Page 6 - Company News

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.

Uno Minda Q4 FY26 results: PAT rises 22% to ₹326 crore, revenue up 18%

Auto components maker Uno Minda on Saturday said its profit after tax (PAT) grew 22 per cent year-on-year to Rs 326 crore in the January-March quarter, compared to the corresponding period of last year. The company had delivered a bottomline of Rs 266-crore in the quarter ended March 2025. Consolidated revenue for the reporting quarter was seen at Rs 5,336 crore, up 18 per cent from Rs 4,528 crore in Q4FY25, it said. This growth was broad-based and high-quality, driven by value-added features and volume expansion across the company's core and emerging product offerings. Uno Minda also achieved an EBITDA (earnings before interest, taxes, depreciation and amortisation) of Rs 603-crore for the March quarter of 2026 as against Rs 527-crore in the period year earlier, registering a year-on-year growth of 14 per cent, the company said. For the full year ended March 31, 2026, PAT stood at Rs 1,166 crore (PAT (UML share excluding prior period income and exceptional item) as against Rs 943

Vodafone Idea posts ₹51,970 crore Q4 profit on AGR dues relief boost

Aditya Birla group to infuse Rs 4,730 crore from Singapore-based promoter entity

Power Grid Q4 FY26 results: Net profit rises 10% to ₹4,546 crore

State-owned Power Grid Corporation has posted nearly 10 per cent rise in its consolidated net profit to Rs 4,546.33 crore in the March quarter compared to the year-ago period due to higher deferred tax credit. The consolidated net profit was Rs 4,142.87 crore in the quarter ended on March 31, 2025, a regulatory filing showed. According to the regulatory filing, the company has a deferred tax credit of Rs 5,179.80 crore in the quarter compared to Rs 19.98 crore in the same period a year ago. However, total income has dipped to Rs 11,970.69 crore in the quarter from Rs 12,590.80 crore a year ago. In the fiscal 2025-26, the consolidated net profit rose to Rs 15,927.95 crore from Rs 15,521.44 crore a year ago. The company said in a statement that it has proposed a final dividend of Rs 1.25 per share on a face value of Rs 10 each (12.50% of the paid-up share capital) in addition to interim dividend of Rs 7.75 per share paid for FY26 so far. At the end of FY26, the total transmission as

Vodafone Idea posts ₹51,970 crore net profit in Q4 FY26, first in 6 years

Beleaguered telecom operator Vodafone Idea has posted a consolidated net profit of Rs 51,970 crore - its first ever in about six years, for the March quarter of FY2025-26, mainly due to relief in statutory liabilities, according to a company filing. The company had posted a loss of Rs 7,167 crore in the same period a year ago. The Department of Telecom (DoT) on January 27 confirmed that the AGR (adjusted gross revenue) dues of Vodafone Idea (Vi) as of December 31, 2025, amount to Rs 87,695 crore. Thereafter, the DoT informed Vi on April 30 that the Committee formed for the purpose of reassessment finalised the AGR dues at Rs 64,046 crore for the FY 2006-07 to 2018-19 as on December 31, 2025. "Consequently, in accordance with Ind AS 109, the financial liability of Rs 80,502 crore as at December 31, 2025, was derecognised and the revised financial liability of Rs 24,880 crore was recognised, which is the present value of future payments as stated above. The resulting difference of Rs