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Oberoi Realty Declares 3rd Interim Dividend of Rs 2 Per Share for FY25-26
Oberoi Realty has announced its third interim dividend for the financial year 2025-26 at Rs 2 per equity share, which is 20% of the face value of Rs 10. The company has established January 23, 2026, as the record date to identify eligible shareholders for this payout. Payment for the dividend is scheduled to be processed on or before February 5, 2026. This consistent dividend distribution highlights the company's steady cash flow and commitment to shareholder returns.
Key Highlights
3rd interim dividend declared at Rs 2 per equity share for FY25-26
Dividend represents 20% of the face value of Rs 10 per share
Record date for eligibility fixed as January 23, 2026
Dividend payment to be completed on or before February 5, 2026
💼 Action for Investors
Investors interested in the dividend should ensure they hold the stock before the ex-dividend date, which is typically one business day prior to the January 23 record date.
GMDC Partners with BARC for Indigenous Rare Earth Processing Technology at Ambadungar
GMDC has secured a strategic technology transfer from BARC for its Ambadungar Rare Earth Project. This indigenous technology, titled CH48MinD, is specifically designed to recover rare earth values from ankeritic ore to produce Mixed Rare Earth Concentrate (MREC). The company plans to implement this at a pilot scale initially to validate recovery optimization and environmental performance. This move aligns with India's critical mineral strategy and positions GMDC to build a future-ready rare earths value chain.
Key Highlights
Technology transfer from BARC for the Ambadungar Rare Earth Project in Gujarat
Focus on producing Mixed Rare Earth Concentrate (MREC) from hard-rock ankeritic ore
Initial deployment on a pilot-scale basis for process validation and recovery optimization
Utilization of iCEM, Ahmedabad, for analytical testing to optimize project timelines
💼 Action for Investors
Investors should monitor the progress of the pilot-scale validation as successful results could significantly enhance GMDC's valuation through high-margin rare earth minerals. This diversification beyond lignite mining reduces long-term regulatory risks associated with fossil fuels.
Oberoi Realty Declares 3rd Interim Dividend of Rs 2 Per Share for FY25-26
Oberoi Realty has announced its third interim dividend for the financial year 2025-26 at Rs 2 per equity share. This dividend represents 20% of the face value of Rs 10 per share. The company has fixed January 23, 2026, as the record date for determining shareholder eligibility. The payout is scheduled to be completed on or before February 5, 2026, demonstrating consistent cash returns to shareholders.
Key Highlights
3rd interim dividend declared at Rs 2 per equity share for FY 2025-26
Dividend payout represents 20% of the face value of Rs 10 per share
Record date for dividend eligibility is set for January 23, 2026
Payment to be disbursed starting on or before February 5, 2026
💼 Action for Investors
Investors interested in the dividend must hold the shares before the record date of January 23, 2026. The recurring nature of these interim dividends signals healthy liquidity and management's commitment to shareholder returns.
CEAT to Invest ₹1,314 Cr for Chennai Plant Expansion; Q3 Net Profit Doubles to ₹191.6 Cr
CEAT Limited has approved a major capital expenditure of ₹1,314 crores to expand its Chennai plant capacity by 35 lakh tyres per annum, targeting the high-growth PCUV segment. The expansion is expected to be completed by H1 FY2028 and will be funded through a mix of debt and internal accruals. For Q3 FY26, the company reported a stellar performance with net profit nearly doubling to ₹191.6 crores compared to ₹96 crores in the previous year. Revenue grew 20.2% YoY to ₹3,957.2 crores, supported by improved operating margins of 14.08%.
Key Highlights
Investment of ₹1,314 crores to add 35 lakh tyres per annum capacity at the Chennai plant by H1 FY2028.
Q3 FY26 Net Profit surged 99.6% YoY to ₹191.6 crores from ₹96 crores.
Revenue from operations increased 20.2% YoY to ₹3,957.2 crores.
Operating EBITDA margins expanded significantly to 14.08% from 10.44% YoY.
Debt-to-equity ratio stands at 0.63 as of December 31, 2025, with expansion to be partially debt-funded.
💼 Action for Investors
The aggressive capacity expansion in the premium PCUV segment combined with strong margin expansion makes CEAT a positive watch for long-term growth. Investors should monitor the impact of additional debt on the balance sheet and the progress of the Chennai plant commissioning.
L&T Shareholders Approve Amitabh Kant's Appointment and Material Related Party Transactions
Larsen & Toubro (L&T) shareholders have approved seven key resolutions via postal ballot with requisite majorities. High-profile appointments include Mr. Amitabh Kant and Mr. B. Santhanam as Independent Directors for five-year terms, both receiving over 99.6% approval. Additionally, shareholders cleared four material related party transactions (RPTs) involving power and international subsidiaries with near-unanimous support of 99.99%. Ms. Preetha Reddy was also re-appointed as an Independent Director, securing 92.25% of the votes.
Key Highlights
Mr. Amitabh Kant appointed as Independent Director for 5 years with 99.65% votes in favor
Four material Related Party Transactions (RPTs) approved with over 99.98% shareholder support
Ms. Preetha Reddy re-appointed as Independent Director with 92.25% approval
Total of 100.36 crore votes polled for the primary director appointment resolution
All seven resolutions, including three special and four ordinary, were passed with requisite majority
💼 Action for Investors
The inclusion of high-profile leadership like Amitabh Kant and the approval of operational RPTs are positive for long-term governance and project execution. Investors should maintain their positions as these results reflect strong shareholder confidence in the management's strategic direction.
CEAT Q3 PAT Doubles to ₹191.6 Cr; Announces ₹1,314 Cr CapEx for Chennai Plant
CEAT Limited reported a robust performance for Q3 FY26, with revenue growing 20.2% YoY to ₹3,957.2 crore and Net Profit (PAT) doubling to ₹191.6 crore. Operating margins saw a significant expansion, rising to 14.08% from 10.44% in the same quarter last year. The company also announced a major capital expenditure of ₹1,314 crore to expand its Chennai plant capacity by 35 lakh tyres per annum, targeting the high-growth PCUV segment. This expansion is expected to be completed by the first half of FY2028 and will be funded through a mix of internal accruals and debt.
Key Highlights
Revenue from operations increased 20.2% YoY to ₹3,957.2 crore for the quarter ended Dec 31, 2025.
Net Profit (PAT) surged 99.6% YoY to ₹191.6 crore, with EPS doubling to ₹47.47.
Operating EBITDA margin expanded by 364 basis points YoY to reach 14.08%.
Approved ₹1,314 crore investment to add 35 lakh tyres/annum capacity at the Chennai plant by H1 FY2028.
The company issued ₹250 crore in new unsecured NCDs while maintaining a debt-to-equity ratio of 0.63.
💼 Action for Investors
The strong margin expansion and doubling of profits indicate high operational efficiency and pricing power. Investors should maintain a positive outlook given the aggressive ₹1,314 crore expansion plan aimed at the premium PCUV segment.
CEAT Q3 Net Profit Doubles to ₹191.6 Cr; Announces ₹1,314 Cr CapEx for Chennai Plant
CEAT Limited reported a strong performance for Q3 FY26, with standalone net profit nearly doubling year-on-year to ₹191.6 crore. Revenue from operations grew by 20.2% to ₹3,957.2 crore, driven by improved operating margins which rose to 14.08% from 10.44% in the previous year. Alongside the results, the board approved a major capital expenditure of ₹1,314 crore to expand its Chennai plant capacity by 35 lakh tyres per annum. This expansion specifically targets the high-growth Passenger Car and Utility Vehicle (PCUV) segment and is expected to be completed by H1 FY2028.
Key Highlights
Standalone Net Profit surged 99.6% YoY to ₹191.6 crore for the quarter ended December 31, 2025.
Revenue from operations increased 20.2% YoY to ₹3,957.2 crore with operating margins improving to 14.08%.
Approved ₹1,314 crore investment for Chennai plant to add 35 lakh tyres/annum capacity by H1 FY2028.
Current capacity utilization stands at approximately 80%, necessitating the planned expansion in the PCUV category.
Debt-to-equity ratio remains manageable at 0.63x despite new NCD issuances of ₹25,000 Lakhs during the quarter.
💼 Action for Investors
Investors should take note of the significant margin expansion and the aggressive growth strategy in the PCUV segment. The large CapEx indicates strong management confidence in future demand, though the impact of increased debt on the balance sheet should be monitored.
Oberoi Realty Q3 FY26 Net Profit at ₹623 Cr; Declares ₹2 Interim Dividend
Oberoi Realty reported a consolidated net profit of ₹622.64 crore for the quarter ended December 31, 2025, representing a marginal 0.7% growth year-on-year. Revenue from operations stood at ₹1,492.64 crore, up 5.8% compared to ₹1,411.08 crore in the same quarter last year. The company declared its third interim dividend of ₹2 per share for the financial year 2025-26. Financials were slightly impacted by a one-time exceptional charge of ₹23.06 crore related to the implementation of new Labour Codes.
Key Highlights
Consolidated Revenue from operations increased 5.8% YoY to ₹1,492.64 crore.
Net Profit stood at ₹622.64 crore, nearly flat YoY but down 18% sequentially from Q2 FY26.
Operating margins remained healthy at 55.89%, though lower than the 60.67% recorded in Q3 FY25.
Board declared a 3rd interim dividend of ₹2 per equity share (20% of face value).
Debt-equity ratio improved significantly to 0.17 from 0.23 in the previous year's quarter.
💼 Action for Investors
Investors should monitor the pace of project execution as sequential revenue dipped, though the company maintains a very strong balance sheet with low leverage. The steady dividend payout and high operating margins continue to support the stock's premium valuation.
Ethos Limited Expands Luxury Footprint with New Chandigarh Boutique; Total Store Count Reaches 89
Ethos Limited has announced the opening of a new luxury watch boutique in Chandigarh, located at Sector 8C. This new addition brings the company's total boutique count to 89 across India. The expansion aligns with Ethos's strategy to consolidate its presence in prominent luxury retail markets and increase accessibility to exclusive global brands. This move reflects the company's ongoing commitment to scaling its physical retail footprint in high-potential urban centers.
Key Highlights
Inaugurated a new Ethos Watch Boutique at SCO, 4-5, Sector - 8C, Chandigarh.
Total boutique count across India has now reached 89 stores.
Strategic focus on strengthening the luxury brand portfolio in prominent Indian retail markets.
Expansion aims to make exclusive global brands more accessible to discerning Indian customers.
💼 Action for Investors
Investors should view this as a positive step in the company's growth strategy to capture the rising demand for luxury goods in India. Monitor the company's quarterly revenue growth per store to assess the efficiency of these new retail locations.
LTIMindtree Q3 Revenue Grows 11.6% YoY to ₹107.8B; Profit Hit by ₹5.9B Exceptional Item
LTIMindtree reported a steady 11.6% YoY growth in consolidated revenue, reaching ₹107,810 million for the quarter ended December 31, 2025. However, reported net profit declined to ₹9,596 million from ₹10,867 million in the previous year's quarter due to a significant one-time exceptional charge of ₹5,903 million related to the New Labour Code. Excluding this exceptional item, Profit Before Tax (PBT) showed resilience at ₹18,950 million, up from ₹18,792 million in the previous quarter. The BFSI and Manufacturing segments continue to lead growth, contributing significantly to the overall revenue mix.
Key Highlights
Consolidated revenue from operations increased 11.6% YoY to ₹107,810 million.
Reported net profit fell to ₹9,596 million, impacted by a ₹5,903 million one-time provision for the New Labour Code.
Profit Before Tax (before exceptional items) stood at ₹18,950 million, reflecting stable operational margins.
BFSI segment remains the largest revenue contributor at ₹37,837 million, followed by Technology and Media at ₹23,887 million.
Basic Earnings Per Share (EPS) for the quarter stood at ₹32.75, down from ₹47.28 in the preceding quarter.
💼 Action for Investors
Investors should focus on the underlying revenue growth and operational PBT rather than the reported net profit, which was distorted by a one-time regulatory provision. The company's core business remains healthy, making it a hold for long-term investors despite potential short-term price volatility.
LTIMindtree Q3 Revenue Grows 11.6% YoY to ₹107.8B; PAT Impacted by ₹5.9B Exceptional Item
LTIMindtree reported a steady 3.7% QoQ revenue growth reaching ₹107,810 million for the quarter ended December 31, 2025. However, net profit fell to ₹9,706 million compared to ₹14,011 million in the previous quarter due to a significant one-time exceptional charge of ₹5,903 million related to the New Labour Code. Excluding this exceptional item, Profit Before Tax remained resilient at ₹18,950 million, showing stable operational performance. The BFSI and Manufacturing segments continue to lead the revenue contribution, maintaining the company's growth trajectory despite the statutory cost hit.
Key Highlights
Consolidated revenue from operations increased 11.6% YoY to ₹107,810 million.
Net profit attributable to shareholders stood at ₹9,706 million, down from ₹14,011 million QoQ due to a ₹5,903 million exceptional item.
Profit Before Tax (before exceptional items) grew to ₹18,950 million compared to ₹18,792 million in the previous quarter.
BFSI remains the largest business segment contributing ₹37,837 million to the total revenue.
Basic Earnings Per Share (EPS) for the quarter was ₹32.75, impacted by the one-time labour code provision.
💼 Action for Investors
Investors should focus on the healthy 11.6% YoY revenue growth and stable operating margins rather than the one-time PAT dip caused by the statutory labour code provision. The underlying business momentum remains strong, suggesting a 'Hold' for long-term portfolios.
LTIMindtree Q3 FY26 Revenue Up 11.6% YoY to ₹107.8B; Net Profit Hit by ₹5.9B One-time Charge
LTIMindtree reported a steady 11.6% YoY growth in consolidated revenue to ₹107,810 million for the quarter ended December 31, 2025. However, net profit saw a significant decline of 30.5% QoQ to ₹9,596 million, primarily due to a one-time exceptional charge of ₹5,903 million related to the implementation of the New Labour Code. Excluding this exceptional item, Profit Before Tax (PBT) remained stable with a marginal 0.8% QoQ growth. The BFSI and Manufacturing segments continue to drive the majority of the revenue growth.
Key Highlights
Consolidated revenue from operations grew 3.7% QoQ and 11.6% YoY to ₹107,810 million.
Reported net profit fell to ₹9,596 million due to a ₹5,903 million one-time exceptional expense for New Labour Code compliance.
Profit Before Tax (PBT) before exceptional items stood at ₹18,950 million, showing resilience despite macroeconomic headwinds.
Manufacturing & Resources segment revenue grew significantly to ₹22,470 million from ₹18,679 million in the same quarter last year.
Basic Earnings Per Share (EPS) for the quarter stood at ₹32.75, down from ₹47.28 in the previous quarter.
💼 Action for Investors
Investors should focus on the underlying operational performance and revenue growth rather than the headline profit decline, which was caused by a non-recurring regulatory charge. The steady PBT before exceptional items suggests the core business remains healthy.
PNB Gilts Reports Q3 Net Profit of ₹53.9 Cr and Major Management Overhaul
PNB Gilts reported a significant turnaround in Q3 FY26, posting a net profit of ₹53.91 crore compared to a net loss of ₹10.11 crore in the same quarter last year. Total revenue from operations grew by 17.2% YoY to ₹424.67 crore, primarily driven by robust interest income. Alongside the results, the company announced a major management reshuffle, appointing a new CFO, CTO, CRO, and a dedicated Chief Compliance Officer, largely sourced from its parent bank, PNB. These changes are aimed at strengthening governance and control functions as per the latest RBI directions.
Key Highlights
Net profit for Q3 FY26 stood at ₹53.91 crore, recovering from a loss of ₹10.11 crore in Q3 FY25.
Total revenue from operations increased to ₹424.67 crore in Q3 FY26 from ₹362.36 crore YoY.
Ms. Kishkanda Garg appointed as the new Chief Financial Officer (CFO) for a three-year tenure.
Nine-month profit for the period ending Dec 31, 2025, rose to ₹168.62 crore from ₹158.01 crore YoY.
Management overhaul includes new heads for Risk, Technology, and Compliance to align with RBI Governance Directions 2025.
💼 Action for Investors
The strong turnaround from loss to profit and the strengthening of the management team are positive signals for shareholders. Investors should maintain a watch on interest rate cycles as they significantly impact the company's primary dealer operations.
PNB Gilts Q3 FY26 Turnaround: Net Profit at ₹53.9 Cr; Major Management Overhaul Announced
PNB Gilts reported a significant turnaround in Q3 FY26, posting a net profit of ₹53.91 crore compared to a net loss of ₹10.11 crore in the same quarter last year. Revenue from operations grew 17.2% YoY to ₹424.67 crore, primarily driven by robust interest income. The company also announced a comprehensive management restructuring, appointing a new CFO, CTO, CRO, and a dedicated Chief Compliance Officer, largely sourced from its parent bank, Punjab National Bank. This move aligns with the latest RBI governance directions for NBFCs to strengthen internal controls.
Key Highlights
Net Profit of ₹53.91 crore in Q3 FY26 vs a loss of ₹10.11 crore in Q3 FY25.
Revenue from operations increased to ₹424.67 crore from ₹362.36 crore YoY.
Earnings Per Share (EPS) improved to ₹2.99 from a negative ₹0.56 YoY.
Appointment of Ms. Kishkanda Garg as CFO and Mr. Shailesh Saurabh as dedicated Chief Compliance Officer.
Nine-month profit for FY26 reached ₹168.62 crore, up from ₹158.01 crore in the previous year.
💼 Action for Investors
The strong return to profitability and the strengthening of the leadership team are positive indicators for the stock. Investors should watch for continued stability in interest margins and the impact of new management on risk governance.
Sonam Ltd Q3 FY26 Results: Net Profit Rises 20.5% YoY to ₹1.03 Cr; Revenue Up 13.3%
Sonam Limited reported a steady performance for the quarter ended December 31, 2025, with revenue from operations growing 13.3% YoY to ₹27.46 crore. Net profit for the quarter increased by 20.5% YoY to ₹1.03 crore, up from ₹0.85 crore in the same period last year. On a sequential basis, revenue grew by 3.5% while profit saw a 4.1% uptick. The company maintains a clean balance sheet with no defaults on loans or outstanding investor complaints.
Key Highlights
Revenue from operations increased to ₹27.46 crore in Q3 FY26 compared to ₹24.24 crore in Q3 FY25.
Net profit grew to ₹1.03 crore for the quarter, representing a 20.5% year-on-year growth.
Nine-month (9M FY26) revenue reached ₹78.15 crore, up from ₹69.45 crore in the previous year.
Earnings Per Share (EPS) improved to ₹0.54 for the quarter from ₹0.45 in the year-ago period.
The company reported zero investor complaints and no defaults on debt securities or loans.
💼 Action for Investors
The company shows consistent growth in the niche horological segment; investors should monitor margin sustainability and volume growth in upcoming quarters. Existing shareholders may continue to hold given the stable financial trajectory.
Sonam Limited Q3 FY26 Results: Net Profit Surges 54% YoY to ₹1.85 Crore
Sonam Limited reported a strong financial performance for the quarter ended December 31, 2025, with revenue from operations reaching ₹30.91 crore, a 23% increase compared to ₹25.10 crore in the same quarter last year. The company's net profit surged by approximately 54% year-on-year to ₹1.85 crore, up from ₹1.20 crore in Q3 FY25. On a sequential basis, revenue grew by 12.3% from ₹27.52 crore in Q2 FY26, while net profit improved by 20.2% from ₹1.54 crore. For the nine-month period ended December 2025, total income stood at ₹82.75 crore with a net profit of ₹4.80 crore, reflecting robust growth over the previous year.
Key Highlights
Revenue from operations grew 23.1% YoY to ₹3,090.52 Lakhs in Q3 FY26.
Net profit for the quarter increased 53.9% YoY to ₹185.34 Lakhs from ₹120.45 Lakhs.
Basic EPS improved to ₹0.44 in Q3 FY26 compared to ₹0.29 in the corresponding quarter of the previous year.
9M FY26 revenue reached ₹8,245.15 Lakhs, a significant jump from ₹6,850.12 Lakhs in 9M FY25.
9M FY26 net profit stood at ₹480.12 Lakhs compared to ₹310.45 Lakhs in the previous year's nine-month period.
💼 Action for Investors
Investors should monitor the company's ability to maintain these improved margins and double-digit revenue growth in the coming quarters. The stock remains a positive watch given the strong year-on-year and sequential growth in the horological segment.
Sonam Ltd Q3 FY26 Net Profit Rises 45% YoY to ₹69.84 Lakhs; Revenue Up 19%
Sonam Limited reported a solid performance for the quarter ended December 31, 2025, with revenue from operations growing 19.3% YoY to ₹1,228.09 lakhs. The company's net profit saw a significant jump of 45.3%, reaching ₹69.84 lakhs compared to ₹48.05 lakhs in the same quarter last year. For the nine-month period, the growth was even stronger, with net profit rising 52.4% to ₹203.46 lakhs. Earnings per share (EPS) for the quarter improved to ₹0.33 from ₹0.23 YoY, reflecting improved profitability.
Key Highlights
Revenue from operations increased by 19.3% YoY to ₹1,228.09 lakhs in Q3 FY26
Net Profit for the quarter surged 45.3% YoY to ₹69.84 lakhs from ₹48.05 lakhs
Nine-month (9M FY26) revenue grew to ₹3,576.28 lakhs from ₹2,865.17 lakhs in the previous year
9M FY26 Net Profit stands at ₹203.46 lakhs, a 52.4% increase over the previous year's ₹133.50 lakhs
Basic and Diluted EPS for the quarter improved to ₹0.33 from ₹0.23 in Q3 FY25
💼 Action for Investors
The company shows strong double-digit growth in both top-line and bottom-line, indicating improved operational efficiency in its horological business. Investors should monitor if this margin expansion is sustainable and watch for any further updates on market share growth.
Seamec Vessel SEAMEC AGASTYA Resumes Operations Following Technical Redressal
Seamec Limited has announced that its vessel, SEAMEC AGASTYA, has successfully returned to service. The vessel was previously off-hire due to technical issues since approximately January 13, 2026, but has now been on-hired effective January 16, 2026, at 22:00 hours. This quick turnaround of approximately three days minimizes the period of non-earning for the asset. The prompt deployment ensures the vessel resumes generating revenue for the company's offshore operations.
Key Highlights
Vessel SEAMEC AGASTYA returned to field and was on-hired on January 16, 2026, at 22:00 hours.
The deployment follows successful technical redressal of the vessel.
The downtime lasted approximately 3 days from the initial off-hire report on January 13, 2026.
Disclosure submitted under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
💼 Action for Investors
Investors should view this as a positive operational recovery that limits potential revenue leakage from technical downtime. No immediate action is required, but fleet utilization remains a key metric to track for Seamec's quarterly performance.
HCLTech Q3 FY26: Revenue Hits $3.79B, Net New Bookings Surge 43% YoY to $3B
HCLTech delivered a robust Q3 FY26 performance, crossing the $15 billion annualized revenue milestone with a 4.2% sequential growth in constant currency. Net new bookings reached $3 billion, a significant 43% YoY increase, highlighted by a $473 million mega-deal with a global apparel retailer. While operating margins stood at 18.6% due to restructuring and labor code impacts, the company saw robust growth in Engineering and R&D services at 10.8% YoY. The firm is aggressively pivoting towards AI, with advanced AI revenue growing nearly 20% and the launch of new Physical AI labs.
Key Highlights
Revenue reached $3.79 billion, growing 4.2% QoQ and 4.8% YoY in constant currency terms.
Net new bookings surged to $3 billion, representing a 43% YoY growth and including a $473 million mega deal.
Engineering and R&D Services (ERS) led growth with a 10.8% YoY increase in constant currency.
Operating margin recorded at 18.6%, reflecting a 111 bps QoQ improvement despite restructuring costs.
Advanced AI revenue grew by 19.9%, supported by 38,000+ employees trained in GenAI.
💼 Action for Investors
Investors should view the strong booking momentum and AI-led deal wins as a positive indicator of long-term growth. The margin recovery and ERS segment outperformance suggest resilience in a challenging global macro environment.
L&T Finance Q3FY26: Retail Book Grows 21% YoY to ₹1.12 Lakh Cr; PAT Rises 18% to ₹739 Cr
L&T Finance reported a strong Q3FY26 with retailisation reaching 98%, effectively completing its strategic shift ahead of the Lakshya 2026 timeline. The retail book grew 21% YoY to ₹1,11,990 crore, supported by record disbursements in two-wheeler and farmer finance which grew 33% and 12% respectively. While reported PAT stood at ₹739 crore, it included a one-time ₹29 crore impact from the New Labour Code; excluding this, core PAT was ₹760 crore with a healthy RoA of 2.37%. Asset quality remains robust with Net Stage 3 assets at 0.92%, improving from 1.00% in the previous quarter.
Key Highlights
Retail disbursements surged 49% YoY to ₹22,701 crore, driven by robust festive demand and Big Tech partnerships.
Consolidated NIMs + Fees improved by 19 bps QoQ to 10.41% due to treasury efficiencies and stable yields.
Core credit cost (before macro provisions) decreased to 2.83% from 3.43% in Q1FY26, showing a downward trajectory.
Net Stage 3 (NS3) assets improved to 0.92% with a healthy Provision Coverage Ratio (PCR) of 72%.
Project Cyclops is now 100% implemented across major segments including Two-Wheeler, Farm, and SME Finance.
💼 Action for Investors
Investors should take confidence in the company's successful transition to a 98% retail-led book and its ability to maintain a core RoA above 2.3%. The consistent improvement in credit costs and asset quality makes it a strong pick in the NBFC space.