Japan's stocks were trading flat on Thursday morning while market participants assessed outcome of the US Federal Reserve policy meet. The central bank held the rate steady.
The Nikkei 225 was 0.02% down as of 6:48 a.m. Markets in China, South Korea, Taiwan are closed for Lunar Holidays.
On Wednesday, the Dow Jones Industrial Average and S&P 500 ended 0.31% and 0.47% down, respectively. The Nasdaq Composite ended 0.51% down.
The brent crude was trading 0.14% higher at $76.69 a barrel as of 7:04 a.m. The Bloomberg spot gold was 0.03% higher at $2,760.07 an ounce, according to data on Bloomberg terminal.
The GIFT Nifty was trading 36.50 points, or 0.16% higher at 23,150.00 as of 7:13 a.m.
The Indian equity benchmark indices closed higher for the second day in a row on Wednesday as Shriram Finance Ltd., Bharat Electronics Ltd. and Tata Motors Ltd. led the gains.
The NSE Nifty 50 ended 205.85 points, or 0.90% up at 23,163.10, and the BSE Sensex ended 631.55 points or 0.83% higher at 76,532.96.
The NSE Nifty Bank also closed higher at 49,165.95. The index ended 0.61% up at 49,165.95.
Foreign portfolio investors stayed net sellers of Indian equities for the 19th straight session on Wednesday as they sold stocks worth Rs 2,586.4 crore. Domestic institutional investors were net buyers for the 30th consecutive session as they mopped up equities worth Rs 1,792.7 crore, according to provisional data from the National Stock Exchange.
Earnings To Watch
Major Earnings To Watch: Adani Enterprises, Adani Ports and Special Economic Zone, Astral, Bajaj Finserv, Bajaj Holdings & Investment, Bank of Baroda, Bharat Electronics, Biocon, Coromandel International, Dabur India, GAIL (India), Jindal Steel & Power, Kalyan Jewellers India, Dr Lal Pathlabs, Larsen & Toubro, Navin Fluorine International, PB Fintech, Praj Industries, Prestige Estates Projects, Raymond Lifestyle, Waaree Energies and Welspun Living.
Earnings To Watch: Aavas Financiers, Ajanta Pharma, Aditya Vision, Care Ratings, Clean Science and Technology, Dodla Dairy, Greenlam Industries, HeidelbergCement India, Jain Irrigation Systems, Jtekt India, Vedant Fashions, Max Healthcare Institute, Nesco, the Phoenix Mills, Pricol, Protean eGov Technologies, Shanthi Gears, Shree Cement, Strides Pharma Science, Star Cement, Subros and Voltamp Transformers.
Earnings Post Market Hours
Aarti Drugs (Cons, YoY)
Revenue down 8.2% to Rs 557 crore vs Rs 606 crore (Estimate: Rs 579 crore).
Ebitda down 12% to Rs 61.7 crore vs Rs 70.1 crore (Estimate: Rs 66 crore).
Ebitda margin at 11.1% vs 11.6% (Estimate: 11.4%).
Net profit up 1% to Rs 37.1 crore vs Rs 36.7 crore (Estimate: Rs 34 crore).
Declares dividend of Rs 1 per share.
Allied Blenders & Distilleries (Cons, YoY)
Revenue up 12.8% to Rs 973.9 crore vs Rs 894.8 crore (Estimate: Rs 964.6 crore).
Ebitda up 97.5% to Rs 116.8 crore vs Rs 59.1 crore (Estimate: Rs 110.5 crore).
Margin at 11.99% vs 6.6%, up 538 bps (Estimate: 11.5%).
Net profit at Rs 57.5 crore vs loss of Rs 4.4 crore (Estimate: Rs 52.3 crore).
Arvind SmartSpaces (Cons, YoY)
Revenue at Rs 210 crore vs Rs 84.3 crore (Estimate: Rs 212.5 crore).
Ebitda at Rs 59.4 crore vs Rs 19.9 crore (Estimate: Rs 51.1 crore).
Ebitda margin at 28.3% vs 23.6% (Estimate: 24%).
Net profit at Rs 47.7 crore vs Rs 9.4 crore (Estimate: Rs 32 crore).
ASK Automotive (Cons, YoY)
Revenue up 20.1% to Rs 915 crore vs Rs 762 crore (Estimate: Rs 895.4 crore).
Ebitda up 38.2% to Rs 111 crore vs Rs 80.1 crore (Estimate: Rs 105.8 crore).
Ebitda margin at 12.1% vs 10.5% (Estimate: 11.8%).
Net profit up 31.9% to Rs 65.9 crore vs Rs 49.9 crore (Estimate: Rs 59.3 crore).
Bansal Wire (Cons, YoY)
Revenue up 52.6% to Rs 925 crore vs Rs 606 crore (Estimate: Rs 920 crore).
Ebitda at Rs 71.9 crore vs Rs 35.9 crore (Estimate: Rs 67.4 crore).
Margin at 7.8% vs 5.9% (Estimate: 7.3%).
Net profit at Rs 41.6 crore vs Rs 14.8 crore (Estimate: Rs 43.3 crore).
Blue Dart (YoY)
Revenue up 9.31% to Rs 1,511.69 crore vs Rs 1,382.93 crore (Estimate: Rs 1,491 crore).
Ebitda up 12.08% to Rs 239.23 crore vs Rs 213.43 crore (Estimate: Rs 224.8 crore).
Margin up 39 bps at 15.82% vs 15.43% (Estimate: 15.1%).
Net profit down 8.86% to Rs 81.01 crore vs Rs 88.89 crore (Estimate: Rs 73 crore).
Blue Star (Cons, YoY)
Revenue up 25.3% to Rs 2,807 crore vs Rs 2,241 crore (Estimate: Rs 2,684.5 crore).
Ebitda up 34.8% to Rs 209 crore vs Rs 155 crore (Estimate: Rs 188.2 crore).
Margin at 7.5% vs 6.9% (Estimate: 7%).
Net profit up 32.1% to Rs 133 crore vs Rs 100 crore (Estimate: Rs 135 crore).
Brigade Enterprises (Cons, YoY)
Revenue up 24.7% to Rs 1,464 crore vs Rs 1,174 crore (Estimate: Rs 1,238.5 crore).
Ebitda up 58% to Rs 414 crore vs Rs 262 crore (Estimate: Rs 346.9 crore).
Margin at 28.3% vs 22.3% (Estimate: 28%).
Net profit at Rs 236 crore vs Rs 73.5 crore (Estimate: Rs 163.5 crore).
Choice International (Cons, YoY)
Revenue up 1% to Rs 209 crore vs Rs 207 crore.
Ebitda down 10.8% to Rs 59.5 crore vs Rs 66.7 crore.
Margin at 28.4% vs 32.2%.
Net profit down 23.7% to Rs 30.7 crore vs Rs 40.3 crore.
Chalet Hotels (Cons, YoY)
Revenue up 22.5% to Rs 458 crore vs Rs 374 crore (Estimate: Rs 459.5 crore).
Ebitda up 23.3% to Rs 205 crore vs Rs 166 crore (Estimate: Rs 207 crore).
Ebitda margin at 44.7% vs 44.4% (Estimate: 45.1%).
Net profit up 36.7% to Rs 97 crore vs Rs 71 crore (Estimate: Rs 102.3 crore).
eClerx Services (Cons, QoQ)
Revenue up 2.6% to Rs 854 crore vs Rs 832 crore (Estimate: Rs 976.1 crore).
EBIT down 6.1% to Rs 172 crore vs Rs 183 crore (Estimate: Rs 183.5 crore).
EBIT margin at 20.1% vs 22% (Estimate: 21.4%).
Net profit down 1.7% to Rs 137 crore vs Rs 139 crore (Estimate: Rs 167.4 crore).
Fino Payments Bank (Cons, YoY)
Total income up 25% to Rs 461 crore vs Rs 370 crore.
Profit after tax up 1% to Rs 23 crore vs Rs 23 crore.
Gabriel India (Cons, YoY)
Revenue up 24.7% to Rs 1,017 crore vs Rs 815 crore (Estimate: Rs 1,007 crore).
Ebitda up 30.2% to Rs 91.3 crore vs Rs 70.1 crore (Estimate: Rs 96.8 crore).
Margin at 9% vs 8.6% (Estimate: 9.6%).
Net profit up 45.9% to Rs 60.1 crore vs Rs 41.2 crore (Estimate: Rs 59.7 crore).
Hitachi Energy (Cons, YoY)
Revenue up 27.2% to Rs 1,620 crore vs Rs 1,274 crore.
Ebitda up 145.5% to Rs 167 crore vs Rs 68 crore.
Margin at 10.3% vs 5.3%.
Net profit at Rs 137 crore vs Rs 23 crore.
JK Paper (Cons, YoY):
Revenue down 4.4% to Rs 1,632 crore vs Rs 1,706 crore (Estimate: Rs 1,678.7 crore).
Ebitda down 55% to Rs 168 crore vs Rs 372 crore.
Margin at 10.3% vs 21.8%.
Net profit down 72.2% to Rs 65.4 crore vs Rs 235 crore (Estimate: Rs 128.8 crore).
Jindal Stainless (Cons, YoY):
Revenue up 8.54% to Rs 9,907.3 crore vs Rs 9,127.45 crore (Estimate: Rs 9,749.2 crore).
Ebitda down 3.1% to Rs 1,207.54 crore vs Rs 1,246.17 crore (Estimate: Rs 1,189 crore).
Margin down 146 bps to 12.18% vs 13.65% (Estimate: 12.2%).
Net profit down 5.41% to Rs 654.84 crore vs Rs 692.33 crore (Estimate: Rs 614.3 crore).
Declares dividend of Re 1 per share.
Olectra Greentech (Cons, YoY):
Revenue up 50.6% to Rs 515 crore vs Rs 342 crore.
Ebitda up 61.6% to Rs 78.9 crore vs Rs 48.9 crore.
Margin at 15.3% vs 14.3%.
Net profit up 71.7% to Rs 46.3 crore vs Rs 27 crore.
Quess Corp (Cons, QoQ):
Revenue up 6.55% to Rs 5,519 crore vs Rs 5,179 crore (Estimate: Rs 5,355.8 crore).
EBIT up 2.1% to Rs 12 crore vs Rs 126 crore (Estimate: Rs 128.3 crore).
EBIT margin at 2.3% vs 2.4% (Estimate: 2.4%).
Net profit down 12.9% to Rs 80.4 crore vs Rs 92.3 crore (Estimate: Rs 94 crore).
Raymond (Cons, YoY):
Revenue up 40.6% to Rs 954 crore vs Rs 679 crore.
Ebitda up 75.2% to Rs 138 crore vs Rs 78.8 crore.
Ebitda margin at 14.5% vs 11.6%.
Net profit down 61% to Rs 72.3 crore vs Rs 185 crore.
Restaurant Brands Asia (Cons, YoY):
Revenue up 5.76% to Rs 639.05 crore vs Rs 604.22 crore (Estimate: Rs 611.5 crore).
Ebitda up 1.75% to Rs 69.55 crore vs Rs 68.35 crore (Estimate: Rs 69 crore).
Margin down 42 bps to 10.88% vs 11.31% (Estimate: 11.3%).
Net loss at Rs 50.39 crore vs loss of Rs 36.18 crore (Estimate: loss of Rs 52.3 crore).
Samhi Hotels (Cons, YoY):
Revenue up 10.4% to Rs 296 crore vs Rs 268 crore (Estimate: Rs 288 crore).
Ebitda up 29.6% to Rs 110 crore vs Rs 85 crore (Estimate: Rs 109 crore).
Margin at 37.3% vs 31.7% (Estimate: 38.1%).
Net profit at Rs 22.7 crore vs loss of Rs 74.4 crore (Estimate: Rs 579 crore).
Exceptional loss of Rs 76.8 crore in Q3FY25.
SRF (Cons, YoY):
Revenue up 14.4% to Rs 3,491 crore vs Rs 3,053 crore (Estimate: Rs 3,398 crore).
Ebitda up 9.5% to Rs 620 crore vs Rs 566 crore (Estimate: Rs 580 crore).
Ebitda margin at 17.7% vs 18.5% (Estimate: 17.1%).
Net profit up 7% to Rs 271 crore vs Rs 253 crore (Estimate: Rs 235.9 crore).
Declares second interim dividend of Rs 3.6 per share.
Tamilnad Mercantile Bank (YoY):
Net interest income up 6% to Rs 570 crore vs Rs 537 crore.
Provisions up 38% to Rs 3 crore vs Rs 2 crore.
Profit after tax up 6% to Rs 300 crore vs Rs 284 crore.
Gross NPA ratio down 5 bps QoQ to 1.32% vs 1.37%.
Net NPA ratio down 5 bps QoQ to 0.41% vs 0.46%.
Tata Motors (Cons, YoY):
Revenue up 2.7% to Rs 1.13 lakh crore vs Rs 1.11 lakh crore (Estimate: Rs 1.16 lakh crore).
Ebitda down 15% to Rs 13,081 crore vs Rs 15,418 crore (Estimate: Rs 15,514 crore).
Margin at 11.5% vs 13.9% (Estimate: 13.3%).
Net profit down 22% to Rs 5,451 crore vs Rs 7,025 crore (Estimate: Rs 6,435 crore).
Voltas (Cons, YoY):
Revenue up 18.25% to Rs 3,105.11 crore versus Rs 2,625.72 crore (Estimate: Rs 3,024 crore).
Ebitda up 594.54% to Rs 197.39 crore versus Rs 28.41 crore (Estimate: Rs 204 crore).
Margin up 527 bps at 6.35% versus 1.08% (Estimate: 6.8%).
Net profit at Rs 132.13 crore versus loss of Rs 30.41 crore (Estimate: Rs 158 crore).
Quess Corp Q3 Highlights (Cons, QoQ):
Revenue rose 6.55% to Rs 5,519.07 crore from Rs 5,179.36 crore (Estimate: Rs 5,355.8 crore).
EBIT increased 2.02% to Rs 128.39 crore from Rs 125.85 crore (Estimate: Rs 128.3 crore).
EBIT margin declined to 2.32% from 2.42% (Estimate: 2.4%).
Net profit fell 12.87% to Rs 80.49 crore from Rs 92.38 crore (Estimate: Rs 93.9 crore).
Results include an exceptional loss of Rs 22.1 crore, compared to Rs 19.8 crore last year.
Other comprehensive loss stood at Rs 12.4 crore, versus a profit of Rs 10.1 crore last year.
Declared an interim dividend of Rs 4 per share.
Raymond Q3 Highlights (Cons, QoQ)
• Revenue down 8.7% to Rs 953.90 crore versus Rs 1,044.74 crore.
• Ebitda up 19% to Rs 137.99 crore versus Rs 116.04 crore.
• Margin at 14.5% versus 11.1%.
• Net profit up 22% to Rs 72.28 crore versus Rs 59.01 crore.
Samhi Hotels Q3 Highlights (Cons, YoY):
Revenue rose 10.4% to Rs 296 crore from Rs 268 crore (Estimate: Rs 288 crore).
Ebitda increased 29.6% to Rs 110 crore from Rs 85 crore (Estimate: Rs 109 crore).
Ebitda margin improved to 37.3% from 31.7% (Estimate: 38.1%).
Net profit stood at Rs 22.7 crore, compared to a loss of Rs 74.4 crore (Estimate: Rs 22.7 crore).
Results include an exceptional loss of Rs 76.8 crore in Q3FY24.
Stocks To Watch
3M India: Chief financial officer Vidya Sarathy resigns, effective Jan. 29.
Aarti Drugs: Board approves investment in arm Pinnacle Life Science via rights issue.
Afcons Infrastructure: Wins Rs 1,283-crore contract from Hindustan Gateway Container Terminal Kandla, to be completed in 29 months.
Allcargo Terminals: Signs power purchase pact with Amokha Green Energy for solar power on group captive basis.
Allied Blenders & Distillers: Board approves acquisition of all brands and IP rights from Fullarton Distilleries.
Authum Investment: Raises stake in Welspun Michigan Engineers to 12.96% from 10.95% with 34,802-share purchase.
Azad Engineering: Signs Rs 811-crore deal with Siemens Energy Global for a six-year project.
Blue Dart: Board renews aircraft, crew, maintenance, and insurance pact with arm Blue Dart Aviation for five years.
Globus Spirits: Oil marketing firms invite bids for ethanol from FCI rice at Rs 58.5/litre for February-July 2025.
GR Infraprojects: Declared L1 bidder for Rs 262-crore EPC project from Western Railways, to be completed in 24 months.
Granules India: Visakhapatnam unit gets EU GMP certification for APIs and finished dosages.
Infosys: Expands partnership with Siemens AG to boost digital learning with generative AI.
JK Cement: Wins Gujarat Mineral tender for 250 million tonnes of limestone supply.
JK Paper: Board approves Rs 300-crore majority stake buy in Quadragen VetHealth.
Sona BLW: Signs MoU with ePlane to develop powertrains for eVTOLs and drones.
Voltas: MD & CEO Pradeep Bakshi to step down Aug. 31; Mukundan CP Menon named successor from Sept. 1, pending shareholder approval.
Union Bank: Board approves raising up to Rs 20,000 crore via long-term bonds, including Rs 5,000 crore in green or sustainable bonds.
Sagility: Step-down subsidiary Sagility LLC acquires BroadPath Healthcare Solutions for Rs 502 crore in cash.
Biocon: Issues Rs 570 crore in commercial papers to Nippon India Mutual Fund for 90 days.
Kolte-Patil Developers: Ministry of Corporate Affairs rejects merger with Kolte-Patil Integrated Townships Ltd.
IPO Offering
Dr. Agarwal's Health Care: IPO subscribed 7% on day one, driven by retail investors with an 11% subscription.
Trading Tweaks
Record Date Dividend: Balkrishna Industries (Rs 4), Coforge (Rs 19), Hudco (Rs 2.05), Siemens (Rs 12).
Moving to Short-Term ASM Stage I: Anant Raj, Apar Industries, Delta Autocorp, Dhanuka Realty, Indoco Remedies, Netweb Technologies, Zen Technologies.
F&O Cues
Nifty January Futures up 0.87% at a discount of 14.85 points.
Nifty January Futures open interest falls 29%.
Nifty Jan. 30 expiry: Maximum call open interest at 24,000, maximum put open interest at 23,000.
Money Market
The rupee ended weaker against the US dollar on Wednesday. It weakened by 2 paise to close at 86.55.
The domestic currency had opened weaker against the US dollar on Wednesday, falling by 5 paise to trade at 86.58. This marks the continuation of its downward trajectory, following a 19 paise drop on Tuesday that brought the currency to 86.53.
RECOMMENDED FOR YOU
Stocks To Watch Today: Vedanta, Vodafone Idea, Nykaa, Apollo Hospitals, Indian Oil
Jun 02, 2025
Stocks To Watch Today: IndusInd, Gensol, Tata Chemicals, SAIL, IRCTC
May 29, 2025
Stock Market Today: All You Need To Know Going Into Trade On May 28
May 28, 2025
Stocks To Watch Today: IndiGo, Aurobindo Pharma, Dabur India, KEC International
May 27, 2025
POPULAR