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Time of India
a day ago
- Business
- Time of India
Suzlon Energy Q1 results: Cons PAT jumps 7% YoY to Rs 324 crore; revenue soars 55%
Suzlon Energy kicked off FY26 on a positive note, posting a 7% year-on-year rise in its consolidated net profit to Rs 324 crore for the June quarter, compared to Rs 302 crore in the same period last year. The wind energy major's revenue from operations surged nearly 55% to Rs 3,117 crore from Rs 2,016 crore a year ago, while the net volumes rose to 444 MW in Q1FY26, up from 274 MW in Q1FY25. Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Secure Your Child's Future with Strong English Fluency Planet Spark Learn More Undo The company's EBITDA stood at Rs 599 crore, marking a solid 62% jump over Rs 370 crore last year, as the company benefited from operating leverage and cost efficiencies. The EBITDA margin improved to 19.2% from 18.4% a year earlier, underlining Suzlon's efforts to keep expenses in check while scaling operations. Suzlon Energy achieved its highest-ever Q1 deliveries at 444 MW, supported by a robust order pipeline. This marked the 10th consecutive quarter of order book growth, with the company receiving 1 GW of new orders during the period. Suzlon's total order book now stands at 5.7 GW, with 75% comprising Commercial & Industrial (C&I) and PSU orders. Live Events Strong Domestic Demand Outlook Target of 122 GW wind capacity by FY32 with wind dominant in hybrid, RTC, and FDRE projects. C&I sector to require 78 GW renewable energy by FY30. Massive Capacity & Export Potential India is poised to become a global export hub for wind turbine components. Significant repowering opportunity of ~25.4 GW in existing projects. 'The energy sector is undergoing a structural shift where winddominant FDRE and RTC solutions are essential for delivering firm, reliable, and affordable clean power to India. The rising demand from C&I and PSU customers, along with a strong base of repeat orders, reflects the trust in Suzlon's technology leadership and execution capabilities. India achieving 50% non-fossil fuel capacity well ahead of its target are reshaping the manufacturing ecosystem. With our integrated domestic value chain, Suzlon is best positioned to leverage this momentum and drive India's clean energy economy forward,' said Girish Tanti, Vice Chairman of Suzlon Group. Suzlon Energy shares on Tuesday closed flat at Rs 63.12 on the BSE.
Time of India
a day ago
- Business
- Time of India
Nykaa Q1 Results: Cons PAT soars 79% YoY to Rs 24 crore, revenue jumps 23%
FSN E-Commerce, which operates 'Nykaa' brand, reported a consolidated net profit of Rs 24 crore in Q1, which was up 79% compared to Rs 14 crore reported in the year ago period. Company's revenue from operations in the quarter under review grew 23% to Rs 2,155 crore versus Rs 1,746 crore in Q1FY25. Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 21st Century Skills Start with Confident Communication Planet Spark Learn More Undo Company's GMV reached Rs 4,182 crore in Q1FY26, up 26% YoY while its Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) was 46% higher YoY with EBITDA margin expanding to 6.5% from 5.5% in Q1 FY25. Beauty business: Nykaa's Beauty vertical showed robust growth in Q1 FY26, with GMV increasing 26% YoY to Rs 3,208 crore. This was supported by strong all-round performance across e-commerce, retail stores, eB2B distribution and House of Nykaa portfolio. Platform growth was fueled by consistent focus on deepening penetration and premiumisation, as was reflected in new customer acquisition and improving AOV respectively. Live Events The cumulative beauty customer base expanded to nearly 37 million in Q1, reflecting a 29% YoY increase. One Nykaa's FSN E-Commerce Ventures Limited House of Nykaa GMV includes Nykaa ecosystem, other third party online marketplaces and GTMT overall cumulative customer base is now over 45 million. Beauty multibrand retail The company added marquee new brands like Chanel Beauty & Fragrance, Armani Beauty, Supergoop, Anua, Aestura, Chantecaille and Paula's Choice, among many others. Offline retail Nykaa's offline retail network achieved a milestone of 250 beauty stores across 82 cities as of July 2025. Total retail space grew 36% YoY in Q1FY26 to 2.5 lakh+ square feet, supported by the rollout of larger-format experiential flagship stores.
Time of India
a day ago
- Business
- Time of India
India's space regulator picks Google-backed PixxelSpace for home-grown satellite constellation
India's space regulator has picked a consortium led by Google-backed startup PixxelSpace to build a commercial home-grown constellation of earth observation satellites, with an investment of more than 12 billion rupees (nearly $137 million) over the next five years, it said on Tuesday. The consortium, comprising local space tech firms Piersight Space, Satsure Analytics India and Dhruva Space, will design, build, and operate the satellites, the Indian National Space Promotion and Authorisation Centre (IN-SPACe) said. Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program The PixxelSpace-led consortium won the project, outbidding Indian defence equipment makers Astra Microwave and Bharat Electronics . The Indian government wants to reduce its dependence on foreign systems, including the widely used U.S. Global Positioning System (GPS), and says its regional navigation satellite system, called NavIC (Navigation with Indian Constellation), provides more accurate domestic navigation and that its use would benefit the economy. This is in line with Prime Minister Narendra Modi's drive for self-reliance, which has also expanded the use of NavIC. Live Events India has also been pushing tech giants to make smartphones compatible with its home-grown navigation system within months, worrying the likes of Samsung, Xiaomi and Apple.
Time of India
a day ago
- Business
- Time of India
Indian Ports Bill 2025 passed by Lok Sabha
The Indian Ports Bill, 2025 was passed by Lok Sabha Tuesday. An official statement said the Bill seeks to promote integrated planning and strategic development of ports through a robust consultative framework between the Centre and States. The statement said this Bill seeks to statutorily establish the Maritime State Development Council (MSDC). This will be a recommendatory body empowered to advise the Central and State Governments on various matters, to facilitate collaborative and long-term planning of all ports. Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program 'MSDC will promote collaborative, data-driven planning across all ports, including formulation of a National Perspective Plan for maritime infrastructure,' the statement said while adding ports will share real-time data (cargo volumes, vessel traffic, capacity, hinterland connectivity and traffic pattern data) enabling MSDC to offer evidence-based, regionally balanced recommendations. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo This Bill also encourages coastal states to formally notify State Maritime Boards, empowered with uniform administrative and managerial functions, the statement added. State-level Dispute Resolution Committees are also being introduced to adjudicate certain port-related disputes at ports other than major ports. 'The Committees can hear matters between port authorities, concessionaires, and users, with appeals directed to the respective High Courts, creating sector-specific jurisprudence,' the statement said.
Time of India
a day ago
- Politics
- Time of India
'Bedroom Jihadis' become a nuisance for security agencies in J&K
Security agencies in Jammu and Kashmir are grappling with a new and insidious threat in the form of " bedroom jihadis " -- people who manipulate social media from the safety of their homes to spread misinformation and incite communal discord , officials said. This kind of enemy, far removed from the traditional armed terrorists, is at the heart of a sophisticated cross-border effort to destabilise the region, the officials said. Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program An in-depth investigation has uncovered a network of social media handles, believed to be controlled by terror groups and their sympathisers in Pakistan, that have been actively intruding into local digital spaces, disseminating inflammatory content and propaganda with the clear objective of creating sectarian clashes and unrest in the Kashmir valley. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 15 Most Beautiful Women in the World "After years of fighting armed terrorists, security agencies have been facing this hidden enemy in which these new-age jihadis use computers and smartphones to wage war from just about anywhere, spreading rumours and influencing youths," an official in the know of the developments said. The trend emerged in 2017 but ended after an effective crackdown with curbs on the Internet post abrogation of the special status of the erstwhile Jammu and Kashmir in 2019. Live Events After the successful completion of assembly elections last year, the "bedroom jihadis" have surfaced again, possibly with an aim to destablise the elected government and create a sense of unrest, the officials said. Security agencies have also uncovered a sophisticated and concerted effort by terror groups and their sympathisers operating from across the border to use social media platforms to incite sectarian clashes and destabilise the region. The investigation, which has been underway for several weeks, involved scrutinising thousands of social media posts, comments and private messages and its analysis provided compelling evidence of a direct link between these malicious online activities and handlers located in Pakistan. During Muharram days observed by the Shia community recently, there was tension between the two sects of the Muslim community over a post but effective handling by Srinagar police doused the fire before it could spread, the officials said. Former Director General of Jammu and Kashmir Police Kuldeep Khoda says the successful identification and disruption of this cross-border social media plot highlight the evolving nature of threats to security in Jammu and Kashmir. "While traditional terror activities remain a concern, the digital battlefield is increasingly becoming a front where external forces seek to destabilise the region by exploiting local tensions, which should be nipped in the bud," he feels. In the recent past, the virtual nature of this conflict was seen in a case where the personal details of Kashmiri Pandit migrants appointed under the Prime Minister's rehabilitation scheme were leaked on various social media platforms. The malicious act, intended to create fear within the minority community, was swiftly countered by the Jammu and Kashmir Police and their investigation led to the arrest of a local youth who had been directed from across the border to carry out the act. Officials coined the term "bedroom jihadis" to describe these people who operate in a virtual battleground where a "bloody war is fought, but with words". However, this has a significant impact on young minds and the ease with which a rumour can spread poses a significant challenge, the officials said and explained, "Anyone, while sitting on his bed or sofa, can plant a fake news in one of the thousand chat groups and the entire Union Territory can plunge into communal divide." Many X (formerly Twitter) users have created fake accounts to spread fake narratives being peddled from across the border. "It is like finding a needle in a haystack, but nevertheless effective policing has led to blocking or nabbing such elements," another official said. The reach of these chat groups and social media posts extends beyond Jammu and Kashmir, with participation from youngsters in the national capital, other parts of India, and abroad. The law enforcement authorities have made preventive detentions of several people suspected of being directly involved in the online campaign or acting as local conduits for cross-border handlers.
