Page 26 - Company News

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

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