Indian equity benchmark indices experienced significant declines on Tuesday, May 12, 2026, influenced by geopolitical tensions, consistent foreign institutional investor (FII) outflows, and a weakening Indian rupee. The BSE Sensex plunged 1,456.04 points (1.92%) to close at 74,559.24, while the NSE Nifty50 fell 436.30 points (1.83%) to finish at 23,379.55. Several companies are making headlines due to their latest quarterly results and corporate actions.
Key Company Updates on May 13, 2026
Dr Reddy's Laboratories
The pharmaceutical major reported an 86% year-on-year (YoY) fall in net profit, reaching Rs 221 crore for the March 2026 quarter. Revenue also dropped 11.5% YoY to Rs 7,546 crore. EBITDA was down 60.4% YoY at Rs 981 crore, with margins contracting sharply to 13%. The company's board announced a dividend of Rs 8 per share.
Tata Power Company
Tata Power's utility arm saw a 4% YoY decline in net profit, settling at Rs 996 crore, while revenue decreased 13% YoY to Rs 13,900 crore for the quarter ended March 31, 2026. EBITDA fell 20% YoY to Rs 2,599 crore, with margins at 17.4%. The company declared a final dividend of Rs 2.50 per share.
Vodafone Idea
The telecom player's board is scheduled to consider its standalone and consolidated audited financial results for Q4FY26 on May 16. Additionally, the board will evaluate a proposal for raising funds through the issuance of equity shares and/or warrants on a preferential basis.
MTAR Technologies
The defence sector firm reported a significant surge in its Q4FY26 performance, with net profit increasing by over 220% YoY to Rs 44.28 crore. Revenue zoomed more than 67% YoY to Rs 306.7 crore. EBITDA margins improved by 131 basis points to 20.4%, leading to an 81% surge in EBITDA, reaching Rs 61.7 crore.
Rail Vikas Nigam (RVNL)
The state-run railway firm emerged as the lowest bidder (L1) for an Engineering, Procurement, and Construction (EPC) project from South East Central Railway. The contract, valued at Rs 221.3 crore, involves the replacement of panel interlocking with electronic interlocking, including all indoor and outdoor gears, OFC huts, and the construction and electrification of S&T service buildings.
Dixon Technologies India
The Electronic Manufacturing Services (EMS) major reported a 36% YoY crash in net profit to Rs 256 crore, despite a 2.1% YoY increase in revenue to Rs 10,511 crore for the March 2026 quarter. EBITDA dropped 7.8% YoY to Rs 408.4 crore, with margins narrowing to 3.9%. The company board approved a final dividend of Rs 10 per share.
Sagility
The IT solutions and services provider announced a 41.2% YoY jump in net profit, reaching Rs 257.7 crore, for the quarter ended March 31, 2026. Revenue rose 29% YoY to Rs 2,024.26 crore. EBITDA grew 30% YoY to Rs 484.5 crore, with EBITDA margins remaining stable at 24% YoY. Organic growth stood at 25.8% YoY.
Nazara Technologies
The gaming company reported a manifold jump in net profit to Rs 55.7 crore, though its revenue fell 23.5% YoY to Rs 520.2 crore for the March 2026 quarter. EBITDA more than doubled to Rs 74 crore, and EBITDA margin expanded to 18.6%. Gaming revenue specifically increased 78% YoY during the quarter.
Other Noteworthy Mentions
- Torrent Power: Reported a 70% YoY crash in net profit to Rs 318.2 crore for Q1 2026, with revenue remaining flat. Announced a final dividend of Rs 5 per share.
- PNC Infratech: Executed a settlement agreement with the National Highways Authority of India for Rs 234.99 crore under the 'Vivad Se Vishwas II' scheme.
- Texmaco Rail & Engineering: Posted a 45% YoY jump in net profit to Rs 57.7 crore. Received a Letter of Award (LoA) worth Rs 4,045 crore from Tsiko Africa Logistics and Barberry Holdings.
- Kalpataru: Saw a manifold surge in net profit to Rs 200.5 crore, with revenue surging 184% YoY to Rs 1,693.7 crore.
- Interarch Building Solutions: Secured a contract worth Rs 102 crore for a pre-engineered steel building system.
- Neuland Laboratories: Reported an 8-times jump in net profit to Rs 212.67 crore and a 136% YoY revenue increase for the January-March quarter.
- United Breweries: Announced that a tax demand order of Rs 275 crore has been reduced to nil by the Maharashtra Sales Tax Tribunal.