MRF gains after Q4 PAT climbs 43% YoY to Rs 701 cr; declares dividend of Rs 229/ share

MRF gains after Q4 PAT climbs 43% YoY to Rs 701 cr; declares dividend of Rs 229/ share


MRF rose 1.01% to Rs 1,31,685 after the tyre maker reported a strong financial performance for the fourth quarter ended March 2026 and announced a hefty final dividend for shareholders.

The companys consolidated net profit surged 42.66% year-on-year (YoY) to Rs 700.68 crore in Q4 FY26, compared with the corresponding quarter of the previous fiscal year. Revenue from operations increased 13.70% YoY to Rs 8,044.22 crore during the quarter.

Profit before exceptional items and tax climbed 38.93% YoY to Rs 915.77 crore in the March quarter. The company reported exceptional items worth Rs 13.96 crore related to labour code compliance.

Total expenses increased 11.28% to Rs 7,267.51 crore in Q4 FY26, compared with Rs 6,531.04 crore in Q4 FY25. Cost of material consumed stood at Rs 4,994.25 crore (up 5.79% YoY), employee benefit expenses stood at Rs 550.83 crore (up 16.98% YoY) while finance cost stood at Rs 86.33 crore (down 11.84% YoY) during the period under review.

 

Meanwhile, the companys board of directors recommended a final dividend of Rs 229 per equity share of face value Rs 10 each for FY26, subject to shareholders approval at the upcoming annual general meeting.

The company had already declared and paid two interim dividends of Rs 3 each per share during the financial year. With the final dividend, the total dividend payout for FY26 stands at Rs 235 per equity share.

MRF is engaged in the manufacture of rubber products such as tyres, tubes, flaps, and tread rubber and/or trading in rubber and rubber chemicals.

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MRF gains after Q4 PAT climbs 43% YoY to Rs 701 cr; declares dividend of Rs 229/ share

Brigade Enterprises slips as Q4 PAT slides 41% YoY to Rs 145 cr


Brigade Enterprises declined 4.37% to Rs 776.55 after the company reported a 41.05% decline in consolidated net profit to Rs 145.49 crore in Q4 FY26 as against Rs 246.82 crore reported in Q4 FY25.

Revenue from operations marginally declined 0.19% year-on-year to Rs 1,457.60 crore in the quarter ended 31 March 2026.

Profit before exceptional items and tax stood at Rs 239.59 crore in Q4 FY26 compared with Rs 305.65 crore in Q4 FY25. The company reported exceptional items of Rs 5.30 crore during the quarter related to the implementation of new labour codes.

On the segmental front, real estate revenue stood at Rs 995.40 crore, up 1.91% from Rs 976.72 crore reported in Q4 FY25; revenue from leasing stood at Rs 322.87 crore, registering a 6.7% de-growth compared to Q4 FY25; while hospitality revenue in Q4 FY26 stood at Rs 155.08 crore, reflecting a 1.17% increase over Q4 FY25.

 

Brigade Enterprises reported real estate sales of 1.95 million square feet with a sales value of Rs 2,521 crore in Q4 FY26. Average realization stood at Rs 12,915 per square foot, up 7% year-on-year. The company launched around 4 million square feet across seven projects during the quarter.

On a full-year basis, the company’s net profit declined 6% to Rs 644.39 crore on a 12.3% rise in net sales to Rs 5,697.22 crore in FY26 over FY25.

Pavitra Shankar, managing director, Brigade Enterprises, said, The Q4 of FY26 reflected the sales momentum we had been building towards. We recorded our strongest quarter of FY26, with pre-sales of Rs 2,521 crore, a 44% sequential increase, driven by strong new-launch absorption and disciplined pricing. Average realizations improved 9% year-on-year, underscoring market confidence in Brigades product quality. Overall, Brigade enters FY27 with a strong pipeline, balanced portfolio, and clear execution focus. To commemorate the 40th of the brigade, the board has recommended a bonus issue of 1:3.

Meanwhile, the companys board has recommended a final dividend of Rs 2 per equity share of face value Rs 10 each for FY26.

Separately, the board of directors has recommended a bonus issue in the ratio of 1:3, comprising one bonus equity share of face value Rs 10 each for every three fully paid-up equity shares of face value Rs 10 each held by shareholders as on the record date, subject to shareholders approval.

Brigade Enterprises is one of Indias leading property developers. The company has developed properties in cities like Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Gift City-Gujarat, Thiruvananthapuram, Mangaluru, and Chikkamagaluru with developments across residential, office, retail, and hotels.

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MRF gains after Q4 PAT climbs 43% YoY to Rs 701 cr; declares dividend of Rs 229/ share

Gallantt Ispat rises after recording PAT of Rs 123 crore in Q4


Gallantt Ispat gained 2.41% to Rs 866.25 after the company reported 5.61% rise in net profit to Rs 123 crore on a 12.37% increase in revenue from operations to Rs 1,204 crore in Q4 FY26 as compared with Q4 FY25.

Total expenses for the period under review added up to Rs 1,067 crore, up 15.4% YoY. This was primarily due to higher raw material costs (up 23.65% YoY) and higher employee expenses (up 31.25% YoY).

EBITDA for Q4 FY26 was Rs 208.9 crore (up 7.3% YoY), translating to an EBITDA margin of 17.3% (down 90 basis points YoY). EBITDA per tonne marginally reduced to Rs 8,882 in Q4 FY26 from Rs 9,066.1 in Q4 FY25.

 

Profit before tax in Q4 FY26 stood at Rs 162 crore, up by 1.96% from Rs 158 crore in Q4 FY25.

For FY26, the company has recorded consolidated net profit and revenue from operations of Rs 484 crore (up 20.84% YoY) and Rs 4,479 crore (up 3.95% YoY), respectively.

CP Agrawal, chairman & managing director, Gallantt Ispat, commented: With an ongoing capex of Rs 3000 crore toward capacity expansion from 1.00 MMTPA to 1.29 MMTPA, to be commissioned in H2 FY2027, we are well positioned to drive volume growth.

Additionally, the operationalisation of iron ore mines by FY2028 is expected to improve EBITDA margin progressively over the next two years. We achieved 82.9% utilization in FY2025-26 as compared to 80.5% in FY2024-25.

The expansion of finished steel by nearly 29-30% will be commissioned progressively through H1 FY2027, with volume impact expected in H2 FY2027.

Furthermore, our captive iron ore blocks in Rajasthan and Uttar Pradesh, once operational, will enhance raw material security and are expected to deliver an EBITDA improvement of approximately Rs 2,000 per tonne.

Gallantt Ispat is the largest producer of Rebars in Uttar Pradesh with a 25% market share in its addressable geographies. The company operates an integrated steel manufacturing business from its two manufacturing units – one at Gorakhpur (UP) and another at Kutch (Gujarat) and they together add up to 1.0 MTPA of finished steel capacity, supported by 129 MW of captive power.

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MRF gains after Q4 PAT climbs 43% YoY to Rs 701 cr; declares dividend of Rs 229/ share

L&T's Buildings & Factories vertical bags 'large' contacts from real-estate client


Larsen & Toubro said that the Buildings & Factories (B&F) business vertical of the company has won multiple ‘large’ orders from a valued real-estate client.

These orders are for real-estate projects across three Indian states.

The first order pertains to a residential project in Hyderabad. The scope of work includes design and construction of 10 high-rise residential towers, each rising up to 180 metres, with a configuration of two basements, plus 55 floors. Two clubhouses are also in the scope.

The next order is for a luxury high-rise residential tower at Worli in Mumbai. The project scope encompasses the construction of the RCC shell and core structure, reaching a height of up to 260 metres, with a configuration of five basements, plus 63 floors.

 

The third order pertains to the construction of several residential villas, a luxury hotel and ancillary structures for a project in Karnataka. B&Fs scope includes the construction of the RCC shell and core structure, along with associated finishes.

According to L&Ts internal classification, the value of this large contract lies between Rs 2,500 crore to Rs 5,000 crore.

Larsen & Toubro is an Indian multinational engaged in EPC projects, hi-tech manufacturing, and services.

The company reported a 3.12% decline in consolidated net profit to Rs 5,325.60 crore, despite a 11.25% increase in revenue from operations to Rs 82,762.16 crore in Q4 FY26 over Q4 FY25.

The scrip rose 0.21% to currently trade at Rs 4016.90 on the BSE.

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MRF gains after Q4 PAT climbs 43% YoY to Rs 701 cr; declares dividend of Rs 229/ share

RBI issues revised norms for entities dealing in forex


The Reserve Bank has put in place revised norms for entities dealing in foreign exchange, whereby fresh licences will not be issued to money changers. The Foreign Exchange Management (Authorised Persons) Regulations, 2026 is aimed at rationalising the authorisation and renewal framework for authorised persons and extend the principal-agent model for delivery of foreign exchange facility while maintaining appropriate checks and balances, the central bank said on Wednesday. “The Reserve Bank has reviewed the existing framework for authorisation of any person as an Authorised Person under the Foreign Exchange Management Act, 1999, with the objective to rationalise the framework to improve delivery of foreign exchange services as well as easing compliance requirements,” it added.

 

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First Published: May 07 2026 | 10:04 AM IST



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MRF gains after Q4 PAT climbs 43% YoY to Rs 701 cr; declares dividend of Rs 229/ share

Hindustan Hardy standalone net profit declines 28.79% in the March 2026 quarter


Sales rise 18.01% to Rs 29.62 crore

Net profit of Hindustan Hardy declined 28.79% to Rs 1.88 crore in the quarter ended March 2026 as against Rs 2.64 crore during the previous quarter ended March 2025. Sales rose 18.01% to Rs 29.62 crore in the quarter ended March 2026 as against Rs 25.10 crore during the previous quarter ended March 2025.

For the full year,net profit rose 27.16% to Rs 8.38 crore in the year ended March 2026 as against Rs 6.59 crore during the previous year ended March 2025. Sales rose 33.57% to Rs 108.79 crore in the year ended March 2026 as against Rs 81.45 crore during the previous year ended March 2025.

 ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var.Sales29.6225.10 18 108.7981.45 34 OPM %9.1514.98 11.0811.95 PBDT2.953.90 -24 12.8510.07 28 PBT2.543.59 -29 11.348.95 27 NP1.882.64 -29 8.386.59 27

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First Published: May 07 2026 | 9:05 AM IST



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