Earnings Reports from 33 Companies Including Blue Dart and Birla Corp Scheduled for May 9
Q4 results: Blue Dart, Birla Corp, and Affle 3I among 33 firms on May 9
Business StandardImage: Business Standard
On May 9, 2026, 33 companies, including Blue Dart Express and Birla Corporation, are set to announce their fourth-quarter earnings. The State Bank of India reported a 5.58% year-on-year rise in net profit for Q4FY26, but shares fell sharply by 6.62% following the announcement.
- 01Blue Dart Express, Affle 3I, and Birla Corporation among 33 firms announcing Q4 results.
- 02State Bank of India's Q4FY26 net profit rose to ₹19,684 crore but shares dropped 6.62%.
- 03SBI reported its highest-ever annual net profit of ₹80,032 crore for FY26.
- 04Market sentiment was negatively impacted by tensions between the US and Iran.
- 05The Nifty50 and Sensex both closed lower on May 8.
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On May 9, 2026, 33 companies, including Blue Dart Express, Affle 3I, and Birla Corporation, are scheduled to announce their fourth-quarter earnings. The State Bank of India (SBI) reported a 5.58% year-on-year increase in net profit, reaching ₹19,684 crore for Q4FY26, despite a 6.39% sequential decline in profits due to a drop in non-interest income. For the fiscal year 2026, SBI achieved its highest-ever annual net profit of ₹80,032 crore, marking a 12.9% increase from the previous year. However, following the earnings report, SBI shares fell 6.62%, marking the largest single-day decline in nearly two years, closing at ₹1,019.55 on the Bombay Stock Exchange (BSE). Market activity on May 8 reflected broader investor concerns, with the Nifty50 and Sensex both declining due to renewed geopolitical tensions between the US and Iran. The Nifty50 closed down 0.62% at 24,176.15, while the Sensex fell 0.66% to 77,328.19. Despite these declines, the Nifty MidCap index reached a record high of 62,113.85 during the session.
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The decline in SBI's shares may affect investor confidence and could lead to a cautious approach among stakeholders in the banking sector.
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