Stocks to Watch Today: Ashok Leyland, Cochin Shipyard, NMDC, Patanjali Foods and Reliance Infra in Focus

New Delhi : Several Indian stocks are expected to remain in the spotlight during Friday’s trading session as investors react to fresh corporate announcements, quarterly earnings and fundraising plans. Companies including Ashok Leyland, Cochin Shipyard, NMDC, Patanjali Foods and Reliance Infrastructure are among the names likely to attract market attention.

The latest developments come after the close of Thursday’s trading session and could influence investor sentiment as the market opens.

Earnings take centre stage

A large number of companies are scheduled to announce their quarterly results on Friday. The list includes Ashok Leyland, Cochin Shipyard, NMDC, Natco Pharma, Patanjali Foods, Reliance Infrastructure, Bharat Dynamics, Jupiter Wagons, Voltas and several other companies.

Among the companies that have already reported results after market hours, several delivered strong year-on-year growth, while others faced pressure on profitability.

Honasa Consumer

Honasa Consumer reported a strong first quarter. Revenue increased 27% year-on-year to Rs 756 crore from Rs 595 crore. EBITDA rose sharply by 140.2% to Rs 110 crore, while the EBITDA margin improved to 14.6% from 7.7%.

The company’s net profit also more than doubled to Rs 90.3 crore from Rs 41.3 crore.

Axiscades Technologies

Axiscades Technologies recorded a significant increase in revenue, which climbed 94.7% year-on-year to Rs 183 crore. However, the company remained under pressure at the bottom line.

EBITDA increased 38.1% to Rs 8.7 crore, but the EBITDA margin declined to 4.8% from 6.7%. The company reported a net loss of Rs 15 crore compared with a profit of Rs 21 crore in the previous year.

Rashtriya Chemicals & Fertilizers

Rashtriya Chemicals & Fertilizers reported steady improvement in its quarterly performance. Revenue grew 6.4% to Rs 3,586 crore, while EBITDA increased 39.4% to Rs 220 crore.

The EBITDA margin improved to 6.1% from 4.7%, and net profit rose 35.1% to Rs 73.5 crore.

Tata Motors Passenger Vehicles

Tata Motors Passenger Vehicles reported a mixed quarter. Revenue increased 9.3% year-on-year to Rs 95,799 crore, but profitability weakened considerably.

EBITDA fell 17.2% to Rs 6,326 crore, while the EBITDA margin declined to 6.6% from 8.7%. Net profit dropped 80.3% to Rs 775 crore from Rs 3,924 crore.

Jaguar Land Rover’s revenue declined 9.6% to £6 billion, while its EBIT margin fell to 2.8% from 4%. The company also said volumes were affected by supply constraints.

Endurance Technologies

Endurance Technologies delivered broad-based growth during the quarter. Revenue increased 30% to Rs 4,315 crore, while EBITDA rose 20.7% to Rs 536 crore.

Net profit increased 8% to Rs 245 crore. The EBITDA margin, however, moderated to 12.4% from 13.4%.

Welspun Living

Welspun Living reported a strong quarter, with revenue rising 23.7% to Rs 2,795 crore. EBITDA jumped 42.4% to Rs 321 crore, pushing the margin to 11.5%.

Net profit increased 83.6% to Rs 161 crore from Rs 88 crore a year earlier.

Technocraft Industries

Technocraft Industries also reported strong growth. Revenue increased 27.2% to Rs 805 crore, while EBITDA climbed 58.9% to Rs 178 crore.

The company’s EBITDA margin improved to 22.1% from 17.7%, while net profit rose 69.6% to Rs 134 crore.

Relaxo Footwears

Relaxo Footwears posted moderate but positive growth. Revenue increased 7.7% to Rs 705 crore, while EBITDA rose 8.8% to Rs 108.2 crore.

Net profit grew 12.4% to Rs 54.9 crore, with the EBITDA margin remaining broadly stable at 15.4%.

LG Electronics India

LG Electronics India reported strong growth across key financial indicators. Revenue rose 15.5% to Rs 7,233 crore, while EBITDA increased 26.2% to Rs 904 crore.

Net profit rose 27% to Rs 653 crore from Rs 513 crore. The EBITDA margin also improved to 12.5% from 11.4%.

Indigo Paints

Indigo Paints recorded another strong quarter, with revenue increasing 19.7% to Rs 370 crore. EBITDA climbed 40% to Rs 62 crore, while the margin improved to 16.8%.

Net profit rose 61.1% to Rs 41.8 crore from Rs 25.9 crore.

KRBL

KRBL’s revenue declined 5.6% to Rs 1,496 crore, but profitability improved significantly. EBITDA increased 59.6% to Rs 307 crore, while the EBITDA margin rose to 20.5% from 12.2%.

Net profit jumped 72.8% to Rs 261 crore.

Olectra Greentech

Olectra Greentech reported a 66% increase in revenue to Rs 576 crore. EBITDA rose 46.6% to Rs 69.2 crore, although the EBITDA margin moderated to 12% from 13.6%.

Net profit was broadly stable at Rs 25.9 crore compared with Rs 26 crore a year earlier.

Stocks in news

Apart from quarterly results, several corporate announcements could influence individual stocks during Friday’s session.

Rashtriya Chemicals & Fertilizers approved fundraising of up to Rs 1,100 crore through non-convertible debentures. Aditya Birla Real Estate’s arm Birla Estates entered the Navi Mumbai redevelopment segment through a Vashi project with an estimated revenue potential of around Rs 2,600 crore.

BPCL’s board is scheduled to consider fundraising through NCDs on August 18, while JSW Cement approved plans to raise up to Rs 500 crore through NCDs.

Indian Overseas Bank increased its three-month, one-year and three-year MCLR rates by 5 basis points each. Bank of Baroda also completed the issuance of $700 million in notes.

Samvardhana Motherson issued a corporate guarantee of Rs 1,600 crore for a subsidiary. DCX Systems’ joint venture ELTX Systems signed an additional non-binding MoU with the Tamil Nadu government to expand the scope of its proposed operations in the state.

ICICI Bank also completed the issuance of $300 million in senior unsecured fixed-rate notes.

What investors may watch

With a packed earnings calendar and several major corporate announcements, Friday’s session could see heightened activity in stocks across sectors including automobiles, infrastructure, banking, pharmaceuticals, cement, defence and consumer businesses.

Investors are likely to focus not only on revenue and profit growth but also on margins, management commentary, fundraising plans and the outlook for the coming quarters.

The combination of fresh earnings and company-specific developments means several stocks could remain volatile as the market digests the latest information.

News source: Information for this article was gathered from a variety of reliable news outlets.