Firm says GST rate rejig, duty changes have led to an unprecedented increase in tax incidence on cigarettes
State-owned REC Ltd on Thursday said its consolidated net profit dipped slightly by 0.58 per cent to Rs 4,052.44 crore in the December quarter of FY26, mainly due to higher expenses. The company recorded a consolidated net profit of Rs 4,076.35 crore in the year-ago quarter ended December 2024, a regulatory filing showed. Total expenses rose to Rs 9,903.89 crore in the reporting quarter from Rs 9,105.94 crore in the same period a year ago. Total income also rose to Rs 15,058.60 crore in the quarter from Rs 14,286.91 crore a year ago. The board also approved the third interim dividend at 46 per cent (Rs 4.601 per equity share of face value of 10 each) for 2025-26. The record date for the dividend payment is February 6, and the payment shall be paid on or before February 27.
Canara Bank's Q3FY26 profit rose 25.6% driven by non-interest income, but shares slid nearly 5% as NII growth stayed muted and margins narrowed
KPIT's Q3FY26 profit fell sharply due to labour code provisions, even as revenue rose on Europe recovery and growth in connected and autonomous vehicle services
Vedanta posted quarterly Ebitda of ₹15,171 crore, up 34 per cent year-on-year, with Ebitda margin rising 629 basis points to 41 per cent
Shaving products maker Gillette India Ltd on Thursday reported a 36.9 per cent increase in profit to Rs 172.46 crore for the December quarter of FY26 on a year-to-year basis. The company had reported a profit of Rs 125.97 crore in the October-December quarter of the preceding year, according to a BSE filing from Gillette India. Its revenue from operations increased 15.23 per cent to Rs 790 crore in the December quarter. It was at Rs 685.55 crore in the corresponding period a year ago. Gillette India's total expenses were up 7.16 per cent in the December quarter to Rs 565.38 crore. Its revenue from the grooming segment was up 13.39 per cent to Rs 647.06 crore in the December quarter. Revenue from oral care was up 24.4 per cent to Rs 142.94 crore. The total income of Gillette India, which includes other income, was at Rs 797.52 crore, up 14.79 per cent in the December quarter of FY26. Moreover, Gillette India has declared an interim dividend of Rs 180 per equity Share, which also
The Noida-based company recorded a net profit of Rs 21 crore in Q2FY26
The conglomerate warned that a new excise duty on cigarettes will lead to a rise in illicit trade, causing hardship and loss to millions of farmers, MSMEs, retailers, and local value chains
Colgate Palmolive India's December-quarter profit remained unchanged as costs from new labour codes and GST-related charges offset modest revenue growth
Leading air-conditioning maker and engineering services provider Voltas Ltd on Thursday reported a 35.4 per cent decline in its consolidated net profit to Rs 84.46 crore for the December quarter of FY26. It had posted a consolidated net profit of Rs 130.76 crore in the October-December period a year ago, according to a regulatory filing from the Tata Group firm. Voltas' revenue from operations declined 1.1 per cent to Rs 3,070.77 crore in the December quarter of FY26, compared with Rs 3,105.11 crore in the corresponding quarter of the previous fiscal. Total expenses of Voltas stood at Rs 2,945.19 crore, almost flat in the December quarter. Commenting on the results, its Managing Director Mukundan Menon C P said: "In Q3, the Room Air Conditioner business remained the anchor of our overall performance, navigating inherent seasonality and the impact of a shorter second summer through stronger channel momentum, improved product mix, and the benefit of the GST rate reduction." In the .
Swiggy's quick commerce GOV rose 103.2% Y-o-Y to ₹7,938 cr while its average order value increased about 40 per cent to ₹746
Tata Motors posted a 48 per cent Y-o-Y fall in profit for Q3FY26 due to exceptional items related to demerger and Labour Code expenses, even as revenue rose more than 16 per cent
Air-conditioner and refrigerator maker Blue Star Ltd on Thursday said its consolidated profit declined 39.2 per cent year-on-year to Rs 80.55 crore in the December quarter of FY26, citing a flat growth in the room AC business. The company posted a net profit of Rs 132.46 crore in the October-December quarter a year ago, according to a regulatory filing. The board of the home-grown cooling product maker has approved the re-appointment of B Thiagarajan as Managing Director from April 1, 2026 to May 24, 2027. Revenue from operations increased by 4.2 per cent to Rs 2,925.31 crore in the December quarter of FY26. It was at Rs 2,807.36 crore in the year-ago period. "In Q3FY26, the company delivered moderate revenue growth despite market challenges. The room AC business recorded modest growth, primarily driven by channel partners building inventory ahead of the mandatory energy-label transition effective January 1, 2026," Blue Star said in its earnings statement. Total expenses were at R
Emkay Global Financial Services highlighted that while overall CIF and assets under management (AUM) growth remained soft, mirroring broader industry trends, spending momentum was robust.
Sensex Today | Stock Market Highlights: Among the broader baskets, the Nifty Midcap 100 and Nifty Smallcap 100 indices ended higher by 0.18 per cent and 0.20 per cent, respectively
Adani Power attributed the decline in Q3 profit to lower one-time prior period income recognised during the quarter, as compared to the corresponding quarter of FY25
The scrip slumped 9.69 per cent to ₹358.20, the lowest level since April 7, 2025 on the National Stock Exchange (NSE).
The stock price of Maruti Suzuki India was quoting lower for the seventh straight trading session, falling 12 per cent during the same period.
During Q3FY26, Apar Industries witnessed a 19.4 per cent year-on-year rise in net profit to ₹209 crore, compared with ₹175 crore reported during Q3FY25
Sagility's profit after tax (PAT) grew 23 per cent year-on-year to ₹322.9 crore in Q3FY26 compared to ₹262.6 crore in the year-ago period