Mumbai, July 23 (IANS) India’s largest multiplex operator, PVR INOX, on Thursday reported a nearly 70 per cent sequential decline in consolidated net profit to Rs 56.5 crore for the quarter ended June 2026.The multiplex operator clocked Rs 186.7 crore profit posted in the March quarter (Q4 FY26), according to its stock exchange filing.On a year-on-year basis, however, the company returned to profitability after reporting a consolidated net loss of Rs 54.5 crore in the corresponding quarter of th…
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Mumbai, July 21 (IANS) Capital markets regulator SEBI on Tuesday asked depositories to put in place the operational framework and required system upgrades by August 1 to facilitate the implementation of the newly introduced ISIN-level freeze mechanism for promoter and promoter group holdings during share buybacks.In a circular, the regulator directed depositories to issue detailed operational guidelines covering the implementation of the ISIN-level freeze, including the format to be used by list…
New Delhi, July 18 (IANS) JK Cement Ltd on Saturday reported a 14.5 per cent year-on-year decline in consolidated net profit to Rs 278 crore for the first quarter of FY27 despite revenue from operations posting strong double-digit growth.The company’s profit attributable to shareholders stood at Rs 278 crore for the quarter ended June 30, compared with Rs 324 crore in the corresponding quarter of the previous financial year, according to an exchange filing.Meanwhile, operating performance weaken…
Thiruvananthapuram, July 2 (IANS) Kannur International Airport Ltd. (KIAL), one of Kerala’s flagship infrastructure projects that was officially commissioned during the decade-long tenure of the Pinarayi Vijayan government, has come under fresh scrutiny after the KIAL Shareholders’ Association submitted a detailed memorandum to Chief Minister V.D. Satheesan seeking a Vigilance investigation into the airport company’s functioning during the previous regime.The issue assumed political significance…
Mumbai, June 19 (IANS) The National Stock Exchange (NSE) has disclosed in its draft red herring prospectus (DRHP) that a petition pending before the Bombay High Court seeks, among other reliefs, a stay on its proposed initial public offering (IPO) process and directions for greater disclosures regarding its shareholding structure.According to the DRHP filed with the Securities and Exchange Board of India (SEBI), the petitioner has sought a writ directing SEBI to decide a pending representation a…
Mumbai, May 28 (IANS) Pharmaceutical major Alkem Laboratories Limited on Thursday reported a 27.7 per cent decline in consolidated net profit for the fourth quarter of fiscal 2026 (Q4 FY26), impacted by a one-time loss during the quarter.The company posted a net profit of Rs 236 crore for the quarter ended March 2026, compared to Rs 306 crore in the corresponding quarter of the previous financial year (Q4 FY25), according to its stock exchange filing.Alkem Labs said the earnings were affected by…
Mumbai, May 27 (IANS) Footwear major Bata India on Wednesday reported a sharp 95.2 per cent decline in consolidated net profit for the fourth quarter of fiscal 2026 (Q4 FY26), as a one-time loss weighed heavily on its bottom line despite higher revenue growth.The company’s net profit stood at Rs 2.2 crore for the quarter ended March 31, 2026, compared with Rs 45.9 crore in the corresponding period of the previous financial year, according to a stock exchange filing. Bata India said the quarter w…
New Delhi, May 25 (IANS) Navratna public sector undertaking NBCC (India) Limited on Monday reported a sharp rise in its consolidated net profit for the January-March quarter (Q4) of FY26, driven by improved operational performance despite a marginal decline in revenue.The company posted a consolidated net profit of Rs 253.51 crore in Q4 FY26, registering a growth of 38.78 per cent from Rs 182.66 crore reported in the corresponding quarter of the previous financial year (Q4 FY25), according to it…
New Delhi, May 22 (IANS) Quick commerce services provider Swiggy has failed to secure the necessary per cent of shareholders’ approval to alter its Articles of Association, in order to qualify as an Indian-owned and controlled company, according to an exchange filing.The postal ballot on the proposed amendment received 72.36 per cent of votes from shareholders, missing the required threshold by 2.65 per cent, the company said.Postal ballot also sought approval for appointment of Renan De Castro …
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…