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India’s Corporate Titans Post Mixed Q1 Profit Gains and Losses

Robust order books alongside fresh bond approvals are driving capacity expansions even with margin pressures in key sectors.

Q1 Results Today
Tata Steel Q1 Results

Overview

  • Adani Green’s net profit jumped 60% to Rs 713 crore, supported by a 42% rise in energy sales after adding significant renewable capacity.
  • Larsen & Toubro posted a 30% profit increase to Rs 3,617 crore and secured record Q1 orders of Rs 94,453 crore, boosting its order book to Rs 6.12 lakh crore.
  • Tata Steel’s net profit surged 116% to Rs 2,078 crore while revenue held near Rs 53,178 crore, and the firm approved a stake investment in a solar power subsidiary.
  • Power Grid’s profit dipped 2.5% to Rs 3,630 crore even as revenue grew 1.7%, and its board greenlit up to Rs 30,000 crore in bond issuances for capital spending.
  • Hyundai Motor India’s profit fell 7.7% to Rs 1,335.7 crore, contrasting with Hitachi Energy’s 1,163% profit surge to Rs 131.6 crore and Birla Corp’s nearly four-fold profit rise to Rs 119.6 crore.