Jubilant Pharmova Ltd reported a mixed set of fourth-quarter earnings for FY26, with strong topline growth offset by margin pressure that weighed on profitability during the quarter. The company posted a 23% year-on-year decline in consolidated net profit at ₹119 crore for the March quarter, compared with ₹154 crore in the corresponding period last year….
Shares of India’s largest drugmaker, Sun Pharma Ltd., fell up to 3% on Friday, May 22, after the company reported March quarter results that were a miss compared to what the street had anticipated. For the quarter, Sun Pharma’s profitability grew by 26% from last year to ₹2,714 crore, which is in-line with the CNBC-TV18…
Shares of Electronics Mart India Ltd. gained over 7% on Friday, May 22, reacting to their fourth quarter earnings, which were better year-on-year across all parameters. Net profit for the quarter increased by 50% from last year to ₹40 crore from ₹27 crore. Revenue grew by 15% year-on-year to ₹1,913 crore from ₹1,664 crore earlier….
3M India Ltd announced a hefty shareholder payout after reporting strong fourth-quarter earnings for FY26 on Friday, with the board recommending a total dividend of ₹506 per equity share comprising a final dividend of ₹160 and a special dividend of ₹346 per share. The company has fixed July 17, 2026 as the record date to…
Multi-asset infrastructure developer Dilip Buildcon Ltd (DBL) on Friday (May 22) said the company, through its DBL-RBL (Ranjit Buildcon Ltd) joint venture, has received a letter of award (LOA) worth ₹268 crore (excluding GST) for an EPC project in Gujarat. The order has been awarded by the Narmada Water Resources, Water Supply & Kalpasar department,…
Global pharmaceutical major Lupin Limited on Friday announced that China’s National Medical Products Administration has approved its Abbreviated New Drug Application for Oseltamivir Phosphate for oral suspension, developed in partnership with Yabao Pharmaceuticals. The approval marks Lupin’s first product entry into the Chinese market, representing a development in the company’s global expansion plans. Oseltamivir Phosphate…
Auto components maker Minda Corporation Ltd on Friday (May 22) reported a consolidated net profit of ₹125 crore for the fourth quarter of FY26, up about 140% from ₹52 crore in the corresponding quarter last year. It achieved its highest-ever quarterly revenue of ₹1,704 crore, up 29% year-on-year from ₹1,321.3 crore, surpassing industry growth and…
Colgate-Palmolive (India) Limitedreported fourth-quarter earnings with revenue and EBITDA surpassing CNBC-TV18 poll estimates, while net profit came in marginally below expectations. The company posted a net profit of ₹353.3 crore for the quarter, slightly below the CNBC-TV18 estimate of ₹357 crore. Profit declined 0.5% year-on-year from ₹355 crore in the corresponding quarter last year. Revenue…
Hindalco Industries Limited, the Aditya Birla Group metals flagship, reported a sharp rise in standalone fourth-quarter earnings, with net profit surging 88% year-on-year to ₹2,934 crore from ₹1,561 crore in the corresponding period last year. The strong profit was driven by robust revenue growth and improvement in operating margins during the quarter. Revenue rose 36.3%…
Brokerage Elara Capital said early signs are emerging that the global investor rush into artificial intelligence (AI) and commodity trades may be losing momentum, while foreign fund outflows from India have begun to moderate. In its latest “Global Liquidity Tracker” report dated May 22, Elara said global emerging markets (EMs) witnessed a sixth straight week…
