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Indian Express
9 hours ago
- Business
- Indian Express
Stocks to Watch on Thursday, July 24: Dr Reddy's Laboratories, Infosys, Tata Consumer, RattanIndia Power, Westlife Foodworld and more
Stocks to Watch: Shares of several companies will remain in focus on Thursday (July 24) including Dr Reddy's Laboratories, Infosys, Tata Consumer, RattanIndia Power, and Westlife Foodworld, among others. On Thursday, benchmark Sensex jumped nearly 540 points while Nifty closed above the 25,200 level on heavy buying in banking giants and oil shares and a positive trend in Asian markets after Japan secured a trade deal with the US. The 30-share BSE Sensex jumped 539.83 points or 0.66 per cent to settle at 82,726.64. During the day, it surged 599.62 points or 0.72 per cent to 82,786.43. The 50-share NSE Nifty gained 159 points or 0.63 per cent to settle at 25,219.90 as 37 of its constituents advanced and 13 declined. Among Sensex firms, Tata Motors rose the most by 2.51 per cent. Bharti Airtel, Bajaj Finance, Maruti, Bajaj Finserv, ICICI Bank, HDFC Bank and Reliance Industries were also the major gainers. Dr Reddy's Laboratories reported a marginal increase in consolidated net profit to Rs 1,410 crore in the June quarter, aided by sustained growth in Europe and India. The Hyderabad-based drug major posted a net profit of Rs 1,392 crore in the year-ago period. Consolidated revenue rose 11 per cent to Rs 8,545 crore in the period under review from Rs 7,673 crore a year earlier. Infosys Ltd reported an 8.7 per cent rise in its June quarter net profit and narrowed its full-year revenue forecast after stronger-than-expected earnings growth. Consolidated net profit of Rs 6,921 crore in April-June – the first quarter of 2025-26 fiscal year – compared with Rs 6,368 crore earnings in the same period a year back, according to a company statement. FMCG major Tata Consumer Products Ltd (TCPL) on Wednesday reported a 14.7 per cent increase in consolidated net profit to Rs 331.75 crore in the June quarter, led by growth from its core India business. The company had posted a consolidated net profit of Rs 289.25 crore in the year-ago period, according to a regulatory filing from TCPL, the Tata Group FMCG arm. Its revenue from operations rose 9.8 per cent to Rs 4,778.91 crore during the quarter under review. It was at Rs 4,352.07 crore in the year-ago period. The RP-Sanjiv Goenka Group company — PCBL Chemical Ltd reported a 19.7 per cent year-on-year decline in consolidated net profit to Rs 94 crore for the quarter ended June 30, 2025, compared to Rs 117.9 crore in the same period last year. Revenue from operations was lower marginally at Rs 2,114 crore for the period, against Rs 2,143 crore, the company said in a stock exchange filing. NBFC firm MAS Financial Services on Wednesday reported a 19 per cent increase in its net profit to Rs 84 crore in the first quarter ended June 2025. The company had earned a net profit of Rs 70 crore in the same quarter of the previous year. The NBFC's total income in the quarter grew to Rs 444 crore from Rs 347 crore in the corresponding quarter of the previous fiscal year, MAS Financial Services said in a regulatory filing. RattanIndia Power on Wednesday reported a consolidated net loss of Rs 13.41 crore in June quarter mainly due to lower revenues. The company had reported a consolidated net profit of Rs 93 crore in the year-ago period, as per a BSE filing. Westlife Foodworld, operator of McDonald's restaurants in West and South India, on Wednesday reported a decline of 62.5 per cent in its consolidated net profit to Rs 1.22 crore in the June quarter. The company had reported a consolidated net profit of Rs 3.25 crore in the April-June quarter a year ago, according to a regulatory filing from Westlife Foodworld. However, its sale rose 6.45 per cent to Rs 653.25 crore in the June quarter of FY26. In the year-ago period, the same stood at Rs 613.64 crore. Sapphire Foods India, the franchisee operator for YUM Brands' QSR chains KFC and Pizza Hut, reported a consolidated loss of Rs 1.73 crore for the June quarter. The company had posted a consolidated net profit of Rs 8.18 crore in the same quarter a year ago, according to a regulatory filing by Sapphire Foods India, which operates in India and Sri Lanka. Its consolidated revenue from operations rose 8.14 per cent to Rs 776.82 crore in the June quarter, up from Rs 718.28 crore in the year-ago period, it added. The company's total expenses increased 10.35 per cent to Rs 785.45 crore during the quarter. Aditya Birla Real Estate Ltd (ABREL) on Wednesday reported a consolidated net loss of Rs 27.08 crore for the first quarter of this fiscal. The company had posted a net profit of Rs 17.35 crore in the year-ago period. Total income also declined to Rs 157.41 crore during the April-June period of FY26 from Rs 365.24 crore in the corresponding period of the preceding year, according to a regulatory filing. (With inputs from PTI)
News18
11 hours ago
- Business
- News18
MAS Financial Services Q1 net profit rises 19 pc to Rs 84 cr
Last Updated: New Delhi, Jul 23 (PTI) NBFC firm MAS Financial Services on Wednesday reported a 19 per cent increase in its net profit to Rs 84 crore in the first quarter ended June 2025. The company had earned a net profit of Rs 70 crore in the same quarter of the previous year. The NBFC's total income in the quarter grew to Rs 444 crore from Rs 347 crore in the corresponding quarter of the previous fiscal year, MAS Financial Services said in a regulatory filing. Interest income during the reporting quarter was higher at Rs 369 crore compared to Rs 295 crore a year ago. The total expenses rose to Rs 331 crore at the end of Q1 FY26 against Rs 252 crore in the year-ago quarter. During the quarter, the Assets Under Management (AUM) of the NBFC rose to Rs 12,505 crore as against Rs 10,384 crore in the same period a year ago, registering a 20 per cent increase. Capital Adequacy Ratio (including Tier II capital) as of June 30, 2025 remained very strong at 25.22 per cent with Tier-I capital at 23.19 per cent, it said. Commenting on the performance, the company's CMD Kamlesh Gandhi said, 'The performance of the company even during these trying times, demonstrates our capability of navigating through tough cycles successfully which is proved many times during this long journey of 30 years." PTI DP HVA HVA view comments First Published: July 23, 2025, 16:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Economic Times
12 hours ago
- Business
- Economic Times
Laxmi India Finance sets price band at Rs 150–158 for IPO opening on July 29
Laxmi India Finance, a Rajasthan-based non-banking financial company (NBFC) focused on MSME and vehicle loan products, has announced the price band for its upcoming IPO at Rs 150 to Rs 158 per share. The book-built issue, aggregating up to Rs 254 crore, will open for public subscription on July 29 and close on July 31. ADVERTISEMENT The IPO comprises a fresh issue of 1.04 crore shares worth Rs 165.17 crore and an offer for sale of 56.38 lakh shares worth Rs 89.09 crore by existing shareholders. Retail investors can bid for a minimum of 94 shares per lot. Shares of Laxmi India Finance are proposed to be listed on both the BSE and NSE, with a tentative listing date of August 5. The company intends to use the proceeds from the fresh issue primarily to augment its capital base and meet future lending requirements. As of March 2025, Laxmi India Finance had assets under management (AUM) of Rs 1,277 crore, with MSME loans comprising 76.34% of its total portfolio. Its loan book is diversified across Rajasthan, Gujarat, Madhya Pradesh, and Chhattisgarh, with a network of 158 branches and over 35,500 active customers, including a significant share of first-time India has shown strong growth in its financials. Revenue increased 42% year-on-year to Rs 248 crore in FY25, while profit after tax rose 60% to Rs 36 crore. Also read: Tata Capital seeks up to $20 billion valuation in upcoming IPO: Sources ADVERTISEMENT Backed by a mix of high-yield lending products, deep regional reach, and growing demand for formal credit among underserved segments, Laxmi India Finance offers investors a compelling entry into the expanding MSME lending space. The IPO is being managed by PL Capital Markets, with Link Intime as the registrar. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
12 hours ago
- Business
- Economic Times
Laxmi India Finance eyes Rs 254-cr via IPO; issue to open on July 29
NBFC player Laxmi India Finance Ltd on Wednesday fixed a price band of Rs 150-158 per share for its upcoming Rs 254-crore initial public offering (IPO). ADVERTISEMENT The initial share sale will open for public subscription on July 29 and conclude on July 31, the company announced. The Jaipur-based company's IPO is a combination of fresh issue of 1.84 crore equity shares and an offer for sale of 56.38 lakh shares by promoters. Overall, the IPO size is pegged at Rs 254.26 crore at the upper end of the price band. Proceeds from the fresh issue will be used to shore up its capital base to meet future capital requirements towards onward lending and for general corporate purposes. Laxmi India Finance, a non-deposit-taking NBFC, offers a diverse product portfolio, including MSME (micro, small and medium enterprises) loans, vehicle loans, construction loans, and other lending solutions to customers. As of March 2025, the company's assets under management (AUM) increased to Rs 1,277 crore from Rs 687 crore as of March 2023, representing a CAGR (compound annual growth rate) of over 36 per cent, primarily driven by an increase in volume of its loans and strengthened branch network. ADVERTISEMENT Its operational network spans across 158 branches in rural, semi-urban and urban areas in Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh and Uttar Pradesh as of March 2025. The NBFC player's revenue from operations increased 42 per cent to Rs 246 crore for fiscal 2025 against Rs 173 crore in the preceding fiscal, and its profit after tax rose 60 per cent to Rs 36 crore compared to Rs 22.5 crore during the period. PL Capital Markets is the sole book-running lead manager to the public issue. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
12 hours ago
- Business
- Time of India
Laxmi India Finance eyes Rs 254-cr via IPO; issue to open on July 29
NBFC player Laxmi India Finance Ltd on Wednesday fixed a price band of Rs 150-158 per share for its upcoming Rs 254-crore initial public offering (IPO). The initial share sale will open for public subscription on July 29 and conclude on July 31, the company announced. Explore courses from Top Institutes in Please select course: Select a Course Category others MBA Leadership Product Management Artificial Intelligence Data Science Project Management CXO Finance Digital Marketing Data Analytics MCA Cybersecurity Management Others Design Thinking healthcare PGDM Operations Management Degree Public Policy Technology Data Science Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT - ISB Cybersecurity for Leaders Program India Starts on undefined Get Details The Jaipur-based company's IPO is a combination of fresh issue of 1.84 crore equity shares and an offer for sale of 56.38 lakh shares by promoters. Overall, the IPO size is pegged at Rs 254.26 crore at the upper end of the price band. Proceeds from the fresh issue will be used to shore up its capital base to meet future capital requirements towards onward lending and for general corporate purposes. Laxmi India Finance, a non-deposit-taking NBFC, offers a diverse product portfolio, including MSME (micro, small and medium enterprises) loans, vehicle loans, construction loans, and other lending solutions to customers. Live Events As of March 2025, the company's assets under management (AUM) increased to Rs 1,277 crore from Rs 687 crore as of March 2023, representing a CAGR (compound annual growth rate) of over 36 per cent, primarily driven by an increase in volume of its loans and strengthened branch network. Its operational network spans across 158 branches in rural, semi-urban and urban areas in Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh and Uttar Pradesh as of March 2025. The NBFC player's revenue from operations increased 42 per cent to Rs 246 crore for fiscal 2025 against Rs 173 crore in the preceding fiscal, and its profit after tax rose 60 per cent to Rs 36 crore compared to Rs 22.5 crore during the period. PL Capital Markets is the sole book-running lead manager to the public issue.
