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Today's Market at 08:25am
US Market (Futures)
Nasdaq = +46.60
Dow Jones = -56.40
S&P 500 = +9.30
European (Futures)
Ftse 100 = -5.70
Cac 40 = +12.20
Dax = +45.50
Asian
Nikkei 225 = +504.35
ASX 200 = +132.50 (Futures) (Trading Holiday)
Straits Times = -2.93
Hang Seng = +274.24
KOSPI = +18.44
Taiwan weighted = +396.56
Shanghai (SSE) = -1.52
Gift Nifty = 24493.00 (+102.50)
FII and DII Trading Activity for April 24, 2025 in Cash market:
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FIIs: Net Buy of ₹8,250.53 crore
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DIIs: Net Sell of ₹534.54 crore
Results Today:
Reliance Industries, Maruti Suzuki India, RBL Bank, Tata Technologies, L&T Finance, Cholamandalam Investment and Finance, DCB Bank, Force Motors, Hindustan Zinc, Chennai Petroleum Corporation, Dr Lal PathLabs, Lloyds Metals and Energy, Bank of Maharashtra, Mahindra Lifespace Developers, Motilal Oswal Financial Services, Oracle Financial Services Software, Poonawalla Fincorp, Rossari Biotech, Shriram Finance, Tejas Networks, VST Industries, Zenotech Laboratories, and Zensar Technologies will release their quarterly earnings on April 25.
Results on April 26
IDFC First Bank, Bhansali Engineering, Indiabulls Enterprises, India Cements, Mangalore Refinery and Petrochemicals, SBFC Finance, Ugro Capital, and Vakrangee will announce their quarterly earnings on April 26.
Quarterly Earnings
Axis Bank Q4 (Standalone YoY):
- Profit declines 0.2% to Rs 7,117.5 crore Vs Rs 7,129.7 crore
- Net interest income rises 5.5% to Rs 13,810.5 crore Vs Rs 13,089 crore
- Provisions & Contingencies grow 14.7% to Rs 1,359.4 crore Vs Rs 1,185.3 crore
- Provisions & Contingencies fall 36.9% to Rs 1,359.4 crore Vs Rs 2,155.6 crore (QoQ)
- Gross NPA drops to 1.28% Vs 1.46% (QoQ)
- Net NPA falls to 0.33% Vs 0.35% (QoQ)
Tech Mahindra Q4 (Consolidated QoQ):
- Profit jumps 18.7% to Rs 1,166.7 crore Vs Rs 983.2 crore
- Revenue rises 0.7% to Rs 13,384 crore Vs Rs 13,285.6 crore
- EBIT increases 4.1% to Rs 1,405.3 crore Vs Rs 1,350.2 crore
- EBIT margin expands to 10.5% Vs 10.2%
L&T Technology Services Q4 (Consolidated QoQ):
- Profit falls 3.5% to Rs 311.1 crore Vs Rs 322.4 crore
- Revenue grows 12.4% to Rs 2,982.4 crore Vs Rs 2,653 crore
- EBIT declines 6.6% to Rs 3,939 crore Vs Rs 4,219 crore
- Margin drops to 13.2% Vs 15.9%
- Revenue in dollar terms increases 10.7% to $345.1 million Vs $311.9 million
- Board recommends final dividend of Rs 38 per share for FY25
- Company expects FY26 to be a better year than FY25, with a double-digit revenue growth in constant currency
Macrotech Developers Q4 (Consolidated YoY)
- Profit surges 38.4% to Rs 922.8 crore Vs Rs 667 crore
- Revenue rises 5.1% to Rs 4,224.3 crore Vs Rs 4,018.5 crore
- Board recommends final dividend of Rs 4.25 per share
Cyient Q4 (Consolidated QoQ):
- Profit zooms 39.3% to Rs 170.4 crore Vs Rs 122.3 crore
- Revenue declines 0.9% to Rs 1,909.2 crore Vs Rs 1,926.4 crore
- Other income stands at Rs 41 crore Vs other income (loss) at Rs 16.6 crore
- Board recommends final dividend of Rs 14 per share
SBI Cards and Payment Services Q4 (YoY):
- Profit drops 19.4% to Rs 534.2 crore Vs Rs 662.4 crore
- Revenue rises 7.5% to Rs 4,674 crore Vs Rs 4,347.7 crore
- Gross NPA ratio at 3.08%
- Net NPA ratio at 1.46%
SBI Life Insurance Company Q4 (YoY):
- Profit increases 0.3% to Rs 813.5 crore Vs Rs 810.8 crore
- Net premium income falls 5% to Rs 23,860.7 crore Vs Rs 25,116.5 crore
- Net commission grows 17.2% to Rs 997.8 crore Vs Rs 851.4 crore
Aavas Financiers Q4 (YoY):
- Profit grows 7.8% to Rs 153.7 crore Vs Rs 142.6 crore
- Net interest income jumps 14.5% to Rs 371.5 crore Vs Rs 324.5 crore
Nelco Q4 (Consolidated YoY):
- Loss stands at Rs 4.08 crore Vs profit of Rs 6.12 crore
- Revenue sinks 17.3% to Rs 67.5 crore Vs Rs 81.6 crore
Tanla Platforms Q4 (Consolidated YoY):
- Profit drops 9.9% to Rs 117.3 crore Vs Rs 130.2 crore
- Revenue grows 1.9% to Rs 1,024.4 crore Vs Rs 1,005.5 crore
- Board declares second interim dividend of Rs 6 per share for FY25
Indian Energy Exchange (IEX) Q4 (Consolidated YoY):
- Profit increases 21.1% to Rs 117.1 crore Vs Rs 96.7 crore
- Revenue rises 17.3% to Rs 142.2 crore Vs Rs 121.3 crore
Key Corporate Developments and Updates
RITES:
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RITES has received a work order worth Rs 28 crore from Mahanadi Coalfields (MCL) for detailed engineering and project management consultancy services.
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This is for rail connectivity work related to the proposed Phase-II SILO at the Lakhanpur area of MCL.
Power Grid Corporation:
POWERGRID Energy Services, a subsidiary of Power Grid Corporation, has commissioned an 85 MW solar PV power plant in Ujjain, Madhya Pradesh, which became commercially operational on April 24.
Container Corporation of India:
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Container Corporation of India has signed an MoU with GAIL (India) to develop LNG infrastructure at various CONCOR terminals across India.
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The aim is to ensure uninterrupted LNG fuel supply for CONCOR’s road transportation needs.
Wipro: Wipro has launched a GitHub Center of Excellence (CoE) in Bengaluru. The initiative is focused on accelerating AI innovation.
Bannari Amman Spinning Mills:
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The Board has approved a rights issue of 1.50 crore equity shares worth Rs 40.71 crore, priced at Rs 27 per share.
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The rights issue will open on May 13 and close on May 26.
Bharat Heavy Electricals (BHEL):
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BHEL experienced a minor fire incident on a garbage heap at its Bhopal unit.
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The fire was swiftly handled by the CISF fire team with assistance from municipal fire tenders and the SDRF.
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It was contained within the plantation area with no damage to machinery, plant, or property, and no injuries or casualties were reported.
Gujarat Industries Power Company: The company has commissioned the first phase (25 MW) of a 75 MW group captive solar project at Vastan.
PB Fintech: The company is set to make an investment of Rs 539 crore into the unit PB Healthcare Services.
Stocks Trade Ex-Dividend:
Muthoot Finance, Sanofi India
Stock Trades Ex-Date for Split:
Ami Organics
Stock Trades Ex-Date for Income Distribution (InvIT):
Intelligent Supply Chain Infrastructure Trust
Stocks in F&O Ban Period:
NIL
Source: Moneycontrol, NDTVPROFIT, NSE India, Investing.com
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