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The markets are expected to open marginally lower today as trends in GIFT Nifty indicate a negative start for the broader index after Nifty closed 21 points higher at 24,857 on Tuesday.

Adani Energy Solutions:

The company announced that GQG Partners and Qatar Investment Authority invested up to $1 billion in its India fund raise.

Exide Industries:

The company invested a total of INR 2,577.24 crore in its wholly owned subsidiary, Exide Energy Solutions Limited, including INR 200 crore in Q1 and INR 75 crore in July 2024.

Force Motors:

The company reported Q1 EBITDA of INR 2.5B, up 38.9% YoY, with an EBITDA margin of 13.22% (YoY 12.14%) and Q1 revenue of INR 18.8B, up 26.2% YoY, while Q1 consolidated net profit was INR 1.16B, up 69.2% YoY.

GAIL (India):

The company reported Q1 EBITDA of INR 45.3 billion, up 27.1% QoQ from INR 35.6 billion, with Q1 EBITDA margin at 13.44%, up from 11.00% QoQ. Q1 revenue increased 4.3% QoQ to INR 336.9 billion from INR 323 billion, while Q1 SL net profit rose 24.8% QoQ to INR 27.2 billion from INR 21.8 billion.

Indus Towers:

The company reported Q1 EBITDA of INR 45.7B, up 27.6% YoY, Q1 EBITDA margin at 61.92%, up from 50.61% YoY, Q1 revenue at INR 73.8B, up 4.3% YoY, Q1 consolidated net profit at INR 19.25B, up 42.8% YoY and 4.1% QoQ, and approved a share buyback worth INR 26.4B at INR 465 per share.

IOC:

The company has received Stage-1 approval for the construction of a greenfield terminal at Bihta, Patna, Bihar, on BKPL and PMBPL, with an estimated cost of INR 1,698.67 crore.

Jindal Stainless:

The company approved raising of funds up to INR 50 billion.

Johnson Controls - Hitachi Air Conditioning India:

The company reported Q1 EBITDA profit of INR 565.7 million compared to a loss of INR 359.8 million YoY, with Q1 revenue at INR 9.96 billion versus INR 5.67 billion YoY, and Q1 net profit of INR 361.5 million compared to a loss of INR 410 million YoY.

Mahindra and Mahindra Financial:

The company will issue NCDs on a private placement basis to raise funds worth up to INR 2.5 billion.

South Indian Bank:

The company approved raising funds up to INR 7.5B through borrowing / raising in Indian or equivalent foreign currency.

Spandana Sphoorty Financial:

The company approved raising funds up to INR 150 crore via NCDs at a premium of INR 244.80.

Stanley Lifestyles:

The company will increase the price of its products across all formats by 5.60%.

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