Stocks to Watch: TCS, IREDA, ZEE, HUL, Tata Steel

Tata Consultancy Services (TCS) reported a 1.3% YoY revenue growth and a 3.1% YoY decline in constant currency terms in Q1FY26. Indian Renewable Energy Development Agency (IREDA) reported a 36% decline in standalone net profit for Q1FY26, while revenue from operations increased by 29% YoY. Avenue Supermarts, Emerald Finance, and Elecon Engineering are set to announce their quarterly results today, alongside Aditya Birla Money and Astonea Labs.

Tata Consultancy Services (TCS), India's largest IT services company by market capitalization, reported its Q1FY26 results on Thursday, showcasing a 1.3% year-over-year (YoY) increase in revenue despite macroeconomic challenges. The company's consolidated profit after tax (PAT) grew 6% to Rs 12,760 crore, surpassing street estimates of Rs 12,205 crore. The revenue stood at Rs 63,437 crore, a 1.3% YoY increase, but declined 1.6% quarter-on-quarter. In constant currency terms, revenue declined 3.1% YoY [1].

Key takeaways from TCS' Q1FY26 results include:
1. PAT Growth: PAT increased 6% YoY to Rs 12,760 crore.
2. Revenue Growth: Revenue rose 1.3% YoY to Rs 63,437 crore, but declined 1.6% quarter-on-quarter.
3. Segment Performance: The BFSI segment, which is the largest contributor to revenue, grew 1% YoY in constant currency terms. Consumer and healthcare verticals, however, lagged, with consumer business falling 3.1% YoY.
4. North American Market: The contribution from the North American market fell 2.7% YoY to 48.7%.
5. Headcount: The headcount stood at 613,069 with a net addition of 6,071 YoY.
6. Dividend Announcement: TCS announced an interim dividend of Rs 11 per share, with the record date set for July 16 and the payment date for August 4, 2025.

Meanwhile, the Indian Renewable Energy Development Agency (IREDA) reported a 36% decline in standalone net profit for Q1FY26. The company's net profit fell to Rs 247 crore from Rs 384 crore in the year-ago period. Revenue from operations improved to Rs 1,947 crore, a 29% YoY increase. The total expense rose to Rs 1,655 crore, up 60% from Rs 1,035 crore in the same period a year ago. IREDA's loan book increased to Rs 79,941 crore, and loan sanctions grew to Rs 11,740 crore [2].

Today, Avenue Supermarts, Emerald Finance, Elecon Engineering, Aditya Birla Money, and Astonea Labs are set to announce their Q1FY26 results.

References:
[1] https://m.economictimes.com/markets/stocks/earnings/tcs-q1-results-from-pat-revenue-to-dividend-here-are-9-key-takeaways/articleshow/122368254.cms
[2] https://www.financialexpress.com/business/industry-ireda-q1fy26-results-net-profit-falls-36-percentnbsp-3910081/