Several prominent companies are in the spotlight on Thursday, July 30, with new stock listings, quarterly financial results, and strategic corporate actions driving market interest. Investors are closely watching the performance across various sectors, from manufacturing and renewable energy to banking and FMCG.
New Listings: Indo-MIM, Lohia Corp, Xtranet Technologies Debut
Three companies, Indo-MIM, Lohia Corp, and Xtranet Technologies, officially debuted on the stock market today. These firms collectively raised approximately Rs 5,080 crore through their Initial Public Offerings (IPOs), which ran from July 23 to 27, marking a significant event for their respective industries.
Strong Q1 Earnings Reports
Several companies announced robust financial results for the quarter ending June 30, 2026:
Eicher Motors
The Royal Enfield manufacturer reported a 21.3% year-on-year (YoY) jump in net profit to Rs 1,462.5 crore. Revenue also saw a significant increase of 31.5% YoY, reaching Rs 6,632.4 crore. EBITDA stood at Rs 1,590 crore, with margins improving to 23.98%.
Waaree Energies
The renewable energy company posted a 14.1% YoY increase in net profit to Rs 850.2 crore, while revenue surged by 79.2% YoY to Rs 7,931.8 crore. Waaree Energies reported an impressive order book of approximately Rs 61,500 crore, with module production reaching 3.24 GW during the quarter.
Dabur India
The FMCG giant recorded a 15.3% YoY rise in net profit to Rs 586.2 crore, with revenue growing 10.6% YoY to Rs 3,764.4 crore. Its EBITDA increased by 10.9% YoY to Rs 741 crore, maintaining steady margins at 19.7%. The India FMCG business achieved 9.5% growth, supported by 5% underlying volume growth.
MTAR Technologies
The precision engineering firm saw its net profit jump nearly five-fold YoY to Rs 50.2 crore, as revenue surged 130.4% YoY to Rs 360.7 crore. EBITDA rose to Rs 85 crore from Rs 28 crore a year ago, with margins expanding to 23.5%.
Redington
The technology solutions provider reported a 76.5% YoY jump in net profit at Rs 486 crore, with revenue increasing 34.6% YoY to Rs 34,922.5 crore. EBITDA grew 76.6% YoY to Rs 707 crore, and operating margins expanded to 2.02%.
Laxmi Organic Industries
The specialty chemicals company reported a 216.4% YoY jump in net profit to Rs 67.7 crore, while revenue increased 39.7% YoY to Rs 968 crore. EBITDA surged 270.1% YoY to Rs 114 crore, with EBITDA margins at 11.81%.
TBO Tek
The travel distribution platform reported a 32.4% YoY rise in net profit at Rs 83.4 crore, while revenue surged 81.1% YoY to Rs 925.8 crore. Adjusted EBITDA increased 77% YoY to Rs 150 crore.
Key Corporate Developments
Punjab National Bank (PNB)
The state-run lender's board has approved a plan to raise up to $1.5 billion in foreign currency funds through a Medium-Term Note (MTN) Programme. This initiative will be executed via PNB's IFSC Banking Unit at GIFT City.
NBCC (India)
The state-run construction company has formalized an agreement with the Government of the Republic of Seychelles for the Ile Aurore Housing Project, valued at $75 million. The project includes 1,008 affordable housing units and associated infrastructure.
Vikran Engineering
The EPC solutions provider has successfully commissioned the strategically important 132 kV Miao-Namsai transmission line in Arunachal Pradesh, enhancing regional power infrastructure.
Hirect
The rectifiers player secured its first order from the United States for traction motor assemblies, marking its initial entry into the U.S. market. The order is scheduled for delivery during FY27.
Other Notable Q1 Results
- Bajaj Housing Finance: Net profit up 22.6% YoY to Rs 715.3 crore; AUM grew 24% YoY to Rs 1.49 lakh crore.
- Hexaware Technologies: Net profit declined 13% YoY to Rs 330.2 crore despite revenue rising 17.9% YoY to Rs 3,845.2 crore.
- ACME Solar Holdings: Net profit jumped 80% YoY to Rs 235.3 crore; revenue increased 67.8% YoY to Rs 857.5 crore.
- Prestige Estates Projects: Net profit declined 19.4% YoY to Rs 235.9 crore, though revenue rose 15.9% YoY to Rs 2,675.1 crore.
- Piramal Pharma: Narrowed net loss to Rs 69.4 crore; revenue increased 17.4% YoY to Rs 2,269.9 crore.
- Chalet Hotels: Net profit declined 57.6% YoY to Rs 86.1 crore; revenue fell 42.7% YoY to Rs 512.3 crore, though RevPAR rose 6%.
- Quess Corp: Net profit rose 60.9% YoY to Rs 81.9 crore; revenue grew 14.5% YoY to Rs 4,181.7 crore.
- MOIL: Net profit jumped 70.1% YoY to Rs 87.6 crore; revenue increased 6.6% YoY to Rs 370.9 crore.
- Vedanta Oil and Gas: Reported a net profit of Rs 945 crore (compared to a loss last year); revenue up 8.5% YoY to Rs 2,507 crore.
- Vedanta Power: Reported a net loss of Rs 423 crore (compared to a profit last year); revenue jumped 31.3% YoY to Rs 2,607 crore.
- Vedanta Iron and Steel: Reported a net profit of Rs 121 crore (compared to a loss last year); revenue increased 18.3% YoY to Rs 3,662 crore.