Page 63 - Company News

Tata Power Q1 results: Profit up 6% to ₹1,262 cr; revenue rises 4%

Tata Power on Friday posted over 6 per cent on-year rise in consolidated net profit at Rs 1,262 crore in June quarter mainly due to higher revenues from the renewable as well as transmission and distribution business. The company had a net profit of Rs 1,189 crore in the quarter ended June 30, 2024, a statement stated. Its revenue rose to Rs 17,464 crore in the quarter, from Rs 16,810 crore in the same period a year ago. "We have commenced FY26 on a high note, with strong performance across all our business verticals. Our renewable energy portfolio continues to exceed expectations, as we drive innovation, scale, and efficiency across the clean energy value chain," Praveer Sinha, CEO and Managing Director, Tata Power, said. He further stated that the generation and T&D businesses are delivering impressive gains. The company's discoms are providing reliable electricity to 13 million customers, he added. Through its all-round performance, Odisha Discoms have emerged as the national

City Union Bank Q1 results: Profit rises 16% to ₹306 cr, income grows 17%

City Union Bank on Thursday reported a 16 per cent rise in net profit at Rs 306 crore during the first quarter of this financial year. The private sector lender had earned a net profit of Rs 264 crore in the same quarter of the previous fiscal year. The total income rose to Rs 1,849 crore during the June quarter of 2025-26, from Rs 1,580 crore in the same quarter of FY25, the Tamil Nadu-based bank said in a regulatory filing. Interest earned by the bank improved to Rs 1,605 crore, as compared to Rs 1,388 crore in the June quarter of FY25. During the period, operating profit of the bank increased to Rs 451 crore, as compared to Rs 373 crore in the same quarter a year ago. The bank's asset quality showed an improvement as gross non-performing assets (NPAs) declined to 2.99 per cent of gross advances at the end of the June quarter, from 3.88 per cent a year ago. Similarly, net NPAs, or bad loans, declined to 1.2 per cent, as against 1.87 per cent in the year-ago period. However, ..

Cost takeouts to continue as Tata Steel eyes steady profitability: CFO

Tata Steel will continue with its cost takeout programme in the coming quarters of the ongoing fiscal year in a bid to maintain profitability, the company's Chief Financial Officer (CFO) Koushik Chatterjee said on Thursday. The Tata Group entity on Wednesday saw its consolidated net profit more than doubled to Rs 2,007.36 crore during the June quarter, despite volatile global macro conditions and heightened uncertainty. "The strong improvement in our Q1 performance on QoQ as well as YoY basis was driven by an increase in our net steel realisations and the planned cost takeouts," Tata Steel CEO & MD T V Narendran said. In financial terms, cost takeout refers to strategic cost reduction measures taken by companies by removing unnecessary expenses to improve profitability and efficiency. Tata Steel has delivered resilient performance and sequentially improved margins by around 200 bps despite challenging demand and uncertainty on trade and tariffs, said Chatterjee, who is also the ...

Mankind Pharma Q1 results: Profit dips 17% to ₹445 cr; revenue rises

Mankind Pharma on Thursday reported a 17 per cent decline in consolidated profit after tax (PAT) at Rs 445 crore for the June quarter. The drug maker posted a PAT of Rs 538 crore for the April-June quarter of the last fiscal year. Revenue from operations rose to Rs 3,570 crore for the first quarter as compared to Rs 2,868 crore in the year-ago period, Mankind Pharma said in a statement. The company said its board has approved the raising of up to Rs 1,000 crore through unsecured funding instruments, including issuance of commercial papers, on a private placement basis, in one or more tranches. The board also approved interim dividend of Re 1 per share on face value of Re 1 per share for 2025-26. The company said its board has approved the acquisition of the branded generic business relating to women health portfolio of Bharat Serums and Vaccines Ltd through slump sale on a going concern basis. Shares of the company on Thursday ended 0.28 per cent down at Rs 2,567.75 apiece on the

JSW Energy Q1 results: Profit jumps 42% to ₹743 crore; revenue up 78%

JSW Energy on Thursday posted over 42 per cent rise in consolidated net profit to Rs 743 crore in the June quarter due to renewables capacity additions and contributions from O2 Power and Mahanadi plant. The company posted a net profit of Rs 522 crore in the year-ago period, a statement said. According to the statement, total revenue increased 78 per cent year-on-year to Rs 5,411 crore from Rs 3,043 crore, driven by organic capacity additions and contribution from Mahanadi and O2 Power. "Strategic acquisitions fuelling EBITDA growth as Mahanadi plant contributed incremental, Rs 867 crore while O2 Power (consolidated since Apr 9, 2025) contributed Rs 219 crore of EBITDA during the quarter," it stated. During the quarter, the net electricity generation rose 71 per cent year-on-year to 13.5 billion units (BUs from 7.8 BUs year ago) driven by organic RE capacity additions, contribution from O2 Power and Mahanadi plant and higher generation at Vijayanagar long-term tie-up. Renewable En

Radico Khaitan Q1 results: Profit jumps 73% to ₹130 crore on volume

Liquor maker Radico Khaitan Ltd on Thursday reported a 73.14 per cent surge in its consolidated net profit to Rs 130.52 crore for the June quarter of FY26, helped by volume growth. The company had posted a consolidated net profit of Rs 75.38 crore a year ago, according to a BSE filing by Radico Khaitan, which owns brands like Rampur Indian Single Malt Whisky, Jaisalmer Indian Craft Gin, Magic Moments Vodka, and the 8 PM series. Its revenue from operations increased 24.56 per cent to Rs 5,313.51 crore in the June quarter. It was Rs 4,265.62 crore in the corresponding quarter of the previous fiscal. Radico Khaitan's total expenses climbed 23.18 per cent to Rs 5,133.54 crore in the June quarter. The total income of Radico Khaitan, which includes other income, in the June quarter, was Rs 531,457 crore, up 24.55 per cent. In the June quarter, Radico Khaitan's total IMFL volume rose 37.5 per cent to 9.72 million cases. Prestige & Above brand volume rose 16.8 per cent to 3.84 million ..

Icra Q1 results: Profit rises 19% to ₹43 crore on ratings growth

Domestic rating agency ICRA on Thursday reported a 19.2 per cent growth in profit at Rs 42.8 crore its June quarter. The firm posted a profit after tax (PAT) of Rs 35.9 crore in the year-ago period. Consolidated revenue from operations increased 8.4 per cent to Rs 124.5 crore for the June quarter compared to Rs 114.8 crore a year earlier. In the current quarter, ICRA has entered into a definitive agreement to acquire 100 per cent shareholding in Fintellix India Pvt Ltd for USD 26 million (Rs 225 crore). The acquisition is subject to the completion of mutually agreed conditions as per the share purchase agreement (SPA). ICRA MD and Group CEO Ramnath Krishnan said, "Our ratings business continued to benefit from a supportive credit environment, marked by strong bond issuances and securitisation activity. "The research & analytics segment remained stable, with growth in risk management and market data offset by the residual impact of ESG project discontinuation in the previous ...

Burger King India narrows Q1 loss as discounts draw budget customers

The company reported a net loss of 419.4 million rupees ($4.79 million) for the three months ended June 30, compared to a 493.6 million rupee loss a year earlier

Emami Q1 results: Net profit rises 9% to ₹164 cr on operational efficiency

FMCG major Emami Ltd on Thursday reported a 9 per cent year-on-year rise in consolidated net profit to Rs 164 crore for the quarter ended June 30, 2025, aided by improved operating performance despite muted revenue growth. The company had posted a consolidated net profit of Rs 150.6 crore in the corresponding quarter last year, the company informed bourses. Consolidated revenue from operations stood at Rs 904.1 crore in the June quarter, almost flat compared to Rs 906.1 crore in the year-ago period. Emami's earnings before interest, tax, depreciation and amortisation (EBITDA), excluding associates, grew to Rs 235.8 crore from Rs 226.9 crore in the same quarter last year. "Despite revenue being largely stable, cost optimisation and operational efficiency supported profit growth," the company said. The company's total expenses stood at Rs 689.9 crore, up from Rs 689.6 crore in the year-ago period. International markets contributed Rs 141.7 crore to revenues during the quarter, up f

Thermax Q1 results: Profit jumps 39% to ₹151 crore on cost control

Thermax on Thursday posted nearly 39 per cent rise in consolidated net profit at Rs 151 crore in the June quarter compared to Rs 109 crore a year ago, mainly due to lower expenses. The company recorded a consolidated operating revenue of Rs 2,150 crore in the first quarter of FY 2025-26, a 2 per cent decrease as compared to Rs 2,184 crore in the corresponding quarter of the previous fiscal year, partly due to delayed customer clearance and execution challenges, a company statement said. Total expenses dipped to Rs 2004.16 crore in the quarter from Rs 2106.77 crore in the same period a year ago. The current quarter's operating income includes an accrual of Rs 56 crore as income towards the incentive receivable under the Packaged Incentive Scheme (PSI), 2007, from the government of Maharashtra. In comparison, the previous period's other income included Rs 27 crore received as interest on an income tax refund. As of June 30, 2025, the order balance for the quarter was Rs 11,376 crore

Ambuja Cements Q1 results: Profit rises to ₹969.6 crore on record sales

Adani Group firm Ambuja Cements Ltd on Thursday reported a consolidated net profit of Rs 969.66 crore for the June quarter. The Adani Group firm, which has aggressively done several acquisitions to pace up its capacity, has recorded its "highest-ever cement sales volume" to 18.4 million tonnes (MT) and "highest-ever quarterly revenue" crossing Rs 10,000-crore mark. The company had reported a net profit of Rs 783.18 crore in the April-June quarter a year ago, according to a regulatory filing by Ambuja Cements Ltd (ACL). Its consolidated revenue from operations was at Rs 10,244.11 crore in the June quarter. It was Rs 8,292.10 crore in the corresponding period of the last fiscal year. The consolidated financial results of ACL for the June quarter are not comparable due to the acquisition of several companies, including Hyderabad-based Penna Cement Industries Ltd (PCIL), Tamil Nadu-based MY Home Industries, and Orient Cements Ltd, whose results are included in it. "The consolidated .

Arcelormittal Q2 results: Net income surges over 3-fold to $1.79 billion

Steel and mining major ArcelorMittal on Thursday posted an over threefold jump in net income to USD 1,793 million in the June quarter, primarily due to the impact of exceptional items. The company, which also has a presence in India through JV AMNS India, had posted a net income of USD 504 million in the corresponding period of the previous fiscal. The net income is attributable to equity holders of the parent company. Luxembourg-based ArcelorMittal follows January to December as its financial year. Net income increased to USD 1,793 million in the second quarter of 2025 compared to USD 805 million in the first quarter of 2025, primarily due to the impact of USD 0.8 billion exceptional items (net of impairments and tax effects), ArcelorMittal said in a statement. Net income in H1 or January-June 2025 also rose to USD 2,598 million compared to USD 1,442 million in the six months of 2024, mainly driven by USD 0.8 billion in exceptional items (net of impairments and tax effects) and .

JB Pharma Q1 results: Net profit up at 14% to ₹202 cr, revenue rises 9%

JB Chemicals & Pharmaceuticals Ltd on Wednesday reported a 14 per cent rise in net profit to Rs 202 crore in the June quarter. The company had posted a net profit of Rs 177 crore in the corresponding period of the previous fiscal year, JB Chemicals & Pharmaceuticals (JB Pharma) said in a regulatory filing. Revenue in the first quarter stood at Rs 1,094 crore as against Rs 1,004 crore in the same period a year ago, up 9 per cent, it added. "The domestic business recorded approximately 14 per cent value growth. This was driven by acute and chronic segments, including our ophthalmology portfolio. Our major brands & their franchises are also performing well," JB Pharma CEO and Wholetime Director, Nikhil Chopra said. He further said, "The CDMO (contract development and manufacturing organisation) business momentum is likely to sustain in coming quarters." The company said its domestic formulations business recorded revenue of Rs 678 crore as against Rs 595 crore in the first ...

Mahindra Q1 results: Net profit up 24% to ₹4,083 cr, income at ₹45,529 cr

Mahindra & Mahindra on Wednesday posted a 24 per cent year-on-year increase in its consolidated net profit to Rs 4,083 crore for the June quarter, driven by broad-based growth across business verticals. The company reported a net profit of Rs 3,283 crore for the April-June quarter of the last fiscal. Total income from operations rose to Rs 45,529 crore in the June quarter against Rs 37,218 crore in the year-ago period, the Mumbai-based company said in a regulatory filing. The company stated that auto and farm businesses continue to deliver on growth and margins with profits up by 20 per cent. Financial services assets under management (AUM) grew at 15 per cent while Tech Mahindra (TechM) continued its journey of margin expansion with EBIT improvement of 260 basis points (bps). Amongst the company's growth gems, Mahindra Logistics showed strong revenue momentum with 14 per cent growth and Mahindra Holidays & Resorts India (MHRIL) expanded room inventory by 10 pe cent, it ...

Hitachi Energy India Q1 results: Profit jumps to ₹132 cr on revenue rise

Hitachi Energy India on Wednesday posted multi-fold increase in net profit at Rs 131.60 crore for June quarter 2025-26 mainly due to higher revenues and lower base effect. The company logged a net profit of Rs 10.42 crore in the same period a year ago. Revenue rose to Rs 1,529.84 crore in the quarter from Rs 1,327.33 crore a year ago, a company statement said. This was achieved through effective order execution during the quarter and continued improvement in overall operational efficiency. With effective execution of high-margin orders, sustained operational excellence, a good product mix, and increased export momentum, the company saw a significant YoY growth in profit after tax (net profit) on a lower base, it said. Furthermore, it stated that the steady collection of receivables, along with advances, resulted in a positive cash impact in the quarter, supporting the company's commitment toward improving margins and strengthening overall operational efficiency and capacity. In t

P&G Hygiene Q1 results: Profit up two-fold to ₹192 cr, revenue at ₹937 cr

Procter & Gamble Hygiene and Health Care Ltd on Wednesday reported an over two-fold jump in its profit after tax to Rs 192.06 crore in the fourth quarter ended June 2025. The company, which follows the July-June financial year, had reported a profit after tax of Rs 81.06 crore in the corresponding quarter of the previous fiscal. Revenue from operations of Procter & Gamble Hygiene and Health Care Ltd (PGHH) was marginally up by 0.56 per cent to Rs 937.03 crore in the June quarter. The same stood at Rs 931.75 crore in the corresponding period a year ago. The company's PAT was "significantly up due to the impact of higher advertising investment in the base period," according to the earnings statement from PGHH, which operates in the healthcare and feminine care segment with brands Vicks and Whisper in its portfolio. PGHH's total expenses declined 17.75 per cent to Rs 680.02 crore in the June quarter. Its total income, which includes other income, grew marginally to Rs 944.72 ...

Zaggle acquires Rio Money for ₹22 crore to enter UPI credit card space

Zaggle Prepaid Ocean Services Ltd on Tuesday said it has acquired 100 per cent stake in fintech firm Rio Money for Rs 22 crore in a strategic move to enter the high-growth consumer credit card segment via UPI. With this acquisition, Zaggle, a major player in corporate spend management and commercial cards, has forayed into the rapidly expanding retail credit payments market, the company said in a statement. The acquisition forms part of Zaggle's broader strategy to invest proceeds from its Rs 595 crore QIP towards growth-focused, accretive acquisitions. Founded in 2023, Rio Money offers a cutting-edge UPI app that seamlessly integrates credit into UPI transactions. "Rio brings deep expertise in UPI solutions and the consumer credit cards space, with differentiated product offerings. This acquisition also enables us to drive innovation not only in corporate spend management but also in the consumer credit card segment," said Zaggle's Founder & Executive Chairman Raj P ...

Deepak Fertilisers Q1 results: Profit rises 22% to ₹244 cr on higher sales

Deepak Fertilisers and Petrochemicals Corporation Ltd on Tuesday posted a 22.14 per cent jump in consolidated net profit to Rs 243.86 crore during the June quarter on higher sales. The company reported a net profit of Rs 199.65 crore in the year-ago period, according to a regulatory filing. Total revenue rose 16.54 per cent to Rs 2,658.75 crore during the June quarter of the 2025-26 fiscal year from Rs 2,281.33 crore in a year-ago. Expenses remained higher at Rs 2,337.31 crore as against Rs 2,023.25 crore in the said period. DFPCL Chairman and Managing Director said, "The strong start to FY26 underscores the impact of our strategic transformation and disciplined execution. Our continued focus on specialty products, customer engagement, and operational agility is driving tangible results." The company's net debt further reduced even as "we progressed major capital investments," he said, adding, "This reinforces the strength of our business model." DFPCL manufactures both industria

Zee Media Q1 results: Loss narrows to ₹8.81 crore as revenue grows

Private news broadcaster Zee Media on Tuesday reported a narrowing of its consolidated net loss to Rs 8.81 crore for the June quarter of FY26. The company had posted a net loss of Rs 10.38 crore during the April-June quarter of the previous fiscal, according to a regulatory filing from Zee Media Corporation Ltd (ZMCL). Its revenue from operations rose 3.63 per cent to Rs 182.36 crore in the June quarter. It was Rs 175.96 crore in the corresponding period of the previous fiscal. ZMCL's total expenses were at Rs 194.55 crore, down 2.4 per cent in the June quarter of FY26. Total income of ZMCL, which includes other income, stood at Rs 183.11 crore, up 3.24 per cent. ZMCL is one of the leading news networks in India. Formerly known as Zee News Ltd, it operates a cluster of 20 TV news channels. Shares of Zee Media Corporation Ltd settled at Rs 13.72 apiece on the BSE, up 0.44 per cent from the previous close.

L&T Q1 results: Profit rises 30% to ₹3,617 crore on strong revenue

Infrastructure major Larsen & Toubro (L&T) on Tuesday reported a 29.8 per cent rise in consolidated net profit at Rs 3,617.19 crore for the June quarter on the back of higher revenue from operations. The company had posted consolidated net profit of Rs 2,785.72 crore in the year-ago period, L&T said in a filing to the BSE. The consolidated revenue from operations in the April-June period increased to Rs 63,678.92 crore over Rs 55,119.82 crore in the year-ago period, the filing said. The company achieved "consolidated revenues of Rs 63,679 crore for the quarter ended June 30, 2025, registering a Y-o-Y (year-on-year) growth of 16 per cent with healthy execution witnessed in its key projects and manufacturing portfolio". "This quarter we have performed well across all financial parameters. At a group level, we registered once again, the highest order inflow for Q1 ever," the company's Chairman and Managing Director S N Subrahmanyan said. The consolidated order book of the ...