Q1 Results Live Updates: Maruti Suzuki, ITC, Dixon Tech, Indian Oil, Sun Pharma, Bajaj Finserv Earnings In Focus

Mahindra & Mahindra Group CEO and MD Anish Shah told NDTV Profit that the company delivered a profitable first quarter despite a challenging operating environment, reflecting the resilience of its business. 

Shah said labour shortages affected SUV production during the June quarter but expressed confidence that production of both internal combustion engine (ICE) vehicles and electric vehicles (EVs) will ramp up going forward.

He added that government support has helped the transition from ICE to EVs, while incentives for EVs are expected to decline as scale improves. Shah expects EV adoption to accelerate further with the expansion of charging infrastructure.

Thermax MD and CEO Ashish Bhandari told NDTV Profit that the June quarter was a challenging one, with the company taking a hit from higher project completion costs driven by engineering design changes and an inability to ship equipment worth Rs 300 crore to the Middle East. 

Bhandari said projects with lower profitability should largely be behind the company and that it has taken sufficient contingencies for select orders, adding that no further project cost overruns are expected.

He expects issues in the Bio-CNG business to be resolved this year, while order approvals delayed in Tamil Nadu due to a change in government are likely within a week.

Looking ahead, Bhandari said the company expects a significant improvement from the second quarter, with both profitability and revenue set to improve. He added that the order pipeline remains healthy, the order backlog has a strong international mix, and Thermax expects FY27 order inflows to exceed the previous year.

Hello and welcome to NDTV Profit’s live coverage of the Q1FY27 earnings season. This is Yukta, and I'll take you through one of the busiest days of the season. Over 100 companies report results today, including ITC, Maruti Suzuki India, Sun Pharma, Bajaj Finserv and Indian Oil Corporation.

We'll be tracking results and management commentary across sectors through the day, from consumer goods and autos to banking, pharma, energy and metals.

Stay with us as the numbers come in.

Key companies to watch include ITC, Dixon Technologies (India), Century Plyboards (India), Aditya Vision, Maruti Suzuki India, LG Balakrishnan & Bros, Bajaj Finserv, Aditya Birla Capital, Bajaj Holdings & Investment, Aadhar Housing Finance, Aptus Value Housing Finance India, ESAF Small Finance Bank, Sun Pharmaceutical Industries, Glenmark Pharmaceuticals, Strides Pharma Science, Concord Biotech, Narayana Hrudayalaya, Jupiter Life Line Hospitals, Indian Oil Corporation, GAIL (India), SJVN, Gujarat Mineral Development Corporation, ABB India, National Aluminium Company (NALCO), Shree Cement, Kirloskar Brothers, Voltamp Transformers, Blue Dart Express, Taj GVK Hotels & Resorts, Leela Palaces Hotels & Resorts, Shadowfax Technologies, and Urban Company.