State Bank of India — Important, 29-04-2026: Updates

Here's a summary of the company updates, adhering to your preferences:

**State Bank of India:**

State Bank of India has published names of 8 valid candidates for 4 director vacancies on its Central Board. Shareholders will elect these directors at a general meeting. This marks a key corporate governance update.

**Fedbank Financial Services Limited:**

Fedbank Financial Services reported robust Q4 FY26 results. Net profit after tax rose to ₹100.53 Cr (up from ₹71.65 Cr last year), with total income at ₹616.45 Cr. Full-year net profit was ₹343.60 Cr, signaling strong growth.

**Sapphire Foods India Limited:**

Sapphire Foods' Board approved its audited financial results for the quarter and financial year ended March 31, 2026. Investors can find detailed results on the company website and stock exchanges for deeper analysis.

**REC:**

REC reported a 22% year-on-year drop in consolidated net profit for the latest quarter to ₹3,375.08 Cr, mainly due to lower interest income. Total income also decreased. The company declared a final dividend of ₹1.55 per share.

**Dalmia Bharat:**

Dalmia Bharat's net profit for the latest quarter decreased by 10.25% to ₹394 Cr. Despite a 3.76% rise in operational revenue to ₹4,245 Cr and 3% growth in sales volume, higher expenses impacted profitability.

**Bandhan Bank:**

Bandhan Bank reported a 68% year-on-year surge in net profit for the latest quarter, reaching ₹534 Cr. This significant rise was driven by reduced provisions and robust growth in non-interest income. Net Interest Margin improved to 6.2%.

**Mahindra Lifespaces Development:**

Mahindra Lifespaces Development recorded a 5.91% year-on-year increase in profit after tax for the latest quarter, reaching ₹90.12 Cr. Operational revenue soared to ₹669.62 Cr, primarily due to project completions, with combined sales at ₹1,993 Cr.

**ArcelorMittal Nippon Steel India:**

ArcelorMittal Nippon Steel India has appointed Nobuo Okochi as its new Chief Financial Officer. Current CFO Amit Harlalka will transition to Chief Executive Officer, replacing the retiring Dilip Oommen, marking significant leadership changes.

**Snapdeal:**

Snapdeal (Snappit) secured $5.6 crore (approx. ₹530 Cr) in Series-D funding, led by Sequoia Venture Capital and others. The capital will strengthen its balance sheet, expand services to smaller markets, and enable entry into new categories.

**Zomato & Blinkit:**

Zomato and Blinkit's parent company reported a 346% surge in Q4 FY26 consolidated net profit to ₹172 Cr. Revenue jumped 196.4% to ₹17,292 Cr. Blinkit's Net Order Value nearly doubled, driving significant growth for the group.

**Maruti Suzuki:**

Maruti Suzuki's consolidated net profit for the latest quarter decreased by 6.4% to ₹3,649 Cr, despite an 11.8% rise in sales volume. Higher commodity costs and mark-to-market impact on investments were key factors impacting profitability.

**Ceat:**

Ceat's net profit for the latest quarter more than doubled to ₹243 Cr, with operational revenue rising 23.3% to ₹4,218 Cr. Strong international business growth and Camso integration fueled the robust performance, enhancing market share.

**Adani Navi Mumbai International Airport:**

Adani-operated Navi Mumbai Airport is in talks with the government to become an international 'hub and spoke' destination. It aims to serve 1.1 Cr passengers in its first full operational year, scaling to 2 Cr, to reclaim transfer traffic.