HCLTech is slated to announce its December quarter results (Q3 FY25) today. According to analysts tracking the IT sector, the company is expected to outperform other industry peers in revenue and net profit growth due to favourable seasonality for its Products & Platform (P&P) business.
At 7:28 AM, the GIFT Nifty futures were trading at 23,319, down 8.50 points, or 0.04%.
Stocks to Watch: The domestic equity market is expected to open in negative territory on Monday, January 13.
At 7:28 AM, the GIFT Nifty futures were trading at 23,319, down 8.50 points, or 0.04%. This implies that the NIFTY50 index will open 182 points lower today.
Here is a list of stocks that may remain in focus today.
HCL Technologies: The IT services major is slated to announce its December quarter results (Q3 FY25) today. According to analysts tracking the IT sector, the company is expected to outperform other industry peers in revenue and net profit growth due to favourable seasonality for its Products & Platform (P&P) business.
Avenue Supermarts: Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, on Saturday reported a 4.8% rise in its consolidated net profit to ₹723.54 crore for the third quarter ended December 2024.
The company had posted a net profit of Rs 690.41 crore a year ago.
Its revenue from operations rose 17.68% to ₹15,972.55 crore during the quarter under review. It was ₹13,572.47 crore in the corresponding quarter of the last fiscal.
Avenue Supermarts CEO and Managing Director Neville Noronha said, "The Q3 FY 2025 same-store revenue growth for 2 years and older stores was at 8.3%. We continue to see the increased intensity in discounting in the FMCG category and the consequent impact to high turnover per square feet stores in metro towns".
Further, the company has announced a top-level management reshuffle with the appointment of Unilever's Anshul Asawa as its CEO Designate.
The incumbent Managing Director and CEO Neville Noronham, whose current term is ending in January 2026 - a year from now, will not be offering his candidature for renewal of his role, according to a statement from Avenue Supermarts.
Earnings today: Apart from HCLTech, 13 other companies are also scheduled to release their financial results for the quarter that ended December 31, 2024, today. The list includes names such as Delta Corp, Den Networks, Himadri Speciality Chemical, Anand Rathi Wealth, and Lotus Chocolate Company.
Just Dial: Just Dial Ltd, a local search engine, reported a 42.7% increase in consolidated net profit at ₹131.31 crore for the December quarter FY25.
It had a net profit of ₹92.01 crore in the October-December period a year ago.
Revenue from operations was up 8.4% at ₹287.33 crore in the December quarter. The company "achieved its highest-ever quarterly revenue in Q3 FY25, further solidifying its position as a leader in digital services," said Just Dial in its earnings statement.
Indus Towers: British telecom firm Vodafone has sold its entire stake in Indus Towers for ₹2,800 crore, the telecom infrastructure firm said on Friday.
Vodafone has sold 7.92 crore or 3% stake in Indus Towers and used ₹890 crore from the proceeds to clear lenders dues, the company said in a regulatory filing.
PCBL: PCBL reported a 37% fall in consolidated net profit to ₹93 crore despite a 21% increase in revenue from operations to ₹2,021 crore in Q2 FY25 as compared with Q2 FY24.
While the company's EBITDA improved by 14% YoY to ₹328 crore, the EBITDA margin in Q3 FY25 was 16% as against 17% in Q3 FY24.
Ugro Capital: In its Q3 business update, the company said its AUM increased to ₹11,050+ crore as of December 2024 compared to ₹10,157 crore as of September 2024 and ₹8,364 crore as of December 2023.
Adani Wilmar: Adani Group on Friday raised ₹4,850 crore from the sale of 13.5% of its stake in Fortune oil maker Adani Wilmar as part of a strategy to exit non-core activities to focus on its main infrastructure business.
The offer for sale (OFS) included an option to additionally sell up to 8.44 crore shares, or 6.50% equity.
Waaree Energies: Waaree Energies Limited entered into a share purchase agreement with Enel Green Power Development S.r.l. on January 10, 2025, for the acquisition of 100% of the share capital of Enel Green Power India Private Limited for a total amount of up to ₹792 crore.
Biocon: The company said that the US Food and Drug Administration (FDA) has classified Biocon Biologics’ Insulins facilities in Johor Bahru, Malaysia, as Voluntary Action Indicated (VAI).
“This relates to the cGMP inspection conducted by the agency between September 15 and 27, 2024. The inspection scope had included several biologics manufacturing units comprising one (1) drug substance and one (1) drug product manufacturing unit, one (1) medical device assembly unit, one (1) analytical quality control laboratory, two (2) microbiological control laboratories, and two (2) warehouses," the press release added.
Indian Overseas Bank: State-run Indian Overseas Bank on Thursday said it was selling non-performing assets of ₹11,500 crore to asset reconstruction companies. Further, it has increased MCLR by 5 bps for three months, six months, and one year and by 10 bps for two years. The revised MCLR shall be effective from January 15, 2025.
Signature Global: Real estate company Signature Global has bought 16.12 acres of land in Gurugram for nearly ₹300 crore to develop a housing project, as it remains bullish on demand for mid-income and premium residential properties.
The land is located on Sector 71, Southern Peripheral Road, Gurugram, Haryana.
Oberoi Realty: The company, in its filing to stock exchanges, said that the Slum Rehabilitation Authority, Brihanmumbai, has, vide its letter dated January 10, 2025, confirmed the appointment of the company as the developer in respect of the slum rehabilitation scheme for lands admeasuring approximately 10,300 sq. mtr. situate at Bandra Reclamation, Mumbai. The said land is owned by the Maharashtra Housing and Area Development Authority.
"The company expects to be entitled to a free sale component of around 3.2 lakh sq. ft. (RERA Carpet area) from the development and redevelopment of the said land, as per the extant provisions of Development Control & Promotion Regulations for Greater Mumbai, 2034," the filing added.
Sunteck Realty: Sunteck Realty has reported 40% growth in its sale bookings to ₹635 crore during the latest December quarter, driven by bullish housing demand. In a regulatory filing late Friday, Sunteck Realty said the company's sale bookings, or pre-sales, in the year-ago period were ₹455 crore.
Interarch: The company has secured ₹221 crore orders in the revolutionary semiconductor & lithium-ion battery sector from Tata Projects Limited, transforming India’s tech landscape.
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