News that may have an impact on prices of some stocks today, 18th August, 2025

Ahluwalia Contracts’ profit up by 67.6% in June quarter

Revenue grew 9.3% YoY to Rs 1,005 crore. Net Profit was up 67.6% to Rs 51.2 crore. EBITDA increased 42.8% to Rs 86.3 crore. Other Income was up 43% YoY at Rs 15.85 crore.

Patanjali Foods’ profit down by 31.4% in June quarter

Revenue grew 24% to Rs 8,900 crore. EBITDA declined 21.6% to Rs 321 crore. Operating margin stood at 3.6% vs. 5.7%. Other expenses were up 66% YoY at Rs 777 crore. Net Profit declined 31.4% YoY at Rs 180 crore.

KEC International gets new orders of Rs 1,402 crore

Company has secured orders for T&D projects: • 765 kV Transmission line from a marquee private player in India • Supply of towers and hardware and poles in the Americas along with orders in civil and cables business worth Rs.1,402 crore.

Coal India to invest Rs 5,622 crore in coal transportation and evacuation

Coal India Ltd is proceeding with infrastructure development plans despite a sluggish first quarter, allocating Rs 5,622 crore for coal transportation and evacuation. The company aims to increase mechanised coal evacuation capacity significantly by FY29 and remains committed to achieving 1 billion tonnes of production. CIL is also expanding its renewable energy portfolio, targeting 3 GW of solar capacity by FY28.

Glenmark Pharma’s profit down by 86.2% in June quarter

Overall numbers were below expectations in the quarter. Revenue for the quarter grew 0.6% YoY at Rs 3264.4cr as against estimate of Rs 3503cr. Operating margin contracted 30bps YoY at 17.8% as against expectation of 18.3%. Gross margin improved 310bps YoY at 68.9%. Reported net profit was down 86.2% YoY at Rs 46.9cr. Exceptional loss for the quarter was at Rs 323.2cr related to multiple antitrust and consumer protection lawsuits, in the US. PBT before exceptional items declined 9.4% YoY at Rs 418.8cr. India formulation sales grew 3.7% YoY at Rs 1240cr. US sales declined 0.4% YoY at Rs 778cr. Europe business declined 4% YoY at Rs 668cr. EM sales remained flat YoY at Rs 572cr. Europe and Emerging Markets (EM) likely to report high double digit revenue growth in FY26. EPS for the quarter stood at Rs 1.66 and it was at Rs 37.1 for FY25. At CMP, the stock trades at 33.5x FY27E EPS.

S&P Global upgrades ratings of 10 Indian financial institutions

S&P Global Ratings upgraded ratings of top 10 financial institutions, a day after the US-based agency raised India’s sovereign credit rating. S&P has raised long-term issuer credit ratings on seven Indian banks — State Bank of India, ICICI Bank, HDFC Bank, Axis Bank Ltd, Kotak Mahindra Bank, Union Bank of India, and Indian Bank — and three finance companies — Bajaj Finance, Tata Capital, and L&T Finance.

EMS gets new project of Rs 104.05 crore

Company has received a letter of acceptance (LoA) from UP Jal Nigam (Urban) for a project worth approximately Rs 104.05 crore.

Globe Civil Projects gets new orders of Rs 450 crore

In the last 45 days, the company has secured new orders worth ~ 450 crore, of which projects worth ~Rs 225 crore have already commenced. These large wins strengthen its pipeline, support margin expansion. With an order book of ~Rs 1,000 crore, and seasonality driving stronger execution in the second half, the company remains confident of sustaining growth. On Aug 16, 2025, the company received a project worth Rs 222.19 crore for construction of International Cricket Stadium at Lohat, Jhajjar, Haryana.

Zaggle Prepaid’s profit up by 55% in June quarter

Revenue grew 31.4% YoY to Rs 331.5 crore. EBITDA was up 37.7% YoY at Rs 30.9 crore. Adj. EBITDA increased 28% YoY at Rs 32.7 crore. Net Profit was up 55% YoY to Rs 25.9 crore. Other Income was up 160% YoY at Rs 11.7 crore.

Swan Energy’s profit down by 86.2% in June quarter

Revenue grew 6.3% to Rs 1,213 crore. EBITDA was down 93% to Rs 26.7 crore. Net Profit declined 86.2% YoY to Rs 19.1 crore. Other Income stood at Rs 58.9 crore vs. Rs 19.8 crore, a year ago.

JK Cement to invest Rs 4,805 crore in greenfield projects

Board approved greenfield expansion of a new cement line of 7 mn tonnes per annum. This includes a 4 MTPA clinkerisation unit, a 3 MTPA cement grinding unit at Jaisalmer, Rajasthan, and two split grinding units of 2 MTPA each in Rajasthan and Punjab. The total investment is estimated at Rs 4,805 crore.

AU Small Finance Bank to open 51 new branches

AU Small Finance Bank, poised to become a Universal Bank, is set to inaugurate 51 new branches across India on August 15, 2025, marking the 79th Independence Day. This expansion includes both liability and MFIB branches strategically located in high-potential regions. The new branches will offer comprehensive financial services and specialized support for micro-enterprises.

Fusion Finance strengthens leadership team

Fusion Finance has strengthened its leadership team with key appointments. Rajeev Sardana, a veteran with 30 years of retail lending experience at HDFC, joins the board as an independent director. Sanjay Garyali, the current CEO, has been appointed as a whole-time director for five years, a move approved by the Reserve Bank of India.

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Source: HDFC Securities Prime Research