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Stocks to Watch Today, Stocks to Watch
highlights
- On Monday, February 16, there may be more fluctuations in the stocks of some companies in the stock market.
- The reason for this is that many companies have declared their quarterly results.
- Apart from this, big news like deals, demergers and regulatory approvals related to some companies have also come to light.
Ola Electric Mobility Limited
The electric vehicle maker suffered a loss of ₹487 crore in the December quarter. However, this loss is less than last year’s ₹564 crore. The company’s earnings declined by 55% to ₹470 crore. EBITDA loss also declined to ₹270 crore, from ₹460 crore last year.
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Torrent Pharmaceuticals Ltd
The company presented good results. Profit increased 26% to ₹635 crore. Last year it was ₹503 crore. The company’s income increased by 18% to ₹3,303 crore. Operating profit (EBITDA) stood at ₹1,088 crore and margins also improved.
The company’s profit this quarter declined by about 22% to ₹ 193.7 crore. But revenue rose 17.5% to ₹2,265 crore. EBITDA increased by 35% and margins improved to 22.3%.
The company’s profit remained stable at around ₹117 crore. Income increased 32% to ₹1,207 crore. EBITDA grew 38% and margin expanded to 23.3%. Overall there was improvement in the functioning.
The government construction company’s profit rose 39% to ₹193 crore. Income increased by 7.6% to ₹3,022 crore. There was some weakness at the operating level, but overall profit increased.
The company’s profit declined by 8.7% to ₹59 crore. However, revenue rose 27% to ₹1,329.5 crore. EBITDA increased, but margins declined from 10.1% to 9%.
IRB Infrastructure Developers Ltd
The company’s performance this quarter was weak. Income declined 7.6% to ₹1,871 crore. Profit declined from ₹603 crore to ₹210.7 crore. However, there was stability at the operating level.
Tilaknagar Industries Ltd
The company suffered a loss of ₹105 crore this quarter, whereas there was a profit last year. Income increased by 80% to ₹1,453 crore. EBITDA also grew well and margins remained stable at 8%.
The company’s profit increased by 83% to ₹5.80 crore. There was a slight increase of 1% in income and it stood at ₹152 crore. But EBITDA fell 90%.
The company’s board has approved the demerger of Religare Enterprises and Religare Finvest. After the demerger, shareholders will get new shares in the ratio of 1:1.
The company has received conditional approval from RBI to sell up to 41.66% stake to entities linked to Bain Capital. To increase stake further, separate approval will have to be taken.
Gujarat Mineral Development Corporation
The company’s profit declined by 10% to ₹133 crore. Income declined 11% to ₹579 crore. However, EBITDA increased and margins improved.
The company has announced the purchase of Pune’s Solidrise Realty Private Limited for ₹294.07 crore. An agreement for this was reached on 14 February.
Garden Reach Shipbuilders and Engineers Ltd (GRSE)
The government defense company has started the work of building two coastal research ships for the Geological Survey of India. These ships will be 64 meters long and 13 meters wide.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
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