NMDC reported flat revenue despite the sustained demand for iron ore. IRFC said net income in the June quarter edged slightly higher. Balrampur Chini reported a decline in profit because of a shortage of sugarcane crops.
Trent extended 4-day gains to 25% after the company reported a surge in revenue and earnings in the June quarter. Grasim Industries reported a decline in net income in the June quarter. Aurobindo Pharma said net income and sales advances were driven by sales strength in key markets.
ABB India reported solid quarterly results. Eicher Motors reported a double-digit increase in sales and earnings in the June quarter. SAIL reported a decline in revenue and earnings in the latest quarter.
Gujarat Pipavav said container transhipment and dry bulk volume declined in the fiscal first quarter. Apollo Tyres, Balaji Amines, and Lemon Tree Hotels reported a decline in earnings in the June quarter.
PB Fintech soared to a record high after the online insurance marketplace operator reported profit in the third quarter in a row. Gulf Oil Lubricants reported a rise in sales and earnings in the June quarter. Quarterly results diverged for Lupin and Gland Pharma.
BLS International reported solid quarterly results. Tata Chemicals reported a sharp decline in earnings following a fall in revenue in the June quarter. V-Mart said quarterly net income swung to a profit.
Zomato reported a surge in quarterly revenue and earnings driven by gains in its quick commerce unit. ITC said quarterly earnings edged slightly lower in weakness among several of its business units. Tata Motors plans to spin off its Jaguar Land Rover unit as a separate listed company.
HPCL said gross refining margins plunged 90% amid higher feed stocks. ACC reported a decline in quarterly earnings. Colgate-Palmolive reported higher sales and earnings in the June quarter.
IndusInd Bank reported an increase in net interest income, net income, and gross non-performing asset ratio. ICICI Bank said net income and net interest income advanced in the latest quarter. Interglobe Aviation said quarterly income declined doe to higher fuel and operating costs.
Ashok Leyland reported a decline in earnings but guided a strong annual outlook. Tech Mahindra revenue and earnings rose but fell short of market expectations. Canara Bank's net interest income and net income rose in the latest quarter.
IDBI Bank reported higher quarterly income because of a one-time benefit in taxes and lower credit loss provisions. Axis Bank said quarterly profit rose from a year ago but declined from the previous quarter. L&T reported a double-digit increase in quarterly sales and net income.
Rail, power, and shipping stocks were in focus ahead of the release of the Union Budget. Suzlon reported that revenue and net profit in the June quarter soared amid rising demand for wind turbines.
Tata Technologies reported weak quarterly results. Rallis India and Infosys reported a sharp decline in profit in the latest quarter. Shoppers Stop's net income in the June quarter swung to a net loss.
Asian Paints reported a decline in earnings and revenue in the June quarter amid heightened competition. Just Dial reported a surge in earnings after revenue rose by double digits. KEC Electric won several orders for transmission and distribution projects.
