From Dhanuka Agritech’s biggest single-day fall since 2020 to Credo Brands declining the most since listing, and IIFL Finance’s 10% fall, these stocks were the biggest earnings accidents on Friday.
1 / 9Earnings accidents were aplenty on Friday, with stocks falling as much as 20% in reaction to their June quarter results that were either reported on Friday or after market hours on Thursday. Here is a look at the major earnings accidents from Friday’s trading session:
2 / 9Credo Brands | The parent company of the Mufti brand of jeans ended in a 20% lower circuit on Friday, marking its biggest single-day drop since listing. The stock is now down over 50% from its IPO price of ₹280. The company’s revenue during the quarter fell 3%, while margins narrowed by 100 basis points. The management attributed this to subdued consumption trends in tier-2 and tier-3 markets and also announced a transformation plan, where it will open 20-odd flagship premium stores in high-growth markets and close underperforming stores.
3 / 9Dhanuka Agritech | The stock saw its biggest single-day fall since March 2020, after declining over 14% on Friday. The company said that the quarter remained a challenging one for the Indian agrochem companies and that higher channel inventory also impacted sales.
4 / 9IIFL Finance | The stock saw its biggest single day fall on Friday since March 2024 after declining 11%. This also turned out to be the worst week for the stock since March 2024. The stock has declined in seven out of the last eight trading sessions. In its earnings call on Thursday, the company raised its full-year credit-cost guidance to 3% from 2.5% to 2.7% earlier. The management also said that the first quarter was worse than expected in terms of credit costs, mainly in MSME and MFI segment. Jefferies downgraded IIFL Finance to “hold” with a target of ₹465, cutting its EPS estimates for financial year 2026 and 2027 by 12% and 7% respectively.
5 / 9Graphite India | The stock fell 8% after its June quarter EBITDA fell 61% from last year. Margins fell 9 percentage points to just 6.5%. In-line with Graphite, HEG shares also fell 7%.
6 / 9RR Kabel | The stock fell over 7% despite its June quarter EBITDA rising 50% and revenue growing 14%. The numbers though, were lower on a sequential basis. The management, in an interaction with CNBC-TV18 said that they are confident of meeting their guidance numbers for the year.
7 / 9UPL | The stock fell 6.6% despite net loss narrowing. Impairment costs increased from last year. Net debt was lower year-on-year but increased significantly from the March quarter. The FY26 revenue and EBITDA growth guidance was maintained.
8 / 9GSK Pharma | The stock fell over 7% even after a steady operating performance. The management attributed the decline in revenue to seasonal factors. The general sentiment around the Pharma sector on Friday also impacted the stock. Margins during the quarter expanded by 300 basis points year-on-year.
9 / 9Other stocks like Niva Bupa (Down 7%), Prudent Corporate Advisory Services (Down 7.7%), Kirloskar Brothers (Down 5%), were also some of the earnings casualties on Friday.
