fbpx

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.

Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.​​

We will be happy to hear your thoughts

      Leave a reply

      Share Price India News
      Logo