The Q1FY26 earnings season is in full swing, with Axis Bank reporting a 4% YoY decline in net profit to ₹5,806 crore, missing estimates, while CEAT saw profit drop 27.7% despite strong revenue growth. In contrast, LTIMindtree and Indian Hotels…
Shares of Sunteck Realty ended 1.1% lower ahead of the results.
Veranda Learning has launched a ₹380 crore QIP at a 15% discount, confirming a CNBC-TV18 Newsbreak, with proceeds earmarked for debt repayment and business growth acceleration.
Wipro ADRs rose 3.7% to $3.07 after the company reported in-line Q1 results and healthy deal bookings.
The Nifty traded sideways during the first half of Thursday’s session, but selling pressure in the latter half dragged the index lower to close on a negative note, though it managed to end slightly above the 25,100 mark.
CEAT reported a 27.7% YoY drop in Q1 FY25 net profit to ₹112 crore, even as revenue rose 10.5% to ₹3,529 crore. The company also announced a ₹450 crore capex to expand its Chennai plant by FY27.
Shares of Indian Hotels closed 0.4% higher ahead of the results, at a price of ₹754.05 on the BSE.
Axis Bank’s profitability also took at hit as asset quality deteriorated from the March quarter and provisions saw a sharp jump across timeframes.
The Chennai-based company’s stock has seen significant activity over the last month. Shares of the company have jumped as much as 35% in the period.
NTPC shares ended largely unchanged today at a price of ₹342.55 on the BSE, even as the broader market underperformed.