Nifty Consolidates Ahead of Major Earnings: What’s Moving Indian Markets
The Indian stock markets are witnessing a mixed reaction to the Q1 results of major companies, including Paytm, Zensar, Dixon Tech, and Dalmia Bharat. The Nifty index has consolidated in the 16,500-16,700 range ahead of the earnings season, which is expected to shape the market’s direction in the coming weeks.
Paytm Parent One 97 Communications Ltd.
Paytm parent One 97 Communications Ltd. has reported a profit after tax of Rs 122.5 crore in Q1 FY26, driven by AI-led operational leverage, better cost structure, and higher other income. The company’s revenue from distribution of financial services grew by 100% to Rs 561 crore, driven by an increase in merchant loans, trail revenue from DLG portfolio, and better collections. Marketing expenses were down 65% YoY, and ESOP cost was down 88%, aiding profitability.
Zensar Technologies Ltd.
Zensar Technologies Ltd. has reported a revenue growth of 1.9% to Rs 1,385 crore in Q1 FY26, with EBIT down 0.6% to Rs 188 crore. The company’s net profit grew by 3.2% to Rs 182 crore, driven by a strong performance in the US and Europe regions. The company reported a deal win of $172 million in Q1, compared to $213.5 million in Q4. Attrition for Q1 stood at 9.8%, compared to 9.9% in Q4.
Dixon Technologies Ltd.
Dixon Technologies Ltd. has reported a revenue growth of 95.1% to Rs 12,835.66 crore in Q1 FY26, with EBITDA up 95% to Rs 482.37 crore. The company’s net profit grew by 68% to Rs 224.97 crore, driven by a strong performance in the consumer electronics and home appliances segments.
Dalmia Bharat Ltd.
Dalmia Bharat Ltd. has reported a revenue growth of 0.4% to Rs 3,636 crore in Q1 FY26, with EBITDA up 32% to Rs 883 crore. The company’s net profit grew by 179% to Rs 393 crore, driven by a strong performance in the cement and sugar segments.
United Breweries Ltd.
United Breweries Ltd. has reported a revenue growth of 15.7% to Rs 2,862 crore in Q1 FY26, with EBITDA up 9% to Rs 310.52 crore. The company’s net profit grew by 6% to Rs 183.71 crore, driven by a strong performance in the beer and spirits segments.
Other Stocks
Other stocks that have reported their Q1 results include CreditAccess Grameen Ltd., JSW Infrastructure Ltd., Dixon Tech, Dalmia Bharat, United Breweries, Jana Small Finance Bank Ltd., Cyient DLM Ltd., Paytm, and KEI Industries Ltd. These stocks have witnessed a mixed reaction to their results, with some trading higher and others falling.
Conclusion
The Indian stock markets are likely to remain volatile in the coming days as investors await the Q1 earnings results of other major companies. The Nifty index is likely to consolidate in the 16,500-16,700 range until the earnings season is over. Investors should wait for the dust to settle before making any investment decisions.
Focus Keywords: Nifty today, Sensex news, Indian stock market, Q1 results
