Earnings Reports: Kotak Mahindra Bank and 25 Other Firms Set for Q4 Announcements
Q4 result: Kotak Mahindra Bank, Netweb Technologies among 26 firms on May 2
Business Standard
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On May 2, 2026, Kotak Mahindra Bank, Avenue Supermarts, and 24 other companies will announce their fourth-quarter earnings. Jindal Steel reported a significant turnaround with a net profit of ₹1,041 crore for Q4FY26, compared to a loss of ₹304 crore in the same quarter last year.
- 01Kotak Mahindra Bank among 26 firms announcing Q4 results on May 2, 2026.
- 02Jindal Steel reported a net profit of ₹1,041 crore for Q4FY26, a turnaround from last year's loss.
- 03Total income for Jindal Steel rose by 25% year-on-year.
- 04Indian stock markets were closed on May 1 for Maharashtra Day.
- 05Nifty50 and Sensex both declined prior to the market closure.
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On May 2, 2026, Kotak Mahindra Bank and 25 other firms, including Avenue Supermarts and APL Apollo Tubes, are set to announce their fourth-quarter earnings for FY26. Notably, Jindal Steel and Power reported a consolidated net profit of ₹1,041 crore, a significant recovery from a loss of ₹304 crore in the same quarter last year. This profit surge was supported by a 25% year-on-year increase in total income, reaching ₹16,484.28 crore. The company's net profit for FY26 also rose by 20% compared to the previous year. Meanwhile, Indian stock markets remained closed on May 1 due to Maharashtra Day, with trading set to resume on May 4, 2026. Prior to the closure, both the Nifty50 and the Sensex experienced declines, influenced by rising oil prices amidst geopolitical tensions between the US and Iran.
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The earnings reports from major firms like Kotak Mahindra Bank can influence investor sentiment and market performance, affecting stock prices and investment decisions.
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