The Indian equity market is expected to open flat with a positive bias on Friday, following a holiday on Thursday. The GIFT NIFTY futures indicate that the NIFTY50 index will open 14 points higher. In the overnight trade, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite rose 0.21%, 0.63%, and 1.52%, respectively.
Several companies are scheduled to announce their Q4 results today, including City Union Bank, Deep Industries, Aether Industries, and Godrej Properties. Eternal Ltd, the parent company of Zomato and Blinkit, reported a consolidated net profit of ₹39 crore for the fourth quarter, down from ₹175 crore in the year-ago period. The company also announced that it is shutting down its Zomato Quick and Everyday businesses.
Adani Enterprises reported a 7.5x jump in its fourth quarter net profit, driven by a one-time gain from the sale of its stake in a consumer goods venture. Adani Ports and Special Economic Zone (APSEZ) reported a 50% jump in its March quarter net profit, citing strong growth in port volumes and logistics business.
In the automotive sector, Mahindra & Mahindra reported a 19% year-on-year increase in overall auto sales to 84,170 units in April. Maruti Suzuki India reported a 7% increase in total sales to 1,79,791 units in April, while TVS Motor Company reported a 16% year-on-year increase in overall sales to 4,43,896 units in April.
Other companies that reported their results include JSW Energy, Tata Motors, Hyundai Motor India, Sundram Fasteners, Dixon Technologies, Indus Towers, Federal Bank, JSW Infra, Coromandel International, Bandhan Bank, Paras Defence, and Indian Oil Corporation. Indian Oil Corporation reported a 152% increase in its standalone net profit at ₹7265 crore for the quarter ending March 31, 2025.
Key highlights from the day’s results include:
* Adani Enterprises’ net profit jumps 7.5x to ₹3,845 crore
* APSEZ’s net profit rises 50% to ₹3,025 crore
* Mahindra & Mahindra’s auto sales increase 19% to 84,170 units in April
* Maruti Suzuki India’s total sales rise 7% to 1,79,791 units in April
* Indian Oil Corporation’s net profit increases 152% to ₹7265 crore
* Bandhan Bank’s net profit surges over five-fold to ₹318 crore
* Coromandel International’s net profit jumps over 3-fold to ₹578.46 crore
Overall, the market is expected to remain positive, driven by strong results from several companies and a positive trend in the global markets. However, investors will be closely watching the Q4 results of several companies, including those in the automotive and banking sectors, for cues on the market’s direction.