India Market Recap
Indian equity markets ended marginally higher on Thursday after a volatile trading session, supported by easing crude oil prices and buying interest in banking and financial stocks. The BSE Sensex gained 32 points, or 0.04%, to close at 81,911.01, while the Nifty 50 advanced 44 points, or 0.18%, to settle at 25,299.35. Banking stocks outperformed, with the Bank Nifty surging 726 points, or 1.19%, to close at 61,518.50. On the technical front, immediate support for the Nifty is placed in the 25,000–25,150 range, while resistance is seen around 25,450–25,500.
US Market Recap
US equity markets ended lower on Thursday as investors booked profits following recent gains. The Dow Jones Industrial Average declined 0.36%, the Nasdaq Composite slipped 0.39%, and the S&P 500 fell 0.35%. Despite the overnight weakness, all three major indices remain on track for their strongest weekly performance since early August. The Nasdaq has gained 3.2% so far this week, followed by a 2.9% rise in the S&P 500, while the Dow Jones is up nearly 2%.
Asian Market Update
Asian markets traded largely higher on Friday, led by strong gains in South Korea, despite the overnight weakness on Wall Street. South Korea's Kospi outperformed, rising 2.14%, while Japan's Nikkei 225 advanced 1.32% and the broader Topix gained 0.55%. However, the regional trend remained mixed, with Australia's S&P/ASX 200 declining 0.90% and New Zealand's NZX 50 falling 0.84%.
Commodity Check
Crude oil prices surged on Thursday as fresh comments from US President Donald Trump heightened concerns that an early resolution to the US-Iran conflict remains uncertain. His remarks regarding negotiations with Tehran and control over the Strait of Hormuz added to geopolitical risk premiums in global oil markets. Brent crude futures jumped 3.3% to settle at $95.82 per barrel, while US West Texas Intermediate (WTI) advanced 2.6% to close at $88.74 per barrel.
Stocks In News
- NBCC (India): Signed an MoU with the West Bengal government for various development works in the state.
- Amagi Media Labs: Entered into a pact with Golden Times Media Tech to bring Chinese entertainment channels to global platforms.
- Bharat Forge: Kalyani Strategic Systems announced advancement of the 120mm Rapid Attack Mortar System mounted on a vehicle platform. Separately, NCLT approved the resolution plan for Tork Motors, which will cease to be a step-down subsidiary; Bharat Forge's 64.29% stake in Tork will be extinguished and Tork's equity capital will be wiped out.
- Clean Max Enviro: Signed an MoU with the Andhra Pradesh government to invest Rs 50,000 crore in a clean energy complex that will power a 2 GW compute factory.
- RCF: Extended the tenure of Nazhat J Shaikh as CFO till March 2027.
- Zee Entertainment: Approved a buyback of up to Rs 600 crore, comprising up to 6.6 crore shares at Rs 91 per share. The buyback represents 7.22% of the company's equity.
- Krishna GVK: Announced a 256-key luxury hotel in Bengaluru to be operated by Indian Hotels under the Taj brand, with an investment of Rs 500 crore in Taj Yelahanka.
- MRPL: Said the Prime Minister will dedicate the company's Rs 330-crore marketing terminal to the nation.
- CMR Green Tech: Secured Rs 210 crore credit lines from HDFC Bank and enhanced Axis Bank credit limits to Rs 274 crore.
- Gland Pharma: Issued a corporate guarantee of €20 million for Phixen SAS, while its subsidiary secured a €50 million credit line from MUFG.
- HDFC Bank: Re-appointed V Srinivasa Rangan as Whole-Time Director for one year.
- Union Bank: Invested an additional Rs 337 crore in Star Union Dai-ichi Life Insurance, raising its stake to 26.24% from 25.1%.
- Dynacons Systems: Received a $6.83 million order from the Ministry of Public Works in Dominica.
- EIH: Will invest Rs 777 crore in a new hotel in Hyderabad, which is expected to become operational by September 2030.
- WeWork India: Plans to invest Rs 144 crore for capacity addition in Hyderabad.
- GAIL: Signed a pact with Krishak Bharati Cooperative for a gas-based fertiliser project and will build a 1.27 MMTPA urea plant in Andhra Pradesh.
- MSTC: Received RBI approval for its Trade Receivables Discounting System (TReDS) platform.
- Mayur Uniquoters: Reported a fire at Line 3 of its Jaitpura plant. No injuries were reported and the company said the incident is not expected to have a material impact.
- Schneider Electric President: Revised FY27 capex guidance to Rs 266 crore.
- AGI Infra: Opened its QIP issue with a floor price of Rs 269.205 per share.
- Welspun Corp: Formed a joint venture with Perma-Pipe Qatar to set up an IFBE coating plant.
- DEEPA Jewellers: Said Srinivas Kamoji Gunupudi will resign as CFO effective November 30.
- Star Cement: Said its subsidiary has been declared the preferred bidder for a mining lease in Rajasthan.
- Mahindra Holidays & Resorts: Reported a reduction of Rs 106 crore in its contingent liabilities.
- Navin Fluorine: Commenced operations at its 15,000 MTPA HFC R32 plant in Surat.
- TVS Motor: Expanded its presence in Mauritius with the launch of two new models.
- Som Distilleries: Resumed production and dispatches at its Bhopal facility.
- Skyways Air: Said its subsidiary allotted 16.97 lakh shares at Rs 250 apiece, with the company infusing Rs 42.42 crore into Forin Container.
- Laser Power: Re-appointed Deepak Goel as Managing Director and CEO for five years.
Earnings
- Net Profit Up 9.9% At Rs 57.5 Cr Vs Rs 52.3 Cr YoY
- Revenue Up 9.9% At Rs 724 Cr Vs Rs 659 Cr YoY
- EBITDA Up 8.2% At Rs 84.9 Cr Vs Rs 78.5 Cr YoY
- EBITDA Margin At 11.7% Vs 11.9% YoY
- Profit Down 36.4% At Rs 2,309 Cr Vs Rs 3,630 Cr QoQ
- Revenue Down 7.5% At Rs 11,535 Cr Vs Rs 12,503 Cr QoQ
- EBITDA Down 31.4% At Rs 3,971 Cr Vs Rs 5,792 Cr QoQ
- EBITDA Margin At 34.4% Vs 46.3% QoQ
- Net Profit Up 24.8% At Rs 131 Cr Vs Rs 105 Cr YoY
- Revenue Down 4.4% At Rs 5,063 Cr Vs Rs 5,293 Cr YoY
- EBITDA Up 40.6% At Rs 302 Cr Vs Rs 215 Cr YoY
- EBITDA Margin At 6% Vs 4.1% YoY
- Net Loss At Rs 362 Cr Vs Loss Of Rs 418 Cr YoY
- Revenue Down 39% At Rs 421 Cr Vs Rs 690 Cr YoY
- EBITDA Loss At Rs 218 Cr Vs Loss Of Rs 203 Cr YoY
- Net Profit Up 31.9% At Rs 84 Cr Vs Rs 63.7 Cr YoY
- Revenue Up 31% At Rs 937.3 Cr Vs Rs 715.4 Cr YoY
- EBITDA Up 32.2% At Rs 130.9 Cr Vs Rs 99 Cr YoY
- EBITDA Margin At 14% Vs 13.8% YoY
- Net Profit Up 20.5% At Rs 318 Cr Vs Rs 264 Cr YoY
- Revenue Up 63.5% At Rs 2,997 Cr Vs Rs 1,833 Cr YoY
- EBITDA Up 35.7% At Rs 406.8 Cr Vs Rs 299.7 Cr YoY
- EBITDA Margin At 13.6% Vs 16.4% YoY
- Net Profit Up 51% At Rs 23.4 Cr Vs Rs 15.5 Cr YoY
- Revenue Up 23.6% At Rs 194 Cr Vs Rs 157 Cr YoY
- EBITDA Up 39.2% At Rs 36.2 Cr Vs Rs 26 Cr YoY
- EBITDA Margin At 18.7% Vs 16.6% YoY
- Net Profit At Rs 701 Cr Vs Rs 220 Cr YoY
- Total Income At Rs 3,372 Cr Vs Rs 2,275 Cr YoY
- NII Up 39% At Rs 1,976 Cr Vs Rs 1,420 Cr YoY
- Operating Profit Up 75.5% At Rs 1,245 Cr Vs Rs 709 Cr YoY
- AUM Up 60% At Rs 73,303 Cr Vs Rs 45,789 Cr YoY
- GNPA At 1.8% Vs 1.6% QoQ
- NNPA At 1.2% Vs 1.1% QoQ
- Net Profit Up 4.2% At Rs 149 Cr Vs Rs 143 Cr YoY
- Total Income Down 2.4% At Rs 734 Cr Vs Rs 752 Cr YoY
- Net Profit Down 45.5% At Rs 98.9 Cr Vs Rs 181.5 Cr YoY
- Revenue Up 16.8% At Rs 2,250 Cr Vs Rs 1,926 Cr YoY
- EBITDA Down 6.9% At Rs 438.7 Cr Vs Rs 471 Cr YoY
- EBITDA Margin At 19.5% Vs 24.5% YoY
- Net Profit Up 38.1% At Rs 87 Cr Vs Rs 63 Cr YoY
- Revenue Up 30.2% At Rs 660 Cr Vs Rs 507 Cr YoY
- EBITDA Up 37.7% At Rs 128.3 Cr Vs Rs 93.2 Cr YoY
- EBITDA Margin At 19.4% Vs 18.4% YoY
- Net Profit At Rs 123.7 Cr Vs Rs 60.2 Cr YoY
- Revenue Up 86.1% At Rs 841 Cr Vs Rs 452 Cr YoY
- EBITDA At Rs 173.1 Cr Vs Rs 81.9 Cr YoY
- EBITDA Margin At 20.6% Vs 18.1% YoY
- Net Profit Up 5.7% At Rs 37 Cr Vs Rs 35 Cr YoY
- Revenue Up 5.9% At Rs 452 Cr Vs Rs 427 Cr YoY
- EBITDA Up 6% At Rs 66.8 Cr Vs Rs 63 Cr YoY
- EBITDA Margin Flat At 14.8% YoY
- Net Profit Down 22.9% At Rs 264 Cr Vs Rs 342 Cr YoY
- Revenue Up 16.3% At Rs 1,333 Cr Vs Rs 1,146 Cr YoY
- EBITDA Up 0.9% At Rs 408 Cr Vs Rs 404 Cr YoY
- EBITDA Margin At 30.6% Vs 35.3% YoY
- Net Profit Down 59.4% At Rs 39.6 Cr Vs Rs 97.5 Cr YoY
- Revenue Down 6.2% At Rs 506 Cr Vs Rs 540 Cr YoY
- EBITDA Down 55.2% At Rs 57.3 Cr Vs Rs 128 Cr YoY
- EBITDA Margin At 11.3% Vs 23.7% YoY
- Net Profit Up 82.2% At Rs 164 Cr Vs Rs 90 Cr YoY
- Revenue Up 19.1% At Rs 886 Cr Vs Rs 744 Cr YoY
- EBITDA Up 23.4% At Rs 134.1 Cr Vs Rs 108.7 Cr YoY
- EBITDA Margin At 15.1% Vs 14.6% YoY
- Net Loss At Rs 26 Cr Vs Loss Of Rs 38 Cr QoQ
- Revenue Up 16% At Rs 342.2 Cr Vs Rs 295 Cr QoQ
- EBITDA Loss At Rs 26.1 Cr Vs Loss Of Rs 32.9 Cr QoQ
- Net Profit Up 66.7% At Rs 60 Cr Vs Rs 36 Cr YoY
- Revenue Up 43.5% At Rs 663 Cr Vs Rs 462 Cr YoY
- EBITDA Up 73.5% At Rs 83.4 Cr Vs Rs 48 Cr YoY
- EBITDA Margin At 12.6% Vs 10.4% YoY
- Net Profit At Rs 107 Cr Vs Rs 31.4 Cr YoY
- Revenue Up 86.4% At Rs 552 Cr Vs Rs 296 Cr YoY
- EBITDA At Rs 154.9 Cr Vs Rs 52.7 Cr YoY
- EBITDA Margin At 28.1% Vs 17.8% YoY
- Net Loss At Rs 30.5 Cr Vs Loss Of Rs 143.1 Cr YoY
- Revenue Up 15.2% At Rs 468 Cr Vs Rs 406.3 Cr YoY
- EBITDA Loss At Rs 33 Cr Vs Loss Of Rs 106.4 Cr YoY
- Net Profit Up 1.7% At Rs 35.8 Cr Vs Rs 35.2 Cr YoY
- Revenue Up 14.3% At Rs 539 Cr Vs Rs 472 Cr YoY
- EBITDA Up 0.4% At Rs 60.5 Cr Vs Rs 60.3 Cr YoY
- EBITDA Margin At 11.2% Vs 12.8% YoY
- Net Loss At Rs 2.9 Cr Vs Loss Of Rs 19.5 Cr YoY
- Revenue Down 1.4% At Rs 1,076 Cr Vs Rs 1,091 Cr YoY
- EBITDA Down 21.5% At Rs 20.5 Cr Vs Rs 26.1 Cr YoY
- EBITDA Margin At 1.9% Vs 2.4% YoY
- Net Profit Up 19.9% At Rs 136 Cr Vs Rs 114 Cr YoY
- Revenue Up 16.1% At Rs 694 Cr Vs Rs 598 Cr YoY
- EBITDA Up 22.8% At Rs 188.8 Cr Vs Rs 153.7 Cr YoY
- EBITDA Margin At 27.2% Vs 25.7% YoY
- Net Loss At Rs 5,975 Cr Vs Loss Of Rs 3,754 Cr QoQ
- Revenue Up 1.7% At Rs 11,884 Cr Vs Rs 11,689 Cr QoQ
- EBITDA Down 1.1% At Rs 4,981 Cr Vs Rs 5,034 Cr QoQ
- EBITDA Margin At 41.9% Vs 43.1% QoQ
- ARPU At Rs 198 Vs Rs 195 QoQ
- One-Time Loss Of Rs 462 Cr Vs Gain Of Rs 1,611 Cr QoQ
- Net Profit Up 51.9% At Rs 158 Cr Vs Rs 104 Cr YoY
- Revenue Up 31.4% At Rs 1,108 Cr Vs Rs 843 Cr YoY
- EBITDA Up 62.8% At Rs 181 Cr Vs Rs 111 Cr YoY
- EBITDA Margin At 16.3% Vs 13.2% YoY
- Net Profit At Rs 4.4 Cr Vs Loss Of Rs 15.8 Cr YoY
- Revenue At Rs 129 Cr Vs Rs 6.9 Cr YoY
- EBITDA Loss At Rs 2.2 Cr Vs Loss Of Rs 35.6 Cr YoY
- Net Profit Up 26.1% At Rs 29 Cr Vs Rs 23 Cr YoY
- Revenue Up 30.3% At Rs 499 Cr Vs Rs 383 Cr YoY
- EBITDA Up 25.8% At Rs 61 Cr Vs Rs 48.5 Cr YoY
- EBITDA Margin At 12.2% Vs 12.7% YoY
- Net Profit At Rs 18.5 Cr Vs Rs 1.2 Cr YoY
- Revenue Up 19.9% At Rs 1,452 Cr Vs Rs 1,211 Cr YoY
- EBITDA Up 53.7% At Rs 83 Cr Vs Rs 54 Cr YoY
- EBITDA Margin At 5.7% Vs 4.5% YoY
- Total Income Up 14% At Rs 2,390 Cr Vs Rs 2,089 Cr YoY
- Net Loss At Rs 50 Cr Vs Profit Of Rs 38.8 Cr YoY
- Net Profit Up 52.1% At Rs 146 Cr Vs Rs 96 Cr YoY
- Revenue Up 19.4% At Rs 425 Cr Vs Rs 356 Cr YoY
- EBITDA Up 17% At Rs 158 Cr Vs Rs 135 Cr YoY
- EBITDA Margin At 37.2% Vs 37.9% YoY
- Net Profit Down 0.6% At Rs 15.9 Cr Vs Rs 16 Cr YoY
- Revenue Up 19.9% At Rs 452 Cr Vs Rs 377 Cr YoY
- EBITDA Up 22% At Rs 50 Cr Vs Rs 41 Cr YoY
- EBITDA Margin At 11.1% Vs 10.9% YoY
- Net Profit Up 52.3% At Rs 81 Cr Vs Rs 53.2 Cr YoY
- Revenue Up 42.1% At Rs 459 Cr Vs Rs 323 Cr YoY
- EBITDA Up 35.2% At Rs 118.7 Cr Vs Rs 87.8 Cr YoY
- EBITDA Margin At 25.9% Vs 27.2% YoY
- Names Deep Saraf As MD
- Net Profit Down 65.5% At Rs 30 Cr Vs Rs 87 Cr YoY
- Revenue Down 7.3% At Rs 1,830 Cr Vs Rs 1,974 Cr YoY
- EBITDA Down 17.2% At Rs 512 Cr Vs Rs 618 Cr YoY
- EBITDA Margin At 28% Vs 31.3% YoY
- Appoints Rajendra Vishwanath Pawar As CFO
- Neeraj Parakh Resigns As Interim CFO
- Net Profit Up 8.3% At Rs 249 Cr Vs Rs 230 Cr YoY
- Revenue Down 8.2% At Rs 4,701 Cr Vs Rs 5,123 Cr YoY
- EBITDA Up 19.5% At Rs 264 Cr Vs Rs 221 Cr YoY
- EBITDA Margin At 5.6% Vs 4.3% YoY
- Net Profit Up 33.1% At Rs 99.4 Cr Vs Rs 74.7 Cr YoY
- Revenue Up 53.9% At Rs 1,211 Cr Vs Rs 787 Cr YoY
- EBITDA Up 24.5% At Rs 125.7 Cr Vs Rs 101 Cr YoY
- EBITDA Margin At 10.4% Vs 12.8% YoY
- Net Profit Down 17% At Rs 1,664 Cr Vs Rs 2,006 Cr QoQ
- Revenue Down 2.3% At Rs 6,638 Cr Vs Rs 6,795 Cr QoQ
- EBITDA Down 21.4% At Rs 1,940 Cr Vs Rs 2,468 Cr QoQ
- EBITDA Margin At 29.2% Vs 36.3% QoQ
- Net Profit At Rs 215 Cr Vs Rs 30.3 Cr YoY
- Revenue Up 25.8% At Rs 4,821 Cr Vs Rs 3,832 Cr YoY
- EBITDA Up 70.7% At Rs 664 Cr Vs Rs 389 Cr YoY
- EBITDA Margin At 13.8% Vs 10.2% YoY
- Net Profit Up 20.8% At Rs 61 Cr Vs Rs 50.5 Cr QoQ
- Revenue Up 2.8% At Rs 3,764 Cr Vs Rs 3,662 Cr QoQ
- EBITDA Up 15.8% At Rs 462.7 Cr Vs Rs 400 Cr QoQ
- EBITDA Margin At 12.3% Vs 10.9% QoQ
- Net Profit Down 23.3% At Rs 33 Cr Vs Rs 43 Cr YoY
- Revenue Up 30.4% At Rs 236 Cr Vs Rs 181 Cr YoY
- EBITDA Up 18.8% At Rs 158 Cr Vs Rs 133 Cr YoY
- EBITDA Margin At 66.9% Vs 73.5% YoY
- Net Profit Down 5% At Rs 30.2 Cr Vs Rs 31.8 Cr YoY
- Revenue Up 2.1% At Rs 628 Cr Vs Rs 615 Cr YoY
- EBITDA Down 5.6% At Rs 75.7 Cr Vs Rs 80.2 Cr YoY
- EBITDA Margin At 12.1% Vs 13% YoY
- Total Production Up 30.4% At 1.24 Lakh Units YoY
- Total Sales Up 7.3% At 1.27 Lakh Units YoY