 crore from Rs 150 crore Y-o-Y, with the Ebitda margin rising to 24.63 per cent, up from 21.69 per cent in Q2FY25 FY23.
Mahanagar Gas: Mahanagar Gas has entered into a partnership for cell manufacturing with International Battery Co., India Pvt Ltd. As part of this deal, Mahanagar Gas will hold at least 40 per cent of IBC India, with an investment of Rs 230 crore in the venture.
Cummins India: Cummins India delivered a solid Q2FY25 performance with a net profit of Rs 450 crore, up from Rs 330 crore in the same period last year and Rs 420 crore in the previous quarter. The company’s revenue increased to Rs 2,450 crore, compared to Rs 1,870 crore in Q2FY25 FY23. The Ebitda rose to Rs 480 crore from Rs 339 crore last year, and the Ebitda margin improved to 19.65 per cent, up from 18.12 per cent in Q2FY25 FY23.
Wipro: Wipro launched the ‘Google Gemini Experience Zone’ in Bengaluru to drive AI innovation for enterprises. This zone will offer businesses a chance to leverage Google’s cutting-edge AI technologies to improve their operations.
Adani Enterprises: Adani Enterprises announced that the National Company Law Tribunal (NCLT) in Ahmedabad has sanctioned the merger of its subsidiary Stratatech Mineral Resources Pvt Ltd (SMRPL) with Mahan Energen Ltd (MEL), marking an important restructuring step in the company’s operations.
NHPC: NHPC’s Q2FY25 net profit declined to Rs 91 crore, from Rs 154.6 crore in Q2FY25 FY23. Revenue increased slightly to Rs 305 crore from Rs 293 crore in the same period last year. Ebitda grew to Rs 180 crore, up from Rs 177 crore, though the Ebitda margin slipped to 58.95 per cent from 60.32 per cent Y-o-Y.
Uniparts India: Uniparts India reported a decline in Q2FY25 net profit to Rs 21.1 crore, compared to Rs 33 crore in Q2FY25 FY23. Revenue also decreased to Rs 240 crore from Rs 294 crore Y-o-Y. Ebitda dropped to Rs 36.58 crore from Rs 53.6 crore last year, and the Ebitda margin contracted to 15.15 per cent, down from 18.26 per cent in Q2FY25 FY23.
Emcure Pharma: Emcure Pharma posted a Q2FY25 net profit of Rs 190 crore, up from Rs 140 crore in the same period last year. Revenue for the quarter grew to Rs 2,000 crore, compared to Rs 1,660 crore in Q2FY25 FY23. Ebitda rose to Rs 380 crore from Rs 330 crore Y-o-Y while the Ebitda margin decreased slightly to 19.02 per cent from 19.79 per cent in the previous year.
VA Tech Wabag: VA Tech Wabag’s Q2FY25 net profit stood at Rs 70.6 crore, compared to Rs 60.2 crore in Q2FY25 FY23. Revenue for the quarter was Rs 70 crore, up from Rs 66.5 crore Y-o-Y. Ebitda increased to Rs 98.9 crore from Rs 86.4 crore last year, with an Ebitda margin of 14.12 per cent, compared to 12.99 per cent Y-o-Y.
NCC: NCC reported a Q2FY25 net profit of Rs 163 crore, up from Rs 77.3 crore in the same period last year.
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