Q1 Results Highlights: Tata Steel net profit soars to Rs 2,078 crore, M&M revenue rises 26%

"Tata Steel has demonstrated robust profitability across geographies despite volatile global macro conditions and heightened uncertainty. The strong improvement in our 1Q performance on QoQ as well as YoY basis was driven by an increase in our net steel realisations and the planned cost-take outs. In India, our large distribution network with 25,000+ dealers & distributors and our focus on delivering customer requirements helped us in selling higher value-added products and in creating value from the new facilities we commissioned. The volume ramp up at Kalinganagar is progressing smoothly and within six months of the start-up of the continuous annealing line facility, we have been successful in receiving grade approvals for high strength and ultra-high strength steel. Tata Steel now stands at par with global leaders in providing next generation lightweighting solutions and catering to advanced mobility applications. We are also leveraging the growing digital marketplace by expanding presence through e-commerce platforms such as Aashiyana and DigECA. The Gross Merchandise Value through these platforms now stands at Rs 5,400 crores on annualised basis, an increase of 52% YoY. Our mining operations complement steelmaking by providing secure and reliable supply of raw materials. I am happy to share that our Noamundi Iron ore mine was adjudged with 7-star rating by the Ministry of Mines for scientific and sustainable mining, one of only three such mines in India. In UK, we recently had the groundbreaking ceremony for the EAF at Port Talbot which marks yet another milestone in our journey to become a sustainable green steel operations. In Netherlands, our liquid steel production was 1.7 million tons and was close to rated capacity and performance was aided by favourable sales mix and higher realisations in the downstream business," said Tata Steel CEO TV Narendran.

Tata Steel reported a net profit of Rs 2,078 crore for Q1 FY26. This marks a 116% YoY rise from the Rs 960 crore net profit reported in Q1 FY25. The firm's revenue from operations however fell 3% YoY to Rs 53,178 crore.

IndiGo CEO Pieter Elbers said the crash of Air India flight AI 171 forced the cancellations of 100 flights between June 12-14. "The closure of Pakistan airspace since April caused IndiGo to cancel 30 weekly flights in April and May 2025," he added.

Mahindra & Mahindra reported a net profit of Rs 3,450 crore for Q1 FY26. This marks a 32% YoY rise from the Rs 2,612 crore net profit reported in Q1 FY25. The firm's revenue from operations meanwhile rose 26% YoY to Rs 34,083 crore.

IIFL Finance reported a net profit of Rs 233 crore for Q1 FY26. This marks a 19% fall from the Rs 288 crore net profit reported in Q1 FY25. The firm’s revenue from operations however rose to Rs 2,953 crore.

IIFL Finance reported a net profit of Rs 225 crore for Q1 FY26. This marks a 22% fall from the Rs 288 crore net profit reported in Q1 FY25. The firm’s revenue from operations however rose to Rs 2,953 crore.

"The recent trade agreement between India and UK will likely boost travel between the two countries, and IndiGo is well placed to take advantage of the same," said IndiGo CEO Pieter Elbers.

IndiGo CEO Pieter Elbers said the airline's grounded aircraft have reduced to around 30 aircraft as of June, 2025 from mid forties at the end of March 31, 2025.

"IndiGo will launch its business class product IndiGo Stretch on international flights to Dubai and Singapore," said Pieter Elbers, CEO.

Indraprastha Gas (IGL) reported a net profit of Rs 429 crore for Q1 FY26. This marks a 11% YoY decline from the Rs 481 crore net profit reported for Q1 FY25. The firm’s revenue from operations declined to Rs 4,327 crore.

Navin Fluorine reported a net profit of Rs 117 crore for Q1 FY26. This marks a strong rise from th Rs 51 crore net profit reported in Q1 FY25. The firm’s revenue from operations rose to Rs 725 crore.

CESC reported a net profit of Rs 387 crore for Q1 FY26. This marks a 2% YoY rise from the Rs 378 crore net profit reported in Q1 FY25. The firm’s revenue from operations rose to Rs 5,202 crore.

Hitachi Energy reported a net profit of Rs 132 crore in Q1 FY26. This marks a strong rise from the Rs 10 crore net profit reported in Q1 FY25. The firm's revenue from operations rose to Rs 1,478.90 crore.

Pieter Elbers, CEO, said, "The June quarter was shaped by significant external challenges that created headwinds for the entire aviation sector. Despite these industry wide disruptions, we reported a net profit of INR 21,763 million with a net profit margin of around 11% for the quarter ended June 2025. While the revenue environment saw moderation, demand for air travel held strong as we served more than 31 million passengers during the quarter, reflecting a growth of around 12 percent on a year-over-year basis. Looking forward, we remain optimistic about the growth of air travel and with our scale, network and fit for purpose fleet, we remain committed to serve the growing demand."

IndiGo announced that its number of passengers increased by 11.6 percent to 3.1 crore in Q1 FY26. The firm's capacity increased by 16.4% to 4,230 crore. As of 30th June 2025, IndiGo had a fleet of 416 aircraft, including 28 A320 CEOs (2 damp lease), 187 A320

NEOs, 141 A321 NEOs, 48 ATRs, 3 A321 freighters, 2 B777 (damp lease), 6 B737 (damp lease) and 1 B787 (damp lease). The airline reported a net decrease of 18 passenger aircraft during the quarter.

IndiGo operated at a peak of 2,269 daily flights during the quarter including non-scheduled flights. During the quarter, provided scheduled services to 91 domestic destinations and 41 international destinations.

IndiGo-parent InterGlobe Aviation reported a standalone net profit of Rs 2,161 crore for Q1 FY26. This marks a 21% YoY drop from the Rs 2,727 crore net profit reported in Q1 FY25. The airline's revenue from operations however rose 5% YoY to Rs 20,496 crore.

Power Grid on July 30 said its net profit rose 7% to Rs 3,653 crore for the quarter ended June 30, 2025. Its revenue from operations declined 1.3% to Rs 9,928 crore.

Power Grid board OKs raising up to Rs 30,000 crore via bonds, others in FY27. Power Grid board also OKs raising borrowing limit for FY26 to Rs 25,000 crore.

Hyundai Motor India reported a net profit of Rs 1,369 crore for Q1 FY26. This marks a 8% YoY drop from the Rs 1,490 crore net profit reported in Q1 FY25. The firm's revenue from operations meanwhile fell over 5% YoY to Rs 16,413 crore.

Mahindra & Mahindra (M&M) announced that it will release its quarterly earnings today, instead of tomorrow. "We now wish to inform you that due to certain exigencies there is a revision to the schedule and the Revised date of the Board Meeting would be today, Wednesday, 30th July, 2025 to, inter alia, consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the First Quarter ended 30th June, 2025," the firm said.

KPIT Tech reported a net profit of Rs 172 crore for Q1 FY26. This marks a fall of 16% YoY from the Rs 204 crore net profit reported in Q1 FY25. The firm’s revenue from operations rose to Rs 1,539 crore.

Birla Corporation reported a net profit of Rs 120 crore for Q1 FY26. This marks a significant rise from the Rs 32.62 crore net profit reported in the year-ago period. The firm’s revenue from operations rose to Rs 2,454 crore.

PNB shares dropped nearly 1% to trade at Rs 108.25 apiece. This comes after the company released its results for the first quarter of the financial year 2026.

Punjab National Bank (PNB) reported a net profit of Rs 1,675 crore for Q1 FY26. This marks a 48.5% YoY drop from the Rs 3,251 crore net profit reported in Q1 FY25. The firm's asset quality improved, with net non performing assets (NPA) falling to Rs 4,132 crore. The lender's net interest income stood at Rs 10,578.09 crore.

Vedant Fashions, the operator of popular garment brand Manyavar, reported a net profit of Rs 70 crore in Q1 FY26. This marks a rise of more than 12% YoY from the Rs 625 crore net profit reported in Q1 FY25. Its revenue rose to Rs 281 crore.

Redington reported a net profit of Rs 275 crore for Q1 FY26. This marks a 12% YoY rise from the Rs 246 crore net profit reported in Q1 FY25. The firm’s revenue from operations rose to Rs 25,952 crore.

Zydus Wellness reported a net profit of Rs 128 crore for Q1 FY26. This marks a 13% YoY drop from the Rs 148 crore net profit reported in Q1 FY25. The firm’s revenue from operations rose to Rs 861 crore.

Greaves Cotton reported a net profit of Rs 33 crore for Q1 FY26. This marks a 220 percent jump from the Rs 10 crore in Q1 FY25. The firm’s revenue from operations rose 17% YoY to Rs 745 crore. The shares rallied 6% after the earnings announcement.

The shares of Indraprastha Gas (IGL) dropped nearly 2 percent to trade at Rs 202.70. The company is set to announce its results for the first quarter of the financial year 2026.

The shares of Punjab National Bank (PNB) gained nearly 1 percent to trade at Rs 110.28 apiece. The lender is set to announce its results for the first quarter of the financial year 2026.

Hyundai Motor India shares dropped nearly 1 percent to trade at Rs 2,080 apiece. The automaker is set to announce its results for the first quarter of the financial year 2026.

Tata Steel shares were trading in the green with marginal gains at Rs 161.85 apiece. The company is set to announce its results for the first quarter of the financial year 2026.

Interglobe Aviation (IndiGo) shares were trading in the red with marginal losses at Rs 5,748 apiece. The company is set to announce its results for the first quarter of the financial year 2026.