Page 17 - Company News

Mahindra Finance Q3FY26 results: Net profit falls 10% to ₹826 crore

Non-bank lender Mahindra and Mahindra Financial Services on Wednesday reported a 10 per cent drop in consolidated net profit for the December quarter to Rs 826 crore. The company had posted a consolidated net profit of Rs 918 crore in the year-ago period. On a standalone basis, its net profit dropped 10 per cent to Rs 810 crore as against Rs 899 crore in the year-ago period. The company clarified that the implementation of the new labour code led to an impact of Rs 97 crore during the quarter, and added that the profit in the year-ago period included a provision of Rs 436 crore. Adjusted for the one-time provision on labour code and the release of the provisions in the year-ago period, the profit after tax nearly doubled to Rs 907 crore during the quarter. Its core net interest income grew 27 per cent to Rs 2,661 crore during the reporting quarter, on the back of a 0.9 per cent expansion in the NII margin to 7.5 per cent and a 12 per cent jump in the loan book. On the asset quali

Amazon plans to cut 16,000 jobs globally amid AI-driven restructuring

Amazon said US-based employees affected by the job cuts would be given 90 days to seek alternative internal roles, along with severance pay and transition support

Pine Labs reports ₹423.9 million Q3FY26 profit as digital payments surge

Indian fintech firms have continued to benefit from strong growth in cashless transactions, rising merchant adoption and a renewed investor appetite

ACC Q3FY26 results: Net profit slumps 63% to ₹404.25 cr; revenue jumps 22%

Cement maker ACC Ltd on Wednesday said its consolidated net profit declined 63 per cent year-on-year to Rs 404.25 crore in the December quarter of FY26. The company recorded a profit of Rs 1,091.79 crore in the October-December quarter a year ago, according to a regulatory filing from ACC, now a part of Adani Cement. However, revenue from operations rose 21.7 per cent to Rs 6,391.17 crore in the December quarter, which is the highest-ever quarterly revenue. It was at Rs 5,251.70 crore in the corresponding period a year ago. This was "highest ever quarterly revenue" which was "driven by higher premium product", which was up 33 per cent on a YoY basis. Total expenses of ACC were at Rs 6,114.34 crore in the December quarter, up 16.84 per cent year-on-year. ACC's revenue from the cement business was at Rs 6,028.98 crore, up 6.54 per cent, compared to Rs 5,658.58 crore recorded in the December quarter a year ago. During the reporting quarter, ACC sales volume was 11.3 million tonnes (

SBI Life Q3 profit rises 5% to ₹5.77 billion as tax cuts lift demand

The insurer's net profit rose to 5.77 ​billion rupees ($62.87 million) for the three months ended December 31, from 5.51 billion rupees a year earlier

PC Jeweller Q3FY26: Profit rises 28% to ₹190 cr on strong festive demand

PC Jeweller Ltd on Tuesday reported a 28 per cent increase in its consolidated net profit at Rs 190.10 crore in the quarter ended December, mainly on festive demand. Its net profit stood at Rs 147.96 crore in the year-ago period. Total income grew to Rs 900.51 crore in the October-December period of this fiscal from Rs 683.44 crore in the corresponding period of the preceding year, according to a regulatory filing. PC Jeweller MD Balram Garg said the company has posted a resilient operational performance in the third quarter of this fiscal, "driven by continued consumer demand during the festive and wedding season." On the balance sheet front, he said the company continues to make steady progress towards its stated objective of becoming debt-free. "Since the execution of the settlement agreement with banks on 30 September 2024, the company has reduced its outstanding debt by approximately 68 per cent, reflecting a significant improvement in its financial position and reaffirming .

ONGC seeks oil majors for Western offshore blocks; multiple deals signed

ONGC has invited global oil majors for technical support partnerships in its western offshore blocks to lift output

Adani, Embraer sign MoU to establish aircraft making facility

This would be the first commercial aircraft final assembly line (FAL) to be established in India

TCS to invest ₹330 cr in new Brazil unit to deepen Latin America presence

The new campus will create over 1,600 new jobs and will serve as a strategic hub supporting clients across industries in Brazil and Latin America

Hindalco Industries unveils ₹21,000 crore smelter expansion plan

Move part of firm's ₹37K cr investment pipeline in Odisha

Tata Consumer Q3 results: Net profit jumps 36% to ₹384.52 crore

Tata Consumer Products Ltd (TCPL) on Tuesday reported a 36.4 per cent increase in consolidated net profit to Rs 384.52 crore in the quarter ended December 31, 2025, led by volume growth from its India business. The company had posted a consolidated net profit of Rs 281.92 crore in the October-December quarter a year ago, according to a regulatory filing from TCPL, the Tata group FMCG arm. Its revenue from operations rose by 15.04 per cent to Rs 5,112 crore in the December quarter of FY'26. It was at Rs 4,443.56 crore in the year-ago period. Total expenses of TCPL in the December quarter were at Rs 4,582.24 crore, up 12.11 per cent. Tata Consumer's total income, including other income, stood at Rs 5,145.01 crore, up 14.45 per cent. In the December quarter, TCPL's overall branded business was up 14.32 per cent to Rs 4,602.79 crore. It was at Rs 4,026.15 crore in the corresponding quarter of the previous fiscal. TCPL's branded businesses include tea, coffee, water, and other value-a

Qcom platform Blinkit introduces Bharat Yatra national common mobility card

Blinkit now delivers the Rs 50, zero-KYC Bharat Yatra NCMC card across major cities, making metro and bus travel easier with a single RuPay-powered mobility card

HC protects Delhivery against misuse of trademarks, fake franchise scam

Delhivery moved the court after it was alleged that several individuals were acting in concert to falsely project themselves as its representatives

Cropin unveils AI agriculture platform to rewire global food supply chains

New ecosystem with Google, BCG, Wipro and others aims to reduce climate, data and procurement risks in agriculture

SaaS major Zoho launches ERP platform to tap SME market in India

SaaS firm Zoho has unveiled new ERP platform for small and mid-sized enterprises, aiming to tackle high costs, long rollouts and consultant dependence that have slowed adoption among Indian businesses

Higher volumes, lower costs positive for UltraTech Cement stock

Market leader UltraTech Cement's Q3FY26 results beat consensus. Consolidated operating profit grew 35 per cent Y-o-Y to Rs 3,920 crore

With GenAI, billing models more outcome-based: TP India head Maneesh Daga

Teleperformance India says AI is driving a shift from low-end bpo work to outcome-based, higher-value services, reshaping billing models, productivity and hiring strategies

Waaree Renewable to buy 55% in Associated Power Structures for ₹1,225 crore

In September last year, Waaree Energies, the holding company of WRTL, acquired a 64 per cent stake in transformer company Kotsons through a primary capital infusion of Rs 192 crore

HPCL bets big on renewables and biofuels to meet 2040 net-zero target

HPCL's capex spending includes 15% for gas projects, 8% for renewables, 4 per cent for biofuels, 3% for electric vehicle (EV) or alternate fuels and 6% for net zero projects

Pine Labs partners with UAE-based Wio Bank for tech infrastructure

Apart from the UAE, Pine Labs currently offers Credit+ in India, Sri Lanka, the Middle East, Africa and Southeast Asia