On July 21, the financial results for the first quarter of the fiscal year 2027 (Q1FY27) are scheduled to be released by a number of companies. Among them are Bajaj Auto, TVS Motor Company, Crisil, Adani Energy Solutions, The Indian Hotels Company, IndiaMART InterMESH, Aditya Birla Sun Life AMC, Adani Total Gas, JSW Infrastructure, Mahindra & Mahindra Financial Services, Bandhan Bank, and other firms.
In addition to the above-mentioned companies, Anthem Biosciences, Aavas Financiers, Granules India, Mastek, Sagility India, Hatsun Agro Product, Cyient DLM, Arvind Fashions, Medplus Health Services, Trident, Huhtamaki India, TVS Holdings, Ador Welding, Kirloskar Pneumatic Company, NIIT, Sunteck Realty, MPS, E2E Networks, HIL (now BirlaNu), Gabriel India, Infobeans Technologies, Nureca, NDTV, and Welspun Specialty Solutions will publish their reports today.
Paytm reported a 79 percent year-on-year increase in consolidated net profit, reaching 220 crore rupees for the April-June period. Meanwhile, operating revenue increased by 28 percent due to continued growth in the payments and financial services business.
Revenue from operations in Q1FY27 amounted to 2,448 crore rupees, compared to 1,918 crore rupees the previous year, demonstrating consistent growth of 8.1 percent. Net profit also rose by 19.5 percent compared to the 184 crore rupees declared in the January-March quarter. However, income from other sources decreased by 24.5 percent year-on-year to 182 crore rupees, although it was slightly higher than the 178 crore rupees recorded in the previous quarter.
The domestic stock market hinted at a weak start on Tuesday, as futures trading fell by 90 points to 24,170, attributed to investor caution amid ongoing tensions between the US and Iran.
Asian markets showed mixed dynamics in early trading as traders monitored the latest geopolitical events in West Asia. South Korea's Kospi index fell by 2.8 percent, and Japan's Nikkei 225 dropped by 2.02 percent.
Market sentiment remained fragile following a statement by US President Donald Trump on social media that Tehran 'should pay' for the death of three US servicemen, raising concerns about further conflict escalation.
On Wall Street, the Dow Jones index fell by 0.59 percent overnight, the S&P 500 declined by 0.19 percent, and the Nasdaq Composite corrected slightly downward by 0.05 percent.
Today, July 16, is scheduled for the announcement of first quarter financial results (Q1FY27) for a number of companies, including Wipro, Jio Financial Services, Bharat Heavy Electricals (BHEL), Tech Mahindra, ITC Hotels, Ceat, and Polycab India.
In addition to those listed, firms such as Piramal Finance, South Indian Bank, WeWork India Management, Sampark India Logistics, Nelco, and Muthoot Capital Services will also present their reports today. These companies are ready to disclose their profits for the period from April to June.
The IT services company Wipro will announce its first quarter results for the fiscal year 2026-27 (Q1FY27) on Thursday, July 16, after market close (after 3:30 PM). According to documentation submitted to the stock exchange, the company's board of directors may consider paying an interim dividend to shareholders.
Brokers expect Wipro's revenue in this quarter to grow at a moderate pace. Meanwhile, margins are likely to remain under pressure due to rising wages, deal delays, and ongoing investments in artificial intelligence (AI).
According to a Business Standard report, ICICI Securities forecasts a 0.4% decline in Wipro's IT services revenue compared to the previous quarter (Q-o-Q) in constant currency (CC) and a 1.3% Q-o-Q decline in organic US dollars. Nevertheless, growth is expected to be supported by the launch of the $1 billion Olam deal, which is set for eight years and should help the retail segment. An additional contribution of about 0.8% is also anticipated from the consolidation of Mindsprint and Alpha Net Consulting over 1.5 months, as well as healthy revenue growth from the Harman acquisition, which should strengthen the technology and communications vertical.
The public sector bank Union Bank of India reported a 29.5% year-on-year increase in net profit for the quarter ending April-June. This profit amounted to 5,332 crore rupees compared to 4,116 crore rupees in the same period last year. The growth was attributed to a confident increase in core income and a reduction in operating expenses.
The bank's Net Interest Income (NII) increased by 10.1% year-on-year, reaching 10,037 crore rupees in the first quarter of FY2026-27, compared to 9,113 crore rupees the previous year. The Net Interest Margin (NIM) improved to 2.80% from 2.76% in the quarter a year ago. Non-interest income grew by 2.6% year-on-year to 4,603 crore rupees for the June quarter, whereas it was 4,486 crore rupees the previous year. However, this figure decreased by 15% compared to the 5,412 crore rupees reported in the March quarter.
The benchmark BSE Sensex index rose by 235 points, or 0.30%, reaching 77,419 around 9:20 AM on Thursday. Most Asian markets traded lower during the morning session, reflecting the overnight fall in global semiconductor stocks and heightened geopolitical tensions in the Middle East. Japan's Nikkei 225 and South Korea's Kospi fell by 3.24% and 7.3%, respectively.
