A number of major Indian companies, including Larsen & Toubro, Mahindra & Mahindra, Hero MotoCorp and United Breweries, are scheduled to announce their quarterly earnings later on Wednesday, in what is expected to be a busy day for corporate results.
Several firms have already reported strong performances for the fourth quarter. Aditya Birla Capital posted a 30% year-on-year rise in consolidated profit to Rs 1,124 crore, supported by a 12% increase in revenue to Rs 15,877 crore.
State-run engineering firm BHEL reported a sharp 156% jump in profit to Rs 1,296 crore, with revenue climbing more than 37% and earnings before interest, tax, depreciation and amortisation (EBITDA) more than doubling.
Tata Technologies recorded an 8% rise in profit to Rs 204 crore, while revenue grew over 22%. Ambuja Cements also reported strong results, with profit increasing nearly 78% to Rs 1,830 crore and revenue rising by about 10%.
Financial services firm IIFL Finance saw profit surge 148% to Rs 623 crore, as total income rose by more than half. Real estate developer Sobha reported a more than fourfold increase in profit, while Godrej Properties posted a 134% jump in earnings alongside a doubling of revenue.
In corporate developments, a promoter group member of KPR Mill confirmed that her shareholding remains unencumbered, in compliance with regulatory requirements.
Meanwhile, Standard Surfactants said a restructuring scheme involving Inox Green Energy Services and Inox Renewable Solutions has taken effect, following regulatory approval. The company also reported a fire incident at one of its plants in Madhya Pradesh, though no casualties were recorded and operations are expected to resume within months.
Elsewhere, Delhivery approved the grant of employee stock options, while several bulk deals were reported, including stake sales in Dhara Rail Projects and KRM Ayurveda.
Global investors were also active, with Capital Group entities acquiring significant stakes in Adani Ports, reflecting continued interest in Indian equities.
