Q4 Earnings: IREDA, IndiGo, NMDC Among Stocks Set To Remain In Focus

Shares of Indian Renewable Energy Development Agency (IREDA), InterGlobe Aviation, NMDC, Titagarh Rail Systems and Gujarat Gas are likely to attract investor attention on Monday after the release of their March quarter earnings and related corporate announcements.

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IndiGo Reports Quarterly Loss

InterGlobe Aviation, which operates IndiGo, reported a net loss of ₹2,536 crore in the fourth quarter, compared with a profit of ₹3,068 crore in the corresponding period last year. Revenue rose marginally by 1.3% to ₹22,438 crore from ₹22,152 crore.

EBITDA fell sharply to ₹810 crore from ₹6,089 crore a year ago, while the EBITDA margin narrowed to 3.6% from 27.5%. The company reported a foreign exchange loss of ₹4,823 crore and a one-time loss of ₹250 crore during the quarter.

NMDC Delivers Higher Profit

NMDC posted a 15.5% sequential increase in net profit at ₹2,018 crore for the March quarter, compared with ₹1,747 crore in the previous quarter.

Revenue climbed 49% to ₹11,343 crore from ₹7,611 crore, while EBITDA rose 23.2% to ₹2,643 crore. However, EBITDA margin declined to 23.3% from 28.2%.

NMDC Steel also reported an improvement in performance. The company recorded a net profit of ₹392 crore against a loss of ₹244 crore in the previous quarter. Revenue increased 29% to ₹3,879 crore, while EBITDA stood at ₹805 crore compared with ₹141 crore in the preceding quarter.

IREDA Profit Slips Marginally

IREDA reported revenue of ₹2,175 crore for the quarter ended March, up 14.2% from ₹1,905 crore in the year-ago period.

Net profit declined 1.8% to ₹493 crore from ₹502 crore, while EBITDA rose 7.7% to ₹1,867 crore. EBITDA margin moderated to 85.8% from 91%.

Strong Earnings From Glenmark, Olectra

Glenmark Pharmaceuticals reported a sharp improvement in profitability, with net profit rising to ₹301 crore from ₹4.7 crore a year earlier. Revenue increased 15.8% to ₹3,771 crore, while EBITDA rose 35.9% to ₹763 crore. The board approved a dividend of ₹2.50 per share and cleared the transfer of its nebulizer brands and intellectual property portfolio to Glenmark Healthcare for ₹223 crore.

Olectra Greentech posted a net profit of ₹55.5 crore, compared with ₹21 crore in the corresponding quarter last year. Revenue grew 43.6% to ₹645 crore, while EBITDA increased 76.3% to ₹99.6 crore. The board recommended a final dividend of ₹4 per share.

Other Key Earnings

Triveni Engineering reported an 8.5% decline in net profit to ₹168 crore, while Inox Wind’s profit fell 51.1% to ₹91.3 crore.

Rubicon Research recorded a strong quarter, with net profit rising to ₹76.8 crore from ₹36.2 crore. Lumax Auto Technologies reported a 50.9% increase in net profit to ₹88.1 crore and announced a dividend of ₹5.50 per share.

Among other companies, Concord Biotech, KNR Constructions, EMS, JM Financial and Hinduja Global reported weaker earnings, while Kingfa Science, Sunflag Iron and Antony Waste Handling Solutions posted growth in revenue during the quarter.

The latest earnings announcements are expected to shape trading activity in several stocks as investors assess the impact of profitability trends, margins and corporate actions disclosed with the March quarter results.