Indian equity benchmarks closed lower on Friday due to global and domestic concerns, with FII outflows contributing to the decline. The BSE Sensex fell 1.29% to 76,664.21, and the Nifty50 dropped 1.14% to 23,897.95. Several prominent stocks are expected to be in focus as markets open on Monday, April 27, 2026, following their latest corporate actions and quarterly results.
Key Stock Movements and Corporate Updates
Reliance Industries (RIL)
The oil, telecom, and retail conglomerate reported an 8.9% year-on-year (YoY) fall in net profit, reaching Rs 20,589 crore for Q4FY26. Revenue, however, increased by 12.9% YoY to Rs 3.25 lakh crore. EBITDA saw a slight dip of 0.3% YoY to Rs 48,588 crore, with margins contracting by 200 basis points to 14.9%. The board declared a dividend of Rs 6 per share for FY26.
Wipro
The IT solutions major announced a strategic partnership with Kongsberg Digital to jointly deploy next-generation AI-powered digital twin solutions specifically for the energy and utilities sector.
Axis Bank
The private sector lender reported a marginal 0.6% YoY decrease in net profit, settling at Rs 7,071.3 crore for the March 2026 quarter. Net Interest Income (NIIs) grew by 4.7% YoY to Rs 14,457.2 crore, with Net Interest Margins (NIMs) at 3.62%. Provisions significantly increased by nearly 160% YoY to Rs 3,522.2 crore, while gross Non-Performing Assets (NPAs) improved, slipping to 1.23%.
One 97 Communications (Paytm)
The Reserve Bank of India (RBI) cancelled the banking license of Paytm Payments Bank, an associate entity of the fintech company, effective April 24. This action prohibits Paytm Payments Bank from conducting any banking business. The company's Board and shareholders have approved resolutions for its winding-up.
IndusInd Bank
This private lender returned to profitability in the January-March 2026 quarter, posting a net profit of Rs 532.71 crore. Its Net Interest Income saw a substantial 43.4% YoY increase, reaching Rs 4,371.5 crore. Both gross and net NPAs showed a sequential decline.
RBL Bank
The private sector bank reported a more than threefold jump in net profit to Rs 230 crore for the quarter ending March 31, 2026. Net Interest Income rose 7% YoY to Rs 1,671 crore. Similar to IndusInd, RBL Bank also saw a decline in both gross and net NPAs on a quarterly basis.
L&T Finance (LTF)
The Non-Banking Financial Company (NBFC) recorded a 26.8% YoY surge in net profit to Rs 806.6 crore for the January-March 2026 quarter. NIIs increased by 24.8% YoY to Rs 3,024 crore. Total retail loans expanded by 26% YoY to Rs 1,19,508 crore. A final dividend of Rs 2.75 per share was also announced.
Lodha Developers
The real estate firm reported a 9.35% YoY increase in net profit to Rs 1,007.9 crore for the quarter ended March 31, 2026. Revenue grew by 11.58% YoY to Rs 4,713.5 crore, and pre-sales climbed 23% YoY to Rs 5,890 crore. EBITDA rose 15.7% YoY to Rs 1,412.6 crore, with margins at 29.96%.
Other Notable Mentions
- UPL: Its step-down subsidiary, United Phosphorus Holdings Brazil BV, will invest an additional $86.7 million in Sinova Inovações Agrícolas SA for working capital and debt reduction.
- JK Cement: Declared preferred bidder for the Maliyakheri Limestone Block-I mining lease in Chittorgarh, Rajasthan.
- IDFC First Bank: Reported a 4.9% YoY rise in net profit to Rs 318.9 crore, with NII up 15.7% YoY to Rs 5,677.2 crore for Q1 2026. Gross and net NPAs declined.
- Alembic Pharmaceuticals: Received USFDA final approval for its Fingolimod capsules, 0.5 mg, therapeutically equivalent to Novartis' Gilenya.