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Indian corporate Q1 FY27 earnings

Updated 4 times since CLSTR started tracking revisions of this situation.

What changed

2026-07-31 04:32 UTC → 2026-07-31 09:40 UTC · added removed

In late July 2026 several Indian listed firms posted their first‑quarter FY 27 results, indicating broadly stronger profitability across sectors. Radico Khaitan reported record Q1 profit, with an EBITDA margin of 20.7 % and reaffirmed guidance for over 25 % volume growth. MAS Financial Services, Colgate‑Palmolive India and Ramkrishna Forgings each posted double‑digit profit jumps, underscoring rising revenues and expanding asset bases. Waaree Energies Ltd disclosed confirmed a 79 % year‑on‑year rise in revenue to about ₹7,932 crore and a 15.4 15 % increase gain in net profit to roughly ₹892 crore. profit, while operating EBITDA grew 44 % but the EBITDA margin fell slipped to 18.15 % from 22.53 % a year earlier as raw‑material costs jumped 63.5 %. Direct exports plunged to ₹287 crore from ₹1,034 crore, while revenue from its U.S. manufacturing footprint more than doubled to ₹1,322 crore. surged. The company added new orders worth ₹16,000 crore, completed a 55 % stake acquisition in Associated Power Structures, began manufacturing automated battery‑energy‑storage‑system containers, and commissioned 118.8 MW of the Neemuch Solar Park. Module production rose 41.5 company’s shares fell 5–6 % YoY to 3.24 GW and work continues on a 10 GW cell facility in Gujarat. Management described the margin concerns, but management said export slowdown as temporary, attributing it to customs‑clearance delays, was temporary and expects volumes to should normalise from the next quarter. Despite the The earnings beat, Waaree’s shares slipped about 5–6 season also revealed divergent outcomes among larger corporates. Vedanta Ltd reported an 18 % as investors flagged margin compression sequential decline in consolidated net profit to ₹5,473 crore and transmission‑constraint concerns announced a de‑merger of its real‑estate business. Thermax Ltd’s profit after tax collapsed 85 % to ₹22 crore after a ₹91 crore cost overrun on an industrial‑infrastructure project, sending its stock down over 16 %. Timex Group India posted a 70 % YoY profit jump to ₹25 crore, while Tata Steel saw a 12 % profit rise. MAS Financial Services continued AUM growth of 21 % and a 27 % increase in PAT, and Hyundai Motor India posted a 35 % profit decline. Collectively, the solar sector. season highlighted strong top‑line growth for many firms but also margin pressure, cost overruns and strategic restructurings affecting investor sentiment.

Versions

  1. 2026-07-31 09:40 UTC Indian corporate Q1 FY27 earnings
  2. 2026-07-31 04:32 UTC Indian corporate Q1 FY27 earnings
  3. 2026-07-30 12:46 UTC Indian corporate Q1 FY27 earnings
  4. 2026-07-30 08:26 UTC Indian corporate Q1 FY27 earnings
  5. 2026-07-29 14:52 UTC Indian corporate Q1 FY27 earnings

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