Earnings season is keeping traders busy this Wednesday, with a clutch of companies reporting overnight results. Netweb Technologies surges 7.8% as AI-driven revenue explodes, while Xpro India jumps 7.6% on volume gains. Meanwhile, ITC slips 1.4% as cigarette revenue faces headwinds. Here's what's moving.

Maruti Suzuki

Maruti Suzuki is trading at ₹14234.0 (up 0.32% on the day). The automaker reported record domestic sales of 200,123 units in July 2026, driving total sales to 241,421 units. Production also jumped to 248,845 vehicles, with the compact segment leading passenger car output. Despite a 10.8% drop in Q1 net profit due to margin compression from rising material costs, management sees supply-side headroom for around 10% growth.

Dr. Reddy's Laboratories

Dr. Reddy's Laboratories is in focus following mixed regulatory and legal developments. The company secured U.S. FDA approval for its Rituximab biosimilar, strengthening its global biologics portfolio. However, the FDA also issued a Form 483 after inspecting the Srikakulam facility, citing compliance observations. Additionally, law firm Levi & Korsinsky is investigating potential securities violations related to semaglutide provisions and margin guidance.

Glenmark Pharmaceuticals

Glenmark Pharmaceuticals is rallying at ₹2233.9 (up 1.99% on the day). The pharma major posted a massive 925% YoY surge in Q1FY27 consolidated net profit to ₹4.83 billion, driven by higher net sales and operational efficiencies. EBITDA margins expanded to 19.51% from 17.78%, aided by the absence of exceptional losses seen in the prior year. The company also launched Sugammadex Injection in the US hospital segment.

Clean Max Enviro

Clean Max Enviro is surging at ₹1335.6 (up 2.03% on the day). The utility player achieved a significant financial turnaround in Q1FY27, with consolidated PAT turning positive at ₹552 million compared to a loss in the prior year. Revenue doubled to ₹8,322 million, fueled by 403 MW of new capacity commissions and high demand from Data & AI clients. The company also approved a scheme to amalgamate four wholly owned subsidiaries to streamline operations.

Blue Dart Express

Blue Dart Express is ticking up at ₹5160.3 (up 2.67% on the day). The logistics firm posted a strong Q1FY27 with standalone net profit surging 84% to ₹866.8 crore. Consolidated EBITDA more than doubled to ₹2.6 billion, with margins expanding sharply to 15.76% from 6.95% YoY. Revenue grew to ₹16,577.2 crore, and the board declared a dividend of ₹25 per share.

Xpro India

Xpro India is rallying at ₹1500.4 (up 7.58% on the day). The industrial products maker posted a strong Q1FY27 performance with PAT rising 127.9% YoY to ₹9.8 crore. Revenue grew 20.4% to ₹174.4 crore, supported by volume growth of 9% that outpaced industry growth. EBITDA margins expanded to 9.33% from 4.74%, aided by new capacity additions and customer onboarding.

Gujarat Ambuja Exports

Gujarat Ambuja Exports is slipping at ₹172.11 (down 0.28% on the day). The agri-exporter posted a strong Q1FY27 performance with standalone net profit jumping 171% YoY to ₹176.93 crore. This was driven by a 23.4% rise in revenue to ₹1,594.27 crore and EBITDA margin expansion to 14.55%. The Maize Processing Division was the key growth driver, with segment results surging significantly. The company also fixed August 28 as the record date for a ₹0.30 dividend.

Gretex Corporate Services

Gretex Corporate Services is retreating at ₹520.55 (down 0.34% on the day). The capital markets firm reported a strong Q1FY27 performance with consolidated net profit surging to ₹12.8 crore from ₹0.96 crore YoY. Revenue rose 68% to ₹38.1 crore, while EBITDA jumped to ₹171 million, driving the EBITDA margin to 45.66% from 8.28% in Q1FY26.

Indian Oil Corporation

Indian Oil Corporation is flat at ₹140.17 (up 0.16% on the day). The PSU oil marketer reported a standalone net loss of ₹2,661.37 crore in Q1FY27, reversing a profit in the previous quarter. EBITDA declined sharply to ₹2,560 crore with margins contracting to 0.93% from 8.90%. The company confirmed adequate crude supplies for 45 days and raised $500 million via a special forex facility.

Corona Remedies

Corona Remedies is up at ₹2098.8 (up 0.37% on the day). The healthcare firm reported strong Q1FY27 results with net profit rising 30.1% YoY to ₹60.1 crore. Revenue grew 21.9% to ₹422.4 crore, while EBITDA margin expanded to 22.04%. The company also inaugurated its EU-GMP approved Female Hormone Manufacturing Facility in Ahmedabad.

Netweb Technologies

Netweb Technologies is surging at ₹4524.0 (up 7.84% on the day). The IT services player reported record Q1 FY27 results with PAT surging 179.94% YoY to ₹853.23 million. Revenue rose 172.13% to ₹8,196.86 million, driven by the AI Systems segment which grew 484.20%. The company’s order book stood at ₹25,069.35 million, and shareholders approved fund raising via securities issuance.

ITC

ITC is slipping at ₹281.0 (down 1.42% on the day). The conglomerate’s Q1FY27 standalone PAT fell 27% YoY to ₹3,579 crore, missing estimates. The Cigarettes segment faced a 25% revenue drop due to tax hikes, while Agri business was impacted by trade disruptions. Conversely, the FMCG segment grew 12% YoY, and the Paper segment saw a 38% PBIT increase.

Sasken Technologies

Sasken Technologies is rallying at ₹1811.8 (up 3.72% on the day). The engineering R&D firm reported strong Q1FY27 results with consolidated PAT surging 135.1% YoY to ₹23.52 crore. Revenue rose 24.0% to ₹339.24 crore, and EBITDA margin expanded to 9.47% from 5.36%. Software Services grew 24.3% YoY, with total contract value booked at US$47.1 million.

Narayana Hrudayalaya

Narayana Hrudayalaya is slipping at ₹2029.2 (down 2.46% on the day). The healthcare provider posted a 77.6% surge in Q1FY27 consolidated revenue to ₹27,191.10 million, driven by UK business inclusion. However, EBITDA margin contracted to 17.50% from 23.93% due to higher professional fees and employee costs. Consolidated debt stood at ₹48,775.91 million as of June 30, 2026.

Bottom Line

The market is digesting a heavy batch of Q1 earnings, with IT and industrial stocks like Netweb and Xpro India rewarding investors with double-digit profit jumps. Meanwhile, traditional giants like ITC and Indian Oil face margin pressures, highlighting a divergence between high-growth sectors and cyclical heavyweights. Traders should watch for follow-through on the AI-driven rallies in tech names.