Stocks to Watch Today, Thursday, July 23: Eternal, IIFL Finance, IndusInd Bank, Dr Reddy’s and NTPC Green Energy

Mumbai: July 23: Q1 earnings will keep these five names in focus on Thursday, from Eternal’s fourfold profit jump to Dr Reddy’s sharp earnings miss. Here’s what’s driving each stock and what investors should track through earnings calls this week.

Eternal (ETERNAL): Q1 net profit surges 268% YoY to Rs 92 crore 

Food delivery and quick commerce major Eternal on Wednesday posted a consolidated net profit of Rs 92 crore for the first quarter of FY27, registering a 268 per cent year-on-year growth from Rs 25 crore reported in the same period last year, even as profit fell 47 per cent sequentially from Rs 174 crore in Q4 FY26. Revenue from operations surged to Rs 20,211 crore from Rs 7,167 crore a year earlier, powered chiefly by the company’s quick commerce arm Blinkit, which turned adjusted EBITDA-positive during the quarter after years of losses. The food delivery business and B2B supplies platform Hyperpure also contributed, though Hyperpure revenue declined sharply on a sequential basis. Investors will look for commentary on Blinkit’s unit economics, store expansion pace and the path to sustained profitability during the company’s post-earnings call. 

IIFL Finance (IIFL): Q1 net profit jumps 189.3% YoY to Rs 675.1 crore 

IIFL Finance reported a 189.3 per cent year-on-year jump in consolidated net profit to Rs 675.1 crore in the first quarter, up from Rs 233.4 crore a year earlier, as the non-banking lender’s turnaround from its earlier regulatory troubles gathered pace. Growth was led by a sharp recovery in the company’s gold loan book, which expanded strongly during the quarter, while consolidated assets under management crossed Rs 1.15 lakh crore for the first time. The company also raised funds overseas through dollar-denominated bonds during the period, and asset quality indicators showed steady improvement. Investors will watch for commentary on the pace of gold loan growth, the shift toward a more capital-light, off-book lending model, and progress on the company’s broader capital-raising plans during the earnings call. 

IndusInd Bank (INDUSINDBK): Q1 net profit rises 46.5% YoY to Rs 1,002.5 crore 

Private sector lender IndusInd Bank on Wednesday reported a 46.5 per cent year-on-year rise in net profit for the first quarter, with the bank’s net profit standing at Rs 1,002.5 crore during the quarter, aided by lower provisions and an improving asset quality profile. The bank’s management pointed to disciplined growth, balance sheet resilience and franchise quality as key priorities for the year, with a continued push to diversify its loan book across retail, SME and rural segments beyond its traditional microfinance exposure. Funding costs also eased during the quarter, supporting margins even as fee income remained under some pressure. Investors will track commentary on deposit growth, further asset quality trends and the bank’s progress on its diversification strategy during the results call. 

Dr Reddy’s (DRREDDY): Q1 net profit declines 69% YoY to Rs 444 crore 

Dr Reddy’s Laboratories posted a sharp 69 per cent year-on-year decline in net profit to Rs 444 crore (around $46 million) for the quarter ended June 30, weighed down by a steep fall in North America revenue and a one-off provision tied to its semaglutide business. The company booked a provision of nearly Rs 240 crore after quality issues were flagged in an active pharmaceutical ingredient used in the diabetes and weight-loss drug, disrupting planned supplies. North America sales fell sharply as competition intensified around lenalidomide, even as the company’s India, Europe and emerging markets businesses continued to grow at a healthy pace. Investors will look for management commentary on the timeline for resuming semaglutide supplies, the North America pipeline and the health of the underlying base business during the earnings call. 

NTPC Green Energy (NTPCGREEN): Q1 net profit rises 38.3% YoY to Rs 304.8 crore 

NTPC Green Energy‘s consolidated net profit rose 38.3 per cent year-on-year to Rs 304.8 crore in the first quarter, compared with Rs 220.5 crore a year earlier, while revenue grew 62.7 per cent to Rs 1,106.9 crore from Rs 680.2 crore. The renewable energy arm of state-run NTPC continued to expand its project pipeline during the quarter, with fresh capacity additions and board approvals for new special purpose vehicles aimed at serving commercial and industrial customers. The company also moved to raise its stake in a joint venture with the Andhra Pradesh renewable energy development corporation. Investors will watch for commentary on the pace of capacity commissioning, funding costs and the profitability contribution of newer subsidiaries during the post-earnings call. 

Sources

• bseindia
• nseindia
• PTI.