Aman Shukla | Business Upturn

Sun TV Q4 Results: Net profit falls 37% YoY to Rs 232 crore, revenue slips 6%

Aman Shukla — Thu, 21 May 2026 11:42:39 +0000

Sun TV Network reported a weak performance for the fourth quarter, with consolidated net profit declining 37.4% year-on-year to Rs. 232 crore compared to Rs. 370.8 crore in the corresponding quarter last year.

The company’s revenue from operations also witnessed a decline of 6.3% YoY, coming in at Rs. 883 crore against Rs. 942 crore reported in the year-ago period, reflecting pressure on the broadcasting and media business.

At the operating level, EBITDA dropped 8.9% YoY to Rs. 390.7 crore versus Rs. 428.7 crore in the same quarter last year. EBITDA margin narrowed to 44.3% from 45.5% on a YoY basis, indicating margin pressure during the quarter.

Despite maintaining strong profitability margins compared to industry standards, the decline in revenue and earnings impacted the company’s overall quarterly performance.

Sun TV Q4 Consolidated Highlights (YoY)

Net Profit: Rs. 232 crore vs Rs. 370.8 crore
Revenue: Rs. 883 crore vs Rs. 942 crore
EBITDA: Rs. 390.7 crore vs Rs. 428.7 crore
EBITDA Margin: 44.3% vs 45.5%

Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Stock market investments are subject to market risks. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions. The views and data mentioned are based on company filings and publicly available information. Past performance is not indicative of future returns. Investments in equities may result in capital loss.

VA Tech Wabag Q4 Results: Net profit jumps 29% YoY to Rs 128 crore, revenue up 22%

Aman Shukla — Thu, 21 May 2026 11:39:05 +0000

VA Tech Wabag reported strong Q4 FY26 earnings, driven by healthy growth in revenue and profitability on a year-on-year basis.

The company posted a consolidated net profit of ₹128 crore for the quarter ended March 2026, registering a growth of nearly 29% compared to ₹99.5 crore reported in the corresponding quarter last year.

Revenue from operations rose 22.3% YoY to ₹1,414.4 crore against ₹1,156.2 crore in Q4 FY25, supported by strong execution across projects and services businesses.

At the operating level, EBITDA increased 11.8% to ₹157.4 crore compared to ₹140.8 crore in the year-ago quarter. However, EBITDA margin declined to 11.1% from 12.2% due to higher operating expenses.

Profit before tax (PBT) came in at ₹169.9 crore, up 29.6% from ₹131.1 crore reported in the same quarter last year.

For the full financial year FY26, VA Tech Wabag reported total income of ₹4,038.5 crore compared to ₹3,338.6 crore in FY25, reflecting a rise of 21%.

Annual net profit surged 25.4% to ₹369.8 crore against ₹294.8 crore reported in the previous financial year.

The company’s annual profit before tax stood at ₹488.6 crore, marking a growth of 27.1% over ₹384.4 crore reported in FY25.

VA Tech Wabag continues to benefit from strong order execution and improving business momentum in the water treatment and infrastructure segment.

GMM Pfaudler Q4 Results: Net profit turns positive, revenue jumps 17% YoY to Rs 944 crore

Aman Shukla — Thu, 21 May 2026 11:01:20 +0000

GMM Pfaudler reported a strong revenue growth in the fourth quarter of FY26, while profitability remained under pressure due to lower operating margins.

The company posted a consolidated net profit of ₹17.2 crore in Q4FY26 compared to a net loss of ₹27 crore in the corresponding quarter last year, marking a sharp turnaround on a year-on-year basis.

GMM Pfaudler’s revenue from operations rose 17% YoY to ₹944 crore against ₹807 crore reported in Q4FY25, driven by improved business momentum and higher execution across segments.

However, the company’s operating performance remained weak during the quarter. EBITDA declined 9.8% YoY to ₹75.1 crore from ₹83.2 crore in the year-ago period. EBITDA margin also contracted sharply to 8% compared to 10.3% in Q4FY25, indicating pressure on profitability despite higher revenue growth.

The margin decline suggests elevated costs and operational challenges continued to impact earnings during the quarter. Investors are likely to monitor the company’s margin recovery trajectory and order inflows going forward.

Following the earnings announcement, GMM Pfaudler shares are expected to remain in focus in the upcoming trading sessions as the Street evaluates the company’s turnaround in profitability alongside margin pressure.

Nucleus Software Q4 Results: Net profit jumps 67% QoQ to Rs 34.55 crore, revenue up 2%

Aman Shukla — Thu, 21 May 2026 09:52:39 +0000

Nucleus Software Exports reported a strong set of Q4FY26 numbers with sequential improvement in profitability and operating margins. The company posted steady revenue growth on a quarter-on-quarter (QoQ) basis, while lower operating expenses supported earnings growth during the March quarter.

Revenue from operations came in at ₹224.77 crore in Q4FY26 compared to ₹220.03 crore in Q3FY26, registering a growth of 2.2% QoQ. Total income also increased to ₹239.69 crore from ₹235.15 crore in the previous quarter.

EBIT rose 4.5% QoQ to ₹30.2 crore compared to ₹28.9 crore in Q3FY26. EBIT margin improved to 13.4% from 13.1% in the December quarter.

The company reported EBITDA of ₹49.54 crore against ₹45.30 crore in Q3FY26, reflecting a growth of 9.4% sequentially. EBITDA margin expanded to 22.0% from 20.6% in the previous quarter, supported by controlled operating costs.

Net profit for the quarter stood at ₹34.55 crore compared to ₹20.70 crore in Q3FY26, marking a sharp rise of nearly 67% QoQ. Profit before tax before exceptional items rose to ₹44.61 crore from ₹43.51 crore sequentially.

During the quarter, employee benefit expenses increased to ₹151.47 crore from ₹144.86 crore, while operating and other expenses declined to ₹38.34 crore compared to ₹41.95 crore in the previous quarter. Finance costs eased to ₹0.34 crore from ₹0.50 crore QoQ.

The company also reported exceptional items worth ₹3.10 crore related to the impact of new labour codes, resulting in profit before tax after exceptional items of ₹41.51 crore versus ₹24.66 crore in Q3FY26.

For the full financial year FY26, Nucleus Software reported revenue from operations of ₹876.03 crore compared to ₹832.25 crore in FY25. Net profit for the year came in at ₹116.74 crore against ₹163 crore last year.

RateGain Travel Q4 Results: Revenue surges 174.5% YoY to Rs 715.6 crore, net profit up 28%

Aman Shukla — Thu, 21 May 2026 08:22:56 +0000

Shares of RateGain Travel Technologies are likely to remain in focus after the company reported strong Q4FY26 earnings, driven by sharp growth in revenue and profitability on a year-on-year (YoY) basis.

For the quarter ended March 2026, the company posted consolidated revenue from operations of ₹715.6 crore, compared to ₹260.7 crore in the same quarter last year, registering a massive 174.5% YoY growth.

Total income for the quarter stood at ₹718.1 crore versus ₹281.1 crore in Q4FY25, up 155.5% YoY.

The company reported profit before tax (PBT) of ₹96.2 crore in Q4FY26, compared to ₹72.4 crore in the year-ago period, reflecting a growth of 32.9% YoY. Net profit for the quarter came in at ₹70 crore, up 27.7% from ₹54.8 crore reported in Q4FY25.

The company reported EBITDA of ₹147 crore in Q4FY26, compared to ₹60.5 crore in the corresponding quarter last year, reflecting a growth of 143% YoY. However, EBITDA margin declined to 20.5% from 23.2% in Q4FY25.

On the operational front, total expenses rose sharply to ₹621.9 crore from ₹208.8 crore in the corresponding quarter last year, mainly due to higher employee benefit expenses and other operational costs amid business expansion.

For the full financial year FY26, RateGain reported revenue from operations of ₹1,823.6 crore against ₹1,076.7 crore in FY25, marking a growth of 69.4% YoY.

Annual profit before tax stood at ₹252 crore compared to ₹272.2 crore in FY25, while profit after tax came at ₹194.4 crore versus ₹208.9 crore in the previous financial year.

WeWork India Q4 Results: Net profit jumps 78% YoY to Rs 65 crore, revenue rises 27%

Aman Shukla — Thu, 21 May 2026 07:56:01 +0000

WeWork India reported a strong performance for the fourth quarter, with sharp growth in profit and steady improvement in revenue and operating performance on a year-on-year basis.

The company posted a net profit of ₹65 crore in Q4, marking a 78% increase compared to ₹37 crore reported in the corresponding quarter last year.

Revenue for the quarter rose 27% YoY to ₹705 crore, compared to ₹555 crore in the same period last year, supported by growth in workspace demand and occupancy levels.

EBITDA for the quarter came in at ₹459 crore, up 28% from ₹360 crore in the year-ago period. EBITDA margin remained largely stable at 65.1% versus 64.9% reported in the corresponding quarter last year.

The quarterly performance reflects continued growth in flexible office space demand across major business hubs, while stable margins indicate operational efficiency despite expansion and higher scale of operations.

Sudarshan Pharma approves migration to BSE main board, plans NSE listing

Aman Shukla — Thu, 21 May 2026 07:17:01 +0000

Sudarshan Pharma Industries Ltd announced that its Board of Directors has approved the migration of the company’s listing and trading from the SME Platform of BSE Limited to the Main Board of BSE, subject to shareholders’ approval.

The board also approved making an application for listing and trading of the company’s equity shares on the Main Board of National Stock Exchange of India Limited (NSE), subject to shareholders’ approval and regulatory clearances.

Further, the company approved the postal ballot notice and calendar of events for seeking members’ approval for the proposed migration from the BSE SME platform to the BSE Main Board, along with the proposed NSE Main Board listing and related matters.

The company has appointed National Securities Depository Limited (NSDL) to provide remote e-voting facilities for the postal ballot process.

Additionally, Mr. Vishal Manseta, Company Secretary in Practice, has been appointed as the scrutinizer for conducting and monitoring the e-voting process in a fair and transparent manner.

According to the company, the postal ballot notice will be sent to shareholders and stock exchanges in due course. The notice will also be available on the company’s official website and the BSE website.

Migration from the SME platform to the main board is generally considered an important milestone for companies as it may improve visibility, liquidity, and wider investor participation.

EMS stocks rally today, May 21: Exicom Tele-Systems up 20%, Amber Enterprises jumps 6.68%, Kaynes Technology rises 4.21%

Aman Shukla — Thu, 21 May 2026 06:54:41 +0000

Several Electronics Manufacturing Services (EMS) and related stocks showed positive movement on May 21, 2026, during the morning trading session. The broader market remained mildly positive, with the Nifty 50 rising 0.21% to 23,708.50 and the BSE Sensex gaining 0.07% to 75,368.33 as of the latest updates.

Top Gainers in EMS and Electronics Sector

Here are the notable price movements recorded around 12:15 PM to 12:20 PM IST:

Exicom Tele-Systems Ltd. rose sharply by 20.00% to ₹138.00 on BSE and 19.99% to ₹137.91 on NSE.
Amber Enterprises India gained 6.68% to ₹7,527.75 on BSE and 6.93% to ₹7,538.00 on NSE.
Centum Electronics increased 6.36% to ₹3,187.15 on BSE and 6.67% to ₹3,198.10 on NSE.
Kaynes Technology climbed 4.21% to ₹3,128.00 on BSE and 4.37% to ₹3,132.00 on NSE.
KSH International Ltd. rose 5.58% to ₹688.30 on BSE and 5.47% to ₹689.70 on NSE.
Quality Power Electrical Equipments Ltd. gained 5.00% to ₹1,122.05 on BSE and ₹1,121.80 on NSE.
GNG Electronics Ltd. up 4.55% to ₹445.60 on BSE.
Aimtron Electronics Ltd. (NSE) advanced 4.18% to ₹1,124.00.
Dixon Technologies gained 2.49% to ₹11,268.00 on BSE and 2.16% to ₹11,235.00 on NSE.
DCX Systems rose 3.33% to ₹200.25 on BSE.

Other stocks with gains included Fujiyama Power Systems, Powerica Ltd., PG Electroplast, Syrma SGS Technology, and Whirlpool of India.

Stocks That Declined

Epack Durable Ltd. fell 7.60% to ₹239.05 on both BSE and NSE.
Saatvik Green Energy Ltd. declined 5.05% to ₹432.30 on BSE.
Bajaj Electricals was down 0.80% to ₹340.80 on BSE.
Minor declines were seen in Havells India, Symphony, and Yash Highvoltage Ltd.

Other Notable Movements

Avalon Technologies, Cyient DLM, Rashi Peripherals, and Rishabh Instruments showed modest gains between 0.17% and 1.72%.
Polycab India and Premier Energies remained nearly flat with marginal changes.
LG Electronics India and Vidya Wires recorded small positive moves.

Data Source Note: BSE prices as of 12:15:00 PM and NSE prices as of 12:19:59 PM on May 21, 2026. Prices are subject to change and reflect intraday trading.

This update covers the performance of key EMS, electronics, and related manufacturing stocks on May 21, 2026. Investors are advised to track official exchange data and company-specific developments for the latest information.

JSW Cement Q4 Results: Net profit soars nearly 10x YoY to Rs 371.3 crore, EBITDA rises 52%

Aman Shukla — Thu, 21 May 2026 06:29:19 +0000

JSW Cement reported a strong set of fourth-quarter earnings, driven by healthy revenue growth, sharp operating margin expansion, and a significant tax write-back during the quarter.

The company posted a net profit of ₹371.3 crore in Q4, compared to ₹34.2 crore in the same period last year, marking a surge of nearly 986% YoY. The sharp rise in profitability was also supported by a tax write-back of ₹147 crore, against a tax expense of ₹59.5 crore reported a year ago.

Revenue for the quarter rose 11% YoY to ₹1,895 crore, compared to ₹1,709.4 crore in the corresponding quarter last year, reflecting steady business growth.

At the operating level, EBITDA increased 52% YoY to ₹365 crore from ₹240 crore last year. EBITDA margin improved significantly to 19.3% from 14.0%, indicating better operational efficiency and improved cost management.

Full-Year FY26 Performance

For FY26, JSW Cement reported revenue from operations of ₹6,512.46 crore, up 12% from ₹5,813.07 crore in FY25.

However, the company posted a net loss of ₹798.78 crore for the full year, compared to a net loss of ₹163.76 crore in FY25, largely due to exceptional items amounting to ₹1,504.48 crore during the year.

Lenskart Q4 Results: What worked for the company and what do brokerages say as stock surges today

Aman Shukla — Thu, 21 May 2026 04:32:29 +0000

Shares of Lenskart rallied sharply over 6% in early trade on May 21 after the company reported a strong set of Q4FY26 earnings, supported by robust revenue growth, margin expansion and improving profitability across domestic and international operations.

As of 10:00 AM IST, Lenskart shares were trading near the day’s high after opening at ₹513 compared to the previous close of ₹486.85. The stock touched an intraday high of ₹517 and a low of ₹490 during the session. The counter has a 52-week high of ₹557.65 and a 52-week low of ₹356.10. Live traded volume stood at over 1.61 crore shares.

What worked for Lenskart in Q4FY26

According to brokerage firm Motilal Oswal Financial Services, Lenskart delivered a “massive” earnings beat in the March quarter, driven by strong execution and operating leverage.

The brokerage highlighted that revenue rose around 41% year-on-year in Q4FY26, while pre-Ind AS EBITDA doubled compared to the same period last year. Growth was supported by strong volume expansion, premiumisation, richer product mix and better operating efficiencies.

Motilal Oswal said FY26 marked a major step-up year for the eyewear company, with annual revenue growth accelerating to nearly 32% YoY versus 23% growth in FY25. EBITDA reportedly surged around 96% during the year, alongside nearly 370 basis points of margin expansion.

The brokerage noted that higher store density, backward integration, supply-chain efficiencies and technology-led execution are helping incremental revenues translate into stronger EBITDA and profit growth.

Another key positive highlighted by the brokerage was improving profitability in Lenskart’s international business, which is scaling up faster than expected and strengthening the company’s long-term earnings outlook.

Brokerages remain bullish on Lenskart

Motilal Oswal reiterated its “Buy” rating on Lenskart and raised its target price to ₹650, implying a potential upside of around 34% from current levels.

The brokerage termed the stock a “high conviction buy” and said the company appears to be entering a structural compounding phase supported by sustained growth visibility and improving margins.

Management has also reiterated its long-term EBITDA margin aspiration of around 25%, which the brokerage believes leaves room for further earnings compounding as operating scale improves.

Following the strong quarterly performance, Motilal Oswal increased its FY27 and FY28 EBITDA estimates by around 15% and 10%, respectively, citing stronger growth visibility and operational efficiency gains across both domestic and international markets.

Disclaimer: This article is for informational purposes only and should not be construed as investment advice, stock recommendation, or financial guidance. Stock market investments are subject to market risks, including volatility and economic uncertainties. Readers are advised to consult a qualified financial advisor before making any investment decisions. The views and data mentioned are based on publicly available information and company-reported financial results. Past performance is not indicative of future returns.

Action Construction Equipment shares fall over 3% after Q4 profit declines 6.5% YoY to Rs 111 crore

Aman Shukla — Thu, 21 May 2026 04:20:00 +0000

Shares of Action Construction Equipment fell more than 3% in early trade on May 21 after the company reported a mixed set of consolidated fourth-quarter results, with net profit declining despite steady revenue growth.

At around 9:47 AM IST, Action Construction Equipment shares were trading near Rs 867, down over 3% from the previous close of Rs 896.85. The stock opened at Rs 889.05 and touched an intraday low of Rs 867.00 during the session. The stock’s 52-week high stands at Rs 1,389.00, while the 52-week low is Rs 745.10. Live traded volume stood at 1.88 lakh shares.

For the March quarter, the company reported consolidated revenue of Rs 1,029 crore, up 7.1% year-on-year compared to Rs 961 crore in the corresponding quarter last year.

EBITDA rose 5.3% to Rs 172 crore from Rs 164 crore a year ago. However, EBITDA margin narrowed to 16.7% from 17.0%, indicating some pressure on operating profitability.

Net profit for the quarter declined 6.5% year-on-year to Rs 111 crore versus Rs 119 crore reported in the same period last year.

The decline in profit and slight contraction in margins appeared to weigh on investor sentiment despite the company reporting higher revenue growth during the quarter.

Why are Honeywell Automation shares up over 8% today? Explained

Aman Shukla — Thu, 21 May 2026 04:12:02 +0000

Shares of Honeywell Automation India rallied more than 8% in early trade on Thursday after the company reported a steady set of fourth-quarter results for FY26, supported by growth in revenue and profitability.

As of 9:40 AM, Honeywell Automation shares were trading sharply higher after touching an intraday high of Rs 33,095 on the NSE. The stock opened at Rs 31,500 against the previous close of Rs 30,180. During the session, the stock hit a low of Rs 31,385.

For the March quarter, the company reported revenue of Rs 1,181 crore, up 6.0% year-on-year from Rs 1,115 crore in the corresponding quarter last year.

EBITDA rose 16.0% to Rs 184.8 crore compared to Rs 159.4 crore in the year-ago period. EBITDA margin improved to 15.7% from 14.3% on a yearly basis, indicating better operational performance during the quarter.

Net profit for the quarter increased 14.2% to Rs 160 crore versus Rs 140 crore reported in the same period last year.

The strong movement in the stock price came after investors reacted positively to the improvement in margins and profit growth despite moderate revenue expansion. Market participants will continue to track demand trends in the industrial automation and building technologies segments going forward.

On the technical front, the stock remains below its 52-week high of Rs 41,450, while the 52-week low stands at Rs 26,220.

Disclaimer: Investments in securities are subject to market risks, price volatility, and economic uncertainties. This article is for informational purposes only and should not be construed as investment advice, stock recommendation, or financial guidance. Readers are advised to conduct their own research, evaluate their risk appetite, and consult qualified financial advisors before making any investment decisions. Past performance is not indicative of future returns. The publication and author are not responsible for any losses arising from investment decisions based on this content.

IGI shares rally sharply over 6% today as Q4 revenue jumps 20.9% YoY to Rs 369, net profit up 27.6%

Aman Shukla — Thu, 21 May 2026 04:07:25 +0000

Shares of International Gemmological Institute (IGI) rallied more than 6% in early trade on May 21 after the company reported a strong set of March quarter (Q4FY26) earnings, supported by healthy growth in revenue and profitability.

As of 9:34 AM, IGI shares were trading near the day’s high after opening at Rs 359 against the previous close of Rs 352.30. The stock touched an intraday high of Rs 375.80 and a low of Rs 359.00. Live trading volume stood at over 17.02 lakh shares.

IGI reported a 20.9% year-on-year rise in consolidated revenue to Rs 369 crore in Q4FY26, compared to Rs 305 crore in the corresponding quarter last year. EBITDA increased 20.5% to Rs 236 crore from Rs 196 crore a year ago.

The company’s EBITDA margin remained largely stable at 64.0% versus 64.2% in the year-ago quarter, indicating steady operational performance despite higher scale. Net profit for the quarter rose 27.6% year-on-year to Rs 180 crore, compared to Rs 141 crore reported in Q4FY25.

The sharp move in the stock came as investors reacted positively to the company’s earnings growth and stable margins. IGI shares have traded between a 52-week low of Rs 287 and a 52-week high of Rs 442.

Market participants will continue to track management commentary, certification demand trends, and margin sustainability in the coming quarters.

Parle Industries shares hit another 5% upper circuit today as viral ‘Melodi’ trend fuels investor interest

Aman Shukla — Thu, 21 May 2026 04:00:50 +0000

Shares of Parle Industries hit another 5% upper circuit on Thursday after a viral moment involving Prime Minister Narendra Modi and Italian Prime Minister Giorgia Meloni reignited the popular “Melodi” trend across social media platforms.

The rally in the stock came after a light-hearted video surfaced online during PM Modi’s visit to Italy. In the clip, Modi was seen gifting a packet of Melody toffees to Meloni, which many social media users linked to the widely used “#Melodi” phrase referring to the two leaders.

Meloni later shared the video on social media platform X with the caption, “Thank you for the gift.” In the clip, she was also heard saying, “He gifted… a very, very good toffee,” following which both leaders shared a laugh.

The video quickly gained traction online, attracting lakhs of views, comments and reactions. Soon after the viral clip spread across social media, buying interest surged in Parle Industries shares, pushing the stock to another upper circuit limit.

However, there is an important clarification for investors. Parle Industries is not the maker of Melody toffees. The popular Melody candy brand is associated with Parle Products, a separate privately held FMCG company, and has no direct link with the listed entity Parle Industries.

Market participants often witness such momentum-driven moves in stocks when companies with similar names become associated with trending events or viral discussions online. Investors generally track such developments carefully before taking investment decisions.

Disclaimer: This article is generated for informational purposes only and does not constitute financial, investment, or trading advice. The data and analysis presented are based on publicly available market information at the time of writing. Markets are subject to risk. Please consult a qualified financial advisor before making any investment or trading decisions. Business Upturn does not accept responsibility for any losses arising from reliance on this content.

Sanghvi Movers shares rally over 9% after Q4 profit jumps 28% YoY to Rs 68.8 crore, revenue up 31% YoY

Aman Shukla — Thu, 21 May 2026 03:51:13 +0000

Shares of Sanghvi Movers rallied more than 9% in early trade on May 21 after the company reported strong growth in revenue and profit for the March quarter (Q4FY26).

As of 9:19 AM, Sanghvi Movers shares were trading near the day’s high after opening at ₹351.75 compared to the previous close of ₹322.10. The stock touched an intraday high of ₹356.75 and a low of ₹342.30. Live traded volume stood at over 5.02 lakh shares.

The company reported consolidated revenue of ₹351 crore for Q4FY26, up 31.4% from ₹267 crore in the corresponding quarter last year. EBITDA increased 25.5% year-on-year to ₹134 crore from ₹107 crore.

EBITDA margin came in at 38.2% compared to 40.0% in the year-ago period, indicating a marginal decline in operating margin despite higher earnings growth.

Net profit rose 27.8% to ₹68.8 crore in the March quarter, compared to ₹53.8 crore reported in the same period last year.

The strong quarterly performance supported investor sentiment, pushing the stock sharply higher in morning trade. However, the stock still remains below its 52-week high of ₹411.90. Its 52-week low stands at ₹223.80.

Disclaimer: The information provided in this article is for informational and educational purposes only and should not be considered as investment advice, stock recommendation, or financial guidance. Stock market investments are subject to market risks, including volatility and loss of capital. Readers are advised to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Past performance of stocks or companies does not guarantee future returns or performance.

Why are Jubilant FoodWorks shares falling over 6% today? Explained

Aman Shukla — Thu, 21 May 2026 03:46:25 +0000

Shares of Jubilant FoodWorks came under selling pressure in early trade on Thursday after the company reported its March quarter (Q4FY26) results. The stock fell more than 6% as investors reacted to the decline in quarterly profit despite growth in revenue and operating performance.

As of 9:15 AM, Jubilant FoodWorks shares were trading lower after opening at ₹449.30 against the previous close of ₹472.55. The stock touched an intraday low of ₹441.40 and a high of ₹449.30 during early trading. Live trading volume stood at 5,40,509 shares.

The company reported a 6.4% year-on-year increase in revenue for the quarter at ₹1,679.7 crore, compared to ₹1,579 crore in the corresponding quarter last year. EBITDA rose 11.5% to ₹345 crore from ₹309 crore a year ago.

EBITDA margin improved to 20.5% in Q4FY26 from 19.6% in the year-ago period, indicating better operational efficiency during the quarter.

However, net profit declined 13.9% year-on-year to ₹42.6 crore against ₹49.5 crore reported in the same period last year. The fall in profitability weighed on investor sentiment, leading to weakness in the stock price during early trade.

On the technical front, the stock remains significantly below its 52-week high of ₹718.95, while its 52-week low stands at ₹408.80.

Disclaimer: This article is for informational purposes only and should not be considered investment advice. Investors are advised to consult certified financial advisors before making any investment decisions.

Ola Electric shares falls over 3% after Q4 revenue falls 50% YoY to Rs 265 crore

Aman Shukla — Thu, 21 May 2026 03:45:04 +0000

Shares of Ola Electric declined more than 3% in early trade after the company reported a weak performance for the fourth quarter of FY26, with revenue witnessing a sharp year-on-year decline despite a reduction in losses.

The electric vehicle maker posted Q4 revenue of ₹265 crore, marking a decline of nearly 57% compared to ₹611 crore reported in the corresponding quarter last year. The sharp drop in topline highlights continued pressure on demand, increasing competition in India’s electric two-wheeler segment, and operational headwinds during the quarter.

Despite weaker revenue performance, the company reported an improvement in profitability metrics on a yearly basis. Net loss for the quarter narrowed to ₹500 crore from ₹870 crore in the same period last year.

EBITDA loss also improved significantly during the quarter. The company reported negative EBITDA of ₹281 crore compared to a negative ₹690 crore in the year-ago quarter, indicating better cost management and improved operational efficiency.

Market participants are closely monitoring Ola Electric’s ability to improve vehicle deliveries, strengthen margins, and sustain growth amid rising competition from established and emerging electric vehicle manufacturers in India.

Disclaimer

The above article is for informational purposes only and should not be considered investment advice. Investors are advised to consult certified financial advisors before making investment decisions.

Stocks to watch today on brokerages: Ola Electric, Apollo Hospitals, BPCL, Jubilant FoodWorks in focus on May 21

Aman Shukla — Thu, 21 May 2026 02:49:14 +0000

Several stocks are expected to remain in focus on May 21 after major global brokerages revised ratings, target prices, and outlooks following recent quarterly earnings and business updates. Companies such as Ola Electric, Apollo Hospitals Enterprise, BPCL, Jubilant FoodWorks, Samvardhana Motherson and PI Industries saw fresh commentary from brokerages including Macquarie, HSBC, Jefferies, CLSA, Citi, and Nomura.

Apollo Hospitals

Macquarie maintained an “Outperform” rating on Apollo Hospitals Enterprise with a target price of ₹6,230. The brokerage said the company’s Q4 revenue, EBITDA and adjusted PAT came in slightly above consensus expectations. EBITDA margin stood at 15.3%, beating estimates by 58 basis points.

The brokerage also highlighted Apollo’s announced merger of its Mother & Child and Fertility care businesses with Cloudnine. The transaction values Apollo’s businesses at ₹15.5 billion and includes a mix of cash and equity stake in the combined entity.

Ola Electric

Brokerages remained cautious on Ola Electric despite management commentary around demand recovery and margin expansion.

HSBC maintained a “Reduce” rating and cut the target price to ₹33, citing weak volume growth and delays in battery cell production scaling. The brokerage said these delays may reduce a key competitive advantage for the company.

Citi retained a “Sell” rating with a target price of ₹26. The brokerage noted that Q4 performance was below estimates due to lower average selling prices. However, it acknowledged improvement in gross margins and the company’s focus on cost reduction and cash flow generation. Citi added that EBITDA could remain under pressure if volumes fail to improve meaningfully.

Samvardhana Motherson

Jefferies maintained a “Buy” rating on Samvardhana Motherson with a target price of ₹160. The brokerage expects a 26% EPS CAGR over FY26-28 and highlighted strong EBITDA growth during Q4. It also expects recent acquisitions and expansion into electronics and aerospace businesses to support future growth.

CLSA maintained an “Outperform” rating with a target price of ₹173. The brokerage said Q4 EBITDA margins came in higher than estimates, while revenue growth was supported by strong traction in emerging businesses such as aerospace and consumer electronics.

Jubilant FoodWorks

Jubilant FoodWorks also remained in focus after mixed Q4 commentary from brokerages.

HSBC downgraded the stock to “Hold” and cut estimates, citing moderation in like-for-like growth and inflation-related concerns. The brokerage noted that near-term growth may depend heavily on activation-led demand.

CLSA maintained an “Outperform” rating with a target price of ₹520, highlighting margin improvement and better-than-expected EBITDA margins. The brokerage said discontinuation of Dunkin operations could support margins further.

Jefferies retained a “Buy” rating but reduced the target price to ₹600 from ₹850. It noted that flat same-store sales growth and cautious margin commentary indicate that a broader turnaround may still take time.

BPCL

Nomura maintained a “Buy” rating on Bharat Petroleum Corporation with a target price of ₹365. The brokerage expects strong gross refining margins in Q4FY26 driven by inventory gains and higher cracks. It also said key projects under implementation could support the next growth cycle.

Jefferies also maintained a “Buy” rating with a target price of ₹415. The brokerage highlighted inventory gains and attractive valuations compared to peers, though it flagged challenges including higher freight costs, crude premiums and currency depreciation.

PI Industries

Jefferies maintained a “Buy” rating on PI Industries with a target price of ₹3,575 despite weaker-than-expected EBITDA and PAT. The brokerage expects growth recovery in FY27 supported by new molecules and a favourable base.

HSBC maintained a “Hold” rating with a target price of ₹3,000, citing continued weakness in core businesses and pressure on EBITDA margins due to higher overheads.

Disclaimer: The views and recommendations shared above are those of individual brokerages and analysts. Investors should consult certified financial advisors before making investment decisions.

Corporate actions today, May 21: GM Breweries, ITC Hotels, AVG Logistics, Pearl Global Industries in focus

Aman Shukla — Thu, 21 May 2026 02:47:44 +0000

Several companies are set to remain in focus today, May 21, 2026, due to key corporate actions including dividend payouts and a rights issue announcement. Stocks such as AVG Logistics, GM Breweries, ITC Hotels, and Pearl Global Industries will trade ex-date today.

AVG Logistics Ltd has announced a rights issue of equity shares in the ratio of 8:33 at a premium price of ₹135 per share. The ex-date and record date for the rights issue fall on May 21, 2026.

GM Breweries Ltd will trade ex-dividend today for its final dividend of ₹9 per share. The company has fixed May 21, 2026, as both the ex-date and record date for the dividend payout.

ITC Hotels Ltd is also in focus as the company trades ex-dividend for a final dividend of Re 1 per share. The ex-date and record date have been scheduled for May 21, 2026.

Pearl Global Industries Ltd will trade ex-dividend today for its interim dividend of ₹8.50 per share. The company has fixed May 21, 2026, as the ex-date and record date for the corporate action.

Corporate actions such as dividends and rights issues are closely tracked by investors as they impact stock prices, shareholder eligibility, and overall market activity on the ex-date.

Top stocks for trade today, May 21: Ola Electric, Aditya Birla Capital, Jubilant FoodWorks, Apollo Hospitals, Glenmark Pharma and more

Aman Shukla — Thu, 21 May 2026 02:44:52 +0000

Several companies are likely to remain in focus on May 21 following quarterly earnings, fundraising announcements, order wins, project developments, and business updates.

Ola Electric

Shares of Ola Electric will remain in focus after the company reported a sharp decline in fourth-quarter revenue, although losses narrowed year-on-year.

The company posted Q4 revenue of ₹265 crore, down 57% YoY. Net loss narrowed to around ₹500 crore compared to the year-ago period.

Aditya Birla Capital

Aditya Birla Capital said its board approved a preferential issue of equity shares worth ₹4,000 crore to promoter Grasim Industries, Aditya Birla Group entity Suryaja Investments Pte. Ltd., Singapore, and the International Finance Corporation (IFC).

The company said the fundraising will support future growth plans and strengthen its capital base.

Bosch India

Bosch India reported a strong set of fourth-quarter earnings driven by higher demand in the automotive sector, especially in two-wheelers and passenger vehicles.

The company’s Q4 net profit rose 3% year-on-year to ₹568 crore, while revenue increased 13% YoY.

Glenmark Pharma

Glenmark Pharmaceuticals will be in focus after Ichnos Glenmark Innovation, Inc. (IGI) announced a new development candidate, ISB 2301, for the potential treatment of multiple solid tumour indications.

IGI said ISB 2301 is a multispecific immune cell activator targeting tumour-associated antigens in oncology.

Dr Reddy’s Laboratories

Dr. Reddy’s Laboratories announced the launch of its oral semaglutide biosimilar in India under the brand name Obeda.

The product is indicated for the treatment of type 2 diabetes mellitus.

Honeywell Automation India

Honeywell Automation India reported a 14.2% YoY rise in consolidated net profit to ₹160 crore in Q4FY26, compared with ₹140 crore in the year-ago period.

RVNL

Rail Vikas Nigam emerged as the lowest bidder (L1) for an East Coast Railway project worth around ₹164 crore.

Apollo Hospitals

Apollo Hospitals Enterprise reported a 36% YoY rise in fourth-quarter profit to ₹529 crore.

The company’s revenue crossed ₹6,600 crore for the first time during the quarter.

JK Lakshmi Cement

JK Lakshmi Cement reported a 138% YoY jump in Q4 net profit to ₹138 crore, while revenue increased marginally by 0.2% YoY. Margins also improved sharply during the quarter.

Puravankara

Puravankara said its subsidiary secured a Bengaluru project contract worth ₹133 crore.

H.G. Infra Engineering

H.G. Infra Engineering said it has excluded Maharashtra State Road Development Corporation (MSRDC) expressway projects worth ₹4,142 crore from its executable order book due to uncertainty related to execution.

Jubilant FoodWorks

Jubilant FoodWorks reported a 67% YoY rise in net profit for Q4FY26, while operating margin expanded by 70 basis points.

Protean eGov Technologies

Protean eGov Technologies reported a 49% YoY increase in Q4 net profit to ₹30.38 crore, while revenue rose 38% YoY.

Capacit’e Infraprojects

Capacit’e Infraprojects reported an 11% YoY decline in Q4 net profit to ₹46.7 crore, although revenue increased 6% YoY.

Whirlpool of India

Whirlpool of India reported a 33% YoY decline in fourth-quarter net profit to ₹80.5 crore, while revenue rose 8.79% YoY.

TeamLease Services

TeamLease Services reported steady Q4 earnings and announced a share buyback worth up to ₹238 crore.

The company’s board approved the buyback of up to 14.87 lakh equity shares at ₹1,600 per share through the tender offer route.

Arvind SmartSpaces

Arvind SmartSpaces reported a consolidated net profit of ₹42.3 crore for Q4FY26, up 121.5% from ₹19.1 crore in the corresponding quarter last year.

Pace Digitek

Pace Digitek received an advance work order worth ₹264.65 crore from BSNL for the BharatNet middle-mile and last-mile network project in the Sikkim Telecom Circle.

JK Cement

JK Cement said it received a Letter of Intent from the Government of Andhra Pradesh for the grant of a mining lease for the Dommarnandyala block-3 limestone block.

Asian markets update today, May 21: KOSPI surges 6%, NIKKEI jumps 3.54%, Shenzhen up 1.95%

Aman Shukla — Thu, 21 May 2026 02:30:24 +0000

Asian stock markets traded largely higher on May 21, with strong gains seen across key regional indices including Japan’s Nikkei, South Korea’s Kospi, and Taiwan markets. Investors tracked broader regional sentiment as several benchmark indices closed in positive territory.

Japan’s Nikkei index surged 3.54% to close at 61,923.78, marking one of the strongest performances among major Asian markets during the session. South Korea’s Kospi also recorded a sharp rally, rising 6.59% to 7,683.79.

Taiwan markets witnessed significant buying activity, with the Taiwan Weighted Index climbing 3.4% to 41,382.14. Australia’s ASX 200 advanced 1.68% to settle at 8,639.

In China, the Shanghai Composite Index gained 0.83% to 4,196.925, while the Shenzhen Component Index rose 1.95% to 15,872.991. Hong Kong’s Hang Seng Index also traded higher, adding 0.44% to reach 25,763.56.

Elsewhere in the region, New Zealand’s NZX 50 increased 0.37% to 12,807.74, while Singapore’s STI edged up 0.39% to 5,064.71. The SGX-CNBC China Growth Index gained 1.11% to 1,728.669.

Malaysia’s benchmark index was the only major market in negative territory among the listed indices, slipping 0.05% to 1,716.78.

Disclaimer: The market data and index movements mentioned above are for informational purposes only and do not constitute financial or investment advice. Market conditions can change rapidly, and investors should conduct their own research or consult a qualified financial advisor before making any investment or trading decisions in the stock market.

Jubilant FoodWorks shares in focus today after Q4 revenue growth slows to 2-year low; Misses street estimates

Aman Shukla — Thu, 21 May 2026 02:30:18 +0000

Shares of Jubilant FoodWorks are likely to remain in focus on Thursday after the company reported a mixed set of earnings for the March quarter (Q4FY26). The operator of Domino’s Pizza in India posted a decline in quarterly profit for the first time in five quarters, while revenue growth slowed to a two-year low and missed Street expectations.

The company’s standalone net profit for Q4FY26 declined 14% year-on-year to ₹42.5 crore, compared to ₹49.4 crore reported in the same quarter last year. The figure also came in below analyst estimates of ₹46.8 crore.

Revenue from operations rose 6.4% YoY to ₹1,680 crore against ₹1,579 crore in the year-ago quarter. However, the topline missed Street expectations of ₹1,813 crore. On a sequential basis, profit dropped more than 21%, while revenue declined over 6%.

Despite the weak profit performance, EBITDA showed improvement during the quarter. EBITDA increased 11.5% YoY to ₹344.7 crore from ₹308.7 crore a year ago, surpassing the CNBC-TV18 poll estimate of ₹315 crore. EBITDA margin expanded to 20.5% from 19.6% in the corresponding quarter last year, reflecting operational efficiency improvements.

The company said same-store sales growth (LFL) for Domino’s India remained muted at just 0.2% during the quarter, significantly lower compared to the double-digit growth recorded in the year-ago period.

In its April business update, Jubilant FoodWorks attributed the slowdown primarily to ongoing commercial LPG supply constraints, noting that over 95% of its outlets depend on LPG. The company also highlighted that competitive intensity in the pizza segment has continued to moderate.

On a consolidated basis, revenue for Q4FY26 increased 19.1% YoY to ₹2,505.8 crore. For the full financial year FY26, consolidated revenue stood at ₹9,544 crore, registering a 17.2% year-on-year growth.

The company continued its aggressive store expansion strategy during the quarter by adding a net 69 stores, taking the total store count to 3,663 outlets globally. Domino’s India added 59 stores during the quarter, taking its network to 2,455 outlets, while Domino’s Turkey added four new stores.

Jubilant FoodWorks also announced that it has approved the non-renewal of rights for the development and operation of the Dunkin’ brand in India. Following this decision, the Dunkin’ business has now been classified as a discontinued operation.

The board of directors recommended a dividend of ₹1.2 per equity share for FY26, subject to shareholder approval at the upcoming annual general meeting.

Additionally, the company recorded an exceptional charge of ₹33.7 crore during FY26 due to the implementation impact of new labour codes, including higher gratuity and leave liabilities.

Top Q4 results today, May 21: LICI, ITC, Aurobindo Pharma, GAIL, LG Electronics India among key companies to announce earnings

Aman Shukla — Thu, 21 May 2026 02:25:06 +0000

Around 190 companies are scheduled to announce their March quarter (Q4FY26) results on May 21. Investors and analysts are expected to track revenue, profit, operating margins and management commentary across sectors during the ongoing earnings season.

Key companies scheduled to report Q4FY26 earnings include ITC Ltd., Aurobindo Pharma Ltd., GAIL (India) Ltd., Life Insurance Corporation of India, FSN E-Commerce Ventures Ltd. and LG Electronics India Ltd..

Companies from FMCG, pharmaceuticals, energy, financial services, real estate, media and infrastructure sectors are part of the earnings calendar for the day.

Here is the list of major companies scheduled to announce Q4FY26 earnings on May 21:

Aurobindo Pharma Ltd.
ITC Ltd.
Emami Ltd.
GAIL (India) Ltd.
ICRA Ltd.
LG Electronics India Ltd.
Life Insurance Corporation of India
FSN E-Commerce Ventures Ltd.
Page Industries Ltd.
Prestige Estates Projects Ltd.
Ramco Systems Ltd.
Rashtriya Chemicals and Fertilizers Ltd.
Repco Home Finance Ltd.
Sun TV Network Ltd.
VA Tech Wabag Ltd.
WeWork India Management Ltd.
Ashoka Buildcon Ltd.
Bikaji Foods International Ltd.
Honasa Consumer Ltd.

Investors are expected to monitor quarterly performance indicators including sales growth, profitability, margins and business updates shared by companies during earnings announcements and investor calls. Some companies may also announce dividends along with their quarterly results.

Ola Electric shares in focus today as Q4 net loss narrows to Rs 500 crore, revenue down 50% to Rs 265 crore

Aman Shukla — Thu, 21 May 2026 02:24:19 +0000

Shares of Ola Electric are likely to remain in focus after the company reported a weak set of fourth-quarter results, marked by a sharp year-on-year decline in revenue despite a notable reduction in losses.

The electric vehicle maker posted Q4 revenue of ₹265 crore, down nearly 57% compared to ₹611 crore reported in the same quarter last year. The steep drop in topline reflects continued pressure on demand, rising competition in India’s electric two-wheeler market, and operational challenges during the quarter.

Despite the sharp decline in revenue, Ola Electric improved its profitability metrics on a yearly basis. The company reported a net loss of ₹500 crore in Q4, significantly lower than the ₹870 crore loss recorded in the corresponding period last year.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter stood at a negative ₹281 crore compared to a negative ₹690 crore in the year-ago period, reflecting better operational efficiency and tighter cost controls.

In a letter to shareholders, Chairman and Managing Director Bhavish Aggarwal described FY26 as a “year of reset” for the company. He stated that the focus remained on strengthening the fundamentals of the business, including service quality, product quality, gross margins, operating costs, cash discipline, sales productivity, and battery cell manufacturing capabilities.

Despite Q4 being a low-volume quarter, the company highlighted several operational improvements. Gross margin improved to 38.5%, while operating expenses reduced materially during the year. Ola Electric also said cash burn declined significantly, service operations have stabilised, and sales recovery has started gaining momentum.

According to the company, April registrations increased 20% month-on-month even as the broader electric two-wheeler industry witnessed a decline of over 22%. Ola Electric further highlighted a major reduction in warranty costs, which fell to ₹59 crore in FY26 from ₹555 crore in FY25.

The company reiterated its long-term focus on electric mobility and battery manufacturing, with its Gigafactory expected to play a key role in India’s future energy ecosystem. Ola Electric plans to scale commercial cell manufacturing capacity towards 6 GWh in FY27 and deepen battery integration across its EV portfolio.

FY26 also marked Ola Electric’s expansion beyond electric scooters with the launch of its Roadster motorcycle platform, targeting India’s large motorcycle market where EV penetration remains relatively low.

Looking ahead, Ola Electric said its FY27 priorities include maintaining service consistency, scaling volumes with financial discipline, improving cash generation in the auto business, ramping up the Gigafactory, and expanding its energy storage initiatives through projects such as Shakti and Mahashakti.

Glenmark Pharma shares in focus today after IGI unveils new cancer therapy candidate ISB 2301

Aman Shukla — Thu, 21 May 2026 02:22:49 +0000

Shares of Glenmark Pharmaceuticals are likely to remain in focus on Thursday after its innovation arm, Ichnos Glenmark Innovation (IGI), announced a new development candidate, ISB 2301, aimed at treating multiple solid tumor indications.

IGI, a global clinical-stage biotechnology company focused on developing Multispecific™ antibodies in oncology, introduced ISB 2301 as a first-in-class multispecific immune cell activator designed to engage both T cells and natural killer (NK) cells to attack cancer cells.

According to the company, ISB 2301 simultaneously targets three tumor-associated antigens, a strategy aimed at overcoming the biological complexity of solid tumors that conventional immunotherapies often struggle to address.

Lida Pacaud, MD, President and Chief Executive Officer of IGI, said the therapy was engineered to deliver multi-mechanistic precision by activating both T cells and NK cells while targeting multiple antigens at the same time.

The biotechnology firm stated that ISB 2301 has demonstrated strong pharmacokinetics, tolerability, and a favorable safety profile in non-human primate studies. The therapy is also designed to induce potent antibody-dependent cellular cytotoxicity (ADCC), checkpoint inhibition, and a sustained type 1 immune response.

The candidate has been developed using IGI’s proprietary BEAT® technology platform, which enables the manufacturing of next-generation multispecific antibodies through a standard production process.

IGI plans to file an Investigational New Drug (IND) submission for ISB 2301 by the end of 2026 and expects to begin clinical studies in 2027.

H.G. Infra Engineering shares in focus today after company removes Rs 4,142 crore MSRDC projects from order book

Aman Shukla — Thu, 21 May 2026 02:22:04 +0000

Shares of H.G. Infra Engineering are likely to remain in focus today after the infrastructure company announced that it will not consider two major Maharashtra expressway projects worth over ₹4,142 crore as part of its executable order book due to uncertainty surrounding their execution.

The development comes despite the company being declared the lowest bidder (L1) by the Maharashtra State Road Development Corporation (MSRDC) for two packages of the Nagpur–Chandrapur Access Controlled Super Communication Expressway project in Maharashtra.

According to the company’s regulatory filing, the bank guarantees submitted against bid security for the projects were unexpectedly returned by MSRDC without any explanation. Following this, H.G. Infra Engineering sought clarification from the authority regarding the status of the projects and the reasons behind the return of the guarantees. However, the company stated that it has not received any formal communication from MSRDC so far.

The two EPC projects include Package NC-04 from Chargaon to Nandgaon Kh in Chandrapur district, spanning 28.20 km, where H.G. Infra Engineering had submitted a bid project cost of ₹1,991.11 crore. The second project, Package NC-05 from Nandgaon Kh to Jogapur in Chandrapur district, covers 31.75 km with a bid project cost of ₹2,151.11 crore.

Together, the two projects carried a combined bid value of nearly ₹4,142 crore.

The company clarified that considering the prevailing uncertainty regarding project execution, it has decided, as a matter of prudence, not to include these projects in its executable order book until further clarity emerges from MSRDC.

Apollo Hospitals shares in focus today after strong Q4 earnings, margin expansion

Aman Shukla — Thu, 21 May 2026 01:50:45 +0000

Shares of Apollo Hospitals Enterprise are expected to remain in focus today after the healthcare major reported a strong set of Q4FY26 earnings, driven by healthy growth in revenue and improvement in operating margins.

The company posted a consolidated net profit of ₹547.2 crore for the March quarter, registering a growth of 33% compared to ₹412 crore reported in the same quarter last year. The sharp rise in profitability was supported by higher revenues and improved operational efficiency across its hospital and healthcare businesses.

Revenue from operations during the quarter rose 18.1% year-on-year to ₹6,606 crore, compared to ₹5,592 crore in the corresponding period of the previous financial year, reflecting strong demand across hospital services, pharmacies, and digital health segments.

Apollo Hospitals also reported a robust operational performance during the quarter. EBITDA increased 31.3% YoY to ₹1,011 crore against ₹770 crore in the year-ago period. EBITDA margin improved significantly to 15.3% from 13.8% last year, indicating better cost management and higher contribution from core healthcare operations.

The board of directors has also recommended a dividend of ₹10 per equity share for the financial year ended March 2026, subject to shareholder approval at the upcoming annual general meeting.

Protean eGov Q4 Results: Net profit jumps 49% YoY to Rs 30.38 crore, revenue up 38%

Aman Shukla — Wed, 20 May 2026 15:00:24 +0000

Protean eGov Technologies reported strong Q4 FY26 earnings with robust growth in revenue and profitability on a year-on-year basis. The company also witnessed healthy margin expansion during the March 2026 quarter.

For the quarter ended March 31, 2026, Protean eGov posted consolidated revenue from operations of ₹307.54 crore, compared to ₹222.15 crore in the corresponding quarter last year, registering a growth of 38.4% YoY. Revenue also increased sequentially from ₹228.87 crore in Q3 FY26, reflecting a 34.4% QoQ rise.

Total income during Q4 FY26 stood at ₹322.85 crore against ₹238.69 crore in Q4 FY25, up 35.3% YoY. On a quarter-on-quarter basis, total income rose 32.7% from ₹243.29 crore.

The company reported profit before tax (PBT) of ₹36.41 crore in Q4 FY26, marking a sharp increase of 44.3% compared to ₹25.24 crore reported in the year-ago quarter. Sequentially, PBT grew 23.7% from ₹29.42 crore.

Protean eGov’s net profit for the quarter came in at ₹30.38 crore, compared to ₹20.40 crore in Q4 FY25, translating into a strong 48.9% YoY growth. On a sequential basis, profit increased 35.0% from ₹22.50 crore reported in the December 2025 quarter.

Total expenses during the quarter rose to ₹285.69 crore from ₹213.45 crore in the corresponding quarter last year, mainly due to higher processing charges, employee benefit expenses, and system implementation costs. However, despite the increase in expenses, the company maintained strong profitability growth.

For the full financial year FY26, Protean eGov reported total income of ₹1,070.60 crore as against ₹908.88 crore in FY25, reflecting a growth of 17.8% YoY.

Annual net profit stood at ₹100.59 crore for FY26 compared to ₹92.46 crore in FY25, registering an 8.8% increase YoY.

The company’s processing charges for FY26 rose to ₹344.80 crore from ₹336.60 crore last year, while employee benefit expenses increased significantly to ₹232.58 crore from ₹188.57 crore.

Protean eGov also reported an exceptional item impact of ₹4.70 crore during FY26 related to the statutory impact of new labour codes.

Capacit’e Infraprojects Q4 Results: Net profit slips 11% YoY to Rs 46.7 crore, revenue up 6% YoY

Aman Shukla — Wed, 20 May 2026 14:56:30 +0000

Capacit’e Infraprojects Limited reported mixed Q4 FY26 results, with revenue and EBITDA showing healthy year-on-year growth, while net profit declined during the quarter.

The company posted Q4 consolidated net profit at ₹46.7 crore compared to ₹52.5 crore in the corresponding quarter last year, reflecting a decline of around 11% YoY.

Revenue from operations rose to ₹710 crore in Q4 FY26 against ₹671 crore in Q4 FY25, registering a growth of nearly 5.8% YoY.

EBITDA increased to ₹100 crore compared to ₹87.8 crore in the year-ago quarter, marking a rise of approximately 13.9% YoY. EBITDA margin also improved significantly to 15.32% from 13.09% in the same period last year, indicating better operational efficiency.

Mirc Electronics Q4 Results: Loss widens sharply, revenue falls 28% YoY

Aman Shukla — Wed, 20 May 2026 14:53:37 +0000

Mirc Electronics reported weak financial performance for the quarter ended March 31, 2026, as revenue declined significantly on a Year-on-Year (YoY) basis and losses widened sharply.

The company posted revenue from operations of ₹143.81 crore in Q4 FY26 compared to ₹200.72 crore in Q4 FY25, registering a decline of 28.35% YoY.

Total income during the quarter stood at ₹148.71 crore against ₹204.57 crore in the corresponding quarter last year, down 27.31%.

Mirc Electronics reported a pre-tax loss of ₹15.57 crore in Q4 FY26 compared to a loss of ₹1.05 crore in Q4 FY25, reflecting a sharp deterioration of 1,382.86% YoY.

After exceptional items, the company posted a net loss before tax of ₹47.36 crore in Q4 FY26 against a profit of ₹1.18 crore in the year-ago quarter.

Total expenses during the March quarter declined 20.11% YoY to ₹164.28 crore from ₹205.62 crore.

Purchase of contract manufactured goods fell sharply to ₹58.33 crore from ₹125.62 crore, down 53.57% YoY. Employee benefit expenses declined 12.91% to ₹12.45 crore from ₹14.64 crore.

Finance costs increased 18.31% YoY to ₹3.49 crore, while depreciation and amortisation expenses rose 12.58% to ₹1.70 crore.

For the full financial year FY26, Mirc Electronics reported revenue from operations of ₹660.01 crore compared to ₹746.69 crore in FY25, reflecting a decline of 11.61%.

Total income for FY26 came in at ₹670.83 crore against ₹757.42 crore in the previous financial year, down 11.43%.

The company reported a pre-tax loss of ₹61.02 crore in FY26 compared to a loss of ₹2.30 crore in FY25.

After exceptional items, loss before tax widened to ₹74.74 crore in FY26 from ₹2.30 crore in the previous financial year.

Total annual expenses stood at ₹731.85 crore compared to ₹759.72 crore in FY25, registering a decline of 3.67% YoY.

Whirlpool Of India Q4 Results: Net profit falls 33% YoY to Rs 80.50 crore, revenue up 8.79%

Aman Shukla — Wed, 20 May 2026 11:25:01 +0000

Whirlpool Of India reported mixed Q4 FY26 results as revenue increased year-on-year, while profitability and margins declined sharply due to higher operational pressure.

For the quarter ended March 2026, the company posted revenue from operations of ₹2,180.77 crore compared to ₹2,004.67 crore in the corresponding quarter last year, registering a growth of 8.79% YoY. Total income for Q4 FY26 stood at ₹2,233.84 crore versus ₹2,044.27 crore in Q4 FY25, up 9.27% YoY.

Profit before tax declined to ₹109.83 crore from ₹161.65 crore in the year-ago quarter, reflecting a fall of 32.06% YoY. Net profit for the quarter came in at ₹80.50 crore against ₹119.47 crore reported in Q4 FY25, marking a decline of 32.62% YoY.

EBITDA stood at ₹121.27 crore compared to ₹183.11 crore in the corresponding quarter last year, down 33.77% YoY. EBITDA margin contracted sharply to 5.6% from 9.1% in Q4 FY25, indicating pressure on operating profitability.

For the full financial year FY26, Whirlpool Of India reported revenue from operations of ₹8,034.20 crore compared to ₹7,919.37 crore in FY25, reflecting a growth of 1.45% YoY.

Annual net profit stood at ₹295.30 crore against ₹362.78 crore in FY25, down 18.60% YoY. Profit before tax for FY26 came at ₹396.63 crore versus ₹490.12 crore in FY25, registering a decline of 19.07% YoY.

Overall, Whirlpool Of India delivered stable revenue growth during Q4 FY26, but margin compression and weaker operating performance weighed on earnings growth during the quarter.

TeamLease Services announces Rs 238 crore share buyback at Rs 1,600 per share

Aman Shukla — Wed, 20 May 2026 11:20:33 +0000

TeamLease Services has announced a share buyback proposal worth up to ₹238 crore, aiming to reward shareholders and improve shareholder value. The company plans to repurchase 14,87,500 fully paid-up equity shares with a face value of ₹10 each through the tender offer route.

According to the company, the buyback price has been fixed at ₹1,600 per equity share, which will be paid in cash to eligible shareholders participating in the offer. The total buyback size represents nearly 8.87% of the company’s total paid-up capital as of March 31, 2026.

The proposed buyback remains subject to shareholder approval through a special resolution via postal ballot and remote e-voting, along with other required statutory and regulatory approvals under applicable laws.

TeamLease stated that the buyback will be conducted on a proportionate basis from shareholders and beneficial owners holding equity shares of the company. The tender offer route allows eligible investors to tender their shares during the buyback window as per entitlement criteria.

To oversee and execute the process smoothly, the Board of Directors has constituted a dedicated “Buyback Committee.” The committee has been authorised to undertake all necessary acts, decisions, and regulatory compliances related to the proposed share repurchase.

Share buybacks are generally viewed positively by the market as they help improve earnings per share (EPS), optimise capital structure, and signal management’s confidence in the company’s long-term business outlook.

TeamLease Q4 Results: Net profit surges 21.6% YoY to Rs 46.05 crore, revenue up 2.3%

Aman Shukla — Wed, 20 May 2026 11:18:05 +0000

TeamLease Services reported a healthy performance for the fourth quarter of FY26, driven by improved profitability and steady revenue growth.

The company posted consolidated net profit of ₹46.05 crore in Q4 FY26, compared to ₹37.88 crore in the same quarter last year, marking a strong 21.6% year-on-year growth. On a sequential basis, profit increased 8.4% from ₹42.48 crore reported in the December 2025 quarter.

Revenue from operations stood at ₹2,924.87 crore during the quarter ended March 31, 2026, against ₹2,857.92 crore in Q4 FY25, registering a 2.3% YoY increase. However, revenue declined 2.2% quarter-on-quarter from ₹2,990.24 crore.

Total income for the quarter rose to ₹2,948.54 crore from ₹2,867.65 crore a year ago, reflecting a 2.8% YoY growth.

TeamLease also reported a sharp improvement in profitability. Profit before tax (PBT) climbed 29.5% YoY to ₹51.61 crore in Q4 FY26, compared to ₹39.84 crore in the corresponding quarter last year. Sequentially, PBT jumped nearly 19% from ₹43.39 crore.

Employee benefit expenses, which form the largest cost component for the staffing company, increased 2.6% YoY to ₹2,765.46 crore from ₹2,695.95 crore. Meanwhile, finance costs declined 24.7% YoY to ₹3.14 crore.

For the full financial year FY26, TeamLease delivered strong earnings growth. Revenue from operations increased 5.7% to ₹11,790.67 crore compared to ₹11,155.87 crore in FY25. Net profit for the year surged 27.9% to ₹141.38 crore from ₹110.47 crore in the previous financial year.

Annual profit before tax also rose significantly by 31.2% to ₹150.27 crore against ₹114.50 crore in FY25, indicating improving operational efficiency and margin expansion.

The company’s net profit margin improved to 1.57% in Q4 FY26 from 1.33% in Q4 FY25, while PBT margin expanded to 1.76% from 1.39% during the same period last year.

H.G. Infra Engineering excludes Rs 4,142 crore MSRDC expressway projects from order book amid uncertainty

Aman Shukla — Wed, 20 May 2026 11:12:09 +0000

H.G. Infra Engineering has announced that it will not consider two major Maharashtra expressway projects worth over ₹4,142 crore as part of its executable order book due to uncertainty surrounding their execution.

The development comes despite the company being declared the lowest bidder (L1) by Maharashtra State Road Development Corporation for two packages of the Nagpur–Chandrapur Access Controlled Super Communication Expressway project in Maharashtra.

According to the company’s regulatory filing, the bank guarantees submitted against bid security for the projects were unexpectedly returned by MSRDC without any explanation. H.G. Infra Engineering stated that it subsequently sought clarification from the authority regarding the status of the projects and the reasons behind the return of the guarantees, but no formal communication has been received so far.

The two EPC projects include:

Package NC-04 from Chargaon to Nandgaon Kh in Chandrapur district, spanning 28.20 km, with H.G. Infra’s bid project cost at ₹1,991.11 crore.
Package NC-05 from Nandgaon Kh to Jogapur in Chandrapur district, covering 31.75 km, with a bid project cost of ₹2,151.11 crore.

Together, the projects carried a combined bid value of approximately ₹4,142 crore.

The company clarified that, considering the uncertainty regarding project execution, it has decided as a matter of prudence not to include these projects in its executable order book until further clarity emerges from MSRDC.

H.G. Infra Engineering also stated that it will continue to keep stock exchanges informed about any further material developments related to the matter in accordance with applicable regulations.

Jubilant FoodWorks plans aggressive expansion, targets 300 new stores annually with higher focus on Popeyes

Aman Shukla — Wed, 20 May 2026 10:57:36 +0000

Jubilant FoodWorks has outlined an aggressive growth strategy for the coming years, with capital deployment increasingly focused on business expansion and technology investments. The company, which operates leading quick-service restaurant brands including Domino’s Pizza and Popeyes in India, plans to maintain strong store additions while improving operational efficiency and return ratios.

Jubilant FoodWorks Targets Around 300 New Stores Every Year

The company said it remains on track to add nearly 300 stores annually over the medium term. In FY26, Jubilant FoodWorks added a net 289 new stores across India, including 276 Domino’s stores and 17 Popeyes outlets, while Hong’s witnessed four store closures.

For FY27, the company expects to continue opening a similar number of Domino’s outlets while significantly increasing the pace of Popeyes store expansion. The management sees Popeyes as a key growth driver in the coming years as the brand continues to gain traction in the Indian quick-service restaurant market.

Technology Investments to Drive Customer Experience and Efficiency

Jubilant FoodWorks said future investments will increasingly focus on strengthening technology platforms aimed at enhancing customer experience and improving operating efficiencies. The company believes these investments will generate attractive returns while supporting long-term scalable growth.

The company also highlighted that major supply-chain investments are now largely complete. Existing infrastructure is capable of supporting more than 4,000 stores, providing significant headroom for future expansion without requiring substantial additional capital expenditure.

RoCE Improves to Nearly 19% in FY26

Jubilant FoodWorks continues to focus on improving capital efficiency and profitability. The company reported that standalone Return on Capital Employed (RoCE), excluding the impact of Ind AS 116, improved by nearly 70 basis points to around 18.9% in FY26.

Management stated that better utilisation of supply-chain and technology assets contributed to the improvement in returns. The company is targeting a steady-state RoCE of over 20% as store productivity improves and emerging businesses mature further.

While inflationary pressures may affect near-term profitability, Jubilant FoodWorks remains confident about achieving stronger capital efficiency over the long term through higher asset turns and operating leverage.

Jubilant FoodWorks Expansion Strategy Remains Strong

The company’s strategy reflects confidence in India’s growing quick-service restaurant market and rising demand for organised food delivery and dining brands. With continued expansion of Domino’s and a sharper focus on Popeyes, Jubilant FoodWorks is positioning itself for sustained long-term growth while leveraging technology and supply-chain capabilities to improve margins and returns.

Dhampur Sugar Mills declares interim dividend of Rs 2 per share for FY26

Aman Shukla — Wed, 20 May 2026 10:31:09 +0000

Dhampur Sugar Mills Ltd has announced an interim dividend of 20% for the financial year 2025-26, according to an exchange filing dated May 20, 2026.

The company’s board of directors, at its meeting held on Wednesday, May 20, approved an interim dividend of Rs 2 per equity share having a face value of Rs 10 each.

Dhampur Sugar Mills has fixed Tuesday, May 26, 2026, as the record date to determine the eligibility of shareholders for receiving the interim dividend. Shareholders whose names appear in the register of members or in the records of depositories as beneficial owners at the close of business hours on the record date will be eligible for the dividend payment.

The company said the interim dividend payment will be completed by Monday, June 15, 2026, in accordance with applicable statutory timelines.

The board meeting commenced at 3:00 PM and concluded at 3:35 PM, according to the filing submitted to the National Stock Exchange and BSE.

Dhampur Sugar Mills shares are likely to remain in focus following the dividend announcement.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Ola Electric Q4 Results: Revenue drops 57% YoY to Rs 265 crore, loss narrows to Rs 500 crore

Aman Shukla — Wed, 20 May 2026 09:59:44 +0000

Ola Electric reported a weak set of fourth-quarter results, with revenue witnessing a sharp year-on-year decline, even as losses narrowed compared to the same period last year.

The company posted revenue of ₹265 crore in Q4, down nearly 57% from ₹611 crore reported in the corresponding quarter a year ago. The steep fall in revenue reflects continued pressure on demand, rising competition in the electric two-wheeler segment, and operational challenges faced during the quarter.

Despite the sharp decline in topline performance, Ola Electric managed to reduce its losses on a yearly basis. The company reported a net loss of ₹500 crore in Q4 compared to a loss of ₹870 crore in the year-ago period, indicating some improvement in cost management and operational efficiency.

In his letter to shareholders, Ola Electric Chairman and Managing Director Bhavish Aggarwal described FY26 as a “year of reset” for the company. He said the focus during the year was on strengthening the fundamentals of the business, including service quality, product quality, gross margins, operating costs, cash discipline, sales productivity, and battery cell manufacturing.

Aggarwal highlighted that despite Q4 being a low-volume quarter, the company achieved key operational milestones. Gross margin improved to 38.5%, operating expenses reduced materially during the year, and cash burn declined significantly. He also stated that service operations have now stabilised, while sales recovery has started gaining momentum.

According to the company, April registrations rose 20% month-on-month even as the broader electric two-wheeler industry declined by more than 22%. Ola Electric also noted a major reduction in warranty costs, which stood at ₹59 crore in FY26 compared to ₹555 crore in FY25.

The company emphasised that Ola Electric is uniquely positioned across electric mobility and battery manufacturing, with its Gigafactory expected to play a major role in India’s future energy ecosystem. The company plans to ramp up commercial cell manufacturing towards 6 GWh in FY27 and deepen integration of battery cells into its EV portfolio.

Ola Electric also stated that FY26 marked its expansion beyond scooters, with the launch of the Roadster motorcycle platform aimed at tapping India’s large motorcycle market where EV penetration remains low.

Looking ahead, the company said its FY27 priorities include sustaining service consistency, scaling volumes with financial discipline, improving cash generation in the auto business, ramping up the Gigafactory, and expanding its energy storage business through initiatives like Shakti and Mahashakti.

Following the earnings announcement, Ola Electric shares were trading 0.22% lower at ₹36.50.

The stock touched an intraday high of ₹37.85 and a low of ₹36.02 during the session. Ola Electric’s 52-week high stands at ₹71.25, while the 52-week low is ₹22.25. The stock opened at ₹36.58 against the previous close of ₹36.58, with live trading volume crossing 9.30 crore shares.

Grasim Industries Q4 results: Net loss narrows, Revenue jumps 32% YoY to Rs 11,774 crore

Aman Shukla — Wed, 20 May 2026 09:17:57 +0000

Grasim Industries reported its Q4 FY26 earnings with a sharp improvement in operational performance, driven by strong revenue growth and better margins on a year-on-year basis.

The company posted a consolidated net loss of ₹163 crore in the fourth quarter, compared to a loss of ₹288 crore in the same period last year, reflecting a significant improvement in profitability.

Revenue from operations surged 32% YoY to ₹11,774 crore, up from ₹8,926 crore reported in the corresponding quarter of the previous financial year. The strong top-line growth indicates improved business momentum across key segments.

EBITDA also witnessed a sharp rise during the quarter. The company reported EBITDA of ₹540 crore against ₹221 crore in Q4 FY25, registering robust operational growth on a yearly basis.

Grasim’s EBITDA margin improved substantially to 4.6% in Q4 FY26, compared to 2.48% in the year-ago quarter. The margin expansion highlights improved operational efficiency and better cost management despite challenging market conditions.

Samvardhana Motherson Q4 Results: Net profit jumps 40% YoY to Rs 1,561.56 crore, revenue up 17%

Aman Shukla — Wed, 20 May 2026 09:08:24 +0000

Samvardhana Motherson International Ltd reported a strong operational performance for the quarter ended March 31, 2026, driven by healthy revenue growth and margin expansion.

The company posted a consolidated net profit of ₹1,561.56 crore in Q4 FY26, compared to ₹1,115.38 crore reported in the corresponding quarter last year, registering a growth of 40% year-on-year.

Revenue from operations rose 17% YoY to ₹34,309.31 crore during the March quarter from ₹29,316.83 crore in Q4 FY25.

Operationally, EBITDA stood at ₹3,794.16 crore in Q4 FY26 compared with ₹2,642.86 crore in the year-ago period, reflecting a sharp growth of 43.6% YoY. EBITDA margin improved to 11.1% from 9% reported in the corresponding quarter last year.

Profit before tax stood at ₹1,989.42 crore during the quarter against ₹1,252.02 crore in Q4 FY25. Total tax expense for the quarter came in at ₹427.86 crore.

Employee benefit expenses during the quarter stood at ₹8,301.69 crore, while finance costs were reported at ₹471.76 crore. Depreciation expense came in at ₹1,187.78 crore and amortisation expense stood at ₹177.66 crore.

Total comprehensive income for the quarter surged to ₹2,975.73 crore compared with ₹1,252.88 crore reported in the corresponding quarter last year.

Earnings per share (EPS) for the quarter came in at ₹1.42 against ₹1 reported in Q4 FY25.

Asian markets update today, May 20: Nikkei falls 1.23%, Kospi down 0.86%, Nifty 50 drops 0.16%

Aman Shukla — Wed, 20 May 2026 08:19:36 +0000

Asian stock markets traded mixed on Wednesday, with several major indices remaining under pressure during midday trade. Weakness in Japanese, Australian, and New Zealand equities weighed on regional sentiment, while Thailand and SGX-CNBC China Growth index posted modest gains.

As of 1:43 PM IST, Hong Kong’s Hang Seng Index (HSI) was down 165.21 points, or 0.64%, at 25,632.64. India’s Nifty 50 also traded lower, slipping 37.7 points, or 0.16%, to 23,580.3.

Japan’s Nikkei index emerged among the worst-performing Asian benchmarks during the session, falling 746.18 points, or 1.23%, to 59,804.41. Australia’s ASX 200 declined 108.1 points, or 1.26%, to 8,496.6, while New Zealand’s NZX 50 dropped 213.29 points, or 1.64%, to 12,761.03.

South Korea’s Kospi index traded lower by 62.71 points, or 0.86%, at 7,208.95. Singapore’s STI index also remained under pressure, declining 25.03 points, or 0.49%, to 5,047.31.

In Greater China, the Shanghai Composite Index slipped 7.353 points, or 0.18%, to 4,162.185. Shenzhen index remained largely flat at 15,569.979. Taiwan’s benchmark index fell 154.74 points, or 0.39%, to 40,020.82.

Among Southeast Asian markets, Malaysia’s benchmark index declined 7.48 points, or 0.43%, to 1,719.79. Thailand’s SET Index outperformed regional peers, gaining 7.31 points, or 0.48%, to trade at 1,524.

Meanwhile, the SGX-CNBC China Growth Index edged higher by 1.572 points, or 0.09%, to 1,712.307.

Overall, Asian markets showed a cautious trend during the session, with losses across several key benchmarks outweighing gains in select regional indices.

Siemens Energy India shares rally over 7% today: Details here

Aman Shukla — Wed, 20 May 2026 08:03:27 +0000

Shares of Siemens Energy India rallied more than 7% in intraday trade on Tuesday, supported by strong buying momentum and increased investor interest in the power and energy infrastructure space. As of 1:32 PM IST, the stock was trading sharply higher after touching an intraday high of ₹3,398 on the NSE.

The stock opened at ₹3,149.70 against its previous close of ₹3,163.50 and witnessed strong upward movement during the session. Siemens Energy India touched an intraday low of ₹3,139.90 before extending gains to the day’s high of ₹3,398.

The rally also came with healthy trading activity, with live volume crossing 18.17 lakh shares during the session, indicating strong market participation.

Siemens Energy India share price performance

Today’s low: ₹3,139.90
Today’s high: ₹3,398.00
52-week low: ₹2,115.00
52-week high: ₹3,625.00
Open price: ₹3,149.70
Previous close: ₹3,163.50
Live volume: 18,17,985 shares

Despite today’s sharp rally, the stock still remains below its 52-week high of ₹3,625, suggesting investors continue to track further upside potential in the counter.

Iran warns conflict will spread beyond the region if attacked again

Aman Shukla — Wed, 20 May 2026 07:38:11 +0000

In a stark escalation of rhetoric amid heightened Middle East tensions, Iran’s Islamic Revolutionary Guard Corps (IRGC) has issued a strong warning: if attacks on Iran resume, the resulting conflict will not remain confined to the region but could extend globally, targeting critical infrastructure including energy supplies.

Context of the 2026 Iran Conflict

The ongoing tensions stem from Operation Epic Fury, a joint US-Israeli campaign launched on February 28, 2026. This included strikes that reportedly eliminated high-level Iranian leadership figures. Iran responded with widespread missile and drone attacks on US bases and infrastructure in neighboring countries, disrupting regional stability and global energy markets.

The IRGC, as Iran’s elite military force, plays a central role in both defense and asymmetric operations through its network of proxies and advanced missile/drone capabilities.

Potential Implications of Escalation

1. Global Energy Crisis Any disruption to oil and gas flows from the Persian Gulf—particularly through the Strait of Hormuz—could send energy prices soaring worldwide. The IRGC’s threats specifically highlight long-term damage to production and export capabilities.

2. Wider Geopolitical Fallout

Increased risks to US allies in the Gulf (Saudi Arabia, UAE, etc.).
Potential involvement of additional actors beyond the immediate region.
Ripple effects on international shipping, trade, and security.

3. Regional Instability Neighboring countries have already faced spillover from Iranian retaliatory strikes. Further escalation could draw in more states unwillingly.

What This Means for the Future

The IRGC’s declaration underscores Iran’s determination to restore deterrence after sustaining heavy losses. Analysts note that while Iran seeks to avoid total war, it is prepared to impose high costs on adversaries through asymmetric means

Aditya Birla Real Estate subsidiary Birla Estates clocks Rs 1,007 crore bookings at Birla Taranya in Thane within 3 months of RERA approval

Aman Shukla — Wed, 20 May 2026 07:17:21 +0000

Aditya Birla Real Estate Limited shares remained in focus after its wholly owned subsidiary, Birla Estates, announced strong sales momentum for its premium residential project, Birla Taranya, located in Thane in the Mumbai Metropolitan Region (MMR).

The company said the project received RERA approval on February 3, 2026, and has already achieved booking value of nearly ₹1,007 crore within the first three months post approval. The robust response highlights strong customer demand for premium residential developments in the MMR real estate market.

Birla Estates stated that the strong traction at Birla Taranya further strengthens its growing presence in the Mumbai Metropolitan Region and reflects the company’s focus on delivering thoughtfully designed premium housing projects.

Birla Taranya is part of Birla Estates’ strategy to expand its footprint across key real estate markets in India through a mix of outright land acquisitions, joint ventures, and development of owned land parcels.

About Birla Estates

Birla Estates Private Limited is the wholly owned real estate subsidiary of Aditya Birla Real Estate Limited, formerly known as Century Textiles and Industries Limited. The company develops premium residential housing projects across major cities including Mumbai, NCR, Bengaluru, and Pune.

The company is also focused on building world-class residential, commercial, and mixed-use developments with emphasis on sustainability, customer-centricity, execution excellence, and modern design.

Apart from its residential portfolio, Birla Estates also owns a commercial portfolio comprising two Grade-A commercial buildings in Worli, Mumbai, with nearly 6 lakh square feet of leasable area.

Railway sector stocks today, May 20: RVNL down 1.25%, IRCON International drops 0.64%, Titagarh Rail up 0.84%

Aman Shukla — Wed, 20 May 2026 06:51:28 +0000

Railway sector stocks traded mixed on May 20, 2026, during the afternoon session. Most stocks showed modest declines while a few posted small gains amid a slightly weaker broader market.

Market Snapshot (as of ~12:15 PM IST on May 20, 2026)

Nifty 50: 23,579.95 (-0.16%)
BSE Sensex: 75,052.85 (-0.20%)

Railway Stocks Performance

Company	BSE Price (₹)	BSE Change	NSE Price (₹)	NSE Change
BEML	1,833.80	+0.44%	1,832.00	+0.31%
Container Corporation (CONCOR)	500.00	-1.06%	500.20	-1.07%
IRCON International	140.15	-0.64%	140.07	-0.59%
IRCTC	527.90	-0.40%	527.60	-0.42%
IRFC	96.55	-0.67%	96.44	-0.80%
Rail Vikas Nigam (RVNL)	268.20	-1.25%	268.30	-1.20%
Railtel Corp of India	317.40	+0.08%	317.40	+0.02%
RITES	203.30	-0.68%	203.40	-0.83%
Texmaco Rail	108.50	-0.69%	108.20	-0.89%
Titagarh Rail Systems	746.05	+0.84%	745.20	+0.76%

Data Source: BSE and NSE prices as of May 20, 2026 (BSE ~12:11 PM, NSE ~12:14 PM IST).

Key Observations

Gainers: Titagarh Rail Systems led with gains of around 0.76–0.84%. BEML and Railtel also traded in positive territory with marginal increases.
Losers: Rail Vikas Nigam (RVNL) saw the steepest decline among the listed stocks at approximately 1.20–1.25%. CONCOR, IRFC, RITES, Texmaco Rail, IRCON, and IRCTC also traded lower.
Most railway-related stocks moved in a narrow range with limited volatility in the session so far.

This is a real-time snapshot based on available market data for May 20, 2026. Stock prices fluctuate continuously during trading hours. Investors should verify latest prices on official exchanges (BSE/NSE) and conduct their own research before making investment decisions. Past or current performance does not guarantee future results.

Why are GE Vernova T&D India shares up over 7% today? Details here

Aman Shukla — Wed, 20 May 2026 05:23:48 +0000

Shares of GE Vernova T&D India rallied more than 7% in Wednesday’s trade after brokerage firm Motilal Oswal Financial Services maintained its ‘Buy’ rating on the stock and raised the target price to ₹5,200 from ₹4,750, citing strong margin performance and robust growth visibility.

At 10:52 AM, GE Vernova T&D India shares were trading sharply higher after touching an intraday high of ₹4,799.90, close to their 52-week high of ₹4,849. The stock opened at ₹4,450 against the previous close of ₹4,385.30. The day’s low stood at ₹4,414.30, while live traded volume crossed 11.54 lakh shares.

Motilal Oswal bullish on GE Vernova T&D India

According to Motilal Oswal, the company’s revenue performance for the quarter came broadly in line with estimates, while profitability exceeded expectations due to strong margin expansion.

The brokerage highlighted that the domestic transmission pipeline continues to remain healthy, supported by strong power infrastructure spending and grid expansion opportunities in India.

It also pointed out that the execution timeline of the recently secured HVDC order remains a key monitorable for investors going ahead.

Export opportunities remain strong

Motilal Oswal said export opportunities for GE Vernova T&D India remain robust, driven by rising global demand for HVDC infrastructure and increasing investments in data centers.

The brokerage further noted that the company’s capex plans are aligned with catering to strong domestic as well as export demand, which is expected to support future growth.

Following the strong operational performance, Motilal Oswal raised its earnings estimates for FY27 and FY28 by nearly 7% and 8%, respectively.

Strong earnings growth outlook

The brokerage expects GE Vernova T&D India to deliver revenue, EBITDA and profit after tax CAGR of nearly 29%, 31% and 31%, respectively, over FY26-FY28.

The improved earnings outlook and sustained demand momentum in the transmission and power infrastructure segment boosted investor sentiment, leading to sharp buying interest in the stock during the session.

Apollo Micro Systems shares rally over 15% in last 2 days: Here’s what is driving the surge

Aman Shukla — Wed, 20 May 2026 05:01:27 +0000

Shares of Apollo Micro Systems rallied 7% in morning trade on May 20 after the company reported a strong set of earnings for the fourth quarter of FY26. The stock has surged around 15% over the last two trading sessions as investors reacted positively to robust revenue growth, sharp margin expansion, and a strong rise in profitability.

Apollo Micro Systems Q4 FY26 Results

Apollo Micro Systems delivered impressive operational and financial performance for the quarter ended March 31, 2026, supported by strong execution and healthy business momentum.

The company reported a consolidated net profit of ₹37.61 crore in Q4 FY26, registering a sharp growth of 168.64% compared to ₹14 crore reported in the corresponding quarter last year.

Consolidated revenue from operations surged 81.28% year-on-year to ₹293.25 crore against ₹161.76 crore in Q4 FY25.

At the operating level, EBITDA rose 88% to ₹67.64 crore from ₹35.99 crore in the year-ago quarter. EBITDA margin improved to 23% compared with 22% in the corresponding period last year, reflecting better operational efficiency and improved scale.

Strong Order Book Boosts Growth Visibility

Apollo Micro Systems said its consolidated order book stood at ₹1,432 crore as of March 31, 2026. The healthy order pipeline is expected to provide strong revenue visibility in the coming quarters and support long-term growth prospects.

Mankind Pharma shares surge over 3% as Q4 net profit jumps 31.7% YoY to Rs 554 crore, EBITDA up 36.1%

Aman Shukla — Wed, 20 May 2026 04:33:02 +0000

Shares of Mankind Pharma surged more than 3% in early trade on Wednesday after the company reported a strong set of Q4FY26 earnings, driven by healthy revenue growth, sharp margin expansion, and robust profit performance.

For the quarter ended March 2026, the pharmaceutical major reported revenue of Rs 3,443 crore, marking an increase of 11.8% year-on-year compared to Rs 3,079 crore in the corresponding quarter last year.

The company’s EBITDA rose 36.1% YoY to Rs 930 crore against Rs 683 crore in Q4FY25. EBITDA margin improved significantly to 27.0% from 22.2% a year ago, indicating strong cost control and better operating leverage.

Net profit for the quarter came in at Rs 554 crore, up 31.7% from Rs 421 crore reported in the year-ago period.

Mankind Pharma Share Price Performance

At 10 AM, Mankind Pharma shares were trading over 3% higher for the day.

The stock touched an intraday high of Rs 2,579.50, while the day’s low stood at Rs 2,500.00. The stock opened at Rs 2,501.00 compared to its previous close of Rs 2,492.60.

Trading activity remained strong with live volume at 12,78,779 shares.

On a broader basis, the stock has a 52-week high of Rs 2,716.50 and a 52-week low of Rs 1,909.70.

Why are Viyash Scientific shares up over 17% today? Explained

Aman Shukla — Wed, 20 May 2026 04:20:19 +0000

Shares of Viyash Scientific surged more than 17% in early trade on May 20 after the company reported a strong set of Q4FY26 earnings, driven by robust revenue growth, sharp margin expansion, and a return to profitability.

The stock touched an intraday high of Rs 268.70, which also marks its fresh 52-week high, compared to the previous close of Rs 228.73. As of 9:46 AM, heavy investor interest was visible with live traded volume crossing 84.9 lakh shares.

Viyash Scientific reported consolidated revenue of Rs 920 crore for the March quarter, registering a growth of 19.1% year-on-year from Rs 772 crore in the corresponding quarter last year.

Operational performance remained strong during the quarter. EBITDA jumped 63.2% to Rs 184 crore versus Rs 113 crore in the year-ago period. EBITDA margin expanded sharply to 20.0% from 14.6%, indicating improved operational efficiency and better cost management.

The company also returned to profitability during the quarter, posting a net profit of Rs 52.1 crore against a net loss of Rs 26.2 crore reported in the same quarter last year.

Notably, the company mentioned that Q4 numbers included a one-time cost of Rs 7 crore, making the operational performance even stronger on an adjusted basis.

Viyash Scientific Share Price Performance (as of 9:46 AM AM)

Today’s low: Rs 231.21
Today’s high: Rs 268.70
52-week low: Rs 166.00
52-week high: Rs 268.70
Opening price: Rs 233.88
Previous close: Rs 228.73
Live volume: 84,93,967 shares

The strong Q4 performance, margin improvement, and return to profitability appear to have boosted investor sentiment significantly, leading to the sharp rally in the stock price.

Godawari Power shares surge over 4% after strong Q4 results; margins expand sharply

Aman Shukla — Wed, 20 May 2026 04:10:39 +0000

Shares of Godawari Power and Ispat surged more than 4% in early trade on Wednesday after the company reported a strong set of Q4FY26 earnings, driven by healthy operational performance and sharp margin expansion.

At around 9:37 AM, Godawari Power shares were trading near the day’s high after investor sentiment turned positive following better-than-expected profitability numbers.

Strong operational performance boosts sentiment

The company reported consolidated revenue of Rs 1,610 crore in the March quarter, marking a 9.7% year-on-year growth compared to Rs 1,468 crore in the corresponding quarter last year.

EBITDA jumped 37.9% YoY to Rs 439 crore from Rs 318 crore, reflecting improved operating efficiency and stronger realisations.

The biggest positive came from margin performance, with EBITDA margin expanding to 27.3% versus 21.7% in the year-ago period, indicating significant improvement in cost management and operational leverage.

Net profit for the quarter rose 26.6% to Rs 280 crore compared to Rs 221 crore reported in the same quarter last year.

Stock touches fresh highs after earnings

Following the earnings announcement, the stock witnessed strong buying interest during morning trade.

Godawari Power share price performance (as of 9:37 AM)

Today’s low: Rs 291.50
Today’s high: Rs 304.90
52-week low: Rs 175.37
52-week high: Rs 312.75
Opening price: Rs 299.95
Previous close: Rs 290.55
Live volume: 59,25,076 shares

The stock is now trading close to its 52-week high of Rs 312.75, reflecting bullish momentum after the quarterly earnings announcement.

Why are Dynamatic Technologies shares falling sharply over 7% today? Explained

Aman Shukla — Wed, 20 May 2026 04:00:56 +0000

Shares of Dynamatic Technologies fell sharply over 7% in early trade on Wednesday, May 20, after the company reported a decline in consolidated net profit for the fourth quarter of FY26 despite strong revenue and EBITDA growth.

As of 9:29 AM IST, Dynamatic Tech shares were trading sharply lower after touching an intraday low of Rs 10,050 on the NSE. The stock opened at Rs 10,583 against the previous close of Rs 10,864. During the session, the stock also touched a high of Rs 10,583.

The sharp decline in the stock price came even as the company posted double-digit revenue growth during the March quarter, indicating that investors remained cautious over the decline in profitability.

For Q4 FY26, Dynamatic Technologies reported consolidated revenue of Rs 433 crore, up 13.8% year-on-year from Rs 381 crore in the corresponding quarter last year.

EBITDA rose 28.1% to Rs 48.6 crore compared to Rs 37.9 crore in the year-ago period. EBITDA margin improved to 11.2% from 10.0%, reflecting better operational efficiency during the quarter.

However, consolidated net profit declined 21.9% year-on-year to Rs 12.6 crore versus Rs 16.1 crore reported in Q4 FY25, weighing on investor sentiment and triggering selling pressure in the stock.

The company’s stock has remained volatile in recent months. Dynamatic Tech shares have touched a 52-week high of Rs 12,875, while the 52-week low stands at Rs 6,320.