ONGC, Hindalco, Bank of India, NMDC, Britannia, Hindustan Copper and more: Top stocks to watch out for on November 12

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ONGC | The company reported a strong performance for the second quarter of FY25, with net profit increasing 34% quarter-on-quarter to ₹11,984 crore, surpassing the CNBC-TV18 poll estimate of ₹8,825 crore. This rise in profit was supported by higher operational efficiency and better margins, as the company’s EBITDA margin improved to 50.3% from 48.1% in the previous quarter. The PSU oil giant’s revenue for Q2 stood at ₹33,881 crore, down 4% from ₹35,266 crore in the preceding quarter but in line with the CNBC-TV18 poll estimate of ₹33,215 crore.

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Hindalco | Aditya Birla Group's metal flagship company reported a 123.3% year-on-year (YoY) jump in net profit at ₹1,891 crore for the second quarter that ended on September 30, 2024, driven by a strong operational performance by its Indian business, favourable macros and prudent cost management. In the corresponding quarter of the previous fiscal, Hindalco Industries posted a net profit of ₹847 crore. The CNBC-TV18 poll had predicted a profit of ₹1,250 crore for the quarter under review.

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Bank of India | The bank reported a 62.8% year-on-year increase in net profit for the second quarter ended September 30, 2024 on higher non-interest income. The profit during the period reached ₹2,373.7 crore, up from ₹1,458.4 crore in the same period last year. The public sector bank's net interest income (NII) grew by 4.3%, rising to ₹5,985.2 crore, compared to ₹5,739.5 crore in Q2 FY2023. Gross NPA stood at 4.41%, improving from 4.62% in the previous quarter, while Net NPA declined to 0.94% from 0.99% QoQ.

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NMDC | State-owned company reported an 18.1% year-on-year (YoY) increase in net profit at ₹1,211.6 crore for the second quarter that ended on September 30, 2024. In the corresponding quarter of the previous fiscal, NMDC posted a net profit of ₹1,026 crore, the company said in a regulatory filing. The CNBC-TV18 poll had predicted a profit of ₹1,433 crore for the quarter under review. The company's revenue from operations surged 22.5% to ₹4,919 crore against ₹4,014 crore in the corresponding period of the preceding fiscal.

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Britannia Industries | Bakery major reported a 9.4% year-on-year (YoY) dip in net profit at ₹531.6 crore for the second quarter that ended on September 30, 2024. In the corresponding quarter of the previous fiscal, Britannia Industries posted a net profit of ₹586.5 crore, the company said in a regulatory filing. The CNBC-TV18 poll had predicted a profit of ₹616 crore for the quarter under review. The company's revenue from operations increased 5.3% to ₹4,667.6 crore against ₹4,433 crore a year ago.

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Hindustan Copper | State-owned company reported a 67.6% year-on-year (YoY) jump in net profit at ₹101.7 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Hindustan Copper posted a net profit of ₹60.7 crore, the company said in a regulatory filing. Revenue from operations surged 36% to ₹518.2 crore versus ₹381.4 crore in the year-ago period. At the operating level, EBITDA was up 25.4% to ₹151.9 crore in the second quarter of this fiscal over ₹121 crore in Q2 of the previous fiscal.

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Shree Cement | Bangur family-promoted company reported an 81% year-on-year (YoY) decline in net profit at ₹93.1 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Shree Cement posted a net profit of ₹491.3 crore. The CNBC-TV18 poll had predicted a profit of ₹80 crore for the quarter under review. The company's revenue from operations tanked 18.3% to ₹3,727 crore against ₹4,585 crore in the year-ago period.

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Jubilant FoodWorks | The company reported a 2.8% like-for-like sales growth for the quarter, primarily driven by 11.4% growth in the delivery segment. The group recorded system-wide sales of ₹2,271.9 crore, supported by a network expansion to 3,130 stores with a quarterly addition of 73 stores. The overall revenue from operations reached ₹1,954.7 crore, a 43% increase from ₹1,368.6 crore in the same quarter last year. Standalone revenue was ₹1,466.9 crore, up 9.1% year-on-year (YoY), with EBITDA rising slightly to ₹284.2 crore, maintaining a margin of 19.4%, though down 150 basis points.

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Ramco Cements | Tamil Nadu-based company reported a 74.7% year-on-year (YoY) slide in net profit at ₹25.6 crore for the second quarter that ended on September 30, 2024. In the corresponding quarter of the previous fiscal, Ramco Cements posted a net profit of ₹101.3 crore, the company said in a regulatory filing. The CNBC-TV18 poll had predicted a net loss of ₹10 crore for the quarter under review.

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HG Infra | The company reported a 16% year-on-year (YoY) dip in net profit at ₹80.7 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, HG Infra Engineering posted a net profit of ₹96.1 crore, the company said in a regulatory filing. The company's revenue from operations fell 5.5% YoY to ₹902.4 crore over ₹954.5 crore. At the operating level, EBITDA dipped 0.3% to ₹219.5 crore in the second quarter of this fiscal over ₹220.1 crore in Q2 of FY24.

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Insecticides India | The company reported a 15.6% year-on-year (YoY) increase in net profit at ₹61.5 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Insecticides (India) posted a net profit of ₹53.2 crore, the company said in a regulatory filing. The company's revenue from operations dipped 9.9% to ₹627 crore as against ₹696 crore in the corresponding period of the preceding fiscal.

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TVS Supply Chain | Integrated supply chain solutions provider reported a net profit of ₹10.6 crore for the second quarter of FY2024, compared to a loss of ₹40.6 crore in the same period last year. Revenue for the quarter grew by 11%, reaching ₹2,513 crore, up from ₹2,263 crore in Q2 FY2023. However, the company’s EBITDA declined by 8.8%, coming in at ₹169 crore, compared to ₹185 crore in the corresponding quarter of the previous year. EBITDA margin also contracted to 6.7%, down from 8.2% in Q2 FY2023.

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Indian Oil | The company reported a fire in a Benzene Storage Tank, which has a 1000 kilo litres capacity at Gujarat Refinery, with the oil firm yet to ascertain the cause of the incident. The company added that its refinery operations were operating normally despite the fire outbreak. It added that the refinery’s emergency response team were actively tackling the situation, with firefighting operations already underway.

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L&T Technology | Engineering services company announced its plan to acquire 100% ownership of Intelliswift Software (India) Private Ltd and Intelliswift Software Inc., a US-based company, for an aggregate amount of up to $110 million. LTTS signed definitive agreements through its wholly-owned subsidiary, L&T Technology Services LLC. The acquisition is aimed at enhancing LTTS' capabilities in AI, software product development, platform engineering, and digital integration.