News that may have an impact on prices of some stocks today, 24th July, 2025

Supreme Petrochem’s net profit down by 33.6%

Revenue for the quarter declined 11.9% YoY at Rs 1386.5 crore. Operating profit was down 28.8% YoY at Rs 114.7 crore. Net profit declined 33.6% YoY at Rs 81 crore. Other Income was down 34% YoY at Rs 15 crore.

Natco Pharma to acquire 35.75% stake in Adcock Ingram

Natco Pharma to acquire a 35.75% stake in South Africa based Adcock Ingram for ~Rs 20bn (1.12x revenue/7.8x EBITDA). The deal is likely to be completed in four months subject to legal approvals. Post-acquisition, the company will become private and Bidvest will hold ~65% stake to which Natco has the first right to refusal. 35.75% of Adcock’s profits to be added to bottom-line directly. With this deal, Natco would gain access to African continent, bring diversity in core earnings and leverage R&D better.

Dr Reddy’s net profit up by 1.8% in June quarter

Overall numbers were slightly lower than expectations for the quarter. Total revenue increased 11.4% YoY at Rs 8572cr as against estimate of Rs 8658cr. License fees and service income stood at Rs 278.6cr as against Rs 133cr, a year ago. EBITDA margin slipped 230bps YoY at 25.4% as against expectation of 26.3%. Gross margin was down 350bps YoY at 56.9%. Net profit increased 1.8% YoY at Rs 1418cr. Other Income was up 55% YoY at Rs 290cr. North America (US) business declined 11% YoY at Rs 3412cr. Company launched five products in the quarter. Europe revenue increased 142% YoY at Rs 1274cr as it included NRT business. It launched 13 new products during the quarter. Domestic formulation business grew 11% YoY at Rs 1471cr. Pharma Services and Active Ingredients (PSAI) segment revenue grew 7% YoY at Rs 818cr. R&D expenses were at Rs 624cr or 7.3% of sales as compared to Rs 619cr or 8.1% of sales in Q1FY25. Company has net cash & investments of Rs 2900cr as of June-25. EPS for the quarter stood at Rs 17. At CMP, the stock trades at 22x FY27E EPS.

Infosys’ net profit up by 8.6% y-o-y

Infosys revenue was above expectations, and profitability was inline in Q1FY26 with strong and broad-based growth, signed large deals worth $3.8 billion during the quarter, of which 55 percent were net new. The company raised revenue guidance for FY26E at 1-3% from 0-3%, and maintained operating margin guidance at 20-22%. Consolidated revenue grew 3.3% QoQ and 7.5% YoY to Rs 42,279 crore. Revenue in USD terms grew by 4.5% QoQ and 4.8% YoY to US$ 4,888 mn. Revenue in CC terms grew by 3.8% YoY and by 2.6% QoQ. EBIT increased by 2.2% QoQ and 6.2% YoY to Rs 8,803 crore. EBIT margin was down by 20 bps QoQ and 30bps YoY to 20.8% in Q1FY26. Net Profit decreased 1.6% QoQ, and grew 8.6% YoY to Rs 6,924 crore.

Persistent System net profit up by 38.7%

Persistent System’s numbers were in line with estimates in Q1FY26, delivered another strong quarter, driven by significant traction in the client portfolio globally. Consolidated revenue grew by 2.8% QoQ and 21.8% YoY to Rs 3,334 crore in Q1FY26, driven by broad-based growth in segments and geographies. Revenue in USD terms was up by 3.9% QoQ and 18.8% YoY to US$ 389.7 mn. EBIT surged by 2.5% QoQ and 35% YoY to Rs 518 crore. EBIT margin increased 10bps QoQ and 150bps YoY to 15.5% in Q1FY26. Net Profit grew 7.4% QoQ and 38.7% YoY to Rs 425 crore.

Tilaknagar Industries to acquire Imperial Blue

Tilaknagar Industries Limited signed a definitive agreement to acquire the Imperial Blue business division from Pernod Ricard India Private Limited. The acquisition will be executed through a slump sale for a lump sum consideration based on an enterprise value of €412.6 million, which is approximately Rs 4,150 crore. Imperial Blue is the third largest whisky brand in India by volume, with over 25 years of brand heritage. The underlying business had reported revenue of Rs 3,067 crore for the year ended March 2025.

Tata Consumer Products’ net profit up by 10.2%

Tata Consumer reported a 9.8% YoY growth in its consolidated revenue from operations at Rs 4778 crore for the first quarter ending June, while net profit grew by 10.2% yoy at Rs 346.44 crore. India business recorded double digit growth in the quarter driven by the tea and salt categories, while the ready to drink business volume growth was impacted by unseasonal rains. The company’s international business grew 5% at constant currency revenue growth.

Bikaji Foods’ net profit up by 1.3%

Revenue from operations stood at Rs. 637 cr; up by 14.9% YoY driven by 7.5% YoY volume growth as demand remained healthy across product categories and meaningful contribution from its retail stores. The company undertook strategic price hikes and cost efficiency programs which resulted in 152 bps YoY (207 bps QoQ) gross profit margin improvement to 33.4%. EBITDA grew by 8.2% YoY as benefits from improvement in gross margin were partly offset by higher employee cost and other operating expenses. PAT increased by 1.3% YoY to Rs 58.5 cr.

Westlife Foodworld’s net profit in June quarter down by 63.3%

Westlife Foodworld reported a 63.3% drop in first-quarter net profit to Rs 1.2 crore from Rs 3.3 crore a year earlier. The decline in profit was primarily due to higher depreciation expenses. Revenue rose 6.7% year-on-year to Rs 657.6 crore, while EBITDA grew 8.5% to Rs 85.2 crore. Operating margin improved slightly to 13% from 12.7% in the year-ago period. Same-store sales growth was at 0.5%, marking the third straight quarter of positive momentum, while on-premise sales rose 8% and off-premise sales grew 4%.

Petronet LNG seeking loan of $1.4 billion

Petronet LNG Ltd. is seeking a loan of at least 120 billion rupees ($1.4 billion) for a new petrochemical plant and an LNG terminal. Local lenders including Axis Bank, State Bank of Indi and Union Bank of India are considering to join the facility.

BEML receives new order of Rs 293.8 crore

BEML Ltd. received an order worth Rs 293.8 crore from the Ministry of Defence for supply of high mobility vehicle with 6X6 configuration. The HMV 6×6 is used for general service roles in the Indian Army. This is an all-terrain vehicle intended for transport for personnel.

Reliance Industries exploring alternatives to Russian oil

Reliance Industries is under scrutiny after the EU’s new diesel sanctions targeting Russian crude. The company recently bought Abu Dhabi’s Murban crude in a rare move and is reportedly exploring alternatives to Russian oil, which accounts for nearly half its imports. With Europe buying a fifth of Reliance’s fuel exports, the shift may impact sourcing and costs.

SRF Ltd’s net profit up by 71.4%

Revenue for the quarter grew 10.2% YoY at Rs 3818.6 crore. Operating profit increased 39.3% YoY at Rs 839.8 crore. Net profit was up 71.4% YoY at Rs 432.3 crore. Board approved project for setting up production facility to produce agrochemicals at Dahej, Gujarat at a projected cost of Rs 250 crores. Board approved project for setting up production facility to produce BOPP Film at Indore at a projected cost of Rs 490 crores. EPS for the quarter stood at Rs 14.58. At CMP, the stock trades at 36x FY27E EPS.

Moody’s keeps Tata Steel’s credit rating unchanged

Tata Steel’s credit rating remains unchanged at Baa3 with a stable outlook following a periodic review by Moody’s completed on July 22,2025. The rating reflects the company’s strong market position and cost-competitive operations while also acknowledging its exposure to sector volatility and regulatory risks.

Vedanta declared preferred bidder for iron ore mine

Vedanta Limited is declared the preferred bidder for its Janathakal Iron Ore Mine in Karnataka following a successful bid in the recent e-auction.

Force Motors’ net profit up by 52.5%

Revenue for the quarter increased 21.9% YoY at Rs 2297.3 crore. Operating margin improved 120bps YoY at 14.45%. Net profit was up 52.5% YoY at Rs 176.4 crore. Other Income was higher by 67% YoY at Rs 25 crore.

Thyrocare’ net profit increased by 62% in June quarter

Overall numbers were strong in the quarter. Revenue grew 23% YoY at Rs 193 crore. EBITDA margin improved 430bps YoY at 32.8%. Net profit increased 62% YoY at Rs 38.1 crore. Other Income was up 28.5% YoY at Rs 4.65 crore. Test volume grew 15% YoY at 46.9mn. Revenue per patient increased 14% at Rs 383 in Q1FY26. EPS for the quarter stood at Rs 7.33 and it was at Rs 17.08 for FY25. At CMP, the stock trades at 40x FY27E EPS.

DAM Capital’s net profit down by 99%

Revenue declined 35.2% YoY at Rs 27.2 crore. Net profit declined 99% YoY at Rs 0.23 crore. Other Income was down 14% YoY at Rs 3.7 crore. Q1 FY26 saw limited market activity due to ongoing domestic and geopolitical uncertainties. This impacted deal execution timelines, resulting in lower revenue recognition for the quarter.

Syrma SGS’ net profit up by 145.4%

Revenue for the quarter declined 18.5% YoY at Rs 953 crore. Operating profit was up 75% YoY at Rs 95.7 crore. Net profit increased 145.4% YoY at Rs 50 crore, on a lower base in Q1FY25. Other Income was up 15.6% YoY at Rs 6.9 crore. Net debt stood at Rs 314 crore vs. Rs 264 crore as of Mar-2025.

Syngene International’s net profit up by 14.5%

Total revenue increased 10.7% YoY at Rs 874.5cr as against expectation of Rs 845cr. Operating margin improved 210bps YoY at 23.6% as against estimate of 22.8%. Net profit was up 14.5% YoY at Rs 86.7cr on the back of lower tax expenses. PBT before exceptional items for the quarter increased 46.2% YoY at Rs 101.3cr. It included oneoff exceptional gain of Rs 32cr in Q1FY25. EPS for the quarter stood at Rs 2.15 and it stood at Rs 12.34 for FY25. At CMP, the stock at 38x FY27E EPS. Earlier the management said that for FY26, the company is likely to see revenue growth in the early teens reflecting a broad-based growth across research, development and manufacturing services. As the company commercializes new biologics manufacturing facilities, the additional operating costs and depreciation would impact margin. EBITDA margin is likely to moderate to mid-twenties and YoY decline in net profit for FY26.

Surya Roshni receives new order of Rs 174.78 crore

Company has received an order worth Rs 174.78 crore from Construction & Infrastructure Development Co. for supply of MS Spiral Coated Pipe.

Angel One to invest Rs 104 crore in life insurance joint venture

Angel One is set to invest Rs 104 crore in a life insurance venture with Singapore’s Livwell Holding, aiming to create a ‘digital-first’ insurer. Angel One will hold a 26% stake, while Livwell will hold 74%.

Bajaj Housing Finance’s net profit up by 21%

Bajaj Housing Finance reported a 21% YoY rise in standalone net profit to Rs 583 crore. NII was up 33% at Rs 887 crore. Assets under management grew 24% to Rs 1.2 lakh crore as of June 30. Asset quality remained steady with GNPA/NNPA at 0.30%/0.13%. NIM aslo remained stable at 4%.

IndusInd Bank to raise up to Rs 30,000 crore

Board of directors has approved proposals to raise funds aggregating up to Rs 30,000 crore through various modes. The board approved raising up to Rs 20,000 crore through debt securities and Rs 10000 crore capital augmentation through the further issuance of securities.

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Source: HDFC Securities Prime Research