New Delhi: Stocks in news today: The share price of IDFC First Bank, REC, IndiGo, Dr Reddy’s, NTPC will be in focus on Monday after they declared their Q1 Results 2024-25 during the weekend.
NTPC
NTPC shares are expected to be in focus as the state-owned firm on July 27, 2024 declared its Q1 2024 Results and registered 12 per cent rise in consolidated net profit at Rs 5,506.07 crore. The net profit stood at Rs 4,907.13 crore in the year ago period.
In its regulatory filing, NTPC mentioned that its total income increased to Rs 48,981.68 crore, while the expenses was recorded stood at Rs 41,844.18 crore against Rs 36,963.61 crore a year ago.
Net profit stood at of Rs 4,511 crore, as compared to Rs 4,066 crore in the year-ago period. Company’s total income was at Rs 45,053 crore in the June quarter.
IndiGo
IndiGo operator Interglobe Aviation in its Q1 Results 2024-25 reported that its profit declined 11.7 per cent as higher expenses overshadowed strong air travel demand. India’s largest airline by market share posted mentioned in its regulatory filing that its total income during the period increased 18 per cent from a year earlier to Rs 20,249 crore, including an around 17% increase in revenue from operations at Rs19,570.7 crore.
Dr Reddy’s
In its Q1 2024 Results, Dr Reddy’s Laboratories Ltd stated that its consolidated profit after tax declined by one per cent to Rs 1,392 crore compared to Rs 1,403 crore during the first quarter of 2023-24. The company had a good start to the new fiscal year and the growth and profitability were mainly driven by our generics business, Co-Chairman and MD, G V Prasad said the firm said.
“We continue to strengthen our core businesses and have made strategic investments in biologics, consumer healthcare and innovation to drive patient impact and value creation,” Prasad said.
REC
In its Q1 Results 2024-25, REC Ltd reported a 16.3 per cent increase in net profit. The company registered a net profit of Rs 3,442.5 crore as compared to Rs 2,961 crore in the same period in 2023-24. The government-owned company mentioned that its Net Interest Income (NII) rose by 31.5 per cent year-on-year to Rs 4,479.2 crore.
IDFC First Bank
IDFC First Bank declared its Q1 Results 2024-25 on July 28, 2024 and registered an 11 per cent decline in net profit at Rs 680 crore in the April-June quarter as compared to Rs 765 crore in the year-ago period.
The bank mentioned that its total income increased to Rs 10,408 crore as against Rs 8,282 crore and the interest income also rose to Rs 8,789 crore from Rs 6,868 crore in the first quarter of 2023-24.
Gross Non-Performing Assets (NPAs): The bank stated that its NPA declined to 1.9 per cent of the gross advances by June 2024 from 2.17 per cent in the June quarter of 2023-24 .
Stocks to watch today: IDFC First Bank, REC, IndiGo, Dr Reddy’s, NTPC declared their Q1 Results 2024-25 during he weekend. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
