Stocks to Watch for July 30: Dabur India, Eicher Motors, Bajaj Housing Finance, and More
Key Takeaways
- •MTAR Technologies reported Q1FY27 net profit of ₹50.2 crore, up from ₹10.8 crore a year earlier, with revenue more than doubling to ₹360 crore.
- •Redington Ltd posted the highest year-on-year profit growth among reporting companies, with PAT rising 76.6% to ₹486 crore.
- •Both Vedanta Oil & Gas and Vedanta Iron & Steel returned to profitability in the June quarter after reporting losses in the preceding quarter.
- •Hirect Ltd secured its first US order for traction motor assemblies, marking the company's initial entry into the American market.
- •Major companies including Bajaj Finance, Exide Industries, and Indian Railway Finance Corporation are scheduled to announce their June quarter earnings on Thursday.
Stocks to Watch for July 30: Dabur India, Eicher Motors, Bajaj Housing Finance, and More
Several major Indian companies have reported their June quarter (Q1FY27) earnings, while others are set to announce results on Thursday. Here is a roundup of the key corporate developments to watch.
MTAR Technologies
The precision engineering firm, which manufactures critical components for the aerospace, defence, and clean energy sectors, reported a net profit of ₹50.2 crore for Q1FY27, compared with ₹10.8 crore a year earlier. Revenue more than doubled, rising to ₹360 crore from ₹157 crore in the corresponding period last year.
Bajaj Housing Finance Ltd
The company posted a 22.6% year-on-year increase in net profit for the June quarter at ₹715 crore, compared with ₹583 crore a year earlier, driven by steady business growth and lower loan loss provisions.
Redington Ltd
Technology solutions provider Redington reported a profit after tax (PAT) of ₹486 crore for the first quarter on Wednesday (July 29), compared with ₹275 crore in the corresponding quarter last year, registering a 76.6% year-on-year growth.
Eicher Motors Ltd
Eicher Motors, the maker of Royal Enfield motorcycles and commercial vehicles through its joint venture VE Commercial Vehicles with Volvo, reported a 21.4% year-on-year increase in consolidated net profit for the June quarter, with earnings surpassing CNBC-TV18 estimates on the back of higher revenue and operating profit.
TeamLease Services Ltd
The people supply chain and staffing company reported a 31.4% year-on-year rise in consolidated net profit for the June quarter at ₹34.9 crore, compared with ₹26.5 crore in the corresponding period last year.
Vedanta Oil & Gas
The company reported a net profit of ₹945 crore for the June quarter, compared with a loss of ₹476 crore in the previous quarter.
Dabur India
Dabur India delivered another quarter of broad-based growth despite navigating a difficult operating environment marked by persistent inflation, volatile commodity prices, and geopolitical uncertainty in West Asia. The company posted a consolidated net profit of ₹586 crore, up 15.3% from ₹508 crore in the corresponding period last year.
Waaree Energies Ltd
The homegrown renewable energy company, one of India's largest solar module manufacturers, reported a consolidated net profit of ₹850 crore for the first quarter on Wednesday (July 29), compared with ₹745 crore in the year-ago quarter and ₹773 crore in the previous quarter. Net profit increased 14.09% year-on-year and 9.96% quarter-on-quarter.
Hirect Ltd
Power and railway equipment producer Hirect Ltd (formerly known as Hind Rectifiers Ltd) announced on Wednesday (July 29) that it has secured its first order from the United States for traction motor assemblies, marking the company's initial entry into the US market.
Vedanta Iron & Steel Ltd
The firm reported a net profit of ₹121 crore for the June quarter, reversing a loss of ₹1,939 crore in the preceding three months.
Upcoming Q1 Earnings
Several companies are scheduled to announce their June quarter earnings on Thursday, including Archean Chemical Industries, Ajanta Pharma, Apollo Pipes, AWL Agri Business, Bajaj Finance — one of India's largest non-banking financial companies — Best Agrolife, Exide Industries, ICRA, and Indian Railway Finance Corporation (IRFC).