1 / 12Kotak Mahindra Bank | Net profit for the quarter increased by 13% from last year to ₹4,027 crore. Net Interest Income increased by 8% to ₹7,876 crore from ₹7,284 crore last year. Net Interest margins narrowed by 30 bps to 4.67% from 4.97% last year. Provisions were down 36% sequentially, fresh slippages down from ₹1,605 crore in December to ₹1,018 crore in March, while Gross and Net NPAs improve to 1.2% and 0.25% from 1.42% and 0.31% in the previous quarter respectively. Management tells CNBC-TV18 that the deposit market will see tightening in FY27 and there will be a gradual reduction in NIMs. They also did not rule out looking at IDBI Bank again once bids reopen.
2 / 12Avenue Supermarts | Revenue up 19% from last year to ₹17,683 crore. EBITDA up 27% year-on-year to ₹1,210 crore. EBITDA margin at 6.84% from 6.42% year-on-year. Management says gross margin saw slight improvement and costs are largely in-line with growth in business. Geopolitical tensions did lead to some spike in consumer buying n March but normalized towards the end of the month. Have not witnessed any supply chain disruptions so far during the quarter. Opened 58 stores in Q4. Discontinued operations of DMart Ready in one city during the quarter.
3 / 12Mazagon Dock Shipbuilders | Revenue up 21% from last year to ₹3,850 crore led by strong execution. EBITDA up 355% to ₹543 crore, while margins expand to 14.1% from 3.8% last year. Operating performance strong on a low base. Sequentially, the performance is weak with 7% revenue growth, 38% decline in EBITDA and a 10 percentage point reduction in margins. Profitability supported by reduction in employee expenses and provision write-back of ₹193 crore. Production cost increased to 73% of revenue from 64% last year. FY26 revenue growth of 14% higher than guidance. Updates on P75I submarine order key to watch.
4 / 12Indus Towers | Revenue declined by 0.6% on a sequential basis but grew 4.8% from last year. EBITDA margin at 55.1% from 55.3% in the previous quarter, impacted by higher repair and maintenance costs and worsening energy spreads. Dividend of ₹14 per share is lower than street expectations. Master Service Agreement for a small portion of towards from a customer have expired and renewal has not happened. A bear case scenario of the customer exiting could impact share price by ₹50 apiece, according to IIFL.
5 / 12Vodafone Idea | Department of Telecom cuts company’s outstanding AGR dues by 27% to ₹64,046 crore from ₹87,695 crore. The relief falls short of market expectations that was hoping for a 50% reduction. While there is relief on the AGR front, the company still has sizeable spectrum dues worth nearly ₹49,000 crore payable over the next three years. Total spectrum debt still at ₹1.2 lakh crore.
6 / 12Zen Technologies | Revenue down 45.2% to ₹178 crore. EBITDA down 63% from last year to ₹51 crore. EBITDA margin narrows to 28.6% from 42.5% last year. Net profit narrows to ₹31 crore from ₹101 crore year-on-year. The company’s board has approved the appointment of Dr. Sreenivas Rao Yellamanchali as the Chief Technology Officer (CTO) with effect from May 06, 2026.
7 / 12Central Bank of India | Net Interest Income (NII) up 17% from last year to ₹4,002 crore. Net profit down to ₹724.4 crore from ₹1,033 crore from last year. Gross NPA at 2.67% from 2.7% last quarter. Net NPA at 0.49% from 0.45% last quarter. Profitability impacted due to drop in other income and increase in provisions for NPAs. Provisions for NPAs up to ₹647 crore from ₹276 crore in the previous quarter.
8 / 12ideaForge | Revenue up 7x from last year to ₹141 crore led by strong execution. As guided earlier, the company executed 40% of the overall order book. The company also reported a net profit of ₹60 crore as against a loss of ₹26 crore last year. EBITDA of ₹62 crore from EBITDA loss of ₹22 crore year ago. EBITDA margin at 44%. Material cost at 11% of revenue from 67% last year and 51% in the December quarter. FY26 order inflow at ₹530 crore and FY27 order book has opened at ₹314 crore.
9 / 12CDSL | Total income down 20% on a sequential basis to ₹268 crore. Net profit down 40% from the previous quarter to ₹80 crore. Opened around 2.7 crore new demat accounts during the year, taking the total tally to 18 crore+ at the end of financial year 2026. Demat custody down to ₹77 lakh crore from ₹85 lakh crore in the previous quarter. Income impacted due to decline in IPO-related charges and other income.
10 / 12APL Apollo Tubes | Revenue up 14.1% from last year to ₹6,076 crore. Operating profit up 39% from last year to ₹318 crore. EBITDA per tonne at multi-quarter high of ₹5,525 from ₹4,864 last year. Volumes up 8.8% from last year to ₹925 crore. The company also turned net cash with balance of ₹1,530 crore at the end of the year, and also declared a final dividend of ₹8.5 per share.
11 / 12Adani Enterprises | Net loss of ₹220.7 crore from net profit of ₹3,844.9 crore last year. Revenue up 20.3% year-on-year to ₹32,439.3 crore. EBITDA flat at ₹3,731 crore. EBITDA margin at 11.5% from 13.8% last year.
12 / 12Equitas Small Finance Bank | Net profit at ₹213 crore from ₹42 crore last year. Net Interest Income (NII) up 18.2% from last year to ₹980 crore from ₹829 crore. Gross NPA at 2.6% from 2.75% in the previous quarter, while Net NPA at 0.72% from 0.92% in the previous quarter.
