News that may have an impact on prices of some stocks today, 22nd July, 2025

Oberoi Realty’s net profit down by 28%

Oberoi Realty reported a 28% YoY decline in net profit at Rs 421.2 crore for the first quarter that ended June 30, 2025. In the corresponding quarter of the previous fiscal, Oberoi Realty posted a net profit of Rs 585 crore. Other Income stood at Rs 86.4 crore vs. Rs 36.8 crore, a year ago. The company’s revenue from operations fell 29.7% to Rs 987.5 crore against Rs 1,405 crore a year ago.

Afcons Infra gets new project of Rs 6,800 crore in Croatia

Company has been declared the lowest bidder by HŽ Infrastruktura d.o.o. (HŽ Infrastructure Ltd) for a railway rehabilitation and construction project in the Republic of Croatia. The estimated value of the contract is equivalent to approximately Rs 6,800 crore. It is to be completed in the next 72 months.

Sagar Cements net profit in June quarter up by 123%

Sagar Cements Ltd reported a consolidated net profit of Rs 7.5 crore for the April-June 2025 quarter up 123% year on year. Revenue increased 20% year on year at Rs.671 crores. Operating margin improved to 18% from 8% year on year. Operating EBITDA per ton has shown strong improvement from Rs. 356/ton to Rs. 851/ton. Company will enhance of Grinding Capacity from 1.00 MTPA to 1.5 MTPA at its manufacturing facility at Jeerabad, Madhya Pradesh at a cost of around Rs 120 crores. Implementation of 6 MW solar power plant at its manufacturing facility at Jeerabad at a cost of around Rs 20.50 crores. All the cost will be met out of internal accruals and debt.

PNB Housing Finance’s net profit up by 23% in June quarter

PNB Housing Finance reported a net profit of Rs 534 crore, marking a 23% YoY growth, helped by steady home loan demand. Its net interest income rose by 17% YoY and 4% QoQ to Rs 760 crore, while NIM stood at 3.74% in Q1FY26, as compared to 3.75% in Q4FY25. The company’s AUM grew by 13% YoY and 2% QoQ to Rs 82,100 crore as of 30th June 2025. Asset quality continued to improve, with GNPA contracting 2bps at 1.06%. NNPA was stable at 0.69%.

CIE Automotive’s net profit down by 6.2%

CIE Automotive reported a 6.2% YoY dip in net profit at Rs 203 crore for Q1FY26. The company’s revenue from operations fell 4.1% to Rs 2,369 crore. At the operating level, EBITDA declined 6.4% to Rs 338 crore. EBITDA margin contracted to 14.2% from 15.7% YoY.

Bajaj Finance MD resigns

Bajaj Finance managing director Anup Kumar Saha has resigned from his position due to personal reasons. He has also resigned from his position as a director in the board of the company.

Titagarh receives LoA from Ministry of Railways

Titagarh Rail Systems Limited (formerly Titagarh Wagons Limited) has received a Letter of Advance Acceptance (LoA) from the Ministry of Railways for the manufacture and supply of 780 BVCM-C wagons, valued at approximately Rs 312.69 crore. The execution of the order is scheduled to be completed within nine months from the date of the contract.

Jaguar Land Rover postpones the launch of electric Range Rover and Jaguar models

Jaguar Land Rover (JLR) has postponed the launch of its electric Range Rover and Jaguar models to allow for more testing and to align with market demand. Deliveries for the Range Rover Electric, initially expected by late 2025, will now begin in 2026. Jaguar’s first electric vehicle is set to enter production in August 2026.

Garden Reach launched eighth anti-submarine warfare ship for Indian Navy

Garden Reach Shipbuilders and Engineers Ltd (GRSE) launched the eighth and last ship, in a series of anti-submarine warfare shallow water crafts, built for the Indian Navy.

JTEKT India to raise up to Rs 250 crore through rights issue

The company approved the rights issue of 2.3 crore shares up to Rs 250 crore at an issue price of Rs 108.1 per share. It will issue one equity share for 11 (eleven) shares held as on record date.

L&T Energy GreenTech to set up green energy hydrogen plant at IOCL’s Panipat refinery

Company’s wholly-owned subsidiary L&T Energy GreenTech (LTEG) will set up India’s first largest green hydrogen plant at Indian Oil Corporation Ltd’s (IOCL) Panipat Refinery in Haryana. The plant, to be developed on a build-own-operate (BOO) basis, will supply 10,000 tonnes of green hydrogen annually to IOCL for 25 years.

UltraTech Cement’s net profit up by 49%

UltraTech Cement reported a 49% year-on-year (YoY) surge in its Q1FY26 consolidated net profit at Rs 2,221 crore as compared to Rs 1,493 crore posted in the year-ago period. Revenue showed 13% increase at Rs.21,275 crores and margin improved to 21% as compared to 16% last year. However, net profit has slightly missed estimates.

Havells India net profit down by 14%

Revenue in Q1FY26 fell by 6.2% from the year-ago period to Rs 5,438 crore. The drag in topline came from the Electrical Consumer Durables, and Lloyd Consumer business. Revenue from the Electrical Consumer business fell to Rs 906 crore from Rs 1,055 crore last year, while Lloyd Consumer business revenue fell 35% from the year-ago period to Rs 1,262 crore from Rs 1,924 crore. Analysts were expecting a decline of 20% for the Lloyd’s business. Net profit declined 14% YoY at Rs 352.3 crore. Other Income stood at Rs 69 crore vs. Rs 77 crore in Q1FY25.

Lords Chlor Alkali posts Rs 10.45 crore profit in June quarter

Total Income stood at Rs. 100.47 crore in Q1 FY26, as against Rs. 65.53 crore in Q1 FY25, driven by a higher volume and improved realization of Caustic Soda lye and Chlorinated paraffin wax. EBITDA for the quarter was at Rs 20.4 crore as against Rs. 4.5 crore in Q1 FY25. It was driven by higher product volumes, improved cost efficiencies from better absorption of fixed costs. During the quarter energy cost per ton saw a notable year on year reduction of nearly 18%, reflecting the benefits of the solar power plant and strategic cost management. Net profit stood at Rs. 10.45 crore as against Rs. 1.95 crore in Q1FY25.

Parag Milk posts revenue of Rs 27.5 crore in June quarter

Revenue increased 12.3% at Rs 851 crore. EBITDA was up 2.3% at Rs 57.3 crore. Operating margin down 65bps at 6.7% vs. 7.38%. Net profit was up 0.7% at Rs 27.5 crore vs. Rs 27.3 crore.

Bansal Wire’s net profit in June quarter up by 24.8%

Revenue for the quarter grew 14.9% YoY at Rs 939 crore. Operating margin improved 18bps YoY at 7.65%. Net profit was up 24.8% YoY at Rs 39.3 crore. PBT for the quarter increased 12% YoY at Rs 50 crore. The Dadri expansion is progressing well, with new capacity expected soon. It is also scaling specialty wire portfolio hose wire, bead wire, and steel cord targeting high-growth, high-value segments aligned with India’s import substitution drive.

DCM Shriram’s net profit up by 13% in June quarter

Revenue for the quarter grew 12.4% YoY at Rs 3455 crore. Operating margin improved 70bps YoY however slipped 460bps QoQ at 8.8%. Net profit was up 13% YoY at Rs 113.4 crore. Finance cost increased 51% YoY at Rs 44 crore. Power & fuel expenses increased 24.8% YoY at Rs 466 crore. Fertiliser and Bioseed segment reported significant growth in operational performance. Chemical and Fenesta segment reported steady performance. Sugar & Ethanol dragged operating profitability. Global caustic soda supply chain is disrupted owing to tariff related headwinds and geo-political conflicts, keeping international prices range bound. EPS for the quarter stood at Rs 7.27 and it was at Rs 38.75 for FY25. At CMP, the stock trades at 28x FY26E EPS.

Dr Reddy’s API facility passes USFDA inspection with no adverse observations

Further to intimation dated May 17, 2025, regarding the GMP inspection conducted by the US FDA at API facility in Middleburgh, New York, the company informed that the company has received the Establishment Inspection Report (EIR). US FDA has classified the inspection outcome as Voluntary Action Indicated (VAI) and concluded that the inspection is officially closed.

Titan to acquire 67% stake in Damas

Titan Company Limited through its wholly owned subsidiary Titan Holdings International FZCO has entered into an Agreement for the Sale and Purchase of Shares to acquire 67% stake in Damas LLC (UAE) in GCC countries from Mannai Corporation. The consideration for the Proposed Transaction is arrived on the basis of the enterprise value of AED 1,038 million. On completion of the acquisition. Titan Holdings would hold 67% of the equity share capital and voting rights in Damas LLC and a path to acquire the balance 33% stake from Mannai after 31st December 2029, subject to conditions agreed upon in the definitive document. It had reported sales of AED 1,461 million in FY24 (year ending Dec2024).

Quality Power Electrical Equipment gets export order of more than Rs 10 crore

Company has secured a significant export order exceeding Rs 10 crore from a leading European customer for the supply of dry-type Shunt Reactors for a hyperscale data centre project in Finland.

BEML to split shares in 1:2 ratio

BEML Ltd.’s board approved a plan to split shares. The company will split one existing fully paid-up equity share of face value of Rs 10 into two paid-up equity shares of face value of Rs 5 each.

BL Kashyap receives Rs 910 crore order

The company received a Rs 910 crore (ex GST) order for the construction & supervision of Civil structure work from BPTP Ltd.

Arisinfra gets new order of Rs 340 crore

Arisinfra Solutions Ltd. has been appointed as a major partner for Transcon Group’s ongoing projects in Mumbai. Under this long-term agreement, Arisinfra will deliver integrated materials and services valued at approximately Rs 340 crore across Transcon’s residential and commercial developments, offering strong revenue visibility over the next 3–4 years. The scope includes end-to-end supply of Ready-Mix Concrete (RMC), Steel, Cement, Chemicals, Plumbing, Electrical, and Finishing Products.

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Source: HDFC Securities Prime Research