News that may have an impact on prices of some stocks today, 21st July, 2025

Ircon International gets two orders of Rs 1,113 crore

Company bagged two orders worth Rs 1,113 crore to undertake work on the Mumbai Metro Rail Lines-5 and Line-6. The orders have been awarded by the Mumbai Metropolitan Region Development Authority. The first order is worth Rs 471 crore and is for “package 2 of Line5”. The second order is worth Rs 642 crore and involves the design, manufacture, supply and installation of power supply and traction, electrical and mechanical, lifts and escalators for “package-2 of Line 6” which includes Swami Samarth Nagar to Vikhroli.

JSW Steel’s consolidated net profit up by 158% in June quarter

JSW Steel reported a 158% YoY surge in its Q1FY26 consolidated net profit at Rs 2,184 crore as compared to Rs 845 crore posted in the year-ago period. Revenue showed no significant change at Rs 43,147 crores and margin improved to 17% as compared to 13% last year. Better operational metrics, higher other income and lower taxes led to sharp increase in profitability.

AU Small Finance Bank’s net profit in June quarter up by 15.6%

AU Small Finance Bank reported a net profit of Rs 581 crore for the first quarter of FY26, marking a 15.6% YoY increase. However, the bank’s net interest income (NII) rose 6.5% YoY to Rs 2,045 crore. On the asset quality front, the lender reported a deterioration on a sequential basis. GNPA rose to 2.47% from 2.28%. Net NPAs stood at 0.88% from 0.74%.

Reliance Industries’ net profit above expectations

Reliance Industries revenue was inline and net profit was above expectations in Q1FY26, revenue growth was driven by strong performances in its digital services, retail, and other businesses. Consolidated net revenue was up by 5.1% YoY to Rs 243,632 crore in Q1FY26, EBITDA grew by 25.7% YoY to Rs 42,905 crore, supported by better contributions from Oil and Gas and digital businesses. EBITDA margin stood at 17.6% in Q1FY26, vs. 16.7% in Q1FY25. Net profit grew 76.5% YoY to Rs 30,782 crore, and net profit surged due to higher other income. Other income for the quarter at Rs 15,119 crore included Rs 8,924 crore proceeds from sale of listed investments.

Mastek’s net profit up by 27%

Mastek’s numbers were in line with estimates in Q1FY26, order pipeline and order backlog remain strong. The company expects sustainable and profitable growth in FY26E and beyond. Consolidated revenue grew 1% QoQ and 12.5% YoY to Rs 915 crore. Delivered revenue growth of 2.6% QoQ and 10.4% YoY in US$ terms. EBIT was down by 1% QoQ and up by 14.5% YoY to Rs 119 crore. EBIT margin slipped 30bps QoQ, impacted by marginal growth and higher employee costs in the quarter, and rose 20bps YoY to 13% in Q1FY26. Net Profit rose 3.2% QoQ and 27% YoY to Rs 92 crore.

PNGRB orders city gas retailers to charge higher prices irrespective of consumption level

PNGRB has ordered city gas retailers to charge a uniform price for natural gas they pipe to household kitchens for cooking purposes, regardless of consumption levels, as it looks to curb the tendency of companies to charge a higher rate beyond a usage threshold.

JK Cements’ profit up by 75%

JK Cements Ltd reported a consolidated net profit of Rs 324 crore for the April-June 2025 quarter up 75% year on year. Revenue increased 19% at Rs 3353 crore. Oprating margin improved to 21% from 17% year on year. JK Cement’s grey cement net sales realization was at Rs 4,938 per ton, compared to Rs 4,899 per ton in the previous quarter, bolstered mainly by improved realisation in the catchment area of the Muddapur unit.

Delhivery acquires 78.75% stake in Ecom for Rs 1,369 crore

Delhivery has successfully completed acquisition of 78.75% of Ecom Express Limited for approximately Rs 1,369 crores making Ecom a subsidiary of the company.

IndiaMart InterMesh’s net profit up by 34%

Revenue grew 12.3% YoY at Rs 372 crore. Operating profit was up 11.7% YoY at Rs 133.5 crore. Net profit increased 34% YoY at Rs 153.5 crore. Other Income was at Rs 92 crore vs. Rs 53 crore, a year ago. At CMP, the stock trades at 26x FY27E EPS.

India Cements posts loss of Rs 132.9 crore in June quarter

India Cements Ltd reported a consolidated net loss of Rs 132.9 crore for the April-June 2025 quarter. Revenue remained flat at Rs.1025 crores. The loss is majorly on account of impairment costs of Rs.124 crores. Operating margin improved to 8% from -2% year on year.

Reliance Power posts profit of Rs 44.68 crore in June quarter

Revenue from operations stood at Rs.1,885 crore, which was down 5.4% YoY and -4.7% QoQ. EBITDA declined by -3.1% YoY but grew by 4.7% on QoQ basis. PAT was reported Rs 44.68 crores, a turnaround from a loss of Rs 98 crores in Q1FY25. As compared to last quarter, their profit declined by 64%. Reliance Powers’ subsidiary, Reliance NU Energies, received Letter Of Award (LOA) from SJVN Ltd., for the Inter State connected Solar + Battery Energy Storage System (BESS) PROJECT. The project is awarded for 350MW Solar Capacity where the installation will be of 600MW DC Capacity. For the Battery Energy storage, the capacity will be 175MW /700MWh. This makes Reliance power the largest player in the Integrated Solar and BESS segment with a capacity of 2.6GW each.

Concord Biotech’s Dholka facility passes EU GMP inspection

Company announced the successful completion of the European Union Good Manufacturing Practice (EU GMP) inspection at Active Pharmaceutical Ingredient (API) manufacturing facility in Dholka, Gujarat. The inspection was conducted from July 14, 2025 to July 18, 2025.

Sona BLW to form joint venture with JNT in China

Sona BLW Precision Forgings Ltd. (Sona Comstar), has signed a binding term sheet with Jinnaite Machinery Co., Ltd (JNT) to establish a joint venture (JV) company in China. The JV will manufacture and supply driveline systems and components to automotive OEMs in China and globally. Sona Comstar will invest US$ 12 million, while JNT will contribute US$ 8 million in assets and business to the joint venture in the first phase. The JV is expected to commence operations in the second half of the current financial year, marking a significant milestone in Sona Comstar’s expansion into the Chinese EV market.

Dr’ Reddy’s facility gets 7 adverse observations in US FDA inspection

United States Food & Drug Administration (US FDA) completed a GMP and a Pre-Approval Inspection (PAI) at formulations manufacturing facility FTO 11 in Srikakulam, Andhra Pradesh, India. The inspection was conducted from 10th July to 18th July, 2025. US FDA issued a Form 483 with 7 observations, which the company will address within the stipulated timeline.

BEML gets new order of Rs 185.7 crore

BEML Ltd. has bagged an order worth Rs 185.7 crore from the Ministry of Defence for supply of bulldozers. The firm had previously received two export orders for heavy-duty bulldozers and motor graders in the CIS region. This was for the sum of US$ 6.23 million.

Hatsun Agro’s net profit up by 3.45%

Hatsun Agro posted 3.45% YoY rise in Q1FY26 net profit at Rs 135 crore, with revenue up 9.1% to Rs 2,590 crore. Operating profit was up 9.3% YoY at Rs 361 crore. The company also declared a Rs 6 interim dividend per share.

L&T Finance’s profit up by 2%

L&T Finance reported a consolidated PAT of Rs 701 crore for Q1FY26, a 10% sequential and 2% YoY rise, driven by robust growth in its retail portfolio and a focus on cost and asset quality. The company’s consolidated loan book reached a record Rs 1,02,314 crore, with the retail book contributing Rs 99,816 crore — up 18% YoY. NIM plus fees stood at 10.22%, marginally up from 10.15% in Q4FY25 but lower than 11.08% in Q1FY25. Asset quality remained stable, with gross stage 3 assets at 3.31% and net stage 3 at 0.99%.

ICICI Bank net profit in June quarter up by 15%

ICICI Bank reported a 15% YoY increase in net profit to Rs 12,768 crore. NII stood at Rs 21,634 crore for the June quarter, up 8.4%. Asset quality remained stable sequentially with GNPA/NNPA at 1.67%/0.41%. As of June 30, 2025, total advances rose to Rs 13.64 lakh crore. The average CASA ratio stood at 38.7%.

Can Fin Homes’ net profit up by 12.1%

Net interest income was up 12.9% YoY at Rs 363 crore. PAT grew 12.1% at Rs 224 crore. Loan assets were up 9% at Rs 38,773 crore. NIM stood at 3.64% vs. 3.57%. Asset quality deteriorated with GNPA increasing 11bps to 0.98% and NNPA expanding 8bps to 0.54%. Return on assets at 2.19% vs. 2.17%.

RBL Bank’s net profit down by 46% y-o-y

The bank posted a net profit of Rs 200 crore in Q1 FY26, a sharp sequential rebound from Rs 69 crore in Q4, however 46% decline over Q1FY25 PAT. Net Interest Income fell 13% from last year to Rs 1,481 crore. Asset quality saw some deterioration from the March quarter, with gross NPA at 2.78% from 2.6% in March, while Net NPA stood at 0.45% from 0.29% in March.

Bandhan Bank’s net profit down by 65% y-o-y

Bandhan Bank reported a net profit of Rs 372 crore for the June quarter, down 65% YoY. NII stood at Rs 2,757 crore, falling 7.7% YoY. The bank’s asset quality weakened sequentially as Gross NPAs climbed to 4.96% from 4.71%, while the Net NPA ratio rose to 1.36% from 1.28%.

Union Bank’s net profit up by 11.87%

CASA Deposits stood at 46.88% of total deposits increased 6.2% YoY to Rs 200522 crore. Gross Advance increased 10% YoY to Rs 275595 crore. Gross NPA stood at 3.52% as against 4.54% and Net NPA stood at 0.62%, from 0.9%. Net Profit was up 11.87% YoY to Rs 4116 crore. Net Interest Income for the quarter declined 3.2% YoY at Rs 9113 crore.

Central Bank of India’s net profit up by 32.8%

CASA Deposits stood at 32.5% of total deposits increased 3.6% YoY to Rs 1239933 crore. Gross NPA stood at 3.13% as against 4.54% and Net NPA stood at 0.49%, from 0.73%. Provision Coverage Ratio (PCR) improved to 97.02%, from 96.17%. Net Profit was up 32.8% YoY to Rs 1169 crore. Net Interest Income for the quarter stood at Rs 3383 crore. Net Interest Margin stood at 3.16%.

Texmaco Rail gets new order of Rs 47.77 crore

Company received an order of Rs 47.77 crore from UltraTech Cement. It is for BOXNHL wagons along with BVCM Brake Van to be delivered by mid of October 2025.

Rossari Biotech’s net profit down by 3.7%

Revenue for the quarter grew 11% YoY at Rs 543.7 crore. EBITDA was up 4.6% YoY at Rs 67.8 crore. Net profit declined 3.7% YoY at Rs 33.6 crore. Other expenses were up 21% YoY at Rs 67 crore. Adjusted for Institutional and B2C businesses, EBITDA margin remained healthy at ~16% in Q1FY26. HPPC revenue grew 16% YoY at Rs 424 crore. Animal Health sales grew 11% YoY at Rs 30 crore. Textile chemicals sales declined 8% YoY at Rs 90 crore. EPS for the quarter stood at Rs 6.06 and it was at Rs 24.63 for FY25. At CMP, the stock trades at 22.5x FY27E EPS.

Aarti Drugs’ net profit up by 62% in June quarter

Revenue for the quarter grew 6.3% YoY at Rs 590.5 crore. EBITDA increased 14% YoY at Rs 74.1 crore. Net profit was up 62% YoY at Rs 53.9 crore. PBT for the quarter increased 16% at Rs 51.1 crore. API revenue grew 4% YoY at Rs 458 crore. Formulation sales grew 14% YoY at Rs 80.3 crore. Specialty Chemicals & Intermediates sales increased 22% YoY at Rs 52 crore. During Q1FY26, the company incurred a capex of Rs 48.5 crore mainly towards capacity expansion, backward integration and finished formulation R&D. For FY26, the company guided for capex at ~Rs 150-200 crore. Within the API business, the anti-biotic therapeutic category contributed ~41%, anti-diabetic ~15%, anti-protozoal ~19%, antiinflammatory ~12%, antifungal ~10% and the rest contributed ~4% to total API sales.

Global Civil Projects gets new order of Rs 172.99 crore

Globe Civil Projects Limited announced the receipt of an order from NBCC (India) Ltd. valued at Rs 172.99 crore (excluding GST). The project entails the development of infrastructure facilities and buildings for the Central University of Punjab at Village Ghudda, District Bathinda, Punjab, on an EPC basis. It is to be executed over the next 21 months.

Seshasayee Paper net profit in June quarter down by 58.3%

Revenue for the quarter declined 8.7% YoY at Rs 385.4 crore. EBITDA declined 55.3% YoY at Rs 21.4 crore. Operating margin slipped 570bps YoY at 5.6%. Net profit declined 58.3% YoY at Rs 15.4 crore. Other Income was down 6.7% YoY at Rs 13.6 crore. Lower realization per tonne impacted operational performance. Domestic sales volume during Apr-Jun’25 was higher by 5%. Export sales volume declined 35%.

Patel Engineering gets new contract of Rs 240 crore

Company won Rs 240 crore NHPC hydropower contract for Teesta-V Project in Sikkim. The scope of work involves modifying the diversion tunnel into a tunnel spillway arrangement under Package 6 of the project. Located in the South District of Sikkim, the project is expected to be completed within 18 months.

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Source: HDFC Securities Prime Research