J&K Bank Q4 PAT climbs 36% YoY to Rs 798 cr

by Hansraj Agrawal | May 5, 2026 | Share Market

Jammu & Kashmir (J&K) Bank reported a 36.48% jump in standalone net profit to Rs 797.80 crore despite 2.28% decline in total income to Rs 3531.06 crore in Q4 FY26 over Q4 FY25.

Profit before provisions and contingencies increased 13.85% to Rs 910.79 crore in Q4 FY26 compared with Rs 800.02 crore in Q4 FY25.

Net interest income (NII) remained largely stable at Rs 1,487.48 crore in Q4 FY26, up 0.5% compared with Rs 1,479.99 crore in Q4 FY25. Net interest margin contracted to 3.52% as on 31st March 2026 compared with Rs 3.88% as on 31st March 2025.

Total deposits jumped 11.3% to Rs 165,354 crore as on 31st March 2026 compared with Rs 148,569 crore as on 31st March 2025. Gross advances stood at Rs 124,981 crore as on 31st March 2026.

CASA deposits also grew steadily by 8.07% YoY to Rs 75,478 crore as on 31st March 2026, with CASA Ratio increasing to 45.65% in Q4 FY26 from 44.10% recorded last quarter.

Asset quality improved significantly during the quarter. The banks Gross non-performing assets (NPA) ratio declined sharply by 50 bps to 2.5% as on 31st March 2026, from 3% as on 31st December 2025 and 3.37% as on 31st March 2025, while the Net NPA ratio stood at 0.64% as on 31st March 2026. The Provision Coverage Ratio (PCR) also remains strong at over 90%, underscoring the banks focus on prudential provisioning.

The Banks CRAR stood at 16.55% as on March 31, 2026

On full year basis, the companys standalone net profit increased 13.49% to Rs 2,363.48 crore on 3.06% increase in total income to Rs 14,085.05 crore in FY26 over FY25.

MD & CEO Amitava Chatterjee said, Going forward, we remain focused on leveraging emerging opportunities across geographies in rest of the country while deepening our presence in core markets of J&K and Ladakh. The strategic thrust continues to be on expanding retail lending, supporting MSMEs and enhancing credit flow to the agriculture sector.

J&K Bank offers banking services under the three major divisions as support services, depository services, and third-party services.

The counter added 2.28% to end at Rs 134.65 on the BSE.

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L&T Q4 PAT drops 3% YoY to Rs 5,326 cr

by Hansraj Agrawal | May 5, 2026 | Share Market

Larsen & Toubro (L&T) reported a 3.12% decline in consolidated net profit to Rs 5,325.60 crore on 11.25% increase in revenue from operations to Rs 82,762.16 crore in Q4 FY26 over Q4 FY25.

International revenues stood at Rs 43,747 crore, contributing 53% of the companys total revenues.

Profit before tax (PBT) increased 10.64% YoY to Rs 8,341.63 crore in Q4 FY26. The company recorded a exceptional profit of Rs 68.65 crore during the period under review.

EBITDA stood at Rs 8,610 crore in Q4 FY26, up 4.96% YoY while EBITDA margin improved to 11% in Q4 FY26 as against 10.4% in Q4 FY25.

For the quarter ended March 31, 2026, the company recorded consolidated order inflows of Rs 89,772 crore. During the quarter, several high-value order wins were secured across sectors, including commercial & residential buildings, roads & runways, urban transport, transmission & distribution and the hydrocarbon onshore businesses. International orders stood at Rs 59,994 crore, contributing 67% of the total order inflow.

The Infrastructure Projects segment secured orders of Rs 43,477 crore, during the quarter ended March 31, 2026, registering growth of 26% over the corresponding quarter of the previous year. International orders constituted 67% of the total order inflow for the quarter.

Energy projects segment projects secured orders of Rs 21,296 crore, during the quarter ended March 31, 2026, registering a y-o-y decline of 34%. The decline is largely due to high-base effect. International orders constituted 80% of the total order inflow for the quarter.

Hi-Tech Manufacturing segment reported order inflows of Rs 1,727 crore for the quarter ended March 31, 2026, reflecting a 24% decline compared to the corresponding quarter of the previous year largely due to the deferment of targeted orders. Export orders accounted for 25% of the total order inflow during the quarter.

IT & Technology Services (IT&TS) segment reported customer revenues of Rs 14,078 crore for the quarter ended March 31, 2026, registering a y-o-y growth of 13%. International billing accounted for 92% of the total customer revenues during the quarter.

Financial services segment segment reported income from operations at Rs 4,669 crore for the quarter ended March 31, 2026, registering a y-o-y growth of 22%. The total Loan Book stood at Rs 121,728 crore as on March 31, 2026, reflecting a 25% growth compared to March 2025 at Rs 97,762 crore. The Retail Loan Book constitutes 98% of the total loan book as on March 31, 2026.

On outlook front, the company said that as India enters FY 2026-27, the countrys GDP growth is projected to remain among the fastest-growing major economies in the world. Indias strong macroeconomic fundamentals and policy buffers offer some protection from external headwinds.

Indias service sector and digital economy, which are relatively less exposed to disruptions in the Middle East, are expected to remain key growth engines. Momentum is likely to be sustained by continued expansion in fintech, cloud technologies, AI-enabled services, and the rise of Global Capability Centers (GCCs).

On annual basis, the companys consolidated net profit increased 6.96% to Rs 16,083.99 crore on 11.79% rise in revenue from operations to Rs 2,85,874.36 crore in FY26 over FY25. The L&T group secured orders worth Rs 435,590 crore, registering a y-o-y growth of 22% for the year ended March 31, 2026.

S. N. Subrahmanyan, chairman and managing director, said: The year concluded on a strong note, supported by good financial performance across segments. Order inflow for the year exceeded a record Rs 4 lakh crore – a clear reflection of our strategy, built on a strong domestic base complemented by a significant international presence, enabling the Company to exploit global opportunities.

During the year, we have executed Agreements for divesting our full stakes in Nabha Power Limited and L&T Metro Rail (Hyderabad) Limited. We expect the closure of these transactions by 30th June 2026. This aligns with our stated strategy to exit from the Concessions portfolio. As this being the terminal year of our Lakshya26 plan, I am happy to say that we have achieved most of the targets we set for ourselves, whether in terms of order book, revenue or exits from non-core businesses.

Meanwhile, the companys board recommended a final dividend of Rs 38 per share of face value of Rs 2 each for the FY26. The record date has been fixed as Friday, 22 May 2026 for the dividend.

Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services.

The counter fell 1.07% to settle at Rs 4,056.15 on the BSE.

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India's defence production reached Rs 1.54 lakh crore recording 174% rise in one decade

by Hansraj Agrawal | May 5, 2026 | Share Market

Last Updated : May 05 2026 | 6:04 PM IST

Government noted in a latest update that over last decade, India has transitioned from being a major importer of defence equipment to an emerging exporter, with defence production reaching Rs 1.54 lakh crore recording 174 % rise in one decade and export growth rising to Rs 23,622 crore recording 34times rise in one decade. The Minister said a substantial contribution of around Rs 15,000 crore to total exports came from the private sector, reflecting a major shift towards collaborative defence manufacturing. The current budget 2026-27 earmarks Rs 681000 crore for budget, which is 9.5 % more than last year.

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First Published: May 05 2026 | 6:04 PM IST

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Services sector credit growth rises to 19% in FY26, gains sharply from 12% last year

by Hansraj Agrawal | May 5, 2026 | Share Market

The Financial year 2025-26 ended with robust year-on-year (y-o-y) non-food credit growth of 15.9%, marking a significant 497 basis points (bps) increase in growth from the corresponding period in 2025 (10.9%). The aggregate credit outstanding in Mar-2026 reached Rs 212.9 lakh crore, Rs 29.2 lakh crore higher than the previous year. Amidst a low-interest rate environment, Government aided Capex cycle supported by timely structural reforms, private investments are crowding-in and boosting domestic credit demand, reinstating confidence among corporate as well as individual borrowers on Indian economy. Credit growth in FY 2025-26 has been broad-based led by services sector, followed by personal loan segment, agriculture and allied activities, and industry.

Agriculture and Allied Activities credit growth accelerated to 15.7%, 528 bps higher than 10.4% growth registered previous year, reflecting reinforced support for the farm sector. Sustained rural demand and formalization of rural credit has been attributing to the positive momentum in primary sector credit offtake in FY2025-26.

Industrial Sector credit deployment expanded at almost double rate to 15.0%, vis-?-vis 8.2% growth registered last year. With a 33.1% y-o-y growth, ‘Micro and Small’ industries registered a 3.7 times higher credit growth in FY2025-26. Similar positive trends are witnessed for medium-scale industries where credit expanded by 21.7% y-o-y. Key drivers of industrial credit are: Infrastructure, Basic Metal and Metal Products, Chemicals and Chemical Products, Petroleum, Coal Products, and Nuclear Fuels etc.

Services sector credit, that contributes 28% to the overall credit, recorded a robust expansion of 19.0% y-o-y (compared to 12.0% recorded during the same period last year). The surge was primarily driven by high demand from segments like Non-Banking Financial Companies, trade, and commercial real estate.

The personal loan segment with 33% share in overall credit, expanded by 16.2% in FY 2025-26, 455 bps higher than credit growth (11.7%) registered a year ago. Growth remained steady in the housing segment, while vehicle loans and loans against gold jewellery continued to show strong momentum.

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Coforge Q4 PAT soars over two-fold to Rs 612 cr

by Hansraj Agrawal | May 5, 2026 | Share Market

Coforge reported a 144.72% surge in consolidated net profit to Rs 612.3 crore on 5.17% jump in revenue from operations to Rs 4450.4 crore in Q4 FY26 over Q3 FY26.

On a year on year (YoY) basis, the companys consolidated net profit zoomed 134.42% while revenue from operations increased 5.17% in Q4 FY26.

Profit before exceptional items and tax stood at Rs 678.6 crore, up 27.6% QoQ and 72.54% YoY. the company reported exceptional items of Rs 53.6 crore during the quarter.

Duing the quarter, EBITDA increased 18.5% QoQ to Rs 916.8 crore while EBITDA margin rose 232 bps QoQ to 20.6%.

In dollar terms, the revenue was higher by 1.7% while in constant currency terms, it rose by 2% sequentially.

Order Intake stood at $ 648 million for the quarter; five large deals signed in the quarter. Headcount increased to 35,777, reflecting a net addition of 436 employees over the previous quarter, while the last twelve months (LTM) attrition rate stood at 10.8%.

On full year basis, the companys consolidated net profit jumped 91.57% to Rs 1,555.7 crore on 35.86% rise in revenue from operations to Rs 16,402.7 crore in FY26 over FY25.

Sudhir Singh, chief executive officer and executive director, Coforge, said, FY26 marked another year of excep5onal performance for Coforge. We delivered strong YoY growth at 29.2% and expanded EBIT margins materially by 370 bps to 14.4%. With an order executable of $1.75Bn, we enter FY27 with strong momentum and confidence. We expect to deliver robust revenue growth in FY27 and plan to deliver an EBITDA of more than 20.5% on a consolidated basis in FY27.

Meanwhile, the companys board has fixed May 16, 2026, as the record date to determine the eligibility of Cigniti Technologies shareholders. Following the amalgamation with Coforge, eligible shareholders of Cigniti will receive equity shares of Coforge in a 1:1 share exchange ratio, subject to their holding as on the record date.

Coforge is a global tech services and solutions provider, that leverages emerging technologies and deep domain expertise to deliver real-world business impact for its clients.

The counter advanced 1.41% to end at Rs 1,168.30 on the BSE.

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Onemi Technology Solutions (Kissht) IPO subscribed 9.50 times

by Hansraj Agrawal | May 5, 2026 | Share Market

The offer received bids for 37.76 crore shares as against 3.97 crore shares on offer.

Onemi Technology Solutions (Kissht) received bids for 37,76,66,130 shares as against 3,97,62,250 shares on offer, according to stock exchange data at 17:30 IST on Tuesday (5 May 2026). The issue was subscribed 9.50 times.

The issue opened for bidding on 30 April 2026 and it will close on 5 May 2026. The price band of the IPO is fixed between Rs 162 and 171 per share. An investor can bid for a minimum of 87 equity shares and multiples thereof.

The initial public offer (IPO) consists of a fresh issue of shares to raise Rs 850 crore through the issuance of 5.25 crore equity shares at the lower band of Rs 162 per share (face value Rs 1 per share) and 4.97 crore equity shares at the upper band of Rs 171 per share.

The issue also consists of an Offer for Sale (OFS) of 0.44 crore equity shares to raise Rs 71.92-75.92 crore. The promoters are not participating in the OFS. The promoter shareholding would decline to 24.8% from pre-IPO level of 35.2%

The company proposes to utilize Rs 637.5 crore from the net proceeds from the fresh issue towards augmenting the capital base of the subsidiary, Si Creva, to meet its future capital requirements arising out of the growth of business. In addition, the company expects to receive the benefits of listing the equity shares on the stock exchanges, including enhancement of the company’s brand name and creation of a public market for equity shares in India.

Onemi Technology Solutions (Kissht), incorporated in 2016, is a tech-enabled digital lending NBFC offering personal loans and loans against property through its mobile-first platform. It serves a largely young, digitally connected customer base with a highly granular loan book, reporting over 2.87 million active customers and AUM of Rs 5,955.75 crore as of December 2025, supported by strong growth, advanced AI/ML-driven underwriting, and a scalable cloud-based lending infrastructure. The company operates through its RBI-regulated subsidiary Si Creva, maintains healthy asset quality (GNPA 2.9%, NNPA 0.38%), and has demonstrated strong expansion with AUM CAGR of approximately 79.5% between March 2023 and March 2025, backed by diversified customer acquisition channels and experienced leadership.

Ahead of the IPO of Om Power Transmission on 29 April 2026, the company raised Rs 277.77 crore from anchor investors by allotting 1.62 crore shares at Rs 171 each to 22 anchor investors.

For the nine months ended 31 December 2025, the firm recorded a consolidated net profit of Rs 199.27 crore and income from operations of Rs 1,559.90 crore.

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