🇮🇳 India Daybook: HDFC & ICICI Bank Post Strong Q4; Lupin and Alembic Get USFDA Nod

📍 QUARTERLY RESULTS

• HDFC Bank: Reported a standalone net profit of ₹19,221 crore for Q4FY26, a 9% YoY increase. Net interest income (NII) grew 3.2% to ₹33,082 crore, while gross NPA improved to 1.15% from 1.24% in the previous quarter.
• ICICI Bank: Posted an 8% YoY rise in net profit to ₹13,702 crore for the March quarter. The bank’s board has recommended a dividend of ₹12 per equity share.
• Jio Financial Services: Reported a 14% YoY decline in consolidated net profit to ₹272 crore for Q4, although total revenue from operations surged 106% to ₹1,019 crore.

📍 RESULTS TODAY

• Bank of Maharashtra: Expected to report audited results and recommend a final dividend.
• PNB Housing Finance: Board to consider Q4 results and dividend declaration.
• NELCO: Tata Group’s satellite communication firm will announce its March quarter performance.
• Other companies reporting: Ugro Capital, SML Mahindra, PNB Gilts, Axita Cotton, Indosolar, E2E Networks, and Billionbrains Garage Ventures (Groww).

📍 REGULATORY APPROVAL

• Lupin: Received USFDA approval for its Abbreviated New Drug Application (ANDA) for Dapagliflozin tablets (5 mg and 10 mg), used in the treatment of diabetes.
• Alembic Pharmaceuticals: Secured final USFDA approval for Methotrexate Injection, indicated for various neoplastic diseases and rheumatoid arthritis.
• Aurobindo Pharma: Granted USFDA approval for Dapagliflozin and Metformin Hydrochloride Extended-Release tablets.

📍 ORDER WIN

• Coforge: A major $158 million (approx. ₹1,234 crore) five-year contract with a UK-based client officially commences this month.
• Ceigall India: Secured EPC orders worth ₹298 crore from Purvah Green Power for transmission and wind energy projects in Andhra Pradesh.
• Bharat Electronics (BEL): Bagged fresh defence orders worth ₹733 crore for radar and advanced communication components.

📍 ACQUISITION & EXPANSION

• MosChip Technologies: Announced the acquisition of Vayavya Labs to strengthen its expertise in the semiconductor and software sectors.
• BPCL: Expanding its global footprint with a new foray into oil exploration blocks in Brazil.

📍 CORPORATE ACTION

• Trent: Shares remain in focus as the board is scheduled to meet on April 22 to consider a bonus issue of shares and final dividend.
• HDFC Bank: The board has recommended a final dividend of ₹13 per equity share for FY26.

📍 STOCKS IN NEWS

• Wipro: Likely to remain under pressure following a disappointing revenue guidance for the upcoming fiscal year.
• Bharat Wire Ropes: Witnessed significant bulk deal activity with Lloyds Enterprises and Lloyds Metals and Energy picking up stakes.

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