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Stocks to watch: Shares of firms like Tata Motors, Adani Ent, CONCOR, Dabur, GAIL, PB Fintech, and others will be in focus on Wednesday’s trade
Stocks to Watch
Stocks To Watch On January 30: The Indian market closed higher on Wednesday, supported by gains in information technology stocks that mirrored a rebound in global markets. Investor attention shifted to the U.S. Federal Reserve’s comments on interest rates, which played a key role in shaping market sentiment.
Nifty Earnings on Thursday
Adani Enterprises, Adani Ports, Bajaj Finserv, Bharat Electronics, and L&T will report their earnings.
F&O Earnings on Thursday
Companies set to announce earnings include Astral, Bank of Baroda, Biocon, CONCOR, Coromandel International, Dabur, GAIL, JSPL, Kalyan Jewellers, Dr. Lal Pathlabs, Max Healthcare, Navin Fluorine, Prestige Estates, PB Fintech, and Shree Cement.
Tata Motors
Net profit declined by 23% to ₹5,451 crore. Revenue increased by 3% to ₹1.13 lakh crore, falling short of the ₹1.16 lakh crore estimate. EBITDA fell by 15% to ₹13,081 crore, compared to the expected ₹15,980 crore. The EBITDA margin stood at 11.5%, down from 13.9% last year, and below the expected 13.7%. The profit figure represents profit attributable to owners, not the overall profit after tax. The actual EBITDA and margin figures may differ from the company’s official release as other income is not accounted for here. JLR confirmed it is on track to meet its profitability and cash flow targets for FY 2025, maintaining an EBIT margin guidance of 8.5% or more and a positive net cash position.
Bajaj Finance
Net profit reached ₹4,308.2 crore, exceeding the estimated ₹4,098 crore. Net Interest Income (NII) was ₹9,382.4 crore, slightly above the ₹9,335 crore estimate. The company’s net profit grew 18.4% year-on-year, while NII increased by 22.6%. Gross NPA rose to 1.12% from 1.06% in September, and Net NPA increased to 0.48% from 0.46%. Provisions rose 7% sequentially to ₹2,043.3 crore.
Voltas
Net profit stood at ₹130.8 crore, lower than the ₹155 crore estimate. Revenue was ₹3,105 crore, slightly higher than the estimated ₹3,015 crore. EBITDA was ₹197.4 crore, just below the ₹213 crore forecast. EBITDA margin was 6.4%, lower than the expected 7.1%. Voltas posted a net loss in the previous year, with revenue growing 18.3% year-on-year.
Blue Star
Net profit came in at ₹132.5 crore, surpassing the estimated ₹122 crore. Revenue increased by 25.3% to ₹2,807.4 crore, ahead of the expected ₹2,682 crore. EBITDA grew by 34.8% to ₹209.3 crore, exceeding the ₹188 crore estimate. EBITDA margin stood at 7.5%, compared to the expected 7% and 6.9% last year.
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