By Soumya Ranjan JSW signs a deal; United Spirits surpasses projections; Persistent reports 23 quarters of growth but a decline in profit. Before Wednesday’s trading session, keep an eye on these stocks.
JSW Energy
JSW Thermal Energy Two Ltd, a subsidiary of the company, has entered into a power purchase agreement with West Bengal State Electricity Distribution Company Limited for a greenfield 1,600 MW thermal power project at Salboni, West Bengal. The plant will be fueled by domestic linkage coal under the SHAKTI B (iv) policy and will be secured through competitive bidding. The project will consist of two 800 MW units that will be commissioned within six years.
United Spirits Ltd
The Diageo-controlled company reported a profit of ₹529 crore and revenue of ₹3,683 crore, both ahead of CNBC-TV18 poll expectations, while EBITDA at ₹618 crore missed estimates and margins slipped to 16.8%. On a year-over-year basis, profit increased 11.8% and revenue grew 7.3%, with EBITDA up 5.1% though margins softened from the previous year.
Persistent Systems
Revenue increased 5.5% sequentially to ₹3,778.2 crore and dollar revenue increased 4% QoQ to $422.5 million in Q3 FY26, the company’s 23rd consecutive quarter of revenue expansion. However, profitability was strained by a one-time labor code impact of ₹89 crore, which reduced EBITDA margin to 14.4% from 16.3% in the previous quarter and resulted in a 6.7% QoQ decline in net profit to ₹439.4 crore; the board announced an interim dividend of ₹22 per share.
AU Small Finance Bank
Driven by robust increase in core income, the bank reported a good operating performance in Q3 FY26, with net profit increasing 26.3% year over year to ₹667.6 crore. Strong loan growth and strong margins helped net interest income rise 26.3% year over year to ₹2,341.3 crore, while asset quality somewhat improved, with net NPAs remaining stable at 0.88% and gross NPAs easing to 2.30% sequentially.
Power Grid Corporation of India Ltd
According to the business, investment plans totaling around ₹914 crore for the purchase of cold spare transformers and reactors have been authorized by its Committee of Directors on Investment on Projects. The projects, including a ₹401.88 crore proposal approved at the 51st meeting of the Western Regional Power Committee, were approved in a meeting on January 20 and will be implemented within 30 months.
Supreme Petrochem
In the midst of a severe downturn in commercial activity, the company reported a dramatic decline in Q3 performance, with net profit falling 80% year over year to ₹30.6 crore. Operating margins decreased to 8% from 8.9% a year earlier, while revenue for the December quarter plunged 66% to ₹1,280.9 crore and EBITDA fell 70% to ₹102 crore.
Disclaimer: This narrative is solely intended for educational reasons. The opinions and suggestions expressed above are not those of the Times of Dalal Street, but rather those of specific analysts or broking firms. Before making any financial decisions, we suggest investors to consult with qualified specialists.
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