Stocks to watch: NTPC, Cochin Shipyard, Adani Ports, Torrent Pharma, Wipro, Nazara Tech

Cochin Shipyard:

• Profit: Up 558.1% YoY to ₹258.88 crore.
• Revenue: Increased 114.3% to ₹1,286 crore in Q4.

Torrent Pharma:

• Net Profit: Up 56.4% YoY to ₹449 crore.
• Revenue: Increased 10.2% to ₹2,745 crore in Q4.
• Plan: Raise ₹5,000 crore via equity shares and convertible bonds through QIP.

Divi’s Laboratories:

• Net Profit: Up 67.6% YoY to ₹538 crore.
• Revenue: Increased 18% to ₹2,303 crore in Q4.
• EBITDA: Up 50.1% to ₹731 crore.

Glenmark Pharma:

• Net Loss: Widened to ₹1,238.6 crore in Q4FY24, from ₹549.4 crore a year ago.
• Revenue: Grew 2.1% to ₹3,063 crore.

Bosch:

• Net Profit: Up 41.5% YoY to ₹564.4 crore.
• Revenue: Increased 4.2% to ₹4,233.4 crore.
• Dividend: Final dividend of ₹170 per share recommended.

Karnataka Bank:

• Profit: Down 22.5% YoY to ₹274.2 crore.
• Net Interest Income: Fell 3% to ₹834 crore in Q4.
• Pre-Provision Operating Profit: Dropped 27.1% to ₹499.8 crore.

United Spirits:

• Net Profit: Up 136.3% YoY to ₹241 crore.
• Revenue (excluding excise duty): Increased 11.2% to ₹2,783 crore in Q4.
• EBITDA: Up 42.1% to ₹334 crore.

Adani Ports, Wipro:

• Index Changes: Adani Ports and Special Economic Zone to replace Wipro in BSE Sensex from June 24. Other changes in the S&P BSE 100 and S&P BSE Sensex 50 indexes include additions and removals of several companies.

Aurobindo Pharma:

• Net Profit: Up 79.6% YoY to ₹909 crore.
• Revenue: Increased 17.1% to ₹7,580 crore.
• EBITDA: Up 68.3% to ₹1,687 crore.
• Inspection: US FDA inspection at Unit III (Eugia Pharma Specialities) classified as Official Action Indicated (OAI).

Aster DM:

• Expansion: Agreement with Cauvery Medical Centre to add 350 beds to Aster CMI Hospital.

Tata Steel:

• Legal Update: Calcutta High Court dismissed writ petition on loan waiver from Steel Development Fund. Tata Steel may seek further legal remedies for the ₹2,751.17 crore loan.

Doms Industries:

• Net Profit: Up 29.6% YoY to ₹46.9 crore.
• Revenue: Increased 20% to ₹403.7 crore.
• EBITDA: Grew 22.6% to ₹75.9 crore.

Nazara Technologies:

• Net Profit: Dropped significantly to ₹0.18 crore in Q4FY24 from ₹9.4 crore a year ago due to a ₹16.87 crore loss from discontinued operations.

Rail Vikas Nigam:

• New Project: Secured a ₹187.34 crore project from Maharashtra Metro Rail Corporation for six elevated metro stations in Phase 2.

Sun TV Network:

• Net Profit: Up 9% YoY to ₹414.7 crore.
• Revenue: Increased 14.4% to ₹961.3 crore in Q4.

Reliance Industries:

• Merger: Seeking CCI approval for $8.5 billion merger of Viacom18 and Star India Pvt Ltd to combine entertainment businesses.

Indiabulls Housing Finance:

• Net Profit: Up 21.6% YoY to ₹319.4 crore.
• Net Interest Income: Fell 19.9% to ₹281 crore.

Suzlon Energy:

• Net Profit: Declined nearly 21% to ₹254 crore in Q4FY24.
• Total Income: Rose to ₹2,207.43 crore.

Narayana Hrudayalaya:

• Net Profit: Up 17.7% YoY to ₹195 crore for Q4FY24.
• Revenue: Increased 4.7% to ₹1,279.4 crore.

Hindustan Construction Company:

• Net Profit: Up 22.12% YoY to ₹246.2 crore.
• Total Income: Stood at ₹1,813.05 crore.

Ashok Leyland:

• CFO Appointment: KM Balaji appointed as CFO. Current CFO Gopal Mahadevan will continue as Director of Strategic Finance and M&A.

Jio Financial Services:

• New Venture: Entering device leasing business; seeking shareholder approval for Jio Leasing Services to acquire equipment worth ₹36,000 crore from Reliance Industries’ retail arm.

Easy Trip Planners:

• Net Loss: ₹15.08 crore in Q4, compared to a profit of ₹31.06 crore a year ago.
• Revenue: Increased 40.7% to ₹164 crore.
• Strategic Shift: Co-founder and CEO Nishant Pitti withdrew personal bid for GoAir acquisition to focus on other priorities.

Shaily Engineering Plastics:

• CFO Appointment: Paresh Jain appointed as CFO effective May 24. Sanjay Shah to focus on strategic roles.

Astra Microwave Products:

• Net Profit: Up 302.3% YoY to ₹54.4 crore.
• Revenue: Increased 37% to ₹354 crore.
• EBITDA: Up 135.5% to ₹80.7 crore.

Affle India:

• Net Profit: Up 40.2% YoY to ₹87.5 crore.
• Revenue: Increased 42.3% to ₹506.2 crore.

HDFC Asset Management Company:

• Resignation: Mudeita Patrao resigned as Head of Digital effective June 21, 2024.

Hero MotoCorp:

• Tax Update: Filed rectification applications for reassessment orders, reducing original tax demand from ₹604.87 crore to ₹177.96 crore. Appeals filed against the revised orders.

Divgi Torqtrans:

• Net Sales: Down 11.28% YoY to ₹65.06 crore in March 2024.
• Net Profit: Down 31.55% to ₹9.21 crore.
• EBITDA: Down 16.71% to ₹18.24 crore.

Harrisons Malyalam:

• Net Sales: Up 19.56% YoY to ₹140.98 crore in March 2024.
• Net Loss: Widened to ₹9.55 crore, down 2245.9% from ₹0.45 crore loss in March 2023.
• EBITDA: Down 34% to ₹3.30 crore.

Paras Defence and Space Technologies:

• Net Profit: Down 18.9% YoY to ₹9.6 crore.
• Revenue: Increased 22.4% to ₹79.7 crore.

ZF Commercial Vehicle Control Systems India:

• Net Profit: Down 1% YoY to ₹100.2 crore.
• Revenue: Decreased 1.9% to ₹958.6 crore.

Zuari Agro Chemicals:

• Net Profit: ₹77.4 crore in Q4, compared to a loss of ₹426.7 crore YoY.
• Revenue: Down 33% to ₹897.7 crore.