Moneylife’s market breadth indicators, after spending four sessions in neutral and briefly moving into emerging strength, have once again slipped back into neutral territory. This back-and-forth movement highlights the choppy nature of current markets, where momentum fails to sustain. The steady decline in the number of stocks trading above their 20-, 50- and 200-day exponential moving averages (EMAs) underscores weakening breadth strength . The repeated reversals reflect indecision and reinforce the need for caution until a clearer directional trend emerges.
The share of US-based foreign portfolio investors (FPIs) rose to 41% in January 2026, up from 39.7% a year ago. US exposure now includes nearly ₹15,000 crore in debt and equity holdings surpassing ₹25 lakh crore. While this signals a growing US dominance in the ecosystem, analysts warn that global uncertainties and stretched market valuations may temper future inflows.
India’s information technology (IT) sector is navigating a turbulent phase marked by macroeconomic uncertainty and structural anxiety, as the Nifty IT Index fell more than 5% twice within 10 days, amid weak US jobs data and growing fears that artificial intelligence (AI) could cannibalise traditional ‘run-the-business’ outsourcing models; however, industry veterans argue that the projected US$2trn–US$3trn (trillion) global digital and AI investment cycle over the next five years will, ultimately, reward patient players.
At the same time, global technology leaders such as Meta, Microsoft, Alphabet and Amazon are dramatically scaling AI capital expenditure (capex), projecting annual AI-related spending of US$135bn–US$200bn (billion) by 2026—underscoring the sheer scale of infrastructure build-out underway. In stark contrast, while Indian IT services firms are strategically aligning themselves to benefit from AI-led transformation spending through services, partnerships and talent deployment, their overall capex remains structurally minimal due to their asset-light operating model. The scale difference becomes particularly striking when compared with global hyper-scalers such as Meta, Microsoft, Alphabet and Amazon, whose annual AI infrastructure investments alone are projected to be nearly 10 times larger than the combined capex of India’s listed IT services sector, underscoring a fundamental divide between companies building AI capacity and those monetising AI adoption through services.
The recent acceleration of FPI outflows from India’s financial and technology sectors reflects a strategic rotation toward defensive assets and a growing scepticism regarding traditional business models in the age of AI. While the broader market remains buoyant, FPIs offloaded ₹5,402 crore from financial services in the latter half of January, compounding a ₹3,190 crore divestment from the month’s start. This exodus culminated in net outflows of ₹14,903 crore for the full year 2025, driven largely by profit-booking in private banks, as public sector banks (PSBs) demonstrated relative outperformance. Significant holdings were shed in telecom, consumer services and automobiles, with each sector losing over ₹3,000 crore. Despite government attempts to bolster the competitive standing of Bharti Airtel, the telecom sector remained under significant pressure. Conversely, a rally in precious metals diverted capital toward metals and mining which secured inflows of ₹8,837 crore in late-January.
India’s telecom sector saw revenue growth slow to single digits in Q3FY25-26, following five consecutive quarters of robust expansion. According to brokerage CLSA, revenue growth slid to 9% year-on-year (y-o-y), down from 24% in the previous quarter, despite strong user additions and rising data consumption. Reliance Jio, Bharti Airtel and Vodafone Idea, collectively, added around 10mn (million) new subscribers, with Jio accounting for 87% of the total base at 4.4mn new users. Average data usage per subscriber also rose, reaching 40.7 gigabytes for Jio and 29.8 gigabytes for Airtel.
The slowdown is attributed to a tapering of data usage growth and a more cautious approach to tariff hikes, amid competitive pressures. Airtel’s average revenue per user (ARPU) grew 21% y-o-y, buoyed by gains in prepaid subscribers, but the pace of ARPU growth across the sector moderated compared to earlier quarters. Analysts suggest that the telecom companies may delay tariff increases until the second half of the fiscal year, citing concerns over market softness and regulatory uncertainty. Meanwhile, telecom operators have voiced strong opposition to the telecom regulatory authority of India’s (TRAI’s) proposal to block phone numbers suspected of spam via AI-based filters.
Industry players argue that the plan risks excluding genuine users, causing inconvenience and undermining customer trust. They advocate for broader consultations and safeguards before implementing such measures, emphasising the need for a balanced approach that prevents spam without penalising legitimate communications. Operators have also raised concerns over the absence of an AI solution for complaints related to missed calls and potential misuse of automated systems. On the regulatory front, major telecom companies, including Bharti Airtel, Reliance Jio and Vodafone Idea, are pressing for higher international termination charges to address a growing disparity with global benchmarks. The current rates, fixed at ₹6/minute, are seen as below international standards, constraining revenues from cross-border calls. Industry executives contend that raising these charges will help ensure a sustainable ecosystem prioritising consumer protection and network investment.
India’s auto-component sector stands at a pivotal juncture, transitioning from traditional manufacturing to smart factories, amidst global geopolitical and trade uncertainties. Valued at US$80bn, the industry aims to seize a US$200bn opportunity by 2030, split evenly between domestic demand and exports, according to a joint report by Boston Consulting Group (BCG) and the Automotive Component Manufacturers Association of India (ACMA). Despite accounting for around 30% of production, India’s share in the global auto-component market remains modest at 2%-3%.
The sector is capital-intensive and rising input costs, alongside currency, depreciation pose challenges, particularly for smaller firms. On the retail front, vehicle registrations—a key proxy for sales—jumped 18% y-o-y to 2.72mn units in January, driven by sustained rural demand, tax cuts and improved cash-flows, according to the Federation of Automobile Dealers Association (FADA).
Passenger vehicles (PVs) crossed the half-million mark, with two- and three-wheelers growing by 21% and 15%, respectively. Tractor sales surged 23%, while commercial vehicles (CVs) rose 15%. Urban markets also showed signs of recovery, with sales up 22%. Seasonality from festivals and weddings, alongside digital engagement and shifting preferences towards higher-value motorcycles, supported this broad-based growth. Maruti Suzuki India Limited (MSIL) set a new benchmark in rail logistics, dispatching 585,000 vehicles by rail in 2025—18% increase over that in the previous year.
Rail accounted for 26% of outbound vehicle dispatches, up from 23.5% in 2024, helping reduce carbon emissions and highway congestion. MSIL’s Manesar plant now benefits from India’s largest automobile in-plant railway siding and the world’s highest arch railway bridge on the Chenab rail link. The company’s mid-term target includes increasing rail-based dispatches to 35% by fiscal year 2030-31, aligning with its net-zero carbon emissions goal for 2070. MSIL has also embraced a circular mobility approach to enhance sustainability across vehicle design, manufacturing, logistics and end-of-life management.
Life insurers in India reported a robust 21.5% y-o-y growth in new business premiums in January, reaching ₹37,478 crore, buoyed by favourable tax incentives and a strong rebound in individual life and health insurance segments. Private life insurers posted a 17.24% rise, amounting to ₹17,034 crore, while State-owned Life Insurance Corporation of India (LIC) saw a 24.65% increase to ₹20,441 crore. Individual premiums grew 12.62% y-o-y to ₹16,623 crore during the month, driving a 40.6% surge in total group business premiums to ₹20,854 crore. Insurers attribute this growth to the implementation of surrender value norms and the normalisation of 1/n accounting for non-life insurers, alongside rising demand for health and retail health insurance products.
Non-life insurers also registered a recovery, with gross written premiums increasing 9.93% ₹26,535 crore. The industry expects that the goods and services tax (GST) rationalisation on individual life and health insurance premiums will further enhance affordability, supporting sustained growth.
Gravita India, a leading global recycler and one of the world’s largest players in lead recycling, has acquired Rashtriya Metal Industries (RMIL) for approximately ₹800 crore. RMIL, based in Jaipur, is a prominent Indian manufacturer of copper and copper-alloy products, including brass strips, coils and cups used in electrical, automotive, lock and engineering applications.
The acquisition represents a strategic diversification for Gravita into copper and copper-alloy products, complementing its existing operations in lead, aluminium, plastic and rubber recycling. RMIL operates a manufacturing facility near Vapi (Gujarat) with an installed capacity of around 24,000TPA (tonnes per annum). RMIL generates nearly 60% of its revenue from the domestic market, while exports constitute the remaining 40%, serving key overseas markets such as the UAE, US Egypt, and Saudi Arabia. The company also supplies coin blanks to the government of India, underscoring its significance in the sector.
The trends of the major indices in the course of the week's trading are given in the table below:
News
Zydus Lifesciences announced a major settlement agreement with Astellas Pharma, concluding the US patent litigation surrounding Myrbetriq® (Mirabegron). The agreement also involves Zydus Pharmaceuticals USA, Inc, its wholly-owned subsidiary. Zydus will pay Astellas an aggregate settlement amount of US$120mn. In addition, Zydus will pay a prepaid per‑unit licensing fee on units of generic Mirabegron sold in US until September 2027. The settlement resolves all ongoing litigations between Astellas and Zydus related to Myrbetriq® and Mirabegron in the US market. Importantly, the agreement enables Zydus to continue marketing its generic Mirabegron in US without legal uncertainty.
Laxmi Organic’s chemical manufacturing unit at Lote (Ratnagiri) has been confirmed by the Union ministry of environment, forest and climate change to be operating within permitted environmental standards. The clarification was tabled in the Rajya Sabha on 5 February 2026, by Union minister of state for environment Kirti Vardhan Singh, in response to questions raised by Congress MP Pramod Tiwari. Inputs from the Maharashtra state pollution control board (MPCB) indicated that the unit’s effluent treatment and air pollution control systems are fully operational. Hazardous waste is being stored and disposed using scientific methods in line with statutory procedures.
AXISCADES Technologies announced that its wholly-owned
subsidiary Mistral Solutions secured a defence supply order from Hindustan Aeronautics (HAL). The contract value is estimated at ₹80 crore involves the supply of mission computers and smart display units, with execution planned over a multi‑year period.
Anant Raj strengthened its position in India’s AI infrastructure space through a strategic collaboration between Anant Raj Cloud (subsidiary) and Submer, a full-stack AI infrastructure provider. Development of AI-ready data centres across India, designed to support sovereign and enterprise AI workloads at scale. Facilities will meet global performance and sustainability benchmarks, aligning with next-gen computing needs.
Ipca Laboratories announced a positive regulatory update from the US food and drug administration (US FDA) for its Tarapur active pharmaceutical ingredient (API) manufacturing facility (Palghar, Maharashtra). The inspection was conducted between 1–5 December 2025, covering compliance with current good manufacturing practices (cGMP). The facility has been classified as ‘Voluntary Action Indicated (VAI)’ in the establishment inspection report (EIR).
One 97 Communications Limited, the parent of Paytm, announced that the insurance regulatory and development authority of India (IRDAI) has renewed the insurance broking licence of its wholly-owned subsidiary, Paytm Insurance Broking Private Limited. The renewal has been granted under the direct (life & general insurance broker) category. The licence will remain valid for a three-year period starting February 2026.
Lupin announced the settlement of its patent infringement dispute with Astellas Pharma, providing clarity on the future of its Mirabegron product in the US market. As per the terms, Lupin will make a total payment of US$90mn to Astellas which includes a prepaid option payment of US$75mn. Additionally, Lupin will pay a prepaid per-unit licence fee for each unit of Mirabegron sold from the date of settlement until September 2027.
Godawari Power and Ispat Limited reported that it has received consent to operate for its Ari Dongri Iron Ore Mines at enhanced capacity from the Chhattisgarh environment conservation board. This follows the environmental clearance issued on 31 January 2026 by the state environment impact assessment authority, Chhattisgarh, under the ministry of environment, forest and climate change. With this approval, the company is authorised to expand mining capacity at Ari Dongri from 2.35MTPA (metric tonnes per annum ) to 6MTPA. The mining lease area has also been extended from 138.96 hectares to 213.01 hectares.
Tata Technologies announced that its battery intelligence platform WATTSync is ready to support India’s upcoming battery Aadhaar digital identity and traceability framework, while remaining aligned with the Europena Union (EU) Battery Regulation (EU BR 2023/1542). The platform provides full support for India’s mandated 21‑character battery pack Aadhaar number, enabling manufacturers and ecosystem partners to generate, manage and integrate unique battery identifiers across production, operational use and end-of-life stages. By mirroring global battery passport frameworks, WATTSync ensures inter-operability across borders and consistency with regulatory requirements.
Zaggle Prepaid Ocean Services reported a strategic partnership with Euronet Services India Private Limited to introduce co branded prepaid card solutions for corporate clients. Under the arrangement, Zaggle will work with Euronet Worldwide’s India arm to deliver prepaid card products integrated with its spend management and expense automation platform.
Bansal Wire Industries announced that its wholly-owned subsidiary, BWI Steel Private Limited, has signed a memorandum of understanding (MoU) with the ministry of steel under the government of India’s production linked incentive (PLI) scheme 1.2 for specialty steel. Under the MoU, BWI Steel will undertake capacity expansion for manufacturing stainless steel wire, committing to set up a production capacity of 70,000TPA.
Coforge announced expanded capabilities for its agentic AI-powered code intelligence and modernisation platform, CoforgeCodeInsightAI which sits at the core of its Forge‑X ecosystem. CodeInsightAI is positioned as an AI-first modernisation platform, automating reverse and forward engineering at enterprise scale. The enhanced capabilities target persistent challenges: legacy system complexity, mounting technical debt, fragmented technology landscapes, and shrinking legacy talent pools.
Bharti Airtel rolled out an advanced AI-powered fraud alert system designed to protect customers against the growing risk of OTP-related banking frauds. The system delivers real-time protection by detecting risky scenarios during live calls and alerting users before they share sensitive banking credentials. Fraudsters often exploit urgency around OTPs for services like deliveries, logins or bill payments, impersonating officials to trick customers. Airtel’s AI engine identifies when a bank OTP is generated during a suspicious incoming call and immediately triggers a fraud risk alert.
OneSource Speciality Pharma announced that it has received approval from the Saudi Food and Drug Authority (SFDA) for its generic version of Ozempic® (semaglutide) in Saudi Arabia. The approval enables commercialisation in the Kingdom through an exclusive partnership with Hikma Pharmaceuticals PLC, covering the Middle East and North Africa region. It will manufacture and supply semaglutide from its Bengaluru facility, while Hikma will manage distribution across private and institutional channels using its established regional network.
Mastek Limited expanded its Leeds office, marking a key milestone in its UK investment strategy and reinforcing its presence in the north of England. The expanded facility was inaugurated by Abhishek Singh, president – UKI & EU, Mastek, alongside Tracy Brabin, mayor of West Yorkshire. The new Leeds office provides 100 seats, with capacity to scale further as business requirements grow. Expansion reflects Mastek’s growing focus on AI-first digital engineering and cloud transformation services.
Orders
Tata Motors announced a major commercial vehicle supply agreement in Indonesia through its wholly-owned indirect subsidiary, PT Tata Motors Distribusi Indonesia. Under the deal, the company will supply 70,000 vehicles to support agricultural operations and rural logistics, marking one of the largest deployments in Indonesia’s agri-logistics segment.
As part of the agreement, Tata Motors will deliver 35,000 units of the Yodha pick up and 35,000 units of the Ultra T.7 truck to its Indonesian subsidiary. These vehicles will be deployed by PT Agrinas Pangan Nusantara, a State-owned enterprise working to modernise agricultural supply chains, strengthen rural cooperatives and advance Indonesia’s national food security goals.
Talbros Automotive Components (TACL), along with its joint venture (JV) partners, has secured fresh orders worth over ₹1,000 crore from leading original equipment manufacturers (OEMs) across domestic and export markets. These orders will be executed over the next five years, with commercialisation expected from FY26-27, providing long-term revenue visibility.
Bharat Heavy Electricals (BHEL) announced that it has received a letter of acceptance from Bharat Coal Gasification and Chemicals Limited (BCGCL) for a key package of its coal-to-chemicals project in Odisha.
BCGCL is a JV promoted by Coal India Limited with a 51% stake and BHEL holding 49%. The order pertains to the Syngas Purification Plant under the LSTK 2 package for BCGCL’s coal to 2,000TPD (tonnes per day ) ammonium nitrate project located at Lakhanpur (Jharsuguda district, Odisha).
ACME Solar Holdings secured a letter of award (LoA) for a 220MW (megawatt) solar power project integrated with a battery energy storage system (BESS). The project has been awarded by Rewa Ultra Mega Solar Limited (RUMSL) as part of its 440MW tender for the Morena Solar Park in Madhya Pradesh.
KPI Green Energy Limited announced that it has secured a new order from Adani group entities for execution of electrical, civil and allied works at the Khavda hybrid renewable power project in Kutch (Gujarat). The mandate covers a capacity of 300MWac/ 405MWdc , further strengthening KPI Green Energy’s role in one of India’s largest renewable energy developments. The orders have been awarded by Adani Green Energy Six Limited and Adani Green Energy Limited. With this addition, the total orders received by KPI Green Energy from Adani group entities for the Khavda projects now aggregate 834MWac / 1,131MWdc.
Garden Reach Shipbuilders & Engineers (GRSE) announced that it has secured a defence order worth around ₹33 crore from the ministry of external affairs, government of India. The contract covers the second refit of the Seychelles coast guard ship PS Zoroaster.
Ashoka Buildcon strengthened its international order-book after its wholly-owned subsidiary in Saudi Arabia, Ashoka Buildcon Ltd, received a letter of acceptance for a major construction project in Diriyah. The project has been secured via a JV with BEC Arabia Contracting Co. Awarded by Diriyah Company, owned by Saudi Arabia’s Public Investment Fund which is spearheading the flagship Diriyah II urban and cultural development. Ashoka Buildcon holds a 49% stake in the JV, translating into a share of SAR351.37mn (approx. ₹846.38 crore).
Ceigall India secured a significant infrastructure contract worth ₹2,160 crore from the National Highways Authority of India (NHAI) for the four-laning of NH‑139W in Bihar. Project involves construction of a 4‑lane highway stretch covering 78.942km in Bihar under the hybrid annuity mode (HAM). Construction period set at 730 days, followed by a 15‑year operations & maintenance (O&M) phase for long-term asset management.
Acquisitions/ Stake Sale
Power Finance Corporation (PFC) announced that it has received in-principle approval to acquire a 52.6% stake in Rural Electrification Corporation (REC) Ltd, paving the way for a potential merger of the two public sector NBFCs. The move follows finance minister Nirmala Sitharaman’s Union Budget 2026–27 announcement on restructuring PFC and REC to achieve scale and efficiency. PFC confirmed the development in an exchange filing to the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), noting its board has taken cognisance of the Budget directive. Post-approval, a detailed merger scheme will be shared, once requisite regulatory and administrative clearances are obtained.
Hindustan Unilever (HUL) announced that its board has approved the acquisition of the remaining 49% stake in Zywie Ventures which will make OZiva and its wholly-owned subsidiary Zenherb Labs Private Limited. Zywie Ventures reported turnover of ₹257.67 crore in FY24-25 operating in the health & wellbeing segment (vitamins, minerals, supplements, beauty & personal care, protein products). Post-transaction, HUL will hold 100% ownership of Zywie Ventures.
Black Box announced the acquisition of 2S InovaçõesTecnológicas (“2S”), a leading Brazilian IT infrastructure and managed services integrator, in a deal valued at around ₹275 crore. Black Box will acquire 100% equity stake in 2S. Acquisition strengthens Black Box’s footprint in Latin America, adding scale in IT infrastructure and managed services. The transaction is being executed through Black Box Do BrasilIndústria E Comércio Ltda, a step-down subsidiary of the company.
Earnings
SJVN reported Q3FY25-26 performance with revenue from operations surging 61.25% y-o-y to ₹1,081.97 crore compared with ₹670.99 crore in Q3FY24-25. Net profit for the quarter stood at ₹224.31 crore, marking 50.8% y-o-y increase from ₹148.75 crore in the corresponding period last year.
Sandhar Technologies reported Q3FY25-26 performance with revenue from operations rising 21.7% y-o-y to ₹1,184.64 crore compared with ₹973.69 crore in Q3FY24-25. Net profit after tax (PAT) stood at ₹33.45 crore, marking 11.7% increase from ₹29.95 crore in the corresponding quarter last year.
Sky Gold and Diamonds reported revenue from operations of ₹1,767.68 crore in Q3FY25-26, registering y-o-y growth of 77.1% compared with ₹997.96 crore in Q3FY24-25. Net profit for the quarter stood at ₹80.54 crore, more than doubling with y-o-y surge of 120.3% compared to ₹36.54 crore in the same period last year.
Man Industries (India) reported net profit of ₹55 crore for the quarter, a surge of 61.8% y-o-y compared with ₹34 crore in the corresponding period last year. Revenue stood at ₹830.4 crore, reflecting a healthy growth of 13.4% y-o-y from ₹732 crore. The results highlight strong profitability momentum alongside steady top-line expansion.
Zydus Lifesciences reported revenue from operations of ₹6,864.5 crore for Q3FY25-26, marking 30.3% y-o-y increase compared with ₹5,269.1 crore in Q3FY24-25. Net profit from continuing operations for the December quarter stood at ₹1,042.1 crore, marginally higher by 1.8% y-o-y compared with ₹1,023.8 crore in the same period last year.
Suprajit Engineering reported Q3FY25-26 performance with revenue increasing 17.7% y-o-y to ₹978.96 crore. Net profit declined 62.5% y-o-y to ₹12.53 crore.
Ceigall India reported Q3FY25-26 performance with revenue rising 19.3% y-o-y to ₹991 crore. Net profit stood at ₹74.1 crore, reflecting a marginal 1.2% y-o-y increase compared with ₹73.2 crore in the corresponding quarter last year.
PN Gadgil Jewellers reported Q3FY25-26 performance with revenue increasing 35.6% y-o-y to ₹3,303 crore. Net profit rose 99% y-o-y to ₹171 crore compared with ₹86 crore in the same period last year.
Apollo Micro Systems reported Q3FY25-26 performance with revenue rising 69.97% y-o-y to ₹252.22 crore compared with ₹148.39 crore in the same period last year. PAT stood at ₹22.88 crore, registering 25.45% y-o-y increase from ₹18.24 crore in Q3FY24-25.
IndoStar Capital Finance reported Q3FY25-26 performance with revenue declining 7.2% y-o-y to ₹346.4 crore compared with ₹373.2 crore in the same quarter last year. Net profit fell sharply by 70% y-o-y to ₹8.3 crore against ₹27.7 crore in the corresponding period of the previous financial year.
Escorts Kubota reported Q3FY25-26 performance with revenue from operations increasing 11.3% y-o-y to ₹3,280.5 crore compared with ₹2,948 crore in the same period last year. Its consolidated net profit rose 11.8% y-o-y to ₹358.3 crore against ₹320.6 crore in Q3FY24-25.
Oil India reported Q3FY25-26 performance with revenue marginally declining 0.08% y-o-y to ₹8,330 crore compared with ₹8,337 crore in the same quarter last year. Net profit stood at ₹1,195 crore, marking 10.8% y-o-y decline from ₹1,339 crore in Q3FY24-25.
Balrampur Chini Mills reported Q3FY25-26 performance with revenue from operations rising 22% y-o-y to ₹1,454.12 crore compared with ₹1,192.15 crore in the corresponding quarter last year. Net profit stood at ₹113.43 crore, increasing from ₹70.47 crore reported in Q3FY24-25.
Eicher Motors reported Q3FY25-26 performance with revenue from operations rising 22.9% y-o-y to ₹6,114.04 crore compared with ₹4,973.12 crore in the corresponding quarter last year. Net PAT stood at ₹1,420.61 crore, registering a 21.4% y-o-y increase from ₹1,170.50 crore in Q3FY24-25.
Gujarat Fluorochemicals reported Q3FY25-26 performance Revenue from operations: ₹1,136 crore, down 1% y-o-y from ₹1,148 crore in Q3FY24-25. Net profit was ₹103 crore, down 18.3% y-o-y from ₹126 crore in the corresponding quarter last year.
Welspun Living reported Q3FY25-26 performance with consolidated revenue falling 9.1% y-o-y to ₹2,262 crore, compared with ₹2,490 crore in the same quarter last year. Net profit plunged 99.8% to just ₹21 lakh.
Knowledge Marine & Engineering Works reported Q3FY25-26 performance with consolidated revenue rising 56.3% y-o-y to ₹90.0 crore, compared with ₹57.6 crore in the same quarter last year. Net profit surged 91.2% y-o-y to ₹30.4 crore, versus ₹15.9 crore in the corresponding period last year.
Red Tape reported Q3FY25-26 performance with net profit rising 43.2% y-o-y to ₹104.5 crore, compared with ₹73 crore in the corresponding quarter last year. Revenue climbed 19% y-o-y to ₹786.5 crore, versus ₹661 crore in the year-ago period.
Natco Pharma reported strong Q3FY25-26. Revenue from operations was ₹647.3 crore, up 36.3% y-o-y from ₹474.8 crore in Q3FY24-25. Net profit was ₹151.3 crore, up 14.3% y-o-y from ₹132.4 crore in the corresponding quarter last year.
West Coast Paper Mills posted Q3FY25-26 results with revenue from operations rising 3.3% y-o-y to ₹1,049.8 crore, compared with ₹1,016 crore in the same quarter last year. Despite the modest top-line growth, net profit declined sharply by 58% y-o-y to ₹27 crore, against ₹64.2 crore in the corresponding quarter of the previous fiscal.
Astra Microwave Products reported Q3FY25-26 results with net profit of ₹46.8 crore, down 1.3% y-o-y compared with ₹47.4 crore in the same period last year. Revenue rose 1% y-o-y to ₹260 crore.
Rate Gain Travel Technologies posted its Q3FY25-26 results with consolidated revenue surging 94.2% y-o-y to ₹540 crore, compared with ₹278 crore in the same quarter last year. Despite the sharp top-line growth, net profit fell steeply by 53.2% y-o-y to ₹26.4 crore, against ₹56.5 crore in the corresponding period of the previous fiscal.
Ola Electric reported its Q3FY25-26 results with revenue from operations declining 55% y-o-y to ₹470 crore, compared with ₹1,045 crore in the same quarter last year. At the same time, the company posted a net loss of ₹487 crore.
Indo Count Industries reported its Q3FY25-26 results with revenue from operations declining 7.70% y-o-y to ₹1,062.83 crore, compared with ₹1,151.55 crore in Q3FY24-25. At the same time, net profit fell sharply by 65.48% y-o-y to ₹24.43 crore.
Siemens Energy India reported strong Q3FY25-26 performance with revenue from operations rising 26% y-o-y to ₹1,910.9 crore, compared with ₹1,516.9 crore in the corresponding quarter last year. Net profit grew robustly by 35% y-o-y to ₹312.9 crore, against ₹231.7 crore in the same period of the previous fiscal.
Blue Jet Healthcare reported weak Q3FY25-26 results with revenue from operations declining 39.6% y-o-y to ₹192.4 crore, compared with ₹318.3 crore in the same quarter last year. At the same time, the company posted net profit of ₹99 crore, down 59.6% y-o-y from ₹245 crore.
Top gainers and losers of the major indices for the week are given in the table below:
