Executive Summary
The 25 filings from BSE SENSEX 30 constituents for July 28, 2026, reveal a market in transition, with a clear divergence between robust order book growth and near-term margin pressures. Larsen & Toubro stands out with a 14% YoY surge in order inflows and a 27% YoY order book expansion, but its EBITDA margin contracted 90 bps, highlighting execution challenges.
Hindustan Unilever reported its highest volume growth in 13 quarters (5% UVG), yet its EBITDA margin slipped 40 bps, and reported PAT fell 2% YoY due to a one-off tax credit. Infosys lowered its full-year revenue guidance to 1.5%-3% (from 3%-6%), a significant negative signal, while also announcing a CEO succession. IndiGo's annual report shows resilient revenue growth of 6.4% YoY but a sharp slowdown in customer growth to 4%, with a strategic pivot to owned aircraft. A key portfolio-level theme is the divergence between top-line growth and margin compression, with 4 out of 5 major companies reporting YoY margin declines. Insider activity is limited, but a promoter pledge at Asian Paints and a CEO departure at Infosys warrant attention. The upcoming catalyst calendar is dense, with earnings calls for Tata Steel, Maruti Suzuki, and HUL's Capital Markets Day on September 4.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: Company update · Corporate governance · Board meeting · Insider trading
Tracking the trend? Catch up on the prior BSE Sensex 30 Stocks Regulatory Filings digest from July 27, 2026.
Investment Signals (12)
- Larsen & Toubro ↓ (BULLISH)▲
Group order inflows surged 14% YoY to ₹108,014 Cr, with order book at ₹7,790 Bn (+27% YoY), driven by Infrastructure & Utilities (order inflow +100% YoY) and Energy – Green (+58% YoY). International orders now constitute 52% of the order book.
- Larsen & Toubro ↓ (BULLISH)▲
Secured a Framework Cooperation Agreement with TenneT for a 2 GW offshore wind programme covering 8 GW cumulative capacity, strengthening its international renewable energy footprint.
- Hindustan Unilever ↓ (BULLISH)▲
Underlying volume growth (UVG) of 5% in Q2 FY26, the highest in 13 quarters, with Home Care delivering 14% USG (highest in 3 years) and Beauty & Wellbeing at 12% USG.
- Infosys ↓ (BULLISH)▲
AI services revenue now contributes 8.2% of total revenue, growing double-digit QoQ for several consecutive quarters, with a larger pipeline than current share.
- Infosys ↓ (BULLISH)▲
Large deal wins of $3.6 Bn (61% net new) in Q1 FY27, indicating strong market position despite macro headwinds.
- Bharat Electronics ↓ (BULLISH)▲
Q1 FY27 revenue grew 25.27% YoY to INR5,533 Cr, with receivables improving to ~140 days from 176 days. Full-year order inflow guidance of INR55,000+ Cr maintained.
- Infosys ↓ (BEARISH)▲
Full-year revenue guidance lowered to 1.5%-3% YoY (from prior 3%-6%), citing macro uncertainty and a one-time client impact, a significant negative signal for near-term growth.
- Hindustan Unilever ↓ (BEARISH)▲
Reported PAT declined 2% YoY to ₹2,680 Cr, and EBITDA margin contracted 40 bps to 23.0%, despite top-line growth.
- Larsen & Toubro ↓ (BEARISH)▲
EBITDA margin contracted 90 bps YoY to 9.0% in Q1 FY27, due to lower execution levels, forex variation in IT subsidiaries, and higher ECL provisions.
- InterGlobe Aviation ↓ (BEARISH)▲
Customer growth slowed to 4% YoY (123 million passengers), significantly lagging capacity growth of 9.5%, with load factor at 84.4%.
- Asian Paints ↓ (BEARISH)▲
Promoter entity Geetanjali Trading & Investments created a pledge on 12.5 lakh shares (0.13% of total capital) on July 22, 2026, increasing total promoter encumbrance to 5.15% from 5.02%.
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CEO Salil Parekh announced planned departure on March 31, 2027, with successor Ashiss Dash named. CEO transitions introduce execution risk, though the orderly succession plan mitigates some concern. [NEUTRAL/BEARISH]
Risk Flags (10)
- Infosys/Guidance Cut↓ [HIGH RISK]▼
Full-year revenue guidance slashed to 1.5%-3% YoY (from 3%-6%), citing macro uncertainty and a one-time client impact. This is a material downgrade for a bellwether IT stock.
- Larsen & Toubro/Margin Contraction↓ [HIGH RISK]▼
EBITDA margin contracted 90 bps YoY to 9.0% in Q1 FY27, with the Infrastructure & Utilities segment seeing a 3% revenue decline and margin contraction to 5.1% from 5.5%.
- Hindustan Unilever/PAT Decline↓ [MEDIUM RISK]▼
Reported PAT fell 2% YoY to ₹2,680 Cr, and EBITDA margin contracted 40 bps to 23.0%, despite being the highest volume growth in 13 quarters. The Personal Care segment saw only 4% USG with a low-single digit volume decline.
- InterGlobe Aviation/Volume Growth Slowdown↓ [MEDIUM RISK]▼
Customer growth slowed to 4% YoY, well below capacity growth of 9.5%, indicating potential demand saturation or competitive pressure. On-Time Performance averaged 81.3% at DGCA metro airports, a key metric to watch.
- Asian Paints/Promoter Pledging↓ [MEDIUM RISK]▼
Promoter entity increased pledge on shares to 5.15% of total capital, up from 5.02%. While not a distress signal, increasing promoter encumbrance is a negative signal for governance.
- Larsen & Toubro/Key Management Resignation↓ [MEDIUM RISK]▼
Mr. V. Sukumar Hebbar, Senior Vice President & IC Head - Transportation Infrastructure IC, resigned effective July 27, 2026. This is a key leadership departure in a critical business segment.
- Larsen & Toubro/Energy Segment Decline↓ [MEDIUM RISK]▼
The Energy – Conventional segment saw a 90% decline in order inflows, indicating a sharp slowdown in the traditional energy business.
- Bharat Electronics/Margin Decline↓ [LOW RISK]▼
Q1 FY27 EBITDA margin declined to 25.83% from prior year, though full-year guidance of 28% is maintained. Product mix variation is a risk if it persists.
- Hindustan Unilever/Foods Segment Weakness↓ [LOW RISK]▼
The Foods segment saw a sequential revenue decline from ₹3,566 Cr (Q4 FY26) to ₹3,480 Cr, indicating potential demand softness.
- State Bank of India/ESG Rating Decline↓ [LOW RISK]▼
SES ESG Research score declined from 71.2 to 70.4 (both 'Medium'), and NSE Sustainability Ratings did not provide a FY2026 score, creating a data gap.
Opportunities (10)
- Larsen & Toubro/Order Book Visibility↓ (OPPORTUNITY)◆
With an order book of ₹7,790 Bn (+27% YoY) and a near-term addressable prospects pipeline of ~₹15 trillion, L&T offers strong revenue visibility for 2-3 years. The stock could re-rate as execution improves.
- Larsen & Toubro/Offshore Wind Catalyst↓ (OPPORTUNITY)◆
The TenneT framework agreement for 8 GW offshore wind capacity positions L&T as a key player in the European renewable energy transition, a long-term growth driver.
- Hindustan Unilever/Volume Growth Inflection↓ (OPPORTUNITY)◆
The 5% UVG, highest in 13 quarters, signals a potential demand recovery in India's FMCG sector. If margin pressure eases, HUL could see earnings upgrades. Capital Markets Day on September 4 is a key catalyst.
- Infosys/AI Services Growth↓ (OPPORTUNITY)◆
AI services revenue at 8.2% of total and growing double-digit QoQ, with a larger pipeline, positions Infosys to benefit from the AI adoption wave. The stock may be undervalued if AI growth accelerates.
- Bharat Electronics/Defence Order Inflow↓ (OPPORTUNITY)◆
With full-year order inflow guidance of INR55,000+ Cr and a strong Q1 revenue growth of 25.27% YoY, BEL is a direct play on India's defence spending. Receivables improvement to ~140 days is a positive operational sign.
- InterGlobe Aviation/Strategic Fleet Shift↓ (OPPORTUNITY)◆
The plan to increase owned/finance-leased aircraft from ~20% to 30-40% of a projected 600-aircraft fleet by 2030 could reduce long-term costs and improve margins, despite near-term capex.
- Larsen & Toubro/Debt Reduction↓ (OPPORTUNITY)◆
Consolidated debt-equity ratio improved to 1.01 from 1.13 in the prior year quarter, indicating stronger balance sheet health. The merger of wholly owned subsidiary L&T Power Development Limited will simplify the corporate structure.
- Tech Mahindra/ESG Rating↓ (OPPORTUNITY)◆
An independent ESG rating of 86 from ESGRisk.ai is a strong score, potentially attracting ESG-focused institutional investors.
- Titan Company/Shareholder Alignment↓ (OPPORTUNITY)◆
All AGM resolutions passed with overwhelming support (lowest approval 97.36%), including a dividend of ₹15 per share, indicating strong shareholder alignment and governance.
- NTPC/Leadership Stability↓ (OPPORTUNITY)◆
The extension of Chairman & Managing Director Shri Gurdeep Singh for six months ensures leadership continuity during a critical period for India's power sector transition.
Sector Themes (6)
- Top-Line Growth vs. Margin Compression◆
A clear theme across 4 of 5 major reporting companies (L&T, HUL, Infosys, BEL) is robust revenue growth coupled with YoY margin compression. This suggests input cost pressures, competitive pricing, or execution challenges are eating into profitability. Investors should favor companies with pricing power or cost efficiencies.
- Order Book Surge in Infrastructure◆
L&T's order book growth of 27% YoY and BEL's maintained guidance of INR55,000+ Cr order inflow highlight a strong capex cycle in India, particularly in defence and infrastructure. This is a positive signal for the broader economy and related sectors.
- AI as a Growth Driver in IT◆
Infosys's AI services revenue reaching 8.2% of total and growing double-digit QoQ is a sector-wide theme. IT companies with strong AI capabilities are likely to outperform, while those lagging may face margin and growth pressure.
- Consumer Demand Recovery with Caveats◆
HUL's 5% UVG (highest in 13 quarters) signals a potential demand recovery in FMCG, but the Personal Care segment's volume decline and margin pressure indicate that the recovery is uneven. Companies with exposure to premium and rural segments may fare better.
- Capital Allocation Focus on Growth and Simplification◆
L&T's merger of a wholly owned subsidiary and IndiGo's strategic shift to owned aircraft highlight a focus on corporate simplification and long-term cost optimization. This trend is positive for shareholder value creation.
- ESG Ratings Divergence and Data Gaps◆
SBI's ESG ratings from different providers show divergence (Crisil improved, SES declined, NSE no data), highlighting the lack of standardization. This creates both risks and opportunities for investors focused on ESG.
Watch List (8)
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Scheduled for July 31, 2026. Key to watch for commentary on steel prices, demand outlook, and margin guidance. [Date: July 31, 2026]
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Scheduled for July 31, 2026 at 5:15 PM. Key to watch for volume growth, EV strategy updates, and margin outlook. [Date: July 31, 2026]
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Scheduled for September 4, 2026. This is a key catalyst for medium-term strategy, growth targets, and capital allocation plans. [Date: September 4, 2026]
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Scheduled for August 20, 2026. Watch for management commentary on demand outlook, fleet expansion, and international strategy. [Date: August 20, 2026]
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CEO Salil Parekh's planned departure on March 31, 2027, with Ashiss Dash as successor. Monitor for any strategy shifts or client impact during the transition period.
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Watch for any further increase in promoter encumbrance or any invocation of pledged shares, which could signal financial stress at the promoter level.
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Monitor the Energy – Conventional segment for any recovery in order inflows after a 90% decline. The segment's performance is critical for overall growth.
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With a lean Q1 order inflow of INR3,754 Cr, watch for the pace of order wins in the remaining quarters to meet the INR55,000+ Cr full-year guidance.
Filing Analyses
(25)
28-07-2026
InterGlobe Aviation Limited (IndiGo) has published its Annual Report for FY26 and issued notice of its 23rd AGM, scheduled for August 20, 2026 via video conferencing. The report highlights the airline's 20-year milestone, with total income of ₹895 billion (+6.4% YoY), revenue from operations of ₹850 billion (+5.1% YoY), and profit excluding foreign exchange and exceptional items of ₹75 billion. However, customer growth was modest at 4% YoY (123 million passengers) and load factor stood at 84.4%, while On-Time Performance averaged 81.3% at DGCA metro airports—a key operational metric that investors will monitor closely.
- · IndiGo is celebrating 20 years of operations since inception in 2006.
- · Joined the ranks of global airlines generating annual revenue of approx. US$10 billion.
- · Market leader with over 60% market share.
- · Fleet plan realigned to increase owned/finance-leased aircraft from ~20% to 30–40% of a projected 600-aircraft fleet by 2030.
- · Became launch carrier for certain Government of India regional connectivity objectives.
- · AGM scheduled for August 20, 2026 at 1100 hours IST via video conferencing.
28-07-2026
InterGlobe Aviation Limited (IndiGo) has informed the exchanges about sending the web-link for the Notice of the 23rd AGM and Annual Report for FY26 to members whose email addresses are not registered. The AGM will be held on August 20, 2026, through Video Conferencing, with e-voting available from August 15 to August 19, 2026.
- · E-voting event number: 140501
- · Cut-off date for e-voting eligibility: August 13, 2026
- · E-voting period: 0900 hours IST on August 15, 2026 to 1700 hours IST on August 19, 2026
- · Members can also vote during the AGM if they have not already cast their votes by remote e-voting
28-07-2026
Bharat Electronics Limited (BEL) reported Q1 FY27 revenue of INR5,533 crore, up 25.27% YoY from INR4,417 crore, and PAT of INR1,048 crore, up 8.17% YoY from INR969 crore. However, order inflow for the quarter was lean at INR3,754 crore versus a strong prior year comparable that included spillover orders, while the EBITDA margin declined YoY to 25.83% due to product mix variation; the company reiterated its full-year order inflow guidance of INR55,000+ crore and EBITDA margin guidance of 28%.
- · Receivables improved to ~140 days as on 30 June 2026 from 176 days as on 31 March 2026.
- · Revenue is broken into three ~30% each for Army, Navy, Air Force, covering ~90% of total defence orders.
- · Full-year EBITDA margin guidance maintained at 28% despite Q1 margin decline due to product mix.
- · FY27 order inflow guidance confirmed at INR55,000+ crore including QRSAM.
28-07-2026
Tata Steel Limited has informed the stock exchanges about the schedule for its 1QFY27 Earnings Discussion, which will be held on July 31, 2026, from 12:00 to 1:30 PM IST. The event will be live-streamed on YouTube and accessible via Webex, with a Q&A session included. No financial results or performance data are disclosed in this filing.
- · The earnings discussion is scheduled for July 31, 2026, from 12:00 to 1:30 PM IST.
- · The meeting number for Webex is 2516 902 2831 and the password is web@2026.
- · The event will be live-streamed on Tata Steel's YouTube channel.
- · The filing is made under Regulation 30 of SEBI (LODR) Regulations, 2015.
28-07-2026
Titan Company Limited held its 42nd Annual General Meeting on July 27, 2026, where all five resolutions were passed with the requisite majority. The resolutions included adoption of standalone and consolidated financial statements for FY ended March 31, 2026, declaration of a dividend of ₹15 per equity share, re-appointment of Mr. Noel Naval Tata as director, and appointment of Dr. S Vijayakumar, IAS as director. All resolutions received overwhelming shareholder support, with the lowest approval being 97.36% for Mr. Tata's re-appointment.
- · The remote e-voting period was open from July 23 to July 26, 2026.
- · The cut-off date for determining voting rights was July 20, 2026.
- · All resolutions were passed as ordinary resolutions.
- · The dividend of ₹15 per share is on equity shares of face value ₹1 each.
- · The re-appointment of Mr. Noel Naval Tata received 97.36% votes in favor, the lowest approval among all resolutions, with 2.64% votes against.
- · The appointment of Dr. S Vijayakumar received 99.11% votes in favor.
- · The dividend resolution received 100% votes in favor.
- · No invalid votes were recorded for any resolution.
- · The AGM was conducted through Video Conferencing/Other Audio-Visual Means.
28-07-2026
Titan Company Limited held its 42nd Annual General Meeting on July 27, 2026, where all five resolutions—including adoption of financial statements, declaration of a dividend of ₹15 per equity share, re-appointment of Mr. Noel Naval Tata, and appointment of Dr. S Vijayakumar as Director—were passed with the requisite majority. The dividend resolution received unanimous support (100% votes in favor), while the re-appointment of Mr. Noel Naval Tata saw 2.64% votes against, the highest dissent among the items. The filing is a routine disclosure of voting results and does not contain any financial performance data or period-over-period comparisons.
- · The remote e-voting period was open from July 23 to July 26, 2026.
- · The record date for voting entitlement was July 20, 2026.
- · All resolutions were passed with the requisite majority; no invalid votes were recorded.
- · The re-appointment of Mr. Noel Naval Tata received 2.64% votes against (2,01,47,470 votes), the highest dissent among all resolutions.
- · The dividend resolution received unanimous support with 100% votes in favor.
28-07-2026
State Bank of India disclosed ESG ratings for FY2025 and FY2026 from four SEBI-registered rating providers. While Crisil ESG improved from 68 (Strong) to 72 (Leadership) and ESG Risk Assessments & Insights rose from 56.54 (Adequate) to 62 (Strong), SES ESG Research declined from 71.2 to 70.4 (both Medium). NSE Sustainability Ratings provided only a FY2025 score of 73 (Leader) with no FY2026 data.
- · Crisil Core ESG score remained unchanged at 74 for both FY2025 and FY2026.
- · SES ESG Research score declined from 71.2 to 70.4, both rated 'Medium'.
- · NSE Sustainability Ratings did not provide a FY2026 score.
- · All ratings were based on publicly available information without engagement with the bank.
28-07-2026
NTPC Limited announced that the Ministry of Power, Government of India, has extended the re-employment tenure of Shri Gurdeep Singh as Chairman & Managing Director for six months beyond his current term ending July 31, 2026. The extension is effective from August 1, 2026, until the regular incumbent assumes charge or until further orders, whichever is earliest.
- · The extension is for a period of six months w.e.f. August 1, 2026.
- · The extension is on a contract basis and is subject to the earliest of: completion of six months, assumption of charge by a regular incumbent, or further orders.
- · The prior intimation regarding this matter was dated July 18, 2025.
28-07-2026
Larsen & Toubro reported consolidated revenues of ₹ 67,942 crore for Q1 FY27, up 7% YoY, and PAT of ₹ 4,123 crore, up 14% YoY. Group order inflows surged 14% to ₹ 108,014 crore, driven by strong performance in Infrastructure & Utilities (order inflow +100% YoY) and Energy – Green (+58% YoY). However, the Energy – Conventional segment saw a 90% decline in order inflows, and the Infrastructure & Utilities segment reported a 3% revenue decline with margin contraction. The Board also approved the merger of wholly owned subsidiary L&T Power Development Limited into the company.
- · International revenues contributed 51% of total revenues at ₹ 34,393 crore.
- · International orders constituted 56% of total order inflow at ₹ 60,702 crore.
- · International orders made up 52% of the overall order book.
- · Infrastructure & Utilities segment EBITDA margin contracted from 5.5% to 5.1% due to change in revenue mix and increased credit provisions.
- · Energy – Conventional segment EBITDA margin improved slightly from 7.5% to 7.6%.
- · Energy – Green segment EBITDA margin declined from 6.1% to 6.0%.
- · Manufacturing & Products segment EBITDA margin fell from 17.5% to 15.2% due to change in sales mix.
- · Technology, Platforms & Services EBITDA margin declined from 19.5% to 19.2% due to higher manpower cost and forex variation.
- · Realty segment EBITDA margin dropped from 48.8% to 36.9% due to change in sales composition.
- · Financial Services loan book grew 6% to ₹ 129,634 crore from March 2026; retail loan book constitutes 98%.
- · Financial Services PBT improved to ₹ 1,236 crore from ₹ 943 crore in Q1 FY26.
- · Development Projects segment includes Nabha Power (divested June 25, 2026) and Hyderabad Metro (up to April 30, 2026).
- · The Board approved the merger of L&T Power Development Limited (wholly owned subsidiary) into the company, subject to NCLT approval.
- · No funds were raised during the quarter; no secured non-convertible debentures outstanding.
28-07-2026
Larsen & Toubro reported a strong Q1 FY27 with consolidated revenue from operations of ₹67,941.74 Cr, up 6.7% YoY, and consolidated net profit (attributable to owners) of ₹4,122.85 Cr, up 14.0% YoY. However, sequentially, revenue fell 17.9% from the March 2026 quarter, and profit dropped 22.6%, reflecting typical seasonal patterns. The standalone business also showed robust YoY growth, with revenue up 7.6% and net profit up 27.8%, though it too saw a sequential decline in revenue.
- · Consolidated net worth stood at ₹106,288.94 Cr as of June 30, 2026, up from ₹94,839.81 Cr a year ago.
- · Consolidated debt-equity ratio improved to 1.01 from 1.13 in the prior year quarter.
- · Standalone net worth was ₹72,224.25 Cr as of June 30, 2026.
- · Consolidated basic EPS for the quarter was ₹29.97, compared to ₹26.30 in Q1 FY26.
- · Standalone basic EPS for the quarter was ₹32.39, compared to ₹25.34 in Q1 FY26.
28-07-2026
Larsen & Toubro reported consolidated revenues of ₹ 67,942 crore for Q1 FY27, up 7% YoY, and PAT of ₹ 4,123 crore, up 14% YoY. Group order inflows surged 14% to ₹ 108,014 crore, driven by strong performance in Infrastructure & Utilities (order inflow more than doubled) and Energy – Green (+58%). However, the Energy – Conventional segment saw a 90% decline in order inflow, and the Infrastructure & Utilities segment recorded a 3% revenue decline with margin contraction to 5.1% from 5.5%. The Board also approved the merger of wholly owned subsidiary L&T Power Development Limited into the company.
- · International revenue contributed 51% of total revenue at ₹ 34,393 crore.
- · International orders constituted 56% of total order inflow at ₹ 60,702 crore.
- · International orders made up 52% of the overall order book.
- · Infrastructure & Utilities segment EBITDA margin contracted to 5.1% from 5.5% due to change in revenue mix and increased credit provisions.
- · Energy – Conventional segment EBITDA margin was nearly flat at 7.6% vs 7.5%.
- · Energy – Green segment EBITDA margin was nearly flat at 6.0% vs 6.1%.
- · Manufacturing & Products EBITDA margin declined to 15.2% from 17.5% due to sales mix change.
- · Technology, Platforms & Services EBITDA margin declined marginally to 19.2% from 19.5% due to higher manpower cost and forex variation.
- · Realty EBITDA margin declined to 36.9% from 48.8% due to change in sales composition.
- · Financial Services retail loan book constituted 98% of total loan book.
- · The Board approved the merger of L&T Power Development Limited (wholly owned subsidiary) into the company, subject to NCLT approval.
- · The company concluded the sale of Nabha Power Limited and signed a share purchase agreement to divest 100% stake in Hyderabad Metro SPV.
- · No funds were raised during the quarter; no secured non-convertible debentures were outstanding.
28-07-2026
Larsen & Toubro reported Q1 FY27 revenue of ₹679 Bn (+7% YoY) and PAT of ₹41 Bn (+14% YoY), with order inflow surging 14% to ₹1,080 Bn and order book reaching ₹7,790 Bn (+27% YoY). However, EBITDA margin contracted 90 bps to 9.0% due to lower execution levels, forex variation in IT subsidiaries, and higher ECL provisions, while revenue growth was subdued by supply chain constraints in the Middle East. The company completed the divestment of Nabha Power and signed an SPA to divest its stake in LTMRHL to EVR Motors.
- · International orders constitute 52% of the order book as on 30-Jun-2026.
- · Addressable prospects pipeline of ~₹15 trillion for the near term.
- · Moody's assigned 'Baa1' long-term / Stable rating, two notches above sovereign rating.
- · Net debt/equity ratio increased to 0.39 from 0.35 as on Mar-26.
- · Gross debt/equity ratio increased to 1.01 from 0.95 as on Mar-26.
- · Cash & cash equivalents and current investments stood at ₹851 Bn as on 30-Jun-2026.
- · Financial Services retail book constitutes 98% of total book.
- · Realty segment revenue grew >100% YoY to ₹10.1 Bn, but EBITDA margin declined 1190 bps to 36.9% due to change in sales mix.
- · Hyderabad Metro interest cost not considered from 01-May-2026.
- · Divestment of Nabha Power completed on 25-Jun-2026.
- · LTM issued an offer to acquire Randstad's Technology and Consulting Services business.
- · L&T Vyoma partnered with Fortanix for sovereign AI cloud solutions.
- · Partnership with France-based Exail for Advanced Unmanned Mine Counter-Measure Suite.
- · Prime Minister Narendra Modi visited L&T's Hazira complex on 5th June 2026.
28-07-2026
Hindustan Unilever Limited has announced that it will hold its Capital Markets Day 2026 for institutional investors and financial analysts on September 4, 2026. The presentation materials will be submitted to stock exchanges and posted on the company's website after the event. No financial results or performance data were disclosed in this filing.
- · Event date: Friday, 4th September 2026
- · Target audience: Institutional Investors & Financial Analysts
- · Presentation materials to be filed with stock exchanges and hosted on company website after the event
29-07-2026
Infosys Q1 FY27 revenue grew 2.4% YoY and 1% QoQ in constant currency to $20 bn run rate, with AI services contributing 8.2% of revenue and large deal wins of $3.6 bn (61% net new). Operating margin was 21.1%, free cash flow $955 mn, and EPS up 15% YoY. However, the company lowered its full-year revenue guidance to 1.5%-3% YoY (from prior 3%-6%) citing macro uncertainty and a one-time client impact, while maintaining operating margin guidance of 20%-22%. CEO Salil Parekh announced his planned departure on March 31, 2027, with Ashiss Dash named as successor, effective April 1, 2027.
- · AI services revenue grew double-digit QoQ for several consecutive quarters
- · AI pipeline is larger than current 8.2% revenue share
- · A one-time revenue impact from a client decision occurred during Q1
- · Large deals include 5 consolidation deals and 3 deals just under $500 mn range
- · Operating margin guidance maintained at 20%-22%
- · CEO transition plan: Ashiss Dash will undergo coaching from October 1, 2026, then mentored by Salil Parekh until he takes over on April 1, 2027
- · Competitive pricing pressures mentioned by peers (Tech Mahindra, Wipro) but not observed by Infosys
28-07-2026
L&T, in consortium with Hitachi Energy, has secured a Framework Cooperation Agreement (FCA) with TenneT for a 2 GW offshore wind programme, covering six projects with a cumulative transmission capacity of 8 GW. The framework includes two ongoing projects (IJmuiden Ver Alpha and Nederwiek 1) and two new projects (Nederwiek 3 and LanWin 5). This strengthens L&T's international footprint in offshore renewable energy infrastructure.
- · The framework agreement covers in principle six projects and future opportunities under TenneT's 2-GW HVDC programme.
- · L&T will execute offshore converter platforms and associated infrastructure under EPCI scope.
- · L&T's offshore wind vertical is backed by engineering centres in India and Sharjah, UAE, and fabrication facilities in Kattupalli, India.
28-07-2026
Infosys announced the successful migration of NTN Corporation's on-premise SAP Commerce-based e-commerce platform, e-WINGS, to SAP Commerce Cloud 2211. The project, powered by Infosys Cobalt, aims to enhance platform reliability, streamline maintenance, and improve cost efficiencies for NTN, a global precision equipment manufacturer. This collaboration underscores Infosys's growing footprint in Japan and its ability to guide complex digital transformations.
- · NTN Corporation was founded in 1918.
- · NTN's main products include bearings and driveshafts (constant velocity joints).
- · NTN's hub bearings and driveshafts boast a high global market share.
- · Infosys is recognized as the fastest growing IT services brand globally.
- · Infosys has over four decades of experience in managing the systems of global enterprises.
28-07-2026
Hindustan Unilever Limited reported consolidated Q2 FY26 (quarter ended June 30, 2026) results with total sales of ₹17,184 crore, growing 10% YoY. EBITDA grew 8% YoY to ₹3,947 crore, but EBITDA margin declined 40 bps to 23.0%. Profit before tax before exceptional items rose 9% YoY to ₹3,707 crore. However, net profit from continuing operations fell 2% YoY to ₹2,680 crore, and the Foods segment saw a sequential revenue decline from ₹3,566 crore (Q4 FY26) to ₹3,480 crore.
- · The Board meeting commenced at 08:30 AM IST and concluded discussion on results at 09:40 AM IST on July 28, 2026.
- · Paid-up equity share capital remains at ₹235 crore (face value Re. 1 per share).
- · Basic EPS from continuing operations for Q2 FY26 is ₹11.38 vs ₹11.62 in Q2 FY25.
- · Home care segment revenue grew to ₹6,554 crore (Q2 FY25: ₹5,777 crore), while Foods segment revenue declined sequentially from ₹3,566 crore (Q4 FY26) to ₹3,480 crore.
- · Exceptional items for continuing operations were a net charge of ₹75 crore in Q2 FY26 vs ₹125 crore charge in Q2 FY25.
- · Total comprehensive income for the quarter was ₹2,768 crore (Q2 FY25: ₹2,746 crore).
28-07-2026
Geetanjali Trading and Investments Private Limited, a promoter of Asian Paints Limited, created a pledge on 12,50,000 equity shares (0.13% of total share capital) on July 22, 2026, in favor of Aditya Birla Capital Limited as collateral for a loan. The total promoter encumbered shares post-event increased to 4,93,92,227 shares (5.15% of total share capital), up from 4,81,42,227 shares (5.02%) before the pledge. No other promoter or promoter group entity reported any creation, invocation, or release of encumbrance during this period.
- · Geetanjali Trading and Investments Private Limited held 4,57,06,140 shares (4.77% of total share capital) before the pledge.
- · The pledge was created on 22-Jul-2026 and reported on 27-Jul-2026.
- · Other promoters with existing encumbrances include Satyen Ashwin Gandhi (13,91,500 shares, 0.15%) and Hiren Ashwin Gandhi (12,94,227 shares, 0.13%).
- · Sattva Holding and Trading Private Limited and Smiti Holding and Trading Company Private Limited have significant encumbered holdings of 67,38,500 shares (0.70%) and 3,62,18,000 shares (3.78%) respectively, but no change was reported in this filing.
- · Total promoter and promoter group shareholding is 50,47,85,198 shares (52.63% of total share capital).
28-07-2026
Hindustan Unilever Limited (HUL) reported consolidated revenue from operations of ₹17,149 crore for Q2 FY26 (quarter ended June 30, 2026), a 10% YoY increase driven by 5% underlying volume growth, marking the highest growth in 13 quarters. However, reported Profit After Tax (PAT) declined 2% YoY to ₹2,680 crore due to a one-off tax credit in the prior-year quarter, while PAT before exceptional items grew 9% to ₹2,731 crore. EBITDA margin contracted 40 bps to 23.0%, remaining within the guided range despite a volatile operating environment.
- · Exceptional items in Q2 FY26 included restructuring expenses of ₹115 crore (vs ₹90 crore in Q2 FY25), profit from disposal of surplus assets of ₹45 crore (vs ₹1 crore), and acquisition/disposal related costs of ₹5 crore (vs ₹2 crore).
- · The auditor's review report notes that the interim financial results of one subsidiary, Unilever Nepal Limited (revenues ₹137 crore, PAT ₹28 crore for the quarter), were not reviewed by HUL's auditor but by another auditor; the conclusion is unmodified.
- · Home Care segment delivered 14% USG, its highest growth in three years, driven by high-single digit UVG; Fabric Wash achieved double-digit USG.
- · Beauty & Wellbeing segment recorded 12% USG, with double-digit growth in Premium Skin Care and Hair Care; Minimalist delivered double-digit growth with sequential acceleration.
- · Personal Care segment reported only 4% USG, with strong growth in Premium Bars and strengthened market leadership in Bodywash.
- · Foods segment revenue (consolidated) was ₹3,480 crore for the quarter, with segment results of ₹692 crore.
- · Consolidated total comprehensive income for the quarter was ₹2,768 crore, compared to ₹2,746 crore in Q2 FY25.
- · The Board of Directors approved the results at their meeting on July 28, 2026; the Audit Committee reviewed them on July 27, 2026.
- · Statutory auditors issued an unmodified (clean) report on both consolidated and standalone results.
28-07-2026
Hindustan Unilever Limited (HUL) reported its highest growth in 13 quarters for the quarter ended June 30, 2026, with Underlying Sales Growth (USG) of 10% and turnover of ₹ 17,184 crore. EBITDA grew 8% YoY to ₹ 3,947 crore, while Profit After Tax before exceptional items rose 9% YoY to ₹ 2,731 crore. However, reported Profit After Tax declined 2% YoY to ₹ 2,680 crore due to a one-off tax credit in the prior year, and Personal Care segment saw only 4% USG with a low-single digit volume decline.
- · Home Care delivered 14% USG, its highest growth in three years, with Fabric Wash achieving double-digit growth and Household Care accelerating to double-digit USG and UVG.
- · Beauty & Wellbeing recorded 12% USG, with Hair Care delivering double-digit volume-led growth, Premium Skin Care growing double-digit, and Minimalist showing sequential acceleration.
- · Personal Care reported only 4% USG with low-single digit volume decline, as palm oil inflation persisted for the second consecutive year; Skin Cleansing grew mid-single digit driven by pricing.
- · Foods delivered 7% USG, with Coffee achieving double-digit volume-led growth, Lifestyle Nutrition continuing double-digit momentum, and Boost surpassing ₹ 1,000 crore annual turnover milestone.
- · Health & Wellbeing (within Beauty & Wellbeing) had soft performance in OZiva due to business transition.
- · EBITDA Margin at 23.0% declined 40 bps YoY but remained within the guided range.
- · The company expects FY'27 to be better than FY'26, led by portfolio and channel transformation, but commodity volatility and inflationary pressures are expected to continue in the short term.
- · Capital Markets Day is scheduled for September 4, 2026.
28-07-2026
Larsen & Toubro Limited announced the resignation of Mr. V. Sukumar Hebbar, Senior Vice President & IC Head - Transportation Infrastructure IC, effective from the close of business hours on July 27, 2026. The company disclosed this change in senior management pursuant to SEBI LODR regulations. No financial details or performance metrics were provided in this filing.
28-07-2026
Larsen & Toubro Limited has allotted 1,36,908 equity shares to employees who exercised options under the company's Employee Stock Option Schemes, as approved by the Nomination & Remuneration Committee on July 28, 2026. The newly allotted shares rank pari-passu with existing shares.
- · Allotment was made to grantees who had exercised options under the Employee Stock Option Schemes
- · NRC meeting was held from 12:30 p.m. to 1:15 p.m. on July 28, 2026
28-07-2026
InterGlobe Aviation (IndiGo) published its FY26 Annual Report and Notice of the 23rd AGM, scheduled for August 20, 2026 via video conferencing. The airline reported resilient growth with total income of ₹895 billion (+6.4% YoY), revenue from operations of ₹850 billion (+5.1% YoY), and profit excluding forex and exceptional items of ₹75 billion. However, customer growth slowed to 4% YoY (123 million passengers), capacity grew 9.5%, and the load factor stood at 84.4%. The company also highlighted a strategic shift to increase owned/finance-leased aircraft from ~20% to 30-40% of a projected 600-aircraft fleet by 2030.
- · IndiGo became the first Indian carrier to connect India with Siem Reap (Cambodia) and resumed operations to mainland China.
- · New international routes launched include Kolkata–Shanghai, Delhi–Colombo, Delhi–Krabi, and Mumbai–Fujairah.
- · Long-haul services to the UK and Eastern Europe were launched, marking entry into long-haul international operations.
- · Domestic network covers 97 destinations with over 520 direct city pairs.
- · Market share exceeds 60%.
- · The company plans to increase owned/finance-leased aircraft from ~20% to 30-40% of a projected 600-aircraft fleet by 2030.
- · The AGM will be held on August 20, 2026 at 1100 hours IST via video conferencing.
28-07-2026
Tech Mahindra Limited disclosed that ESGRisk.ai, a SEBI-registered ESG rating provider, has independently assigned an ESG rating of 86 to the company based on its fiscal 2026 disclosures and publicly available data. The company did not engage the rating agency, and the report was received on July 27, 2026. No financial figures or period-over-period comparisons are provided in this filing.
- · ESG rating of 86 assigned by ESGRisk.ai, a SEBI-registered Category I Subscriber-Pays ESG rating provider.
- · Rating was independently prepared without engagement from Tech Mahindra.
- · Communication received by the company on July 27, 2026 at 6:28 p.m. IST.
28-07-2026
Maruti Suzuki India Limited has announced a conference call for analysts and investors to discuss the results for the first quarter of fiscal year 2026-27. The call is scheduled for July 31, 2026, at 5:15 PM. This is a routine disclosure of an upcoming earnings call and does not contain any financial results or performance data.
- · Conference call date: July 31, 2026
- · Conference call time: 5:15 PM
- · Filing date: July 28, 2026
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