LG Electronics India reported a net profit of Rs 693 crore for the March quarter, an 8% year-on-year increase, with revenue rising to Rs 8,054 crore. The company achieved its highest-ever quarterly performance with an 11.7% EBITDA margin, driven by strong demand recovery and premiumization across product categories.
The revenue growth was led by sales in Asia, the company said, with particular strength in China during the Lunar New Year. Wall Street investors are focused on how luxury brands are performing in the Chinese market, where consumers have shown signs of strain in recent months and luxury spending has recently faltered.
Max Healthcare Q4FY26 consolidated PAT grew 7% YoY, and revenue increased 12%. Network EBITDA rose 8%. Max Lab and Max@Home saw strong double-digit growth. The company also recommended a final dividend of Rs 2 per equity share for the year.
Wall Street opened lower as rising oil prices and escalating tensions between the US and Iran weighed on sentiment. A report indicating Iran’s refusal to compromise on uranium exports dampened hopes of a peace deal, pushing crude higher and triggering declines across the Dow, S&P 500 and Nasdaq at the open.
LIC announced a 1:1 bonus issue, setting May 29 as the record date for eligibility. This follows Q4 earnings showing a 23% YoY rise in consolidated net profit, reaching Rs 23,467 crore. A final dividend of Rs 10 per share for FY 2025-26 was also recommended.
Honasa Consumer reported Q4 FY26 profit more than doubled to Rs 69 crore and record revenue of Rs 682 crore (28% YoY). Full-year PAT reached Rs 200 crore. Driven by stronger execution, offline expansion, and growth across core and younger brands, including new acquisition Reginald Men, the company declared a Rs 3 dividend.
SEBI proposes reviewing the pre-open call auction session for IPOs and relisted stocks. This aims to fix existing rules, specifically dummy price bands and base price calculations, which artificially suppress prices. The regulator seeks public feedback to enhance effective price discovery and reduce market distortions.
Seven large-cap stocks from the BSE 100 index, including Grasim Industries, hit 52-week highs despite the weak Sensex. These stocks showed strong bullish momentum, rallying up to 25% over the past month.
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