Page 7 - Company News

Godfrey Phillips India Q4 results: Net profit up 86% at ₹521.46 crore

Cigarette maker Godfrey Phillips India Ltd on Friday reported an 86 per cent jump in consolidated net profit at Rs 521.46 crore in the fourth quarter ended March 31, 2026, driven by robust sales. The company had posted a consolidated net profit of Rs 279.61 crore in the corresponding quarter of the preceding fiscal, Godfrey Phillips India (GPI) said in a regulatory filing. Consolidated total revenue from operations in Q4FY26 stood at Rs 3,485.54 crore as against Rs 1,887.79 crore in the year-ago period. Total expenses in the quarter under review were higher at Rs 2,968.42 crore, compared to Rs 1,663.92 crore in the corresponding period a year ago. The board of directors has recommended a final dividend of Rs 3.3 per equity share of Rs 2 each for 2025-26, the company informed the stock exchanges. For FY26, consolidated net profit stood at Rs 1,526 crore, compared to Rs 1,072.31 crore in FY25. Consolidated total revenue from operations for the entire financial year stood at Rs 9,12

Musk's lawyer challenges Altman's credibility as OpenAI trial nears end

OpenAI has said the organization is stronger as a for-profit entity, including the nonprofit that is now a shareholder of the corporation, and that Musk simply wanted control

Apple-OpenAI partnership deteriorates as legal options are explored

That could include sending the iPhone maker a notice alleging breach of contract without necessarily filing a full lawsuit at the outset, according to the people

ED freezes ₹526 crore deposits in money laundering case against Gameskraft

The Enforcement Directorate on Thursday said it has frozen Rs 526-crore bank deposits and seized gold jewellery worth Rs 3.5 crore along with Rs 11 lakh in cash after it concluded searches in a money laundering case against online gaming platform Gameskraft and its founders, officials said Thursday. The searches against the Bengaluru-based company were launched on May 7 in Delhi-NCR and the capital city of Karnataka. The raids concluded on May 13, the agency said in a statement. Movable assets like bank and payment gateway deposits, bonds and fixed deposits worth a total Rs 526.49 crore have been frozen while gold, diamond jewellery and bullion worth Rs 3.5 crore and Rs 11 lakh in cash have been seized during the operation conducted under the Prevention of Money Laundering Act (PMLA), it said. Following the raids, the ED had arrested three founders of the company -- Deepak Singh, Prithvi Raj Singh and Vikas Taneja. Gameskraft Technologies Pvt Ltd, as per the ED, hosts rummy games a

Shadowfax Q4 FY26 results: Net profit rises to ₹56 crore, revenue jumps 74%

Third-party logistics firm Shadowfax Technologies on Thursday reported a net profit of Rs 56 crore in the fourth quarter of FY 2025-26, driven by strong revenue growth. The company had posted a net loss of Rs 10 crore in the quarter ended March 31, 2025. Revenue for the quarter under review grew nearly 73.73 per cent year-on-year (YoY) to Rs 1,237 crore from Rs 712 crore a year ago, Shadowfax said in a regulatory filing. For FY26, the company reported a net profit of Rs 112 crore, a multifold jump from Rs 6 crore in FY25. The company said it delivered 22.6 crore orders, comprising both express parcel and hyperlocal segments, with a shipment growth of 100.8 per cent year-on-year. Shadowfax also said it invested Rs185 crore during FY26 in network expansion, sort centres, capacity enhancement and automation. "FY26 has been a defining year for the company as we strengthened the business across scale, profitability and infrastructure. During the year, we invested Rs 185 crore in capex

Siemens Energy India Q4 FY26 results: Net profit jumps 52% to ₹375 crore

Siemens Energy India Ltd (SEIL) on Thursday posted 52.4 per cent rise in net profit at Rs 375 crore for March quarter. It had reported a net profit of Rs 246 crore in the same quarter a year ago, the company said in a statement. Revenue from operations rose 27.4 per cent to Rs 2,394 crore from Rs 1,880 crore in the year-ago period. Siemens Energy India follows October to September as its financial year. "We delivered another strong quarter with a focus on profitable growth and value creation. Despite current global scenario, the company kept its high performance through disciplined execution of its healthy backlog," Managing Director and Chief Executive Officer Guilherme Mendonca said. Demand momentum in India remains strong, driven by electrification, decarbonization and energy security priorities, as well as export opportunities, he added. SEIL provides solutions across the entire energy value chain from power and heat generation, transmission to storage.

Voltas Q4 FY26: Net profit falls 52% to ₹113 cr, revenue inches higher

Voltas Ltd, the air-conditioning maker and engineering services provider, on Thursday reported a 51.87 per cent decline in its consolidated net profit to Rs 113.43 crore for the March quarter of FY26. It had posted a consolidated net profit of Rs 235.69 crore a year ago, according to a regulatory filing by the Tata Group firm. Voltas' revenue from operations was Rs 4,887.83 crore in the March quarter against Rs 4,767.56 crore in the year-ago quarter. Total expenses of Voltas increased 5.3 per cent to Rs 4,709.95 crore in the March quarter. Voltas total income, which includes other income, rose 1.7 per cent to Rs 4,930.46 crore in the fourth quarter of FY26. In the March quarter, Voltas' revenue from "unitary cooling products for comfort and commercial use", which has room AC business, inched up 1 per cent at Rs 3,493.44 crore. It was Rs 3,458.43 crore in the corresponding period of the last fiscal. "Despite geopolitical-related disruptions creating volatility in raw material ...

Tata Motors PV Q4 FY26 results: Net profit falls 31% to ₹5,878 crore

Revenue from operations increased to ₹1.05 lakh crore in the January-March quarter from ₹98,377 crore a year earlier, according to a company filing.

JSW Steel board approves raising ₹14,000 cr; amalgamation of BMM Ispat

JSW Steel on Thursday said its board has approved raising up to Rs 14,000 crore through the issuance of non-convertible debentures and equity shares. The board has also approved the scheme of amalgamation of BMM Ispat with JSW Steel at an enterprise value of Rs 6,400 crore, the company said in a regulatory filing. It said funds will be raised through the issuance of non-convertible debentures with warrants, which are convertible into or exchangeable with equity shares of the company of face value of Re 1 each (the equity shares) at a later date, for an amount not exceeding Rs 7,000 crore, inclusive of such premium as may be decided by the board. Also, the company plans to issue equity shares and/or convertible securities (other than warrants) for an amount not exceeding Rs 7,000 crore, inclusive of such premium as may be decided by the board. In a separate statement, JSW Steel said the board has considered and approved the "Scheme of Amalgamation pursuant to section 230-232 and oth

Kaynes Technologies Q4 result: Profit down 21.5% at ₹91 cr, revenue up 26%

The steep drop in profit was mainly due to higher raw material cost, employee expense and tax

Shriram General Insurance Q4 FY26 results: Net profit rises 28% to ₹167 cr

Shriram General Insurance on Wednesday reported a 28 per cent year-on-year growth in net profit at Rs 167 crore in the January-March quarter of FY26, citing a higher premium income. Net profit during the fourth quarter of FY25 stood at Rs 130 crore, the company said in a statement here. For the full FY26 fiscal, the net profit rose 17 per cent to Rs 601 crore from Rs 515 crore recorded in FY25. The company said it has logged a 21 per cent year-on-year rise in gross direct premium income in the fourth quarter of FY26, outperforming the general insurance industry's growth rate of 11 per cent. In absolute terms, gross direct premium income rose to Rs 1,332 crore in the quarter under review from Rs 1,099 crore recorded in the corresponding period of the preceding fiscal year, driven mainly by growth in its motor insurance portfolio, the insurer said. For the full 2025-26 fiscal, the company posted a 24 per cent increase in premium income to Rs 4,636 crore, compared with Rs 3,753 crore

Quick-commerce firms push deeper into smaller cities as metro growth slows

Amazon and Flipkart are expanding dark-store networks beyond major urban markets as competition and saturation pressure profitability in metros

Tata Motors Q4FY26 results: Consolidated PAT rises 35% to ₹1,800 crore

Consolidated revenue for Q4FY26 stood at ₹26,100 crore, up 19 per cent year-on-year, while EBITDA margin improved to 13.1 per cent from 11.6 per cent a year earlier

Berger Paints India Q4 FY26 results: Net profit rises 27% to ₹335 crore

Berger Paints India Ltd on Tuesday reported a 27.52 per cent rise in consolidated net profit at Rs 335.25 crore for March quarter FY26 helped by improvement in product mix and softening of raw material prices. The company had logged a profit of Rs 262.91 crore in the year-ago period, Berger Paints India said in a regulatory filing. Revenue from operations in the quarter stood at Rs 2,868.03 crore as against Rs 2,704.03 crore a year ago. Total expenses were higher at Rs 2,499 crore as compared to Rs 2,380.55 crore. "The progressive demand improvement seen in the previous quarter continued into the fourth quarter which enabled the achievement of a healthy volume growth of 11.8 per cent for the quarter. This growth was supported by a qualitative improvement in mix and softening of raw material prices..." Berger Paints India Managing Director & CEO Abhijit Roy said. The automotive segment performed strongly following the increased demand post GST cuts and lower financing costs. This ..

Rustomjee Q4 profit falls 19% despite strong growth in revenue, pre-sales

Keystone Realtors reported lower quarterly profit due to legacy projects, while revenue, pre-sales and project additions recorded strong growth

Bajaj Group turns 100: PM Modi lauds a century of nation-building efforts

The diversified Bajaj group, having interests in auto and financial services, turned 100 years old on Monday. Prime Minister Narendra Modi lauded the group's work through the decades, noting that it has helped in the cause of nation-building. "Over the decades, the Bajaj Group has played an important role in nation-building by creating jobs, fostering innovation and supporting community development," Modi said in a congratulatory message. The group celebrated with an event in central Mumbai on Monday that was attended by a slew of politicians, business people and others. Founded in 1926 in Mumbai by Jamnalal Bajaj, who was also actively involved in the freedom struggle and is considered the fifth adopted son of Mahatma Gandhi, the group now has a market capitalisation of USD 148 billion and employs 1.3 lakh people. Amid the greater thrust on domestic manufacturing, Niraj Bajaj, the chairman of Bajaj Auto, reminded that India's journey towards self-reliance did not begin recently,

Sindhuja Microcredit raises $5 million in pre-Series D funding round

Rural-focused microfinance institution Sindhuja Microcredit on Monday said it has raised USD 5 million (Rs 47 crore) in a pre-series D funding round from its existing investors. The funding round saw participation from Abler Nordic, GAWA Capital (through its vehicle Huruma Fund) and Oikocredit, the company said in a statement. The Noida-headquartered NBFC-MFI will utilise the fresh capital to strengthen its capital base, support business expansion, and scale up access to credit for underserved communities. "We are making significant progress in our mission in touching the lives of low-income women borrowers from under-served households as well as in making financial services accessible to the financially excluded and MSME entrepreneurs through efficient, customer-friendly and technology-enabled solutions," Sindhuja Microcredit Co-Founders Abhisheka Kumar and Malkit Singh Didyala said in a joint statement. "The latest funds will drive us to the next phase of growth by further expand

Birla Corporation Q4 FY26 results: Net profit rises 15% to ₹294.8 crore

M P Birla Group firm Birla Corporation Ltd on Saturday reported a consolidated net profit of Rs 294.77 crore in the March quarter of 2025-26 on a year-on-year basis. It had posted a net profit of Rs 256.6 crore for the January-March period a year ago, according to a regulatory filing from Birla Corporation. However, Birla Corporation's revenue from operations was marginally up at Rs 2,836.12 crore in the March quarter of FY26. It was at Rs 2,814.91 crore in the corresponding period a year ago. This was "owing to poor realisation from the cement business and external shocks affecting the performance of Birla Jute Mills," said Birla Corporation in its earnings statements. Total expenses of Birla Corporation were at Rs 2,522.18 crore, up 1 per cent in the March quarter. Birla Corporation's revenue from the Cement business was marginally up to Rs 2,716.06 crore in the fourth quarter of FY'26. It was at Rs 2,691.84 crore in the corresponding quarter. Its cement sales by volume grew by

L&T secures mega JSW Steel order for capacity expansion in Ballari, Paradip

L&T has secured its largest domestic metals-sector order from JSW Steel to build critical facilities as the steelmaker expands capacity in Ballari and Paradip

L&T Q4FY26 results: Net profit declines 3% to ₹5,325.60 cr; revenue up 11%

L&T posts marginal decline in Q4 profit due to base effect, while revenue grows 11% on strong order inflow; board recommends Rs 38 per share dividend