Page 30 - Company News

Britannia Industries posts 16.9% rise in Q3 net profit on steady growth

Britannia Industries reported a 16.9% rise in consolidated net profit for Q3FY26, aided by strong momentum in biscuits and adjacent categories amid a stable commodity environment

French drugmaker Servier bets big on India as key global export hub

French drugmaker to commit €15 million annually to SPC development and exports for cardiometabolic and venous diseases

Carlyle to acquire majority stake in Nido Home Finance for ₹2,100 crore

US-based private equity firm Carlyle will invest Rs 2,100 crore to acquire a majority stake in Edelweiss Group's housing finance arm Nido Home Finance, subject to regulatory approvals

Govt to sell up to 5% in Bhel at ₹254 per share; OFS opens Wednesday

The government will sell up to 5 per cent stake in Bharat Heavy Electricals Ltd (BHEL) via an offer for sale (OFS) beginning on Wednesday at a floor price of Rs 254 a share. "Government offers to disinvest 3 per cent equity in the BHEL with an additional 2 oer cent as green shoe option," Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said on X. The issue will open for non-retail investors on Wednesday, while retail investors will get to put in price bid on Thursday. If fully subscribed at the floor price, sale of 17.41 crore shares, or 5 per cent stake, would fetch the government Rs 4,422 crore. The floor price of Rs 254 a share is about 8 per cent below BHEL's closing share price of Rs 276.05 on the BSE. The base issue size comprises over 10.44 crore shares, or 3 per cent stake, in BHEL, plus a greenshoe option to sell over 6.96 crore shares or 2 per cent. The government holds 63.17 per cent in BHEL. Shares of BHEL closed at Rs 276.05, up 0

Eicher Motors PAT up 21% in Q3 riding on rise in Royal Enfield sales

Eicher Motors reported a 21 per cent rise in net profit in the December quarter, driven by strong Royal Enfield sales and improved performance at VE Commercial Vehicles

Jubilant FoodWorks Q3 results: Net profit jumps 65.2% on strong growth

Jubilant FoodWorks posted a 65.2 per cent rise in consolidated net profit in Q3 FY26, aided by strong revenue growth, margin expansion and robust performance at Domino's and Popeyes

Cholamandalam Financial posts 27% rise in Q3FY26 profit to ₹1,386 crore

Cholamandalam Financial Holdings Ltd on Tuesday reported a 27 per cent rise in consolidated profit after tax to Rs 1,386 crore for the October-December 2025 quarter. The city-headquartered company, part of the diversified Murugappa Group, had posted a profit after tax of Rs 1,093 crore in the corresponding quarter of the previous financial year. Cholamandalam Financial Holdings Ltd (formerly TI Financial Holdings Ltd) has significant shareholdings in group companies, including Cholamandalam Investment and Finance Company Ltd, Cholamandalam MS General Insurance Company Ltd and Cholamandalam MS Risk Services Ltd. In a statement, the company said profit after tax for the nine-month period ended December 31, 2025, rose 14 per cent to Rs 3,860 crore, compared with Rs 3,378 crore in the same period a year ago. Total income for the OctoberDecember 2025 quarter increased 17 per cent to Rs 10,084 crore from Rs 8,593 crore in the year-ago period. For the nine-month period ended December 31,

Panapakkam puts Tamil Nadu on Jaguar Land Rover's global production map

Tata Motors Passenger Vehicles and JLR have begun operations at a Rs 9,000 crore plant in Panapakkam, positioning Tamil Nadu as a key node in Jaguar Land Rover's global manufacturing network

TCS needs to be prepared to take advantage of AI: N Chandrasekaran

Tata Sons chairman N Chandrasekaran asked TCS employees to embed AI into daily work, reflect on recent underperformance and focus on execution as adoption of the technology accelerates

BSE Q3 results: Profit jumps nearly threefold to ₹602 cr; revenue up 62%

Leading stock exchange BSE on Monday reported a nearly three times jump in consolidated profit to Rs 602 crore for the December quarter, driven by strong growth in equity derivatives trading, listings and mutual fund transactions. The exchange posted a profit of Rs 220 crore in the corresponding period of the last fiscal year. Total revenue for the quarter under review stood at an all-time high of Rs 1,334 crore, up 61 per cent from Rs 829 crore a year earlier, BSE said in a statement. This also marks the exchange's 11th consecutive record performance. Further, operating expenses declined 4 per cent year-on-year to Rs 512 crore, further boosting profitability. Investment and other income increased 47 per cent to Rs 90 crore during the quarter. Commenting on the results, BSE MD and CEO Sundararaman Ramamurthy said the exchange's "strong Q3 performance is a testament to the strength of our platforms and the confidence the marketplaces in BSE". "With record SME listings, growing ind

The Ramco Cements Q3 net profit jumps 2-fold to ₹385.63 cr, revenue up 6%

The Ramco Cements Ltd on Monday reported an over two-fold jump year-on-year in its consolidated net profit at Rs 385.63 crore in the December quarter of FY26, helped by improvement in cement prices and operational efficiencies. The company posted a net profit of Rs 181.58 crore during the October-December quarter of the previous fiscal, according to a regulatory filing by The Ramco Cements. Revenue from operations was up 6.16 per cent to Rs 2,105.68 crore in the December quarter of FY26. It was at Rs 1,983.45 crore in the corresponding period of the previous fiscal. "During Q3 FY26, the cement sale volume is 4.43 million tonnes, compared to 4.28 million tonnes in Q3 FY25 with a growth of 4 per cent," the company said in its earnings statement. The construction chemical business registered a sale volume of 1.54 lakh tonnes for Q3FY26 as against 0.86 lakh tonnes during Q3FY25, registering a growth of 79 per cent. "The overall sale volume for the current quarter has increased by 5 pe

Marico to acquire 75% equity stake in Vietnamese DTC firm Skinetiq

The FMCG major will acquire a 75% stake in Vietnam-based Skinetiq in an all-cash deal valued at Rs 350 crore, strengthening its premium beauty and D2C play in the market

Bata India Q3 net profit up 12.6% at ₹66.1 cr, revenue rises 2.8%

Leading shoemaker Bata India Ltd on Monday reported a 12.61 per cent rise in consolidated net profit to Rs 66.1 crore in the December quarter of FY'26 compared to the year-ago period. It had posted a net profit of Rs 58.7 crore in the previous October-December a year ago, according to a regulatory filing from Bata India. Bata's revenue from operations was up 2.81 per cent to Rs 944.68 crore during the quarter under review compared to Rs 918.79 crore in the corresponding quarter a year ago. Its total expenses in the December quarter were at Rs 868.92 crore, up 3.3 per cent on a year-on-year basis. Bata India's total income, which includes other income, was up 3.93 per cent to Rs 965.72 crore. Shares of Bata India Ltd on Monday settled at Rs 884.35 apiece on BSE, up 4.27 per cent.

Aurobindo Pharma Q3FY26 results: Net profit rises 8% to ₹910 crore

Aurobindo Pharma on Monday said its consolidated net profit increased 8 per cent year-on-year to Rs 910 crore for the December quarter, led by robust sales in Europe and the US. The Hyderabad-based drug major reported a net profit of Rs 846 crore for the October-December period of the last fiscal year. Total revenue from operations increased to Rs 8,646 crore during the quarter as compared with Rs 7,979 crore in the year-ago period, the drug firm said in a statement. "Q3 reflected steady execution across Aurobindo's core businesses, supported by stable demand and the strength of our diversified product portfolio in key markets, including the US and Europe," Aurobindo Pharma Vice-Chairman and MD K Nithyananda Reddy said. Growth remained measured, with continued focus on operational discipline and a balanced approach to growth and profitability, he added. "As we progress our strategic initiatives, we remain cautious yet confident in our ability to support sustainable value creation

Embassy REIT expects GCCs to contribute 75% to portfolio in next 2 years

Embassy Office Parks REIT is sharpening its focus on global capability centres, which it expects to account for up to three-fourths of its portfolio as multinationals expand operations in India

Flipkart appoints Vipin Kapooria, Yogita Shanbhag as VPs ahead of IPO

E-commerce major Flipkart on Monday announced the appointment of Vipin Kapooria as Vice President, Business Finance, and Yogita Shanbhag as Vice President, Human Resources, effective immediately. These appointments come shortly after a series of high-profile hires at the IPO-bound company in the past month. Kapooria, who is rejoining Flipkart, will lead business finance across all categories. He comes with over 19 years of experience and was most recently the Chief Financial Officer at Blinkit. He has also held senior positions at OYO and Yum! Brands. In his new role, Kapooria will partner with business teams to drive financial discipline, operational excellence, and sustainable growth, the company said in a statement. Shanbhag will lead the HR function for Flipkart's technology vertical, OneTech Business Unit. She joins with over 20 years of experience at Juniper Networks and Wipro. "Building a strong organisation requires sustained focus on leadership, robust systems, and cultur

Sky Gold and Diamonds posts over twofold jump in Q3 profit at ₹81 cr

Sky Gold and Diamonds Ltd on Monday reported more than twofold jump in consolidated profit to Rs 80.53 crore for the December quarter. Its net profit stood at Rs 36.53 crore in the year-ago period. Total income rose to Rs 1,775.12 crore during the October-December period of the fiscal year from Rs 1,005.09 crore in the corresponding period of the preceding year, according to a regulatory filing. Established in 2008, Mumbai-based Sky Gold and Diamonds Ltd is a B2B jewellery manufacturers, specialising in lightweight, design-led and studded jewellery. The company serves India's leading jewellery retailers and is expanding into global markets.

Public sector banks post 18% growth to record ₹52,603 cr profit in Q3 FY26

Led by the country's biggest lender State Bank of India (SBI), public sector banks logged a record cumulative profit of Rs 52,603 crore in the third quarter of the current fiscal, reflecting an 18 per cent year-on-year growth. All 12 public sector banks (PSBs) together made a profit of Rs 44,473 crore in the December quarter of FY25. Thus, the increase in profit in absolute terms was Rs 8,130 crore as compared to the same quarter of the previous financial year. Market leader SBI alone contributed 40 per cent to the total earnings of Rs 52,603 crore, as per the published numbers on stock exchanges. SBI posted the highest quarterly net profit of Rs 21,028 crore in Q3 FY26, 24 per cent higher than the same period of the previous fiscal. In percentage terms, Chennai-based Indian Overseas Bank reported the highest net profit growth of 56 per cent to Rs 1,365 crore, followed by Central Bank of India with a 32 per cent rise to Rs 1,263 crore. During the quarter, all 12 public sector bank

LIC Mutual Fund launches India's first women-centric AMC branch in Delhi

LIC Mutual Fund Asset Management on Monday inaugurated its women-centric branch in South Delhi, becoming the first asset management company in the country to set up a branch aimed at increasing women's participation in mutual fund investing. The initiative aims to bridge the gender gap in investment participation by encouraging women to take greater ownership of their financial futures, said Ravi Kumar Jha, Managing Director & CEO of LIC Mutual Fund. The South Delhi branch is staffed and managed entirely by women. The region is considered a key growth market for the mutual fund industry, with an estimated assets under management (AUM) of about Rs 1.30 lakh crore and more than 2,000 active mutual fund distributors. As of December 31, 2025, LIC Mutual Fund's AUM in South Delhi stood at around Rs 200 crore, including nearly Rs 175 crore in equity assets. Jha said the branch is intended to provide a dedicated space where women can learn about investments and make informed decisions ..

GlaxoSmithKline Pharma Q3 profit up 29 pc at Rs 296 cr

GlaxoSmithKline Pharmaceuticals on Monday posted 29 per cent increase in consolidated profit after tax at Rs 296 crore for the third quarter ended December 31, 2025. The drugmaker reported a profit after tax of Rs 230 crore for the October-December period of last fiscal. Revenue from operations rose to Rs 1,041 crore from Rs 949 crore in the year-ago period, GlaxoSmithKline Pharmaceuticals Ltd said in a regulatory filing. The company said its competitive performance comes against the backdrop of the broader macro environment and efforts to mitigate internal supply challenges. The implementation of the new Labour Codes did not have a material impact on the company, it added. Shares of the company on Monday settled 1.01 per cent up at Rs 2,511 apiece on BSE.