Tata Communications posted a 29% year-on-year drop in net profit for Q1FY27, a sharper-than-expected decline. Revenue rose 10% to Rs 6,583 crore, but Data Services EBIT fell 28% quarter-on-quarter to Rs 250 crore. The company also disclosed a Rs 18.52 crore reversal of provisions tied to revisions in India’s new labour codes, an accounting adjustment. Shares fell as much as 6% intraday, reflecting investor concern over earnings quality and the durability of growth.

Bajaj Auto reported FY2026 Q1 results with consolidated net profit up 45.9% year on year to Rs 3,225.63 crore and revenue from operations rising 65% to Rs 21,688.83 crore. The company’s EBITDA margin expanded 10 basis points sequentially, prompting multiple brokerages to raise target prices and EPS forecasts. Motilal Oswal upgraded the stock to ‘Buy’, while Jefferies kept a ‘Hold’ rating but raised earnings expectations. Management said monthly export volumes are expected to reach around 2.5 lakh units from the second quarter onward, according to brokerages.

Paytm (One 97 Communications) reported a strong FY2026 first quarter, with net profit up 79% year on year to Rs 220 crore and revenue from operations rising 28% to Rs 2,448 crore, while EBITDA came in at Rs 200 crore. Despite the beat, the stock fell 0.92% in early trade to Rs 1,335.10. Citi reiterated a Buy rating and raised its target price to Rs 1,560, while CLSA maintained an Underperform rating with a target of Rs 1,050. The brokerages differ on the potential impact of UPI merchant discount rate (MDR) policy and the sustainability of operating costs.

India’s Bank Nifty index fell 1.6% on June 20 after quarterly results from major private lenders pushed HDFC Bank and Axis Bank down 5% each. Investors focused on concerns that net interest margins are narrowing. ICICI Bank’s earnings beat expectations, highlighting divergence within the sector. The index traded at 57,578.25 during the session, near the 20-day moving average support level of 57,800.

ICICI Bank posted Q1 FY27 results, with standalone net profit rising 15.95% year on year to Rs 14,804.5 crore and net interest income up 12.7%, while net interest margin improved to 4.36% and asset quality continued to strengthen. Several global brokerages raised earnings forecasts and maintained positive ratings, with target prices going as high as Rs 1,700. The stock rose 1.13% on the day and is up 8.7% so far in 2026, outperforming the Nifty 50.

HDFC Bank posted a Q1 FY2026 (April–June) net profit of Rs 19,059.72 crore, up 4.98% year on year but below the estimate of Rs 19,332 crore. Net interest income came in at Rs 33,535.95 crore, also under expectations. After the results, the stock slid 4.29% on the day to Rs 784.45. The bank’s market capitalisation is above Rs 12.64 lakh crore, and the shares are down 17.2% in 2026, lagging the Nifty 50’s 6.9% decline.

Lohia Corp Ltd, a Kanpur-based maker of technical textile machinery, has set an IPO price band of Rs 404–425 per share, with the issue size capped at Rs 1,102 crore. The subscription window opens on July 23 and the shares are scheduled to list on July 30. The offer is a pure offer for sale, with no fresh fundraise. For fiscal 2026, the company reported a 64.2% rise in net profit to Rs 193.5 crore and a 24.7% increase in revenue to Rs 1,717 crore, and it says it holds a 40.7% value share in India’s woven Raffia machinery segment.

Polycab India reported fiscal Q1 results that beat expectations, with revenue up 39% year-on-year to Rs 8,209 crore and EBITDA rising 32.5% to Rs 1,136 crore, while EBITDA margin narrowed 70 basis points to 13.8%. Even so, the stock extended its decline for a third straight session, falling 3.96% and becoming the biggest loser on the NSE Midcap 50. Jefferies and HSBC reiterated their Buy calls, while pointing to copper and aluminium price volatility as a key risk.

Jio Financial Services reported a 156% year-on-year rise in Q1FY27 consolidated net profit to Rs 830 crore, while revenue from operations surged 227% to Rs 2,004 crore. Its NBFC lending disbursements topped Rs 11,000 crore and asset management closing AUM stood at Rs 18,412 crore. The results, sharply higher than a year earlier, helped lift the stock as much as 4.56% in the session. The company is an India-listed financial holding platform and has no direct link to the OUS/ARM/SUS assets listed.