Mazagon Dock Q1 profit tanks 35% despite revenue growth; defence stocks slide on weak sector earnings

Mazagon Dock Q1 profit tanks 35% despite revenue growth; defence stocks slide on weak sector earnings

Mazagon Dock Q1FY26 Results: Defence PSU Mazagon Dock Shipbuilders reported a mixed set of June quarter numbers post-market hours on Monday, as the broader defence sector faced heavy selling pressure on the bourses. For Q1 FY26, Mazagon Dock’s consolidated revenue stood at Rs 2,625.59 crore, up 11.35 per cent year-on-year (YoY) from Rs 2,357.02 crore…

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Enforcement agency action has no impact on business operations, financial performance: Reliance Power

Enforcement agency action has no impact on business operations, financial performance: Reliance Power

Reliance Power said on Thursday that the recent enforcement agency action, as reported by media, has “absolutely no impact” on its business operations, financial performance, shareholders, employees or any other stakeholders. The media reports “appear to pertain to allegations concerning transactions of Reliance Communications Limited (RCOM) or Reliance Home Finance Limited (RHFL)”, which are over 10…

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