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For the full year,net profit rose 15.98% to Rs 80775.00 crore in the year ended March 2026 as against Rs 69648.00 crore during the previous year ended March 2025. Sales rose 9.59% to Rs 1057219.00 crore in the year ended March 2026 as against Rs 964693.00 crore during the previous year ended March 2025.
Gross revenue rose 12.9% YoY to Rs 325,290 crore, supported by robust momentum in its oil-to-chemicals (O2C), digital services and retail businesses. However, the oil and gas segment weighed on overall performance due to a natural decline in KG-D6 gas production.
EBITDA remained stable at Rs 48,588 crore during the quarter, as strong earnings growth in digital services and a positive contribution from retail were offset by weakness in energy businesses.
On the cost front, depreciation increased 9.9% YoY to Rs 14,808 crore, while finance costs rose 7.0% YoY to Rs 6,585 crore, primarily due to the operationalisation of 5G spectrum assets. Tax expenses declined marginally by 1.3% YoY to Rs 6,579 crore.
For the full year FY26, profit after tax including associates and JVs rose 17.8% YoY to Rs 95,754 crore. Gross revenue increased 9.8% YoY to Rs 11,75,919 crore, while EBITDA grew 13.4% YoY to Rs 207,911 crore.
Annual depreciation rose 8.6% YoY to Rs 57,688 crore, driven by higher charges in the digital services business. Finance costs climbed 11.5% YoY to Rs 27,061 crore, again linked to 5G investments, while tax expenses increased 9.2% YoY to Rs 27,552 crore. Capital expenditure for the year stood at Rs 144,271 crore, reflecting continued investments across O2C, retail, telecom and new energy initiatives.
Chairman Mukesh Ambani said the company navigated a challenging macro environment marked by geopolitical tensions, volatile energy prices and shifting global trade dynamics, supported by its diversified and domestically focused portfolio.
Segment Performance (Q4 FY26):
Jio Platforms delivered strong growth during the quarter, with revenue rising 12.7% YoY to Rs 44,928 crore and profit increasing 13% YoY to Rs 7,935 crore. EBITDA grew 17.9% YoY to Rs 20,060 crore, supported by subscriber additions, higher ARPU and margin expansion. ARPU stood at Rs 214, up 3.8% YoY, aided by better subscriber mix and engagement, though partly impacted by fewer days in the quarter. The subscriber base crossed 524 million, including 268 million 5G users.
Reliance Retail also posted steady growth, with revenue rising 10.8% YoY to Rs 98,232 crore. EBITDA came in at Rs 6,921 crore, up 3.1% YoY, while profit rose marginally by 0.5% YoY to Rs 3,563 crore. The business added 1,564 stores during FY26, taking the total count to 20,160, while its customer base expanded to 387 million.
The O2C segment saw revenue increase 12.4% YoY to Rs 184,944 crore, aided by higher crude prices and improved domestic fuel volumes. However, EBITDA declined 3.7% YoY to Rs 14,520 crore due to elevated feedstock costs, higher freight and insurance expenses, under-recoveries in fuel retailing, and the impact of export duties.
In the oil and gas segment, revenue fell 8.9% YoY due to lower gas price realisations and reduced volumes from KG-D6. EBITDA declined 18.1% YoY to Rs 4,195 crore, impacted by higher operating costs and government levies.
Meanwhile, the JioStar business reported revenue of Rs 9,784 crore and EBITDA of Rs 827 crore for the quarter, with strong traction in digital streaming and broadcast viewership.
Reliance Industries is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail and digital services.
The counter fell 1.15% to settle at Rs 1327.65 on Friday, 24 April 2026.
In the cash market, the Nifty 50 index surged 873.70 points or 3.78% to 23,997.35.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, was down 20.23% to 19.70.
HDFC Bank, Reliance Industries and Larsen & Toubro were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The April 2026 F&O contracts will expire on 28 April 2026.
In the cash market, the Nifty 50 index surged 155.40 points or 0.68% to 23,123.65.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, was down 3.03% to 24.70.
HDFC Bank, Reliance Industries and Infosys were the top-traded individual stock futures contracts in the F&O segment of the NSE.
Consumer durables, realty and private bank shares witnessed strong buying interst while oil& gas, pharma and media shares traded lower.
At 13:25 ST, the barometer index, the S&P BSE Sensex, advanced 496.73 points or 0.68% to 73,816.28. The Nifty 50 index rose 158.65 points or 0.70% to 22,871.75.
In the broader market, the BSE 150 MidCap Index advanced 0.81% and the BSE 250 SmallCap Index rose 0.77%.
The market breadth was negative. On the BSE, 3,000 shares rose and 1,204 shares fell. A total of 212 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 0.90% to 25.75.
RBI MPC update:
The Reserve Bank of India’s Monetary Policy Committee (MPC) has begun its first meeting for FY 2026–27, scheduled from April 6 to April 8, with the policy announcement due on the final day.
Economists largely expect the central bank to keep the repo rate unchanged at 5.25%, as inflationary pressures remain a concern. Ongoing geopolitical tensions in West Asia are seen as a key risk to price stability, prompting policymakers to adopt a cautious approach despite earlier rate cuts.
Economy:
India’s services sector saw a slight cooling in momentum in March, with the seasonally adjusted HSBC India Services PMI Business Activity Index easing to 57.5 from 58.1 in February. This marks the slowest pace of expansion in 14 months.
Gainers & Losers:
Trent (up 7.05%), Titan Company (up 3.50%), Axis Bank (up 2.93%) and Shriram Finance (up 2.67%) were the major Nifty50 gainers.
Reliance Industries (down 3.49%), JSW Steel (down 1.89%), Oil & Natural Gas Corporation (ONGC) (down 1.43%), Max Healthcare (down 1.18%) and Dr Reddy’s Laboratories (down 0.84%) were the major Nifty50 losers.
Stocks in Spotlight:
HDFC Bank rose 2.36% after the bank’s average deposits jumped 12.8% to Rs 28,51,100 crore crore in Q4 FY26 compared with Rs 25,28,000 crore in Q4 FY25.
Kotak Mahindra Bank rose 0.29%. The bank’s average total deposits rose 14.9% YoY to Rs 5,38,301 crore as of 31 March 2026, compared with Rs 4,68,486 crore as of 31 March 2025. The bank’s average CASA deposits stood at Rs 2,11,898 crore as of 31 March 2026, registering a 12.7% YoY growth and a 1.9% QoQ rise.
IndusInd Bank rose 0.18%. The bank reported a 2.6% decline in deposits to Rs 4,00,178 crore as of 31 March 2026, compared with Rs 4,10,862 crore as of 31 March 2025. Retail deposits and deposits from small business customers stood at Rs 1,91,276 crore as of 31 March 2026, compared with Rs 1,85,180 crore as of 31 March 2025.
Avenue Supermarts (Dmart) jumped 2.87% after the company reported a 18.96% jump in standalone revenue to Rs 17,204.50 crore in Q4 March 2026 compared with Rs 14,462.39 crore posted in corresponding quarter last year.
Axis Bank rallied 3.20% after the bank reported steady growth in key business metrics for the quarter ended 31 March 2026, driven by continued traction in advances and deposits. Total deposits rose to Rs 13,35,800 crore, up 6.0% QoQ and 13.9% YoY. Gross advances stood at Rs 12,44,200 crore as of 31 March 2026, registering a 6.3% quarter-on-quarter (QoQ) rise and an 18.4% year-on-year (YoY) increase, reflecting sustained credit demand.
L&T Finance jumped 4.85% after the company’s retail disbursement climbed 62% to Rs 24,080 crore in Q4 FY26, compared with Rs 14,899 crore recorded in Q4 FY25.
Senco Gold zoomed 12.45% after the company’s standalone revenue jumped 46% YoY, led by wedding season. On annual basis, the company achieved revenue growth of 35% in FY26 comapred with 21% in FY25.
Vedanta added 0.61%. The company’s aluminium production jumped 2% to 613,000 tonnes in Q4 FY26, compared with 604,000 tonnes posted in Q4 FY25, supported by majorly through operational efficiencies.
Bank of Baroda rose 2.70% after the bank reported a 16.23% increase in global advances to Rs 14,30,204 crore as of 31 March 2026, compared with Rs 12,30,461 crore as of 31 March 2025. Global deposits increased 12.00% YoY to Rs 16,48,650 crore as of 31 March 2026, up from Rs 14,72,035 crore in the same period last year.
Nykaa surged 2.70% after it has reported a strong operational performance for the quarter ended 31 March 2026, with consolidated GMV growth in the high twenties and net sales value (NSV) growth in the low thirties.
Aurobindo Pharma rose 0.09%. The company said its board has approved a share buyback of up to Rs 800 crore at a price of Rs 1,475 per equity share through the tender offer route. The company plans to repurchase up to 54,23,728 fully paid-up equity shares, representing about 0.93% of its total paid-up equity capital. As per the latest available shareholding data, promoters and promoter group entities hold a 51.82% stake in the company.
Global Markets:
European market is closed today on account of Easter Monday.
Japan and South Korean stocks rose Monday, while most Asian markets were closed for holidays, as investors parsed the latest developments in the Middle East conflict over the weekend.
President Donald Trump on Sunday issued a fresh round of threats to attack Iran’s power plants and civilian infrastructure starting Tuesday, if Tehran failed to fully reopen the Strait of Hormuz.
The key oil chokepoint between Iran and the Arabian Peninsula handled about one-fifth of the world’s oil supplies before the war between U.S.-Israel and Iran started on Feb. 28.
In an expletive-laden social media post, Trump vowed to bring 'Hell” to Iran after U.S. forces rescued an American airman in Iran last week.
He later posted about a 'Tuesday 8 P.M. Eastern Time” deadline without elaborating. The White House on Sunday told MS NOW that the date is the new deadline for Iran to reach a deal with the U.S.
Trump said he will hold a press conference 'with the Military” at the Oval Office at 1 p.m. on Monday.
Iran has pushed back against Trump’s ultimatum to reopen the Strait of Hormuz, saying that the critical waterway would only reopen fully after damage from the war is compensated. Tehran has continued strikes on economic and infrastructure targets in the neighboring Gulf region, including Kuwait’s oil headquarters.
Eight members of the Organization of the Petroleum Exporting Countries and allies raised their production quotas on Sunday by 206,000 barrels per day for May, though the move appeared largely symbolic as the war has constrained shipments from several members.
On Thursday, the Dow Jones Industrial Average slipped in volatile trading as oil prices surged following President Donald Trump’s remarks that the Iran war would continue for weeks.
The blue-chip Dow declined 61.07 points, or 0.13%, closing at 46,504.67. The S&P 500 advanced 0.11% to end at 6,582.69, and the Nasdaq Composite gained 0.18% to settle at 21,879.18.
In the cash market, the Nifty 50 index surged 255.15 points or 1.12% to 22,968.25.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, was down 0.20% to 25.47.
HDFC Bank, Reliance Industries and Trent were the top-traded individual stock futures contracts in the F&O segment of the NSE.
In the cash market, the Nifty 50 index tumbled 422.40 points or 1.73% to 24,028.05.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, was up 17.51% to 23.36.
HDFC Bank, Reliance Industries and State Bank of India were the top-traded individual stock futures contracts in the F&O segment of the NSE.
The March 2026 F&O contracts will expire on 30 March 2026.