Page 5 - Company News

Grasim Q1 results: Profit jumps 39% to ₹3,846 cr, operating revenue up 21%

Grasim Industries Ltd on Wednesday reported 38.8 per cent rise in consolidated net profit at Rs 3,846.28 crore for June quarter FY27 driven by stronger operating performance across businesses. It had posted a net profit of Rs 2,770.63 crore for April-June FY26, according to a regulatory filing by Grasim Industries, a holding firm for Aditya Birla group companies such as UltraTech, Aditya Birla Capital and Aditya Birla Renewables. Revenue from operations of Grasim Industries was up 21.43 per cent to Rs 48,716.20 crore in June quarter FY27. Revenue growth was "driven by strong all-round performance across its diversified business portfolio. EBITDA was the highest-ever at Rs 8,077 crore, up 26 per cent YoY, driven by revenue-led growth and cost efficiencies across businesses," said Grasim in its earnings statement. Total expenses were 19.62 per cent higher in the June quarter to Rs 43,851.12 crore. Grasim's revenue from its Cellulosic Fibre business was up 12 per cent to Rs 4,530.25

Horizon Industrial Parks' ₹2,600 cr IPO to open Aug 17 at ₹57-60 price band

Blackstone-backed Horizon Industrial Parks Ltd will open its Rs 2,600 crore Initial Public Offering (IPO) for subscription on August 17, with the price band fixed at Rs 57-60 per share. At the upper price band, the IPO implies a post-issue market capitalisation of around Rs 17,298 crore. The three-day public issue will close on August 19, and anchor investor bidding will take place on August 14, according to a public announcement. The issue comprises entirely a fresh issue of equity shares aggregating up to Rs 2,600 crore, with no Offer For Sale (OFS) component. Of the IPO proceeds, the company plans to use Rs 2,250 crore to repay borrowings and the rest for general corporate purposes. As of March 2026, the firm had total borrowings of Rs 6,884 crore. Blackstone holds around 89 per cent stake in the company, as per the Red Herring Prospectus (RHP). Asheesh Mohta, Head of Real Estate India at Blackstone, said this also marks Blackstone's 15th IPO in the country, and 7th real esta

Vijay Singh steps down as vice-chairman of Sir Ratan Tata Trust

Tata Trusts vice-chairman Vijay Singh has stepped down as a trustee of Sir Ratan Tata Trust (SRTT) and has decided not to seek a renewal when his current term expires on August 14, people familiar with the matter said. Singh, a former defence secretary, will continue as a trustee of the Sir Dorabji Tata Trust (SDTT), the people said. Comments from Singh and Tata Trusts could not immediately be obtained. The development comes amid differences among SRTT trustees, with the trust barred by the Maharashtra State Charity Commissioner from holding meetings of its board pending an inquiry into alleged violations of norms governing the composition of its board. SRTT has approached the Charity Commissioner seeking removal of the restriction, citing its potential impact on the Trust's participation in Tata Sons' annual general meeting on August 18, sources said. The Tata Sons AGM assumes significance as it will consider a resolution on the reappointment of N Chandrasekaran as a director. Hi

Flipkart deepens Tamil Nadu partnership, expands digital commerce, tech

Flipkart on Tuesday said it is deepening its partnership with the Tamil Nadu government as the e-commerce major expands its digital commerce, technology infrastructure and supply-chain operations in the state, connecting manufacturing clusters and small businesses with customers across India. The company said nearly 70,000 sellers from Tamil Nadu are using its platform to access customers nationwide, with businesses ranging from Tiruppur's knitwear cluster and textile hubs in Erode and Salem to Kancheepuram's silk weavers and artisan communities in Thanjavur. Flipkart said its seller, supply-chain, technology and service ecosystem supports more than 1.3 lakh direct and indirect jobs across Tamil Nadu. Its supply-chain footprint in the state has expanded to more than 25 lakh square feet, helping businesses reach customers faster and strengthening infrastructure supporting digital commerce, the company said. Flipkart's dedicated seller growth teams in Tiruppur, Erode, Salem, and Chen

Vietnam's VinSpace inks deal with SpaceX to launch first satellites in 2027

Vietnamese aerospace company VinSpace said Tuesday it has signed a contract with SpaceX to send its first satellites into orbit aboard a SpaceX rideshare mission in 2027, as the Southeast Asian nation moves to develop its nascent space industry. VinSpace will launch its satellites on a SpaceX Transporter rideshare mission run by Elon Musk's company, which carries satellites from multiple customers on a single rocket to share launch costs, it said in a statement. The satellites, which VinSpace said it will develop and operate, will test the company's technology in orbit and support future commercial applications. VinSpace is part of Vietnam's Vingroup conglomerate and was established in November 2025. The company said in April that it planned to develop and launch its first satellites in 2027. Founded by tycoon Pham Nhat Vuong, Vingroup is Vietnam's largest privately owned company. It has a sprawling business empire that touches many aspects of daily life, from real estate and retai

Medium-term growth outlook remains healthy for Bharat Forge stock

Brokerages expect growth to strengthen in the second half of FY27, supported by defence order execution, recovery in Class-8 truck demand and domestic CV momentum

Naukri, 99acres power Info Edge growth as Q1FY27 operating margins improve

Recruitment billings rose 17.5 per cent year-on-year, while 99acres moved close to breakeven as competitive intensity eased and billings grew 16.5 per cent

TVS SCS bets big on India growth, eyes around ₹17K cr revenue by FY30

The company expects India's share of its business to rise from the current 30 per cent to 40 per cent over four years, supporting double-digit revenue growth

TCS flags alleged employee data exposure, says customer systems unaffected

TCS said the information referenced appeared to be more than four years old and limited to basic employee information, with no indication that customer data was impacted

Bosch Q1 result: Net profit declines 36.8% to ₹704.9 cr on high base effect

Technology and services company Bosch Ltd on Monday reported a 36.8 per cent decline in consolidated net profit to Rs 704.9 crore in the first quarter ended June 30, impacted by a high base effect. The company had posted a consolidated net profit of Rs 1,115.3 crore in the corresponding quarter of the last fiscal, Bosch Ltd said in a regulatory filing. In the first quarter of the last fiscal, the company had recognised a total gain of Rs 556 crore on sale of its video solutions, access and intrusion, and communication systems business, it added. Its consolidated revenue from operations in the first quarter stood at Rs 5,841.9 crore against Rs 4,788.6 crore in the same period a year ago, the company said. Total expenses in the quarter under review were higher at Rs 5,125.8 crore compared to Rs 4,238.8 crore in the year-ago period, it added. "Our business performance in the first quarter is driven by sustained demand across segments, particularly in passenger cars and commercial ...

Wockhardt Q1 results: Revenue rises 26% to ₹929 cr, profit at ₹107 cr

Pharmaceuticals firm Wockhardt Ltd on Monday reported a consolidated profit after tax of Rs 107 crore for the first quarter ended June 30, mainly due to strong revenue growth. The company had posted a consolidated net loss of Rs 108 crore in the corresponding period of the last fiscal, Wockhardt Ltd said in a regulatory filing. Its consolidated revenue from operations in the first quarter stood at Rs 929 crore against Rs 738 crore a year ago, it added. Total expenses in the quarter under review were higher at Rs 844 crore compared to Rs 770 crore in the year-ago period, it said.

NHPC targets ₹15K cr capex in FY27 amid expansion of hydro project pipeline

The state-owned hydropower major has over 10 GW of capacity under clearance and 17.9 GW of pumped storage projects at various stages of implementation

Leela Palaces to invest up to ₹185 crore in subisdiary Buildminds

Leela Palaces Hotels & Resorts on Monday said it proposes to invest up to Rs 185 crore in its subsidiary Buildminds Real Estate Private Limited to meet the capital requirements for the construction of an upcoming 5-star hotel in Ayodhya. The investment in Buildminds will be made through subscription to Compulsorily Convertible Preference Shares (CCPS) in one or more tranches over one or more years, the company said in a regulatory filing. "Buildminds is engaged in the development of our upcoming 5-star hotel at Ayodhya. The proposed investment forms part of the company's overall commitment to fund the capital requirements of Buildminds and is intended to support its ongoing business operations, project development activities and long-term growth plans. "The investment shall be made in one or more tranches, depending upon the funding requirements. Being an investment in an existing subsidiary, this will not result in any change in the management control or any economic interest in .

JSW Steel crude steel output rises 3% to 24.02 million tonnes in July

JSW Steel on Monday reported a three per cent rise in consolidated crude steel production to 24.02 lakh tonnes in July. The company's crude steel output stood at 23.27 lakh tonnes (LT) in the corresponding month last year. The production from the company's Indian operations increased by four per cent to 23.39 LT, compared to 22.55 LT in July 2025. Meanwhile, output from JSW Steel USA's Ohio facility dropped by 13 per cent to 0.63 lakh tonnes, against 0.72 lakh tonnes a year ago. "The capacity utilisation for Indian operations for the month was at 87 per cent. BF3 of Vijayanagar is ramping up well post re-start from 23 June 2026, and currently operating at above 80 per cent of its rated capacity," the company said in a filing to BSE. JSW Steel is the flagship business of the USD 25-billion JSW Group. The diversified conglomerate's operations span energy, infrastructure, cement, paints, realty, mobility and defence sectors. Over the last three decades, JSW Steel has grown from a s

Zee Entertainment Q1 net profit falls 48% to ₹74.3 cr, revenue up 4.8%

Zee's total expenses grew 12.8 per cent to Rs 1,864.4 crore in the June quarter. It was Rs 1,652.7 crore in the first quarter of FY27.

Hindustan Copper Q1 results: Net profit rises 162.4% to ₹352 crore

State-owned Hindustan Copper Ltd on Monday reported a 162.4 per cent surge in consolidated net profit at Rs 352.37 crore for the quarter ended June 30, 2026, on the back of higher revenues. The company had posted a consolidated net profit of Rs 134.25 crore in the year-ago period, Hindustan Copper said in a filing to the BSE. The revenue from operations during April-June quarter rose 81.3 per cent to Rs 936.50 crore over Rs 516.37 crore in the year-ago period, the filing said. The total expenses during the first quarter increased to Rs 481.83 crore over Rs 347.29 crore in the corresponding quarter of the previous fiscal, the filing said. Hindustan Copper Limited (HCL), is a Mini-Ratna Central Public Sector Enterprise under the mines ministry. It is the only company in India which is engaged in copper ore mining and holds all the operating mining leases for copper ore in the country. The company's current focus lies on exploration, mining, and beneficiation of copper ore to produce

DBS Bank India sanctions ₹520 crore construction finance to K Raheja Corp

The facility will finance a 1.1 million sq ft Grade A commercial tower in Pune's Balewadi, amid strong office leasing demand and growth in the city's business districts

AstraZeneca Pharma India Q1 results: Profit drops 32% to ₹37.93 crore

AstraZeneca Pharma India Ltd on Monday reported a 32 per cent decline in profit after tax at Rs 37.93 crore in the June quarter, impacted by higher expenses. The company had posted a profit after tax of Rs 55.83 crore in the corresponding quarter last fiscal year, AstraZeneca Pharma India Ltd (AZPIL) said in a regulatory filing. Revenue from operations in the first quarter stood at Rs 682.79 crore as against Rs 526.31 crore in the corresponding period a year ago, it added. Total expenses during the quarter were higher at Rs 641.03 crore as compared to Rs 462.49 crore in the year-ago period, the company said. During the quarter, the company said it strengthened its portfolio through key regulatory approvals, expanded scientific engagement through targeted capability-building initiatives and advanced strategic partnerships that support earlier diagnosis and broader access. "The growth and momentum in the first quarter reflects the strength of our portfolio and focus on expanding acc

Premiumisation to bolster retail portfolio: Senior DLF executive

DLF expects its retail portfolio to sustain healthy growth as premiumisation lifts footfalls, consumption rises 11-12 per cent and new mall projects support rental income

Delhivery rejigs top leadership: Vani Venkatesh elevated, Ajith Pai to exit

Pai, a founding member of Delhivery, has served as CFO and later as COO. His responsibilities have been transitioned to the company's new executive operations leadership