Key Stocks to Watch: ITC, Tata Power, LIC Housing, Federal Bank, and More

ITC reported strong revenue but saw margin pressure due to high tobacco costs, while Tata Power and LIC Housing posted steady profit growth. Federal Bank disappointed with a profit decline, and ABB India faced earnings pressure. In contrast, GR Infraprojects and MCX delivered solid profit gains, and Dilip Buildcon bagged a major metro project. These are a few stocks to watch for tomorrow.

ITC Ltd, the FMCG giant, had a mixed Q1 performance. Revenue surged 20.6% YoY to ₹19,749 crore, beating estimates, while EBITDA rose 2.9% to ₹6,261 crore. However, margins dropped to 31.7%, well below both last year’s 37% and analysts’ projections, largely due to elevated leaf tobacco costs. Net profit remained flat at ₹4,912 crore.

Tata Power Company Ltd, a leading integrated power producer, reported a 6.2% YoY rise in net profit to ₹1,262.3 crore for Q1FY26, while revenue grew 4.6% to ₹18,035 crore, reflecting steady operational momentum.

LIC Housing Finance Ltd posted a 4.4% year-on-year increase in net profit for the June quarter, coming in at ₹1,364 crore compared with ₹1,306 crore a year ago. The company’s revenue from operations rose 7% to ₹7,233 crore, while net interest income (NII) also edged up 4% YoY to ₹2,076 crore.

Federal Bank, a Kerala-based lender, reported a 14.7% YoY drop in Q1FY26 net profit to ₹861.8 crore, missing estimates. Asset quality weakened slightly, with GNPA rising to 1.91% and net NPAs to 0.48%.

Dilip Buildcon Ltd, in a joint venture with RBL Bank, emerged as one of the lowest bidders for a ₹1503.6 crore Gurugram Metro Rail project. The project includes building a viaduct, 14 elevated stations, and an underpass across key sections of the metro corridor.

ABB India Ltd reported a 20.7% YoY drop in Q2CY25 net profit to ₹351.7 crore, with EBITDA falling 27% to ₹441 crore and margins narrowing to 13%. Despite profitability pressures from forex volatility and one-offs, the Board declared an interim dividend of ₹9.77 per ₹2 equity share.

GR Infraprojects Ltd posted a strong 57% YoY rise in net profit to ₹244 crore for Q1FY26, even as revenue declined 2.1% to ₹1,988 crore, reflecting margin resilience amid muted topline performance.

RailTel Corporation of India received an advance work order from BSNL worth ₹166.38 crore for service-based work, with execution slated by July 31, 2028, as per the contract terms outlined in BSNL’s AWO.

Multi-Commodity Exchange Of India Ltd delivered a robust Q1FY26, with net profit soaring 49.9% QoQ to ₹203 crore and revenue climbing 28.2% to ₹373 crore, driven by heightened derivatives activity. The board also approved a 1:5 stock split to boost affordability and liquidity.

Narayana Hrudayalaya, the healthcare firm, reported a 2.3% YoY decline in Q1FY26 net profit to ₹192.6 crore, even as revenue rose 15.4% to ₹1,507 crore. EBITDA grew 10.8% to ₹360 crore, though margins eased to 23.8% from 24.8%.