News

As Indian stock markets gear up for another trading session on Friday, April 25, the Street will closely track corporate announcements and earnings from scrips such as Axis Bank, Tech Mahindra, Hindustan Unilever, IndusInd Bank among others. Here’s the list of stocks to keep an eye on as the trading day unfolds:

Axis Bank | The lender reported a net profit of ₹7,117.5 crore for the quarter ended March 31, 2025, surpassing Street estimates. The figure came in above the CNBC-TV18 poll estimate of ₹6,752.7 crore, but slightly below the ₹7,129.6 crore reported in Q4 FY24. Net interest income (NII), a key measure of a bank’s core earnings, stood at ₹13,811 crore for the quarter, marginally higher than expectations.

Tech Mahindra | The IT major reported a 1.5% decline in constant currency revenue for the January–March quarter, worse than CNBC-TV18’s expected 0.5% drop. Revenue in US dollar terms stood at $1,549 million, slightly below the forecast of $1,553 million. In rupee terms, revenue came in at ₹13,384 crore—lower than the expected ₹13,452 crore, but 0.7% higher year-on-year. Net profit for the quarter rose 18.7% YoY to ₹1,166.7 crore, surpassing both the projected ₹1,067 crore and last quarter’s ₹983 crore. Despite a tepid topline, the company delivered strong bottom-line growth, outperforming analyst expectations on profit.

SBI Cards and Payment Services | The credit card firm reported a 19.4% year-on-year (YoY) decline in net profit for the quarter ended 31 March 2025 amid rising credit costs and provisions. Total revenue from operations grew 7.5% YoY to ₹4,674 crore.

L&T Technology Services | The IT firm reported a lower-than-expected net profit of ₹311.1 crore for the March quarter, down 3.5% from ₹322.4 crore in the previous quarter and missing the CNBC-TV18 poll estimate of ₹346.9 crore. Revenue for the quarter rose 12.4% sequentially to ₹2,982.4 crore from ₹2,653 crore in the December quarter.

IndusInd Bank | The lender on Thursday denied reports suggesting it has stopped acquiring new customers in its microfinance segment, stating it has not received any directive from the Reserve Bank of India (RBI) to do so. The clarification comes in response to recent media reports claiming the bank halted onboarding new microfinance institution (MFI) customers as early as January, and that it refrained from underwriting fresh loans through its microfinance subsidiary Bharat Financial Inclusion Ltd (BIFL) for most of the March quarter.

Canara Bank | The lender has reduced its Repo Linked Lending Rate (RLLR) by 25 basis points, following the Reserve Bank of India’s (RBI) decision to lower the benchmark repo rate from 6.25% to 6.00%, the bank said in a statement on Thursday.

Tanla Platforms | The company reported a 9.9% decline in net profit for the March quarter at ₹117.3 crore, compared with ₹130.2 crore in the same period last year. Revenue rose marginally by 1.9% to ₹1,024.4 crore from ₹1,005.5 crore a year ago. Earnings before interest, tax, depreciation and amortisation (EBITDA) also inched up 1.9% year-on-year to ₹163.4 crore.

Shriram Housing Finance | The NBFC reported a 60% year-on-year increase in fourth-quarter net profit, reaching ₹99.2 crore for the quarter ended March 31, up from ₹62 crore in the same period last year, the company said on Thursday. Net interest income (NII) rose 52.1% to ₹294.7 crore from ₹193.8 crore a year earlier, driven by strong loan growth and improved margins.

Indian Energy Exchange | The IEX reported a 21% year-on-year rise in net profit at ₹117.1 crore for the March quarter, compared to ₹96.7 crore a year ago. Revenue grew 17.25% YoY to ₹142.2 crore, while EBITDA rose 16.1% to ₹121.3 crore. Operating margin stood at 85.3%, slightly lower than 86.2% in the same quarter last year.

Aavas Financiers | The lender reported a 7.8% year-on-year growth in net profit at ₹153.7 crore for the March quarter, up from ₹142.6 crore in the same period last year. Net interest income (NII) rose 14.5% to ₹371.5 crore from ₹324.4 crore YoY, indicating healthy traction in core lending operations.

RITES | The state-run railway infra major, on Thursday said it has received a work order worth ₹28 crore from Mahanadi Coalfields Ltd (MCL) for detailed engineering & project management consultancy services.

Indian Bank | The public sector lender lowered home loan rates from 8.15% to 7.90% per annum, while vehicle loan rates were cut from 8.50% to 8.25% per annum, the bank said in a statement on Thursday.

Cyient | The IT firm posted a 46% sequential jump in net profit at ₹186.4 crore, driven by improved margins and operating performance. EBIT rose 5.2% QoQ, while EBIT margin expanded to 12.3% from 11.6%. Revenue dipped marginally to ₹1,909.2 crore. The board has recommended a final dividend of ₹14 per share.

SBI Life Insurance | The company reported a 10% YoY rise in value of new business (VNB) to ₹1,660 crore, ahead of CNBC-TV18’s poll of ₹1,384 crore. VNB margin expanded to 30.5%, beating estimates of 27.6%. Total APE came in at ₹5,450 crore, marginally higher YoY and above expectations. However, new business premium declined 24% YoY to ₹9,320 crore.

Macrotech Developers | The company reported a robust 38.5% year-on-year rise in net profit for Q4FY25 at ₹921.7 crore, led by improved operating performance and steady topline growth. Revenue rose 5.1% YoY to ₹4,224.3 crore, while EBITDA grew 16.6% to ₹1,220.7 crore.