Stocks To Watch Today: SBI, Tech Mahindra, L&T Tech, Angel One, Reliance Power, Maruti Suzuki

Tech Mahindra Q1 FY26 Highlights (Consolidated, QoQ)

• Revenue flat at Rs 13,351.20 crore versus Rs 13,384 crore (Bloomberg Estimate: Rs 13,422 crore).

• EBIT up 7% at Rs 1,477.10 crore versus Rs 1,378 crore (Bloomberg Estimate: Rs 1,480 crore).

• Margin at 11.1% versus 10.3% (Bloomberg Estimate: 11%).

• Net profit down 2% to Rs 1,140.60 crore versus Rs 1,166.70 crore (Bloomberg Estimate: Rs 1,198 crore).

• Dollar revenue of $1,564 million up 1% QoQ, up 0.4% YoY.

• Revenue (in cc) down 1.4 % QoQ, down 1% YoY.

• Revenue of Rs 13,351 crore down 0.2% QoQ, up 2.7% YoY.

• IT segment up 0.7% QoQ, BPS segment up 2.9% QoQ.

• 12-month IT attrition stands at 12.6% versus 11.8% (QoQ).

L&T Technology Services Q1 Fiscal 26 Highlights (Consolidated, QoQ)

• Revenue down 3.9% to Rs 2,866 crore versus Rs 2,982 crore. (Bloomberg estimate: Rs 2,931 crore).

• EBIT down 3% to Rs 381.30 crore versus Rs 394 crore. (Bloomberg estimate: Rs 399 crore).

• EBIT margin at 13.3% vs 13.2% (Bloomberg estimate: 13.6%).

• Net profit up 1% to Rs 315.70 crore versus Rs 311 crore. (Bloomberg estimate: Rs 317 crore).

• Expect to clock double-digit growth in fiscal 2026.

• Maintain medium-term outlook of $2 billion revenue.

Le Travenues Q1 FY26 (Consolidated, YoY)

• Revenue up 73% to Rs 314 crore versus Rs 182 crore

• Ebitda up 52% at Rs 25.5 crore versus Rs 16.8 crore

• Margin at 8.1% versus 9.2%

• Net profit up 28.48% to Rs 19.08 crore versus Rs 14.85 crore

JTL Industries Q1 FY26 (Consolidated, YoY)

• Revenue up 5.5% to Rs 544 crore versus Rs 516 crore

• Ebitda down 41.5% at Rs 23.4 crore versus Rs 40 crore

• Margin at 4.3% versus 7.8%

• Net profit down 46.8% to Rs 16.3 crore versus Rs 30.7 crore

Angel One Q1 FY26 (Cons, QoQ)

• Total Income up 8.03% at Rs 1143 crore versus Rs 1058 crore.

• Net profit down 34.48% at Rs 114 crore versus Rs 174 crore.

• Total number of Orders grew by 4.8% QoQ to 34.3 cr vs 32.7 cr

• F&O Orders grew by 4.5% QoQ to 24.1 cr vs 23 cr

• Cash orders remained flat at 7.5 cr

• Asset Mgmt AUM as of June 2025 stood at Rs 340 cr

• Wealth Mgmt grew by 33.6% QoQ to Rs 5070 cr as of June 2025.

Turnover Market share

• Based on Option Premium Turnover

• Overall Equity degrew by 17 bps QoQ at 19.7% vs 19.9%

• F&O degrew by 47 bps QoQ at 21% vs 21.4%

• Cash grew by 46 bps QoQ at 18% vs 17.5%

• Commodity degrew by 72 bps QoQ at 57% vs 57.7%