Brands
Reliance Power profit surges 49 per cent to Rs 87 crore
MUMBAI: Reliance Power lit up its September quarter with a sharp turnaround in profits, marking a strong recovery for the energy player after a patchy past year.
The company reported a consolidated profit of Rs 8,732 lakh for the quarter ended 30 September 2025, rising from Rs 4,468 lakh in the previous quarter. Total income touched Rs 2,06,710 lakh, slightly higher than Rs 2,02,531 lakh in the June quarter, as both generation and cost efficiencies improved.
Revenue from operations rose to Rs 1,97,403 lakh, up from Rs 1,88,558 lakh in the preceding quarter, while expenses remained largely contained at Rs 1,96,890 lakh. Profit before tax stood at Rs 10,820 lakh, more than 49 per cent higher than the last quarter.
For the half year ended September 2025, Reliance Power’s total income reached Rs 4,09,241 lakh with a net profit of Rs 13,200 lakh, reflecting a solid turnaround from last year’s loss-heavy phase. The company’s earnings per share stood at Rs 0.21 for the quarter, up from Rs 0.11 in June.
Finance costs, once the heaviest drag on performance, eased to Rs 39,502 lakh compared with Rs 56,216 lakh in the same period last year. Depreciation also moderated to Rs 20,762 lakh, aiding the recovery in margins.
Reliance Power’s total assets grew to Rs 41,58,726 lakh as of 30 September 2025, while equity levels rose with a capital base of Rs 4,13,578 lakh after the conversion of warrants into shares earlier this year.
On the operational front, the company continued to face challenges with its Rajasthan solar project, though management reaffirmed confidence in meeting obligations through asset monetisation and efficiency gains.
With costs cooling and cash flow flickering back to green, Reliance Power seems to have found its charge again.
Brands
Magnum Ice Cream Netherlands takes control of Kwality Wall’s India from Unilever
61.9 per cent stake transfer reshapes ownership as Unilever exits promoter role
MUMBAI: Kwality Wall’s (India) Limited has entered a new chapter, with The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. acquiring a controlling 61.9 per cent stake from a clutch of Unilever PLC-led entities, marking a significant shift in ownership.
The transaction, completed on March 30, 2026, follows a share purchase agreement signed in June 2025. The incoming promoter picked up over 145 crore equity shares, effectively taking control of the company and being formally classified as its new promoter under regulatory norms.
As part of the deal, the outgoing promoter group, including Unilever Group Limited and its affiliated entities, has fully exited its shareholding in the company. They have now been reclassified from promoter to public shareholders, closing a long-standing association with the ice cream business in India.
The board of Kwality Wall’s (India) Limited took note of the ownership change and approved a series of leadership updates alongside it. Ritesh Tiwari stepped down as director, while Abhijit Bhattacharya was appointed as chairperson and additional non-executive director. Tahir Toloy Tanridagli also joined the board as an additional non-executive director.
The reshuffle signals a broader strategic reset as the Magnum-led entity looks to steer the brand’s next phase of growth in India. The transition has been carried out in line with regulatory requirements, including disclosures tied to the open offer and reclassification norms under market regulations.
With Unilever stepping back and Magnum stepping in, Kwality Wall’s India is effectively getting a fresh scoop of leadership and direction. The coming months will reveal how the new promoter plans to scale the brand in one of the world’s most competitive ice cream markets.
