Page 2 - Company News

Ireda Q4FY6 profit slips 1.8% to ₹493 crore; declares ₹1.35 dividend

State-owned IREDA has posted a marginal 1.77 per cent decline in net profit to Rs 492.63 crore during the March quarter on account of higher expenses. The company had reported a net profit of Rs 501.55 crore in the same quarter a year ago, the company said in an exchange filing on Friday. During January-March, the company's total income rose to Rs 2,181.28 crore from Rs 1,915 crore in the fourth quarter of the preceding 2024-25 financial year. Expenses increased to Rs 1,562.14 crore from Rs 1,285.91 crore in the last quarter of FY25. For the entire FY26, IREDA posted a net profit of Rs 1,874 crore, up from Rs 1,698 crore in 2024-25. Annual income also rose to Rs 8,338.89 crore from Rs 6,755.69 crore in FY25. In a separate statement, the company said it has "posted the highest ever annual profit." The Board of Directors recommended a final dividend of Rs 0.75 per equity share for the financial year 2025-26, subject to approval of shareholders in the ensuing Annual General Meeting

Q4 results: Patanjali, EaseMyTrip, Gujarat Gas, and 642 more on May 30

Some other firms that will announce their results today include Jindal Poly Films, DP Wires, Sarveshwar Foods, Balu Forge Industries, Panacea Biotec, and Jaibalaji Industries

Asian Paints Q4 results: Net profit rises 69% to ₹1,172 cr on strong demand

Consolidated net profit rose 69 per cent to ₹1,172 crore ($123.1 million) for the ​quarter ended March 31, topping ‌analysts' ​expectations of ‌₹1,116 crore

RIL to seek nod for ₹16.64 trillion transactions tied to JPL, Jio

Reliance Industries will seek shareholders' nod for approval of internal transactions of over Rs 16.64 lakh crore spread over the next five fiscal years involving digital services subsidiaries Jio Platforms and Reliance Jio Infocomm, according to the notice for the 49th AGM filed by the company on Friday. The meeting is scheduled to be held on June 19, 2026. The biggest pie of over Rs 13 lakh crore in the overall transaction will go to Reliance Jio from Reliance Retail in lieu of telecom services sold through its retail network. "The monetary value for transactions... for FY 2027-28 is estimated to be Rs 2,20,000 crore; and... in each of the subsequent financial years from FY 2028-29 to FY 2031-32 is estimated to be up to Rs 2,80,000 crore" for sale of Reliance Jio's recharge vouchers, Jio Fibre etc by Reliance Retail. The total estimate includes a payment of Rs 76,800 crore by Reliance Jio to RIL for roll out of its telecom network on EPC (engineering, procurement, and constructio

PhysicsWallah eyes 30% revenue improvement in FY27: Cofounder Prateek Boob

Prateek Boob, co-founder, in an interview with Udisha Srivastav, spoke about the company's FY27 priorities, narrowing losses, AI-driven efficiencies, and plans to build a personalised AI tutor

Despite uncertainties, we will stick to Saudi investment plans: Hinduja

On course to start a new 5,000 capacity plant in Saudi Arabia, says Dheeraj Hinduja, chairman, Ashok Leyland

Rourkela steel plant signs deal with GAIL for uninterrupted PNG supply

The SAIL-owned plant has partnered with GAIL to secure alternative fuel supplies amid propane shortages linked to the West Asia crisis

GMR Airports Q4 FY26 result: Net profit at ₹400, revenue rises 36%

GMR Airports Ltd (GAL) has swung into the black, posting a profit of Rs 400.49 crore in the three months ended March this year. The airports operator had incurred a loss of Rs 252.66 crore in the year-ago period. In the fourth quarter of 2025-26 financial year, total income climbed to Rs 4,042.90 crore from Rs 2,976.76 crore in the same period a year ago, according to a regulatory filing. The company, which operates airports at Delhi, Hyderabad and other cities, also posted a profit of Rs 472 crore for the fiscal ended March 2026 -- the first time it has recorded full-year profitability in more than a decade. In the last financial year, the company's total income jumped to Rs 15,200.75 crore from Rs 10,835.89 crore in the year-ago period, as per the regulatory filing on Wednesday. "PAT (Profit After Tax) of Rs 472 crore reported in FY26, the first positive PAT in over a decade," it said. GAL-owned airports handled 31.7 million passengers in the March quarter and record 121.6 mill

Biocon's next chapter: A leadership team built for the next decade

The team put together by the firm's founder may be just what the next decade demands

Red Balloon Aerospace launches India's 1st domestic super-pressure platform

Founded in 2025, Red Balloon Aerospace achieved operational commercial flight in just eight months, marking one of the fastest development timelines in the global near-space sector

Fintechs seek 'safe harbour' provision as regulatory waters turn choppy

The fintech and payments industry is preparing a proposal for RBI seeking safe harbour provisions to protect compliant licensed entities from liabilities and retrospective regulatory action

From hyperloop to orbit: The IIT alumni who want to see through clouds

GalaxEye founder Suyash Singh and his co-founders spent five years building Drishti, a satellite that sees through clouds even at night, and which was launched earlier this month on a SpaceX rocket

ONGC Q4 results: Net profit rises 3% to ₹6,650 cr, revenue up marginally

State-owned Oil and Natural Gas Corporation (ONGC) on Tuesday reported a 3 per cent rise in March quarter profit to Rs 6,649.97 crore as higher oil and gas prices helped negate a drop in output. Net profit of Rs 6,649.97 crore in January-March -- the fourth quarter of 2025-26 fiscal year -- compared with Rs 6,448.28 crore earnings in the corresponding period of the previous year and Rs 8,371.85 crore in the preceding three months, according to a stock exchange filing by the company. Revenue from operations rose marginally to Rs 35,928.18 crore during the quarter from Rs 34,982.23 crore in Q4 of FY25. For the full fiscal year, ONGC reported a net profit of Rs 32,894.02 crore, down 7.6 per cent from Rs 35,610.32 crore of 2024-25 fiscal year. ONGC wrote off Rs 4,876.75 crore in exploration well cost during the quarter under review after the wells drilled did not yield any commercial hydrocarbon discoveries. This compared with Rs 4,173.04-crore write-off in the corresponding quarter of

Tata Sons board takes close look at new-age businesses; next meet June 12

No talk on Chandra's term or listing at meeting called on Noel's behest

Sun Pharma's Unloxcyt posts 50% response rate in skin cancer study

Updated data from the CK-301-101 trial showed durable responses and manageable safety profile in patients with locally advanced cutaneous squamous cell carcinoma

Govt approves Skymap Pharma's ₹121 crore bid for IMPCL stake sale

The Centre approved Skymap Pharmaceuticals' Rs 121 crore bid for the strategic sale of its stake in Indian Medicines Pharmaceutical Corporation Ltd

Tata Sons board to meet on Tuesday; discussions on loss-making firms likely

The board of Tata Sons will meet on Tuesday, and discussions on the diversified group's loss-making companies are likely to come up, sources said on Monday. However, sources made it clear that any discussion on Tata Sons chairman N Chandrasekaran's reappointment is unlikely at the board meeting, which comes amid rising frictions within the group. Individual companies, especially those currently loss-making, are likely to make a presentation on the state of their business and the way ahead, a source said. Chandrasekaran and Tata Trusts chairman Noel Tata, who is a nominee director on the Tata Sons board, are understood to have met over the weekend to discuss the same matter on the performance of the companies. In FY25, Tata group's unlisted businesses posted a loss of Rs 10,905 crore, which is likely to go up to Rs 29,000 crore, according to reports. It can be noted that the Tata group, which includes the Tata Trusts owning two-thirds of Tata Sons, the holding company of the group,

Pine Labs' Q4 profit at ₹59.36 cr, revenue rises 17% to ₹700.51 crore

The rise in net profit came at a time when the Gurugram-headquartered company's revenue from operations rose 17 per cent to ₹700.51 crore in Q4 FY26, up from ₹598.64 crore in Q4 FY25

Suzlon Q4 FY26 profit slips 5.6% to ₹1,114 crore; revenue jumps 45%

Suzlon Energy on Monday reported a 5.6 per cent dip in its consolidated net profit to Rs 1,114 crore in the March quarter of FY26, mainly due to lesser benefit of deferred tax credit. The consolidated net profit stood at Rs 1,181 crore in the quarter ended March 2025, Suzlon Energy said in a statement. The company got a deferred tax benefit of Rs 284.32 crore in the reporting quarter, lower than the Rs 600.75 crore received during the same period a year ago. However, revenue from operations rose to Rs 5,468 crore in the latest fourth quarter from Rs 3,774 crore in the same period a year ago. During the full fiscal 2025-26, the consolidated net profit rose to Rs 3,163 crore from Rs 2,072 crore a year ago. Revenue from operations also increased to Rs 16,679 crore in FY26 from Rs 10,851 crore a year ago. Girish Tanti, Vice Chairman, Suzlon Group, said in the statement that the company's flagship S144 platform has already achieved 9GW of cumulative order intake, and the WTG business

Swiggy's IOCC setback may delay Instamart's next expansion phase

Swiggy told stock exchanges it had failed to win the shareholder approval needed to amend its Articles of Association, a key step in its efforts to qualify as an IOCC