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Reliance Industries reported an 8.1% drop in March quarter profit. Geopolitical issues impacted the energy business. However, telecom and retail units performed well. Full-year profit saw an 18.5% rise. Jio Platforms and Reliance Retail showcased significant growth. The company declared a dividend for FY26.
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In a remarkable financial turnaround, IndusInd Bank reported a net profit of ₹594 crore for the quarter ending March 2026. This surge was largely due to lower provisions and effectively managed loan slippages. For the entire fiscal year FY26, the bank’s profit reached ₹889 crore.
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JP Morgan has downgraded India to neutral. Elevated valuations and earnings risks are cited. HSBC also downgraded India. Inflationary pressures and demand concerns may impact growth. India’s historical premium is facing challenges. Other emerging markets offer cheaper entry points for similar growth.
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