Page 16 - Company News

PGHH Q3 profit rises 12% on operational efficiencies, product mix

Procter & Gamble Hygiene and Health Care reports steady Q3 performance as cost efficiencies and a favourable product price-mix help lift profit

Bank of Baroda Q3 net profit up 4.5% on lower provisioning, margin pressure

Bank of Baroda reports modest profit growth in Q3 FY26 as lower provisions offset pressure on margins from repo rate cut and higher deposit costs

Niva Bupa aims to turn profitable in Q4 FY26: CFO Mahendra Vishwanath

Health insurer expects profitability in the March quarter as impact of accounting norm changes eases, with Indian-GAAP numbers set to converge with IFRS

Dr Lal PathLabs Q3 net profit falls 6.4% on new labour code impact

Diagnostics major reports a one-time charge linked to new labour codes even as revenue rose over 10% on higher sample volumes and network expansion

BPCL seeks $10-12 per barrel discount on Venezuelan crude for viability

The refiner is now able to process heavy Venezuelan crude at its Kochi and Bina refineries, following upgrades that have enhanced the complexity of its refining system

IBM signs 10-year lease for 230,000 sq ft office space in Gurugram

US technology major leases space at Tata Realty's Intellion Park as demand for offices in tier-I cities stays strong and absorption continues to outpace new supply

ITC's Q3FY26 results: Net profit flat at ₹4,931.19 cr on labour Code impact

Firm says GST rate rejig, duty changes have led to an unprecedented increase in tax incidence on cigarettes

Brokerages expect Vodafone Idea's revival plan to hinge on bank loans

Indus Towers to be key beneficiary as telco is planning to increase tower footprint

Wipro banks on consulting business for deeper client engagement

Wipro rolls out a consulting-led, AI-powered operating model to deliver end-to-end enterprise transformation and faster ROI from digital and AI initiatives

Piramal Pharma flags early recovery signs in CDMO demand as Q3 loss widens

The company attributed the weaker performance largely to continued inventory destocking in one of its large on-patent commercial products, affecting its CDMO business

REC income grew in Q3, but net fell 0.6% to ₹4,052.44 cr; dividend declared

State-owned REC Ltd on Thursday said its consolidated net profit dipped slightly by 0.58 per cent to Rs 4,052.44 crore in the December quarter of FY26, mainly due to higher expenses. The company recorded a consolidated net profit of Rs 4,076.35 crore in the year-ago quarter ended December 2024, a regulatory filing showed. Total expenses rose to Rs 9,903.89 crore in the reporting quarter from Rs 9,105.94 crore in the same period a year ago. Total income also rose to Rs 15,058.60 crore in the quarter from Rs 14,286.91 crore a year ago. The board also approved the third interim dividend at 46 per cent (Rs 4.601 per equity share of face value of 10 each) for 2025-26. The record date for the dividend payment is February 6, and the payment shall be paid on or before February 27.

Nalwa Aero inks pact with 3 helicopter players to launch low-cost air taxis

Aviation tech firm Nalwa Aero on Thursday said it has signed an initial pact with helicopter operators Global Vectra Helicorp, Pawan Hans Ltd and Himalayan Heli Services to launch electric air taxi (eVTOL) services, offering fares as low as Rs 200 per passenger on select routes. As part of this strategic collaboration, signed at the ongoing Wings India aviation show in Hyderabad, Himalaya Heli Services has placed pre-orders for Nalwa's upcoming eVTOL aircraft, a statement said. The partners plan to deploy eVTOL aircraft for pilgrimage travel, including Char Dham Yatra routes, air ambulance services, urban and intercity air taxi operations, and offshore crew and logistics transport, Nalwa Aero said. According to the company, electric propulsion promises lower operating costs, reduced noise levels, and zero in-flight emissions, enabling operators to expand services into routes previously constrained by conventional helicopter economics. The quieter footprint is especially valuable for

Gillette India Q3FY26 profit surges 37% to ₹172.46 crore, declares dividend

Shaving products maker Gillette India Ltd on Thursday reported a 36.9 per cent increase in profit to Rs 172.46 crore for the December quarter of FY26 on a year-to-year basis. The company had reported a profit of Rs 125.97 crore in the October-December quarter of the preceding year, according to a BSE filing from Gillette India. Its revenue from operations increased 15.23 per cent to Rs 790 crore in the December quarter. It was at Rs 685.55 crore in the corresponding period a year ago. Gillette India's total expenses were up 7.16 per cent in the December quarter to Rs 565.38 crore. Its revenue from the grooming segment was up 13.39 per cent to Rs 647.06 crore in the December quarter. Revenue from oral care was up 24.4 per cent to Rs 142.94 crore. The total income of Gillette India, which includes other income, was at Rs 797.52 crore, up 14.79 per cent in the December quarter of FY26. Moreover, Gillette India has declared an interim dividend of Rs 180 per equity Share, which also

Voltas Q3 net profit falls 35.4% to ₹84.46 crore, revenue dips 1.1%

Leading air-conditioning maker and engineering services provider Voltas Ltd on Thursday reported a 35.4 per cent decline in its consolidated net profit to Rs 84.46 crore for the December quarter of FY26. It had posted a consolidated net profit of Rs 130.76 crore in the October-December period a year ago, according to a regulatory filing from the Tata Group firm. Voltas' revenue from operations declined 1.1 per cent to Rs 3,070.77 crore in the December quarter of FY26, compared with Rs 3,105.11 crore in the corresponding quarter of the previous fiscal. Total expenses of Voltas stood at Rs 2,945.19 crore, almost flat in the December quarter. Commenting on the results, its Managing Director Mukundan Menon C P said: "In Q3, the Room Air Conditioner business remained the anchor of our overall performance, navigating inherent seasonality and the impact of a shorter second summer through stronger channel momentum, improved product mix, and the benefit of the GST rate reduction." In the .

Dow to cut 4,500 jobs, flags weak Q1 revenue amid sluggish demand

Gulf Coast infrastructure assets to a fund managed by Macquarie Asset Management for $2.4 billion to focus more on its chemicals business

Tata Motors Q3FY26 results: Net profit falls 48% to ₹705 cr, revenue up 16%

Tata Motors posted a 48 per cent Y-o-Y fall in profit for Q3FY26 due to exceptional items related to demerger and Labour Code expenses, even as revenue rose more than 16 per cent

Blue Star Q3FY26: Net profit drops 39% to ₹80.55 cr, revenue rises 4%

Air-conditioner and refrigerator maker Blue Star Ltd on Thursday said its consolidated profit declined 39.2 per cent year-on-year to Rs 80.55 crore in the December quarter of FY26, citing a flat growth in the room AC business. The company posted a net profit of Rs 132.46 crore in the October-December quarter a year ago, according to a regulatory filing. The board of the home-grown cooling product maker has approved the re-appointment of B Thiagarajan as Managing Director from April 1, 2026 to May 24, 2027. Revenue from operations increased by 4.2 per cent to Rs 2,925.31 crore in the December quarter of FY26. It was at Rs 2,807.36 crore in the year-ago period. "In Q3FY26, the company delivered moderate revenue growth despite market challenges. The room AC business recorded modest growth, primarily driven by channel partners building inventory ahead of the mandatory energy-label transition effective January 1, 2026," Blue Star said in its earnings statement. Total expenses were at R

Persistent Systems eyes expansion in Europe, to cut reliance on US market

Persistent Systems plans to scale up its Europe business to diversify revenues away from the US, as macroeconomic uncertainty, muted IT spending and sector-wide volatility continue to challenge growth

Star Health Q3 results: Net profit falls 40% to ₹128 crore

Star Health and Allied Insurance Company on Wednesday reported a 40 per cent decline in net profit at Rs 128 crore for the third quarter ended December 2025. The standalone health insurer had earned a profit of Rs 215 crore in the same quarter of the previous fiscal. During the quarter, gross written premium improved to Rs 4,624 crore as against Rs 3,796 crore in the same quarter a year ago, Star Health said in a regulatory filing. Total income also rose to Rs 4,445 crore in the quarter under review from Rs 4,001 crore in October-December FY25. However, net income from investment declined to Rs 192 crore as against Rs 200 crore in the same quarter a year ago. Total expenses increased to Rs 4,375 crore as compared to Rs 3,849 crore in the third quarter of the previous fiscal. The company's solvency ratio declined to 214 per cent as on December 31, 2025, from 222 per cent at the end of the third quarter of the previous year. As per the regulatory requirement, life insurer should .

Volume growth improving with most firms' sequential improvement: Marico CEO

Marico sees stable consumption, margin recovery and strong foods growth, with CEO Saugata Gupta bullish on premiumisation and the 4700 BC acquisition