Stocks to Watch: Bajaj Finance, IndusInd Bank, BPCL, CEAT and more

IndusInd Bank | Confirming an earlier CNBC-TV18 report, Sumant Kathpalia has resigned as the managing director and chief executive officer (MD & CEO) of IndusInd Bank, citing moral responsibility in relation to the ongoing controversy surrounding the bank’s derivatives portfolio transactions. His resignation was submitted to the board of directors of IndusInd Bank, effective at the close of business hours today, April 29.

BPCL | The company reported a net profit of ₹3,214 crore for the March quarter, significantly ahead of the CNBC-TV18 poll estimate of ₹2,700 crore. The state-run oil marketing company also delivered better than expected operational performance, with EBITDA at ₹7,765 crore versus a poll expectation of ₹5,257 crore, and operating margin improving to 7%, compared to the expected 4.6%.

CEAT | The tyre maker’s net profit dropped 8.4% year-on-year to ₹99.5 crore, compared with ₹108.6 crore in the same quarter last year, impacted by weaker operating performance and margin compression. Revenue from operations, however, rose 14.3% to ₹3,420.6 crore versus ₹2,991.9 crore in Q4 FY24, indicating strong demand traction across key segments.

Vishal Mega Mart | Supermarket chain reported an 88% year-on-year (YoY) hike in net profit at ₹115.1 crore in the March quarter compared to ₹61.2 crore in the March 2023 quarter. Revenue from operations was up 23.2% to ₹2,547.9 crore in Q4 FY25 against ₹2,068.9 crore in Q4 FY24. At the operating level, EBITDA climbed 42.6% to ₹357 crore from ₹250.5 crore in the Q4 FY24.

UTI AMC | One of India’s leading mutual fund houses reported a 17.9% year-on-year (YoY) decline in net profit for the fourth quarter ended 31 March 2025, as market conditions weighed heavily on investor sentiment and fund inflows. The company posted a net profit of ₹124 crore, down from ₹151 crore in the corresponding period last year.

Praj Industries | Pune-based bioenergy and plant engineering firm reported a 56.7% year-on-year decline in consolidated net profit for the fourth quarter ended March 31, 2025, amid a challenging demand environment, slower execution, and rising input costs. The company posted a net profit of ₹39.8 crore, down from ₹91.9 crore in the same period last year. Revenue from operations dropped 15.6% to ₹859.7 crore, compared to ₹1,018.6 crore a year ago.

Schaeffler India | The India arm of the German auto parts maker reported a 14.5% year-on-year (YoY) increase in net profit at ₹251.6 crore for the first quarter that ended March 31, 2025. In the corresponding quarter of the previous fiscal, Schaeffler India posted a net profit of ₹219.7 crore. Revenue from operations rose 16.1% to ₹2,174.4 crore against ₹1,873.1 crore in the year-ago period.

Jana Small Finance Bank | Bengaluru-based bank reported a 61.6% year-on-year (YoY) decline in net profit at ₹123.4 crore for the fourth quarter that ended March 31, 2025. In the corresponding quarter of the previous fiscal, Jana Small Finance Bank posted a net profit of ₹321.6 crore. Net interest income (NII) was up 0.9%, coming at ₹597 crore against ₹591.8 crore in Q4FY24.

SBI | The board of directors of the bank is scheduled to meet this Saturday to evaluate a proposal for raising equity during the 2025-26 financial year (April-March). The board will assess various methods, including a follow-on public offer (FPO), rights issue, qualified institutional placement (QIP), or other possible modes, according to a regulatory filing by the bank.

IndiaMART | The company posted a 49.3% quarter-on-quarter rise in consolidated net profit at ₹180.6 crore for the March quarter, compared to ₹121 crore in the December quarter. The jump in profit was primarily driven by a sharp increase in other income, which rose to ₹109 crore from ₹44.9 crore in the previous quarter. Revenue remained largely flat sequentially at ₹355 crore versus ₹354.3 crore.