Stocks to Watch: Mankind Pharma, Tech Mahindra, IndiGo, Adani Green Energy, DLF, Ashok Leyland, and More

Here’s a summary of important updates on various companies that investors should keep an eye on:

Mankind Pharma: Mankind Pharma is acquiring Bharat Serums & Vaccines (BSV) for about ₹13,630 crore. This will strengthen its position in the women’s health and fertility drug market in India.

Tech Mahindra: The company reported a 29% increase in net profit for the quarter ending June 2024, reaching $102 million. This was due to a significant reduction in subcontracting costs. Revenue increased slightly to $1.56 billion, with notable growth in the healthcare sector. Although results were positive, they fell short of analysts’ expectations.

IndiGo: The airline will announce its Q1FY25 results on July 26. Despite challenges like a roof collapse at Delhi airport and a global Microsoft outage, IndiGo’s domestic market share increased to 61%. The airline also saw an 11% growth in capacity compared to last year. Revenue will depend on compensation from Pratt & Whitney for grounded planes.

Adani Green Energy: Adani Green reported a 95% rise in net profit to ₹629 crore for Q1FY25. Total income grew by 22.5% to ₹3,122 crore, driven by a 2,618 MW capacity addition.

DLF: DLF’s consolidated profit increased by 23% to ₹645.61 crore for Q1FY25, with total income rising to ₹1,729.82 crore.

Ashok Leyland: The company saw an 11.2% rise in EBITDA to ₹912 crore and a 5% increase in revenue to ₹8,599 crore. However, net profit fell by 8.7% to ₹526 crore due to a one-time tax charge.

Nestle India: Nestle India reported a 7% increase in net profit to ₹746.6 crore for Q1FY25, with revenue up by 3.3% to ₹4,814 crore. The company managed to grow despite challenges like food inflation and volatile commodity prices.

Ramco Cements: The company’s net profit fell by 55% to ₹35.5 crore for Q1FY25, while revenue dipped by 6.8% to ₹2,088.4 crore.

Jupiter Wagons: Jupiter Wagons saw a 46% rise in net profit to ₹91.9 crore for Q1FY25, with revenue increasing by 16.8% to ₹879.9 crore.

Axis Bank: Axis Bank reported a net profit of ₹6,035 crore for Q1FY25, up from ₹3,452 crore last year, but down 15% sequentially. Asset quality worsened, with gross NPAs rising to 1.54%.

Mphasis: Mphasis reported a 2.1% YoY increase in net profit to ₹404 crore for Q1FY25, with revenue growing by 4.6% to ₹3,422 crore.

United Breweries: The company’s net profit increased by 27.47% to ₹173.80 crore for Q1FY25, with revenue rising by 10.83% to ₹5,811.28 crore.

PNB Housing: PNB Housing reported a 25% rise in net profit to ₹433 crore for Q1FY25, with gross NPAs declining significantly.

JM Financial: JM Financial saw a 6.2% decline in net profit to ₹60.4 crore for Q1FY25, with revenue falling by 5.4% to ₹219 crore.

Venus Pipes & Tubes: The company reported a 58% increase in PAT to ₹27.55 crore for Q1FY25, with a revenue rise of 34% to ₹240.1 crore.

Go Digit General Insurance: The company saw a 22.1% growth in gross written premium to ₹2,660 crore and a 74.1% rise in profit to ₹101 crore for Q1FY25.

Glenmark Life Sciences: Glenmark’s profit fell by 17.7% to ₹111.5 crore for Q1FY25, with revenue growing slightly to ₹588.6 crore.

Mahanagar Gas: The company’s profit rose by 7.4% to ₹284.5 crore for Q1FY25, with revenue increasing slightly to ₹1,589.6 crore.

Chalet Hotels: Chalet Hotels reported a 31.6% decline in profit to ₹60.6 crore for Q1FY25, despite revenue growing by 16.2% to ₹361 crore.

Aavas Financiers: Aavas Financiers saw a 15% rise in profit to ₹126.1 crore for Q1FY25, with revenue growing by 16.2% to ₹542.4 crore.

Praj Industries: Praj Industries’ net profit jumped by 43.5% to ₹84.2 crore for Q1FY25, despite a slight decline in revenue.

Motilal Oswal Financial Services: The company’s profit grew by 68% to ₹883.6 crore for Q1FY25, with revenue jumping by 54% to ₹2,312.3 crore.

SJVN: SJVN received a Letter of Intent for the Darzo Lui pumped storage project, with an estimated cost of ₹13,947.50 crore.

Sobha: Anamudi Real Estates LLP is likely to sell a 5% stake in Sobha through block deals worth $100 million.

NHPC: NHPC appointed Sanjay Kumar Singh as the director of projects. Singh has extensive experience in power and infrastructure projects.

Bajaj Finserv: Bajaj Finserv’s Vidal Healthcare plans to roll out new services, including maternity services, in H2FY25.

Magadh Sugar & Energy: Sudershan Bajaj resigned as CFO, effective July 31.

IndusInd Bank: IndusInd Bank is expected to report strong growth in profit and NII for Q1FY25, driven by healthy loan growth.

Jagsonpal Pharmaceuticals: Jagsonpal is selling its Faridabad facility to Regalia Laminates LLP for ₹41 crore.

Chennai Petroleum Corporation: The company’s net profit fell by 38% to ₹342.6 crore for Q1FY25, with revenue dipping slightly.

Texmaco Rail & Engineering: Texmaco acquired Jindal Rail Infrastructure Limited for around ₹615 crore to expand its rolling stock business.

DCB Bank: DCB Bank reported a slight increase in net profit to ₹131.4 crore for Q1FY25, with advances and deposits growing significantly.

AU Small Finance Bank: AU Small Finance Bank’s net profit rose by 29.9% to ₹502.57 crore for Q1FY25, with a stable NPA ratio.

Ujjivan Small Finance Bank: Ujjivan reported a 7% decline in net profit to ₹301 crore for Q1FY25, with increased provisions.

Bharti Airtel: Airtel Africa reported a net profit of $7 million for Q1FY25, compared to a $170 million loss a year ago, despite a decline in revenue due to currency devaluation.

These companies have reported various financial results and strategic moves that make them interesting to watch in the coming days.