Stocks To Watch, January 23: Coforge, Cyient, Mphasis, JSW Steel, JSW Energy, DLF, IndiGo, Adani Green, GCPL, Bandhan Bank, Adani Total Gas

On a YoY basis, Coforge's revenue rose 28.5% in rupee terms, 21.5% in CC terms, and 22.6% in US dollar terms.

PAT (excl. extraordinary items) came in at ₹364 crore, up 71.2% on a YoY basis.

The Board has also recommended an interim dividend of ₹4 per share, with a record date of January 31, 2026.

The airline reported a net profit of ₹549.1 crore in the October-December quarter, compared with ₹2,448.8 crore earnings in the year-ago period, according to a company statement.

The company said it took a hit of ₹1,546.5 crore in the third quarter. This included ₹577.2 crore due to massive flight disruptions witnessed during early December and another ₹969.3 crore on account of the implementation of new labour laws.

IndiGo was slapped with a fine of ₹22.2 crore for the flight disruptions, which it has accounted for in exceptional items.

The company's revenue from operations rose 12.3% in the December quarter to ₹4,002.57 crore, as compared to ₹3,561.33 crore in the year-ago period.

Mphasis recorded new TCV (total contract value) wins worth $428 million during the quarter under review, 62% of which the firm said were AI-led. Mphasis said there is a "strong direct correlation between TCV and revenue". Four large deals, including two worth over $50 million, were signed during the quarter.

Seen sequentially, the firm's profit fell 5.7%, while revenue increased by 2.57%.

The company recorded a one-time impact (₹35.4 crore) of the New Labour Codes.

The company had posted a net profit (attributable to its shareholders) of ₹122.3 crore in the year-ago period.

Revenue from operations saw a dip of 4% to ₹1,848.5 crore in Q3 FY26, as compared to ₹1,926.4 crore logged in Q3 FY25.

The Kolkata-based bank had a net profit of ₹426.29 crore in the third quarter of the preceding fiscal.

Its total income declined to ₹6,122 crore during Q3 of FY26 from ₹6,591 crore a year ago.

Net profit is ₹157 crore in October-December 2025 – the third quarter of the current 2025-26 fiscal year – compared with ₹143 crore earnings in the same period a year back, according to a company statement.

Revenue from operations rose by 17% to ₹1,631 crore.

With allocation of subsidised natural gas continuing to decline – down to 41% of total requirement in Q3 from 42% in the previous quarter – the company had to rely on sourcing higher-priced gas. The cost of natural gas – which is converted into CNG for sale to automobiles and piped to households for cooking and industries as feedstock – was up 18%, the firm said.

The order has been placed by an independent power producer, the company said in an exchange filing. The order will be executed by February 2026, it said.

The contract research, development, and manufacturing organisation posted a profit after tax (PAT) of ₹131 crore in the October-December period last fiscal.

Revenue from operations declined to ₹917 crore from ₹944 crore in the year-ago period, Syngene International said in a statement.

India's largest real estate firm clocked sales bookings of ₹419 crore during the third quarter of this fiscal year, a sharp decline from a record pre-sales of Rs 12,039 crore in the year-ago period.

According to a regulatory filing, DLF's consolidated net profit rose to ₹1,203.36 crore in the October-December period of this fiscal year from ₹1,058.73 crore a year ago. Total income surged to ₹2,479.54 crore from ₹1,737.47 crore logged a year ago.

It had reported a consolidated net profit of ₹1.53 crore for the quarter ended December 31, 2024, a regulatory filing said.

Total income dipped to ₹22.51 crore in the quarter from ₹71.35 crore in the same period a year ago.

The board also approved the acquisition of the remaining 14.11% equity shares of GHG Reduction Technologies Private Limited, a subsidiary of the company. The purchase is at a net consideration of ₹60,50,000.

Consequent to the acquisition, GHG Reduction will become a wholly owned subsidiary of the company.

The travel booking platform had logged a net profit of ₹15.54 crore during the year-ago period, a regulatory filing said.

During the quarter under review, ixigo's revenue from operations increased to ₹317.56 crore from ₹241.76 crore a year ago. Total expenses also rose to ₹295.85 crore from ₹223.67 crore.

The gross transaction value (GTV) for ixigo's bus booking vertical grew over 36% year-on-year in the December quarter, whereas the flights vertical recorded GTV growth of more than 22% despite industry-wide disruptions witnessed in December.

The bank reported a net profit of ₹109 crore in the third quarter of the 2024-25 fiscal year.

The bank reported an all-time high net interest income (NII) of ₹1,000 crore for the third quarter of FY26, up 12.8% year-over-year.

Ujjivan Small Finance Bank MD & CEO Sanjeev Nautiyal said the bank's deposits grew 22.4% on a yearly basis to ₹42,223 crore, with the credit-deposit ratio at 88% as of December 2025.

The gross loan book for the quarter grew 21.6% YoY to ₹37,057 crore, driven by the highest-ever quarterly disbursements at ₹8,293 crore.

The quarter began with strong order placement of ₹100 crore for its next-generation tactical UAVs ZOLT and SWITCH V2 with EW resilience capabilities from the Indian Army, and this momentum continued throughout the quarter, resulting in an additional order booking of INR 115 crore through multiple orders from defence and civil customers.

"Over the next few months, I will be putting in a STRONG and COMPETITIVE bid for RCB, one of the best teams in the IPL," Poonawalla wrote on his official 'X' handle.

RCB (Royal Challengers Bengaluru) is currently owned by United Spirits Ltd (USL).