Stocks to Watch for October 22: M&M Fin, Indian Hotels, Bharat Electronics, Eternal and more

From KEI Industries and Indian Hotels reporting their Q2 results to the Ministry of Defence signing a ₹770 crore contract with Bharat Electronics (BEL... 1 /7 Indian Hotels Company | Tata Group company reported a 19.5% year-on-year increase in net profit to ₹380 crore for the September quarter, compared with ₹318 crore in the year-ago period. Its revenue from operations rose 21.7% to ₹2,484 crore from ₹2,041 crore a year earlier. EBITDA increased 23.9% to ₹706 crore, compared with ₹570 crore in the corresponding quarter last year.

EBITDA margin contracted to 19.95% from 27.9% a year earlier. 2 /7 Mahindra & Mahindra Financial Services | Its net profit rose 55% to ₹882 crore in Q2 FY27 from ₹569 crore in the year-ago period. Net interest income increased 13.2% to ₹2,391 crore from ₹2,112 crore in the corresponding quarter last year. 3 /7 KEI Industries | The firm reported a 29.3% year-on-year rise in Q2 PAT to ₹262.4 crore, while revenue increased 38.5% to ₹3,776.4 crore. EBITDA rose 39.8% to ₹376 crore, while EBITDA margin stood at 10%, compared with 9.9% in the year-ago quarter.

Revenue exceeded the estimate of ₹3,442 crore, while PAT and EBITDA fell short of estimates of ₹275 crore and ₹395 crore, respectively. EBITDA margin was also below the estimate of 11.5%. 4 /7 Eternal | The firm reported a 35.9% quarter-on-quarter rise in net profit to ₹125 crore for the second quarter, compared with ₹92 crore in the previous quarter. Revenue increased 19.4% sequentially to ₹24,138 crore from ₹20,211 crore.

EBITDA rose 26.6% quarter-on-quarter to ₹752 crore from ₹594 crore. EBITDA margin improved to 3.1% from 2.93% in the previous quarter. The company expects to cross 3,500 stores by March 2027, with its current plans pointing to around 5,000 stores. 5 /7 Tata Communications | The firm said the National Court of Spain has ruled in favour of its subsidiary Tata Communications (Spain) S.L., annulling a VAT demand of €15.51 million, including interest, and a penalty of €18.10 million imposed by the Spanish Tax Agency.

The case related to the subsidiary’s claim for a refund of input VAT and was pending before the court following an appeal against a decision by Spain’s Central Economic-Administrative Tribunal (TEAC). 6 /7 BEL | The Ministry of Defence has signed a ₹770 crore contract with Bharat Electronics Ltd (BEL) to supply improved low-level light-weight radar (LLLR-I) systems to the Indian Army. The LLLR-I systems are designed to help the Army monitor the skies and detect different types of aerial threats, including small drones that can be difficult to spot. 7 /7 Pine Labs | The firm has invested approax ₹25 crore in its wholly owned subsidiary Synergistic Financial Networks Private Limited (SFNPL) by subscribing to 49,869 equity shares through a rights issue. The investment will fund SFNPL’s working capital requirements, support growth opportunities and enable further investments in its step-down subsidiaries.

SFNPL will continue to remain a wholly owned subsidiary of Pine Labs following the transaction. Home Photos News Market News Stocks to Watch for October 22: M&M Fin, Indian Hotels, Bharat Electronics, Eternal and more

Source: CNBC TV18