Indian equity markets closed lower on Wednesday, impacted by rising US-Iran tensions that pushed crude oil prices higher and weakened the Indian rupee. The BSE Sensex fell 715.06 points (0.92%) to settle at 76,755.05, while the NSE Nifty50 declined 191.45 points (0.79%) to 23,996.25. Amidst this backdrop, several prominent stocks are expected to draw investor attention on Thursday, July 23, 2026, following their latest quarterly results and corporate announcements.
Key Company Updates
Dr. Reddy's Laboratories
The pharmaceutical giant reported a substantial decline in its first-quarter earnings for June 2026. Net profit plummeted 69% year-over-year to Rs 443.5 crore, with revenue also falling 6% to Rs 8,070.5 crore. EBITDA saw a sharp 55.7% drop, and margins contracted by 1,420 basis points to 12.5%. The North American market experienced a significant 35% reduction in revenue.
HCL Technologies
HCL Tech, a leading IT solutions provider, has partnered with TIM Brasil, Brazil's 5G leader, to implement South America's inaugural cross-platform eSIM transfer capability. This strategic move aims to enhance the mobile telephony experience for millions of users across Brazil through digital innovation.
IndusInd Bank
The private sector lender demonstrated strong performance in the June 2026 quarter, with net profit surging 46.5% year-over-year to Rs 1,002.5 crore. Net interest income (NII) grew 1% to Rs 4,684.7 crore. The bank also saw an improvement in its asset quality, with gross non-performing assets (NPA) reducing to 3.25% and net NPA easing to 0.95%. Provisions and contingencies decreased by 22.9%.
Hindustan Petroleum Corporation (HPCL)
The state-run oil marketing company reported a consolidated loss of Rs 11,526.4 crore for the June 2026 quarter, a stark contrast to the profit recorded in the same period last year. Despite these losses, HPCL's revenue from operations increased by 26.8% year-over-year to Rs 1,40,485 crore, supported by a strong Gross Refining Margin (GRM) of US $23.80 per barrel.
NTPC Green Energy
NTPC's renewable energy subsidiary posted robust growth in the first quarter of FY27. Net profit rose 38.3% year-over-year to Rs 304.8 crore, and revenue from operations climbed 62.7% to Rs 1,106.9 crore. However, operating margins slightly eased to 62.32%, and profit margins contracted to 27.54%.
Oracle Financial Services Software (OFSS)
OFSS delivered exceptional results for the June 2026 quarter, with net profit skyrocketing 120.5% year-over-year to Rs 1,415.5 crore. Revenue from operations increased by 68.7% to Rs 3,125.2 crore. The company's EBITDA surged over 122%, with margins expanding significantly by 1,500 basis points to 60%.
Nippon Life India Asset Management (NAM India)
The asset management firm reported a solid 27.2% year-over-year increase in net profit, reaching Rs 503.7 crore for the June 2026 quarter. Revenue from operations also saw a healthy rise of 26.4% to Rs 766.9 crore. Quarterly SIP (Systematic Investment Plan) flows improved by 13% year-over-year, totaling Rs 11,030 crore.
Other Noteworthy Mentions
- United Spirits: The liquor manufacturer saw an 11% rise in net profit to Rs 463 crore, with revenue growing 6.2%. However, sales volumes in its popular segment declined by 17.5% in certain states.
- Rubicon Research: The pharma research firm acquired a manufacturing facility in East Brunswick, New Jersey, for $2.9 million, establishing a US manufacturing presence.
- Tanla Platforms: The cloud communications company recorded a 20.1% increase in net profit to Rs 142.2 crore, and revenue from operations grew 17.8%.
- HEG: The graphite electrode producer reported a 16.7% increase in net profit to Rs 122.3 crore, with revenue up 11.1%. EBITDA saw a nearly 43% jump.