On Thursday, 1,691 stocks advanced, 2,528 declined, and 196 remained unchanged on the Bombay Stock Exchange with an advance-decline ratio of 0.68, indicating a negative closing. The trend of the major indices on Thursday’s trading is given in the table below.
On NSE, 86 securities advanced and closed at a new 52-week high, whereas 52 securities sank to close at their new 52-week lows. Nifty Auto, Nifty Energy and Nifty Infrastructure were the biggest gainers. Nifty India Defence, Nifty FMCG and Nifty Pharma were the biggest losers.
Texmaco Rail & Engineering (-1.75%) received a domestic order worth ₹0.74 crore (including taxes) from South Western Railway for installing nylon mesh on traction transmission structures to prevent bird nesting in the Bengaluru division. The project will be completed within 10 months and is not a related-party transaction.
NLC India (-1.68%) subsidiary, NLC India Renewables, secured a Letter of Intent for a 900 MW solar power project from Gujarat Urja Vikas Nigam Ltd through a competitive tariff-based bidding process. This project expands NLC’s renewable energy portfolio, aligning with its long-term green power generation strategy.
Wanbury (-2.70%) obtained a no deficiency letter from the USFDA for its metformin HCl drug master file, clearing regulatory hurdles for multiple abbreviated new drug applications. This strengthens Wanbury’s position as a validated metformin API supplier in the US and supports expansion into South Korea.
Larsen & Toubro (L&T) (+0.21%) secured a Limited Notice to Proceed for the ₹10,000–15,000 crore Lara Stage-III Thermal Power Project (2x800 MW) in Chhattisgarh. The EPC contract includes design, supply, and commissioning using ultra-supercritical technology to add 1,600 MW of baseload power capacity.
Oil India Limited (OIL) (+2.01%) signed an MoU with the Municipal Corporation of Delhi to develop two Compressed Bio-Gas plants with a combined capacity to produce 30–32 TPD of renewable fuel from municipal solid waste. This aligns with national green energy and waste management initiatives.
LG Electronics India (-1.23%) received a favorable ITAT order deleting tax additions worth approximately ₹1,305 crore related to transfer pricing and corporate tax for multiple financial years. The ruling strengthens LG’s regulatory position with no adverse financial impact expected.
Ramco Systems (+2.61%) deployed Payroll Managed Services for Aurecon across seven Asian countries, streamlining payroll processes and ensuring statutory compliance. The integrated platform enhances operational visibility and payroll accuracy, supporting Aurecon’s growth in Asia.
Aurionpro Solutions (+0.37%) secured a ₹50 crore order from Mumbai Metropolitan Region Development Authority (MMRDA) to deploy Automated Fare Collection solutions on Mumbai Metro Line 5, expanding its existing AFC deployments on Lines 4 and 4A to six additional stations, enhancing urban mobility.
Earnings
GNG Electronics (-0.83%) reported a strong year-on-year (y-o-y) performance with revenue from operations increasing 32.1% to ₹412.46 crore in Q1 FY27. Despite high-er operating expenses, net profit surged 56.2% y-o-y to ₹28.93 crore, reflecting im-proved operational execution and sustained demand. Profit before tax also rose sig-nificantly by 59.1% y-o-y to ₹35.74 crore.
Swiggy (+2.98%) posted a 34% y-o-y growth in overall revenue to ₹7,112 crore for Q1 FY27. Its quick commerce arm, Instamart, achieved contribution break-even but still reported a loss of ₹778 crore y-o-y. The food delivery business showed strength with adjusted EBITDA rising to ₹292 crore, marking a steady profitability engine.
JBM Auto (+0.36%) saw a 15.1% y-o-y increase in revenue from operations to ₹1,442.45 crore. Net profit attributable to owners rose 14.7% y-o-y to ₹42.20 crore, supported by a steady EBITDA margin increase to 11.33%. However, the electric ve-hicle segment experienced a sequential slump despite y-o-y growth.
Mankind Pharma (-0.65%) posted a 12.9% y-o-y rise in revenue from operations to ₹4,030.59 crore. Consolidated net profit grew by 29.1% y-o-y to ₹574.09 crore, driven by better operational performance and increased earnings. Profit before tax surged 42.4% y-o-y to ₹769.45 crore, reflecting improved profitability.
Bajaj Finance (-0.09%) reported total income growth of 19.6% y-o-y to ₹23,166.42 crore in Q1 FY27. Net profit rose 27.6% y-o-y to ₹6,080.60 crore, supported by a 28% increase in profit before tax. The tax composition slightly influenced net profit strength, but operating results remained robust.
Vedanta (+3.97%) showed a mixed quarter with revenue declining marginally by 1.64% quarter-on-quarter but net profit rose 24.1% y-o-y to ₹5,294 crore. EBITDA in-creased 13% y-o-y to ₹8,501 crore with significant margin expansion to 35.1%, driven by improved operational efficiency.
Ajanta Pharma (+1.17%) reported revenue from operations up 24.8% y-o-y to ₹1,625.96 crore. Net profit increased 30.9% y-o-y to ₹334.22 crore, supported by growth in branded and generic segments across multiple regions. EBITDA rose 21.1% y-o-y, although margins contracted slightly by 90 basis points.
Vedanta Aluminium Metal Ltd recorded a 46% y-o-y rise in revenue to ₹21,393 crore. Net profit attributable to owners more than tripled y-o-y to ₹5,629 crore, driv-en by a surge in EBITDA to ₹10,300 crore and an expanded margin of 48.14%. The margin jump primarily reflects commodity price effects rather than structural effi-ciency gains.
Indian Railway Finance Corporation (-0.24%) posted a 21.3% y-o-y increase in total income to ₹8,391.34 crore. Net profit rose 10.4% y-o-y to ₹1,927.21 crore, marking its strongest ever quarter despite a shrinking loan book. The company’s diversified as-set base and disciplined funding contributed to solid earnings.
Transport Corporation of India (+1.54%) saw revenue from operations grow 9.6% y-o-y to ₹1,248.50 crore. However, net profit remained flat y-o-y at ₹106.60 crore due to a decline in share of profit from joint ventures and associates. EBITDA margin im-proved slightly to 10.8%, reflecting steady core logistics operations.
Mahanagar Gas (+1.22%) delivered a strong sequential recovery with revenue up 15.6% quarter-on-quarter, while net profit surged 48.5% quarter-on-quarter to ₹193 crore. Though sequential, this reflects strong momentum following previous quar-ters, supported by higher CNG sales volumes exceeding estimates. EBITDA margin expanded by 180 basis points to 14.5%.
PSP Projects (-7.09%) reported a sharp turnaround with net profit rising to ₹18.34 crore y-o-y from ₹0.42 crore. Revenue from operations soared 64.8% y-o-y to ₹853.47 crore, driven by robust project execution. EBITDA nearly doubled y-o-y to ₹54.80 crore, with margin expansion reflecting better cost control.
Go Fashion (India) (+6.19%) experienced a 26% y-o-y decline in net profit to ₹17 crore despite stable revenue of ₹222.8 crore. EBITDA fell 11.3% y-o-y to ₹60.9 crore, with margin contraction to 27.3%, reflecting higher operating costs. The quarter points to pressure on earnings despite consistent sales.
ICRA (+3.09%) posted revenue growth of 31.2% y-o-y to ₹163.37 crore. Net profit at-tributable to owners increased 32.3% y-o-y to ₹56.16 crore, supported by a 38.8% rise in EBITDA and expansion of EBITDA margin to 33.7%. Strong operating leverage contributed to the improved profitability.
IRB Infrastructure Developers (+1.35%) recorded modest revenue growth of 1.8% y-o-y to ₹2,137.27 crore. Net profit jumped 51.3% y-o-y to ₹306.27 crore, powered by a 20.8% rise in EBITDA and a sharp margin expansion to 53.93%. Increased income from InvIT assets supported earnings growth.
Deepak Fertilisers and Petrochemicals (-5.77%) posted revenue growth of 22.5% y-o-y to ₹3,256.26 crore. Net profit more than doubled y-o-y to ₹490.04 crore, with EBITDA surging 64.7% to ₹845 crore and margin expanding to 25.96%. Improved operating leverage and cost control drove profitability gains.
Privi Speciality Chemicals (-3.62%) reported revenue from operations up 19.2% y-o-y to ₹666.22 crore. Net profit rose 36% y-o-y to ₹84.21 crore, while EBITDA grew 15.2% y-o-y to ₹152 crore despite a slight margin contraction to 22.86%. The quarter reflects solid earnings growth amid moderate margin pressure.
Westlife Foodworld Limited (-0.43%) showed revenue growth of 11.9% y-o-y to ₹735.64 crore. However, net profit declined sharply by 52.2% y-o-y to ₹0.59 crore due to margin pressure and higher finance and depreciation expenses. EBITDA margin contracted slightly to 12.6%.
Mahindra & Mahindra (M&M) posted a 28% y-o-y increase in revenue to ₹58,188 crore. Net profit grew 34% y-o-y to ₹5,455 crore, with an improved PAT margin of 9.4%. The company demonstrated strong profit growth alongside solid revenue ex-pansion.
LT Foods (+4.89%) reported revenue from operations up 27.9% y-o-y to ₹3,151.83 crore. Net profit rose 8.9% y-o-y to ₹183.45 crore, supported by a 33.6% increase in EBITDA and margin expansion to 11.23%. The quarter marked steady growth in both top and bottom lines.
Vardhman Textiles (-4.36%) saw revenue rise 13.3% y-o-y to ₹2,703 crore. Net profit surged 50% y-o-y to ₹310 crore, helped by a 45.4% jump in EBITDA and margin ex-pansion to 17.5%. Improved cost management and product mix supported the strong financial performance.
Gillette India (-2.19%) posted 10.7% y-o-y revenue growth to ₹783 crore. Net profit increased 9.6% y-o-y to ₹160 crore, although EBITDA margin slightly contracted to 29.1%. The company maintained steady demand for grooming and personal care products.
PCBL Chemical (-10.31%) recorded revenue growth of 17% y-o-y to ₹2,473.4 crore. Net profit surged 65% y-o-y to ₹155 crore, with EBITDA rising 24% y-o-y to ₹396 crore and margin expanding to 16%. Improved sales and operating efficiency drove profitability.
Adani Enterprises (+0.81%) reported a 49.9% y-o-y increase in revenue to ₹32,923.98 crore. Despite a 51.7% rise in EBITDA to ₹5,020 crore, the company posted a net loss of ₹1,160.23 crore due to a large exceptional charge. The operating performance re-mained strong amid the loss.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below:
