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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
Iris Clothings net profit up 43% in Q4 on better demand
2026-05-12 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Iris Clothings, a leading readymade garment company, has reported that its net profit in the March quarter was up 43 per cent at ₹6 crore, on the back of robust demand and better margins.

Income increased 50 per cent at ₹60 crore.

EBITDA jumped 34 per cent ₹11 crore.

Santosh Ladha, Managing Director, Iris Clothings said the business growth reflects the increasing strength of brand and expanding customer franchise, supported by a well-entrenched distribution network that has enabled deeper market penetration.

Over the years, the company has steadily transformed from a garment manufacturing company into a rapidly emerging branded kidswear player, driven by a strong focus on product innovation and market expansion, he said.

As the company enters the next phase of growth journey, the launch of dedicated Direct-to-Consumer platform marks a significant strategic milestone in building a future-ready omnichannel ecosystem, he said.

“The digital integration is expected to deepen customer engagement, expand our digital reach, unlock valuable consumer insights and accelerate data-driven innovation,” he added.

In FY’26, the company registered a 23 per cent increase in net profit at ₹16 crore while income was up 30 per cent at ₹1,91 crore. EBITDA increased 4 per cent to ₹29 crore.

Published on May 12, 2026