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…
Latest revenue News & Updates
Mumbai, July 9 (IANS) Tata Consultancy Services (TCS), India’s largest software services exporter, on Thursday reported a consolidated net profit of Rs 13,349 crore for the first quarter of FY27, down around 3 per cent from Rs 13,718 crore recorded in the January-March quarter of the previous financial year (Q4 FY26). On a year-on-year basis, however, net profit rose 5 per cent from Rs 12,760 crore reported in the corresponding quarter last year (Q1 FY26).Revenue from operations increased 14 per…
Mumbai, July 8 (IANS) Ahead of its much-awaited initial public offering (IPO), the National Stock Exchange (NSE) has reported a slowdown in its core operating performance, with revenue from key business segments and trading activity declining during FY26, according to its Draft Red Herring Prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI).The exchange’s total revenue from operations fell to Rs 16,601.3 crore in FY26 from Rs 17,140.67 crore in FY25, marking a decline …
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, July 7 (IANS) Cult.fit, the fitness and wellness platform backed by prominent investors including Temasek, Tata Digital, Accel and Kalaari Capital, has filed its Draft Red Herring Prospectus (DRHP) for an initial public offering (IPO), but the filing also lays out several business and operational risks that prospective investors will need to weigh.The proposed IPO comprises a fresh issue of shares worth up to Rs 950 crore and an offer for sale (OFS) of up to 17.86 crore equity shares …
Mumbai, July 7 (IANS) The National Stock Exchange’s proposed Rs 30,000 crore initial public offering, expected to be the largest share sale in Indian history, comes after a decade-long delay caused by the co-location controversy. Even as the exchange prepares to list, recent regulatory curbs on derivatives trading have weighed on its revenue, profitability and market share, raising fresh questions ahead of the long-awaited IPO, as per the Value Research report.The roadblock stemmed from the co…
New Delhi, July 1 (IANS) The number of motorists using FASTag annual passes on highways has shot up to 19 per cent of all toll pass traffic, which represents a six percentage point growth in the last six months from around 13 per cent in December 2025, according to figures compiled by the Reserve Bank of India (RBI).The total vehicle trips through toll gates in June this year touched 44.4 crore, in which annual passes accounted for 8.4 crore. The 36 crore trips cumulatively raised Rs 7,214 crore…
New Delhi, July 1 (IANS) The gross Goods and Services Tax (GST) collections rose 13.9 per cent year-on-year to Rs 1.94 lakh crore in June, driven by strong growth in revenues from imports, according to official data released on Wednesday.Gross GST revenue stood at Rs 1,94,812 crore in June, compared with Rs 1,71,105 crore in the corresponding month last year.The increase was led by a 34.6 per cent jump in GST revenue from imports to Rs 60,038 crore, while gross domestic GST revenue rose 6.5 per …
New Delhi, June 28 (IANS) As GST, considered the biggest tax reform since India’s independence, completes 9 years on July 1, it has also gained near-universal acceptance among businesses as a simple and trusted digital ecosystem, according to the latest Deloitte Survey.The next phase, GST 2.0, will move beyond digitalisation to an intelligent, predictive and integrated framework, with businesses seeking AI-driven compliance, data-led dispute reduction and a seamless, unified taxpayer experienc…
Chennai, June 25 (IANS) Tamil Nadu Electricity Minister C.T.R. Nirmal Kumar on Thursday released a white paper detailing the financial status of the Tamil Nadu Electricity Board (TNEB), revealing that the state’s power sector has accumulated an outstanding debt of Rs 2.47 lakh crore. Despite the mounting financial burden, the minister assured consumers that electricity tariffs would not be increased during the current year.The white paper, released at the TNEB headquarters in Chennai, presents a…