Here's a snapshot of what's happening with Jio Financial, Axis Bank, Wipro, SBI, and Maruti Suzuki based on the latest news:
Jio Financial Services (JFS)
Jio Financial Services Ltd. (JFSL) is scheduled to announce its Q1FY26 results on July 17. The company, a subsidiary of Reliance Industries Limited, is involved in lending, insurance, and payment solutions. In the fourth quarter of FY25, the company's consolidated net profit increased by 1.8% year-on-year to ₹316.1 crore. Total income for the quarter rose 24% to ₹518 crore. Over six months, the stock has gained nearly 16%. Shares of the company have rallied 4.94% year-to-date.
Jio BlackRock Investment Advisers has received SEBI's approval for its stock broking venture. Jio BlackRock Broking Private Ltd (JBBPL) has received a certificate of registration to operate as a stockbroker and clearing member. This marks the third approval for the Jio-BlackRock joint venture.
Axis Bank
Axis Bank is set to announce its Q1FY26 results on July 17, 2025. Analysts anticipate a low single-digit growth in net profit on a year-on-year basis due to muted loan growth and higher slippages. There is also projection of contraction in margins because of a falling interest rate regime.
A Bloomberg poll expects Axis Bank to report a standalone profit after tax of ₹6,375.77 crore, an increase of over 5% year-on-year. Net Interest Income (NII) is expected to be around ₹13,970 crore, a 4% decrease year-on-year. The Net Interest Margin (NIM) is expected to be 3.81%, lower than the previous quarter's 3.97%. Investors will be closely monitoring management commentary on margin outlook, asset quality trends, and deposit mobilization.
In other news, Axis Bank has been actively involved in various initiatives, including launching "neo for merchants" in partnership with VISA and Mintoak, and unveiling the ultra-luxury credit card 'PRIMUS' with Visa. Axis Bank has also facilitated seamless GST payments for its Commercial Card clients.
Wipro
Wipro is scheduled to announce its Q1 earnings on July 17. The company is expected to post soft revenue growth due to continued demand weakness in key markets like Europe and challenges in client budgets. However, brokerages project stable margins, supported by cost control and currency tailwinds.
Wipro's revenue may decline 2 per cent QoQ and may remain flat YoY. Profit after tax (PAT) may fall 10 per cent QoQ but rise 7 per cent YoY. Wipro had earlier guided for a -3.5% to -1.5% QoQ constant currency (cc) revenue decline. For Q2FY26, JM expects new guidance in the range of -1% to +1% QoQ cc growth, signaling potential stabilization in the second half of FY26.
Wipro has also been securing deals. Recently, Wipro won a £500m strategic deal with UK insurance giant Phoenix Group. Wipro is strengthening its Middle East presence with a new regional headquarters in Riyadh.
State Bank of India (SBI)
SBI's board has approved raising up to ₹20,000 crore through the issuance of Basel III-compliant Additional Tier 1 and Tier 2 Bonds to domestic investors during the current fiscal year. Separately, SBI has launched a share sale to institutional investors to raise up to ₹25,000 crore. The floor price for the QIP has been set at ₹811.05, a 2.5% discount on the previous day's closing price.
SBI's QIP is expected to boost the bank's common equity tier I (CET-1) ratio by around 60 basis points.
Maruti Suzuki
Maruti Suzuki is scheduled to hold a board meeting to consider Q1 results for 2025. In June 2025, Maruti Suzuki's total sales declined by 6% year-on-year to 1,67,993 units. Domestic passenger vehicle sales decreased by 12% during the month to 1.3 lakh units. The company has slashed its production target for the e-Vitara by nearly two-thirds, now planning to manufacture just 8,200 units between April and September 2025.
The Maruti Suzuki Jimny is expected to receive new safety features, including updated ADAS (Advanced Driver Assistance Systems). The India-made SUV has crossed 1 lakh exports since its debut in 2018.