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Q1 Results Today, 22nd July 2026: Get real-time Q1 FY27 earnings updates, profit growth, revenue numbers and management outlook from Nestle India, Eternal, Adani Green Energy, Bharat Petroleum Corporation, JSW Energy, Oracle, Dr Reddys Laboratories, Hindustan Petroleum Corporation, IndusInd Bank, NTPC Green Energy, Tata Communications, UCO Bank, HFCL, IIFL Finance and more than 40 companies announce June quarter earnings today.

Bandhan Bank shares tank 10%, trading at its lower circuit on the NSE at Rs 187.95.

It reported around 35 per cent y-o-y growth in its net profit, amounting to ₹501.67 crore for the first quarter this fiscal, backed by a 40.5 per cent reduction in provisions during the period.

Sensex fell 381.02 pts or 0.49% to 77,089.09 at 9.17 am after opening at 77,384.95 from the previous close of 77,470.11; Nifty 50 depreciated 106.75 pts or 0.44% to 24,080.95

Recommendation Accumulate; Target ₹400, Earlier Target ₹365

Environmental Clearance for its first container port at Murbe paves way for logistics solutions

Mgmt targets 60% capacity addition by Mar-27E where project progress is on track

Q1 revs were in line while margins/profits were ahead.

Decline in paid supplier base for third straight quarter was a key negative surprise.

Margin expansion was driven by lower customer acquisition costs, which should normalize once the gross addition picks up.

Continued weakness in sub adds can disrupt network effects historically enjoyed by the platform

Paying subscriber addition woes continue – reduction continued in 1Q

Product evolution critical to improve subscriber addition in medium to long term

Believe subscriber addition has to turn meaningfully positive for stock to rise significantly from here

Value Indiamart’s core business at 18x P/E and continue to assign a 1x book value to its recent investments

Upgrade given stronger execution in fees, operating expenses, and asset quality

Increase FY27-29 EPS estimates 33-37% to reflect faster disbursements growth, stronger fees, lower expenses

TP raised at an implied valuation at 1.8x FY28e BVPS

Q PAT rose 70%YoY (off low base) to Rs8.9bn vs. JEFe Rs8.7bn (10% consensus beat) due to lower provision.

AUM grew 12.7% YoY while NIMs dipped QoQ. AQ was resilient

Expect gradual improvement in AUM growth and range bound NIMs.

Tech and mgmt initiatives are improving underwriting which should reduce asset quality volatility vs. past.

Valuations seem reasonable, but near term risks to growth & AQ from weak monsoon leads us to retain Hold

Healthy asset-quality trends in a seasonally weak quarter

Only slight deterioration in GS 2+3 (of 14bp) q-q indicates healthy trends

Recommendation — Equal-weight; Target ₹370, Earlier Target ₹335

PAT was 7% ahead of estimates driven by lower operating and credit costs

Raise FY27-29 EPS by 8 each, assuming lower operating, credit costs, slightly higher NIM

Higher target reflects macro risks, historical volatility and cyclicality but scope to re-rate

1QFY27 consolidated revenue/ EBITDA 2%/3% ahead of consensus

Management expects robust domestic demand to continue in 2QFY27E

Identify two takeaways from company’s earnings call

domestic demand, in particular leisure demand, is offsetting weak international demand;

company will likely deliver above its 12-14% revenue growth guidance for FY27E

IHCL delivered a standout qtr despite war impact, with hotel Rev/EBITDA up 17-21% YoY, driven by 14% RevPAR growth, non-LFL adds & M&A rampup.

Reported Rev/EBITDA grew 15-17%, partly tempered by weakness in air catering.

Further, business diversification has helped Co mitigate macro volatility

Expect domestic tourism tailwinds to persist, aided by shift from Int’l travel, & raise FY27 RevPAR growth to 10%+ (vs 7-8% earlier) & EBITDA/PAT by 2-3%.

Recommendation — Equal-weight; Target ₹783

Standalone RevPAR was in line with expectations

Company is executing well in a challenging environment

Maintained its double-digit revenue growth guidance for FY27

Guidance cut was key focus in Bandhan’s 1QFY27 earnings call with a significant cut in FY27 RoA and growth targets.

Bandhan has cut 4QFY27 RoA guidance by 40bps to 1.2-1.4% (vs 1.6-1.8% earlier) driven primarily by external factors:

(i) 30bps RoA impact from moderation in NIM outlook (from 6.5% to 1Q level of 6.2%) on account of tighter liquidity and elevated funding costs, and

(ii) 10bps RoA impact from elevated opex especially rising technology related costs (from 4.2% to 1Q level of 4.3%).

Also, FY27 loan growth guidance was cut to lower end of the 14-15% range guided earlier with a conscious growth slowdown owing to rising AQ risk from higher energy costs and supply chain disruptions as well as uncertain monsoons.

1QFY27 PAT of INR5bn (+35% y-y, -6% q-q) beat estimate by 8%, driven by strong NII, fee income and lower credit costs.

The real story, though, is management cutting FY27F RoA guidance to 1.2-1.4% (from 1.6-1.8%), citing cost-offunds pressure & rising tech opex tied to external environment

Of 40bp cut, 30bp reflects NIM expansion that management had earlier expected over the coming quarters but no longer sees playing out, & 10bp reflects higher tech-related opex

Bank raised average SA rates by 20bp and peak TD rates by 20bp towards the end of 1Q, on intense deposit competition, so cost impact will flow through over coming quarters

This comes as a surprise given had expected funding costs to ease on RBI’s supportive measures.

Asset quality held up: credit costs at 1.8% (down slightly q-q), though gross slippages ticked up to 2.9% (vs 2.8% in 4QFY26)

Cut FY27-28F EPS by 4-7%, building in 18-24bp lower NIMs even after lowering credit cost assumptions to 1.8% (from 2%).

A decent quarter but a cautious management outlook

Reported PAT of Rs5bn vs estimate of Rs5.3bn.

While NII beat estimate by 4%, lower treasury gains and higher Opex led to a PAT miss.

Gross loan growth optically accelerated to 16% due to a low YoY base.

Asset quality was strong with the net slippage ratio declining 20bps QoQ to 1.7% (last delivered in 1QFY25).

Management cut its FY27 exit ROA target from 1.6%-1.8% earlier to 1.2%-1.4% now citing higher funding costs & a challenging external environment

While this may spook street, our estimate was lower anyway (FY28 ROA of 1.3%).

Q1 profit of Rs5bn (up 35% YoY on low base) was ahead of est with better loan growth, fees & MFI asset quality.

Still, mgt lowered exit FY27 ROA guidance to factor higher funding cost (due to tight liquidity) & opex.

While est. were below guidance & see benefits from FCNR-B inflows (not in guidance), cut estimates by +10%.

Vals at 1.2x FY27 adj PB can cushion downsides

Recommendation — Underperform; Target ₹130

Margin outlook cut; credit costs remain elevated

Margin outlook cut; credit costs remain elevated

While other auto companies benefited primarily from GST cuts and supportive domestic policies, Bajaj’s performance was driven largely by its own execution

Would also highlight Bajaj’s earnings call as a benchmark for disclosure quality.

Management was transparent on strategy, commodity inflation, production disruptions, & path from margin pressure to EBITDA recovery, providing a level of detail that remains

1QFY27 Ebitda margin of 20.9% (+9bps QoQ and 69bps ahead of estimate), despite commodity cost inflation of 4.5% QoQ

Impact of higher raw material costs was largely offset by

(1) rupee depreciation given 40% of revenue is derived from export markets,

Management aims to increase monthly export volumes to ~250k units from 2QFY27 onward.

Free cash flow generation reached INR23b in 1QFY27, doubling YoY and representing approximately 80% cash conversion of PAT.

Q1 EBITDA and PAT rose 42-45%