🇮🇳 India Daybook: Bharti Airtel & Tata Motors Q4 Results Today; HG Infra Bags ₹3,931 Cr Order

📍 EARNINGS TODAY

• Bharti Airtel: The telecom major will report its Q4 results today. Analysts expect revenue between ₹54,000 crore and ₹56,000 crore, with a potential 30-33% YoY decline in net profit due to one-time items, despite strong ARPU growth.
• Tata Motors: The company is scheduled to announce its Q4 and full-year FY26 results. Investors are focusing on JLR margins and the potential recommendation of a final dividend.
• Cipla: The pharmaceutical giant is expected to report a 42% YoY drop in net profit to approximately ₹700 crore, primarily impacted by headwinds in the US market and the absence of high-margin product contributions.
• Other Key Earnings: TVS Motor Company, DLF, HPCL, Kaynes Technology, LIC Housing Finance, and NLC India are also slated to release their quarterly numbers.

📍 QUARTERLY RESULTS

• Dixon Technologies: Reported a 36% decline in Q4 consolidated net profit to ₹256 crore, compared to ₹401 crore in the same period last year. Revenue saw a marginal growth of 2% to ₹10,511 crore.
• Dr. Reddy's Laboratories: Reported a sharp 86% YoY fall in Q4 profit to ₹221 crore. The board has recommended a dividend of ₹8 per share.
• Nestle India: Reported a strong Q4 with profits rising 26% to ₹1,114 crore, driven by a 23% jump in revenue and improved EBITDA margins.

📍 ORDER WIN

• HG Infra Engineering: Secured a significant Letter of Award (LoA) worth ₹3,931.11 crore from Welspun Enterprises. The project involves the construction of a 6-lane highway corridor from Pune to Shirur in Maharashtra on an item-rate basis.

📍 DIVESTMENT

• Foseco India: The Board has approved the sale of a 1.77% stake in its subsidiary, Foseco Crucible (India) Limited (FCIL), for approximately ₹1,347.5 crore. The divestment is intended to meet minimum public shareholding norms.

📍 STRATEGIC MOVE

• NTPC: The power giant is preparing to submit its first feasibility study for a standalone nuclear project to the Department of Atomic Energy (DAE), aiming for 2 GW of nuclear capacity by 2032.
• REC Limited: The company’s consulting arm plans to enter the carbon markets business as an accredited verification agency, empanelling agencies for the upcoming Indian carbon market.

📍 INDEX CHANGES

• Recode Studios Limited: The stock will be added to the BSE SME IPO Index effective from the market open on May 13, 2026.

📍 CORPORATE ACTIONS

• Raymond Realty: Received in-principle approval from BSE and NSE for the allotment and listing of over 13.8 lakh equity shares under its ESOP 2025 plan.
• NRB Bearing: The stock will be in focus as today is the record date for its interim dividend of ₹2.25 per share.

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