fy26

India Business Fuels Turnaround, fy26 Revenue Crosses Rs 11K cr

Plans New Products & Eyes New Applications

Posts ₹3,566cr PAT In fy26, Revenue At ₹44,007cr

TNN

India's largest airline, IndiGo, reported a consolidated net loss of Rs 2,536.9 crore for the March quarter, a significant shift from a profit of Rs 3,067.5 crore a year ago. The airline's performance was impacted by a sharp rupee depreciation and a challenging operating environment, despite a rise in total income.

The Reserve Bank of India has announced a record Rs 2.87 lakh crore dividend payout to the government for fy26, significantly boosting fiscal space amidst global uncertainties. This substantial transfer, a notable increase from previous years, reflects the central bank's robust financial performance and expanding balance sheet. The decision was made at the RBI Central Board's recent meeting.

Mumbai Port Authority achieved a record 75.15 MMT cargo throughput in fy26, aiming for 80 MMT next. This success, attributed to stakeholders, highlights its significant share in India's major ports and specific cargo segments. Discussions focused on enhancing efficiency, vessel turnaround, and eco-friendly practices to boost maritime trade.

Recent fuel price hikes have ignited debate over oil marketing companies' (OMCs) profits amid the Middle East crisis. Despite a reported Rs 77,821 crore profit for fy26, a closer look reveals thin margins, past losses, and a lag in reflecting current crude price impacts. These profits are crucial for investments and national energy security.