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Stocks in News Today: Meesho, Bajaj Auto, Adani Green, IDBI Bank, Delhivery
The Economic Times· 2026-02-01 00:31
Financial Performance - IDFC First Bank reported a 48% year-on-year increase in net profit to Rs 503 crore for Q3 FY26, up from Rs 339 crore in the same period last year. Net interest income grew 12% year-on-year to Rs 5,492.4 crore, compared to Rs 4,902 crore a year ago [1][10] - Sun Pharmaceuticals achieved a consolidated net profit of Rs 3,369 crore in Q3 FY26, reflecting a 16% increase from Rs 2,903 crore in the same quarter last year. Revenue from operations rose 13.5% to Rs 15,520 crore [2][11] - Bajaj Auto reported a 19% year-on-year growth in consolidated net profit at Rs 2,503 crore, with revenue from operations also increasing by 19% to Rs 15,220 crore, driven by record quarterly volumes and a richer product mix [4][11] - Meesho's consolidated net losses surged 13 times to Rs 491 crore compared to a loss of Rs 37 crore in the previous year, although revenue increased by 32% year-on-year to Rs 3,518 crore [5][11] - Ambuja Cement experienced a 91% decline in consolidated net profit to Rs 204 crore, down from Rs 2,158 crore reported in the same quarter last year [6][11] Corporate Developments - Adani Green issued a clarification regarding a civil case filed by the US Securities and Exchange Commission against its directors, stating that the company is not a party to the proceedings and no charges have been brought against it [7][11] - The Centre has set a post-Budget deadline for bids to offload stake in IDBI Bank, marking the final phase of the divestment exercise that began in October 2022, with bids due by the first week of February [8][11] - Delhivery's independent director and chairman Deepak Kapoor has resigned effective April 1 as part of the company's planned board reconstitution [9][11]