Investors are eagerly watching NTPC, Cochin Shipyard, Torrent Pharma, Divi’s Laboratories, Bosch, Adani Ports, Wipro, Aurobindo Pharma, Nazara Technologies, Rail Vikas Nigam, and Reliance Industries for their recent developments and performance metrics.
Starting with NTPC, the power giant has posted impressive numbers for the fourth quarter. The company reported a 33% year-over-year increase in net profit, amounting to ₹6,490 crore. This surge is coupled with a 7.6% rise in revenue, reaching ₹47,622 crore.
The boost in NTPC’s performance is attributed to a significant 4.15% rise in gross power generation, driven by increased power demand amid high temperatures across the country. To top it off, the board has recommended a final dividend of ₹3.25 per share.
Cochin Shipyard is another standout performer, reporting a staggering 558.1% year-over-year spike in profit to ₹258.88 crore. This astronomical increase is backed by a 114.3% jump in revenue, which climbed to ₹1,286 crore in the fourth quarter. Such remarkable growth in both profit and revenue highlights the company’s robust operational efficiency and market demand.
Torrent Pharma also delivered results, with a 56.4% year-over-year surge in net profit, reaching ₹449 crore, and a 10.2% rise in revenue to ₹2,745 crore. Looking ahead, Torrent Pharma plans to raise ₹5,000 crore through equity shares and convertible bonds via a qualified institutional placement, signaling its ambitious growth plans and strategic financial management.
Divi’s Laboratories with a 67.6% year-over-year increase in net profit, amounting to ₹538 crore, and an 18% rise in revenue to ₹2,303 crore. The company’s EBITDA saw a significant jump of 50.1%, reaching ₹731 crore. This performance underscores Divi’s strong market position and effective cost management.
Bosch continued its upward trajectory with a 41.5% year-over-year growth in net profit to ₹564.4 crore and a 4.2% increase in revenue to ₹4,233.4 crore. The board’s recommendation of a final dividend of ₹170 per share adds further value for shareholders.
Adani Ports and Wipro are in the news due to upcoming changes in the BSE Sensex. Adani Ports will replace Wipro in the index effective from June 24, marking a significant shift.
REC, HDFC AMC, Canara Bank, Cummins India, and Punjab National Bank will join the S&P BSE 100 index, while several others, including Page Industries and SBI Card, will be removed. Trent will replace Divi’s Laboratories in the S&P BSE Sensex 50 index.
Aurobindo Pharma reported a 79.6% year-over-year increase in net profit to ₹909 crore and a 17.1% rise in revenue to ₹7,580 crore. However, the US FDA inspected Unit III, a formulation manufacturing facility of the company’s subsidiary, Eugia Pharma Specialities, resulting in an Official Action Indicated (OAI) classification for the facility.
Nazara Technologies faced a challenging quarter with net profit dropping to ₹0.18 crore from ₹9.4 crore a year ago, primarily due to a ₹16.87 crore loss from discontinued operations. This significant decline has raised concerns among investors regarding the company’s strategic direction and operational efficiency.
Rail Vikas Nigam secured a ₹187.34 crore project from Maharashtra Metro Rail Corporation (Nagpur Metro) to construct six elevated metro stations in Phase 2, showcasing its capability and competitiveness in the infrastructure sector.
Reliance Industries is seeking approval from the Competition Commission of India for an $8.5-billion merger between Viacom18 and Star India Pvt Ltd. This merger aims to consolidate the entertainment businesses of Viacom18, part of the Reliance Industries group, and SIPL, wholly-owned by The Walt Disney Company.
