Ashok Leyland posted their financial results for the quarter ended December 31, 2024.

On February 13, 2025, Ashok Leyland share price (NSE: ASHOKLEY) opened at ₹220.60, slightly up from its previous close of ₹219.35. At 9:54 AM, the share price of Ashok Leyland was trading at ₹222.05, up by 1.23% on the NSE.

Q3 FY 2025 Financial Highlights

The company reported an all-time high Q3 net profit of ₹762 crore, reflecting a 31% year-on-year (YoY) increase. EBITDA for the quarter stood at ₹1,211 crore, with a 12.8% margin, marking the eighth consecutive quarter of double-digit EBITDA performance. Additionally, revenues reached ₹9,479 crore, surpassing the previous year’s Q3 revenue of ₹9,273 crore.

The company’s export business also showed growth, with export volumes rising 33% YoY to 4,151 units, compared to 3,128 units in Q3 FY24.

A key financial milestone for Ashok Leyland was turning cash positive at the end of the quarter, achieving a net cash position of ₹958 crore, a sharp turnaround from the net debt of ₹1,747 crore at the end of Q3 FY24.

In terms of market leadership, Ashok Leyland stated that it maintained over 30% market share in the domestic MHCV segment and retained its top position in the Bus segment. The company also expanded its product portfolio with the launch of SAATHI, an entry-level light commercial vehicle (LCV), tapping into a new customer segment.

At the Bharat Mobility Global Expo, Ashok Leyland introduced an industry-first electric Port Terminal Tractor and India’s first 15-meter front-engine sleeper bus. Switch Mobility, its EV arm, showcased a concept electric truck in the 7.5T GVW range, further strengthening its commitment to sustainable mobility. The Defence, Power Solutions, and Aftermarket Businesses also continued their strong performance.

New Products in Line

Commenting on the performance, the Executive Chairman of Ashok Leyland, Mr Dheeraj Hinduja, said, “The steady progress we are making in profitability is backed by products that deliver superior performance coupled with robust customer engagement. Sales in international markets are showing strong growth, and we expect this momentum to accelerate with the launch of new products.”

He further added, “I compliment the management and all our team for delivering a record-breaking Q3 for the second year in a row. We are also continuing to invest in battery electric and alternate fuel products to maintain our technology leadership position. Switch has a healthy order book and has plans to come out with a series of products in the next 12 months.”

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Hindustan Aeronautics Ltd (HAL) reported its financial results for the quarter ended December 31, 2024.

On February 13, 2025, HAL share price opened at ₹3,615.00, up from its previous close of ₹3,594.15. At 9:47 AM, the share price of HAL was trading at ₹3,690.00, up by 2.67% on the NSE.

Q3 FY 2025 Financial Highlights

For the quarter ended December 31, 2024, the company reported a total income of ₹7,58,871 lakh, reflecting an increase compared to ₹6,51,870 lakh in the previous quarter and ₹6,52,126 lakh in the same period last year. The net profit for the quarter stood at ₹1,43,979 lakh, slightly lower than ₹1,51,049 lakh in the previous quarter but higher than ₹1,26,151 lakh in Q3 of the previous fiscal.

For the nine months ended December 31, 2024, the company’s total income reached ₹19,19,126 lakh, up from ₹16,95,162 lakh in the corresponding period of the previous year. Net profit for the same period rose to ₹4,38,742 lakh, a significant increase from ₹3,31,227 lakh in the prior year. For the full financial year ending March 31, 2024, the total income stood at ₹32,27,768 lakh, while the net profit was ₹7,62,095 lakh.

HAL Interim Dividend Record Date for FY 2025

The Board of Directors has approved the first interim dividend of ₹25 per fully paid-up (500%) equity share with a face value of ₹5 for the financial year 2024-25. The record date for determining eligible shareholders is Tuesday, February 18, 2025. The dividend will be distributed to all eligible shareholders on or before March 14, 2025.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

National Aluminium Company Limited (NALCO) Board of Directors has declared and approved an interim dividend of ₹4 per equity share of face value of ₹5 each.

On February 12, 2025, NALCO share price opened at ₹183.95 and closed at ₹189.45, up by 3.35%. The stock price touched its day’s high at ₹191.96.

NALCO Interim Dividend Record Date

The company stated that the Board of Directors, in their meeting held on February 10, 2025, approved the payment of the second interim dividend of ₹4 per share (80% on the face value of ₹5 each) on the paid-up equity share capital of ₹918.32 crore for the financial year 2024-25.

The company has set February 14, 2025, as the record date to determine eligible shareholders for this dividend. The payment will be made on or before March 10, 2025, to all eligible shareholders whose names appear in the Register of Members as of the record date.

Q3 FY 2025 Financial Highlights

NALCO has reported a threefold increase in net profit for Q3 FY25. The company’s net profit surged to ₹1,583 crore, a significant jump from ₹488 crore in the corresponding quarter of the previous year. NALCO’s total income for Q3 FY25 stood at ₹4,761 crore, compared to ₹3,398 crore in Q3 FY24.

For the nine months ended December 2024, NALCO recorded a net profit of ₹3,246 crore and revenue from operations of ₹11,520 crore. These figures reflect a 211% increase in net profit and a 20% rise in revenue compared to the previous year’s ₹1,044 crore in net profit and ₹9,570 crore in revenue from operations.

About NALCO

NALCO is a Navratna PSU, under the Ministry of Mines, Govt. of India. It is India’s leading manufacturer and exporter of alumina and aluminium.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

On Thursday, February 13, 2025, the Indian benchmark indices Sensex and Nifty 50 are expected to open on a tepid note tracking mixed performance from global markets. Check out a few stocks that might be in focus during the trading session.

• Godrej Industries

Godrej Industries reported a 77% year-on-year (YoY) increase in consolidated net profit, reaching ₹188 crore in Q3 FY25, compared to ₹106 crore in the same period last year.

• GE Power

GE Power posted a consolidated net loss of ₹18.5 crore in Q3 FY25, a decline from the ₹37 lakh profit recorded in the same quarter of the previous year.

• IIFL Finance

IIFL Finance recorded a decline in net profit for the quarter, reporting ₹40.7 crore, down 92% YoY from ₹490.44 crore in Q3 FY24.

• Natco Pharma

Natco Pharma’s consolidated net profit declined by 37% YoY, coming in at ₹133 crore for Q3 FY25, compared to ₹213 crore a year ago.

• Muthoot Finance

Muthoot Finance posted a 22% rise in net profit, reaching ₹1,392 crore in Q3 FY25, up from ₹1,145 crore in the corresponding quarter last year.

• Bharat Forge

Bharat Forge, a major player in the auto components sector, saw its consolidated net profit drop by 16.38%, standing at ₹212.78 crore in Q3 FY25, compared to ₹254.45 crore a year ago.

• Honasa Consumer

Honasa Consumer reported a increase in its consolidated net profit to ₹26.02 crore in Q3 FY25, compared to ₹25.9 crore in Q3 FY24.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

On February 12, 2025, BSE Sensex closed at 76,171.08 down by 0.16%, while Nifty50 dropped by 0.12% to 23,045.25. Stocks like Bajaj Healthcare and Tilaknagar Industries hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today.

Stocks That Hit Lower Circuit on February 12, 2025

Stocks That Hit Upper Circuit on February 12, 2025

Overview of Companies Hit Circuits Today

• Bajaj Healthcare

Bajaj Healthcare saw a significant rise in its stock price, rising by 10% to close at ₹650.10. The stock opened at ₹571.00 and reached a high of ₹650.10.

• AXISCADES Technologies

AXISCADES Technologies experienced a notable growth in its stock price, rising by 3.50% to close at ₹720.00. The stock opened at ₹694.80 and touched a high of ₹730.40.

• Zaggle Prepaid Ocean Services

Zaggle Prepaid Ocean Services saw a decrease in its stock price, dropping by 4.99% to close at ₹362.60. The stock opened at ₹366.20 and dropped to a low of ₹362.60.

• Tilaknagar Industries

Tilaknagar Industries saw its stock price drop by 10% to close at ₹251.60. The stock opened at ₹279.00 and dropped to ₹251.60 as the low of the day.

• KPI Green Energy

KPI Green Energy experienced a drop in its stock price, dropping by 4.99% to close at ₹407.15. The stock opened at ₹413.15 and reached a low of ₹407.15.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Happy Forgings Limited (HFL) informed the stock exchanges that it has entered into a Memorandum of Understanding (MoU) with a leading global manufacturer and supplier of industrial equipment and construction machinery.

Details of the Agreement 

This agreement outlines the framework for a long-term supply contract, which will be finalised once the approved components start shipping in 2028. The MoU represents HFL’s strategic move into the production of heavy-weight forged and precision-machined components, with individual parts weighing up to approximately 1,000 kilograms, catering to industrial and mining applications.

Expansion and Revenue Growth Potential

As part of the agreement, the customer has committed an initial investment of ~₹20 crore for tooling and development, with sampling and testing set to begin in 2027. Once the binding supply contract commences in 2028, annual revenues are projected to be ₹95 crore, with a peak potential of ₹160 crore per year, depending on the customer’s equipment sales.

The order will be executed through HFL’s upcoming heavy forging facility, which is being developed under a Board-approved capital expenditure plan of ₹650 crore, sanctioned in January 2025. This expansion will position Happy Forgings among a select group of manufacturers capable of producing heavy forged and precision-machined components exceeding 250 kilograms.

Commenting on the development, the Managing Director of Happy Forgings Limited, Mr Ashish Garg, said, “We are pleased to announce our first MoU in the heavy forged and precision machined components segment for parts exceeding 250 kg with a leading global manufacturer. This agreement provides strong visibility for the deployment of our new heavy forging capacity upon commissioning.”

He further added, “It also reinforces our engineering expertise and positions HFL to pursue additional large-scale, heavyweight component opportunities across various industrial sectors. Expanding into this high-value segment aligns with our long-term strategy to diversify our portfolio, drive profitability, and create lasting value for our stakeholders.”

On February 12, 2025, Happy Forgings share price opened at ₹934.90, touching the day’s high at ₹948.15, as of 11:29 AM on the NSE.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Birlasoft Limited has been in focus on Wednesday. The company has announced its unaudited consolidated financial results for the third quarter ended December 31, 2024.

On February 12, 2025, Birlasoft share price (NSE: BSOFT) opened at ₹475.00, down from its previous close of ₹504.35. At 10:42 AM, the share price of Birlasoft was trading at ₹500.25, down by 0.81% on the NSE.

Q3 FY 2025 Financial Highlights

The company reported a steady financial performance, with revenue increasing by 1.5% year-on-year (YoY) to ₹13,627 million. However, in USD terms, revenue stood at $160.8 million, reflecting a slight decline of 0.3% YoY and 0.1% in constant currency terms.

The company’s EBITDA for the quarter was ₹1,634 million, with an EBITDA margin of 12.0%. Meanwhile, profit after tax (PAT) stood at ₹1,169 million, translating to basic earnings per share (EPS) of ₹4.20.

The company witnessed an increase in its cash and cash equivalents, which rose 21.7% YoY to ₹20,552 million, driven by strong collections and disciplined financial management.

Birlasoft recorded a total contract value (TCV) of $226 million for Q3 FY25, reflecting a 66% quarter-on-quarter (QoQ) growth and a 4% YoY increase. This was fueled by order bookings, including new deal wins worth $64 million and renewals amounting to $162 million. The company’s active client count grew to 265 from 261 in the previous quarter, with the number of $5 million+ clients rising from 24 in Q2 FY25 to 27 in Q3 FY25.

Birlasoft’s financial strength was further reinforced by its growing cash reserves, which increased 10.6% QoQ to ₹20,552 million from ₹18,587 million in the preceding quarter.

About Birlasoft Ltd

Birlasoft, a global leader in Cloud, AI, and Digital technologies, combines deep domain expertise with enterprise solutions. With a consultative and design-thinking approach, the company enhances business efficiency and productivity worldwide. A part of the $3 billion CK Birla Group, Birlasoft benefits from the group’s extensive presence, which includes over 35,000 employees and 52 manufacturing facilities across the globe.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Glenmark Pharmaceuticals Limited informed the stock exchanges that Glenmark Pharmaceuticals Inc., USA, announced the launch of Clindamycin Phosphate Foam, 1%.

On February 12, 2025, Glenmark Pharmaceuticals share price (NSE: GLENMARK) opened at ₹1,453.90, the same as its previous close of ₹1,453.05. At 11:10 AM, the share price of Glenmark Pharmaceuticals was trading at ₹1,430.80, down by 1.53% on the NSE.

Details of Clindamycin Phosphate Foam, 1%

Clindamycin Phosphate Foam, 1% is a bioequivalent and therapeutically equivalent generic version of Evoclin® Foam, 1%, developed by Mylan Pharmaceuticals Inc.

This launch strengthens Glenmark’s dermatology portfolio in the U.S. market. According to IQVIA™ sales data, the Evoclin® Foam, 1% market, recorded annual sales of approximately $5.8 million for the 12-month period ending December 2024.

Recently, on February 10, 2025, Glenmark Pharmaceuticals and Cosmo Pharmaceuticals N.V. announced that Glenmark had received approval from the Medicines and Healthcare Products Regulatory Agency (MHRA) to market Winlevi® in the United Kingdom. Winlevi® is a topical treatment for acne vulgaris in patients aged 12 years and older.

This approval marks a significant milestone in both companies’ commitment to delivering innovative and patient-focused dermatology solutions. With this launch, Glenmark strengthens its dermatology portfolio, expanding access to advanced acne treatment options in the UK pharmaceutical market.

About Glenmark Pharmaceuticals Ltd

Glenmark Pharmaceuticals Ltd is a global, research-driven pharmaceutical company operating across Branded, Generics, and OTC segments. It specialises in respiratory, dermatology, and oncology therapies. With 11 state-of-the-art manufacturing facilities across four continents, Glenmark has a strong presence in over 80 countries, delivering high-quality healthcare solutions worldwide.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Ken Enterprises IPO opened for subscription on February 5, 2025, and closed on February 7, 2025.

It was a book-built issue of ₹83.65 crore. The issue was a combination of a fresh issue of 61.99 lakh shares aggregating to ₹58.27 crores and an offer for sale of 27.00 lakh shares aggregating to ₹25.38 crores. The Ken Enterprises IPO price was set at ₹₹94 per share.

On Day 3 of subscription, February 7, 2025, as of 6:19 PM, Ken Enterprises IPO was subscribed 4.36 times. NIIs subscribed 1.75x, and retail investors subscribed 6.86x.

The share allotment was finalised on Monday, February 10, 2025, and the shares were listed on NSE SME on February 12, 2025.

Ken Enterprises Share Price

On the listing day, on the NSE, Ken Enterprises share price opened at ₹85.00, down from its issue price of ₹94.00. At 10:05 AM, the share price was trading at ₹80.75, down by 5% from its opening price of ₹85.00. As of the same time, the stock touched its day’s low at ₹80.75. The company’s market cap was ₹198.37 crore.

About Ken Enterprises Limited

Ken Enterprises operates as a design-to-delivery solutions provider for both greige and finished fabrics, serving domestic and export markets. It exports regular and sustainable greige and finished fabrics to over 10 countries. As an approved vendor for leading international brands such as ZARA (Inditex Group), Target, and Primark, the company offers a diverse range of fabrics, including structures, seer suckers, double-layer, three-layer, four-layer, chambrays, and fashion fabrics with metallic yarns. These fabrics cater to various applications, including women’s fashion wear, men’s and kids’ shirts, home textiles, embroidery, and light canvas, among others.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.