ITC, Maruti Suzuki, Persistent Systems, NCC, and Zee Entertainment are among the top stocks to watch after Q1FY27 earnings and key corporate updates. While ITC, Maruti Suzuki, and Persistent Systems reported mixed results, NCC and BEL won major orders, Lupin received USFDA approval, and Zee Entertainment approved a ₹3,143.5 crore promoter warrant issue.
Some of the leading corporations that have issued their quarterly earnings and corporate updates for the June period will be in the limelight come Monday following their earnings and corporate announcements after the close of trading on Friday. Although there have been some reports of good revenue performances by some firms, the bottom line suffered due to the escalating costs.
ITC and Maruti Suzuki Report Mixed Quarterly Performance
The results of ITC Ltd. were tepid in the June quarter, with the company's revenue falling by 14.4% to ₹16,908 crore. Profit after tax witnessed a drop of 27.1% to ₹3,579 crore. Similarly, EBITDA saw a reduction of 27.9% to ₹4,514 crore. However, the company's EBITDA margin narrowed significantly to 26.7% from 31.7% last year. On the positive side, revenue from cigarettes shot up by 81%, while that from FMCG products was up by 53%. But revenue from its agri business dropped 17%.
The performance of Maruti Suzuki Ltd. was mixed in the June quarter. There was an increase of 35.9% in revenue to ₹52,456 crore owing to higher volume sales. However, the company faced pressure on profits due to higher raw material costs, which went up by 46% to ₹32,000 crore. This resulted in a decline of 10.8% in net profit to ₹3,352 crore and 14.5% in EBITDA. Its EBITDA margin contracted to 8.2%. Separately, the company's board approved four compressed biogas (CBG) projects involving an investment of ₹561 crore.
Persistent Systems Faces Margin Pressure
In terms of revenue generation, Persistent Systems Ltd. registered sequential growth, with a rise in revenue of 6.1% to ₹4,303 crore during Q1FY27. Profitability was an issue for the company as its net profit fell by 8.7% to ₹483 crore, whereas its EBIT declined by 11.8% to ₹582 crore. The EBIT margin for the company shrank by 280 basis points to 13.5%.
Order Wins and Regulatory Approvals Boost Business Outlook
NCC Ltd., an infrastructure firm, won three new contracts amounting to ₹1,052.71 crore in its Buildings and Water segments, thus boosting its pipeline execution.
BEL (Bharat Electronics Ltd.), an enterprise operating in defence segment, has won new contracts of ₹847 crore since July 13, improving its revenue visibility for upcoming quarters.
U.S. FDA approval was given to Lupin Ltd.'s product – Diazepam Injection USP. It will cater to $77.9 million of annual opportunity in the U.S. market.
Corporate Developments Keep Investors Engaged
The issuance of 24.95 crore promoter warrants by Zee Entertainment Enterprises Ltd. at ₹126 per share for a capital contribution of ₹3,143.5 crore was approved by the shareholders. The shareholders also sanctioned the allotment of 3.74 crore employee stock options.
ONGC Ltd. continued holding its 50% stake in Bharat Ethane One IFSC and Bharat Ethane Two IFSC by receiving 71.57 lakh shares of each joint venture.
InterGlobe Aviation Ltd., which operates IndiGo flights, declared that it would end its wide-body damp lease contract with Norse Atlantic Airways on October 25, 2026, along with announcing its international expansion plans for the long term.
On the other hand, Thomas Cook (India) Ltd. incurred a quarterly net loss of ₹92 crore amid its impressive 43.9% hike in its revenue, whereas Aadhar Housing Finance Ltd. recorded a profitable performance with an increase of 19% in its net profit and 17.1% in its total income.
