Stocks to Watch, May 22: IndusInd Bank, ITC, Sun Pharma, Grasim Industries, GMR Airports, Emcure Pharma, Honasa Consumer, MTAR Tech

The private sector bank has been embroiled in accounting lapses, fraud in its microfinance portfolio, and balance sheet disclosures during the March quarter of FY'25, which triggered an internal audit review, top-level resignations, and a forensics probe.

The consolidated income of the company in the January-March period dropped to ₹6,613.90 crore from ₹6,994.31 crore logged in the year-ago period.

The total expenses of the company dropped to ₹6,120.08 crore from over ₹6,412.41 crore seen in the year-ago period. RVNL is a Navratna CPSE under the Ministry of Railways.

The company's profit after tax in the three months ended March 2025 jumped 62% from ₹1,894.8 crore in the year-ago period. Its board has recommended a dividend of ₹10 per equity share.

In the fourth quarter of the 2024-25 fiscal year, IndiGo's capacity increased 21% to 42.1 billion, while the number of passengers carried rose 19.6% to 31.9 million, according to a release.

Total income rose to ₹23,097.5 crore in the fourth quarter of the 2024-25 financial year from ₹18,505.1 crore in the same period a year ago.

It reported a consolidated net loss of ₹10.84 crore in the quarter ended on March 31, 2024.

Total income rose to ₹24.98 crore during the quarter from ₹20.34 crore in the same period a year ago.

During FY25, the loss widened to ₹36.39 crore from ₹34.42 crore a year ago.

The board also decided "withdrawal/cancellation of rights issue of an aggregate issue size of up to Rs 160 crore, which was approved by the board of directors, in its meeting held on May 22, 2024."

The company reported a net profit of ₹1,591.48 crore in the fourth quarter of 2024-25 compared with ₹2,028.83 crore a year back.

Revenue was lower at ₹6,182.79 crore than ₹6,589.91 crore seen in the year-ago period, it said.

Later in a statement, the company said it achieved the highest-ever combined oil and gas production of 6.71 million tonnes of oil equivalent in the 2024-25 fiscal year (FY25).

Crude oil production for the year ended March 31, 2025, increased 2.95% to 3.458 million tonnes, and the natural gas production rose 2.20% to 3.252 billion cubic meters.

The company had logged a profit of ₹996.74 crore in the year-ago period, National Aluminium Company Ltd (Nalco) said in a filing to BSE.

Revenue from operations in January–March FY25 rose to ₹5,267.83 crore from ₹3,579.05 crore a year ago.

The PSU's profit in FY25 increased to ₹5,267.94 crore from ₹1,988.46 crore in FY24. Revenue from operations rose to ₹16,787.63 crore from ₹13,149.15 crore.

"The heritage Taj Pushpabanta Palace will be refurbished to its former glory in keeping with Taj's iconic legacy. We are delighted to partner with the Tripura government for Taj Pushpabanta Palace," IHCL Managing Director and CEO Puneet Chhatwal said in a statement.

The project has been secured through the e-tender process.

"Letter of Award (LOA) has been received from NHAI for acting as a user fee collection agency at Shrishikalan Fee Plaza at km 193 for rehabilitation and upgradation from km 178.00 to km 215.00 (Kabarai-Banda Section) of NH-76 to 2 lanes with paved shoulders on EPC mode in the state of Uttar Pradesh," the company said in a filing.

The value of the awarded project is ₹22.995 crore.

The company had posted a net profit of ₹379.82 crore in the corresponding quarter of the previous fiscal, Colgate-Palmolive (India) Ltd said in a regulatory filing.

Total income in the fourth quarter stood at ₹1,481.57 crore as against ₹1,512.66 crore, it added.

For the quarter, the company reported net sales of ₹1,452 crore as compared to ₹1,481 crore in the same period of the previous fiscal. Total expenses were marginally higher at ₹1,003.95 crore compared to ₹1,001.3 crore in the year-ago period.

Net profit after tax for 2024-25 grew by 8.5% to ₹1,437 crore from ₹1,324 crore in the previous year, the company said.

The Chennai-based company had recorded a net profit of ₹78.1 crore during the corresponding quarter of the previous financial year. For the full year ending March 31, 2025, the consolidated net profit rose to ₹294.8 crore, up from ₹250.4 crore in the same period last year.

"Despite the severely constrained financial position, in larger public interest, the board has approved an allocation of approx. ₹5 crore towards the repair and upkeep of the DND Flyway, reaffirming the company's commitment to ensuring continued safe and efficient travel for over 2 lakh users using the important connector between Delhi and Noida," it said.

According to the statement, the proposed work includes microsurfacing of the balance segment and repair of certain sections along the Delhi side of the flyway.

The company had posted a consolidated net profit of ₹301.72 crore in the corresponding period of the previous fiscal.

Consolidated revenue from operations in the fourth quarter stood at ₹4,528.32 crore as against ₹3,794.02 crore in the year-ago period, it added.

The company had registered an exceptional gain of ₹26.62 crore in the fourth quarter of the previous fiscal year, it said.

GMR Hyderabad Aerotropolis Ltd (GHAL), a wholly owned subsidiary of GMR Hyderabad International Airport, already holds a 30% stake in ESR GMR Logistics Park Pvt Ltd (EGLPPL).

For the transaction, GMR Hyderabad International Airport has entered into a share purchase agreement with other shareholders.

"Upon conclusion of the transaction, EGLPPL would become a wholly owned subsidiary of GHIAL," a regulatory filing said.