Page 13 - Company News

Marico to acquire 75% equity stake in Vietnamese DTC firm Skinetiq

The FMCG major will acquire a 75% stake in Vietnam-based Skinetiq in an all-cash deal valued at Rs 350 crore, strengthening its premium beauty and D2C play in the market

Bata India Q3 net profit up 12.6% at ₹66.1 cr, revenue rises 2.8%

Leading shoemaker Bata India Ltd on Monday reported a 12.61 per cent rise in consolidated net profit to Rs 66.1 crore in the December quarter of FY'26 compared to the year-ago period. It had posted a net profit of Rs 58.7 crore in the previous October-December a year ago, according to a regulatory filing from Bata India. Bata's revenue from operations was up 2.81 per cent to Rs 944.68 crore during the quarter under review compared to Rs 918.79 crore in the corresponding quarter a year ago. Its total expenses in the December quarter were at Rs 868.92 crore, up 3.3 per cent on a year-on-year basis. Bata India's total income, which includes other income, was up 3.93 per cent to Rs 965.72 crore. Shares of Bata India Ltd on Monday settled at Rs 884.35 apiece on BSE, up 4.27 per cent.

Aurobindo Pharma Q3FY26 results: Net profit rises 8% to ₹910 crore

Aurobindo Pharma on Monday said its consolidated net profit increased 8 per cent year-on-year to Rs 910 crore for the December quarter, led by robust sales in Europe and the US. The Hyderabad-based drug major reported a net profit of Rs 846 crore for the October-December period of the last fiscal year. Total revenue from operations increased to Rs 8,646 crore during the quarter as compared with Rs 7,979 crore in the year-ago period, the drug firm said in a statement. "Q3 reflected steady execution across Aurobindo's core businesses, supported by stable demand and the strength of our diversified product portfolio in key markets, including the US and Europe," Aurobindo Pharma Vice-Chairman and MD K Nithyananda Reddy said. Growth remained measured, with continued focus on operational discipline and a balanced approach to growth and profitability, he added. "As we progress our strategic initiatives, we remain cautious yet confident in our ability to support sustainable value creation

Embassy REIT expects GCCs to contribute 75% to portfolio in next 2 years

Embassy Office Parks REIT is sharpening its focus on global capability centres, which it expects to account for up to three-fourths of its portfolio as multinationals expand operations in India

Flipkart appoints Vipin Kapooria, Yogita Shanbhag as VPs ahead of IPO

E-commerce major Flipkart on Monday announced the appointment of Vipin Kapooria as Vice President, Business Finance, and Yogita Shanbhag as Vice President, Human Resources, effective immediately. These appointments come shortly after a series of high-profile hires at the IPO-bound company in the past month. Kapooria, who is rejoining Flipkart, will lead business finance across all categories. He comes with over 19 years of experience and was most recently the Chief Financial Officer at Blinkit. He has also held senior positions at OYO and Yum! Brands. In his new role, Kapooria will partner with business teams to drive financial discipline, operational excellence, and sustainable growth, the company said in a statement. Shanbhag will lead the HR function for Flipkart's technology vertical, OneTech Business Unit. She joins with over 20 years of experience at Juniper Networks and Wipro. "Building a strong organisation requires sustained focus on leadership, robust systems, and cultur

Sky Gold and Diamonds posts over twofold jump in Q3 profit at ₹81 cr

Sky Gold and Diamonds Ltd on Monday reported more than twofold jump in consolidated profit to Rs 80.53 crore for the December quarter. Its net profit stood at Rs 36.53 crore in the year-ago period. Total income rose to Rs 1,775.12 crore during the October-December period of the fiscal year from Rs 1,005.09 crore in the corresponding period of the preceding year, according to a regulatory filing. Established in 2008, Mumbai-based Sky Gold and Diamonds Ltd is a B2B jewellery manufacturers, specialising in lightweight, design-led and studded jewellery. The company serves India's leading jewellery retailers and is expanding into global markets.

Public sector banks post 18% growth to record ₹52,603 cr profit in Q3 FY26

Led by the country's biggest lender State Bank of India (SBI), public sector banks logged a record cumulative profit of Rs 52,603 crore in the third quarter of the current fiscal, reflecting an 18 per cent year-on-year growth. All 12 public sector banks (PSBs) together made a profit of Rs 44,473 crore in the December quarter of FY25. Thus, the increase in profit in absolute terms was Rs 8,130 crore as compared to the same quarter of the previous financial year. Market leader SBI alone contributed 40 per cent to the total earnings of Rs 52,603 crore, as per the published numbers on stock exchanges. SBI posted the highest quarterly net profit of Rs 21,028 crore in Q3 FY26, 24 per cent higher than the same period of the previous fiscal. In percentage terms, Chennai-based Indian Overseas Bank reported the highest net profit growth of 56 per cent to Rs 1,365 crore, followed by Central Bank of India with a 32 per cent rise to Rs 1,263 crore. During the quarter, all 12 public sector bank

LIC Mutual Fund launches India's first women-centric AMC branch in Delhi

LIC Mutual Fund Asset Management on Monday inaugurated its women-centric branch in South Delhi, becoming the first asset management company in the country to set up a branch aimed at increasing women's participation in mutual fund investing. The initiative aims to bridge the gender gap in investment participation by encouraging women to take greater ownership of their financial futures, said Ravi Kumar Jha, Managing Director & CEO of LIC Mutual Fund. The South Delhi branch is staffed and managed entirely by women. The region is considered a key growth market for the mutual fund industry, with an estimated assets under management (AUM) of about Rs 1.30 lakh crore and more than 2,000 active mutual fund distributors. As of December 31, 2025, LIC Mutual Fund's AUM in South Delhi stood at around Rs 200 crore, including nearly Rs 175 crore in equity assets. Jha said the branch is intended to provide a dedicated space where women can learn about investments and make informed decisions ..

GlaxoSmithKline Pharma Q3 profit up 29 pc at Rs 296 cr

GlaxoSmithKline Pharmaceuticals on Monday posted 29 per cent increase in consolidated profit after tax at Rs 296 crore for the third quarter ended December 31, 2025. The drugmaker reported a profit after tax of Rs 230 crore for the October-December period of last fiscal. Revenue from operations rose to Rs 1,041 crore from Rs 949 crore in the year-ago period, GlaxoSmithKline Pharmaceuticals Ltd said in a regulatory filing. The company said its competitive performance comes against the backdrop of the broader macro environment and efforts to mitigate internal supply challenges. The implementation of the new Labour Codes did not have a material impact on the company, it added. Shares of the company on Monday settled 1.01 per cent up at Rs 2,511 apiece on BSE.

Euler Motors partners Jio-bp to expand EV charging network across India

Electric commercial vehicle manufacturer Euler Motors on Monday said it has tied up with Jio-bp to collaborate on expanding EV charging infrastructure across high-demand logistics hubs in India. The strategic partnership aims to support the growth of electric commercial vehicles by improving charging accessibility for fleet operators and users nationwide. As part of the collaboration, the partners will identify business hubs for commercial EV deployment. "India's transition towards sustainable mobility requires strong collaboration between vehicle innovation and energy infrastructure. Our partnership with Euler Motors represents a shared commitment to accelerating the electrification of commercial logistics, a segment that will play a decisive role in reducing urban emissions and improving freight efficiency," Jio-bp Chairman Sarthak Behuria said in a statement. Ashish Tandon, Global Head of Customer Excellence, Euler Motors, added that the MoU brings together two committed partner

Velocity earmarks ₹100 crore to scale its AI-led shipping platform

Velocity has announced a ₹100 crore investment to scale Velocity Shipping, its AI-led logistics platform, with plans to double its team and raise volumes five-fold by CY26

GIC Re Q3 result: Profit falls 6% to ₹1,519 cr; income rises to ₹11,557 cr

GIC Re on Saturday reported a 6 per cent drop in net profit to Rs 1,519 crore for the third quarter ended December 2025. The state-owned reinsurance company earned a net profit of Rs 1,621 crore in the October-December period of the last fiscal. Total income of the re-insurer rose to Rs 11,557 crore in the quarter, compared to Rs 10,479 crore in the same quarter a year ago, GIC Re said in a regulatory filing. Gross premium improved to Rs 10,987 crore during the third quarter of the current fiscal against Rs 9,968 crore a year ago period. During the quarter, the premium earned rose to Rs 9,580 crore, as against Rs 8,540 crore in the same period a year ago. The solvency ratio increased to 3.87 from 3.52 at the end of December 2024. Total assets of the company rose to Rs 2,03,414 crore, as against Rs 1,88,953 crore in the same period of previous year. GIC Re is the largest reinsurer in the domestic reinsurance market and leads most of the domestic companies' treaty programmes and .

SBI Q3FY26 results: Net profit up 24.5% to ₹21,028 crore on strong NII

SBI's Q3FY26 net profit rose 24.5 per cent to ₹21,028 crore on higher NII and non-interest income. The bank raised FY26 credit growth guidance to 13-15 per cent

JK Paper Q3 net profit falls to ₹27.53 crore amid plant shutdowns

JK Paper Ltd on Thursday reported a consolidated net profit of Rs 27.53 crore for the third quarter ended December 31, 2025 impacted by annual shut of its two major plants and higher expenses. The company had posted a profit of Rs 65.29 crore in the corresponding quarter last fiscal, JK Paper Ltd said in a regulatory filing. Total income in the third quarter stood at Rs 1,781.65 crore. It was at Rs 1,654.25 crore a year ago. Total expenses in the quarter were at Rs 1,730.28 crore. It was at Rs 1,571.12 crore in the year-ago period. The results are not comparable with previous periods due to acquisitions, including that of Borkar Packaging Pvt Ltd in October 2025, JK Paper said. The company said performance in the quarter has been adversely impacted mainly due to planned annual shut at two major plants in Odisha and Gujarat leading to lower production. Besides, continued imports at a cheaper rate resulting in lower sales realisation and sharp rupee depreciation against Euro impa

Hero MotoCorp Q3FY26 result: Net profit jumps 15% to ₹1,275 crore

Hero MotoCorp on Thursday posted a 15 per cent increase in consolidated profit after tax at Rs 1,275 crore in the third quarter ended December 2025, aided by robust sales across domestic and export markets. The country's largest two-wheeler maker reported a profit after tax (PAT) of Rs 1,108 crore in the October-December quarter of last fiscal. Revenue from operations rose to Rs 12,487 crore in the third quarter as compared to Rs 10,260 crore in the year-ago period, Hero MotoCorp said in a regulatory filing. The company said it sold 16.97 lakh units of motorcycles and scooters in the latest third quarter as against 14.64 lakh units in the same period of last fiscal, a growth of 16 per cent. The company's board approved an additional investment of Rs 275 crore, in one or more tranches, in Euler Motors Pvt Ltd. The two-wheeler major said its board also approved an interim dividend of Rs 110 per share for the financial year 2025-26. The payment of the interim dividend will be comple

Aditya Birla Fashion Q3FY26 loss widens to ₹137 cr on Labour Codes' costs

Aditya Birla Fashion and Retail Ltd on Thursday reported widening of consolidated net loss to Rs 137.3 crore for December quarter FY26, on account of impact of new Labour Codes. The company had posted a consolidated net loss after tax from continuing operations at Rs 102.68 crore in the corresponding period last fiscal, Aditya Birla Fashion and Retail Ltd (ABFRL) said in a regulatory filing. Revenue from operations in the third quarter stood at Rs 2,373.66 crore as against Rs 2,200.52 crore in the year-ago period, it added. Total expenses in the quarter under review were higher at Rs 2,546.91 crore as compared to Rs 2,345.93 crore, the company said, adding an exceptional outgo of Rs 28.48 crore has been provided due to the impact of new Labour Codes. In an investor presentation, the company said demand environment remains soft and consumer footfalls were weaker than expected. Overall growth moderated on account of impact in masstige and value segment, it added. "In a quarter mark

PVR INOX Q3 result: Profit jumps two-fold to ₹95.4 cr; revenue rises 9.5%

Cinema exhibitor PVR INOX on Wednesday said its consolidated net profit jumped over two-fold year-on-year to Rs 95.4 crore in the December quarter of FY25. The company reported a net profit of Rs 35.5 crore in the October-December quarter of the previous fiscal year, according to a regulatory filing. PVR INOX revenue from operations was up 9.46 per cent to Rs 1,879.8 crore in the December quarter. It was at Rs 1,717.3 crore in the corresponding period. Total expenses were at Rs 1,755.6 crore in the December quarter, up 2.5 per cent year-on-year. During the reporting quarter, PVR INOX revenue from its movie exhibition segment was up 10.8 per cent to Rs 1,815.3 crore. Revenue from 'movie production and distribution' stood at Rs 117.8 crore, down 19.53 per cent annually. Total income, which includes other income, was at Rs 1,919.6 crore, up 9.12 per cent. During the quarter, PVR INOX added 20 screens and exited 3 underperforming screens. During nine months of this fiscal, PVR Inox

Edtech company PhysicsWallah Q3 net profit rises 33% to ₹102 crore

The company's revenue from operations stood at Rs 1,082.4 crore, up 34 per cent year on year from Rs 809.7 crore in the year-ago period

IOC Q3 net profit soars six times on higher GRMs, LPG compensation

IOC's revenue from operations rose 7.7 per cent to Rs 2.36 lakh crore in the quarter ended December 2025

Max Healthcare Q3FY26 results: Overseas, OPD demand lift profit 26%

The hospital operator's consolidated net profit rose 26 per cent to 3.01 billion rupees ($33.36 million), compared with 2.39 billion rupees in the year-ago period