Axis Bank allots 43,588 equity shares under ESOP

Axis Bank allots 43,588 equity shares under ESOP


Axis Bank has allotted 43,588 equity shares of Rs. 2/- each
of the Bank on 28 April 2026, pursuant to exercise of stock options / units under its ESOP / RSU Scheme.

The paid-up share capital of the Bank has accordingly increased from Rs. 6,217,131,820 (3,108,565,910 equity shares of Rs. 2/- each) to Rs. 6,217,218,996 (3,108,609,498 equity shares of Rs. 2/- each).

 

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Apr 28 2026 | 8:04 PM IST



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Rupee falls 0.4% to 94.19, near one-month low as oil tops 0/barrel

Rupee falls 0.4% to 94.19, near one-month low as oil tops $110/barrel



The Indian rupee weakened to a near one-month low on Tuesday, pressed by a stubborn rise in oil prices and sustained hedging by local importers against further weakness, underscoring anxiety over the currency’s outlook as it nears the 95 per dollar mark.

 


The rupee touched a low of 94.54 per dollar during the trading session, its weakest level since March 30, before closing at 94.19, down 0.4 per cent on the day.

 


The currency’s losses were contained by dollar sales from state-run banks, most likely on behalf of the Reserve Bank of India, four traders said.

 


Asian currencies were under pressure across the board on Tuesday with oil-sensitive FX especially hard hit as Brent crude oil futures climbed over $110 per barrel as US-Iran peace talks remained in limbo.

 
 


US President Donald Trump is unhappy with the latest Iranian proposal on resolving the two-month war, a US official said, dampening hopes for a resolution to the conflict that has disrupted energy supplies, fuelled inflation, and killed thousands.

 


Regional stocks were under pressure on Tuesday as well, with MSCI’s gauge of Asian stocks outside of Japan down 0.7 per cent .

 


“India, Indonesia, and the Philippines run current account deficits, arguably making their currencies more sensitive to incremental deterioration in the terms of trade,” analysts at Goldman Sachs said in a note.

 


That vulnerability may end up requiring more use of foreign exchange reserves, either separate from or in combination with tightening monetary policy, to manage the pressure, the note said.

 


The differential exposures have already shown up in the FX market with the rupee down 3.5 per cent since the Iran war started while the Chinese yuan has risen 0.3 per cent .

 


On Tuesday, the dollar was a tad stronger against a basket of peers, with the focus turning to a host of central bank policy decisions in the euro zone, the UK and Canada.

 


Earlier in the day, Bank of Japan left policy rates unchanged with a hawkish split among policymakers pointing to a potential rate hike in June.

 



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Axis Bank allots 43,588 equity shares under ESOP

AWL Agri Business Q4 PAT jumps 54% YoY to Rs 292 cr


AWL Agri Business reported a 53.5% year-on-year rise in consolidated net profit to Rs 292 crore in Q4 FY26, compared with Rs 190 crore in Q4 FY25.

Revenue from operations increased 18% YoY to Rs 21,465 crore during the quarter, supported by 14% volume growth, driven by strong demand in the edible oil segment and expansion across channels. The company also crossed the Rs 74,000-crore mark in annual revenue in FY26.

Operational EBITDA stood at Rs 628 crore, up 40% YoY, with margin expansion driven by improved profitability across both edible oil and food segments. On a per-unit basis, both gross profit and EBITDA per MT improved, supported by better realizations in the edible oil business.

 

On the segmental front, edible oil revenue stood at Rs 17,519.80 crore (up 18.62% YoY), while food & FMCG revenue came in at Rs 1,730.51 crore (up 5.03% YoY). Industry essentials revenue was Rs 2,214.47 crore (up 10.9% YoY) during the period under review.

Alternate channels, including e-commerce, quick commerce, and modern trade, delivered 43% volume growth in Q4 FY26. For FY26, revenue from these channels crossed Rs 5,200 crore, up 47% YoY, with volume growth of 33%.

Branded exports recorded 48% volume growth during the quarter, with FY26 revenues crossing Rs 450 crore (up 70% YoY) and presence expanding to over 35 countries. The HoReCa segment grew 64% YoY in Q4 FY26, with FY26 revenues exceeding Rs 750 crore and expansion across more than 200 towns.

The industry essentials segment reported 13% volume growth and 11% revenue growth in Q4 FY26. GD Foods posted 21% revenue growth and 24% volume growth, while Omkar Chemicals crossed Rs 300 crore in FY26 revenue, with volumes doubling during the year.

Shrikant Kanhere, MD & CEO, AWL Agri Business, said, “We have delivered a strong performance in Q4 FY26, supported by improving consumer demand and robust execution across our businesses. The edible oil segment witnessed healthy volume-led growth, while strong margin expansion during the quarter led to improved profitability across both edible oils and foods. Over the past year, we have significantly strengthened our distribution footprint and expanded our reach across both urban and rural markets.

With this foundation in place, our focus is now on driving higher throughput, improving execution, and enhancing productivity across the network. Our alternate channels and emerging businesses, such as HoReCa and branded exports, continue to scale up rapidly, delivering solid growth with better profitability. At the same time, our Food & FMCG portfolio is steadily progressing, with enhanced distribution and higher contribution to the overall business.

As we navigate the evolving macro environment, we remain focused on driving consistent, volume-led growth with increasing profitability as we continue to build a stronger portfolio.”

Meanwhile, the board of directors recommended a final dividend of Rs 1 per equity share of face value Rs 1 each, equivalent to 100%, for the financial year 202526. The dividend is subject to the approval of shareholders at the ensuing 28th annual general meeting. The company has fixed Friday, June 19, 2026, as the record date for determining the eligibility of members entitled to receive the dividend of ₹1 per equity share for FY26.

AWL AgriBusiness is one of Indias largest food & FMCG companies, offering a diverse portfolio of essential kitchen staples, including edible oils, wheat flour, rice, pulses, and sugar.

Shares of AWL Agri Business shed 0.53% to close at Rs 204.90 on the BSE.



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Axis Bank allots 43,588 equity shares under ESOP

Fedbank Financial clocks PAT of Rs 100 crore in Q4


Fedbank Financial Services has reported 40.3% jump in net profit to Rs 100.5 crore on 17.5% increase in net total income to Rs 378 crore in Q4 March 2026 over Q4 March 2025.

Net interest income (NII), the difference between interest earned and interest expended, rose 22.6% YoY to Rs 342.7 crore in Q4 FY26 from Rs 279.6 crore in the year-ago period.

Operating profit improved by 24% YoY to Rs 162.8 crore in the fourth quarter.

Credit cost for the period under review was Rs 27.9 crore as against Rs 32.6 crore in Q4 FY25.

Accordingly, profit before tax in Q4 FY26 stood at Rs 134.9 crore, up by 36.7% from Rs 98.7 crore recorded in Q4 FY25.

 

The gross NPA ratio declined to 1.9% as on March 2026 as against 2.1% as on December 2025 and 2.0% as on March 2025.

Net NPAs came in at 1.3% in Q4 FY26 as compared with 1.4% in Q3 FY26 and 1.2% in Q4 FY25.

Total assets under management as on 31 March 2026 stood at Rs 20,153 crore, up 27.5% YoY.

Fedbank Financial Services (FedFina) is a non-banking finance company.

The scrip had declined 3.15% to end at Rs 152.15 on the BSE today.

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Apr 28 2026 | 6:16 PM IST



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Axis Bank allots 43,588 equity shares under ESOP

Bandhan Bank posts PAT of Rs 530 crore in Q4


Bandhan Bank’s standalone net profit jumped 68% to Rs 530 crore on 3.2% increase in net total income to Rs 3,570 crore in Q4 March 2026 over Q4 March 2025.

Net interest income (NII), the difference between interest earned and interest expended, rose 1.4% YoY to Rs 2,800 crore in Q4 FY26 from Rs 2,760 crore in the year-ago period.

Operating profit declined 8.3% YoY to Rs 1,440 crore in the fourth quarter. Net interest margin (NIM) stood at 6.2% in Q4 FY26, down 46 bps on a yearly basis and down 30 bps sequentially.

Asset quality improved during the quarter. Gross NPAs stood at Rs 5,019.55 crore as of March 2026, compared with Rs 4,804.98 crore in December 2025 and Rs 6,435.56 crore a year ago.

 

The gross NPA ratio declined to 3.27% as on March 2026 as against 3.33% as on December 2025 and 4.71% as on March 2025.

Net NPAs came in at 0.97%, improving from 0.99% in the previous quarter and 1.28% in the same period last year.

Provisions declined sharply by 46.3% YoY to Rs 680 crore.

Accordingly, profit before tax in Q4 FY26 stood at Rs 770 crore, up by 145.5% from Rs 310 crore recorded in Q4 FY25.

On the business front, deposits rose 10% YoY to Rs 1.66 lakh crore while gross advances grew by 13% YoY to Rs 1.54 crore as of March 2026.

As of March 31, 2026, the Banks capital adequacy ratio including profits stood at 18.0% well above the regulatory requirement of 11.5%.

Partha Pratim Sengupta, MD & CEO, said: Bandhan Banks FY 202526 performance underscores the strength of our franchise, supported by disciplined execution and diversifying business model.

We will continue to pursue customer-centric, digital-led growth by enhancing distribution channels, expanding our product suite, and leveraging data-driven insights to deliver sustainable, risk-adjusted growth.

Bandhan Bank is one of Indias fastest-growing private sector banks.

The scrip fell 1.98% to end at Rs 178.30 on the BSE today.



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Axis Bank allots 43,588 equity shares under ESOP

Index of industrial production up 4.1% in FY26


The Quick Estimate of Index of Industrial Production (IIP) showed that the IIP growth rate for the month of March 2026 stood at 4.1 percent on year ago basis compared to 5.2 percent (Quick Estimate) in the month of February 2026. This was the lowest growth in five-months. The growth rates of the three sectors, Mining, Manufacturing and Electricity for the month of March 2026 are 5.5 percent, 4.3 percent and 0.8 percent respectively. Within the manufacturing sector, 14 out of 23 industry groups at NIC 2 digit-level have recorded a positive growth in March 2026 over March 2025. The top three positive contributors for the month of March 2026 are Manufacture of basic metals (8.6%), Manufacture of motor vehicles, trailers and semi-trailers (18.1%) and Manufacture of machinery and equipment n.e.c. (11.2%). The corresponding growth rates of IIP as per Use-based classification in March 2026 over March 2025 are 2.2 percent in Primary goods, 14.6 percent in Capital goods, 3.3 percent in Intermediate goods, 6.7 percent in Infrastructure/ Construction Goods, 5.3 percent in Consumer durables and 1.1 percent in Consumer non-durables. Based on use-based classification, top three positive contributors to the growth of IIP for the month of March 2026 are Infrastructure/ construction goods, Capital goods and Primary goods. Further data showed that in FY26, IIP growth came in at 4.1% compared to 4% in previous fiscal year.
 

Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Apr 28 2026 | 5:31 PM IST



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