Markets

IEX Power Market Update for July 2026: Overall Volume Rises Amid Varied Sector Performance Indian Energy Exchange Limited (IEX) recorded mixed results in its July 2026 power market update, achieving a monthly electricity traded volume of 13,527 MU, marking a 7.7% increase year-on-year. The Real-Time Market (RTM) saw particular growth, while the Renewable Energy Certificate (REC) trading volume declined significantly.IEX reported that a total of 7.11 lakh Renewable Energy Certificates were traded during July. Nationally, India's energy consumption reached 170.70 BUs in July 2026, reflecting a year-on-year growth of 10.9%. This increased power demand drove the Day-Ahead Market (DAM) buy bids up by 42.5% year-on-year, contributing to an...

Jyoti Structures Announces Unaudited Financial Results for Quarter Ended June 30, 2026; Considers Fund RaiseJyoti Structures Limited has announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company's Board of Directors reviewed and approved these results on August 4, 2026. The board meeting also addressed the removal of an internal auditor and evaluated potential funding options up to INR 250 crores.The financial results for the quarter showed a strong performance across both standalone and consolidated entities.Qended June 30, 2026 Financial Highlights (Rs in Crores) The following tables summarize the key financial metrics from the unaudited statements:Table 1...

Can Fin Homes Limited receives ESG rating of 77.5 for FY 2025-26 Can Fin Homes Limited has received an ESG Rating of 77.5 from SES ESG Research Private Limited for the financial year 2025-26. The assessment was conducted as part of the annual ESG evaluation process by the rating provider.SES ESG Research Private Limited assigned the voluntary ESG rating to Can Fin Homes based on the information available in the public domain. This rating is intended to reflect the company’s performance concerning environmental, social, and governance standards.The assignment provides details regarding the company's standing according to the ESG criteria. Interested parties can find the published rating report through SES ESG Research Private...

Bharti Airtel Posts Robust Q1 FY27 Results; Revenue Climbs 18.4% YoY, EBITDA Margin at 57.4% Bharti Airtel Limited today announced its audited consolidated results for the first quarter (Q1) ended June 30, 2026. The company reported significant growth across its operational and financial metrics, with total revenues reaching Rs 585,391 million.The consolidated performance demonstrated strong momentum in both India and Africa, leading to a robust EBITDA margin of 57.4%. Bharti Airtel also highlighted strategic moves, including the completion of an EPS-accretive share swap that increased its stake in Airtel Africa Plc to over 79%.Consolidated Financial Highlights (Q1 FY27) The company's financial health reflected sustained operational...

Protean eGov Technologies Announces Quarterly Results and Appoints New Statutory Auditor Protean eGov Technologies Limited announced its unaudited financial results and approved the appointment of a new statutory auditor following a Board meeting held on August 4, 2026. The company reported its performance for the quarter ended June 30, 2026.The Board of Directors reviewed and approved both the standalone and consolidated unaudited financial results as well as received the Limited Review Report from the Statutory Auditors regarding these results.Q4 Financial Performance Summary (June 30, 2026) The company remains engaged in the IT services industry, providing a range of services including citizen services, e-governance solutions...

Sheela Foam Limited Reports Q1 FY26 Results: Revenue Tops ₹1,031 Cr Consolidate; Standalone Profit at 43.94 Cr Sheela Foam Limited announced its unaudited financial results for the quarter ended June 30, 2026, along with supporting statements of performance and key operational ratios. The results were presented following a Board meeting held on August 04, 2026, reflecting operations across both standalone and consolidated entities.The company's standalone entity reported Total Income of ₹774.55 Crores for the quarter, compared to ₹835.31 Crores in Q1 FY26 (audited). The results reflected a Revenue from operations of ₹760.92 Crores and recorded a Profit for the period of ₹43.94 Crores.The consolidated results showed a broader...

Thirumalai Chemicals Approves Rs 750 Crore Fund Raise and Pushes Ahead with Windmill Sale Thirumalai Chemicals Limited, during its Board meeting on August 4, 2026, approved several key strategic initiatives. The decisions included the approval of un-audited financial results for the quarter ended June 30, 2026, a major initiative to raise up to Rs 750 crores, and the sale of four wind energy based electric power generators owned by the company.The Board meeting considered and approved raising funds aggregating up to Rs 750 crores. The funds can be raised through debt and/or issuance of equity shares, fully or partly convertible debentures, non-convertible debentures, or any other financial instruments. This fundraising is planned...

Varun Beverages incorporates new holding company in Zimbabwe Varun Beverages Limited has established a new entity in Zimbabwe. The company incorporated Varun Beverages Holding (Zimbabwe) (Private) Limited on August 3, 2026, to operate as a holding and investment company in the region.The incorporation involves Varun Beverages (Zimbabwe) (Private) Limited, which is a subsidiary of Varun Beverages Limited. The new entity will function as a holding/investment company based in Zimbabwe.Details regarding the shareholding structure of the newly incorporated entity are provided below:ShareholderPercentage HoldingVarun Beverages (Zimbabwe) (Private) Limited70%Mega Market Private Limited30%The incorporation was structured with...

Motisons Jewellers Reduces Preference Share Capital Following Redemption of Shares Motisons Jewellers Limited has announced the redemption of a portion of its non-convertible preference shares, resulting in a reduction of its issued and paid-up preference share capital.The company successfully redeemed 50,00,000 (Fifty Lakh) 2.50% Non-Convertible Redeemable Preference Shares. These shares were held as of the cut-off date decided by the Board, which was June 30, 2026. The face value of these preference shares is set at Rs. 10/- each.Following this transaction, Motisons Jewellers Limited's issued and paid-up preference share capital stands reduced to 50,00,000 (Fifty Lakh) 2.50% Non-Convertible Redeemable Preference Shares of face...

Sheela Foam Records Strong Q1 FY27 as Revenue Crosses ₹1,000 Cr Mark Sheela Foam Limited announced its un-audited financial results for the first quarter of Fiscal Year 2027, showing robust performance across all consolidated metrics. The company registered a consolidated revenue of ₹1,032 crore and achieved an EBITDA exceeding ₹100 crore, marking a significant milestone in the firm's history.The Q1 FY27 results highlighted strong growth and operational efficiency improvements. Consolidated revenue grew 26% year-on-year (YoY) to reach ₹1,032 crore from ₹821 crore in Q1 FY26. Earnings before interest, depreciation, and amortization (EBITDA) increased by 45%, reaching ₹109 crore compared to ₹75 crore previously.The consolidated net...

Castrol India Reports Strong Growth in 2Q 2026, Declares Interim Dividend Castrol India Limited has announced its financial results for the second quarter (2Q) and first half (1H) ended June 30, 2026. The company reported a sustained period of growth across its consumer, industrial, and institutional businesses, leading the Board of Directors to declare an interim dividend of ₹6.25 per equity share.The results demonstrate the company’s resilience and disciplined execution amidst a dynamic operating environment characterized by commodity inflation and supply disruptions.Financial Performance Highlights For the second quarter (2Q 2026), Castrol India saw Revenue from Operations reach ₹1,871 Crore, marking a 25% year-on-year growth...

Symphony Limited Reports Second Highest Quarter Revenue and EBITDA Symphony Limited has reported its financial results, noting that both consolidated and standalone performance reached second-highest levels for the quarter, supported by resilient domestic demand and strategic diversification across global markets. The company also announced a dividend following the Board of Directors meeting.The Chief Financial Highlights reflect strong operational execution in various segments, while management cited India-led growth as a key driver of resilience.Financial Overview The company's quarterly financial performance is summarized below:ParticularsConsolidated (Q1 FY26)Consolidated (Q1 FY27)YoY Change (%)Standalone (Q1 FY26)Standalone...

Motilal Oswal Surges into Thematics with New Active Fund of Funds Targeting Long-Term Growth Motilal Oswal Asset Management Company Limited (MOAMC) has announced the launch of its new flagship product: the Motilal Oswal Multi Thematic Active Fund of Funds (FOF). This open-ended scheme is designed for investors seeking significant capital appreciation by gaining diversified, focused exposure across multiple high-growth thematic equity areas. The fund structure aims to identify and capitalize on emerging economic drivers within Indian markets over the long term.The new FOF represents a strategic entry into actively managed thematic investment, allowing unitholders to benefit from sector trends without needing to select specific themes...

Wonderla Holidays Reports Best-Ever Q1 FY27 Results; Total Income Rises 41% Driven by Park Performance and Capacity Additions Bengaluru, August 4, 2026: Wonderla Holidays Ltd., India's largest amusement park chain, today announced its financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), ending June 30, 2026. The company reported a best-ever quarter, underpinned by strong operational performance across existing parks and significant capacity additions at Chennai.The robust sales and marketing interventions combined with operational excellence have contributed to the impressive financial turnaround. Total Income witnessed substantial growth, while the addition of premium offerings has supported consistent customer...

Manipal Health IPO Set for Debut: What Does the Flat GMP Reveal About Investor Appetite? Manipal Health Enterprises is preparing for its highly anticipated stock market debut on August 5, following a strong subscription response to its Initial Public Offering (IPO). The company's shares are set to list on both the BSE and NSE. However, initial indicators from the grey market suggest a measured approach regarding the immediate listing performance.IPO Subscription Status and Valuation Metrics The Rs 9,275 crore IPO concluded its bidding process on July 31, achieving a respectable subscription level of 4.92 times according to data on the National Stock Exchange (NSE). The offering was priced within a band ranging from Rs 560 to Rs 590...

C.E. Info Systems Approves Quarterly Financial Results; Director Steps Down from Subsidiary C.E. Info Systems Limited has announced the approval of its Unaudited Standalone and Consolidated Financial Results for the first quarter ended June 30, 2026. The Board of Directors reviewed and approved these results alongside a Limited Review Report issued by MSKA & Associates LLP. Additionally, the company confirmed that Mr. Nikhil Kumar stepped down as Whole Time Director of Mappls DT Private Limited, a Material Wholly Owned Subsidiary.The company's performance for the quarter saw total income reach 15,937 lakhs in the consolidated view, with net profit after tax attributable to owners standing at 4,974 lakhs. For the standalone entity...

Vedanta Steel Stock Surges as Q1 Turnaround Drives Upper Circuit Rally Amid Crisil 'AA/Stable' Rating Vedanta Iron and Steel Ltd (VISL) shares witnessed a massive surge, hitting the upper circuit limit for the third consecutive session on Tuesday. This significant rally follows the company's strong June quarter earnings report, which indicated a clear turnaround in its financial performance. The stock traded at Rs 35.58 per share on the NSE, achieving the 5 percent upper circuit after opening with an initial gap-up of 5 percent.Q1 Earnings Reveal Major Profitability Turnaround The sustained momentum seen by the stock comes after VISL reported a consolidated net profit of Rs 122 crore for the quarter ended June 30. This marks a...

Ugro Capital Limited Reports Q1 Results; Approves RTA Change, Confirms NCLT Proceedings for PCPL Amalgamation Ugro Capital Limited reported its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors considered and approved these consolidated and standalone results, which were subjected to a limited review by statutory auditors. Concurrently, the company approved changes regarding its Registrar and Share Transfer Agent (RTA) and provided updates on the ongoing amalgamation process of Profectus Capital Private Limited (PCPL).The Board meeting, held on August 4, 2026, confirmed the financial results for the quarter, along with a limited review report issued by M/s G.P. Kapadia & Co., Chartered...

Medi Assist Upgrades AI Platform to Boost Cashless Healthcare: Over 50% of Pre-Authorisations Processed in Under Five Minutes Medi Assist Healthcare Services Limited has announced significant technological enhancements across its AI platform, making a major stride toward seamless cashless healthcare for patients, hospitals, and insurers. The upgrades include the release of MAven Intelligent Document Processing (MAven IDP), MAgnum, and MAven Guard, bolstering the company's commitment to accessibility in the health benefits administration space.The results of these advancements are already yielding measurable improvements within the organization’s operations. Medi Assist TPA, a wholly owned subsidiary, now processes over 50% of cashless...

IndiaMART Intermesh Establishes Wholly-Owned Subsidiary, 'IndiaMART Finance Limited' IndiaMART Intermesh Limited has announced the successful incorporation of a new wholly-owned subsidiary named IndiaMART Finance Limited. The company completed this operational milestone on August 4, 2026.The establishment of the subsidiary was formalized with the issuance of the Certificate of Incorporation by the Registrar of Companies, Central Registration Centre, Ministry of Corporate Affairs, dated August 4, 2026.The incorporation marks a strategic move for IndiaMART Intermesh Limited as it brings IndiaMART Finance Limited into its portfolio as a wholly-owned entity.INDIAMART Stock Price Movement As of 3:19 PM, shares of Indiamart Intermesh...