
Jindal Steel Q1 Profit Up 11.5%; Paytm Gets RBI Nod, Apollo Hospitals, Nykaa, HAL Post Strong Q1 Results
Jindal Steel reported a 9.7% year-on-year decline in consolidated income to ₹12,294 crore for Q1, while consolidated profit increased 11.5% to ₹1,494 crore. EBITDA rose 5.8% to ₹3,006 crore, with the EBITDA margin improving from 20.9% to 24.5%. Nazara Technologies posted a 54.2% year-on-year profit increase to ₹36.4 crore and revenue nearly doubled to ₹498.8 crore, with a stock split approved. Rashtriya Chemicals and Fertilizers saw a 404% surge in profit to ₹54.4 crore despite a 23.3% fall in revenue to ₹3,370.6 crore. National Securities Depository's profit grew 15.2% to ₹89.6 crore but revenue dropped 7.5% to ₹312 crore. NHPC's profit rose 4.2% to ₹1,065 crore and revenue increased 19.3% to ₹3,213.8 crore. FSN E-Commerce Ventures (Nykaa) reported a 79.4% profit increase to ₹24.5 crore and 23.4% revenue growth to ₹2,154.9 crore. Apollo Hospitals beat profit estimates with a 41.8% profit rise to ₹432.8 crore and 14.9% revenue growth to ₹584.2 crore, while announcing plans to double AI investments. Paytm received in-principle approval from India's Reserve Bank to operate as a payment services provider for online merchants after Ant Group exited, leading to a 5.2% share price increase to a 52-week high of ₹1,178.30. Brokerage firms including Citi and Morgan Stanley maintained buy or equal-weight ratings on various stocks such as Paytm, Apollo Hospitals, Nykaa, HAL, and Suzlon, with target prices ranging from ₹70 to ₹8,260. HAL reported a 10.8% revenue increase and improved EBITDA margin to 26.7%, supported by a strong order book and growth pipeline. Nykaa also acquired full control of Nudge Wellness by purchasing the remaining 40% stake for ₹15 lakh, aligning with its strategic wellness expansion. Several defense stocks including Bharat Dynamics and BDL showed strong growth prospects backed by robust order books and margin expansion. Hyundai Motor India shares rose 2.51% following a Goldman Sachs buy rating and ₹2,600 target price, citing new SUV launches and export growth. Other market highlights included Archean Chemical and NMDC Steel shares hitting highs, and Dixon and Metropolis flagged as potential buy candidates with up to 34% rally potential.
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