Page 47 - Company News

Jio-BP sees 34% growth in petrol, diesel sales in July-September quarter

Jio-BP, the fuel retailing joint venture of Reliance Industries and super major BP, clocked a 34 per cent rise in petrol and diesel sales in the September quarter as the joint venture aggressively expands its retail network. Jio-BP clocked 1.8 million sales of petrol and diesel in July-September, 34 per cent more than a year ago, according to an investor presentation made by the company after the second quarter earnings announcement. Also, helping the firm were good margins. "So, if you look at the volume and the growth, petrol and diesel together, we have done about 1.8 million kilolitre. That is a 34 per cent growth. ATF, which is jet fuel, we have done about 157,000 kilolitres. This is definitely lower than last quarter but what is important to note is we are maintaining the share there," Srinivas Tuttagunta, COO - Refining & Marketing at Reliance Industries Limited, said on the investor call. The ATF sales were lower than last year on account of a reduction in air traffic due .

IDFC First Bank expects NIM to improve from Q3: MD & CEO V Vaidyanathan

V Vaidyanathan says the bank's net interest margins have likely bottomed out and will improve as CASA strengthens and cost of funds continues to fall

IDFC First Bank Q2 profit rises 76% on lower provisions; NIM narrows

Loan growth strong, microfinance stress eases, says CEO Vaidyanathan

UltraTech Cement Q2 net profit rises to ₹1,238 cr, revenue at ₹19,607 cr

UltraTech Cement, India's leading cement maker, on Saturday reported a consolidated net profit of Rs 1,237.98 crore in the September quarter of FY26. It had posted a net profit of Rs 707.96 crore in the July-September period a year ago, the Aditya Birla group flagship firm said in a regulatory filing. Revenue from operations was at Rs 19,606.93 crore in the latest second quarter ending September. It was Rs 16,294.42 crore a year earlier. The company said its results "for the three months and six months ended September 30, 2025 are not comparable with the previous corresponding period" due to acquisition of south-based India Cements Ltd, Wonder WallCare and Ras Al Khaimah, UAE-based RAKWCT. Moreover, the scheme for merger of cement business of Kesoram Industries with UltraTech and their respective shareholders and creditors was also effective from March 1, 2025. UltraTech's total income, which includes other income as well, was at Rs 19,781.07 crore in the September quarter. In th

RBL Bank's ₹26,853 crore deal with Emirates NBD marks record FDI in banking

The deal is the largest by a Middle Eastern bank in India, and comes months after Japan's Sumitomo Mitsui Banking Corporation's move to buy up to 25% of Yes Bank

ICICI Bank Q2 results: Profit up 5% at ₹12,359 cr aided by low provisions

Treasury income slumps due to rise in bond yields

Yes Bank Q2 net profit rises 18% to ₹654 cr on higher non-interest income

The provisions of the bank saw 47.5 per cent Y-o-Y rise to Rs 419 crore in the quarter

HDFC Bank Q2 FY26 results: Net profit jumps 11% to Rs 18,641 crore

HDFC Bank has set up its own factory for some of the emerging technologies, says MD Jagdishan

IndusInd Bank reports Rs 437 cr loss in Q2 due to higher MFI provisioning

Provisions and contingencies of the lender jumped 45 per cent Y-o-Y to Rs 2,631 crore

Federal Bank Q2 FY26 results: Net profit falls 9.6% to ₹955 crore

The bank to consider equity fund raise next week

PNB Q2 results: Net profit up 14% at ₹4,904 cr on improved asset quality

Punjab National Bank on Saturday reported 14 per cent rise in standalone net profit at Rs 4,904 crore for September quarter FY26. It had logged a profit of Rs 4,303 crore in the year-ago period, the state-owned lender said in a BSE filing. Operating profit in July-September was at Rs 7,227 crore and Rs 14,308 crore in April-September (H1) FY26, recording a growth of 5.46 per cent and 6.51 per cent, respectively on year-on-year basis. Total income in the second quarter was at Rs 36,214 crore and Rs 73,445 crore in H1FY26, clocking a YoY growth of 5.1 per cent and 10.3 per cent, respectively. Bank's net interest income (NII) increased to Rs 21,047 crore in H1FY26 from Rs 20,993 crore in H1FY25, showing an improvement of 0.26 per cent on year-on-year basis. Gross NPA ratio improved by 103 basis points to 3.45 per cent as on September 2025 from 4.48 per cent a year ago. Net NPA ratio improved by 10 basis points to 0.36 per cent from 0.46 per cent as on September 2024. The bank furthe

Yes Bank Q2 results: Net profit rises 18.3% to ₹654 crore on higher income

Yes Bank on Saturday reported 18.3 per cent rise in its September quarter net profit at Rs 654 crore on non-core income growth. The private sector lender had reported a net profit of Rs 553 crore in the year-ago period. The core net interest income rose 4.6 per cent on the back of 6.4 per cent growth in its loanbook and a 0.10 per cent expansion in the net interest margin. Managing director and chief executive Prashant Kumar said the bank will be aiming to accelerate the credit growth to 10 per cent for the fiscal. He added that the worst is over for the NIMs and the same will go up from here on. The other income for the bank rose by 16.9 per cent to Rs 1,644 crore during the quarter. The deposit growth came at 6.9 per cent in the July-September period. The operating expenses increased by just 0.6 per cent on-year to Rs 2,649 crore, and a senior official explained that it used levers like focus on more productivity, decreasing the reliance on direct sales agents to distribute ..

HDFC Bank Q2 results: Profit up 10% at ₹19,610 cr as asset quality improves

HDFC Bank on Saturday reported a 10 per cent jump in its consolidated net profit for September quarter at Rs 19,610.67 crore. On a standalone basis, the largest private sector lender's net rose 10.82 per cent to Rs 18,641.28 crore for the July-September period. The bank's overall income rose to Rs 91,040 crore as against Rs 85,499 crore in the year-ago period, and Rs 99,200 crore in the preceding June quarter. The gross non-performing assets ratio improved to 1.24 per cent as of September from 1.40 per cent three months ago and 1.36 per cent in the year-ago period. Overall provisions increased to Rs 3,500 crore from Rs 2,700 crore in the year-ago period, but was much lower than Rs 14,441 crore recorded in the previous quarter.

Dixon Technologies Q2 results: Net profit jumps 86% to ₹746 crore

Electronics manufacturing services firm Dixon Technologies has posted an 81 per cent jump in consolidated net profit to Rs 745.7 crore in the second quarter ended September 30, 2025, according to an exchange filing. The company had reported a net profit of Rs 411.7 crore in the same period a year ago. The revenue from operations of the company grew by 28.7 per cent to Rs 14,855 crore during the reported quarter from Rs 11,534 crore in the September 2024 quarter. The mobile devices manufacturing division of the company contributed 90 per cent of revenue during the reported quarter, while 6 per cent came from the consumer electronics and appliances division. The Nomination and Remuneration Committee of the company has approved the grant of 7,000 number of stock options to the employees of the Company, its Subsidiary company(ies) and Joint Venture Company(ies) from time to time in one or more tranches.

IHCL, Ambuja Neotia plan joint hospitality investments beyond Bengal

Leading hotel chain Indian Hotels Company Limited (IHCL) and Kolkata's Ambuja Neotia Group are exploring the possibility of expanding their strategic partnership beyond management contracts into joint investments in hospitality projects, senior executives from both companies said on Friday. The development marks a deepening of their existing relationship, with IHCL currently managing six of Ambuja Neotia's properties and another 7-8 in the pipeline across various locations. In July, IHCL had announced the signing of an additional 15 hotels with the group, slated for development over the next three years. IHCL Managing Director and Chief Executive Officer Puneet Chhatwal said the company is looking at joint investment opportunities with Ambuja Neotia Group. He noted that while the group's preference has traditionally been West Bengal, it is now showing readiness to explore projects in neighbouring regions. He added that IHCL has several projects available for collaboration if the grou

Akasa Air to boost domestic, international flights; Delhi becomes 3rd base

Three-year-old airline Akasa Air on Friday said it will be increasing services on domestic and international routes, including the introduction of non-stop services to Abu Dhabi from Cochin and Chennai. Delhi will be the airline's third operational base after Bengaluru and Chennai, and the airline will operate over 165 weekly departures from the national capital. Besides Delhi, the carrier will be enhancing services from Kolkata. "The airline will further expand its footprint across the Middle East with a 14 per cent increase in departures from Abu Dhabi, introducing non-stop flights connecting Abu Dhabi to Cochin and Chennai...and strengthening its codeshare partnership with Etihad Airways. "Departures from Jeddah will increase to 26 weekly flights, an around 270 per cent increase from Winter 2024, while frequency to Riyadh will be ramped up to 5x weekly," it said in a release. With a fleet of 30 Boeing 737 MAX planes, Akasa Air currently connects 24 domestic and 6 international

REC Q2 results: Net profit rises 9% to ₹4,414 crore on higher income

State-owned REC Ltd on Friday posted an over 9 per cent year-on-year increase in net profit to Rs 4,414.93 crore in September quarter, on higher income. It had clocked a net profit of Rs 4,037.72 crore in the second quarter of preceding 2024-25 financial year, REC Ltd said in an exchange filing. In the latest July-September period, the company registered a 10.62 per cent rise in total revenues to Rs 15,162.38 crore from Rs 13,706.31 crore in the year-ago period. Interest income rose to Rs 14,589.97 crore from Rs 13,484.82 crore in Q2 FY25. REC, under the Ministry of Power, is a Non-Banking Finance Company (NBFC), which provides long-term loans and other financing products to states, Centre and private companies for creation of infrastructure assets in the country.

Ceat Q2 results: Profit surges 52% on Camso integration, volume growth

RPG Group-owned Ceat reports strong double-digit growth in Q2FY26 as Camso integration, festive demand, and robust OEM volumes drive profits and revenue

India Cements logs profit of ₹8.81 cr in Q2; plans ₹2,014 cr on expansion

India Cements Ltd (ICL), now part of the Aditya Birla Group firm, on Friday reported a consolidated net profit of Rs 8.81 crore in the September quarter of FY26. The board of ICL has approved an investment of Rs 2,014 crore, which includes a capex of Rs 1,574 crore for modernisation and Rs 440 crore for capacity enhancement. The company had reported a net loss of Rs 339.13 crore in the July-September period a year ago, according to a BSE filing from ICL, now a subsidiary of UltraTech Cement. Its revenue from operations was up 9.31 per cent to Rs 1,117.04 crore in the September quarter of FY26. This was at Rs 1,021.84 crore in the corresponding quarter last fiscal. Total expenses of ICL were at Rs 1,135.64 crore, down 13.5 per cent year-on-year. In Q2, ICL domestic sales volume of 2.44 million tonnes was up 11.9 per cent on q-o-q basis. Its average capacity utilisation was at 65 per cent for the quarter, the company said in its post result presentations. However, total income of I

Jio Platforms Q2 net profit jumps 13% to ₹7,379 crore on higher ARPU

Jio Platforms on Friday reported a 12.8 per cent year-on-year rise in its consolidated net profit to Rs 7,379 crore for the July-September quarter of 2025-26, driven by a rise in average revenue per user and higher traction in fixed wireless access service, JioAirFiber. The revenue from operations of Jio Platforms, which houses Reliance Industries' telecom and digital businesses, rose 14.6 per cent to Rs 36,332 crore in the September quarter compared to Rs 31,709 crore in the year-ago period. The gross revenue stood at Rs 42,652 crore in the second quarter of FY25, 14.9 per cent higher than the corresponding period of the previous year. ARPU - a key metric for telcos - increased by 8.4 per cent to Rs 211.4 during the reported quarter from Rs 195.1 a year ago. Jio added over 10 lakh new homes each month, taking the total connected premises to about 2.3 crore with fixed broadband. JioAirFiber reported a subscriber base of 95 lakh, with the speed of connecting over 10 lakh new homes .