Kolkata: The quarterly results are in focus in the stock market now. Today (July 27) shares such as Bank of Baroda, NTPC, SBI Card, Tata Consumer, Lodha Developers, Jindal Steel and KFin Technologies could be in focus of investors in the stock market. All these companies have announced Q1FY27 results of the June quarter. On Friday (July 24), the Indian stock market remained under constant selling pressure. At the close of the session, Sensex 30 fell 331.62 points or 0.43% to settle at 76,059.77, while the broader Nifty 50 lost 102.15 points or 0.43% to end at 23,767.45. During the trading session 2,050 shares went up, 1,961 declined and 196 shares were unchanged. Let’s have a look at the shares that could be watched by investors.
Bank of Baroda: This PSU bank’s PAT for Q1FY27 fell to Rs 1,278 crore, which could disappoint investors. The main reason for this was the one-time loss of Rs 5,680 crore associated with the settlement of the NMC case. However, net interest income (NII) rose 10% YoY to Rs 12,525 crore. At the same time, provision decreased but slight weakness in asset quality was observed.
NTPC: PSU major NTPC put up a strong performance in the June quarter. The company’s standalone net profit rose 11.9% YoY to Rs 5,342.4 crore, compared to Rs 4,774 crore in the same period last year.
SBI Card: The Q1FY27 profit for SBI Card surged 19.5% YoY to Rs 664.4 crore. However, net interest income remained almost flat and recorded a marginal decline at Rs 1,676 crore, as against Rs 1,681 crore last year.
Lodha Developers: Lodha Developers posted excellent results in the June quarter. The company’s net profit more than doubled to Rs 1,372.1 crore from Rs 674.7 crore a year ago. The company’s income increased by 43.1% to Rs 4,997 crore. EBITDA rocketed by 95.3% to Rs 1,922.4 crore and EBITDA margin increased to 38.5%.
KFin Technologies: Results for KFin Technologies were a bit mixed. The company’s net profit decreased by 2.6% to Rs 75.2 crore. However, income surged by 30.1% to Rs 356.5 crore. EBITDA rose 7.1% to Rs 122 crore, but EBITDA margin declined to 34.2%, from 41.5% last year.
Jindal Steel: Jindal Steel’s June quarter PAT dived 43.6% to Rs 844 crore, which was below market expectations. However, the company’s revenue surged 25.9% to Rs 15,482 crore and beat estimates. At the same time, EBITDA decreased by 11.5% to Rs 2,660.4 crore and EBITDA margin decreased to 17.18% from 24.43%.
Tata Consumer Products: Tata Consumer Products posted strong quarterly results. The company’s net profit jumped 27.8% to Rs 427 crore, which is better than market estimates. Income rose 11.9% to Rs 5,348.8 crore. EBITDA increased by 19.9% to Rs 724 crore, while EBITDA margin increased to 13.5%. Strong 13% volume growth of branded business in India supported the performance.
Container Corporation of India (CONCOR): CONCOR’s performance remained almost flat in the June quarter. The company’s net profit remained almost flat at Rs 266.5 crore. It stood at Rs 2,160 crore with a marginal increase of 0.3% in income. EBITDA increased by 2.7% to Rs 444.3 crore, while EBITDA margin increased to 21% from 20.1%.
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Avijit Ghosal has been writing on topics of business, industry and investment for the past three decades. He also writes on the broad economy, infrastructure and issues in banking. He has worked for economic dailies such as the Business Standard, The Economic Times, business magazines such as Business Today, English broadsheet the Hindustan Times and Bengali daily Anandabazar Patrika before joining TV9 Network.