Indian equity markets experienced strong gains on Friday, driven by robust buying in IT and banking heavyweights as investors anticipated first-quarter earnings reports. The BSE Sensex closed up 1.25% at 78,151.45, while the Nifty50 climbed 1.09% to finish at 24,334.30. This sets the stage for significant activity as several prominent companies release their Q1 2026 results and make other key announcements, shaping the latest Indian Stock Market News for Monday, July 20, 2026.
Major Companies Announce Q1 2026 Results
Reliance Industries (RIL)
The conglomerate, led by Mukesh Ambani, reported a 6.1% year-on-year (YoY) increase in net profit for the June 2026 quarter. Revenue saw a substantial rise of 24.5% YoY, reaching ₹3.4 lakh crore. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) grew by 10.1% YoY, with EBITDA margins standing at 15.9% for the quarter.
HDFC Bank
India's largest private sector lender posted a 5% YoY rise in standalone net profit, reaching ₹19,059.7 crore. Net interest income (NII) increased by 6.7% YoY to ₹33,534 crore. While provisions and contingencies saw a sharp decline of 78.8% YoY to ₹3,059.8 crore, non-performing assets (NPAs) increased compared to both the previous quarter and the same period last year.
ICICI Bank
Another leading private lender, ICICI Bank, recorded a 15.9% YoY jump in standalone net profit, totaling ₹14,804.5 crore for the April-June 2026 period. Its net interest income grew by 12.7% YoY to ₹24,384.4 crore. Provisions and contingencies decreased by 30.5% YoY to ₹1,260.5 crore, and the bank reported an improvement in NPAs on both yearly and quarterly bases.
Kotak Mahindra Bank
Kotak Mahindra Bank reported a 25.6% YoY surge in standalone net profit to ₹4,123 crore. Net interest income for the quarter ended June 30, 2026, grew 9.2% YoY to ₹7,928.4 crore. Provisions and contingencies fell by 44.7% YoY, and while gross NPAs improved sequentially, net NPAs saw a marginal increase.
Punjab National Bank (PNB)
The state-run lender announced a significant 213.6% YoY jump in standalone net profit, reaching ₹5,253.3 crore. Net interest income rose 2.1% YoY to ₹10,798.4 crore for the June 2026 quarter. Provisions and contingencies increased by 67.5% YoY, but the bank's NPAs showed improvement at both gross and net levels.
YES Bank
YES Bank reported a 34% YoY increase in net profit, reaching ₹1,071 crore, with net interest income climbing 17.5% YoY to ₹2,786 crore for the first quarter of the fiscal year. Operating profit grew by 25.5% YoY to ₹1,704 crore, and the bank maintained stability in its asset quality with NPAs remaining under control.
Other Key Corporate Developments
GAIL India
The state-run gas major has formalized a Memorandum of Understanding (MoU) with Khanij Bidesh India (KABIL). This collaboration aims to jointly explore and develop critical and strategic minerals, bolstering India's long-term resource security.
Power Grid Corporation of India
Power Grid has been declared the successful bidder for the Fatehgarh-II Transmission Project. This project entails the installation and commissioning of two synchronous condensers and associated bays at the Fatehgarh-II Power Station, enhancing the region's power infrastructure.
NBCC (India)
The state-run construction company has advanced with the merger of its wholly-owned subsidiary, HSCC (India). NBCC has shared the scheme of arrangement under the Companies Act, 2013, following board approval on July 14.
Cipla
Cipla's wholly-owned US subsidiary, InvaGen Pharmaceuticals Inc., underwent a routine cGMP inspection by the USFDA at its New York manufacturing facility from July 13 to July 17. The inspection concluded with one observation noted in Form 483.
Nuvama Wealth Management
Nuvama Wealth Management received an administrative warning from SEBI concerning an inspection of public issues handled by the firm as a merchant banker. The company stated that the letter has no material impact on its financials or operations.
SpiceJet
The Central Consumer Protection Authority (CCPA) levied a penalty of ₹1 lakh on SpiceJet. The airline was penalized for employing deceptive design practices, commonly referred to as "dark patterns," on its flight booking platform, which misled consumers.