Heena Ojha
Heena Ojha
Brokerage firm JM Financial noted that Adani Green's reduced arbitrage potential from its merchant and BESS portfolio could lower Ebitda by 3-5 per cent going forward.
Key constituents of Nifty Metal index, steel stocks face a challenging earnings season amid diverging domestic pricing trends and mounting global risks from China and tighter EU import restrictions.
The state-owned refiner's Q1FY27 results came under pressure due to a net loss of ₹12,264 crore in Q1FY27, compared to a profit of ₹4,110 crore in Q1FY26.
The company's net profit grew to ₹38.61 crore in Q1FY27 from ₹6.31 crore in Q1FY26.
Brokerage firm Elara highlighted Eternal's strong Q1FY27 result with healthy execution across food delivery and quick commerce despite LPG -led disruption in the food business.
The Sensex touched a low of 76,722.21, down 748 points, or 0.96 per cent. Likewise, the Nifty 50 hit an intraday low of 23,973.70, down 214 points or 0.88 per cent.
TVS Motor reported a 51 per cent increase in net profit for the first quarter to ₹1,174 crore on a year-on-year basis. Revenue for the quarter was up 38 per cent to ₹13,896 crore.
Canara HSBC Life reported a 20.15 per cent increase in net profit for the first quarter to ₹28.14 on a year-on-year basis. Net premium income rose 23.83 per cent.
Amid the ongoing West Asia linked supply issues the company has initiated pricing interventions and operating cost optimisation measures to mitigate operational pressures.
UltraTech Cement reported a 16.8 per cent increase in net profit for the first quarter to ₹2,599.3 on a year-on-year basis. Revenue for the quarter was up 15.9 per cent to ₹24,648.20 crore.
JSW Steel reported a 113 per cent y-o-y jump in consolidated profit for the first quarter to ₹4,651 crore. The steel giant's revenue increased 9.8 per cent on an annual basis.
PNB Bank reported a jump in standalone profit for the first quarter to ₹5,253 crore on a year-on-year basis. The PSU lender's operating profit rose to ₹7,519 crore for June quarter.
HDFC Bank reported a 5 per cent increase in standalone profit for the first quarter to ₹19,060 crore on a year-on-year basis. Total deposits increased 14.7 per cent Y-o-Y to ₹31.71 trillion
Swiggy shares spiked post company's entry into on-demand LPG delivery via Instamart. Analysts said the HPCL partnership expands Swiggy's quick commerce offerings, expands cross-selling opportunities.
HDFC Bank Q1 result preview: Q1 could be a mixed quarter for the lender, with analysts expecting flat NIMs. Asset quality is likely to remain steady, while loan growth may stay in double digits
Axis Bank's results will likely focus on earnings momentum amid pressure on net interest margins. Analysts expect the bank to continue reporting healthy loan growth, supported by corporate lending.
HDFC Life Insurance shares fell despite reporting a strong June quarter, with net profit rising 12 per cent year-on-year and premium income growing 14 per cent.
Banking and financial stocks led the market rally on Wednesday, ahead of upcoming Q1FY27 results from major private lenders, including HDFC Bank, Axis Bank and ICICI Bank, due over the weekend.
The company reported net profit of Rs 170.6 crore for the quarter ended June 30, 2026, marking a growth of 18.2 per cent year-on-year.
Tube Investments of India, Ashok Leyland were among the major laggards. Both counters fell over 3 per cent as the Brent price surged to $85 per barrel mark, adding pressure on auto stocks.