Page 36 - Company News

UltraTech Cement's Q3FY26 profit grows 27% Y-o-Y, beats analyst estimates

UltraTech Cement, India's leading cement maker on Saturday reported a consolidated net profit of Rs 1,729.44 crore for December quarter FY26. It had posted a net profit of Rs 1,363.44 crore in the October-December period a year ago, the Aditya Birla group flagship firm said in a regulatory filing. Revenue from operations was at Rs 21,829.68 crore in the December quarter of FY26. It was at Rs 17,778.83 crore a year earlier. The company said its results " for the three months and nine months ended 31/12/2025 are not comparable with the previous corresponding period" due to acquisition of India Cements Ltd (ICL), Blrla White WallCare (earlier known as Wonder WallCare) and Ras Al Khaimah, the UAE-based RAKWCT. Moreover, the scheme for the merger of the cement business of Kesoram Industries with UltraTech and their respective shareholders and creditors was also effective from March 1, 2025. UltraTech's total consolidated income, which includes other income as well, was at Rs 21,965.26

Kotak Mahindra Bank consol Q3 net profit up 5% YoY to ₹4,924 crore

The bank reported marginally higher provisions in Q3 at ₹810 crore, up 2 per cent YoY. However, sequentially, provisions of the lender was down 15 per cent

PepsiCo India brings in Tata Tech's Savitha Balachandran as new CFO

PepsiCo India appoints Savitha Balachandran as CFO for India and South Asia, succeeding Kaushik Mitra, who will retire in April after 24 years with the company

Bansal Wire plans to invest ₹2,500 crore in steel cord manufacturing unit

As part of the main project, the company has built a 20,000-tonne pilot facility with an investment of Rs 150 crore, which will be commissioned by the end of this year

State-run BPCL to sign $780 million oil deal with Brazil's Petrobras

Indian refiners are redrafting their oil import strategies, buying more oil from ​Middle Eastern, African and South American countries to make up for a reduction in Russian oil supplies

India Cements Q3 result: Loss narrows to ₹5.7 crore, revenue up 23%

Including the tax cuts, average pan-India cement prices ‌dropped 6 per cent on-year in the reported ​quarter, data from brokerage Ambit Capital showed

IndiGo's Q3FY26 results: Net profit declines 77.6% to ₹549 crore

The company's total revenue in the third quarter increased 6.7 per cent year on year to ₹24,541 crore. Its total expenses increased 9.6 per cent year on year to ₹22,432 crore

ixigo Q3 results: Profit jumps 54% to ₹24 crore on higher bookings

ixigo (Le Travenues Technology Limited) on Thursday reported 54.11 per cent rise in consolidated net profit for December quarter at Rs 23.95 crore, driven by higher revenue from operations including flight, train, and bus ticketing services. The travel booking platform had logged a net profit of Rs 15.54 crore during the year-ago period, a regulatory filing said. During the quarter under review, ixigo's revenue from operations increased to Rs 317.56 crore from Rs 241.76 crore a year ago. Total expenses also rose to Rs 295.85 crore from Rs 223.67 crore. The gross transaction value (GTV) for ixigo's bus booking vertical grew over 36 per cent year-on-year in December quarter, whereas the flights vertical recorded GTV growth of more than 22 per cent despite industry-wide disruptions witnessed in December. "Our Q3 performance demonstrates our continued ability to outpace the market's growth with improving profitability. We are at a juncture in history where we will be judged not by our

Rapido FY25 loss narrows to ₹258 crore; revenue rises 44% to ₹934 crore

Roppen Transportation Services, the parent company of ride-hailing platform Rapido, narrowed its consolidated loss to Rs 258 crore in FY25 from Rs 370 crore a year ago. According to financial data accessed via business intelligence platform Tofler, the Bengaluru-headquartered unicorn's revenue from operations rose to Rs 934.44 crore last fiscal year, reflecting a 44.19 per cent increase compared to Rs 648 crore in FY24. "Rapido has sustained strong operating momentum, driven by higher utilisation across our mobility offerings, sharper cost discipline, and the growing maturity of our platform. "As we scale and expand, our focus remains on sustainable growth, improving unit economics, and strengthening the ecosystem for captains and passengers across markets and categories through varied business models," a Rapido spokesperson said. Rapido plans to initiate its IPO process by the end of 2026. In November 2025, Rapido Co-Founder Aravind Sanka told PTI that the company expects to main

TVS Emerald raises ₹425 crore in equity from IFC for housing projects

Realty firm TVS Emerald has raised Rs 425 crore in equity funding from the International Finance Corporation (IFC) to fund its new housing projects. TVS Emerald is part of the TVS Group. In a statement on Thursday, the company said the investment will be used to develop two upcoming residential projects, which would be launched next fiscal in Chennai and Bengaluru as well as future projects. The company would invest Rs 136 crore in Chennai project and Rs 103 crore in Bangaluru housing project. The rest will be earmarked for additional residential projects to be launched over the next two years. The two upcoming projects in Chennai and Bengaluru would have a combined revenue potential of Rs 4,400 crore. TVS Emerald is engaged in the development of residential projects and self-sustaining communities, with a presence in Chennai and Bengaluru. The company has delivered over 6 million sq ft. of residential developments and has more than 9 million sq ft currently under development.

Ujjivan Small Finance Bank Q3 results: Profit rises 71% to ₹186 crore

Ujjivan Small Finance Bank on Thursday reported a 71 per cent growth in net profit at Rs 186 crore for the third quarter ended December 31, 2025. The bank reported a net profit of Rs 109 crore in the third quarter of the 2024-25 fiscal year. The bank reported an all-time high net interest income (NII) of Rs 1,000 crore for the third quarter of FY26, up 12.8 per cent year over year. Ujjivan Small Finance Bank MD & CEO Sanjeev Nautiyal said the bank's deposits grew 22.4 per cent on a yearly basis to Rs 42,223 crore, with the credit-deposit ratio at 88 per cent as of December 2025. Gross loan book for the quarter grew 21.6 per cent YoY to Rs 37,057 crore, driven by the highest-ever quarterly disbursements at Rs 8,293 crore. "This was due to all-around performance across unsecured and secured products. Secured portfolios such as housing, MSME, gold, vehicle and agri loans, scaled up in line with our long-term diversification strategy. The secured book share increased to 48 per cent as

Adani Energy Solutions Q3 results: Profit falls 8% to ₹574 crore

Adani Energy Solutions Ltd (AESL) on Thursday posted an over 8 per cent decline in consolidated net profit to Rs 574.06 crore for December quarter, mainly due to higher tax expenses. AESL had logged a net profit of Rs 625.30 crore in the same period a year ago, the company said in an exchange filing. According to the filing, the company made a provision of total tax expenses of Rs 226.17 crore, whereas it had got tax credit of Rs 66.07 crore in the year- ago quarter. Total income however rose to Rs 6,944.44 crore from Rs 6,000.39 crore in the third quarter of 2024-25 fiscal, aided by increased revenues from key businesses. From transmission, the company earned a revenue of Rs 2,426.36 crore as against Rs 2,034.76 crore a year ago. Revenues from distribution business increased to Rs 3,103.62 crore from Rs 2,972.42 crore. "Q3FY26 adjusted PAT of Rs 574 crore increased by 30.4 per cent YoY translating from strong profitability at EBITDA and PBT level. The comparable PAT has been ...

Radico Khaitan Q3 results: Profit rises 63% to ₹155 crore; revenue up 22%

Radico Khaitan Limited, one of the largest manufacturers of Indian Made Foreign Liquor (IMFL), on Thursday reported 62.26 per cent increase in consolidated net profit at Rs 154.93 crore for December quarter, helped by its "highest ever" quarterly volume. The company had posted a profit of Rs 95.48 crore for October-December FY25, according to a BSE filing from Radico Khaitan, which owns brands as Rampur Indian Single Malt Whisky, Jaisalmer Indian Craft Gin, Magic Moments Vodka, and the 8 PM series. Revenue from operations was up 22.13 per cent to Rs 5,423.83 crore in the December quarter. "Premiumisation coupled with the raw materials tailwinds has led to higher profitability and stronger return ratios," said Radico Khaitan in its earning statement. Total expenses increased 20.82 per cent to Rs 5,210.26 crore in the December quarter. Total income, which includes other income, was at Rs 5,426.44 crore, up 22.16 per cent. In the December quarter, Radico Khaitan's Total IMFL volume

Swelect Energy Systems rebrands, launches NUMERGY energy storage line

SWELECT Energy Systems Ltd on Wednesday unveiled a new brand logo and the tagline 'Powering the World Responsibly' as it seeks to strengthen its presence in solar, energy storage, and integrated energy solutions, a company official said. The Chennai-based company also announced the launch of its NUMERGY product portfolio, a comprehensive range of Battery Energy Storage Systems (BESS) designed to meet the growing demand for reliable power across residential and commercial applications. In a press release, SWELECT Energy Systems Ltd founder and vice chairman R Chellappan said, "Our new identity reflects how far we have come and where we are headed. From building dependable power solutions under Numeric to focusing on clean energy through SWELECT, our core values remain the same-reliability, responsibility, and trust." The new logo and tagline signal a clear strategic direction as the company expands its presence in solar, energy storage, and integrated energy solutions, the release ..

Lack of valuation comfort in Persistent Systems despite strong growth

In 9MFY26, in rupee terms, PSYS's revenue grew 23 per cent, adjusted operating profit grew 39 per cent and adjusted net profit grew 40 per cent Y-o-Y

Eternal Q3 FY26 profit jumps 73% as quick commerce fuels revenue surge

Eternal, the parent of Zomato and Blinkit, reported a sharp jump in December-quarter profit and revenue, driven by strong growth in quick commerce and improving operating leverage across businesses

Tata Communications names new MD, CEO-designate; Q3 profit up 54%

Tata Communications has appointed Ganesh Lakshminarayanan as MD&CEO-designate, even as the Tata Group firm reported a sharp rise in Dec-quarter profit on expanding margins and a healthy order book

Canara HSBC Life Q3 profit slips 6% to ₹27.7 crore

Canara HSBC Life Insurance Company on Wednesday reported a nearly 6 per cent drop in net profit at Rs 27.65 crore for the three months ended December 2025. The insurer had clocked a net profit of Rs 29.32 crore in the year-ago period. Total income of the firm promoted by Canara Bank rose to Rs 4,272.53 crore from Rs 1,540 crore in Q3 FY25, according to a regulatory filing to the stock exchanges. The company collected a net premium of Rs 2,867 crore in the quarter, up from Rs 2,005 crore a year ago. This is the second set of quarterly numbers announced by the company after making its stock market debut in October.

Vedanta creates ₹2,500 crore employee wealth through ESOPs over 5 years

Vedanta said its ESOP programmes have generated nearly ₹2,500 cr in employee wealth over five years, with the latest stock option grants expanding coverage to freshers and early-career professionals

Dr Reddy's Q3 PAT down 14% Y-o-Y on low Lenalidomide sales in US

Dr Reddy's Laboratories reported a sharp fall in December-quarter profit as declining Lenalidomide sales in the US weighed on earnings, even as India revenues and branded businesses remained resilient