PNC Infratech Q2 profit more than doubles YoY despite revenue decline
Revenue went down 21% on a year-on-year basis to ₹1,127 crore from ₹1,427 crore in the year-ago period.
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NCDEX gets board approval for electronic mutual fund platform, awaits regulatory nod
The move positions NCDEX to compete directly with the BSE StAR MF platform and NSE’s NMF platform in the mutual fund distribution space.
Tata Steel Q2 net profit jumps 4.2x to ₹3,183 crore on strong domestic deliveries; beats estimates
Tata Steel’s India operations reported revenues of ₹34,787 crore and EBITDA of ₹8,654 crore for the quarter, translating to a margin of 25%. Shares of Tata Steel Ltd ended at ₹178.65, down by ₹2.35, or 1.30%, on the BSE.
ITDC Q2 Results: Net profit slides 31%, revenue down 18.6%; future focus on digital solutions
ITDC reported ₹118.49 crore in revenue from operations, down 18.6% YoY but up 35% over the previous quarter. Shares of ITDC ended ₹599 apiece on the NSE on Wednesday, November 12, ₹2.61% above the day’s opening.
Gujarat Narmada Valley Fertilizers Q2 profit surges 70%, margins nearly double
Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) reported a 70% YoY jump in Q2FY26 net profit at ₹179 crore, driven by higher sales volumes and lower input costs. Shares of the company ended higher by 5.02% at ₹518.10 on…
NCLT reserves judgment on Vedanta demerger as government raises ₹16,700 crore claims
The government noted that pre-demerger, Vedanta had an asset base of over ₹2 lakh crore, whereas post-demerger, the oil and gas entity would have an asset base of only ₹29,150 crore, resulting in a significant reduction in the asset coverage…
Indians now buying more gold for investment than jewellery, says Malabar Group
Dileep Narayanan, Head of Bullion and Treasury at Malabar Group said gold prices remain in an upward trend despite some temporary dips.
SpiceJet Q2 net loss widens to ₹621 crore on higher operating costs, grounded fleet expenses
The Passenger Load Factor (PLF) stood at 84.3%. Passenger Revenue per Available Seat Kilometre (RASK) improved to ₹4.04 from ₹3.91 in Q2 FY25. Shares of SpiceJet Ltd ended at ₹35.48, up by ₹1.42, or 4.17%, on the BSE.
Welspun Living Q2: Net profit, revenue plunge further as US tariff bites into exports
The company reported ₹2,441 crore in revenue from operations, down 15% on a year-on-year basis from ₹2,873 crore in the same quarter last year. Notably, revenue grew 15% on a sequential basis from ₹2,261 crore in the June quarter.
Pfizer Q2 net profit rises 19% YoY; strong growth in sales and margins
Pfizer reported a 19.4% YoY rise in Q2 net profit to ₹189 crore on stronger margins and higher revenue. Shares of the company ended higher on Wednesday (November 12) by 0.48% at ₹5,021.00 on the NSE.