🇮🇳 India Daybook: TCS, HCLTech Post Q3 Results; Biocon Launches QIP, Authum Investment Announces Bonus Issue

Indian equity markets concluded January 13, 2026, on a positive note, rebounding from a five-day losing streak, largely attributed to the commencement of the Q3 earnings season and renewed optimism surrounding potential India-US trade deals. The Nifty 50 gained 0.42% to close at 25,790.25. Several companies announced their quarterly financial performance, corporate actions, and significant business developments.

📍 EARNINGS & FINANCIAL RESULTS

• Tata Consultancy Services (TCS): The IT major reported an 11.70% quarter-on-quarter (QoQ) decline in its Q3 net profit, settling at ₹10,657 Crore. Despite this, revenue for the quarter saw a 2% increase, reaching ₹67,087 Crore, with an EBIT margin of 25.20%. The company also declared a third interim dividend of ₹11 per share and a special dividend of ₹46 per share.

• HCLTech: The company's Q3 revenue stood at ₹33,872 Crore, marking a 6% QoQ growth. However, net profit for the quarter slipped by 3.70% to ₹4,076 Crore, primarily due to a ₹956 Crore impact from new labor codes. HCLTech reported an EBIT margin of 18.60% and a constant currency revenue growth of 4.10% QoQ, alongside announcing an interim dividend of ₹12 per share.

• Adani Energy Solutions: The company maintained a robust collection efficiency of 101.75% year-on-year (y-o-y) and a system availability of 99.69%. Its transmission business reported an under-construction order book of ₹77,787 Crore, while its Mumbai distribution operation achieved a 99.998% supply reliability.

📍 CORPORATE ACTIONS

• Biocon: The pharmaceutical firm launched a Qualified Institutional Placement (QIP) aiming to raise ₹4,150 Crore. The indicative price per share for the QIP is ₹368.35, representing a 5% discount to the current market price, with the proceeds intended to fund growth initiatives.

• Authum Investment & Infrastructure Ltd: January 13, 2026, was set as the record date for its 4:1 bonus issue. Eligible shareholders are slated to receive four new equity shares for every one existing share held, with the allotment of over 67.93 crore bonus shares expected on January 14, 2026.

• Kotak Mahindra Bank Ltd: The bank announced a stock split, changing the face value of its shares from ₹5 to ₹1 per share. The record date for this action is January 14, 2026.

• Ajmera Realty & Infra India Ltd: A stock split has been announced, altering the face value from ₹10 to ₹2 per share, with January 15, 2026, as the record date.

• Best Agrolife Ltd: The company has set January 16, 2026, as the record date for both a 1:2 bonus issue and a stock split, reducing the face value from ₹10 to ₹1 per share.

• Jaro Institute of Technology Management and Research Ltd: An interim dividend of ₹2.00 per share has been declared, with the record date fixed for January 16, 2026.

• TAAL Tech Ltd: The company announced a substantial interim dividend of ₹35.00 per share.

📍 NEW ORDERS & PARTNERSHIPS

• NBCC: The company has forged a Memorandum of Understanding (MoU) with Bharat Electronics, venturing into the healthcare manufacturing and services sector. This strategic move is expected to open long-term growth opportunities in healthcare infrastructure.

• Krystal Integrated Services: The company secured three new contracts valued at ₹275 crore from the Vasai Virar City Municipal Corporation.

📍 IPO NEWS

• Amagi Media Labs: The software-as-a-service (SaaS) company's Initial Public Offering (IPO) opened for subscription on January 13, 2026, and will close on January 16, 2026. This book-build issue aims to raise ₹1,788.62 crores, with a price band between ₹343 and ₹361 per share. The tentative listing on BSE and NSE is scheduled for January 21, 2026.

• Bharat Coking Coal Limited (BCCL): The IPO for this wholly-owned subsidiary of Coal India was open for subscription, closing on January 13, 2026. It involves a pure offer for sale of 46.57 crore equity shares by promoter Coal India, with listing anticipated on January 16, 2026.

• Gabion Technologies India Ltd: The company's IPO, which closed on January 8, had its tentative listing date set for January 13, 2026. The IPO aimed to raise approximately ₹29.16 crore.

📍 OTHER BUSINESS DEVELOPMENTS

• Dixon Technologies: The company held a virtual investor meeting with UTI Pension on January 13, 2026, as part of its scheduled investor engagements for January 2026.

• Izmo: The company announced an update regarding its development of a 3D SiP Module.

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