Market Commentary     31-Jan-25
Stock Alert
Stock Alert: Larsen & Toubro, Bank of Baroda, Biocon, Kalyan Jewellers India
Earnings Today:

Vedanta, Sun Pharmaceutical Industries, ONGC, Nestle India, Bandhan Bank, LIC Housing Finance, IndusInd Bank, Cholamandalam Investment and Finance Company, Equitas Small Finance Bank, Inox Wind, Inox Green Energy, Punjab National Bank, and Epack Durable will declare their result later today.

Stocks to Watch:

Larsen & Toubro reported 13.96% increase in consolidated net profit to Rs 3,358.84 crore in Q3 FY25 compared with Rs 2,947.36 crore in Q3 FY24. Revenue from operations jumped 17.31% YoY to Rs 64,667.78 crore in Q3 FY25.

Bank of Baroda’s standalone net profit increased 5.6% to Rs 4,837.3 crore in Q3 FY25 compared with Rs 4,579.3 crore in Q3 FY24. Total income jumped 10.38% YoY to Rs 34,676.47 crore in Q3 FY25.

Biocon’s consolidated net profit tumbled 96.2% to Rs 25.1 crore in Q3 FY25 as compared with Rs 660 crore in Q3 FY24. Revenue from operations fell 3.35% YoY to Rs 3,821.4 crore during the quarter.

Meanwhile, the company’s board approved the acquisition of a 1.5% stake in Biocon Biologics (BBL), a material subsidiary, from one of its existing investors pursuant to a liquidity option exercised by them. This will result in a 1.5% increase in the company’s equity shareholding in BBL.

Kalyan Jewellers India’s consolidated net profit jumped 21.2% to Rs 218.8 crore in Q3 FY25 as compared with Rs 180.6 crore in Q3 FY24. Revenue increased 39.5% YoY to Rs 7286.9 crore during the quarter.

Previous News
  Bank of Baroda up for five straight sessions
 ( Hot Pursuit - 20-Mar-25   13:01 )
  Larsen & Toubro gains as board to mull fund raising on 21 March
 ( Hot Pursuit - 19-Mar-25   14:57 )
  Larsen & Toubro to hold board meeting
 ( Corporate News - 19-Mar-25   09:47 )
  Larsen & Toubro consolidated net profit rises 13.96% in the December 2024 quarter
 ( Results - Announcements 18-Mar-25   07:35 )
  L&T secures 'large' order for desalination plant in Saudi Arabia
 ( Hot Pursuit - 13-Mar-25   11:36 )
  Larsen & Toubro's water & effluent treatment biz win order in Saudi Arabia
 ( Corporate News - 13-Mar-25   11:06 )
  Bank of Baroda revises MCLRs effective 12th Mar
 ( Corporate News - 10-Mar-25   18:47 )
  Larsen & Toubro
 ( Analyst Meet / AGM - Conference Call 09-Mar-25   23:55 )
  Bank of Baroda up for third consecutive session
 ( Hot Pursuit - 06-Mar-25   13:05 )
  L&T’s Building & Factories division bags ‘significant’ order for construction of residential towers
 ( Hot Pursuit - 05-Mar-25   11:26 )
  Larsen & Toubro to construct residential towers in Mumbai, Bangalore and Chennai
 ( Corporate News - 05-Mar-25   10:30 )
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