Stocks to Watch on July 19: Major Earnings and Market Highlights
Domestic markets experienced a robust trading day, with the Nifty50 index reaching a new milestone of 24,800. In today’s trade, shares of RIL, Wipro, Paytm, Infosys, Tata Technologies among others will be in focus due to first-quarter results and various news developments.
Earnings Radar
Several major companies are set to announce their Q1 results today:
| Company | Highlights |
|---|---|
| Infosys | Profit down 20.1% to Rs 6,368 crore (Q-o-Q). Other income drops 72% to Rs 733 crore; Revenue grows 3.7% to Rs 39,315 crore. EBIT increases 8.8% to Rs 8,288 crore; Margin expands to 21.1%. The company also raised FY25 revenue growth forecast to 3-4%. |
| LandT Technology Services (LTTS) | Indian engineering research and development services provider retained its full-year revenue growth forecast of 8-10% but missed quarterly revenue expectations. The company’s revenue grew about 7% to Rs 2,462 crore ($294.4 million) for the three months ending June 30, missing analysts’ expectations of Rs 2,531 crore. |
| Shoppers Stop | Q1FY25 net loss at Rs 22.7 crore Y-o-Y; Revenue increases 7.6% to Rs 1,069.3 crore. |
| Rallis India | Profit declines 23.8% to Rs 48 crore in Q1FY25; Revenue rises 0.1% to Rs 783 crore. |
| JSW Infrastructure | Q1FY25 profit slips 8.9% Y-o-Y to Rs 292.4 crore; Revenue jumps 15% to Rs 1,009.8 crore. |
| Dr Reddy’s Laboratories (DRL) | Signs non-exclusive patent licensing agreement with Takeda Pharmaceutical Company for Vonoprazan tablets in India. |
| Sagar Cements | Net loss narrows to Rs 28.4 crore; Revenue rises 3.9% to Rs 560.6 crore. |
| Tech Mahindra | Approves merger of subsidiary vCustomer Philippines (Cebu) Inc. with parent company. |
| Zydus Lifesciences | USFDA classifies injectables manufacturing facility inspection in Gujarat as Official Action Indicated (OAI). |
| Tata Technologies | Profit declines 15.4% Y-o-Y to Rs 162 crore in Q1FY25; Revenue rises 0.9% to Rs 1,269 crore. EBITDA down 7.7% at Rs 231.1 crore and margin dips to 18.2%. |
| Persistent Systems | Profit drops 2.8% Q-o-Q to Rs 306.4 crore in Q1FY25. Revenue rose 5.7% to Rs 2,737.2 crore. EBIT grows 2.6% to Rs 384 crore, EBIT margin dips to 14%. |
| Dalmia Bharat | Profit rises 0.7% Y-o-Y to Rs 145 crore in Q1FY25; Revenue drops 0.2% to Rs 3,621 crore. |
| JTL Industries | Opens QIP issue on July 18 at a floor price of Rs 221.57 per share. |
| Tata Consumer Products | Capital Raising Committee to meet on July 23 to finalize rights issue details worth Rs 3,000 crore. |
| South Indian Bank | Profit surges 45.4% Y-o-Y to Rs 294.1 crore in Q1FY25; Net interest income increases 7.2% to Rs 865.8 crore. In terms of asset quality, Gross NPA remains flat Q-o-Q at 4.50%; Net NPA falls to 1.44%. |
| Tanla Platforms | Profit increases 4.3% Y-o-Y to Rs 141.2 crore in Q1FY25; Revenue grows 10% to Rs 1,002.2 crore. |
| CIE Automotive India | Profit increases 1.3% Y-o-Y to Rs 216.4 crore in Q1FY25; Revenue drops 1.2% to Rs 2,292.7 crore. |
| CEAT | Profit jumps 7% Y-o-Y to Rs 154.2 crore in Q1FY25; Revenue increases 8.8% to Rs 3,192.8 crore. |
| Vodafone Idea | Approves second tranche of preferential equity shares allotment worth Rs 614.5 crore to Nokia Solutions and Ericsson India. |