On Friday, January 31, 2025, the Indian benchmark indices Sensex and Nifty 50 are likely to open on a flat note. Check out a few stocks that might be in focus during the trading session.
Larsen & Toubro reported a Q3 consolidated net profit of ₹3,359 crore, up from ₹2,947 crore YoY, meeting estimates of ₹3,762 crore. Revenue stood at ₹64,668 crore, compared to ₹55,100 crore YoY, slightly exceeding expectations of ₹63,750 crore.
Wipro secured a multi-million-dollar IT transformation and cost optimisation deal with Etihad Airways.
Tata Consumer Products posted a Q3 consolidated net profit of ₹299 crore, down from ₹315 crore YoY. Revenue grew to ₹4,440 crore, compared to ₹3,804 crore YoY. EBITDA was ₹564 crore, compared to ₹571 crore YoY, with an EBITDA margin of 12.69%, down from 15.01% YoY.
Biocon‘s Q3 consolidated net profit dropped sharply to ₹25.1 crore, down from ₹660 crore YoY, with a loss of ₹16 crore QoQ. Revenue declined to ₹3,820 crore, compared to ₹3,954 crore YoY. EBITDA stood at ₹750 crore, down from ₹927 crore YoY, with an EBITDA margin of 19.67%, compared to 23.44% YoY. The board approved an equity purchase in Biocon Biologics, increasing its stake by 1.5% at a cost of ₹555 crore.
JSW Steel‘s subsidiary JSquare completed the acquisition of 100% equity shares of TKES India for a total purchase consideration of ₹4,159 crore.
Kalyan Jewellers reported a Q3 consolidated net profit of ₹220 crore, up from ₹180 crore YoY and ₹130 crore QoQ. Revenue surged to ₹7,290 crore, compared to ₹5,220 crore YoY. EBITDA stood at ₹440 crore, up from ₹370 crore YoY, with an EBITDA margin of 6.02%, down from 7.08% YoY.
Torrent Power’s subsidiary Torrent Saurya Urja 2 Pvt Ltd (TSU2) received a certificate from the Gujarat Energy Development Agency for commissioning its full capacity of 300 MW.
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.
Published on: Jan 31, 2025, 8:37 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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