Stocks to Watch: The domestic equity market is likely to see a gap-down start to trading on Thursday, January 30.
At 8:04 AM, the GIFT NIFTY futures were trading at 23,155.50, up 42 points, or 0.18%. This implies that the NIFTY50 index will open 124 points lower.
On the global front, the US Federal Reserve held interest rates steady at 4.25%- 4.50% on Wednesday. The Fed Chair said there would be no rush to cut them again until inflation and jobs data made it appropriate.
The decision was on the expected lines.
Here is a list of stocks that will remain in focus on Thursday.
Earnings Today: L&T, Adani Enterprises, Adani Ports, Ajanta Pharma, Bajaj Finserv, Biocon, GAIL, Dodla Dairy, and
Protean eGov Technologies are some of the companies that are slated to release their December quarter (Q3 FY25) results today.
Aarti Industries: The company informed stock exchanges on Wednesday that Re Sustainability and Recycling (ReSRL), a Re Sustainability Company (ReSL), and Aarti Circularity Limited (ACL), a wholly owned subsidiary of Aarti Industries, have joined hands to establish a transformative first of its kind in India Joint Venture Company (JV Co) for driving the development of Plastic Materials Recycling Facilities (PMRFs) across India, aiming to revolutionise plastic resource recovery and sustainable resource management practices.
Blue Star: On Wednesday, air-conditioning and commercial refrigeration system maker Blue Star Ltd reported an increase of 31.85% in consolidated net profit at ₹96.06 crore in the third quarter ended December 2024.
The company posted a net profit of ₹100.46 crore in the October-December quarter a year ago.
Its revenue from operations was up 25.26% to ₹2,807.36 crore in the December quarter. It was at ₹2,241.19 crore in the year-ago period.
Raymond: The textile company reported a 61% year-on-year (YoY) drop in net profit at ₹72.3 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, Raymond had posted a net profit of ₹185.4 crore.
Tata Motors:
Tata Motors on Wednesday reported a 22% decline in consolidated net profit to ₹5,578 crore for the third quarter ended December 2024.
The company posted a consolidated net profit of ₹7,145 crore in the same quarter last fiscal.
It added that its consolidated total revenue from operations stood at ₹1,13,575 crore against ₹1,10,577 crore in the year-ago period.
Bajaj Finance: Bajaj Finance on Wednesday reported an 18% increase in consolidated net profit to ₹4,308 crore for the December quarter.
The company had reported a net profit of ₹3,639 crore in the year-ago period.
Total income rose to ₹18,058 crore for the third quarter of the ongoing fiscal year from ₹14,166 crore in the year-ago period. The consolidated assets under management improved 28% to ₹3,98,043 crore at the end of December 2024 compared to ₹3,10,968 crore in the third quarter of last year.
Adani Power: Adani Power on Wednesday posted a 7% rise in its consolidated net profit to ₹2,940 crore for the December quarter due to higher revenues on the back of higher electricity sale volume.
"Consolidated total revenue for Q3 FY25 higher by 11% to ₹14,833 crore vs ₹13,355 crore in Q3 FY24, primarily due to higher volume," a company statement said.
According to the statement, its consolidated profit after tax increased 7% to ₹2,940 crore in the quarter compared to ₹2,738 crore a year ago.
Jupiter Wagons: Jupiter Wagons Ltd (JWL) reported an 18.4% year-on-year (YoY) increase in consolidated net profit to ₹96.4 crore for the quarter ended December 2024, driven by higher revenue and improved margins.
Revenue from operations for Q3FY25 stood at ₹1,029.8 crore, up 15% YoY, the company said in a statement on Wednesday.
SRF: SRF Ltd.'s consolidated net profit rose 7% in the third quarter of fiscal 2025, beating analysts' estimates. The chemical manufacturer's bottom line stood at ₹271 crore in the quarter ended December 31, 2024, according to an exchange filing on Wednesday.
Revenue was 14.4% at ₹3,491 crore versus ₹3,053 crore.
Restaurant Brands: Restaurant Brands Asia, the operator of Burger King and Popeyes brands in the country, reported a net loss of ₹50.3 crore for the third quarter of fiscal 2025 (Q3 FY25), compared to a loss of ₹36 crore in the same period last year. The revenue increased 5.8% to ₹639 crore, up from ₹604 crore a year earlier.
Sona BLW: Sona BLW Precision Forgings (Sona Comstar), one of the leading global providers of mobility technology solutions, has signed a memorandum of understanding (MOU) with Ubifly Technologies Private Limited (The ePlane Co.) at Chennai. "The MOU will enable Sona Comstar and The ePlane Co. to cooperate in the areas of eVTOLs and Drones. The companies will collaborate on the development of powertrains for eVTOLs and Drones, including gearboxes, motors, inverters, and related components and systems," the company said.
G R Infraprojects: The company on Wednesday said it has emerged as the lowest (L-1) bidder for a ₹262.28-crore railway infrastructure project under Western Railway. The contract involves the gauge conversion of a 38.9 km track from Kosamba to Umarpada in the Vadodara division.
Hitachi Energy: Hitachi Energy India Limited on Wednesday posted a manifold jump in its profit after tax (PAT) to ₹137.4 crore for the December quarter on account of higher revenues.
Its PAT was ₹23 crore during the October-December period of the preceding 2023-24 fiscal, the company said in a regulatory filing.
The company's revenues increased 31% to ₹1,672.4 crore from ₹1,276.4 a year earlier.
It reported its highest-ever quarterly order of ₹11,594.3 crore in the quarter ended December 2024.
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