Uno Minda Stake Hike; Leela, ESAF Q1 Profits Surge
By ThePip Desk
Uno Minda boosts stake in Minda Onkyo India. Leela Palaces Hotels and ESAF SFB report significant Q1 profit growth, while Taj GVK Hotels sees a decline. Market updates.
Uno Minda shares climbed on the BSE after the company announced an increased stake in Minda Onkyo India Private Limited (MOIPL), pushing its total holding to 99%.
The stock traded at Rs. 1183.55, marking a 0.87% rise.
Corporate Action Highlights
- Uno Minda increased stake in MOIPL by: 19%
- Total stake in MOIPL: 99%
- Uno Minda stock price: Rs. 1183.55
- Stock movement: Up 0.87% on BSE
Beyond corporate maneuvers, several companies posted their June 2026 quarter results, revealing varied financial performances across sectors.
Leela Palaces Hotels Registers Strong Growth
Leela Palaces Hotels reported a robust performance for the June 2026 quarter, with net profit seeing a substantial surge.
- Net profit increase: 74.50%
- Current net profit: Rs. 608.56 million
- Previous year net profit: Rs. 348.74 million
- Revenue increase: 10.65%
- Current revenue: Rs. 1024.69 million
ESAF Small Finance Bank Returns to Profitability
ESAF Small Finance Bank demonstrated a significant turnaround in its June 2026 quarter earnings, moving from a loss to a profit.
- Profit after tax: Rs. 800.80 million
- Previous year loss: Rs. 812.20 million
- Sales growth: 32.54%
- Current sales: Rs. 10977.70 million
Aptus Value Housing Sustains Profit Growth
Aptus Value Housing Finance India continued its positive trajectory, recording notable growth in both profit after tax and revenue for the June 2026 quarter.
- Profit after tax growth: 24.56%
- Current profit after tax: Rs. 1927.23 million
- Revenue growth: 17.48%
- Current revenue: Rs. 4178.40 million
Taj GVK Hotels Reports Profit Decline
In contrast to the positive results, Taj GVK Hotels experienced a considerable decrease in its profit after tax for the June 2026 quarter.
- Profit after tax decline: 48.45%
- Current profit after tax: Rs. 186.70 million
- Previous year profit after tax: Rs. 362.20 million
- Revenue for the quarter: Rs. 1092.40 million
Banswara Syntex Recovers to Profit
Banswara Syntex also marked a return to profitability in the June 2026 quarter, improving significantly from a previous loss.
- Profit after tax: Rs. 44.07 million
- Previous year loss: Rs. 14.13 million
- Operating profit growth: From Rs. 219.23 million to Rs. 294.89 million
The June 2026 quarter saw a diverse financial landscape, with strategic corporate actions and varied earnings reports shaping market movements for individual stocks.