PNGS Reva Diamond Jewellery gains as Q4 revenue surges over twofold

by Hansraj Agrawal | Apr 6, 2026 | Share Market

PNGS Reva Diamond Jewellery added 2.84% to Rs 359.90 after the company’s revenue from operations (including gold sales) surged 139.07% to Rs 138.2 crore in Q4 FY26, compared with Rs 57.81 crore in Q4 FY25.

Revenue growth excluding gold sales stood at 96.90% YoY in Q4FY26, reflecting the companys strength as a diamond jewellery retailer, supported by increased consumer demand, healthy volume growth and newly formed strong brand affinity.

The company recorded revenue of Rs 7.0 crore during Gudhi Padwa, compared with Rs 2 crore recorded in the previous year, reflecting a strong growth of 2.5x. During Valentines Day, the company witnessed strong sales, contributing meaningfully to the overall quarterly performance.

During March 2026 company launched one new (company-owned company-operated) COCO store and one new (shop-in-shop) SIS store, taking the total store count to 36 (2 COCO stores and 34 SIS stores as of 31-March-2026) compared to 33 SIS Stores as of 31-March-2025.

On outlook front, the company said that it remains focused on driving growth through a calibrated store expansion strategy, with plans for the roll-out of around 15 COCO stores over the next 24 months from IPO date out of which 1 store was opened in March 2026. The expansion will be supported by the deployment of IPO proceeds towards store capex, inventory and brand-building initiatives.

Additionally, the company said it will continue to pursue SIS (shop-in-shop) arrangements with promoter group stores, which is expected to support passive growth alongside the planned expansion of 15 exclusive brand outlets (EBOs).

PNGS Reva Diamond Jewellery is a focused diamond jewellery retailer backed by the legacy of the P N Gadgil & Sons Group. The company currently operates across 36 locations, comprising a mix of SIS (Shop-in-Shop) formats and COCO stores, with a strong presence in Maharashtra and a growing footprint in select markets, supported by its established brand recall, strong management, sourcing capabilities and domain expertise in studded jewellery.

The companys consolidated net profit stood at Rs 23.11 crore in Q3 FY26, rising over 12 times from Rs 1.83 crore in Q3 FY25. Revenue from operations jumped nearly 22 times to Rs 144.18 crore in Q3 FY26 from Rs 6.65 crore a year ago.

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TMPV gains as JLR Q4 wholesale volumes surge 61% QoQ

by Hansraj Agrawal | Apr 6, 2026 | Share Market

Tata Motors Passenger Vehicles (TMPV) rose 1.02% to Rs 306.50 after the company’s arm, Jaguqar Land Rover (JLR)’s Wholesale volumes increased 61.1% in Q4 FY26, compared to Q3 FY26, supported by recovery in production operations.

Wholesale volumes for the fourth quarter were 95,300 units (excluding the Chery Jaguar Land Rover China (CJLR) JV), down 14.5% year-on-year, reflecting ongoing challenges in certain markets and the planned wind down of legacy Jaguar models ahead of new Jaguar launch.

Compared to the prior year, wholesale volumes for the fourth quarter were down in all markets, aside from Europe, which was up 4.1%. Volumes were lower in the UK (-23.1%), North America (-19.0%), China (-29.8%), Overseas (-7.9%) and MENA (-2.4%).

The overall mix of Range Rover, Range Rover Sport and Defender models was 77.1% of total wholesale volumes in Q4 FY26, up from 66.3% in Q4 FY25 and up from 74.3% in the prior quarter.

Retail sales for the fourth quarter of 92,700 units (including CJLR) were down 14.3% year-on-year but up 16.2% compared to Q3 FY26. Compared to the prior year, retail volumes for the fourth quarter were down in all markets, with the UK down 2.9%, North America down 13.8%, Europe down 6.4%, China down 34.6%, Overseas down 16.2% and MENA1 down 29.6%.

On an annual basis, wholesale volumes for FY26 stood at 307,900 units, down 23.2% compared to FY25. Retail volumes for FY26 were 352,300 units, declining 17.8% year-on-year. For the full year, the combined mix of Range Rover, Range Rover Sport, and Defender models increased to 76.5%, up from 67.8% in the previous year.

JLR will report its fourth quarter and full year results for the period ended 31 March 2026 in May 2026.

Tata Motors Passenger Vehicles (formerly Tata Motors), part of the $180 billion Tata Group, is one of Indias leading automobile manufacturers, offering a diverse portfolio of cars and SUVs renowned for their design, safety, and performance.

The company reported consolidated net loss of Rs 3,486 crore in Q3 FY26 compared with net profit of Rs 5,406 crore in Q3 FY25. Revenue from operations fell 25.81% YoY to Rs 69,605 crore during the quarter.

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Vikran Engineering surges after bagging LoAs worth Rs 531 crore

by Hansraj Agrawal | Apr 6, 2026 | Share Market

Vikran Engineering jumped 8.79% to Rs 60.25 after the company announced that it has received two major letters of award (LoA) aggregating to Rs 530.80 crore from Maharashtra State Electricity Distribution Co. (MSEDCL).

The Maharashtra State Electricity Distribution Company is a Government of Maharashtra undertaking.

These contracts are for undertaking distribution infrastructure strengthening works in the Nashik and Kolhapur zones under the ADB-funded power distribution enhancement program.

The Nashik package is valued at Rs 235.63 crore, while the Kolhapur package stands at Rs 295.17 crore.

The scope includes end-to-end EPC execution covering survey, design, engineering, supply, installation and commissioning of distribution infrastructure, including new substations, transmission lines, transformer augmentation, underground cabling and GIS-based asset mapping.

Both projects are to be executed on a turnkey basis with a completion timeline of 21 months from the respective award dates.

Rakesh Markhedkar, chairman and managing director, Vikran Engineering, said: “These two LoAs from MSEDCL under the ADB-funded program are a strong validation of our technical capabilities and our consistent execution track record in large-scale power distribution infrastructure.

Winning both the Nashik and Kolhapur Zone packages through competitive national bidding is a clear vote of confidence in our engineering depth and project management capabilities.”

Vikran Engineering provides end-to-end services from conceptualization, design, supply, installation, testing, and commissioning on a turnkey basis and has a presence across multiple sectors, including power, water, and railway infrastructure.

The company had reported a 37.9% decline in standalone net profit to Rs 20.91 crore on a 0.5% rise in net sales to Rs 266.46 crore in Q3 FY26 as compared with Q3 FY25.

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TVS Motor jumps on bullish brokerage call

by Hansraj Agrawal | Apr 6, 2026 | Share Market

TVS Motor Company rose 2.42% to Rs 3472.60 after a foreign brokerage upgraded the stock to ‘Buy’ from ‘Neutral’, citing strong growth visibility and improving fundamentals.

The brokerage has set a target price of Rs 4,100, implying an upside potential of about 18% from current levels. It highlighted superior volume visibility for the company compared to peers, driven by upcoming premium product launches across motorcycles and global brands.

The brokerage expects TVS Motor to deliver volume growth of 14%, 11% and 10% over FY27 to FY29, outpacing broader industry growth estimates. It also pointed to the companys ability to pass on input cost pressures and benefit from margin tailwinds, including gains from the production-linked incentive (PLI) scheme.

Electric vehicle growth remains a key driver, with the company expected to see improving profitability in its EV segment. A strong pipeline of premium launches and continued focus on product mix are seen supporting earnings growth.

The upgrade comes alongside robust operating momentum. TVS Motor reported a 25% YoY increase in total sales for March 2026 at 5.19 lakh units, led by strong growth across segments. Electric vehicle sales surged 44% YoY during the month.

However, risks flagged include commodity price volatility, regulatory changes and rising competition in the electric two-wheeler segment.

TVS Motor Company is a reputed global manufacturer of two-wheelers and three-wheelers, with four manufacturing facilities located in India and Indonesia.

The companys standalone net profit jumped 52.04% to Rs 940.37 crore on a 37.14% jump in revenue from operations to Rs 12,476.26 crore in Q3 FY26 over Q3 FY25.

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Hi-Tech Pipes gains as Q4 FY26 sales volumes jumps 27%

by Hansraj Agrawal | Apr 6, 2026 | Share Market

Hi-Tech Pipes added 2.42% to Rs 79.06 after its sales volumes for Q4 FY26 rose approximately 27% to 1,47,125 MT, compared with 1,16,032 MT in the same quarter last year.

Sequentially, volumes increased around 8% from 1,36,067 MT recorded in Q3 FY26.

For the full year FY26, the company reported total sales of 5,32,437 MT, up about 10% from 4,85,447 MT in FY25.

The volume growth was driven by strong demand across the companys ERW steel pipe and tube segments, supporting its ongoing expansion in both domestic and industrial markets.

Ajay Kumar Bansal, managing director (MD), Hi-Tech Pipes, said: We are pleased to report a strong operational performance in Q4FY28, with sales volume increasing by approximately 27% YoY to 1,47,125 MT and 8% sequentially over Q3FY26, marking the highest ever quarterly sales volume achieved by the Company.

For the full year FY26, the company recorded a sales volume of 5,32,437 MT, reflecting a growth of around 10% over FY25 and achieving the highest ever annual sales volume. This performance underscores our focus on operational efficiency, capacity utilization, and strengthening market presence. We remain optimistic about the demand outlook and are well-positioned to sustain this growth momentum going forward. ”

Hi-Tech Pipes is one of the leading steel tubes and pipes manufacturers in India. It provides innovative products for nearly four decades with a strong presence in steel pipes, hollow sections, tubes, cold rolled coils & strips, road crash barriers, solar mounting structures, GP/GC Sheets, color coated coils and a variety of other galvanised products.

Hi-Tech Pipes has reported 14.2% fall in consolidated net profit to Rs 17.38 crore despite a 24.6% increase in net revenue from operations to Rs 1,069.58 crore in Q3 FY26 as compared with Q3 FY25.

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Aurobindo Pharma unveils share buyback plan worth Rs 800 crore

by Hansraj Agrawal | Apr 6, 2026 | Share Market

The drug maker said its board has approved a share buyback of up to Rs 800 crore at a price of Rs 1,475 per equity share through the tender offer route.

The company plans to repurchase up to 54,23,728 fully paid-up equity shares, representing about 0.93% of its total paid-up equity capital. The buyback size corresponds to 3.93% and 2.62% of the company’s aggregate paid-up equity share capital and free reserves based on its standalone and consolidated financial statements as at March 2025, respectively.

The buyback will be undertaken on a proportionate basis from all eligible shareholders, including promoters and members of the promoter group, in accordance with applicable regulations.

As per the latest available shareholding data, promoters and promoter group entities hold a 51.82% stake in the company.

The board has fixed 17 April 2026 as the record date to determine the eligibility of shareholders entitled to participate in the buyback.

The company also constituted a buyback committee to oversee and execute the process. It noted that the buyback price may be increased and the number of shares reduced, subject to regulatory provisions, without altering the overall buyback size.

Further details, including timelines and the offer process, will be released in due course as part of the public announcement and letter of offer.

Aurobindo Pharma is principally engaged in the manufacturing and marketing of active pharmaceutical ingredients, generic pharmaceuticals, and related services.

The companys consolidated net profit rose 7.6% to Rs 910.29 crore on a 9% increase in net sales to Rs 8,604.51 crore in Q3 FY26 over Q3 FY25.

Shares of Aurobindo Pharma were currently down 0.26% to Rs 1,332.45.

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