India Movers: Godfrey Phillips, Hindalco, Lux Industries, Manappuram Finance, MMTC, SJVN, United Breweries

Arun Goswami
14 Feb, 2025
Mumbai

The Sensex and Nifty indexes extended weekly losses to over 2% amid persistent outflow of foreign funds and weak earnings growth outlook. 

The Sensex index fell by 0.3% to 75,935.79, and the Nifty index decreased by 0.2% to 22,950.55.

On the Mumbai stock exchange, 31 stocks traded at their 52-week highs, and 243 stocks traded at their 52-week lows.

Hindalco Industries Ltd. advanced 0.3% to ₹604 after the copper producer reported an 11% rise in revenue in the December quarter.

Consolidated revenue increased to ₹58,899 crore from ₹53,088 crore, net income advanced to ₹3,735 crore from ₹2,331 crore, and diluted earnings per share rose to ₹16.82 from ₹10.50 a year ago.

Godfrey Phillips India Ltd. increased 13% to ₹5,617.90 after the flagship company of Modi Enterprises reported a 47% jump in its earnings in the December quarter.

Consolidated revenue increased to ₹1,942.8 crore from ₹1,544.7 crore, after-tax profit rose to ₹315.8 crore from ₹212.4 crore, and diluted earnings per share jumped to ₹60.95 from ₹40.85 a year ago.

Manappuram Finance Ltd. fell 6% to ₹182.70, and the non-banking financial company reported a sharp decline in net income in the December quarter.

Consolidated revenue increased to ₹2,559.7 crore from ₹2,305.2 crore, net income fell to ₹278.5 crore from ₹575.3 crore, and diluted earnings per share decreased to ₹3.29 from ₹6.79 a year ago.

Lux Industries Ltd. declined 3% to ₹1,432, despite the innerwear products maker reporting a 55% surge in profit in the December quarter.

Consolidated revenue advanced to ₹557.30 crore from ₹454.46 crore, after-tax profit jumped to ₹32.6 crore from ₹21 crore, and diluted earnings per share rose to ₹10.85 from ₹6.97 a year ago.

MMTC Limited plunged 4% to ₹59.15 after the commodities trading company controlled by the central government reported a sharp decline in quarterly revenue and earnings.

Consolidated revenue decreased to ₹35.3 crore from ₹63.3 crore, after-tax profit fell to ₹3.6 crore from ₹5.7 crore, and diluted earnings per share dropped to 2 paisa from 37 paisa a year ago.

SJVN Ltd. decreased 1% to ₹91.73, and the hydroelectric power supplier reported a rise in revenue and net income in the December quarter.

Consolidated revenue increased to ₹760.8 crore from ₹607.7 crore, after-tax profit rose to ₹148.7 crore from ₹139 crore, and diluted earnings per share advanced to 39 paisa from 33 paisa a year ago.

The company's board declared an interim dividend of ₹1.15 per share, payable on March 6 or after.

United Breweries Limited rose 4% to ₹2,105.15 after the alcoholic beverage maker reported a slight increase in revenue and a 55% decline in profit in the December quarter.

Consolidated revenue increased to ₹4,436.7 crore from ₹4,179.8 crore, net income fell to ₹38.5 crore from ₹85.8 crore, and diluted earnings per share declined to ₹1.45 from ₹3.23 a year ago.

Ipca Laboratories Ltd. fell 3% to ₹1,452.10, despite the pharmaceutical company reporting a rise in revenue and earnings in the December quarter. 

Consolidated revenue increased to ₹2,265.5 crore from ₹2,075.3 crore, after-tax profit advanced to ₹277.3 crore from ₹222.6 crore, and diluted earnings per share rose to ₹9.78 from ₹7.09 a year ago.