Earnings Roundup – April to June Quarter (Q1 FY26):
Bajaj Finserv
Net Profit: ₹2,789 crore
YoY Growth: 30%
The diversified financial services company posted strong growth across lending and insurance segments, fueling a healthy year-on-year surge in profits.
Bank of Baroda (BoB)
Net Profit: ₹3,469 crore
YoY Decline: 27%
While profits fell sharply, Net NPAs improved to 0.60% from 0.69% YoY, signaling better asset quality despite the earnings decline.
Cipla
Net Profit: ₹1,298 crore
YoY Growth: 10%
Cipla continued to see growth in domestic and international markets, benefiting from robust demand in key therapeutic areas.
Shriram Finance
Net Profit: ₹2,159 crore
YoY Growth: 6%
Interest Income: ₹11,174 crore (+19%)
The board plans to meet between Aug 1 and Oct 31 to consider raising funds through debt instruments, which may fuel expansion or restructuring.
SBI Cards
Net Profit: ₹556 crore
YoY Decline: 6%
Dividend: ₹4.60 per share
Record Date: August 1
Margins remained under pressure due to rising credit costs, but a dividend was announced, reflecting shareholder confidence.
Corporate Updates:
GAIL (India) Ltd
Received PNGRB approval to double capacity of the Jamnagar–Loni LPG pipeline from 3.25 to 6.5 MMTPA.
Filed a ₹639 crore arbitration claim against 3 entities over gas supply shortfalls—potentially a positive development if resolved in GAIL’s favor.
JSW Energy / JSW Neo Energy
Signed 25-year PPA with SECI for 230 MW renewable energy.
Signed another PPA with BESCOM for 100 MW solar + battery storage.
Also withdrew the insolvency process for KSK Water Infrastructures Pvt Ltd, reducing litigation burden.
Bharat Electronics Ltd (BEL)
Bagged a ₹1,640 crore order from the Indian Army to manufacture Air Defence Fire Control Radars (Atulya), designed by DRDO.
This reaffirms BEL’s strong position in India’s defense tech ecosystem.
