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Stocks to Watch, July 23: Infosys, Coforge, Oberoi Realty, OFSS, Persistent Systems, TCPL, Dr Reddy's, Paytm
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5 min read | Updated on July 23, 2025, 08:08 IST
SUMMARY
Stocks to Watch: Fintech firm One97 Communications, which owns the Paytm brand, reported its first-ever consolidated net profit at ₹122.5 crore in the quarter ended June 2025, mainly on account of cost optimisation and an increase in payment revenue.
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The company, controlled by Dutch multinational brewing company Heineken NV, had posted a net profit of ₹173.80 crore in the April-June quarter a year ago, United Breweries Ltd (UBL) said in a regulatory filing.
However, UBL's revenue from operations was down 7.4% to ₹5,380.78 crore during the quarter under review. It was at ₹5,811.28 crore in the corresponding period a year ago.
Paytm had posted a net loss of ₹840 crore in the year-ago period.
"EBITDA and PAT turned profitable at ₹72 crore and ₹123 crore respectively, demonstrating AI-led operating leverage, disciplined cost structure and higher other income," Paytm said in a statement.
Hyundai Motor India: Hyundai Motor India Ltd on Tuesday said it has received a demand of ₹517.34 crore from tax authorities, along with a penalty, for alleged short payment of GST compensation cess on certain SUV models.
The company has received an order from Commissioner (Appeals), CGST Dept, Tamil Nadu, confirming GST compensation cess demand of ₹258.67 crore, along with a penalty of ₹258.67 crore, on the allegation of short payment of GST compensation cess on certain SUV models for the period September 2017 - March 2020, Hyundai Motor India Ltd said in a regulatory filing.
The company had posted a net profit of ₹145 crore in the April-June quarter a year ago, according to a regulatory filing from Dalmia Bharat.
However, its revenue from operations was almost flat at ₹3,636 crore in the June quarter. It stood at ₹3,621 crore in the corresponding period of the previous fiscal.
The company's profit after tax was ₹22.59 crore.
The total income of Magellanic Cloud increased 23.16% to ₹164.34 crore during the first quarter of the current fiscal year from ₹159.18 crore a year ago.
"Magellanic Cloud delivered a strong start to FY26, reporting revenue of ₹163.96 crore, EBITDA growth of 19.14%, and PAT up 22.93% year-on-year. Our multi-vertical momentum, backed by product innovation and global partnerships, positions us well for an accelerated trajectory this fiscal year," Magellanic Cloud Global CEO and MD Joseph Sudheer Reddy said.
The NBFC, under the administrative control of the Ministry of Railways, had earned a net profit of ₹1,577 crore in the year-ago period.
The total income of the company rose to ₹6,918 crore in the April-June period from ₹6,766 crore a year ago, IRFC said in a regulatory filing.
The total expenses of the mini-ratna company during the period under review fell marginally to ₹5,173 crore from ₹5,189 crore in the corresponding period of FY25.
The city-headquartered company had posted a net profit of ₹497 crore in the corresponding period a year ago.
On a standalone basis, its profit after tax rose 3% to ₹530 crore in the first quarter of FY26 against ₹513 crore in the year-ago period but was 6% lower than the preceding March quarter's PAT of ₹563 crore.
The company's disbursements grew 1% to ₹12,808 crore during the reporting quarter, while the gross loan book on June 30 was 15% higher at ₹1.22 lakh crore.
The law and order situation in the eastern Maharashtra district impacted by Left Wing Extremism (LWE) is improving, and attempts are essential to mainstream the youth, its managing director B. Prabhakaran told PTI over the phone.
A sharp jump in profit came on the back of strong performance by its mobile and other EMS divisions.
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