Indian equity markets witnessed mild changes on Tuesday, July 28, 2026, ahead of crucial central bank policy outcomes and ongoing inflationary concerns. As the market prepares for Wednesday's opening bell on July 29, several prominent stocks are expected to be in focus due to recent financial disclosures and corporate actions.
Key Company Highlights and Financial Results
Larsen & Toubro (L&T)
The engineering and capital goods giant, L&T, reported a 14% year-on-year (YoY) increase in net profit, reaching Rs 4,123 crore for the June 2026 quarter. Revenue also grew by 7% YoY to Rs 67,942 crore. Despite these gains, its EBITDA saw a 3% YoY decline to Rs 6,116 crore, with margins contracting by 90 basis points to 9%. Group order inflow, however, surged 14% YoY, totaling Rs 1.08 lakh crore for the quarter.
NTPC
The President of India has extended the re-employment of Gurdeep Singh as Chairman & Managing Director of NTPC on a contract basis. This extension is for a further six months, effective from August 1, 2026, following the completion of his current tenure on July 31, 2026.
Life Insurance Corporation of India (LIC)
LIC's board has appointed Shatmanyu Shrivastava, Executive Director (Finance & Accounts), as the new Chief Financial Officer (CFO) of the corporation. His appointment became effective on July 28, 2026.
Tata Capital
The non-banking financial company (NBFC) showcased robust performance, with its net profit jumping 56% YoY to Rs 1,547 crore for the June 2026 quarter. Total income increased by 23% YoY to Rs 4,455 crore. Tata Capital's assets under management (AUM) also expanded significantly, rising 22% YoY to Rs 2.91 lakh crore, reflecting strong growth across its lending segments.
Rail Vikas Nigam (RVNL)
The state-run railway firm received a Letter of Acceptance (LoA) from East Central Railway for doubling works on a 25T Indian Railway Standard Loading track. This project, valued at Rs 358.97 crore, involves construction from Kundawa Chainpur to Raxaul as part of the Sitamarhi-Raxaul section doubling in the Samastipur Division.
Phoenix Mills
The real estate developer reported a 23.3% YoY rise in net profit to Rs 296.9 crore for the June 2026 quarter, with revenue growing 12.8% YoY to Rs 1,074.9 crore. Operating EBITDA increased by 13.7% YoY to Rs 641.5 crore, and the EBITDA margin improved to 59.7%. Portfolio-wide retail consumption also saw a substantial increase, surging 32% YoY to Rs 4,727 crore during the quarter.
Paradeep Phosphates
The fertilizer manufacturer posted a 23.9% YoY increase in net profit, reaching Rs 392.5 crore for the June 2026 quarter. Revenue surged 36% YoY to Rs 6,124.3 crore. However, the EBITDA margin declined to 11.76% from 12.89% a year ago. The company's board also approved an investment of approximately Rs 250 crore for establishing an Aluminium Fluoride (AlF3) plant at its Paradeep facility.
Birlasoft
The IT services company announced a 51.3% YoY jump in net profit to Rs 161 crore for the June 2026 quarter. Revenue increased by 7.4% YoY to Rs 1,379.4 crore. EBITDA margin recovered to 16.1% from 10.3% in the previous year. Birlasoft also secured total contract value (TCV) deals worth $169 million during the quarter, a 20% YoY increase, significantly driven by AI-led engagements.
Graphite India
The US Department of Commerce has preliminarily imposed a 3.68% countervailing duty on exports of large-diameter graphite electrodes from Graphite India. This follows preliminary affirmative determinations in the countervailing duty (CVD) investigations.
RPG Life Sciences
The pharmaceutical company reported a 17% YoY increase in net profit to Rs 30.8 crore for the June 2026 quarter, with revenue rising 15.8% YoY to Rs 195.7 crore. EBITDA climbed 17.9% YoY to Rs 48 crore, and the EBITDA margin expanded by 40 basis points to 24.5%.
Other Notable Mentions
- DCM Shriram: Reported a more than six-fold jump in net profit to Rs 692.8 crore, with revenue up 9.5% YoY to Rs 3,784.7 crore for the June 2026 quarter.
- VST Industries: Experienced a 24.4% YoY decline in net profit to Rs 42.4 crore and a 13.9% YoY fall in revenue to Rs 256.5 crore for the June 2026 quarter.
- Sanofi Consumer Healthcare India: Saw a 13.3% YoY rise in net profit to Rs 68.8 crore and a 6.7% YoY increase in revenue to Rs 235.7 crore for the June 2026 quarter.
- Euro Panel Products: Commissioned a new 2.2 MW grid-connected solar facility in Surat, bringing the company's total operational solar capacity to 3.6 MW.
Ex-Dividend Stocks Today
Shares of Alembic Pharmaceuticals, ASM Technologies, Godrej Agrovet, IFGL Refractories, Rane (Madras), Route Mobile, Shakti Pumps India, Siemens, TTK Prestige, and Ugar Sugar Works are trading ex-dividend today.
Companies Announcing Quarterly Results Today
Several companies are scheduled to announce their June 2026 quarter results today, including Asian Paints, Adani Enterprises, Eicher Motors, Adani Ports and Special Economic Zone, Colgate Palmolive (India), Bajaj Housing Finance, CarTrade Tech, Dabur India, Hexaware Technologies, Jammu & Kashmir Bank, KPIT Technologies, Karnataka Bank, MTAR Technologies, Waaree Energies, ACME Solar, Piramal Pharma, and Aequs.