KEY HIGHLIGHTS
Rupee Ends Flat Against US Dollar
Rupee closed flat at 83.96 against the US dollar.
The currency fell to a record low of 83.99 during the day.
It closed at 83.95 on Wednesday.
Source: Bloomberg
Sensex, Nifty Resume Declines After One-Day Breather As Infosys, RIL Weigh: Closing Bell
Benchmark equity indices erased its initial gains after the monetary policy maintained status quo and ended lower as the RBI governor's commentary was hawkish while also tracking European markets and some Asian indices which closed with losses.
The Nifty ended 0.81% or 197 points lower at 24,100.50 and the Sensex fell 0.73% or 581.79 points to close at 78886.22. Intraday, the Nifty fell as much as 0.90% and the Sensex fell 0.84%.
"The Index is oscillating in a wide range where the downside seems to be protected at 23,965 near 50 day moving average while the higher side is capped at 24,330, bearish gap zone, and a breakout on either side is a must for a clear picture," said Aditya Gaggar, director of Progressive Shares.
Shares of Infosys Ltd. Reliance Industries Ltd., Larsen & Toubro Ltd., ICICI Bank Ltd., and Asian Paints Ltd. pulled the Nifty lower.
While those of HDFC Bank Ltd., Tata Motors Ltd., Bharti Airtel Ltd., HDFC Life Insurance Co., and ITC Ltd. cushioned the fall.
Most sectoral indices were lower with Nifty IT being the top loser.
Market breadth was skewed in favour of sellers. Around 2,113 stocks declined, 1,787 stocks rose, and 107 stocks remained unchanged on BSE.
Broader markets outperformed benchmark indices. The BSE Midcap and Smallcap indices ended 0.44% and 0.16% lower, respectively.
On BSE, all sectors ended lower except BSE Healthcare out of 20. The BSE Metal declined the most and was the worst performing sector.
Market At Close
Nifty, Sensex continue downtrend after one day rise
Nifty ends 0.81% or 197 points lower at 24,100.50
Sensex ends 0.73% or 581.79 points lower at 78886.22
Broader indices also ended lower; Nifty Midcap 100 ended 0.35% lower and Nifty Smallcap 250 ended 0.30% down
Among sectoral indices, Nifty IT fell the most and Nifty Pharma was the top gainer
HDFC Life and Tata Motors were top Nifty gainers
LTIMindtree and Grasim Industries were top losers among Nifty stocks
Page Industries Q1 Earnings (Consolidated, YoY)
Revenue up 4% at Rs 1,278 crore vs Rs 1,229 crore
EBITDA up 2% at Rs 244 crore vs Rs 239 crore
EBITDA margin at 19.1% vs 19.4%
Net profit up 4.4% at Rs 165 crore vs Rs 158 crore
SJVN To Consider Selling Stake In SJVN Green
To consider selling stake in unit SJVN Green Energy on August 13
Source: Exchange filing
AstraZeneca India Q1 Earnings (Consol, YoY)
Net loss of Rs 11.79 crore vs profit at Rs 53.86 crore
Revenue up 31.2% at Rs 387 crore vs Rs 295 crore
EBITDA down 43.4% at Rs 38.1 crore vs Rs 67.2 crore
Margin at 9.8% vs 22.7%
Garware Hi-Tech Q1 Earnings (Consolidated, YoY)
Revenue up 25% at Rs 474 crore vs Rs 380 crore
EBITDA up 86% at Rs 119 crore vs Rs 64 crore
EBITDA margin at 25% vs 16.8%
Net profit doubles to Rs 88 crore vs Rs 44 crore
Nazara Tech To Infuse Rs 229 Crore In UK Arm
UK arm gets in-principal approval to buy Fusebox Games for Rs 228 crore
Source: Exchange filing
RVNL Q1 Earnings (Cons, YoY)
Revenue down 27% at Rs 4,074 crore vs Rs 5,572 crore
EBITDA down 48% at Rs 182 crore vs Rs 349 crore
EBITDA margin at 4.5% vs 6.3%
Net profit down 35% at Rs 224 crore vs Rs 343 crore
Minda Corp Q1 Earnings (Consol, YoY)
Net profit up 42% at Rs 64.2 crore vs Rs 45.2 crore
Revenue up 11% at Rs 1,192 crore vs Rs 1,074 crore
EBITDA up 15.1% at Rs 131 crore vs Rs 114 crore
Margin at 11% vs 10.6%
NOCIL Q1 Earnings (Consolidated, YoY)
Net profit down 21.1% at Rs 27.1 crore vs Rs 34.3 crore
Revenue down 6.2% at Rs 372 crore vs Rs 397 crore
EBITDA down 26.5% at Rs 41 crore vs Rs 55.8 crore
Margin at 11% vs 14.1%
PCBL Q1 Earnings (Consolidated, YoY)
Revenue up 59.1% at Rs 2,144 crore vs Rs 1,347 crore
EBITDA up 70% at Rs 358 crore vs Rs 211 crore
EBITDA margin at 16.7% vs 15.6%
Net profit up 7.8% at Rs 118 crore vs Rs 109 crore
Alembic Pharma Q1 Earnings (Consol, YoY)
Net profit up 11.7% at Rs 135 crore vs Rs 121 crore
Revenue up 5.1% at Rs 1,562 crore vs Rs 1,486 crore
EBITDA up 19.1% at Rs 237 crore vs Rs 199 crore
Margin at 15.2% vs 13.4%
JSW Steel Clarification
Continue to evaluate various financing opportunities
Issues clarification on media reports on Rs 2,500 crore fundraise via NCDs
Source: Exchange Filing
MRF Q1 Earnings (Consolidated, YoY)
Revenue up 11.7% at Rs 7,196 crore vs Rs 6,440 crore
EBITDA up 2.7% at Rs 1,159 crore vs Rs 1,129 crore
Margin at 16.1% vs 17.5%
Net profit down 3.1% at Rs 571 crore vs Rs 589 crore
Garden Reach Q1 Results (YoY)
Net profit up 13% at Rs 87 crore vs Rs 77 crore
Revenue up 33.6% at Rs 1,010 crore vs Rs 756 crore
EBITDA up 21.7% at Rs 56 crore vs Rs 46 crore
Margin at 5.5% vs 6.1%
Tsunami Warning Issued For Japan
Tsunami warning issued for Japan after 7.1 magnitude earthquake
Source: Japan Meteorological Agency
TVS Holdings Q1 Earnings (Consolidated, YoY)
Total income up 9.3% at Rs 10,483 crore vs Rs 9,588 crore
Net profit up 17.5% at Rs 481 crore vs Rs 409 crore
Metro Brands In Pact With New York-Based New Era Cap
In pact with New York-based New Era Cap for expansion in athleisure market
Source: Exchange Filing
Intellect Design Arena Banking Business Bags UAE Bank Deal
Transaction banking business gets deal from UAE's National Bank of Fujairah for digital banking transformation
Source: Exchange filing
Ceigall India Lowest Bidder For Rs 899 Crore Project
Emerges as lowest bidder for project worth Rs 899 crore by Delhi Metro Rail Corp
Company to develop Bhubaneswar Metro over 3 years
Emerges as preferred bidder for Rs 143 crore project to develop Kanpur Central bus terminal
Source: Exchange Filing
Bharat Forge Board Approves Fund Raise
Board approves raising up to Rs 2,000 crore
Board approves conversion of $12 million loan given to arm Bharat Forge America into equity
Board approves transfer of 39.43% stake in TMJ Electric Vehicles to arm Bharat Forge International
To transfer stake in JV Refu Drive GmbH to Kalyani Powertrain for a consideration of €11.5 million
Bharat Forge Q1 Earnings (Consolidated, YoY)
Net profit down 18.3% at Rs 175 crore vs Rs 214 crore
Margin at 18% vs 15.4%
EBITDA up 24.5% at Rs 741 crore vs Rs 595 crore
Revenue up 5.9% at Rs4,106 crore vs Rs 3,877 crore
NMDC Reduces Prices
Reduces price of lump ore to Rs 5,350/ton
Reduces price of fines to Rs 4,610/ton
Source: Exchange Filing
India Shelter Finance Q1 Earnings YoY
Total income up 38.7% at Rs 260 crore vs Rs 188 crore
Net profit up 77.5% at Rs 83.3 crore vs Rs 46.9 crore
GRM Overseas In Pact With Solariz Invest
In pact with Morocco-based Solariz Invest to expands global presence
Introduces flagship basmati rice brand in Morocco via Solariz Invest’s distribution network
Source: Exchange Filing
RBI Governor On US Recession Fears
US jobs data has led to speculations
US overall economic growth doing quite well
Immature to talk about US recession
We will watch all data, deal with situations
India’s resilient to external shocks
Click here for all updates on the RBI monetary policy meeting.
Fitch Ratings on Adani Energy Solutions
Recent equity fund raise to reduce reduce leverage below previous forecast
Sustenance of lower leverage, demonstrated access to equity, debt markets to support firm’s credit profile
Expect additional equity to bring EBITDA net leverage in FY25 to 5.5 times vs previous estimate of 6.0 times
Expect FY25/26 capex to rise to Rs 15500 crore per year
Lemon Tree Hotels Drops To Two Month Low After Net Profit Falls On Higher Expense
Lemon Tree Hotels Ltd. dropped to over two-month low on Thursday after its net profit fell more than expected during April–June as expenses rose during the period.
The luxury hotel operator reported Rs 20 crore net profit for the first quarter of the financial year 2025, down 28.6% from Rs 28 crore a year ago. The bottom line figure is below Rs 25 crore analysts projected in a Bloomberg's survey.
Nava Q1 Earnings Highlights (Consolidated, YoY)
Revenue rose 17.3% at Rs 1,222 crore vs Rs 1,042 crore
Ebitda rose 10% at Rs 590 crore vs Rs 536 crore
Margin at 48.3% vs 51.4%
Net profit rose 30% at Rs 446 crore vs Rs 343 crore
Board declares interim dividend of Rs 4 per share
Rupee Nears 84-Mark
It weakened to a record low of 83.99 against the US dollar.
Signatureglobal Shares Gain After Q1 Revenue More Than Doubles
Shares of Signatureglobal (India) Ltd. rose after posting a surge in its revenue by 141.61%.
The company recorded a revenue of Rs 400.6 crore for the quarter ended three months June as compared to Rs 166 crore for the same period last year, according to an exchange filing.
Gujarat Pipavav Shares Rise To One-Week High After Q1 Profit Jumps 62%
Gujarat Pipavav Port Ltd. rose to the highest level in one week on Thursday after its profit surged nearly 62% in the first quarter of fiscal 2025.
The company's consolidated net profit rose 61.8% on the year to Rs 110 crore in the quarter ended in June 2024, according to an exchange filing. The profit rose as expenses for the company moderated during the period.
CCL Products Hits Highest In A Year As Q1 Net Profit Meets Estimates
Shares of CCL Products (India) Ltd. jumped to hit its highest in over a year after its net profit for the quarter ended June was in-line with what the analysts had estimated.
CCL Products Q1 FY25 (Consolidated, YoY)
Revenue up 18.05% at Rs 773 crore versus Rs 655 crore (Bloomberg estimate Rs 774 crore).
Ebitda up 22.46% at Rs 130 crore versus Rs 106 crore (Bloomberg estimate Rs 128 crore).
Ebitda margin up 60 bps at 16.8% versus 16.2% (Bloomberg estimate 16.5%).
Net profit up 17.72% at Rs 71.47 crore versus Rs 60.71 crore (Bloomberg estimate Rs 69 crore).
ITD Cementation Surges As Q1 Profit Nearly Doubles
Shares of ITD Cementation India Ltd. jumped over 10% on Thursday after net profit during April–June and beat analysts' estimates.
Its consolidated net profit surged 91.43% on the year to Rs 100 crore for the first quarter against Rs 88 crore estimated by a Bloomberg's survey.
Yield On The 10-Year Bond Advances After MPC Maintains Status Quo
It was trading 6.87% as of 10:23 a.m. after opening flat at 6.86%.
Source: Cogencis
Equity Benchmarks Extend Losses
Rupee Trades With Little Change As RBI Maintains Status Quo
Before RBI Governor Shaktikanta Das started speech the Indian currency was trading at 83.94 against the US Dollar.
Ciegall India Lists At A Premium Of 2.99% On BSE
Lists at Rs 413 on BSE vs issue price of Rs 401
Lists at a premium of 2.99% on BSE
Lists at Rs 419 on NSE vs issue price of Rs 401
Lists at a premium of 4.49% on NSE
Source: Exchanges
Governor Shaktikanta Das To Announce Repo Rate Shortly
The Reserve Bank of India's Governor Shaktikanta Das will shortly announced the key rate decision, the final after the Union Budget and the Fed signalling chances of a rate cut in September. The six-member Monetary Policy Committee is anticipated to maintain the repo rate at 6.5%
Catch all the updates on RBI Monetary policy meeting here.
Godrej Consumer Falls As Q1 Results Miss Estimates
Godrej Consumer Products Ltd. fell over 4% on Thursday after the company's results for the April–June missed analysts' estimates.
Exicom Tele To Acquire Tritium Group EV Charger Ops
To acquire assets & business of Tritium Group in US & Australia via co's arms
Pact with Tritium Group to expand co's EV charger business globally
Source: Exchange Filing
Sensex, Nifty Open Lower Ahead Of MPC Outcome As Infosys Drags: Opening Bell
Benchmark equity indices were back in the red after one-day rise with Infosys dragging them by the most. The market now awaits the outcome of monetary policy meeting due later in the session.
At pre-open, the Nifty traded at 24248.55, down 0.20% or 48.95 points and the Sensex was at 79420.81, down 0.06% or 47.20 points.
According to Shrikant Chouhan, Head Equity Research, Kotak Securities, "As long as the market stays above this (24150/79150) level, the upward movement is likely to persist." He said Nifty and Sensex could rise to 24400-25550/80000-80450. "On the contrary, below 24150/79150, it may retest 24050-23900/78800- 78300 levels," he added. "A drop below 23900/78300 could push the indices to 23650/77500 levels."
Shares of Infosys Ltd., Reliance Industries Ltd., Larsen & Toubro Ltd., Bharti Airtel Ltd., and Mahindra & Mahindra Ltd. dragged the Nifty.
While those of HDFC Bank Ltd., ITC Ltd., Tata Motors Ltd., Titan Co. Ltd., and Sun Pharmaceutical Industries Ltd cushioned the fall.
Most sectoral indices were lower at open with Nifty IT being the top loser. Nifty Pharma hit its record high in the second consecutive session.
Broader indices were mixed. BSE Midcap fell 0.18% and BSE Smallcap rose 0.49%.
Twelve out of 20 sectoral indices on the BSE fell and eight rose. BSE Oil & Gas was the top loser.
Market breadth was skewed in the favour of buyers. As many as 1,801 stocks rose, 1,057 fell, and 117 remained unchanged on the BSE.
Yield On The 10-Year Bond Opens Flat Ahead Of RBI Policy Outcome
The yield on the 10-year bond opened flat at 6.86%.
It closed at 6.86% on Wednesday.
Source: Bloomberg
Rupee Opens Flat Ahead Of RBI Policy Outcome
Rupee opened flat at 83.94 against the US dollar.
It closed at 83.95 on Wednesday.
Source: Bloomberg
Nomura On Tata Motors
Maintains 'Buy', target at Rs 1303 implying 27% upside
Believes Tata Curvv breaks all key barriers for EV adoption
Latest launch significantly reducing range anxiety amongst consumers
Current market size of the segment at 50,000 units per month
Believes Curvv could gain 10-20% market share in segment, once all variants are launched
Key monitorables: reviews, customer feedback, ICE pricing
Believes passenger vehicle segment growth in second half to be better than first on good monsoons, upcoming festive season
Nazara Tech Resolution For Smaaash Approved
Co's resolution plan for Smaaash Entertainment approved
Co declared as 'Successful Resolution Applicant' in connection with acquisition of Smaaash
Source: Exchange Filing
Jefferies On Tata Motors
Maintains 'buy', target at Rs 1330 implying 30% upside
Tata's new mid- sized SUV Curvv fills key gap in portfolio
Tata's new SUV focused strategy has fueled market share recovery to 14% in FY24-Q1FY25
Expect 3,600/5,000 units per month from Curvv in FY25/26
Expect 11%/19% Ebitda/EPS CAGR over FY24-27
JSW Energy Arm Gets LoA From Solar Energy Corp.
Arm gets letter of award from Solar Energy Corp for supply of 230 MW firm & dispatchable renewable energy
Source: Exchange Filing
BSE Q1 Earnings (Consolidated, QoQ)
Revenue up 24.4% at Rs 608 crore vs Rs 488 crore
EBITDA at Rs 284 crore vs Rs 96 crore
Margin at 46.7% vs 19.7%
Net profit Rs 264 crore vs Rs 107 crore
Japan Trade Data
June trade surplus at ¥556.3 bn vs estimate of ¥350.7 bn
June current account surplus ¥1.534 trillion vs estimate of ¥1.865 trillion
June current account surplus at ¥1.534 trillion vs estimate of ¥1.865 trillion
Source: Bloomberg
Jefferies On India Equity Strategy
Results of 128 companies were analyzed.
FY25 Earnings downgrades were more than earnings upgrade
Downgrades for: Lending financials, Consumer discretionary, Cement, Chemical
Upgrades for: Consumer staples, Pharma generics, Capital market cos, Real estate
Key Positive: Improved outlook for IT cos
Key Positive: Firming up of rural demand
Global Cues
U.S. Dollar Index at 103.09
U.S. 10-year bond yield at 3.92%
Brent crude up 0.09% at $78.40 per barrel
Nymex crude up 0.21% at $75.39 per barrel
GIFT Nifty up 0.23% at 24,195 as of 7:46 a.m.
Bitcoin was up 3.7% at $57,209.340
F&O Cues
Nifty August futures up by 1.31% to 24,366 at a premium of 69 points.
Nifty August futures open interest down by 5.26%.
Nifty Bank August futures up by 1.29% to 50,340 at a premium of 221 points.
Nifty Bank August futures open interest up by 0.18%.
Nifty Options Aug. 8 Expiry: Maximum Call open interest at 25,000 and Maximum Put open interest at 24,000.
Bank Nifty Options Aug. 7 Expiry: Maximum Call Open Interest at 50,200 and Maximum Put open interest at 50,100.
Securities in ban period: Aditya Birla Capital, Aditya Birla Fashion, Birlasoft, GNFC, Hindustan copper, India Cements, India Mart Intermesh, LIC Housing Finance, Manappuram Finance, and RBL Bank.
Trading Tweaks
Ex/record Dividend: Rites.
Ex/record AGM: Udaipur Cement Works.
Moved out short-term Framework: Pondy Oxides & Chemicals, Vishnu Prakash R Punglia.
Pledge share Details
Apollo Hospitals Enterprise: Promoter Suneeta Reddy revoked a pledge for 2.5 lakh shares on Aug. 5.
Lloyds Metals and Energy: Promoter Thriveni Earthmovers created a pledge for 1.02 crore shares on Aug. 5.
Insider Trades
Adani Power: Promoter Hibiscus Trade and Investment Ltd. bought 92 lakh shares on Aug. 5.
Bulk Deals
TCNS Clothing: TA FDI Investors sold 11.8 lakh shares (1.86%) at Rs 580.08 apiece.
Sapphire Foods: Arinjaya (Mauritius) Ltd. sold 23.9 lakh shares (3.74%) at Rs 1649.94 apiece, and Kotak Mahindra Mutual Fund bought 5.99 lakh shares (0.93%) at Rs 1650 apiece.
Venky's (India): Deepak Bhagnani sold 0.94 lakh shares (0.66%) at Rs 2179.41 apiece, Kirti Bhagnani sold 1.11 lakh shares (0.78%) at Rs 2180.73 apiece and Tasha Investment Advisors Llp sold 0.82 lakh shares (0.58%) at Rs 2172.06 apiece. Navodya Enterprises bought 2.1 lakh shares (1.49%) at Rs 2180.28 apiece and SPV Traders bought 0.8 lakh shares (0.56%) at Rs 2191.59 apiece.
Block Deals
Shanti Educational Initiatives: Legends Global Opportunities (Singapore) Pte. Ltd. bought 8 lakh shares (0.49%) at Rs 145.55 apiece, and Lgof Global Opportunities Limited sold 8 lakh shares (0.49%) at Rs 145.55 apiece.
Adani Energy Solutions: Bnp Paribas Financial Markets bought 1.23 lakh shares (0.01%) at Rs 1113.65 apiece, and Citigroup Global Markets Mauritius Pvt Ltd sold 1.23 lakh shares (0.01%) at Rs 1113.65 apiece.
ADF Foods: Dovetail Global Fund PCC-Marcellus India Fund bought 38.45 lakh shares (3.49%) at Rs 220 apiece, and Infinity Holdings sold 38.45 lakh shares (3.49%) at Rs 220 apiece.
IPO Offering
Brainbees Solutions: The public issue was subscribed to 0.3 times on day 2. The bids were led by institutional investors (0.03 times), retail investors (1.06 times) and reserved for employees (3.44 times) and non-institutional investors (0.3 times).
Unicommerce eSolutions: The public issue was subscribed to 12.23 times on day 2. The bids were led by institutional investors (0.8 times), retail investors (35.57 times) and non-institutional investors (19.51 times).
Listing Day
Ceigall India: The company's shares will debut on the stock exchanges on Thursday at an issue price of Rs 401 apiece. The Rs 1,252.66-crore IPO was subscribed 13.78 times on its third and final day. Bids were led by institutional investors (31.5 times), retail investors (3.77 times), non-institutional investors (14.42 times), and employee reserve (11.55 times).
Earnings In Focus On Thursday
ABB India, Alembic Pharmaceuticals, Astral, AstraZeneca Pharma India, Avalon Technologies, Azad Engineering, Bayer Cropscience, Bharat Forge, Biocon, Birla Corp, Cochin Shipyard, Concor, Eicher Motors, Galaxy Surfactants, Greaves Cotton, Garden Reach Shipbuilders & Engineers, Gujarat State Petronet, HBL Power Systems, HealthCare Global Enterprises, IFCI, India Shelter Finance Corp, IRCON International, J.B.Chemicals & Pharmaceuticals, Life Insurance Corporation of India, Mayur Uniquoters, Global Health, Minda Corporation, MRF, NAVA, The New India Assurance Company, Nocil, OIL India, Page Industries, PCBL, Rail Vikas Nigam, Sail, Sandhar Technologies, Sansera Engineering, Sobha, Tega Industries, Timken India, TVS Holdings, and VA Tech Wabag.
Earnings Post Market Hours
Godrej Consumer Product Q1 FY25 (Consolidated, YoY)
Revenue down 3% at Rs 3,332 crore versus Rs 3,449 crore (Bloomberg estimate Rs 3,509 crore).
Ebitda up 7% at Rs 727 crore versus Rs 682 crore (Bloomberg estimate Rs 750 crore).
Ebitda margin at 21.8% versus 19.8% (Bloomberg estimate 21.4%).
Net profit up 41% at Rs 451 crore versus Rs 319 crore (Bloomberg estimate Rs 487 crore).
Board declares interim dividend of Rs 5 per share.
Gujarat Pipavav Port Q1 FY25 (Consolidated, YoY)
Revenue up 14.4% at Rs 246 crore versus Rs 215 crore.
Ebitda up 40.2% at Rs 150 crore versus Rs 107 crore.
Ebitda margin at 61% versus 49.8%.
Net profit up 61.8% at Rs 110 crore versus Rs 68 crore.
GMM Pfaudler Q1 FY25 (Consolidated, YoY)
Revenue down 14% at Rs 785 crore versus Rs 912 crore (Bloomberg estimate Rs 992 crore).
Ebitda down 32% at Rs 88 crore versus Rs 129 crore (Bloomberg estimate Rs 149 crore).
Ebitda margin at 11.2% versus 14.2% (Bloomberg estimate 15%).
Net profit down 52% at Rs 24 crore versus Rs 50 crore (Bloomberg estimate Rs 74 crore).
Chemplast Sanmar Q1 FY25 (Consolidated, YoY)
Revenue up 14.95% at Rs 1,145 crore versus Rs 996 crore (Bloomberg estimate Rs 1,167 crore).
Ebitda at Rs 125 crore versus loss of Rs 36 crore (Bloomberg estimate Rs 86 crore).
Ebitda margin 10.91% (Bloomberg estimate 7.3%).
Net profit at Rs 24 crore versus loss of Rs 64 crore (Bloomberg estimate loss of Rs 2 crore).
Welspun Corp Q1 FY25 (Consolidated, YoY)
Revenue down 22.91% at Rs 3,137 crore versus Rs 4,069 crore (Bloomberg estimate Rs 4,349 crore).
Ebitda up 1.63% at Rs 374 crore versus Rs 368 crore (Bloomberg estimate Rs 307 crore).
Ebitda margin up 287 bps at 11.92% versus 9.04% (Bloomberg estimate 7.1%).
Net profit up 47.61% at Rs 248 crore versus Rs 168 crore (Bloomberg estimate Rs 248 crore).
The company to buy Weetek Plastic for Rs 85 crore.
Radico Khaitan Q1 FY25 (Consolidated, YoY)
Revenue up 9.12% at Rs 1,137 crore versus Rs 954 crore.
Ebitda up 24.68% at Rs 149 crore versus Rs 119 crore.
Ebitda margin up 58 bps at 13.1% versus 12.5%.
Net profit up 13.36% at Rs 77.38 crore versus Rs 68.26 crore.
ITD Cementation Q1 FY25 (Consolidated, YoY)
Revenue up 29.95% at Rs 2381 crore versus Rs 1833 crore (Bloomberg estimate Rs 2,202 crore).
Ebitda up 37.06% at Rs 221 crore versus Rs 162 crore (Bloomberg estimate Rs 231 crore).
Ebitda margin up 48 bps at 9.29% versus 8.81% (Bloomberg estimate 10.5%).
Net profit up 91.43% at Rs 100 crore versus Rs 52.33 crore (Bloomberg estimate Rs 88 crore).
Lemon Tree Hotels Q1 FY25 (Consolidated, YoY)
Revenue up 19.6% at Rs 268 crore versus Rs 224 crore (Bloomberg estimate Rs 268 crore).
Ebitda up 8.5% at Rs 115 crore versus Rs 106 crore (Bloomberg estimate Rs 123 crore).
Margin at 43% versus 47.3% (Bloomberg estimate 46%).
Net profit down 28.6% at Rs 20 crore versus Rs 28 crore (Bloomberg estimate Rs 25 crore).
Balaji Amines Q1 FY25 (Consolidated, YoY)
Revenue down 17% at Rs 385 crore versus Rs 464 crore (Bloomberg estimate Rs 418 crore).
Ebitda down 32.6% at Rs 66 crore versus Rs 98 crore (Bloomberg estimate Rs 103 crore).
Margin at 17.2% versus 21.1% (Bloomberg estimate 24.5%).
Net profit down 32.7% at Rs 45.6 crore versus Rs 67.7 crore (Bloomberg estimate Rs 70 crore).
Krishna Institute of Medical Sciences Q1 FY25 (Consolidated, YoY)
Revenue up 13.53% at Rs 688 crore versus Rs 606 crore (Bloomberg estimate Rs 679 crore).
Ebitda up 14.01% at Rs 179 crore versus Rs 157 crore (Bloomberg estimate Rs 176 crore).
Ebitda margin up 10 bps at 26.01% versus 25.9% (Bloomberg estimate 25.9%).
Net profit up 9.19% at Rs 95 crore versus Rs 87 crore (Bloomberg estimate 82 crore).
Apollo Tyres Q1 FY25 (Consolidated, YoY)
Revenue up 1.4% at Rs 6,335 crore versus Rs 6,245 crore (Bloomberg estimate Rs 6,332 crore).
Ebitda down 13.4% at Rs 910 crore versus Rs 1,051 crore (Bloomberg estimate Rs 992 crore).
Margin at 14.4% versus 16.8% (Bloomberg estimate 15.7%).
Net profit down 24% at Rs 302 crore versus Rs 397 crore (Bloomberg estimate Rs 376 crore).
ESAB India Q1 FY25 (Consolidated, YoY)
Revenue up 10.5% at Rs 330 crore versus Rs 298 crore.
Ebitda up 7.4% at Rs 62.1 crore versus Rs 57.8 crore.
Margin at 18.8% versus 19.4%.
Net profit up 5% at Rs 44.5 crore versus Rs 42.4 crore.
NHPC Q1 FY25 (Consolidated, YoY)
Revenue down 2.3% at Rs 2,694 crore versus Rs 2,757 crore (Bloomberg estimate: Rs 2,827 crore).
Ebitda down 3% at Rs 1,463 crore versus Rs 1,505 crore (Bloomberg estimate: Rs 1,468 crore).
Ebitda margin at 54.3% versus 54.6% (Bloomberg estimate: 51.9%).
Net profit up 1% at Rs 1,108 crore versus Rs 1,095 (Bloomberg estimate: Rs 885 crore).
Happy Forgings Q1 FY25 (Consolidated, YoY)
Revenue up 3.33% at Rs 341 crore versus Rs 330 crore (Bloomberg estimate Rs 330 crore).
Ebitda down 3% at Rs 97 crore versus Rs 100 crore (Bloomberg estimate Rs 102 crore).
Ebitda margin down 185 bps at 28.44% versus 30.3% (Bloomberg estimate 30.8%).
Net profit at Rs 64 crore versus Rs 64 crore (Bloomberg estimate Rs 64 crore).
Sula Vineyards Q1 FY25 (Consolidated, YoY)
Revenue up 10.2% at Rs 121 crore versus Rs 108 crore (Bloomberg estimate Rs 117 crore).
Ebitda up 12% at Rs v34 crore versus Rs 30.3 crore (Bloomberg estimate Rs 34 crore).
Margin at 28% versus 27.9% (Bloomberg estimate 29%).
Net profit up 6.9% at Rs 14.6 crore versus Rs 13.7 crore.
Neogen Chemicals Q1 FY25 (Consolidated, YoY)
Revenue up 9.1% at Rs 180 crore versus Rs 165 crore (Bloomberg estimate Rs 201 crore).
Ebitda up 9.7% at Rs 30.8 crore versus Rs 28.1 crore (Bloomberg estimate Rs 35 crore).
Margin flat at 17% (Bloomberg estimate 17.6%).
Net profit up 17.6% at Rs 11.5 crore versus Rs 9.8 crore (Bloomberg estimate Rs 12 crore).
CCL Products Q1 FY25 (Consolidated, YoY)
Revenue up 18.05% at Rs 773 crore versus Rs 655 crore (Bloomberg estimate Rs 774 crore).
Ebitda up 22.46% at Rs 130 crore versus Rs 106 crore (Bloomberg estimate Rs 128 crore).
Ebitda margin up 60 bps at 16.8% versus 16.2% (Bloomberg estimate 16.5%).
Net profit up 17.72% at Rs 71.47 crore versus Rs 60.71 crore (Bloomberg estimate Rs 69 crore).
Kirloskar Oil Engines Q1 FY25 (Consolidated, YoY)
Revenue up 6% at Rs 1,636 crore versus Rs 1,543 crore.
Ebitda up 21.4% at Rs 323 crore versus Rs 266 crore.
Margin at 19.7% versus 17.2%.
Net profit up 23.8% at Rs 156 crore versus Rs 126 crore.
Aadhar Housing Finance Q1 FY25 (Consolidated, YoY)
Total income up 20.6% at Rs 697 crore versus Rs 578 crore.
Net profit up 37% at Rs 200 crore versus Rs 146 crore.
Signatureglobal Q1 FY25 (Consolidated, YoY)
Revenue up 141.61% at Rs 400.6 crore versus Rs 166 crore.
Ebitda loss at Rs 2 crore versus loss of Rs 10.1 crore.
Net profit at Rs 6.8 crore versus loss of Rs 7.2 crore.
Abbott India Q1 FY25 (Consolidated, YoY)
Revenue up 5.34% at Rs 1558 crore versus Rs 1479 crore (Bloomberg estimate Rs 1,612 crore).
Ebitda up 10.45% at Rs 391 crore versus Rs 354 crore (Bloomberg estimate Rs 407 crore).
Ebitda margin up 116 bps at 25.09% versus 23.93% (Bloomberg estimate 25.2%).
Net profit up 13.1% at Rs 328 crore versus Rs 290 crore (Bloomberg estimate 324 crore).
GIFT Nifty Trades Above 24,100
The August futures contract of the GIFT Nifty traded 0.21% higher at 24,190.00 as of 7:04 a.m.
The markets in Japan fell on Thursday as investors reviewed trade data. The Nikkei 225 dropped 612.81 points, or 1.75%, to 34,476.81 as of 06:27 a.m.
Other benchmarks in the Asia-Pacific region were also trading lower, following overnight losses on Wall Street. Traders awaited the Reserve Bank of India's interest rate decision. The Kospi and the S&P ASX 200 were down 1.43% and 0.61%, respectively, as of 06:29 a.m.
The S&P 500 and Nasdaq 100 rose 0.77% and 1.05%, respectively, on Wednesday. The Dow Jones Industrial Average increased by 0.60%.
Brent crude was trading 0.14% higher at $78.44 a barrel. Gold rose 0.21% to $2,387.89 an ounce.
The Indian benchmark stock indices ended a three-day losing streak on Wednesday. HDFC Bank Ltd. and Infosys Ltd. led the gains.
The NSE Nifty 50 closed 322.70 points, or 1.34%, higher at 24,315.25. The S&P BSE Sensex ended up 874.94 points, or 1.11%, at 79,468.01.
Foreign portfolio investors remained net sellers for the fourth consecutive session on Wednesday, offloading equities worth Rs 3,314.8 crore. Domestic investors were net buyers for the fourth consecutive session, purchasing equities worth Rs 3,801.2 crore, according to provisional data from the National Stock Exchange.
The Indian currency closed flat at 83.95 against the US dollar.
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