Q4 Results for TVS, UltraTech, Tata Tech, Adani, and Other Companies: Profit Increases and Decreases, and Market Volatility.
Stocks to Watch: Positive signals from Asian markets suggest a likely upward opening for the domestic stock market on Tuesday, April 29th. At 7:25 AM, the GIFT Nifty futures were trading at 24,478, up 26 points (0.11%).
Stocks Under Investor Scrutiny Today
TVS Motor
The company's net profit for the March quarter increased by 67.5% year-on-year to ₹648.16 crore. Operating income rose by 16.09% to ₹11,542 crore during the same period.
UltraTech Cement
This Aditya Birla Group cement company reported a net profit of ₹2,482.04 crore in Q4FY25, a 9.92% increase. A 17% rise in sales volume and improved grey cement prices were the primary drivers.
Adani Total Gas
The company's consolidated net profit in Q4FY25 decreased by 7.9% to ₹154.59 crore, while operating income increased by 15.4% to ₹1,453.37 crore.
Adani Green Energy
The company's profit in the March quarter increased by 53.3% to ₹230 crore. Operating income rose by 21.6% to ₹3,073 crore. FY25 EBITDA increased by 22% to ₹8,818 crore.
Oberoi Realty
This Mumbai-based real estate company's profit decreased by 45.03% to ₹433.2 crore. The lack of new project launches during the quarter impacted revenue.
Central Bank of India
The public sector bank reported a net profit of ₹1,033.6 crore in the March quarter, a 28.13% increase. This growth was primarily due to higher non-interest income and lower provisions.
Go Digit General Insurance
The company's net profit in Q4 FY25 increased 2.2 times to ₹115.61 crore. However, a 3.13% decrease in net premiums was observed.
IDBI Bank
The bank reported a profit of ₹2,051 crore in Q4, a 26% increase. The bank's annual profit for FY25 increased by 33% to ₹7,515 crore.
Nippon Life India Asset Management
The company's net profit in the March quarter decreased by 13% to ₹298.6 crore, although a slight recovery was observed compared to the previous quarter.
Other Major Corporate Updates
Tata Motors: Is considering issuing bonds worth ₹500 crore; a decision will be made on May 2nd.
IndusInd Bank: Arun Khanna, Deputy CEO of the bank, has resigned.
Tata Technologies: TPG Rise Climate plans to sell a 3.9% stake.
Gensol Engineering: The Enforcement Directorate (ED) conducted raids on the company's various offices.
Wipro: The company has secured a 5-year IT infrastructure management contract from Vorwerk.
CESC: A 25-year power purchase agreement (PPA) has been signed for a 300 MW wind-solar project.
H.G. Infra Engineering: The company has received commercial operation approval for a ₹1,123 crore project.
