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Written by 9:56 pm Sustainable Manufacturing

ABB, IRCTC, Amara Raja, Gland Pharma, JK Paper and more: Top stocks to watch out for on November 5

ABB India, stocks to watch, top stocks

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ABB India | Electrification and automation major reported a 21.4% year-on-year (YoY) jump in net profit at ₹440.5 crore for the third quarter that ended on September 30, 2024. In the corresponding quarter of the previous fiscal, ABB India posted a net profit of ₹363 crore, the company said in a regulatory filing. The CNBC-TV18 poll had predicted a profit of ₹477.67 crore for the quarter under review. The company’s revenue from operations increased 5.2% to ₹2,912.2 crore against ₹2,769.1 crore in the corresponding period of the preceding fiscal.

IRCTC, stocks to watch, top stocks

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IRCTC | For the quarter ending September 30, 2024, the company’s total income rose to ₹1,123 crore, an 8.1% increase from ₹1,039 crore in Q2 FY24. Net profit increased by 4.5% to ₹307.8 crore, up from ₹294.7 crore in the same period last year. Operating revenue surged by 7.2%, reaching ₹1,064 crore compared to ₹992.4 crore a year earlier. IRCTC’s EBITDA for Q2 FY25 rose marginally by 1.7% year-on-year to ₹372.79 crore, with the EBITDA margin slipping slightly by 190 basis points to 35% from 36.9% in the previous year.

Amara Raja Energy, stocks to watch, top stocks

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Amara Raja Energy | The company reported a 6.3% year-on-year (YoY) increase in net profit at ₹240.7 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Amara Raja Energy & Mobility posted a net profit of ₹226.4 crore. The company’s revenue from operations increased 11.6% to ₹3,135.8 crore against ₹2,811.1 crore in the year-ago period.

Gland Pharma, stocks to watch, top stocks

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Gland Pharma | The company reported a 15.7% year-on-year (YoY) decline in net profit at ₹163.5 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Gland Pharma posted a net profit of ₹194 crore, the company said in a regulatory filing. Revenue from operations increased 2.4% to ₹1,405.8 crore against ₹1,373.4 crore in the corresponding period of the preceding fiscal.

JK Paper, stocks to watch, top stocks

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JK Paper | Paper and packaging board company reported a 57.8% year-on-year (YoY) decline in net profit at ₹129 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, JK Paper posted a net profit of ₹305.7 crore, the company said in a regulatory filing. The company’s revenue from operations increased 2% to ₹1,683 crore as against ₹1,650 crore in the corresponding period of the preceding fiscal.

KEC International, stocks to watch, top stocks

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KEC International | Infrastructure company reported a 53% year-on-year (YoY) jump in net profit at ₹85.4 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, KEC International posted a net profit of ₹55.8 crore, the company said in a regulatory filing. The company’s revenue from operations increased 13.7% to ₹5,113.3 crore as against ₹4,499 crore in the corresponding period of the preceding fiscal.

P&G Health, stocks to watch, top stocks

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P&G Health | The company reported a 25.5% year-on-year (YoY) surge in net profit at ₹82.3 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Procter & Gamble Health posted a net profit of ₹65.6 crore. Revenue from operations increased 2.8% to ₹313.4 crore against ₹304.9 crore in the year-ago period. At the operating level, EBITDA climbed 28.7% to ₹114.1 crore in the second quarter of this fiscal over ₹88.7 crore in Q2 of FY24.

Bata India, stocks to watch, top stocks

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Bata India | Shoemaker reported a net profit of ₹52 crore in the three months ended September 30, 2024, a jump of 53.1% from last year helped by operational efficiencies and premiumisation. Bata, which sells brands like Hush Puppies and North Star in India, had a profit of ₹34 crore in the same period last year. The year-ago profit included a ₹40.9 crore charge related to a voluntary retirement scheme.

Raymond, stocks to watch, top stocks

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Raymond | The company reported a rise in consolidated Q2 net profit, doubling year-on-year (YoY) to ₹59 crore from ₹27.8 crore, driven by robust growth in its real estate and engineering businesses. Revenue from operations surged to ₹1,044.7 crore, up from ₹470 crore in the same period last year, while EBITDA climbed to ₹116 crore from ₹55.8 crore YoY. The EBITDA margin, however, dipped slightly to 11.1% from 11.9% a year ago.

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