Stocks to Watch: Reliance Industries, Paytm, Wipro, Indian Hume Pipe, JK Cement, Alembic Pharmaceuticals, Axis Bank, IndusInd Bank, Can Fin Homes, Tanla Platforms in Focus on April 27
Stock Market Update: Key Earnings and Deals to Watch
The stock market is in focus today as several companies announce their quarterly earnings. A total of 24 companies, including Coal India, UltraTech Cement, and Adani Total Gas, will release their financial results, providing insights into their performance in the last quarter.
Reliance Industries Posts Mixed Results
Reliance Industries, one of India's largest conglomerates, reported a 8.9% decline in profit to Rs 20,589 crore for the quarter ended March 2026, compared to Rs 22,611 crore in the same period last year. However, revenue grew by 12.9% to Rs 3.25 lakh crore, driven by strong performance in its oil-to-chemicals business. The company's EBITDA margin slipped 200 basis points to 14.9% due to higher raw material costs.
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
Jio Platforms Surges Ahead
Jio Platforms, the digital services arm of Reliance Industries, reported a 13% jump in profit to Rs 7,935 crore for the quarter ended March 2026, compared to Rs 7,023 crore in the same period last year. Revenue grew by 12.7% to Rs 44,928 crore, driven by strong growth in its mobile and broadband services. The company's EBITDA margin expanded 230 basis points to 52.4%.
| Company | Earnings | Revenue Growth | EBITDA Margin |
|---|---|---|---|
| Reliance Industries | Rs 20,589 crore (-8.9%) | 12.9% | 14.9% (-200bps) |
| Jio Platforms | Rs 7,935 crore (13%) | 12.7% | 52.4% (+230bps) |
Axis Bank and IndusInd Bank Report Mixed Results
Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
Axis Bank reported a 0.6% decline in profit to Rs 7,071.3 crore for the quarter ended March 2026, compared to Rs 7,117.5 crore in the same period last year. Net interest income grew by 4.7% to Rs 14,457.2 crore, while provisions and contingencies surged 159.1% to Rs 3,522.2 crore. IndusInd Bank, on the other hand, reported a profit of Rs 532.71 crore for the quarter ended March 2026, compared to a loss of Rs 2,236 crore in the same period last year. Net interest income grew by 43.4% to Rs 4,371.5 crore.
| Company | Earnings | Net Interest Income | Provisions and Contingencies |
|---|---|---|---|
| Axis Bank | Rs 7,071.3 crore (-0.6%) | 4.7% | Rs 3,522.2 crore (+159.1%) |
| IndusInd Bank | Rs 532.71 crore | 43.4% | Rs 1,484.3 crore (-38.6%) |
Other Key Developments
- Paytm Payments Bank has been cancelled by the Reserve Bank of India, effective April 24.
- Wipro has announced a strategic partnership with Kongsberg Digital to deploy AI-powered digital twin solutions for the energy and utilities sector.
- Indian Hume Pipe Company has received a Letter of Intent worth Rs 417.97 crore for the construction of headworks and a closed pipe distribution system in Maharashtra.
- Pine Labs has approved the acquisition of a 100% stake in Shopflo Technologies for Rs 88 crore.
Bulk and Block Deals
- SBI Funds Management has acquired a 2% stake in ADF Foods worth Rs 57.19 crore.
- ICICI Prudential Mutual Fund has acquired a 2.04% stake in Pfizer worth Rs 188 crore.
- Nippon India Mutual Fund has purchased an additional 0.6% stake in Orient Electric worth Rs 23.9 crore.
Stocks Trade Ex-Dividend
- 360 ONE WAM
- Alka India
- Stock Trades Ex-Date for Reduction of Capital
- Trustwave Securities
- Stock in F&O Ban
- SAIL
Investor Takeaway
Monitor quarterly earnings announcements for these stocks.
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