BANKING & FINANCE Muthoot MCred Q1 Profit Surges To ₹100 Cr; AUM Up 59% To ₹7,098 Cr

Muthoot MCred Ltd, formerly known as Muthoottu Mini Financiers Ltd, reported a strong performance for the quarter ended June 30, 2026, with profit after tax (PAT) rising 232.73% year-on-year to ₹100.29 crore. The gold loan-focused NBFC’s assets under management (AUM) grew 58.53% year-on-year to ₹7,098.38 crore, while total income increased 76.38% to ₹399.64 crore during […]

CW Bureau · Aug 14, 2026

AUTO Ashok Leyland Posts ₹609 Cr Q1 PAT, Revenue At ₹9,634 Cr As Sales Surge

Ashok Leyland, the Indian flagship of the Hinduja Group, reported its strongest-ever first-quarter performance in terms of commercial vehicle volumes, revenue and profit, despite pressure on margins from rising material costs. The Chennai-based commercial vehicle maker said its profit after tax (PAT) rose to a record ₹609 crore from ₹594 crore in the corresponding quarter […]

CW Bureau · Aug 14, 2026

GENERAL Medi Assist Q1 PAT Rises 22% To ₹28 Cr; Revenue Jumps 24% To ₹237 Cr

Medi Assist Healthcare Services reported a 21.9% year-on-year rise in reported profit after tax (PAT) to ₹27.6 crore for the first quarter of FY27, compared with ₹22.6 crore in the year-ago quarter, as operating revenue increased 24.1% to ₹236.5 crore from ₹190.6 crore. The company’s adjusted PAT, excluding a one-time ₹3.1 crore derivative gain related […]

CW Bureau · Aug 10, 2026

RETAIL/FMCG Indian Terrain Narrows Q1 Net Loss By 87%, Returns To Pre-Tax Profit Mark

Premium menswear brand Indian Terrain Fashions Ltd significantly reduced its net loss during the first quarter of FY27, aided by robust revenue growth, margin expansion and improved operational efficiency. The company reported a net loss of ₹0.83 crore for the quarter ended June 30, 2026, compared with a loss of ₹6.20 crore in the corresponding […]

CW Bureau · Aug 1, 2026

BANKING & FINANCE LIC Housing Finance Q1 PAT Rises To ₹1,488 Cr; Disbursements Up 14.5%

LIC Housing Finance Ltd reported a 9.4% year-on-year increase in net profit to ₹1,488.32 crore for the first quarter of FY27, driven by healthy growth in loan disbursements and an improvement in asset quality, despite a marginal decline in revenue and pressure on net interest margins. The company’s revenue from operations slipped to ₹7,062.45 crore […]

CW Bureau · Jul 31, 2026

BANKING & FINANCE Chola MS Q1 PAT Drops 20% To ₹86 Cr Despite Higher Premium Income

Cholamandalam MS General Insurance Company Ltd (Chola MS) reported a 19.6% year-on-year decline in profit after tax (PAT) to ₹86 crore for the first quarter ended June 30, 2026, even as the insurer posted healthy growth in premium collections. The company had reported a PAT of ₹107 crore in the corresponding quarter of the previous […]

CW Bureau · Jul 29, 2026

RETAIL/FMCG V-Guard Q1 Profit Jumps 76% To ₹130 Cr On Double-Digit Business Growth

Consumer electricals and electronics manufacturer V-Guard Industries Ltd. reported a robust financial performance for the first quarter of FY27, with consolidated net profit rising 76.4% year-on-year to ₹130.25 crore, driven by double-digit growth across all business segments and healthy operating margins. The company had posted a consolidated profit after tax of ₹73.85 crore in the […]

CW Bureau · Jul 29, 2026

BANKING & FINANCE Northern Arc Capital Q1 Profit Jumps 41% To ₹114 Cr On Loan Book Growth

Diversified financial services platform Northern Arc Capital Ltd reported a 41% year-on-year increase in its consolidated profit after tax (PAT) to ₹114 crore in the first quarter of FY27, driven by healthy growth in lending assets, higher net interest income and improving asset quality. The company’s net interest income (NII) rose 32% year-on-year to ₹394 […]

CW Bureau · Jul 27, 2026

BANKING & FINANCE Shriram Finance Q1 Profit Zooms 60% As Lending Momentum Stays Strong

Shriram Finance Ltd has reported around 60% year-on-year jump in its standalone net profit in the June quarter, driven by strong growth in lending, higher net interest income and expansion of its loan portfolio. The non-banking financial company (NBFC) posted a profit after tax (PAT) of ₹3,444.56 crore for the first quarter ended June 30, […]

CW Bureau · Jul 24, 2026

BANKING & FINANCE ICICI Bank Q1 Net Profit Rises 16% To ₹14,805 Cr; Provisions See Decline

ICICI Bank reported a 15.9% year-on-year increase in standalone profit after tax (PAT) to ₹14,805 crore for the first quarter of FY27, driven by healthy growth in net interest income, strong fee income and sustained expansion in its loan portfolio. The private sector lender had posted a net profit of ₹12,768 crore in the corresponding […]

CW Bureau · Jul 18, 2026

BANKING & FINANCE Kotak Mahindra Bank Q1 Profit Jumps 26% On Strong Loan Growth And NII

Kotak Mahindra Bank reported a 26% year-on-year rise in standalone net profit to ₹4,123 crore for the first quarter of FY27, aided by steady growth in net interest income (NII), healthy loan expansion and a sharp decline in credit provisions. The bank had posted a profit after tax (PAT) of ₹3,282 crore in the corresponding […]

CW Bureau · Jul 18, 2026

BANKING & FINANCE Axis Bank Q1 Profit Up 23% To ₹7,114 Cr On Strong Income, Asset Quality

Private sector lender Axis Bank reported a 23% year-on-year increase in net profit to ₹7,114 crore for the first quarter of FY27, driven by healthy growth in core income, improved operating efficiency and stable asset quality. The bank had posted a net profit of ₹5,806 crore in the corresponding quarter of the previous financial year. […]

CW Bureau · Jul 18, 2026