Bank posts Rs 604 crore Q1FY26 profit amid higher provisions, declining microfinance asset quality, and subdued core and non-core income
SHFL's Q1FY26 net rose 9% year-on-year with stable credit costs, strong disbursement trends and margin guidance of 8.5% by Q4 despite high liquidity on the balance sheet
Go Digit General Insurance reported Q1FY26 net profit of Rs 138 crore, up 37% year-on-year, with improved investment income and steady gross and net premium growth
The fall in profit can be attributed to the decline in PBIT in the Natural Gas marketing segment to ₹661.25 crore in Q1 FY26 from ₹2,056.58 crore in the same quarter last year
Private sector lender Indusind Bank on Monday reported a 72 per cent drop in its consolidated net profit for the June quarter at Rs 604 crore. Indusind Bank, which is reeling under a slew of issues stemming from alleged irregularities of the management in recognising bad loans and trading reverses, had reported a net profit of Rs 2,171 crore in the year-ago period. It had reported a loss of Rs 2,329 crore in the preceding March quarter, and the interim management, which has taken over operations of the business after the resignation of leadership including then chief executive Sumant Kathpalia, had said that all the possible impacts are recognised. Total income dropped to Rs 14,420.80 crore in the April-June quarter of FY26 compared to Rs 14,988.38 crore in the year-ago period. The lender's core net interest income also declined to Rs 4,640 crore during the reporting quarter against Rs 5,408 crore. Decline in fee and other income was relatively limited, with the overall number ...
Stock Market Highlights on Monday, July 28, 2025: Barring Nifty FMCG and Pharma, all other sectoral indices on the NSE settled in the red, with the Nifty Realty index being the top laggard
The growth is primarily backed by greenfield capacity addition of 4.9 GW, deployment of advanced RE technologies, superior plant performance and deployment of new capacities in resource-rich sites
Q1 FY26 company results, July 28: Bajaj Healthcare, Esaar India, IndusInd Bank, Piramal Pharma, and NTPC Green will also release their April-June quarter earnings reports today
Thus far in the month of July, Nifty India Defence index has underperformed the market by falling 12 per cent, as against 3.3 per cent decline in Nifty 50.
CarTrade Tech zoomed 13% in Monday's trading session after the company reported over 100 per cent surge in net profit.
The affordable housing finance sector has gained strong momentum over the past year, supported by proactive government measures and rising demand, the company said.
Laurus stock price outlook: Given the higher-margin profile of CDMO and operating leverage as new manufacturing assets ramp, brokerage firms expect sustained margin expansion.
Shriram Finance's share price was trading 3.52 per cent higher at ₹637.50 per share on the NSE
Private sector life insurers, including SBI Life, ICICI Prudential Life, and HDFC Life, see a moderation in ULIP business growth in Q1 FY26
Generics pipeline starts to pulse as Advair, Symbicort, and Abraxane prepare to hit the vein
India's top IT services firms delivered single-digit revenue growth in April-June, capping off a mixed, somewhat-sobering quarter as macroeconomic instability and geopolitical tensions weighed on global tech demand and delayed client decisionmaking. Management commentary painted a mixed picture, caution prevailed, yet industry CEOs also emphasised cost optimisation, vendor consolidation, and opportunities in AI makeovers. An overview of Q1 report cards of Indian IT giants shows year-on-year revenue growth ranging from 0.8 per cent (for Wipro) to 8.1 per cent (HCL Technologies). Axis Securities, while penning its results review on Infosys, noted that overall the business environment remains uncertain due to unresolved tariffs and geopolitical issues, prompting clients to be cautious with discretionary spending, and delaying decision-making. Nuvama Institutional Equities expects the demand environment to remain challenging for the next one-two quarters due to macro ...
Lodha Developers' sales bookings increased by 10 per cent year-on-year (YoY) to ₹4,450 crore during Q1 of this financial year
Stock markets are in for an event-heavy week ahead with a raft of Q1 earnings from blue-chips, the US Fed interest rate decision and foreign investors trading activity driving investors' sentiment, analysts said. Macroeconomic data announcements, monthly auto sales numbers and global market trends would also guide movement in the domestic equities, they said. Markets would also keep a track on developments related to the August 1 trade deal deadline and geopolitical tensions between Thailand and Cambodia. August 1 marks the end of the suspension period of Trump tariffs imposed on dozens of countries, including India. "The start of the new month will bring attention to key economic data, including Industrial Production (IIP) and HSBC Manufacturing PMI on August 1. Additionally, monthly auto sales figures will be closely monitored. The scheduled expiry of the July derivatives contracts may add further volatility to the markets," Ajit Mishra SVP, Research, Religare Broking Ltd, said.
Consumer durables maker Whirlpool of India Ltd on Saturday reported a marginal increase in its consolidated net profit to Rs 146.08 crore for the June 2025 quarter. The company had posted a net profit of Rs 145.25 crore during the April-June quarter of the previous fiscal, according to a regulatory filing by Whirlpool of India, a subsidiary of US-based Whirlpool Corporation. Its revenue from operations slipped 2.58 per cent to Rs 2,432.32 crore during the quarter under review. It was Rs 2,496.86 crore in the corresponding period of the previous fiscal. "Despite a very significant decline in industry of air conditioners and refrigerators in Q1 2025-26 versus a year ago due to a poor summer and onset of early monsoon that affected all players, Whirlpool was able to actually grow profits by keeping its volume decline minimal via continuing to gain market shares in the refrigerator and washer category in April-May," the company said in its earning statement. Whirlpool of India's total
The non-banking finance company (NBFC) reported an 8.8% year-on-year rise in standalone profit at ₹2,156 crore ($249.01 million) for the quarter ended June 30