Eicher Motors posted a 9% year-on-year rise in Q1FY26 net profit at ₹1,205 crore, driven by robust sales in Royal Enfield and VECV segments. Revenue rose 15% YoY, though sequential numbers dipped slightly. Management remains optimistic on continued growth.

Indian indices closed lower on Thursday amid tariff concerns and sectoral selling in energy, IT, and banks. Nifty showed signs of recovery but failed to hold above 24,900. Analysts see possible bullish reversal if Nifty crosses 25,000.

AM/NS India’s June quarter sales declined 6% YoY to $1.49 billion, while EBITDA dropped 15.6% to $200 million. However, both metrics improved sequentially due to steel price gains following safeguard duties.

India’s gold demand fell 10% YoY to 134.9 tonnes in Q2 2025 as record-high prices hurt jewellery sales. The World Gold Council lowered its full-year forecast to 600–700 tonnes. Investment demand rose, while recycling stayed stable.

Renol Polychem s IPO is set to launch on Thursday. Investor confidence is high, supported by robust financial performance. The IPO aims to raise Rs 26 crore through a fresh issue of shares. Anchor investors have already committed Rs 4.03 crore. The funds will be used for capital expenditure, working capital, and debt repayment.

Kaynes Technology posted a 49.96% year-on-year jump in consolidated net profit at Rs 74.61 crore for the quarter ended June 2025, driven by strong operational performance. Revenue rose 33.63% to Rs 673.46 crore, while profit before tax climbed nearly 50% to Rs 96.08 crore.

Motilal Oswal anticipates a recovery in NSE’s growth despite a weak Q1FY26. While revenue dipped 11% YoY, profit rose 14%. New product launches, shifting expiry dates, and tech expansion are expected to aid momentum ahead of its IPO.

ITC is expected to post modest Q1FY26 earnings with flat to slight growth in PAT and EBITDA. Margin pressure in FMCG and paper may offset gains from stable cigarette and agri business performance, according to top brokerage estimates.

Indian markets closed lower on Thursday. Strong Q1 results lifted Sagility, Kaynes, HEG, and Emami, while Apar Industries, Relaxo, and Hindustan Copper declined amid profit booking and weak sentiment.