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JSW Steel Ltd.'s consolidated net profit for the June quarter surged over 158% to INR 21.84 billion from INR 8.45 billion a year ago. The net profit surpassed analysts' estimate of INR 19.98 billion. However, the consolidated revenue for the quarter rose marginally to INR 431.47 billion from INR 429.43 billion a year ago. Read more
Information technology major Wipro Ltd. expects the company's performance to get better in the second half of the financial year 2025-26 (Apr-Mar), supported by a strong order book and healthy deal pipeline, the management said at a post-earnings virtual press conference. In the June quarter, the company had a total deal contract value of $4.97 billion in constant currency terms, up over 24% on quarter. Read more
By Narayana KrishnaInformation technology major Wipro Ltd. on Thursday reported a nearly 7% sequential fall in its June quarter consolidated net profit to INR 33.30 billion. Analysts had expected Wipro's June quarter net profit to fall nearly 9% sequentially to INR 32.62 billion. After six quarters of profit growth, the Bengaluru-based software services company reported a fall in its net profit. Read more
By Rajesh Gajra and Anand JC LTIMindtree Ltd. beat Street expectations on its bottom line growth with its consolidated net profit rising 11% sequentially to INR 12.54 billion in the June quarter from INR 11.29 billion in the previous quarter. Analysts had estimated the net profit to be INR 11.91 billion. The net profit was boosted by a jump in other income and a decline in employee benefit cost that form a big chunk of the total operating expenses of the company. Read more
By Sunil RaghuIndian Hotels Co. Ltd., which manages the Taj brand of hotels, Thursday reported a 19.3% on-year jump in its consolidated net profit for the June quarter, led by a sizeable jump in revenue during the quarter. The rise in net profit, however, was below market expectations, but the revenue growth was better than the Street's expectations and the highest in nine quarters. Read more
By Anjana Therese AntonyPersistent weak demand is likely to reflect in corporate India's revenue growth once again in the June quarter, with the year-on-year rise in Nifty 200 companies' top line expected to be the slowest in seven quarters. But this is unlikely to limit net profit growth which is, in fact, seen rising at a much faster pace, possibly the fastest in five quarters. Investors, who have grappled with an earnings slowdown for at least a year, are optimistic and expect growth will pick up at least from the second half of 2025-26 (Apr-Mar) and hope there will be no major earnings downgrades. Read more
By Rajesh GajraThe largest cement manufacturer in the country, UltraTech Cement Ltd., is likely to have recorded strong top line growth in the June quarter on the back of an increase in volume from recent acquisitions. Higher cement prices and lower input costs are also likely to have aided the operating profit. The bottom line is likely to largely track the operating profit growth but may partly be reined in by a sharp rise in non-operating expenses such as depreciation and interest. Read more
US President Donald Trump late Wednesday said a trade deal is probably coming up with India. "We have made a lot of deals, we had announced one yesterday, we have one coming up maybe with India. I don't know, we're in negotiation," Trump told media after a bilateral meeting with Bahrain Prime Minister Salman bin Hamad bin Isa Al-Khalifa. Read more
