WELCORPWelspun Corp Limited
Welspun Corp: Record EBITDA Signals Capex Boom Is Real
Q1 results · order book · capex cycle
ResearchDeep dive5 minIndustrials & Infra
Research Reports
24 Jul 2026
NIACLThe New India Assurance Company Ltd
New India Assurance swings to ₹256.8 Cr standalone loss in Q1 FY27 as combined ratio worsens to 121.4%
general insurance · combined ratio · underwriting loss
LODHAMacrotech Developers Ltd
Lodha's Best Quarter Yet—But Debt Compression Is the Real Story
Q1 FY27 results · debt compression · leverage
ResearchDeep dive5 min
NEOGENNeogen Chemicals Ltd
Neogen Q1: consolidated PAT jumps 67% YoY to ₹17.1 Cr, revenue up 34%, margins expand
specialty chemicals · battery chemicals · margin expansion
ARIHANTCAPARIHANT CAPITAL MARKETS LTD.
Arihant Capital Q1: consolidated PAT jumps ~69% YoY to ₹21.5 Cr as trading gains rebound
stock broking · capital markets · trading gains
JINDALSTELJINDAL STEEL & POWER LTD.
Jindal Steel Q1: consolidated PAT down 44% YoY to ₹844 Cr as margins compress
steel · margin compression · volume decline
CREDITACCCreditAccess Grameen Ltd
CreditAccess Grameen Q1 PAT surges to ₹493 Cr as credit costs normalise, NPM back to 27.7%
microfinance · nbfc · credit cost normalisation
SHREDIGCEMSHREE DIGVIJAY CEMENT CO.LTD.-$
Digvijay Cement Q1: revenue +72% on Hi-Bond traded volumes but PAT halves to ₹6.8 Cr as finance costs spike
cement · margin compression · finance cost spike
SHAKTIPUMPSHAKTI PUMPS (INDIA) LTD.-$
Shakti Pumps: consolidated PAT falls 47% YoY to ₹51.6 Cr as margins halve, despite 38% revenue growth
solar pumps · capital goods · margin compression
BANKINDIABANK OF INDIA
BoI Q1: consolidated PAT ₹3,303 Cr, ~41% adjusted YoY; margins widen, provisions ease
psu bank · net profit growth · lower provisions
INDCEMCAPINDIA CEMENTS CAPITAL LTD.
India Cements Capital: The Open Offer at ₹12—Fair Value or Arb Opportunity?
open offer · acquisition · consortium
ResearchDeep dive8 min
SHARDULSHARDUL SECURITIES LTD.
Shardul Securities: The ₹119 Crore Consolidation and the Margin Inflection
promoter acquisition · stake consolidation · earnings turnaround
ResearchDeep dive5 minFinancial Services
GANESHHOUGANESH HOUSING CORPORATION LTD.-$
Ganesh Housing Q1: PAT drops 55% YoY to ₹42 Cr as low-margin sales triple revenue
real estate · margin compression · revenue surge
DUKEOFSDUKE OFFSHORE LTD.
Duke Offshore — The 70% Ownership Flip That Changes Everything
PE acquisition · ownership change · offshore drilling
ResearchDeep dive6 minIndustrials & Infra
ACCACC LTD.
ACC Q1: consolidated PAT crashes 61% YoY to ₹147 Cr as costs stay high, plants idled
cement · margin compression · profit decline
LAURUSLABSLaurus Labs Ltd
Laurus Labs Q1: consolidated PAT more than doubles to ₹362 Cr as CDMO lifts margins
pharma · cdmo · margin expansion
STLTECHSTERLITE TECHNOLOGIES LTD.
STL's record Q1FY27: PAT at ₹197 Cr, margin hits 20.8% as revenue grows 87% YoY
optical fiber · data center · margin expansion
RKFORGERAMKRISHNA FORGINGS LTD.
Ramkrishna Forgings: consolidated PAT quadruples YoY to ₹47 Cr on 20% revenue growth, margins expand
forgings · auto components · margin expansion
ATULATUL LTD.
Atul Q1: consolidated PAT nearly doubles YoY to ₹254 Cr on chemicals margin recovery
specialty chemicals · margin expansion · profit surge
WENDTWENDT (INDIA) LTD.
Wendt Q1: consolidated PAT up 63% YoY to ₹6.2 Cr on 37% revenue growth, NPM expands
super abrasives · capital goods · margin expansion
HINDZINCHINDUSTAN ZINC LTD.
Hindustan Zinc Q1: consolidated PAT ₹5,469 Cr, up 145% YoY as silver, zinc prices drive record print
zinc · silver · metals
WELCORPWelspun Corp Limited
Welspun Corp Q1 consol PAT ₹1,048 Cr on ₹548 Cr EPIC gain; ~43% adjusted, margins up
steel pipes · line pipe · exceptional gain
SHRIRAMFINShriram Finance Ltd
Shriram Finance Q1 PAT up 60% YoY to ₹3,453 Cr on NIM expansion, MUFG capital boost
nbfc · retail asset financing · nim expansion
WPILWPIL LTD.
WPIL consolidated PAT doubles to ₹59 Cr as overseas engines fire; standalone halves
pumps · water infrastructure · international business
PONNIERODEPONNI SUGARS (ERODE) LTD.
Ponni Sugars Q1 loss narrows to ₹1.2 Cr as revenue jumps 52% YoY on stronger co-gen
sugar · co-generation · seasonal loss
LMWLAKSHMI MACHINE WORKS LTD.
LMW Q1: consolidated PAT ₹55.5 Cr ~5x YoY, revenue +24% as textile machinery clears losses
textile machinery · machine tools · capital goods
DALBHARATDalmia Bharat Ltd
Dalmia Q1: consol PAT ₹192 Cr after ₹182 Cr deal charge; underlying flat, margins slip
cement · margin compression · exceptional charge
VMARTV-MART RETAIL LTD.
V-Mart Q1: PAT jumps 41% YoY to ₹47 Cr as 9% SSSG lifts margins into guided 4-4.5% band
value retail · apparel · sssg
ASALAUTOMOTIVE STAMPINGS & ASSEMBLIES LTD.
ASAL Q1 PAT nearly doubles to ₹4.7 Cr as revenue jumps 46% YoY on volume recovery
auto components · auto ancillary · tata group
HCLTECHHCL TECHNOLOGIES LTD.
HCLTech's ₹14,257 Crore Sovereign AI Bet: Infrastructure or Overreach?
sovereign AI · capex · data center
ResearchDeep dive6 min