According to data from Ace Equity, 31 companies have demonstrated consistent net profit growth over the last four quarters during the April-June period. Notable performers include Tata Consultancy Services (TCS), Avenue Supermarts (DMart), Indian Bank, Bank of Maharashtra, LTM, L&T Finance, Anand Rathi Wealth, GM Breweries, Just Dial, and Elecon Engineering Company. The first-quarter earnings season has largely met or surpassed analyst estimates, as reported by market observers.
On a consolidated basis, TCS reported a net profit of ₹13,349 crore for the first quarter, while revenue from operations advanced 14% to ₹72,275 crore from ₹63,437 crore in the year-ago period. The company earned $2.6 billion in revenue from providing artificial intelligence services, marking a sequential increase of 14%. This performance demonstrates the growing demand for AI solutions in the current market environment.
According to reports, DMart reported a net profit of ₹861 crore in the first quarter, representing an 11% increase from ₹773 crore in the same period last year. The company's revenue from operations advanced 15% to ₹18,795 crore from ₹16,360 crore in the year-ago period. Avenue Supermarts posted stable operational performance with EBITDA rising 15% to ₹1,499 crore and an EBITDA margin of 7.98%.
As reported by market data, Indian Bank demonstrated robust financial performance with net interest income surging 17% to ₹7,435 crore compared with ₹6,359 crore in the year-ago period. The bank's provisions for bad loans dropped significantly to ₹376 crore at the end of the first quarter from ₹748 crore in the previous quarter and ₹387 crore in the year-ago period. This improvement in asset quality reflects better risk management and operational efficiency.
