NALCO, PI Industries, Torrent Power, Sun TV, Apollo Tyres and more: Top stocks to watch out for on November 14

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NALCO | State-owned company reported a 415.4% year-on-year (YoY) jump in net profit at ₹1,062.2 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, NALCO posted a net profit of ₹206.3 crore, the company said in a regulatory filing. The aluminium PSU's revenue from operations surged 31.5% to ₹4,001.5 crore against ₹3,043.8 crore in the year-ago period.

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PI Industries | Udaipur-based agrochemicals maker reported a 5.8% year-on-year (YoY) increase in net profit at ₹508.2 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, PI Industries posted a net profit of ₹480.5 crore, the company said in a regulatory filing. Revenue from operations increased 4.9% to ₹2,221 crore against ₹2,116.9 crore in the same quarter last fiscal.

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Torrent Power | The company reported an 8.6% year-on-year decline in net profit to ₹481 crore for Q2 FY25, compared to ₹526 crore in the same quarter last year. The drop was attributed to a reduced contribution from thermal generation, largely due to lower merchant sales, including LNG, and decreased electricity demand driven by prolonged monsoon conditions. Revenue, however, rose 3.1% to ₹7,175.8 crore from ₹6,961 crore a year ago. Operating earnings (EBITDA) edged down 1.2% to ₹1,207.3 crore, with EBITDA margins narrowing to 16.8% from 17.6% in the previous year.

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Sun TV Network | South-based broadcaster reported an 11.9% year-on-year (YoY) decline in net profit at ₹409.2 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Sun TV Network posted a net profit of ₹464.5 crore, the company said in a regulatory filing. Revenue from operations fell 10.9% to ₹934.5 crore against ₹1,048.5 crore in the prior-year period.

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Apollo Tyres | Gurugram-based company reported a 37.3% year-on-year (YoY) decline in net profit at ₹297.4 crore for the second quarter that ended on September 30, 2024. In the corresponding quarter of the previous fiscal, Apollo Tyres posted a net profit of ₹474 crore. The CNBC-TV18 poll had predicted a profit of ₹306 crore for the quarter under review.

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Brigade Enterprises | Realty firm reported a 10.9% year-on-year (YoY) dip in net profit at ₹119 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Brigade Enterprises posted a net profit of ₹133.5 crore. The company's revenue from operations fell 21.5% to ₹1,072.2 crore against ₹1,366.6 crore year-on-year. At the operating level, EBITDA was down 10.1% to ₹291.9 crore in the second quarter of this fiscal over ₹324.7 crore in the prior-year period.

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Deepak Nitrite | The company reported a double-digit rise in revenue but a decline in net profit and EBITDA in its second-quarter financial results on Wednesday, November 13, 2024. The company's net profit dropped by 5.3% year-on-year to ₹194.2 crore, compared to ₹205 crore in the same period last year. Its revenue saw a robust increase of 14.3%, reaching ₹2,032 crore, up from ₹1,778 crore year-on-year.

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Garden Reach Shipbuilders | State-run company's net profit neared levels of ₹100 crore during the July-September period, as disclosed by the company during its quarterly results on Wednesday, November 13. Net profit for the period increased by 21.2% from the same period last year to ₹97.8 crore. The company had reported a net profit of ₹80.7 crore in the base quarter. Revenue for the quarter stood at ₹1,152.9 crore, which is a growth of 28.4% on a year-on-year basis compared to ₹897.9 crore.

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HEG | Graphite electrode manufacturer reported a 14.3% year-on-year (YoY) dip in net profit at ₹82.3 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, HEG posted a net profit of ₹96 crore. Revenue from operations was down 7.6% to ₹567.6 crore against ₹614.2 crore in the year-ago period.

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Vodafone Idea | Vodafone Idea Ltd (Vi) reported its financial results for the second quarter (July-September) of FY2024 on Wednesday, November 13, 2024, with the telco's net loss widening to ₹7,176 crore, compared to ₹6,432 crore in the previous quarter. VI's consolidated revenue from operations grew by 4% quarter-on-quarter (QoQ), reaching ₹10,932.2 crore in Q2, up from ₹10,508.3 crore in the first quarter.

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AstraZeneca India | The company's revenue from operations increased by 31% to ₹408 crore, compared to the same period last year. The first-half revenue rose to ₹795.5 crore aided by consistent growth across the company's oncology, biopharmaceuticals, and rare disease portfolios. Profit before exceptional items and tax came at ₹51 crore in the second quarter of FY25, while profit after tax was ₹38.4 crore, a recovery from a net loss of ₹11.8 crore in the previous quarter (Q1).

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Thomas Cook India | Travel services provider reported a 39.8% year-on-year (YoY) surge in net profit at ₹72 crore for the second quarter that ended September 30, 2024, against ₹51.5 crore in the year-ago period. The company's revenue from operations increased 8.7% to ₹2,003.8 crore compared to ₹1,843.4 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA was up 21.1% to ₹124.6 crore in the second quarter of this fiscal over ₹102.9 crore in Q2 of FY24.

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Varun Beverages | Leading bottler of beverage major PepsiCo has reportedly launched a Qualified Institutional Placement (QIP) with a base deal size of ₹5,500 crore, which can be upsized by an additional ₹2,000 crore, bringing the total potential issue size to ₹7,500 crore, sources privy to the developments told CNBC-TV18.