Shares dip after mixed quarterly earnings

Astra Microwave Products, Info Edge, Jain Irrigation, and Amara Raja Energy & Mobility experienced significant share price fluctuations following the release of their June quarter financial results.

Profit drops drag Astra Microwave down 9%

Astra Microwave’s stock declined sharply by 9% to ₹1,673.50 after the company reported a 24.15% year-over-year decline in net profit, which fell to ₹12.34 crore for the June quarter. Revenue from operations also declined to ₹176.66 crore from ₹199.72 crore in the corresponding quarter last year, the company informed stock exchanges on August 10.

Info Edge jumps 6% on strong earnings growth

Info Edge’s stock rose by 5.52% to ₹1,298 after the company reported a 50.62% year-over-year increase in consolidated net profit, reaching ₹446 crore. Net sales for the quarter grew by 11.4% to ₹881 crore. Billings grew 17.5% year-over-year, led by Recruitment B2B. The company said Naukri B2C and Job Hai continued to expand, while the business maintained its high-margin profile.

Jain Irrigation slides on polymer price swings

Jain Irrigation’s shares declined after the company reported a 29.4% year-over-year drop in cash profit, which fell to ₹55.90 crore for the June quarter. Total income slipped 2.4% to ₹1,508.40 crore from ₹1,545.60 crore year-over-year. The company said its performance was hit by volatility in polymer prices and the timing of the monsoon, which led to some customer purchases in the domestic pipe and drip businesses moving into subsequent periods.

Vice Chairman and Managing Director Anil Jain said business momentum improved progressively through May and June and the company was successful in passing on higher costs of raw materials. He said the outlook ahead is positive, with polymer prices stabilizing and improved rainfall expected to strengthen agricultural demand in the coming months. Jain reiterated the company’s confidence in delivering double-digit revenue growth in FY27 and maintained EBITDA margin guidance of around 14% on a standalone basis and 12.5% on a consolidated basis.

Amara Raja’s profit rises, but shares dip

Amara Raja Energy & Mobility reported a net profit increase to ₹190.94 crore for the June quarter, up from ₹164.80 crore in the same period last year, while revenue from operations advanced to ₹4,214.54 crore from ₹3,401.08 crore. The stock fell 3.84% to ₹896.35.