&w=3840&q=100)
Q1 results today: ABB, Federal Bank, Finolex among 56 firms on August 2
Apexa Rai New Delhi
ABB India, Federal Bank, Balaji Amines, Mirza International, Neogen Chemicals, and Finolex Industries are scheduled to announce their earnings report for Q1FY26.
A host of other companies also expected to declare their Q1 results today include Medplus Health Services, Advanced Enzyme Technologies, Gujarat Ambuja Exports, Sarda Energy & Minerals, IKIO Technologies, Exxaro Tiles, and Utkarsh Small Finance Bank.
Q1 results highlights from August 1
ITC: Cigarette-to-soap conglomerate ITC reported a 3 per cent year-on-year (Y-o-Y) rise in consolidated net profit at ₹5,244.2 crore for Q1FY26, driven mainly by its cigarettes and agri businesses, up from ₹5,091.59 crore a year earlier.
Consolidated gross revenue grew 19.5 per cent to ₹23,129 crore, while net revenue stood at ₹21,495 crore — exceeding Bloomberg estimates. Sequentially, gross revenue rose 13.5 per cent from ₹20,376 crore.
PC Jeweller: The jewellery maker reported a 4 per cent year-on-year (Y-o-Y) rise in consolidated net profit at ₹161.93 crore for the quarter ended June 2025, up from ₹156.06 crore a year earlier. Total income surged to ₹807.88 crore in Q1FY26, compared to ₹439.78 crore in the same period last year.
Last month, the board approved a ₹500 crore equity infusion from promoters and Capital Ventures Pvt Ltd to prepay loans, aiming to become debt-free by the end of this fiscal.
Market close highlights from August 1
Indian benchmark equity indices closed lower on Friday, tracking global jitters after US President Donald Trump announced fresh tariffs on several trading partners, including 25 per cent tariffs on Indian imports, effective August 7. While the adjusted tariff on India was maintained at 25 per cent, the move weighed on investor sentiment.
The BSE Sensex declined 585.67 points or 0.72 per cent to end at 80,599.91, after trading between 81,317.51 and 80,495.57. The NSE Nifty50 fell 203 points or 0.82 per cent to settle at 24,565.35, with an intraday range of 24,784.15 to 24,535.05.
Barring Trent, Asian Paints, HUL, ITC, Kotak Mahindra Bank, and Reliance Industries, all Sensex components ended in the red. The top laggards included Sun Pharma, Tata Steel, Infosys, Maruti Suzuki India, and Tata Motors, which declined between 4.43 and 2.41 per cent.
List of firms releasing Q1 FY26 results on August 2
Saven Technologies Ltd
Aanchal Ispat Ltd
ABB India Ltd
Ad-Manum Finance Ltd
Advanced Enzyme Technologies Ltd
AJAX Engineering Ltd
Albert David Ltd
AMJ Land Holdings Ltd
Antariksh Industries Ltd
Annvrridhhi Ventures Ltd
Ashika Credit Capital Ltd
Atvo Enterprises Ltd
Balaji Amines Ltd
Bhageria Industries Ltd
Bharat Bhushan Finance & Commodity Brokers Ltd
Birla Precision Technologies Ltd
Damodar Industries Ltd
Eraaya Lifespaces Ltd
Epigral Ltd
Exxaro Tiles Ltd
Federal Bank Ltd
Finolex Industries Ltd
Gujarat Ambuja Exports Ltd
GSL Securities Ltd
HB Estate Developers Ltd
HB Leasing & Finance Company Ltd
IKIO Technologies Ltd
Incap Ltd
Indo Thai Securities Ltd
Krishna Ventures Ltd
Lead Financial Services Ltd
Madhav Infra Projects Ltd
Manbro Industries Ltd
Mawana Sugars Ltd
Medplus Health Services Ltd
Milestone Furniture Ltd
Mirza International Ltd
Neogen Chemicals Ltd
Patels Airtemp India Ltd
Pet Plastics Ltd
Pioneer Agro Extracts Ltd
Prime Industries Ltd
Real Growth Corporation Ltd
Sarda Energy & Minerals Ltd
Shivkamal Impex Ltd
Sirca Paints India Ltd
Sportking India Ltd
Stylam Industries Ltd
Tashi India Ltd
Tirupati Finlease Ltd
Urja Global Ltd
Utkarsh Small Finance Bank Ltd
Veljan Denison Ltd
Vishnu Chemicals Ltd
VL E-Governance & IT Solutions Ltd
Zenith Fibres Ltd
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
2 minutes ago
- Hans India
US tariffs: India set to bounce back bolstered by strategic reforms, robust domestic demand
New Delhi: As India-US trade talks stall, the resilience of India's economy is a cornerstone of its ability to weather these tariff pressures with minimal disruption as over the past decade, the country has transformed into a diversified economic powerhouse, bolstered by strategic reforms and robust domestic demand. According to BJP national spokesperson Tuhin Sinha, the trade talks, initially aimed at fostering mutual economic benefits, descended into a stalemate as the US pressed India with ambitious and arguably unrealistic demands. "Trump's administration sought extensive market access for American agricultural products, pharmaceuticals, and technology services, while imposing steep tariffs on Indian exports such as steel, aluminium, textiles, and IT services. These tariffs, coupled with demands that threatened India's domestic stakeholders, were met with resolute resistance from India, under the steadfast leadership of Prime Minister Narendra Modi," he emphasised in an opinion piece that appeared in NDTV. He further stated that committed to protecting the interests of farmers, fisheries, and Micro, Small, and Medium Enterprises (MSMEs), India refused to yield, prioritising its economic sovereignty. "This principled stance, as noted by economists Stuart and Linda Stern in their 2023 book India's Economic Ascendancy: Navigating Global Trade Challenges, has not only safeguarded India's core sectors but positioned it to emerge stronger from the ongoing tariff chaos," Sinha wrote. A SBI Research report last week said that imposition of a 25 per cent penalty on goods trade with India, with a proposition of an additional 25 per cent on the world's largest democracy, can be a bad policy decision for the US and its people. India - strategically protecting its sovereignty - must continue to protect its farmers from likelihood of predatory practices of select global conglomerates who may vie for a lucrative "Desi" pie without investing in sustainable market infrastructure creation, anchoring agri value chain financing and being a partner in welfare schemes that upend 'Ease of Living' for our farming community, the report stressed. According to Sinha, this tariff crisis presents India with a strategic opportunity to accelerate its pursuit of technological autonomy and expand its global market reach. "The Atmanirbhar Bharat (Self-Reliant India) initiative, another visionary policy spearheaded by PM Modi, has driven investments in indigenous technologies, particularly in critical areas like semiconductors, 5G infrastructure, and renewable energy," he emphasised. The Production-Linked Incentive (PLI) scheme has attracted global tech giants like Apple, Samsung, and Foxconn, boosting electronics exports by 22 per cent in 2024, according to the Ministry of Electronics and Information Technology. The tariff crisis has also reshaped the geopolitical landscape, creating opportunities for India to assert its global influence. "By standing firm against coercive trade tactics, India has bolstered its reputation as a principled and independent power. This stance has opened the door to fresh alignments, particularly within the Russia-India-China (RIC) framework," said Sinha. Prime Minister Modi's proposed visit to Beijing for the 2025 SCO Summit and his recent call with Brazilian President Luiz Inacio Lula da Silva signal India's intent to deepen ties with BRICS partners. "These diplomatic engagements, as noted by the Ministry of External Affairs (2025), reflect India's strategic balancing act, leveraging the tariff dispute to enhance its geopolitical leverage. The potential revival of RIC cooperation, alongside strengthened BRICS collaboration, positions India as a pivotal player in a multipolar world. By fostering these partnerships, India is not only countering US pressure but also shaping a new global order that prioritises mutual cooperation over unilateral demands," Sinha highlighted.
Mint
2 minutes ago
- Mint
PM Modi flags off three Vande Bharat Express trains in Bengaluru: WATCH
Prime Minister Narendra Modi flagged off three Vande Bharat Express trains at KSR Railway Station in Bengaluru on Sunday, August 10. These include trains from Bengaluru to Belagavi, Amritsar to Sri Mata Vaishno Devi Katra and Nagpur (Ajni) to Pune. While the much-awaited Bengaluru–Belagavi Vande Bharat Express was flagged off by Modi in person; the Shri Mata Vaishno Devi Katra–Amritsar, and Ajni (Nagpur)–Pune Vande Bharat services, were launched virtually, news agency PTI reported. Karnataka Governor Thaawarchand Gehlot, Chief Minister Siddaramaiah and Union Minister for Railways Ashwini Vaishnaw, were among others present at the event. Bengaluru–Belagavi Vande Bharat Express: It will be the 11th Vande Bharat service to operate in Karnataka. 'This train connects Bengaluru, India's Silicon City, with Belagavi, a hub of premier medical and engineering institutions, fostering economic and educational opportunities,' officials told PTI. According to officials, the Bengaluru–Belagavi Vande Bharat Express is the fastest train between these two cities, covering 611 km in just 8.5 hours. It will save approximately 1 hour and 20 minutes from KSR Bengaluru to Belagavi and 1 hour 40 minutes from Belagavi – KSR Bengaluru compared to existing services. Route: The Route traverses Karnataka's rich sugarcane belt, passing through key cities such as Dharwad, renowned for its prestigious educational institutions; Hubballi, a thriving commercial and industrial center; Haveri, an emerging agricultural hub; Davangere, popular for textiles and agriculture; and Tumakuru, a growing industrial and educational center. Timing: After the inauguration, the special inaugural train (Train No. 06575) will run from KSR Bengaluru to Belagavi, departing at 11:15 AM and reaching Belagavi at 8:00 PM the same day, with stops at Yesvantpur, Tumakuru, Davangere, SMM Haveri, SSS Hubballi, and Dharwad. The flagging of these new Vande Bharat trains underlines the central government's efforts to rejuvenate Indian railways to provide a world-class travel experience to the people. During his visit to Bengaluru, PM Modi will also inaugurate the Yellow line of Bangalore metro and undertake a metro ride from RV Road (Ragigudda) to Electronic City metro station today.
NDTV
17 minutes ago
- NDTV
"Perfect Time To...": Stephen Colbert, Jimmy Fallon Slam Trump's India Tariffs
Late-night show hosts Stephen Colbert and Jimmy Fallon have slammed US President Donald Trump for imposing a 50 per cent tariff on India. Mr Trump has imposed a 50 per cent tariff on Indian goods, including 25 per cent that kicked in on Thursday and another 25 per cent due to come into effect on August 28 as a penalty for buying Russian oil. During his "The Late Show", Mr Colbert said President Trump's tariffs on India will raise the price of items like gauze, bandages, and wading. "Yeah, yeah. Perfect time to introduce my new product, Steve's wad. What's in them? What do you care? You're bleeding. It's a wad," he joked during the show on Thursday. "I hope you remembered to set your clocks back to 'more expensive,'" he said after Mr Trump's sweeping new tariffs on more than 90 countries around the world came into effect Calling Mr Trump's tariffs"huge", he said the US administration has raised the import taxes to the highest level since the Great Depression in 1929. "Never a great sign to be compared to the worst thing ever," Mr Colbert said. He said that another country Mr Trump is "punishing" is Brazil, which is also facing a 50 per cent tariff. It is "bad news for meat-based Americans", Mr Colbert said. Jimmy Fallon Slams Trump's India Tariffs Jimmy Fallon also slammed Donald Trump's tariffs on India. "Well, guys, today more of President Trump's tariffs went into effect for more than 90 countries, including Canada, Brazil and India. The only places Trump didn't charge are North Korea and Epstein Island," he said Thursday. Mr Fallon's remarks came amid the Trump administration facing backlash over handling the case of disgraced financier Jeffrey Epstein. "Meanwhile, 50 per cent of tariffs on Brazil will dramatically raise the price of bananas, mangos and pineapples. Edible Arrangements was like, 'As long as you don't raise the price of cantaloupe and long toothpicks, we're good,'" Mr Fallon added. "Even toilet paper will get more expensive. You know it's bad when people come out of the bathroom like, 'Hey, where's that long CVS receipt?'" he said.
