Page 4 - Company News

India's long-term growth remains intact despite near-term hurdles: HUL

HUL Chairman Nitin Paranjpe says strong domestic demand, structural reforms and digital transformation continue to underpin India's long-term growth prospects

Adani firms report record $16 bn capex, all-time high Ebitda in FY26

Adani group companies reported a record capital expenditure of Rs 1.53 lakh crore (USD 16.1 billion) and an all-time high EBITDA of Rs 94,834 crore (USD 10 billion) in the 2025-26 fiscal year, underscoring an accelerating infrastructure expansion cycle while maintaining leverage below its stated target. The investment programme -- the largest annual capex undertaken by an Indian corporate group -- lifted the portfolio's gross asset base to Rs 7.85 lakh crore (USD 82.8 billion), with nearly 80 per cent of spending directed towards energy, utilities, transport, and logistics businesses. Consolidated EBITDA rose 5.6 per cent year-on-year, according to the group's annual results and credit compendium released on Tuesday. Nearly 80 per cent of FY26 investments were directed toward core infrastructure businesses, including energy, utilities, transport, and logistics, underscoring the group's continued focus on sectors linked to India's infrastructure build-out. The investment cycle comes

Data centre execution, exports revival key triggers for Cummins India

FY26 revenue grew 18 per cent Y-o-Y to ₹12,140 crore. Gross margins, which contracted in Q4, were up 60 basis points Y-o-Y to 36.8 per cent in FY26

Globe International Q4FY26 profit more than doubles to ₹11.6 crore

Cargo transportation and logistics solutions provider Globe International Carriers Ltd on Saturday said its net profit zoomed over twofold to Rs 11.62 crore in 2025-26 following steady revenue growth and improved operational performance. The company's revenue from operations rose by 11.7 per cent to Rs 174.92 crore in FY26 compared to Rs 156.65 crore in FY25, a statement said. The group's focus on efficiency, execution and business diversification helped deliver resilient results despite a dynamic operating environment, Subhash Agrawal, Managing Director, Globe International Carriers said. In FY26, the group entered the hospitality sector through its subsidiary, Govind Kripa Infratech, which entered into an agreement with OPO Hotels & Resorts to operate and manage a 56-room upscale hotel in Jaipur. The company also launched the first phase of its proprietary AI-driven Smart Procurement & Vehicle Placement Interface, leveraging a WhatsApp-based chatbot ecosystem to automate ...

Patanjali Foods Q4FY26 result: Profit jumps 46% to ₹524 cr; income up 17%

Patanjali Foods Ltd on Saturday reported a 46 per cent increase in its consolidated net profit to Rs 523.97 crore for the quarter ended March on higher income from sale of cooking oils and other food items. Its net profit stood at Rs 358.51 crore in the year-ago period. Total income rose to Rs 11,212.17 crore during the January-March period of 2025-26 fiscal from Rs 9,564.47 crore in the corresponding period of the preceding year, according to a regulatory filing. During 2025-26 fiscal, the company's net profit grew to Rs 1,814.47 crore from Rs 1,300.70 crore in the preceding year. Total income climbed to Rs 40,347.78 crore last fiscal from Rs 33,890.68 crore in the 2024-25 financial year. Incorporated in 1986, Patanjali Foods Limited is one of the leading edible oil companies in the country. The company operates in the Edible Oils, FMCG, and Wind Power Generation segments. It sells products under different brands like Patanjali, Ruchi Gold, Nutrela, Dant Kanti, Mahakosh, Sunrich,

Co-founders of Policybazaar parent PB Fintech sell 0.82% stake for ₹665 cr

These investors bought a total of 38 lakh equity shares, representing a 0.82 per cent stake in PB Fintech, at an average price of ₹1,751 apiece

Ireda Q4FY6 profit slips 1.8% to ₹493 crore; declares ₹1.35 dividend

State-owned IREDA has posted a marginal 1.77 per cent decline in net profit to Rs 492.63 crore during the March quarter on account of higher expenses. The company had reported a net profit of Rs 501.55 crore in the same quarter a year ago, the company said in an exchange filing on Friday. During January-March, the company's total income rose to Rs 2,181.28 crore from Rs 1,915 crore in the fourth quarter of the preceding 2024-25 financial year. Expenses increased to Rs 1,562.14 crore from Rs 1,285.91 crore in the last quarter of FY25. For the entire FY26, IREDA posted a net profit of Rs 1,874 crore, up from Rs 1,698 crore in 2024-25. Annual income also rose to Rs 8,338.89 crore from Rs 6,755.69 crore in FY25. In a separate statement, the company said it has "posted the highest ever annual profit." The Board of Directors recommended a final dividend of Rs 0.75 per equity share for the financial year 2025-26, subject to approval of shareholders in the ensuing Annual General Meeting

Q4 results: Patanjali, EaseMyTrip, Gujarat Gas, and 642 more on May 30

Some other firms that will announce their results today include Jindal Poly Films, DP Wires, Sarveshwar Foods, Balu Forge Industries, Panacea Biotec, and Jaibalaji Industries

Asian Paints Q4 results: Net profit rises 69% to ₹1,172 cr on strong demand

Consolidated net profit rose 69 per cent to ₹1,172 crore ($123.1 million) for the ​quarter ended March 31, topping ‌analysts' ​expectations of ‌₹1,116 crore

RIL to seek nod for ₹16.64 trillion transactions tied to JPL, Jio

Reliance Industries will seek shareholders' nod for approval of internal transactions of over Rs 16.64 lakh crore spread over the next five fiscal years involving digital services subsidiaries Jio Platforms and Reliance Jio Infocomm, according to the notice for the 49th AGM filed by the company on Friday. The meeting is scheduled to be held on June 19, 2026. The biggest pie of over Rs 13 lakh crore in the overall transaction will go to Reliance Jio from Reliance Retail in lieu of telecom services sold through its retail network. "The monetary value for transactions... for FY 2027-28 is estimated to be Rs 2,20,000 crore; and... in each of the subsequent financial years from FY 2028-29 to FY 2031-32 is estimated to be up to Rs 2,80,000 crore" for sale of Reliance Jio's recharge vouchers, Jio Fibre etc by Reliance Retail. The total estimate includes a payment of Rs 76,800 crore by Reliance Jio to RIL for roll out of its telecom network on EPC (engineering, procurement, and constructio

PhysicsWallah eyes 30% revenue improvement in FY27: Cofounder Prateek Boob

Prateek Boob, co-founder, in an interview with Udisha Srivastav, spoke about the company's FY27 priorities, narrowing losses, AI-driven efficiencies, and plans to build a personalised AI tutor

Despite uncertainties, we will stick to Saudi investment plans: Hinduja

On course to start a new 5,000 capacity plant in Saudi Arabia, says Dheeraj Hinduja, chairman, Ashok Leyland

Rourkela steel plant signs deal with GAIL for uninterrupted PNG supply

The SAIL-owned plant has partnered with GAIL to secure alternative fuel supplies amid propane shortages linked to the West Asia crisis

GMR Airports Q4 FY26 result: Net profit at ₹400, revenue rises 36%

GMR Airports Ltd (GAL) has swung into the black, posting a profit of Rs 400.49 crore in the three months ended March this year. The airports operator had incurred a loss of Rs 252.66 crore in the year-ago period. In the fourth quarter of 2025-26 financial year, total income climbed to Rs 4,042.90 crore from Rs 2,976.76 crore in the same period a year ago, according to a regulatory filing. The company, which operates airports at Delhi, Hyderabad and other cities, also posted a profit of Rs 472 crore for the fiscal ended March 2026 -- the first time it has recorded full-year profitability in more than a decade. In the last financial year, the company's total income jumped to Rs 15,200.75 crore from Rs 10,835.89 crore in the year-ago period, as per the regulatory filing on Wednesday. "PAT (Profit After Tax) of Rs 472 crore reported in FY26, the first positive PAT in over a decade," it said. GAL-owned airports handled 31.7 million passengers in the March quarter and record 121.6 mill

Biocon's next chapter: A leadership team built for the next decade

The team put together by the firm's founder may be just what the next decade demands

Red Balloon Aerospace launches India's 1st domestic super-pressure platform

Founded in 2025, Red Balloon Aerospace achieved operational commercial flight in just eight months, marking one of the fastest development timelines in the global near-space sector

Fintechs seek 'safe harbour' provision as regulatory waters turn choppy

The fintech and payments industry is preparing a proposal for RBI seeking safe harbour provisions to protect compliant licensed entities from liabilities and retrospective regulatory action

From hyperloop to orbit: The IIT alumni who want to see through clouds

GalaxEye founder Suyash Singh and his co-founders spent five years building Drishti, a satellite that sees through clouds even at night, and which was launched earlier this month on a SpaceX rocket

ONGC Q4 results: Net profit rises 3% to ₹6,650 cr, revenue up marginally

State-owned Oil and Natural Gas Corporation (ONGC) on Tuesday reported a 3 per cent rise in March quarter profit to Rs 6,649.97 crore as higher oil and gas prices helped negate a drop in output. Net profit of Rs 6,649.97 crore in January-March -- the fourth quarter of 2025-26 fiscal year -- compared with Rs 6,448.28 crore earnings in the corresponding period of the previous year and Rs 8,371.85 crore in the preceding three months, according to a stock exchange filing by the company. Revenue from operations rose marginally to Rs 35,928.18 crore during the quarter from Rs 34,982.23 crore in Q4 of FY25. For the full fiscal year, ONGC reported a net profit of Rs 32,894.02 crore, down 7.6 per cent from Rs 35,610.32 crore of 2024-25 fiscal year. ONGC wrote off Rs 4,876.75 crore in exploration well cost during the quarter under review after the wells drilled did not yield any commercial hydrocarbon discoveries. This compared with Rs 4,173.04-crore write-off in the corresponding quarter of

Tata Sons board takes close look at new-age businesses; next meet June 12

No talk on Chandra's term or listing at meeting called on Noel's behest