Company News

Muthoot Fincorp on Saturday announced plans to go public and raise up to Rs 4,000 crore through an initial public offering (IPO). The non-bank lender reported a net profit of Rs 1,640 crore for FY26, more than double of the Rs 787 crore in in FY25. The gold loan-focused non-bank lender's IPO will comprise a fresh issue of equity shares which can be deployed for future growth, as per an official statement. The decision for an IPO was taken at a board meeting on Saturday. Without sharing any details on the timelines, the statement said the issue is subject to shareholder approval, market conditions and regulatory clearances. The IPO activity is very lull in FY26, after a very busy FY25, where companies raised record amounts. However, most of the IPOs were secondary transactions where existing investors were exiting and concerns were also raised about fresh issuances. Alongside the IPO plan, the Muthoot board also approved a stock split, subdividing equity shares of face value Rs 10

Logistics firm Delhivery on Saturday reported a marginal dip in net profit to Rs 72.39 crore in the March quarter of 2026 against Rs 72.55 crore in the corresponding quarter of the previous financial year. Total income of the company for the quarter under review stood at Rs 2,909 crore, up 26.31 per cent year-on-year from Rs 2,303 crore in Q4FY25, the company said. For FY 26, consolidated PAT declined 6.81 per cent year-on-year at Rs 152.54-crore from Rs 162.11-crore an year earlier. The company also announced the elevation of six senior leaders to executive leadership positions.

Auto components maker Uno Minda on Saturday said its profit after tax (PAT) grew 22 per cent year-on-year to Rs 326 crore in the January-March quarter, compared to the corresponding period of last year. The company had delivered a bottomline of Rs 266-crore in the quarter ended March 2025. Consolidated revenue for the reporting quarter was seen at Rs 5,336 crore, up 18 per cent from Rs 4,528 crore in Q4FY25, it said. This growth was broad-based and high-quality, driven by value-added features and volume expansion across the company's core and emerging product offerings. Uno Minda also achieved an EBITDA (earnings before interest, taxes, depreciation and amortisation) of Rs 603-crore for the March quarter of 2026 as against Rs 527-crore in the period year earlier, registering a year-on-year growth of 14 per cent, the company said. For the full year ended March 31, 2026, PAT stood at Rs 1,166 crore (PAT (UML share excluding prior period income and exceptional item) as against Rs 943

Aditya Birla group to infuse Rs 4,730 crore from Singapore-based promoter entity

State-owned Power Grid Corporation has posted nearly 10 per cent rise in its consolidated net profit to Rs 4,546.33 crore in the March quarter compared to the year-ago period due to higher deferred tax credit. The consolidated net profit was Rs 4,142.87 crore in the quarter ended on March 31, 2025, a regulatory filing showed. According to the regulatory filing, the company has a deferred tax credit of Rs 5,179.80 crore in the quarter compared to Rs 19.98 crore in the same period a year ago. However, total income has dipped to Rs 11,970.69 crore in the quarter from Rs 12,590.80 crore a year ago. In the fiscal 2025-26, the consolidated net profit rose to Rs 15,927.95 crore from Rs 15,521.44 crore a year ago. The company said in a statement that it has proposed a final dividend of Rs 1.25 per share on a face value of Rs 10 each (12.50% of the paid-up share capital) in addition to interim dividend of Rs 7.75 per share paid for FY26 so far. At the end of FY26, the total transmission as

Beleaguered telecom operator Vodafone Idea has posted a consolidated net profit of Rs 51,970 crore - its first ever in about six years, for the March quarter of FY2025-26, mainly due to relief in statutory liabilities, according to a company filing. The company had posted a loss of Rs 7,167 crore in the same period a year ago. The Department of Telecom (DoT) on January 27 confirmed that the AGR (adjusted gross revenue) dues of Vodafone Idea (Vi) as of December 31, 2025, amount to Rs 87,695 crore. Thereafter, the DoT informed Vi on April 30 that the Committee formed for the purpose of reassessment finalised the AGR dues at Rs 64,046 crore for the FY 2006-07 to 2018-19 as on December 31, 2025. "Consequently, in accordance with Ind AS 109, the financial liability of Rs 80,502 crore as at December 31, 2025, was derecognised and the revised financial liability of Rs 24,880 crore was recognised, which is the present value of future payments as stated above. The resulting difference of Rs

Cigarette maker Godfrey Phillips India Ltd on Friday reported an 86 per cent jump in consolidated net profit at Rs 521.46 crore in the fourth quarter ended March 31, 2026, driven by robust sales. The company had posted a consolidated net profit of Rs 279.61 crore in the corresponding quarter of the preceding fiscal, Godfrey Phillips India (GPI) said in a regulatory filing. Consolidated total revenue from operations in Q4FY26 stood at Rs 3,485.54 crore as against Rs 1,887.79 crore in the year-ago period. Total expenses in the quarter under review were higher at Rs 2,968.42 crore, compared to Rs 1,663.92 crore in the corresponding period a year ago. The board of directors has recommended a final dividend of Rs 3.3 per equity share of Rs 2 each for 2025-26, the company informed the stock exchanges. For FY26, consolidated net profit stood at Rs 1,526 crore, compared to Rs 1,072.31 crore in FY25. Consolidated total revenue from operations for the entire financial year stood at Rs 9,12

OpenAI has said the organization is stronger as a for-profit entity, including the nonprofit that is now a shareholder of the corporation, and that Musk simply wanted control

That could include sending the iPhone maker a notice alleging breach of contract without necessarily filing a full lawsuit at the outset, according to the people

The Enforcement Directorate on Thursday said it has frozen Rs 526-crore bank deposits and seized gold jewellery worth Rs 3.5 crore along with Rs 11 lakh in cash after it concluded searches in a money laundering case against online gaming platform Gameskraft and its founders, officials said Thursday. The searches against the Bengaluru-based company were launched on May 7 in Delhi-NCR and the capital city of Karnataka. The raids concluded on May 13, the agency said in a statement. Movable assets like bank and payment gateway deposits, bonds and fixed deposits worth a total Rs 526.49 crore have been frozen while gold, diamond jewellery and bullion worth Rs 3.5 crore and Rs 11 lakh in cash have been seized during the operation conducted under the Prevention of Money Laundering Act (PMLA), it said. Following the raids, the ED had arrested three founders of the company -- Deepak Singh, Prithvi Raj Singh and Vikas Taneja. Gameskraft Technologies Pvt Ltd, as per the ED, hosts rummy games a

Third-party logistics firm Shadowfax Technologies on Thursday reported a net profit of Rs 56 crore in the fourth quarter of FY 2025-26, driven by strong revenue growth. The company had posted a net loss of Rs 10 crore in the quarter ended March 31, 2025. Revenue for the quarter under review grew nearly 73.73 per cent year-on-year (YoY) to Rs 1,237 crore from Rs 712 crore a year ago, Shadowfax said in a regulatory filing. For FY26, the company reported a net profit of Rs 112 crore, a multifold jump from Rs 6 crore in FY25. The company said it delivered 22.6 crore orders, comprising both express parcel and hyperlocal segments, with a shipment growth of 100.8 per cent year-on-year. Shadowfax also said it invested Rs185 crore during FY26 in network expansion, sort centres, capacity enhancement and automation. "FY26 has been a defining year for the company as we strengthened the business across scale, profitability and infrastructure. During the year, we invested Rs 185 crore in capex

Siemens Energy India Ltd (SEIL) on Thursday posted 52.4 per cent rise in net profit at Rs 375 crore for March quarter. It had reported a net profit of Rs 246 crore in the same quarter a year ago, the company said in a statement. Revenue from operations rose 27.4 per cent to Rs 2,394 crore from Rs 1,880 crore in the year-ago period. Siemens Energy India follows October to September as its financial year. "We delivered another strong quarter with a focus on profitable growth and value creation. Despite current global scenario, the company kept its high performance through disciplined execution of its healthy backlog," Managing Director and Chief Executive Officer Guilherme Mendonca said. Demand momentum in India remains strong, driven by electrification, decarbonization and energy security priorities, as well as export opportunities, he added. SEIL provides solutions across the entire energy value chain from power and heat generation, transmission to storage.

Voltas Ltd, the air-conditioning maker and engineering services provider, on Thursday reported a 51.87 per cent decline in its consolidated net profit to Rs 113.43 crore for the March quarter of FY26. It had posted a consolidated net profit of Rs 235.69 crore a year ago, according to a regulatory filing by the Tata Group firm. Voltas' revenue from operations was Rs 4,887.83 crore in the March quarter against Rs 4,767.56 crore in the year-ago quarter. Total expenses of Voltas increased 5.3 per cent to Rs 4,709.95 crore in the March quarter. Voltas total income, which includes other income, rose 1.7 per cent to Rs 4,930.46 crore in the fourth quarter of FY26. In the March quarter, Voltas' revenue from "unitary cooling products for comfort and commercial use", which has room AC business, inched up 1 per cent at Rs 3,493.44 crore. It was Rs 3,458.43 crore in the corresponding period of the last fiscal. "Despite geopolitical-related disruptions creating volatility in raw material ...

Revenue from operations increased to ₹1.05 lakh crore in the January-March quarter from ₹98,377 crore a year earlier, according to a company filing.

JSW Steel on Thursday said its board has approved raising up to Rs 14,000 crore through the issuance of non-convertible debentures and equity shares. The board has also approved the scheme of amalgamation of BMM Ispat with JSW Steel at an enterprise value of Rs 6,400 crore, the company said in a regulatory filing. It said funds will be raised through the issuance of non-convertible debentures with warrants, which are convertible into or exchangeable with equity shares of the company of face value of Re 1 each (the equity shares) at a later date, for an amount not exceeding Rs 7,000 crore, inclusive of such premium as may be decided by the board. Also, the company plans to issue equity shares and/or convertible securities (other than warrants) for an amount not exceeding Rs 7,000 crore, inclusive of such premium as may be decided by the board. In a separate statement, JSW Steel said the board has considered and approved the "Scheme of Amalgamation pursuant to section 230-232 and oth

The steep drop in profit was mainly due to higher raw material cost, employee expense and tax

Shriram General Insurance on Wednesday reported a 28 per cent year-on-year growth in net profit at Rs 167 crore in the January-March quarter of FY26, citing a higher premium income. Net profit during the fourth quarter of FY25 stood at Rs 130 crore, the company said in a statement here. For the full FY26 fiscal, the net profit rose 17 per cent to Rs 601 crore from Rs 515 crore recorded in FY25. The company said it has logged a 21 per cent year-on-year rise in gross direct premium income in the fourth quarter of FY26, outperforming the general insurance industry's growth rate of 11 per cent. In absolute terms, gross direct premium income rose to Rs 1,332 crore in the quarter under review from Rs 1,099 crore recorded in the corresponding period of the preceding fiscal year, driven mainly by growth in its motor insurance portfolio, the insurer said. For the full 2025-26 fiscal, the company posted a 24 per cent increase in premium income to Rs 4,636 crore, compared with Rs 3,753 crore

Amazon and Flipkart are expanding dark-store networks beyond major urban markets as competition and saturation pressure profitability in metros

Consolidated revenue for Q4FY26 stood at ₹26,100 crore, up 19 per cent year-on-year, while EBITDA margin improved to 13.1 per cent from 11.6 per cent a year earlier

Berger Paints India Ltd on Tuesday reported a 27.52 per cent rise in consolidated net profit at Rs 335.25 crore for March quarter FY26 helped by improvement in product mix and softening of raw material prices. The company had logged a profit of Rs 262.91 crore in the year-ago period, Berger Paints India said in a regulatory filing. Revenue from operations in the quarter stood at Rs 2,868.03 crore as against Rs 2,704.03 crore a year ago. Total expenses were higher at Rs 2,499 crore as compared to Rs 2,380.55 crore. "The progressive demand improvement seen in the previous quarter continued into the fourth quarter which enabled the achievement of a healthy volume growth of 11.8 per cent for the quarter. This growth was supported by a qualitative improvement in mix and softening of raw material prices..." Berger Paints India Managing Director & CEO Abhijit Roy said. The automotive segment performed strongly following the increased demand post GST cuts and lower financing costs. This ..