🇮🇳 India Daybook: SAIL Profits Soar 120%, Waaree Renewable Bags Solar Orders

📍 EARNINGS

• Steel Authority of India (SAIL): Reported a massive 120.8% YoY surge in consolidated net profit to ₹1,644 crore for Q1, primarily driven by a significant reduction in operating expenses.
• REC Ltd: The state-run power financier posted a 23% QoQ rise in net profit to ₹4,149 crore, with its standalone loan book reaching a record ₹5.9 lakh crore.
• Mphasis: Recorded a 17.46% YoY increase in revenue to ₹4,384 crore for the first quarter, reflecting steady demand in IT services.
• KFin Technologies: Revenue jumped 30.1% YoY to ₹356.5 crore; however, net profit saw a slight 2.6% dip to ₹75.2 crore due to integration costs from recent international acquisitions.
• Aurionpro Solutions: Reported a consolidated net profit of ₹45.9 crore for Q1, showing a sequential moderation from the ₹61.5 crore recorded in the previous quarter.

📍 ORDER WIN

• Waaree Renewable Technologies: Secured significant solar EPC (Engineering, Procurement, and Construction) orders, bolstering its renewable energy project pipeline.
• Goodluck India: Its subsidiary, Goodluck Defence, received a Quality Assurance Certificate from the Directorate General of Quality Assurance (DGQA), paving the way for expanded defense contracts.
• Coforge: Announced a robust executable order book of $2.23 billion for the next 12 months, marking a 27% increase compared to the previous quarter.

📍 STRATEGIC PARTNERSHIP

• Wipro: Partnered with Databricks to assist global enterprises in modernizing their data infrastructure and deploying generative AI solutions at scale.
• Zaggle Prepaid: Entered into a three-year agreement with Daimler India Commercial Vehicles to provide corporate credit card and fleet management solutions.
• HCLTech: Released new research in collaboration with Economist Enterprise AI, focusing on AI adoption across the Technology, Media, and Telecom (TMT) sectors.

📍 ACQUISITION

• Heritage Foods: Increased its stake in PBJL by an additional 20%, bringing its total holding to 71% and officially making the entity a subsidiary.

📍 REGULATORY / OTHERS

• Sun Pharmaceutical: Partner Philogen resubmitted the marketing authorization application for Nidlegy, a melanoma treatment, to the European Medicines Agency (EMA) for approval in Europe and Australia.
• Avenue Supermarts (DMart): Expanded its retail footprint by opening a new store in Udaipur, Rajasthan, bringing the total store count to 505.
• Pfizer India: Announced that Executive Director and CFO Amit Agarwal has resigned, with his departure effective October 8, 2026.

📍 DIVIDEND

• Ex-Dividend Today: Several prominent stocks trade ex-dividend today, including SRF (₹5.00/share), Godrej Properties, Solar Industries India, Dollar Industries, GMM Pfaudler, and Greaves Cotton.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

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