INDUSTRY

Cosmo First's revenue jumps 46% in Q1, though volumes rose just 9%

Cosmo First, formerly Cosmo Films, posted a 46% jump in June-quarter revenue to INR 1,166 crore, though volumes rose just 9%; the rest came from better film margins, a US recovery and its fast-growing new businesses.

Cosmo First, the specialty packaging-films maker formerly known as Cosmo Films, reported a strong June quarter: consolidated net revenue up 46% to INR 1,166 crore and net profit up 26% to INR 54 crore. The headline flatters the core, though, sales volumes rose just 9%, with the rest coming from better film margins, a recovery in its US business after tariffs eased, and its fast-growing newer arms in specialty chemicals, rigid packaging and even a pet-care retail chain, Zigly. The company said all its B2B businesses are now profitable, and guided to 20% revenue growth for the year on net debt of about 2.3 times EBITDA.

Oil companies reject E20 contamination claims, but the fuel-quality dispute is not over

India's state oil companies have rejected claims that E20 petrol is contaminated with corrosive chloride and moisture, saying nationwide tests found levels far below what automakers flagged, in the latest round of a public dispute over the fuel.

Tech Mahindra to build software for an indigenous 20-qubit quantum computer

Tech Mahindra has tied up with IISER Pune's quantum hub to build the middleware for an indigenous 20-qubit trapped-ion quantum computer, a research collaboration under India's National Quantum Mission, due by December 2026.

TVS VMS puts its first 57 electric trucks on the road, targets 300-plus in FY27

TVS Vehicle Mobility Solutions has entered electric trucking, deploying 57 Montra Rhino e-trucks on a Chhattisgarh route and targeting 300-plus in FY27, the latest in a run of Montra deployments as legacy logistics players electrify.

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