Kolkata-based defence PSU Garden Reach Shipbuilders & Engineers Ltd on Tuesday (April 28), posted a 24% YoY rise in net profit for Q4FY26 at ₹303.19 crore against ₹244.2 crore. Revenue for the quarter increased 29% to ₹2,119 crore from ₹1,642 crore in the corresponding period last year. EBITDA rose 61% to ₹355 crore in Q4,…
The artificial intelligence wave is exposing deep structural cracks in India’s IT services model, with Nilesh Shah warning that large firms may struggle to pivot quickly enough to keep pace with disruption. Speaking to CNBC-TV18, Shah said expectations of a recovery within 12–18 months may be too optimistic, given the scale of change required. “This…
General insurance firm Go Digit General Insurance Ltd on Tuesday (April 28) reported a 29.2% rise in fourth quarter net profit at ₹149.4 crore from ₹116 crore in the year-ago period. For FY26, profit before tax stood at ₹632 crore compared with ₹425 crore in FY25. Gross written premium (GWP) increased 6.18% to ₹2,735.7 crore…
Edible oil major AWL Agri Business Ltd, formerly known as Adani Wilmar, on Tuesday (April 28) reported a 53.5% rise in its Q4 net profit at ₹292 crore compared with ₹190 crore in the year-ago period. Revenue for the quarter increased 17.7% year-on-year to ₹21,465 crore from ₹18,230 crore last year, marking the company’s highest…
Leading plywood and laminates maker Greenply Industries Ltd on Tuesday (April 28) reported an 86.4% rise in its fourth quarter net profit at ₹30.7 crore compared with ₹16.5 crore in the year-ago period. This included an exceptional one-time item of ₹15.2 crore. For FY26, net profit was ₹89.8 crore, also influenced by an exceptional one-time…
Venture capital firm Peak XV Partners Investments on Tuesday (April 28) has sold a 7.9% stake in One MobiKwik Systems Ltd for ₹133 crore through a block deal. The shares were sold at an average price of ₹214.01 per share. In the same transaction, Viridian Asia Opportunities Fund bought 13.2 lakh shares for ₹28.3 crore,…
Nifty Prediction for tomorrow, April 29 by experts: For Wednesday’s trading session, analysts expect the Nifty to remain range-bound with a slight negative bias, as global cues and investor caution continue to weigh on sentiment. The Indian stock markets closed in the red on Tuesday, April 28, as benchmark indices struggled to sustain momentum amid…
Canara HSBC Life Insurance Company on Tuesday reported a nearly 9% rise in net profit to ₹35 crore for the fourth quarter ended March 2026. The insurer had clocked a net profit of ₹32 crore in the year-ago period. However, the total income of the firm promoted by Canara Bank declined to ₹1,268 crore from…
OneSource Specialty Pharma Ltd on Tuesday (April 28) said its sterile product division (SPD) facility in Bengaluru has received an EU GMP Certificate of Compliance of a Manufacturer from the competent German authority, the State Office for Occupational Safety, Social Affairs and Health of Schleswig-Holstein. The certificate is dated April 27, 2026 and follows an…
Auto components maker Motherson Sumi Wiring India Ltd on Tuesday (April 28) reported a 1.4% rise in fourth-quarter net profit at ₹167 crore, compared with ₹165 crore in the year-ago period. Revenue for the quarter rose 32.9% to ₹3,334.6 crore from ₹2,509.5 crore a year earlier. EBITDA increased 1% to ₹274 crore in the March…
