Page 5 - Company News

Sun Pharma's Unloxcyt posts 50% response rate in skin cancer study

Updated data from the CK-301-101 trial showed durable responses and manageable safety profile in patients with locally advanced cutaneous squamous cell carcinoma

Govt approves Skymap Pharma's ₹121 crore bid for IMPCL stake sale

The Centre approved Skymap Pharmaceuticals' Rs 121 crore bid for the strategic sale of its stake in Indian Medicines Pharmaceutical Corporation Ltd

Tata Sons board to meet on Tuesday; discussions on loss-making firms likely

The board of Tata Sons will meet on Tuesday, and discussions on the diversified group's loss-making companies are likely to come up, sources said on Monday. However, sources made it clear that any discussion on Tata Sons chairman N Chandrasekaran's reappointment is unlikely at the board meeting, which comes amid rising frictions within the group. Individual companies, especially those currently loss-making, are likely to make a presentation on the state of their business and the way ahead, a source said. Chandrasekaran and Tata Trusts chairman Noel Tata, who is a nominee director on the Tata Sons board, are understood to have met over the weekend to discuss the same matter on the performance of the companies. In FY25, Tata group's unlisted businesses posted a loss of Rs 10,905 crore, which is likely to go up to Rs 29,000 crore, according to reports. It can be noted that the Tata group, which includes the Tata Trusts owning two-thirds of Tata Sons, the holding company of the group,

Pine Labs' Q4 profit at ₹59.36 cr, revenue rises 17% to ₹700.51 crore

The rise in net profit came at a time when the Gurugram-headquartered company's revenue from operations rose 17 per cent to ₹700.51 crore in Q4 FY26, up from ₹598.64 crore in Q4 FY25

Suzlon Q4 FY26 profit slips 5.6% to ₹1,114 crore; revenue jumps 45%

Suzlon Energy on Monday reported a 5.6 per cent dip in its consolidated net profit to Rs 1,114 crore in the March quarter of FY26, mainly due to lesser benefit of deferred tax credit. The consolidated net profit stood at Rs 1,181 crore in the quarter ended March 2025, Suzlon Energy said in a statement. The company got a deferred tax benefit of Rs 284.32 crore in the reporting quarter, lower than the Rs 600.75 crore received during the same period a year ago. However, revenue from operations rose to Rs 5,468 crore in the latest fourth quarter from Rs 3,774 crore in the same period a year ago. During the full fiscal 2025-26, the consolidated net profit rose to Rs 3,163 crore from Rs 2,072 crore a year ago. Revenue from operations also increased to Rs 16,679 crore in FY26 from Rs 10,851 crore a year ago. Girish Tanti, Vice Chairman, Suzlon Group, said in the statement that the company's flagship S144 platform has already achieved 9GW of cumulative order intake, and the WTG business

Swiggy's IOCC setback may delay Instamart's next expansion phase

Swiggy told stock exchanges it had failed to win the shareholder approval needed to amend its Articles of Association, a key step in its efforts to qualify as an IOCC

Gail Q4 FY26 result: Net profit drops 38% to ₹1,262 cr; revenue down 2.5%

GAIL's revenue from operations fell 2.5 per cent to 347.97 billion rupees

Nykaa Q4FY26 profit jumps more than 300% to ₹79 cr, revenue up 28.4%

Cumulative revenue crossed the $1 billion milestone in the last financial year while, sequentially, net profit grew 16.25 per cent

Maruti Suzuki to hike prices across models by up to ₹30,000 from June

In a regulatory filing, the company said the price revision would come into effect from June 2026, adding that the exact increase would differ across models

LIC Q4 profit up 23% at ₹23,420 cr; board recommends ₹10 per share dividend

Life Insurance Corporation of India (LIC) on Thursday posted a 23 per cent increase in net profit to Rs 23,420 crore in the March quarter. The country's biggest insurer had earned a profit of Rs 19,013 crore in the corresponding quarter a year earlier. The total income of the insurer during the reporting quarter rose to Rs 2,53,592 crore from Rs 2,22,805 crore in the same period of the preceding fiscal year, LIC said in a regulatory filing. LIC's income from first-year premium also improved to Rs 12,970 crore in the latest January-March quarter against Rs 11,069 crore in the same period of the preceding fiscal year. Income from renewal premiums in the reporting period increased to Rs 81,933 crore compared to Rs 79,138 crore a year ago. During the entire financial year ended March 2026, the insurer earned a profit of Rs 57,419 crore as compared to Rs 48,151 crore in the previous fiscal year, registering a growth of 19 per cent. Total income during the financial year rose to Rs 9,7

ITC Q4 FY26 result: Profit rises 2% to ₹6,692 crore; revenue up 17%

The company, which makes Gold Flake cigarettes, reported profit rose 2 per cent to 66.92 billion rupees ($695.63 million) in the March quarte

Nykaa Q4FY26 result: Net profit jumps fourfold to ₹78 cr; revenue rises 28%

Nykaa ‌is sharpening its push for profitability by doubling down on its core beauty business and expanding its offline reach as it seeks to tap India's $28 billion beauty market

Quick commerce firm Zepto plans ₹11,000-crore IPO in July: Report

Quick commerce platform Zepto plans to launch its Rs 11,000-crore initial public offering (IPO) in July, people familiar with the matter said on Thursday. If the listing goes through, Zepto will join rivals Zomato and Swiggy, which are already listed on stock exchanges. The Bengaluru-based startup, which secured approval from the Securities and Exchange Board of India (Sebi) earlier this month for its maiden public issue, is now expected to submit its Updated Draft Red Herring Prospectus (UDRHP) to the regulator. The delivery app filed its IPO papers using the confidential route in December 2025. People familiar with the matter told PTI that Zepto, founded by Stanford University dropouts Aadit Palicha and Kaivalya Vohra, is aiming to list on the bourses before July 31. According to a recent report by brokerage Bernstein, Zepto is pursuing a markedly different growth strategy from its rivals by focusing on market density and operational intensity rather than rapid geographic ...

Ola Electric Q4 FY26 loss narrows 43% to ₹500 crore; revenue falls 57%

The company posted a net loss of 5 billion ​rupees ($51.65 million) in the January-March ‌quarter, ​compared to ‌a loss of 8.7 ‌billion rupees a ‌year earlier

Jubilant FoodWorks Q4 FY26 profit up 66% to ₹824 crore; revenue rises 19%

The operator of Domino's Pizza and Popeyes restaurants in India, posted a profit ​of 797.9 million rupees for ‌the quarter ​ended March ‌31, up from 480 ‌million rupees a ‌year earlier

Nephrocare Health Services profit up 75% in FY26 on strong dialysis demand

NephroPlus posted a 74.6% jump in FY26 profit as higher dialysis volumes and rapid international expansion boosted revenue and margins

Hindalco's arm Novelis reports $84 mn Q4 net loss; sales rise 4% to $4.8 bn

Novelis Inc, the wholly-owned subsidiary of Hindalco Industries, on Tuesday reported a consolidated net loss of USD 84 million for the quarter ended March 31, 2026, due to fire incidents at its plant in Oswego, New York. The company is a leading sustainable aluminium solutions provider and the world leader in aluminium rolling and recycling. "Net loss attributable to our common shareholder of USD 84 million, compared to a net income attributable to our common shareholder of USD 294 million in the prior year, impacted by Oswego, US, plant fires in September and November," the company said in a statement. "The decrease was due primarily to USD 630 million in pre-tax net losses related to the Oswego fires," it added. However, the consolidated net sales rose to USD 4,787 million from USD 4,587 million in the year-ago period. "Net sales for the fourth quarter of fiscal year 2026 increased 4 per cent versus the prior year period to USD 4.8 billion, mainly driven by higher average alumin

Zee Entertainment Q4 FY26 result: Net loss at ₹102 cr, revenue falls 5.4%

Zee's advertising revenue, ​which accounts for nearly 40% of the total, fell ​3.5 per cent in the quarter, as the Middle East crisis hurt ad spending in March

Muthoot Fincorp plans ₹4,000 crore IPO, FY26 profit more than doubles

Muthoot Fincorp on Saturday announced plans to go public and raise up to Rs 4,000 crore through an initial public offering (IPO). The non-bank lender reported a net profit of Rs 1,640 crore for FY26, more than double of the Rs 787 crore in in FY25. The gold loan-focused non-bank lender's IPO will comprise a fresh issue of equity shares which can be deployed for future growth, as per an official statement. The decision for an IPO was taken at a board meeting on Saturday. Without sharing any details on the timelines, the statement said the issue is subject to shareholder approval, market conditions and regulatory clearances. The IPO activity is very lull in FY26, after a very busy FY25, where companies raised record amounts. However, most of the IPOs were secondary transactions where existing investors were exiting and concerns were also raised about fresh issuances. Alongside the IPO plan, the Muthoot board also approved a stock split, subdividing equity shares of face value Rs 10

Delhivery Q4 profit dips marginally to ₹72 crore; income jumps 26%

Logistics firm Delhivery on Saturday reported a marginal dip in net profit to Rs 72.39 crore in the March quarter of 2026 against Rs 72.55 crore in the corresponding quarter of the previous financial year. Total income of the company for the quarter under review stood at Rs 2,909 crore, up 26.31 per cent year-on-year from Rs 2,303 crore in Q4FY25, the company said. For FY 26, consolidated PAT declined 6.81 per cent year-on-year at Rs 152.54-crore from Rs 162.11-crore an year earlier. The company also announced the elevation of six senior leaders to executive leadership positions.