4h ago
Urban Company swings to Rs 92 crore Q1 loss as InstaHelp expansion drives costs; revenue rises 44%
Urban Company reported a net loss of Rs 92 crore for fiscal Q1, reversing a profit of Rs 6.9 crore a year earlier. The company said the wider loss was driven by heavier spending to expand InstaHelp, its 10-minute quick service arm, amid competition from Snabbit and Pronto. Revenue from operations rose almost 44% year-on-year to Rs 528.3 crore. Shares fell 1.38% to Rs 128.50 on the BSE on July 31.
4h ago
4h ago
JSW Infrastructure shares drop 2.04% to Rs 312.55 on July 31, 2026, among Nifty Midcap 150 laggards
JSW Infrastructure shares fell 2.04% intraday to Rs 312.55 on July 31, 2026, ranking among the top decliners in the Nifty Midcap 150 pack. For the quarter ended June 2026, the company reported EPS of Rs 1.65, down 17.91% from Rs 2.01 in the previous quarter. The company also announced a final dividend of Rs 0.90 per share (45%) for the year ended March 2026, with a record date of June 18, 2026.
4h ago
6h ago
Mahanagar Gas beats FY27 Q1 estimates as net realisations rise to Rs 54.7/scm; Nomura reiterates Buy
Mahanagar Gas Ltd (MGL) posted FY27 first-quarter adjusted EBITDA of Rs 340 crore, up 32% quarter-on-quarter and about 40% above analyst expectations. The outperformance was driven by net gas realisations of Rs 54.7/scm, up 12% qoq, which more than offset higher gas costs. Total sales volume was 4.8 million metric standard cubic metres per day (mmscmd), broadly in line with estimates and up 7% year-on-year. The results were described as a fundamentals catalyst for India’s listed traditional energy sector.
6h ago
7h ago
Authum Investment shares gain 2.34% to Rs 558.70
Authum Investment shares rose 2.34% to Rs 558.70 in early trade on July 31, 2026. For the quarter ended June 2026, the company reported revenue of Rs 1469.54 crore, up 21.0% year-on-year. Net profit for the same period came in at Rs 1110.22 crore, a 17.7% increase from a year earlier. The company said it received NCLT approval on July 28 for a matter related to Wind World (India) Limited, and the stock is part of the Nifty Midcap 150 index.
7h ago
7h ago
Glenmark Pharma rises 2.11% to Rs 2,236.50 after US FDA expands RYALTRIS pediatric use
Shares of India’s Glenmark Pharma rose 2.11% to Rs 2,236.50 in early trade on July 31 after the U.S. FDA cleared an expanded indication for its RYALTRIS nasal spray for children aged 6 to less than 12 years. The company’s P/E ratio recovered from -18.01 in March 2024 to 44.17 in March 2026, alongside two 250% dividends of Rs 2.50 per share each, effective September 15, 2025 and October 3, 2025. The move was framed as a single-stock fundamental catalyst that supported the share price and valuation rebound.
7h ago
10h ago
Motilal Oswal reiterates Buy on Indostar Capital Finance, sets INR310 target
Indostar Capital Finance reported FY27 first-quarter net profit of INR115m, reversing a INR4.2b loss in the previous quarter. Net interest income rose 44% year on year to INR1.9b, while annualised credit costs fell to about 4% from 26% in the prior quarter. Operating efficiency improved, with the cost-to-income ratio easing to 58.2%. The company has set a FY29 net profit target of INR4.55b and expects AUM and net profit to post CAGRs of 23% and 60% over FY26–FY28, according to Motilal Oswal.
10h ago
10h ago
Hyundai Motor India shares climb 7% after Q1 beat; brokerages stay bullish on volume-led growth
Shares of Hyundai Motor India Ltd jumped 7%, making it the top gainer on the Nifty 100, after the automaker reported fiscal first-quarter results that beat expectations. Management projected FY27 domestic volume growth of 8–10% and reiterated its margin guidance. Brokerages said the stock trades at 23 times FY28 estimated earnings and pointed to a projected 26% earnings CAGR over FY27–29, with mid-teens growth potential beyond FY29.
10h ago
12h ago
Corporate India posts strongest June-quarter revenue growth in 15 quarters despite 18% rise in total costs
Corporate India recorded its fastest year-on-year revenue growth in 15 quarters in the June quarter of 2024, even as total costs rose 18% year on year, the strongest increase in 14 quarters, pointing to firmer domestic-demand-led activity. Companies in manufacturing, infrastructure and discretionary consumption broadly outperformed peers, while sectors hit by weaker global demand or cost pressures saw mixed results. The figures suggest strengthening structural domestic growth momentum, which is viewed as supportive for India’s macro outlook and related traditional assets.
12h ago