Stocks to watch, May 18: Tata Steel Vi, Coal India, HFCL, Bajaj Electricals, SAIL, IOC

In a filing to BSE, Coal India Ltd said that DIPAM/MoC has processed a proposal seeking approval of the Alternative Mechanism (AM) for the listing of Mahanadi Coalfields Ltd, based on the approvals accorded by the board of Coal India Ltd (CIL) and the board of MCL. The AM has approved the proposal for the disinvestment/listing of MCL."

The listing would happen through a combination of fresh equity issuance and disinvestment by Coal India through an offer for sale.

It had reported a net profit of ₹1,201 crore during the same period a year ago, the company said in an exchange filing.

During January-March, the company's total income rose to ₹63,518.60 crore from ₹56,679.11 crore in the fourth quarter of 2024-25.

For the entire FY26, the company has posted a net profit of ₹10,885.82 crore, over a threefold jump from $3,173.78 crore in 2024-25. Total income rose to ₹2,33,541.72 crore from ₹2,20,083.04 crore in FY25.

Vodafone Idea posted a consolidated net profit of ₹51,970 crore on Saturday—its first-ever in about six years—for the March quarter of FY2025-26, mainly due to relief in statutory liabilities, according to a company filing.

Emirates NBD Bank has informed that it has received a letter from the Department of Financial Services dated May 14, 2026, approving its proposed acquisition of RBL Bank, a regulatory filing said on Friday.

The approval for investment in excess of 49% and up to 74% of the total paid-up equity share capital of RBL Bank was approved, RBL Bank said.

The approval came a day before Prime Minister Narendra Modi's official visit to the UAE.

The proposed investment by Emirates NBD Bank in RBL Bank by way of a preferential issue of equity shares remains subject to completion of the customary conditions, it said.

The company had posted a net profit of ₹59.05 crore in January-March FY25, according to a regulatory filing from Bajaj Electricals.

Bajaj Electricals had reported an exceptional item (net loss) of ₹55.58 crore in the March quarter, mainly due to impairment of ₹29.31 lakh on certain property, plant, and equipment, and the implementation of new labour codes.

It had a profit before exceptional items and tax of ₹6.85 crore in the quarter under review.

Revenue from operations was at ₹1,239.52 crore in the March quarter. It was at ₹1,265.47 crore in the corresponding quarter a year ago. Total expenses were at ₹1,242.10 crore.

The company had reported a net profit of ₹1,178 crore in the year-ago period, Steel Authority of India Ltd (SAIL) said in a statement.

During January-March, the company's revenue from operations increased to ₹30,813 crore from ₹29,316 crore recorded in the fourth quarter of the preceding 2023-24 financial year.

The company's board also approved a final dividend of ₹2.35 per equity share for FY26.

Annual net profit stood at ₹3,233 crore as against ₹2,148 crore registered in FY24.

Revenue from operations was at ₹1,10,810 crore during FY26 as against ₹1,02,478 crore a year ago.

In FY26, SAIL produced 19.43 million tonnes of steel as against 19.17 million tonnes in FY25.

The company had posted a net profit of ₹154.64 crore in the January-March quarter a year ago, according to a regulatory filing from Arvind Ltd.

Its revenue from operations was up 15% at ₹2,553.09 crore in the March quarter of FY26 compared to ₹2,220.69 crore in the corresponding period of the previous fiscal.

Growth in revenue was led by a "strong volume growth across all core business segments, in line with guidance", said Arvind in its earnings statement.

Its revenue from textiles was at ₹1,977.29 crore, up 22.47% in the March quarter of FY26.

The consolidated net profit was ₹4,142.87 crore in the quarter ended on March 31, 2025, a regulatory filing showed.

According to the regulatory filing, the company has a deferred tax credit of ₹5,179.80 crore in the quarter compared to ₹19.98 crore in the same period a year ago. However, total income has dipped to ₹11,970.69 crore in the quarter from ₹12,590.80 crore a year ago.

Total income of the company for the quarter under review stood at ₹2,909 crore, up 26.31% year-on-year from ₹2,303 crore in Q4FY25, the company said.

For FY26, consolidated PAT declined 6.81% year-on-year at ₹152.54 crore from ₹162.11 crore a year earlier.

The company also announced the elevation of six senior leaders to executive leadership positions.

The company has also committed over Rs 700 crore of investment in building a global parts centre in the south of India, he told analysts.

"We are investing in capacity expansion, and we have committed over ₹1,500 crore of capex in FY27. And this capex is going to expand our capacity in scooters, where, for some of our models that are doing very well, we are doubling our capacity," Chitale said.

With the company doing a "60,000-odd scooter volume run rate" monthly at present, when asked if doubling it could mean closer to 1 lakh, he said, "That's our ambition."

The company had delivered a bottom line of ₹266 crore in the quarter ended March 2025.

Consolidated revenue for the reporting quarter was seen at ₹5,336 crore, up 18% from ₹4,528 crore in Q4FY25, it said.

This growth was broad-based and high-quality, driven by value-added features and volume expansion across the company's core and emerging product offerings.

Uno Minda also achieved an EBITDA (earnings before interest, taxes, depreciation and amortisation) of ₹603 crore for the March quarter of 2026 as against ₹527 crore in the period year earlier, registering a year-on-year growth of 14%, the company said.

The company has to complete the supplies by August 2026.

"We are pleased to inform all stakeholders that the company has secured an export order worth around $11.07 million (equivalent to about ₹106.19 crore) for the supply of optical fibre cables through its overseas wholly owned subsidiary from a renowned international customer," the filing said.

HFCL in fiscal year 2026 exported around 70% of its optical fibre cable production.

Balrampur Chini Mills, which has 10 sugar factories in Uttar Pradesh, is setting up a Poly Lactic Acid (PLA) plant of 80,000 tonnes per annum capacity at a cost of more than ₹3,000 crore.

In an interview with PTI, Balrampur Chini Executive Director Avantika Saraogi said, "This new plant will be operational in the third quarter of this fiscal." Asked about the revenue potential from the plant, she said, "We are expecting a revenue of about ₹2,000 crore at full capacity.

Besides, the company posted a 30% decline in its consolidated net profit to ₹159.56 crore for the quarter ended March on higher expenses.

Its net profit stood at ₹229.12 crore in the year-ago period.

However, Aggarwal strongly believes that the Gurugram housing market would return to normalcy this fiscal year.

On the growth plans and targets for 2026-27 fiscal year, he said the company has set a target to achieve 21% growth in sales bookings this fiscal year to ₹10,000 crore on strong launch pipeline and residual inventories in the under-construction real estate projects.

It had logged a profit of ₹919.63 crore in the year-ago period, the company said in an exchange filing on Friday.

Total income during the period increased to ₹3,120.52 crore from ₹2,557.71 crore in fourth quarter of 2024-25.

Annual net profit was at ₹4,220.46 crore as against ₹3,411.73 crore. Total income was at ₹12,686.09 crore as compared to ₹11,614.61 crore earlier.

The company's board also approved final dividend of 21 paise per equity share for FY26.

The company had posted a consolidated net profit of ₹187.18 crore in the year-ago period.

The consolidated revenue from operations during the fourth quarter rose by 58% to ₹1,156 crore, compared to ₹731.40 crore a year ago, Hindustan Copper said in a regulatory filing.

The board recommended a final dividend of ₹1.86 per share for FY2025-26, subject to the requisite approvals, the company said.