Source: CNBCTV18
Shares of Trident Ltd., the producer of yarn, chemicals, textiles and paper, surged as much as 16% on Wednesday, May 21, in response to their March quarter results. The company’s net profit more than doubled from last year on a consolidated basis to ₹133.2 crore from ₹56.6 crore last year. Read here
– Net Profit At ₹133.2 Cr Vs ₹56.6 Cr (YoY)
– Revenue Up 10.8% At ₹1,864.3 Cr Vs ₹1,682.2 Cr (YoY)
– EBITDA Up 19.3% At ₹245 Cr Vs ₹205 Cr (YoY)
– Margin At 13.14% Vs 12.20% (YoY)
Shares of Rail Vikas Nigam Ltd., the railway PSU, were trading 1% lower, ahead of their March quarter (Q4FY25) earnings on Wednesday, May 21. The stock has declined in the last two trading sessions.
Shares of Interglobe Aviation Ltd., parent company of India’s largest airline by market share, IndiGo, are trading flat, ahead of their March quarter earnings on Wednesday, May 21. Read here
– Stable guidance is expected for raw material prices
– Margin should expand from current levels
– Margin will improve in FY26 on no tariffs on exports from Mexico to US
– Expects raw material scenario to stabilise going ahead
– There has been a marginal decline in raw material prices from Q4 to Q1
– Good demand coming from Mexico, including local Mexico
– Continue to look for opportunities to increase prices in the aftermarket
– Ready for electric vehicles and is already supplying truck radial tires in electric bus segment
– Q4 was weak but outlook is positive
– Internals have improved for the industry
– Raw material costs stabilized & seen falling further
– Net Profit Up 34% At ₹47.3 Cr Vs ₹35.3 Cr (YoY)
– Revenue Down 19% At ₹567.2 Cr Vs ₹700.6 Cr (YoY)
– EBITDA Down 32.3% At ₹71 Cr Vs ₹104.8 Cr (YoY)
– Margin At 12.52% Vs 14.96% (YoY)
State-owned Power Finance Corporation (PFC) on Wednesday, May 21, reported a 11% rise in its consolidated net profit at ₹8,358 crore for the January-March period of FY25. The company’s net interest income (NII) jumped 41% to ₹12,681 crore for the quarter. The same was ₹8,987.7 crore in the year-ago quarter. Read here
PFC has declared a final dividend of ₹2.05 per equity share for the financial year 2024-25. Record date for the same has been fixed as June 13, 2025.
– Cons Net Profit Up 10.6% At ₹8,358 Cr Vs ₹7,556.4 Cr (YoY)
– Cons NII Up 41% At ₹12,681 Cr Vs ₹8,987.7 Cr (YoY)
Shares of Dredging Corporation of India Ltd. have rallied as much as 18% after reporting its results for the January-March quarter on Tuesday. Read here
Shares of Dixon Technologies are under pressure on Wednesday, May 21. The management says:
FY26 Guidance
– 40-45% revenue growth with 20-25 bps margin expansion
– Export revenue at ₹9,000 cr vs Rs 1,700 cr (yoy)
Smartphones volumes
FY25 – 28 million
FY26e – 43-44 million
FY27e – 65 million
Garden Reach Shipbuilders shares are trading with gains of 3% today, after the management said that it will reach peak execution in the current financial year.
The management also said that the P17 Alpha Ships are on track for delivery in two months for now, which is ahead of schedule. GRSE is also expecting the formal bid declaration of the next generation Corvette project in the next couple of days.
– Target Revenue Growth at 14-17% CAGR
– Gained market share across verticals
– Managed Services revenue share will move to 45% in coming quarters
– FY26 capex seen at ₹28,000 cr, FY27 capex at ₹35,000 cr & FY28 at ₹45,000 cr
– Estimated capex outlay up to year 2032 at ₹3.06 lk cr
– Transmission business capex up to year 2032 seen at ₹2.99 lk cr
Shares of Bharat Electronics Ltd. (BEL) are among the top gainers on the Nifty 50 index in Wednesday’s trading session after the management shared strong guidance for FY26 with regards to its order inflow.
BEL is anticipating orders worth up to ₹27,000 crore during the current financial year and that is excluding the Quick-Reaction Surface-to-air Missile order, which is valued at ₹30,000 crore.
In response, brokerages have raised their price targets across the board for BEL, expecting the stock to test levels of ₹450 over the next 12 months.
IIFL Securities expects IndusInd Bank to report a loss of ₹280 crore for the March quarter, compared to a profit of ₹2,349 crore in the same quarter last year. The brokerage also said that the lender may potentially witness a de-growth in deposits, following the recently reported accounting discrepancies in derivatives. These numbers did not account for ₹674-crore discrepancy on MFI portfolio.
Shares of state-run NTPC Green Energy, the demerged and newly listed subsidiary of NTPC Ltd. are trading below their issue price ahead of their quarterly results on Wednesday, May 21. Read here
– Expect a 1.5-2% improvement in margin in FY26.
– Improvement in case mix and occupancy is leading to better margin.
– Occupancy expected to be at approximately 72% in FY26.
– ARPOB could see slight moderation due to capacity enhancement.
– Net Profit Up 27.45% At ₹6.50 Cr Vs ₹5.10 Cr (YoY)
– Revenue Up 31.10% At ₹106.20 Cr Vs ₹81 Cr (YoY)
– EBITDA Up 39% At ₹10.99 Cr Vs ₹7.91 Cr (YoY)
– Margin At 10.35% Vs 9.77% (YoY)
Commentary on the new management team formation and business momentum ahead will be some of the key things awaited from the management commentary.
IndusInd Bank is currently without an MD & CEO as Sumant Kathpalia, stepped down from his position earlier this month in light of the fallout post the derivative accounting discrepancies coming to light.
Among the key factors to watch from IndusInd’s quarterly results, include pressure on the bank’s Net Interest Margins (NIMs), both sequentially, as well as year-on-year.
Decline in operating profits, both sequentially and year-on-year, potentially elevated credit costs, higher slippages led by the microfinance sector, stable asset quality are some of the other key factors to watch during IndusInd’s earnings.
According to a CNBC-TV18’s poll, IndusInd Bank is expected to report a net loss of ₹514 crore during the quarter, compared to a net profit of ₹2,349.1 crore, which it had reported during the same quarter last year.
IndusInd’s Net Interest Income (NII) or core income is likely to decline by 11.4% from the same quarter last year to ₹4,762.4 crore, according to the CNBC-TV18 poll.
Mumbai-based private lender IndusInd Bank is scheduled to report a weak financial performance for the March quarter (Q4FY25), weighed down by recently uncovered accounting discrepancies. The lender is already under scrutiny due to multiple audits and top-level resignations.
– Q4 earnings are typically hurt by higher costs
– PPAC data suggests oil production was flat QoQ
– Crude oil realisation at $74/bbl, down 8% YoY & up 2% QoQ
– Crude oil/gas production volumes may fall 3% YoY & 1% QoQ
– Higher realisation QoQ may support EBITDA
– Weaker ₹, lower opex partly offset by weaker volumes
– Profit down 11% at `8,804 cr Vs `8,240 cr
– Revenue down 2% at `34,046 cr Vs `33,717 cr
– EBITDA up 3% at `17,966 cr Vs `18,968 cr
– Margin at 52.8% Vs 56.3%
– Subdued earnings expected
– Lower production may drag earnings
Good Morning!
Hello and Welcome to the Live coverage of the important Q4 results today.
As many as 14 important names will be reporting their results through the course of the day.
Watch this space for more live updates.
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