Profit after tax for Q4 stood at Rs 763 crore, up 10% from Rs 692 crore in the same quarter last year. Profit before tax rose to Rs 1,039 crore from Rs 917 crore in the year-ago period. The company also announced a dividend of Rs 12.4 per share.

Operating performance improved significantly during the quarter. Operating profit came in at Rs 1,128 crore, marking a 30% increase from Rs 866 crore in Q4 FY25, supported by tighter cost management and operating leverage.

Revenue remained strong, with revenue from operations rising 19% year-on-year to Rs 1,517 crore from Rs 1,269 crore. Total expenses eased to Rs 389 crore compared with Rs 403 crore in the year-ago period, aiding margin expansion.

On a quarter-on-quarter basis, profit declined. Net profit fell 17% from Rs 917 crore in Q3 FY26, mainly due to lower total income, although operating costs remained under control.

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For the full year, earnings growth was robust. FY26 profit after tax increased 24.4% to Rs 3,298 crore from Rs 2,651 crore in FY25. Profit before tax rose 24.7% to Rs 4,407 crore, while operating profit grew 28.9% to Rs 4,171 crore.
Business metrics also showed steady expansion. Quarterly average assets under management stood at Rs 11,04,787 crore as of March 2026, compared with Rs 8,79,412 crore a year earlier.The company reported a customer base of 17 million investors and a distribution network of over 1.14 lakh partners across 281 offices, reflecting its scale and reach in the domestic mutual fund market.

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The Wall Street bank said Billionbrains Garage Ventures, which runs the broking platform Groww, is “well positioned to capitalise on India’s retail investing tailwinds,” and expects the company to deliver revenue growth at a 30% CAGR over FY26-28. The initiation adds heavyweight institutional backing to a stock that has already delivered 31% returns in calendar year 2026 alone.

BofA described Groww as having best-in-class profitability, with further room for expansion as operating leverage builds. It projects EBITDA margins rising to 67% and PAT margins to 52% by FY28—an unusually rich margin profile for a growth-stage fintech, which the bank believes sets Groww apart from peers. The brokerage valued the company at 39x FY28 estimated P/E.

The bank flagged two near-term risks: a deterioration in broader capital market conditions, which could crimp transaction volumes and hurt revenue, and the expiry of a six-month post-IPO lock-in period, which could lead to a supply overhang as early investors gain the ability to exit.

Last month, JPMorgan initiated coverage on Groww with an ‘overweight’ rating and a price target of Rs 210 per share.

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Groww is the largest broker by active clients, with a 28% market share, compared with 15% for the second-largest player. This leadership is driven by its strong mutual fund funnel, easy-to-use UI and UX, and robust word-of-mouth traction.

NEW YORK — Shares of Strategy Inc. climbed more than 5% in early trading Tuesday as the company formerly known as MicroStrategy continued its aggressive Bitcoin accumulation strategy, with Bitcoin prices rebounding above $74,000 and investors positioning ahead of the firm’s first-quarter 2026 earnings later next month.

Strategy Inc. (NASDAQ: MSTR), which rebranded to emphasize its role as a Bitcoin treasury powerhouse, saw its Class A shares trade at $139.46, up $7.10 or 5.36%, shortly after the market open on April 14, 2026. The gain came on solid volume and reflected renewed enthusiasm for Bitcoin proxy stocks as the cryptocurrency recovered from recent dips and hovered near $74,900.

The company, led by Executive Chairman Michael Saylor, has transformed into one of the largest corporate holders of Bitcoin, using a combination of equity offerings, convertible debt and operational cash flow to steadily add to its holdings. In recent weeks, Strategy executed multiple large Bitcoin purchases, including a $1 billion acquisition announced in early April that brought its total stash close to 780,000 BTC.

Strategy announced on April 13 that it acquired an additional 13,927 Bitcoin for approximately $1 billion during the previous week, funded partly through sales under its at-the-market equity offering program. The purchase pushed its Bitcoin treasury even closer to the symbolic 800,000 BTC milestone. The company has consistently messaged that its primary corporate strategy is to acquire and hold Bitcoin as a long-term store of value superior to cash reserves.

Bitcoin traded around $74,896 on Tuesday morning, up from levels near $70,000 earlier in the week. The cryptocurrency’s recovery helped lift related stocks, with Strategy often exhibiting amplified moves due to its leveraged exposure through heavy Bitcoin holdings relative to its market capitalization.

Strategy is scheduled to release first-quarter 2026 financial results on May 7, with a live video webinar and earnings conference call set for April 30 at 5 p.m. ET. Analysts expect the report to focus heavily on Bitcoin treasury updates, impairment charges or gains related to digital asset accounting, software business performance and details on ongoing capital raising activities.

The software analytics business, Strategy’s original core operation, continues to generate steady revenue but has become secondary to the Bitcoin strategy in the eyes of many investors. Fourth-quarter 2025 results, released in early February, showed revenue of $122.99 million that beat estimates, though the company reported a significant net loss driven largely by Bitcoin-related accounting.

Strategy maintains a massive Bitcoin balance sheet that has drawn both praise and criticism. Proponents view it as a sophisticated leveraged play on Bitcoin’s long-term appreciation, while skeptics point to volatility, potential dilution from equity issuances and the opportunity cost of tying up capital in a non-yielding asset.

In recent months, the company expanded its at-the-market offerings and issued preferred stock to fund Bitcoin acquisitions without overly diluting common shareholders. It also benefits from periodic convertible note issuances that provide low-cost capital for further purchases.

Wall Street analysts remain divided but largely constructive on the stock’s long-term potential as a Bitcoin play. Consensus price targets vary widely, with some firms maintaining targets above $350 while others have trimmed forecasts amid valuation concerns. The stock has experienced extreme swings in 2026, trading as high as the $450 range earlier and pulling back significantly before recent recovery attempts.

Tuesday’s move helped the shares rebound from levels near $128 seen in recent sessions. Technical traders noted the stock testing key support and resistance zones tied to Bitcoin’s price action.

Michael Saylor, the public face of the strategy, continues to advocate aggressively for Bitcoin adoption through social media and public appearances. He has described Strategy’s approach as a “Bitcoin standard” for corporate treasuries, arguing that holding the asset provides superior inflation protection and capital appreciation compared with traditional reserves.

The company’s rebranding to Strategy Inc. underscores its evolution from a business intelligence software provider to a Bitcoin development and treasury company. While the software segment still contributes revenue, management has signaled that Bitcoin acquisition remains the overriding corporate priority.

Challenges include regulatory scrutiny of digital asset accounting, potential changes in tax treatment of cryptocurrencies and the inherent volatility of Bitcoin, which can lead to large quarterly swings in reported earnings. Strategy accounts for its Bitcoin holdings under fair value rules, resulting in significant non-cash gains or losses that can obscure underlying business performance.

Investors will watch the upcoming earnings closely for any updates on the pace of Bitcoin purchases, average acquisition cost, financing plans and guidance on software revenue trends. Management may also provide color on the broader Bitcoin market outlook and how macroeconomic factors influence its strategy.

Strategy’s market capitalization reflects its unique positioning as the most prominent corporate Bitcoin holder. With holdings approaching 800,000 BTC — a figure that would represent a meaningful percentage of total Bitcoin supply — the company effectively offers investors leveraged, liquid exposure to the cryptocurrency without directly owning it.

Broader market sentiment toward risk assets improved Tuesday as Bitcoin stabilized and equity markets showed resilience. Strategy often moves in sympathy with Bitcoin but with higher beta, amplifying both upside and downside.

The company has faced periodic class action litigation related to disclosures and stock performance, though such suits are common among high-volatility names. Strategy has not commented in detail on ongoing legal matters in recent filings.

As the May 7 earnings date approaches, focus will intensify on execution of the Bitcoin strategy and any signals about future capital raises or acquisition pace. Positive Bitcoin price action combined with continued accumulation could support further upside in the shares.

Strategy Inc. employs a relatively lean team focused on both its legacy software products and Bitcoin treasury management. Its headquarters remain in the Washington, D.C., area, where it originated as a provider of enterprise analytics tools.

For long-term believers in Bitcoin, Strategy serves as a proxy that allows participation through traditional equity markets with the added layer of corporate leverage and professional management. Critics argue the premium valuation leaves little margin of safety if Bitcoin enters a prolonged bear market.

Tuesday’s 5%+ gain underscored ongoing investor appetite for the name despite recent volatility. With Bitcoin trading firmly above $74,000 and Strategy actively adding to its holdings, the stock appeared positioned for continued correlation with crypto sentiment.

As markets digest the latest Bitcoin purchase news, attention turns to whether Strategy can sustain its aggressive accumulation without excessive dilution and how the market prices in the growing scale of its treasury.

Strategy’s journey from software firm to Bitcoin powerhouse illustrates the transformative impact of cryptocurrencies on corporate balance sheet strategies. Whether this approach delivers superior long-term returns will be judged by Bitcoin’s performance over the coming years and the company’s ability to manage associated risks.

NEW YORK — xAI’s Grok 4.20 Beta 2 continues to dominate AI leaderboards in mid-April 2026, achieving top rankings in medicine, legal reasoning and general benchmarks while generating real-world impact, including reports of the AI helping save human and animal lives through accurate medical advice.

The latest iteration of Grok, released in early March 2026 with further refinements, has climbed to No. 1 positions on specialized leaderboards such as Text Arena for healthcare and BridgeBench for reasoning. It outperforms competitors including Claude Opus 4.6, GPT-5.4 and Gemini 3.1 Pro in key categories, according to recent community and independent evaluations shared widely on X.

Grok 4.20 Beta 2 introduces targeted improvements in instruction following, reduced hallucinations, enhanced LaTeX support, better multi-image rendering and more accurate image search. Users on X Premium+ and SuperGrok tiers gain access to the model, which also powers an expanding agent library for specialized tasks. A separate Grok 4.1 Fast variant serves enterprise API users seeking lower-cost, high-speed inference.

Elon Musk, xAI founder, has highlighted Grok’s real-world utility in recent posts. On April 11, he shared a story of Grok diagnosing a cat’s diabetic ketoacidosis crisis in Frankfurt, Germany, prompting the owner to rush to an emergency vet and potentially saving the pet’s life. Similar anecdotes have emerged of Grok identifying critical human medical conditions that doctors initially missed, positioning the AI as a helpful second opinion tool rather than a replacement for professional care.

Grok Imagine, the model’s image and video generation feature, received significant updates in March and early April 2026. New capabilities include a multiselect action bar with unsave and batch operations, redesigned upload panels with improved drag-and-drop support, and dual generation modes — Speed for rapid iteration and Quality for higher-fidelity outputs. Users report the tool produces humorous and creative results, with Musk frequently sharing absurd yet technically impressive examples generated overnight.

Video upload support rolled out at the end of March, allowing users to share and discuss video content directly in conversations. These multimodal enhancements make Grok more versatile for everyday tasks, content creation and entertainment.

Grok 5, the next major model rumored to feature up to 6 trillion parameters and advanced Mixture-of-Experts architecture, remains in training on xAI’s expanding Colossus supercluster in Memphis. The cluster is scaling toward 1.5 gigawatts of power by April 2026, supporting massive training runs. Musk and xAI have indicated a public beta could arrive in May or June 2026, with full API access potentially following in the third quarter. Speculation around Grok 5’s potential to approach artificial general intelligence benchmarks has fueled industry debate, though xAI emphasizes practical utility and truth-seeking over hype.

Grok’s integration into Tesla vehicles expanded in February 2026 with the 2026.2.6 software update, bringing the AI assistant to European models with navigation commands. The feature, already available in North America, allows voice interactions for route planning and vehicle controls, enhancing the in-car experience.

On the business side, xAI continues to grow rapidly. The company raised $20 billion in a Series E funding round in January 2026 and introduced Grok Business and Grok Enterprise tiers in late 2025, making the assistant available for corporate use with enhanced security and customization. The Grok Imagine API launched in January, offering state-of-the-art video generation with competitive quality, cost and latency.

Free access to Grok remains available in April 2026 with usage limits, while paid plans unlock higher quotas, advanced models and priority features. The free tier serves as an entry point, encouraging users to experience Grok’s helpful, humorous personality inspired by the Hitchhiker’s Guide to the Galaxy and JARVIS from Iron Man.

Despite its strengths, Grok has faced occasional scrutiny. In March 2026, X investigated reports of offensive or biased content generated by the model in response to certain prompts. xAI and the platform addressed the issues through refinements, reinforcing safeguards while maintaining Grok’s commitment to maximum truthfulness and minimal political correctness.

Grok’s performance on “Humanity’s Last Exam” and other rigorous tests has drawn attention. Earlier versions scored competitively, and expectations for Grok 5 include near-perfect results with the ability to identify errors in test questions themselves.

The model’s real-time knowledge via integration with X provides an edge in fast-moving topics, from breaking news to live events. Users praise its witty responses and willingness to tackle controversial subjects directly, setting it apart from more guarded competitors.

xAI’s rapid iteration cycle stands out in the industry. From Grok 4’s July 2025 launch to the polished Grok 4.20 series, the team has delivered frequent updates focused on reasoning, speed, coding and multimodal capabilities. Multi-agent systems, including Grok 4.20 Heavy with 16 specialized agents, represent steps toward more autonomous AI workflows.

Community feedback on X highlights practical benefits. Lawyers use Grok for complex legal reasoning across jurisdictions, potentially saving time and costs on research. Taxpayers report using it to optimize filings and avoid overpayments. Content creators leverage Imagine for quick visuals and video concepts.

As Grok evolves, xAI emphasizes building AI that accelerates scientific discovery and benefits humanity. Musk has stated the company’s goal is to understand the true nature of the universe, with Grok designed as a curious, truth-seeking companion rather than a censored tool.

Looking ahead, attention turns to Grok 5’s training progress and potential capabilities in video understanding, longer context windows and advanced agentic behavior. The Colossus 2 expansion provides the computational foundation for these leaps.

Grok’s availability across grok.com, the X platform, iOS and Android apps ensures broad access. Enterprise users benefit from dedicated API tools for agent development and secure deployments.

In April 2026, Grok stands as one of the most capable and engaging AI systems available, blending strong benchmark performance with real-world helpfulness and a distinctive personality. Its continued rise on leaderboards and stories of positive impact underscore xAI’s progress in a competitive field.

Users seeking the latest version can access Grok 4.20 Beta 2 directly on supported platforms. For those interested in image and video generation, the updated Imagine tools offer new creative possibilities with improved controls and quality options.

As xAI pushes toward more advanced models, Grok 4.20 serves as a robust foundation, delivering value today while previewing the future of helpful, maximally truthful AI.

With frequent updates and growing adoption, Grok continues to carve a unique space in the AI landscape — one defined by humor, honesty and a relentless focus on utility.

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NEW YORK — Travelers at John F. Kennedy International Airport faced relatively smooth security screening on Tuesday, with TSA wait times averaging 8 to 13 minutes across major terminals in mid-morning hours, providing welcome relief amid typical spring travel volume.

As of approximately 11 a.m. EDT on April 14, 2026, official estimates from the JFK airport website showed general security lines moving efficiently. Terminal 4 reported the shortest general wait at around 8-11 minutes, while Terminal 5 stood at about 13 minutes. Terminal 1 and Terminal 7 hovered near 10 minutes, and Terminal 8 was listed at 12 minutes. TSA PreCheck lanes remained exceptionally fast, often clearing in 1 to 6 minutes depending on the terminal.

These figures align with real-time trackers, including takeofftimer.com and Delta Air Lines’ airport wait time data, which indicated current standard security waits around 12 minutes overall and PreCheck as low as 1 minute. The shortest waits appeared in Terminal 5 at roughly 7-8 minutes, while Terminal 8 occasionally reached 17 minutes during busier pockets.

JFK, one of the busiest airports in the United States and a major international gateway, handles millions of passengers monthly. On a typical mid-week day in April, passenger volumes remain steady without the extreme holiday peaks that can push waits beyond 45-60 minutes. Tuesday’s lighter morning crowds after the early rush contributed to the efficient flow.

Airport officials note that posted wait times are estimates based on checkpoint systems and are most accurate when lines stay within designated queue areas. Staff continuously monitor and update figures if lines extend beyond standard zones. Travelers are advised to check the official JFK website or the MyTSA app for the latest updates, as conditions can shift quickly with incoming flights or staffing adjustments.

TSA PreCheck and CLEAR members continued to enjoy significant advantages. In many terminals, PreCheck lanes processed passengers in under 5 minutes, making enrollment programs highly valuable for frequent flyers. Terminal 4, a major hub for Delta and international carriers, consistently showed some of the quickest PreCheck times at just 1 minute.

Spring travel patterns at JFK often include a mix of leisure trips to Europe and the Caribbean alongside business traffic. With no major weather disruptions reported Tuesday and stable TSA staffing, lines moved steadily compared to peak morning hours (typically 5-9 a.m.) or evening rushes (3-7 p.m.), when waits can climb toward 20-35 minutes or more.

Recent months have seen occasional longer delays at JFK due to high passenger volumes and variable staffing. In March 2026, some travelers reported waits exceeding 30-90 minutes during peak periods, prompting temporary suspensions of real-time reporting on airport websites amid broader TSA challenges. However, by mid-April, reporting has resumed with more consistent data, and Tuesday’s numbers reflect a smoother operational day.

The Port Authority of New York and New Jersey, which operates JFK, emphasizes preparation for travelers. Recommendations include arriving at least two to three hours before international flights and 90 minutes to two hours for domestic departures. Removing liquids, electronics and belts in advance, along with using mobile boarding passes, helps expedite the process.

TSA’s 3-1-1 liquids rule remains in effect: passengers may carry containers of 3.4 ounces or less in a single quart-sized clear plastic bag. Electronics larger than a smartphone must be removed from bags, and travelers should be ready to place jackets, shoes and belts in bins.

For those with TSA PreCheck, the experience is notably faster, with shoes, belts and light jackets often kept on. CLEAR biometric screening further reduces touchpoints at participating checkpoints.

JFK’s five main terminals each operate independent security checkpoints, so wait times can vary by airline and departure gate location. Terminal 4 (Delta and many international carriers) and Terminal 5 (JetBlue) frequently handle high volumes but managed efficient throughput Tuesday. Terminal 8 serves American Airlines, while Terminal 1 and Terminal 7 accommodate a mix of carriers including Aer Lingus, Air France and others.

Travelers shared positive experiences on social platforms and Reddit forums throughout the morning. Some reported clearing security in under 15 minutes even without PreCheck, praising organized staffing and fewer bottlenecks than in prior weeks. Others noted that arriving early still provides the safest buffer, especially for connections or international flights requiring additional customs processing.

Broader TSA passenger volumes nationwide remain high but manageable on weekdays. Tuesday’s national checkpoint numbers were in line with typical spring travel, without the surges seen during holiday periods or spring break peaks.

Airlines operating out of JFK, including Delta, JetBlue, American and international partners, encourage passengers to monitor flight status and security waits via apps and airport websites. Many carriers offer contactless bag drop and mobile check-in to shave additional time off the pre-flight process.

For international travelers, post-security waits for customs and border protection can add significant time on arrival, but departure screening focuses primarily on TSA security. JFK has invested in technology upgrades, including advanced imaging systems and automated lanes, to improve throughput while maintaining rigorous safety standards.

Travel experts recommend downloading the MyTSA app for crowd-sourced wait reports and official guidance. The app also provides reminders on prohibited items and real-time alerts for airport conditions. Third-party sites like takeofftimer.com aggregate data for quick reference but stress that official sources offer the most reliable estimates.

With summer travel season approaching, JFK officials and TSA continue monitoring staffing and passenger forecasts. Peak summer weekends often see heightened volumes, making PreCheck and early arrival even more critical.

Tuesday’s moderate wait times offer a reminder that conditions at major hubs like JFK can improve significantly outside rush hours. Mid-morning and early afternoon slots frequently provide the smoothest experiences for both PreCheck and general passengers.

Passengers with disabilities or needing assistance can request expedited screening or use designated lanes. Families with young children or travelers with medical needs should allow extra time and inform TSA officers in advance.

JFK remains a vital economic engine for the New York region, facilitating billions in trade and tourism annually. Efficient security operations support on-time departures and positive traveler experiences, which airlines and the airport actively work to maintain.

As the day progresses, travelers should continue checking real-time updates, especially if departing during afternoon or evening peaks when business and leisure flights converge. Light rain or other minor weather in the New York area can occasionally slow curb-side operations but had minimal impact on indoor security lines Tuesday.

For those heading to JFK today or in coming days, the message from airport authorities is consistent: build in a buffer, use available expedited programs, and stay informed through official channels. With current waits in the single digits to low teens for most terminals, many passengers can expect a relatively stress-free security experience compared to busier periods.

JFK’s security teams and airline staff continue to balance thorough screening with efficient movement, ensuring safety remains the top priority while minimizing delays. Tuesday’s data suggests a smoother-than-average day for the thousands passing through America’s gateway to the world.