PTC Industries Limited has received a development order from Gun Factory Kanpur for two major artillery gun components, strengthening the company’s presence in India’s defence manufacturing ecosystem. The company disclosed the development in a stock exchange filing on Friday. According to the company, the order reinforces its growing role in manufacturing advanced, mission-critical components for…
WPIL Ltd reported a 53% rise in consolidated net profit to ₹60.3 crore from ₹39.5 crore a year earlier, for the quarter ender June 30, 2026. Revenue from operations increased 32% to ₹500.4 crore from ₹378.58 crore in the corresponding quarter last year. Earnings before interest, taxes, depreciation and amortisation (EBITDA) climbed 53% to ₹75.3…
Indian benchmark indices ended largely in the red on Friday (July 24), with the Sensex falling 332 points to 76,060 and the Nifty 50 declining 102 points to 23,767, failing to hold the 23,800 mark. Here are the key reasons behind today’s market decline:1. Auto stocks witnessed profit booking Auto stocks came under selling pressure…
Welspun Corp‘s consolidated revenue from operations rose 14.9% year-on-year to ₹4,081.1 crore from ₹3,551.5 crore in the corresponding quarter last year. While the topline missed analysts’ estimates of around ₹4,400 crore, earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 31.8% to a record ₹692 crore from ₹525 crore a year ago. Operating margin expanded…
Bengaluru-based private hospital network Manipal Health Enterprises is focusing on expanding its existing network and improving operations after the proposed IPO, while keeping acquisitions as an opportunity rather than the main growth strategy. Managing Director & CEO Dilip Jose said, “We have about 3,000 beds coming on stream through green fields and brownfield expansions, acquisitions…
Proposed US tariffs on pharmaceutical imports could ultimately work in favour of leading Indian drugmakers, despite the short-term disruption they may cause, according to Nandan Kulkarni, Director – India Healthcare at Bernstein. He believes higher drug prices, temporary shortages and the ability to shift manufacturing to the US could allow Indian pharmaceutical companies to capture…
CG Power and Industrial Solutions posted a consolidated net profit of ₹313 crore for the quarter ended June, up 16.4% from ₹269.2 crore a year earlier. The profit, however, was below the CNBC-TV18 poll estimate of ₹349 crore. The Murugappa Group company’s revenue from operations rose 14% year-on-year to ₹3,280.8 crore, compared with ₹2,878 crore…
Bank of Baroda reported a sharp 72% year-on-year decline in June quarter net profit after booking a one-time exceptional loss, while net interest income (NII) also came in below Street expectations. The state-owned lender posted a standalone net profit of ₹1,278 crore for the quarter ended June, compared with ₹4,541.4 crore in the year-ago period….
Ramkrishna Forgings reported a 297.63% year-on-year jump in consolidated profit after tax (PAT) to ₹46.88 crore for the quarter ended June 30, 2026, from ₹11.79 crore a year earlier. Revenue from operations rose 19.84% to ₹1,216.67 crore from ₹1,015.26 crore, while earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 46% to ₹222 crore from…
IT solutions provider Orient Technologies Ltd on Friday (July 24) said it has received a purchase order worth ₹76.2 crore, excluding Goods and Services Tax (GST), from the National Payments Corporation of India (NPCI) for the supply of servers. The company said the order includes supply of servers along with end-of-sale support and seven years…
