Indian stock markets are expected to track a busy earnings and corporate announcements calendar on May 12, with several companies reporting quarterly results, order wins, margin changes, and strategic developments. Stocks likely to remain in focus include ONGC, Oil India, Indian Hotels, Syrma SGS, JBM Auto, Afcons Infrastructure, HFCL, Paradeep Phosphates, JSW Energy, Groww and others.
ONGC, Oil India
Oil and gas producers ONGC and Oil India will remain in focus after the government reduced effective royalty rates on oil and gas production. The development is expected to impact upstream energy companies.
Indian Hotels
Indian Hotels reported a 13.5% rise in EBITDA and said it expects double-digit revenue growth in FY27. The hospitality company’s commentary on future growth outlook will be tracked by investors.
Syrma SGS
Syrma SGS posted Q4 results above estimates, with revenue rising 59% year-on-year.
JBM Auto
JBM Auto reported a 20% increase in EBITDA, while margin improved to 12.8% from 11.97% in the corresponding period last year.
Afcons Infrastructure
Afcons Infrastructure said it has emerged as the lowest bidder for a project worth ₹7,544 crore.
HFCL
HFCL secured export orders worth ₹184 crore from international customers.
Paradeep Phosphates
Paradeep Phosphates reported a 15.4% rise in EBITDA, while revenue increased 12% year-on-year.
HG Infra
HG Infra received an order worth ₹3,931.11 crore for a six-lane highway corridor project.
Fractal Analytics
Fractal Analytics reported a 47 basis points year-on-year increase in gross margin, while EBITD rose 40.2% quarter-on-quarter.
Nuvama
Nuvama’s wealth management business revenue increased 12.65% quarter-on-quarter, while net profit rose 6% sequentially.
Anant Raj
Anant Raj posted a 17.6% increase in EBITDA, while net profit rose 23.6% year-on-year.
Abbott India
Abbott India reported margin expansion to 28% from 26.7%, while EBITDA increased 12.2% year-on-year.
Butterfly Gandhi
Butterfly Gandhi reported a 19.6% rise in EBITDA. Margin improved to 8.94% from 8.71% in the year-ago period.
GE Power India
GE Power India reported positive EBITDA, while revenue increased 19% year-on-year.
Voltas
Voltas said bank guarantees worth ₹433.6 crore will be returned to the company in a case involving the joint venture of OHL International.
Vascon Engineers
Vascon Engineers reported a 61% decline in EBITDA, while margin fell to 6% from 11% year-on-year.
JSW Energy
JSW Energy reported an 8.8% decline in profit, with Q4 performance remaining muted compared to estimates.
Heritage Foods
Heritage Foods reported a 34.6% decline in EBITDA, while margin narrowed to 4.5% from 7.6% year-on-year.
JB Chemicals & Pharmaceuticals
JB Chemicals reported an 11.2% decline in EBITDA, while margin fell to 22.2% from 23.9% in the year-ago period.
The New India Assurance
The New India Assurance reported a combined ratio of 118.34 compared to 111.46 earlier, while gross written premium rose 1.63% year-on-year.
Groww
Online investment platform Groww will remain in focus after PE and VC investors planned to sell a 4.3% stake worth ₹4,750 crore through block deals. The floor price is reportedly set at an 8.5% discount to the current market price.
G R Infraprojects
G R Infraprojects reported margin contraction to 14.7% from 24%, while EBITDA declined 32.4% year-on-year.