Q1 Results Highlights: Bajaj Finance, SBI Life net profit jumps, Nestle shares plunge 6% after earnings miss estimates

Phoenix Mills announced that it will acquire remaining 49% stake in Island Star Mall Developers (ISMDPL) from Canada Pension Plan Investment Board (‘CPP Investments’) for Rs 5,449.16 crore. The company already owns 51% stake in the subsidiary. After the acquisition, it will wholly own ISMDPL.

The said amount will be paid in by the company and/or ISMDPL through any one or more of the modes set out below or a combination thereof:

• by ISMDPL: declaration of dividend; and/or buyback of shares; and/or selective capital reduction;
• by the Company: through the direct or indirect acquisition of equity shares held by CPP Investments in ISMDPL
• by ISMDPL and/or the Company: through such other mode as may be mutually agreed between Parties and in accordance with applicable laws.

Phoenix Mills reported a net profit of Rs 241 crore for Q1 FY26. This is 3.5 percent higher than the Rs 232.5 crore net profit reported in Q1 FY25. The firm's revenue from operations meanwhile rose 5% YoY to Rs 953 crore.

Indian Energy Exchange (IEX) on July 24 reported a standalone net profit of Rs 113 crore for the first quarter of the financial year 2026. This marks a rise of 21 percent from the Rs 93 crore net profit reported in the corresponding quarter of the previous financial year.

The firm's revenue from operations meanwhile rose 13 percent on-year to Rs 140 crore in Q1 FY26, from Rs 124 crore in Q1 FY25.

Cyient reported a net profit of Rs 153.8 crore for Q1 FY26. This marks a 7 percent on-year jump from the Rs 143.9 crore net profit reported in Q1 FY25. Its total income rose to Rs 1,781.5 crore.

REC reported a net profit of Rs 4,466 crore for Q1 FY26. This marks a 29% YoY rise from the Rs 3,460 crore net profit reported in Q1 FY25. The firm's revenue from operations rose 13% YoY to Rs 14,737 crore.

Along with the Q1 results, the firm also announced the first interim dividend of Rs 4.6 per share for the ongoing FY26.

Bhavik Joshi, Business Head at INVasset PMS, on Bajaj Finance Q1 results:

"The company delivered a 20% YoY rise in net profit to ₹4,700 crore, underpinned by a 25% surge in AUM to ₹4.41 lakh crore—a strong signal of underlying credit demand. Yet, beneath this high-octane growth lies a mature acknowledgment of the tightening interest rate environment. The 23 bps NIM compression and 8 bps rise in cost of funds reflect the macro realities of a more expensive liability base.

But true strength lies in consistency. The addition of 4.7 million customers and a 26% growth in the deposit book to ₹62,774 crore reinforce Bajaj’s position as a retail financial powerhouse. While credit costs remain elevated, with provisions at ₹2,223 crore and GNPA inching up to 0.86%, these are well within controllable bounds and reflect a conservative provisioning approach.

With PPOP growth at 21.2% and FY26 guidance projecting 25–27% AUM and 23–24% PAT growth, Bajaj Finance continues to balance ambition with caution. In a world of volatility, it is not reckless speed but mindful acceleration that wins—and this quarter proves Bajaj Finance knows the path, the pace, and the pivot."

Bajaj Finance reported a 22% YoY jump in consolidated net interest income (NII) to Rs 10,227 crore in Q1 FY26, from Rs 8,365 crore in Q1 FY25. Assets under management (AUM) grew by 25% YoY to Rs 4.41 lakh crore as of June 30 2025, from Rs 3.54 lakh crore as of 30 June 2024.

Bajaj Finance reported a net profit of Rs 4,700 crore for Q1 FY26. This is 20 percent higher than the Rs 3,912 crore net profit reported in Q1 FY25. The firm's revenue from operations meanwhile rose 21% on-year to Rs 19,524 crore.

SBI Life Insurance Company reported a net profit of Rs 594 crore for Q1 FY26. This marks a 14% YoY rise from Rs 520 crore net profit reported in Q1 FY25. The firm’s net premium income rose 14% on-year to Rs 17,178 crore.

APL Apollo Tubes reported a net profit of Rs 237 crore for Q1 FY26. This marks a 23% YoY jump from the Rs 193 crore net profit reported in Q1 FY25. Revenue from operations meanwhile rose to Rs 5,170 crore.

Adani Energy Solutions reported a net profit of Rs 512 crore for Q1 FY26, as against a net loss of Rs 824 crore for Q1 FY25. Its revenue from operations rose 27 percent on-year to Rs 6,819 crore.

The company reported 29 percent jump in revenue from operations at Rs 2,878 crore in Q1FY26. It was reported at Rs 2,227.52 crore in the same quarter previous fiscal.

CG Power reported nearly 11 percent increase in net profit at Rs 267 crore in June quarter of FY26. The same was reported at Rs 241.24 crore in the year ago period.

LT Foods reported a net profit of Rs 169 crore for Q1 FY26. This marks a 10% YoY rise from the Rs 153 crore net profit reported in Q1 FY25. Revenue from operations rose 19% YoY to Rs 2,464 crore.

ACC shares dropped over 2 percent to trade at Rs 1,908 apiece. Indian Bank shares surged nearly 4 percent, and those of Canara Bank shares jumped 5 percent after the firms released their respective results for Q1 FY26.

Coromandel International reported a net profit of Rs 505 crore in Q1 FY26. This is nearly 62% higher than the Rs 311 crore net profit reported in Q1 FY25. The firm’s revenue from operations rose nearly 49% YoY to Rs 7,042 crore.

Ujjivan Small Finance Bank reported a net profit of Rs 103 crore in Q1 FY26. This is nearly 66 percent lower than the Rs 301 crore reported in Q1 FY25. The lender’s total income rose to Rs 1,868 crore. Net NPA nearly doubled to Rs 226 crore. Net NPA ratio increased to 0.70%.

V-Mart Retail reported a net profit of Rs 33.60 crore for Q1 FY26. This marks a whopping 177 percent YoY jump from the Rs 12.14 crore net profit reported in Q1 FY25. Revenue from operations rose 13 percent on-year to Rs 885 crore.

Indian Bank reported a net profit of Rs 2,973 crore in Q1 FY26. This marks a 24% YoY rise from the Rs 2,403 crore net profit reported in the corresponding quarter of the previous financial year. Its total income rose to Rs 18,721 crore, and net NPA significantly reduced to Rs 1,036 crore. Net NPA ratio stood at 0.18%.

ACC reported a net profit of Rs 375 crore for the first quarter of the financial year 2026. This marks a 4 percent YoY rise from the Rs 360 crore net profit reported in the corresponding quarter of the previous financial year. Its revenue from operations rose over 18 percent YoY to Rs 6,036 crore.

Canara Bank’s net profit rose 22% YoY to Rs 4,752 crore. NII fell 2 percent no-year to Rs 9,009 crore.

Motilal Oswal Financial Services reported a net profit of Rs 1,162 crore for the first quarter of the financial year 2026. This marks a 32% YoY jump from the Rs 881.9 crore. Revenue from operations meanwhile rose nearly 18 percent on-year to Rs 2,737 crore.

India’s largest non-bank lender, Bajaj Finance, is poised to deliver double-digit growth in both net interest income (NII) and net profit for the April–June quarter (Q1FY26), buoyed by robust loan growth and declining credit costs.

According to Moneycontrol's poll, Bajaj Finance’s NII is expected to jump 27 percent year-on-year (YoY) to about Rs 10,628 crore in Q1FY26, compared with Rs 8,365 crore in the same quarter last year. Meanwhile, net profit is estimated to grow 19 percent YoY to nearly Rs 4,646 crore, up from Rs 3,912 crore in Q1FY25.

Nestle said that coffee prices expected to remain range-bound at current lower levels, as the upcoming Vietnam crop appears to be normal. Cocoa and Edible Oil prices have stabilized and remain range-bound. Milk prices are anticipated to decrease with the onset of a favorable monsoon and flush season.

Elevated consumption prices across the commodity portfolio impacted the FMCG company's earnings this quarter, said the firm's current Chairman and MD Suresh Narayanan. Higher operations costs as a result of significant expansion in manufacturing in the last seven to eight months, and higher finance costs due to borrowing from commercial banks to fund temporary operational cash-flow requirements further impacted earnings, he added.

During the quarter under review, Nestle's income from domestic sales rose over 5 percent on-year to Rs 4,860 crore, while exports rose nearly 16 percent to Rs 214 crore. Its total sales grew more than 6 percent on-year to Rs 5,074 crore in Q1 FY26.

The FMCG major's board approved appointment of Manish Tiwary as the Chairman and Managing Director, effective 1 August 2025. Current CMD Suresh Narayanan will relinquish his office as Chairman and Managing Director upon his retirement on 31 July 2025, said Nestle.

The shares of Nestle dropped more than 3 percent after the company released its results for the first quarter of the financial year 2026. The shares are trading at Rs 2,373 apiece.

Nestle reported revenue from operations of Rs 5,096 crore for the first quarter of the financial year 2026. This marks a 6 percent rise from the Rs 4,814 crore revenue reported in the corresponding quarter of the previous financial year. The revenue is higher than the Rs 5,082 crore estimated on an average by brokerages polled by Moneycontrol.

Nestle reported a net profit of Rs 647 crore for the first quarter of the financial year 2026. This marks a 13% drop from the Rs 747 crore net profit reported in the corresponding quarter of the previous financial year. The net profit is significantly lower than the Rs 751 crore estimated on an average by brokerages polled by Moneycontrol.