New Delhi: SG Mart Ltd, a B2B marketplace focused on construction and industrial materials, has reported a steep 62% year on year (YoY) drop in consolidated net profit for Q3FY26 as demand for steel products, which form a core part of its business, weakened during the quarter. According to the company, it witnessed a decline in profits despite revenues reaching Rs.164 crore, an increase of 23% YoY. Besides softer demand, lower steel prices also affected margins, impacting its earnings. SG Mart, which offers almost 6,500 SKUs for various construction commodities, has construction steel products like HR Sheets, Welding Rods, TMT…
Author: Abizar Attari
Abizar Attari
Abizar has been writing before AI started to take over your lives! His expertise lies in analysing diverse perspectives and simplifying them for laymen. Beyond writing, storytelling and editing, he enjoys running, learning and enjoying the outdoors.
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New Delhi: Paradeep Parivahan Limited has entered into a long-term agreement with UltraTech Cement to deploy electric trucks at the cement major’s Rajasthan and Uttar Pradesh facilities. This marks a significant shift towards decarbonising logistics in India, helping to reduce 15,000-20,000 tonnes of CO₂ emissions over the eight-year agreement. Paradeep Parivahan, specialising in bulk freight and industrial transport, will replace its fossil fuel-based vehicles with EV trucks to enable cleaner freight movement and enhance sustainability across the logistics value chain. Paradeep Parivahan is partnering with Energy In Motion Ltd for charging infrastructure, operational support and battery swapping solutions for the…
New Delhi: Engineering equipment maker United Drilling Tools Ltd. (UDTL) has secured its first order to supply Leopard Dual Seal Connectors to Singapore-based H&M Energy Services Pte. Ltd, marking the first such export from India. Under the contract, UDTL will supply these connectors, a specialised component used in the oil and gas sector, to the client’s location in Vietnam. This order is worth ₹1.97 crore, with UDTL expected to complete the delivery in four months. The Leopard Dual Seal Connector is crucial to meet extreme temperature variations and demanding operational environments in the oil and gas sector. The company has…
New Delhi: Coforge Ltd has reported a stellar Q3, with net profit up 71.2% to ₹364 crores on a year on year(YoY) basis, while consolidated revenues rose 28.5% YoY to ₹4,188 crores. This development comes after the company went ahead with its $2.35 billion Encora acquisition, making it a share swap deal to address concerns about its low cash reserves and financial health. The acquisition is expected to help Coforge become India’s seventh largest IT firm, leapfrogging Persistent, Hexaware Technologies and Mphasis after the deal closes in about six months. Encora’s shareholders, including Warburg Pincus and Advent International, will get…
New Delhi: India’s largest listed real estate developer, DLF Ltd, has reported a better than expected Net Profit at ₹1,207 crore for Q3 FY26, higher than the ₹ 1,012 crore estimated by the market. The company hasn’t launched any new projects during the quarter, giving it a low base for revenue generation. That remained the basis for the lower estimates by analysts. Despite that, the company witnessed strong collections at ₹5,100 crore, for the nine months of FY25, while net collections stood at ₹10,216 crore, a 21% year on year growth. DLF’s revenues during the quarter were at ₹2,479 crore,…
Mumbai: Home First Finance Company India reported a strong Q3 with its Assets Under Management (AUM) rising 24.9% year on year and net profit jumping 44% to ₹140 crore. Besides this, the company reported its highest server quarterly disbursements at around ₹1,318 crore, a 10.5% Year on Year (YoY) rise. Its Returns on Assets (RoA) stood at 4% for the quarter, a healthy profitability indicator for the affordable housing finance segment. However, the company continues to have a high debt pile of ₹9,926 crore as on December 2025. As a technology-driven housing finance company, Home First Finance has been targeting…
New Delhi: Inspira Global, the company behind the Chinese Wok Quick Service Restaurant (QSR) chain, has agreed to acquire a controlling stake in Restaurant Brands Asia (RBA), the master franchise for Burger King® in India and both Burger King® and Popeyes® in Indonesia, as the company looks to expand its presence in the highly competitive QSR sector. Under the agreement, Inspira Global, through its food and beverage arm Lenexis Foodworks Pvt. Ltd. will purchase the majority owner QSR Asia’s 11.26% stake in RBA for about ₹460 crore. In line with SEBI’s takeover regulations, the deal will trigger an open offer…
Mumbai: Shares of Kalyan Jewellers have fallen sharply over the last few trading sessions as heavy selling by institutional investors has weighed on the market’s sentiments. In fact, the stock has declined by almost 13-14% in a single session, making it one of the worst-performing jewellery stocks in recent weeks. The company’s management had earlier denied allegations of colluding with fund managers to ‘manage’ the share prices, terming them as absurd. ‘We have always conducted our business, and our interactions with all stakeholders are with a very high level of integrity and transparency,’ said Ramesh Kalyanaraman, Promoter and Executive Director…
Mumbai: Waaree Energies witnessed a sharp rise in its shares in early morning trades on January 22 as the solar energy manufacturing company reported strong Q3 FY26 results. The company’s revenues from operations rose to ₹7,565 Cr, a 118.8% rise from the previous year, while its Profit After Tax (PAT) rose to ₹1,106 Cr, a 118.4% YoY increase. During the quarter, the company added orders worth ₹13,000 crore, taking its total order pipeline to ₹60,000 crore or 100+ GW. The company has boosted its solar module production by 94% to 3.5GW, even ramping up its solar cell production by 35%…
Hyderabad: Dr Reddy’s Laboratories has delivered a resilient performance in Q3 FY26, with its profits rising to Rs.1,210 crore, a 14% year on year increase, beating estimates. Revenues were at Rs. 8,727 crore, a 0.9% decline quarter on quarter (QoQ) from the Rs.8,805 crore reported in the last quarter. The company has faced various product-specific challenges, specifically with Revlimid, where tighter margins have dragged down. The crucial US pharmaceutical market, which accounts for more than a quarter of its revenue, has seen revenues decline as the overall North America business witnessed a 9% QoQ revenue decline at Rs. 2,964 crore. …
