Stocks to Watch Today: ITC, Adani Wilmar, HUL and others
Stocks to Watch Today: Following Tuesday’s drop, domestic markets took a break and closed the day little down on Wednesday. Due to a number of news events and the second quarter’s results, shares of ITC, Adani Wilmar, HUL, United Spirits, and Adani Power will be the focus of today’s trading.
Today’s Emphasis is on Earnings
The following companies are scheduled to present their findings on October 24, 2024:
Aarti Drugs, ACC, Castrol India, Chalet, Chandrap, CIE India, Godrej Consumer Products, Grau Weil, Gujarat Intrux, Home First Finance, Indian Energy Exchange, Indoco Remedies, IndusInd Bank, ITC, Ixigo, JSW Energy, KDML, Kenvi, Krishna, Laurus Labs, Moschip, NACL Industries, NAM India, NTPC, Patanjali, Pecos, Petronet, PNB Gilts, PNB Housing, RR Kabel, Sanghi Industries, Ujjivan Small Finance Bank, V2 Retail, Veer Krupa, VGIL, Vivanta, VSL, VST Industries, Westlife, Yunik, Zenith Hume, Z Swastik, and 20 Microns.
Hindustan Unilever: The business recorded a 1.93 percent YoY growth in consolidated sales to Rs 15,926 crore, while Ebitda experienced a 0.1% fall to Rs 3,793 crore in Q2FY25. The net profit dropped 2.33 percent to Rs 2,595 crore, while the Ebitda margin dropped 48 basis points to 23.81 percent. HUL declared an interim dividend of Rs 29 per share and matched analyst projections despite a 2.3% year-over-year drop in second-quarter earnings. Due to its little contribution to profitability, the board also authorized the division of its ice cream division.
AU Small Finance Bank: In the second quarter of FY25, the company’s net interest income (NII) increased by 58% year over year to Rs 1,974 crore. With gross non-performing assets (NPA) reaching 1.98 percent, up from 1.78 percent in the previous quarter, net profit climbed 42.2% year over year to Rs 571 crore.
Dr. Lal PathLabs: In Q2FY25, the business recorded a 9.8% YoY increase in consolidated sales to Rs 660 crore. With an EBITDA margin of 30.7%, EBITDA grew by 14% year over year to Rs 202.50 crore. At Rs 130.80 crore, net profit increased 18% year over year.
Piramal Enterprises: At Piramal Enterprises, net profit increased to Rs 163 crore from Rs 48.2 crore in the same quarter previous year, while consolidated total income increased 7.7% YoY to Rs 2,375 crore in Q2 FY25.
FedBank Financial Services: The firm recorded a 30.4 percent YoY growth in consolidated total revenue to Rs 519 crore in Q2 FY25, along with an 11.8 percent YoY increase in net profit to Rs 65 crore.
MAS Financial Services: The company’s overall revenue increased by 23.8% YoY to Rs 367 crore in Q2FY25, while its net profit increased by 27.6% YoY to Rs 76.6 crore.
Piramal Pharma: In Q2FY25, net profit climbed considerably to Rs 23 crore, while consolidated sales grew by 17% YoY to Rs 2,242 crore and EBITDA increased by 29% YoY to Rs 342 crore.
CARE Ratings: The company’s consolidated total income increased 42.3% on a quarter-over-quarter basis to Rs 129 crore in Q2 FY25, while its net profit was Rs 46.9 crore.
United Spirits: Net profit rose marginally by 0.6% YoY to Rs 341 crore in Q2FY25, while consolidated sales fell 1% YoY to Rs 2,844 crore.
Pidilite Industries: The firm recorded a 5.2% YoY growth in consolidated sales to Rs 3,234.91 crore in Q2 FY25, along with an 18% YoY increase in net profit to Rs 540.30 crore.
IIFL Finance: The firm posted a net loss of Rs 93 crore in Q2FY25, despite its total revenue increasing 1.62 percent YoY to Rs 2,577 crore.
Power Grid Corp.: A Rs 284 crore investment in the Rajasthan Transmission System Project was authorized by the board.
KEC International: For transmission and distribution projects in the Middle East and America, the business was awarded an order valued at Rs 1,142 crore.
Escorts Kubota: Sona BLW has agreed to pay Rs 1,600 crore to purchase Escorts Kubota’s railway equipment section.
Signature Global: For Rs 25.5 crore, Signature Global (India) intends to sell its property in the Haryana State Industrial Infrastructure Development Corp.
Mahindra & Mahindra: With an expenditure of more than Rs 300 crore, Mahindra & Mahindra opened an Advanced Cell Research Laboratory & Battery Proto Build Shop and a Passive Safety Lab to evaluate SUV safety and investigate cell technologies.
TVS Holdings: The business authorized raising the directors’ borrowing limits to a maximum of Rs 5,000 crore.
Lemon Tree Hotels: A license deal for a 60-room hotel in Aurangabad, Maharashtra, was signed by the business.
State Bank of India: In order to finance climate-friendly energy-generating projects, the State Bank of India and the German Development Bank KfW negotiated a €150 million line of credit.
