Buzzing Stocks to Watch Today: ITC, Adani Wilmar, NTPC, IndusInd Bank & More as Q2 Earnings Shake Up Sensex and Nifty

Let’s take a quick look at the key stocks that could make headlines in today’s trading.

ITC Ltd.
The tobacco and hospitality giant ITC announced its Q2FY25 results on Thursday, October 24, reporting a 3% rise in net profit to ₹5,078.3 crore from ₹4,927 crore in the same period last year. ITC’s revenue from operations increased by 17%, reaching ₹19,327.8 crore compared to ₹16,550 crore a year ago.

NTPC Limited
NTPC, a major state-owned power producer, recorded a 14% increase in consolidated net profit for the September quarter, amounting to ₹5,380.25 crore, up from ₹4,726.40 crore in the previous year. While total income saw a minor decline to ₹45,197.77 crore from ₹45,384.64 crore last year, NTPC’s board approved an interim dividend of ₹2.50 per share for FY25, payable on November 18, 2024.

Adani Wilmar
Adani Wilmar reported a robust 18% increase in revenue, totaling ₹14,460 crore on a year-over-year (YoY) basis. The company turned around its losses from Q2FY24, posting a consolidated profit of ₹311 crore, up from a loss of ₹131 crore last year. The company’s first-half FY25 operating EBITDA reached a record ₹1,232 crore, marking a 349% YoY increase. Its Q2 operating EBITDA alone was ₹612 crore, up by 325% YoY. Adani Wilmar also posted a record half-yearly Profit After Tax (PAT) of ₹624 crore.

ACC Ltd.
The cement company ACC reported a smaller-than-expected profit drop for the second quarter, thanks to consistent volume growth. Profit after tax decreased by 39% to ₹234 crore (₹2.34 billion), but exceeded analysts’ estimates of ₹218 crore. Sales grew by 15% during the quarter, with ACC expecting stronger cement demand in the second half of FY25, driven by post-monsoon construction activity.

Adani Total Gas Ltd.
This Adani Group and Total Energies joint venture reported a 6% rise in net profit for Q2, totaling ₹178 crore, up from ₹168 crore the previous year. Revenue from operations increased by 12% to ₹1,315 crore, supported by higher sales volumes despite rising gas prices. The increase in CNG and piped cooking gas volumes contributed to the strong performance.

IndusInd Bank
IndusInd Bank’s Q2 FY25 net profit saw a sharp decline, falling 40% YoY to ₹1,331 crore, largely due to rising loan loss provisions, which nearly doubled during the quarter. However, its net interest income (NII) grew 5% YoY to ₹5,347 crore. Net interest margin (NIM) also fell to 4.08% from 4.29%, showing reduced profitability.

JSW Energy
JSW Energy’s consolidated net profit for the September 2024 quarter rose marginally to ₹853 crore, compared to ₹850 crore in the same quarter last year. Revenue grew by 2% YoY, totaling ₹3,459 crore, up from ₹3,387 crore a year ago.

Dixon Technologies
Dixon Technologies saw a massive 265% YoY increase in net profits for Q2 FY2025, reaching ₹412 crore. The surge was driven by high demand for mobile phone production and an exceptional gain of ₹209.6 crore. The company’s revenues rose 120% YoY to ₹18,116 crore, compared to ₹4,944 crore a year earlier.

DCB Bank
DCB Bank posted a 23% YoY increase in net profit for Q2 FY25, amounting to ₹155 crore. Net interest income grew 7% YoY to ₹509 crore, while other income almost doubled to ₹200 crore due to higher fee-based income and treasury gains.

Suryoday Small Finance Bank
Suryoday Small Finance Bank recorded a 10% drop in net profit for Q2 FY2025, with profits falling to ₹45.4 crore, impacted by higher provisions of ₹67 crore, up from ₹27 crore last year. However, pre-provision operating profit rose 34.5% YoY to ₹127 crore, supported by a 27.4% increase in total income to ₹555 crore and a 35.7% rise in net interest income, which stood at ₹300 crore.

Market Insights

The Indian stock market looks set for a busy day, with major companies reporting mixed results. Investors are keeping a close eye on these stocks as they gauge market reactions.