GIFT Nifty
Indian equities are likely to witness a cautious start on Tuesday, with the GIFT Nifty trading at 24,107.50 ahead of the weekly F&O expiry, indicating a muted opening after benchmark indices closed lower in the previous session.
India Market Recap
Indian equity benchmarks ended lower on Monday as weak global cues and escalating tensions between the United States and Iran weighed on investor sentiment. The NSE Nifty 50 declined 95.80 points, or 0.39%, to close at 24,238.50, while the BSE Sensex fell 442.93 points, or 0.57%, to settle at 77,708.52. Market sentiment remained cautious amid geopolitical uncertainty and rising volatility in global markets. On the technical front, Nifty support is placed in the 24,100–24,000 range, while resistance is seen between 24,350 and 24,450.
US Market Recap
Wall Street ended on a mixed note overnight as investors remained cautious ahead of key corporate earnings. The Dow Jones Industrial Average declined 0.59%, weighed down by a 2% drop in Apple shares. The S&P 500 slipped 0.19%, while the Nasdaq Composite edged 0.05% lower. US stock futures were largely unchanged during early Asian trading, with Dow futures rising 14 points, while S&P 500 and Nasdaq-100 futures traded broadly flat.
Asian Market Update
Asian markets traded mixed on Tuesday as investors stayed on the sidelines ahead of earnings from major US technology companies. Ongoing geopolitical tensions in the Middle East and concerns over global trade also kept risk appetite subdued. Japan's Nikkei 225 gained 0.39%, while South Korea's Kospi declined 0.98%. Australia's ASX 200 also traded lower, falling 0.53%.
Commodity Check
Oil prices remained elevated despite a modest pullback, as markets continued to assess geopolitical risks in the Middle East. Brent crude eased 0.4% to $88.86 per barrel after traders evaluated potential risks to Saudi Arabian exports following threats by Yemen's Houthi rebels to disrupt shipping through the Red Sea. Although prices softened slightly on Tuesday, crude continues to trade at elevated levels, supported by persistent concerns over global energy supply disruptions.
Stocks In News
- Intellect Design Arena: Launched Credit Union Solution Suite for credit unions and mutuals globally.
- Sammaan Capital: Commenced a tender offer for up to US$18 million of 9.70% senior secured social bonds due 2027.
- Technocraft Industries: Subsidiary acquired 100% stake in Japan's Technosoft Integrated Solutions K.K. for JPY 50,000.
- Emcure Pharmaceuticals: Poviztra received CDSCO approval for treatment of MASH in adults with F2-F3 liver fibrosis.
- SMS Pharmaceuticals: One accused arrested in a share-impersonation case; investigation is ongoing.
- Ashiana Housing: Ashiana Oma converted 224 units into bookings worth Rs. 372.45 crore.
- Redington: Signed a five-year strategic agreement with Resulticks to expand AI-led customer engagement across the Middle East, India and SESA.
- TVS Holdings: Stake in Home Credit reduced to 74.45% from 80.17%.
- ACME Solar Holdings: Commissioned 160.512 MWh of battery energy storage capacity; total commissioned capacity now stands at 285 MW / 1,113.472 MWh. Commercial operations begin 22 July 2026.
- Indo Thai Securities: Approved issuance of NCDs worth Rs. 100 crore on a private placement basis.
- InterGlobe Aviation: IndiGo and CFM signed an MoU that could lead to a record order for more than 1,000 LEAP-1A engines.
- RITES: Signed an MoU with MECON to explore new business opportunities.
- Jaykay Enterprises: Enhanced corporate guarantee for step-down subsidiary Allen Reinforced Plastics to Rs. 56.27 crore from Rs. 29.22 crore.
Earnings & Updates
- Annual Premium Equivalent (APE) rose 19% to Rs. 585 crore versus Rs. 493 crore year-on-year.
- New Business Premium (NBP) grew 18% to Rs. 470 crore versus Rs. 399 crore.
- Value of New Business (VNB) increased 29% to Rs. 124 crore versus Rs. 96 crore.
- VNB margin improved to 21.1% from 19.5%.
- Expense ratio stood at 20.7% versus 19.6%.
- Embedded value rose 19.7% year-on-year to Rs. 7,382 crore.
- Solvency ratio was 198% versus 200%.
- 13-month persistency ratio improved to 85.9% from 84.0%.
- 61-month persistency ratio remained flat at 55.3%.
- Net profit rose to Rs. 50.8 crore versus Rs. 13.6 crore.
- Revenue was up 50% to Rs. 1,278 crore versus Rs. 852 crore.
- EBITDA stood at Rs. 77.8 crore versus Rs. 23.8 crore.
- EBITDA margin improved to 6.1% from 2.8%.
- The company also approved the private placement of non-convertible debentures (NCDs) worth Rs. 1,000 crore.
- Net profit rose 22.3% to Rs. 120 crore versus Rs. 97.7 crore.
- Revenue increased 20.5% to Rs. 786 crore versus Rs. 652 crore.
- EBITDA grew 27% to Rs. 118 crore versus Rs. 92.8 crore.
- EBITDA margin improved to 15.0% from 14.2%.
- Net profit fell 8.8% to Rs. 61.5 crore versus Rs. 67.4 crore.
- Revenue rose 8.1% to Rs. 572 crore versus Rs. 529 crore.
- EBITDA increased 5.8% to Rs. 93.3 crore versus Rs. 88.2 crore.
- EBITDA margin eased to 16.3% from 16.7%.
- Net profit fell 5.1% to Rs. 63.6 crore versus Rs. 67 crore.
- Revenue increased 13.2% to Rs. 958 crore versus Rs. 846 crore.
- EBITDA declined 4.8% to Rs. 100 crore versus Rs. 105 crore.
- EBITDA margin narrowed to 10.4% from 12.4%.
- Revenue fell 27.9% to Rs. 43.2 crore versus Rs. 59.9 crore.
- Net profit declined 45.9% to Rs. 8.7 crore versus Rs. 16.2 crore.
- EBITDA (calculated) stood at Rs. 13 crore versus Rs. 22 crore, down 41.8%.
- EBITDA margin (calculated) was 29.0% versus 35.9%.
- Net profit surged 68.6% to Rs. 469 crore versus Rs. 278 crore.
- Revenue rose 12.2% to Rs. 1,776 crore versus Rs. 1,583 crore.
- EBITDA increased 26.2% to Rs. 759 crore versus Rs. 601 crore.
- EBITDA margin improved to 42.7% from 38.0%.
- The company reported a one-time loss of Rs. 194 crore during the quarter.
- The company reported a net profit of Rs. 7 crore versus a loss of Rs. 34.5 crore.
- Revenue rose 49.5% to Rs. 737 crore versus Rs. 493 crore.
- EBITDA jumped 93.2% to Rs. 108 crore versus Rs. 55.8 crore.
- EBITDA margin improved to 14.6% from 11.3%.
- Net profit increased 31.6% to Rs. 125 crore versus Rs. 95 crore.
- Revenue rose 6.8% to Rs. 1,022 crore versus Rs. 957 crore.
- EBITDA grew 23.3% to Rs. 185 crore versus Rs. 150 crore.
- EBITDA margin improved to 18.1% from 15.7%.
- Net profit rose 16.1% to Rs. 13.7 crore versus Rs. 11.8 crore.
- Revenue increased 11.3% to Rs. 166 crore versus Rs. 149 crore.
- EBITDA grew 17.7% to Rs. 28.7 crore versus Rs. 24.4 crore.
- EBITDA margin improved to 17.3% from 16.4%.
- Net profit rose 17.8% to Rs. 1,111 crore versus Rs. 943 crore.
- Total income increased 21.3% to Rs. 1,486 crore versus Rs. 1,224 crore.
- Net profit rose 53.9% to Rs. 116 crore versus Rs. 75.6 crore.
- Revenue increased 17.6% to Rs. 481 crore versus Rs. 409 crore.
- EBITDA jumped 61.9% to Rs. 168 crore versus Rs. 104 crore.
- EBITDA margin improved to 34.9% from 25.4%.
- Source: Investor presentation
- Profit up 16.9% to Rs 2,600 crore Vs Rs 2,225 crore YoY
- Revenue up15.8% At Rs 24,648 crore Vs Rs 21,276 crore YoY
- EBITDA up 13.7% At Rs 5,015 crore Vs Rs 4,411 crore YoY
- EBITDA Margin At 20.3% Vs 20.7% YoY
- Grey Cement Volume up 12.2% At 41.3 Mn Tonne
- India Cements' Net Profit At Rs 52 crore In Q1
- See FY27 Capacity Addition Of 15.9 MTPA
- See FY28 Capacity Addition Of 29.8 MTPA