Alcohol producer United Spirits reported an 11% increase in consolidated net profit in the first quarter of fiscal year 27, reaching 463 crore rupees compared to the previous year.
Total sales for the reporting quarter amounted to 2,708 crore rupees, demonstrating a 6.2% year-on-year growth. The company noted that the beginning of fiscal year 27 was marked by confident growth in the Prestige and above segment, which showed double-digit growth rates.
According to the company, the double-digit growth in the Prestige and above segment was driven by Smirnoff innovations with local flavors, as well as broad growth across the entire portfolio. The company also acknowledged that some of this growth was offset by the continued negative impact of policies in Maharashtra.
Praveen Someshwar, CEO and Managing Director, stated in a press release that consumer-centric initiatives give the company confidence in accelerating growth as the year progresses. He also emphasized that the company continues to strengthen its portfolio, creating long-term value for all stakeholders.
The public sector lender Indian Overseas Bank (IOB) reported a significant increase in net profit of 49.3 percent year-on-year on Monday. Over the three months ending in June 2026, the bank earned 1,659 crore rupees, which was attributed to an improvement in asset quality.
In the same quarter last year, the bank had recorded a net profit of 1,111 crore rupees. According to the report submitted to the stock exchange system, total income for the period from April to June increased to 10,938 crore rupees compared to 8,866.47 crore rupees the previous year.
The bank's asset quality showed positive momentum. The Gross Non-Performing Assets (GNPA) ratio decreased to 1.33 percent for the June quarter of fiscal year 27, down from 1.97 percent the previous year. Similarly, Net NPA reduced to 0.18 percent from the previous 0.32 percent.
Furthermore, provisions amounted to 834 crore rupees in the quarter under review, which remained almost unchanged compared to 844 crore rupees the previous year, although this is less than the 1,006 crore rupees recorded in the March quarter. At the time of afternoon trading, IOB shares were trading 4.11 percent higher on the BSE, reaching the mark of 35.2 rupees.
The public sector lender Reserve Bank of India reported on Friday a 13 percent increase in net profit, reaching 1324 crore rupees for the June quarter.
For the reporting period, the bank's total revenue increased to 10,678 crore rupees. This figure is higher than 10,360 crore rupees for the same period in the 2026 fiscal year. The growth in total revenue was driven by an increase in interest income.
The bank's net profit in the current quarter amounted to 1324 crore rupees, compared to 1169 crore rupees in the same quarter of the previous fiscal year. However, operating profit decreased to 2,186 crore rupees from 2,304 crore rupees the year before.
The bank demonstrated an improvement in asset quality. Gross Non-Performing Assets (NPA) reduced to 2.60 percent of gross loans as of the end of June, down from 3.13 percent the previous year. Net NPAs remained stable at 0.49 percent as of June 30, 2026.
As a result of this improvement, provisions for bad loans significantly decreased—they fell from 468 crore rupees at the end of June 2025 to 346 crore rupees.
Furthermore, the bank's capital adequacy ratio improved to 18.28 percent, showing an increase compared to 17.66 percent recorded at the end of the first quarter of the 2026 fiscal year.
The public sector bank Indian Bank, based in Chennai, announced a 10% increase in net profit for the first quarter of the current fiscal year, reaching INR 3,273 crore. In the same quarter of the previous fiscal year, the profit was INR 2,973 crore.
According to the report submitted to the regulator, the bank's total income for the June quarter of 2026-27 increased to INR 20,724 crore compared to INR 18,721 crore in the corresponding period of FY 26. Interest income also improved, amounting to INR 18,090 crore versus INR 16,283 crore a year earlier.
Net Interest Income (NII) grew by 17%, reaching INR 7,435 crore compared to INR 6,359 crore in the June quarter of FY 26. Furthermore, the bank's operating profit rose to INR 5,557 crore from INR 4,770 crore recorded in the same quarter last year.
The bank demonstrated an improvement in asset quality: Gross Non-Performing Assets (NPA) decreased to 1.86% of total loans by the end of June, down from 3.01% a year earlier. Similarly, Net NPAs, or bad loans, reduced to 0.15% compared to 0.18% in the previous year.
As a result of these changes, provisions for bad loans were reduced to INR 376 crore in the first quarter, down from INR 387 crore a year ago. The Provision Coverage Ratio (PCR) remained unchanged at 98.2% during the quarter.
The Return on Assets (ROA) improved to 1.34% for June 2026, whereas it was 1.03% in June 2025. Meanwhile, the bank's capital adequacy ratio decreased to 17.80% from 17.99% in the same quarter of FY 26.
