Page 38 - Company News

TBZ posts two-fold jump in Q3 profit to ₹81 crore; income up by 15%

Tribhovandas Bhimji Zaveri Ltd (TBZ) on Tuesday posted more than two-fold jump in consolidated net profit to Rs 80.63 crore for third quarter of 2025-26 fiscal on strong sales. Net profit stood at Rs 29.87 crore in the same quarter previous fiscal, according to a regulatory filing. Total income rose 14.51 per cent to Rs 1,063.47 crore during October-December FY26 compared with Rs 928.66 crore a year ago. Expenses remained higher at Rs 954.97 crore as against Rs 887.07 crore. "During the quarter, we delivered healthy revenue growth. Profitability expanded at a meaningfully faster pace, supported by stronger gross margins and improved operating leverage," TBZ Chairman and Managing Director Srikant Zaveri said. In a period of elevated gold prices, the company's focus has been consistent: convert demand into profitable growth through disciplined execution, tighter cost management, and sharper margin focus, he said. "As we look ahead, we aim to keep growing steadily, convert scale int

Suryoday SFB enters gold loan segment to scale secured lending portfolio

Suryoday Small Finance Bank has entered the gold loan segment, starting with Maharashtra

AU Small Finance Bank Q3 results: Net profit jumps 26% to ₹668 crore

AU Small Finance Bank Ltd on Tuesday reported a 26 per cent jump in profit after tax to Rs 668 crore for the third quarter ended December 2025. The Jaipur-based bank had posted a profit after tax of Rs 528 crore in the corresponding period last year. The total income of the bank rose 16 per cent to Rs 3,065 crore during the quarter under review from Rs 2,641 crore in the same period of last year, AU Small Finance Bank said in a regulatory filing. The bank's net interest income also grew 16 per cent to Rs 2,341 crore in the quarter from Rs 2,023 crore in the third quarter of the previous fiscal (FY25). On the asset quality front, the gross Non-Performing Assets (NPAs) remained unchanged at 2.3 per cent at the end of December 2025 from the year earlier. Shares of the bank settled 1.95 per cent lower at Rs 1,000.8 on the BSE.

AI startup Emergent raises $70 million in SoftBank, Khosla-led round

The firm has raised $100 million in seven months, with over 5 million users creating and shipping products in more than 190 countries

Persistent Systems Q3 results: Net profit rises 17.8% to ₹439 crore

Persistent Systems reported a 17.8% year-on-year rise in Q3 FY26 net profit to Rs 439.4 crore, while revenue grew 23.4%, aided by steady demand and strong deal wins

Sunteck Realty buys two-acre Andheri East land with ₹2,500 crore GDV

The company recently announced plans to launch the first phase of its ₹3,000 crore ultra-luxury residential project in Mumbai's Goregaon West, with the initial phase carrying a GDV of ₹1,250 crore

Whizzo raises $15 mn in Series A round to scale technical textiles platform

Fundamentum-led Series A backs materials-science research, in-house IP and expansion of an Asia-wide manufacturing network

J-K Bank reports 11% growth in Q3 net profit to ₹589 crore, gross NPA at 3%

Jammu & Kashmir Bank on Tuesday reported a 11 per cent growth in net profit at Rs 589 crore for the third quarter ended December 31, 2025. The bank had a net profit of Rs 531 crore in the October-December period of last fiscal. Total income rose to Rs 3,593 crore during Q3 of FY26, from Rs 3,448 crore in the corresponding quarter of FY25, J&K Bank said in a regulatory filing. The bank's gross non-performing assets (NPA) stood at 3 per cent of gross loans in the December quarter of FY26, compared to 4.08 per cent in the year-ago period. Shares of Jammu & Kashmir Bank closed at Rs 98.90, down 3.75 per cent over previous close on BSE.

Hindustan Zinc Q3 results: Profit surges 46% on silver-led revenue boost

Record revenue, five-year low cost of production and rally in silver prices lift earnings to all-time high

Next round of tariff hikes likely after Jio IPO; analysts expect 15% rise

Delay in hikes due to organic increase in market leader Jio's ARPU

NCLAT upholds resolution plan of Adani Power for Vidarbha Industries

NCLAT upholds Adani Power's ₹4,000 crore resolution plan for Vidarbha Industries Power, rejecting challenges on CIRP timeline and operational creditor payouts under the IBC

Leadership continuity positive for ICICI Bank as provisions weigh on profit

Reversal of provisioning is also expected to support the stock going ahead

Sun Pharma terms $10 billion Organon acquisition reports 'speculative'

Sun Pharmaceutical said reports of a $10 billion acquisition of US-based Organon are speculative, adding there is no material information requiring disclosure to exchanges

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