News

Avenue Supermarts shares sharply recovers from day’s low by more than 3%. The stock opened 1% lower after Q1 earnings came in below estimates and margin slipped nearly 100 basis points year-on-year.

Ola Electric Mobility Ltd. reported its results for the June quarter today. The company reported a net loss of ₹428 crore, which is wider than the net loss of ₹347 crore, it had reported during the same quarter last year. Revenue halved on a year-on-year basis, declining 50% to ₹828 crore. Read here

Ola Electric reports Q1 earnings:

-Net loss at ₹428 cr vs loss of ₹347 cr (YoY)

-Revenue down 50% at ₹828 cr vs ₹1,644 cr (YoY)

-EBITDA loss at ₹237 cr vs EBITDA loss of ₹205 cr (YoY)

HCL Technologies shares down nearly 1% ahead of Q1 earnings today.

HCLTech’s Constant Currency revenue growth is expected to decline 1.1% for the June quarter. A muted quarter is expected due to seasonal weakness in IT services business (pass through of annual productivity benefits).

For the June quarter, D-Mart’s revenue rose 16% year-on-year to ₹16,359.7 crore, but net profit remained flat at ₹772.8 crore, compared to ₹773.7 crore in the same period last year.

Gross margins narrowed to 15.3% from 15.6%. EBITDA grew 6.4% to ₹1,299 crore from ₹1,221 crore, while EBITDA margins slipped to 7.9% from 8.7%.

Shares of Avenue Supermarts Ltd., the parent company of hypermarket chain D-Mart, opened lower on Monday, July 14, after the company reported another weak set of numbers for Q1FY26. The stock has already declined 9% since July 1. Read here

Q1FY26 QoQ estimates

$ Revenue up 0.9% at $3,530 million vs $3,498 million

Re Revenue down 0.7% at ₹30,200 crore vs ₹30,426 crore

EBIT at ₹5,220 crore vs ₹5,442 crore

EBIT % at 17.3% vs 17.9%

PAT down 3% at ₹4,177 crore vs ₹4,307 crore

Good Morning!

Hello and Welcome to the Live coverage of the important Q1 results today.

Four important names will be reporting their results through the course of the day.

Watch this space for more live updates.NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.