Source: CNBCTV18
As the stock market gears up for trading on May 26, shares of companies like JSW Steel, Ashok Leyland, NTPC, and Union Bank are in focus amid earnings and other updates. Here's a look at the top stocks to watch:
Glenmark Pharma | For Q4FY25 ended March 31, Glenmark’s consolidated revenue rose 6.3% year-on-year to ₹3,256 crore, up from ₹3,063 crore in the same quarter last year. EBITDA increased 11.2% to ₹561 crore, with the EBITDA margin improving to 17.2%. Adjusted profit after tax (PAT), excluding one-time exceptional items related to generic Zetia litigation and manufacturing facility closure, stood at ₹347 crore, reflecting a margin of 10.6%.
Balkrishna Industries | The tire maker reported a 25% drop in standalone net profit for the quarter ended March 2025, owing to higher input, finance and employee costs, despite a marginal rise in revenue. The tyre maker’s net profit came in at ₹362 crore in Q4FY25. Revenue for the quarter rose 5% year-on-year to ₹2,838 crore.
JSW Steel | Steel major on Friday, May 23, reported a nearly 14% year-on-year rise in its consolidated net profit at ₹1,501 crore in the March quarter of the last fiscal. The same was ₹1,322 crore in the last year's quarter. The profit figure was higher than the CNBC-TV18 poll of ₹1,470 crore.
Union Bank of India | The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹63.60 lakh on the lender for non-compliance with regulatory provisions related to depositor fund transfers and agricultural lending norms.
Paras Defence and Space Technologies | The company on Friday announced the execution of a joint venture agreement with Israel-based Heven Drones Ltd to form a subsidiary in India focused on the development and production of logistics and cargo drones for both defence and civilian applications.
Ashok Leyland | The commercial vehicle major announced a 1:1 bonus share issue for shareholders, with the record date to be announced later—its first bonus since 2011. The company also approved a dividend payout of ₹4.25 per share, totaling ₹1,248 crore. In Q4, Ashok Leyland’s net profit surged 38.4% to ₹1,246 crore, boosted by a ₹173 crore tax credit, compared to ₹900 crore last year. Quarterly revenue rose 5.7% to ₹11,907 crore, slightly below the ₹12,196 crore estimate from a CNBC-TV18 poll.
Finolex Industries | The company reported a 5% decrease in its revenue at ₹1,171.8 crore in the March quarter. In the same period of the previous fiscal year, it had reported a revenue of ₹1,235.4 crore. The company's net profit was flat at ₹165 crore. EBITDA was down 18% at ₹171.3 crore compared to ₹209 crore in the year-ago period, while margin contracted to 14.62% from 16.9% in the previous year.
NTPC | The PSU reported a 22.6% sequential rise in consolidated net profit for the fourth quarter of FY24 at ₹5,778 crore, falling marginally short of CNBC-TV18’s poll estimate of ₹5,810 crore. Revenue for the quarter stood at ₹43,903.7 crore, up 6% from ₹41,368 crore in the third quarter, but also below the estimated ₹46,562 crore.
Ashoka Buildcon | Its net profit for the March quarter gained 73.2% to ₹432.2 crore. In the same quarter last year, Ashoka Buildcon had reported a net profit of ₹249.6 crore. The company reported a revenue of ₹2,694.4 crore in the January-March period. This was 11.7% higher than the revenue of ₹3,052 crore in the same period of the previous financial year.
GE Vernova T&D India | The company reported a nearly three-fold jump in its net profit to ₹186.49 crore for the March quarter, mainly on the back of higher revenues. The total income in the quarter rose to ₹1,173.65 crore from ₹919.31 crore a year ago. In 2024-25, its net profit increased to ₹608.33 crore from ₹181.05 crore in the preceding financial year. The total income in the fiscal surged to ₹4,354.89 crore from ₹3,190.46 crore a year ago.
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