Tejas Networks, Cyient, Syngene International, Jyoti Structures, Paytm: Check top buzzing stocks of the day

At 12:40 PM, the S&P BSE SENSEX was trading at 76,615.80, up 89.95 points, or 0.12%, while the NSE's NIFTY50 index was trading at 23,221.85, up 16.50 points, or 0.07%.

Revenue from operations stood at ₹1,909.8 crore, growing 0.5% quarter-on-quarter (QoQ) and 3.78% YoY.

Karthikeyan Natarajan also resigned as executive director and chief executive officer of the company effective immediately to "explore new challenges and opportunities," he said in his resignation letter as per an exchange filing.

On Q3 earnings, Krishna Bodanapu, executive vice chairman and managing director, said, "Cyient Group witnessed positive Q3 FY25 results, with quarterly Group revenue at US$228 Mn and growth of 4.5% YoY in constant currency."

The company's revenue also declined 6% on a quarter-on-quarter basis, while margin narrowed to 9.1% from 14.3% in the September quarter. Its order book of ₹2,681 crore is well below the last five-quarter average of ₹7,700 crore, which is also due to the BSNL deal execution.

However, the optical, broadband, and data networking product company's revenue doubled on a year-on-year basis and increased by 41% from the September quarter.

The company's net profit stood at ₹165.7 crore during the quarter compared to a profit of ₹275 crore it reported during the previous quarter. Tejas Networks had reported a net loss of ₹45 crore in the base quarter.

Besides Paytm, Razorpay, PayU, and Easebuzz are among the eight payment gateways that have come under investigation with the ED freezing around ₹500 crore in their virtual accounts over the last two years in connection with 10 Chinese nationals running one of the biggest cryptocurrency scams, HPZ Token, from India, Times of India reported on Friday.

Paytm, however, clarified that the company has not received any notice from the Enforcement Directorate regarding any crypto scam. Moreover, they have clarified that the case is from September 2022.

Shares of Paytm were trading 3.59% down at ₹30.45 apiece on Friday at 1 PM.

Contract research and manufacturing services firm reported significant growth in their December quarter financials. The company's top line increased by 10.57% year-on-year (y-o-y), while the profit surged by 17.58% y-o-y, reaching ₹131.1 crore. Revenue stood at ₹943.7 crore, marking a robust performance in the competitive biopharmaceutical sector.

The company recorded a net profit of ₹122.3 crore in the third quarter of the financial year 2024-25, compared to ₹0.67 crore in the same quarter the previous year, according to the consolidated statements.

The company was trading 4.57% lower at ₹297.40 during the afternoon trade on BSE.

India Cements' revenue from operations dropped 15% to ₹940 crore in the quarter ended December 2024, compared to ₹1,113.06 crore in the same quarter the previous year.

The company's consolidated expenses for the quarter rose 6.4% to ₹1,259.53 crore, compared to ₹1,182.70 crore in the same quarter the previous year.

The scrip was trading at ₹203.65, soaring 12.17% on BSE during the afternoon trade.

The company reported a net profit of ₹108 crore, up from ₹51.3 crore in the same period last year, marking a significant over 111% year-on-year (y-o-y) improvement.

Net Interest Income (NII) grew by 12%, reaching ₹350.6 crore, compared to ₹312.7 crore in the corresponding quarter of the previous year. Total income also saw a healthy increase, rising to ₹604.2 crore from ₹477.7 crore y-o-y.

EBITDA stood at ₹528.37 crore in December 2024, up 57.52% from ₹335.42 crore in December 2023.

Shares of the infrastructure firm advanced 9.96% at ₹24.72 apiece on BSE during the afternoon trade.

On Thursday, the company received a notification of an award for a project worth ₹741.28 crore from PowerGrid Corporation of India. The project involves the design, detailing, testing, and supply of towers and all line materials, as well as the commissioning of Package 01 of the ± 800 kV HVDC Bipole Line between KPS2 (HVDC) and Nagpur (HVDC) on a total turnkey basis.

The project, located at Gujarat’s Khavda, is expected to be completed in 42 months from the date of notification of award.