Business

Dalmia Bharat reported steady operational growth in the January–March quarter, with revenue from operations rising 3.76 per cent year-on-year to Rs. 4,245 crore. In the corresponding period of the previous financial year, revenue stood at Rs. 4,091 crore. The company had posted a net profit of Rs. 439 crore in the same quarter a year earlier, according to a regulatory filing. Earnings before interest, tax, depreciation, and amortisation (EBITDA) witnessed a sharp increase to Rs.

The Enforcement Directorate (ED) has attached fresh assets worth Rs. 3,034 crore in its ongoing money laundering investigation involving companies of the Reliance Anil Ambani Group. According to sources, the attached properties are linked primarily to Reliance Communications and Reliance Infrastructure, encompassing a diversified portfolio of real estate and financial holdings. These include residential and commercial properties in Mumbai, a farmhouse in Khandala, land parcels in Sanand near Ahmedabad, and a substantial equity holding of 7.71 crore shares in Reliance Infrastructure.

Supreme Industries Ltd reported a mixed financial performance, marked by strong revenue growth in the fourth quarter but a slight decline in annual profitability. The company achieved double-digit expansion in quarterly revenue, supported by robust operational activity, while expenses rose at a comparatively slower pace. Despite this, full-year profit edged lower, reflecting margin pressures and cost dynamics across the business. Total income for the fiscal year recorded steady growth, indicating sustained demand across segments.

Axis Bank reported a marginal decline in standalone net profit for the March quarter, reflecting pressure on margins despite steady loan growth. Net profit slipped to Rs. 7,071.31 crore from Rs. 7,117.50 crore a year earlier. While core net interest income rose 5 percent to Rs. 14,457 crore, supported by a 19 percent increase in advances, a 0.35 percent contraction in net interest margin to 3.62 percent weighed on profitability. Non-interest income declined 11 percent year-on-year, while the bank set aside Rs.

Adani Green Energy Limited is accelerating its transition toward reliable clean power with a major investment in battery storage infrastructure. The company plans to deploy over 10 GWh of energy storage capacity by FY27, backed by an estimated investment of Rs 15,000 crore. This expansion builds on its existing pipeline and aligns with India’s broader push for round-the-clock renewable energy.

India’s postal network has reported a strong financial performance for the fiscal year 2025–26, registering revenue of Rs. 15,296 crore—marking a 16 percent year-on-year increase. The milestone reflects a strategic transformation driven by service expansion, customer acquisition, and operational efficiency improvements. Government leadership has described the year as historic, underscoring the department’s evolving role beyond traditional mail services into logistics, financial inclusion, and e-commerce support.

Alok Industries reported a widened consolidated net loss of Rs. 192.54 crore for the quarter ended March 2026, compared with a loss of Rs. 74.47 crore in the same period last year. The textile manufacturer, jointly owned by Reliance Industries and JM Financial Asset Reconstruction, saw revenue from operations rise 3.14 per cent year-on-year to Rs. 982.97 crore, reflecting modest operational growth. However, elevated financial pressures and declining total income weighed on overall performance. Despite a 1.42 per cent reduction in total expenses to Rs.

French spirits giant Pernod Ricard reported an impressive 11% revenue growth in India for the March quarter of 2026, underscoring the country’s strategic importance to its global business. The performance was bolstered by robust consumer demand, a continued shift toward premium products, and the divestment of its Imperial Blue whisky brand. India remains Pernod Ricard’s largest market by volume and second-largest by value, reflecting both scale and rising affluence.

Godrej Industries Group has initiated a significant leadership transition, appointing Pirojsha Godrej as its next chairperson, effective August. He will succeed Nadir Godrej, who will assume the role of chairman emeritus. This carefully structured succession underscores the group’s commitment to continuity, governance, and long-term strategic stability. The transition reflects a broader generational shift within the conglomerate, balancing legacy with innovation.

Nimbus Projects reported a sharp 77 percent rise in sales bookings for the March quarter, reaching Rs. 281.24 crore compared to Rs. 158.90 crore a year earlier. Despite this quarterly momentum, full-year pre-sales moderated to Rs. 545 crore in FY26 from Rs. 653 crore in the previous fiscal. The performance reflects resilient homebuyer demand in key markets, supported by timely project execution and disciplined sales strategies.