Company News

Vedanta reported a 151 per cent jump in Q2FY27 net profit to Rs 6,202 crore, while revenue rose 57 per cent to Rs 25,812 crore and Ebitda reached a record Rs 9,938 crore during the quarter.

United Spirits reported a net profit of ₹462 crore for Q2 FY27, while revenue from operations stood at ₹7,001 crore during the September quarter.

Provisional acceptances under the €3.91 billion offer reached 87.81 per cent of Iveco's share capital, clearing the revised minimum threshold of 80 per cent

The life sciences technology company plans to move its Asia headquarters from Chennai as it targets about 5,000 specialised professionals and $500 million in revenue over five to seven years

MakeMyTrip's gross bookings rose 20.9% in constant currency terms to $2.7 billion, while high airfares and capacity constraints continued to weigh on its air ticketing business.

The drugmaker's revenue rose 17.3 per cent to ₹4,338 crore in Q2 FY27, supported by strong demand for chronic therapies and growth in Bharat Serums and Vaccines' speciality portfolio.

Dhanlaxmi Bank on Monday reported more than a two-fold increase in net profit at Rs 48.55 crore in the second quarter of FY27. The Kerala-based private sector bank had posted a net profit of Rs 23.20 crore in the July-September quarter of FY26. Interest income of the bank increased 23 per cent to Rs 471 crore during the second quarter of FY27, from Rs 384 crore in the corresponding period of FY26. Gross non-performing assets improved to 1.76 per cent of gross advances during the quarter under review, from 3.10 per cent in the year-ago period. Shares of Dhanlaxmi Bank were trading at Rs 32.73 on BSE, down 8.40 per cent from the previous close.

Tamilnad Mercantile Bank on Monday reported a 42 per cent growth in net profit at Rs 451 crore for the September quarter of FY27. The private sector lender had posted a net profit of Rs 317 crore in the July-September quarter of the last fiscal 2025-26. Interest income of the bank rose 29 per cent to Rs 1,820 crore during Q2 of FY27, from Rs 1,413 crore in the same quarter of previous fiscal. Gross non-performing assets (NPAs) declined to 0.61 per cent of gross advances during the September quarter, from 1.01 per cent in the corresponding quarter of FY26. Shares of Tamilnad Mercantile Bank were trading at Rs 786.30, down 1.82 per cent over previous close on BSE.

Shriram Finance aims to double gold loans' share of its AUM to 5 per cent in two years, while expanding EV financing and exploring partnerships with Japanese automakers.

Italian fashion retailer OVS plans to have 11 stores in India by 2028 before accelerating expansion from 2029, focusing on metros and tier-one markets as it assesses demand.

AU Small Finance Bank on Saturday reported a 53 per cent surge in net profit at Rs 858 crore for the second quarter ended September 30, 2026 on the back of improvement in interest income. The lender had earned a net profit of Rs 561 crore in the year-ago period. Total income rose to Rs 6,382 crore in the quarter under review from Rs 5,224 crore in the same period a year ago, AU Small Finance Bank said in a regulatory filing. Interest income increased to Rs 5,612 crore as against Rs 4,511 crore in the corresponding second quarter of the previous year. Net interest income of the bank improved to Rs 2,820 crore in the July-September quarter, from Rs 2,144 crore in the September quarter of 2025, registering a growth of 32 per cent. Net interest margin increased to 5.8 per cent from 5.5 per cent at the end of September 2025. Asset quality of the bank also improved with gross non-performing assets (NPAs) rising to 1.99 per cent of gross advances at the end of the September quarter 2026

JK Cement Ltd on Saturday reported a 6.31 per cent increase in its consolidated net profit to Rs 169.3 crore for the September quarter of FY2026-27, helped by volume gains. The company had posted a net profit of Rs 159.25 crore in the July-September period a year ago, according to a regulatory filing from JK Cement Ltd (JKCL), the flagship company of JK Organisation Group. Its revenue from operations was up 23.65 per cent to Rs 3,733.42 crore in the September quarter of FY27 compared to Rs 3,019.20 crore in the year-ago period. The company reported "robust volume growth and higher profitability despite cost pressures," JKCL said in its Investor Presentation. Its grey cement sales volume rose 21 per cent to 5.37 million tonnes (MT) in the second quarter of FY27. Similarly, white cement volume was up 13 per cent to 0.49 MT. JKCL's total expenses rose 24.34 per cent to Rs 3,515.71 crore in the September quarter of FY'27. Its total income, including other income, rose 22.84 per cent t

State-owned Bharat Petroleum Corporation Ltd (BPCL) reported a 22.5 per cent fall in September quarter net profit as earnings from operations weakened due to a retail price freeze despite rising costs. BPCL's standalone net profit declined to Rs 4,993 crore in July-September, the second quarter of fiscal 2027, from Rs 6,443 crore a year earlier, according to a company statement. Revenue from operations rose to Rs 1.58 lakh crore from Rs 1.22 lakh crore, while Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) fell nearly 14 per cent to Rs 9,437 crore from Rs 10,968 crore. India's second largest fuel retailer earned USD 32.53 on turning every barrel of crude oil into fuels like petrol and diesel in July-September, as compared to USD 10.78 a barrel gross refining margin in the same period a year back. But these gains were wiped away by losses arising from the five month old freeze in retail price revision despite a rise in cost. BPCL also booked Rs 330 crore ...

Swelect Energy plans to expand its independent power producer portfolio to 1 GW over two years and enter ingot and wafer manufacturing as part of its renewable energy push

JSW Steel's Q2FY27 net profit rose 225.3 per cent to ₹5,279 crore on higher volumes and realisations, while its board approved fresh investments in steelmaking and mining projects

A year after restarting operations, WazirX is focusing on recovering value for customers and creditors, rebuilding trust and using AI tools to improve trading outcomes.

The deal includes Fusion Cash Management, Fusion Virtual Accounts and Fusion Liquidity Management, ensuring customer continuity and supporting future growth.

Deepak Reddy will take over as MD & CEO in April 2027, subject to IRDAI approval, as Tapan Singhel approaches the regulatory limit of 15 years at the helm of an insurer.

Jindal Steel reported a 21% rise in Q2FY27 net profit to ₹771 crore, supported by higher sales volumes, while total income grew 26% to ₹15,289 crore.

Fourth Partner Energy Ltd. (FPEL) has secured Rs 750 crore in financing from Tata Capital Cleantech Finance (TCCL) to develop a hybrid renewable energy project in Maharashtra combining solar, wind and battery storage, as developers increasingly turn to energy storage to provide more predictable clean power to corporate consumers. The project comprises 300 megawatts-peak (MWp) of solar capacity, 50 MW of wind power and a Battery Energy Storage System (BESS) with a capacity of 750 megawatt-hours (MWh). It is expected to generate more than 630 million units of clean electricity annually for corporate customers in the state, FPEL said in a statement on Friday. The company has received an initial disbursement of nearly Rs 375 crore against the total financing sanction of Rs 750 crore, said Pradhyum Reddy, FPEL's head of corporate finance and renewable capital. The project comes as India's commercial and industrial power consumers seek more reliable renewable electricity supplies and ...