Markets

Suba Hotels Posts 34% Revenue Growth and Hits Key Operational Milestones in Q1 FY27 Suba Hotels Limited has reported strong business updates for the first quarter of Fiscal Year 2027 (Q1 FY27), showcasing robust growth across financial performance and network expansion. The company achieved a significant milestone by simultaneously inaugurating seven hotels on Founder's Day, April 7, 2026.The hotel chain reported total revenue of ₹26.8 Crore in Q1 FY27, marking a 34% revenue growth compared to the previous period. Operating efficiency metrics also saw substantial improvements. Average Room Rate (ARR) increased by 4.30%, reaching ₹3,138.15, while occupancy grew by 4.89 percentage points to 52.98%.Key performance indicators for Q1...

Bajaj Electricals Reports Q1 FY27 Results; Achieves 6.6% EBIT Margin Amid Strategic Growth Bajaj Electricals Limited announced its results for the first quarter ended June 30, 2026, noting a significant turnaround in profitability and operational performance across its business units. The company reported a total revenue from operations of Rs. 1,089 Cr., achieving an EBIT margin of 6.6%.The results demonstrate robust growth in the Consumer Products segment, which recorded a positive EBIT margin of 3.9%, despite a challenging operating environment marked by input cost inflation and uneven summer demand. The company confirmed that it maintains a strong balance sheet with cash equivalents and surplus investments totaling Rs. 884 crores...

Mphasis ESG Rating Upgraded by CRISIL; Overall and Core Scores Rise Mphasis Ltd has seen an improvement in its Environmental, Social, and Governance (ESG) profile following a review by Crisil ESG Ratings & Analytics Limited. The rating changes reflect enhancements across both the overall ESG score and the specialized Core ESG rating.CRISIL assigned Mphasis an overall ESG rating of 'Crisil ESG 67', marking an upgrade from its previous standing of 'Crisil ESG 64'. This update highlights a strengthening of the company's ESG commitments as evaluated by the rating agency.In addition, the company received an upgraded Core ESG rating of 'Crisil Core ESG 73'. This Core score represents an improvement from the previous assessment of 'CRISIL...

Procter & Gamble Health Limited Approves Unaudited Financial Results for Quarter Ended June 30, 2026 Procter & Gamble Health Limited has approved its Unaudited Financial Results for the quarter ended June 30, 2026. The results were formally reviewed and ratified by the Board of Directors of the company.The Unaudited Financial Results provide insight into the company's financial standing across the specified quarters. The Statement includes key operational metrics such as revenue, expenses, and profit figures for comparison over three periods: the current quarter ended June 30, 2026; the preceding three months ended March 31, 2026 (Audited); and the corresponding three months ended June 30, 2025 (Unaudited).The financial performance...

Powerica Limited Secures Letter of Award for 100 MW Wind Power Project Powerica Limited has successfully received a Letter of Award (LOA) from Solar Energy Corporation of India Limited (SECI). The award pertains to the supply of power from a wind power project with a capacity of 100 MW.The LOA, dated August 05, 2026, confirms Powerica's role in developing and operating the renewable energy venture. The project is located in Gujarat, and SECI is the domestic entity awarding the contract to Powerica Limited.Key terms and conditions of the significant order are detailed below:AspectDetailsAwarding EntitySolar Energy Corporation of India Limited (SECI)Project Capacity100 MW Wind Power ProjectLocationGujarat, IndiaPPA...

SJVN Limited Announces 38th AGM; Approves Dividend, Ratifies Auditor Remuneration, and Appoints New Directors SJVN Limited announced that its 38th Annual General Meeting (AGM) is scheduled for August 31, 2026. The company will host the meeting through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The AGM agenda includes critical business items such as the adoption of annual financial statements and the declaration of a final dividend, alongside several key director appointments.The board has fixed August 24, 2026, as the Record Date for determining eligibility for the payment of Final Dividend.Financial Decisions and Shareholder Voting Details Key resolutions set for shareholder approval include the adoption of the...

Trent Limited Announces Q2 Financial Results; Confirms Senior Leadership Transition and Auditor Rotation Plans Trent Limited, a Tata Enterprise, has reported its unaudited financial results for the quarter ended June 30, 2026, alongside details concerning senior managerial changes and the rotation of statutory auditors, as approved by its Board of Directors on August 6, 2026.The company’s performance indicators were reviewed against previous periods. Key figures from the unaudited Standalone Financial Results for the quarter ended June 30, 2026, are presented below:ParticularStandalone (Q2 '26)Standalone (Q2 '25)Revenue from operations5,666.30 Rs. in Crore4,781.25 Rs. in CroreTotal Income5,696.48 Rs. in Crore4,822.10 Rs. in...

Indo MIM Stock Soars Past IPO Highs: 82% Gain Fuels Strong Outlook Amid Market Caution Shares of Indo-MIM continued their strong ascent on Thursday, surging over 10% to reach Rs 862 on the BSE. This movement extended the stock’s gains significantly beyond its issue price, hitting a remarkable 82% gain since the company's listing debut. The robust performance highlights immense investor confidence in the specialized manufacturing sector.Stock Movement and Investor Sentiment Indo-MIM debuted strongly in the market on July 30, launching with substantial momentum. The stock opened at Rs 703 on the BSE and Rs 700 on the NSE, compared to its issue price of Rs 485. This debut registered a strong listing pop, achieving a 44.95% premium to its...

Edelweiss Financial Services Reports Robust Growth in Consolidated PAT, Driven by Diversified Business Lines Edelweiss Financial Services Limited reported a significant increase in its consolidated Profit after Tax (PAT) for the quarter ended June 30, 2026. The company demonstrated strong performance across its diversified portfolio of seven core businesses while continuing to strengthen its balance sheet and expand customer reach.The Consolidated PAT (Post MI) grew by 83% year-over-year to $13 Mn. Simultaneously, the company's total customer reach increased by 30% year-over-year, reaching 14 Mn customers. Customer assets stood at $30 Bn, marking a 23% increase year-over-year.The company maintained a resilient balance sheet, noting...

Standard Engineering Technology Reports Strong Q1 FY27 Results, Advances into AI Datacenter Infrastructure and Global Glass-Lining Technology Standard Engineering Technology Limited (SETL), a leading high precision engineering company in India, reported robust financial results for the first quarter of Fiscal Year 2027 (Q1 FY27). The Company achieved significant growth across its core engineering business while announcing two landmark strategic moves: entering the AI Datacenter Infrastructure market and deepening its technology partnership with a Japanese leader in advanced glass-lining.The quarterly earnings demonstrated broad-based growth, fueled by investments into new high-growth sectors. SETL saw its Total Income rise 41.5%...

Sensex Surges on Expiry Day as CAS Chaos Sees Nifty Close Flat Amid Market Divergence The Indian stock market presented a tale of two indices on Thursday, showcasing significant divergence following the conclusion of the closing auction session (CAS). While the Sensex rallied sharply on expiry day, Nifty 50 managed only a marginal gain, highlighting the complexity and sectoral differences within the benchmark indices.CAS Divergence: Sensex Rallies as Nifty Holds Steady The BSE Sensex experienced robust gains, climbing nearly 374 points to settle at 78,955 on Thursday. In stark contrast, Nifty 50 closed almost flat, registering a modest gain of just 11 points and finishing at 24,636.Market breadth showed a slight tilt towards...

Edelweiss Reports 83% Year-on-Year Growth in Consolidated PAT for First Quarter FY27; Highlights Robust Business Expansion Edelweiss Financial Services Limited reported unaudited, limited reviewed financial results for the first quarter ended June 30, 2026. The company posted a Consolidated Profit After Tax (PAT) of INR 122 Cr, marking an 83% year-on-year rise. Overall consolidated revenue stood at INR 2,419 Cr, as the conglomerate continues to demonstrate strong growth across its diversified financial services portfolio and maintain a resilient balance sheet.The company’s operational performance highlights were presented alongside key financial metrics for the quarter, driven by robust activity in Alternative Asset Management (AMS)...

Zim Laboratories Approves Unaudited Financial Results for Quarter Ended June 30, 2026 Zim Laboratories Limited announced the outcomes of its Board meeting held on August 6, 2026, confirming the approval of its unaudited financial results for the quarter ended June 30, 2026. The Consolidated and Standalone statements were subjected to a limited review by Deloitte Haskins & Sells LLP.The company's consolidated performance demonstrated mixed trends across the respective periods. For the quarter ended June 30, 2026, Total income stood at 9,517.08 (in lakhs). This followed by expenses totaling 10,074.38, resulting in a loss before tax of (557.30) and a net profit after tax attributable to owners of (401.68).The performance metrics for...

Goodluck Defense and Aerospace Limited Board Approves Preferential Equity Issue to Raise Funds Goodluck India Limited has confirmed that the Board of Directors of its subsidiary, Goodluck Defense and Aerospace Limited, approved a plan for issuing further equity shares. This move aims to raise funds through preferential and private placement involving non-promoter categories.The decision was made by the Board of Directors during its meeting held on Thursday, August 6, 2026. The board considered and sanctioned the issuance of equity shares to individuals belonging to the Non-Promoter category.Under this plan, the company intends to raise up to Rs. 285 crores through the fundraising initiative.The issue details specify a price of Rs...

Super Spinning Mills Limited Approves Unaudited Financial Results for Quarter Ended June 30, 2026 Super Spinning Mills Limited has released its unaudited financial results and a limited review report for the quarter ending June 30, 2026. The Board of Directors approved these results during a meeting held on August 06, 2026.The company's performance across various operational areas is detailed in the comprehensive statements, which include segment-wise reporting and a breakdown of continuing and discontinued operations.Quarterly Financial Highlights (in Rs. Lakhs) The financial data for the quarter ending June 30, 2026, shows the following key results compared to previous periods:ParticularsJune 30, 2026 (Unaudited)Three Months...

Afcons Secures ₹1,918 Crore Contract for Desalinated Water Tunnel Project in Mumbai Afcons Infrastructure Ltd has received a Letter of Acceptance (LoA) from the Brihanmumbai Municipal Corporation (BMC) for the Design and Construction of a critical desalinated water conveyance tunnel project in Mumbai. The project is valued at ₹1,918 crores, inclusive of GST and Operations & Maintenance (O&M).The tunnel, designated as a vital component to ensure sustainable water supply for the city, will run from the proposed Water Pumping Station at Manori to Charkop, extending onward to Mahavir Nagar in Kandivali.Executive Chairman Krishnamurthy Subramanian stated that the desalinated water conveyance tunnel represents a major step toward securing...

EAAA Alternatives Business Update Highlights Growth Potential and Financial Stability in Indian Market EAAA India Alternatives Limited, a subsidiary of Edelweiss Financial Services Limited, has provided a comprehensive business update detailing its significant role and operational performance within the rapidly expanding Indian alternatives asset management sector. The firm highlighted the vast structural runway for patient capital in India and showcased its specialized contributions across yield and income verticals.The global investment trend is being significantly driven by domestic capital, as reported by EAAA Alternatives. Projections indicate that the overall Alternatives AUM in India is set to reach $166 billion by the end of...

SJS Enterprises Reports Record Q1 FY2027 Results: Revenue Reaches ₹2,610 Mn and PAT Jumps 115% Bengaluru, August 6, 2026 — S.J.S. Enterprises Limited (SJS) announced strong financial results for the quarter ended June 30, 2026, reporting a significant performance surge in Q1 FY2027. The company delivered its highest-ever quarterly revenue and profitability since its IPO, fueled by robust growth in the PV segment and expanding international business.The Board of Directors approved the unaudited financial results, noting that SJS continued its streak of outperforming the automotive industry, achieving this milestone in the 27th consecutive quarter.Q1 FY2027 Financial Performance Highlights SJS demonstrated sharp increases across key...

Albert David Limited Releases Q2 FY26 Unaudited Financial Results Showing Strong Profitability Amid Sectoral Changes Albert David Limited has released its unaudited financial results for the quarter ended June 30, 2026, detailing key operational performance across income, expenses, and profit metrics. The company, engaged in the manufacturing of pharmaceuticals with one reportable segment, presented these figures in line with established accounting standards.The statement reveals significant performance indicators for the quarter compared to previous periods. Total Income for the quarter ended June 30, 2026, stood at 12,929.78, driven by 10,133.55 from revenue from operations and 2,796.23 from other income.The company recorded total...

Agni Green Power Lands Contract for Solar PV Systems for 300 Anganwadi Centres in Mizoram Agni Green Power Limited has secured a significant work order from Selco Foundation. The contract involves the supply, installation, and comprehensive maintenance of Solar Photovoltaic (SPV) Off-grid Systems across 300 Anganwadi Centres in the state of Mizoram.The project, awarded by the domestic entity Selco Foundation, carries a total contract value of INR ₹2,71,55,228/-. This amount covers all duties and taxes associated with the successful execution of the work order.The scope of the contract is defined as the supply, installation, commissioning, and one-year comprehensive maintenance of SPV Off-grid Systems for these educational...