Page 61 - Company News

IPO-bound Tata Capital profit more than doubles to ₹1,041 cr in June qtr

Non-banking financial company Tata Capital on Monday reported more than doubling of its consolidated net profit to Rs 1,040.93 crore for the quarter ended June 2025. In the same quarter last year, the IPO-bound company had reported a profit of Rs 472.21 crore. Total income rose to Rs 7,691.65 crore for the quarter under review from Rs 6,557.40 crore in the April-June quarter of FY2025, Tata Capital said in a regulatory filing. Earlier this month, Tata Capital filed updated draft papers for a mega initial public offering (IPO), with people familiar with the matter pegging the issue size at USD 2 billion (Rs 17,200 crore). This would value the company at around USD 11 billion. According to the updated draft red herring prospectus (DRHP), the proposed IPO of 47.58 crore shares comprises a fresh issue of 21 crore equity shares and an offer for sale (OFS) of 26.58 crore shares. Under the OFS component, Tata Sons will offload 23 crore shares, while the International Finance Corporation

Where your data resides is a fundamental question: IBM's Hans Dekkers

IBM Asia Pacific head on India's data sovereignty push, AI adoption, and cloud evolution

Air India cancels Milan-Delhi flight due to last-minute technical fault

Tata Group-owned private carrier Air India on Sunday said it cancelled its Milan-Delhi flight of August 16 after detecting a maintenance issue at the last minute. Alternative arrangements are being made to fly the passengers to their destination at the earliest, Air India said in a statement. "Flight AI138 operating from Milan to Delhi on August 16 was cancelled due to a maintenance task identified during pushback," the statement said. "Our ground team in Milan extended immediate assistance to all the affected passengers, providing hotel accommodation and offering full refunds on cancellation or complimentary rescheduling as opted by the passengers," it said. According to Air India, along with the maintenance issue, the operating crew of the flight come under the mandatory flight duty-time limitation norms. Air India generally operates its Boeing 787-8/9 aircraft fleet to cater to European destinations. The airline, which came under private hands in January 2022, has, of late, be

United Spirits Q1 results: Profit dips 14% to ₹417 cr, revenue at ₹6,295 cr

Diageo-controlled liquor maker United Spirits Ltd on Wednesday reported a 14 per cent decline in its consolidated net profit to Rs 417 crore for the June quarter of FY26. The company had posted a net profit of Rs 485 crore a year ago, according to a regulatory filing from United Spirits Ltd (USL). Its revenue from operations was marginally up at Rs 6,295 crore during the quarter under review. It was Rs 6,238 crore in the corresponding period of the previous fiscal. USL's total expenses stood at Rs 5,776 crore, up 2.79 per cent in the June quarter. In the June quarter, "EBITDA was Rs 644 crore, down 9.7 per cent, largely due to a one-off indirect tax item impact and relatively higher A&P in the standalone business", said USL in its earnings statement. In the June quarter, USL's income from the 'Beverage alcohol' segment rose 8.37 per cent to Rs 2,549 crore. Its sports business, Royal Challengers Sports Private Ltd (RCSPL), which owns the RCB team for IPL and WPL, registered a 15.7

TACC, CRRI partner to boost graphene use in durable road construction

LNJ Bhilwara Group firm TACC Ltd on Wednesday announced its collaboration with Central Road Research Institute (CRRI) to promote the use of graphene in road construction and infrastructure projects. This initiative will help redefine the road-building process, while driving the nation closer to its national and global sustainability goals, a statement said. The partnership aims to infuse graphene's properties into Indian pavements to deliver stronger and more durable roads, TACC, which produces graphene-based additives, said. TACC is positioning graphene as a strategic enabler in India's journey towards resilient, efficient, and climate-conscious infrastructure, complementing national initiatives like PM Gati Shakti and India's 2070 net zero emissions, it added. "Our partnership with CRRI ensures that cutting-edge research is translated into real-world impact, building roads that last longer, require less maintenance, and significantly reduce environmental footprint," Ankur Khaitan

ABFRL Q1 results: Net loss widens to ₹234 crore despite revenue rise

Aditya Birla Fashion and Retail Ltd (ABFRL) on Wednesday reported widening of consolidated net loss at Rs 233.73 crore for June quarter FY26. The company had posted a loss of Rs 214.92 crore during April-June quarter a year ago, according to a regulatory filing from ABFRL. Revenue from operations was at Rs 1,831.46 during the quarter as compared with Rs 1,674.22 crore a year ago. Revenue from 'Pantaloons' was at Rs 1,094.13 crore as against Rs 1,101.38 crore a year ago. Revenue from 'Ethnic and Others' segment was down to Rs 754.57 crore in the first quarter. Total expenses were at Rs 2,148.75 crore in April-June FY26. In the quarter, ABFRL completed the demerger of Madura business into a separately listed entity named Aditya Birla Lifestyle Brands Limited (ABLBL). ABLBL will have its lifestyle brands business as - Louis Philippe, Van Heusen, Allen Solly, Peter England, Simon Carter and youth western wear brands as American Eagle. It also has sportswear brand Reebok business, f

Jubilant Foodworks Q1 results: Profit jumps 63% to ₹94 cr on strong sales

Jubilant Foodworks Ltd (JFL), which operates fast-food chains Domino's Pizza and Dunkin' Donuts, on Wednesday reported a 62.58 per cent increase in consolidated net profit to Rs 94.33 crore during the June quarter. The company has reported a net profit of Rs 58.02 crore for the April-June period a year ago, JFL, which is part of the Jubilant Bhartia Group, said in a regulatory filing. Revenue from operations was up 16.95 per cent to Rs 2,260.86 crore in the June quarter from Rs 1,933.06 crore a year ago. Its total expenses were Rs 2,153.74 crore in the June quarter, up 15.3 per cent. JFL's total income, which includes other income, was up 16.88 per cent to Rs 2,279.39 crore. JFL's revenue from the Indian market during the quarter was Rs 1,701.6 crore, up 18.2 per cent, driven by 17.7 per cent growth in Domino's India business, the company said in its earnings presentation. "In Turkey, sales came in at Rs 9,300 million (Rs 930 crore)... Domino's Sri Lanka revenue of Rs 248 million

Aditya Birla Lifestyle Q1 results: Profit up 5% to ₹24 cr post demerger

Aditya Birla Lifestyle Brands Limited (ABLBL) on Wednesday reported a 4.92 per cent rise in its consolidated net profit to Rs 24.06 crore for the June quarter of FY26. It posted a net profit of Rs 22.93 crore in the April-June period a year ago, according to a regulatory filing of the Aditya Birla Group, which has been formed after the demerging of the business of Madura Fashion and Lifestyle. This is the first quarter result of ABLBL, which was listed on the bourses on June 23, 2025, following the demerger. Revenue from operations of ABLBL grew 3.14 per cent to Rs 1,840.58 crore in the June quarter of FY26. It was Rs 1,784.47 crore in the corresponding quarter a year ago. Total expenses of ABLBL stood at Rs 1,834.94 crore, up nearly 4 per cent in the June quarter. Its total income, which includes other income, in the June quarter increased 3.58 per cent to Rs 1,863.11 crore. As per the scheme of arrangement, its lifestyle brands business, such as Louis Philippe, Van Heusen, Alle

Muthoot Finance Q1 results: Profit surges 90% on strong gold loan growth

The company also approved equity infusion of ₹5 billion and ₹2 billion in its units, Muthoot Money and Muthoot Homefin, respectively

Samvardhana Motherson Q1 results: Net profit drops 46% to ₹606 cr

Samvardhana Motherson International Ltd on Wednesday reported a 46 per cent decline in its consolidated net profit to Rs 606 crore for the first quarter ended June 30, 2025, hit by a volatile business environment. The auto components major had posted a net profit of Rs 1,115 crore in the April-June quarter of the last fiscal. Industry headwinds and volatility had a transitory impact on profitability, the company said in a statement. Revenue from operations rose to Rs 30,212 crore for the June quarter as against Rs 29,317 crore in the year-ago period, it added. "The company has once again demonstrated its resilience and disciplined execution despite persistent industry headwinds and a dynamic global environment," Motherson Chairman Vivek Chaand Sehgal said. The company's performance reflects the strength of a diversified business model and the operational efficiencies across businesses, he added. Sehgal asserted that the company is well-positioned to navigate evolving tariffs, wit

Oswal Pumps bags ₹442 cr order to supply solar pumps in Maharashtra

Oswal Pumps on Wednesday said it has secured an order worth Rs 442 crore from Maharashtra State Electricity Distribution Company to supply 14,787 solar water pumping systems. Besides, the company will also be responsible for the installation, testing, and commissioning of the off-grid direct current pumping systems at identified farmers' sites across Maharashtra. In an exchange filing, Oswal Pumps said, "It has been awarded a major letter of award of empanelment by Maharashtra State Electricity Distribution Company Limited (MSEDCL) under the PM Kusum B Scheme/Magel Tyala Saur Krushi Pump Yojana". The letter of award is valid for one year, with installations to be completed within 60 days from the issuance of the work order or relevant approvals. The value of the order is around Rs 442 crore. Launched in 2019, Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) was aimed at adding solar capacity of 30,800 MW by 2022 with total central financial support of Rs 34,42

Max Healthcare Q1 results: Profit rises 17% to ₹345 cr on higher revenue

Max Healthcare Institute on Wednesday said its profit after tax increased 17 per cent year-on-year to Rs 345 crore for June quarter FY26 on enhanced utilisation of operational beds across the hospital network. The healthcare major reported a profit after tax (PAT) of Rs 295 crore in the April-June period last year. Gross revenue rose to Rs 2,574 crore in the quarter from Rs 2,028 crore in the year-ago period, Max Healthcare said in a statement. Net debt at June-end stood at Rs 1,755 crore as compared with Rs 1,576 crore on March 31, 2025. The company said its board has approved execution of an agreement to lease a built-to-suit 130-bed hospital in Dehradun. The proposed facility will be located near the company's existing 220-bed hospital, which is operational since 2012. Scheduled for commissioning in 2028, the new hospital will, among other specialties, focus on advanced oncology services, including radiation therapy, it said. Besides, Jaypee Healthcare Ltd, a wholly-owned ...

Bata India Q1 results: Net profit plunges 70% to ₹52 cr on high costs

Footwear maker Bata India Ltd on Monday reported a 70 per cent decline in consolidated net profit to Rs 52 crore in the first quarter ended June 30, 2025, impacted by higher expenses amid sluggish consumption momentum and a high base effect. The company had posted a consolidated net profit of Rs 174 crore in the corresponding quarter last fiscal, Bata India said in a regulatory filing. Consolidated revenue from operations in the first quarter stood at Rs 941.85 crore against Rs 944.63 crore in the year-ago period, it added. Bata India said during the quarter ended June 30, 2024, and year ended March 31, 2025, the board of directors of the holding company approved the sale of a freehold industrial land to an unrelated party for a consideration of Rs 156 crore. The sale deed has been executed and the total consideration has also been received on the same date. There is a gain on sale of the aforesaid land (net of related expenses) of Rs 133.95 crore, which has been disclosed as an ..

JM Financial Q1 results: Profit jumps 166% to ₹454 crore on lower expenses

JM Financial on Monday reported a 166 per cent rise in consolidated net profit to Rs 454 crore for the June quarter of FY26. The financial services company had earned Rs 171 crore in the same quarter a year ago. Total income rose to Rs 1,121 crore during the June quarter 2025-26, from Rs 1,093 crore a year ago, JM Financial said in a regulatory filing. Total expenses declined to Rs 529 crore compared to Rs 849 crore in the April-June quarter of FY25. Net worth during the quarter has crossed Rs 10,000 crore. The transaction pipeline remains robust across businesses, reflecting the company's deep market engagement, Vishal Kampani, Vice Chairman and Managing Director of JM Financial Ltd, said. "In real estate loans and distressed credit, our focused recovery strategies have delivered strong results, and we remain committed to driving similar outcomes, going forward," he said.

Patel Engineering Q1 results: Net profit up 56% at ₹75 cr, revenue rises

Infrastructure development company Patel Engineering has reported a 56 per cent year-on-year growth in consolidated net profit at Rs 75 crore in the June quarter of this financial year, driven by higher revenues. The Mumbai-based entity had logged a net profit of Rs 48 crore in the April-June period of the preceding 2024-25 financial year. As per the company, its revenue from operations in the first quarter surged by 12 per cent to Rs 1,233 crore, from Rs 1,102 crore in Q1 FY25. Patel Engineering had a total debt of Rs 1,527 crore as of June 30, 2025, down from Rs 1,603 core at the end of March 2025, the company said in a statement. "The Q1 performance illustrates our ability to drive consistent growth while enhancing operational efficiency. With a track record of executing over 350 projects, including several marquee assignments, our execution capabilities have matured significantly, contributing to our strong financial performance," Kavita Shirvaikar, MD, Patel Engineering said.

SECI net profit rises 15% to ₹502 crore in FY25 on higher revenues

State-owned Solar Energy Corporation of India (SECI) on Monday posted a 15 per cent rise in its net profit to Rs 501.92 crore in fiscal 2024-25, driven mainly by higher revenues. As per the audited standalone financial results for the year ending March 31, 2025, SECI has recorded revenue from operations of Rs 15,185.10 crore and Profit After Tax (PAT) of Rs 501.92 crore, the company statement said. In comparison, it stated that the SECI's revenue from operations for the financial year 2023-24 stood at Rs 13,035.07 crore, and PAT was Rs 436.03 crore. Santosh Kumar Sarangi, Secretary, Ministry of New and Renewable Energy and Chairman & Managing Director (Additional Charge), SECI, said, "This performance reflects the Corporation's commitment to financial discipline and institutional delivery." He further stated that crossing the Rs 15,000 crore revenue and Rs 500 crore PAT benchmark represents a significant development in SECI's financial roadmap. These results improve the ...

TVS Supply Chain Solutions Q1 results: Profit rises to ₹71.16 crore

Global supply chain solutions provider TVS Supply Chain Solutions Ltd has reported a consolidated profit after tax for the April-June 2025 quarter at Rs 71.16 crore, the company said on Sunday. The city-based firm had registered a profit after tax of Rs 7.47 crore during the corresponding quarter of the last financial year. Revenue from operations during the quarter under review marginally went up to Rs 2,592.31 crore from Rs 2,539.39 crore registered in the year ago period. In a statement on Sunday, the company said the share of profit from TVS ILP (Industrial and Logistics Park) business, in which TVS Supply Chain Solutions holds 25.2 per cent stake, was Rs 177.23 crore during the April-June 2025 quarter. "This was subsequent to the transfer of 11 million sq ft of warehouse space as part of the Infrastructure Investment Trust listing," the statement said. Aimed at further strengthening its end-to-end solutions offering, during the quarter under review, TVS Supply Chain Solutions .

Air India teams up with Singapore Airlines to boost safety: CEO Wilson

Air India is working on improving the reliability of its aircraft, collaborating with Singapore on industry best practices and retrofitting legacy planes, its CEO Campbell Wilson told staff on Friday. After the fatal crash of its Boeing 787-8 aircraft that killed 260 people on June 12, the Tata Group-owned airline has come under increased regulatory oversight and the carrier is pursuing efforts to stabilise its operations. During a townhall with the employees, Wilson said the airline has started the retrofit of its wide-body fleet and the first legacy Boeing 787-8 plane, sent for retrofit to the US last month, will join back the fleet by December this year, according to sources. The airline has 26 legacy Boeing 787-8 planes and all of them are expected to be retrofitted by June 2027. The retrofit of all legacy 27 A320 neo aircraft will be completed by September 2025. Against the backdrop of some Air India aircraft facing technical snags, Wilson told the staff that the carrier is ..

Voltas Q1 results: Profit plunges 58% as early monsoon cools AC demand

Revenue from operations also fell 20% to 39.39 billion rupees, steeper than the roughly 10% drop that analysts were expecting

Skydance seals $8 bn deal to take over Paramount, ending Redstone era

Now the company, which owns CBS, Comedy Central, MTV and the movie studio behind "The Godfather" and "Top Gun," will finally get much-needed reinforcements