Equity markets will be tracking a range of corporate announcements and quarterly earnings today. Several major companies across sectors have reported their March quarter results, while others have announced business developments or regulatory approvals. Here are the key stocks in focus on May 9:
Titan Company surprised positively on the margin front in its latest earnings report and also unveiled a succession plan, which could have implications for leadership continuity and investor sentiment.
Bharat Petroleum Corporation Ltd (BPCL) has bagged a contract to set up a 100 MW wind energy project, with 50 MW capacity each in Madhya Pradesh and Maharashtra.
Larsen & Toubro (L&T) posted a March quarter performance that was broadly in line with market estimates. The engineering and construction major also issued a positive guidance for FY26, despite coming off a high base.
Biocon delivered a better-than-expected Q4 performance, led by a 46% year-on-year growth in revenues from its generics business.
Pidilite Industries reported results largely in line with analyst expectations. The company registered a healthy underlying volume growth of 9.8%.
Britannia Industries exceeded Q4 estimates, although its volume growth stood at 3%, falling short of the expected 5–6%.
Jindal Stainless posted earnings that were largely in line with analysts’ expectations. The company also reported a decline in net debt, which could improve its financial profile going forward.
Kalyan Jewellers reported a 35% year-on-year rise in EBITDA, while revenue increased 36.6% in the same period.
Lupin received final approval from the US Food and Drug Administration (US FDA) for Raltegravir, a drug used in the treatment of HIV, under the ANDA route.
Brigade Enterprises has acquired an 11-acre land parcel in Whitefield, Bengaluru. The estimated gross development value of the project is ₹2,000 crore.
REC Ltd. reported a 37.6% increase in net interest income (NII), while net profit rose 5.5% year-on-year.
Zee Entertainment saw a 42% jump in EBITDA during the quarter, with margins improving to 13.6% compared to 9.7% a year ago.
Garden Reach Shipbuilders & Engineers delivered an Anti-Submarine Warfare (ASW) Shallow Water Craft to the Indian Navy, marking a key milestone in its defence production timeline.
Union Bank of India reported a modest year-on-year increase in NII. Its asset quality showed improvement, with net non-performing assets (NPA) dropping to 0.63% from 0.82% on a sequential basis.
Dilip Buildcon reported a significant improvement in operating performance. EBITDA rose to ₹660.8 crore from ₹329.8 crore in the year-ago period, with margins expanding from 9.8% to 21.3%.
Zydus Lifesciences secured final US FDA approval for Glatiramer Acetate, a drug indicated for the treatment of multiple sclerosis.
On the other hand, a few stocks may remain under pressure due to weak earnings:
Multi Commodity Exchange (MCX) missed street expectations in its Q4 earnings. Margins contracted sharply by 909 basis points on a quarter-on-quarter basis.
Sula Vineyards reported a 3.4% decline in EBITDA for the March quarter, with margins slipping to 22.6% from 24% in the year-ago period.
Vesuvius India saw its EBITDA drop by 14% in Q1CY25. Margins also narrowed to 17% from 21% a year earlier.
IIFL Finance reported a sharp 76.7% fall in net profit and a 40% drop in NII on a year-on-year basis.
Chambal Fertilisers posted a 7.4% decline in revenue and a 1.9% fall in EBITDA compared to the previous year.
Aarti Industries reported a 5.3% drop in EBITDA for the quarter, with operating margins compressing to 13.8% from 16% year-on-year.
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