Moneylife’s market breadth indicators have maintained their position in emerging strength territory this week. The trends of the major indices in the course of the week's trading are given in the table below:
News
Bajaj Finance Ltd dropped over 6% on 7 August 2026 following the Reserve Bank of India's (RBI’s) draft amendment banning revolving credit facilities for non-banking financial companies (NBFCs), allowing only term loans. This move, aimed at reducing risk from flexi-loan portfolios, is expected to impact NBFC growth and profitability, with Bajaj Finance's assets under management (AUMs) potentially affected by around 15%-20%. The draft exempts NBFC credit card issuers and invites comments until 28 August 2026.
Dabur India responded promptly to the food safety and standards authority of India (FSSAI) order directing the removal of ‘100%’ claims from certain food products. The company affirmed that it has never made misleading claims and stands by the purity and quality of its products. Most affected labels and advertisements are either already updated or in the process of being changed. Dabur is actively engaging with FSSAI to resolve the matter and is seeking legal advice on the way forward. The company emphasised that the regulatory notice concerns product description interpretation, not product quality or safety.
Adani Power received national company law tribunal (NCLT), Ahmedabad, approval for the merger of several subsidiaries, effective 1 April 2025, aiming to streamline its operations and improve efficiencies.
Seamec temporarily took its vessel SEAMEC SWORDFISH off hire from 30 July 2026, for planned maintenance, ensuring operational safety and efficiency, with no disclosed timeline for return.
A massive fire broke out at Amber Enterprises India Ltd's material subsidiary, IL JIN Electronics (India) Pv. Ltd, in Greater Noida (Uttar Pradesh). While the economic damage is protected by active insurance, the operational halt poses a temporary headwind for the electronic chip and PCB manufacturing unit.
Samvardhana Motherson International incorporated SMAST BV in the Netherlands in August 2026 to expand its aerospace and advanced systems operations internationally.
Urban Company launched ‘Native M3’ and ‘M3 Pro’ water purifiers priced from ₹22,000, featuring long-life filters and a three-year warranty to reduce maintenance costs.
Panacea Biotec secured a UNICEF contract worth approximately US$8.205mn (million) for bivalent oral poliovirus vaccine vaccine supply in 2028, continuing its long-term collaboration with the global health organisation, strengthening its international presence.
Smartworks Coworking Spaces expanded its Delhi NCR footprint by opening a 141,000sqft (square feet) managed office in Aerocity, enhancing its service offerings to multinational corporations and Global Capability Centers (GCCs) in a growing commercial hub.
PTC Industries’ subsidiary Aerolloy Technologies signed a key agreement with Airbus for titanium castings supply for major aircraft programmes, expanding aerospace involvement.
Orders
Larsen & Toubro secured an ultra-mega offshore order from ADNOC valued above ₹15,000 crore, reinforcing its Gulf hydrocarbon sector presence with significant domestic fabrication work.
SEPC secured an ₹854.57-crore engineering contract from SAIL for the IISCO Steel Plant expansion, with project completion expected in 32 months.
NBCC (India) secured two project-management consultancy contracts worth ₹801.20 crore, including a ₹780.38 crore order from RBI for Amaravati construction projects.
Bharat Electronics and Bharat Dynamics are in focus due to a potential ₹10,000 crore Army order for BrahMos extended range missiles, expected to be signed later this year.
Investment/ Acquisition / Stake Stale
Jubilant Foodworks revoked corporate guarantees of €116mn after subsidiary refinancing, enhancing financial flexibility and risk management.
Ramco Cements completed the sale of non-core assets worth ₹1,106.47 crore, as part of a multi-year asset monetisation strategy disclosed since 2024.
Maithan Alloys acquired a 0.29% stake in Sterlite Technologies for ₹91.24 crore via stock exchange, enhancing its investment portfolio.
Park Medi World announced the acquisition of Mehar Hospital in Zirakpur (Punjab) for approximately ₹107 crore, expanding its healthcare footprint in north India. The 150+ bed multi-speciality hospital acquisition is expected to complete by December 2026.
Satin Creditcare Network allotted 3.85mn fully convertible warrants to promoter group entity Trishashna Holdings for ₹100.1 crore, aiming to strengthen its capital base and growth strategy in the microfinance sector.
Imagicaaworld Entertainment acquired a 50% stake in Mehsana Next Parks Pvt Ltd for ₹50 crore to develop Shanku’s water park in Gujarat, focusing on growth and enhanced operations through management services.
CESC approved a ₹250 crore issuance of secured, rated non-convertible debentures, maturing in 2036, to raise funds via private placement with secured assets as collateral.
Belrise Industries acquired Hyva India’s Tipper Body Business for US$5.65mn, expanding its commercial vehicle component portfolio.
Nazara Technologies announced a ₹733.5 crore preferential equity issue, largely funded by founders and leadership, to support strategic growth and acquisitions. The entire subscription is primarily funded by the founders and senior leadership of Bluetile Games and BestPlay Systems. A significant individual investment of around ₹583.5 crore will be made by Raymond Albaladejo Stauffer, the incoming chief executive officer (CEO) from 1 September 2026, aligning his interests closely with the company’s shareholders.
Mahindra & Mahindra Financial Services (MMFSL)(-2.41%) approved the merger of its wholly-owned subsidiary, Mahindra Rural Housing Finance Ltd (MRHFL), into itself to consolidate lending businesses and improve efficiency.
Aurobindo Pharma (-1.52%) approved a strategic merger of its wholly-owned injectable-focused subsidiaries—EugiaSteriles Private Limited and Eugia SEZ Private Limited—into Eugia Pharma Specialities Limited. This consolidation is designed to streamline operations by centralising similar activities under a single entity, thereby reducing redundancies in corporate and administrative functions.
Earnings
Protean eGov Technologies reported 19% y-o-y revenue growth to ₹250.96 crore but net profit fell sharply by 76.4% to ₹7.64 crore due to a 25% rise in expenses.
Pidilite Industries reported 29.7% y-o-y net profit growth to ₹872 crore and 21.3% revenue increase to ₹4,552 crore, with EBITDA rising 30.4% and margins improving to 23.8%.
Alembic Pharma recorded 11.7% net profit growth to ₹172 crore and 26% revenue growth to ₹2,150 crore in Q1FY26-27, with EBITDA up 18.6% but margin slightly contracting to 15.5%.
Morepen Laboratories delivered a five-fold net profit increase to ₹56.4 crore and 34.1% revenue growth to ₹570.1 crore, with EBITDA margin expanding to 14.5%.
BASF India reported a 162% net profit surge to ₹360.3 crore and 29% revenue growth to ₹4,824 crore, with EBITDA nearly doubling and margin improving to 10.5%.
RITES posted marginal profit and revenue growth with net profit up 0.7% to ₹91 crore and revenue up 0.8% to ₹490 crore. EBITDA margin expanded to 23.3%.
Godrej Properties faced 42% y-o-y net profit decline to ₹350 crore, despite 16% revenue growth; profitability was impacted by lower other income and wider operating loss.
Texmaco Rail & Engineering reported Q1FY26-27 net profit growth of 66.8% to ₹50 crore, despite a 16.9% decline in revenue to ₹757 crore, with stable EBITDA margin at 8%.
Kansai Nerolac Paints posted 4.9% net profit growth to ₹231.5 crore and 9.8% revenue growth to ₹2,374 crore in Q1FY26-27, with stable EBITDA margin at 14%.
GSK Pharma achieved 15.7% net profit growth to ₹237.1 crore and 16.6% revenue increase to ₹938 crore, alongside a margin expansion to 47.35%.
Jindal Stainless reported 7.7% net profit growth to ₹769.3 crore and 10.5% revenue increase to ₹11,279 crore, though EBITDA margin contracted to 11.8%.
UPL returned to profitability with a ₹10 crore net profit compared to last year’s ₹88-crore loss, supported by 10.5% revenue growth to ₹10,181 crore and a slight EBITDA margin decline to 14.2%.
Ather Energy narrowed net losses to ₹51 crore from ₹178.2 crore, supported by 88.8% revenue growth to ₹1,217 crore in Q1FY26-27.
JM Financial saw net profit decline 36% to ₹292 crore, despite 8% revenue growth to ₹1,200.5 crore, reflecting margin pressures.
NOCIL posted 65% net profit growth to ₹28 crore and 20% revenue growth to ₹403 crore, with EBITDA margin improving to 11.2%.
Dhanuka Agritech reported 34.6% net profit decline to ₹36.3 crore and 12.6% revenue drop to ₹461.9 crore, with EBITDA margin contracting to 11.9.
Blue Jet Healthcare experienced 14.2% net profit decline to ₹78 crore and 17.4% revenue fall to ₹293 crore, with a slight EBITDA margin contraction.
MobiKwik turned profitable with ₹7.6 crore net profit versus previous loss of ₹41 crore, supported by 4% revenue growth and positive EBITDA of ₹8 crore.
Sri Lotus Developers recorded 77.6% net profit increase to ₹45.46 crore and doubling of revenue to ₹132.35 crore, despite a margin contraction.
Dixon Technologies posted 194.9% profit rise to ₹663.42 crore on 21.1% revenue growth, though EBITDA margin contracted to 2.98%
Divi’s Laboratories delivered 65.6% net profit increase to ₹902 crore and 27.8% revenue growth to ₹3,080 crore, with EBITDA margin expanding sharply to 40.8%.
Sun Pharma reported 27% net profit growth to ₹2,894 crore and 10.5% revenue growth to ₹15,299 crore, with EBITDA margin declining to 28.9%. US sales underperformed estimates.
Alembic Pharma recorded 11.7% net profit growth to ₹172 crore and 26% revenue growth to ₹2,150 crore in Q1FY26-27, with EBITDA up 18.6% but margin slightly contracting to 15.5%.
Morepen Laboratories delivered a five-fold net profit increase to ₹56.4 crore and 34.1% revenue growth to ₹570.1 crore, with EBITDA margin expanding to 14.5%.
BASF India (+reported a 162% net profit surge to ₹360.3 crore and 29% revenue growth to ₹4,824 crore, with EBITDA nearly doubling and margin improving to 10.5%.
RITES posted marginal profit and revenue growth with net profit up 0.7% to ₹91 crore and revenue up 0.8% to ₹490 crore. EBITDA margin expanded to 23.3%.
Godrej Properties faced a 42% y-o-y net profit decline to ₹350 crore, despite 16% revenue growth; profitability was impacted by lower other income and wider operating loss.
Anup Engineering reported a sharp decline in Q1FY26-27 net profit, falling 98% y-o-y to ₹0.57 crore from ₹26.26 crore, as revenue dropped 29% to ₹125.25 crore. EBITDA fell 77% to ₹9.47 crore, with margins narrowing to 7.6% from 23%, reflecting a challenging quarter.
Samvardhana Motherson International more than doubled Q1FY26-27 net profit to ₹1,032 crore, up 101.6% y-o-y, supported by 17% revenue growth to ₹35,243.7 crore, surpassing market expectations on profit, revenue and EBITDA.
Biocon posted 349% y-o-y surge in Q1FY26-27 net profit to ₹141 crore, with revenue rising 10% to ₹4,336 crore. EBITDA increased 10.6% to ₹847 crore and margins improved slightly to 19.53%, highlighting stable operational management.
JK Lakshmi Cement saw net profit decline 28.1% y-o-y to ₹108 crore, while revenue grew 9.4% to ₹1,905 crore. EBITDA fell 16.9% to ₹258.7 crore and margins contracted to 13.6%, due to rising input costs and lower operating efficiency.
Neuland Laboratories reported a stellar Q1FY26-27 with net profit soaring 957.1% y-o-y to ₹148 crore on revenue more than doubling to ₹641.5 crore. EBITDA surged 547.4% to ₹222.7 crore, with margins expanding sharply to 34.7% from 11.8%.
Gateway Distriparks faced 18.7% y-o-y decline in net profit to ₹49 crore, with revenue nearly flat at ₹549.3 crore. EBITDA slipped 2% to ₹117 crore and margins slightly contracted to 21.31%, reflecting mild operating pressure.
Signature Global slipped into a net loss of ₹16.7 crore in Q1 versus a profit of ₹34.4 crore last year, while revenue dropped 36.2% y-o-y to ₹552 crore, amid weaker business activity.
Varroc Engineering posted 26.5% y-o-y drop in net profit to ₹77 crore, despite a 30% revenue increase to ₹2,634 crore, indicating profitability pressures, despite strong top-line growth.
Lloyds Engineering Works more than doubled Q1FY26-27 net profit to ₹64 crore on a 143% revenue surge to ₹527 crore, reflecting robust operational performance and business expansion.
Hikal reduced its net loss to ₹7.4 crore from ₹22.4 crore a year ago, with revenue growing 5.9% to ₹403 crore, showing an improving financial trajectory.
Emcure Pharmaceuticals posted 42% y-o-y rise in net profit to ₹294 crore, supported by 22.8% revenue growth to ₹2,580 crore. EBITDA increased 27.8% to ₹533 crore, with margins expanding to 20.7%.
Trent achieved 25.8% y-o-y rise in net profit to ₹532 crore on 18.5% revenue growth to ₹5,666 crore. EBITDA grew 32.5% to ₹1,110 crore, with margins expanding to 19.6%, beating analyst estimates.
RateGain Travel Technologies nearly doubled Q1FY26-27 net profit to ₹94 crore, with revenue surging 188% y-o-y to ₹785 crore, driven by strong demand for its travel technology solutions.
Kirloskar Ferrous Industries saw net profit plunge 65.5% y-o-y to ₹82 crore in Q1FY26-27, despite revenue rising 4.3% to ₹1,771.5 crore. EBITDA dipped slightly by 0.6% to ₹216 crore, with margins narrowing to 12% from 13%, impacted primarily by higher tax expenses.
Whirlpool India reported 29.4% y-o-y decline in Q1FY26-27 net profit to ₹103 crore, even as revenue grew 12% to ₹2,727 crore. EBITDA dropped 34% to ₹140 crore, with margins contracting to 5% due to input cost pressures and unfavourable-mix.
Gateway Distriparks faced an 18.7% y-o-y decline in Q1FY26-27 net profit to ₹49 crore, while revenue remained flat at ₹549.3 crore. EBITDA fell 2% to ₹117 crore, with a slight margin contraction to 21.31%, reflecting pressure on operating efficiency.
JTL Industries nearly doubled its Q1FY26-27 net profit, rising 99.4% y-o-y to ₹32.55 crore on revenue growth of 32.7% to ₹721.61 crore, driven by strong demand and improved operating performance.
Paisalo Financial Services posted a 30% y-o-y increase in Q1FY26-27 net profit to ₹61 crore, alongside 26.4% rise in net interest income to ₹135 crore, supported by lending growth and operational efficiencies.
Shilpa Medicare more than doubled Q1FY26-27 net profit to ₹101 crore, up 114.9% y-o-y, supported by a 45% revenue increase to ₹466 crore. EBITDA rose 48.6% to ₹136.2 crore, with margins improving to 29.25%.
Snowman Logistics achieved 79% y-o-y increase in Q1FY26-27 net profit to ₹4.55 crore, with revenue up 9% to ₹177.68 crore. EBITDA grew 18% to ₹28.61 crore and margins expanded to 16.1%, reflecting improved cost management.
NHPC posted a modest 2.9% y-o-y net profit increase to ₹1,096 crore in Q1FY26-27, with revenue rising 18.5% to ₹3,808 crore. EBITDA jumped 30.6% to ₹2,352 crore and margins improved to 61.8%, driven by operational efficiencies.
MCX witnessed 22% quarter-on-quarter (q-o-q) net profit decline to ₹413 crore in Q1FY26-27, with revenue down 21% to ₹702 crore. EBITDA decreased 25.8% to ₹494 crore and margins contracted to 70.4%, reflecting a slower quarter.
Kalyan Jewellers achieved 45.7% y-o-y revenue growth to ₹10,588.93 crore in Q1FY26-27, driven by strong consumer demand. Total income rose 45.5% to ₹10,644.67 crore, marking robust business momentum.
Paras Defence reported 42.7% rise in Q1FU26-27 net profit to ₹21.22 crore and 37.3% revenue growth to ₹127.91 crore, with improved EBITDA margins.
Saksoft’s Q1FY26-27 net profit fell 9.5% y-o-y to ₹29.29 crore on flat revenue of ₹248.62 crore, with a slight decline in EBITDA margin.
Jyoti CNC’s Q1FU26-27 revenue rose 24% y-o-y to ₹508.5 crore, but net profit dropped 20.2% to ₹57 crore, amid 300bps (basis points) contraction in EBITDA margin.
SBI’s Q1FY26-27 net profit increased to ₹21,121 crore from ₹19,160 crore y-o-y, with net interest income rising 15% to ₹46,992 crore, exceeding expectations.
JK Tyre’s Q1FY26-27 net profit plunged 73% y-o-y to ₹44.09 crore, despite 2% revenue rise, as raw materials costs surged 34%, squeezing margins.
Capacite Infra projects saw 13.6% y-o-y net profit decline to ₹39 crore in Q1FY26-27, though revenue grew 6.7% to ₹629 crore, with EBITDA margins contracting.
BEML posted Q1FY26-27 net profit of ₹112 crore versus a loss last year, supported by a ₹33-crore exceptional gain and 2.6% revenue growth.
Godrej Consumer Products recorded 11.5% growth in Q1FY26-27 net profit to ₹505 crore and 18.3% revenue growth to ₹4,225 crore, with slightly lower EBITDA margin.
GK Energy’s Q1FY2627 net profit surged 54% y-o-y to ₹57 crore, with revenue up 55.4% to ₹505 crore, marking strong growth.
LIC’s Q1FY26-27 net profit rose 23% y-o-y to ₹13,492 crore, supported by 7% increase in net premium income to ₹1.27 lakh crore.
Inox Wind’s Q1FY26-27 net profit dropped 58% y-o-y to ₹44 crore on flat revenue, pressured by rising costs and 350bps margin decline.
NLC India’s Q1FY26-27 net profit fell 39% y-o-y to ₹484 crore, despite 23% revenue increase and 57% EBITDA growth, reflecting higher below-operating-line expenses.
Poly Medicure’s Q1FY26-27 net profit declined 8.3% y-o-y to ₹85.3 crore, despite 30.3% revenue growth to ₹525 crore and 17.9% EBITDA increase.
Ola Electric narrowed its Q1FY26-27 net loss to ₹336 crore from ₹428 crore y-o-y, with revenue down 45%, despite a strong sequential rebound in deliveries and market share.
Top gainers and losers of the major indices for the week are given in the table below:
