India’s oldest exchange posted a 61 percent revenue surge in Q3 as its options business continues to eat into NSE’s dominance. Brokerages raise their targets. There was a time not too long ago when BSE’s derivatives business was an afterthought. That time is over. The exchange formerly known as the Bombay Stock Exchange reported revenues … Read more
A cost blowout wiped out margins in Q3. The real question is whether the March quarter can salvage the year. BEML had a quarter most companies would rather forget. The state-owned heavy equipment maker reported revenues of Rs 1,083 crore for the third quarter of FY26, a solid 24 percent jump from Rs 876 crore … Read more
Tata Motors Passenger Vehicles is navigating a challenging period as its luxury arm Jaguar Land Rover (JLR) grapples with multiple headwinds, even as the company’s India business continues to deliver robust growth, according to recent analyst reports. The contrasting performance of the automaker’s two key segments has prompted sharply divergent views from analysts, with the … Read more
Advertising revival and owned-brand momentum lift India’s fashion e-commerce platform, yet profitability puzzle remains only half-solved The monsoon has ended for Nykaa’s advertising business, and investors should be relieved. FSN E-Commerce Ventures, the Mumbai-listed beauty and fashion platform, delivered its strongest quarterly performance in over a year during the three months ended December, driven by … Read more
India’s telecom leader posted another strong quarter with ARPU hitting Rs 259 and free cash flow at Rs 194 billion. Bharti Airtel continues executing flawlessly, posting its third consecutive quarter of steady growth with average revenue per user climbing to Rs 259 and free cash flow generation hitting Rs 194 billion. The company added 4.4 … Read more
India’s largest two-wheeler maker posted 21% revenue growth while finally gaining traction in scooters and premium bikes. Hero MotoCorp is proving that market leadership doesn’t require standing still. The company that built an empire selling 100-125cc commuter motorcycles is systematically expanding into scooters, premium bikes, and electric vehicles—all while maintaining its core business momentum. Third-quarter … Read more
The country’s largest lender, SBI, is doing well on all fronts State Bank of India just delivered a class in how to navigate a tricky credit environment. While private sector banks grapple with slowing loan demand and margin pressure, the government-owned behemoth posted 6% quarterly loan growth while keeping net interest margins above the psychologically … Read more
The state-owned behemoth is shedding its mass-market legacy for higher-margin products. Life Insurance Corporation of India is pulling off something remarkable: teaching an elephant to dance. The state-owned insurance giant, long synonymous with low-margin, mass-market policies sold door-to-door by millions of agents, is executing a pivot that’s starting to show in the numbers. Third-quarter results … Read more
India’s fifth-largest drugmaker is thriving in diabetes and cardiac care while waiting for its infection-treatment business to recover Mankind Pharma is executing a textbook transition from acute to chronic therapies, and the third-quarter numbers prove the strategy is working—mostly. The company posted 11.5% revenue growth to Rs 35,672 million, beating estimates, while margins expanded to … Read more
India’s Jockey licensee is managing margins brilliantly while volume growth stalls. Page Industries delivered a technically clean third quarter, beating Street estimates on both growth and profitability. Yet beneath the headline numbers lies a more nuanced story—one of a premium brand navigating the delicate balance between maintaining margins and reviving volume growth in a subdued … Read more