3 hours ago

UltraTech Cement reported a consolidated net profit of INR 3,000.02 crore for the March quarter of FY26, reflecting growth over the corresponding period last year. Revenue from operations increased to INR 25,799.47 crore, supported by higher sales volumes across housing, infrastructure, and commercial construction segments. The company recorded its highest-ever quarterly sales volumes, with domestic grey cement dispatches rising to 42.41 million tonnes. Full-year profit crossed INR 8,000 crore for the first time, while capacity expansion and acquisitions impacted comparability with the previous year. The company also announced a special dividend, alongside continued progress in diversifying into new business segments.Read more

5 hours ago

Land acquisitions for real estate projects across India declined marginally to 2,994 acres in FY26, according to data released by Anarock. A total of 111 transactions were recorded during the year, compared to 143 deals covering 3,071.14 acres in the previous fiscal. Listed developers accounted for nearly half of the activity, securing 1,433 acres across 54 deals, reflecting their growing market share. The acquisitions included outright purchases and joint development agreements, with activity spread across metro and emerging Tier II–III cities. Industry consultants indicated that access to institutional capital and regulatory compliance are increasingly favouring larger, listed players in land aggregation.Read more

29 Apr 2026

Bajaj Housing Finance reported a net profit of INR 669 crore for the March quarter of FY26, reflecting a 14 per cent year-on-year increase, supported by growth in housing loans. Total income rose to INR 2,903 crore, while net interest income increased 15 per cent. The company also reported improvement in asset quality, with gross non-performing assets declining to 0.27 per cent. Assets under management expanded to INR 1.4 lakh crore, marking a 23 per cent annual growth. For the full financial year, net profit rose 18 per cent to INR 2,560 crore, indicating sustained expansion in lending operations.Read more

29 Apr 2026

Bagmane Prime Office REIT is set to launch its INR 3,405 crore initial public offering, with the issue opening for subscription on May 5 and closing on May 7. The offering comprises a fresh issue of INR 2,390 crore and an offer-for-sale of INR 1,015 crore. Proceeds will be used to acquire office assets in Bengaluru, including properties within Bagmane Capital Tech Park and Bagmane Rio Business Park. The REIT holds a portfolio of six Grade A+ office parks spanning over 20 million sq ft, with high occupancy and a tenant base comprising multinational corporations.Read more

29 Apr 2026

Axis Bank’s shares declined after the lender reported slightly weaker-than-expected quarterly earnings, impacted by higher provisions linked to global macro uncertainties. The bank also approved a USD 2 billion equity fundraise, which added to investor caution. While profit saw a marginal decline, a tax writeback related to its Citibank deal helped offset some of the provisioning impact. Market sentiment remained cautious, though analysts indicated that the one-time provision should not be over-interpreted, given the bank’s underlying financial stability and broader growth outlook.Read more

29 Apr 2026

Sales of affordable homes priced below INR 50 lakh declined 23% year-on-year to 16,273 units during the January–March quarter across eight major cities, according to Knight Frank India. The drop has been attributed to reduced new supply amid rising input costs, particularly land. Lower and mid-income segments also recorded declines, while higher-value housing categories saw growth. Overall residential sales fell 4% to 84,827 units, with demand increasingly skewed towards premium housing. The share of homes priced below INR 1 crore reduced to 47%, reflecting affordability pressures and shifting buyer preferences amid rising property prices and global uncertainties.Read more

29 Apr 2026

Adani Energy Solutions Ltd reported a marginal rise in quarterly profit, supported by higher income and steady operational performance. The company’s adjusted profit showed stronger growth after accounting for a one-time tax impact in the previous year. For the full financial year, profit more than doubled, reflecting improved scale and execution across segments. Its transmission business continues to expand with a large under-construction pipeline, while smart metering remains a key growth driver with significant ongoing projects. The regulated asset base also recorded consistent growth, indicating stable expansion in its core infrastructure portfolio.Read more

29 Apr 2026

Vedanta Power has completed disbursement of compensation to families affected by a boiler-related incident at its Raigarh district plant in Chhattisgarh. The company provided INR 35 lakh each to families of deceased workers and INR 15 lakh to those injured. It has also outlined further support including possible employment opportunities for dependents, education assistance up to Class 12, and skill development training. A crisis management team is managing relief measures such as medical care, counselling, and logistical assistance. The incident, involving a steam tube explosion at the plant in Singhitarai village in mid-April, resulted in multiple fatalities and serious injuries.Read more

29 Apr 2026

Digital-first insurer ACKO has appointed ICICI Securities, Morgan Stanley and Kotak Securities as book-running lead managers for its proposed initial public offering, according to sources. The Bengaluru-based company is targeting a valuation of USD 2–2.5 billion and is expected to file draft papers with the market regulator in the coming months. The IPO is likely to include both a fresh issue and an offer-for-sale by existing investors. Founded in 2017, ACKO operates on a direct-to-consumer model, differentiating itself from traditional insurers. The company reported INR 2,837 crore in revenue in FY25, reflecting strong growth alongside a reduction in losses.Read more

29 Apr 2026

India’s real estate sector recorded a sharp decline in deal value during the first quarter of 2026, even as transaction volumes remained strong. According to Grant Thornton Bharat, total deal value stood at USD 763 million, down 63% from the preceding quarter, largely due to the absence of large-ticket transactions. The quarter saw 32 deals, marking one of the highest volumes on record. Private equity investments and M&A activity both declined significantly, while capital market activity remained muted with no IPOs or QIPs. Investment interest continued to favour commercial assets, particularly office and retail segments, with domestic investors leading activity amid a more selective investment environment.Read more