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Two-wheeler maker Hero MotoCorp Ltd has reported a 16.86 per cent decline in consolidated profit after tax to Rs 1,417.93 crore in the first quarter ended June 30 due to high base effect. The company had posted a consolidated net profit of Rs 1,705.65 crore in the corresponding period of previous fiscal. The previous year PAT included a onetime gain of Rs 722 crore on account of dilution of the company's share of investment in associates consequent to public issue and private placement, Hero MotoCorp said in a statement. Consolidated revenue from operations in the first quarter stood at Rs 13,126.35 crore as against Rs 9,727.75 crore in the year-ago period, the company said in a regulatory filing on Thursday. During the quarter, the company sold 16.77 lakh motorcycles and scooters, registering a 23 per cent year-on-year growth over the corresponding quarter of the previous year, Hero MotoCorp said. Total expenses in the quarter under review rose to Rs 11,621.48 crore as compared
Life Insurance Corporation of India (LIC) on Thursday posted a 23 per cent increase in net profit to Rs 13,492 crore in the first quarter of the ongoing financial year. The country's biggest insurer had earned a profit of Rs 10,987 crore in the corresponding quarter a year earlier. The total income of the insurer during the reporting quarter improved to Rs 2,37,848 crore from Rs 2,22,864 crore in the same period of the preceding fiscal year, LIC said in a regulatory filing. LIC's income from first-year premium also improved to Rs 9,217 crore in the latest June quarter against Rs 7,525 crore in the same period of the preceding fiscal year. Income from renewal premiums in the reporting period increased to Rs 61,833 crore compared to Rs 59,885 crore a year ago. As regards single premium, the Corporation collected Rs 56,369 crore as compared to Rs 51,923 crore in the first quarter of the previous financial year. Thus, net premium income rose to Rs 1,27,250 crore in the quarter under
Crompton Greaves Consumer Electricals Ltd on Thursday reported a 15.17 per cent increase in its consolidated net profit to Rs 142.7 crore in the June quarter of FY2026-27, helped by price hikes across categories and cost efficiencies. The company had posted a net profit of Rs 123.9 crore in the April-June quarter a year ago, according to a regulatory filing from Crompton Greaves Consumer Electricals Ltd (CGCEL). Its revenue from operations was at Rs 2,235.02 crore, up 11.84 per cent in the June quarter of FY'27. It was at Rs 1,998.38 crore in the corresponding quarter a year ago. Its "EBITDA margin expanded by 20 bps to 10 per cent, impacted by inflation, however offset by disciplined pricing actions, operating leverage and cost initiatives," said CGCEL in its earnings statement. CGCEL's total expenses were at Rs 2,065.50 crore, up 11.29 per cent in the first quarter of FY'27. The company "registered double-digit revenue growth across all the segments". Its "double-digit growth ..
Apollo Tyres on Thursday reported a multi-fold jump in consolidated net profit at Rs 348.87 crore for the first quarter ended June 30, 2026 on the back of low base effect and strong sales across market segments. The company had posted a net profit of Rs 12.88 crore a year ago, which included the net impact after tax of restructuring and impairment of the Netherlands plant amounting to Rs 273 crore, Apollo Tyres said in a regulatory filing. Revenue from operations in the first quarter this fiscal stood at Rs 7,397.79 crore as against Rs 6,560.76 crore a year ago. Total expenses were higher at Rs 7,012.03 crore as compared to Rs 6,171.15 crore. Commenting on the company's performance in the first quarter, Chairman, Onkar Kanwar said: "We delivered healthy revenue growth during the quarter, supported by robust demand across market segments and sustained high-capacity utilisation across our manufacturing network." He further said,"While we remain mindful of the evolving macroeconomic .
Auto components maker Samvardhana Motherson International on Thursday reported a 31.2 per cent decline in consolidated net profit at Rs 1,075.66 crore in the first quarter ended June 30, 2026, impacted by higher material costs. The company had posted a consolidated net profit of Rs 1,561.56 crore in the corresponding period of the last fiscal, Samvardhana Motherson International Ltd (SMIL) said in a regulatory filing. Consolidated total revenue from operations in the first quarter stood at Rs 35,243.77 crore as against Rs 34,309.31 crore in the year-ago period, it added. Total expenses in the quarter under review were higher at Rs 33,964.73 crore as compared to Rs 32,355.72 crore in the same period a year ago, the company said. Cost of materials consumed in the first quarter was higher at Rs 19,378.83 crore as against Rs 18,007.35 crore in the corresponding quarter last fiscal, it added. Commenting on the performance, Motherson Chairman Vivek Chaand Sehgal said the company has beg
State-owned Power Grid Corporation of India has reported a slight on-year dip in consolidated net profit of Rs 3,598.42 crore in the June quarter. The consolidated net profit was at Rs 3,630.58 crore in the quarter ended on June 30, 2025, the company said in a regulatory filing. The company's total income, however, rose to Rs 11,696.72 crore in the quarter from Rs 11,444.42 crore in the same period a year ago. In another exchange filing on Wednesday, Power Grid Corporation of India said it has approved a Rs 856.94 crore project on August 5, 2026, to upgrade the Tirunelveli Udumalpet and PugalurMadurai 400kV double-circuit lines with high-temperature low-sag (HTLS) conductors. The project is set for completion within 24 months by February 11, 2028. In the April-June quarter, the company incurred a capital expenditure of Rs 7,765 crore and capitalized assets worth Rs 5,277 crore (excluding FERV and including assets capitalized as finance lease) on consolidated basis during Q1FY27.