Today is scheduled for the release of financial reports for the first quarter of the fiscal year 2027 (Q1FY27) for a number of companies. Among them are Infosys, InterGlobe Aviation (Indigo Airlines), Cipla, Coromandel International, Mphasis, Chennai Petroleum Corporation, Indian Energy Exchange, Motilal Oswal Financial Services, Go Digit General Insurance, PVR INOX, Cyient, Allied Blenders and Distillers, Mahindra Lifespace Developers, Route Mobile, and Waaree Renewable Technologies.
Additional Reports and Forecasts
Results from firms such as Thyrocare Technologies, IIFL Capital Services, Capital Small Finance Bank, NIIT Learning Systems, Sammaan Capital, Fineotex Chemical, International Gemmological Institute (India), Sona BLW Precision Forgings, Solara Active Pharma Sciences, Fractal Analytics, MBL Infrastructure, Ramco Systems, Novartis India, Orient Cement, Shemaroo Entertainment, and Meesho are also expected today.
Infosys Results Overview
Infosys, the second-largest IT services company in India, will present its first-quarter results. Analysts surveyed by Business Standard predict that the Bengaluru-based company will report double-digit revenue growth of 12–15 percent. This growth is expected to be driven by an increase in deal volume, acquisitions, and improved demand in key sectors. The operating margin is anticipated to remain stable at 21.3–23.3 percent, while net profit is expected to rise to over 8100 crore rupees, an increase of 17 percent year-on-year.
Key Highlights from Eternal
Eternal's performance for the April-June quarter was supported by strong growth in the quick retail business Blinkit, which offset the decline in profitability compared to the previous period. Parent company Zomato and Blinkit recorded a threefold increase in net profit to 92 crore rupees in Q1FY27 compared to 25 crore rupees the previous year, attributed to a low base and improved operational metrics. Nevertheless, profit decreased by 47 percent compared to 174 crore rupees in the previous quarter. Revenue grew almost threefold year-on-year, reaching 20,211 crore rupees compared to 7,167 crore rupees, and also increased compared to 17,292 crore rupees in the January to March quarter. Consolidated adjusted EBITDA increased by 223 percent year-on-year to 555 crore rupees and by 29 percent compared to the previous quarter.
Market Overview on July 23
Indian stock indices opened lower on Tuesday due to rising oil prices and escalating tensions in the Middle East, negatively impacting investor sentiment. By 9:19 AM, the Nifty50 index fell by 100 points, or 0.42 percent, to 23,896.50, while the Sensex declined by 302 points, or 0.39 percent, to 76,453.42. Major losers on the Nifty50 included Dr. Reddy's Laboratories, Nestle India, and Infosys. Broader markets also faced pressure: the Nifty MidCap and Nifty SmallCap indices fell by 0.54 percent and 0.75 percent, respectively. The pharmaceutical, construction, and healthcare sectors showed the largest lag, while the FMCG and automotive sectors demonstrated better performance.