🇮🇳 India Daybook: Adani Ports Profits Climb 15%; L&T Divests Hyderabad Metro Stake

📊 EARNINGS CORNER

• Adani Ports & SEZ: The company reported a 27% surge in consolidated revenue to ₹38,736 crore for FY26. Net profit attributable to equity holders rose 15% to ₹12,806 crore, driven by the consolidation of the Abbot Point terminal in Australia. The board has recommended a dividend of ₹7.50 per share.
• Mangalam Worldwide: The stainless-steel manufacturer reported an 81.2% YoY jump in Q4 FY26 net profit to ₹15.38 crore. For the full year FY26, profitability surged to ₹50 crore from ₹29 crore in the previous fiscal.
• Fino Payments Bank: Reported mixed Q4 results with a decline in profit, though the bank continues to expand its digital footprint.

📍 DIVESTMENT

• Larsen & Toubro (L&T): The engineering major has signed a Share Purchase Agreement to sell its entire stake in L&T Metro Rail (Hyderabad) Limited to the Government of Telangana for ₹1,461.47 crore. The divestment is part of L&T's strategy to exit non-core asset-heavy infrastructure projects.

📍 OPERATIONAL MILESTONE

• ACME Solar Holdings: The company officially commenced commercial operations of its additional 35.7 MW Battery Energy Storage System (BESS) capacity in Rajasthan today, May 1, 2026. This brings the company’s cumulative storage capacity to 175.2 MW.

📍 REGULATORY APPROVAL

• Zydus Lifesciences: The pharmaceutical firm has secured final USFDA approval for its generic version of Dapagliflozin tablets (used for Type 2 diabetes). The company is eligible for 180 days of shared generic exclusivity in the US market, where the drug has annual sales exceeding $10 billion.

📍 BOARD CHANGES

• Power Finance Corporation (PFC): Shri Rajiv Ranjan Jha has ceased to be the Director (Projects) effective May 1, 2026, following his superannuation. The company has notified the exchanges regarding the transition in its senior leadership.

📍 MARKET NOTE

• Trading Holiday: The National Stock Exchange (NSE) and BSE are closed today, May 1, for Maharashtra Day. Normal trading activity will resume on Monday, May 4, 2026.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

Tags: India Daybook Stocks in News Corporate News Stock Market Company News