Earnings season continues to drive market sentiment this Wednesday, with defence contractors and consumer tech giants stealing the show. Astra Microwave Products slips 2.7% despite securing a massive ₹2,205 crore work order from HAL for Uttam Radar systems, while Swiggy surges 3.0% after reporting that its Instamart segment has hit contribution margin break-even. Here's what's moving.

GNG Electronics

GNG Electronics is trading at ₹555.85 (down 0.83% on the day) The mid-cap electronics manufacturer delivered a robust Q1FY27 performance, with consolidated revenue rising 32% YoY to ₹412.5 crore. Net profit surged 56% to ₹28.9 crore, supported by an expanded global footprint of 49 countries and over 5,100 customer touchpoints. The company also announced a strategic partnership with Redington Limited to bolster its distribution network.

Astra Microwave Products

Astra Microwave Products is trading at ₹1,726.00 (slipping 2.69% on the day) Despite securing a confirmed ₹2,205.23 crore work order from Hindustan Aeronautics Limited for 122 Advanced Airborne Avionics Units for the Uttam Radar system, shares retreated. The five-year order equals 741% of trailing twelve-month revenue and creates a backlog of approximately 7.4 quarters. The company’s operating profit margin had improved sharply to 33.08% in Q4FY26.

Mazagon Dock Shipbuilders

Mazagon Dock Shipbuilders is trading at ₹2,319.10 (up 0.49% on the day) The defence shipbuilder reported a 21.7% YoY rise in Q1FY27 net profit to ₹55.05 crore, with EBITDA margins expanding sharply to 15.63% from 11.50%. Revenue grew 12.1% to ₹2,942.7 crore, backed by an order book of ₹18,218 crore. The stock is also in focus following reports that India and Germany are close to finalizing a submarine agreement, positioning Mazagon Dock as a key beneficiary.

Archean Chemical Industries

Archean Chemical Industries is trading at ₹561.20 (down 0.80% on the day) Archean Chemical Industries posted mixed Q1 results, with revenue rising to ₹3.2 billion but net profit falling to ₹405 million from ₹518 million year-on-year. EBITDA declined to ₹677 million, causing the margin to contract sharply to 21.44% from 29.78%. The divergence between top-line growth and profitability concerns investors ahead of its earnings call on August 3.

Aarti Industries

Aarti Industries is trading at ₹480.20 (slipping 1.09% on the day) Aarti Industries saw net profit jump 260% to ₹155 crore in Q1FY27, driven by higher revenues and improved margins despite geopolitical volume impacts. The board approved the creation of a wholly owned subsidiary in China to expand its global footprint. Additionally, Suyog Kotecha has been appointed as Managing Director effective October 1, 2026, marking a shift towards professionalized executive management.

AWL Agri Business

AWL Agri Business is trading at ₹187.58 (down 1.23% on the day) AWL Agri Business reported a 47.7% YoY rise in consolidated net profit to ₹351.39 crore for Q1FY27, with revenue growing 17.5% to ₹20,048.14 crore. Operating EBITDA nearly doubled to ₹693 crore, with margins expanding to 3.46% from 2.14%. The company also appointed Pankaj Goyal as Chief Financial Officer effective July 31, bringing deep experience from the Adani Group.

Alivus Life Sciences

Alivus Life Sciences is trading at ₹1,095.70 (slipping 2.13% on the day) Alivus posted a record Q1 net profit of ₹1,601 million, with EBITDA rising 29.1% to ₹2,341 million and margins hitting a record 36.6%. Revenue grew 6.4% to ₹6,404 million, supported by a 26.5% expansion in its non-GPL portfolio. The company generated strong free cash flow of ₹901 million while advancing capacity expansion projects across Solapur, Ankleshwar, and Dahej.

Swiggy

Swiggy is trading at ₹295.91 (rallying 2.98% on the day) Swiggy narrowed its Q1FY27 consolidated net loss to ₹791 crore from ₹1,197 crore, driven by a 37% rise in revenue to ₹6,812 crore. The key highlight was achieving contribution margin break-even in its quick-commerce segment, Instamart. The company plans to open approximately 75 new stores in Q2 FY27 and has appointed Nandita Sinha as Instamart CEO effective August 3.

NSDL

NSDL is trading at ₹823.30 (flat 0.41% on the day) National Securities Depository Limited reported a 10% YoY rise in consolidated net profit to ₹983 crore in Q1FY27, with revenue surging 66% to ₹5,166 crore driven by banking services. The board recommended a ₹4 per share dividend for FY26, with a record date set for September 11. NSDL also received a minor ₹50,000 GST penalty notice for a filing delay, which it asserts has no material impact.

Silver Touch Technologies

Silver Touch Technologies is trading at ₹206.80 (down 1.52% on the day) The IT services firm posted a 150% YoY surge in Q1 net profit to ₹100 million, with revenue increasing to ₹767 million. EBITDA rose to ₹158 million, improving the margin to 20.53% from 13.67%. The company has fixed August 17 as the record date for a proposed final dividend of ₹0.10 per share, pending AGM approval.

Tata Steel

Tata Steel is trading at ₹186.92 (down 0.19% on the day) Tata Steel’s Q1FY27 consolidated EBITDA rose 25% YoY to ₹9,370 crore, led by robust performance in India where EBITDA reached ₹9,908 crore. Consolidated net profit rose to ₹2,385 crore. The Bombay High Court restored Tata Steel’s writ petition against a ₹25,185.51 crore tax reassessment, with the case scheduled for hearing on August 19.

Satin Creditcare

Satin Creditcare is trading at ₹257.42 (slipping 0.40% on the day) Satin Creditcare Network reported a 172% YoY surge in PAT to ₹123 crore in Q1FY27, supported by robust AUM growth of 27.5% to ₹15,935 crore. Asset quality improved with GNPA dropping to 2.18%. The company expanded its subsidiary operations and entered new markets like Kerala, driving financial outperformance.

Chambal Fertilizers

Chambal Fertilizers & Chemicals reported Q1 net profit of ₹7 billion, up from ₹6.4 billion YoY, while revenue declined to ₹50.3 billion. EBITDA rose to ₹8.51 billion, with the margin expanding sharply to 16.93% from 13.36%, reflecting improved cost efficiency despite topline pressure.

Torrent Pharmaceuticals

Torrent Pharmaceuticals is trading at ₹4,872.10 (down 0.13% on the day) Torrent Pharma reported a 3% YoY rise in consolidated net profit to ₹566 crore for Q1, while revenue jumped 55% to ₹4,921 crore driven by the JB Pharma amalgamation. Operational EBITDA grew 61% to ₹1,664 crore. The company completed the listing of 4.19 crore shares from the JB Chemicals merger on July 28.

Honda India Power Products

Honda India Power Products is trading at ₹2,114.60 (down 0.24% on the day) Honda India Power Products delivered strong Q1FY27 results with revenue rising 22% to ₹189.25 crore and net profit increasing 17% to ₹11.10 crore. Export revenue surged 269% YoY, driving margin expansion. The company also announced a CFO transition, with Sameer Jain replacing Vinay Mittal.

Garden Reach Shipbuilders

Garden Reach Shipbuilders is trading at ₹2,586.20 (slipping 1.52% on the day) GRSE won a ₹1,032.07 crore confirmed work order from ONGC for four Platform Supply Vessels, dwarfing its Q1 total order inflow. The Navratna PSU posted Q1FY27 revenue of ₹1,814.6 crore (+38.5% YoY) and PAT of ₹172.8 crore (+43.8% YoY). The company plans aggressive bidding and AI adoption to sustain growth.

Bottom Line

Defence stocks are commanding attention with massive order inflows from HAL and ONGC, signaling sustained government capex support. Meanwhile, Swiggy’s break-even milestone in quick commerce offers a rare positive signal in the consumer tech space, suggesting operational maturity is finally translating into profitability.