The shares of Indian Railway Finance Corporation (IRFC) jumped nearly 5 percent on July 23 after the company reported an 11 percent on-year surge in net profit to Rs 1,746 crore for the first quarter of the financial year 2026.
The shares of Jana Small Finance Bank and Zensar Tech however dropped in trade, after their respective Q1 FY26 results failed to impress the markets.
IRFC Q1 Results
IRFC on July 22 reported a net profit of Rs 1,745.69 crore for the April-June quarter of the ongoing financial year. This marked a nearly 11 percent on-year jump from the Rs 1,576.83 crore net profit reported in the corresponding quarter of the previous financial year.
Its revenue from operations meanwhile rose over 2 percent on-year to Rs 6,915 crore in Q1 FY26 from Rs 6,765.68 crore in Q1 FY25. The company said that this was its strongest-ever quarterly performance. "Our performance this quarter reflects the robustness of IRFC's financial strategy and its critical role in advancing the infrastructure goals of Indian Railways," said IRFC, Chairman and Managing Director Manoj Kumar Dubey.
IRFC shares jumped nearly 5 percent to hit an intraday high of Rs 136.80 apiece in the morning. The stock later pared some gains and were trading at around Rs 134 apiece, as seen as 11.35 am. The shares of the company have dropped over 1 percent in the past five days, and over 5 percent in the past six months. The stock is down nearly 11 percent in 2025 so far.
Jana Small Finance Bank Q1 Results
Jana Small Finance Bank on July 22 reported a net profit of Rs 102 crore for the first quarter of the financial year 2026. This marks a 40 percent on-year drop from the Rs 171 crore net profit reported in the corresponding quarter of the previous financial year.
The lender's net interest income stood at Rs 595 crore in Q1 FY26, marking a decline of over 2 percent on-year from the Rs 610 crore NII reported in Q1 FY25. The firm’s net non performing assets (NPA) rose over 9 percent on-year to Rs 263 crore, while net NPA ratio stood at 0.94 percent.
Jana Small Finance Bank noted that it filed its application for Universal Bank with RBI during the quarter. Its total deposits grew 24 percent on-year to Rs 29,426 crore, while CASA grew 8 percent on-year.
"India's macroeconomic fundamentals remain strong, and the Bank is seeing accelerated opportunities across its core segments—housing finance, rural lending, and MSME financing. These areas continue to benefit from structural tailwinds, and Jana Bank is strategically positioned to serve these segments with increasing scale and efficiency. With the recently announced CRR reduction, repo rate cuts and surging digital adoption, the operating environment is shifting positively and these developments provide the right foundation to strengthen our balance sheet and enhance delivery across underserved segments," said Ajay Kanwal, MD and CEO, Jana Small Finance Bank.
The shares of the lender tumbled over 7 percent to hit an intraday low of Rs 456 apiece in the morning. The shares have dropped over 9 percent in the past one month, but gained over 6 percent in the past six months.
Zensar Tech Q1 Results
Zensar Tech on July 22 reported a net profit of Rs 182 crore for the first quarter of the financial year 2026. This marks a rise of over 15 percent from the Rs 158 crore net profit reported in the corresponding quarter of the previous financial year.
The firm's revenue from operations meanwhile increased over 7.5 percent on-year to Rs 1,385 crore in Q1 FY26 from Rs 1,288 crore in Q1 FY25. "We delivered a strong quarter with steady revenue growth, driven by growing traction in AI-led deals and impactful solution delivery. With our lowest attrition in two years, I’m proud of our people and the culture we've built. Our ongoing focus on reskilling and upskilling in next-gen tech has resulted in healthy utilization levels,” said Manish Tandon, CEO and Managing Director, Zensar.
Zensar Tech shares dropped nearly 3 percent to hit an intraday low of Rs 795 apiece. The stock has fallen nearly 4 percent in the past five days, and around 5 percent in the past one month. The stock is however up over 6 percent in 2025 so far.
Also read: Our LIVE blog on Q1 results
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