Stocks in Focus Today: Q3 Results and Big Corporate Moves
A number of listed Indian companies announced their quarterly results and key corporate updates, keeping market participants actively engaged. Here’s a concise overview of earnings performance and major business announcements.
Quarterly Earnings Highlights
Dr Reddy’s Laboratories
The pharmaceutical major reported a net profit of ₹1,209.8 crore, down 14.4 per cent year-on-year compared with ₹1,413.3 crore. However, revenue showed resilience, rising 4.4 per cent to ₹8,726.8 crore.
Eternal (formerly Zomato)
The company delivered a strong performance, with profit jumping to ₹102 crore from ₹59 crore, marking a sharp 72.9 per cent growth. Revenue surged over threefold to ₹16,315 crore, reflecting robust operational momentum.
Jindal Stainless
Net profit increased 26.6 per cent to ₹828.8 crore, while revenue rose 6.2 per cent to ₹10,517.6 crore, supported by steady demand and improved operational efficiency.
Bank of India
The public sector lender posted a 7.5 per cent rise in profit at ₹2,704.7 crore. Net interest income, a key revenue metric for banks, grew 6.4 per cent to ₹6,460.7 crore.
Bajaj Consumer Care
The FMCG company reported strong growth, with profit rising 83.2 per cent to ₹46.4 crore. Revenue also climbed 30.6 per cent to ₹306 crore on better volumes and margin improvement.
HPCL
Hindustan Petroleum recorded a profit of ₹4,011.4 crore, up 57.7 per cent year-on-year. Revenue increased 4.1 per cent to ₹1.15 lakh crore, supported by improved refining margins.
Waaree Energies
The renewable energy player delivered exceptional growth, with profit more than doubling to ₹1,062.5 crore. Revenue surged 118.8 per cent to ₹7,565 crore, driven by strong execution and order inflows.
PNB Housing Finance
The housing finance company posted a 10.5 per cent rise in profit at ₹521 crore. Net interest income increased 12.8 per cent to ₹757 crore.
Gravita India
Profit rose 25.3 per cent to ₹97.7 crore, while revenue saw modest growth of 2.1 per cent to ₹1,017.1 crore.
KEI Industries
The cables and wires manufacturer reported a 42.5 per cent jump in profit to ₹234.9 crore. Revenue increased 19.5 per cent to ₹2,954.7 crore on healthy demand.
Note: For banks, NBFCs, and other lenders, net interest income (NII) is considered a core component of revenue.
Key Corporate Announcements
Eternal (Zomato)
In a significant leadership transition, founder Deepinder Goyal has stepped down as Managing Director and CEO effective February 1, moving into the role of Vice Chairman. Albinder Singh Dhindsa, currently leading Blinkit, has been appointed as the new CEO.
Senco Gold
The jewellery retailer announced the acquisition of a 68 per cent stake in August Jewellery, the parent company of Melorra, for ₹68 crore. The move aims to strengthen Senco’s digital and online footprint. The company also secured IAGES accreditation across more than 100 stores for ethical business practices.
Amagi Media Labs
The cloud-based SaaS firm made a subdued stock market debut, with shares closing nearly 4 per cent below the issue price of ₹361 on the first day of trading.
RBL Bank
BofA Securities acquired close to a 1 per cent stake in RBL Bank through an open market transaction, purchasing shares worth approximately ₹178 crore from BNP Paribas Financial Markets.
Adani Green Energy
Global financial institutions Goldman Sachs and Société Générale jointly purchased 15.49 lakh shares of Adani Green Energy from BNP Paribas in a transaction valued at ₹136 crore.
Siddha Ventures
The Siddha Group announced its “Vision 2030” roadmap, targeting a 60 per cent expansion in residential development to 1.02 crore square feet. The expansion will include eight new projects across Kolkata, Mumbai, and Jaipur
(Disclaimer: The content above is provided solely for informational purposes and should not be treated as investment advice. SmartInvestment advises readers to consult a qualified financial advisor before making any investment or money-related decisions.).