Page 11 - Company News

PFC, REC say merger transition smooth; merged firm to have 20% exposure cap

Power financiers say post-merger single-entity exposure limit will be 20%, expect adequate headroom for borrowings and smooth transition

ONGC's Q3 FY26 results: Net profit increases 22% to ₹11,946 crore

ONGC's board of directors declared second interim dividend of ₹6.25 per equity. The total payout would be ₹7,863 crore for the dividend

Petronet LNG Q3 FY26: Net profit rises 5% on higher capacity utilization

Petronet LNG Ltd, India's biggest liquefied natural gas importer, on Thursday reported a 5 per cent rise in the December quarter net profit as usage at its Kochi terminal rose to an all-time high. Net profit of Rs 848 crore in October-December 2025 - the third quarter of the current 2025-26 fiscal year - compared with Rs 806 crore earnings in the same period a year back, a company statement said. The company which operates two facilities at Dahej in Gujarat and Kochi in Kerala for import of natural gas in its liquid form (LNG), saw overall volume throughput rise by 2 per cent to 228 trillion British thermal units. "Capacity utilisation of the (17.5 million tonnes a year) Dahej terminal stood at 94 per cent in the current quarter, up from 92 per cent in the previous quarter and 93 per cent in the corresponding quarter," it said. "The (5 million tonnes a year) Kochi terminal achieved the highest ever capacity utilization of 29 per cent in the current quarter. Kochi operations have be

Honasa Consumer Q3 FY26 result: Profit up 93%, focus categories shine

Honasa Consumer Ltd, which owns FMCG brands such as Mamaearth and The Derma Co, on Thursday reported a 92.9 per cent jump in its consolidated profit at Rs 50.2 crore in the December quarter of FY26. It logged a profit of Rs 26.02 crore in the October-December period a year ago, according to a regulatory filing. Honasa Consumer's revenue from operations was up 16.23 per cent to Rs 601.54 crore in the December quarter of FY26. The revenue was at Rs 517.51 crore in the corresponding quarter a year ago. According to the company, the third-quarter revenue is "the highest-ever quarterly revenue for the company". Total expenses of Honasa Consumer were at Rs 550.31 crore, up 8.47 per cent. Its focus categories delivered growth of over 25 per cent, driven by strong demand. "Mamaearth returned to double-digit growth during the quarter, supported by product superiority and sharpened investment, resulting in market share gains and traction in focus categories," the company said in its earnin

Jagran Prakashan Q3 FY26 result: Net profit falls 12%, revenue down 8%

Jagran Prakashan Ltd, the publisher of Hindi daily Dainik Jagran, on Thursday reported a decline of 12 per cent in its consolidated net profit to Rs 55.16 crore in the December quarter of FY26. The company registered a net profit of Rs 62.71 crore in the October-December period a year ago, according to a regulatory filing from Jagran Prakashan Ltd (JPL). Its revenue from operations was down 7.7 per cent to Rs 476.71 crore in the December quarter. It was at Rs 516.50 crore in the corresponding quarter a year ago. JPL's total expenses were down 5.32 per cent to Rs 431.28 crore in the December quarter of FY26. Total income of JPL, which includes other income, in the December quarter was down 6.16 per cent to Rs 504.50 crore. Its revenue from printing, publishing and digital was at Rs 370.17 crore, down 6.41 per cent in the third quarter of FY26. JPL's revenue from the FM radio business was down 28.9 per cent to Rs 46.47 crore in Q3 of FY26. However, revenue from other segments, whi

SpiceJet swings to ₹262 cr loss in Dec quarter on labour codes, weak rupee

Budget carrier reports Q3FY26 loss as labour code impact, grounded aircraft, airspace curbs and weaker rupee weigh on performance

Coal India Q3 profit falls 16% on lower volumes, softer realisations

CIL reports Rs 7,166 crore profit in Q3FY26, down 16% YoY, as offtake declines and revenue slips 5% amid softer realisations

Bombay High Court disposes final writ against WeWork India's IPO

The court also disposed of the accompanying interim application seeking amendment of the writ petition, without granting liberty to refile

Coal India Q3 FY26: Net profit drops 16% to ₹7,157 crore on lower sales

State-owned CIL on Thursday reported a 15.8 per cent decline in consolidated net profit at Rs 7,157.45 crore in the quarter ended December 2025, amid lower sales and higher expenses. Coal India Ltd (CIL), which accounts for 80 per cent of domestic coal output, logged a consolidated net profit of Rs 8,505.57 crore in the year-ago period. In a filing to BSE, the Maharatna firm said that its sales dropped to Rs 30,818.17 crore from Rs 32,358.98 crore in the corresponding quarter of the previous fiscal. The consolidated expenses of the company during the reporting third quarter increased to Rs 28,132 crore compared to Rs 27,280 crore in the year-ago period, CIL said. The board of directors has declared a third interim dividend of Rs 5.50 per equity share for the financial year 2025-26. The first and second interim dividends of Rs 5.50 and Rs 10.25 per equity share were declared in July and October, respectively. In the first nine months of the current financial year, the company prod

Mahindra to invest ₹196 crore to expand Chennai-based R&D facility

Mahindra & Mahindra on Thursday said it will invest around Rs 196 crore to expand its Chennai-based research and development facility. The Mumbai-based auto major said it is committing the investment which is aimed at augmenting Mahindra Research Valley's (MRV) capabilities to support advanced vehicle design, product engineering and future technology developments. "This marks a significant step in its allegiance towards enhancing R&D and focusing on Make In India. The commitment of fresh investments at the facility will strengthen the company's engineering and testing capabilities in the region and it will reinforce Chennai's role as a strategic hub for research and innovation," the automaker said in a statement. The facility will be up and running within this calendar year, it added. The Advanced Research & Development Centre and new testing infrastructure are expected to provide enhanced capabilities for next-generation platforms across multiple vehicle segments, it ...

Rolls-Royce CEO calls on PM Modi, shares plans to be part of Viksit Bharat

Rolls-Royce CEO Tufan Erginbilgic on Wednesday met Prime Minister Narendra Modi and shared plans to scale up its activities in India to become a part of Viksit Bharat. "It was wonderful meeting Mr. Tufan Erginbilgic, CEO of Rolls-Royce, earlier today," Modi said in a post on X. "We welcome Rolls-Royce's enthusiasm towards scaling up its activities in India and partnering with our innovative and dynamic youth," the prime minister said. Modi was responding to a post by Rolls-Royce on Erginbilgic's meeting with Modi. "Our CEO Tufan Erginbilgic met Hon'ble PM Shri @narendramodi today to discuss how Rolls-Royce is scaling up to be a part of Viksit Bharat, including expanding its GCC to be the largest globally, co-creating complex manufacturing and building high-value engineering capabilities," the British manufacturing firm said in the post.

Bombay Dyeing Q3FY26 results show ₹9.85 crore loss, revenue down 22%

Bombay Dyeing & Manufacturing Co Ltd on Wednesday reported a consolidated loss of Rs 9.85 crore in the December quarter of FY26. The company posted a net profit of Rs 70.06 crore in the October-December quarter a year ago, according to a regulatory filing. Its revenue from operations declined 21.88 per cent to Rs 324.02 crore in the December quarter of FY26. It was at Rs 414.81 crore in the year-ago quarter. Total expenses of Bombay Dyeing were at Rs 362.43 in the December quarter, down 11.7 per cent year-on-year. Revenue from polyster was at Rs 305.93 crore as against Rs 395.99 crore, while the contribution from retail/textile business stood at Rs 14.83 crore. Total income, which includes other income, was down 22.7 per cent to Rs 350.62 crore. Shares of the Bombay Dyeing and Manufacturing Company Ltd on Wednesday settled at Rs 123.10 apiece on the BSE, down 1.24 per cent from the previous close.

LTIMindtree unveils new identity, to be renamed LTM Limited; board approves

Company unveils new brand identity as 'Business Creativity' partner; proposed name change to LTM Limited subject to shareholder and regulatory approvals

Growth focus likely to keep margins under pressure for Eicher Motors

Eicher Motors posts strong Q3FY26 growth led by Royal Enfield volumes, but sustaining margins may be challenging amid commodity inflation and capacity expansion

Jubilant FoodWorks' gains depend on growth uptick, margin expansion

Jubilant FoodWorks beats Q3FY26 expectations, but stock gains depend on sustained same-store sales growth and operating margin expansion

Brigade Group expands Kerala footprint with WTC, Brigade Square launch

Bengaluru-based Brigade Group unveils World Trade Center and Brigade Square in Thiruvananthapuram, boosting its commercial real estate footprint in Kerala

India a hyper-growth market, says Carrier executive Michael Gierges

Carrier calls India a hyper-growth market, plans manufacturing expansion and aims to position the country as a regional export hub for HVAC solutions

Aditya Birla Group hospitality arm to bring JOE & THE JUICE to India

Aditya Birla New Age Hospitality partners Danish cafe chain JOE & THE JUICE to launch and operate the brand in India, with the first store slated for 2026

Eyewear platform Lenskart Q3 profit surges 71 times to ₹131 crore

Eyewear retailer reports 37.4% YoY revenue growth to Rs 2,307.7 crore in Q3FY26, with margins expanding to 20% amid strong store additions and eye test growth

Bombay HC stays Rs 170 cr GST recovery against Gateway Terminals

The Bombay High Court has stayed recovery proceedings in a ₹170 crore GST dispute against Gateway Terminals over denial of input tax credit on licence fees paid to JNPT