Stocks to Watch on February 1: ONGC, Sun Pharma, LIC Housing Finance, IndusInd Bank and more

1 / 17ONGC | The company reported a net profit of ₹8,240 crore in Q3FY25, significantly lower than the CNBC-TV18 poll estimate of ₹9,484 crore. On a quarter-on-quarter (QoQ) basis, net profit declined 31.2% from ₹11,984 crore in Q2 FY25. The PSU oil giant’s revenue stood at ₹33,716.8 crore, marginally down 0.5% QoQ from ₹33,881 crore but exceeding the poll estimate of ₹31,700 crore.2 / 17Sun Pharma | The company reported an 18.6% year-on-year (YoY) increase in net profit at ₹3,033 crore for the third quarter that ended December 31, 2024, against ₹2,557.6 crore in the same quarter in the previous fiscal. The CNBC-TV18 poll had predicted a profit of ₹2,879.3 crore for the quarter under review. The company’s revenue from operations was up 10.5% to ₹13,675.4 crore against ₹12,381 crore in the corresponding period of the preceding fiscal.3 / 17LIC Housing Finance | The company’s net profit stood at ₹1,432 crore, a 23.1% rise from ₹1,163 crore in the same period last year. This exceeded the CNBC-TV18 poll estimate of ₹1,294 crore. However, NII came in at ₹1,997.1 crore, falling short of the poll estimate of ₹2,028 crore, marking a decline of 4.8% from ₹2,097 crore in Q3 FY24. The company reported a write-back of ₹43.98 crore, compared to an impairment expense of ₹435.83 crore in the year ago period.4 / 17Aster DM | The company delivered a strong performance in Q3FY25, supported by revenue growth and operational efficiencies. The company clarified that, since GCC operations are now a segregated entity, the ₹179.2 crore net profit reported in Q3FY24 included ₹116.2 crore from discontinued operations. Therefore, the correct comparison is based on the adjusted net profit (post NCI) for the India business, which grew 30% YoY to ₹81 crore in Q3FY25, up from ₹62 crore in Q3FY24.5 / 17Nuvama Wealth Management | Financial services company reported a 42.9% jump in net profit at ₹252 crore for the third quarter that ended December 31, 2024, against ₹176.3 crore year-on-year (YoY). Revenue from operations increased 22.7% to ₹1,031.8 crore as against ₹840.6 crore in the corresponding period of the preceding fiscal. Nuvama Wealth Management reported a profit before tax (PBT) of ₹124 crore in Q3 FY25, marking an 11% year-on-year (YoY) growth, while its nine-month PBT stood at ₹347 crore, up 15% YoY.6 / 17Karnataka Bank | The company reported a net profit of ₹283.6 crore for the three months ended December 2024, representing a decline of 14.3% compared to last year. It reported a profit of ₹331 crore a year ago. The net interest income (NII) was at ₹792.8 crore for the quarter, 4.2% lower than ₹827.6 reported a year earlier. The lender reported a net non-performing assets (NNPA) ratio of 1.39%.7 / 17Pfizer | Drug firm reported a 1.9% year-on-year (YoY) decline in net profit at ₹127.6 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, Pfizer posted a net profit of ₹130 crore, the company said in a regulatory filing. The company’s revenue from operations dipped 0.4% to ₹538 crore as against ₹540 crore in the corresponding period of the preceding fiscal.8 / 17IRB Infrastructure Developers | The company reported a 2.9% year-on-year (YoY) increase in revenue at ₹2,025.4 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, IRB Infrastructure Developers posted a revenue of ₹1,968.5 crore. At the operating level, EBITDA was up 13.2% to ₹984.1 crore in the third quarter of this fiscal over ₹869.2 crore in the year-ago period. The EBITDA margin stood at 48.6% in the reporting quarter as compared to 44.2% in Q3 FY24.9 / 17Sheela Foam | Makers of Sleepwell mattresses reported a 39% year-on-year (YoY) decline in net profit at ₹18.8 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, Sheela Foam posted a net profit of ₹30.8 crore, the company said in a regulatory filing. The company’s revenue from operations increased 10% to ₹967.1 crore as against ₹878.9 crore in the corresponding period of the preceding fiscal.10 / 17Nestle India | FMCG major said it has added a new KitKat production line at its Sanand Factory in Gujarat, with a proposed annual capacity of 15,000 tonne. The company plans to complete the capacity expansion within FY25, investing approximately ₹1,100 crore through internal accruals.11 / 17Vishal Mega Mart | Supermarket chain reported a 28% year-on-year (YoY) increase in net profit at ₹262.7 crore in the third quarter of the current fiscal compared to ₹205.3 crore in the same period in FY24. Revenue from operations was up 19.5% to ₹3,136 crore against ₹2,623.5 crore in the corresponding period of the preceding fiscal.12 / 17Triveni Turbine | The company reported a 35.5% year-on-year (YoY) surge in net profit at ₹92.4 crore in Q3 FY25 over ₹68.2 crore in the same quarter last fiscal. Revenue from operations increased 16.6% to ₹503.4 crore against ₹431.7 crore in the year-ago period. The company recorded its all-time high quarterly revenue and EBITDA along with a record closing order book. EBITDA was up 30.4% to ₹109.3 crore in the third quarter of this fiscal over ₹83.8 7 crore YoY.13 / 17Poonawalla Fincorp | The company reported the results for the third quarter of fiscal 2025 on Friday, January 31, 2025. The company reported a significant 92.9% drop in net profit for Q3, falling to ₹18.7 crore compared to ₹265 crore in the same period last year. However, net interest income (NII) saw a robust growth of 24.7%, reaching ₹672 crore, up from ₹538.9 crore in Q3 FY24.14 / 17Hero MotoCorp | Homegrown two-wheeler manufacturer announced that its CEO Niranjan Gupta would step down from the role, effective May 1. The company named board member Vikram Kasbekar as its acting CEO. Gupta, who became CEO in 2023, joined Hero MotoCorp in 2017 as CFO. Kasbekar, an industry veteran with over five decades of experience in research and development, operations, supply chain, and engineering, will oversee the transition until a new CEO is appointed.15 / 17Godrej Agrovet | India’s leading agribusiness company reported a strong performance for Q3 FY25, with its net profit increasing by 32.4% year-on-year to ₹109.9 crore, up from ₹83 crore in the same quarter last year. The company’s revenue rose 4.5% to ₹2,449.6 crore, compared to ₹2,345.2 crore in Q3 FY24. A notable highlight was the significant 38.4% growth in EBITDA, which stood at ₹220 crore, up from ₹159 crore in the corresponding period last year.16 / 17BSE | The Securities and Exchange Board of India (SEBI) is set to tighten the leash on stock brokers through a new portal for audits — the onus of compliance will be on the exchanges. The markets regulator on Friday, January 31, released a framework for monitoring and supervising the system audits of stock brokers. SEBI recommends a new portal be developed to ensure a more robust auditing process and mitigate technology-related risks.17 / 17IndusInd Bank | Private sector lender reported its Q3 FY25 financial results on January 30 (Tuesday). The bank’s net profit declined 39% year-on-year to ₹1,402.3 crore from ₹2,301 crore in the same quarter last year. However, the figure surpassed CNBC-TV18’s poll estimate of ₹1,271 crore. Net interest income (NII), a key measure of a bank’s profitability, fell 1.3% to ₹5,228.1 crore from ₹5,295.6 crore a year ago.

Source link