ndia’s equity markets will react to a wave of Q1FY26 earnings and corporate developments on July 25. Several key companies including Bajaj Finance, SBI Life, BEL, and Wipro have posted their results, while others like Adani Enterprises and REC are also in the spotlight due to strategic and operational updates.
Stocks in focus: Quarterly earnings
Bajaj Finance
Q1FY26 standalone net profit jumped ~20% year-on-year to ₹4,765 crore, reflecting continued growth momentum in the NBFC space. The company remains among the top-performing financial stocks this quarter.
SBI Life Insurance
The insurer posted a 14% rise in Q1 net profit to ₹594 crore, driven by strong renewal premium collections and stable margins.
Karur Vysya Bank
The private lender reported Q1 net profit of ₹521 crore, up 14% YoY. It also announced a 1:5 bonus issue, the first in nearly seven years. Asset quality improved with gross NPA at 0.66% (vs 0.76% QoQ) and net NPA at 0.19% (vs 0.2%).
Indian Energy Exchange (IEX)
Q1 consolidated net profit surged 25% YoY to ₹120.7 crore, while revenue rose 14.7% to ₹141.8 crore. The exchange also witnessed a large block deal with Pictet selling 60 lakh shares at ₹131.5.
eClerx Services
Q1 consolidated PAT grew 26.4% YoY to ₹141.6 crore, and revenue rose 19.5% to ₹934.6 crore—strong performance across data and outsourcing verticals.
REC Ltd.
REC reported a robust Q1 with consolidated net profit rising 29% YoY to ₹4,465.7 crore. The company declared an interim dividend, signalling management’s confidence in its credit portfolio and capital strength.
Phoenix Mills
Q1 net profit rose 3.5% YoY to ₹240.7 crore with revenue at ₹953 crore. The company also announced plans to buy 49% stake in subsidiary Island Star Mall Developers from CPP Investments for ₹5,449 crore.
KFin Technologies
KFin’s Q1 profit increased 13.5% YoY to ₹77.3 crore; revenue rose 15.4% to ₹274 crore. EBITDA margins remained steady at ~41.5%, showcasing consistent growth in the tech-led financial services segment.
BEL (Bharat Electronics)
BEL secured ₹563 crore worth of fresh defence orders, including contracts for maritime and communication systems, reaffirming its strong order pipeline and public sector visibility.
Wipro
The IT services major announced it has won a multi-year IT contract from Saudi Arabia’s National Grid for meter data modernization. The deal reinforces Wipro’s traction in the Middle East markets.
eMudhra
Q1 profit soared 39.4% YoY to ₹24.9 crore, while revenue surged 59.3% to ₹147.3 crore. Its US arm eMudhra Inc will acquire 100% stake in cybersecurity firm AI Cyber Forge Inc, USA.
Tanla Platforms
Q1 net profit dropped 16.2% YoY to ₹118.4 crore, despite a 3.8% revenue increase. Margin pressures continue amid rising competition in CPaaS.
Cyient
Q1 PAT grew 6.9% to ₹153.8 crore, while revenue increased 2.2% to ₹1,711.8 crore. Growth was moderate but consistent across engineering and digital solutions.
Trident
Profit spiked 89.8% YoY to ₹140 crore. However, revenue slipped marginally by 2% to ₹1,706.9 crore.
UTI AMC
Q1 profit declined 6.8% to ₹236.9 crore, even as revenue rose 3.3% to ₹546.9 crore.
Suryoday Small Finance Bank
Q1 profit halved to ₹35 crore. Gross NPA and Net NPA worsened to 8.5% and 5.6% respectively, reflecting asset quality stress.
Aether Industries
Q1 profit rose 57.1% YoY to ₹47 crore, while revenue jumped 42.3% to ₹256.1 crore—driven by strong growth in specialty chemicals.
Anant Raj
Q1 profit surged 38.3% YoY to ₹125.9 crore, and revenue rose 25.6% to ₹592.4 crore, supported by sustained real estate momentum.
Johnson Controls-Hitachi AC India
Profit tanked 57.8% YoY to ₹15.3 crore and revenue dropped 14.4% to ₹852.6 crore due to weak seasonal demand.
Corporate actions & updates
Adani Enterprises
Announced a 50:50 joint venture with MetTube Mauritius. The partnership aims to enter the copper tube manufacturing segment for HVAC applications. Additionally, Adani will acquire 50% in MetTube Copper India.
GR Infraprojects
Declared L-1 for Giridih Bypass EPC project in Jharkhand valued at ₹290.2 crore, reinforcing its robust infra order book.
Sun Pharma
Its US subsidiaries reached a $200 million antitrust settlement in Pennsylvania. The resolution removes a key legal overhang.
Enviro Infra Engineers
Bagged an EPC contract worth ₹221.3 crore from Bangalore Water Supply and Sewerage Board for STP and water reuse projects.
Bulk deals
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Kajaria Ceramics: Long Term India Fund bought 12.5 lakh shares at ₹1,180.
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Kilburn Engineering: SBI MF bought 7.56 lakh shares at ₹505.
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IEX: Pictet Indian Equities sold 60 lakh shares at ₹131.5.
Stocks trading ex-dividend today
Includes HDFC Bank, UltraTech Cement, Union Bank, Zydus Lifesciences, Divis Labs, LIC, Lupin, and Timken India among others.
Other watchlist stocks
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Larsen & Toubro: Torrent Power is in talks to buy its thermal business for $1 billion, per Bloomberg.
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Jtekt India trades ex-date for rights issue.
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Shine Fashions trades ex-bonus today.
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Kellton Tech and RIR Power Electronics trade ex-split.
Disclaimer: The above article is for informational purposes only and is based on publicly available data. It does not constitute investment advice or a recommendation. Readers are advised to consult their financial advisor before making any investment decisions.
