Financial Insights That Matter
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:
Results Today
Tata Steel, UPL, Ather Energy, Bajaj Electricals, Happiest Minds Technologies, CARE Ratings, Chalet Hotels, JM Financial, Jyothy Labs, Krishna Institute of Medical Sciences, Krsnaa Diagnostics, Prudent Corporate Advisory Services, PVR Inox, Raymond, SRF, Vijaya Diagnostic Centre, and Zaggle Prepaid Ocean Services will release their March quarter earnings on May 12.
Quarterly Earnings
Swiggy Q4 (Consolidated YoY)
Loss widens to Rs 1,081.2 crore Vs loss of Rs 554.8 crore
Revenue surges 44.8% to Rs 4,410 crore Vs Rs 3,045.5 crore
Platform gross order value (B2C GOV) rises 40% to Rs 12,888 crore
Consolidated adjusted EBITDA loss increases to Rs 732 crore due to significant growth investments in quick-commerce
Bank of India Q4 (Standalone YoY)
Profit surges 82.5% to Rs 2,625.9 crore Vs Rs 1,438.9 crore
Net interest income grows 2.1% to Rs 6,062.7 crore Vs Rs 5,935.9 crore
Provisions and contingencies fall 26.7% to Rs 1,337.7 crore Vs Rs 1,826 crore
Gross NPA drops to 3.27% Vs 3.69% (QoQ)
Net NPA declines to 0.82% Vs 0.85% (QoQ)
Dr Reddy’s Laboratories Q4 (Consolidated YoY)
Profit zooms 22% to Rs 1,594 crore Vs Rs 1,307 crore
Revenue jumps 20.1% to Rs 8,506 crore Vs Rs 7,083 crore
Board recommends final dividend of Rs 8 per share
Navin Fluorine International Q4 (Consolidated YoY)
Profit soars 35% to Rs 95 crore Vs Rs 70.4 crore
Revenue grows 16.4% to Rs 701 crore Vs Rs 602 crore
Board recommends final dividend of Rs 7 per share.
Manappuram Finance Q4 (Consolidated YoY)
Loss stands at Rs 203.2 crore Vs profit of Rs 563.5 crore
Net interest income drops 6.7% to Rs 1,464.4 crore Vs Rs 1,569 crore
Impairment on financial instruments spike 389.4% to Rs 919.2 crore Vs Rs 187.8 crore
ABB India Q1CY25 (YoY)
Profit grows 3.3% to Rs 474.6 crore Vs Rs 459.3 crore
Revenue increases 2.6% to Rs 3,159.6 crore Vs Rs 3,080.4 crore
Orders rise to Rs 3,751 crore Vs Rs 3,607 crore
Order backlog jumps to Rs 9,958 crore Vs Rs 8,935 crore
Thermax Q4 (Consolidated YoY)
Profit grows 8.1% to Rs 205.7 crore Vs Rs 190.3 crore
Revenue jumps 11.6% to Rs 3,084.9 crore Vs Rs 2,763.7 crore
Board recommends dividend of Rs 14 per share
Birla Corporation Q4 (Consolidated YoY)
Profit zooms 32.7% to Rs 256.6 crore Vs Rs 193.3 crore
Revenue rises 6% to Rs 2,814.9 crore Vs Rs 2,654.4 crore
Board recommends dividend of Rs 10 per share
Board approves setting up of greenfield cement grinding unit with capacity of 2.80 million tons per annum at Gaya, Bihar
Great Eastern Shipping Company Q4 (Consolidated YoY)
Profit sinks 60% to Rs 363.1 crore Vs Rs 905.1 crore
Revenue falls 18.3% to Rs 1,223 crore Vs Rs 1,497.3 crore
Board declares interim dividend of Rs 5.40 per share
Reliance Power Q4 (Consolidated YoY)
Profit stands at Rs 125.6 crore Vs loss of Rs 397.6 crore
Revenue declines 0.9% to Rs 1,978 crore Vs Rs 1,996.7 crore
Electrosteel Castings Q4 (Consolidated YoY)
Profit drops 25.9% to Rs 168.3 crore Vs Rs 227.1 crore
Revenue slips 15.1% to Rs 1,700.7 crore Vs Rs 2,004.3 crore
Atul Auto Q4 (Consolidated YoY)
Profit zooms 34.1% to Rs 7.2 crore Vs Rs 5.3 crore
Revenue jumps 31.7% to Rs 211 crore Vs Rs 160.1 crore
Managan Cery 4 (YoY)
Profit declines 2.1% to Rs 16.9 crore Vs Rs 17.3 crore
Revenue rises 15% to Rs 502.9 crore Vs Rs 437.3 crore
Borosil Renewables Q4 (Consolidated YoY)
Loss narrows to Rs 20 crore Vs loss of Rs 48.07 crore
Revenue grows 31.9% to Rs 373.5 crore Vs Rs 283.2 crore
Apollo Pipes Q4 (Consolidated YoY)
Profit zooms 45.5% to Rs 9.8 crore Vs Rs 6.7 crore
Revenue jumps 23.2% to Rs 314.8 crore Vs Rs 255.6 crore
Other income soars to Rs 3.4 crore Vs Rs 0.3 crore
Tax expenses drop to Rs 3.3 crore Vs Rs 8.9 crore
Grindwell Norton Q4 (Consolidated Yoy)
Profit rises 0.2% to Rs 92.8 crore Vs Rs 92.7 crore
Revenue increases 2.7% to Rs 705.9 crore Vs Rs 687.4 crore
Board recommends dividend of Rs 17 per equity share
Hari Singudasu resigns as Chief Financial Officer
Board appoints Prakash Sabarad as Chief Financial Officer
Stocks to Watch
Yes Bank
Sumitomo Mitsui Banking Corporation (SMBC) will acquire a 20% stake in Yes Bank for Rs 13,482 crore at a price of Rs 21.50 per share from multiple banks. As per the share purchase agreement, SMBC will purchase a 13.19% stake from SBI, and the remaining 6.81% stake from HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, IDFC First Bank, Federal Bank, and Bandhan Bank.
Puravankara
The company has announced a joint venture with KVN Property Holdings LLP to develop a 24.59-acre land parcel in North Bengaluru. The estimated gross development value (GDV) of the project exceeds Rs 3,300 crore. Additionally, Mallanna Sasalu has been appointed CEO–South, effective May 9. Abhishek Kapoor has resigned as Executive Director and Group CEO, also effective May 9.
DLM
Anthony Montalbano has resigned as the Chief Executive Officer of the company, effective May 8.
NTPC Green Energy
The Board has approved the appointment of Sarit Maheshwari as Chief Executive Officer of the company, and the cessation of Rajiv Gupta as Chief Executive Officer, both effective May 10.
Bulk Deals
Angel One
BOFA Securities Europe SA has acquired a 1.68% stake in the company at an average price of Rs 2,293.21 per share. Meanwhile, Oxbow Master Fund, owned by Hong Kong-based investment advisor Oxbow Capital Management (HK), has sold a 1.68% stake at an average price of Rs 2,293.20 per share.
Nuvama Wealth Management
BOFA Securities Europe SA bought 2.59 lakh shares at an average price of Rs 5,930.43 per share. Oxbow Master Fund offloaded 2,60,414 shares at an average price of Rs 5,930.40 per share.
Block Deals
Mankind Pharma
Goldman Sachs (Singapore) Pte – ODI bought 55,000 shares of Mankind Pharma at an average price of Rs 2,434.10 per share from Copthall Mauritius Investment.
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