DMart, Mahindra Finance, Britannia, Titan, Inox Wind, and Kotak Mahindra Bank are stocks to keep an eye on

DMart, Mahindra Finance, Britannia, Titan, Inox Wind, and Kotak Mahindra Bank are stocks to keep an eye on

Godrej Consumer Products, CG Power, Lupin, Indian Bank, Grindwell Norton, DCM Shriram, Happiest Minds Technologies, Arvind, Gujarat Heavy Chemicals, Muthoot Microfin, The Bombay Dyeing Co., CarTrade Tech, Arvind SmartSpaces, Moschip Technologies, Suven Life Sciences, Kamdhenu, Automotive Stampings, and Uttam Sugar Mills are among the companies that will be releasing their results on May 6.

Kotak Mahindra Bank: The bank's PAT for FY24 was ₹13,782 crore, a 26% YoY increase. PAT increased by 18% YoY to ₹4,133 crore in Q4FY24. The bank's NII for FY24 was ₹25,993 crore, up 21% YoY. In Q4FY24, the NIM was 5.28%. The board of the bank suggested a dividend of ₹2 per share.

Avenue Supermarts: The giant format retail chain, which operates DMart, announced a 22% YoY growth in net earnings for Q4FY24. The PAT increased to ₹563.1 crore. The business's operating income increased by 20% to ₹12,726 crore.

Mahindra Finance: The business made ₹3,706 crores in total revenue in Q4FY24, a 21% YoY growth. Its NII climbed by 14% to ₹1,971 crores, while its PAT fell by 10% YoY to ₹619 crores. At 7.1%, the company's NIM remained steady. The Gross Loan Book increased by 24% YoY to ₹1,02,597 crores, while disbursements increased by 11% to ₹15,292 crores. Additionally, the business enhanced the quality of its assets by lowering Stage 3 assets from 4.0% in December 2023 to 3.4%. The credit charges fell within the 1.5% to 1.7% desired range.

Britannia Industries: For the March quarter, the firm had a consolidated net profit of ₹536.61 crore, a decrease of 3.76% from the same period in the prior fiscal year. With 1.14% more sales than the same quarter last year, the company's total revenue was ₹4,069.36 crore.

IDBI Bank: At ₹1,628.5 crore, the bank recorded a YoY rise in net profit of 43.7% for the fourth quarter of FY24. With a 12.4% increase, the bank's NII was ₹3,687.9 crore. For FY24, the bank's board suggested paying out ₹1.50 per equity share as a dividend.

Adani Enterprises: The business has shown a desire to develop the Philippine port of Bataan. The corporation intends to build a deep port that is 25 meters deep and built to handle Panamax ships. Separately, a consortium headed by the State Bank of India (SBI) is expected to lend ₹17,000 crore to the Adani Group's Mundra petrochemical project, covering 60–70% of the project's capital expenditure requirements. The project, which was put on hold last year because of accusations of financial wrongdoing, will benefit financially from the loan's financial closure. The project started up again in July of last year, with a total capital expenditure of ₹25,000–27,000 crore.

Titan Company: The business posted a ₹786 crore Q4 standalone net profit, a 7% YoY increase. Revenue for the firm increased by 17% to ₹10,047 crore. EBITDA increased by 6.2% to ₹1,109 crore for the quarter. A recommended dividend of ₹11 per equity share was declared by the board.

JSW Infrastructure: To increase its capacity for handling cargo, the business intends to spend more than ₹2,500 crore in the fiscal year 2025. With a ₹14,000 crore investment, the business expects a 50% increase in capacity to 258 million tonnes by 2027.

Inox Wind: The business posted a ₹36.7 crore consolidated net profit for the fourth quarter. The business's operating income shot up to ₹527.7 crore, or 176.69%.

Tata Technologies: The company's Q4 net profit of ₹157.2 crore saw a YoY fall of 27.4%. Revenue for the firm fell 7.2% to ₹1,301 crore. To ₹240 crore, EBITDA decreased 1.1%. A special dividend of ₹1.65 per equity share and a final dividend of ₹8.40 were proposed by the board. In FY24, the business completed twelve significant acquisitions and reappointed Warren Kevin Harris as managing director and CEO.

Raymond: The corporation has decided to divide its aerospace and defense business into a different organization and to combine its engineering division into a single entity. The change will make it possible for Raymond and the recently purchased Maini Precision Products Limited to enter a few emerging markets. The demerger of JKFEL's engineering company into JKTTL, along with its armaments RPAL, MPPL, and JK Talabot, is part of the composite concept. It also involves the demerger of JKTTL's aerospace and defense sector into RGCEL and the merger of RPAL & MPPL into JKTTL.

Godrej Properties: In order to achieve a 20% increase in sales bookings, the business intends to start residential projects in key cities for ₹30,000 crore this fiscal year. In the most recent fiscal year, the company's sales bookings increased by 84% to a record ₹22,527 crore. The business intends to start projects in the markets of Hyderabad, Bengaluru, Pune, Hyderabad-NCR, and Mumbai-Metropolitan Region (MMR).

One 97 Communications: Paytm said that Bhavesh Gupta, its president and COO, will be leaving the company on May 31, 2024. Gupta will keep serving as an adviser to the business. Rakesh Singh has been named CEO of Paytm Money, while Varun Sridhar has been named CEO of Paytm Services.

Tata Power, SJVN: To establish a 460 MW Firm and Dispatchable Renewable Energy (FDRE) project, Tata Power Renewable Energy (TPREL) and SJVN signed a power purchase agreement (PPA). Under the terms of the PPA, firm and dispatchable renewable energy will be supplied for 25 years at a cost of ₹ 4.38 per kWh. TPREL has a total capacity of 9,421 MW for renewable energy, including 4,906 MW of projects in different phases of development.

Ugro Capital: The business has given its approval for the ₹45 crore enterprise value cash and equity purchase of the financial services platform MyShubhLife. The board also authorized the issuance of warrants and compulsory convertible debentures (CCD) to raise ₹1,322 crore in equity capital.

HCL Technologies: The business and Cisco have introduced "Pervasive Wireless Mobility as-a-Service," which provides seamless, safe connection in a number of industries. The solution provides strong network infrastructure by combining Cisco's URWB technology with HCLTech's managed network services. In crucial locations including factories, mines, healthcare facilities, retail stores, and terminals, it guarantees operational visibility and mobility.

Muthoot Finance: In order to generate ₹1,300 crore via an initial public offering (IPO), Belstar Microfinance, Muthoot Finance's microfinance business, has submitted preliminary documents to SEBI. The offer-for-sale (OFS) of ₹300 crore by investor stockholders is combined with a new issuance of equity shares valued at ₹1,000 crore to form the IPO.

Coforge, Cigniti Technologies: Within a year, the midcap IT company intends to purchase a 100% ownership in Cigniti Technologies. Through the purchase, Coforge will increase from its present $1.12 billion to $2 billion company by FY 2026–2027. By August, the business intends to use a Qualified Institutional Placement (QIP) approach to obtain a controlling position of at least 51%.

HDFC Bank: The bank said that the RBI has given its approval for Atanu Chakraborty to be reappointed as the part-time chairman for a three-year term.

The pharmaceutical business Dr Reddy's Laboratories introduced 40 mg doxycycline capsules to the US market. These capsules are a therapeutic generic version of ORACEA (doxycycline, USP) capsules.

Mangalore Refinery and Petrochemicals (MRPL): The company's Q4 net profit dropped 40.5% YoY to ₹1,138.5 crore. Operating revenue for the firm dropped by 0.1% to ₹25,328.7 crore.

Carborundum Universal: For the fourth quarter, the company's net profit dropped 4.2% YoY to ₹142.6 crore. The business's operating revenue rose by 0.1% to ₹1,201.2 crore.