Author: Legal Parivar

Q2 Results: On October 31, several major Indian companies released their financial results for the second quarter of FY26, revealing a diverse performance across sectors — from Vedanta’s steep profit fall to ACC Cement’s stellar growth. Vedanta Q2 FY26 Results Vedanta reported a 38% year-on-year (YoY) decline in consolidated profit to ₹3,479 crore, compared to ₹5,603 crore in Q2 FY25. The company’s revenue from operations rose 6% YoY to ₹39,218 crore from ₹37,171 crore in the same quarter last year. ACC Cement Q2 FY26 Results ACC Cement, part of the Adani Group, posted a 460% surge in profit to ₹1,119…

ACC Cement, part of the Adani Group, reported a strong 460% year-on-year (YoY) rise in consolidated profit after tax (PAT) to ₹1,119 crore for the second quarter of FY26, compared with ₹199.7 crore in the same period last year. The company’s revenue from operations grew 29.8% YoY to ₹5,896 crore in Q2 FY26, up from ₹4,542 crore in Q2 FY25. The sharp jump in profitability was primarily driven by a net gain of ₹369 crore from the sale of land and related assets at its Thane facility, a deal concluded in April and realised in the second quarter. Operating EBITDA…

India’s market regulator, the Securities and Exchange Board of India (SEBI), is expected to impose a penalty on the Multi Commodity Exchange (MCX) following a four-hour trading outage on Tuesday that was triggered by a surge in trading activity, according to sources familiar with the matter. The disruption occurred due to a “capacity breach,” as the exchange’s systems were unable to handle the high number of clients trading that day. SEBI has not issued an official comment on the matter. MCX cites system limits for outage MCX stated on Friday that its systems had predefined parameters restricting the number of…

The initial public offering (IPO) of Lenskart Solutions opened for public subscription on October 31 and will close on November 4. The eyewear retailer has set its price band at ₹382–₹402 per share, targeting a valuation of over ₹69,700 crore at the upper end of the range. As per market observers, the Lenskart IPO grey market premium (GMP) stood at ₹70 on opening day. The IPO comprises a fresh issue worth ₹2,150 crore and an offer for sale (OFS) of 12.75 crore equity shares by promoters and existing investors. Promoters Peyush Bansal, Neha Bansal, Amit Chaudhary, and Sumeet Kapahi, along…

The initial public offering (IPO) of Safecure Services Ltd closed for bidding on October 31, after witnessing decent demand throughout its three-day book-building process. The SME IPO was fully subscribed on the very first day (October 29). Safecure Services IPO Subscription Status By the end of the bidding period, the Safecure Services IPO was subscribed 1.81 times, receiving bids for 51.68 lakh shares against 28.5 lakh shares on offer. The retail investor portion saw the strongest demand with 3.31 times subscription, while the non-institutional investor (NII) category was subscribed 0.32 times. Safecure Services IPO GMP The grey market premium (GMP)…

Godrej Consumer Products Ltd (GCPL) on Friday reported a 6.5% year-on-year decline in consolidated net profit to ₹459 crore for the second quarter of FY26, compared to ₹491 crore in the same quarter last year. The company’s consolidated revenue from operations rose 4.3% YoY to ₹3,825 crore, up from ₹3,666 crore in Q2 FY25, reflecting steady growth in its core FMCG portfolio. Dividend Announcement The board of Godrej Consumer approved an interim dividend of ₹5 per equity share for FY26. The record date for determining eligible shareholders is November 7, 2025, and the dividend will be paid on or before…

Bengaluru-based healthcare major Narayana Hrudayalaya Ltd, which operates hospitals under the Narayana Health brand, announced that it will acquire UK-based Practice Plus Group Hospitals Ltd for GBP 188.78 million (over ₹2,200 crore), marking a significant step in its international growth strategy. According to a regulatory filing, the deal involves the acquisition of 100% equity shares of Practice Plus Group Hospitals through a cash transaction. The shares will be purchased by Narayana Hrudayalaya UK Ltd, a wholly owned subsidiary of Health City Cayman Islands Ltd, which in turn is a subsidiary of Narayana Hrudayalaya. “The total consideration for the acquisition is…

The ₹1,667 crore initial public offering (IPO) of Orkla India Ltd, the company behind popular spice and condiment brands MTR and Eastern, closed for bidding on Friday with strong investor participation across categories. Subscription Status By the end of the final bidding day, the Orkla India IPO received bids for 77.96 crore shares against 1.60 crore shares on offer, translating into an overall subscription of 48.73 times. Grey Market Premium (GMP) The Orkla India IPO GMP surged to ₹86 on Friday, suggesting that the stock may list at around ₹816 per share, an 11.78% premium over the upper price band…

State-run oil marketing company Bharat Petroleum Corporation Ltd (BPCL) reported a 168% year-on-year surge in standalone net profit to ₹6,442.53 crore for the second quarter of FY26, compared with ₹2,397.23 crore in the same period last year. Sequentially, however, the company’s net profit dipped 5.2% from ₹6,123.93 crore in the June 2025 quarter. BPCL’s revenue from operations rose 3.1% YoY to ₹1,21,570.90 crore from ₹1,17,917.43 crore in Q2 FY25. On a quarter-on-quarter basis, revenue declined 6.17% from ₹1,29,577.89 crore reported in Q1 FY26. At the operational level, EBITDA grew 1.2% QoQ to ₹9,778 crore from ₹9,664 crore, while the EBITDA…

State-owned gas major GAIL (India) Ltd on Friday reported an 18% year-on-year decline in standalone net profit to ₹2,823.19 crore for the September 2025 quarter, as weaker petrochemical margins offset steady performance in its gas transmission and marketing businesses. The company had reported a profit of ₹3,453.12 crore in the same quarter last year, according to its stock exchange filing. While revenue from operations increased 6% YoY to ₹35,031 crore from ₹32,930.72 crore in the July–September 2024 period, profitability was hit by a pre-tax loss of nearly ₹300 crore in the petrochemical segment due to margin pressures. For the first…