Indian equity markets are likely to track several earnings-driven and corporate-specific developments on May 25. Companies including Hindalco Industries, Torrent Pharmaceuticals, Divi’s Laboratories, Eicher Motors, and RBL Bank are expected to remain in focus following quarterly earnings announcements and business updates.
Hindalco Industries
Hindalco Industries reported an 88% year-on-year increase in standalone net profit for the fourth quarter. Profit rose to ₹2,934 crore from ₹1,561 crore in the corresponding period last year.
The company’s earnings growth reflected improved operational performance during the quarter.
Torrent Pharma
Torrent Pharmaceuticals reported revenue growth of 41.8% year-on-year, lower than street expectations of 46%.
The company said profit was impacted due to higher depreciation and finance costs. The quarterly figures also included the consolidation of JB Chemicals.
EBITDA came in at ₹1,356 crore, marginally above estimates of ₹1,304 crore.
Divi’s Laboratories
Divi’s Laboratories posted quarterly results that were largely in line with expectations.
Revenue increased 10% year-on-year, supported by growth in segments including custom synthesis. EBITDA stood at ₹934 crore, broadly in line with estimates.
Net profit rose 13%, exceeding projections of 8%, while margins remained within the expected 32% to 34% range at 33%.
Eicher Motors
Eicher Motors reported revenue, profit, and EBITDA above street expectations, while margins remained in line.
The company’s board recommended a final dividend of ₹82 per share. Margins expanded by 90 basis points on a year-on-year basis.
Colgate-Palmolive
Colgate-Palmolive India reported profit and margins in line with expectations, while revenue and EBITDA were marginally higher.
Advertising expenditure during the quarter increased by 10%. The company stated that its premium business continued to grow at three times the pace of overall company growth.
The board also approved a second interim dividend of ₹24 per share.
RBL Bank
RBL Bank said Emirates NBD Bank PJSC has announced an open offer to acquire up to 41.59 crore equity shares, representing 26% of the expanded voting share capital.
The open offer price has been fixed at ₹282.38 per share, including ₹280 as the offer price and ₹2.38 as applicable interest.
Lupin
Lupin announced that China’s National Medical Products Administration approved its Abbreviated New Drug Application for Oseltamivir Phosphate for oral suspension.
The product was developed in partnership with Yabao Pharmaceuticals.
NTPC Green Energy
NTPC Green Energy reported a 15.6% decline in fourth-quarter net profit to ₹197.1 crore from ₹233.3 crore in the year-ago period.
However, the company posted strong year-on-year growth in revenue and EBITDA during the quarter.
Kolte-Patil Developers
Kolte-Patil Developers reported a net loss of ₹15.8 crore in the fourth quarter, compared to a profit of ₹65.3 crore in the same period last year.
Revenue and operating performance weakened sharply during the quarter.
Ramco Cements
The Ramco Cements reported a significant increase in fourth-quarter earnings.
Net profit rose to ₹146.4 crore from ₹31 crore in the corresponding quarter last year.
Indigo Paints
Indigo Paints reported a 1.4% year-on-year increase in net profit for the fourth quarter.
Net profit stood at ₹57.7 crore compared to ₹56.9 crore in the year-ago period.