&w=3840&q=100)
Q1 results today: HCL, Ola, Tata Tech among 25 firms on July 14; see list
New Delhi
HCL Technologies, Ola Electric, and Tata Technologies will be among 25 companies to release their earnings report for the first quarter (Q1) of the financial year 2025-26 (FY26).
Other companies releasing their performance report for the April-June quarter include Tejas Networks, Nelco, Rallis India, and Sambhv Steel Tubes.
HCL Tech Q1 preview
HCL Technologies is expected to report a slight dip in both revenue and net profit for the first quarter, largely due to seasonal weakness and slower performance in its services and products segments. Analysts polled by Business Standard estimate a marginal 0.02 per cent quarter-on-quarter decline in revenue to ₹30,240.28 crore. Net profit is projected to drop by 3.76 per cent sequentially to ₹4,145.13 crore, and by 2.65 per cent year-on-year. The decline is attributed to seasonal productivity resets and pressure on the services business, which is also likely to impact the company's profit margins.
Market overview July 14
Indian equity benchmark indices closed lower on Friday, July 1, following a largely range-bound week, as investor sentiment weakened due to disappointing earnings from Tata Consultancy Services (TCS). The IT major's weaker-than-expected Q1 results triggered a sell-off in technology stocks. Additionally, escalating global trade tensions weighed on markets after US President Donald Trump imposed fresh tariffs on Canadian imports. The BSE Sensex declined by 689.81 points or 0.83 per cent to close at 82,500.47, while the Nifty50 fell 205.4 points or 0.81 per cent to settle at 25,149.85. Broader markets also ended in the red, with the Nifty MidCap index down 0.88 per cent and the Nifty SmallCap index slipping 1.02 per cent.
Today, July 14, markets are expected to open on a cautious note, influenced by both domestic and global factors. Key triggers include India's June inflation data (CPI and WPI), HCLTech's Q1 earnings, and developments in the global trade landscape, particularly following Trump's 30 per cent tariffs on the European Union and Mexico. Additionally, investors will watch for China's June trade data, trends in institutional investments, and activity in the primary market. Broader global cues also remain weak.
List of firms releasing Q1 FY26 results on July 14
Authum Investment & Infrastructure Ltd
Benares Hotels Ltd
Citadel Realty and Developers Ltd
Den Networks Ltd
Essar Projects India Ltd
G G Auto Products Ltd
Gowrishankar Commercial Ltd
GSB Finance Ltd
Hathway Cable & Datacom Ltd
HCL Technologies Ltd
Inderjit Good & Co Ltd
Infomedia Press Ltd
Kesoram Industries Ltd
Kiranshya Finance & Leasing Ltd
Nelco Ltd
Ola Electric
Rallis India Ltd
RGF Ltd
Royal Industries Ltd
Sambhv Steel Tubes Ltd
Sharp Investments Ltd
Space Incubation Ltd
SS Worldwide Logistics Ltd
Tata Technologies Ltd
Tejas Networks Ltd
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
11 minutes ago
- Business Standard
CoreWeave commits $6 bn to Pennsylvania data centre amid Trump AI push
The announcement will be made during a CEO roundtable with Trump at Senator Dave McCormick's inaugural Pennsylvania Energy and Innovation Summit, the company said in a statement Reuters
&w=3840&q=100)
Business Standard
16 minutes ago
- Business Standard
Govt to table 8 new Bills in monsoon session of Parliament starting July 21
For the monsoon session of Parliament, which begins on July 21, the government has listed eight new Bills, including the Jan Vishwas (Amendment of Provisions), Taxation Laws (Amendment), and Minerals (Development and Regulation) Amendment Bills. The session is also set to see the Opposition INDIA bloc parties demand that the government brief Parliament on Operation Sindoor and India's foreign policy, especially with China. They may also seek information on the proposed India-US Bilateral Trade Agreement and US President Donald Trump's repeated claims that he used trade as a bargaining chip to persuade India and Pakistan to end their military conflict. On Tuesday, Congress president Mallikarjun Kharge, who is also leader of the Opposition in the Rajya Sabha, met Rajya Sabha Chairman Jagdeep Dhankhar. 'The Opposition wants a productive Rajya Sabha session from July 21. For that to happen, a number of strategic, political, foreign policy and socio-economic issues that are of great public concern need to be debated and discussed," Kharge said in a post on X after the meeting. The government's 'tentative' list of business for the monsoon session, released by the Lok Sabha and Rajya Sabha secretariats late Monday evening, does not mention a Bill to amend the Insolvency and Bankruptcy Code (IBC) of 2016. The Parliamentary Standing Committee on Finance is currently studying the IBC to recommend to the government ways to make it more robust. In its three meetings on the subject, 'review of working IBC and emerging issues', the panel has tried to understand the perspectives of banks. At its meeting slated for July 29, it will meet representatives of the Reserve Bank of India (RBI). The government is also set to introduce the Geoheritage Sites and Geo-relics (Preservation and Maintenance), National Sports Governance Bill, and National Anti- Doping (Amendment) Bills. According to the government's list of business, the Mines and Minerals Bill will seek to provide for viable recovery of associated critical minerals, inclusion of contiguous area in a lease for optimal and scientific mining of deep-seated minerals and widening the scope of National Mineral Exploration Trust. The Jan Vishwas Bill seeks to foster ease of doing business and to promote ease of living. The Indian Institutes of Management (Amendment) Bill seeks to include IIM Guwahati in the Schedule of the Act. The Geoheritage Sites and Geo-relics (Preservation and Maintenance) Bill seeks to provide for the declaration, preservation, protection and maintenance of geoheritage sites and geo-relics of national importance for geological studies. The National Sports Governance Bill aims to establish institutional capacity and standards for the governance of sports federations. It would also help establish measures for the resolution of sports grievances and sports disputes. In addition to these Bills, Parliament will also consider some of the pending Bills, including the Income-tax Bill, which was referred to a select committee during the Budget session for further scrutiny. The government will also seek Parliament approval for having extended the President's Rule in Manipur.
Mint
18 minutes ago
- Mint
Short-seller Viceroy accuses Vedanta promoters of hidden stake via welfare trust
The entity under scrutiny is PTC Cables Pvt. Ltd (PTCC), which holds a 1.91% stake in Vedanta Ltd, a company with a market capitalization of ₹ 1.75 trillion, according to BSE data. PTCC is owned by Bhadram Janhit Shalika Trust (BJST), which Viceroy alleges is controlled by the Agarwal family, founders of the Vedanta Group. According to Viceroy, PTCC received ₹ 1,500 crore in dividend income from Vedanta over the past five years, and the capital was "upcycled" to promoter-linked entities. 'PTCC exists for one purpose: to quietly recycle Vedanta's cash into promoter-controlled vehicles while maintaining the illusion of independence," the Viceroy report said. Vedanta denied the allegations. 'These assertions are baseless," a spokesperson for the company said, adding that the company was compliant with the disclosure norms as stipulated by the Securities and Exchange Board of India (Sebi) and the Companies Act, 2013. 'Neither BJST nor PTCC are part of the promoter group as defined under applicable regulations, and their shareholding has been transparently disclosed in public filings," the spokesperson added. A day after Viceroy released its report, JP Morgan had issued a note, telling investors not to get distracted by the allegations on corporate governance and financial management, and that the global brokerage had an Overweight rating on both Vedanta Resources Ltd and Vedanta Ltd. Viceroy's claims are based on publicly available records. In a 2009 income-tax case, BJST's correspondence address was listed as Anil Agarwal's personal residence in Mumbai. In another case, the trust's address was that of Todarwal & Todarwal, a firm linked to Arun Todarwal, who currently serves as a director on the board of Sterlite Power Grid Ventures, a Vedanta subsidiary. Todarwal has also previously served as a director on the boards of Hindustan Zinc Ltd, Sterlite Technologies, MALCO, and BALCO. The report acknowledged that no conclusive documentation of current control was available, noting that Indian trusts are subject to less stringent disclosure obligations compared to companies. Viceroy also cited unnamed former Vedanta employees who claimed that the Agarwal family's control over PTCC was an "open secret" within the company. In addition to alleging hidden promoter ownership, the report flagged governance concerns at PTCC. The company was incorporated in 1993 with the Agarwal family as shareholders and was transferred to BJST in 2017. Its current directors are Todarwal and Kannan Ramamirthan. Ramamirthan is an independent director of Hindustan Zinc, Vedanta's most profitable subsidiary. He has also previously served on the boards of other Vedanta group firms, including Talwandi Sabo Power Plant, BALCO, Sterlite Energy, and Sterlite Interlinks. Vedanta has not disclosed in its filings that PTCC—classified as a public shareholder—has directors with long-standing associations with the group. The company did not respond to a specific query on this issue. Calls and emails to Todarwal for a comment did not elicit a response. Mint could not reach Ramamirthan for a comment. Concerns about the independence of BJST and PTCC are not new. In a 2020 note, proxy advisory firm Stakeholder Empowerment Services (SES) had said that BJST was previously known as the SIL Employee Welfare Trust and was linked to Sterlite Industries Ltd, which was later merged into Vedanta. The trust was subsequently renamed as BJST. 'It is not clear as to who presently controls the BJST," SES had written. However, if the firm was under the control of Vedanta, then PTCC should be classified as a promoter shareholder, it said. Viceroy's first report on the Vedanta Group was published on 10 July, a day before Vedanta Ltd's annual general meeting (AGM). The initial report triggered a drop in the company's stock, though shares later recovered. At the AGM, shareholders reposed their faith in the company. Since the report's release, Vedanta shares have gained 2% to close at ₹ 449.75 on Tuesday. Also Read | Vedanta shareholders back firm after Viceroy report Viceroy has disclosed a short position in the bonds of Vedanta Resources, the unlisted holding company of the group, but said it has no exposure to Vedanta Ltd or any other listed Vedanta entities in India.
