News that may have an impact on prices of some stocks today, 18th July, 2025

Nuvoco Vitas’ revenue up by 9%

Nuvoco Vistas Corporation Ltd. recorded 9% increase in revenue to Rs 2,873 crore and significant increase year on year in net profit to Rs 133 crore. Other Income stood at Rs 14.8 crore vs. Rs 4.5 crore. It has also recorded an all time high Q1 operating profit at Rs 519 crore. The profit growth was driven by higher premiumisation and trade sales, and by the low base of the year-ago quarter.

360 One WAM’s net profit up by 18%

The Company reported 18% YoY increase in consolidated PAT to Rs 287 crore for the quarter ended June 30, 2025. It had reported exceptional loss of Rs 87.6 crore in Q1FY25. Total revenue for the same period rose by 4% to Rs 725 crore. Overall Assets Under Management (AUM) for 360 ONE stood at Rs 6,63,924 crore as of June 2025, comprising Rs 2,87,317 crore in Annual Recurring Revenue (ARR) AUM and Rs 3,76,607 crore in Transactional / Brokerage AUM.

Afcons Infrastructure declared lowest bidder in two projects

Company has been declared the Lowest Bidder (L1) in two different packages by Croatian Motorways Ltd for Construction of Roads – Package J324/23 and Package – J325/23 in the Republic of Croatia. First package (order) is valued at Euro 240.6 mn or Rs 2398 crore and to be executed over the next 42 months. Second package is valued at Euro 214.45 mn or Rs 2137 crore and to be executed over the next 42 months.

LTIM’s net profit up by 10.5% in June quarter

LTIM’s revenue was in line with estimates in Q1FY26, all the segments reported growth on QoQ basis. Its disciplined execution and unwavering client focus will continue to drive performance going forward. Consolidated revenue grew by 0.7% QoQ and 7.6% YoY to Rs 9,841 crore and revenue at $1,153.3 mn (+2.0% Q-o-Q / +5.2% Y-oY). EBIT was up by 4.5% QoQ and 2.6% YoY to Rs 1,407 crore and EBIT margin increased 50QoQ and decreased 70 bps YoY to 14.3% in Q1FY26. Net Profit rose 11.2% QoQ and 10.5% YoY to Rs 1,255 crore.

Wipro net profit up by 9.8% in June quarter

Wipro’s numbers were in line with estimates in Q1FY26, and expects revenue growth from the IT Services business segment to be in the range of -1 % to +1% in constant currency terms. Consolidated revenue was down by 1.6% QoQ and up by 0.8% YoY, to Rs 22,135 crore in Rupee terms. IT services segment revenue was at $2,587.4 million, a decrease of 0.3% QoQ and 1.5% YoY. EBIT slipped 8% QoQ and 2% YoY to Rs 3,548 crore and EBIT margin fell 110bps QoQ and 50bps YoY to 16% in Q1FY26. Net Profit grew 7% QoQ and grew 9.8% on YoY basis to Rs 3,337 crore.

ONGC doing prefeasibility study for setting up new refinery in Jamnagar

Oil and Natural Gas Corporation (ONGC) is conducting a prefeasibility study for setting up a new refinery in Jamnagar, Gujarat, with a proposed capacity of 200,000–240,000 barrels per day.

Lupin’s Pithampur facility gets 3 adverse observations in USFDA inspection

US FDA inspected Pithampur Unit-3 manufacturing facility from July 07 to July 17, 2025. The inspection closed with the issuance of a Form-483 with three observations. It will address the observations and collaborate with the US FDA to resolve them within the stipulated timeframe.

US FDA inspected Pithampur Unit-2 manufacturing facility from July 08 to July 17, 2025. The inspection closed with the issuance of a Form-483 with four observations.

Lupin announced that its API manufacturing facility of its wholly owned subsidiary, Lupin Manufacturing Solutions (LMS), in Dabhasa, Gujarat, has received the Good Manufacturing Practice (GMP) certification from the Therapeutic Goods Administration (TGA), Australia’s medicines and medical devices regulator. LMS offers pharmaceutical CDMO services and is engaged in the manufacturing and supply of APIs.

Hexaware acquires SMC Squared

Hexaware Technologies acquired SMC Squared, a leader in building global capability centers (GCCs). The acquisition is a strategic step in Hexaware’s mission to deliver future-proof GCC solutions that go beyond cost efficiency, anchored in a combined human and digital agent-driven model.

Tata Communications’ net profit in June quarter down by 35%

The company reported a 35% YoY decline in Q1 FY26 net profit to Rs 232.3 crore, while revenue rose 6.6% to Rs 5,960 crore, driven by strong growth in digital and data services. EBITDA remained flat at Rs 1,137 crore. PBT before exceptional gain declined 12% YoY at Rs 311.7 crore.

Polycab’s net profit up by 49.3% in June quarter

Q1FY26 Revenue from operations stood at Rs 5906 crore; down by 25.7% YoY driven by robust performance in our Wires & Cables (W&C) business, supported by healthy growth momentum in our Fast Moving Electrical Goods (FMEG) business. EBITDA grew by 47% YoY supported by strategic pricing revisions, improved operational efficiency, and a favourable business mix. PAT increased by 49.3% YoY to Rs 600 crore.

Indian Hotels’ net profit up by 19.5% in June quarter

Indian Hotels reported a 19.5% rise in first-quarter profit, helped by sustained demand for travel and hospitality. The operator of Taj Hotels posted a consolidated net profit of Rs 296 crore for the quarter ended June 30, up from Rs 248 crore a year earlier. Revenue from operations rose 31.7% to Rs 2,041 crore, while EBITDA climbed 28.1% to Rs 576 crore. However, EBITDA margin narrowed slightly to 28.2% from 29% last year.

Axis Bank’s net profit in June quarter down by 4%

Axis Bank reported a 4% YoY decline in Q1 net profit to Rs 5,806 crore. On a sequential basis, net profit fell 18%. Operating profit grew 14% YoY to Rs 11,515 crore. NII was up marginally by 0.8% to Rs 13,560 crore. On a sequential basis, net interest income fell by 2%. NIM stood at 3.80%, as compared to 3.97% in a quarter ago period. The asset quality of the bank deteriorated in the quarter with GNPA/NNPA rising to 1.57%/0.45% from 1.28%/0.33% in Q4FY25.

Ceat Ltd’s net profit in June quarter down by 27.7%

Ceat Ltd reported a 27.7% drop in net profit for Q1FY26 to Rs 112 crore, despite strong gains in revenue and volume. Revenue for the quarter grew 10.5% YoY to Rs 3,529 crore, buoyed by solid performance in both the Original Equipment Manufacturer (OEM) and replacement markets. EBITDA inched up by 1.3% to Rs 387 crore. However, EBITDA margin narrowed to 11% from 12% a year earlier, primarily due to increased spending on marketing. Company said that it will invest Rs 450 crore in the said expansion. It would increase about 35% of current capacity PCUV in Chennai. This investment will be funded by way of mix of internal accruals and debt.

JLR to cut down 500 managerial roles

Tata Motors-owned Jaguar Land Rover (JLR) will cut around 500 managerial roles in the UK through a limited voluntary redundancy programme, the company said on Thursday. The move aims to align its leadership workforce with its long-term strategy under the ongoing ‘Reimagine’ transformation plan.

Bharat Forge subsidiary forms joint venture company in Spain

Company’s subsidiary Kalyani Strategic Systems has incorporated a joint venture company Aegis Advanced Systems SL in Spain, with Duma Engineering Group SL. The JV is for developing technology, product platforms and solutions relating to defence products to address Indian, European and certain other export markets.

Clean Science’s net profit in June quarter up by 6.3%

In Q1FY26, total revenue grew 8.4% YoY at Rs 242.9 crore. EBITDA was up 5.5% YoY at Rs 99.8 crore. Net profit increased 6.3% YoY at Rs 70.1 crore. Other Income was up 35% YoY at Rs 13.4 crore. EPS for the quarter stood at Rs 6.59 and it was at Rs 24.88 for FY25.

Ganesha Ecosphere to raise Rs 139 crore through warrants

Board approved allotment of 13.39 lakh warrants at Rs 1035 per warrant to promoter and its group. It would raise Rs 139 crore through the said allotment. Company will receive 75% amount of the issue price upon conversion of warrants.

Vimta Labs net profit up by 36%

Revenue grew 30.3% YoY at Rs 97.6 crore. EBITDA was up 29.4% YoY at Rs 33.6 crore. Operating margin contracted 25bps at 34.4%. Net profit increased 36% YoY at Rs 18.9 crore. EPS for the quarter stood at Rs 4.2 and it was at Rs 14.8 for FY25.

Shopper’s Stop losses in June quarter narrow down to Rs 15.74 crore

Shoppers Stop narrowed its Q1 FY26 net loss to Rs 15.74 crore from Rs 22.72 crore YoY, aided by an 8.6% rise in revenue to Rs 1,161 crore. EBITDA jumped 20% to Rs 171.49 crore, with margin improving to 14.7% from 13.4%.

Sterling and Wilson Renewable Energy posts Rs 38.7 crore profit in June quarter

The company has reported a sharp jump in Q1 FY26 net profit to Rs 38.7 crore from Rs 4.8 crore YoY, with revenue surging 92.5% to Rs 1,761.6 crore on strong EPC project execution.

Heritage Foods’ net profit in June quarter down by 30.7%

Heritage Foods reported a weak set of numbers for the June quarter with a net profit of Rs 40.5 crore for Q1FY26, down 30.7% from Rs 58.4 crore in the same period last year. Revenue, however, rose 10.1% YoY to Rs 1,136.7 crore from Rs 1,032.6 crore.

Kilburn Engineering receives new orders of Rs 36.1 crore

Company has received Rs. 36.1 crore orders for various dryer packages and refurbishment projects.

Kalpataru Projects receives new orders of Rs 2,293 crore

Company along with its international subsidiaries have secured new orders/notification of awards of approx. Rs 2,293 crore. The details of the aforesaid new orders are as follows: • Orders in the Buildings and Factories (B&F) business in India • Order in the Power Transmission & Distribution (T&D) in overseas market.

Quest Flow Controls gets new order of Rs 19.9 crore

Quest Flow Controls Ltd (Meson Valves India Ltd) announced a significant milestone with the receipt of an order valued at Rs 19.9 crore from BHEL ESD, Bangalore. This marks the first collaboration between Quest Flow Controls and BHEL ESD and is a testament to the company’s growing expertise and reputation in the defence and marine sectors.

Jio Financial Services’ net profit in June quarter up by 3.8%

Jio Financial Services reported a 3.8% YoY growth in its Q1FY26 consolidated net profit at Rs 325 crore. Revenue from operations surged 47% at Rs 612 crore.

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Source: HDFC Securities Prime Research