## Market Action on Friday
NCC Ltd, Bank of India Ltd, G R Infraprojects Ltd, Aster DM Healthcare Ltd, and Infosys Ltd are expected to experience significant activity in the trading session on Friday.
### Company Updates
**NCC:** The firm secured orders worth Rs 1,663 crore in April. Of these, Rs 1,082 crore pertains to the building division while Rs 581 crore is linked to the transportation division.
**Bank of India:** The board of the bank approved a capital raise of up to Rs 5,000 crore through Tier-I and Tier-II bonds, each valued at Rs 2,500 crore.
**G R Infraprojects:** A subsidiary of the company, Agra Gwalior Highway Pvt, has been awarded a construction contract worth Rs 4,263 crore by the National Highways Authority of India for highway development.
**Infosys:** The company entered into an agreement with Yorkshire Building Society, a member-owned financial institution in the UK, to enhance digital transformation. Infosys will assist in providing data-enabled and mobile-first banking services for their mortgage, commercial, and savings members.
**Aster DM Healthcare:** The organization acquired 1.9 crore shares of Quality Care India for Rs 849 crore, completing a 5% stake acquisition through a share swap.
**Zaggle Prepaid Ocean Services:** The company has signed a deal with Aster DM Healthcare to provide Zaggle Save, aimed at managing employee expenses and benefits.
**The Great Eastern Shipping Co:** The company has approved the voluntary liquidation of its subsidiary, Greatship Oilfield Services.
**One 97 Communications:** The firm has incorporated a subsidiary, Paytm Arab Payments LLC, in the UAE.
**UNO Minda:** The company plans to establish a greenfield plant focused on manufacturing powertrain products for four-wheeled electric vehicles.
## Post-Market Earnings
**Godrej Agrovet Q4 Highlights (Consolidated, YoY)**
– Revenue decreased by 0.5% to Rs 2,133.64 crore from Rs 2,144.47 crore.
– EBITDA fell by 7% to Rs 146.68 crore compared to Rs 158.21 crore.
– Margin decreased to 6.9% from 7.4%.
– Net profit rose by 1% to Rs 66.10 crore from Rs 65.48 crore.
**Sona BLW Q4 Highlights (Consolidated, YoY)**
– Revenue declined by 2.2% to Rs 864.75 crore from Rs 884.12 crore.
– EBITDA dropped by 6% to Rs 231.27 crore compared to Rs 246.96 crore.
– Margin decreased to 26.7% from 27.9%.
– Net profit increased by 11% to Rs 163.68 crore from Rs 148.08 crore.
**Jindal Steel and Power Q4 Highlights (Consolidated, YoY)**
– Revenue decreased by 2.25% to Rs 13,183 crore from Rs 13,486 crore.
– EBITDA fell by 7.11% to Rs 2,271 crore from Rs 2,445 crore.
– EBITDA margin declined by 90 bps to 17.22% from 18.12%.
– The company reported a net loss of Rs 339 crore compared to a profit of Rs 935 crore.
– An exceptional loss was recorded at Rs 1,229 crore.
**Indus Tower Q4 Highlights (Consolidated, QoQ)**
– Revenue increased by 2.38% to Rs 7,727 crore from Rs 7,547 crore.
– EBITDA dropped by 37.17% to Rs 4,396 crore compared to Rs 6,997 crore.
– EBITDA margin decreased by 3,582 bps to 56.89% from 92.71%.
– Net profit declined by 3.99% to Rs 1,779 crore from Rs 1,853 crore.
**JSW Infrastructure Q4 Highlights (Consolidated, YoY)**
– Revenue grew by 17% to Rs 1,283 crore from Rs 1,096 crore, surpassing Bloomberg’s estimate of Rs 1,267 crore.
– EBITDA rose by 10% to Rs 641 crore from Rs 582 crore, also above the Bloomberg estimate of Rs 637 crore.
– Margin narrowed to 50% from 53%, compared to a Bloomberg estimate of 50.3%.
– Net profit increased by 54% to Rs 509 crore from Rs 330 crore, exceeding the Bloomberg estimate of Rs 364 crore.
**Federal Bank Q4 Highlights (Standalone, YoY)**
– Net Interest Income increased by 8% to Rs 2,377 crore from Rs 2,195 crore.
– Net profit rose by 13.7% to Rs 1,030 crore from Rs 906 crore.
– Net Interest Margin for the quarter stood at 3.21%.
– Gross NPA was at 1.84% compared to 1.95%.
– Net NPA improved to 0.44% from 0.49%.
**Skipper Q4 Highlights (Consolidated, YoY)**
– Revenue grew by 11.6% to Rs 1,288 crore from Rs 1,153 crore.
– EBITDA increased by 14% to Rs 124 crore from Rs 108 crore.
– Margin improved to 9.6% from 9.4%.
– Net profit surged by 91% to Rs 48 crore from Rs 25 crore.
**Bandhan Bank Q4 Highlights (YoY)**
– Net profit increased by 482% to Rs 317.9 crore from Rs 54.62 crore, exceeding the Bloomberg estimate of 467 crore.
– Net Interest Income saw a 4% decline to Rs 2,756 crore from Rs 2,859 crore, slightly below the estimate of 2,880 crore.
– Net Interest Margin for the quarter stood at 6.7%.
– Gross NPA increased to 4.71% from 4.68%.
– Net NPA rose to 1.28% from 1.11%.
**Sundram Fasteners Q4 Highlights (Consolidated, YoY)**
– Revenue increased by 4.4% to Rs 1,530.59 crore from Rs 1,466.48 crore.
– EBITDA decreased by 2% to Rs 224.71 crore from Rs 228.33 crore.
– Margin decreased to 14.7% from 15.6%.
– Net profit fell by 7% to Rs 124.49 crore from Rs 134.41 crore.
**Phoenix Mills Q4 Highlights (Consolidated, YoY)**
– Revenue decreased by 22% to Rs 1,016.3 crore from Rs 1,305.9 crore.
– EBITDA fell by 11% to Rs 559.7 crore from Rs 626.7 crore.
– Margin improved to 55.06% from 47.98%.
– Net profit declined by 11% to Rs 346.5 crore from Rs 388.8 crore.
– The board has recommended a final dividend of Rs 2.5 per equity share.
**Paras Defence and Space Technologies Q4 Highlights (Consolidated, YoY)**
– Revenue grew by 35.8% to Rs 108.23 crore from Rs 79.69 crore.
– EBITDA surged by 131% to Rs 28.29 crore from Rs 12.25 crore.
– Margin increased to 26.1% from 15.4%.
– Net profit rose by 117% to Rs 20.83 crore from Rs 9.60 crore.
– The company approved a share split.
**LG Balakrishnan Q4 Highlights (Consolidated, YoY)**
– Revenue increased by 10% to Rs 670 crore from Rs 607 crore.
– EBITDA grew by 1% to Rs 102 crore from Rs 101 crore.
– Margin stood at 15.2% compared to 16.6%.
– Net profit rose by 24% to Rs 84 crore from Rs 68 crore.
## Earnings in Focus
Notable companies such as Indian Overseas Bank and Godrej Properties are set to release their earnings soon.
Additionally, V-Mart Retail, Archean Chemical Industries, Aether Industries, Ami Organics, City Union Bank, Gravita India, Jindal Saw, Latent View Analytics, Marico, Newgen Software Technologies, Parag Milk Foods, R R Kabel, Sunteck Realty, and Tatva Chintan Pharma Chem are among other firms expected to announce their financial results.
