Page 8 - Company News

Restaurant Brands Asia Q1 loss narrows to ₹28.35 crore as revenue rises 18%

Burger King operator reports its strongest same-store sales growth in 15 quarters as revenue rises 18% and Inspira Global completes acquisition of a controlling stake

Torrent Power posts 11% drop in Q1 profit amid higher finance costs

Revenue rose 3%, while higher finance costs and LNG supply disruptions weighed on earnings. The company completed the acquisition of Nabha Power during the quarter

DLF Q1 FY27 result: Profit rises 4% to ₹794 cr despite 46% income fall

Realty major DLF Ltd on Monday reported a 4 per cent increase in its consolidated net profit to Rs 793.90 crore for the quarter ended June despite a fall in total income. Its net profit stood at Rs 762.67 crore in the year-ago period. Total income declined to Rs 1605.56 crore in the first quarter of the 2026-27 fiscal from Rs 2,980.88 crore in the corresponding period of the preceding year, according to a regulatory filing. DLF is the country's largest real estate developer in terms of market capitalisation.

Jindal Stainless Q1FY27: Profit rises 7.6% to ₹769 crore, revenue up 11%

Jindal Stainless Ltd on Monday reported a 7.6 per cent year-on-year rise in consolidated net profit to Rs 769 crore in the June quarter, on higher revenues. During the same quarter a year ago, the company had posted a net profit of Rs 715 crore, an exchange filing said. The company's revenue from operations increased 10.5 per cent year-on-year (YoY) to Rs 11,279 crore in Q1 FY27 from Rs 10,207 crore in the April-June period of the preceding fiscal. Its consolidated net debt stood at Rs 2,950 crore at the end of the June quarter. Jindal Stainless Managing Director Abhyuday Jindal said the performance remained resilient against an exceptionally dynamic operating environment, marked by supply chain disruptions and evolving global trade conditions. Arising from the West Asia crisis, the initial weeks of the quarter witnessed disruptions in the availability of industrial gases, the company said, adding its management proactively mitigated the impact by increasing the use of piped natur

Ather Energy Q1FY27 result: Net loss narrows to ₹51 crore, sales jump 81%

Electric two-wheeler maker Ather Energy Ltd on Monday reported narrowing of consolidated net loss at Rs 51.09 crore in the June quarter, riding on strong sales. The company had posted a consolidated net loss of Rs 178.23 crore in the corresponding period last fiscal year, Ather Energy Ltd said in a regulatory filing. Wholesales in the first quarter were at 83,173 units as compared to 46,078 units in the year-ago period, a growth of 81 per cent, the company said in an investor presentation. Total expenses in the first quarter were higher at Rs 1,310.74 crore as compared to Rs 851.14 crore in the same period a year ago, it added. Commenting on the performance, Ather Energy Co-founder & CEO, Tarun Mehta, said, "We continued to see strong demand across our portfolio, as structural tailwinds from both policy support and shifting customer sentiment translated into a massive upsurge for our products, with demand far outstripping supply." He further said, "This gives us confidence that ..

Escorts Kubota Q1FY27: Revenue jumps 28% Y-o-Y, profit at ₹386 crore

Farm and construction equipment major Escorts Kubota Ltd on Monday reported a consolidated net profit at Rs 385.93 crore in the first quarter ended June 30. The company had posted a consolidated net profit of Rs 1,397.1 crore in the corresponding period previous fiscal, Escorts Kubota Ltd said in a regulatory filing. In Q1 FY26, the company had a net profit from discontinued operations of Rs 1,027.63 crore. The corresponding quarter of the previous year included a one-time gain from the divestment of the RED (railway equipment business division) segment, as well as an exceptional gain from the sale of land and building. Accordingly, net profit including discontinued operations for Q1 FY27 is not directly comparable with Q1 FY26, the company said. Consolidated revenue from operations in the first quarter was at Rs 3,207.55 crore as against Rs 2,500.05 crore in the year-ago period, Escorts Kubota Ltd said. Tractors volumes in the first quarter were at 36,862 units, up 20.5 per cent

Zepto seals pre-IPO fundraise, defers listing to focus on execution

Quick-commerce major Zepto on Saturday said that it has reached an agreement with major shareholders to close a pre-IPO private placement of equity ahead of its planned stock market listing to strengthen its balance sheet. The company stated that the fresh financing will add to its existing cash reserve of Rs 5,681 crore. As of March 31, 2026, the firm reported having zero debt. "As part of the IPO process, the Board and Founders have received terms from public market investors to list the company and are appreciative of the expressed interest. However, at this time, and afforded by the company's strong balance sheet, Zepto will focus on continued execution. "The company will update its DRHP filing for the operating results and financials in the coming quarters and intends to list within the timeframe provided by SEBI for its approved UDRHP," Zepto said. Zepto is set to raise funds at a valuation of around USD 4.5 billion (around Rs 42,925 crore). This capital infusion is expected

Air India deploys new Boeing 787-9 aircraft on Delhi-Toronto route

Air India on Saturday said it has deployed its new B787-9 aircraft on the Delhi-Toronto route and has expanded its Canada operations for the Winter 2026-27 season with a new non-stop service between Mumbai and Toronto. The development will see overall capacity between India and Canada increasing by 4,400 seats each month, with premium seat capacity to Toronto boosting by 71 per cent, Air India said. The launch of a seasonal 3x weekly non-stop service between Mumbai and Toronto between October 25 this year and March 26 next year will add nearly 2,000 seats each week between the two countries, making Air India the only carrier operating direct flights between the two cities, the airline said. The service will be operated by Air India's Boeing 777-300ER aircraft with significantly upgraded cabin interiors, featuring eight luxurious first class suites with privacy sliding doors, 40 flat beds in business class, and 280 seats in economy, it said. Through Air India's hubs at Mumbai and ..

Raymond Lifestyle Q1 result: Loss widens to ₹22.6 crore; revenue up 6%

Raymond Lifestyle has reported widening of its consolidated loss to Rs 22.59 crore for the June quarter of 2026-27 against Rs 19.82 crore in the same period of the last year. Its revenue from operations rose by 6 per cent to Rs 1,515.51 crore in the June quarter compared to Rs 1,430.43 crore in the year-ago period, , according to a regulatory filing from Raymond Lifestyle, a Raymond Group firm. "This performance was led by premiumization in the domestic business and significant volume recovery in the Garmenting business, buoyed by the US-India Tariff rationalisation and the implementation of UK FTA, resulting in a robust order book," said Raymond Lifestyle in its earning statement. Revenue of Branded Textile and High Value cotton shirting segment was lower compared to the previous year due to a base effect. Total expenses of Raymond Lifestyle were up 6 per cent to Rs 1,598.60 crore in the June quarter. Its total income was at Rs 1,560.27 crore, up 5.78 per cent during the ...

Muthoot Finance Q1 result: Profit jumps 43% to ₹2,825 crore, names new MD

Gold loan NBFC Muthoot Finance on Saturday reported a 43 per cent increase in its consolidated profit to Rs 2,825 crore for the first quarter ended June 2026. The company had posted a profit of Rs 1,974 crore in the corresponding quarter of the previous year. Total income rose to Rs 8,695 crore for the quarter under review from Rs 6,485 crore in the April-June quarter of FY26, Muthoot Finance said in a regulatory filing. At the same time, total expenses increased to Rs 4,898 crore as against Rs 3,812 crore reported in the first quarter of the previous financial year. The company's loan assets under management increased 43 per cent to Rs 191,532 crore as against Rs 1,33,938 crore last year in the same period. The board in its meeting also recommended the appointment of Alexander George as the managing director of the company, effective October 1, 2026. The appointment is subject to approval of the shareholders in the upcoming AGM of the company, it said. The board also cleared the

CBI books Anil Ambani, Reliance Capital over ₹1,816 crore EPFO loss

The CBI has registered an FIR against Reliance Capital Limited (RCL) and its former chairman Anil D Ambani for allegedly causing a loss of Rs 1,816.22 crore to the EPFO, officials said on Saturday. Ambani, however, denied any wrongdoing, according to a statement issued by his spokesperson. The action follows a July 21 complaint from the Union Ministry of Labour and Employment alleging commission of offences of cheating, criminal conspiracy and causing wrongful loss to the Employees' Provident Fund Organisation (EPFO), the officials said. "The present complaint is being lodged on behalf of EPFO through its authorised officer pursuant to the approval of the competent authority in relation to the substantial loss suffered by the EPFO arising out of its investment in the secured Non-Convertible Debentures issued by Reliance Capital Limited and the subsequently discovered material indicating fraudulent conduct connected with such investment," the complaint alleged. Responding to the ...

Hero MotoCorp, Suzuki Motorcycle India report strong sales growth in July

Two-wheeler market leader Hero MotoCorp on Saturday reported an 18.6 per cent rise in total sales at 5,33,416 units in July 2026 as compared to 4,49,755 units in the same month last year. Domestic sales were at 5,01,403 units last month as compared to 4,12,397 units in July 2025, up 21.6 per cent, Hero MotoCorp said in a statement. Motorcycle sales were at 4,68,565 units last month as against 4,00,615 units in July 2025. Scooter sales were also higher at 64,851 units as against 49,140 units in the year-ago month. Exports were down 14.3 per cent at 32,013 units as against 37,358 units in the year-ago month, it added.

Royal Enfield reports 34% growth in July sales to 118,232 units

Motorcycle maker Royal Enfield on Saturday reported a 34 per cent increase in total sales at 1,18,232 units in July 2026. The company had sold a total of 88,045 units in the same month last year, Royal Enfield said in a statement. Domestic sales last month were at 1,05,317 units as against 76,254 units in July 2025, a growth of 38 per cent, it added. Exports were up 34 per cent at 12,915 units as compared to 11,791 units in the same month last year, the company said.

Maruti Suzuki logs record July domestic PV sales; jumps 34% to 241,421 unit

Car market leader Maruti Suzuki India Ltd on Saturday reported a 34 per cent rise in total sales at 2,41,421 units in July as compared to 1,80,526 units in the same month last year. Total domestic passenger vehicle sales were at 1,96,203 units last month as compared to 1,37,776 units in July 2025, a growth of 43.4 per cent, Maruti Suzuki India said in a regulatory filing. In July 2026, the company clocked its best-ever passenger vehicle sales in the domestic market. Total domestic sales, including LCVs, reached an all-time high of 2,00,123 units, the company said. Sales of mini cars comprising Alto and S-Presso were at 12,634 units as compared to 6,822 units in the year-ago month. Sales of compact car, including Baleno, Celerio, Dzire, Ignis, Swift, and WagonR, rose at 90,822 units last month as compared to 65,840 units in July 2025. Sales of utility vehicles consisting of Brezza, Ertiga, e Vitara, Fronx, Grand Vitara, Invicto, Jimny, Victoris and XL6, were at 78,851 units as com

Vodafone Idea gets ₹26.83 crore DoT notice over spectrum rollout delay

The Telecom Department has issued a notice to Vodafone Idea for payment of Rs 26.83 crore in liquidated damages, citing alleged default in minimum rollout obligations in respect of spectrum allocated under auctions of 2022, the telco said on Saturday. The company said it is reviewing the notice received on Friday (July 31) and evaluating next steps. On the details of the notice, issued by the Department of Telecom, Vodafone Idea (VIL) in a BSE filing said that this is for payment of "liquidated damages amounting to Rs 26.83 crore for alleged default in compliance of minimum rollout obligations in respect of spectrum allocated under Spectrum Auction conducted in 2022". The violation pertains to network rollout obligations as specified under the Notice Inviting Applications 2022 (the bid document), which needs to be complied with once the spectrum is assigned. Vodafone Idea, however, said there is no financial or other impact on operations. "The company is reviewing the notice and .

Kia India's July sales up 27.4 pc at 28,200 units, led by Seltos and Sonet

Automaker Kia India on Saturday reported a 27.4 per cent rise in wholesale dispatches at 28,200 units in July 2026 as compared to 22,135 units in the same month last year. This marks Kia India's best-ever July wholesale performance since inception, the company said in a statement. "Our best-ever July wholesale performance reflects the continued trust of our customers and the strong acceptance of Kia's diverse product portfolio. Building on our record H1 performance, we have maintained healthy momentum across key segments," Kia India Senior Vice President, Sales & Marketing, Atul Sood, said. The company said July sales were on the back of continued momentum driven by Seltos and Sonet, supported by sustained demand for Carens Clavis, Clavis EV, and MY26 Syros.

Coal India production rises 8.4% to 50.36 MT in July; offtake hits record

State-owned CIL on Saturday said its production grew 8.4 per cent to 50.36 million tonnes (MT) in July. Coal India Ltd (CIL) accounts for over 80 per cent of domestic coal output. Despite challenges posed by the rains, the company recorded healthy growth in coal production. Simultaneously, it has sustained strong momentum in coal supplies through a demand-responsive inventory optimisation strategy, enabling it to maintain a comfortable balance between production and supplies. "Coal India Ltd recorded a robust operational performance in July 26-27, registering an 8.44 per cent growth in coal production," it said in a statement. Coal supplies also increased 18.38 per cent to 64.19 MT during July, over the year-ago period. "Coal supplied in July FY27 marks the highest-ever coal offtake for the month in any financial year. The previous highest July supply stood at 60.5 MT, achieved in FY 24-25," the statement said. The strong operational momentum follows another record performance in

Maruti Suzuki Q1 net falls 9% despite jump in sales, as costs rise

Higher commodity, energy and logistics costs, along with temporary supplier support measures, weighed on Maruti Suzuki's Q1 earnings despite record domestic sales and exports

Urban Company slips to ₹92 crore net loss in Q1 despite revenue growth

Home services marketplace Urban Company on Friday reported a consolidated net loss of Rs 92.12 crore for the first quarter ended June 30, 2026. The company had posted a consolidated net profit of Rs 6.94 crore in the corresponding period of the previous fiscal, according to a regulatory filing. Revenue from operations during the quarter under review stood at Rs 528.34 crore, marking a growth of 43.85 per cent from Rs 367.27 crore in the April-June period of the preceding financial year. On a sequential basis, the net loss narrowed from Rs 161.16 crore in the preceding March quarter, while revenue rose 24 per cent from Rs 425.56 crore. The company's total expenses rose to Rs 639.88 crore in the first quarter of FY27, compared to Rs 384.25 crore in the year-ago period, driven largely by higher employee benefit expenses, purchases of stock-in-trade, and other costs. In a shareholder letter, Urban Company said its consolidated Net Transaction Value (NTV) grew 42 per cent year-on-year

Shree Cement Q1 profit declines 17.48%, revenue rises to ₹6,233 crore

Shree Cement Ltd on Friday reported a 17.48 per cent decline in consolidated net profit to Rs 531.12 crore in the June quarter of FY27 due to higher input costs. The company had posted a net profit of Rs 643.66 crore in the April-June period a year ago, the Bangur family-promoted firm said in a regulatory filing. The country's third largest cement group by capacity registered an 18 per cent growth in revenue from operations to Rs 6,233.13 crore in the June quarter of FY27, compared to Rs 5,280.88 crore in the corresponding quarter of the preceding fiscal. The company's operating profit declined due to higher fuel and raw material costs resulting from the impacts of the West Asia crisis, an earnings statement said. Cement sales volume grew by 17 per cent year-on-year to 10.23 million tonnes (MT) in Q1 FY27, compared to 8.74 MT in Q1 FY26. Total sales volume (including clinker) grew by 17.2 per cent to 10.49 MT from 8.95 MT. Its Ready-Mix Concrete (RMC) business witnessed high growt