Indian equity markets are set for an eventful trading session today, with several companies in the spotlight following their Q4 FY24-25 earnings reports, corporate actions, and block deals.
Positive earnings and developments
A host of companies reported strong YoY growth in net profit and revenue, signaling improving business fundamentals:
-
JK Lakshmi Cement, EID Parry, Black Box, Goodyear India, Triveni, Nuvama, Medplus, Hind Copper, and Supriya Lifescience delivered healthy quarterly numbers.
-
Precision Camshafts posted a sharp jump in net profit to ₹40.44 crore (vs ₹3.34 crore YoY) despite a fall in revenue.
-
NMDC Steel and ITI narrowed their losses YoY, while companies like Bodal Chem, Entero, and Time Technoplast posted robust performance.
-
Stake purchases by institutional investors in PGEL, Borana Weaves, Camlin Fine Sciences, and Cosmo First added to positive sentiment.
Corporate actions and strategic updates
-
Balrampur Chini Mills launched Balrampur Bioyug, India’s first PLA biopolymer brand.
-
Sonata Software entered into a partnership with Qualtrics to enhance customer experience solutions.
-
Jupiter Wagons’ subsidiary signed an MoU with Pickkup to accelerate EV adoption.
Neutral updates
-
Large-cap names like LIC, ITC, Bosch, P&G, and Bharti Airtel reported stable or mixed financials.
-
Tata Steel filed a fresh writ in the Delhi High Court seeking compensation related to coal block cancellation.
-
Vodafone Idea will consider a fundraising plan on May 30 amid mounting AGR dues.
-
Colgate, ITC, and Kennametal India are trading ex-dividend today, while Tata Consumer will go ex-dividend tomorrow.
Negative earnings
A few companies reported weaker quarterly performance:
-
Rico Auto, JTL Industries, Network People Services, Oriental Aromatics, and DCX Systems saw sharp declines in profits YoY.
Investors are likely to keep an eye on these stocks for potential price action as Q4 earnings season enters its final leg.
Disclaimer: The views and financial data presented in this article are based on publicly available information and do not constitute investment advice. Business Upturn does not recommend buying, selling, or holding any financial instruments.
