
Several notable stocks are set to be in focus tomorrow due to Q3FY25 earnings announcements and key corporate developments. Here’s a roundup of the major companies making headlines:
Earnings Highlights
1.Dr. Reddy’s Laboratories
•Revenue grew 15.9% YoY to ₹8,358.6 crore, in line with expectations.
•Margins declined to 27.5% from 29.3% YoY, while net profit rose 2.5% to ₹1,413.3 crore.
2.Hindustan Petroleum Corporation Ltd (HPCL)
•Revenue rose 10% QoQ to ₹1.10 lakh crore, in line with estimates.
•Margins improved significantly to 5.4% from 2.7% QoQ, while net profit surged to ₹3,023 crore from ₹631 crore QoQ, slightly above estimates.
3.Amber Enterprises
•Delivered a strong beat with revenue up 64.8% YoY to ₹2,133.3 crore.
•Margins improved to 7.4% from 6.06% YoY, and net profit came in at ₹37 crore versus a loss of ₹0.5 crore last year.
4.United Spirits
•Revenue grew 14.4% YoY to ₹3,433 crore, above estimates.
•Margins were slightly lower at 16.6% versus 16.2% YoY, and net profit fell 4.3% to ₹335 crore.
5.Cyient
•Constant currency revenue growth stood at 2.40% QoQ.
•EBIT margin guidance for Q4FY25 was revised downward to 13.5% from 16%, while DET revenue growth guidance was lowered to -2.7% YoY in CC.
6.Mankind Pharma
•Net profit declined 16.2% YoY to ₹380.2 crore.
•Revenue rose 24% YoY to ₹3,230 crore, with EBITDA up 36.8% YoY to ₹830 crore. Margins improved to 25.7% from 23.3% YoY.
7.Mphasis
•Net profit inched up 1% QoQ to ₹427.8 crore, while revenue grew 0.7% QoQ to ₹3,561.3 crore.
•EBIT margins remained steady at 15.3% versus 15.4% QoQ.
Corporate Developments
1.Kotak Mahindra Bank
•Acquired Standard Chartered Bank India’s personal loan book for ₹3,330 crore.
2.Jyoti Structures
•Secured a project worth ₹741.28 crore from Power Grid Corporation of India.
3.Indus Towers
•Announced its entry into the EV charging infrastructure sector with pilot stations launched in Gurugram and Bengaluru.
4.Patanjali Foods
•FSSAI directed the company to recall a batch of red chili powder due to non-compliance with regulations.
5.Akums Drugs
•The IT Department conducted searches at the company’s offices, manufacturing units, and residences of senior executives. The company is awaiting official communication regarding the outcome.
6.HG Infra
•Incorporated a subsidiary for executing a highway project worth ₹763.1 crore in Uttar Pradesh.
With these developments, investors and analysts will closely monitor the earnings and updates for potential market movements.