Tickertape - Financial freedom begins here

EBITDA dropped by 26% YoY to Rs 186.7 crore in the first quarter. EBITDA margin for Q1 FY26 was 20.9% as against 27.2% in Q1 FY25. Profit before tax in Q1 FY26 stood at Rs 196.3 crore, down by 22.2% from Rs 252.4 crore in Q1 FY25. In Q1 FY26, Tata Elxsi won a multi-million USD Design Digital deal with a US headquartered global technology leader for a major data and insights program for next generation AI and product-feature development. The company was also selected as a strategic partner for medical device testing & certification and regulatory compliance for a cardiovascular portfolio of products. Manoj Raghavan, CEO and Managing Director, Tata Elxsi, said: 'This quarter was challenging across key markets, with macroeconomic uncertainties, industry and customer specific issues impacting R&D spend and decision making cycles across geographies. The company has demonstrated resiliency in protecting business in our largest vertical, executing on large deal wins across key verticals to create sustained revenue streams, and expanding our relationships with our customers. We expect steady improvement in bottom-line and margin through the year even as our two largest businesses, transportation and media & communication, return to growth in Q2 FY26 and beyond, and utilization improves on the back of ready capacity and capability we have invested in over the past few quarters. Tata Elxsi is amongst the world's leading providers of design and technology services across industries including automotive, broadcast, communications, healthcare and transportation. Powered by Capital Market - Live

According to an exchange filing, the company stated that this MoU marked LRDL's strategic entry into the fast-growing warehousing and logistics infrastructure sector, leveraging a prime approximately 99-acre land parcel in the Taloja, Navi Mumbai region, with an additional potential of around 32 acres for aggregation. It further informed that LRDL would acquire a 51% equity stake in CLPL for Rs 60 crore and would extend up to Rs 242 crore as structured secured debt to CLPL for contiguous land aggregation and regulatory approvals. The land parcel was envisioned to be developed into a world-class logistics and warehousing hub, with possibilities for industrial or data centre use, enabling strong value creation through eventual sale or lease to end-users. It noted that Taloja was a well-developed industrial hub located about 40 km from central Mumbai and was already home to several major industries. The company added that the entire land aggregation was expected to be completed within nine months following the definitive agreements, and the subsequent sale or lease of developed plots was targeted within approximately 24 months post-aggregation. It also highlighted that the project had the potential to become a substantial revenue generator for LRDL, with an estimated total revenue potential exceeding Rs 1,250 crore over approximately three to four years, depending on final land use and market absorption. Lloyds Enterprises mentioned that this initiative aligned with its strategic vision to diversify and enhance value for its shareholders by venturing into high-potential real asset classes, complementing its existing investments in engineering, metals, and related sectors. Finally, the company noted that the transaction remained subject to the completion of definitive agreements, detailed due diligence, and necessary regulatory compliances within the next 60 days. Lloyds Enterprises is a member of the Lloyds Group, which includes Lloyds Metals and Energy, Lloyds Luxuries, Lloyds Realty Developers and Lloyds Engineering Works. Its business operations encompass importing, exporting, and dealing in iron and steel, alloy steel scrap, steel tubes, pipes, and wires. The company's consolidated net profit declined 55% to Rs 9.43 crore in Q4 FY25 as compared with Rs 20.97 crore in Q4 FY24. Revenue from operations surged 46.6% to Rs 489.32 crore in Q4 FY25 as compared with Rs 333.70 crore posted in Q4 FY24. The counter slipped 2.46% to Rs 90.71 on the BSE. Powered by Capital Market - Live

The headline equity indices traded with major losses in the afternoon trade. Pharma, FMCG shares advanced while IT, auto and media shares declined. The Nifty slipped below the 25,150 mark. At 13:28 IST, the barometer index, the S&P BSE Sensex tanked 663.05 points or 0.80% to 83,516.15. The Nifty 50 index declined 199.85 points or 0.79% to 25,156.20. In the broader market, the S&P BSE Mid-Cap index shed 0.75% and the S&P BSE Small-Cap index declined 0.55%. The market breadth was negative. On the BSE, 1,437 shares rose and 2,397 shares fell. A total of 195 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 1.82% to 11.89. Gainers & Losers: Hindustan Unilever (up 4.45%), Sbi Life Insurance Company (up 1.04%), Axis Bank (up 0.54%), Nestle India (up 0.53%) and Eternal (up 0.49%) were the major Nifty50 gainers. Tata Consultancy Services (down 3.25%), Apollo Tyres (down 2.40%), Mahindra and Mahindra (down 2.33%), Bajaj Auto (down 2.27%) and Wipro (down 2.24%) were the major Nifty50 Losers. Hindustan Unilever (HUL) surged 4.45% after the FMCG major announced the appointment of Priya Nair as its next chief executive officer and managing director, effective 1 August 2025. Tata Consultancy Services (TCS) declined 3.25% following a drop in total contract value (TCV), elevated attrition rate and cautious management commentary in Q1 FY26. Stocks in Spotlight: Glenmark Pharmaceuticals hit an upper limit of 10% after its subsidiary Ichnos Glenmark Innovation (IGI) unveiled a global commercialization strategy for its lead investigational oncology asset, ISB 2001. Indian Renewable Energy Development Agency (IREDA) declined 5.26% after the company's consolidated net profit declined 35.7% to Rs 246.88 crore despite a 29.7% increase in total income to Rs 1,959.84 crore in Q1 FY26 over Q1 FY25. Anand Rathi Wealth rose 4.27% after the company reported a 27.8% jump in consolidated net profit to Rs 93.62 crore on 15.8% increase in total income to Rs 284.26 crore in Q1 FY26 over Q1 FY25. Global Markets: European markets opened lower on Friday after data revealed that the U.K. economy unexpectedly contracted again in May, unable to recover from the impact of U.S. tariffs and ongoing business uncertainty. According to data from the Office for National Statistics, U.K. gross domestic product (GDP) fell by 0.1% in May on a monthly basis, following a 0.3% contraction in April, the largest decline since October 2023. Asian stocks traded higher on Friday after U.S. President Donald Trump announced 35% tariffs on Canada starting Aug 1. The new duties will be in addition to Trump's recent sectoral tariffs. Trump attributed fentanyl and Canada's retaliatory tariffs as reasons for the rate. The 35% duty might be increased if Canada continues to retaliate, Trump said. Trump also told reporters Thursday that his administration is preparing to impose blanket tariffs of 15% to 20% on a broader set of trade partners, adding another layer of uncertainty to global trade dynamics. Despite the rising geopolitical tension, Wall Street closed higher overnight, with the S&P 500 and Nasdaq setting fresh record highs. The S&P 500 gained 0.27%, the Nasdaq edged up 0.09%, and the Dow Jones Industrial Average rose 0.43%, lifted largely by strong performance in chip stocks. Semiconductor stocks rallied 1% after Taiwan Semiconductor Manufacturing Co. (TSMC) reported a robust 40% jump in Q2 sales, beating expectations and reinforcing optimism around AI-led demand. Advanced Micro Devices also gained momentum following an upgrade to buy by a broker, while Nvidia extended its rally a day after breaching the $4 trillion market cap mark for the first time. Powered by Capital Market - Live