IFL Enterprises to raise nearly Rs 50 cr via rights issue, offer closes on June 30
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
26 minutes ago
- The Hindu
Super League Kerala signs five-year Rs 100-crore streaming rights deal with Sports.com
a part of the USA-based SEGG Media Group, has signed a five-year global partnership with Super League Kerala that could increase the football league's viewership in a big way. 'This is a Rs 100-crore deal and the contract is for five years. The global live streaming rights are now with Mathew Joseph, the CEO of the Super League Kerala (SLK), told Sportstar on Monday. 'This is also first entry into India; it will become the exclusive OTT platform for the SLK, and it will be free of cost. That is what we are more interested in,' he added. Joseph revealed that the deal, signed in Dubai, will also help build more content around the SLK, which attracted nearly 13 million viewers for its debut season last year. ALSO READ | VP Suhair set to join Jamshedpur FC ahead of Durand Cup 'They will also help us with content creation around the SLK which they have done globally for many sports…behind the scenes, they create a lot of interesting documentaries,' said Joseph. 'This deal represents a huge leap forward for the SLK. It allows us to amplify our reach across continents while delivering world-class fan engagement and streaming experiences to millions who love Kerala football,' said Firoz Meeran, Director, SLK. 'This is more than a sports rights deal. To enter the Indian market through Kerala, a State with an electrifying football culture and millions of global fans, gives us a high-growth, cash-yielding product to launch the app with force,' Firoz added. Related Topics Super League Kerala
&w=3840&q=100)
Business Standard
26 minutes ago
- Business Standard
Oberoi Realty's Q1FY26 results: Net profit falls 27% to ₹421 crore
Oberoi Realty reports a 27% YoY drop in net profit for Q1 FY26, missing analysts' estimates. The company's revenue fell significantly, while gross bookings surged in new project launches Mumbai Mumbai-based premium real estate developer Oberoi Realty's net profit for the quarter ending June in FY26 declined by 27.93 per cent year-on-year (YoY) to ₹421.3 crore. The company's net profit for Q1 FY25 was ₹584.5 crore. The profit in Q1 FY26 missed the Bloomberg analysts' poll estimate of ₹662.6 crore. The company's revenue from operations during Q1 FY26 stood at ₹987.6 crore, down by 29.71 per cent YoY. The revenue also missed the estimate of ₹1,619.4 crore. During the quarter, the company launched Tower D at the Oberoi Elysian project in Mumbai's Goregaon, where it sold ₹1,000 crore worth of housing units at launch. In Q1 FY26, 181 units with a carpet area of 3.53 lakh square feet were booked across the company's inventory available for sale. The gross booking value stood at ₹1,639 crore. Sequentially, the company's revenue declined by 14.13 per cent, while its profit fell marginally by 2.8 per cent. The company's key upcoming projects include Tower H in Mumbai's Borivali, with a gross development value (GDV) of ₹2,400 crore; a project in Worli's Adarsh Nagar (₹6,500 crore GDV); and a project in Gurugram with an estimated GDV of ₹9,100 crore. The company's board of directors also declared an interim dividend for FY26 at ₹2 per equity share, which is 20 per cent of the face value of equity shares of ₹10 each. The company's shares closed at ₹1,835.50 per equity share on Monday.
Hans India
26 minutes ago
- Hans India
Havells India's Q1 net profit falls 33 pc sequentially, revenue down 17 pc
Mumbai: Havells India on Monday reported a net profit of Rs 347.53 crore in the first quarter (Q1) of FY26, down 32.78 per cent on quarter-on-quarter (QoQ) basis from Rs 517 crore in Q4 FY25. Revenue from operations also dropped by 16.63 per cent, falling to Rs 5,455.35 crore from Rs 6,543.56 crore in the previous quarter, according to its stock exchange filing. Total income for the quarter also followed suit and stood at Rs 5,524.53 crore -- marking a 16.45 per cent decline from Rs 6,612.28 crore in Q4 FY25. Year-on-year (YoY), the company also saw a drop in its profit. Consolidated profit after tax (PAT) fell 14.75 per cent from Rs 407.51 crore in the April-June quarter of the previous fiscal. Revenue from operations also declined 6 per cent YoY from Rs 5,806.21 crore in Q1 FY25. The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) fell to Rs 570 crore, slightly lower than Rs 576 crore in the same quarter previous year. The EBITDA margin dropped to 5.6 per cent, compared to 9.9 per cent a year ago, as per its exchange filing. Havells attributed the weak performance to an unusually mild summer this year, which hurt demand for cooling products like fans and air coolers. It noted that while industrial and infrastructure demand remained strong, consumer sentiment was weak. "Tepid summer this year, in contrast to the strong season last year, led to significant decline in cooling products," the company said in its exchange filing. Among its segments, wires and cables performed strongly, with revenue rising 27.1 per cent to Rs 1,933 crore compared to Rs 1,521 crore a year ago. However, the lighting and fixtures business slipped 3.1 per cent to Rs 374 crore. The company also highlighted that the performance of its Lloyd brand was impacted due to unseasonal rains and a shorter summer, leading to higher inventory levels and flattish growth in the first half of the calendar year. The results were announced after market hours. Ahead of the announcement, Havells' stock closed 0.95 per cent higher at Rs 1,533 on the National Stock Exchange (NSE).
