Stocks to Watch: L&T, Union Bank of India, Britannia Industries, Titan and more

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L&T | Engineering and construction major reported a 25% year-on-year (YoY) rise in consolidated net profit at ₹5,497 crore for the March quarter, beating CNBC-TV18’s estimate of ₹5,024 crore. Revenue for the quarter stood at ₹74,392 crore—up 11% from ₹67,078 crore a year ago—but below the CNBC-TV18 poll estimate of ₹77,745 crore. EBITDA grew 13.4% YoY to ₹8,202 crore, also trailing the poll estimate of ₹8,363 crore. Operating margin improved slightly to 11%, compared with 10.8% in both the year-ago period and the poll forecast.

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Union Bank of India | State-owned bank reported a 51% year-on-year (YoY) jump in net profit at ₹4,984.9 crore for the fourth quarter that ended March 31, 2025. In the corresponding quarter of the previous fiscal, Union Bank of India posted a net profit of ₹3,310.6 crore, the bank said in a regulatory filing. Net interest income (NII) came at ₹9,514 crore against ₹9,436.5 crore in the corresponding quarter of FY24.

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Britannia Industries | Food product company reported a 4.2% year-on-year (YoY) increase in net profit at ₹559 crore for the fourth quarter that ended on March 31, 2025. In the corresponding quarter of the previous fiscal, Britannia Industries posted a net profit of ₹536.6 crore, the company said in a regulatory filing. The CNBC-TV18 poll had predicted a profit of ₹504.5 crore for the quarter under review.

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Titan | Leading jewellery retailer and watchmaker reported a 10.7% year-on-year (YoY) increase in net profit at ₹870 crore for the fourth quarter ended March 31, 2025, over ₹786 crore in Q4FY24. The CNBC-TV18 poll had predicted a net profit of ₹837 crore. The company’s Q4 numbers topped expectations on all vital parameters. Revenue from operations surged 19.7% YoY to ₹13,477 crore against ₹11,257 crore, again beating the CNBC-TV18 poll prediction of ₹13,055 crore.

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Biocon | The company reported a strong set of numbers in the fourth quarter of FY25, with net profit after exceptional items surging 154% to ₹344.5 crore, compared to ₹135.5 crore a year earlier. On a like-for-like basis, net profit rose 162%. The figure was also well above CNBC-TV18’s poll estimate of ₹167.7 crore. Revenue grew 12.8% year-on-year (YoY) to ₹4,417 crore, beating expectations of ₹4,168.6 crore.

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Sula Vineyards | Wine producer reported a 4.4% year-on-year (YoY) decline in net profit at ₹13 crore for the fourth quarter that ended March 31, 2025, down from ₹13.6 crore in Q4FY24. Revenue from operations increased 1% to ₹133 crore against ₹131.7 crore in the corresponding period of the preceding fiscal. Earnings before interest, tax, depreciation, and amortisation (EBITDA) fell 3.7% YoY to ₹28.4 crore in the fourth quarter over ₹29.5 crore.

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M&M Financial Services | Non-bank lender launched a ₹2,996.16-crore rights issue, with the board approving key terms on May 8, following in-principle approvals from the BSE and NSE. The issue will offer 15.44 crore fully paid-up equity shares at ₹194 apiece, including a premium of ₹192 per share. The entire amount will be payable at the time of application. The rights entitlement ratio has been set at one equity share for every eight fully paid-up equity shares held as on the record date of May 14, 2025.

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Pidilite | The company reported a consolidated net profit of ₹427.5 crore for the March quarter, up 40.5% from ₹304.3 crore a year ago, but below CNBC-TV18’s poll estimate of ₹450 crore. Revenue from operations rose 8.2% year-on-year (YoY) to ₹3,141 crore, also slightly under the estimated ₹3,148 crore. The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) came in at ₹623.5 crore, up 9.6% YoY but again short of the expected ₹652 crore.

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IIFL Finance | The company reported a consolidated net profit of ₹38.4 crore for the fourth quarter ended March 31, 2025, down sharply by 76.7% from ₹165 crore in the same period last year, as per the company’s standalone financial results. The year-on-year decline comes against the backdrop of regulatory challenges earlier in the financial year, including a temporary embargo on its gold loan business.

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HCC | The company reported a 63.4% year-on-year (YoY) decline in net profit at ₹90 crore for the fourth quarter that ended March 31, 2025. In the corresponding quarter of the previous fiscal, the company posted a net profit of ₹246 crore. Revenue from operations slipped 22.5% to ₹1,374 crore against ₹1,773 crore a year ago. Earnings before interest, tax, depreciation, and amortisation (EBITDA) increased to ₹429.4 crore in the Q4FY25 against a loss of ₹117.2 crore in Q4FY24. The EBITDA margin stood at 31.3% in the reporting quarter.