Thermax reported an 83.4% year-on-year decline in consolidated net profit for the quarter ended June 30, as profitability came under significant pressure despite an increase in revenue. The energy and environment solutions company posted a consolidated net profit of ₹25 crore, down from ₹152 crore a year earlier. Revenue from operations, however, rose 6.7% to…
“Food delivery economics continue to strengthen as we innovate across affordability and consumer propositions to broaden adoption and unlock the next 100 million users in the category. Out-of-home consumption remains a profitable, fast-growing part of our business, making meaningful progress. In quick commerce, we delivered contribution breakeven exactly as we guided a year ago- a…
“…subject to necessary statutory, regulatory and other approvals, as may be necessary, the Board of Directors have considered and approved the draft Scheme of Arrangement (“Scheme”) between Vedanta Limited (“Company” or “Demerged Company”) and Vedanta Property Platforms Limited (“Resulting Company”) and their respective shareholders and creditors for the demerger of the Demerged Undertaking (as defined…
Ajay Goel, Group CFO, Vedanta, said, “Vedanta’s demerger is unlocking significant shareholder value, with combined market cap of resulting companies growing by over Rs 71k crore in the 1st quarter. Vedanta Limited has delivered strong Q1 results with PAT growing to Rs 5,294 crore, up 152% YoY & EBITDA to Rs 8,469 crore, up 98%…
Sarmeeli Mallick is a senior journalist with nearly a decade of experience in digital journalism. With a master’s degree in Journalism and Mass Communication from Utkal University, Bhubaneswar, she has a proven track record of impactful reporting, having filed over 19,000 news stories since beginning her career in May 2016. Her diverse background, rooted in…
PSP Projectsreported a sharp rise in consolidated net profit for the quarter ended June 2026, with profit surging to ₹18.34 crore from ₹0.42 crore in the corresponding quarter last year, driven by strong growth in revenue. The low base of the year-ago quarter also magnified the percentage increase in profit, making this one of the…
Ajanta Pharma Ltd. reported a healthy set of June quarter earnings, with strong growth in its US generics business and steady performance across key domestic and international markets helping lift both revenue and profit. The company also rewarded shareholders with a generous interim dividend, while continuing to invest in research and product development. Net profit…
Shares of Vedanta Aluminium Metal Ltd. recovered as much as 3% from the lows of the day on Thursday, July 30, in response to the company’s June quarter results, which were strong on a sequential basis. This is the first quarter of Vedanta Aluminium reporting results as a standalone entity after demerging from the parent…
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…
Shares of IRB Infrastructure Developers jumped more than 2% on Thursday, July 30, after the company reported a strong set of earnings for the June quarter, with consolidated net profit rising 51.2% to ₹306.3 crore from ₹202.5 crore last year, owing to higher toll collections. Revenue increased 1.8% to ₹2,137.3 crore during the quarter from…
