🇮🇳 India Daybook: JSW Steel Profits Rocket 989%, Tata Motors Nears Iveco Deal

📍 EARNINGS

• JSW Steel: Reported a massive 989% year-on-year surge in consolidated profit after tax to ₹16,370 crore for Q4FY26; revenue from operations grew 14% to ₹51,180 crore.
• Hindustan Aeronautics (HAL): Posted a 5.5% rise in consolidated profit to ₹4,196.04 crore for the March quarter, with revenue increasing to ₹13,942.40 crore.
• Oil India: Surprised the Street with a 75.7% growth in net profit, supported by higher crude oil production and improved price realizations.
• NLC India: Reported a sharp improvement in profitability with net profit nearly tripling year-on-year and EBITDA margins expanding by 1,270 basis points.
• Metropolis Healthcare: Net profit more than doubled for the quarter as revenue grew 23%, reflecting strong demand for organized diagnostic services.
• Venky's (India): Quarterly net profit surged to ₹101.37 crore from ₹13.30 crore in the previous year; the board recommended a dividend of ₹10 per share.
• Tata Steel & Power Grid: Are among the 145 companies scheduled to release their Q4 results today, May 15.

📍 ACQUISITION

• Tata Motors: Confirmed it has received most regulatory approvals for the acquisition of Iveco’s commercial vehicle business, moving closer to final integration.
• InCred Capital: Announced the integration of Singapore-based S Cube Capital into its global wealth subsidiary to strengthen its investment capabilities across the Singapore–GCC–India corridor.
• CMS Info Systems: Highlighted the successful integration of Securens (acquired for ₹75 crore), which has helped consolidate its BFSI market share to 36%.

📍 POLICY UPDATE

• Fuel Prices: The Indian government increased petrol and diesel prices by ₹3 per litre with immediate effect, marking the first retail fuel price revision in nearly four years.
• Gold Imports: Markets are tracking potential stricter norms for gold imports as the government looks to manage the current account deficit.

📍 GEOPOLITICAL IMPACT

• Russian Oil: India has reportedly asked the U.S. for an extension on the Russian oil waiver as conflict in the Persian Gulf continues to disrupt global energy supplies.
• PM Modi’s UAE Visit: Energy security is expected to dominate talks during the Prime Minister's visit to Abu Dhabi, with a focus on long-term LNG contracts and strategic petroleum reserves.

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