Astral Ltd.ASTRAL₹1,283.40 -7.11%

Gross Revenue ₹1,361 crores 🔻 2%

PAT ₹792 crores 🔻 34%

Astral Ltd.‘s Q1FY26 was impacted by weak polymer demand and PVC price volatility, which hurt realizations. The key strategic move was its planned backward integration into CPVC resin manufacturing, aimed at reducing raw material dependency and improving cost efficiency.

Bathware, adhesives, and paints segments in India posted healthy growth, while capacity expansion in plumbing and the acquisition of Al-Aziz Plastics strengthened its manufacturing base. With polymer prices stabilizing from July, both the piping and India adhesives divisions recorded over 30% YoY growth, indicating improving demand momentum for Q2.

SJVN Ltd.SJVN₹98.12 +5.49%

Revenue from Operations ₹917 crores 🔼 5%

PAT ₹228 crores 🔻 36%

SJVN Ltd. reported a 5% year-on-year rise in revenue to ₹917 crore in Q1FY26, aided by higher renewable energy generation and the partial commissioning of the 1,000 MW Bikaner Solar Power Project. However, PAT fell 36% to ₹228 crore, impacted by lower hydro realizations due to provisional tariffs, inventory effects from price movements, and higher costs in the initial phase of new capacity ramp-up.

Ipca Laboratories Ltd.IPCALAB₹1,382.80 +3.45%

Revenue ₹2,309 crores 🔼 10%

PAT ₹233 crores 🔼 21%

Ipca Laboratories Ltd. posted strong growth in Q1FY26, with double-digit gains in both domestic and export markets. Indian formulations rose on the back of steady branded sales, while exports saw robust momentum, particularly in APIs, which benefited from higher volumes and improved realizations.

Operational efficiency was evident in the expansion of standalone EBITDA margins, supported by higher export contribution and disciplined cost management. Consolidated profitability also improved, aided by better product mix and sustained demand across key markets, despite a marginal dip in consolidated EBITDA margin due to subsidiary performance.

BEML Ltd.BEML₹3,941.80 -0.30%

Revenue ₹643 crores 

Loss ₹64 crores (down from a loss of ₹70 crores)

BEML Ltd. ended Q1 FY26 with a strong order book of ₹14,429 crore, providing healthy revenue visibility, with approximately ₹3,982 crore executable in the current year. Further strengthening its pipeline, the company has secured an order worth approximately ₹1,888 crore from the Integral Coach Factory for the manufacture, supply, testing, and commissioning of fully functional LHB coaches. The quarter saw revenue growth from operations remain mostly flat at around ₹634 crore, supported by strong execution across the defence, rail, and mining segments.

Inventory levels remained steady, indicating a balanced production pipeline, while trade receivables and net working capital positions were maintained at healthy levels. The robust pipeline of long-cycle orders positions the company well for sustained execution in the coming quarters, particularly with the majority of orders set for delivery in subsequent years.

JM Financial Ltd.JMFINANCIL₹162.00 +1.26%

Net Revenue ₹779 crores 🔼 22%

PAT ₹454 crores 🔼 166%

JM Financial Ltd. delivered its highest-ever quarterly operating PAT in Q1FY26, driven by strong momentum across all core business segments. Corporate Advisory and Capital Markets retained the #1 spot in equity capital markets, supported by a robust transaction pipeline and deep client engagement. Wealth and Asset Management benefited from higher recurring AUM, branch network expansion, and strong mutual fund inflows, while Affordable Home Loans posted healthy loan growth and wider geographic penetration.

Private Markets saw a sharp improvement in profitability on the back of significant reductions in the non-core loan book, strong recoveries, and full ownership of JM Financial Credit Solutions.

Note: The stock prices mentioned are as of 12:40 pm.

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