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JSW Steel block deal sees GQG, SBI MF as key buyers
GQG Partners and SBI Mutual Fund emerged as key buyers in a block deal of JSW Steel on May 18, reflecting in the day’s institutional inflow data. The transaction, valued at around ₹3,150 crore, saw JSW Energy offload 2.5 crore shares at ₹1,260 apiece. GQG acquired 1.5 crore shares, while SBI Mutual Fund picked up 1 crore shares, indicating strong institutional appetite for the steel major.
VRL Logistics Q4 profit slips 3% despite higher revenue; margin contracts
VRL Logistics reported a muted Q4 performance with profit and EBITDA declining year-on-year despite revenue growth. Margins remained under pressure, while the stock slipped over 3% in intraday trade.
‘Europe will become irrelevant for us’: JSW Steel doubles down on India growth with massive capex plan
JSW Steel plans to double its capacity with minimal external capital, driven by strong domestic demand and a focus on maintaining market share. The company's confidence stems from structural improvements in its EBITDA floor and efficient brownfield expansion, ensuring robust internal cash generation to fund growth.
Delhivery Q4 Results: Net profit flat at Rs 72.4 crore, revenue rises 30% YoY
Delhivery reported a marginal 0.2% year-on-year decline in net profit for Q4FY26 to Rs 72.4 crore, despite a 30% revenue jump to Rs 2,850 crore. The company saw significant growth in express parcel volumes and introduced AI-powered systems. For FY26, Delhivery turned free cash flow positive and achieved a consolidated PAT of Rs 153 crore.
Allcargo Terminals volumes rise 7% YoY in April to 59,200 TEUs
Total volumes for the month stood at 59.2 thousand TEUs, reflecting continued growth in container handling volumes on both a year-on-year and sequential basis.
JSW Steel and Radico Khaitan top Motilal Oswal's buy list after strong earnings
Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services, recommends Radico Khaitan (target ₹4,000) and JSW Steel (target ₹1,520) on strong earnings. He backs Adani Ports and Adani Power on volume growth and power demand. On OMCs, he sees limited downside post the ₹3 hike with HPCL as an interesting pick, while gold jewellery stocks may stay under near-term pressure.
Muthoot Finance falls 6% after mixed Q4 show; posts strong gold loan growth
Muthoot Finance's total income increased by 65.1 per cent year-on-year to ₹9,291.36 crore, compared to ₹5,627.37 crore in the year-ago period
Iran war effect: Leading EV two-wheeler makers accelerate expansion amid petrol price worries
Major electric scooter companies are rapidly increasing production capacity. This expansion aims to meet a surge in demand for eco-friendly vehicles. Combined monthly output is expected to nearly double by the end of the fiscal year. This signals a shift towards mass-market adoption. Companies are navigating challenges while betting on strong future growth.
JSW Steel Q4 Results: Cons profit surges 131% YoY to Rs 3,475 crore, revenue rises 14%
JSW Steel reported a significant 11-fold surge in consolidated net profit for the March quarter, reaching Rs 16,370 crore. This impressive growth was accompanied by a 14% year-on-year increase in revenue from operations, which stood at Rs 51,180 crore for Q4FY26.
LIC Housing Finance Q4 Results: Operational beat but loan growth remains soft
LIC Housing Finance's highest repayment rates resulted in lower-than-expected loan growth. Its disbursement growth was at 9.7% from last year compared to 30.6% in the previous quarter. Meanwhile, its loan growth was at 4.2% annually, and 2% sequentially.
Maruti Suzuki earmarks Rs 1,372 crore on green logistics, crosses 30 lakh dispatches via rail
Maruti Suzuki is investing Rs 1,372 crore in green logistics infrastructure. The company plans to increase vehicle dispatches by rail to 35 percent by fiscal year 2030-31. This initiative will reduce carbon footprint and fuel consumption. The carmaker has already achieved significant growth in rail-based dispatches over the past decade.
Cement companies expect costs, muted demand to dent growth
Indian cement companies are revising growth expectations downwards. Higher fuel, packaging, and logistics costs are impacting profitability. Companies anticipate a slower demand increase this fiscal year. Price hikes may not fully offset the rising expenses. Some firms are also delaying capacity expansion plans. The West Asia crisis and monsoon forecasts are key concerns.