In today’s trade, shares of RIL, IDFC First Bank, Paytm, Sun Pharma, Manappuram Finance among others will be in focus due to various news developments and fourth quarter results.
IDFC First Bank
IDFC First Bank on Friday reported a standalone net profit at Rs 319 crore in the March-ended quarter versus Rs 304 crore in the year ago period, implying a 5% uptick. The Bank earned an interest income of Rs 10,553 crore in the quarter under review which was up 12% from Rs 9413 crore reported in the year ago period.RIL
Mukesh Ambani-owned Reliance Industries Ltd (RIL) on Friday reported a 13% year-on-year (YoY) decline in its consolidated net profit at Rs 16,971 crore in the fourth quarter. The same stood at Rs crore in the year-ago quarter. Revenue from operations in the reporting period increased 13% YoY to Rs 2.98 lakh crore.
Axis Bank
Axis Bank on Saturday reported a standalone net profit at Rs 7,071 crore in the March-ended quarter versus Rs 7,118 crore in the year ago period, implying a marginal drop of 0.64%. The private lender earned an interest income of Rs 32,724 crore in Q4FY26, which was up by 4.7% over Rs 31,243 crore posted by the company in the corresponding quarter of the previous financial year.
Paytm
RBI said on Friday it has cancelled the banking licence issued to Paytm Payments Bank Limited, more than two years after the regulator imposed business curbs over violations, including lapses in customer due diligence. Backed by One 97 Communications, which once counted China’s Ant Group and Japan’s SoftBank as investors, Paytm had obtained a limited banking license in August 2015 that allowed it to take small deposits but not give out loans.
Sun Pharma
India’s most valuable drug maker Sun Pharmaceutical Industries is set to make its biggest and most ambitious overseas acquisition till date, a near $12.5 billion acquisition of New Jersey-based Organon & Co., ET reported. This will also be the largest overseas purchase by an Indian company after Corus was taken over by Tata Steel in April 2007.
NTPC
As part of its energy diversification plan, state-owned NTPC is looking to set up two nuclear units of 700 MW each in the Banka district of Bihar, which could entail an investment of around Rs 25,000 crore.
Coal India
State-owned Coal India Ltd is planning a comprehensive 10-year roadmap to slash the current 243 MT coal import volume through ramped-up domestic production, coal quality upgrades, and logistics cost parity.
Adani Green
Adani Green plans to invest about Rs 15,000 crore to add more than 10 gigawatt-hours (GWh) of battery energy storage capacity in the current financial year, as it pivots towards delivering reliable, dispatchable clean power amid India’s accelerating energy transition.
Hindustan Zinc
Hindustan Zinc is set to announce the next leg of its growth plan by July-August, chief executive officer Arun Misra said. Discussions for a demerger may also be back on the table after the demerger of its parent company Vedanta is completed, he said.
HPCL
Hindustan Petroleum Corporation Limited (HPCL) said that restoration work at the HPCL Rajasthan Refinery Limited (HRRL) is underway and is expected to be completed within the next 3-4 weeks following the fire incident earlier this month, according to an update shared on its official X account.
Manappuram Finance
Sebi has issued an administrative warning to Manappuram Finance Chairman and Managing Director, VP Nandakumar, for delayed disclosure of share pledge transactions, the company said in a regulatory filing on Saturday. The warning was issued via a letter dated April 24 related to a delay in disclosure of pledge of shares by the NBFC’s CMD in his personal capacity for transactions carried out between September 21 and September 24, 2018.
IndusInd Bank
Private lender IndusInd Bank reported a standalone net profit of Rs 533 crore in the fourth quarter, compared with a loss of Rs 2,236 crore in the previous year quarter. However, on a sequential basis, profit fell 67% from Rs 1612 crore posted in the preceding December quarter.