NET PROFIT
Regional rural banks told to speed up tech adoption
Regional rural banks are urged to accelerate modern technology adoption and digital services. Their net profit reached an all-time high of ₹10,176 crore in FY26. Sponsor banks must handhold RRBs in strengthening their IT infrastructure. The total business of all 28 RRBs has now crossed ₹13.5 lakh crore.
Regional Rural Banks post all-time high net profit of Rs 10,176 crore in FY25-26; total business crosses Rs 13.5 lakh crore
Regional Rural Banks (RRBs) reported a record consolidated net profit of ₹10,176 crore in FY26, up from ₹6,820 crore a year earlier, while their total business crossed ₹13.5 lakh crore, the Finance Ministry said.
Block deal ahead! Ribbit Capital likely to offload 1.6% stake in Groww for Rs 1,914 crore
Groww may see a Rs 1,914 crore block deal as investor Ribbit Capital reportedly plans to sell around 1.6% stake at Rs 195 per share. Groww shares rose 3.33% Tuesday, while strong Q1FY27 earnings showed robust profit and revenue growth.
Hindustan Zinc shares fall 3% on reports of fresh government stake sale via OFS
Hindustan Zinc shares dropped on Tuesday after expectations of a fresh government stake sale through an OFS resurfaced following the Hindustan Copper stake sale. The government is reportedly considering selling around 1.5% of Hindustan Zinc, which could raise Rs 3,500-4,000 crore. The stock has declined nearly 3% in 2026.
Axis Bank bets on data centres to gold loans to outpace industry credit growth
Axis Bank expects credit growth to exceed industry averages this fiscal year. Strong demand stems from corporate sectors and retail borrowers seeking gold loans. This credit boom is projected to boost the bank's overall earnings significantly. Axis Bank is also preparing key businesses for potential public listings. The bank aims for sustained credit growth while managing lending margins effectively.
Lead School targets 20% growth in FY27, eyes IPO in 2-3 years
On going for an IPO, Mehta said the company continues to receive approaches from investment bankers but wants to first reach a larger revenue and profitability base. “Between FY28 and FY29 we will be in a good place,” he claimed.
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Banks told to have stricter norms for eligibility of forensic auditors
Banks are tightening their forensic auditor empanelment framework. This action follows Enforcement Directorate observations against two audit firms. Two audit firms have been de-empanelled from the Agencies for Specialised Monitoring list. Lenders will review the framework for empanelling audit firms further. Public sector banks reported a record net profit in FY26.
Infosys Q1 bonus payout averages 70%, down 10 percentage points from a year ago
During the April-June quarter, Infosys maintained an average performance bonus of 70%, consistent with the previous quarter but lower than the previous year. Notably, employees in job levels four and five received marginally higher bonuses. The broader technology sector is currently grappling with reduced spending and economic uncertainty, creating apprehension among employees who are now seeking clarification on annual salary hikes.
More cars, thinner margins: Why rising sales aren’t boosting automakers’ profits
Indian car makers see strong sales volumes, but profits are declining. Rising commodity prices and currency shifts are impacting manufacturer margins. Maruti Suzuki's profits fell despite record sales, showing margin erosion. Tata Motors and Hyundai also reported lower profits due to cost pressures. Automakers are investing heavily in new technologies and plants, affecting current earnings.
Growth broadens across India Inc: What an 8-quarter earnings review reveals about sectors, risks and returns
ET Wealth presents an 8-quarter earnings assessment report of various sectors. The year-on-year net profit growth for 18 sectors is presented in the table. The significant variations in the earnings growth highlight the importance of sector diversification for managing risks and returns. By Sameer Bhardwaj.
Apollo Tyres shares jump over 6% after UBS upgrades stock to Buy from Neutral. Here’s why
Apollo Tyres shares surged after UBS upgraded the stock to Buy and raised its target price to Rs 590. The brokerage sees earnings recovery potential, supported by improving India and Europe prospects, despite near-term rubber cost pressures. Strong Q1 revenue growth and reduced exceptional losses also supported the positive outlook.
Can Symbiotec Pharmalab IPO deliver long-term growth for high-risk investors?
Symbiotec Pharmalab plans a ₹150 crore IPO to repay debt and expand operations. The company holds a global leadership position in corticosteroid and steroidal-hormone APIs. Its revenue primarily comes from international markets, with Europe being a significant contributor. Financials show steady revenue and EBITDA growth over recent years. Investors with a high-risk appetite may consider this long-term opportunity.
Can Skyways Air Services IPO deliver long-term growth for high-risk investors?
Skyways Air Services plans a ₹399 crore IPO to repay debt and fund working capital. The company's promoter stake will decrease significantly after the initial public offering. Revenue and profits have shown strong annual growth between FY24 and FY26. Skyways Air Services has been the leading air freight forwarder for four years. The issue is recommended for long-term investors with high risk tolerance.
Aditya Infotech rebounds on fundraise plans; analysts see up to 20% upside
The shares of Aditya Infotech have made a notable recovery after a recent equity raise focused on enhancing capacity. However, the company is grappling with high electronic component prices that are squeezing profits. On a positive note, the introduction of new STQC norms is expanding the market opportunities for Indian manufacturers.
Pine Labs to step up agentic commerce investments: CEO Amrish Rau
Pine Labs has developed P3P, an autonomous payment protocol built on the Unified Payments Interface (UPI), under which buyer and seller agents can transact within regulatory guardrails.
Can Augmont Enterprises IPO deliver long-term growth for high-risk investors?
Augmont Enterprises plans a ₹620 crore IPO to fund working capital needs. The company's promoter stake will decrease significantly after the initial public offering. Over ninety percent of revenue originates from the Augmont SPOT platform, indicating concentration. Financials show strong growth, but a cash flow deficit occurred in FY26. Investors with a high-risk appetite may consider this initial public offering.
Hindustan Zinc shares jump 7% in two sessions. What’s triggering the rally?
Hindustan Zinc shares rose 4% as silver prices climbed for a third straight session, taking the stock’s two-day gain to 7%. The company, one of the world’s leading silver producers, continues to benefit from strong fundamentals and a favourable outlook for the metal. Its Q1 FY27 net profit surged 145% YoY to Rs 5,469 crore, while margins improved.
Pharmeasy-parent’s loss narrows in Q1, revenue up 10%
API Holdings, parent of PharmEasy and Thyrocare, narrowed its Q1 FY27 loss to Rs 29.6 crore from Rs 145.4 crore a year earlier, while revenue grew 10% to Rs 1,754 crore. Ebitda turned positive at Rs 39.3 crore. The company also became debt-free after repaying Rs 1,050 crore.
Can Tempsens IPO deliver long-term growth for high-risk investors?
Tempsens Instruments plans a ₹650 crore IPO to fund expansion and debt repayment. The company manufactures specialized temperature sensing and electrical heating solutions for global markets. Its revenue grew significantly between FY24 and FY26, showing strong financial performance. Tempsens holds a leading market share in various temperature sensor segments in India. Investors with a high-risk appetite may consider this offering for long-term growth.
INDO-MIM shares hit 10% upper circuit as Q1 net profit rises 32% YoY
Indo-MIM shares surged after the newly listed precision components maker reported a 31.6% year-on-year rise in Q1FY27 consolidated net profit to Rs 240.12 crore. The stock also touched a fresh 52-week high during early trade.
Strong earnings propel mid- and small-cap stocks to a significant rally on D-St
Mid and small-cap firms achieved their sharpest revenue growth in sixteen quarters. Aggregate revenue climbed twenty percent, and operating profit rose twenty-seven percent. Net profit surged twenty-three percent, marking a second quarter of double-digit growth. Small-cap companies reported even stronger net profit jumps of forty-two percent. These robust results fueled significant gains in their respective stock indices.
Sebi tightens mutual fund sponsor disclosure norms
Sebi is enhancing transparency in the mutual fund industry by requiring comprehensive disclosures from fund sponsors. The new single application form simplifies the registration for new funds, compelling sponsors to elaborate on their ownership structures, financial stability, and governance practices. Moreover, this revised process mandates compliance with established eligibility criteria and experience norms, ensuring a more robust foundation for mutual fund establishments.
India Inc clocks strongest revenue growth in 9 quarters; margins squeezed by rising costs
In the June quarter, Indian companies celebrated remarkable revenue growth, reaching a nine-quarter high. Despite this, profits grew by only eleven percent, largely due to rising input costs. Key sectors such as auto, banking, metals, and pharma played a pivotal role in this expansion. Notably, small and midcap firms showcased impressive earnings per share. Looking ahead, revenue is anticipated to gain momentum from upcoming festivals and premiumization strategies.
Schneider Electric Infrastructure shares tumble 12% after Q1 profit plunges 70% YoY
Schneider Electric Infrastructure shares fell sharply on Monday after Q1FY27 net profit plunged 70% YoY to Rs 12 crore despite a 5% rise in revenue. EBIT also declined sharply, while record quarterly order intake of Rs 915 crore and a 32.7% rise in order backlog offered some comfort.
JMJ Fintech Q1 net profit rises 72.48% to ₹1.97 crore; AUM surges 82%
JMJ Fintech reported a 72.48% year-on-year net profit increase to ₹1.97 crore. Assets under management rose 82.11% compared to the previous financial year. The company launched a new technology-driven lending platform called Money bro. This platform aims to make borrowing faster and more convenient for customers. JMJ Fintech plans to leverage technology for accelerated expansion across India.
Stocks in news: Cochin Shipyard, Voltas, Patanjali Foods, and PhysicsWallah
Indian stock markets experienced a range-bound week with minor losses for Sensex and Nifty. Analysts are watching four key factors that will influence Dalal Street's action this week. Cochin Shipyard reported a profit decline, while Voltas saw a significant profit surge. Patanjali Foods and Kwality Wall's also posted profit increases. PhysicsWallah narrowed its net loss, and NMDC reported a profit rise.
Awfis Space Solutions Q1 profit jumps over 2-fold YoY to Rs 24cr, revenue rises to Rs 449cr
Awfis Space Solutions has announced a remarkable uptick in its financial performance for the June quarter, with consolidated net profit skyrocketing to Rs 23.93 crore, more than double compared to the previous year. During the same timeframe, total income surged to Rs 448.87 crore. Operating 251 coworking centres across eighteen cities, the company boasts a robust portfolio occupancy rate of seventy-six percent.
Amagi net profit surges 8x to Rs 34 crore in Q1
Expenses rose nearly 23% YoY in the quarter to Rs 414 crore, much slower than the 32% revenue growth. Employee costs rose 16% to Rs 206.4 crore, while other expenses rose 31% to Rs 200.7 crore.
Foxconn posts quarterly profit surge on AI server demand
The company said net profit for April-June reached NT$59.97 billion ($1.86 billion), up 35% from the previous year. Foxconn, whose official name is Hon Hai Precision Industry, has gone beyond assembling low-margin iPhones to making AI servers for US tech giant Nvidia, along with electric vehicles and robots.
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