Chrome Silicon Limited reported a net loss of Rs 214.50 lakh for Q1 FY2026, an improvement from Rs 657.00 lakh loss in Q1 FY2025. Sales income dropped to Rs 23.75 lakh from Rs 3,508.77 lakh. The company suspended its Ferro Alloys manufacturing operations from May 30 due to market fluctuations. Auditors raised concerns about non-compliance with accounting standards and financial discrepancies.
Life Insurance Corporation of India (LIC) reported a 38% increase in Q4 consolidated net profit to ₹190.40 billion, surpassing market expectations. The company declared a dividend of ₹12.00 per equity share. However, LIC faced challenges in new business growth, with declines in Annualized Premium Equivalent (APE), New Business Premium, and Value of New Business (VNB) for the quarter. The VNB margin for the fiscal year stood at 17.60%, with the full-year VNB at ₹100.10 billion.