News Highly Sensitive to Stock Price: Feb 03

Bajaj Housing Finance

Bajaj Housing Finance reported a strong set of financial results for the fiscal third quarter, with net profit rising 21% YoY to Rs 665 crore, aided by steady loan growth and higher core income. NII increased 19% to Rs 963 crore in Q3 FY26. Margins were broadly stable during the quarter. The company’s asset quality remained resilient. GNPA stood at 0.27% vs 0.26% in Q2FY26 and NNPA 0.11% vs 0.12% QoQ.

Tata Chemicals

Overall performance was weak in the quarter. Revenue for the quarter declined 1.1% YoY at Rs 3550cr. EBITDA declined 20.5% YoY at Rs 345cr. Operating margin slipped 240bps YoY at 9.7%. Net loss stood at Rs 93cr as against Rs 53cr in Q3FY25.

Hyundai Motor

Hyundai Motor India reported a 6.3% net profit increase to Rs 1,194.9 crore in Q3FY26, driven by strong SUV sales, rural demand, operational efficiency, and positive effects of GST 2.0 and tax cuts. Revenues from operations in the period under review rose 7.4% to Rs 17,097 crore. The company also announced that the new Talegaon manufacturing plant became operational on October 1, 2025. EBITDA came at Rs 2,018 crore, an increase of 7.6% YoY.

Indus Towers Ltd Q3FY26 Results Review

Indus Towers numbers were in line with estimates in Q3FY26. Its consolidated revenue grew 8% YoY to Rs 8146 crore. The company’s EBITDA stood at Rs 4509 crore and EBITDA margin slipped to 55.3% in Q3FY26, impacted by lower revenue growth and higher power and fuel costs. The company’s net profit (adj) was down 55.5% YoY to Rs 1776 crore in Q3FY26. Revenue/EBITDA/Net profit declined 0.5%/2.7%/3.5% on QoQ basis, respectively.

Coal

The government has successfully auctioned 136 coal blocks since 2020. Future allocations will also follow a competitive bidding process. The Minister of State for Coal stated that the government is open to examining Telangana’s proposal for the Tadicherla coal block. This move aims to ensure decisions are made in the people’s interest and as per law.

IOCL

A deal between Indian Oil Corp Ltd (IOCL) and global trader Vitol to form an equal trading joint venture has been delayed due to differences over some clauses in the contract. These include the volume of IOC’s crude purchases that will come under the joint venture’s control and the timing of an exit clause for the trader.

City Union Bank

The bank’s net profit rose 16% YoY to Rs 332 crore in Q3. Net interest income increased sharply by 28% to Rs752 crore, reflecting better balance-sheet traction and core lending performance. Asset quality trends improved sequentially during the quarter. GNPA declined to 2.17% from 2.42% in the previous quarter, while net NPAs eased to 0.78% from 0.90%.

Public Sector Banks

The Indian government is actively conducting inter-ministerial discussions to increase the foreign direct investment (FDI) ceiling in state-owned banks from the current 20% to 49%, financial services secretary M. Nagaraju said.

Unichem Labs

United States Food and Drug Administration (US FDA) conducted an inspection at the Company’s Kolhapur API facility from 27th January 2026 to 2nd February 2026. The inspection closed with five observations which were more of procedural changes with none of these related to data integrity.

Ventive Hospitality

Revenue for the quarter grew 28.4% YoY at Rs 685.5cr. EBITDA was up 26.8% YoY at Rs 311cr. Finance cost declined 39.3% YoY at Rs 60cr. Net profit surged 423% YoY at Rs 116.6cr. Other Income was up 12.7% YoY at Rs 36.5cr.

Paradeep Phosphastes

Q3FY26 profit fell 13% to Rs 182 crore Vs Rs 209.3 crore, revenue increased 5.2% to Rs 5,748.7 crore Vs Rs 4,989.6 crore. Exceptional loss stands at Rs 41.3 crore

UPL

Revenue for the quarter increased 12.5% YoY at Rs 12269cr. EBITDA was up 18.5% YoY at Rs 2317cr. Operating margin improved 100bps YoY at 18.9%. Net profit declined 52.2% YoY at Rs 396cr. PBT for the quarter increased 69% YoY at Rs 727cr. Other Income was down 46% YoYat Rs 92cr.

Power Grid

POWERGRID Khavda II-C Transmission Limited secured through Tariff Based Competitive Bidding with a mandate for implementation of Inter-State Transmission System namely “Transmission scheme for evacuation of 4.5GW RE injection at Khavda PS under Phase-II, Part C” has been completely commissioned.

NTPC Green

NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Limited, signed a Memorandum of Understanding (MoU) with Assago Industries Private Limited for supply of Green Ammonia, Carbon Dioxide, Renewable Energy Power and other related utilities for the latter for production of 1000 TPD of Green Urea. The Urea plant being explored to be setup in the NGEL Green Hydrogen Hub at Pudimadaka (near Visakhapatnam), AP.

PB Fintech

Q3FY26 profit zoomed 165% to Rs 189.4 crore Vs Rs 71.5 crore; Revenue surged 37.1% to Rs 1,771.2 crore Vs Rs 1,291.6 crore. Meanwhile, the Board has approved fund raise via qualified institutional placement (QIP)

Awfis Space Solutions

Q3FY26 profit increased 42.7% to Rs 21.7 crore Vs Rs 15.2 crore; Revenue grew 20.2% to Rs 381.8 crore Vs Rs 317.7 crore

IRB Infrastructure Developers

The company has transferred its 100 percent equity share capital in VM7 Expressway (Gandeva–Ena HAM project) to the IRB InvIT Fund for Rs 513 crore. Following this asset transfer, the company’s consolidated debt is expected to reduce by approximately Rs 700 crore.

Brigade Hotel Ventures

The company has signed a Memorandum of Understanding (MoU) with the Government of Tamil Nadu, committing an investment of Rs 1,100 crore in Chennai.
As part of this initiative, the company will add over 500 new keys across three properties in Chennai, including Courtyard by Marriott at Chennai World Trade Center, Grand Hyatt Chennai ECR, and JW Marriott Chennai OMR. Brigade Group has already acquired land for these projects to develop hospitality destinations in Chennai.

Source: HSL Prime Daily, 03 Feb 2026

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