Stocks to Watch on January 29: Bajaj Auto, M&M Financial, SBI Card, Mahanagar Gas and more

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Bajaj Auto | Pune-based automaker reported a 3.3% year-on-year (YoY) increase in net profit at ₹2,108.7 crore for the third quarter that ended on December 31, 2024. In the corresponding quarter of the previous fiscal, Bajaj Auto posted a net profit of ₹2,042 crore. The CNBC-TV18 poll had predicted a profit of ₹2,128 crore for the quarter under review. The company's revenue from operations was up 5.7% to ₹12,807 crore against ₹12,114 crore in the corresponding period of the preceding fiscal, driven by strong exports, a robust domestic green energy portfolio, and another record performance in spares.

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M&M Financial | The company reported a strong performance for Q3, with net profit surging 62.7% year-on-year to ₹899.5 crore, exceeding CNBC-TV18's poll estimate of ₹587 crore. The company also reported an 18% rise in Net Interest Income (NII), which reached ₹2,097.1 crore, outperforming the expected ₹1,927.2 crore. This growth compares to ₹1,779 crore in the same quarter last year.

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SBI Card | The company reported a 30% year-on-year decline in its consolidated net profit for the December quarter (Q3 FY25), which stood at ₹383.2 crore, down from ₹549.1 crore in Q3 FY24. Consolidated revenue from operations rose slightly by 1%, amounting to ₹4,767 crore, compared to ₹4,742 crore in the same period last year. Net interest income (NII) also saw a decline of 3.5%, falling to ₹3,790.1 crore from ₹3,926.2 crore a year ago.

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Mahanagar Gas | City gas distributor reported a 28.9% year-on-year (YoY) decline in net profit at ₹225.4 crore for the third quarter that ended on December 31, 2024, against ₹317.18 crore in the year-ago quarter. The CNBC-TV18 poll had predicted a profit of ₹185 crore for the quarter under review. The board of directors has considered and approved an interim dividend of ₹12 per equity share having a face value of ₹10 each for the financial year 2024-25.

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Bosch | Auto components maker reported an 11.6% year-on-year (YoY) dip in net profit at ₹458 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, Bosch posted a net profit of ₹ 518 crore. The company's revenue from operations increased 6.2% to ₹4,465.7 crore against ₹4,205.2 crore in Q3 of the preceding year. The growth was driven by an increase in service income from the development of automotive components for major OEMs.

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Colgate-Palmolive | FMCG major reported a 2.3% year-on-year (YoY) dip in net profit at ₹322.8 crore for the third quarter that ended on December 31, 2024. In the corresponding quarter of the previous fiscal, Colgate-Palmolive India posted a net profit of ₹330 crore, the company said in a regulatory filing. The CNBC-TV18 poll had predicted a profit of ₹337 crore for the quarter under review.

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GMR Airports | The company reported a net profit of ₹202.1 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, GMR Airports posted a net loss of ₹486.4 crore, the company said in a regulatory filing. The company's revenue from operations increased 19.2% to ₹2,653.2 crore as against ₹2,226.7 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA jumped 48.3% to ₹991.7 crore in the third quarter of this fiscal over ₹668.6 crore in the corresponding period in the previous fiscal.

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BHEL | State-owned Bharat Heavy Electricals Ltd (BHEL) on Tuesday (January 28) reported a 123.5% year-on-year (YoY) jump in net profit at ₹134.7 crore for the third quarter that ended December 31, 2024, mainly on the back of higher revenues. In the year-ago quarter, BHEL posted a net profit of ₹60.3 crore. The company's revenue from operations surged 32.2% to ₹7,277.1 crore against ₹5,503.8 crore year-on-year.

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Motilal Oswal Financial Services | The company reported mixed results on January 28, with a drop in net profit but an almost 12% rise in revenue. The brokerage firm posted a 14.4% decline in net profit for the December quarter (Q3 FY25), which came in at ₹564.5 crore compared to ₹659.8 crore in the same period last year. Revenue, however, rose 11.6% year-on-year to ₹1,998.6 crore from ₹1,791.3 crore, reflecting strong operational performance.

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Suzlon Energy | The company reported its December quarter results after market hours on Tuesday, January 28, which were higher on a year-on-year basis on all fronts, amidst record deliveries in a quarter. Suzlon's net profit nearly doubled from the same quarter last year to ₹387 crore. A marginal contribution to the bottomline was a surge in other income to ₹27 crore from ₹9 crore last year.

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MapmyIndia | Digital navigation firm reported a 4% year-on-year (YoY) increase in net profit at ₹32.3 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, CE Info Systems posted a net profit of ₹31 crore, the company said in a regulatory filing. The company's revenue from operations surged 24.4% to ₹114.5 crore as against ₹92 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA was up 15.3% to ₹41.7 crore in the third quarter of this fiscal over ₹36.1 crore in the corresponding period in the previous fiscal.

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Home First Finance | Affordable housing financier reported a 24.1% year-on-year (YoY) surge in net profit at ₹97.8 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, Home First Finance Company India posted a net profit of ₹78.8 crore. Net interest income (NII), which is the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors, increased 28.4%, coming at ₹213.3 crore against ₹166.1 crore in the corresponding quarter of FY24.

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Star Health | The company reported a 25.7% year-on-year decline in net profit to ₹215.1 crore for Q3 FY25, compared to ₹289.6 crore in the same period last year. The standalone health insurer’s net earned premium (NEP) increased by 15.4% year-on-year to ₹3,799.7 crore, up from ₹3,293.6 crore. However, the company reported an underwriting loss of ₹49 crore, a reversal from the ₹114 crore underwriting profit recorded in Q3 FY24. Underwriting losses occur when claim payouts exceed premiums collected.

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JSW Energy | The company reported a 32.2% year-on-year decline in net profit for the third quarter of fiscal 2025 (FY25). The energy behemoth posted a profit of ₹157.5 crore in the three months ended December 2024, compared to ₹232.2 crore in the same period last year. Revenue for the quarter also dropped by 5.6% YoY to ₹2,400 crore, down from ₹2,542.8 crore in Q3 FY24. The company’s EBITDA fell by 21.2% YoY to ₹874.8 crore, from ₹1,110.8 crore in the corresponding period last year.

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Grasim Industries | Aditya Birla Group firm disclosed that the state tax officer under the Office of the Joint Commissioner (State Tax - Intelligence), Salem, conducted an inspection at its cellulosic fashion yarn business marketing office and depot in Salem, Tamil Nadu, on January 22, 2025. Following the inspection, an order was passed on January 25, 2025, under Section 67 of the Tamil Nadu Goods and Services Tax Act, 2017, resulting in the seizure of certain depot records.

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Religare Enterprises | The Securities and Exchange Board of India (SEBI) has returned a letter from Digvijay Laxmansinh Gaekwad and Danny Gaekwad Developments & Investments, Florida, seeking permission to submit a competing open offer for equity shares of Religare Enterprises Limited. In its response, SEBI stated: “The letters submitted by Mr Digvijay Laxmansinh Gaekwad are being returned since the same is not an exemption application in terms of Regulation 11 of SEBI (SAST) Regulations, 2011."

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Exide Industries | Battery maker reported a 2% year-on-year (YoY) rise in net profit at ₹245 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, Exide Industries posted a net profit of ₹240.3 crore. The company's revenue from operations increased 0.2% to ₹3,848.6 crore against ₹3,840.5 crore in the year-ago period.

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VIP Industries | Luggage manufacturer reported a year-on-year (YoY) net loss of ₹12.4 crore for the third quarter that ended December 31, 2024. This is against a net profit of ₹7.2 crore in the third quarter of the preceding fiscal. The company's revenue from operations dipped 8.3% to ₹501 crore against ₹546.4 crore in the corresponding period of the preceding fiscal.