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Angel One Q1

Net Profit (RD)61% At `114.4 Cr Vs `292.7 Cr (YoY)

Revenue (RD)19% At `1,140 Cr Vs `1,405 Cr (YoY)

EBITDA (RD)41.7% At `274.10 Cr Vs `469.90 Cr (YoY)

Margin At 24.04% Vs 33.44% (YoY)

IXIGO Q1 EarningsL&T Technology Services reported a mixed performance for the June quarter, with profit narrowly beating expectations while revenue and operating earnings fell short of estimates.Net profit rose 0.7% sequentially to ₹316.1 crore, slightly above the CNBC-TV18 poll estimate of ₹303 crore. However, revenue declined 3.9% quarter-on-quarter to ₹2,866 crore, missing the expected ₹2,900 crore. hereTech Mahindra reported its Q1 results on Tuesday, with both profit and revenue coming in slightly below Street expectations. The IT major posted a net profit of ₹1,141 crore, lower than the CNBC-TV18 poll estimate of ₹1,170 crore.Revenue stood at ₹13,351 crore, also missing the expected ₹13,392 crore. However, EBIT came in at ₹1,477 crore, higher than the poll estimate of ₹1,463 crore. The operating margin stood at 11.1%, beating expectations of 10.9%.Shares of ITC Hotels climbed over 5% to hit an intraday high of ₹240.77 on the NSE on Wednesday, following a strong set of earnings for the June quarter.The stock saw renewed investor interest after the company reported a 54% year-on-year jump in net profit to ₹133 crore. Revenue also rose 15% to ₹815 crore, while EBITDA grew 19% to ₹246 crore. Margins expanded slightly to 29.9% compared to 29.03% in the same period last year.

ITC Hotels Q1 Earnings

– HDFC Life expects growth in FY26 to be lower than FY25

– APE growth is seen at 16-18% in FY26 vs 18% in FY25

– Also, company expects Q2 to be sluggish

– Net Profit Down 31% at ₹81 Vs ₹118 Cr (YoY)

– Revenue Down 5% at ₹559 Cr Vs ₹590 Cr (YoY)

– EBITDA Down 34% at ₹109 Cr Vs ₹165 Cr (YoY)

– Margin at 19.5% Vs 28% (YoY)

– Ad Revenue Down 7% at ₹394 Cr (YoY)

– Circulation Revenue Up 1% at ₹120 Cr (YoY)

Angel One recently released its June 2025 and Q1 FY26 business update. The company reported strong growth in client base and mutual fund SIPs, though weakness in trading volumes and F&O turnover weighed on sentiment.

Just Dial share price came under pressure on Wednesday, with the stock dropping up to 2.80% to hit an intraday low of ₹914.70 per share, despite the company reporting a healthy set of numbers for the June quarter (Q1FY26).

Broking firm Angel One is expected to report a net profit of about ₹133 crore and total income of ₹4,899.5 crore for the June quarter, according to Bloomberg estimates.

Brokerage firm Nuvama Institutional Equities has maintained a ‘Reduce’ rating on the stock but raised its price target to ₹202 from ₹182 earlier. However, the new target implies a potential downside of 43% from the stock’s closing levels on Tuesday.

Nuvama said that the stock appears fully priced, with limited upside potential going forward.

(1) Measures to improve to margins to 15% by FY2027,

(2) Time frame within which turnaround initiatives will start showing up in revenue performance,

(3) Growth in the keenly watched financial services vertical,

(4) Reasons for weak hi-tech and BPO businesses,

(5) Health of the deal pipeline and positioning in cost take-out deals,

(6) Any revenue leakage in existing accounts and positioning in vendor consolidation events and

(7) Tech Mahindra’s point of view on GenAI, expected productivity benefits and likely disruption in the BPO business.

Looking ahead, the management remains confident about credit cost normalisation in the coming quarters. Margins are also expected to improve from Q2FY26, supported by the higher proportion of fixed-rate loans (over 75%) and a large share of borrowings linked to the External Benchmark Lending Rate (EBLR).

HDB Financial posted a soft Q1FY26, with net profit declining on a year-on-year basis. Disbursements were also lower both YoY and sequentially. Brokerage firm Emkay Global has maintained a ‘Buy’ rating on the stock with an unchanged price target of ₹900, saying that one weak quarter does not alter its investment thesis.

Tech Mahindra’s margins are expected to further expand by 40 basis points to 10.9%, aided by cost optimisation efforts.

Margins, which bottomed out in Q2FY24, are expected to continue to improve. Goal is 15% by FY27-end.

Tech Mahindra’s constant currency revenue is expected to decline 0.7% sequentially. This would be the second quarter of decline in revenue. In Q1 revenue dropped by 1.5% due to delay in deal closures and a renewal deal in hi-tech space got delayed. This quarter there will be weakness in hi-tech vertical and seasonal weakness in the Comviva business.

Q1FY26e QoQ (CNBC-TV18 poll)

– USD revenue up 1% at $1,565 million vs $1,549 million

– Rupee revenue up 0.1% at ₹13,392 crore vs ₹13,384 crore

– EBIT at ₹1,463 crore vs ₹1,378 crore

– EBIT % at 10.9% vs 10.5%

– PAT up 0.3% at ₹1,170 crore vs ₹1,167 crore

HDB Financial Services, the unit of India’s largest private sector lender, HDFC Bank reported its June quarter results, which was its first as a listed entity. Net profit for the quarter declined on a year-on-year basis, as did disbursements, which also declined compared to the March quarter. Net Interest Margins saw a marginal improvement compared to the same quarter last year.

Just Dial reported earnings after market hours on Tuesday, July 15.

– Net Profit Up 13% At ₹160 Cr Vs ₹141 Cr (YoY)

– Revenue Up 6.2% At ₹298 Cr Vs ₹281 Cr (YoY)

– EBITDA Up 7.2% At ₹86.4 Cr Vs ₹80.6 Cr (YoY)

– Margin At 29% Vs 28.7% (YoY)

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