Markets

Gallantt Ispat Limited Posts Q1 FY27 Results; EBITDA Margin at 18% as Capex Remains On Track Gallantt Ispat Limited, a major producer of Rebars in Uttar Pradesh with a reported 25% market share in its addressable geographies, has announced its first quarter (Q1) and full fiscal year 2027 financial results. The company's performance reflected steel realizations and the planned shutdown of its pellet plant for maintenance and utilization improvement.The integrated manufacturing model provided structural cost advantages despite external pressures regarding commodity costs and geopolitical developments.Q1 FY27 Financial Performance Highlights For Q1 FY27, Revenue from Operations stood at ₹1146 Cr, showing a 2% year-on-year (YoY) growth...

Novelis Secures $500 Million Short-Term Unsecured Term Loan Facility Hindalco Industries Limited's subsidiary, Novelis Inc., has entered into a Material Definitive Agreement to secure a substantial short-term unsecured term loan facility. The agreement provides novelis with financial backing of $500 million.As a wholly owned subsidiary of Hindalco Industries Limited, Novelis Inc. utilized the agreement to establish this significant financing structure. This material definitive agreement secures the short-term unsecured term loan facility for the company.HINDALCO Stock Price Movement Hindalco Industries Limited stock settled on Monday after surging to ₹945.25, achieving a 0.23% increase from the previous close. The equity traded...

Cipla Receives U.S. FDA Approval for Generic Advair Diskus® in Three Strengths Mumbai and Warren, New Jersey, USA - July 27, 2026 - Cipla Limited today announced that it has secured approval from the United States Food and Drug Administration (FDA) for its Abbreviated New Drug Application (ANDA). The application was for Generic Advair Diskus®, a fluticasone propionate and salmeterol inhalation powder.The FDA granted approval for all three strengths of the product: 100/50 mcg, 250/50 mcg, and 500/50 mcg. Generic Advair Diskus® is a therapeutically equivalent combination therapy intended for the treatment of asthma and chronic obstructive pulmonary disease (COPD).Market Significance and Expansion The approval marks a key milestone for...

Coforge Limited Announces Interim Dividend of Rs 4 Per Equity Share for Financial Year 2026-27 Coforge Limited announced that its Board of Directors has declared an Interim Dividend for the financial year 2026-27. The dividend payout is set at Rs 4 per Equity Share of the company.The decision was made by the Board of Directors during a meeting held on July 27, 2026. The declaration relates to the Financial Year 2026-27.Key details regarding the dividend distribution include:Dividend Amount: Rs 4 per Equity Share Share Details: The company's equity share has a face value of Rs 2 and is fully paid up. Record Date: August 03, 2026The Board specified that the Record Date, set as August 03, 2026, will be used to determine the...

Digitide Solutions Reports Q1 FY27 Revenue Growth of 5.3% YoY; Profit After Tax Turns Positive Digitide Solutions Limited announced its performance for the first quarter of fiscal year 2027 (Q1 FY27), reporting revenue growth despite margin pressures and achieving a significant turnaround in profitability. The company reported that its net profit after tax (PAT) turned positive, reaching ₹2.9 Cr, following two consecutive quarters of losses.The results reflect the company's strategic pivot from a "scale-first" approach to a "value-first," guided by four key priorities aimed at strengthening core business units and accelerating digital transformation.Q1 FY27 Financial Highlights Total revenue for the quarter stood at ₹775.1 Cr...

Independent Director Resigns from Praxis Home Retail Limited Praxis Home Retail Limited has announced the resignation of Ms. Anou Singhvi from her position as Non-Executive Independent Director. The change became effective on July 27, 2026.Ms. Anou Singhvi submitted her resignation due to personal reasons. In her letter, she confirmed that there are no other material reasons for her departure besides the stated personal circumstances.The company confirmed that Ms. Singhvi held no directorships in any other listed entities.PRAXIS Stock Price Movement On Monday, shares of Praxis Home Retail Limited edged higher to close at ₹7.03 after gaining 1.01% from the previous session's closing price. The stock movement was recorded amidst a...

Coforge Reports Strong Q1 Results: Revenue Jumps 49% YoY as PAT Increases 110% Coforge Limited has announced its financial results for the quarter ended June 30, 2026, reflecting significant growth and margin expansion. The company reported a 49% year-over-year (YoY) increase in revenue, while Profit After Tax (PAT) surged by 110% YoY.The Board of Directors recommended an interim dividend of INR 4/- per share, with the record date set for August 03, 2026.Key Financial Performance Metrics Coforge’s Q1 performance demonstrates a strong execution intensity and expanded operational capabilities. The company's revenue grew to INR 55,277 Million (USD 592.2 Mn), marking a 49% YoY increase in INR terms and 33% in USD terms.The profit...

TGB Banquets And Hotels Limited Reports Q1 Unaudited Results; Re-appoints Nishit Bharatbhai Popat as Independent Director TGB Banquets And Hotels Limited reported its unaudited financial results for the quarter ending June 30, 2026. The company's Board of Directors also approved the re-appointment of Mr. Nishit Bharatbhai Popat as a Non-Executive Independent Director.The limited review report on the Q1 performance was conducted by Prakash Tekwani & Associates Chartered Accountants. The audit firm confirmed that nothing came to their attention that suggested material misstatement in the unaudited results, which were prepared in accordance with Indian Accounting Standards (Ind AS).Financial Highlights for Q1 FY27 TGB Banquets And...

Delhi High Court Issues Interim Stay on Stamp Duty Dispute for E2E Networks Equity IssuanceThe Delhi High Court has passed an interim order in a legal proceeding concerning a stamp duty matter related to the issuance of equity shares by E2E Networks Limited in dematerialized form. This ruling provides relief regarding the adverse order previously issued by the Office of the Collector of Stamps, Revenue Department, Government of NCT of Delhi.The High Court directed that the operation of the disputed order from the Collector of Stamps shall remain stayed until the next hearing date, provided E2E Networks Limited deposits Rs. 1.25 crore with the Registry of the Hon'ble Court within one month.Furthermore, the court mandated that the...

IFB Agro Industries Reports Quarterly Results for Q1 FY2026; Standalone Revenue Reaches 52,071 Lakhs IFB Agro Industries Limited has released its unaudited financial results for the quarter ended June 30, 2026. The company reported key performance indicators across both standalone and consolidated entities, highlighting revenue figures of 52,071 lakh in the current period.The financial statements provide a detailed view of operations, reflecting various segments within the business structure.Key Financial Highlights (Three Months Ended June 30, 2026) The company's performance for the three months ended June 30, 2026, is presented below:MetricCurrent Quarter (June 30, 2026)March 31, 2026June 30, 2025March 31, 2026Revenue from...

Balaji Amines Posts Results for Quarter Ended June 30, 2026; Reports include Standalone and Consolidated Performance Balaji Amines Limited has announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors reviewed, considered, and approved the outcomes, along with related auditor review reports, which detail the company's performance across both standalone and consolidated levels.The company also provided a detailed breakdown of its operations through segment reporting for the same period.Standalone Unaudited Financial Results The unaudited standalone financial results show key movements in revenue, expenses, and profit for the quarter ended June 30, 2026 (Q1 FY27).Key figures from the...

Nimbus Projects Limited Acts as Guarantor for Subsidiary's Loan Facility with ICICI Bank Nimbus Projects Limited has finalized the terms and conditions for acting as a guarantor regarding a significant loan facility availed by its subsidiary entity, IITL-Nimbus, from ICICI Bank Limited. The agreement covers a term loan not exceeding Rs. 23.00 Crore.The Board of Directors of Nimbus Projects held a meeting on July 27, 2026, during which it finalized the terms for providing this guarantee. The facility involves two primary purposes. Firstly, the funds are intended to repay existing term loan facilities obtained by the Borrower from other lenders and are dedicated to ongoing projects within the Borrower Group (excluding costs related to...

Antelopus Selan Energy Limited Announces Quarterly Results and Names New Internal Auditor Antelopus Selan Energy Limited, formerly SELAN EXPLORATION TECHNOLOGY LIMITED, announced its unaudited financial results for the quarter ended June 30, 2026. The company's Board of Directors, during a meeting held on July 27, 2026, approved these results and appointed M/s Soxmate Consultants LLP as the Internal Auditor for Fiscal Year (FY) 2026-27.The company’s operating performance for the quarter reflected strong revenue generation, with Total Income reported at ₹28,777 Lakhs. The unaudited figures detail the financial status against previously reported figures in Q4 of 2025 and Q1 of 2026.Financial Performance Highlights (Quarter Ended June...

Jinkushal Industries Announces 19th Annual General Meeting and E-Voting Schedule Jinkushal Industries Limited has announced details concerning its 19th Annual General Meeting (AGM) for shareholders. The AGM is scheduled to be held on Wednesday, August 12, 2026, at 04:00 P.M.The company provided key timelines related to the remote e-voting process associated with the meeting. The cut off date for remote e-voting is set as August 5, 2026.Shareholders can participate in the remote e-voting period between Saturday, August 8, 2026 (starting at 09:00 A.M. IST) and Tuesday, August 11, 2026, with voting concluding at 05:00 P.M. IST.In preparation for the shareholders' meeting, Jinkushal Industries Limited has appointed Mr. Abhishek Jain...

Tejas Networks Reports Q1 Results: Standalone and Consolidated Figures Provided Tejas Networks Limited has reported its Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. The results provide insights into the company's operational performance across various periods, including comparison figures from prior quarters and the full financial year ending March 31, 2026.Standalone Financial Performance The Unaudited Statement of Standalone Financial Results for Tejas Networks Limited reveals key metrics related to revenue, expenses, and profitability. The company reported a decline in income compared to previous periods.Key highlights from the standalone results include:Total Revenue from...

Kajaria Ceramics Limited Announces Resignation of CHRO Ashish Goel Kajaria Ceramics Limited has announced changes in its senior management following the resignation of Mr. Ashish Goel, Chief Human Resources Officer (CHRO). The company confirmed that Mr. Goel resigned from his role due to personal and health reasons.The change in personnel took effect as of July 27, 2026. As a member of the Senior Management team, Mr. Ashish Goel ceased serving as the CHRO of Kajaria Ceramics Limited on that date.Details regarding this managerial transition are as follows:ParticularsDetailsPersonnelMr. Ashish GoelRoleChief Human Resources Officer (CHRO) and Senior Management MemberCessation DateJuly 27, 2026Reason for...

RBI Slaps ₹50,000 Penalty on The Citizen Co-operative Bank for Failing NPA Classification Standards The Reserve Bank of India (RBI) has imposed a monetary penalty on The Citizen Co-operative Bank Limited, Bangalore, Karnataka. This action follows findings from an RBI inspection concerning the bank's adherence to critical regulatory guidelines regarding income recognition and asset classification.The fine was levied in exercise of powers conferred under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949. The penalty amounts to ₹ 50,000 (Rupees Fifty Thousand only).Basis of Penalty: Non-Compliance in Asset Classification The action was taken following supervisory findings from a financial...

V-Mart Retail Limited Reports Q1 Unaudited Results: Revenue Rises by 23%V-Mart Retail Limited announced its unaudited financial results for the first quarter ended on June 30, 2026. The Company's Board of Directors considered and approved the financial performance during this period.The results highlight a strong top-line performance, with Revenue from Operations reaching 1,089 Cr. This represents a significant year-on-year (YoY) growth of 23%.The unaudited financials also show robust activity in store operations. Same Store Sales Growth for the quarter stood at 161 Cr.Key performance indicators for V-Mart Retail Limited during the first quarter ending June 30, 2026 are detailed below:MetricValueRevenue from...

Avanti Feeds Sets Record Date for Dividend Payout for Financial Year 2025-26 Avanti Feeds Limited has announced the record date determining which members are eligible to receive the dividend for the Financial Year 2025-26. The company fixed Friday, August 07, 2026, as this crucial date.This designation aims to determine the eligibility of all Members who are entitled to the dividend relating to the Financial Year 2025-26.AVANTIFEED Stock Price Movement Today, Avanti Feeds Limited shares edged higher to close at ₹979.55 after the equity gained 0.38%. The stock saw robust trading activity throughout the session, with 313,085 shares traded as the security moved within a range defined by a low of ₹964 and a high of ₹993.4.

Home First Finance Reports Strong Q1FY27, Noting 34.5% Y-o-Y Growth in Profit After Tax Home First Finance Company India Limited has reported robust financial and operational performance for the quarter ending June 30, 2026, driven by strong demand in the affordable housing sector. The company recorded a significant jump in profitability while maintaining stable asset quality amidst rapid growth in its Assets Under Management (AUM) and disbursements.The firm's AUM reached ₹ 16,938 crore for the quarter, marking a 25.7% growth year-on-year (y-o-y) and a 6.7% sequential growth (q-o-q). Disbursals also reached a record ₹ 1,628 crore, reflecting a 31.0% y-o-y rise and 3.6% q-o-q increase.Profitability saw strong expansion. Profit after...