L&T Tech | Business Upturn

Top stocks to watch today, April 25: SBI Life, Axis Bank, L&T Tech, SBI Cards, Power Grid and more

Aman Shukla — Fri, 25 Apr 2025 02:42:52 +0000

Indian benchmark indices ended their seven-session winning streak on Thursday. The BSE Sensex closed 315.06 points lower at 79,801.43, down 0.39%, while the NSE Nifty50 settled 82.25 points lower at 24,246.70, a decline of 0.34%.

Today, several stocks across sectors are expected to remain in focus.

Key Q4 Earnings Highlights

SBI Life Insurance

Total Annualized Premium Equivalent (APE) grew 2.2% YoY to ₹5,450 crore from ₹5,330 crore.
Value of New Business (VNB) margin improved to 30.5% from 28.3% YoY.

Tech Mahindra

Revenue increased 0.7% QoQ to ₹13,384 crore, up from ₹13,285.6 crore.
Operating margin stood at 10.3%, slightly up from 10.2% in the previous quarter.

Axis Bank

Reported Q4 net profit of ₹7,117.5 crore, beating CNBC-TV18 poll estimates of ₹6,752.7 crore.
Net Interest Income (NII) stood at ₹13,811 crore, compared to an estimate of ₹13,792 crore.
The board approved raising up to ₹20,000 crore via equity issuance.

L&T Technology Services (L&T Tech)

Revenue in USD terms came in at $345.1 million, below the CNBC-TV18 poll estimate of $352.9 million.
Revenue grew 10.6% YoY in USD terms.
Margin declined to 13.2% from 15.9% QoQ.

Shriram Housing Finance

Net profit rose 60% YoY to ₹99.2 crore from ₹62 crore.
NII increased by 52.1% YoY to ₹294.7 crore from ₹193.8 crore.

Macrotech Developers

Net profit grew 38.5% YoY to ₹921.7 crore from ₹665.5 crore.
Margins improved to 28.9% from 26.1% YoY.

SBI Cards

Reported net profit declined 19.4% YoY to ₹534.2 crore, down from ₹662.4 crore.
Gross NPA ratio stood at 3.08% as of March 31, 2025, compared to 2.76% last year.
Net NPA ratio rose to 1.46% from 0.99% YoY.

Corporate Developments

Container Corporation of India (CONCOR) signed an MoU with GAIL to develop LNG infrastructure at CONCOR terminals across India.
Power Grid Corporation commissioned an 85 MW solar PV plant in Nagda, Ujjain, through its subsidiary.
Gujarat Industries Power Company commissioned the first phase of its 25 MW group captive solar project at Vastan, as part of a larger 75 MW development.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Stocks to Watch on October 17 2024: L&T Tech, Bajaj Auto, CRISIL, RailTel, Bikaji, Reliance and more

Aditya Bhagchandani — Wed, 16 Oct 2024 18:02:00 +0000

At market close on October 16, 2024, the Sensex was down 318.76 points or 0.39%, closing at 81,501.36, while the Nifty fell 86 points or 0.34%, closing at 24,971.30.

On the Nifty, top losers included Trent, M&M, Hero MotoCorp, Infosys, and Adani Ports, while gainers were HDFC Life, Dr. Reddy’s Labs, Grasim Industries, Bharti Airtel, and HDFC Bank.

Among sectors, the oil & gas, realty, and telecom indices ended in the green, offering some support amidst the broader market decline.

The intense FII selling pressure throughout October has led to significant market corrections, with concerns about global economic conditions contributing to increased volatility. DIIs, however, continue to offer some stability with their consistent buying activity.

Here are some stocks to watch –

L&T Tech Q2 Results: Revenue up 8% YoY to Rs 2,573 crore, net profit at Rs 319.6 crore

Bajaj Auto Q2 FY25: Revenue up 22% YoY at ₹13,127 crore, Net Profit rises 9% YoY to ₹2,005 crore

CRISIL Reports 10.3% Revenue Growth to ₹811.8 Crore, Net Profit Rises to ₹171.55 Crore in Q3 CY24

Bikaji Foods to Invest ₹131.01 Crore for a 53.02% Stake in The Hazelnut Factory

Ultratech Cement commissions additional 1.2 mtpa grinding capacity in Tamil Nadu

BlackRock and Jio Financial in talks for 50-50 credit venture: Report

Rail Vikas Nigam Limited (RVNL) emerges as lowest bidder for ₹270 crore metro project in Maharashtra

RailTel Corporation bags order worth Rs 51 crore from Kavaratti Smart City

Reliance Industries announces bonus shares issue and increase in authorized share capital

Pondy Oxides and Chemicals Q2 Results: Revenues up 46%, PAT doubles YoY

EIH to invest over ₹7,582 crore in EIH London Investments

Ircon International and Patel Engineering sign MoU for strategic collaboration on Infrastructure projects

Bharti Airtel acquires 26% stake in AMP Energy C&I Thirty for INR 7.86 crore

L&T Tech Q2 Results: Net profit grows 1.3% QoQ at ₹316 crore

Mahita Jain — Wed, 18 Oct 2023 12:26:19 +0000

L&T Technology Services, the technology arm of Larsen & Toubro, reported its second-quarter results for the fiscal year 2023-24, revealing a consolidated net profit of ₹316 crore and a consolidated revenue of ₹2,378 crore. The announcement came through a regulatory filing made on October 17, showcasing the company’s financial performance.

In comparison to the previous quarter, the net profit showed a marginal increase of 1.3%, rising from ₹312 crore in the first quarter of FY24. Meanwhile, the revenue witnessed a notable growth of 3.7% quarter-on-quarter, reaching ₹2,301 crore for the April-June period.Year-on-year, the net profit for Q2FY24 demonstrated a 5.17% increase, reaching ₹299.9 crore compared to the corresponding period in FY23. Similarly, the revenue exhibited a growth of 4.59% from ₹2,281.7 crore in the year-ago period.Expressed in dollar terms, the revenue amounted to $288.1 million, marking a growth of 2% year-on-year and 3.2% quarter-on-quarter in constant currency, as highlighted in a media release by L&T Tech.

The earnings before interest, taxes, depreciation, and amortization (EBITDA) for Q2FY24 stood at ₹414 crore, reflecting a 3.4% increase compared to ₹401 crore reported in the preceding June 2023 quarter. Despite this growth, the margin remained flat sequentially at 17.4%.

Amit Chadha, the CEO & Managing Director of L&T Tech, emphasized the strong deal momentum, citing a significant deal win of more than USD 10 million. “Deal momentum was strong with the highlight being a USD 10 million plus deal win leveraging SWC capabilities in North America. This win has been the result of having a superior end-to-end technology stack for wireless and 5G communications which is becoming a key differentiator for us,” said Amit Chadha, CEO & Managing Director, L&T Tech.

“We are investing in software defined vehicles, AI and cybersecurity and will have close to 2,000 employees trained over the next few quarters. Our collaboration with hyperscalers and chip companies is helping us develop AI solutions and services that address needs of industries like auto, manufacturing and medical,” he added.

The financial performance and strategic initiatives outlined by L&T Tech in its Q2 results highlight the company’s resilience and commitment to growth amidst evolving market dynamics. Investors and industry observers will likely monitor the company’s future moves and performance closely as it navigates the rapidly changing landscape of technology and innovation.

L&T Tech Q1 Results: Net profit rises 13% YoY to Rs. 311 crore with revenue up by 15%

Adesh Dixit — Tue, 18 Jul 2023 11:30:49 +0000

L&T Technologies on Tuesday reported a 13% year-on-year rise in its consolidated net profit to Rs 311 crore in the Q1 of FY24. The net profits last year in the same quarter stood at Rs 275 crore.

The company has also clocked revenue of Rs 2,301 crore from Rs 2,006 crore which is a rise of 15% when compared to the previous fiscal year. On a sequential basis net profit was down 8% and revenues declined 3%.

The company’s revenue in Constant Currency (CC) terms grew 10% year-on-year, but fell 3% quarter-on-quarter. During the June quarter, the dollar revenue stood at $280 million.

L&T Tech has clocked an EBIT of Rs 395 crore, up 13% year-on-year, with an EBIT margin of 17.2% for the reporting quarter.

During the quarter, L&T Technology Services won a $50 million plus deal, with an addition of 5 deals with TCV (total contract value) of more than $10 million each.

“Demand trends remain strong in transportation, which led to a 4% sequential growth in the quarter. Growth in other verticals was softer on account of decisionmaking delays that impacted deal closures,” said Amit Chadha, CEO and MD, L&T Tech.