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RUPIE TIMES
📈 RESULTS AT A GLANCE · 22 JULY 2026
✦ Q1 FY27 EARNINGS SEASON ✦
⚡ Power & Energy🏦 Banking & NBFC💊 Pharma🏭 Industrials
1) Adani Power Ltd. Consolidated
Net Revenue
₹18,902 cr ⬆️ 34%
EBITDA
₹7,949 cr ⬆️ 40%
EBITDA Margin
42.1% ⬆️ 180 bps
Net Profit
₹4,867 cr ⬆️ 47%
📊 RUPIE TIMES INSIGHT
Adani Power delivered a stellar quarter with revenue up 34% and profit surging 47%. EBITDA margin expanded to 42.1% – a reflection of strong operational efficiency and higher plant availability. The power demand story is clearly working in their favor.
2) Nestle India Ltd. Consolidated
Net Revenue
₹6,378 cr ⬆️ 25% 🔻 5% QoQ
EBITDA
₹1,538 cr ⬆️ 40%
EBITDA Margin
24.1% ⬆️ 250 bps
Net Profit
₹959 cr ⬆️ 48%
📊 RUPIE TIMES INSIGHT
Nestle's YoY numbers look strong with 48% profit growth, but the QoQ dip signals a seasonal slowdown. Margins improved YoY but contracted sequentially. The company remains a quality FMCG play with steady long-term demand.
3) Eternal Ltd. (Zomato Parent) Consolidated
Net Revenue
₹20,211 cr ⬆️ 182%
EBITDA
₹594 cr ⬆️ 416%
EBITDA Margin
2.9% ⬆️ 130 bps
Net Profit
₹92 cr ⬆️ 268% 🔻 47% QoQ
📊 RUPIE TIMES INSIGHT
Revenue and EBITDA are exploding, but profit dropped 47% QoQ due to higher investments in Blinkit expansion. The quick commerce flywheel is spinning – 200 new stores added. This is a growth-at-all-costs phase. Long-term story remains intact.
4) Adani Green Energy Ltd. Consolidated
Net Revenue
₹4,431 cr ⬆️ 17%
EBITDA
₹3,985 cr ⬆️ 31%
EBITDA Margin
89.9% ⬆️ 980 bps
Net Profit
₹983 cr ⬆️ 19%
📊 RUPIE TIMES INSIGHT
Industry-leading 89.9% EBITDA margin – this is the power of renewable energy. Profit nearly doubled QoQ. AGEL is executing flawlessly on its 20+ GW capacity expansion. The renewable story in India is just getting started.
5) Bharat Petroleum Corporation Ltd. Consolidated
Net Revenue
₹1,59,527 cr ⬆️ 23%
EBITDA
-₹4,055 cr 🔻 142%
EBITDA Margin
-2.5% 🔻 1000 bps
Net Profit
-₹1,873 cr 🔻 127%
📊 RUPIE TIMES INSIGHT
A disaster quarter. BPCL posted a loss of ₹1,873 crore due to high crude oil prices and inventory losses. This is a stark reminder of how volatile oil marketing companies are. The Middle East conflict is hitting hard. Avoid until crude stabilizes.
6) Dr. Reddy's Laboratories Ltd. Consolidated
Net Revenue
₹8,100 cr 🔻 6%
EBITDA
₹860 cr 🔻 60%
EBITDA Margin
10.6% 🔻 1480 bps
Net Profit
₹436 cr 🔻 69%
📊 RUPIE TIMES INSIGHT
Revenue down 6%, profit down 69% YoY – a disappointing quarter. However, QoQ numbers show recovery. US generic pricing pressure and tariff threats on Indian pharma are major overhangs. Caution advised.
7) JSW Energy Ltd. Consolidated
Net Revenue
₹5,207 cr ⬆️ 1%
EBITDA
₹2,873 cr ⬆️ 3%
EBITDA Margin
55.2% ⬆️ 100 bps
Net Profit
₹533 cr 🔻 36%
📊 RUPIE TIMES INSIGHT
Revenue and EBITDA grew marginally, but profit fell 36% YoY due to higher depreciation and finance costs. The company is investing heavily in capacity expansion. This is a capex-driven profit dip – long-term story remains positive.
8) SRF Ltd. Consolidated
Net Revenue
₹5,033 cr ⬆️ 32%
EBITDA
₹1,237 cr ⬆️ 49%
EBITDA Margin
24.6% ⬆️ 290 bps
Net Profit
₹759 cr ⬆️ 76%
📊 RUPIE TIMES INSIGHT
SRF delivered a robust quarter with 76% profit growth. The specialty chemicals and packaging films businesses are firing. Margins expanded both YoY and QoQ. A quality play in the chemicals space.
9) IndusInd Bank Ltd. Standalone
NII
₹4,685 cr ⬆️ 1%
Net Profit
₹1,003 cr ⬆️ 47%
GNPA
3.3% ⬇️ 30 bps
NNPA
1.0% ⬇️ 10 bps
📊 RUPIE TIMES INSIGHT
NII growth was sluggish at just 1%, but profit jumped 47% due to lower provisions. Asset quality is improving with GNPA down to 3.3%. The bank is on a recovery path. Watch for NII acceleration in coming quarters.
10) Tata Communications Ltd. Consolidated
Net Revenue
₹6,583 cr ⬆️ 10%
EBITDA
₹1,230 cr ⬆️ 8%
EBITDA Margin
18.7% 🔻 40 bps
Net Profit
₹130 cr 🔻 44%
📊 RUPIE TIMES INSIGHT
Revenue is growing, but profit crashed 44% due to a one-time actuarial provision of ₹106 crore. The underlying business is stable. This is a temporary blip, not a structural issue. Look beyond the one-time charge.
11) UCO Bank Standalone
NII
₹2,808 cr ⬆️ 17%
Net Profit
₹656 cr ⬆️ 8%
GNPA
2.1% ⬇️ 50 bps
NNPA
0.3% ⬇️ 20 bps
📊 RUPIE TIMES INSIGHT
NII grew 17%, but profit growth was muted at 8% due to higher provisions. Asset quality is improving steadily – GNPA at 2.1% is the best in recent years. A steady turnaround story for this PSU bank.
12) HFCL Ltd. Consolidated
Net Revenue
₹1,915 cr ⬆️ 120%
EBITDA
₹414 cr ⬆️ 1,358%
EBITDA Margin
21.6% ⬆️ 1830 bps
Net Profit
₹246 cr ⬆️ 938%
📊 RUPIE TIMES INSIGHT
A spectacular turnaround! Revenue doubled, profit swung from a loss of ₹29 crore to a profit of ₹246 crore. The telecom and defense sectors are booming for HFCL. This is a stock to watch.
13) IIFL Finance Ltd. Consolidated
NII
₹2,200 cr ⬆️ 32%
Net Profit
₹713 cr ⬆️ 160%
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📊 RUPIE TIMES INSIGHT
160% profit growth! IIFL Finance is on a roll. The NBFC is benefiting from strong loan demand and improving asset quality. This is a quality play in the financial services space.
14) Jubilant Ingrevia Ltd. Consolidated
Net Revenue
₹1,300 cr ⬆️ 25%
EBITDA
₹199 cr ⬆️ 40%
EBITDA Margin
15.3% ⬆️ 160 bps
Net Profit
₹106 cr ⬆️ 41%
📊 RUPIE TIMES INSIGHT
A solid quarter with 41% profit growth. Margins are expanding. The specialty chemicals business is performing well. A steady, reliable performer in the chemicals space.
15) Tips Music Ltd. Standalone
Net Revenue
₹107 cr ⬆️ 21%
EBITDA
₹54 cr 🔻 5%
EBITDA Margin
50.3% 🔻 1390 bps
Net Profit
₹44 cr 🔻 5%
📊 RUPIE TIMES INSIGHT
Revenue grew 21%, but profit declined due to margin compression. The music streaming business is seeing higher costs. The company remains a niche player with a strong catalogue. Watch for margin recovery.
16) Tata Teleservices (Maharashtra) Ltd. Standalone
Net Revenue
₹302 cr ⬆️ 6%
EBITDA
₹163 cr ⬆️ 12%
EBITDA Margin
53.9% ⬆️ 300 bps
Net Profit
-₹72 cr ⬆️ 78%
📊 RUPIE TIMES INSIGHT
Losses narrowed significantly from -₹325 crore to -₹72 crore YoY – a 78% improvement. The company is on a recovery path. The QoQ profit drop is due to a one-off gain in the previous quarter. Progress is visible.
17) CSB Bank Ltd. Standalone
NII
₹479 cr ⬆️ 26%
Net Profit
₹150 cr ⬆️ 26%
GNPA
1.8% ⬇️ 0 bps
NNPA
0.4% ⬇️ 30 bps
📊 RUPIE TIMES INSIGHT
NII and profit both grew 26% YoY. Asset quality is improving with NNPA down to 0.4%. The bank is delivering steady, consistent performance. A good bet in the mid-cap banking space.
18) Bansal Wire Industries Ltd. Consolidated
Net Revenue
₹1,168 cr ⬆️ 24%
EBITDA
₹56 cr 🔻 21%
EBITDA Margin
4.8% 🔻 280 bps
Net Profit
₹21 cr 🔻 48%
📊 RUPIE TIMES INSIGHT
Revenue is growing, but profits are crashing. Margin compression is severe due to higher input costs. The steel and wire industry is facing cost pressures. Avoid until margins stabilize.
19) Stylam Industries Ltd. Consolidated
Net Revenue
₹327 cr ⬆️ 15%
EBITDA
₹69 cr ⬆️ 30%
EBITDA Margin
21.1% ⬆️ 240 bps
Net Profit
₹48 cr ⬆️ 70%
📊 RUPIE TIMES INSIGHT
A strong quarter with 70% profit growth. Margins are expanding. The laminate and decorative products business is performing well. A quality small-cap play.
20) Smartworks Coworking Spaces Ltd. Consolidated
Net Revenue
₹546 cr ⬆️ 44%
EBITDA
₹346 cr ⬆️ 44%
EBITDA Margin
63.3% 🔻 30 bps
Net Profit
₹13 cr ⬆️ 412%
📊 RUPIE TIMES INSIGHT
Revenue grew 44% and the company swung from a loss to a profit. The coworking space is booming. Margins remain strong at 63%. A turnaround story worth watching.
21) NACL Industries Ltd. Consolidated
Net Revenue
₹383 cr 🔻 15%
EBITDA
₹41 cr ⬆️ 9%
EBITDA Margin
10.8% ⬆️ 230 bps
Net Profit
₹21 cr ⬆️ 60%
📊 RUPIE TIMES INSIGHT
Revenue fell 15%, but profit grew 60% due to margin expansion. The agrochemical business is showing resilience. The QoQ profit surge is impressive. Watch for revenue recovery.
22) Mahindra Holidays & Resorts India Ltd. Consolidated
Net Revenue
₹733 cr ⬆️ 4%
EBITDA
₹113 cr 🔻 8%
EBITDA Margin
15.4% 🔻 210 bps
Net Profit
-₹9 cr 🔻 219%
📊 RUPIE TIMES INSIGHT
A disappointing quarter – the company slipped into a loss. Margins contracted sharply. The holiday and resort business is facing seasonal headwinds. Avoid until a turnaround is visible.
23) AYE Finance Ltd. Standalone
NII
₹347 cr ⬆️ 24%
Net Profit
₹75 cr ⬆️ 144%
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📊 RUPIE TIMES INSIGHT
144% profit growth YoY! Aye Finance is scaling rapidly in micro-enterprise lending. The QoQ dip is seasonal. This is a quality NBFC with strong growth prospects.
24) Orient Electric Ltd. Standalone
Net Revenue
₹950 cr ⬆️ 23%
EBITDA
₹67 cr ⬆️ 44%
EBITDA Margin
7.0% ⬆️ 100 bps
Net Profit
₹32 cr ⬆️ 80%
📊 RUPIE TIMES INSIGHT
Revenue and profit grew YoY, but QoQ margins contracted. The electrical appliances business is seasonal. The company is a steady performer in the consumer durables space.
25) Vardhman Special Steels Ltd. Standalone
Net Revenue
₹486 cr ⬆️ 12%
EBITDA
₹58 cr ⬆️ 84%
EBITDA Margin
12.0% ⬆️ 470 bps
Net Profit
₹41 cr ⬆️ 107%
📊 RUPIE TIMES INSIGHT
A strong quarter with profit doubling. Margins expanded sharply. The speciality steel business is benefiting from better product mix and pricing. A quality small-cap in the steel space.
26) Emami Paper Mills Ltd. Standalone
Net Revenue
₹560 cr ⬆️ 22%
EBITDA
₹83 cr ⬆️ 120%
EBITDA Margin
14.8% ⬆️ 660 bps
Net Profit
₹39 cr ⬆️ 513%
📊 RUPIE TIMES INSIGHT
A spectacular turnaround – profit jumped 513%. Margins more than doubled. The paper business is benefiting from higher prices and better operational efficiency. A stock to watch.
⚡ RUPIE TIMES · BOTTOM LINE
🏆 Best Performers
- ⬆️ HFCL – Profit swing from -₹29 cr to +₹246 cr (938% growth)
- ⬆️ Emami Paper Mills – Profit up 513%
- ⬆️ Adani Power – Profit up 47% with 42% margins
- ⬆️ SRF – Profit up 76% with expanding margins
- ⬆️ IIFL Finance – Profit up 160%
⚠️ Worst Performers
- 🔻 BPCL – Loss of ₹1,873 cr on crude spike
- 🔻 Dr. Reddy's – Profit down 69% on pricing pressure
- 🔻 Mahindra Holidays – Slipped into loss
📊 Key Takeaways
- ⚡ Energy & Power – Adani Power & Adani Green stellar; BPCL disaster
- 🏦 NBFCs – IIFL, Aye Finance, IndusInd all strong
- 💊 Pharma – Dr. Reddy's disappointed; tariff threats loom
- 🏭 Chemicals – SRF & Jubilant Ingrevia solid quarters
- 📈 Turnaround Stories – HFCL & Emami Paper Mills shine
⚠️ SEBI REGULATORY DISCLAIMER — EDUCATIONAL & INFORMATIONAL ONLY
This report is for informational and educational purposes only. The above views are of the author and not of the website. This does NOT constitute investment advice, a research report, or a solicitation to buy/sell securities. The author/publisher is NOT a SEBI-registered Research Analyst.
Stock markets carry risk. Past performance is not indicative of future results. Readers are strongly advised to consult a SEBI-registered investment adviser before making any financial decisions.
📞 SEBI SCORES Helpline: 1800 266 7575 | sebi.gov.in
✍️ Rupie Times | 22 July 2026 — Results at a Glance
This report is for informational and educational purposes only. The above views are of the author and not of the website. This does NOT constitute investment advice, a research report, or a solicitation to buy/sell securities. The author/publisher is NOT a SEBI-registered Research Analyst.
Stock markets carry risk. Past performance is not indicative of future results. Readers are strongly advised to consult a SEBI-registered investment adviser before making any financial decisions.
📞 SEBI SCORES Helpline: 1800 266 7575 | sebi.gov.in
✍️ Rupie Times | 22 July 2026 — Results at a Glance
