Tata Communications, Nuvoco Vistas Rise on Strong Q1 Numbers; Indian Overseas Bank Dips Marginally

Market Overview

In a mixed trading session on Friday, shares of Tata Communications and Nuvoco Vistas posted notable gains, while Indian Overseas Bank (IOB) saw a marginal decline after reporting Q1 results for FY26.

Tata Communications Share Price Movement

Tata Communications shares ended the session at ₹1,766 per share, rising 1.99% on the NSE.

• Q1 FY26 Net Profit: ₹190.14 crore
• YoY Change: Down 43% from ₹332.93 crore
• Revenue from Operations: ₹5,959.85 crore
• YoY Growth: Up 6.5% from ₹5,592.32 crore

Despite the decline in profit, revenue growth contributed to the positive investor sentiment.

Nuvoco Vistas Share Price Surge

Nuvoco Vistas Corporation saw its shares hit a 52-week high of ₹417 per share, rising up to 9.26% intraday before settling with a 3% gain.

• Q1 FY26 Net Profit: ₹133.16 crore
• YoY Growth: Multi-fold rise from ₹2.84 crore
• Revenue from Operations: ₹2,872.70 crore
• YoY Growth: Up 9% from ₹2,636.48 crore

Strong growth in both profit and revenue helped boost investor confidence, driving the stock to new highs.

Indian Overseas Bank Share Price Dips

In contrast, Indian Overseas Bank shares dipped 0.10%, closing at ₹39.79 per share on the NSE, despite a sharp surge in quarterly net profit.

Financial Highlights – Q1 FY26:

• Net Profit: ₹1,111 crore
• YoY Growth: Up 76% from ₹633 crore
• Other Income: ₹1,480 crore
• YoY Growth: Up from ₹1,032 crore

Higher other income significantly supported the bank's profitability during the quarter.

Company Snapshot

Tata Communications

A global digital ecosystem enabler, Tata Communications continues to expand its service offerings despite short-term profitability pressure.

Nuvoco Vistas Corporation

Part of the Nirma Group, this building materials giant posted robust earnings and hit a 52-week high, reflecting its strong Q1 performance.

Indian Overseas Bank

The state-run lender demonstrated significant growth in profitability, largely driven by other income.

Conclusion

While Tata Communications and Nuvoco Vistas shares rallied on the back of their Q1 FY26 financial performance, Indian Overseas Bank experienced a modest decline despite posting a substantial jump in net profit. The market reaction underscores the differing investor expectations and sentiment surrounding each company.