The Indian stock market is likely to see stock-specific action today, August 6, as several companies have announced their Q1 earnings, signed key deals, or received regulatory clearances. Here’s a quick look at the stocks that could be in focus:
Bharti Airtel
The telecom major posted largely in-line Q1 results. Notably, its India mobile business revenue rose 2.9% on a sequential basis.
Defence Sector Companies
Defence-related stocks may see movement as the Defence Acquisition Council has cleared proposals worth ₹67,000 crore.
Lupin
The pharma company beat expectations in Q1. US sales grew 22% year-on-year, and its operating margin improved to 27.6% from 22% a year ago.
Cummins India
Cummins Plc reported a 1% decline in revenue from all Indian entities, a smaller drop compared to the 14% fall in the previous quarter.
PB Fintech
As per reports, the company has acquired the pension advisory platform Pensionbazaar.com.
Container Corporation of India (CONCOR)
The company’s EXIM (export-import) business revenue rose 6% year-on-year. Consolidated profit also improved by 3% over the same period.
IRCTC
The Reserve Bank of India has granted approval for IRCTC Payments to operate as an online payment aggregator.
Gland Pharma
Q1 performance came in ahead of estimates, driven by a 29% year-on-year rise in revenue from its Europe business.
Sheela Foam
The company reported a 27.5% rise in EBITDA for the quarter. Margins stood at 9.16%, up from 7.28% last year.
Astra Microwave
The firm secured an order worth ₹135 crore from the Defence Research and Development Organisation (DRDO).
Updater Services
EBITDA declined 4% year-on-year, with margins narrowing to 5.6% from 6.26%.
HG Infra
The company received a Letter of Acceptance (LoA) for building an integrated material handling facility at the Naval Dockyard in Mumbai.
CCL Products
Strong operational performance in Q1: revenue surged 36.5% and EBITDA increased by 23% year-on-year.
Britannia
Q1 results were below expectations. Gross margin dropped 310 basis points, while volume growth came in at 2%, compared to market expectations of 4–5%.
Torrent Power
Muted performance in Q1, with margins slipping to 18.7% from 20.6% a year ago.
Gujarat Gas
Volumes were down 19% and revenue fell 5.5% on a quarter-on-quarter basis.
Bharti Hexacom
Posted a soft Q1. EBITDA declined 2.5% sequentially.
NCC
EBITDA was down 4.3% and net profit dropped 8.4% year-on-year.
Godawari Power
Reported a 21% drop in EBITDA. Margins came in at 25.7%, down from 31.8% last year.
Automotive Axles
EBITDA declined by 2.6%, while margins remained flat on a year-on-year basis.
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