Market watchers may believe the weak GMP reflects concerns over the IPO’s rich valuation rather than the company’s business fundamentals. Manipal Health is one of India’s largest hospital chains, but analysts have noted that much of its growth potential may already be priced into the issue. As a result, expectations of significant listing gains have…
Sheela Foam Ltd., the maker of polyurethane (PU) foam and owner of mattress brands Sleepwell and Kurlon, reported a sharp jump in earnings for the quarter ended June 30, helped by broad-based growth across its mattress and foam businesses. The company also crossed two important operational milestones, with quarterly revenue exceeding ₹1,000 crore and EBITDA…
Kalyan Jewellers reported a strong performance for the quarter ended June 30, with consolidated net profit rising 32% year-on-year as robust sales helped revenue cross the ₹10,500-crore mark. However, the company’s operating margin narrowed during the quarter, indicating that costs increased faster than operating earnings. The jewellery retailer posted a consolidated net profit of ₹348.7…
Meesho’s large block deal on Tuesday, August 4, saw early investors Peak XV Partners and Elevation Capital paring their holdings, while marquee global and domestic institutional investors picking up shares. The two venture capital firms together sold a 2.3% stake in Meesho, comprising 10.5 crore shares, for ₹1,949 crore. Societe Generale emerged as the largest…
Maharatna PSU Oil & Natural Gas Corporation Ltd. (ONGC) reported a stronger-than-expected June quarter on Tuesday, with profit more than doubling sequentially as higher realisations from premium-priced new well gas lifted earnings, even as production remained largely flat. The state-run explorer also reaffirmed its long-term production strategy, backed by an ongoing ₹40,000 crore investment programme…
United Breweries reported a mixed June quarter on Tuesday, delivering revenue and operating profit ahead of Street expectations even as higher input costs linked to the Middle East conflict weighed on profitability. Strong premium beer demand and disciplined working capital management helped cushion the impact, while the company remained optimistic about the long-term growth of…
State-run hydropower producer NHPC Ltd. reported a marginal improvement in profitability for the first quarter of FY27, with higher revenue and a sharp improvement in operating performance helping offset a muted rise in the bottom line. The company reported a consolidated net profit of ₹1,095.87 crore for the quarter ended June 30, 2026, compared with…
Namit Singh Sengar is a Chief Copy Editor with over seven years of experience in delivering content across diverse domains. Specialising in business news across personal finance, real estate, IPOs and markets, Namit brings an editorial eye and a deep understanding of complex subjects to his work. His educational foundation includes Post Graduate Diploma in…
ONGC Q1 results FY27: Oil and Natural Gas Corporation (ONGC) on Tuesday had reported a sharp rise in standalone net profit for the June quarter, while consolidated earnings declined due to losses at subsidiary HPCL. ONGC Q1 results FY27 Standalone performance surges According to the exchange filing, ONGC’s standalone net profit jumped 112.3 per cent…
Infrastructure developer Welspun Enterprises Ltd reported a decline in profitability for the first quarter of FY27, with net profit falling 22% year-on-year as lower revenue and operating earnings weighed on performance. The company posted a consolidated net profit of ₹81 crore for the quarter ended June 30, 2026, compared with ₹103 crore in the corresponding…
