Bajaj Auto Limited announced its unaudited consolidated financial results for the quarter ended December 31, 2024.

Post the announcement, on January 29, 2025, Bajaj Auto share price (NSE: BAJAJ-AUTO) opened at ₹8,420.15, up from its previous close of ₹8,398.40. At 9:44 AM, the share price of Bajaj Auto was trading at ₹8,752.85, up by 4.22% on the NSE.

Q3 FY 2025 Financial Highlights

The company’s revenue reached ₹12,807 crore, marking a 6% year-on-year (YoY) increase. The company stated that this growth was largely driven by strong export performance, a growing domestic Green Energy portfolio, and a record-breaking quarter in Spares.

Domestic sales benefited from the highest-ever festive retail volumes, though billed volumes were recalibrated to normalise channel inventory built up in the previous quarter. Exports also witnessed a broad-based recovery, with the company crossing the milestone of over 5,00,000 units after nine quarters.

Bajaj Auto continued its consistent profit growth, with EBITDA surpassing ₹2,500 crores and Profit After Tax (PAT) exceeding ₹2,000 crores. The company maintained an EBITDA margin of 20.2%, which was up by 10 basis points YoY. This stability was largely attributed to favourable USD/INR realisation and strong management of the P&L, including judicious pricing strategies and cost efficiencies.

Electric Vehicle Portfolio and Export Recovery

The company’s Green Energy portfolio led the charge in its domestic business, contributing 45% of total revenues, up from 30% in the previous year.

The electric vehicle (EV) segment showed remarkable progress, with Bajaj Auto delivering another quarter of ~1,00,000 electric two-wheelers (e2Ws) and electric three-wheelers (e3Ws). This achievement helped the company increase its share in these segments, moving from a loss to a marginally positive EBITDA.

Additionally, commercial vehicles (CVs) saw sustained growth, particularly in electric three-wheelers, which experienced a five-fold YoY increase in volumes. The company expanded its network of touchpoints from 600 to over 850, enhancing its path toward leadership in the EV segment.

Exports continued their recovery, with double-digit revenue growth for the fourth consecutive quarter, driven by solid performances in Africa, Asia, and LATAM, offsetting a decline in KTM exports. The company also witnessed a recovery in volumes in Nigeria, surpassing 1,00,000 units, further strengthening its international presence.

 

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.

Coforge Limited’s Board of Directors has declared and approved an interim dividend of ₹19 per equity share of face value ₹10 each.

On January 28, 2025, Coforge share price opened at ₹8,764.25 and closed at ₹8,490.10. The stock touched its day’s low at ₹8,438.35 yesterday.

Coforge Dividend Record Date

The company’s Board has declared a third interim dividend of ₹19 per fully paid-up equity share with a face value of ₹10 each for the financial year 2024-25. In accordance with Regulation 42 of the SEBI Listing Regulations (as amended), January 30, 2025, has been set as the Record Date to determine the eligibility of shareholders for receiving the interim dividend. The company stated in its exchange filing that the payment of the interim dividend will be made within 30 days from the date of its declaration.

Q3 FY 2025 Financial Highlights

The company reported revenue of ₹3,318.2 crore (US$ 397.1 million), reflecting an 8.4% Q-o-Q and 40.3% Y-o-Y growth in constant currency terms. In USD terms, revenue increased by 7.5% Q-o-Q and 40.8% Y-o-Y, while in INR terms, it rose by 8.4% Q-o-Q and 42.8% Y-o-Y. EBITDA stood at ₹519.0 crore, marking a 29.3% Y-o-Y growth. Adjusted PAT (excluding minority interest) was ₹268.0 crore, a 10.3% increase on a Y-o-Y basis.

About Coforge Ltd

Coforge is a leading IT services company delivering comprehensive software solutions and services. Its prominent global clientele includes British Airways, the ING Group, SEI Investments, Sabre, and SITA. Over the years, Coforge has established subsidiaries in countries like the US, Singapore, Australia, the UK, Germany, and Thailand to market and manage projects for its software division. The company also maintains strong business partnerships with major IT companies 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.

On Wednesday, January 29, 2025, the Indian benchmark indices Sensex and Nifty 50 are expected to open positively following a rally in global equities. Check out a few stocks that might be in focus during the trading session.

• Bajaj Auto

For Q3, Bajaj Auto reported a standalone net profit of ₹2,108 crore, up from ₹2,042 crore year-on-year (Y-o-Y). Revenue stood at ₹12,810 crore compared to ₹12,114 crore (Y-o-Y), against an estimate of ₹12,963 crore. EBITDA reached ₹2,580 crore, up from 20.10% (Y-o-Y), beating the expected 19.6%.

• Mahanagar Gas

Mahanagar Gas reported a Q3 standalone net profit of ₹225 crore, down from ₹280 crore (Q-o-Q). Revenue increased slightly to ₹1,930 crore compared to ₹1,880 crore (Q-o-Q). EBITDA fell to ₹314 crore from ₹400 crore (Q-o-Q), with margins narrowing to 16.28% from 21.23% (Q-o-Q). The company announced a dividend of ₹12 per share.

• JSW Steel

JSW Steel has extended the long-stop date for acquiring a 92.19% stake in Minas de Revuboe from January 31, 2025, to June 30, 2025.

• BHEL (Bharat Heavy Electricals Limited)

BHEL‘s Q3 consolidated net profit surged to ₹135 crore, up from ₹60.3 crore (Y-o-Y) and ₹106 crore (Q-o-Q). Revenue rose to ₹7,280 crore compared to ₹5,500 crore (Y-o-Y). EBITDA increased to ₹305 crore from ₹217 crore (Y-o-Y), with margins improving to 4.19% from 3.94% (Y-o-Y).

• JSW Energy

JSW Energy posted a Q3 consolidated net profit of ₹167 crore, down from ₹231 crore (Y-o-Y) and ₹853 crore quarter-on-quarter (Q-o-Q). Revenue fell to ₹2,400 crore from ₹2,543 crore (Y-o-Y). The company also approved raising up to ₹3,000 crore via non-convertible debentures (NCDs).

• Colgate-Palmolive (Colpal)

Colgate-Palmolive‘s Q3 standalone net profit stood at ₹323 crore, ₹330 crore (Y-o-Y), and down from ₹395 crore (Q-o-Q). Revenue increased to ₹1,452 crore from ₹1,390 crore (Y-o-Y). EBITDA reached ₹454 crore, down from ₹470 crore (Y-o-Y).

 

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.

The battery sector in India is witnessing remarkable growth, driven by the rapid adoption of electric vehicles (EVs), advancements in renewable energy storage solutions, and increasing demand for consumer electronics. The Indian Battery Market size is estimated at USD 8.41 billion in 2025 and is projected to reach USD 18.28 billion by 2030, growing at an impressive CAGR of 16.8% during the forecast period (2025-2030).

In this article, check the best battery stocks in India for February 2025, based on the 5yr CAGR and other parameters like market capitalisation and net profit margin.

Best Battery Stocks in February 2025 – Based on 5yr CAGR

Note: The best battery stocks list provided here is as of January 28, 2024. The stocks have a market cap of more than ₹1,000 crore and are sorted based on the 5-year CAGR.

Overview of the Best Battery Stocks in February 2025

1. HBL Engineering Ltd

HBL Power System Ltd is into the manufacturing and services of various types of batteries, e-mobility, and other products. In H1 FY 2025, the company’s total income was ₹1,05,876.43 lakh, up from ₹1,03,010.09 lakh during the same period in the previous year. PAT was ₹16,735.67 lakh, up from ₹12,039.90 lakh during the same period in the previous year.

Key metrics:

• Return on Capital Employed (ROCE): 30.98%
• Return on Equity (ROE): 25.87%

2. Eveready Industries India Ltd

Eveready Industries India Limited is among the well-known battery companies stock in India. It is one of the prominent manufacturers of dry-cell batteries in India. The company provides batteries, lighting solutions, flashlights, and home appliances. In H1 FY 2025, the company’s total income from operations was ₹711.8 crore, down by 2.3% from ₹728.5 crore during the same period in the previous year. PAT was ₹58.92 crore, up by 17.1% from ₹50.30 crore during the same period in the previous year.

Key metrics:

• ROCE: 20.23%
• ROE: 18.91%

3. Exide Industries Ltd

Exide Industries Ltd is mainly into the manufacturing of storage batteries and related products in India. In H1 FY 2025, the company’s revenue was ₹8,580 crore, up by 4.9% YoY. In H1 FY 2025, the PAT was ₹577.3 crore, up by 9.2% from ₹528.9 crore during the same period in the previous year.

Key metrics:

• ROCE: 9.86%
• ROE: 7.29%

4. Amara Raja Energy & Mobility Ltd

Amara Raja Batteries Limited (ARBL) is the flagship company of the Amara Raja Group. The company is amongst the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry. In H1 FY 2025, the company’s total income was ₹6,568.84 crore, up from ₹5,808.96 crore during the same period in the previous year. In H1 FY 2025, the PAT was ₹484.73 crore, up from ₹436.71 crore during the same period in the previous year.

Key metrics:

• ROCE: 17.72%
• ROE: 14.59%

Best Battery Stocks in February 2025 – Based on Market Cap

Note: The best battery stocks list provided here is as of January 28, 2024. The stocks are sorted based on the market cap.

Best Battery Stocks in February 2025 – Based on Net Profit Margin

Note: The best battery stocks list provided here is as of January 28, 2024. The stocks are sorted based on the net profit margin.

Growth of the Indian Battery Sector

Batteries are essential to our daily lives, powering everything from TV remotes to electric vehicles (EVs). India’s lithium-ion battery industry is poised for growth, with demand projected to reach 54 GWh by FY27 and 127 GWh by FY30. This surge is fueled by the nation’s ambitious renewable energy goals, aiming for 50% of its primary energy to come from renewables by 2030.

Additionally, government initiatives such as the FAME scheme and Viability Gap Funding are driving down the costs of EVs and Battery Energy Storage Systems (BESS), further accelerating demand.

Benefits of Investing in Battery Stocks

• Growth Potential: The global push towards clean energy and electric vehicles (EVs) has led to a surge in demand for batteries.
• Government Support: In India, initiatives like the Production Linked Incentive (PLI) schemes and subsidies for EVs and renewable energy projects provide a favourable environment for battery manufacturers and related industries.
• Diverse Applications: Batteries are used in various sectors, including automotive, renewable energy, consumer electronics, and industrial applications, ensuring multiple revenue streams for companies in this space.
• Technological Advancements: Continuous R&D in battery technology, such as solid-state batteries and enhanced lithium-ion batteries, creates opportunities for innovation-driven growth.

Risks of Investing in Battery Stocks

• Raw Material Dependence: Battery manufacturing relies heavily on critical minerals like lithium, cobalt, and nickel, which are subject to price volatility and supply chain disruptions.
• Regulatory and Environmental Challenges: Stringent regulations regarding mining and disposal of battery components can increase operational costs and compliance burdens.

Conclusion

Apart from the stocks mentioned here, there can be several other companies that play a key role in battery manufacturing. It’s important to evaluate each company’s business model, financials, and long-term potential before making investment decisions.

 

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.

Anant Raj Limited has been in focus on Tuesday. On January 28, 2025, Anant Raj share price (NSE: ANANTRAJ) opened at ₹604.40, down from its previous close of ₹668.10. At 10:40 AM, the share price of Anant Raj was trading at ₹534.50, down by 20.00% on the NSE.

Notably, the stock price reached its 52-week high at ₹947.90 recently on January 8, 2025.

Q2 and H1 FY25 Financial Highlights

In Q2 FY25, the revenue reached ₹524 crore, reflecting a growth of 77% CAGR compared to ₹341 crore in Q2 FY24. EBITDA for the same period stood at ₹124 crore, representing a 62% CAGR from ₹88 crore in Q2 FY24. Profit After Tax (PAT) surged by 96% YoY, rising to ₹106 crore from ₹60 crore in Q2 FY24.

For H1 FY25, the company recorded a total revenue of ₹1,005 crore, reflecting an 82% CAGR from ₹667 crore in H1 FY24. The EBITDA for the first half of FY25 reached ₹236 crore, an increase of 71% from ₹158 crore in the same period last year. PAT also witnessed a 110% growth, rising to ₹197 crore from ₹110 crore in H1 FY24.

About Anant Raj Limited

Anant Raj Ltd, established in 1985 as Anant Raj Clay Products by Ashok Sarin, specialises in the development and construction of IT parks, hospitality projects, SEZs, office complexes, shopping malls, and residential properties across Delhi, Haryana, Andhra Pradesh, Rajasthan, and the NCR. The company has successfully developed over 20 million square feet of real estate across various segments, including Housing, Commercial, IT Parks, Shopping Malls, Hospitality, Residential, and Affordable Housing.

 

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.

ACC Limited reported its financial performance for the third quarter and the nine months (9M) ending December 31, 2024.

Financial Highlights

ACC achieved its highest-ever quarterly revenue in the Q3 series over the past five years, reaching ₹5,927 crore, marking an 11% increase in trade sales volume and a 32% contribution from premium products to trade sales.

The company also reported an operating EBITDA of ₹1,116 crore, with an EBITDA margin of 18.8%.

Cash and cash equivalents stood at ₹2,526 crore, with a record net worth of ₹17,816 crore, reflecting an increase of ₹1,091 crore during the quarter.

Operational Highlights 

The company’s efficiency initiatives, cost-saving strategies, and investments in plant overhauls have significantly improved operational performance. Key business metrics such as volume, efficiency, and capex have all seen healthy growth, reinforcing ACC’s position as a cost leader in the industry. The volume of cement sales rose by 21% YoY, driven by increased trade volumes and a higher share of premium products, which rose by 11% YoY.

Additionally, ACC optimised its fuel basket by incorporating low-cost imported petcoke, improving coal linkage, and utilising captive coal, resulting in a 10% reduction in kiln fuel costs (from ₹1.86 to ₹1.68 per 1,000 Kcal). The company also saw a reduction in logistics costs by 9%, aided by improved efficiency and better route optimisation, reducing secondary lead by 3 km and increasing direct dispatches by 7 percentage points to 51%.

Commenting on the performance, the Whole Time Director & CEO of ACC Ltd, Mr Ajay Kapur, said, “Our Q3 results demonstrate our strategic focus on driving growth through higher volumes, cost optimisation, and enhanced efficiencies. With strong demand for our premium cement products and our commitment to excellence on all parameters in line with our ESG leadership, we are leveraging innovation and sustainability to maintain our competitive edge and maximise stakeholder value. We are well-poised to achieve sustained profitability and capitalise on our strategic vision set forth for our business.”

On January 28, 2025, ACC share price opened at ₹2,026.00, touching the day’s low at ₹1,963.85, as of 10:14 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.

Kaynes Technology India Limited reported its audited consolidated financial results for Q3FY25.

Post the announcement, on January 28, 2025, Kaynes share price opened at ₹4,851.00, down from its previous close of ₹5,268.05. At 10:28 AM, the share price of Kaynes was trading at ₹4,282.80, down by 18.70% on the NSE.

Q3 FY25 Financial Highlights

The company achieved revenues of ₹6,612 million for Q3 FY25, an increase from ₹5,093 million during the same period last year. Over the 9-month period ended December 31, 2024, the company recorded a significant revenue growth of 49%, reaching ₹17,373 million compared to the same period in the previous year.

EBITDA margins improved to 14.2% in Q3 FY25, up from 13.7% in the same quarter of the previous year, reflecting better operational efficiency.

PAT margins also grew to 10.1% from 8.9% year-on-year. The company’s order book expanded substantially, rising from ₹37,980 million in Q3 FY24 to ₹60,471 million in Q3 FY25.

Additionally, the net working capital days improved to 107 days as of December 31, 2024, compared to 117 days on December 31, 2023, reflecting enhanced efficiency in working capital management.

Management Commentary

Commenting on the performance, the Managing Director & Promoter of Kaynes Technology India Limited, Mr Ramesh Kunhikannan, stated, “Kaynes achieved an impressive 30% revenue YoY growth in Q3FY25 with healthy profit margins. Our revenues were INR 17,373 mn for the 9-months period ended December 31, 2024 as against INR 11,673 mn for the 9-months period ended December 31, 2023 establishing a growth of 49%. Our orderbook stood at INR 60,471 million as of December 31, 2024, providing strong revenue visibility for FY25 and beyond.”

He further added, “The net working capital cycle has improved to 107 days during the current quarter, compared to Q3 FY24 where it was 117 days. We continue to invest in high potential & high margin segments and expect these to help us sustain the growth momentum and make Kaynes, a differentiated player in this segment. We are consistently adding new capabilities, new geographies and looking to expand our customer base, with specific focus on large customers and high growth segments.”

 

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.

Zensar Technologies Limited’s Board of Directors has announced and approved an interim dividend of ₹2 (100%) per equity share of face value ₹2 each.

On January 28, 2025, Zensar Technologies share price (NSE: ZENSARTECH) opened at ₹815.55, down from its previous close of ₹817.40. At 9:59 AM, the share price of Zensar Technologies was trading at ₹787.65, down by 3.40% on the NSE.

Zensar Technologies Dividend Record Date

The Board of Directors has declared an interim dividend of ₹2.00 per equity share of ₹2.00 each, amounting to 100%. The dividend will be paid to shareholders whose names appear in the Company’s Register of Members or in the Depository records as of the Record Date, Tuesday, January 28, 2025. The company stated that the dividend will be disbursed on or before February 10, 2025.

Q3 FY25 Financial Highlights

In Q3 FY25, the company posted revenue of $157.0 million, reflecting an 8.6% YoY increase in reported currency and 7.5% in constant currency. On a sequential basis, revenue rose by 0.5% in reported currency and 0.7% in constant currency.

Manufacturing and Consumer Services reported a 15.2% YoY growth and 6.1% sequential QoQ growth in reported currency. Healthcare and Life Sciences recorded a 24.0% YoY growth, with a 3.2% sequential QoQ growth in reported currency. Banking and Financial Services achieved 12.9% YoY growth but saw a 1.4% sequential QoQ decline in reported currency. Telecommunication, Media, and Technology posted a 10.2% YoY decline and a 3.7% sequential QoQ drop in reported currency.

About Zensar Technologies Ltd

Zensar Technologies is a prominent provider of digital solutions and technology services. It is a part of the Mumbai-based RPG group and is headquartered in Pune, India. The company operates in two main segments: Application Management Services and Infrastructure Management Services.

 

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.