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Net Profit At Rs 178.5 Cr Vs Loss Of Rs 81.4 Cr (YoY)

Revenue At Rs 1,824 Cr Vs Rs 800.7 Cr (YoY)

EBITDA At Rs 315 Cr Vs EBITDA Loss Of Rs 36 Cr (YoY)

Indegene To CNBC-TV18:

Expect Positive Growth Momentum From BioPharm

Expect Growth To Accelerate From Current Levels Of 23% In FY27

Expect Better EBITDA Margin in FY27

HUL Says:

Have Taken 2-5% Price Hikes Across Portfolio

Maintain Our Earlier Projection That FY27 Will Be Better Than FY26

West Asia Crisis Has Disrupted Crude & Crude Linked Commodities

Volume Growth Remains The Top Priority

FY27 Margin Expected To Stay Within Guided Range Of 22.5-23.5%

Seeing Encouraging Results Of Our Strategic Actions

Strong Cash Flows Are Providing Flexibility For Growth

Have Responded To Rising Inflation With Calibrated Price Increases, Other Steps

Will Focus On Liquids Portfolio Across Home Care, Fabric Wash & Personal Care

Continue To Remain Focused On Scaling The Food Biz

We are Navigating Short-term Volatility But Are Focused Long Term

Newgen Software Q4:

Net Profit (GU)69.2% At `106.3 Cr Vs `62.8 Cr (QoQ)

Revenue (GU)13% At `452.7 Cr Vs `400.3 Cr (QoQ)

Net Profit (RD)1.9% At `106.3 Cr Vs `108.3 Cr (YoY)

Revenue (GU)5.3% At `452.7 Cr Vs `430 Cr (YoY)

EBIT (GU)7.2% At `151.6 Cr Vs `141.4 Cr (YoY)

Margin At 33.5% Vs 32.9% (YoY)

The stock declined 5% even as the company reported strong growth in the March quarter.

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Neetish Sarda, Smartworks Coworking On CNBC-TV18:

10 msqft Operational Footprint, Additional 6 msqft Secured

Expect 19% EBITDA Margin In FY27

Expect FY26 Rev Growth Momentum Of Around 30% To Continue In FY27

Expect Around 30% Growth Momentum To Continue Into FY27

Around 90% Of Revenue Comes From Annuity Business

Free Cash Flow Currently Marginally -ve, Expected To Turn +ve Over The Next Few Quarters

No Additional Funding Requirements Anticipated

Raamdeo Agrawal, MOFSL On CNBC-TV18:

Delivered Brilliant Operating Performance In FY26

Retail Broking Faced Regulatory Headwinds In FY26

Expect Strong Retail Broking Volumes In FY27

STT Hike Has Not Significantly Impacted F&O Volumes

70–80% Of FY26 Mark-To-Market Losses Already Recovered In April 2026

Treasury Segment Is Very Important For Our Business

Capital Market Companies Currently Enjoy Strong Tailwinds With Steady Retail Inflows

Every Month, 3 Mn Retail Customers Are Added To The Markets

Proud To Be Among The Top 25 Great Places To Work In India

Despite FII Outflows, Domestic Investors Continue To Buy In The Market

North East India Represents One-Third Of The Population And One-Sixth Of GDP Contribution

BJP Likely To Return To Power In West Bengal, Seen As A Positive For India

Crude Price Hike Remains A Key Challenge

Markets Are Not Pricing Crude Above $100, Sustained Levels Could Be Detrimental

Forex Reserves Remain Resilient Despite The West Asia Conflict

Cautious On Markets In The Near Term, Bullish In The Long Term

Do Not Rule Out A 10% Market Correction From Current Level

Smartworks Coworking Q4:

Net Profit At Rs 16.6 Cr Vs Loss Of Rs 8.3 Cr (YoY)

Revenue up 45% At Rs 519.6 Cr Vs Rs 358.4 Cr (YoY)

EBITDA up 45.6% At Rs 338.2 Cr Vs Rs 232.3 Cr (YoY)

Margin At 65.1% Vs 64.8% (YoY)

HUL Board Approves Dividend Of Rs 22 Per Share

Net Profit up 20.9% At Rs 2,992 Cr Vs Rs 2,475 Cr (YoY)

Revenue up 7.6% At Rs 16,351 Cr Vs Rs 15,190 Cr (YoY)

EBITDA up 6% At Rs 3,841 Cr Vs Rs 3,619 Cr (YoY)

Margin At 23.5% Vs 23.8% (YoY)

Volume Growth At 6% Vs CNBC-TV18 Poll Of 4-5%

Ajay Kumar Srivastava, MD & CEO, Indian Bank On CNBC-TV18:

Deposit Growth At 12%, Above The 8–10% Guidance Range

Credit Costs Rose Due To `400 Cr Memorandum Of Change (MoC)

1,000 Cr Accounts Upgraded From SMA-2 To SMA-1

No Expectation Of Rate Cuts Or Hikes, NIM Impact Likely To Be Marginal

`310 Cr Provisions Made Of West Asia Crisis

Growth Momentum Expected To Continue, No Anticipated Impact From West Asia

Growth In Upcoming Quarters Will Be Largely Led By RAM & Retail Seg

Growth In Corporate Segment Also Picking Up

Venkatraman V, Executive Director, Federal Bank On CNBC-TV18:

Gold Loans Grew 9% QoQ, Accounts For 14% Of Advances

Not Looking At Capping Growth In Gold Loans

Operationally, A Very Strong Quarter For Us

No Material Impact Yet From West Asia Crisis, Potential Effects May Begin From Q2 If It Persists

Looking To Grow NIMs By 5-6 bps Per Quarter For FY27

Looking To Grow Advances In Mid-teens, Need For Being Prudent And Cautious

Expect 15-20 bps Improvement On Fee Assets In FY27

No Plans To Spin Off The Wealth Business Launched In March

Targeting The Mass Affluent In Wealth Biz

Saw Positive Trend In Remittances In March, Market Share Up Near 20%

Hitesh Doshi, CMD, Waaree Energies On CNBC-TV18

Commodity Prices Faced Pressure In Q4, Likely To Continue In Q1FY27

Earnings Expected To Improve In FY27, Driven By Increased Biz In Ingots, Wafers, & Others

EBITDA Margin Will Continue To Be In The Range Of 20% In FY27

Syngene is up 8%, while MOIL is down over 4% post earnings.

Bajaj Finance is the top Nifty 50 gainer. It is up 4% post strong Q4 results, brokerage upgrade.

The stock is down 7.6% at the moment reacting to its fourth quarter earnings.

HSBC on Bajaj Fin:

Buy, Target Price Rs 1100

QFY26: Key positive was guidance that credit costs could decline by 15-30bp y-o-y in FY27, rest was in line

Cut FY27/28e EPS by 1.0-2.3%; overall estimate a robust 26.5% EPS CAGR over FY26-28

BAF guided for AUM growth between 22- 24% y-o-y, marginal moderation in NIM and non-interest income growth between 16- 18%

cst to income ratio should improve by 25-4bps in FY27; would help BAF to achieve ROA between 4.4-4.6% & ROE between 19-20%

Ajay Goel, CFO, Vedanta To CNBC-TV18:

Expect 5 Vedanta Entities To Be Listed By 2nd Half Of June 2026

Trends For Global Aluminium Dynamics Are Very Strong

Currently Making Nearly $2,000/t Of EBITDA On Aluminium Business

In FY27, Aluminium EBITDA Could Be Much Higher Than `30,000 Cr

Exports Are More Than Imports, So Rupee Depreciation Aids EBITDA By Rs 1,000 Cr

Currency Depreciation & Premium On Aluminium Are Tailwinds

Higher Freight Costs Will Offset Some Part Of The Benefits

In Next 3 Years, Vedanta Resources Debt Will Come Down To $3 Bn

In FY27, Expect De-leveraging Of Balancesheet By $1.5 Bn In Listed Entity

Athena Power Incident Was Very Unfortunate

Athena Power Was Outsourced To A Third Party & A Thorough Investigation Is Ongoing

JP Associates Case Is Sub Judice, Will Wait By For The Order To Be Out Next Week

Jefferies on Navin Fluorine:

Buy, Target Price at ₹8385

NFIL reported strong beat with EBITDA/PAT 19%/30% ahead of Jefferies estimetaes, driven by strength in Specialty Chemicals and CDMO.

Multi-year contracts in CDMO and agchem, potential ramp-up of data center cooling product and R32 capacity expansion provide visibility on earnings growth over FY27-28

Balance Sheet is net cash

Upgrade FY27/28E PAT 5%/11% & project 24% EPS CAGR over FY26-28E.

Shares of IIFL Finance Ltd. will be in focus on April 30, after the company reported a strong set of Q4 numbers. HSBC has raised its price target to ₹550, while Nomura has cut its price target to ₹500 on the stock. Read here

Shares of Mphasis Ltd. are in focus today, after the company reported a good fourth quarter, which was in-line to slightly ahead of estimates. Constant currency revenue growth came in at 2.5% compared to estimates of 2.4% on a sequential basis. Read here

Investec on Federal Bank:

Buy, Target Price raised to Rs 325

FB reported a healthy quarter with PBT up 16% YoY and RoA adjusted for one-off tax benefits at 1.2%.

While NII was in line, core PPOP (+31% YoY) came in ~8% ahead of estimates led by lower opex and higher fee income

Bank used one-off interest on IT refund (Rs 4.7bn) gain to hike PCR (to 88% vs 76% in 3Q) while credit cost at 45bp (vs 55bp in 3Q) was lower than expected.

Loan growth picked up to 13% YoY (though still lagging system), driven by gold loans and commercial banking, while CASA remained a key positive with strong 20% YoY growth in average balances (CASA ratio now at 33% vs 30% in FY25).

Jefferies on Piramal Pharma:

Buy, Target Price at Rs 190

Q4 was in line operationally.

For FY27, Piramal has guided for early to mid-teens revenue growth (in INR terms) and EBITDA & PAT growth faster than revenue.

Guidance excludes contribution from a large patented commercial project, which witnessed destocking in FY26.

CDMO is witnessing good RFP momentum and healthy pickup in order inflows

Cut FY27-28 Ebitda est by 8-21%.

Nomura on CEAT:

Buy, Target Price at Rs 4276

Strong growth may help pass on costs over time

Growth initiatives on track; gradual pass-through of steep cost hikes to keep near term margins subdued

Raise revenue by 8-9% to factor in price hikes, but cut EBITDA margin to 10.5%/ 12.1% (13.5%/13.7% earlier) for FY27/28F given time lag in passing on costs

Drives 16%/3% cuts in EBITDA & 30%/8% cuts in EPS for FY27F/28F.

CITI on Bajaj Finance:

Upgrade to Buy, Target Price at Rs 1,120

Posted 22% PAT growth, delivering RoA of 4.6% (ahead of CitiE).

Core credit costs improved to 1.75% (vs CitiE of 1.88%), underpinned by deceleration in stress formation.

It prudently created overlay buffer of Rs1.4bn.

Mgmt. guides for FY27 credit costs at 1.45-1.60% (15-30bps step-down from FY26), drawing confidence from improvement across 3MOB/6MOB/9MOB vintage buckets.

Two key headwinds that constrained FY26 AUM to 22%—MSME stress and captive 2W/3W rundown—are firmly in rearview.

Mgmt guides for 22-24% AUM growth in FY27 (2x system-average growth), though long-term growth is revised to 23-25% vs 25-27% earlier.

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