Four Indian Companies See Significant Stock Surges on Strong September Quarter Earnings

Several Indian companies witnessed sharp increases in their stock prices on Tuesday, November 4, following the release of their positive September quarter earnings reports. 3M India saw its shares jump by 18% to reach new highs. The company reported a strong quarter with revenue growing 14% year-on-year to ₹1,266 crore and EBITDA increasing by 33% to ₹268 crore. Profit margins improved significantly to 21.2% from 18.1% a year ago, supported by double-digit growth across all four of its business segments: Healthcare, Consumer, Transportation & Electronics, and Safety & Industrial. Hitachi Energy India's stock gained 14% after it reported a strong profit and EBITDA performance that exceeded Bloomberg estimates, despite revenues being slightly below expectations. Higher operating income and reduced expenses contributed to the profit. The company also saw a 13.6% rise in year-on-year order inflow to ₹2,217 crore, with a substantial order backlog of ₹29,412.6 crore. TBO Tek, a travel technology firm, climbed 11%. It reported steady quarterly growth with revenue up 26% year-on-year to ₹567.5 crore and EBITDA rising 17% to ₹88.2 crore. Although net profit saw a modest 12.5% increase to ₹68 crore and margins slightly moderated, the company expects its recent acquisition of Classic Vacations to enhance its US presence and key business metrics. Thangamayil Jewellery extended its winning streak, rising nearly 30% for the week and 50% from recent lows. The jeweller reported a significant turnaround in its second quarter, posting a net profit of ₹58.5 crore compared to a loss of ₹17.4 crore in the prior year. Revenue jumped 45% to ₹1,711 crore, aided by higher gold prices and a favorable comparison base. Impact: This news is positive for the Indian stock market as strong quarterly results often boost investor confidence, leading to stock price appreciation and potentially influencing sector-specific performance. The broad-based gains suggest healthy corporate performance across different industries. Rating: 7/10. Difficult Terms: Revenue: The total income generated by a company from its normal business operations, usually from the sale of goods and services. EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure of a company's operating performance. Margins: The profit a company makes on a sale, usually expressed as a percentage of the selling price. Operating Income: Profit generated from a company's normal business operations, after deducting operating expenses. Order Inflow: The value of new orders received by a company during a specific period. Order Backlog: The total value of orders that a company has received but not yet completed or delivered. Net Profit: The profit remaining after all expenses, including taxes and interest, have been deducted from total revenue.