UPL, DLF, Burger King India and Ather Energy all reported Monday, a mixed bag of turnarounds, real estate quirks and record-setting metrics. Earnings Central rounds up a busy start to the week. 4 Min Read
Dear Reader, We’re back after a week that belonged to the giants, and if you thought the weekend might offer a breather, it didn’t quite work out that way. Results kept trickling in through Saturday and Sunday, and Monday picked up exactly where things left off. Industrials, agrochemicals, real estate and the new economy all had their turn, each telling a slightly different story about how the June quarter unfolded. Industrials and agrochemicals had a quietly strong day KEI Industries led the pack , with profit jumping 40% on broad-based demand across its wires and cables business.
EBITDA climbed more than 53% as operating efficiency improved and the product mix turned more favourable, even though revenue came in a shade below Street expectations. UPL, meanwhile, delivered a steady start to FY27 .
The agrochemicals major returned to profit in what is typically a seasonally weaker quarter, with revenue broadly in line with expectations and marking its seventh consecutive quarter of growth. Management reiterated its confidence in the recovery, guiding for 7-11% revenue growth and 10-14% EBITDA growth for the year.
Even so, the June quarter offered a mixed picture, revenue growth landed at the lower end of guidance, EBITDA growth fell short of the company’s target, and profitability was partly supported by a ₹50 crore foreign exchange gain. Torrent Power’s quarter was more mixed. Higher finance costs and geopolitical disruption to LNG supplies weighed on profitability, even as its distribution and renewable energy businesses kept revenue growing, aided by the recently acquired Nabha Power asset. GE Shipping had a cleaner story to tell. Profit more than doubled on the back of a strong shipping business, and the company followed it up with an interim dividend of ₹14.40 per share.
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Kansai Nerolac’s revenue rose nearly 10% on healthy decorative and industrial demand, while profit grew 5%. Even so, the company flagged pressure from raw material costs and rupee depreciation, even as it announced a ₹601 crore investment to expand its industrial paint capacity. Realty, burgers and the new economy headed in different directions DLF’s numbers needed a second look to make sense of. Profit rose 4.1% even as revenue fell nearly 53% and EBITDA dropped almost 59%.
The company still generated ₹1,317 crore in operating cash flow during the quarter, ended June with a net cash position of ₹15,200 crore, and pointed to a healthy launch pipeline and sustained customer demand as reasons for confidence in the quarters ahead. Restaurant Brands Asia, the operator of Burger King India , had one of the day’s stronger consumer-facing updates. The company narrowed its net loss meaningfully as revenue grew nearly 18%, while EBITDA margin improved to 12.2%. Burger King India’s standalone same-store sales growth came in at 12.6%, its best performance in 15 quarters, alongside record quarterly revenue and EBITDA.
Escorts Kubota grew revenue 28% , although margins struggled to keep pace. Stripping out the one-time gain from an asset sale, underlying profit still rose a healthy 19%, pointing to resilient operating performance beneath the headline numbers. Ather Energy also had a constructive quarter , with losses narrowing sharply as revenue nearly doubled, prompting the stock to gain over 3%.
MobiKwik, meanwhile, extended its profitable run , delivering its third consecutive quarter in the black. Platform GMV touched a record high, marking the company’s 14th straight quarter of record GMV growth. A few boardroom conversations worth carrying into the week
Embassy Office Parks REIT CEO Amit Shetty said the company still expects 10% growth in distributions this year despite a softer opening quarter, citing healthy office leasing and sustained demand from global capability centres. Kirloskar Brothers Chairman and Managing Director Sanjay Kirloskar pointed to data centres in both India and the US as an important growth engine over the coming years, while reiterating the company’s target of delivering double-digit revenue growth. And Raymond Lifestyle Managing Director Satyaki Ghosh said the company’s garmenting business is expected to sustain its momentum through FY27, supported by rising orders from the UK, Europe and the US, helped by trade agreements, the broader China-plus-one shift and further scope for margin improvement. That’s Monday. Follow all the live updates on Q1 earnings and everything else moving the market here.
