Stocks to Watch, May 21: Protean eGov Tech, ONGC, Oil India, RVNL, Va Tech Wabag, Dixon Tech, NHPC, Whirlpool of India, and more

Stocks to Watch: NHPC on Tuesday reported a 52% growth in its consolidated net profit to ₹919.63 crore in the March quarter (Q4 FY25) on the back of higher income. It posted a net profit of ₹605 crore in the January-March period of the preceding 2023-24 fiscal year, the company said in an exchange filing. Stocks to Watch: The domestic equity market will likely open with gains on Wednesday, May 21. The GIFT NIFTY futures suggest that the NIFTY50 index will open 22 points higher. Here is a list of stocks that may remain in focus today. Q4 results today: Over 130 companies are slated to release their Q4 results today. Some of the companies that will announce their March quarter numbers are Oil and Natural Gas Corporation (ONGC), IndusInd Bank, Interglobe Aviation, Protean eGov Technologies, RVNL, Va Tech Wabag, Oil India, Colgate Palmolive (India), NALCO, Ircon International, NTPC Green Energy, Va Tech Wabag, and GMM Pfaudler. NHPC: NHPC on Tuesday reported a 52% growth in its consolidated net profit to ₹919.63 crore in the March quarter (Q4 FY25) on the back of higher income. It posted a net profit of ₹605 crore in the January-March period of the preceding 2023-24 fiscal year, the company said in an exchange filing. NHPC increased its income to ₹2,672.11 crore from ₹2,320.18 crore in the same quarter a year ago. The board of the company also recommended a final dividend of a face value of ₹10 per share (₹0.51 per equity share) on the paid-up share capital of the company for FY 2024-25, subject to approval of shareholders in the ensuing Annual General Meeting. L\&T: The Bombay High Court on Tuesday denied relief to construction giant Larsen & Toubro in a dispute over the Thane-Ghodbunder to Bhayandar tunnel and elevated road project as it gave a go-ahead for the opening of tender bids citing the public importance of the venture. A vacation bench of Justices Kamal Khata and Arif Doctor said it was not continuing its interim stay passed last week, restraining the Mumbai Metropolitan Region Development Authority (MMRDA) from opening the financial bids, which is the last stage of the tendering process. The bench, in its order, pointed out that the ₹6,000 crore project was vital for citizens and hence cannot be delayed any further. Dixon Technologies: Electronics manufacturing services company Dixon Technologies (India) Ltd on Tuesday reported over a four-fold jump in consolidated net profit to ₹464.95 crore in the fourth quarter ended March 31, 2025, riding on robust revenue growth. The company had posted a consolidated net profit of ₹97.3 crore in the corresponding quarter of the previous fiscal year, Dixon Technologies (India) Ltd said in a regulatory filing. Consolidated revenue from operations stood at ₹10,292.54 crore compared to ₹4,657.97 crore in the year-ago quarter, it added. Aster DM Healthcare: Aster DM Healthcare Ltd on Tuesday reported a consolidated net profit of ₹85.54 crore in the fourth quarter ended March 31, 2025. The company had posted a consolidated net loss of ₹2.17 crore in the corresponding quarter of the previous fiscal year, Aster DM Healthcare said in a regulatory filing. Consolidated revenue from operations in the fourth quarter stood at ₹1,000.34 crore. It was at ₹973.59 crore in the same period a year ago, it added. Total expenses in the quarter under review were at ₹904.65 crore against ₹902.49 crore in the year-ago period. GMR Airports: GMR Airports Ltd (GAL) has taken over the cargo operations at the Delhi airport, days after the airport ended its association with Turkish firm Celebi. On May 15, the Bureau of Civil Aviation Security (BCAS) revoked the security clearance for Celebi Airport Services India Pvt Ltd in the "interest of national security". Celebi Airport Services India Pvt Ltd and Celebi Delhi Cargo Terminal Management India Pvt Ltd were overseeing ground handling and cargo terminal functions, respectively. "Following a government directive revoking Celebi's security clearance, GMR Airports Ltd (GAL) has assumed full responsibility for managing and operating cargo functions at Delhi Airport, ensuring seamless business continuity," Delhi airport operator DIAL said in a post on X on Tuesday. Sonata Software: Sonata Software on Tuesday announced the launch of a managed services platform, AgentBridge, designed to help businesses automate their operations using AI. AgentBridge will enable companies to centrally design, deploy, and govern intelligent AI agents across business functions, a company statement said. The solution addresses common problems like disconnected systems and inefficient AI tools through a unified multi-agent orchestration platform. With built-in role-based access controls, LLM guardrails, and audit-ready logging. "AgentBridge addresses the industry’s growing need for scalable, secure, and compliant AI deployment. It empowers enterprises to drive adoption with governance and observability, enabling real efficiencies, new revenue streams, and next-level automation," Sonata Software CTO Rajsekhar Datta Roy said. Fortis Healthcare: Fortis Healthcare Ltd on Tuesday reported a 7.44% decline in consolidated net profit at ₹188.02 crore in the fourth quarter ended March 2025, impacted by impairment on investment in an associate firm, property, plant and equipment, and higher expenses. The company had posted a consolidated net profit of ₹203.14 crore in the corresponding quarter of the preceding fiscal year, Fortis Healthcare Ltd said in a regulatory filing. Consolidated revenue from operations in the fourth quarter stood at ₹2,007.2 crore as compared to ₹1,785.88 crore in the same period a year ago, it added. Total expenses in the quarter under review were higher at ₹1,741.52 crore as compared to ₹1,531.76 crore in the year-ago period. UGRO Capital: Non-bank lender UGRO Capital on Tuesday announced its intent to raise up to ₹915 crore through a compulsory convertible debenture issue. Apart from this, the entity focused on lending to small businesses will also be raising ₹400 crore through a rights issue by issuing shares to its existing shareholders, as per an official statement. The capital raising exercise will take its overall capital adequacy to 29.4% as against 19.41% in March 2025, it said, adding that it will provide a significant headroom for growth. The company's assets under management increased to ₹12,003 crore at the end of FY25 from ₹9,047 crore at FY24's end. There was an uptick in stress, with the gross non-performing assets ratio rising to 2.3% from 2% in the year-ago period. United Spirits: United Spirits Ltd on Tuesday reported a 75% jump in consolidated net profit at ₹421 crore for the fourth quarter ended March 31, 2025, driven by higher revenue and lower expenses. The company had posted a net profit of ₹241 crore for the corresponding quarter previous fiscal year, United Spirits Ltd (USL) said in a regulatory filing. Revenue from operations stood at ₹6,634 crore as against ₹6,511 crore in the year-ago period, it added. Total expenses in the quarter under review were marginally lower at ₹6,266 crore as compared to ₹6,279 crore in the same period a year ago. Torrent Pharmaceuticals: Torrent Pharmaceuticals Ltd on Tuesday reported an 11% rise in consolidated net profit at ₹498 crore in the fourth quarter ended March 2025. The company, which had posted a consolidated net profit of ₹449 crore in the corresponding quarter previous fiscal year, announced the appointment of Aman Mehta – elder son of Torrent Group Chairman Samir Mehta – as Managing Director, effective August 1, 2025, as part of its succession planning. Consolidated total revenue from operations in the fourth quarter stood at ₹2,959 crore as against ₹2,745 crore in the same period a year ago, Torrent Pharmaceuticals Ltd said in a regulatory filing. Total expenses in the fourth quarter were higher at ₹2,252 crore as compared to ₹2,145 crore in the year-ago period, it added. Dredging Corporation of India (DCI): Dredging Corporation of India (DCI) on Tuesday reported a net profit of ₹21.39 crore for the March 2025 quarter, mainly on the back of increased income. It had posted a loss of ₹25.97 crore in the January-March period of the preceding 2023-24 fiscal year, the company said in an exchange filing. DCI increased its total income to ₹464.38 crore in the fourth quarter from ₹278.80 crore in the same quarter a year ago, registering a rise of 67%. Speaking to PTI, the company's MD and CEO, Durgesh Kumar Dubey, said, "We have ended the fourth quarter delivering positive financial numbers. We will try to maintain this momentum in the coming quarters." JK Tyre: JK Tyre & Industries Ltd on Tuesday reported a 42.5% decline in consolidated net profit at ₹98.66 crore in the fourth quarter ended March 2025, impacted by higher expenses and adverse forex fluctuation. The company had posted a consolidated net profit of ₹171.66 crore in the corresponding quarter of the preceding fiscal year, JK Tyre & Industries Ltd said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at ₹3,758.6 crore as against ₹3,698.45 crore in the same period a year ago. Total expenses in the fourth quarter were higher at ₹3,633.18 crore as compared to ₹3,437.9 crore in the year-ago period, it added. Wheels India: Wheels India has drawn up a capital expenditure plan of ₹250 crore for the current financial year, with the majority of it set aside for manufacturing windmill components. The city-headquartered company expects its overseas business to be strong during the current financial year, Wheels India Ltd MD Srivats Ram said on Tuesday. Wheels India reported a net profit of ₹105.9 crore for the financial year ending March 31, 2025, as compared to ₹67.9 crore registered in the previous fiscal year. Revenues for the year ending March 31, 2025, stood at ₹4,425 crore, down from ₹4,619 crore recorded in the year-ago period. Redington: Integrated technology solutions provider Redington Ltd on Tuesday reported a standalone profit of ₹209.45 crore for the January–March 2025 quarter, the company said. The city-headquartered firm had registered a profit of ₹160.57 crore during the corresponding quarter of the previous financial year. For the financial year ending March 31, 2025, the profit grew to ₹1,443.78 crore, as compared to ₹1,081.24 crore registered in the year-ago period. The standalone total income during the quarter under review rose to ₹13,137.14 crore from ₹10,510.98 crore recorded in the year-ago period. Godawari Power and Ispat: Godawari Power and Ispat Ltd (GPIL) on Tuesday reported a marginal 1.28% rise in consolidated net profit at ₹221.67 crore for the March quarter of 2025, helped by lower expenses. It had posted a net profit of ₹218.85 crore for January-March FY24, the company said in an exchange filing. Total income from operations, however, fell to ₹1,492.87 crore from ₹1,569.99 crore in the year-ago quarter. Expenses were down to ₹1,492.87 crore from ₹1,569.99 crore. The Board of Directors has also recommended a final dividend of ₹1 per share on equity shares of ₹1 each for FY25. Gland Pharma: Gland Pharma Ltd on Tuesday reported a 3% decline in consolidated net profit to ₹186.54 crore in the fourth quarter ended March 31, 2025, impacted by a decline in revenue in the US market. The company had posted a consolidated net profit of ₹192.42 crore in the corresponding period of the previous fiscal year, Gland Pharma said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at ₹1,424.91 crore as against ₹1,537.45 crore in the corresponding period a year ago, it added. In the fourth quarter, revenue from the US market was down 10% at ₹791.8 crore, while Europe was up 4% at ₹280.2 crore and India was flat at ₹52.5 crore. Other core markets comprising Canada, Australia and New Zealand: revenue was up 4% at ₹60.1 crore. Bansal Wire Industries: Stainless steel wire maker Bansal Wire Industries on Tuesday reported a 36% growth in consolidated net profit to ₹33.1 crore in the quarter ended March 31, 2025, helped by higher income. It had posted a net profit of ₹24.4 crore in the January-March period of the preceding 2023-24 fiscal year, the company said in an exchange filing. The company's total income rose to ₹942.9 crore in the quarter from ₹709.9 crore in the year-ago quarter. In a statement, the company's MD & CEO Pranav Bansal said, "The past year has been truly transformative, marked by a successful IPO and the commissioning of our new, state-of-the-art plant dedicated to value-added products." JSW Energy: JSW Energy would invest around ₹14,000 crore to expand the renewable energy capacity of recently acquired O2 Power to 4.7 gigawatts (GW) by 2027, and in FY26 it looks to spend up to ₹18,000 crore to complete ongoing projects, senior company officials said. Its arm JSW Neo Energy Ltd (JSW Neo) has acquired a 4,696 MW renewable energy platform of O2 Power Pooling Pte Ltd (O2 Power) for an enterprise value of ₹12,468 crore. Of the total, 2,259 MW will be operational by June 2025, while 1,463 MW is under construction, and an additional 974 MW are in the pipeline, the company had said. Whirlpool of India: Consumer durables maker Whirlpool of India Ltd on Tuesday reported a 50.4% jump in consolidated net profit at ₹119.47 crore in the fourth quarter ended March 2025 on the back of higher revenue and an exceptional item gain. The company had posted a consolidated net profit of ₹79.45 crore in the fourth quarter of the preceding fiscal year, Whirlpool of India Ltd said in a regulatory filing. Consolidated revenue from operations in the latest fourth quarter stood at ₹2,004.67 crore as against ₹1,733.99 crore in the corresponding period a year ago, it added. Kirloskar Industries: Kirloskar Industries Ltd on Tuesday announced the appointment of George Verghese as its Managing Director for a period of five years. The board of directors, at its meeting held on May 20, 2025, has approved the appointment of Verghese as the MD from May 21, 2025, to May 20, 2030, subject to shareholders' approval, Kirloskar Industries Ltd (KIL) said in a statement. Verghese joined the Kirloskar Group of companies in April 2021 as Vice President of Group HR. He later became the CHRO and Chief of Staff of Kirloskar Oil Engines Ltd, where he was part of the core team responsible for a successful strategic business turnaround effort, it added. DLF: Buoyed by record pre-sales in the last fiscal, India's largest realty firm, DLF, on Tuesday said it is targeting to sell housing properties worth ₹20,000-22,000 crore during 2025-26, driven by robust demand for its luxury properties. On Monday, the DLF reported record sales bookings of ₹21,223 crore in 2024-25, an increase of 44% from ₹14,778 crore in the preceding financial year. In a conference call with analysts held on Tuesday, DLF's Managing Director Ashok Kumar Tyagi said, "Our pre-sales guidance for this fiscal is ₹20,000-₹22,200 crore." Nazara Technologies: Gaming company Nazara Technologies on Tuesday said it has acquired Curve Digital Entertainment (CDEL), a UK-based publisher of PC and console games, for ₹247 crore. The acquisition of 100% ownership in Curve Digital Entertainment (CDEL) was carried out by Nazara Technologies UK, a wholly-owned subsidiary of Nazara Technologies, and will be completed in 10 working days, the company said in a regulatory filing. By bringing Curve Games into its portfolio, Nazara gains access to new platforms, genres, and key geographies, including North America, Asia Pacific, and Europe, the filing said. SBI: SBI on Tuesday approved $3 billion fundraising through public offer or private placement in the current fiscal. "The Executive Committee of the Central Board in its meeting held on 20th May 2025 has approved to examine the status and decide on long-term fundraising in single/multiple tranches of up to USD 3 billion through a public offer and/or private placement of senior unsecured notes in US dollars or any other major foreign currency during FY 2025-26," SBI said in a regulatory filing.