Sunday, September 20
ITC Hotels shares surged over 3% to hit a record high of Rs 246 in Thursday’s intraday trade on the BSE after the company posted a 54% year-on-year (YoY) rise in net profit for Q1FY26. Net profit attributable to the owners of the company stood at Rs 133 crore, up from Rs 87 crore in the same quarter last year.Revenue from operations for the quarter stood at Rs 816 crore, up 15.5% from Rs 706 crore in the corresponding quarter of the previous financial year.The company's profit after tax (PAT) fell 48% sequentially, compared to Rs 257 crore reported in Q4FY25. The decline in PAT is attributed to a 23% drop in ITC Hotels’ revenue in the current quarter, down from Rs 1,061 crore in the January–March period.The year-on-year growth in PAT and revenue boosted investor sentiment, pushing th
Shares of Waaree Renewable Technologies surged as much as 5.2% on Thursday to Rs 1,265.80, extending their three-day rally to 29.8%, as positioned ahead of the company’s June-quarter results scheduled for later today.The stock, which had gained 5% and 17.5% in the previous two sessions, reclaimed the Rs 1,200 level for the first time in months, driven by renewed optimism around earnings and improving sentiment in the renewable energy sector. Waaree has now surged 23% so far in July, offsetting losses from the prior month and continuing a recovery that began in May.Despite the recent gains, shares remain nearly 39% below their 52-week high of Rs 2,074.95 hit in September 2024 and continue to trade below the IPO issue price of Rs 1,503 from its October 2023 listing.Earnings due todayInvest
Zee Entertainment Enterprises has invested over Rs 6,000 crore in its over-the-top (OTT) platform, ZEE5, since its launch in February 2018, according to a senior company executive.The company is now focused on reducing ZEE5’s losses and guiding the platform toward breakeven, with a target to achieve this in FY26. In FY25, ZEE5 reduced its EBITDA loss to Rs 548 crore from Rs 1,105 crore a year earlier, while revenue grew 6% to Rs 976 crore.“The reality is that there has been a lot of investment in the company in the past, but mostly in ZEE5. About Rs 6,000 crore plus cash has been invested or gone towards ZEE5,” said Vikas Somani, Head – Strategy & Investor Relations at Zee, during the "Ask Me Anything" conference call on July 3.Reflecting on past strategy, Somani acknowledged t
