🇮🇳 India Daybook: HCL Tech Q1 Profit Rises, Aditya Birla Bags ₹17,200 Cr Energy Deal

📍 EARNINGS

• HCL Technologies: The IT major reported a 3% QoQ rise in Q1 net profit to ₹4,624 crore. Revenue grew 1.8% to ₹34,579 crore, while EBIT margins improved to 16.9% against 16.5% in the previous quarter. The company maintained its FY27 revenue guidance of 1% to 4%.
• ICICI Prudential AMC: Reported a robust 25.5% QoQ jump in net profit to ₹965 crore for the first quarter. Total mutual fund QAAUM rose to ₹11.17 lakh crore.
• Nuvoco Vistas: Consolidated net profit surged 20% YoY to ₹160 crore, supported by revenue growth of 8.9% reaching ₹3,129 crore.
• Avenue Supermarts (DMart): Reported Q1 revenue of ₹188 billion, largely in line with estimates, though statutory EPS of ₹13.20 slightly missed analyst expectations.
• Tata Elxsi & L&T Technology Services: Both companies are scheduled to report their Q1 financial results today, July 14.

📍 ORDER WIN

• Bharat Electronics (BEL): The defense PSU has secured new orders worth ₹572 crore for various equipment and services.
• Vikran Engineering: The company bagged a significant project worth ₹3,500 crore, focusing on data center infrastructure expansion.
• PDS Limited: Signed a multi-year sourcing partnership with a leading French retailer to manage an annual volume of over US$250 million starting November 1.

📍 ACQUISITION

• Aditya Birla Group: Through its subsidiary Aditya Birla Renewables (a unit of Grasim), the group has agreed to acquire Shell’s Sprng Energy for ₹17,200 crore ($1.8 billion). The deal adds 5 GW of renewable capacity to their portfolio.
• Emcure Pharmaceuticals: Acquired the remaining 12.05% stake in its subsidiary Gennova Biopharmaceuticals for ₹231.87 crore.

📍 IPO & LISTING

• SBI Funds Management: The mega ₹9,813 crore IPO opens for public subscription today, July 14. The company raised ₹2,663 crore from anchor investors yesterday.
• Alpine Texworld: The IPO of the textile manufacturer opens today with a price band of ₹100 - ₹105 per share, aiming to raise ₹1,262 crore.

📍 USFDA & PHARMA

• Piramal Pharma: Received an Establishment Inspection Report (EIR) from the USFDA for its Sellersville (USA) facility, marking the successful closure of the inspection conducted in May 2026.
• Concord Biotech: Shares are in focus after receiving USFDA approval for Tofacitinib Tablets (5 mg and 10 mg), used for treating rheumatoid arthritis.

📍 CORPORATE ACTIONS

• Goodluck India: The board has recommended the issuance of bonus shares to existing shareholders.
• Pondy Oxides and Chemicals: Fixed July 21, 2026, as the record date for its stock split (face value ₹5 to ₹2).
• Poonawalla Fincorp: Approved the issuance of secured NCDs worth ₹500 crore.

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