Bandhan Bank posts PAT of Rs 530 crore in Q4

by Hansraj Agrawal | Apr 28, 2026 | Share Market

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.

Source link

Index of industrial production up 4.1% in FY26

by Hansraj Agrawal | Apr 28, 2026 | Share Market

Last Updated : Apr 28 2026 | 5:31 PM IST

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

Source link

INR slips to around one-month low as oil prices top $100 mark

by Hansraj Agrawal | Apr 28, 2026 | Share Market

Last Updated : Apr 28 2026 | 5:31 PM IST

The Indian rupee depreciated 41 paise to close at 94.56 (provisional) against the US dollar on Tuesday, as elevated crude oil prices and unabated foreign capital outflows amid rising geopolitical uncertainties dented investor sentiments. Indian shares also ended lower as a stronger dollar and elevated oil prices fueled concerns about inflation and the outlook for interest rates and foreign fund inflows. The Sensex fell 416.72 points to 76,886.91 and the Nifty50 dropped 97 points to 23,995.70, slipping below the 24,000 mark. WTI crude futures surged nearly 4.5% to above $100 a barrel. The rupee has already weakened quite sharply, factoring in the likely widening of the Current Account Deficit (CAD) and volatile capital flows. Moreover, persistent foreign fund outflows weighed on the rupee, as so far this year, FIIs have pulled out over USD 19 billion from Indian equities.

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

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

Source link

Motherson Sumi Wiring India Q4 PAT rises 1% YoY to Rs 167 cr

by Hansraj Agrawal | Apr 28, 2026 | Share Market

Motherson Sumi Wiring India reported a 1.44% increase in net profit to Rs 167.30 crore on a 32.88% rise in revenue from operations to Rs 3,334.62 crore in Q4 FY26 over Q4 FY25.

Profit before tax in Q4 FY26 stood at Rs 211.71 crore, down 3.63% from Rs 219.69 crore in Q4 FY25. EBITDA stood at Rs 274 crore in Q4 FY26, registering a growth of 1.1% as compared with Rs 271 crore in Q4 FY25.

On a full-year basis, the companys net profit rose 3.19% to Rs 625.18 crore on a 23.15% increase in revenue from operations to Rs 11,477.58 crore in FY26.

The company reported its highest-ever quarterly and annual performance, with revenue crossing Rs 10,000 crore for the first time. It supplies wiring harnesses to nine of the top 10 best-selling passenger vehicle models in India, reinforcing its strong domestic market position.

Electric vehicle (EV) revenue contribution stood at 8.6% in Q4 FY26 and 6.6% for FY26. The company remains debt-free. However, elevated copper prices and a lag in customer pass-through continue to weigh on near-term margins.

Vivek Chaand Sehgal, chairman of Motherson Sumi Wiring India, said, This performance reflects the operational resilience of our business, supported by customer trust and driven by the relentless efforts of our people. We delivered our best-ever performance and maintained a debt-free status while navigating volatility in the commodities market. Our greenfield investments are progressing well and will further strengthen our long-term growth trajectory. We remain focused on delivering sustainable value to all stakeholders.

The company has recommended a final dividend of Rs 0.58 per equity share of face value Rs 1 each for FY26, subject to shareholder approval at the companys upcoming annual general meeting.

Motherson Sumi Wiring India is a leading and fast-growing full-system solutions provider to OEMs in the wiring harness segment in India. Motherson Sumi Wiring India is a joint venture between Samvardhana Motherson International (SAMIL) and Sumitomo Wiring Systems (SWS).

Shares of Motherson Sumi Wiring India fell 4.52% to close at Rs 39.26 on the BSE.

Source link

Eternal Q4 PAT surges over four-fold to Rs 174 cr

by Hansraj Agrawal | Apr 28, 2026 | Share Market

Eternal reported 346.15% surge in consolidated net profit to Rs 174 crore on 196.45% jump in revenue from operations to Rs 17,292 crore in Q4 FY26 over Q4 FY25.

Profit before tax (PBT) soared 135.05% YoY to Rs 228 crore in in the quarter ended March 2026.

During the quarter, revenue from Food Delivery business jumped 29.7% YoY to Rs 3,125 crore, while net order value (NOV) increased 18.8% YoY to Rs 9,757 crore. The company said it expects growth to continue trending toward its long-term expectation of 20%+ YoY NOV growth, with margins remaining in the 5-6% range.

Adjusted EBITDA margin (as a % of NOV) improved to 5.5% during the quarter, with the business delivering an absolute adjusted EBITDA of Rs 532 crore, a YoY growth of 24%. Average monthly transacting customers increased 19.14% to 25.4 million in Q4 FY26 compared with 20.9 million in Q4 FY25.

In Q4 FY26, revenue from Quick Commerce (Blinkit) surged 674.3% YoY to Rs 13,232 crore. NOV climbed 95.4% YoY to Rs 14,386 crore in Q4 FY26. The company reported positive adjusted EBITDA of Rs 37 crore, compared with a negative adjusted EBITDA of Rs 178 crore in Q4 FY25.

Net average order value (NAOV) stood at Rs 525 in Q4 FY26, up 0.96% compared with Rs 520 in Q4 FY25. The company added 216 net new stores during the quarter, taking the total store count to 2,243 as of quarter ended 31st March 2026.

Revenue from Going-Out business increased 21% YoY to Rs 277 crore in Q4 FY26. NOV climbed 46% YoY to Rs 2,736 crore in Q4 FY26. The company had earlier guided towards $3 billion in NOV and $150 million in adjusted EBITDA by FY30, implying over 30% year-on-year NOV growth from current levels.

Revenue from Hyperpure segment tumbled 46.8% YoY to Rs 978 crore. However, the segment reported positive adjusted EBITDA of Rs 5 crore compared with a negative adjusted EBITDA of Rs 22 crore in Q4 FY25.

On full year basis, the companys consolidated net profit declined 30.55% to Rs 366 crore despite 168.56% surge in revenue from operations to Rs 54,364 crore in FY26 over FY25.

Eternal, an Indian multinational technology company, is the parent company of Zomato, Blinkit, District and Hyperpure.

The counter fell 0.70% to end at Rs 253.80 on the BSE.

Source link

India set to emerge as a major trusted value chain and supply chain partner in electronic manufacturing

by Hansraj Agrawal | Apr 28, 2026 | Share Market

Last Updated : Apr 28 2026 | 5:16 PM IST

Union Minister for Electronics & Information Technology, Railways and Information & Broadcasting, Ashwini Vaishnaw, said that India is poised to emerge as major trusted value chain and supply chain partner to the world in electronic manufacturing, driven by strong policy support and visionary leadership. He was addressing the gathering after the Ground Breaking Ceremony of Google Cloud India AI Hub in Visakhapatnam.The project, with an estimated investment of USD 15 billion, is being developed in partnership with Adani ConneX and Airtel Nxtra, and will include a 1 GW hyperscale AI data centre in Visakhapatnam. The Government of Andhra Pradesh has allocated around 600 acres of land in Turluvada, Rambilli and Adavivaram areas for the project.

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

First Published: Apr 28 2026 | 5:16 PM IST

Source link

Times Top News

Times Top News

Recent Posts

Recent Comments