Page 19 - Company News

Mankind Pharma Q2 PAT drops 21% on high finance costs; revenue up 20%

Mankind Pharma's Q2 FY26 profit fell to Rs 520 crore on higher finance and input costs, even as strong domestic and export growth lifted revenue by over 20%.

Adani's Kutch Copper inks deal with Australia's Caravel minerals project

Initial capital expenditure for the project is estimated at $1.10 billion, with KCL granted first rights to participate in direct equity or project-level investments during the term of the agreement

Apollo Hospitals Q2 results: Profit rises 26% to ₹477 cr, misses estimates

Medical admissions fell, compared to the same year-ago quarter that had a higher incidence of seasonal medical admissions, the company said in a statement of Thursday

Cupid to earn up to ₹115 crore annually from South Africa procurement deal

Health and wellness products maker Cupid Ltd expects its annual revenue to cross Rs 115 crore mark from the South African market, as the company has bagged the maximum allocation in the African country's procurement programme for contraceptive products, according to a statement. The procurement is expected to commence from December 2025 and Cupid is coordinating closely with South African approved distributors for phased roll out, the company said in a statement. Cupid has secured a leading position in South Africa's five-year (20252030) national procurement program for female and male condoms. The total financial visibility (annual and indicative) for Cupid is USD 12.98 million (Rs 115 crore), it said further. Aditya Kumar Halwasiya, Chairman and Managing Director, Cupid Limited, stated, "These allocations place Cupid at the forefront of South Africa's prevention program. We're working on the ground with our customers and the public-health system to ensure a smooth start in Decembe

NHPC Q2 results: Net profit rises nearly 15% to ₹1,219 cr on higher income

State-owned hydro power giant NHPC on Thursday posted a nearly 15 per cent rise in its consolidated net profit to Rs 1,219.28 crore in the September quarter compared to a year ago, mainly on the back of higher revenues. The company had a consolidated net profit of Rs 1,060.34 crore in the quarter ended on September 30, 2024, according to a regulatory filing. Total income rose to Rs 3,629.98 crore in the quarter against Rs 3,402.09 crore in the same period a year ago.

Mafatlal Industries Q2 results: Profit rises 7.8% to ₹21 cr, revenue up 3%

Mafatlal Industries Ltd, part of Arvind Mafatlal Group, on Wednesday reported a 7.76 per cent increase in its consolidated net profit to Rs 21.52 crore for the September 2025 quarter. The company had posted a net profit of Rs 19.97 crore in the July-September period a year ago, according to a regulatory filing by Mafatlal Industries, one of the country's oldest textile institutions. Its revenue from operations rose 3.43 per cent to Rs 1,029.69 crore in the September quarter of FY26. It was Rs 995.52 crore in the corresponding quarter a year ago. Total expenses of Mafatlal Industries increased 2.9 per cent to Rs 1,012.33 crore in the September quarter. Mafatlal Industries' total income, which includes other income, grew 3.09 per cent to Rs 1,040.63 crore in the second quarter. In the first half (H1) of FY26, Mafatlal Industries' total consolidated income surged 55.77 per cent to Rs 2,285.47 crore. Its CEO MB Raghunath said this is the "highest-ever half-yearly performance" in ...

Delhivery Q2 results: Net loss at ₹50.5 cr, revenue up 15% to ₹2,651 cr

Logistics services operator Delhivery on Wednesday reported a consolidated loss of Rs 50.49 crore for the September quarter against a profit of Rs 10.20 crore in the year-ago period. Its total income, however, rose 14.81 per cent to Rs 2651.53 crore in the quarter under review compared to Rs 2,309.33 crore a year ago, the company said in a regulatory filing. On a standalone basis, the profit after tax (excluding Ecom Express integration costs) during Q2 FY26 was recorded at Rs 59 crore against a PAT of Rs 10 crore in the same quarter of the last year, the company said in a statement. Its revenue from services (excluding Ecom Express) for the second quarter rose 16 per cent to Rs 2,546 crore from Rs 2,190 crore in Q2 FY25, it said. In the express parcel business, shipment volumes during the reporting quarter grew 32 per cent to 246 million from 185 million in the second quarter last year, as the Ecom acquisition led to consolidation of Delhivery's share of wallet with key clients, t

RBL Bank Q2 results: Profit up 16% to ₹160 cr, NII jumps 15% to Rs 424 cr

RBL Bank on Wednesday reported a 16 per cent rise in its net profit to Rs 160 crore for the second quarter ended September 2025. The private sector lender had recorded a net profit of Rs 138 crore in the same quarter a year ago. Its total income increased to Rs 1,458 crore during the quarter under review from Rs 1,064 crore in the same period of the last year, RBL Bank said in a regulatory filing. The bank earned an interest income of Rs 1,109 crore during the quarter compared to Rs 865 crore a year ago. The net interest income (NII) improved to Rs 424 crore from Rs 367 crore in the second quarter of the previous year, registering a 15 per cent growth. Its operating profit increased by 39 per cent to Rs 279 crore in Q2 FY26 from Rs 200 crore in Q2 FY25. With regard to asset quality, the gross non-performing assets (NPAs) rose to 1.81 per cent of the gross loans by the end of September 2025 from 1.68 per cent a year ago. However, net NPAs or bad loans declined 0.52 per cent from

Britannia appoints ex-Birla Opus chief Rakshit Hargave as new CEO

The management change comes as consumer goods makers in India are navigating period of tax rate cuts and shifting demand trends, adding pressure to protect margins and sustain growth

Blue Star Q2 results: Profit up 2.8% to ₹98.78 cr, revenue grows 9%

Air-conditioner and commercial refrigeration system maker Blue Star Ltd on Wednesday reported a 2.83 per cent rise in its consolidated net profit at Rs 98.78 crore for the September quarter. The company said that during the quarter, it faced headwinds like the extended monsoon period and disruption in sales channels due to the rationalisation in the GST slab for compressor-based cooling products. The company had posted a net profit of Rs 96.06 crore in the July-September quarter a year ago, according to a regulatory filing from Blue Star Ltd. Its revenue from operations increased by 9.3 per cent to Rs 2,422.37 crore in the September quarter of FY26. It was Rs 2,215.96 crore in the year-ago period. "During the quarter, the company reported modest revenue growth amidst a few headwinds. The Room ACs segment continued to experience a seasonal slowdown, influenced by an extended monsoon and lower temperatures impacting secondary sales and channel offtake," said Blue Star in its earnings

Saregama Q2 results: Profit dips 2% to ₹43.8 crore, revenue falls 5%

Saregama India Ltd, part of the RP-Sanjiv Goenka Group, on Wednesday reported a 2 per cent year-on-year decline in consolidated net profit at Rs 43.8 crore for the quarter ended September 30, 2025, compared to Rs 44.9 crore in the same period last year. Revenue from operations fell 5 per cent to Rs 230 crore from Rs 241.8 crore in the corresponding quarter of FY25, mainly due to a sharp drop in the video content segment, the company informed bourses. The company's profit before tax (PBT) stood at Rs 60.1 crore, marginally higher than Rs 59.3 crore a year earlier, while adjusted EBITDA rose slightly by 1 per cent to Rs 84.7 crore, maintaining a healthy margin of 37 per cent. Segment-wise, music (licensing and artiste management) revenue grew 12 per cent year-on-year to Rs 165.3 crore, supported by successful releases and strong brand tie-ups. The retail business, led by its Carvaan music players, saw a modest 2 per cent decline to Rs 20.7 crore, while the video segment revenue droppe

Air India to restart Delhi-Tel Aviv direct flights from January 2026

The Israel Ministry of Tourism on Wednesday said there will be an enhancement in connectivity with the resumption of Air India's direct flight service between New Delhi and Tel Aviv, which is set to relaunch on January 1, 2026. This is expected to provide a stimulus for tourism and economic exchange between the two nations, the Israel Ministry of Tourism said in a statement. The restored route will see five weekly flights operating from Sunday to Thursday, utilising the advanced Boeing 787 Dreamliner aircraft. The flight from Tel Aviv will depart at 11:40 am and arrive in Delhi at 8:50 pm, while the flight from Delhi will depart at 7:00 am and arrive in Tel Aviv at 9:55 am, facilitating easy onward connections. Adding to this positive momentum, Arkia Airlines, an Israeli carrier, has also expressed a strong interest in reopening its direct route to India. Arkia's recent high-level meeting with the Indian Ambassador further underscores the enormous potential and desire to strengthe

Honeywell Automation India Q2 Profit up 3.8% on stronger industrial demand

India's industrial output hit a four-month high in July, rising 4.3% year-on-year, and it rose 4.1% and 4% in August and September, respectively

Ultrahuman to relaunch in India with more products soon: CEO Mohit Kumar

The company recently launched a home health device that monitors environmental markers, as well as a blood testing service that helps users interpret results in the context of lifestyle and longevity

Microsoft to enable local data processing for Copilot in India by 2025

Technology giant Microsoft has announced plans to introduce in-country data processing for its artificial intelligence (AI) tool, Microsoft 365 Copilot, in 15 countries by 2026, including India, in a move aimed at strengthening data sovereignty and regulatory compliance. According to a company blog post, customers in India, Australia, Japan and the United Kingdom will have the option to process Microsoft 365 Copilot interactions within their national borders by the end of 2025. Microsoft is pleased to announce that we are making in-country data processing for customers' Microsoft 365 Copilot interactions available in 15 countries around the world. By the end of 2025, Microsoft will offer customers in four countriesAustralia, the United Kingdom, India, and Japanthe option to have Microsoft 365 Copilot interactions processed in-country. In 2026, we'll expand this option to customers in eleven more countries, including Canada, Germany, Italy, Malaysia, Poland, South Africa, Spain, ...

BEML Q2 results: Net profit declines 6% to ₹48 cr on lower income

State-owned BEML on Wednesday reported a 5.8 per cent decline in consolidated profit to Rs 48.03 crore in the quarter ended September 30, 2025, on account of lower income. The company had posted a consolidated profit of Rs 51.03 crore in the year-ago period. Its consolidated income during the July-September period fell to Rs 846.13 crore against Rs 874.70 crore in the year-ago period. BEML serves core sectors like defence, rail and mining. It operates under three major verticals defence and aerospace, mining and construction and rail and metro.

Hero MotoCorp unveils micro electric four-wheeler under VIDA Novus range

Indian two-wheeler maker Hero MotoCorp on Tuesday unveiled a micro electric four-wheeler under a new 'Novus' range from its emerging mobility business unit VIDA. The company also launched various sustainable and intelligent mobility solutions, including a portable, wearable micro mobility device, NEX 1, and an electric trike, NEX 2. The company also showcased a micro electric vehicle with four wheels, NEX 3, along with two concept electric motorcycles, VIDA Concept Ubex and VIDA Project VxZ, among others, here at the global two-wheeler exhibition EICMA 2025. "Novus symbolises renewal and reinvention...(it) reimagines how the world will move, shaping a future that's inspiring, intelligent and inclusive," Hero MotoCorp Executive Chairman Pawan Munjal told reporters here. The NEX 3 is an "all-weather personal EV that offers the safety and comfort of four wheels in an elegant and versatile form, for both urban and rural journeys, Munjal said. It is a tandem seating (front and back) ..

Reliance Group says no impact on business operations due to attachment

Anil Ambani's Reliance Group on Tuesday said there is no impact on business operations of the group's listed companies because of the ED's attachment of Rs 7,500 crore worth of properties, which is linked to a money-laundering probe. The majority of the assets attached by the Enforcement Directorate belong to Reliance Communications, which is under the control of the Resolution Professional (RP) and the committee of creditors (CoC), led by State Bank of India, the group's listed firms said in stock exchange filings. The federal probe agency issued four separate provisional orders under the Prevention of Money Laundering Act (PMLA) on October 31 for attaching 42 properties, including the 66-year-old Ambani's family home in Pali Hill, Mumbai, apart from other residential and commercial properties of his group companies. The attachment relates to cases involving Reliance Communications and its affiliates over the alleged diversion of loans taken from YES Bank between 2017 and ...

Yum Brands says it's reviewing options, may sell Pizza Hut chain

Pizza Hut could soon be up for sale. Yum Brands, Pizza Hut's parent company, said Tuesday it's conducting a formal review of options for the brand, which has struggled to compete in a crowded pizza market. Yum CEO Chris Turner said Pizza Hut has many strengths, including a global footprint and strong growth in many countries. Pizza Hut has nearly 20,000 stores in more than 100 countries, and its international sales were up 2 per cent in the first nine months of this year. China is its second-largest market outside the US. But Pizza Hut gets nearly half its sales from the US, where it has around 6,500 stores, and US sales fell 7 per cent in the same period. Pizza Hut was long saddled with large, outdated dine-in restaurants at a time when consumers wanted fast pickup and delivery. In 2020, one of Pizza Hut's largest franchisees filed for bankruptcy protection and closed 300 stores. The Pizza Hut team has been working hard to address business and category challenges; however, Pizza

Castrol India Q3 results: Profit rises 10% to ₹228 crore, revenue up 6%

Lubes maker Castrol India on Tuesday reported 10 per cent growth in the Profit After Tax (PAT) at Rs 228 crore in the third quarter over the same period a year ago. The company had posted a profit after tax of Rs 207 crore in Q3 of CY 2024, Castrol India said. Revenue from operations grew 6 per cent for the September quarter to Rs 1,363 crore as compared to Rs 1,288 crore in the third quarter of 2024. "We delivered yet another quarter of consistent growth, while maintaining profitability through our diverse portfolio and agile channel mix. Both rural and industrial segments continue to build strong momentum, contributing significantly to our growth story," said Kedar Lele, Managing Director, Castrol India Limited. Looking ahead, the company's focus will stay firmly on driving volume growth, delivering market share gains, and expanding the portfolio in consumer-relevant adjacent categories," he added. "While the external environment continues to shift, we have remained nimble, adap