Jio Financial Services posted a net profit of ₹272.2 Cr for Q4 FY26, a 14% year-on-year decline from ₹316.1 Cr, even as operating revenue more than doubled to ₹1,018.5 Cr, a 107% YoY and 13% sequential jump. Total income, including ₹1.18 Cr in other income, reached ₹1,019.7 Cr for the quarter ending March 31, 2026. Sequentially, PAT edged up 1% from ₹269 Cr, suggesting the profit compression is primarily a year-on-year comparison effect. The divergence between revenue growth and profit trajectory is explained by a sharp 327% YoY surge in total expenses to ₹720 Cr. Cost scaling at that rate, outpacing even the 2x revenue expansion, signals aggressive investment in operations, lending infrastructure, or distribution as JFS builds out its financial services platform. The critical metric to track going forward is whether expense growth moderates as the business matures, allowing revenue gains to flow through to bottom-line improvement. Margin trajectory and the composition of the expense surge will be central to how investors price the stock near term.
Flipkart will launch a food delivery pilot in Bengaluru by mid-August, charging restaurants a 10-11% commission compared to the 25-35% levied by Swiggy and Zomato. The move targets growing restaurant discontent with incumbent platforms and aims to drive daily engagement across Flipkart's 500 million registered users.
Maruti Suzuki crossed two lakh domestic units in July 2026 for the first time, recording 42.4% year-on-year growth. Total sales including exports and OEM supplies reached 2,41,421 units, with all passenger vehicle segments posting gains.
Air India's net loss more than doubled to ₹22,238 crore in FY26, prompting Tata Sons chairman N Chandrasekaran to extend the Vihaan.AI turnaround timeline from five years to as long as a decade.
UpGrad's all-stock acquisition of Unacademy, valued at Rs 1,955 crore, is set to close within three weeks after CCI clearance and near-complete investor sign-offs. The deal combines upGrad's upskilling business with Unacademy's test prep and medical education platforms, with Gaurav Munjal staying on as CEO.
