consolidated profit after tax

Bank of Baroda reported a record net profit of Rs 5,616 crore for Q4FY26, a 11.2% increase driven by higher net interest income and lower tax provisions. Full-year profit crossed Rs 20,000 crore. The bank raised its advances and deposit growth targets for FY27 after exceeding FY26 goals.

IDFC FIRST Bank launched a Business Multiplier Credit Card for entrepreneurs, addressing the gap in credit access for startups. Issued against a fixed deposit, the secured card offers a lower interest rate, zero forex markup, and a 100% credit limit, simplifying financial management for small businesses.

Indian Hotels saw strong Q4FY26 results with revenue up 14% and profit by 15%, driven by robust hotel operations. UPL's Q4FY26 revenue grew 18%, but earnings were impacted by provisions. Oberoi Realty's Mumbai market shows promise, while PVR reported a 24% revenue jump. Nuvama's wealth and asset servicing segments are performing well.

TNN

State Bank of India saw a 5.8% profit jump to Rs 19,684 crore in Q4FY26, though margins tightened. Bank of Baroda achieved a record Rs 5,616 crore profit, while Bank of India's net profit climbed 18.7%. Despite credit growth, SBI's share dipped due to investor concerns about core income.

Experts believe that the RBI’s record surplus transfer will offer only partial support to the government’s strained fiscal position amid the continuing crisis in West Asia.

Lenskart reported a Q4 profit decline despite a 32% revenue surge to Rs 2,564.7 crore, driven by store expansion and international growth. For FY26, net profit rose to Rs 500.9 crore on Rs 8,988.3 crore revenue. The eyewear retailer is focusing on AI integration and expanding its omnichannel presence.

US stocks advanced on Friday, nearing all-time highs as easing bond market pressure boosted investor sentiment. Strong retail and tech earnings, with companies like Ross Stores and Zoom exceeding expectations, fueled the gains. Global markets also saw positive movement, with Japan's Nikkei reaching a record.

California Governor Gavin Newsom has proposed expanding the state's sales tax to include digital prewritten software, aiming for parity with physical software sales. This move could impact software and SaaS companies, drawing comparisons to digital services taxes in other countries. The proposal, if approved, is projected to generate significant revenue for the state.

ITC Hotels showcased strong financial results, with Q4 FY26 revenue climbing 18% to Rs 1,254 crore and net profit up 22% to Rs 314 crore. Full-year revenue rose 16% to Rs 4,139 crore, while net profit surged 39% to Rs 888 crore. The company plans significant expansion, aiming for 250 hotels by 2031.

Tata Steel reported a more than two-fold jump in consolidated net profit to Rs 2,965 crore for the January-March quarter of FY26, driven by strong India operations and improved volumes. For the full fiscal year, net profit surged over three times to Rs 10,885.82 crore, with steel production and deliveries also seeing an increase.