The shares of Travel Food Services and Belrise Industries recorded notable gains on August 12 after the two companies announced strong earnings for the April-June quarter of FY26. Scoda Tubes shares meanwhile dropped in trade.
The three companies recently debuted on the stock markets after successfully raising funds through IPO.
Travel Food Services:
Travel Food Services shares surged more than 4 percent after the company reported a net profit of Rs 91.77 crore for Q1 FY26. This marks a 66 percent on-year jump from the Rs 55.42 crore net profit reported in Q1 FY25. The firm's revenue from operations meanwhile fell nearly 8.5 percent YoY to Rs 375 crore.
The shares of the company had made a tepid market debut on the stock exchanges in July, listing at a premium of just over 2 percent against the IPO price at Rs 1,125 apiece. The shares of the company are currently trading at Rs 1,129 apiece. This means that despite today’s sharp rise, the stock has only made marginal gains overall so far.
Belrise Industries:
Belrise Industries on August 12 reported a net profit of Rs 111.68 crore for Q1 FY26. This marks a 56 percent on-year jump from the Rs 71.56 crore net profit reported in the corresponding quarter of the previous financial year. The firm’s revenue from operations meanwhile rose more than 27 percent on-year to Rs 2,262.2 crore during the quarter under review.
The shares of the company had made a decent debut on stock markets in May, listing at 11 percent premium to IPO price at Rs 100 per share. After the release of the results, the shares of the company jumped nearly 3 percent to hit an intraday high of Rs 137 apiece. This marks a 37 percent surge from the listing price.
The shares later pared some gains to trade 0.5 percent higher at Rs 134 apiece. Jefferies has kept a ‘Buy’ call on the stock, with a target price of Rs 135 apiece. This implies a limited upside potential of nearly 1.3 percent over the previous closing price of Rs 133.31 apiece.
Scoda Tubes:
Scoda Tubes on August 11 reported a 48 percent on-year jump in net profit to Rs 7.08 crore in Q1 FY26 from the Rs 4.79 crore in Q1 FY25. The firm’s revenue from operations meanwhile grew 6 percent on-year to Rs 97 crore.
Scoda Tubes had made a muted market debut in June, listing with zero premium over IPO price at Rs 140 per share. After the release of the results, Scoda Tubes shares dropped nearly 2 percent to trade at Rs 183 apiece. The stock has so far gained 31 percent from its listing price.
Also read: Our LIVE blog on stock market updates
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
