News Highly Sensitive to Stock Price: Jan 16

Emmvee Photovoltaic Power

Revenue for the quarter grew 118% YoY at Rs 1152.3 crore. Net profit surged 165.8% YoY at Rs 263.6 crore. EPS for the quarter stood at Rs 4.11 and it was at Rs 11.3 for 9M FY26.

ICICI Prudential AMC

The company reported 45% YoY growth in net profit to Rs 917 crore. Other Income stood at Rs 109 crore vs. Rs 71.8 crore in Q2FY26. Revenue from operations grew 23.5% to Rs 1,514.7 crore. QAAUM increased 23.2% to Rs 10.7 lakh crore with a market share of 13.3%

Zen Technologies

Company has received orders aggregating to Rs 404 crores (including GST) from the Ministry of Defence, Government of India. These comprise orders worth Rs 332 crores for the supply of Anti-Drone Systems / Counter Unmanned Aerial Systems (C-UAS) and Rs 72 crores for Training Simulators and Equipment. The order is expected to be executed in the next 12 months.

Kernex Microsystems

Company informed that Chittaranjan Locomotive Works, Chittaranjan, Barddhaman (CLW) has awarded an order valued at Rs. 2,465.7 crores to the Company for the Supply, Installation, Testing and Commissioning of 3,024 sets of On-board KAVACH Loco Equipment as per RDSO Version 4.0 or latest. It is expected to be completed in the next 12 months.

Zydus Lifesciences

Zydus Lifesciences Limited has received final approval from the US FDA for Eltrombopag Tablets, 12.5 mg, 25 mg, 50 mg, and 75 mg (USRLD: Promacta Tablets, 12.5 mg, 25 mg, 50 mg, and 75 mg). Eltrombopag is indicated for the treatment of thrombocytopenia (low platelet count) in specific blood disorders. Eltrombopag works by stimulating bone marrow cells to produce more platelets, thereby reducing the risk of bleeding. It will be produced at the group’s formulation manufacturing facility at SEZ, Ahmedabad. Eltrombopag tablets had annual sales of US$ 1262.5 mn in the United States (IQVIA MAT Nov-2025).

Nuvoco Vistas Corporation

Nuvoco Vistas reported revenue of Rs 2701 cr, up 12% year on year and 10% quarter on quarter. It reported operating profit of Rs.384 Corporation cr. and margin of 14%. Net profit was up 36% QoQ at Rs. 49 cr. Finance cost declined 21% YoY at Rs 99 cr. It reported a record third quarter consolidated volume of 5 MMT achieving a 7% year over year growth.

Union Bank of India

Union Bank of India’s Net profit increased by 9% YoY Rs 5,017 crore. NII remained flat, rising 1% year-on-year to Rs 9,328 crore. GNPA improved to 3.06% from 3.29% in September, while Net NPAs improved to 0.51% from 0.55% in the previous quarter.

South Indian Bank

Net profit for the quarter increased by 9% from last year to Rs 374 crore. Net Interest Income rose by 1% on a YoY basis to Rs 881 crore. Asset quality saw a marginal improvement compared to the September quarter. Gross NPA stood at 2.67% from 2.93% in September, while Net NPA stood at 0.45% from 0.56% in September.

Angel One

Angel One reported a (4.5%)/26.9% YoY/QoQ rise in December quarter PAT to Rs 269 crore. The company’s gross revenues for the quarter stood at Rs 1,335 crore in Q3FY26, up 5.8%/11.1%. Reported EBDAT jumped 24.8% QoQ to Rs 405 crore while margin stood at 39.4% in Q3 vs. 34.5% in Q2. Total client based stood at 35.7 million, +21% YoY. Client Funding Book scaled to Rs 58.6 billion as of December 2025, a 10.4% QoQ growth.

Zaggle Prepaid Ocean Services

Zaggle Prepaid Ocean Services Limited (Zaggle), has entered into an agreement for one year with Jio Credit Limited. Zaggle will refer its corporate customers to Jio Credit Limited for availing leasing solutions under Zaggle’s Device Leasing Program.

Pace Digitek

Pace Digitek Limited announced a landmark achievement of receiving a significant domestic order for solar infrastructure development valued at Rs 375.7 crore from Bondada Engineering Limited (BEL). The project is scheduled for completion within 15 months from thereceipt of the Letter of Award (LOA).

Kovai Medical Center and Hospital

KMCH Institute of Neuro Sciences & OPD Block and KMCH Medical College Post Graduate Institute at KMCH Campus- 99, Avanashi Road, Coimbatore commencing from 15.01.2026. The new block will have Ultra-modern Surgical theatres, neuro ICUs, Master Health Checkups and OPDs. The Company has an existing bed capacity of 2086 Nos. as on December 2025. The occupancy was at 60%. The new block accommodates mainly OPDs, Master Health Check up, Operation Theatres and ICUs. The investment required would be around Rs 120 crore.

HBL Engineering

From the Chittaranjan Locomotive Works (CLW) loco Kavach tender for 6,300 units, HBL did not get any order, because other bidder’s prices were lower. Total expected demand, is at 18,429 loco units and this now reduced to 12,129 units. Of which HBL expects business at least about Rs.1,000 crores during FY27; and carry forward business into FY28. Regarding Kavach station business, HBL has orders in hand of which Rs.900 Crores is planned to be invoiced during FY27 and Rs.400 Crores more in FY28. More tenders are expected in FY27, of which some value may be delivered in FY 2027 itself. HBL expected sales for all Kavach business in FY27 is estimated as, at least, Loco units : Rs.1,000 crores and Stations: Rs. 900 crores. For background, in FY26, HBL expects total sales of Kavach to be Rs.1,880 Crores.

Landmark Cars

Total revenue for the quarter grew 10.78% YoY at Rs 1849 crore. Total vehicles sales were up 10.4% YoY and 12% QoQ at Rs 1570 crore. After sales service and spare parts revenue grew 13% YoY at Rs 279 crore.

NTPC Green Energy

NTPC Green has commissioned their first part capacity of 300 MW out of 500 MW Bhadla Solar PV Project in Rajasthan of NTPC Renewable Energy Limited.

L&T Technology Services Ltd (LTTS) Q3FY26 result review

LTTS’s numbers were below expectations in Q3FY26. The company sustained the momentum in large deal wins, delivering an average TCV of ~$200 million for five consecutive quarters. The company expects to clock mid-single-digit overall growth for FY26E.

Consolidated revenue was down by 1.9% QoQ and it grew 10.2% YoY to Rs 2,924 crore in Rupee terms. USD Revenue at $326.3 million; down 3.2% QoQ and up 4.6% YoY; in constant currency down 2.8% QoQ and up 3.9% YoY; EBIT was up by 7.3% QoQ and 1.2% YoY to Rs 427 crore and EBIT margin ramped up by 120bps QoQ and slipped 130bps YoY to 14.6% in Q3FY26. Net Profit was down by 7.9% QoQ and 5.1% YoY to Rs 303 crore, impacted by one off item on account of the labour code.

Infosys Ltd Q3FY26 result review

Infosys revenue was in line with estimates and net profit was below expectations in Q3FY26, impacted by an exceptional item on account of the new labour code. With strong and broad-based growth, signed large deals worth $4.8 billion during the quarter, of which 57% were net new. The company raised revenue guidance for FY26E to 3-3.5% from previous guidance of 2-3%, and maintained operating margin guidance at 20-22%.

Consolidated revenue grew 2.2% QoQ and 8.9% YoY to Rs 45,479 crore, Revenue in USD terms grew by 0.5% QoQ and 3.2% YoY to US$ 5,099 mn and revenues in CC terms grew by 0.6% YoY and by 1.7% QoQ. EBIT decreased 10.7% QoQ and 6.3% YoY to Rs 8,355 crore higher employee costs and subcontract costs impacted EBIT. EBIT margin slipped to 18.4%, it was down 260 bps QoQ and 290bps YoY in Q3FY26. Net Profit was down 9.6% QoQ, and 2.2% YoY to Rs 6,654 crore. Net profit was impacted by an exceptional expense of Rs 1,289 crore on account of new labour codes enacted in November 2025.

Cochin Shipyard Limited

Cochin Shipyard Limited (CSL) has delivered the first of HS Eco Freighter series of Multi-Purpose Vessels (MPVs) to Germany’s HS Schiffahrts. A CSL statement said the vessel has been designed by Groot Ship Design, Netherlands, and constructed at CSL. Officials said there are eight vessels worth around Rs 110 crore each in this order.

Sun Pharma Advanced Research

Board approved issuance of 3.85 crore warrants to promoter entity Shanghvi Finance Pvt. Ltd. at Rs 155.8 per warrant. Post conversion of warrants, promoter holding would increase to 48.4% as against 42.3%.

Nephrocare Health Services

Board has approved the issuance of a Corporate Guarantee in favour of Citibank N.A., Philippines/other overseas lender, for and on behalf of a step-down wholly-owned subsidiary of the Company Nephrocare Health Care Services Philippines Inc., Philippines, on such terms and conditions as may be mutually agreed between the Company and Citibank N.A. The aggregate amount of the Corporate Guarantee so approved shall not exceed US$ 6 million.

Reliance Industries Ltd Q3FY26 result preview

Reliance’s consolidated revenue could grow by 6.6% YoY at Rs 255,880 crore. Its EBITDA could increase by 9.3% YoY to Rs 47,910 crore, and the quarter’s EBITDA margin may inch up to 18.7% against 18.2% YoY. Net profit could increase by 1.5% YoY to Rs 18,890 crore in Q3FY26. The operating income will be led by robust showings in the Oil-to-Chemicals (O2C), Digital, and retail segments. The upstream oil and gas segment is expected to remain a drag on RIL’s overall performance. Lower crude oil realisations during the quarter are likely to weigh on upstream earnings.

Tech Mahindra Q3FY26 result preview

Tech Mahindra is likely to report 1.4% QoQ and 6.9% YoY revenue growth to Rs 14,198 crore in Rupee terms. Net profit could rise by 13% QoQ and 37.3% YoY to Rs 1,350 crore in Q3FY26. EBIT margin could increase by 30bps QoQ and 230 bps YoY to 12.5%. The key things to watch out for would be comment on deals and deal pipeline, top client stability, traction in digital business, and the impact of the new labour code on profitability.

Wipro Q3FY26 result preview

Wipro is likely to report 3.8% QoQ and 5.6% YoY revenue growth to Rs 23,567 crore in Rupee terms. In US$ terms, revenue could grow 1.1% QoQ and 0.1% YoY to US$ 2,632 mn in Q3FY26. Net profit growth could fall 0.4% QoQ and 3.6% YoY to Rs 3,232 crore in Q3FY26. EBIT margin could increase by 20bps QoQ and it could decrease 60bps YoY to 16.7%. The management could comment on TCV (Total Contract Value), deal pipeline, pricing outlook, the impact of the new labour code on profitability and earnings guidance for Q4FY26.

BHEL

Bharat Heavy Electricals Limited (BHEL) has achieved yet another significant milestone in its ‘Make in India’ initiatives for the rail transportation sector by commencing supply of underslung traction transformers for the prestigious Vande Bharat Sleeper Train project being executed by BHEL-led consortium with TRSL.

L&T

The Heavy Civil Infrastructure business vertical of L&T has secured the large order from Torrent Energy Storage Solutions Pvt Ltd (earlier known as Torrent PSH 3 Pvt Ltd) for the construction of India’s biggest pumped storage project- the 3000 MW Saidongar-1 Pumped Storage Project (PSP) in Raigad, Maharashtra. The PSP will comprise ten units of 300 MW each.

HG Infra

H.G. Infra Engineering Limited has executed a Securities Purchase Agreement (SPA) on January 15, 2026 with Neo Infra Income Opportunities Fund (“Acquirer”) and H.G. Khammam Devarapalle PKG-1 Private Limited, a wholly owned subsidiary of the Company (SPV), pursuant to which the Company shall sell its 100% shareholding in the SPV to the Acquirer.

Transrail Lighting

Transrail Lighting has secured new orders aggregating to Rs 527 crore. These wins, spanning the T&D and Poles & Lighting segments, mark a significant milestone in the Company’s global expansion journey, further strengthening its presence across the MENA region and Africa while adding manufactured HTLS re-conductoring capability in India to its portfolio.

Quadrant Future Tek

Quadrant Future Tek Limited has received an Offer from Chittaranjan Locomotive Works (CLW) for Supply, Installation, Testing and Commissioning of 353 Onboard KAVACH Loco Equipment Ver 4.0 with Warranty and Long Term Annual Maintenance. The value of the contract is worth Rs. 287.82 crore (Including taxes). It would be completed in the next 12 months.

B. R. Goyal Infrastructure

B.R.Goyal Infrastructure Limited has received a work order for the engagement of user fee collection agency on the basis of competitive bidding through e-tender for Salemgarh fee plaza at Km 313.372 of Gorakhpur- Kasia- UP/Bihar Border Section of NH-28 from Km 279.800 to Km 360.915 (New CH: Km. 285.002 to 366.117) in Uttar Pradesh. The accepted value of the said work order is Rs 60.43 crore

Source: HSL Prime Daily, 16 Jan 2026

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