Indian equity markets extended their decline on Thursday, August 13, with the Nifty 50 settling at 24,395.85, down 40.10 points, or 0.16%, as persistent Middle East tensions and a firmer US dollar outweighed optimism from softer US inflation data, leaving investors cautious despite improving global risk sentiment.
From a technical perspective, the Nifty’s immediate resistance is placed in the 24,400-24,500 zone, with a sustained close above 24,600 needed to improve the near-term structure. On the downside, 24,300-24,250 remains the key support zone.
A decisive close below 24,250 could reinforce the bearish bias and drag the index towards the 24,000 psychological mark, said Ponmudi R, CEO of Enrich Money.
Against this backdrop, shares of Indigo Paints, LG Electronics India, Ashok Leyland, Physicswallah, Aditya Birla Real Estate and several other companies will be in focus in Friday's trade following corporate developments and first-quarter earnings.
Indigo Paints
The company reported a 60% year-on-year increase in consolidated net profit for the quarter ended June 30. Consolidated net profit rose to Rs 41.7 crore in the first quarter of FY27 from Rs 26.1 crore a year earlier. Revenue from operations increased 19.7% to Rs 369.7 crore from Rs 308.9 crore. Earnings before interest, taxes, depreciation and amortisation, excluding other income, rose 40% to Rs 62 crore from Rs 44.3 crore.
LG Electronics India
Household appliances maker LG Electronics India reported profit after tax of Rs 653 crore for the first quarter of FY27, compared with Rs 513 crore in the same quarter of the previous fiscal year. Revenue from operations for the quarter stood at Rs 7,233 crore, up 15.5% year-on-year from Rs 6,262 crore in Q1FY26. EBITDA increased 1.88% year-on-year to Rs 904 crore in Q1FY27 from Rs 716 crore in the year-ago quarter.
Tata Motors Passenger Vehicles
Tata Motors PV reported consolidated net profit of Rs 775 crore for the April-June quarter of FY27, marking more than an 80% year-on-year decline from Rs 3,924 crore reported in the same period last year.
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Honasa Consumer
Beauty and personal care company Honasa Consumer, the parent of Mamaearth, reported its highest-ever consolidated profit after tax of Rs 90 crore in Q1FY27.
The company's PAT jumped 116.5% year-on-year from Rs 41 crore in the year-ago period. PAT margin stood at 11% in Q1FY27 against 6.9% reported in Q1FY26, according to the company's exchange filing.
Premier Explosives
Explosives maker Premier Explosives reported an 80.1% year-on-year decline in net profit to Rs 3.1 crore in Q1FY27 from Rs 15.3 crore, while revenue declined 27.8% to Rs 102.6 crore from Rs 142.1 crore. EBITDA fell 71.9% to Rs 5.86 crore from Rs 20.87 crore, with the EBITDA margin at 5.71% compared with 14.68% a year earlier.
Welspun Living
Textile manufacturer Welspun Living reported an 84% year-on-year rise in net profit to Rs 160.7 crore in Q1FY27 from Rs 87.5 crore, while revenue increased 23.7% to Rs 2,795.4 crore from Rs 2,260.5 crore. EBITDA rose 42.4% to Rs 321.1 crore from Rs 225.4 crore, with the EBITDA margin improving to 12% from 10%.
KRBL
KRBL reported a 73.16% year-on-year rise in net profit to Rs 260.74 crore from Rs 150.58 crore, while revenue declined 5.6% to Rs 1,496 crore from Rs 1,585 crore. EBITDA increased 59.7% to Rs 307.58 crore from Rs 192.65 crore, with the EBITDA margin rising to 20.56% from 12.16%.
Aditya Birla Real Estate
Birla Estates Pvt. Ltd., a wholly owned subsidiary of Aditya Birla Real Estate and part of the Aditya Birla Group, announced its entry into the Navi Mumbai market with the redevelopment of Shiv Sai Co-operative Housing Society in Vashi.
The project is being undertaken jointly with an affiliate of Priyanka Group, a developer in Navi Mumbai. The project carries a total revenue potential of approximately Rs 2,600 crore.
Samvardhana Motherson International
Samvardhana Motherson International has issued a corporate guarantee in favour of Axis Bank for a credit facility availed by its subsidiary, Motherson Electronic Components.
Ashoka Buildcon
Ashoka Buildcon informed that the company had submitted a bid for a project to REC Power Development and Consultancy Limited.
Q1 results
Ashok Leyland, Physicswallah, Bharat Dynamics, Cochin Shipyard, NMDC, Alkem Laboratories and PTC Industries are among the companies set to release their Q1FY27 results on Friday.
