Indian stock markets saw a significant jump on Thursday, July 24, as several major companies announced their latest quarterly results, revealing a mixed bag of financial performances.
Indian Markets Surge
On Thursday, July 24, India’s benchmark Sensex climbed nearly 540 points, closing at 82,726.64, a 0.66% increase. The Nifty also rose by 159 points, settling above the 25,200 level at 25,219.90. This surge was primarily driven by strong buying in banking and oil sector shares, alongside positive trends in Asian markets, buoyed by a new trade deal between Japan and the US.
Among the top Sensex performers, Tata Motors led the gains, rising 2.51%. Other significant gainers included Bharti Airtel, Bajaj Finance, Maruti, Bajaj Finserv, ICICI Bank, HDFC Bank, and Reliance Industries.
Company Performance Highlights
Dr Reddy’s Laboratories
Dr Reddy’s Laboratories reported a slight increase in its consolidated net profit, reaching Rs 1,410 crore for the June quarter. This growth was largely supported by strong performances in Europe and India. The Hyderabad-based pharmaceutical company’s consolidated revenue also saw an 11% rise, hitting Rs 8,545 crore compared to the previous year.
Infosys
IT giant Infosys announced an 8.7% jump in its net profit for the June quarter, reaching Rs 6,921 crore. Following this stronger-than-expected growth, the company has narrowed its full-year revenue forecast, indicating a more confident outlook for the fiscal year 2025-26.
Tata Consumer Products Ltd (TCPL)
FMCG major Tata Consumer Products Ltd (TCPL) saw a 14.7% increase in consolidated net profit, totaling Rs 331.75 crore in the June quarter. This positive result was primarily fueled by robust growth within its core India business. The company’s revenue from operations also grew by 9.8% to Rs 4,778.91 crore.
PCBL Chemical
PCBL Chemical Ltd, part of the RP-Sanjiv Goenka Group, reported a decline in its consolidated net profit, falling 19.7% year-on-year to Rs 94 crore for the June quarter. The company’s revenue from operations also saw a marginal dip, settling at Rs 2,114 crore for the period.
MAS Financial Services
NBFC firm MAS Financial Services experienced a healthy 19% increase in its net profit for the first quarter, reaching Rs 84 crore. The company’s total income also saw significant growth, rising to Rs 444 crore during the same period.
RattanIndia Power
RattanIndia Power reported a consolidated net loss of Rs 13.41 crore in the June quarter. This loss was mainly attributed to lower revenues during the period, a stark contrast to the Rs 93 crore net profit reported in the previous year’s corresponding quarter.
Westlife Foodworld
Westlife Foodworld, which operates McDonald’s restaurants in West and South India, saw its consolidated net profit decline by 62.5% to Rs 1.22 crore in the June quarter. Despite the profit dip, the company managed to increase its sales by 6.45%, reaching Rs 653.25 crore.
Sapphire Foods
Sapphire Foods India, a key franchisee for KFC and Pizza Hut, reported a consolidated loss of Rs 1.73 crore for the June quarter, reversing a profit from the same period last year. While its consolidated revenue from operations increased by 8.14% to Rs 776.82 crore, the company’s total expenses also rose significantly, by 10.35%.
Aditya Birla Real Estate
Aditya Birla Real Estate Ltd (ABREL) announced a consolidated net loss of Rs 27.08 crore for the first quarter of this fiscal year. This marks a significant shift from a net profit in the year-ago period, with total income also declining to Rs 157.41 crore.
- Indian markets saw a strong rally, driven by banking and oil stocks, and positive global cues.
- Several large cap companies like Dr Reddy’s, Infosys, and Tata Consumer reported profit growth.
- However, some firms like RattanIndia Power, Westlife Foodworld, Sapphire Foods, and Aditya Birla Real Estate faced declines or losses.
- The June quarter results showcase a mixed performance across various sectors.
Investors are closely watching how these varied quarterly performances will impact individual stock movements in the coming days.
