Q1 FY27 earnings calls.

GSFC delivered record Q1 FY27 revenue of ₹3,583 crore (up 64% YoY) driven by fertilizer sales of ₹2,947 crore (65% YoY growth, 82% volume growth to 5.26 lakh MT). However, fertilizer EBIT margin compressed sharply from 8

Gulf Oil Lubricants delivered a standout Q1 FY27 with ₹1,320 crore revenue (+33% YoY) and ₹170 crore EBITDA (+35% YoY), marking all-time highs across parameters. Volume grew 17% YoY to 48,000 KL—3x industry growth—driven

Havells India delivered resilient revenue growth in Q1 FY27 despite inflationary pressures and West Asia-related disruptions. The company implemented calibrated price hikes (5-20% range, averaging 7-8%) across categories

HCL Technologies delivered a mixed Q1 FY27 performance with flat sequential revenue but 2.6% YoY growth in constant currency at $3,650 million. The 16.9% operating margin expanded 39bps QoQ and 56bps YoY, though excludin

HDB Financial Services delivered a standout Q1 FY27 with PAT of ₹785 crore, up 38.3% YoY, marking its highest-ever quarterly profit. Disbursements grew 16.2% YoY to ₹17,629 crore while the gross loan book expanded 11.3%

HDFC AMC delivered a solid Q1 FY27 with QAAUM of ₹9.35 trillion (up 13% YoY) and PAT of ₹840 crore (up 12% YoY), driven by robust equity-oriented flows amid market volatility. Equity inflows of ₹1,272 billion for the ind

HDFC Bank reported Q1 FY27 results navigating a challenging environment with deposit cost pressures and intense competition. Management acknowledged the deposit mix shift toward wholesale and time deposits, with CASA dec

HDFC Life delivered a steady Q1 FY27 with 7% individual AP growth and 9% overall AP growth, ahead of industry. PAT grew 12% YoY to Rs 611 crore, supported by strong renewal collections (+19%) and AUM crossing Rs 4 trilli

Hero MotoCorp delivered a standout Q1 FY27 with 23% volume growth and 36% revenue growth, driven by favorable mix shift (+8%) towards scooters, premium variants, and global business, alongside calibrated price increases.

Highway Infrastructure Limited reported Q1 FY27 total income of 34.3 crore with robust 170.6% YoY growth, though this reflects a low base. EBITDA stood at 4.8 crore with PAT of 1.1 crore, indicating compressed margins im

Hindalco delivered an exceptional Q1 FY27 with consolidated EBITDA up 58% YoY to ₹13,481 crore and PAT up 75% to ₹7,031 crore, driven by record performance across all segments. India upstream aluminium EBITDA reached an

Hindoilexp's Q1 FY27 results reflect a mixed quarter with revenue recovery to 117.5 crores standalone following the HPCL reversal impact in Q4, but profitability compressed due to inventory adjustments and stock variatio

Hindustan Zinc delivered record Q1 FY27 results with ₹13,747 crore revenue (+77% YoY) and ₹5,469 crore net profit (+145% YoY), driven by highest-ever quarterly metal production of 268,000 tonnes zinc and 260,000 tonnes r

HUDCO delivered a strong Q1 FY27 with robust sanctions growth driven by strategic MoUs with Gujarat (~₹1 lakh crore) and Bihar (~₹1 lakh crore) for large infrastructure projects including metro systems, satellite towns,

HPCL reported a severely impacted Q1 FY27 with PAT turning negative due to unprecedented crude price volatility (dropping $25 in two weeks), inventory write-downs exceeding Rs 5,000 crore, and significant under-recoverie

HPL Electric delivered a strong Q1 FY27 with revenue from operations at ₹515 crore (up 35% YoY), the highest-ever Q1 revenue, driven by robust Consumer & Industrial segment growth of 55% YoY to ₹278 crore. However, EBITD

HUL delivered a strong Q1 FY27 with 10% USG (highest in 13 quarters) driven equally by 5% volume and 5% price growth, on revenue of ₹17,184 crore. EBITDA grew 8% to ₹3,947 crore with 23% margin (within guidance), while a

ICICI Bank delivered a 15.9% PAT growth to ₹14,805 crore in Q1 FY27, driven by 19.6% YoY loan growth and stable NIMs at 4.36%. The bank posted NII of ₹24,384 crore (12.7% YoY) and core operating profit of ₹20,235 crore (

ICICI Lombard reported Q1 FY27 GDP growth of 7.5% to ₹8,318 crore, underperforming industry growth of 10.9%, primarily due to a disciplined approach in commercial lines (degrowth of 8.8%). PAT declined 46% YoY to ₹403 cr

ICICI Prudential AMC reported a solid Q1 FY27 with operating revenue of ₹1,564 crore (+17.6% YoY) and PAT of ₹965 crore (+23.1% YoY), driven by robust equity market recovery and strong net flows exceeding ₹1 lakh crore i

ICICI Prudential Life delivered a strong Q1 FY27 with VNB growing 24.9% YoY to ₹571 crore and PAT up 27.8% to ₹386 crore. The VNB margin expanded 200bps to 26.7% driven by favorable product mix shift toward protection an

Indian Bank delivered a strong Q1 FY27 with net profit of ₹3,273 crore (+10.1% YoY) and operating profit of ₹5,557 crore (+16.5% YoY). NII grew 17% YoY, driven by balanced loan growth of 13.9% and deposit growth of 13.4%

IMFA delivered a record Q1 FY27 with the highest-ever revenue and profitability, driven by 80,000 tonnes production (up from ~65,000 tonne quarterly average) and ferrochrome prices near ₹1.2 lakh per tonne. The KR2 acqui

Indian Oil reported a net loss of Rs 2,661 crore for Q1 FY27 versus a PAT of Rs 5,689 crore in Q1 FY26, driven by geopolitical tensions causing crude prices to spike ~21% QoQ to $100.74/bbl (Indian basket). Revenue from

Infosys reported Q1 FY27 results with $5.08 billion in revenue (2.4% YoY CC growth), below expectations due to a EURS client program termination (~50bps impact), softer volumes, and weaker pricing amid heightened competi

JSW Steel delivered a solid Q1 FY27 with consolidated revenue of ₹47,364 crore and EBITDA of ₹9,373 crore (20% margin), alongside PAT of ₹4,696 crore. Production grew 3% YoY to 6.59 million tons, with flat sales surging

Kotak Mahindra Bank delivered a strong Q1 FY27 with consolidated PAT of ₹5,480 crore (+23% YoY), driven by robust performance across subsidiaries (33% contribution) and the standalone bank's ₹4,123 crore PAT (+26% YoY).

LTM Limited delivered a solid Q1 FY27 with revenue of ₹11,608 crore (USD 1.22 billion), growing 18% YoY in INR terms and 6.4% YoY in constant currency. EBIT margins expanded 120bps YoY to 15.5%, driven by operational eff

Muthoot Finance delivered strong AUM growth of 43% YoY to ₹1.91 lakh crore in Q1 FY27, driven by robust gold loan demand and 86 new branch additions. Consolidated PAT surged 43% to ₹2,825 crore, though the 300bps QoQ yie

Punjab National Bank delivered a strong Q1 FY27 with balanced growth across all key parameters. Advances grew 12.7% YoY to ₹12.73 lakh crore, with core advances (excluding IBPC) accelerating at 15.4% YoY, driven by robus

Reliance delivered exceptional Q1 FY27 results amid extraordinary macro volatility, with consolidated EBITDA exceeding ₹54,000 crore (+10% YoY) and PAT at ₹23,200 crore (+6% YoY). The topline grew 25% driven by strong O2

RD Industries reported Q1 FY27 revenue of ₹338.88 crore (+35.2% YoY), driven by volume growth to 17,645 MT despite geopolitical disruptions affecting raw material procurement. EBITDA declined to ₹33.88 crore with 10% mar

Tata Capital delivered a strong Q1 FY27 with consolidated PAT of Rs 1,547 crore, up 56% YoY, driven by robust AUM growth of 22% YoY to Rs 2.91 lakh crore. The company achieved this while maintaining best-in-class asset q

Tata Motors delivered a robust Q1 FY27 with 26% volume growth and 23% revenue growth to Rs 19,300 crore on standalone basis. EBITDA margin compressed 60bps to 11.7% due to commodity inflation (steel, aluminum, copper) bu

Tata Power delivered a strong Q1 FY27 with management highlighting 27 consecutive quarters of PAT growth, driven by robust demand (8.5% YoY increase in Q1) and operational excellence across segments. The renewable cluste

Tata Steel delivered a resilient Q1 FY27 with consolidated revenue of ₹60,794 crore and EBITDA of ₹9,370 crore (15% margin). India operations drove performance with 27% EBITDA margin and ₹9,900 crore EBITDA (+32% YoY), o

TCS reported Q1 FY27 revenue of 72,275 crores (USD 7,624 million), growing 13.9% YoY in rupee terms but only 2.7% in USD with flat sequential growth. Operating margin compressed 130bps sequentially to 24%, impacted by an

Tech Mahindra delivered a strong Q1 FY27 with revenue of USD 1.66B (+6.1% YoY, +2.2% QoQ) and operating margins at 14.4%, marking 11 consecutive quarters of margin expansion and the strongest revenue growth since the tra

Titan delivered a strong Q1 FY27 with all-round growth across jewelry, watches, and subsidiaries, despite an unfavorable operating environment marked by gold price volatility and geopolitical uncertainty. The jewelry seg

TVS Motor delivered its highest-ever Q1 FY27 results with 28% volume growth to 1.63 million units and 38% revenue growth to ₹13,896 crore, driven by strong domestic ICE growth (21% vs 13% industry), 86% EV surge to 130,0

Vedanta delivered an exceptional Q1 FY27—the maiden quarter post-demerger—with consolidated revenue of ₹23,456 crore (+51% YoY) and EBITDA nearly doubling to ₹8,469 crore (+98% YoY) at a 57% margin (+985bps). PAT surged

Wipro reported Q1 FY27 IT services revenue of $2.61 billion, flat-to-down sequentially (-1.2%) but up 0.9% YoY in constant currency, with operating margins at 16% (down 120bps YoY). Net income was INR 33.6 billion (+6% Y