As the trading session begins, several companies are poised to attract market attention due to notable developments and quarterly performance updates. Here’s a detailed look at the stocks likely to be in focus today:
Avenue Supermarts: Robust Revenue Growth Amid Margin Pressure
Avenue Supermarts Ltd., the operator of the popular DMart retail chain, reported a 4.8% year-on-year increase in net profit to ₹723.7 crore for the quarter ending December 31, 2024. The company’s revenue surged by 17.7% to ₹15,973 crore, showcasing strong growth momentum. However, EBITDA grew by 8.7% to ₹1,217.3 crore, with margins narrowing to 7.6% from 8.3% in the same period last year, reflecting cost pressures.
Oberoi Realty: Key Developer for Bandra Reclamation Project
Oberoi Realty Ltd. has been appointed as the developer for a significant slum rehabilitation project at Bandra Reclamation, Mumbai. Spanning 10,300 square meters, this project aligns with the company’s strategy to expand its footprint in Mumbai’s high-demand real estate market. The assignment, confirmed by the Slum Rehabilitation Authority (SRA) on January 10, 2025, reinforces Oberoi Realty’s position as a leading developer in the region.
Ola Electric: Under Regulatory Scrutiny
Ola Electric Mobility Ltd. is in the spotlight after receiving a third communication from the Central Consumer Protection Authority (CCPA) as part of an ongoing investigation. The inquiry, dated January 10, 2025, addresses over 10,000 consumer complaints related to service deficiencies and potential consumer rights violations. Ola Electric has expressed its full cooperation with the authorities and continues to provide the requested information.
Just Dial: Stellar Profit Growth
Just Dial Ltd., India’s prominent local search engine, reported an impressive 42.7% year-on-year growth in net profit to ₹131.3 crore for Q3 FY25. Revenue from operations increased by 8.4% to ₹287.3 crore, supported by its expanding digital services portfolio. The company’s robust performance highlights its strong market position and continued growth trajectory.
PCBL: Profit Decline Amid Revenue Growth
PCBL Ltd. reported a 39.1% year-on-year drop in net profit, which stood at ₹93.1 crore for the quarter. Despite the decline in profit, the company saw revenue growth of 21.3% to ₹2,010 crore, while EBITDA rose by 13.7% to ₹317.4 crore. However, EBITDA margins contracted to 15.8%, down from 16.9% a year ago. PCBL also announced an interim dividend of ₹5.5 per share, with the record date set for January 16, 2025.
Vedanta: Refinancing Debt Obligations
Vedanta Resources Ltd., led by billionaire Anil Agarwal, is reportedly in talks with leading banks to secure loans exceeding $450 million. The funds aim to refinance the company’s outstanding junk bonds. Notable lenders include First Abu Dhabi Bank PJSC, Barclays Plc, Mashreqbank PSC, and Standard Chartered Plc. This refinancing initiative, with a tenure of three to five years, underscores Vedanta’s strategy to manage its debt effectively.
IRM Energy: Increased Gas Allocation Fuels Profitability
GAIL (India) Limited has announced a 29% increase in domestic gas allocation for IRM Energy Ltd., effective January 16, 2025. This adjustment will boost the domestic gas share in IRM’s CNG segment from 37% to 51%, significantly enhancing profitability and strengthening the company’s position in the energy sector.
These developments highlight key market opportunities and challenges for investors. Keep an eye on these stocks as they navigate dynamic industry trends and regulatory landscapes.