LTM said its Q1 performance reflected progress in executing its AI-centric strategy, with AI revenue at about $150 million on a quarterly run-rate basis
IT Services company LTM on Saturday reported a 17.1 per cent jump in its June quarter net profit to Rs 1,468.6 crore compared to the year-ago period. The company, promoted by EPC major Larsen & Toubro, had reported a net profit of Rs 1,254.6 crore in the year-ago period, and Rs 1,387.3 crore in the March quarter. Its overall revenue grew 18 per cent on-year in rupee terms to Rs 11,608 crore during the reporting quarter, and was up 2.8 per cent when compared with the March quarter. The operating profit margin climbed to 15.5 per cent, up from 14.3 per cent in Q1FY26 and 15.1 per cent in Q4FY26. Its managing director and chief executive Venu Lambu said the results reflect the progress in executing artificial intelligence-centric strategy among other aspects and termed the order book as "strong" with a healthy pipeline across sectors. "Our AI pivot is now producing tangible proof points for clients, visible in the outcomes we are creating and in the size and nature of the engagements
Earnings before interest, tax, depreciation and amortisation (Ebitda) in the first quarter of FY27 stood at ₹1,499 crore, compared with ₹1,299 crore in corresponding quarter of the previous year
L&T Finance reported a 31 per cent rise in Q1FY27 profit as strong retail loan growth, better asset quality and lower borrowing costs supported its performance
Strong infrastructure demand and a favourable base are expected to lift cement volumes in Q1 FY27, but higher fuel and input costs are likely to keep profitability under pressure
Sensex Today | Stock Market Highlights, Friday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 1.4 per cent and 1.55 per cent higher, respectively
Muthoot Microfin reported a healthy provisional business update for Q1FY27, with AUM rising 18% YoY to ₹14,457 crore, supported by continued portfolio expansion and strong disbursement momentum.
PSU Bank index logged its sharpest intra-day gain in three months on Friday. Analysts expect PSU Banks to outdo private peers on earnings front on improvement in asset quality and high credit growth.
State-owned Indian Bank on Friday posted a 10 per cent rise in net profit to Rs 3,273 crore in the first quarter of the current financial year. The Chennai-based lender had earned a net profit of Rs 2,973 crore in the same quarter of the previous fiscal. The lender's total income increased to Rs 20,724 crore during the June quarter of 2026-27 from Rs 18,721 crore in the same period of FY26, Indian Bank said in a regulatory filing. Interest earned by the bank also improved to Rs 18,090 crore, compared to Rs 16,283 crore in the year-ago period. Net Interest Income (NII) increased by 17 per cent to Rs 7,435 crore from Rs 6,359 crore in the June quarter of FY26, it said. During the period under review, its operating profit increased to Rs 5,557 crore from Rs 4,770 crore in the same quarter a year ago. The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 1.86 per cent of gross advances at the end of the June quarter from 3.01 per cent a year ..
Analysts at JM Financial Institutional Securities expect Paytm to report healthy Q1FY27 performance, led by strength in their respective core businesses.
At 09:38 AM on Friday, the Nifty IT index was the top gainer among sectoral indices, up 1.8 per cent, as compared to a 1 per cent rise in the Nifty 50.
Technical analyst at Mirae Asset Sharekhan believes that the short-term trend for TCS seems 'Neutral', but 'Bullish' from the medium-term perspective; hence expects an upside towad ₹2,500 levels.
Q1FY27 company results: Firms including L&T Finance, Elecon Engineering Company and International Travel House are also set to release their earnings today
HCL Tech Q1 results expectation: HCL Technologies will post its Q1FY27 results on July 13 after market hours. The company's board will also consider second interim dividend.
Revenue for the company grew 13.9 per cent in reported terms to Rs 72,275 crore from Rs 63,437 crore in Q1 FY26
Higher steel and aluminium prices, better realisations and firm global metal trends are expected to support Q1 FY27 earnings despite higher input costs and softer volumes
Reliance Industries, Hindalco Industries and ONGC are expected to lead the growth charts in revenue
Share price of Aether Industries hit a new high of ₹1,507.20, soaring 7% on the BSE in Thursday's intra-day trade.
Thus far in the calendar year 2026, the stock price of Thangamayil Jewellery zoomed 110 per cent, as against 7.4 per cent decline in the Nifty 50.
In the past month, Titan (up 14 per cent), Thangamayil Jewellery (28 per cent) and Sky Gold (21 per cent) logged strong gains as against a 4 per cent rise in the BSE Sensex.