The Indian stock market witnessed significant corporate developments on January 13, with major IT companies releasing their quarterly results and several firms announcing strategic initiatives. The day's focus centered on earnings announcements, fundraising activities, and major project wins across different sectors.

Major Q3 Earnings Results

TCS Q3 Performance

Tata Consultancy Services delivered mixed Q3 results with notable variations across key financial metrics. The company's performance reflected both growth opportunities and operational challenges during the quarter.

TCS announced substantial shareholder returns through a third interim dividend of ₹11 per share and a special dividend of ₹46 per share. The company reported an exceptional loss of ₹3,391 crore compared to nil in the previous period. The order book stood at $9.3 billion amid muted growth in North America and UK markets, while AI revenue reached $1.8 billion annualized rate with 17.3% quarterly growth.

HCL Technologies Results

HCL Technologies demonstrated strong revenue momentum despite profit pressures, showcasing resilience in a challenging market environment.

The company declared an interim dividend of ₹12 per share and revised its FY26 guidance. HCLTech updated its constant currency revenue growth guidance to 4-4.5% from the previous 3-5% range, while raising services constant currency revenue growth guidance to 4.75-5.25% from 4-5%. The EBIT margin guidance remained unchanged at 17-18%.

Corporate Developments and Strategic Initiatives

Fundraising Activities

Biocon launched its Qualified Institutions Placement (QIP) issue on January 12, with the board approving a floor price of ₹387.74 per share. According to sources, the issue size is approximately ₹4,150 crore, representing a significant capital raising initiative for the biotechnology company.

Major Project Wins and Partnerships

Sical Logistics secured a substantial contract worth ₹4,038 crore from South Eastern Coalfields for the Porda Chimtapani Open Cast project in Chhattisgarh, marking a significant business development for the logistics company.

KP Green Engineering entered into a Memorandum of Understanding with the Gujarat government for renewable energy projects worth ₹4,000 crore. The initiative involves establishing renewable energy projects with approximately 855 MW total capacity, comprising solar power projects and ISTS-connected wind-solar hybrid power projects.

Corporate Restructuring and Investment Plans

NLC India received board approval for listing its subsidiary, NLC India Renewables (NIRL), through dilution of up to 25% equity stake via public offer. The company announced an interim dividend of ₹3.60 per share for FY26, with January 16 as the record date. Additionally, the board approved investment of up to ₹66.60 crore in NLC India Renewables for funding green energy projects through joint venture companies.

Other Notable Results

Anand Rathi Wealth reported strong Q3 performance with profit surging 29.6% to ₹99.77 crore compared to ₹76.95 crore, while revenue grew 22.2% to ₹289.6 crore from ₹237 crore.

GTPL Hathway showed steady growth with profit increasing 8.2% to ₹11 crore and revenue rising 5.1% to ₹932.6 crore.

Adani Energy Solutions maintained operational efficiency with collection efficiency at 101.75% and system availability at 99.69%. The company installed 18.88 lakh new meters, bringing total smart meters to 92.5 lakh, while maintaining an order book of 2.46 crore meters with revenue potential of ₹29,519 crore.

Shares of three Indian companies experienced significant gains on January 12, 2025, following announcements of major order wins that boosted investor confidence. Shakti Pumps (India) Ltd., Tanfac Industries Ltd., and Man Industries (India) Ltd. reported substantial contract victories before market opening, leading to stock price increases of up to 6%.

Shakti Pumps Secures Major Solar Contract

Shakti Pumps announced winning a significant contract worth ₹654.00 crore, including GST, from Karnataka Renewable Energy Development Ltd. The comprehensive agreement covers the design, manufacture, supply, transport, installation, testing, and commissioning of standalone off-grid DC solar photovoltaic water pumping systems.

Shakti Pumps shares responded positively, rising 5.70% to ₹724.50 per share in early trading on Monday. However, the stock has faced challenges over the past year, declining 41% over the last 12 months.

Tanfac Industries Lands Long-Term Japanese Deal

Tanfac Industries secured a substantial seven-year supply contract with a Japanese customer for fluorinated chemicals. The agreement involves supplying 7,500 metric tonnes annually at ₹337.50 crore per annum, excluding GST.

The stock gained 3.14% to ₹4,540.00 per share during early Monday trading. Tanfac Industries has demonstrated strong performance over the past year, with shares gaining 68% during the last 12 months.

Man Industries Expands Order Book

Man Industries announced securing new orders worth ₹550.00 crore for pipes from both domestic and international customers. The company expects to execute these orders within six months, adding to its robust order pipeline.

Man Industries shares initially traded 2.80% higher at ₹361.65 per share in early Monday trading, though the stock later gave up some gains and traded little changed. The company's shares have appreciated 15% over the last 12 months, reflecting steady business growth.