Stock Market On Budget Day: All You Need To Know Going Into Trade On Feb. 1

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The Indian equity benchmark indices closed higher four days in a row but extended its monthly losing streak.

The NSE Nifty 50 ended 260.05 points, or 1.12% up at 23,509.55, and the 30-stock BSE Sensex ended 740.76 points, or 0.97% higher at 77,500.57.

The NSE Nifty Bank also closed higher at 49,587.20, up 0.56%. The stock market will remain open on Feb. 1, on account of Budget 2025 that is set to take place.

Foreign portfolio investors stayed net sellers of Indian equities for the 21st straight session on Friday as they sold stocks worth approximately Rs 1,189 crore. Domestic institutional investors were net buyers for the 32nd consecutive session as they mopped up equities worth Rs 2,232.2 crore, according to provisional data from the National Stock Exchange.

Earnings To Watch

Aarti Industries, Anant Raj, Ganesha Ecosphere, GR Infraprojects, Jaiprakash Power Ventures, Neogen Chemicals and Vinati Organics.

Earnings Post Market Hours

IndusInd Bank (Standalone, YoY)

Revenue down 1% to Rs 5,228 crore versus Rs 5,296 crore.
Operating profit down 10% to Rs 3,599 crore versus Rs 4,002 crore.
Provisions up 87% to Rs 1,744 crore versus Rs 934 crore.
Net profit down 39% to Rs 1,401 crore versus Rs 2,298 crore.

Bandhan Bank (Standalone, YoY)

Revenue up 12% to Rs 2,830 crore versus Rs 2,525 crore.
Operating profit up 22% to Rs 2,021 crore versus Rs 1,655 crore.
Provisions at Rs 1,376 crore versus Rs 684 crore.
Net profit down 42% to Rs 426 crore versus Rs 733 crore.

IRB Infrastructure Developers (YoY)

Revenue up 2.9% to Rs 2,025.44 crore versus Rs 1,968.53 crore.
Ebitda up 13% to Rs 984.22 crore versus Rs 869.47 crore.
Margin at 48.6% versus 44.2%.
Net profit at Rs 6,026.11 crore versus Rs 187.42 crore.
Q3FY25 includes exceptional gain of Rs 5,804 crore due to reassessment of asset value.
Q3FY24 includes exceptional loss of Rs 50.7 crore.

ONGC (Standalone, QoQ)

Revenue down 0.49% to Rs 33,716.8 crore versus Rs 33,880.88 crore.
Ebitda up 4% to Rs 18,968 crore versus Rs 18,236 crore.
Margin up 243 bps to 56.25% versus 53.82%.
Net profit down 31.24% to Rs 8,239.92 crore versus Rs 11,984.02 crore.
Declares interim dividend of Rs 5 per share.

Nuvama Wealth Management (Cons, YoY)

Revenue up 22.9% to Rs 1,035 crore versus Rs 842.2 crore.
Net profit up 43% to Rs 252.10 crore versus Rs 176.33 crore.

Triveni Turbine (Cons, YoY)

Revenue up 16.6% to Rs 503.40 crore versus Rs 431.70 crore.
Ebitda up 30% to Rs 109.3 crore versus Rs 83.8 crore.
Margin at 21.7% versus 19.4%.
Net profit up 35.5% to Rs 92.40 crore versus Rs 68.2 crore.
Declares interim dividend of Rs 2 per share.

Aster DM Healthcare (Cons, YoY)

Revenue up 10% to Rs 1,049.81 crore versus Rs 954.67 crore.
Ebitda up 25% to Rs 189.18 crore versus Rs 151.70 crore.
Margin at 18% versus 15.9%.
Net profit down 68% to Rs 56.79 crore versus Rs 178.88 crore.
Q3FY25 includes exceptional loss of Rs 23.7 crore from merger-related expenses.
Q3FY24 includes exceptional gain of Rs 143.8 crore from discounted operations.
Declares interim dividend of Rs 4 per share.

LIC Housing Finance (Standalone, YoY)

Revenue down 5% to Rs 2,000.1 crore versus Rs 2,097.2 crore.
Write-back of Rs 43.98 crore versus impairment expense of Rs 435.83 crore.
Net profit up 23.1% to Rs 1,431.96 crore versus Rs 1,162.88 crore.

Relaxo Footwears (YoY)

Revenue down 6.4% to Rs 666.90 crore versus Rs 712.71 crore.
Ebitda down 4% to Rs 83.39 crore versus Rs 87.17 crore.
Margin at 12.5% versus 12.2%.
Net profit down 14% to Rs 33.01 crore versus Rs 38.57 crore.

Dhani Services (Cons, YoY)

Revenue up 1.5% to Rs 109.13 crore versus Rs 107.54 crore.
Total expenses down 60% to Rs 78.3 crore versus Rs 194.6 crore.
Write-back of Rs 17.9 crore versus impairment expenses of Rs 44.7 crore.
Net profit at Rs 4.66 crore versus a loss of Rs 89.41 crore.

City Union Bank (YoY)

Revenue up 14% to Rs 588 crore versus Rs 516 crore.
Gross NPA at 3.36% versus 3.54% (QoQ).
Net NPA at 1.42% versus 1.62% (QoQ).
Net profit up 13% to Rs 286 crore versus Rs 253.03 crore.

Pfizer (YoY)

Revenue down 0.4% to Rs 537.99 crore versus Rs 539.97 crore.
Ebitda down 4% to Rs 145.99 crore versus Rs 152.55 crore.
Margin at 27.1% versus 28.3%.
Net profit down 2% to Rs 127.60 crore versus Rs 129.98 crore.

Karnataka Bank (YoY)

Revenue down 4% to Rs 792.78 crore versus Rs 827.6 crore.
Gross NPA at 3.11% versus 3.21% (QoQ).
Net NPA at 1.39% versus 1.46% (QoQ).
Net profit down 14.2% to Rs 284 crore versus Rs 331 crore.

Godrej Agrovet (Consolidated, YoY)

Revenue up 4.5% to Rs 2,449.63 crore versus Rs 2,345.21 crore.
Ebitda up 38% to Rs 220.03 crore versus Rs 159.09 crore.
Margin at 9% versus 6.8%.
Net profit up 21% to Rs 111.49 crore versus Rs 91.84 crore.

Poonawalla Fincorp (Consolidated, YoY)

Revenue from interest income up 39.84% to Rs 999.09 crore versus Rs 714.41 crore.
Net profit from continuing operations down 93% to Rs 18.73 crore versus Rs 265.14 crore.
Impairment expenses of Rs 347 crore versus write-back of Rs 6.5 crore.
Gross Stage 3 ratio at 1.85% versus 2.10% (QoQ).
Net Stage 3 ratio at 0.81% versus 0.33% (QoQ).

Inox Wind (Consolidated, YoY)

Revenue up 81% to Rs 911.27 crore versus Rs 503.45 crore (Estimate: Rs 1,062 crore).
Ebitda up to Rs 207.1 crore versus Rs 92.77 crore (Estimate: Rs 185 crore).
Margin at 22.72% versus 18.42%, up 429 bps (Estimate: 17.4%).
Net profit at Rs 116.65 crore versus Rs 1.07 crore (Estimate: Rs 102 crore).

Inox Green Energy Services (Consolidated, YoY)

Revenue up 22.2% to Rs 73.9 crore versus Rs 60.5 crore.
Ebitda up 39% to Rs 28.45 crore versus Rs 20.40 crore.
Margin at 38.5% versus 33.7%.
Net profit at Rs 4.1 crore versus a loss of Rs 1.5 crore.

Vishal Mega Mart (Consolidated, YoY)

Revenue up 19.5% to Rs 3,135.94 crore versus Rs 2,623.55 crore.
Ebitda up 18% to Rs 505.03 crore versus Rs 426.95 crore.
Margin at 16.1% versus 16.3%.
Net profit up 28% to Rs 262.72 crore versus Rs 205.36 crore.

Five-Star Business Finance (Standalone, YoY)

Revenue up 28.2% to Rs 731 crore versus Rs 570 crore.
Net profit up 26.3% to Rs 274 crore versus Rs 217 crore.

Sheela Foam (Consolidated, YoY)

Revenue up 10% to Rs 967 crore versus Rs 879 crore.
Ebitda up 15.3% to Rs 87.8 crore versus Rs 76.2 crore.
Margin at 9.1% versus 8.7%.
Depreciation expense up 50% to Rs 45.3 crore versus Rs 30 crore.
Net profit down 39% to Rs 18.8 crore versus Rs 30.8 crore.

Mahindra Lifespace Developers (Consolidated, YoY)

Revenue at Rs 167 crore versus Rs 82 crore.
Ebitda loss at Rs 25.4 crore versus Ebitda loss of Rs 39 crore.
Share of profit from joint ventures down 86.6% to Rs 9.9 crore versus Rs 75.4 crore.
Net loss of Rs 22.5 crore versus profit of Rs 50 crore.

Electrosteel Castings (Consolidated, YoY)

Revenue down 5% to Rs 1,777 crore versus Rs 1,869 crore.
Ebitda down 37.3% to Rs 255 crore versus Rs 406 crore.
Margin at 14.3% versus 21.7%.
Net profit down 39.2% to Rs 160 crore versus Rs 263 crore.

LG Balakrishnan & Bros (Consolidated, YoY)

Revenue up 12.7% to Rs 677 crore versus Rs 600 crore.
Ebitda up 6.68% to Rs 114 crore versus Rs 107 crore.
Margin at 16.8% versus 17.7%.
Net profit up 3.8% to Rs 75.3 crore versus Rs 72.5 crore.

Unicommerce Esolutions (Standalone, YoY)

Revenue up 26.3% to Rs 32.7 crore versus Rs 25.9 crore.
Ebitda up 88.6% to Rs 8.3 crore versus Rs 4.4 crore.
Margin at 25.4% versus 17%.
Net profit up 63.2% to Rs 6.2 crore versus Rs 3.8 crore.

Medplus Health (Consolidated, YoY)

Revenue up 8.3% to Rs 1,561 crore versus Rs 1,441 crore.
Ebitda up 44.5% to Rs 132 crore versus Rs 91.6 crore.
Margin at 8.5% versus 6.4%.
Net profit at Rs 45.9 crore versus Rs 13.7 crore.

Mayur Uniquoters (Consolidated, YoY)

Revenue up 16.9% to Rs 208 crore versus Rs 178 crore.
Ebitda up 32.2% to Rs 46.7 crore versus Rs 35.4 crore.
Margin at 22.4% versus 19.8%.
Net profit up 12% to Rs 30.6 crore versus Rs 27.3 crore.

Vadilal Industries (Consolidated, YoY)

Revenue up 17% to Rs 204 crore versus Rs 174 crore.
Ebitda at Rs 25.6 crore versus Rs 11.3 crore.
Margin at 12.5% versus 6.5%.
Net profit up 29.1% to Rs 11.9 crore versus Rs 9.2 crore.

Stocks To Watch

ONGC: Board approves acquisition of 1.15 crore shares of JV Mangalore SEZ from IL&FS for Rs 56 crore.
Waaree Energies: Waaree Clean Energy Solutions receives notification of award from Solar Energy Corporation of India for setting up a 90,000 MT/annum green hydrogen production unit.
Nestle India: Adds KitKat production line for Rs 1,100 crore at Sanand Factory in Gujarat.
KPI Green Energy: Commissions 40.16 MW renewable power projects under the Captive Power Producer segment.
Aurobindo Pharma: Subsidiary CuraTeQ Biologics gets positive opinion for biosimilar Dyruped from European Medicines Agency.
Hero MotoCorp: Niranjan Gupta steps down as CEO, effective April 30; Vikram Kasbekar appointed acting CEO, effective May 1.
Punjab National Bank: Hikes MCLR by 5 bps across tenures, effective February 1.
Britannia: Amit Doshi resigns as CMO, effective March 17.
Tata Power: Subsidiary signs memorandum of understanding with Rajasthan Discoms to accelerate rooftop solar adoption.
GAIL: Increases start-up corpus fund from Rs 100 crore to Rs 500 crore to boost innovation and entrepreneurship.
Ganesha Ecosphere: Enters joint venture agreement with Race Eco Chain to set up washing plants for producing PET flakes.
Sundaram Clayton: Starts operations at the Thervoy Kandigai manufacturing unit in Tamil Nadu.

Trading Tweaks

Blue Jet Healthcare: Price band revised from 10 to 5.
Embassy Office Parks REIT: Sets record date for income distribution.
Motilal Oswal Financial Services: Sets record date for interim dividend of Rs 5 per share.
RITES: Sets record date for interim dividend of Rs 1.9 per share.
Route Mobile: Sets record date for interim dividend of Rs 3 per share.
Torrent Pharma: Sets record date for interim dividend of Rs 26 per share.

F&O Cues

Nifty February futures end 0.94% higher at a premium of 111 points.
Nifty February futures open interest up 2.77%.
Nifty Feb. 6 expiry: Max call open interest at 25,950, max put open interest at 21,100.

Money Market

The Indian rupee closed flat against the US dollar on Friday at 86.62. The domestic currency opened flat against the US dollar, starting at 86.63. It had weakened by seven paise to close at 86.63 on Thursday, according to Bloomberg data.

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February 1, 2025 at 01:46AM