Stocks to Watch: ITC, Bajaj Finance, Vodafone Idea, Marico

In the recent financial reports, several prominent Indian companies have showcased a diverse range of performances.

ITC: ITC exhibited a robust standalone net profit growth of 10.75%, reaching ₹5,572 crore in the December quarter. Despite weaker operating numbers, increased other income, and reduced tax costs contributed to this positive outcome. The standalone revenue from operations saw a 1.6% uptick to ₹16,483.3 crore, primarily driven by the cigarette and FMCG segments.


Bajaj Finance: Bajaj Finance reported a consolidated net profit growth of 22% at ₹3,639 crore in the December quarter. Despite facing higher loan losses and provisions, the company’s net interest income surged by 29% year-on-year to ₹7,655 crore.

Vodafone Idea: Vodafone Idea witnessed a net loss of ₹6,986 crore in the December quarter, showing an improvement from the ₹8,738 crore loss in the previous quarter. However, the revenue experienced a slight dip of 0.4% sequentially, amounting to ₹10,673.1 crore.

Mahindra Logistics: Mahindra Logistics reported a net loss of ₹16.4 crore, slightly higher than ₹15.5 crore in the same period last year. Despite a 5.1% increase in revenue to ₹1,397.2 crore, Ebitda declined by 17.1% to ₹52.2 crore, and margins dropped from 4.7% to 3.7%.

Petronet LNG: Petronet LNG recorded a consolidated net profit of ₹1,213 crore for the December quarter, marking a substantial 41.7% increase from the previous quarter. The healthy operating numbers contributed to this growth, with revenue from operations growing by 17.7% sequentially to ₹14,747.2 crore.

Havells India: Havells India’s executive committee approved a strategic investment of up to $20 million in Havels International Inc., a wholly-owned subsidiary incorporated in Delaware. This investment aims to capitalize on new growth opportunities in the United States.

Marico: FMCG company Marico reported a consolidated net profit of ₹386 crore for the December quarter, reflecting a nearly 16% increase from the previous year. However, consolidated revenue from operations experienced a marginal decline of nearly 2%, amounting to ₹2,422 crore.

Piramal Enterprises: Piramal Enterprises posted a consolidated net loss of ₹2,377.6 crore for the December quarter, a significant shift from the ₹3,545.4 crore profit a year ago. This was attributed to an exceptional loss of ₹3,539.8 crore from its investments in alternative investment funds. Revenue from operations fell by almost 12% year-on-year to ₹2,476 crore.

Newgen Software: Newgen Software’s wholly-owned subsidiary secured a project valued at nearly ₹97 crore for digital product development, operational support, and related services to facilitate digitization in Singapore. The seven-year agreement aims to contribute to the ongoing digital transformation efforts.

In summary, the financial landscape for these companies reflects a mix of positive and challenging trends in the December quarter.

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