Indian equity markets are poised for a weak opening on Friday, November 6, 2026, as GIFT Nifty futures on the NSE International Exchange showed a decline of 123 points, or 0.50 percent, trading at 24,465. This downturn reflects broader weak global cues originating from markets in the US and Asia, with sentiments dampened by what analysts are calling an 'AI carnage'.
Key Companies Under Scrutiny
Several prominent companies are expected to be in the spotlight today, following the announcement of their quarterly financial results. Investors will be closely watching their performance and future outlook.
Oil & Natural Gas Corporation (ONGC)
The state-run oil and gas giant reported a robust performance for the September 2026 quarter. Its standalone net profit surged by 57.3 percent year-on-year to Rs 15,489 crore, while revenue increased 32.8 percent to Rs 43,875 crore. EBITDA stood at Rs 24,860 crore, with margins at 56.7 percent. ONGC also declared an interim dividend of Rs 8 per share.
Bharti Airtel
The telecom major posted a 31 percent year-on-year jump in net profit, reaching Rs 8,887.5 crore for the three months ending September 30, 2026. Revenue grew 16.7 percent to Rs 60,878 crore. EBITDA rose 17.8 percent to Rs 35,240 crore, with an EBITDA margin of 57.58 percent. Average Revenue Per User (ARPU) improved to Rs 271.
Titan Company
Part of the Tata Group, the jewellery and lifestyle products retailer saw its net profit soar by 56.3 percent year-on-year to Rs 1,572 crore in the September 2026 quarter. Revenue increased 7.8 percent to Rs 17,830 crore. EBITDA climbed 62.1 percent to Rs 2,626 crore, pushing margins to 14.7 percent.
Britannia Industries
The FMCG leader reported a 10.2 percent year-on-year increase in net profit to Rs 721 crore for the July-September 2026 quarter. Revenue grew 15.6 percent to Rs 5,597.8 crore. However, EBITDA increased by a more modest 7 percent to Rs 1,022 crore, with margins contracting by 150 basis points to 18.2 percent.
Glenmark Pharmaceuticals
Glenmark Pharma's net profit saw a 56.7 percent year-on-year rise to Rs 264 crore for the quarter ending September 30, 2026. Conversely, revenue dropped significantly by 29.8 percent to Rs 4,247.3 crore. EBITDA plunged 63.4 percent to Rs 864 crore, with margins contracting sharply by 1,900 basis points to 20 percent.
Other Companies in Focus
- Kalpataru Projects International: Reported a 20.4% YoY net profit jump and 7.3% revenue increase, though EBITDA margins narrowed.
- Godfrey Phillips India: Experienced a 37.7% YoY fall in net profit despite a 157.2% surge in revenue, declared an interim dividend of Rs 10 per share.
- KNR Constructions: Received a Letter of Acceptance (LoA) for a Rs 1,396.54 crore elevated corridor project in Hyderabad.
- Lemon Tree Hotels: Saw net profit jump 63.7% YoY and revenue increase 18% YoY, with improved EBITDA margins.
- Ashoka Buildcon: Declared L1 bidder for an Rs 865.90 crore eight-lane expressway project under NHAI in Gujarat.
- Sula Vineyards: Reported a 35% YoY net profit increase and 3.5% revenue growth.
- eMudhra: Net profit rose 26.3% YoY with a 19.6% increase in total income.
Additionally, several companies including Hindalco Industries, Honasa Consumer, Siemens, and Voltas are scheduled to announce their September 2026 quarter results today. A long list of companies, including NTPC, Power Grid Corporation, and National Aluminium Company, will trade ex-dividend.