Shares of Housing & Urban Development Corporation Ltd. (HUDCO) ended with gains of over 2% on Thursday, May 14, in response to its results for the March quarter. HUDCO’s net profit more than doubled from last year to ₹1,981 crore from ₹728 crore last year, aided by a tax credit of over ₹1,300 crore. The…
Muthoot Fincorp Ltd on Saturday (May 16) said its board has approved raising funds through an initial public offering (IPO) of equity shares aggregating up to ₹4,000 crore, subject to shareholder approval. The proposed IPO will comprise a fresh issue of equity shares with a face value of ₹10 each. The company said the issue…
ENIL Q4 result 2026: Entertainment Network (India) Ltd (ENIL) has announced its financial results for the quarter ended March 2026. ENIL, the operator of Radio Mirchi and the audio streaming platform Gaana, has released its results for the financial year 2026 as well as for the quarter ending March 2026. The company stated that it…
Citi’s India Research Head Surendra Goyal flags a tougher macro setup driven by rising oil prices, a weaker rupee, and El Niño risks. He warns of earnings downside if oil stays above $100. On IT services, Goyal remains underweight, citing competitive fragmentation, GCC expansion, and growing AI disruption from players like OpenAI and Claude. Q4…
West Asia conflict: A Suezmax tanker carrying Iraqi crude oil, which has reportedly crossed the Strait of Hormuz in recent days, is heading towards India, Bloomberg reported. The movement of commercial vessels — typically observed daily in both directions along the waterway — dropped to five on Friday, down from 11 the previous day. According…
Telecom passive infrastructure solutions provider Pace Digitek Ltd on Saturday (May 16) said it has received a contract worth ₹709.9 crore, including GST, from NLC India Renewables Ltd for a Battery Energy Storage System (BESS) project in Tamil Nadu. The contract covers design, engineering, supply excluding power transformers, manufacturing, forwarding, unloading, storage at site, erection,…
Shares of Patel Engineering Ltd. declined over 2% on Thursday, May 14, after the company reported a mixed March quarter performance, with revenue and operating profit declining year-on-year, while net profit more than doubled. Revenue for Q4FY26 fell 11.8% year-on-year to ₹1,421.5 crore from ₹1,611.8 crore in the corresponding quarter last year. Earnings Before Interest,…
JSW Steel reported a strong set of fourth-quarter earnings, with revenue, EBITDA and operating margins coming in ahead of Street estimates, supported by improved steel realisations and operational performance. The company reported revenue of ₹51,180 crore for the March quarter, marking a 14.2% year-on-year increase from ₹44,819 crore. The topline also surpassed the CNBC-TV18 poll…
The equity benchmark indices BSE Sensex and NSE Nifty ended higher for the second consecutive session on Thursday (May 145), led by gains in banking, pharma and metal stocks, while the Nifty closed above the 23,650 mark. The Sensex rose 790 points to close at 75,399, while the Nifty gained 277 points to settle at…
Three-wheeler maker Atul Auto Ltd on Saturday (May 16) reported a 106.9% year-on-year jump in net profit for the fourth quarter at ₹14.8 crore, compared with ₹7.2 crore in the corresponding quarter last year. Revenue for the quarter rose 14% year-on-year to ₹240.6 crore from ₹211 crore, while EBITDA increased 80.7% to ₹27.3 crore from…
