🇮🇳 India Daybook: Adani Ports, Waaree Energies Post Robust Q4; UpGrad to Acquire Unacademy

📍 Q4 RESULTS

• Adani Ports & SEZ: Reported a 26.5% YoY increase in revenue to ₹10,738 crore for Q4 FY26, with EBITDA growing 20% to ₹6,020 crore. Cargo volumes handled during the quarter rose 13% to 133.4 MMT.
• Waaree Energies: The solar equipment maker saw its net profit surge 74.7% YoY to ₹1,126 crore, while revenue jumped 112% to ₹8,840 crore. The board has recommended a dividend of ₹2 per share.
• Avenue Supermarts (DMart): Net profit for the March quarter grew 19% YoY to ₹656.6 crore, supported by steady store expansions and resilient consumer demand.
• CDSL: Reported a mixed quarter with revenue up 17% YoY to ₹263 crore; however, net profit declined 20% to ₹80.22 crore as margins contracted to 44.4%.

📍 ACQUISITION

• UpGrad / Unacademy: Edtech major UpGrad is set to acquire Unacademy in an all-stock deal valued at approximately ₹2,055 crore. This represents a 90% markdown from Unacademy's peak valuation. UpGrad is expected to file for CCI approval this week.

📍 FUNDRAISING

• Waaree Energies: Alongside its earnings, the board has approved a massive fundraise of up to ₹10,000 crore to support future growth and capacity expansion.

📍 CORPORATE INVESTMENTS

• Saint-Gobain: The French building materials major announced plans to invest nearly $1 billion in India over the next five years, aiming to triple its business in the country within a decade.

📍 MACRO & EVENTS

• State Election Results: Counting of votes for assembly elections in West Bengal, Tamil Nadu, Kerala, Assam, and Puducherry begins today, May 4, which is expected to trigger significant market volatility.
• Manufacturing PMI: The HSBC India Manufacturing PMI for April is scheduled for release today, providing critical insights into industrial momentum and inflation risks.
• SGB Redemption: The Sovereign Gold Bond (SGB) 2018-19 Series I is due for final redemption today.

📍 STOCKS IN FOCUS

• Earnings Today: Over 45 companies, including BHEL, Ambuja Cements, Tata Technologies, Jindal Stainless, and Godrej Properties, are scheduled to announce their Q4 FY26 results today.
• Reliance Industries: Nomura has identified the potential filing of Jio’s IPO draft prospectus in May as a key share price catalyst for the conglomerate.

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

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