Birla Corporation reported a 15% year-on-year increase in net profit for the March-ended quarter. Revenue rose modestly while the company announced a dividend payout.
Birla Corporation achieved consolidated net profit of Rs 295 crore in the quarter ending March. This marked a 15% gain compared with the same period a year earlier. Revenue edged up 0.8% to Rs 2,836 crore during the three months.
Tata Consumer Products posted a consolidated net profit of Rs 419 crore for the fourth quarter, marking a 21% increase from the previous year. Revenue from operations grew 18% year-over-year to Rs 5,434 crore.
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Bank of Baroda reported an 11.2 percent increase in consolidated profit for the fourth quarter. Profit after tax reached Rs 5,616 crore, helped by higher net interest income and improved asset quality.
Shares of Union Bank of India dropped 10% over two days following the release of its fiscal fourth quarter results for 2026. Despite a rise in net profit, the earnings disappointed brokerages due to weak net interest income and a sharp increase in provisions. Analysts expressed caution over elevated credit costs and limited near-term upside.
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Shares of ICICI Prudential Asset Management Company fell 3.4% following the release of its March quarter earnings. The results showed steady performance with strong revenue growth and improved operating metrics, though quarterly profit moderated sequentially. Annual earnings stayed robust amid expanding assets under management and a growing investor base.