Several stocks experienced significant movements following the release of June-quarter earnings and key business developments. DCM Shriram shares gained 4% after the company reported a remarkable more than six-fold jump in Q1 net profit to ₹692.8 crore from ₹113.4 crore a year ago. The company's revenue rose 9.5% to ₹3,784.7 crore from ₹3,455.2 crore, aided by exceptional gains of ₹79.42 crore. Larsen & Toubro (L&T) shares advanced nearly 4% after the engineering major posted a 14% rise in Q1 profit to ₹4,123 crore from ₹3,617 crore, while revenue increased 7% to ₹67,942 crore from ₹63,679 crore. According to latest reports, L&T's consolidated revenue from operations could see a single-digit rise of 1% to 3% YoY to ₹64,500 crore to ₹65,600 crore, though revenue could fall 20% to 22% on a sequential basis due to geopolitical headwinds impacting project execution, particularly in the West Asia region which contributes over 30% of L&T's revenue.
Rail Vikas Nigam (RVNL) shares jumped 3% after the company received a Letter of Acceptance (LoA) from East Central Railway for a ₹358.97 crore EPC contract involving doubling works on the Kundawa Chainpur–Raxaul section under the Sitamarhi–Raxaul rail doubling project. The contract represents a significant infrastructure development for the railway sector. Birlasoft shares gained 1.2% after the IT company posted a 51.3% surge in Q1 profit to ₹161 crore from ₹106.4 crore, with revenue rising 7.4% to ₹1,379.4 crore from ₹1,284.9 crore.
Phoenix Mills shares shed 5% despite the company reporting a 23.3% increase in Q1 profit to ₹296.9 crore from ₹240.7 crore, while revenue rose 12.8% to ₹1,074.9 crore from ₹953 crore. The contrasting performance highlights sector-specific market dynamics and investor sentiment toward different business segments. These stocks are expected to remain on investors' radar as the market digests the latest quarterly earnings and company-specific announcements, which could drive stock-specific movement during the trading session.
The latest earnings season has shown mixed results across sectors, with infrastructure and technology companies leading gains while FMCG and cement sectors faced challenges. Hindustan Unilever shares tumbled 5% following the company's Q1 results, with net profit declining 3% YoY to ₹2,673 crore despite revenue growing 10% to ₹17,341 crore. However, Radico Khaitan reported strong performance with PAT rising 76% YoY to ₹230 crore and revenue up 10% to ₹5,867.69 crore. Market experts continue to monitor geopolitical uncertainties and their impact on project execution, particularly affecting companies with significant international exposure. L&T's management highlighted their portfolio resilience and successful completion of strategic divestments including the sale of Nabha Power Limited and signing of share purchase agreement with Hyderabad Metro Rail Limited.
