Latest Stock Market News: Q2FY25 Financial Updates on Key Companies
Team FS
12/Nov/2024

What's Covered Under the Article
- Insightful financial performance analysis of top companies from Q2FY25, showing growth trends and challenges.
- Major project wins, profit updates, and strategic acquisitions impacting stock momentum in the Indian market.
- Key takeaways on sectors like pharmaceuticals, manufacturing, and infrastructure to guide investor decisions.
In this article, we bring you an in-depth overview of top stocks in the news for the Indian market, focusing on Q2FY25 financial results, significant project developments, and strategic moves by major companies. The analysis spans across sectors, providing essential information to help investors understand the shifts and trends in the market.
Alembic Pharmaceuticals received final approval from the USFDA for its Ivabradine tablets, therapeutically equivalent to Amgen's Corlanor tablets used to treat heart failure. This approval opens up market access in the U.S., where the drug has a market size of $145.3 million, per IQVIA’s latest data. Alembic’s stock is expected to gain traction with this strategic expansion in the U.S. market.
Blue Dart Express reported a 14% YoY drop in Q2FY25 profit to Rs 62.8 crore, impacted by higher freight, employee benefits, and finance costs. Despite a revenue increase of 9.6% to Rs 1,457.1 crore, the company appeared in a screener tracking stocks with declining return on capital employed (RoCE), reflecting ongoing operational challenges.
Hyundai Motor India faced a 15.5% decline in net profit, reaching Rs 1,375.5 crore in Q2FY25 due to increased inventory and employee expenses. Its revenue fell by 8.4% YoY, prompting its inclusion in a screener of stocks with medium-to-low Trendlyne momentum scores.
Dr. Reddy's Laboratories, through CFO M.V. Narasimham, shared its ambitious goal of improving its IPM (Indian Pharmaceutical Market) ranking from 10th to 5th within five years, supported by a stronger presence in chronic segments and upcoming biosimilar launches.
Azad Engineering achieved an 8.1% rise in net profit to Rs 21 crore, driven by inventory destocking and lower finance costs, with revenue up 34.6% YoY. The company secured a Rs 340 crore order from Arabelle Solutions, France, bolstering its foothold in the nuclear power industry.
EPL saw its net profit surge by 72.3% to Rs 87 crore in Q2FY25, with revenue growing by 8.8% YoY, showing strength across Africa, East Asia, the Americas, and Europe. This growth aligns with the company's recent inclusion in a screener of stocks outperforming their industries.
HMA Agro Industries hit its upper circuit with a 10% rise as net profit surged 5.4 times YoY to Rs 51.9 crore in Q2FY25. Revenue grew by 22.7% YoY, as the company’s performance reflects its standing among stocks with a lower-than-industry PEG ratio.
NBCC (India) gained ground with work orders worth Rs 448.7 crore, including significant projects from GAIL and the Income Tax Department. These projects bolster NBCC’s role in government infrastructure, potentially driving future revenue growth.
UNO Minda reported a 9% YoY rise in net profit to Rs 245.2 crore, with a 17% revenue boost driven by improvements in switches, lighting, and castings segments. Its high momentum score suggests sustained investor interest in this key automotive supplier.
L&T Energy CarbonLite Solutions, a division of Larsen & Toubro, secured a Rs 15,000 crore contract from NTPC to establish thermal power plants, marking a significant win in the power sector.
Life Insurance Corp of India received an upgrade from JP Morgan, boosting its target price to Rs 1,075. JP Morgan cited LIC’s shift toward high-ticket products and favorable product mix as positive growth drivers.
Oil & Natural Gas Corp outperformed profit forecasts by 11.1% despite a 25% YoY decline in Q2FY25 profit, aided by growth in the refining, marketing, and petrochemicals segments.
NMDC reported an 18.1% YoY rise in profit but missed analyst estimates by 18%, reflecting challenges in meeting growth expectations despite its inclusion in a screener for underperforming industry peers.
Rail Vikas Nigam emerged as the lowest bidder for a South Central Railway project worth Rs 294.9 crore. This contract aligns with the Mudkhed-Medchal doubling project in Telangana, supporting regional infrastructure enhancement.
Cummins India maintained double-digit revenue growth guidance for FY25, focusing on stable demand across domestic markets, while addressing pricing competition concerns. CFO Ajay Patil underscored the company’s strategic alignment in CPCB 4+ genset demand and margin management.
Triveni Turbine experienced a 41.6% YoY jump in profit, reaching Rs 90.9 crore, with orders up by 25% YoY to Rs 572 crore. Its high dividend yield makes it attractive to income-focused investors.
L&T Technology Services acquired Intelliswift Software Inc and Intelliswift Software (India) for $110 million, advancing its digital capabilities with a significant U.S. presence.
Sagility India listed on the bourses with a 3.5% premium, following an oversubscribed IPO that attracted strong investor interest.
PG Electroplast raised its FY25 revenue guidance to Rs 4,250 crore. The company's focus on QIP funding reflects plans for capital expansion in key segments.
Britannia Industries faced a 9.6% YoY decline in net profit, missing forecasts due to weak consumer demand and higher commodity costs, while revenue grew slightly by 5.3% YoY.
Jubilant Foodworks beat profit forecasts by 9.2% in Q2FY25, despite a 34.1% YoY dip in net profit, with robust revenue growth driven by Domino’s and emerging business segments.
Bank of India reported a 61.6% rise in net profit, aided by improvements in asset quality and a 16% YoY increase in revenue from the treasury, wholesale, and retail banking segments.
Hindalco Industries posted a strong 78% YoY profit increase to Rs 3,909 crore, benefitting from lower power, fuel, and finance costs. Its robust growth across segments underscores its resilience in the metal sector.
This comprehensive analysis provides investors with a holistic view of key stocks based on Q2FY25 performance, offering insights for strategic portfolio management in the evolving Indian market.
Also Read : All Upcoming and Active IPOs : Dates, Pricing, GMP and Key Details
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