Several major companies are in the spotlight as investors analyze their recent performance and future prospects. Here's a summary of the latest news surrounding JSW Steel, Wipro, Axis Bank, RIL, Vedanta, DLF, and IHCL:
JSW Steel
JSW Steel reported a 14% year-on-year (YoY) increase in crude steel production for Q1 FY26, reaching 7.26 million tonnes. Production in India rose 15% YoY, despite planned maintenance shutdowns. Analysts anticipate a strong surge in profit after tax (PAT). Revenue is expected to show a modest increase, driven by improved realisations and lower raw material costs. Titan Company and JSW Steel traded ex-dividend on Monday, July 8, 2025, with JSW Steel offering ₹2.80 per share.
Wipro
Wipro's Q1 FY26 consolidated net profit rose 11% YoY to ₹3,330 crore. Revenue saw a slight increase of 0.7% to ₹22,134 crore. The company declared an interim dividend of ₹5 per share. Wipro plans to hire 10,000 freshers in FY26. Wipro won a £500 million strategic deal with UK insurance giant Phoenix Group. The IT services revenue was $2.58 billion, a decrease of 0.3% and 1.5% sequentially and annually, respectively. The company's IT services operating margin for Q1'26 was at 17.3%, a contraction of 0.2% QoQ and an expansion of 0.8% YoY.
Axis Bank
Axis Bank's net profit for the quarter ended June 2025 slipped 4% YoY to ₹5,806 crore, due to higher provisions. The bank attributed the increased provisions to a "technical impact" from an internal recalibration of bad loan classification. Net interest income (NII) grew 1% to ₹13,560 crore. Gross non-performing assets (NPAs) rose to 1.57%, while net NPAs increased to 0.45%. The bank's balance sheet grew 9% YoY, reaching ₹16,03,308 crore.
Reliance Industries (RIL)
Reliance Industries is scheduled to announce its June quarter earnings on July 18, 2025. The company's Q1 FY26 PAT is expected to rise sharply, potentially driven by gains from the Asian Paints stake sale. Kotak Equities projects the highest PAT at ₹28,542 crore, an 88.5% YoY increase. Reliance Industries sold 8.5 million shares of Asian Paints for ₹1,876 crore. RIL is moving to the Supreme Court against a High Court ruling in a $1.5 billion gas dispute with the Centre.
Vedanta
Vedanta's shares experienced a rise after shareholders and creditors approved its demerger into five entities. The company announced an INR 80,000 crore investment in the Northeast. Vedanta declared an interim dividend of Rs 7 per share for FY26. Vedanta's Q4 aluminium output increased 1% YoY to 6.03 lakh tonnes. The company's skilling revolution is impacting nearly 15 lakh lives.
DLF
DLF has re-entered the Mumbai market with an ₹800 crore premium housing project. The project, "West Park," is located in Andheri (West) and is expected to generate ₹2,300 crore in revenue. DLF will invest ₹900 crore in the Mumbai housing project, targeting ₹2,300 crore in revenue. DLF is also planning a project in Goa featuring boutique villas. The company sold 173 ultra-luxury homes in Gurugram for ₹11,816 crore.
Indian Hotels Company (IHCL)
IHCL reported a 19% YoY jump in its consolidated net profit for Q1 FY26, reaching ₹296 crore. Revenue from operations saw a 32% YoY increase to ₹2,102 crore. The company signed 12 new hotels across its brandscape, including five Taj hotels. IHCL opened six new hotels during the quarter, including a Taj in Alibaug and two SeleQtions resorts in Lakshadweep. IHCL's management fee income grew by 17% to ₹133 crore.
