Stocks to Watch: M&M, IndiGo, Tata Steel, Tata Motors, PowerGrid, and more
Tata Steel: India's second-largest steelmaker, Tata Steel, more than doubled its consolidated net profit to ₹ 2,077.68 crore in Q1FY26, compared to ₹ 918.57 crore in the corresponding period last year. This improvement was supported by better realisations in its India operations and narrowing losses in the UK unit.
IndiGo: InterGlobe Aviation, which operates IndiGo, reported a 20 percent decline in net profit to ₹ 2,176.3 crore for Q1FY26, down from ₹ 2,728.8 crore in the year-ago period. Despite this, the company's consolidated revenue rose 4.7 percent year-on-year to ₹ 20,496.3 crore, driven by continued travel demand.
Indraprastha Gas Ltd (IGL): IGL posted a 2 percent sequential rise in net profit to ₹ 356 crore in Q1FY26, falling short of analysts' expectations pegged at ₹ 380 crore. Revenue dipped marginally to ₹ 3,914 crore, while EBITDA increased 3.6 percent to ₹ 511.6 crore. Margins improved to 13.1 percent, still below the expected 13.9 percent.
Jio Financial Services Ltd (JFSL): JFSL is in focus after Reliance Industries' promoter group, led by Mukesh Ambani, announced plans to inject ₹ 15,825 crore into the company through a preferential issue of convertible warrants. This capital infusion will result in the promoter group holding over 51 percent in the NBFC, bolstering its financial position.
IIFL Finance: The company reported a 19 percent year-on-year decline in Q1FY26 net profit to ₹ 233.4 crore, impacted by rising cost pressures. Revenue, however, climbed 12.7 percent to ₹ 2,952.8 crore, reflecting strong top-line growth despite margin pressure.
Power Grid: Power Grid Corporation posted a 2.5 percent decline in consolidated net profit to ₹ 3,630.58 crore in Q1FY26 from ₹ 3,724 crore a year earlier. On a sequential basis, profit was down over 12 percent from ₹ 4,143 crore in Q4FY25. Revenue rose slightly to ₹ 11,196 crore from ₹ 11,006 crore in the same period last year.
Tata Motors: Tata Motors announced the acquisition of Italian commercial vehicle manufacturer Iveco Group, excluding its defence division, in a deal worth Euro 3.8 billion (approximately ₹ 38,240 crore). This marks the company's largest acquisition to date and expands its global commercial vehicle footprint.
Indus Towers: The telecom infrastructure company reported a 9.8 percent year-on-year decline in consolidated net profit to ₹ 1,736.8 crore in the June quarter, down from ₹ 1,925.9 crore in Q1FY25. The decline was attributed to provisioning on doubtful receivables from a leading client.
KPIT Technologies: KPIT Technologies posted a 16 percent year-on-year drop in net profit to ₹ 172 crore in Q1FY26, compared to ₹ 205 crore in the same quarter last year. Sequentially, the decline was sharper at nearly 30 percent from ₹ 245 crore in Q4FY25. Revenue rose 12.7 percent year-on-year to ₹ 1,539 crore, and marginally by 0.6 percent from the March 2025 quarter.
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