SUMMARY
stocks to watch, NHPC, SAIL, Emami, Lupin, IRCON, ITD Cementation, RVNL, Astral, Emcure Pharma, Cochin Shipyard, Indian Hotels and more, these are the stocks to watch for today.
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NHPC | The company reported a 41.2% decline in net profit for the second quarter, posting ₹909 crore compared to ₹1,546 crore in the same quarter last year. The drop in profitability comes despite a 4.1% increase in revenue, which reached ₹3,052 crore, up from ₹2,931.3 crore in the corresponding period last year. The company’s operational revenue in Q1 stood at ₹2,694 crore, indicating a steady upward trend from the previous quarter.
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SAIL | The company reported a decline in second-quarter profit on Thursday (November 7) as a sharp fall in steel prices and tepid demand weighed on the public sector firm’s quarterly performance. SAIL’s consolidated net profit dropped over 31% to ₹897.2 crore in the three months ended September 30, 2024. A year ago in the same period, the PSU had posted a net profit of ₹1,305.6 crore. Second quarter revenue declined 17% to ₹24,675 crore on a YoY basis from ₹29,712 crore.
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Emami | The company’s revenue from operations rose to ₹890.59 crore, up 3% increase from ₹864.87 crore in the same period last year. For the half-year, revenue grew to ₹1,796.66 crore, up 6.3% from ₹1,690.53 crore the previous year. Total income reached ₹912.15 crore, up from ₹875.98 crore year-on-year. Profit after tax (PAT) increased to ₹210.99 crore for the quarter, a 17.2% rise from ₹179.99 crore last year. For the half-year, PAT reached ₹361.59 crore, up from ₹316.74 crore, an increase of 14.2%.
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Lupin | The company’s net profit for Q2 stood at ₹852.6 crore, comfortably beating the CNBC-TV18 poll estimate of ₹746.7 crore. Revenue came in at ₹5,672.7 crore, outpacing the forecasted ₹5,564.8 crore, while EBITDA reached ₹1,340.4 crore against an expected ₹1,220.4 crore. The company’s EBITDA margin also outperformed estimates, coming in at 23.6% compared to the 22% anticipated by analysts.
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IRCON | Railway construction major’s Q2 net profit came in at ₹206 crore, down 17.8% year-on-year (YoY) from ₹250.7 crore in the same period last year. However, this marked an increase from the previous quarter, when net profit stood at ₹176.51 crore. Revenue for the quarter fell by 19.3% YoY to ₹2,447.5 crore, down from ₹3,033.3 crore in the corresponding quarter last year.
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ITD Cementation | Engineering and construction firm reported a 34.3% year-on-year (YoY) surge in net profit at ₹72 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, the company posted a net profit of ₹53.6 crore. Revenue from operations increased 23.6% to ₹1,991 crore against ₹1,610.4 crore in the year-ago period. At the operating level, EBITDA increased 15% to ₹181.7 crore in the second quarter of this fiscal over ₹158 crore in Q2 of FY24.
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RVNL | State-run company’s net profit fell 27% year-on-year (YoY) to ₹286.9 crore, down from ₹394.3 crore in the same period last year, due to lower operating margins and reduced earnings. Revenue from operations for the rail PSU declined by 1.2% YoY to ₹4,855 crore, compared to ₹4,914.3 crore in Q2 FY24. EBITDA dropped 9% to ₹271.5 crore, with margins narrowing to 5.6% from 6% in the year-ago period, indicating rising operational pressures.
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Astral | Leading player in the CPVC pipes and fittings business in India reported a 17.5% decline in net profit for the second quarter of FY25, with profit coming in at ₹108.7 crore compared to ₹131.7 crore in the same period last year. The drop in profit was primarily driven by a contraction in EBITDA, which stood at ₹210.2 crore, down 4.5% YoY. Consequently, the company’s EBITDA margin decreased to 15.3% from 16.2% a year ago.
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Emcure Pharma | The company reported a 38.2% year-on-year (YoY) increase in net profit for three months ended September 30, 2024, reaching ₹202 crore, compared to ₹145.8 crore in the same period last year. Revenue grew by 20.4% YoY to ₹2,002 crore, up from ₹1,663 crore in Q2 last fiscal. The company’s EBITDA rose 15.7% to ₹380.8 crore, from ₹329 crore a year ago, while its margin slightly contracted to 19% from 19.8% in the previous year.
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Cochin Shipyard | State-owned company reported a 4% year-on-year (YoY) increase in net profit at ₹189 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Cochin Shipyard posted a net profit of ₹182 crore, the company said in a regulatory filing. The company’s revenue from operations increased 13% to ₹1,143.2 crore as against ₹1,011.7 crore in the corresponding period of the preceding fiscal.
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Indian Hotels | The hospitality company reported its financial results for the second quarter (Q2) and first half (H1) of the fiscal year 2024-25 on Thursday, November 7. The company continued its upward momentum for the 10th consecutive quarter. For the second quarter, IHCL witnessed a 28% year-on-year increase in revenue, reaching ₹1,890 crore. The company also reported a 40% rise in EBITDA to ₹565 crore, while its EBITDA margin expanded by 2.7 percentage points to 29.9%.
