Page 62 - Company News

PTC India Q1 results: Profit jumps 61% to ₹243 crore on lower costs

PTC India on Thursday posted over 61 per cent rise in consolidated profit from continuing operation at Rs 242.88 crore for June quarter FY26 mainly due to lower expenses. The power trading solutions provider posted Profit After Tax (PAT) from continuing operation at Rs 150.76 crore in the year-ago period. Total expenses declined to Rs 3,815.49 crore from Rs 4,486.14 crore, a company statement said. The earning per share (EPS) of the company increased to Rs 6.59 in the quarter from Rs 5.87 in Q1FY25. Income from trading business grew 8 per cent to Rs 77.61 crore in the quarter under review. The standalone PAT was lower by 2 per cent at Rs 140.96 crore, on account of lower rebate & surcharge incomes. The trading volume was up 13 per cent in the quarter to 23,042 million units (MU) from 20,464 MUs in Q1FY25. Consulting income in the quarter stood at Rs 9.88 crore. Core trading margin stood at 3.37 paise per unit. "A healthy mix of volume from trades across different tenures has ...

LIC Q1 results: Profit up 5% to ₹10,987 cr on strong policy renewals

Profit after tax for the country's biggest insurer rose to 109.87 billion rupees ($1.26 billion) for the quarter ended June 30 from 104.61 billion rupees a year earlier

Kalyan Jewellers Q1 results: PAT jumps 49% to ₹264 cr, revenue up 31%

Jewellery retailer Kalyan Jewellers on Thursday reported a 48.73 per cent growth in consolidated profit after tax (PAT) to Rs 264.08 crore during the quarter ended June 30. The company's PAT stood at Rs 177.55 crore in the corresponding period of the previous fiscal year, the Thrissur-headquartered jeweller said in a regulatory filing. Its revenue from operations increased 31.48 per cent during the quarter under review to Rs 7,268.47 crore compared to Rs 5,527.81 crore a year ago. "We have started off the ongoing quarter well despite continuing volatility in gold prices and a higher base. We are upbeat about the upcoming festive season across the country and are gearing up for the launch of fresh collections and campaigns," Kalyan Jewellers India Executive Director Ramesh Kalyanaraman said. Shares of the company on Thursday closed at Rs 590.75 apiece, up 0.30 per cent on BSE.

Godrej Consumer Q1 results: Net profit dips 4.7% to ₹452.45 crore

Godrej Consumer Products Ltd on Thursday reported a marginal decline in consolidated profit after tax to Rs 452.45 crore in the first quarter ended June 30, 2025, impacted by higher raw material cost and challenges in the Indonesian business. The company had posted a consolidated profit after tax of Rs 450.69 crore in the corresponding period last fiscal, Godrej Consumer Products Ltd (GCPL) said in a regulatory filing. Consolidated revenue from operations in the first quarter stood at Rs 3,661.86 crore as against Rs 3,331.58 crore in the year-ago period, it added. Total expenses were higher at Rs 3,113.14 crore in the quarter as compared to Rs 2,744.36 crore in the same period last fiscal. Cost of raw materials, including packing material consumed was higher at Rs 1,480.31 crore as against Rs 1,289.68 crore in the same period a year ago, the company said. For the quarter ended June 30, 2025, exceptional item in the consolidated financial results includes an amount of Rs 19.54 crore

Net office leasing in top 6 cities likely to sustain at record levels: ICRA

Rating agency ICRA on Thursday said net leasing of office space in the top six cities rose 14 per cent to 65 million sq ft last fiscal and the demand is likely to sustain during 2025-26. In a statement on Thursday, ICRA said it expects the net absorption or leasing of office space in 2025-26 across the top six cities (Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai Metropolitan Region (MMR) and Pune) to sustain at all-time high levels witnessed in the preceding year. The demand is driven by Global Capability Centres (GCCs), Banking, Financial Services and Insurance (BFSI) institutions, flex-space operators, and domestic Information Technology-Business Process Outsourcing (IT-BPM) firms. Quoting data of PropEquity, ICRA said that the net absorption stood at a record 65 million square feet in 2024-25 (14 per cent YoY growth) across India's top six cities. In the April-June quarter of this fiscal, 17 million sq ft of office spaces have been absorbed.

Kalpataru Projects Q1 results: Net profit surges 154% to ₹214 crore

Kalpataru Projects International on Thursday posted nearly a three-fold jump in its consolidated net profit to Rs 213.59 crore in the June 2025 quarter, mainly due to higher revenues. The company had reported a consolidated net profit of Rs 83.95 crore in the quarter ended June 2024, a BSE filing said. Its total income rose to Rs 6,187.52 crore in the quarter from Rs 4,608.5 crore a year ago. The board also accorded its consent to increase the period validity of the approval granted by it to provide counter bank guarantee or standby letter of credit or corporate guarantee to lenders of Kalpataru IBN Omairah Company Ltd, 65 per cent subsidiary of the company up to June 30, 2026, for an amount not exceeding USD 65 million, and delegated authority to the Executive Committee of the Board of Directors, for the same. PTI KKS 1.0.

SoftBank Q1 results: Posts $2.9 bn profit, stock up 1.3% on AI rally

Japanese technology conglomerate SoftBank Group Corp. posted a 421.8 billion yen (USD 2.9 billion) profit in the April-June quarter, rebounding from a loss a year earlier as its investments benefited from the craze for artificial intelligence. Quarterly sales at Tokyo-based SoftBank Group, which invests heavily in AI companies like Nvidia and Open AI, rose 7 per cent to 1.8 trillion yen (USD 12 billion), the company said Thursday. SoftBank's loss in April-June 2024 was 174 billion yen. The company's fortunes tend to fluctuate because it invests in a range of ventures through its Vision Funds, a move that carries risks. The group's founder Masayoshi Son has emphasised that he sees a vibrant future in AI. SoftBank has also invested in Arm Holdings and Taiwan Semiconductor Manufacturing Co. Both companies, which produce computer chips, have benefitted from the growth of AI. The era is definitely AI, and we are focused on AI, SoftBank senior executive Yoshimitsu Goto told reporters.

Lincoln Pharma Q1 results: Profit up 17% to ₹28 cr, share jumps 8.5%

Lincoln Pharmaceuticals on Thursday reported a nearly 17 per cent growth in net profit to Rs 27.70 crore for the April-June quarter as compared to Rs 23.69 crore in the same quarter of the last fiscal. Total income rose by 7.3 per cent to Rs 169.34 crore in the first quarter of FY26 compared to Rs 157.69 crore in the year-ago period, the company said in a statement. "EBITDA for Q1 FY26 was reported at Rs 39.08 crore as compared to EBITDA of Rs 33.14 crore in Q1 FY25, growth of 17.92 per cent Y-o-Y, the statement said. The company is targeting a revenue of Rs 1,000 crore within the next three years, driven by business expansion into high-value product lines and entry into new markets, Lincoln Pharmaceuticals Managing Director Mahendra Patel said. This goal is part of a broader strategy to achieve a 15-18 per cent annual growth rate, driven by strong performance in the cardiac, diabetic, dermatology, and ENT segments, Patel added. During the first quarter, the company started its bu

Fortis Q1 profit jumps 53% to ₹267 cr, revenue up 16.6% on strong growth

Fortis Healthcare Q1FY26 profit rises 53% to ₹266.78 crore as hospital and diagnostics businesses drive 16.6% revenue growth and Ebitda margin improves to 22.6%

Bhel Q1 results: Loss widens 114% to ₹455 crore as power demand dips

The manufacturer's net loss more than doubled to ₹455 crore ($52 million) in the quarter ended June 30, from ₹213 crore a year earlier

NIIT MTS Q1 results: Profit dips 18% to ₹49.3 cr, revenue rises 11%

Corporate training solutions provider NIIT Learning Systems (NIIT MTS) on Wednesday reported a 17.8 per cent drop in its consolidated net profit at Rs 49.3 crore for the June quarter, attributing the decline to sustained caution among corporate customers amid macroeconomic uncertainties. The company had logged a profit of Rs 60 crore in the year-ago period, according to a regulatory filing. Revenue from operations for the first quarter of FY26 was 10.8 per cent higher at Rs 451.3 crore, as compared to Rs 407.2 crore in Q1 FY25. On a sequential basis, the company showed a 1.2 per cent rise in profit and a 5 per cent increase in revenue compared to the preceding March quarter. In its investor presentation, the company noted that economic uncertainty remains elevated. It stated that while inflation is stabilising, potential tariff escalations pose risks of renewed pressures, prompting caution among corporate clients. "Clients continue prioritising cost efficiency and productivity. ..

Bayer CropScience Q1 results: Profit grew 9.6% to 279 cr; revenue up 17.4%

The Indian unit of German drugs and pesticides maker Bayer AG posted a profit of 2.79 million rupees ($31,834.8) for the three months ended June 30, compared with 2.54 billion rupees a year earlier

Bosch Q1 results: Net profit more than doubles to ₹1,115 crore on gain

Auto component maker Bosch Ltd on Monday reported an over twofold jump in its consolidated net profit to Rs 1,115 crore for the first quarter ended June 30, 2025, aided by one-time income due to the transfer of a business vertical. The company posted a net profit of Rs 465 crore for the April-June quarter of the last fiscal. Total income increased to Rs 5,077 crore during the quarter against Rs 4,496 crore in the year-ago period, Bosch Ltd said in a regulatory filing. During the quarter, the company completed the transfer of its "Video solutions, Access and Intrusions and Communication systems" business, recognising a profit on sale of business for Rs 556 crore, it noted. "Our performance in the first quarter reflects strong growth, driven by increased revenue, higher demand in passenger cars and a reduction in material costs enabled by favourable product mix," Bosch Ltd MD Guruprasad Mudlapur said. This results from the company's consistent efforts to strengthen core businesses

Aurobindo Pharma Q1 results: Profit drops 10% to ₹824 crore on US sales

Aurobindo Pharma on Monday reported a 10 per cent decline in its consolidated net profit to Rs 824 crore for the June quarter, hit by dip in sales in the US and API business vertical. The Hyderabad-based drug maker posted a net profit of Rs 918 crore for the April-June quarter of last fiscal. Revenue from operations increased to Rs 7,868 crore for the June quarter as against Rs 7,567 crore in the year-ago period, Aurobindo Pharma said in a regulatory filing. "We started the year steadily, with our European business maintaining strong growth momentum and our core US business showing resilience despite temporary challenges from destocking and seasonal dynamics," K Nithyananda Reddy, Vice-Chairman and Managing Director of the company said. The company's disciplined execution, operational initiatives, and recent US acquisition strengthens commercial footprint and accelerates growth potential, he added. The board of directors at its meeting held on Monday has approved the payment of ..

DLF aims to cross ₹10,000 cr rental income from commercial assets: Chairman

India's biggest realty firm DLF has set an "ambitious" target to cross annual rental income of Rs 10,000 crore in medium term from the company's commercial properties, its Chairman Rajiv Singh said on Monday. At present, the DLF Group has an annuity portfolio (primarily office complexes and shopping malls) of around 46 million sq ft with an annual rental income of over Rs 6,000 crore. Addressing shareholders at DLF's 60th Annual General Meeting (AGM), Singh said the company during 2024-25 fiscal delivered a strong performance, achieving robust growth across both housing development and rental (of commercial properties) businesses. He said the company's annuity portfolio, encompassing offices, retail and hospitality, continues to exhibit steady growth. The chairman informed that new buildings in 'Downtown Gurugram' and Chennai project are completed. Additionally, three new retail properties are set to open in the near future, further strengthening its portfolio. "We remain equally

Mindspace REIT Q1 results: Net operating income up 24% to ₹616.4 crore

Mindspace Business Parks REIT on Monday reported a 24 per cent increase in its net operating income to Rs 616.4 crore in the first quarter of this fiscal year. The company announced an 18 per cent increase in its distribution to shareholders to Rs 352.7 crore for the April-June period of the current 2025-26 fiscal year, according to a regulatory filing. Mindspace Business Parks REIT, sponsored by K Raheja Corp group, owns office portfolios in Mumbai Region, Pune, Hyderabad, and Chennai. The portfolio has a total leasable area of 38.1 million sq ft, comprising 31 million sq ft of completed area, 3.7 million sq ft under construction and 3.4 million sq ft for future development. Mindspace REIT CEO and MD Ramesh Nair said, "We have had yet another great quarter, renting out 1.7 million square feet and achieving a remarkable committed occupancy of 93.7 per cent". The company's net operating income (NOI) grew by a robust 24 per cent, driven by acquisitions, rising rents and growing ...

Godfrey Phillips India Q1 results: Net profit rises 56% to ₹356.3 cr

Cigarette maker Godfrey Phillips India Ltd on Monday reported a 56 per cent jump in consolidated net profit at Rs 356.28 crore in the first quarter ended June 2025, riding on higher sales. The company, which posted a consolidated net profit of Rs 228.55 crore in the corresponding quarter last fiscal, said its board has approved issuance of bonus equity shares in the proportion of 2:1, Godfrey Phillips India said in a regulatory filing. Consolidated total revenue from operations in the quarter under review stood at Rs 1,813.26 crore as against Rs 1,358.81 crore in the year-ago period, it added. Total expenses in the quarter were higher at Rs 1,506.68 crore as compared to Rs 1,118.49 crore in the same period a year ago, the company said. Godfrey Phillips India said its board of directors at its meeting held on August 4, 2025 approved issuance of bonus equity shares in the proportion of 2:1 -- two new fully paid-up bonus equity shares of Rs 2 each for every one existing fully paid-up

Sona BLW Q1 results: Net profit falls 14% to ₹122 cr, income dips

Sona BLW Precision Forgings on Monday reported a 14 per cent year-on-year fall in consolidated net profit to Rs 122 crore for the June quarter. The auto component major posted a net profit of Rs 142 crore for the April-June quarter of last year. Total income declined to Rs 895 crore in the first quarter against Rs 900 crore in the year-ago period, Sona BLW Precision Forgings (Sona Comstar) said in a regulatory filing. "Q1 FY26 was a challenging quarter for us due to the convergence of multiple adverse factors, which are temporary, and some have started to resolve already," Sona Comstar MD and Group CEO Vivek Vikram Singh said. The company ended the quarter with a few large order wins, closing the quarter with an all-time high net order book, he added. "We have received a large order from a North American OEM (original equipment manufacturer) to supply differential assemblies. This is our largest order win in the last two-and-a-half years. We believe this is likely to be one of the

PC Jeweller Q1 results: Profit rises 4% to ₹162 cr; revenue up at ₹808 cr

P C Jeweller Ltd on Friday reported a 4 per cent increase in its consolidated net profit to Rs 161.93 crore for the quarter ended June 2025. Its net profit stood at Rs 156.06 crore in the year-ago period. Total income surged to Rs 807.88 crore during the April-June period of 2025-26 fiscal from Rs 439.78 crore in the corresponding period of the preceding year, according to a regulatory filing. Last month, the company's board approved a plan to raise Rs 500 crore equity from promoters and Capital Ventures Pvt Ltd to prepay its loan, as part of its plan to become debt-free by the end of this fiscal. Delhi-based PC Jeweller has a total of 52 showrooms, of which 49 are company-owned. The company had posted a net profit of Rs 577.70 crore and a total income of Rs 2,371.87 crore during the entire 2024-25 fiscal.

Honda Cars India July sales up 3% to 7,524 units on export boost

Honda Cars India on Friday reported a 3 per cent year-on-year increase in total sales to 7,524 units in July. Domestic sales of the company stood at 4,050 units and exports at 3,474 units. "Demand remained subdued in July 2025, and we accordingly aligned our dispatches to ensure optimum inventory levels across our dealerships," Honda Cars India Vice President Marketing & Sales Kunal Behl said in a statement. With the upcoming festive season around the corner, the company is optimistic about an uptick in demand, he added.