Stocks to Watch, July 21: Sona BLW, RIL, HDFC Bank, ICICI Bank, Eternal, Reliance Power, RBL Bank, YES Bank, Havells, Dr Reddy's

The bank, in its press release, said that its core operating profit grew by 13.6% year-on-year to ₹17,505 crore in Q1 2026 from ₹15,412 crore seen in Q1 2025.

Its net interest income, or the difference between interest earned on loans and expended on deposits, rose 6% to ₹2,371 crore as against ₹2,244 crore in the year-ago period.

The bank's provisions came down by 11% sequentially to ₹284 crore in the June quarter from ₹318 crore in the previous quarter.

The reinsurance partnership will bring together JFSL's deep local expertise and robust digital footprint with Allianz's strong underwriting and global reinsurance capabilities, a joint statement made late in the evening said.

It had posted a loss of ₹97.85 crore in the first quarter of the preceding 2024-25 fiscal year, the company said in an exchange filing.

The company's total income was ₹2,025.31 crore against ₹2,069.18 crore in the year-ago quarter.

Reliance Power managed to reduce its expenses to ₹1,953.01 crore from ₹2,142.51 crore in the April-June period of the last financial year.

In a statement, the company said its net worth stood at ₹16,431 crore as of June 30, 2025.

The company has signed a binding term sheet with Jinnaite Machinery Co Ltd (JNT) to establish a joint venture (JV) firm in China, Sona Comstar said in a statement.

Sona Comstar will invest $12 million and have a 60% stake, while JNT will contribute $8 million in assets and business to the joint venture in the first phase, it added.

The JV will start operations in H2 FY26 to fulfil existing orders from EV and non-EV customers, marking a significant milestone in Sona Comstar's expansion into the Chinese EV market.

It will manufacture and supply driveline systems and components to automotive OEMs in China and globally, the company said.

Signature Global was the fifth-largest listed real estate firm in 2024-25, in terms of sales bookings, falling behind Godrej Properties, DLF, Lodha Group and Prestige Estates Projects Ltd.

The company had clocked record pre-sales of ₹10,290 crore last fiscal.

The city-headquartered bank had registered its first-ever highest net profit of ₹1,051 crore in the January-March 2025 quarter.

"Exactly. One hundred per cent sure. We are very confident of maintaining this and growing it from here. If you see our net profit figure over the last two years, quarter on quarter, it is increasing. The graph has been very consistent," the bank's Managing Director and CEO Ajay Kumar Srivastava said.

** Dr Reddy's Laboratories**: The pharma company has received a Form 483 with seven observations from the US health regulator for its Srikakulam-based plant in Andhra Pradesh, according to a regulatory filing.

The US Food and Drug Administration (USFDA) conducted the GMP and a Pre-Approval Inspection (PAI) at the formulations manufacturing facility from July 10 to 18, 2025, the Hyderabad-based drug major said in the filing.

"We have been issued a Form 483 with seven observations, which we will address within the stipulated timeline," it added.

Its revenue from operations rose by 19.4% to ₹3,352.53 crore in the June quarter compared to ₹2,807.57 crore in the corresponding period a year ago, according to a regulatory filing from JK Cement Ltd (JKCL).

Total expenses were at ₹2,919.83 crore, up 13.2% in the June quarter.

The total income of JKCL, which includes other income, was at ₹3,408.97 crore, up 19.5% in the June quarter.

The lender had earned a net profit of ₹182 crore in the same quarter of the previous fiscal year.

The total income rose to ₹3,379 crore during the June 2025 quarter from ₹2,846 crore in the same quarter of FY25, Punjab & Sind Bank said in a regulatory filing.

Interest earned by the bank improved to ₹2,911 crore compared to ₹2,652 crore in the June quarter of FY25.

The city-based cement maker had posted a consolidated net profit of ₹58.47 crore during the corresponding quarter of the previous financial year.

For the year ended March 31, 2025, the consolidated net loss stood at ₹143.68 crore, the company said in a regulatory filing.

The Jaipur-based bank had earned a net profit of ₹503 crore in the same quarter of the previous fiscal year.

The total income rose to ₹5,189 crore during the June 2025 quarter from ₹4,278 crore in the same period of FY25, AU Small Finance Bank said in a regulatory filing.

Interest earned by the bank improved to ₹4,378 crore compared to ₹3,769 crore in the June quarter of FY25.

The lender had posted a net profit of ₹372 crore in the year-ago period, while the same figure had stood at ₹69 crore in the preceding March quarter.

Its core net interest income degrew 13% to ₹1,481 crore, impacted by an over 1.15% drop in the net interest margin to 4.5% against 5.67% a year ago despite a 9% loan growth.

The other income grew 33% to ₹1,069 crore, which helped the bottom line.

The Mumbai-based lender had earned a net profit of ₹3,679 crore in the same quarter of the previous fiscal year.

The total income rose to ₹31,791 crore during the June 2025 quarter from ₹30,874 crore in the year-ago period, Union Bank of India said in a regulatory filing.

Interest earned by the bank improved to ₹27,296 crore compared to ₹26,364 crore in the June quarter of FY25.

According to a statement from Mangalore Refinery and Petrochemicals Ltd, the company’s Board of Directors approved the Q1 financial results at its 270th meeting held on July 18.

The results reflect a decline in revenue from operations, which stood at ₹20,988 crore in Q1 FY26, down from ₹27,289 crore in Q1 FY25.

The Mumbai-based bank had earned a net profit of ₹880 crore in the same quarter of the previous fiscal year.

The total income rose to ₹10,374 crore during the June quarter of 2025-26 from ₹9,500 crore in the same quarter of FY25, the Central Bank of India said in a regulatory filing.

Interest earned by the bank improved to ₹8,589 crore, as compared to ₹8,335 crore in the June quarter of FY25.