Page 21 - Company News

Havells India Q3FY26 results: Net profit rises 8% to ₹300 crore

Consumer electrical goods maker Havells India on Monday reported a 7.9 per cent increase in consolidated net profit to Rs 300.05 crore in the quarter ended December 31, 2025. The company had posted a consolidated net profit of Rs 277.96 crore in the October-December quarter a year ago, according to a regulatory filing from Havells India. Its revenue from operations was up 14.3 per cent to Rs 5,587.89 crore in the December quarter. It was Rs 4,888.98 crore in the corresponding period of the previous fiscal. Havells India's total expenses rose 13.4 per cent to Rs 5,189.33 crore in the December quarter. The total income of Havells India, which includes other income, was also up 13.67 per cent to Rs 5,630.59 crore. Meanwhile, in a separate filing, Havells' board also declared an interim dividend of 400 per cent, amounting to Rs 4 per equity share of Re 1 each. Shares of Havells India Ltd on Monday settled at Rs 1,445.15 on BSE, up 1.42 per cent from the previous close.

Haryana Gramin Bank sets up IPO cell, aims to approach regulator soon

Haryana Gramin Bank has set up a dedicated IPO cell and, with support from PNB, plans to approach Sebi for listing by the end of the year, aiming to boost transparency and growth

TVS Infrastructure Trust raises ₹830 cr under ₹1,100-cr NCD programme

TVS Infrastructure Trust, an Infrastructure Investment Trust (InvIT) sponsored by TVS Industrial & Logistics Parks (TVS ILP), on Monday said that it has raised Rs 830 crore under tranche-1 of its Rs 1,100 crore Non-Convertible Debenture (NCD) programme. The company, in a statement, said the funds were raised through a 20-year, long-tenor bond issuance, anchored by the National Bank for Financing Infrastructure and Development (NaBFID). "This long-tenor bond issuance, extending up to the year 2046, is among the first of its kind in India's industrial infrastructure space," Ravi Swaminathan, Founder and Vice Chairman, TVS ILP, said. Samuel Joseph Jebaraj, Deputy Managing Director Lending & Project Finance, NaBFID, said, "This investment is aligned with NaBFID's mandate to support institutionally governed infrastructure platforms that contribute meaningfully to India's sustainable economic development." The bonds are rated AAA by ICRA. TVS ILP is backed by a broad, diversified ..

JioHotstar annual premium plan to cost more from Jan 28; check prices here

JioHotstar said existing subscribers will continue on their current plans and prices, provided their auto-renewal settings remain active

Everstone to sell stake in Burger King operator Restaurant Brands Asia

Under the deal, Restaurant Brands Asia will get a new strategic investor, said the two sources, who declined to be named as the matter is confidential

IRFC Q3 results: Net profit rises 10% to ₹1,802 cr, income dips marginally

Indian Railway Finance Corporation Ltd (IRFC) on Monday reported a 10.51 per cent increase in net profit to Rs 1,802 crore for the third quarter ended December 2025. The NBFC, under the administrative control of the Ministry of Railways, had earned a net profit of Rs 1,631 crore in the year-ago period. The total income of the company declined marginally to Rs 6,719 crore in the October-December period from Rs 6,766.39 crore a year ago, IRFC said in a regulatory filing. The total expenses of the Mini-Ratna company during the period under review declined to Rs 4,917.04 crore from Rs 5,135.7 crore in the corresponding period a year ago. The networth of the company rose to Rs 52,046 crore at the end of December 2024, compared to Rs 47,443 crore at the end of the third quarter of the previous fiscal. The company achieved annual sanction guidance of Rs 60,000 crore within nine months. IRFC's assets under management (AUM) rose to a record Rs 4.75 Lakh crore as of December 31, 2025.

Hatsun Agro Q3 net profit jumps 48% to ₹60 crore on strong sales

Hatsun Agro Product on Monday posted a 48 per cent jump in consolidated net profit to Rs 60.58 crore for the third quarter of 2025-26 fiscal on higher sales. The company had clocked a net profit of Rs 40.94 crore in the third quarter of the 2024-25 fiscal, a regulatory filing said. Its total income rose 17.62 per cent to Rs 2,366.68 crore during Q3 from Rs 2,012 crore in the year-ago period. Expenses remained higher at Rs 2,287.76 crore compared to 1,956.33 crore. "Our growth is driven by distribution reach, capacity additions, and sustained investments in sales and brand building, enabling us to scale our brands with clarity and purpose," Hatsun AGro Product Ltd Chairman R G Chandramogan said. Strong consumer demand drove volume growth across milk, yoghurt, and ice cream, supported by encouraging traction in innovation-led dairy offerings aligned with evolving consumer preferences, he said. The company continued to strengthen the core dairy portfolio while expanding its presen

Sunteck Realty to launch ₹3,000 crore ultra-luxury goregaon project

Sunteck's rental revenue is expected to rise from Rs 70 crore in fiscal year 2025 (FY25) to Rs 320 crore and capital value from Rs 1,050 crore to Rs 5,000 crore by FY28-29

ICICI Bank Q3 profit declines 2.68% to ₹12,538 crore despite loan growth

Private sector lender ICICI Bank on Saturday said its consolidated net profit for the December 2025 quarter declined 2.68 per cent to Rs 12,537.98 crore. ICICI Bank had posted a consolidated net profit of Rs 12,883.37 crore for the October-December period last year and Rs 13,537.06 crore in the preceding September quarter. On a standalone basis, the second-largest private sector lender reported profit after tax of Rs 11,318 crore, up from Rs 11,792 crore in the year-ago period. The core net interest income jumped 7.7 per cent year-on-year to Rs 21,932 crore during the reporting quarter, on the back of an 11.5 per cent loan growth and a 0.05 per cent expansion in the net interest margin to 4.30 per cent. Its non-interest income, excluding treasury operations, increased 12.4 per cent to Rs 7,525 crore during the reporting quarter. It had to set aside Rs 145 crore following the implementation of the new labour codes, and the overall provisions doubled to 2,556 crore. The bank disclo

JK Cement Q3 profit falls 8.5% to ₹173.6 crore, revenue rises 18%

JK Cement Ltd on Saturday reported an 8.56 per cent decline in consolidated profit to Rs 173.61 crore during the December quarter. It had posted a profit of Rs 189.87 crore in the year-ago period, JK Cement Ltd (JKCL) said in a regulatory filing. Revenue from operations was up 18.18 per cent at Rs 3,463.07 crore in the December quarter. It was at Rs 2,930.28 crore in the corresponding period a year ago. JKCL's total expenses were Rs 3,192.91 crore, up 18.42 per cent in the December quarter. JKCL's total income, including other income, was Rs 3,509 crore during the period under review, up 17.95 per cent. It has reported a 23 per cent volume sales growth on grey cement on a year-on-year basis to 5.36 million tonnes. Its EBIDTA per tonne was Rs 928 as against Rs 1,022 in the quarter. JKCL has a production capacity of 28.26 MTPA grey cement, 3.05 MTPA white cement and wall putty.

UCO Bank reports nearly 16% jump in Q3 net profit at ₹739 cr, NPAs improve

UCO Bank on Saturday reported a 15.76 per cent on-year increase in net profit for the quarter ended December to Rs 739.51 crore, compared to Rs 638.83 crore in the corresponding period a year ago. The lender's total income for the quarter under review grew to Rs 7,521.16 crore, up from Rs 7,405.89 crore in the year-ago period. Interest earned rose to Rs 6,651.84 crore as against Rs 6,219.96 crore, it said in an exchange filing. The Kolkata-headquartered bank's operating profit rose by 5.96 per cent to Rs 1,680.24 crore in October-December, compared to Rs 1,585.69 crore in the year-ago period. Provisions and contingencies lowered to Rs 525.12 crore in the quarter to December, down from Rs 589.51 crore, it said. On the asset quality front, UCO Bank showed significant improvement, with gross non-performing assets (NPA) declining to 2.41 per cent as of December 31 from 2.91 per cent a year ago. Gross NPAs stood at Rs 5,867.25 crore compared to Rs 6,081.55 crore in the corresponding per

HDFC Bank posts 12% growth in December-quarter profit to ₹19,807 crore

HDFC Bank on Saturday said its consolidated profit jumped 12.17 per cent to Rs 19,807 crore in the December quarter. The city-headquartered lender had reported a consolidated net profit of Rs 17,657 crore in the year-ago period and Rs 19,611 crore in the preceding September quarter. On a standalone basis, the profit of the country's largest private sector lender increased 11.46 per cent to Rs 18,653.75 crore for the October-December period. The core net interest income grew 6.4 per cent to Rs 32,600 crore, while the non-interest income came at Rs 13,250 crore, as per an exchange filing. The net interest margin at the overall level stood at 3.35 per cent, it said. Implementation of the new labour codes led to an impact of Rs 800 crore in expenses for the bank during the quarter.

Jio Financial Services reports 9% drop in Q3 profit at ₹269 crore

Jio Financial Services Ltd on Thursday reported a 9 per cent drop in consolidated profit at Rs 269 crore for the third quarter ended December 31, 2025. The company had earned a consolidated net profit of Rs 295 crore in the same quarter of the previous fiscal, Jio Financial Services said in a regulatory filing. However, the company's consolidated net profit stood at Rs 695 crore in the second quarter of the current fiscal. Total income nearly doubled to Rs 901 crore, from Rs 449 crore in the third quarter of the previous fiscal. Total expenses also witnessed a significant year-on-year increase, rising to Rs 566 crore from Rs 131 crore in the same quarter a year ago. During the quarter, pre-provisioning operating profit grew by 7 per cent to Rs 354 crore. Growth in total income was partially offset by higher expenses, in line with volume growth across all businesses, it said. For the nine months ended December, the company's net profit also declined marginally to Rs 1,289 crore,

Higher expenses drag Angel One Q3 profit down 4.5% to ₹269 crore

Angel One on Thursday reported a 4.5 per cent year-on-year decline in consolidated profit after tax (PAT) to Rs 269 crore in the December quarter as rising operating expenses weighed on margins. The company had posted a PAT of Rs 281.5 crore in the corresponding year-ago quarter. However, the broking firm registered a 5.8 per cent increase in total income to Rs 1,338 crore from Rs 1,264 crore in Q3 FY25, driven by an improvement in interest income and fees and commission income, according to a regulatory filing. Total expenses increased to Rs 964.2 crore from Rs 876.5 crore, driven primarily by higher employee benefit costs, employee stock ownership plan (ESOP) expenses and other operating expenses. The company's board has approved a stock split in the ratio of 1:10, whereby each equity share with a face value of Rs 10 will be subdivided into 10 equity shares of Rs 1 each.

LTTS expects mobility biz to turn around from Q4: MD & CEO Amit Chaddha

LTTS CEO Amit Chaddha says the mobility business is set for a turnaround from Q4 as the firm pivots to engineering intelligence and reshapes its portfolio under a new five-year strategy

HDFC Life's Q3FY26 results: Net profit rises marginally to ₹421 crore

The company's expenses rose 30.03 per cent YoY to ₹4,532.68 crore, with net commission expenses rising 17.55 per cent YoY to ₹2,272 crore

IHCL acquires 51% stake in Brij Hotels, strengthens boutique play

Brij Hospitality Private Limited has a portfolio of 22 hotels, including 11 hotels under development

BlackRock's assets hit record $14 trillion on fourth-quarter markets rally

As inflation eased and the job market cooled, the Federal Reserve turned more dovish, driving strong inflows into BlackRock's fixed-income products

Snabbit steps up senior hiring as it scales home-services business

Quick home-services platform brings on Pync's founding team as it expands into new categories and cities

Investec India partners Ravi Kapoor's SACS Partners to boost advisory biz

As part of the arrangement, veteran investment banker Ravi Kapoor, founder of SACS Partners, will take on a non-executive role as vice-chairman of investment banking at Investec India