Several heavyweight stocks are likely to remain in focus today, led by Reliance Industries and major private banks after their Q1 FY27 earnings. While Reliance, HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank reported healthy profit growth, investors will also track key corporate developments such as NATCO Pharma's USFDA approval, GAIL's strategic minerals partnership, and acquisitions by Samvardhana Motherson. Regulatory actions involving Nuvama Wealth Management and SpiceJet are also expected to influence market sentiment.
Reliance Industries reported a 6.1% year-on-year increase in consolidated net profit to ₹23,196 crore for the first quarter, compared with ₹21,859 crore a year earlier. Gross revenue surged 24.5% to ₹3.40 lakh crore, while EBITDA rose 10.1% to ₹54,067 crore. However, the EBITDA margin narrowed to 15.9% from 18%, indicating margin pressure despite strong revenue growth.
Its telecom arm, Jio Platforms, also delivered a healthy performance. Consolidated profit increased 9.2% to ₹7,764 crore, while revenue rose 11.8% to ₹39,173 crore. EBITDA climbed 15.1% to ₹20,865 crore, with the EBITDA margin expanding by 150 basis points to 53.3%. Average Revenue Per User (ARPU) improved to ₹215.60, reflecting continued growth in subscriber monetisation.
Private sector banks post healthy quarterly performance
HDFC Bank reported a 5% rise in standalone net profit to ₹19,059.7 crore, supported by a 6.7% increase in net interest income (NII) to ₹33,534 crore. Provisions and contingencies declined sharply by 78.8% to ₹3,059.8 crore. However, asset quality remained mixed, with gross NPA increasing to 1.17% and net NPA rising to 0.41% on a sequential basis.
ICICI Bank posted a stronger performance, with net profit rising 15.9% to ₹14,804.5 crore. NII grew 12.7% to ₹24,384.4 crore, while provisions declined 30.5%. Gross NPA improved to 1.38%, although net NPA edged up slightly to 0.35%.
Kotak Mahindra Bank reported a robust 25.6% increase in profit to ₹4,123 crore, driven by a 9.2% rise in NII and a 44.7% decline in provisions. Gross NPA improved to 1.18%, while net NPA increased marginally to 0.27%.
Axis Bank also delivered a strong quarter, with net profit jumping 22.5% to ₹7,113.9 crore. NII rose 8%, and provisions fell 43.7%. However, both gross and net NPAs witnessed a slight sequential increase to 1.28% and 0.39%, respectively.
NATCO Pharma receives USFDA approval; Nuvama gets SEBI warning
NATCO Pharma received tentative approval from the USFDA for Olaparib 100 mg and 150 mg tablets, the generic version of AstraZeneca's Lynparza. NATCO will manufacture the product, while Alembic Pharmaceuticals will distribute it in the U.S. The reference drug recorded estimated U.S. sales of $1.4 billion during the 12 months ended March 2026.
Nuvama Wealth Management received an administrative warning from SEBI following an inspection of public issues managed by the company as a merchant banker. The company clarified that the warning has no financial or operational impact.
Samvardhana Motherson, GAIL, Aditya Birla Capital and Sterlite Technologies in focus
Samvardhana Motherson International secured Japan Court approval to acquire an 81% stake in Yutaka Giken and an 11% stake in Shinnichi Kogyo Co., strengthening its presence in the global automotive components sector.
GAIL (India) signed an MoU with Khanij Bidesh India (KABIL) to collaborate on critical and strategic minerals, supporting India's long-term resource security.
Aditya Birla Capital invested ₹484.5 crore through a rights issue in Aditya Birla Sun Life Insurance to strengthen the insurer's capital base.
Sterlite Technologies launched its advanced FTTH solution, CONCAT, in the U.S. after successful field trials with one of the country's largest telecom operators.
Cipla, Power Grid, Force Motors and SpiceJet also on investors' radar
Cipla's wholly owned subsidiary, InvaGen Pharmaceuticals, completed a routine USFDA inspection at its New York manufacturing facility and received one Form 483 observation.
Power Grid Corporation of India emerged as the successful bidder for the Fatehgarh-II Transmission Project, which includes the installation of two synchronous condensers and related transmission infrastructure.
Force Motors announced the resignation of Associate Vice President Amit Pramod Joshi due to personal reasons, effective July 17.
SpiceJet will also remain in focus after the Central Consumer Protection Authority imposed a ₹1 lakh penalty on the airline over alleged use of deceptive design practices, commonly known as dark patterns, on its online booking platform.
