Mumbai, April 15 (IANS) Industrial gearbox manufacturer and a premier material handling equipment (MHE) provider Elecon Engineering Company Limited on Wednesday reported a sharp 96 per cent drop in its net profit to Rs 6 crore for the fourth quarter (Q4) of FY26, mainly due to a large exceptional loss during the period.The company had posted a net profit of Rs 146.48 crore in the same quarter previous financial year (Q4 FY25), according to its stock exchange filing.The steep decline in profit wa…
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Mumbai, Feb 12 (IANS) Hindalco Industries, the flagship metals company of the Aditya Birla Group, on Thursday reported a 45 per cent fall in its consolidated net profit for the December quarter (Q3 FY26).The company’s net profit declined to Rs 2,049 crore in the December quarter, compared with Rs 3,735 crore in the same period last financial year (Q3 FY25), according to its stock exchange filing.On a sequential basis, profit after tax fell even more sharply by 57 per cent from Rs 4,741 crore r…
Mumbai, Jan 15 (IANS) Stock broking firm Angel One Limited on Thursday reported a 4 per cent year-on-year (YoY) decline in its consolidated net profit to Rs 269 crore for the third quarter (Q3 FY26). Along with the results, the company’s board approved an interim dividend of Rs 23 per share and a stock split in the ratio of 1:10, according to its stock exchange filing.The company’s revenue for the quarter rose 5.8 per cent year-on-year to Rs 1,334.8 crore, compared with Rs 1,262.2 crore in t…
New Delhi, Jan 12 (IANS) Rising enrolments and fee hikes will help educational institutions in India log an 11–13 per cent increase in total income in FY26 and the next fiscal year, a report said on Monday.The report from Crisil Ratings said that this fiscal will mark the sector’s fifth straight year of double‑digit growth, driven largely by higher spending on education by households as incomes improve, the report said.It said operating margins are expected to remain steady at 27–28 per …