- Jindal Steel reported a net profit decline of 71.9% to ₹1,278 crore compared to ₹4,541 crore in the previous year.
- Bank of Baroda saw its Net Interest Income (NII) rise by 12.6% to ₹6,833 crore from ₹6,068 crore year-on-year.
- The Q1 FY27 earnings schedule includes major firms like NTPC, SBI Life, and Hindustan Zinc posting results on July 24.
- A total of 80 companies are expected to report their Q1 FY27 earnings on July 24, 2026.
- Bank of Baroda is among the firms reporting earnings, with a focus on its net profit and gross NPA improvements.
Indian companies are experiencing a mixed bag of Q1 earnings for FY27, with notable discrepancies across sectors.
Jindal Steel reported a staggering 71.9% decline in net profit, falling to ₹1,278 crore from ₹4,541 crore in the previous year. This decline is attributed to a 4.5% drop in revenue, which fell to ₹15,482 crore from ₹16,218 crore.15
In contrast, Bank of Baroda saw a positive trend, with its net interest income (NII) increasing by 9.5% to ₹12,526 crore, up from ₹11,435 crore year-on-year. The bank's gross non-performing assets (NPA) improved to 1.81% from 1.98% quarter-on-quarter, indicating a strengthening balance sheet.2
Other companies are also reporting varied results. For instance, Shriram Finance's net profit surged by 59.7% to ₹3,444.56 crore, while Hindustan Zinc's profit soared to ₹5,425 crore, a significant increase from ₹2,204 crore in Q1FY26.3
As earnings continue to trickle in, a total of around 80 companies are expected to report their Q1 results, including major players like Tata Steel, Hindustan Unilever, and Adani Enterprises, among others.4
“Tata Consumer Products reported consolidated PAT of ₹444.86 crore, up 28.4% year-on-year, while ACC's standalone PAT declined 61.5% to ₹148 crore. Separately, SBI Life Insurance posted a 22% rise in PAT to ₹724.93 crore, and Shriram Finance's net profit jumped 60% to ₹3,444.56 crore.”
