Q4 Results 25th Apr Live: AXIS Bank, IDFC First Bank, India Cements, RBL Bank, SBFC Finance, UCO Bank to announce Q4 results

Quarterly results

Lodha Developers bets on data centres and low leverage as it targets sustained growth after record FY26

Lodha Developers bets on data centres and low leverage as it targets sustained growth after record FY26

Lodha Developers targets sustained growth through data centres and low leverage after achieving record profits in FY26.

Quarterly results

Can Fin Homes posts 31% jump in Q4 profit, full-year earnings cross ₹1,000 crore mark

Can Fin Homes Limited (CFHL) reported a net profit of ₹346 crore for the fourth quarter of FY26, up 31 per cent from ₹265 crore in the same period last year. For the full fiscal year ended March 31, 2026, the Bengaluru-based housing finance company posted a profit after tax of ₹1,086 crore, a 27 per cent rise over ₹857 crore in FY25. The Board of Directors approved the financials at their meeting on April 24, 2026.

The company’s loan assets grew 10 per cent year-on-year to ₹42,209 crore as of March 2026, compared to ₹38,217 crore a year earlier. On a sequential basis, loan assets rose 4 per cent from ₹40,693 crore in Q3 FY26. Housing loans account for 72 per cent of the total loan book, with non-housing loans including commercial real estate making up the remaining 28 per cent.

Loan disbursements for FY26 stood at ₹10,531 crore, a 23 per cent increase over ₹8,568 crore in FY25, reflecting stronger business momentum across its retail network.

Profitability metrics improved meaningfully. Return on assets for Q4 FY26 came in at 3.29 per cent, up from 2.55 per cent in Q3 FY26, while return on equity rose to 23.12 per cent from 18.80 per cent in the previous quarter. Net interest margin expanded to 4.19 per cent in Q4 from 4.14 per cent in Q3. For the full year, NIM stood at 3.93 per cent against 3.64 per cent in FY25. The debt-to-equity ratio improved to 6.40 from 6.96 a year ago.

On the provisions front, CFHL carries total provisions of ₹499 crore against a required ECL provision of ₹400 crore under Ind AS 109, which includes a management overlay of ₹59 crore and ₹40 crore for restructured accounts.

The company’s liquidity coverage ratio stood at a comfortable 563.50 per cent as of March 31, 2026, well above the regulatory minimum of 100 per cent

. Undrawn bank lines totalled ₹2,540.92 crore.

CFHL currently operates 249 branches and offices across 21 states and union territories. Its fixed deposit programme and long-term debt instruments carry AAA ratings from both CARE and ICRA.

Quarterly results

Shriram Finance Q4 net profit jumps 41%

Shriram Finance Q4 net profit jumps 41 per cent

Shriram Finance reports a 41% rise in Q4 net profit, driven by strong loan growth across multiple segments.

Quarterly results

Reliance Retail reports stable Q4 growth amid margin pressures

Reliance Retail reports stable Q4 growth amid margin pressures

Reliance Retail reports 10.8% Q4 revenue growth to ₹98,232 crore amid margin pressures and aggressive store expansion.

Economy

J.P. Morgan upgrades Taiwan, tech to overweight; cuts India to neutral amid AI surge and stagflation

J.P. Morgan upgrades Taiwan, tech to overweight; cuts India to neutral amid AI surge and stagflation

J.P. Morgan upgrades Taiwan and tech to overweight while downgrading India to neutral due to economic headwinds and AI growth.

Stock market

IT rout and crude surge drag Nifty to third straight loss

IT rout and crude surge drag Nifty to third straight loss

Nifty and Sensex face losses as IT stocks plunge and crude oil prices surge, marking a challenging market environment.

Quarterly results

Reliance Jio profit grows 13% to ₹7,935 crore in Q4

Reliance Jio profit grows 13% to ₹7,935 crore in Q4

Revenue up 12.7% on ARPU growth and subscriber additions; EBITDA margin expands 190 bps

Quarterly results

Reliance Ind Q4 net dips 12.6% sapped by energy business

Reliance Industries reports 12.6% drop in quarterly net profit to ₹16,971 crore in March quarter

Reliance Industries’ quarterly net profit drops 12.6% to ₹16,971 crore, despite consumer business growth and revenue increase.

Quarterly results

TNPL FY26 profit rises on deferred tax restatement

TNPL FY26 profit rises on deferred tax restatement

Full-year profit rises to ₹248 crore on deferred tax reversal amid volatile paper market

Industry update

Solar Sector Update | Anti-Dumping Duty Noise – No Material Impact

Recent headlines around the proposed anti-dumping duties on solar panel shipments from India, Indonesia, and Laos appear more sentiment-driven than fundamentally impactful.

It’s important to note that leading players like Waaree Energies, Premier Energies, and Emmvee PV had already addressed these concerns in detail during February interactions.

Key Takeaways:

* The proposed ~126% preliminary CVD applies specifically to modules using India-made cells.

* Waaree Energies does not use India-origin cells for its US shipments, thereby mitigating any direct exposure.

* Tariff applicability is linked to the cell’s country of origin, not the module assembly location.

* The company has proactively built a non-China, diversified supply chain for US markets since 2019, ensuring regulatory resilience.

Operational Strength Remains Intact:

* US module capacity at ~2.6 GW, scaling up to ~4.2 GW by Oct–Dec

* Additional 1 GW capacity in Arizona ready for deployment

* Incremental capacities expected to be operational within this financial year

* Strong order book of ~₹60,000 crore (net of 9M dispatches), providing multi-year revenue visibility

* FY26 is shaping up to be a strong growth year, particularly driven by robust US demand

The current development is largely headline noise with minimal fundamental impact on Indian listed solar companies.

Any near-term price correction should be viewed as an opportunity to accumulate quality names, given the strong execution visibility and structural tailwinds in global solar demand.

Stock market

ALL-TIME HIGH BREAKOUT ALERT: 24th April

Today, these 6 stocks closed above their lifetime highs, signaling strong momentum and sustained buying interest:

Hitachi Energy 

Schneider Electric 

Atlanta Electricals 

TD Power Systems 

AU Small Finance Bank 

Quality Power Electrical Equip.

Banking

RBI order on cancellation of Paytm’s Payment Bank License

There will be no impact on the company’s revenue, as the exposure to payments banks was zero. Following the RBI embargo on payments banks, the entire equity exposure to Paytm Payments Bank has already been written off.

The current payment ecosystem remains intact, and we do not see any financial implications. The Payments Bank was already inactive, and all merchant and customer accounts had been migrated by Paytm.

Regarding the wallet business, the company can apply for a fresh PPI license and may restart operations upon receiving approval.

Haitong IE Sales

Economy

Jefferies on GMR Airports

India | Airport

GMR Airports Infrastructure Ltd| BUY

GMRAIRPO IN | INR96.42 | PT: INR125 | % to PT: +30%\u0009

GMR Promoter Group Increases Stake

GMR Promoter is acquiring a 7.3% stake in GAL from ADP via a stake purchase & FCCB buyback totalling ~€924mn, lifting its ownership while ADP’s economic interest would dip to ~39.8%. The deal is valued at Rs85-87/share, 10-12% discount at CMP, suggesting strategic promoter-to-promoter transaction, yet establishing a credible valuation floor. We believe GMR promoters consolidating its stake in the Co signals strong internal conviction on GAL’s growth trajectory.

Quarterly results

IndusInd Bank logs ₹533 cr profit in Q4FY26 against a huge loss in Q4FY25

IndusInd Bank logs ₹533 cr profit in Q4FY26 against a huge loss in Q4FY25

IndusInd Bank reports ₹533 crore profit in Q4FY26, rebounding from a loss last year, driven by strong interest income growth.

Quarterly results

Hindustan Zinc reports 68% Q4 profit surge driven by rising metal prices

Hindustan Zinc reports 68% Q4 profit surge driven by rising metal prices

Hindustan Zinc reports a 68% profit surge in Q4, driven by rising metal prices and strong revenue growth.

Quarterly results

Mahindra Finance Q4 profit jumps 55%, FY26 earnings up 19%

Mahindra Finance Q4 profit jumps 55%, FY26 earnings up 19%

Mahindra Finance reports 55% profit jump in Q4 FY26, with strong disbursements and asset growth driving overall earnings up 19%.

Stock down

Hindustan Zinc posts record quarterly profit of ₹5,033 crore, stock slips 0.61%

Hindustan Zinc Q4 Results: Profit record at ₹5,033 cr, stock slips 0.61%

Annual revenue and profit hit record highs on higher volumes and metal prices

Quarterly results

CPCL Q4 net profit triples on refining margin boost

CPCL Q4 net profit triples on refining margin boost

CPCL’s Q4 net profit surged threefold, driven by increased refining margins amid rising oil prices from geopolitical tensions.

Economy

JP Morgan, HSBC cut India ratings on oil, inflation concerns despite strong long term outlook

JP Morgan, HSBC cut India ratings on oil, inflation concerns

JP Morgan and HSBC downgrade India’s equity ratings amid oil and inflation concerns, while maintaining a strong long-term growth outlook.

Quarterly results

Adani Green reports higher quarterly profit on strong power sales

Adani Green reports higher quarterly profit on strong power sales

Adani Green reports a 34% profit increase, fueled by strong power sales amid India’s renewable energy expansion efforts.

Stock down

Cyient shares slide 4% after Q4 miss; buyback at premium offers limited cushion

Cyient shares slide 4% after Q4 miss; buyback at premium offers limited cushion

Cyient shares drop 4% after Q4 profit miss, despite buyback support; market sentiment remains cautious amid sell pressure.

Stock down

Infosys shares fall 7% after Q4, muted guidance weighs

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Infosys shares fall 7% after Q4, muted guidance weighs

Infosys shares hit a 52-week low following cautious Q4 guidance, signaling a subdued demand environment and lower growth expectations.

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