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Along with reacting to the results of Axis Bank, Wipro, LTIMindtree, and the likes, shares of Reliance Industries, Bandhan Bank, Hindustan Zinc and JSW Steel will be in focus as the companies report their June quarter results.
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The ADR of Axis Bank slipped nearly 5% to $64.3 on Thursday after the company reported a miss in profits amid worsening asset quality.
Several large deals were on back of vendor consolidation.
No bank more prudent than us in asset classification and upgrade criteria.
Unless there is a change in regulation, do not foresee any change in provisioning policy.
On stage three assets, we have adequate cover to meet ECL guidelines.
Source: Con Call
Nuvoco Vistas Q1 Highlights (Consolidated, YoY)
Revenue up 9% to Rs 2,873 crore versus Rs 2,636 crore
Net Profit at Rs 133 crore versus Rs 2.8 crore
Ebitda up 51% to Rs 519 crore versus Rs 343 crore
Margin at 18.1% versus 13%
Ceat Q1 Highlights (Standalone, YoY)
Revenue up 11.1% to Rs 3,520.70 crore versus Rs 3,168.20 crore
Net Profit down 9% to Rs 135.35 crore versus Rs 149.24 crore
Ebitda up 2% to Rs 391.05 crore versus Rs 381.53 crore
Margin at 11.1% versus 12.0%
Tata Communications Q1 Highlights (Consolidated, QoQ)
Revenue down 0.5% to Rs 5,959.85 crore versus Rs 5,990.35 crore.
Net Profit down 82% to Rs 190.14 crore versus Rs 1,040.51 crore.
Ebitda up 1% to Rs 1,136.81 crore versus Rs 1,122.08 crore.
Margin at 19.1% versus 18.7%
Notable slip in net profit owing to Rs 311.2 crore exceptional gain in the previous quarter.
Read the whole story here.
Sunteck Realty Q1 Highlights (Consolidated, YoY)
Revenue down 40.5% at Rs 188 crore versus Rs 316 crore.
Ebitda up 52% to Rs 47.7 crore versus Rs 31.4 crore.
Ebitda margin at 25.4% versus 9.9%.
Net profit up 46.8% to Rs 33.4 crore versus Rs 22.8 crore.
Pepsico Q2 FY26 Highlights
Net revenue at $22.73 billion (Estimate: $22.32 billion).
Organic revenue up 2.1% (Estimate: 1.15%).
Pepsico Foods North America revenue at $6.44 billion (Estimate: $6.37 billion).
Core EPS at $2.12 (Estimate: $2.03).
Shoppers Stop Q1 Highlights (Consolidated, YoY)
Revenue 8.6% up at Rs 1,161.08 crore versus Rs 1,069.31 crore.
Ebitda up 20% to Rs 171.51 crore versus Rs 142.92 crore.
Ebitda margin at 14.8% versus 13.4%.
Net loss at Rs 15.74 crore versus loss of Rs 22.72 crore.
Read the whole story here.
CFO Puneet Sharma:
Implementation of policy change is across portfolios
Credit card portfolio is stabilising
Early signs in personal loans encouraging
Stress should end in personal loan segment by end of H1
Don’t see any stress in wholesale book
Source: Con Call
CFO Puneet Sharma:
Adequately provided for stage-3 assets
ECL norms don’t apply to this technical impact
Retain our stance that NIM will remain around 3.80% throughout the cycle
Full 75 basis points rate cut will be passed through in the coming quarters
Technical impact on asset quality is not an RBI triggered change
Source: Con Call
MD & CEO Amitabh Chaudhry
Technical impact on our book is large, hopefully it will moderate after
CFO Puneet Sharma
Don’t apply policy changes prospectively
Now that Q1 has seen a technical impact due to policy changes, it will ease from here on
Will not make any further changes to policy regulations from here on
Source: Con Call
MD & CEO Amitabh Chaudhry
Should expect announcement of new ED as Rajiv Anand retires in August
Will grow loan book faster than average industry growth
Source: Con Call
MD & CEO Amitabh Chaudhry:
Platform is well poised to grow faster depending on market conditions
Don’t see much change in slippages barring spike in NPLs in agri
Slippages are stabilising
CFO Puneet Sharma
Slippages are not especially off as compared to previous quarters
Dominant part of slippages comes from retail
Source: Con Call
Jio Financial Services Q1 Highlights (Consolidated, YoY)
Net Profit up 3.8% to Rs 325 crore versus Rs 313 crore.
Total Income up 48.3% at Rs 619 crore versus Rs 418 crore.
Read the whole story here.
Indian Hotels Co Q1 Highlights (Consolidated, YoY)
Revenue 31.7% up at Rs 2,041.08 crore versus Rs 1,550.23 crore.
Ebitda up 28% to Rs 576.03 crore versus Rs 449.60 crore.
Ebitda margin at 28.2% versus 29%.
Net profit up 19% to Rs 296.37 crore versus Rs 248.39 crore.
Read the whole story here.
Trailing 12-month attrition is at 14.4%.
Revenue – Constant Currency terms grew by 0.8% QoQ and 4.4% YoY.
Order Inflow at $1.63 billion versus $1.60 billion QoQ, $1.40 billion YoY.
Source: Press Release
Srini Pallia, CEO & MD of Wipro:
AI is seen as a force reshaping industries an amplifying potential
Company building an AI everywhere enterprise
Co to focus on returning to profitable growth
Source: Presser
LTIMindtree Q1 Highlights (Consolidated, QoQ)
Revenue 0.7% up at Rs 9,840.60 crore versus Rs 9,771.70 crore. (Estimate: Rs 9,855 crore).
EBIT up 5% to Rs 1,406.50 crore versus Rs 1,345.40 crore. (Estimate: Rs 1416 crore).
EBIT margin at 14.3% versus 13.8%. (Estimate: 14%).
Net profit up 11% to Rs 1,254.10 crore versus Rs 1,128.50 crore. (Estimate: Rs 1,194 crore).
Read the whole story here.
Srini Pallia, CEO & MD of Wipro:
Consumer sector sees more cautious move
Retail, CPG and manufacturing have gotten majorly impacted by tariffs
Outsourcing renewals creating new opportunities
Health care business continues to do well
Company signed 16 large deals and two mega deals in the quarter
Source: Presser
Srini Pallia, CEO & MD of Wipro:
Company sees trend in AI & digitalisation
Confident about the second half of the fiscal on account of deal wins
Sees strong deal momentum in America
Europe continue to faces head winds
Camco business sees strong performance in Latin America
Source: Presser
360 One WAM Q1 Highlights (YoY)
Total income up 14.9% to Rs 211 crore versus Rs 184 crore.
Net Profit at Rs 112 crore versus Rs 26.7 crore.
Nothing very exciting in results, said analyst Rahul Jain on Wipro's Q1FY26 performance. Deal wins are better than expected, he said, stating the the estimate for deal wins was $2.3 billion.
Some of the vertical data points would be crucial to watch in earnings call, he added.
Total deposits grew 9% to Rs 11.61 lakh crore (YoY).
Advances grew 8% and to Rs 10.59 lakh crore (YoY).
Retail loans grew 6% to Rs 6.22 lakh crore (YoY).
Retail loans accounted for 59% of the net advances.
Share of secured retail loans was 72%.
Home loans comprised 27% of retail book.
Axis Bank applied technical parameters for recognising slippages, upgrades. Technical impact led to higher slippages.
Technical impact on Q1 profit after tax at Rs 614 crore.
Technical impact on Q1 return on assets at 15 basis points.
Technical impact on Q1 return on equity at 140 basis points.
Excluding technical impact, slippages would be at Rs 5,491 crore.
Axis Bank reported Rs 8,200 crore worth of fresh slippages.
This includes:
Rs 7,500 crore from retail.
Rs 403 crore from commercial banking.
Rs 297 crore from wholesale banking.
Clean Science Q1 Highlights (Consolidated, YoY)
Revenue up 8.4% to Rs 243 crore versus Rs 224 crore.
Ebitda up 5.5% to Rs 99.8 crore versus Rs 94.7 crore.
Margin at 41.1% versus 42.3%.
Net Profit up 6.3% to Rs 70.1 crore versus Rs 65.9 crore.
Axis Bank Q1 Highlights (Standalone, QoQ)
Axis bank NIM at 3.8% versus 3.97%.
Domestic NIM at 3.91% versus 4.08%.
Fresh slippages at Rs 8,200 crore versus Rs 4805 crore.
Axis Bank Q1 Highlights (Standalone, YoY)
NII up 1% to Rs 13,559.75 crore versus Rs 13,448.23 crore (Bloomberg Estimate: Rs 13,970 crore)
Net Profit down 3.8% to Rs 5,806 crore versus Rs 6,035 crore (Bloomberg Estimate: Rs 6,376 crore)
Provisions up 94% to Rs 3,948 crore versus Rs 2,039 crore
Net NPA at 0.45% versus 0.33% (QoQ)
Gross NPA at 1.57% versus 1.28% (QoQ)
Read the whole story here.
Wipro Q1 Highlights (Consolidated, QoQ)
Revenue down 1.65% to Rs 22,134 crore versus Rs 22,504.2 crore (Estimate: Rs 22,078 crore).
EBIT decreased 9.09% to Rs 3,548 crore versus Rs 3,902 crore (Estimate: Rs 3,783 crore).
EBIT margin contracted 128 basis points to 16.02% versus 17.3%. (Estimate: 17.1%).
Net profit fell 7.02% to Rs 3,336 crore versus Rs 3,588 crore (Estimate: Rs 3,249 crore).
Read the whole story here.
Sterling and Wilson Renewable Energy Q1 Highlights (Consolidated, YoY)
Revenue up 92.5% to Rs 1,761.63 crore versus Rs 915.06 crore.
Ebitda at Rs 85.46 crore versus Rs 24.68crore.
Margin at 4.9% versus 2.7%.
Net Profit up multifold to Rs 31.97 crore versus Rs 4.19 crore.
LTIMindtree Ltd. will also be reporting its results for the quarter on Thursday. The company is likely to report a net profit of Rs 1,194.1 crore and revenue of Rs 9,855.4 crore for the first quarter, according to estimates. Its EBIT is expected at Rs 1,416 crore, while margin will be at 14.3%.
While softer credit growth has reduced the bank's credit-to-deposit ratio, the headline reported number was slower than average industry loan growth of 5% on year. The bank's CD ratio has improved to 95% on quarter, Kotak Institutional Equities said.
Slower loan growth will also impact the bank's net interest income due to fall in yield on advances outpacing cost of deposits, Yes Securities said.
Heritage Foods Q1 Highlights (Consolidated, YoY)
Revenue up 10% to Rs 1,137 crore versus Rs 1,033 crore.
Ebitda down 21.2% to Rs 73.8 crore versus Rs 93.7 crore.
Margin at 6.5% versus 9.1%.
Net Profit down 30.7% to Rs 40.5 crore versus Rs 58.4 crore.
Polycab Q1 Highlights (Consolidated, YoY)
Revenue up 25.7% to Rs 5,906 crore versus Rs 4,698 crore.
Ebitda up 47% to Rs 858 crore versus Rs 583 crore.
Margin at 14.5% versus 12.4%.
Net Profit up 49.6% to Rs 592 crore versus Rs 396 crore.
Shares of HDFC Asset Management Company was trading marginally higher after the company posted a 24% uptick in its first quarter results. The Nifty 50 was trading 0.13% lower as of 2:00 p.m.
Shares of HDFC Asset Management Company was trading marginally higher after the company posted a 24% uptick in its first quarter results. The Nifty 50 was trading 0.13% lower as of 2:00 p.m.
HDFC AMC Q1 Highlights (YoY)
Total Income up 26.6% to Rs 1,200 crore versus Rs 948 crore.
Net Profit up 23.8% to Rs 748 crore versus Rs 604 crore.
South Indian Bank shares were up 1% after Q1 results showed a profit jump.
South Indian Bank shares were up 1% after Q1 results showed a profit jump.
South Indian Bank Q1 FY26 (Standalone, YoY)
Net profit up 9.5% at Rs 322 crore versus Rs 294 crore
Net Interest Income down 3.8% at Rs 833 crore versus Rs 866 crore
Gross NPA at 3.15% versus 3.2% (QoQ)
Net NPA at 0.68% versus 0.92% (QoQ)
Profit halved
Indian segment suffered the most, down 29%.
Employee cost down 13% sequentially.
Other incomes add some support, rising 164%.
Employee cost to revenue is at 52% versus 40% in Q4.
Shares of Newgen Software Technologies slide 5% after poor Q1 earnings.
Shares of Newgen Software Technologies slide 5% after poor Q1 earnings.
Newgen Software Q1 FY26 (Consolidated, QoQ)
Revenue down 25.4% at Rs 321 crore versus Rs 430 crore
EBIT down 72% at Rs 35.94 crore versus Rs 129 crore
EBIT margin at 11.2% versus 29.9%
Net profit down 54% at Rs 49.7 crore versus Rs 108 crore.
Axis Bank Ltd. is set to announce its June quarter results on Thursday, with analysts expecting mixed performance on account of pressure on margins, elevated slippages, and a seasonal uptick in operating costs.
According to a poll by Bloomberg, India's third-largest private sector bank is likely to report standalone profit after tax of Rs 6,375.77 crore, up over 5% on year. The bank's bottomline was Rs 7,117.5 crore a quarter ago.
Net Profit seen up over 5% at Rs 6,375.77 crore.
NII seen at Rs 13,970 crore, down 4%
NIM seen at 3.81%, lower than 3.97% (QoQ).
Read Axis Bank Q1 preview here.
Wipro Ltd. is set to announce its financial results for the first quarter of the financial year ending March 2026 on Thursday, with analysts expecting subdued performance amid weak client spending and macro uncertainties. The focus will be on its revenue trajectory, margin movement, and Q2 guidance.
Read Wipro Q1 Preview here.
Revenue seen down 2% to Rs 22,094 crore from Rs 22,504 crore
EBIT seen down 4% to Rs 3,779 crore from Rs 3,931 crore
EBIT margin expected at 17.1% versus 17.4%
Profit seen down 9% to Rs 3,252 crore from Rs 3,570 crore
As many as 37 companies are set to announce their financial performance for the quarter ended June 2025 on July 17. These companies belong to major sectors, including financial services, energy, and real estate, among others.
The leading players scheduled to release their June quarter results on Thursday include LTIMindtree, Jio Financial Services, Waaree Renewable Technologies and Axis Bank, among others.
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