Mumbai, May 18 (IANS) Government-owned Life Insurance Corporation of India on Monday received approval from its shareholders for the allotment of fully paid-up bonus equity shares worth Rs 6,352 crore.The shares, which carry a face value of Rs 10, are being issued in a 1:1 ratio, effectively doubling its paid-up share capital. Under this structure, shareholders receive one new bonus equity share for every one existing share held. This is the first-ever bonus issue announced by the LIC.The compan…
Latest Net Profit News & Updates
Mumbai, May 12 (IANS) Torrent Power on Tuesday reported a sharp 70 per cent decline in consolidated net profit for the fourth quarter of FY26 at Rs 318 crore, compared to Rs 1,059.57 crore in the corresponding quarter of the previous financial year (Q4 FY25). The company had posted a net profit of Rs 643.08 crore in the preceding quarter, according to its stock exchange filing.The company’s revenue from operations, however, remained largely stable during the January-March quarter at Rs 6,406.0…
Mumbai, May 11 (IANS) Heritage Foods on Monday reported a 36.7 per cent year-on-year decline in consolidated net profit for the fourth quarter (Q4) of FY26, as higher milk procurement costs and supply-side constraints weighed on margins despite steady revenue growth.The company posted a consolidated net profit of Rs 24.16 crore for the January-March quarter, compared to Rs 38.17 crore in the corresponding period previous financial year (Q4 FY25), according to its stock exchange filing.Revenue fr…
New Delhi, May 10 (IANS) Amit Chadha, the Chief Executive Officer and Managing Director of L&T Technology Services, received a total remuneration of Rs 14.96 crore for the financial year 2025-26, marking a decline of 17.4 per cent from the previous fiscal year, according to the company’s annual report.The report showed that Chadha’s compensation package included a base salary of Rs 5.77 crore, commission earnings of Rs 2.62 crore and variable pay amounting to Rs 1.68 crore.He also receiv…
Mumbai, May 8 (IANS) State Bank of India on Friday reported a modest 1.1 per cent year-on-year (YoY) rise in consolidated net profit for the fourth quarter (Q4) of FY26, aided by steady growth in advances and deposits.India’s largest lender posted a net profit of Rs 20,1 61.30 crore for the January-March quarter, compared to Rs 19.941.39 crore in the corresponding period previous financial year (Q4 FY25), according to its stock exchange filing.However, the lender’s standalone net profit jump…
Mumbai, May 5 (IANS) Shares of Voltamp Transformers Limited plunged 20 per cent on Tuesday, hitting the lower circuit after the company reported a sharp decline in earnings for the March 2026 quarter.The stock fell to Rs 10,016 on the National Stock Exchange of India (NSE), wiping out significant investor wealth and dragging the company’s market capitalisation down to Rs 14,649.59 crore.By mid-afternoon session, the stock was trading at Rs 10,116, down over 19 per cent from its previous close …
New Delhi, May 2 (IANS) India’s largest depository, Central Depository Services (India) Limited (CDSL), on Saturday reported a 20 per cent year-on-year decline in consolidated net profit for the March quarter in FY26.According to the company’s exchange filing, profit after tax (PAT) for the quarter stood at Rs 80 crore, compared with Rs 100 crore in the year-ago period. On a standalone basis, net profit fell 15 per cent to Rs 68.8 crore, from Rs 80.8 crore a year earlier.Meanwhile, revenue f…
Mumbai, April 30 (IANS) IDBI Bank on Thursday reported a 5 per cent decline on its net profit for the fourth quarter ended March 31 (Q4 FY26) to Rs 1,943 crore.The bank clocked a net profit of Rs 2,051 crore in the corresponding quarter of the previous financial year (Q4 FY25), according to its stock exchange filing.It reported 11.7 per cent year-on-year (YoY) jump in its net interest income to Rs 7,798 crore in Q4 FY26, compared to Rs 6,978 crore in year-ago period.However, operating performanc…
New Delhi, April 28 (IANS) Leading automaker Maruti Suzuki India Ltd on Tuesday reported more than 6 per cent decline in consolidated net profit for Q4 FY26 on year-on-year basis, even as revenue increased, according to its exchange filing.The automaker posted a consolidated net profit of Rs 3,659 crore for the January-March quarter, down 6.4 per cent year-on-year from Rs 3,911 crore, and lower by 5.7 per cent quarter-on-quarter from Rs 3,879 crore.In terms of revenue, the company saw a rise of …
New Delhi, April 23 (IANS) IT services major Infosys on Thursday reported a 28 per cent quarter-on-quarter growth in its consolidated net profit for the fourth quarter of FY26.The company posted a net profit (after non-controlling interests) of Rs 8,501 crore, an increase of 21 per cent (year-on-year) compared to Rs 7,033 crore in Q4 FY25. On a sequential basis, profit jumped 27.8 per cent from Rs 6,654 crore in Q4.Operating profit stood at Rs 9,743 crore, up 13.6 per cent year-on-year and up 16…