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Govt must step in for AMCA to yield pvt fighter jet maker: Sources
Bhaswar Kumar New Delhi
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Government intervention is likely to be required to guide the selection of the development-cum-production partner for the prototype of India's first radar-evading fighter jet, or else the current process is unlikely to yield a second combat aircraft manufacturing line in the country—let alone one led by the private sector, industry insiders with first-hand knowledge of the exercise told Business Standard. The sources — who did not wish to be named — added that even if the prototype were successfully built under the current scheme of things, the programme's intended execution through industry partnership was likely to be derailed.
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Indian Express
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Economic Times
40 minutes ago
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Reliance Industries Q1 Results: Cons PAT jumps 78% YoY to Rs 26,994 cr, beats Street estimates
Reliance Industries Q1 Results: Mukesh Ambani led Reliance Industries (RIL) on Friday reported a 78% growth in its Q1FY26 consolidated net profit at Rs 26,994 crore versus Rs 15,138 crore in the year ago period. The profit is attributable to the owners of the company and is above Street's estimates of Rs 22,069 crore. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Management commentary Mukesh Ambani-led Reliance Industries (RIL) on Friday reported a 78% year-on-year increase in its Q1FY26 consolidated net profit to Rs 26,994 crore, compared to Rs 15,138 crore in the year-ago period. The sharp increase in profit was primarily driven by a one-time gain from the sale of the company's stake in Asian Paints , which contributed to Rs 8,924 crore in other income. The profit, attributable to the owners of the company, exceeded Street estimates of Rs 22,069 company's revenue from operations rose 5.3% to Rs 2,48,660 crore versus Rs 2,36,217 crore in the year ago earnings before interest, taxes, depreciation and amortization (EBITDA) stood at Rs 58,024 crore in the quarter under review, rising by 36% over Rs 42,748 crore in the corresponding quarter of the last financial the EBITDA margin for the quarter ended June 30, 2025, stood at 21.2%, rising 460 bps over 16.6% in gross revenue increased by 6% YoY to Rs 2,73,252 crore ($ 31.9 billion). The Jio Platform revenue increased by 18.8% YoY due to strong subscriber growth across mobility and homes, increased consumption and sustained positive momentum in digital Read: RIL Q1 Takeaways: 10 key highlights from Mukesh Ambani-led conglomerate's earnings Meanwhile Reliance Retail Ventures (RRVL) revenue increased by 11.3% YoY. All segments performed well, with market leading performance in grocery and fashion, the company filing Oil to Chemicals (O2C) revenue decreased by 1.5% YoY due to a fall in crude oil prices and lower volumes on account of the planned shutdown. Segment revenues were supported by increased domestic placement of transportation fuels through Read: Reliance Jio Q1 Results: PAT grows 25% YoY to Rs 7,110 crore; ARPU at Rs 208.8 The Oil & Gas segment revenue decreased by 1.2% YoY mainly on account of lower sales volume of KGD6 gas with natural decline in production, lower gas price for CBM and lower crude price realization. This was partly offset with improved KGD6 gas price realization, the company filing Platform EBITDA increased by 23.9% YoY driven by strong growth in ARPU and 210 bps margin expansion led by operational RRVL EBITDA increased by 12.7% YoY led by strategic initiatives, operating leverage and cost O2C EBITDA increased by 10.8% YoY due to favourable margin on domestic fuel retail, improvements in transportation fuel cracks and PP, PVC delta. This was partially offset by lower volumes on planned turnaround and decline in polyester chain for the Oil & Gas segment, EBITDA decreased by 4.1% Y-o-Y on account of lower revenues coupled with increase in operating costs due to higher maintenance activities during the on the results, Chairman & Managing Director Mukesh Ambani said that RIL has started FY26 with a robust, all-round operational and financial performance. Consolidated EBITDA for 1QFY26 improved strongly from year-ago period, despite significant volatility in global macros, he said."During the quarter, energy markets encountered heightened uncertainty, with sharp fluctuations in crude prices. Our O2C business delivered strong growth, with thrust on domestic demand fulfillment and offering value-added solutions through Jio-bp network. Performance was supported by improvement in fuel and downstream product margins. Natural decline in KGD6 gas production resulted in marginally lower EBITDA for Oil & Gas segment," Ambani Read: Reliance Retail Q1 Results: PAT rises 28% YoY to Rs 3,271 crore, revenue up 11% On the retail business, the CMD said that RIL's retail business continues to enhance its ability to fulfill everyday as well as specialized needs of all customer cohorts, through a multi-channel for Jio, he said that the business scaled newer heights during the quarter including crossing 200 million 5G subscribers and 20 million home connects. "Jio AirFiber is now the largest FWA service provider in the world, with a base of 7.4 million subscribers. Our Digital Services business consolidated its market position with a robust financial and operational performance," he further said.
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Business Standard
an hour ago
- Business Standard
Reliance Infrastructure receives NCLAT breather from insolvency proceedings
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