Stocks to Watch Today, 28th April 2025: Reliance, Force Motors, Tata Technologies, L&T Finance, and More

Indian equities are set for a positive opening on Monday, supported by strong corporate earnings from heavyweights like Reliance Industries, Force Motors, and L&T Finance. However, select underperformers such as RBL Bank and Poonawalla Fincorp may weigh on sentiment. Here’s a detailed look at the key stocks to watch:

Key Stocks in Focus

Reliance Industries: Revenue Growth Amid Margin Pressure

Reliance Industries reported a 9% sequential rise in consolidated revenue to ₹2,61,388 crore for Q4FY25. However, operating performance remained flat with Ebitda at ₹43,832 crore, and the Ebitda margin contracted sharply by 148 basis points to 16.8%, the steepest decline in ten quarters. Net profit grew by 5% to ₹19,407 crore.

Reliance Jio, its telecom arm, showed steady momentum with 2% revenue growth and a 3% rise in net profit. Subscriber base expanded to 48.8 crore, while ARPU edged higher to ₹206. Despite margin pressures at the group level, Jio's operational resilience could lend support to the stock.

Force Motors: Exceptional Boost Lifts Profit

Force Motors posted a 17.15% YoY rise in consolidated revenue to ₹2,356 crore, while Ebitda improved 18.15% to ₹330.06 crore. The bottom line surged by over 210% to ₹435 crore, primarily aided by an exceptional gain of ₹394 crore from the Madhya Pradesh government's Industrial Investment Promotion Assistance Scheme. The company also recommended a robust final dividend of ₹40 per share, potentially keeping investor interest elevated.

Tata Technologies: Consistent Performer

Tata Technologies reported a 20.12% rise in consolidated net profit at ₹188.87 crore for Q4FY25, supported by higher income and cost efficiencies. Total income rose marginally to ₹1,342.73 crore. The company’s stable growth trajectory in the engineering services space positions it favourably amid rising demand for digital solutions.

L&T Finance: Steady Growth and Healthy Dividend

L&T Finance registered an 8.2% YoY increase in revenue to ₹2,150 crore and a 15.7% rise in net profit to ₹631 crore on a standalone basis for Q4FY25. The board recommended a final dividend of ₹2.75 per share. Stable earnings growth and a healthy payout policy make it an important stock to track.

Mahindra Holidays: Strong Margin Expansion

Mahindra Holidays & Resorts India posted a 5.2% YoY growth in revenue to ₹361 crore, but it was the 73% surge in net profit to ₹57.5 crore that caught attention. Ebitda margins expanded significantly to 26.2% from 17.9% last year, underlining strong operational efficiency.

Lloyds Metals and Energy: Revenue Decline, Capital Raise

Lloyds Metals reported a 23.5% decline in revenue and a 27% fall in net profit for Q4FY25. Ebitda margins contracted to 21.2%. However, the board’s approval to raise up to ₹5,000 crore via bonds and securities suggests a strategic push towards funding future growth initiatives.

Poonawalla Fincorp: Profitability Hit Despite Asset Growth

Poonawalla Fincorp’s net profit dropped sharply by 81.2% YoY to ₹62.3 crore, missing estimates, largely due to one-time operational expenses and accelerated provisioning earlier in the year. Nonetheless, assets under management expanded by 43% to ₹35,631 crore, indicating underlying business momentum.

RBL Bank and IDFC First Bank: Asset Quality Concerns Surface

RBL Bank's net profit fell 81% YoY to ₹69 crore, impacted by a narrowing net interest margin and higher provisioning. Similarly, IDFC First Bank reported a 58% drop in net profit to ₹304 crore, with deterioration in the microfinance portfolio weighing on performance. Both banks could face pressure today amid asset quality concerns.

Apollo Tyres: Europe Operations Under Review

Apollo Tyres’ Netherlands subsidiary, ATNL, has initiated consultations with its Works Council to potentially discontinue tyre production at its Enschede plant by 2026. Any material decision on this front could influence the stock in the coming sessions.

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