Yes Bank rises as its net profit surges by 155.3% YoY to Rs 619.4 crore in Q3FY25, helped by a reduction in provisions & contingencies. Revenue increases by 14.2% YoY due to improvements in the treasury, corporate, and retail banking segments. The bank’s asset quality also improves, with gross and net NPAs contracting by 40 bps YoY.
KEC International secures orders worth Rs 1,445 crore for transmission and distribution (T&D) projects in India. The orders include 800 kilovolt (kV) high-voltage direct current (HVDC) and 400 kV transmission line projects from Power Grid Corporation of India.
JK Cement's revenue falls marginally by 0.2% YoY to Rs 2,930.3 crore in Q3FY25. Net profit declines 33.2% YoY to Rs 189.6 crore due to higher inventory, freight & forwarding and employee benefits expenses. The company appears in a screener of stocks with decreasing profits for the past three quarters.
UltraTech Cement is reportedly in advanced talks to acquire Heidelberg Cement India, the Indian-listed arm of German cement giant Heidelberg, which owns a 69.4% stake in the firm. Other major Indian cement players, including the Adani Group and JSW Cement, have also shown interest in the company.
Godrej Consumer Products is falling as its net profit declines 14.2% YoY to Rs 498.3 crore in Q3FY25 due to higher raw materials, inventory, employee benefits, finance, depreciation & amortisation, and advertisement & publicity expenses. However, revenue grows 3.3% YoY to Rs 3,851.5 crore, driven by an improvement in the Indian and Indonesian markets. It appears in a screener of stocks where promoters decrease holding by more than 2% QoQ.
Bank of India is rising as its Q3FY25 net profit grows 36.6% YoY to Rs 2,516.7 crore. Revenue increases 21.6% YoY to Rs 19,956.9 crore, helped by an improvement in the treasury, retail, and wholesale segments. The bank's asset quality improves as its gross and net NPAs decline by 166 bps YoY and 56 bps YoY, respectively.
Macrotech Developers rises sharply as its net profit surges 87.6% YoY to Rs 944.4 crore in Q3FY25, helped by a tax refund of Rs 228.3 crore. Revenue grows 40.1% YoY to Rs 4,146.6 crore, driven by an improvement in presales and collections. It features in a screener of stocks with the highest foreign institutional investor (FII) holdings.
Satyanarayana Chava, CEO of Laurus Labs, states that 40% of the company's revenue comes from the anti-retroviral (ARV) business. He expects the company to achieve a 20% EBITDA margin by FY25 and anticipates strong orders in the Contract Development and Manufacturing Organization (CDMO) segment. Chava also emphasizes that he does not foresee any impact on the ARV business in 2025, as a significant portion of the revenue comes from US customers.
Torrent Pharmaceuticals is rising as its net profit grows 13.5% YoY to Rs 503 crore in Q3FY25, driven by lower finance cost and inventory destocking. Revenue increases 2.8% YoY to Rs 2,809 crore during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.
ICICI Bank is rising as its Q3FY25 net profit grows 14.8% YoY to Rs 11,792.4 crore. Revenue increases 13.1% YoY to Rs 48,376.9 crore, helped by an improvement in the treasury, retail, and corporate banking segments. The bank's asset quality improves as its gross and net NPAs decline by 34 bps YoY and 2 bps YoY, respectively.
InterGlobe Aviation's net profit falls 18.3% YoY to Rs 2,448.8 crore in Q3FY24 due to higher aircraft & engine rental, repair & maintenance cost, and foreign exchange loss. However, revenue grows by 13.7% YoY to Rs 22,110.7 crore during the quarter. The company features in a screener of stocks with improving cash flow from operations over the past two years.
JSW Steel is falling as its net profit plunges 70.3% YoY to Rs 717 crore in Q3FY25 due to higher inventory, finance, depreciation & amortisation, and power & fuel expenses. Revenue declines 1.4% YoY to Rs 41,525 crore, caused by lower realisations in steel. It shows up in a screener of stocks with high promoter pledges.