Stocks to Watch: NTPC, Ashok Leyland, JSW Steel, Paras Defence, Glenmark Pharma and more
Ashok Leyland: For the first time since 2011, Ashok Leyland announced a 1:1 bonus share issue. Alongside this, the company declared a dividend of ₹ 4.25 per share, resulting in a total payout of ₹ 1,248 crore. In the March quarter, the company reported a 38.4 percent year-on-year increase in net profit, which rose to ₹ 1,246 crore, aided significantly by a one-time tax credit of ₹ 173 crore. Revenue for the quarter grew 5.7 percent to ₹ 11,907 crore.
NTPC: NTPC, the largest power producer in the country, reported a 22.6 percent quarter-on-quarter increase in profit, which rose to ₹ 5,778 crore for the March quarter. Revenue during the quarter stood at ₹ 43,903.7 crore, reflecting a sequential growth of 6 percent.
JSW Steel: JSW Steel posted a 15.7 percent year-on-year rise in consolidated net profit to ₹ 1,503 crore for Q4FY25. The performance was supported by lower coking coal prices and better operating margins, which contributed to improved profitability.
Paras Defence and Space Technologies: Paras Defence and Space Technologies signed a strategic joint venture agreement with Israel-based Heven Drones. This partnership is set to enable the manufacturing of logistics and cargo drones in India. These drones are intended for both defence and civilian applications, marking a significant diversification in the company's operational scope.
Glenmark Pharmaceuticals: Glenmark Pharmaceuticals reported a stable performance for the March quarter. Revenue increased 6.3 percent year-on-year to ₹ 3,256 crore, while EBITDA rose by 11.2 percent. The company's adjusted net profit, excluding one-off items such as the generic Zetia litigation costs, stood at ₹ 347 crore. It also reported an EBITDA margin of 17.2 percent for the quarter.
Finolex Industries: Finolex Industries reported a 5 percent year-on-year decline in revenue, which came in at ₹ 1,171.8 crore. Net profit remained steady at ₹ 165 crore. However, the company faced margin pressure, with EBITDA falling 18 percent to ₹ 171.3 crore. EBITDA margin narrowed to 14.6 percent from 16.9 percent in the same quarter of the previous year.
Ashoka Buildcon: Ashoka Buildcon reported a strong 73.2 percent increase in net profit for the March quarter, which rose to ₹ 432.2 crore compared to ₹ 249.6 crore in the same period last year. Revenue for the quarter stood at ₹ 2,694.4 crore, which was 11.7 percent lower than ₹ 3,052 crore reported in the corresponding quarter of the previous year.
GE Vernova T&D India: GE Vernova T&D India reported a nearly three-fold increase in its net profit for the March quarter, which rose to ₹ 186.49 crore, driven by higher revenues. Total income for the quarter increased to ₹ 1,173.65 crore from ₹ 919.31 crore a year earlier. For the full financial year 2024-25, the company's net profit surged to ₹ 608.33 crore from ₹ 181.05 crore in the previous year, while total income rose to ₹ 4,354.89 crore from ₹ 3,190.46 crore.
Jaiprakash Associates: Lenders of Jaiprakash Associates approved a planned cash expenditure of ₹ 936.27 crore for the ongoing quarter. This amount includes ₹ 856.73 crore earmarked for routine operational expenses and ₹ 79.54 crore allocated for one-time costs, aimed at supporting the company's efforts to sustain operations.
Havells India: Havells India announced a ₹ 340 crore investment to expand cable manufacturing capacity at its Alwar facility. Post-expansion, the total annual cable production capacity at the plant is expected to reach 41.45 lakh kilometres. This capital expenditure is intended to cater to rising demand and enhance operational efficiency.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Hindustan Times
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- Hindustan Times
Bengaluru Rains: Here's how proptech tools help homebuyers assess flood risks before investing in real estate
As flooding becomes a growing concern in rain-hit Bengaluru, homebuyers and investors are treading carefully when it comes to buying property. In response, a group of tech professionals has stepped in with innovative proptech tools to help buyers make smarter investment decisions. A few software developers and real estate startups have put together a proprietary web-based platform that goes beyond traditional property listings. The application includes detailed flood-risk data highlighting low-lying zones, natural drainage paths, past flooding history, and proximity to water bodies or drainage bottlenecks. This offers buyers a clear understanding of flood vulnerability in different areas, particularly during heavy rainfall, helping them make more informed decisions before investing in property. The tools, which are available free of cost, have already started influencing buyer behaviour. While flood-prone areas haven't entirely lost demand, informed buyers are using the data to negotiate better prices or consider alternate locations. Developers, too, are beginning to take notice, with some reportedly using the insights to design better drainage systems or avoid risky parcels of land altogether. Aman Bhargava, developer and designer who designed the platform said, "This tool is built around the topography of Bengaluru. We've conducted a comprehensive hydrological analysis to understand the natural flow of water in the city. On the map, deeper blues represent natural water channels, and these are the zones most likely to experience waterlogging." Bhargava said the team continuously updates the map. For example, immediately after the recent floods in Bengaluru, he added 20 to 30 new points to the city's map, highlighting areas at high risk. "This is all based on how water is actually flowing. If an area lies at the confluence of two natural drains, like Manyata Tech Park, it's bound to collect water and flood during heavy rains." In another instance, a Bengaluru-based real estate startup that operates on a brokerage-free model has taken the concept further. The company developed proprietary web-based software that not only lists properties for sale but also overlays each listing with detailed flood-risk information. This includes past flooding history and proximity to natural water bodies or drainage bottlenecks, insights that are often missing from traditional property listings. "Our platform is just six months old, but we added the flood-risk feature only last week, after heavy rains once again caused major waterlogging across the city. The current version of the map doesn't factor in existing infrastructure like bridges or underpasses. Instead, it's based purely on the natural topography of Bengaluru and how water flows through the terrain, including groundwater patterns," Tarun Firodiya, CEO, Jumbo said. The map gives buyers options to simulate different weather conditions, sunny, light rain, or heavy rainfall, so that they can understand how waterlogging could impact specific areas under each scenario, he said. The platform currently focuses on resale properties, and according to Firodiya, the team is already working on new updates that will incorporate real-time infrastructure changes, for instance, assessing how the construction of a new bridge could alter water flow patterns in the area and potentially affect flood risk. "Looking ahead, we're also working on rolling this out in cities like Gurgaon and Noida, where the main concerns are different, like air quality or AQI. We'll eventually integrate data showing how new infrastructure affects property appreciation in those areas too," he said. Experts in the real estate sector have called it a significant step toward building climate-resilient cities. As flooding becomes a recurring challenge across Indian metros, tools like these could become essential, not just for homebuyers, but for developers, they say. "First, at the planning stage, there are companies that specialize in groundwater mapping and drainage planning. Second, during the asset management stage, when a building is under construction or already operational, these startups can come in and solve issues if flooding becomes a problem," Aiyappa Somayanda, Chief Business Officer, Brigade REAP. Launched in 2016, accelerator programs like Brigade REAP mentor early-stage startups in real estate tech. "At Brigade REAP, we're currently supporting several such startups. But I think what's missing and very much needed are startups that help individual homebuyers. If someone's looking at a home in Sarjapur, for instance, they shouldn't just know about the project they're buying into they need a hyperlocal understanding of the entire area," he added. Flood risk has become a key concern for investors, say real estate experts. 'The first thing buyers want to know today is whether the location is prone to flooding,' said Disha Mohan, a realtor at Coldwell Banker. 'In areas near lakes, particularly in Sarjapur and the eastern parts of the city, flooding has become a serious issue. Investors are definitely more cautious and discerning now.' Also Read: 'Does the area flood?' Bengaluru homebuyers and investors now have fresh real estate worry Frequent waterlogging in high-demand localities like Sarjapur, Marathahalli, and Yemlur has made flood risk a decisive factor in home-buying decisions. 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Time of India
an hour ago
- Time of India
Indian firms target overseas assets to fast-track semiconductor ambitions
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Time of India
an hour ago
- Time of India
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