Suhani Adilabadkar
Infosys
Infosys currently at Rs 1,700 levels has gained 30% from its 52-week low. Revenue of Rs 40,986 crore for the September quarter 2024 grew 3.1% QoQ and 3.3% YoY in constant currency terms. The company has increased its revenue growth guidance for the full year from 3% to 4% growth in constant currency to 3.75% to 4.5% in Q2FY25. Operating margin guidance for the financial year remains the same at 20% to 22%. Another positive in Q2FY25 results was stable revenue growth in financial services segment which constitute nearly 30% of its revenue mix. Financial services growth came in at 2.3% YoY in constant currency in Q2FY25. Financial services growth was (8.5%) and 0.3% YoY in March and June Quarter 2024.
Varun Beverages
Varun Beverages at Rs 600 levels has gained 64% from its 52-week low. The company is a key player in Indian beverage industry and one of the largest franchisee of PepsiCo in the world (outside USA). Varun Beverages reported revenues of Rs 4,805 crore with a YoY growth of 24% in September Quarter 2024. Net Profit was Rs 620 crore, a rise of 24% YoY in Q2FY25. The company is implementing capex of Rs 2,400 crore primarily for its facilities at Kangra, Himachal Pradesh, Prayagraj, Uttar Pradesh, Buxar, Bihar and Meghalaya.
Amber Enterprises
Amber Enterprises currently at Rs 6,000 levels touched its new 52-week high last week. The company is a major player in the room air conditioners (RAC) and non RAC components manufacturing sector. In the past five years, the company has diversified into providing solutions for home appliances, consumer electronics, hearables & wearables, telecom, automobile segments, smart energy meters, railway subsystems and defence. According to the management, Q2 & Q3FY25 have a lower base compared to higher base for Q4FY25. The AC industry is expected to grow by 35-40% and the company will grow 5-10% higher in Q4FY25, according to Jasbir Singh, Executive Chairman and CEO at Amber Enterprises India limited.
Federal Bank
Federal Bank at Rs 200 levels is near its 52-week high. Strong credit growth of 19% YoY and stable asset quality were major positives for Federal Bank in Q2FY25. Slippages were in control with slippages ratio at 0.8% in September Quarter 2024. Asset quality was stable with gross net NPAs lower at 2.09% compared to 2.11% QoQ. Net NPAs at 0.57% in Q2FY25 improved 3 basis points QoQ. The Bank reported highest ever net interest income (NII) of Rs 2,367 crore, a 15% YoY growth in Q2FY25. With net profit of Rs 1,056 crore, the Bank crossed the Rs 1000 Crore milestone yet again for the second consecutive quarter with Rs 1010 Cr net profit in the previous March Quarter 2024.
V-Mart Retail
V-Mart stock price made a new 52-week high this week. The stock price is currently at Rs 4,600 levels. Based on the concept of ‘value retailing’, the company caters to the needs of the value and fashion conscious consumers living in tier II, III and IV cities across India. V-Mart Retail offers fashion apparel, footwear, home furnishings, general merchandise and kirana for the complete family. The company reported revenues of Rs 661 crore, growth of 20% YoY in Q2FY25, highest revenue growth over the past six quarters.
