The company posted earnings before interest, tax, depreciation and amortisation (EBITDA) of Rs 2,048 crore, down 38.5 per cent from Rs 3,330 crore in Q1 FY19.
Among stocks, JSW Steel gained 3.5 per cent to Rs 263.90 per share while Tata Steel was up 2.4 per cent to Rs 465.90 apiece. Mining major Vedanta was up 3.1 per cent as Hindalco gained by 2 per cent.
BSE S&P Sensex was up 222 points at 39,616 while the Nifty 50 jumped 61 points to 11,849. All sectoral indices except PSU bank at the National Stock Exchange were in the positive zone.
Domestic equity benchmark NSE Nifty and BSE Sensex on Thursday opened in red in early trade dragged down by tech stocks that declined after reports that the United States was mulling caps on H-1B work visas to deter data rules.
A fall in global crude oil prices and a stronger rupee boosted market sentiment despite weak Q4 GDP data last week. The Nikkei India Manufacturing Purchasing Managers' Index (PMI) rose to 52.7 in May from 51.8 in April, showing the strongest growth in three months.
According to the company, net profit in the quarter under review stood at Rs 1,795.6 crore as compared to the corresponding period of the previous fiscal.
The Sensex of the BSE opened at 38,672.63 and touched a high of 38,701.49 and a low of 38,52.28
Among the early gainers were Infosys, TCS, HCL Tech, Yes Bank, Bank of Baroda and Punjab National Bank.
The recently launched Harrier will leverage the IPL platform to showcase the SUV, engage fans and deliver memorable experiences to them, according to the IPL official website.
The Nifty of the National Stock Exchange (NSE) opened at 10,842.65 from it's previous close of 10,792.50. It traded at 10,850.65 during the morning trade session, up 58.15 points and 0.54 per cent.