New Delhi, July 17 (IANS) Shares of tyre maker CEAT fell more than 9 per cent in early trade on Friday after the company reported a sharp decline in net profit in its June quarter earnings, with higher input costs squeezing margins despite healthy revenue growth.The stock dropped as much as 9.3 per cent to an intraday low of Rs 3,473.05 on the BSE by 10:18 a.m., compared with its previous close of Rs 3,829.30.The company reported a 96 per cent year-on-year decline in consolidated net profit to R…
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Mumbai, July 15 (IANS) Fintech and broking firm Angel One Limited on Wednesday reported a 27.8 per cent quarter-on-quarter (QoQ) decline in its consolidated net profit for the first quarter of FY27 amid lower revenue and a contraction in operating margins.The company posted a consolidated net profit of Rs 231 crore for the April-June quarter, compared with Rs 320 crore in the preceding quarter (Q4 FY26), according to its stock exchange filing.Revenue from operations also declined 2.1 per cent se…
Mumbai, July 14 (IANS) Jindal Saw Limited on Tuesday reported a 75 per cent year-on-year (YoY) decline in profitability for the quarter ended June 2026 (Q1 FY27).The iron and steel pipes manufacturer posted a consolidated net profit of Rs 104 crore in the first quarter of FY27, down from Rs 424 crore in the corresponding period last financial year (Q1 FY26).Revenue from operations rose 9 per cent year-on-year to Rs 4,452 crore, compared with Rs 4,085 crore in the year-ago quarter, as per its sto…
Mumbai, July 13 (IANS) GM Breweries, one of the largest manufacturers of country liquor in the state of Maharashtra, has reported a 30.2 per cent sequential decline in its consolidated net profit for the first quarter of FY27.The Maharashtra-based alcoholic beverages maker reported a consolidated net profit of Rs 37.74 crore for the quarter ended June 30 (Q1 FY27), down from Rs 54.07 crore in the preceding January-March quarter (Q4 FY26), according to its exchange filing.On a year-on-year basis,…
New Delhi, July 10 (IANS) Elecon Engineering Company Ltd on Friday reported a sharp 60 per cent year-on-year decline in its consolidated net profit for the first quarter of FY27, as margin pressure weighed.The company’s consolidated net profit stood at Rs 70.4 crore during the April-June quarter, compared with Rs 175 crore in the corresponding period of the previous financial year, according to the exchange filing.On a standalone basis, the company’s net profit declined 75.5 per cent year-on-yea…
New Delhi, July 8 (IANS) Tata Motors on Wednesday unveiled an ambitious five-year roadmap for its passenger vehicle business, targeting annual sales of more than 1.2 million units by FY30, a 20 per cent share of the domestic passenger vehicle market and revenues of Rs 1.4 lakh crore, backed by investments of nearly Rs 40,000 crore in products and manufacturing.Speaking at the company’s 81st annual general meeting held virtually on Wednesday, Tata Motors Chairman Natarajan Chandrasekaran said the…
New Delhi, June 29 (IANS) State-owned Bharat Petroleum Corporation Ltd (BPCL) on Monday announced that it will acquire a 40 per cent stake in Tiki Tar and Shell India Pvt Ltd (TTSIPL) for Rs 85 crore to strengthen its presence in the rapidly growing value-added bitumen (VAB) market.The strategic investment is aimed at accelerating BPCL’s expansion in India’s infrastructure sector, where demand for specialised bitumen products is expected to grow alongside road and airport construction, the PSU f…
New Delhi, June 24 (IANS) Bharat Dynamics has won an order worth Rs 1,347.71 crore from Hindustan Aeronautics Limited (HAL) for the manufacture of military hardware, including helicopter-mounted missile launchers, the defence PSU informed the stock exchanges on Wednesday.The order includes Helina Launchers and Line Replaceable Units (LRUs) worth Rs 1,109.37 crore and Counter Measures Dispensing System LRUs valued at Rs 238.34 crore.The contract will be executed in 24 to 60 months, Bharat Dynamic…
New Delhi, June 12 (IANS) India’s flexible office sector crossed the 100 million sq ft mark and ended FY26 on its strongest commercial footing yet, with robust revenue growth, expanding profitability and increasing enterprise adoption, a report said on Friday.The report from flexible workspace platform myHQ said Global Capability Centres accounted for a record 45.5 per cent of all office leasing in Q1 CY26 and that enterprise clients contributed the majority of revenue across every listed oper…
New Delhi, June 8 (IANS) India’s largest steelmaking public sector company Steel Authority of India Limited on Monday said it will prioritise value‑added and special steel products with sharper focus on customer engagement and cost optimization.Outlining its future plans, the company said it is firmly committed to volume expansion and cost optimisation, which are aligned with the government’s vision of Viksit [email protected] ongoing global volatility, the company had reported a robust …