Indian equity markets anticipate a busy start to the week on Monday, May 18, 2026, as several prominent companies announced their latest quarterly results and significant corporate actions. Key players like Tata Steel, Coal India, Power Grid Corp, Adani Ports & SEZ, Steel Authority of India (SAIL), and RBL Bank are among those expected to be in the spotlight.
Major Earnings Reports and Dividends
Tata Steel: The metal giant reported a substantial 147 percent year-on-year surge in net profit, reaching Rs 2,965 crore for the March 2026 quarter. Revenue also climbed 12.5 percent to Rs 63,270.13 crore. The company declared a final dividend of Rs 4 per share.
Power Grid Corporation of India: The state-run utility saw its net profit rise by 9.7 percent year-on-year to Rs 4,546.33 crore. However, revenue declined 5 percent to Rs 11,666 crore for the quarter. A final dividend of Rs 1.25 per share was announced.
Steel Authority of India (SAIL): SAIL posted a 46.6 percent year-on-year increase in net profit, reaching Rs 1,835.5 crore, with revenue growing 5.1 percent to Rs 30,813.5 crore in Q4FY26. The company proposed a final dividend of Rs 2.35 per share.
Balrampur Chini Mills: The integrated sugar manufacturer reported a 30.25 percent year-on-year fall in net profit to Rs 157.23 crore, despite a 6.67 percent increase in revenue to Rs 1,603.99 crore for the March 2026 quarter.
ITC Hotels: The hotel chain recorded a 23 percent year-on-year jump in net profit at Rs 315.9 crore, with revenue up 18.2 percent to Rs 1,253.7 crore for the quarter. The board also approved the acquisition of Zuri Hotels and Resorts for Rs 205 crore.
Godfrey Phillips: The cigarette maker experienced an 86 percent year-on-year rise in net profit to Rs 521.6 crore, and revenue soared 84.6 percent to Rs 3,485.54 crore for the first three months of 2026. A final dividend of Rs 33 per share was announced.
Strategic Developments and Corporate Actions
Coal India: The Department of Investment and Public Asset Management (DIPAM) has approved the listing of Mahanadi Coalfields (MCL), a Coal India subsidiary, through a fresh equity issue and the disinvestment of up to 25 percent of Coal India's stake in MCL via a public offering.
Adani Ports and Special Economic Zone: Adani Harbour International FZCO (TAHID), a subsidiary, has signed a Share Purchase Agreement to acquire a 51 percent stake in Meridian Transportes Marítimos SA.
RBL Bank: The private lender confirmed the completion of regulatory approvals for Emirates NBD Bank's strategic investment. Emirates NBD Bank (PJSC) has received approval to acquire more than 49 percent and up to a 74 percent stake in RBL Bank.
REC, PFC: The boards of directors have referred the proposal for the merger of REC into PFC for the approval of the President of India, seeking to maintain the merged entity's status as a Government company.
Onward Technologies: Shares of Onward Technologies will trade ex-date for a buyback on Monday.
Kaynes Technology India and SAIL: Both companies remain in the F&O ban for the day.
Other companies like Aurobindo Pharma, HFCL, EPACK Prefab Technologies, Fusion Finance, Muthoot Fincorp, Oswal Pumps, Gokul Agro Resources, and Cupid also reported significant financial results or corporate updates, indicating a dynamic start to the trading week for Indian stocks in news.