Indian Stocks Mixed Q1: BEL, Escorts Surge on Orders & Sales

Indian equities presented a mixed performance in the June 2026 quarter, marked by significant operational gains for some companies while others reported sharp declines in profitability and revenue.

Key Operational Gains Drive Shares

Bharat Electronics saw its shares tick up following the securing of additional orders. These new contracts are valued at Rs 572 crore, spanning electro optics, security operation centers, and various components.

Escorts Kubota also reported positive momentum. Its Agri Machinery Business recorded a robust 22% growth in July sales, boosting investor confidence and shares.

Q1 2026 Earnings Highlights

Electric vehicle manufacturer Ather Energy demonstrated strong growth in its June 2026 quarter. The company reported an 88.79% rise in its topline and significantly narrowed its net loss.

• Ather Energy Topline: Rs 12,169.20 million
• Ather Energy Net Loss: Rs -508.70 million (from Rs -1,782.30 million year-ago)

Haldyn Glass also posted a strong June 2026 quarter. Revenue climbed over 20%, with net profit surging even higher compared to the previous year.

• Haldyn Glass Revenue: Up 20.58% to Rs 1,386.88 million
• Haldyn Glass Net Profit: Surged 130.09% to Rs 92.38 million

Panchmahal Steel transitioned from a loss to profitability in the June 2026 quarter, supported by revenue growth.

• Panchmahal Steel Profit after Tax: Rs 43.37 million
• Panchmahal Steel Revenue Growth: 7.34% to Rs 939.68 million

Significant Declines Reported

Conversely, JM Financial faced a steep decline in its June 2026 quarterly performance, with both sales and profit after tax falling sharply.

• JM Financial Sales: Plummeted 66.60% to Rs 822.60 million
• JM Financial Profit after Tax: Collapsed 98.13% to Rs 25.00 million

KCP also experienced a notable drop in net profit for the June 2026 quarter, even as its revenue saw a marginal increase.

• KCP Net Profit: Fell to Rs 4.80 million (from Rs 142.80 million)
• KCP Revenue: Increased 0.16% to Rs 3,886.70 million

Simplex Papers continued to report a net loss in the June 2026 quarter, with revenue remaining unchanged.

• Simplex Papers Net Loss: Rs -0.30 million
• Simplex Papers Revenue: Flat at Rs 0.00 million

Other Corporate Updates

In additional corporate news, Futura Polyesters announced several key developments. These included the appointment of a statutory auditor, an extension of the redemption period for preference shares, and the scheduling of an Extraordinary General Meeting.