L&T Finance Profit Jumps 28% in Q1; DMart Profit Up 11%

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AuthorVihaan Mehta|Published at:
L&T Finance Profit Jumps 28% in Q1; DMart Profit Up 11%

L&T Finance reported a 28.7% profit increase to ₹902.5 crore in Q1, while Avenue Supermarts grew profit by 11.3% to ₹860.4 crore. Investors are tracking these earnings alongside new order wins from RITES and JSW Energy. Separately, Swiggy has resolved a recent food safety licensing issue that had previously restricted its operations.

Indian markets are analyzing a busy start to the earnings season today, July 13, 2026, as several major firms release their quarterly financial results and update investors on business performance. Among the highlights, L&T Finance Holdings posted a profit of ₹902.5 crore for the first quarter, marking a 28.7% rise compared to the same period last year. The company’s net interest income also saw a notable gain, rising 28.4% to ₹2,924.8 crore, signaling healthy credit demand.

In the retail space, Avenue Supermarts, the operator of DMart stores, recorded a profit of ₹860.4 crore, an 11.3% increase year-on-year. Revenue for the retailer grew by 14.9%, reaching ₹18,794.5 crore. Investors typically monitor these figures to assess consumer spending patterns in urban and semi-urban markets, which have recently faced pressure from uneven inflationary trends across India.

Order Wins and Corporate Deals

Several companies announced new contracts and strategic moves that could influence future cash flow. RITES secured a consultancy contract valued at ₹79.22 crore from the Patna Metro Rail Corporation. In the energy sector, a JSW Energy subsidiary, JSW Energy PSP Eleven, won orders totaling ₹443.74 crore for Battery Energy Storage Systems. Additionally, Power Grid Corporation of India received a Letter of Intent to build and operate an inter-state transmission system for a renewable energy zone in Krishnagiri.

Meanwhile, Mankind Pharma is moving to sell its stake in Broadway Hospitality Services for ₹49 crore, continuing a trend of companies streamlining their portfolios to focus on core pharmaceutical operations. Powerica also secured a 50 MW wind power project in Gujarat at a tariff of ₹3.51 per unit.

Regulatory Updates and Management Changes

Operational risks remain a key area for investors. Swiggy successfully resolved a licensing issue with the Food Safety and Standards Authority of India (FSSAI) regarding its 'Toing' platform, following a brief prohibition order issued on July 6. The receipt of a modified license on July 9 allows for the continuation of services.

In the aviation sector, InterGlobe Aviation received a warning from the aviation regulator DGCA regarding cargo spillage. While the company stated that the financial impact is minimal, such regulatory observations are typically monitored for their potential to disrupt logistics or incur future compliance costs. Separately, Jindal Steel announced that its CEO, Gautam Malhotra, will step down effective July 15. The appointment of a successor and the continuity of the company’s current expansion projects will be the primary updates for shareholders to track in the coming weeks.

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