The Hormuz blockade is in its third month. This is no longer a geopolitical spike it's a structural shift. At 30 days, markets price oil shocks as reversible. At 60+ days, input costs flow through full-quarter P&Ls, central banks adjust rate paths, and FII allocators rebase

Chennai Petroleum Q4 is out PAT tripled to ₹1,399.7 Cr. FY26 PAT jumped 17.6x to ₹3,062 Cr. This is the OMC trade most feeds are ignoring. Q4 revenue was flat YoY at ₹20,455 Cr. But PBT tripled from ₹582 Cr to ₹1,890 Cr. The entire profit expansion is refining margin,

HIND ZINC | Q4 FY26 PAT 🔼 ₹5,033 Cr | Beat poll by ~8% Revenue 🔼 ₹13,544 Cr | Beat poll by ~13% EBITDA 🔼 ₹7,706 Cr | Beat poll by ~8% Margin 🔽 56.9% | Missed poll of 59.3% Top-line beat was hard. Margin miss is the catch. Revenue ran ahead on zinc/silver price tailwinds,

Adani Green Q4 is out Adani Green added 5.1 GW in FY26 largest greenfield expansion globally ex-China. Cash profit grew only 11%. Capacity +35%, Revenue +22%, EBITDA +23%, Cash profit +11%. When capacity grows 3x faster than cash profit, the new GW aren't earning yet.

Atul Ltd Q4 is out PAT +62% YoY to ₹204 Cr on a 14% revenue rise. The chemicals cycle is quietly turning. Revenue ₹1,498 Cr (+13.9%), PBT ₹249 Cr (+50.3%). Finance cost near zero at ₹0.87 Cr debt-free balance sheet is doing real work. This is the first clean chemicals Q4

Raghav Productivity Enhancers Q4 is out total equity +26% to ₹244.5 Cr. Zero dilution, zero fresh debt. Reserves grew ₹148 Cr → ₹199 Cr on retained earnings alone. Non-current borrowings cut to ₹3.75 Cr. When a small company grows reserves without borrowing or diluting,

Anant Raj -7.28% to ₹473.10 reports of an ED raid at the Delhi office. Stock now 36% below its Oct 2025 peak of ₹744. The weakness was already on the tape the ED news accelerated it. Sharp drop on raid news, relief rally on "no wrongdoing established," then 6-9 months of

Shriram Finance Q4 is out PAT +40.9% YoY to ₹3,014 Cr. Interest income +12%. The growth looks clean. But asset quality tells a different story. Gross Stage 3 at 4.58% is a 5-quarter high, and coverage jumped from 48.77% to 50.34%. Management provisioned ~2x faster than the

Zensar Tech Q4 is out Revenue +27.7% YoY to ₹742 Cr. PAT +35.9% to ₹199 Cr. Another midcap IT growing while large caps shrink. FY26: revenue ₹2,739 Cr (+23%), PAT ₹686 Cr (+15.3%). Employee costs grew 15.6% margin leverage is neutral, not positive. When midcap IT grows

DCB Bank Q4 is out PAT +16.1% YoY to ₹206 Cr. FY26 PAT +18.9% to ₹732 Cr. Gross NPA fell to 2.45% lowest in 5+ years. Net NPA dropped from 1.12% to 0.89%. Provisions stayed flat at ₹69 Cr management didn't front-load. The improvement is clean, not engineered. DCB trades at

IndusInd Bank swung to a ₹594 Cr profit in Q4 FY26 vs a ₹2,329 Cr loss in Q4 FY25. The YoY swing is mathematical, not operational. Q3 FY26 PAT was ₹128 Cr; Q4 jumped to ₹594 Cr. But NII fell sequentially from ₹4,562 Cr to ₹4,371 Cr, and NIM dropped from 3.52% to 3.39%. The

SEBI just made foreign portfolio investing in India structurally cheaper. Net settlement of funds for FPI cash market trades. If an FPI buys ₹100 Cr and sells ₹80 Cr same day, only the net ₹20 Cr moves through the custodian instead of ₹180 Cr. Securities stay gross-settled,

M&M Financial Q4 is out PAT +55% YoY to ₹873 Cr. FY26 PAT ₹2,782 Cr (+18.6%). Rural NBFC asset quality is finally turning. Q4 revenue ₹4,800 Cr (+13.2%); interest income ₹4,462 Cr (+11.1%); fair value gains ₹7.48 Cr vs ₹4.15 Cr. Finance costs grew only 2.8% QoQ pricing

Jayaswal Neco Industries Q4 is out PAT +88% YoY to ₹191 Cr. FY26 PAT ₹463 Cr vs ₹113 Cr a 4.1x jump on the full year. Q4 revenue ₹1,974 Cr (+17.8% YoY), PBT ₹236 Cr (+73%), EPS ₹1.97 vs ₹1.05. Finance costs fell 48% YoY from ₹134 Cr to ₹69 Cr the real engine of the

1 in 3 Indians is now on social media. That's more people than live in the entire United States. But which apps actually own their attention? We mapped it out 👇 Some of the splits surprised even us. One platform is quietly becoming India's second biggest market in the world.

Lodha Developers just named the Iran war as the reason it missed FY26 guidance. Q4 pre-sales hit a record ₹5,890 Cr (+23% YoY), but FY26 totals came in ₹470 Cr below guidance at ₹20,530 Cr. Collections +18%, net debt cut ₹800 Cr, GDV additions 2.4x guidance. The business is

L&T Finance Q4 is out PAT +27% YoY to ₹807 Cr. FY26 PAT ₹2,981 Cr (+12.8%). Clean on the headline, messier underneath. Q4 revenue +18.5% to ₹4,771 Cr. Finance costs grew only 9.2% cost of funds is easing. FY26 impairment ₹2,184 Cr vs ₹2,193 Cr flat, meaning stressed book

Reliance Q4 is out PAT ₹16,971 Cr down 12.5% YoY. First annual profit decline in 6 quarters. But it's in line with consensus of ₹16,200-18,470 Cr, not a miss. Revenue ₹2,98,621 Cr (+12.9%). Cost of materials grew 20% YoY while revenue grew 13% — O2C margin compression

Axis Bank Q4 is out PAT ₹7,071 Cr (+9% QoQ). GNPA dropped 17 bps QoQ to 1.23%, net credit cost fell 39 bps to 0.37% the biggest single-quarter improvement in 4 years. CASA grew 7% QoQ in a tight liquidity environment, low-cost deposit growth is what separates winners.

IDFC First Q4: GNPA 1.61% ← 1.69% QoQ NNPA 0.48% ← 0.53% QoQ Revenue up 11.7% YoY. Profit up ~5%. The NPA cleanup is real. The profit growth isn't keeping pace yet provisions and costs are doing the heavy lifting. Watch the next 2 quarters. Asset quality turning is the