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4 min read | Updated on July 31, 2025, 08:17 IST
SUMMARY
Stocks to Watch: Tata Steel's consolidated net profit more than doubled to ₹2,007.36 crore during the June quarter on account of "increase in net steel realisations and the planned cost takeouts" across geographies.
The GIFT NIFTY futures indicate that the NIFTY50 index will open 211 points lower. | Image: Shutterstock
Shares of the company will continue to remain in focus on Thursday, July 31, as well. The stock was in the red on Wednesday following the report around the development. The company confirmed the deal on Wednesday night.
The Tata Group entity had posted a net profit of ₹918.57 crore in the year-ago period.
The company's total income was lower at ₹53,466.79 crore in the first quarter of FY26 compared to ₹55,031.30 crore in the same period a year ago, the company said in a regulatory filing.
The company had posted a profit of ₹1,925.9 crore in the same period a year ago.
"Net profit for the quarter was at ₹1,737 crore, down 9.8% YoY," the statement said.
This will be done to strengthen the balance sheet of the NBFC.
The fund infusion will take place through preferential issue of convertible warrants to the promoter group.
“Despite a challenging operating environment marked by geopolitical tensions, airspace restrictions, and the tragic accident in the Indian aviation sector, IndiGo reported a net profit of INR 21,763 million for the quarter ended June 30, 2025,” the company said in a press release.
IndiGo's revenue from operations, however, rose 5% to ₹20,496 crore from ₹19,571 crore in the year-ago period.
The company’s revenue from operations also increased 23% year-on-year (YoY) to ₹45,436 crore as compared to ₹37,010 crore in the corresponding quarter of the previous fiscal year.
The carmaker said it has reported strong operating performance across businesses in the first quarter of FY26.
On a quarter-on-quarter (QoQ) basis, the net profit declined by nearly 30% from ₹245 crore posted in the March quarter (Q4 FY25).
The company’s revenue during the reporting period stood at ₹1,539 crore, up 12.7% as compared to ₹1,365 crore posted in the same quarter of the previous year. Sequentially, the revenue rose marginally by 0.6% from ₹1,528 crore posted in Q4 FY25.
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