JM Financial reported a strong Q2 FY26 with an operating PAT of INR270 crores and declared an interim dividend of INR1.5 per share. Fees and commission income reached a record high of INR341 crores, showing a 20% year-on-year growth. The IPO pipeline is robust at almost INR120,000 crores. The company also crossed 1,000 salespeople in Wealth Management and an AUM of INR3,000 crores in Affordable Housing.

Strong Financial Performance

JM Financial announced robust results for Q2 FY26, highlighted by an operating PAT of INR270 crores. The company declared an interim dividend of INR1.5 per share, reinforcing its commitment to increasing shareholder distribution. Fees and commission income reached a record INR341 crores, demonstrating a 20% year-on-year increase for the second consecutive quarter.

Segment Highlights

Corporate Advisory and Capital Markets

JM Financial ranked #1 in IPOs for the quarter by value, closing 15 capital market transactions totaling INR28,000 crores in Q2 FY26. Documents have been filed for 56 IPOs with an aggregate issue size of approximately INR120,000 crores, with a growing transaction pipeline.

Wealth and Asset Management

The company’s recurring AUM grew by 26% year-on-year to INR32,000 crores. Wealth Management’s sales and relationship manager strength increased by 43% YoY. The SIP book increased by 59% year-on-year to INR115 crores per month, while the average AUM from non-liquid assets grew by 36% year-on-year to INR12,100 crores.

Private Markets

JM Financial ARC recovered approximately INR1,273 crores over the last year, reducing borrowings by 27% year-on-year to approximately INR1,589 crores.

Affordable Home Loans

The Affordable Home Loans business saw its AUM increase by 28% year-on-year to INR3,031 crores, supported by a branch network of 134 locations.

Profitability Metrics

For Q2 FY26, profit before tax increased by 1.2x year-on-year to INR344 crores, and profit after tax after minority interest increased by 16% year-on-year to INR270 crores. Adjusting for a one-time tax credit in the previous year, the adjusted Y-o-Y increase in PAT for Q2 FY26 would be 40%. For the half year, profit before tax increased by 1.4x year-on-year to INR937 crores, and profit after tax after minority interest increased by 80% year-on-year to INR724 crores. The annualized ROE, based on half-year numbers, stood at 14.4%.

Source: BSE

MapmyIndia reported a 9.7% year-over-year increase in revenue for Q2FY26 and a 14.7% increase for H1FY26, reaching ₹235.4 Cr. H1FY26 EBITDA stood at ₹84.0 Cr, while PAT reached ₹64.3 Cr. The Mappls app saw user base surge past 40 million downloads. The company secured a ₹110 crore contract with Indian Oil Corporation Limited (IOCL) and a contract from the Survey of India.

Financial Performance Highlights

MapmyIndia (C.E. Info Systems Ltd) has announced its financial results for Q2 and H1 of FY2026, showcasing continued growth. Key highlights include:

• Q2FY26 Revenue: Increased by 9.7% year-over-year.
• H1FY26 Revenue: Grew by 14.7% year-over-year to ₹235.4 Cr from ₹205.2 Cr in H1FY25.
• H1FY26 EBITDA: Stood at ₹84.0 Cr.
• H1FY26 PAT: Reached ₹64.3 Cr.

Key Business Developments

The company highlighted several important business developments:

• The Mappls app user base has exceeded 40 million downloads.
• Secured a significant contract worth ₹110 crore with Indian Oil Corporation Limited (IOCL).
• Awarded a landmark contract by the Survey of India to develop the nation’s first National Geo-Spatial Platform.

Segment Performance

The company’s performance across its key segments was also detailed:

• Map-led Business: Revenues grew to ₹160.9 crore in H1 FY26 from ₹151.1 crore in H1 FY25, maintaining a healthy EBITDA margin of 47.3%.
• IoT-led Business: Showed strong revenue growth, rising to ₹74.5 crore from ₹54.0 crore in the prior period, with an EBITDA margin at 10.6%.

Source: BSE

MapmyIndia’s H1FY26 revenue increased by 14.7% year-on-year to ₹235.4 crore. EBITDA for the half-year was ₹84.0 crore, up 4.7% year-on-year. The Mappls app user base surpassed 40 million downloads. The company secured a ₹110 crore contract with Indian Oil Corporation Limited (IOCL) and a landmark contract with the Survey of India. PAT was broadly stable at ₹64.3 crore.

Financial Performance

In H1FY26, MapmyIndia’s revenue from operations grew by 14.7% year-on-year, reaching ₹235.4 crore. EBITDA increased to ₹84.0 crore, with a margin of 35.7%. The Profit After Tax (PAT) remained broadly stable at ₹64.3 crore.

Segment Highlights

The map-led business saw revenues grow to ₹160.9 crore in H1FY26. This segment maintained a healthy EBITDA margin of 47.3%. The IoT-led business experienced strong revenue growth, rising to ₹74.5 crore. The EBITDA margin for the IoT segment was 10.6%, impacted by a one-off cost.

Key Business Updates

MapmyIndia’s Mappls app user base has surpassed 40 million downloads. The company won a ₹110 crore contract with Indian Oil Corporation Limited (IOCL). A significant contract was also awarded by the Survey of India for developing a National Geo-Spatial Platform.

Revenue Breakdown by Product (H1FY26)

Map-led revenue stood at ₹160.9 crore. Revenue from IoT-led products totaled ₹74.5 crore. Breaking down IoT revenue, sale of hardware contributed ₹20.5 crore and sale of map data & services contributed ₹54.0 crore.

Market Segment Performance

The Automotive & Mobility Tech (A&M) business grew by 10% in H1Y26. Consumer Tech & Enterprise Digital Transformation (C&E) grew steadily at 19% during H1FY26.

Cash Position

Cash and cash equivalents stood at ₹639.1 crore as of September 30, 2025.

Source: BSE

Gujarat Gas Limited (GGL) announced its Q2 FY26 results, highlighting a total volume of 8.65 MMSCMD. The company is expanding its CNG business with its first FDODO station commissioned in Jamnagar and plans for further infrastructure development. GGL maintains a credit rating of AAA Stable / A1+. The company also reported revenue from operations of ₹3,979 Crore, EBITDA of ₹520 Crore, and a profit after tax of ₹281 Crore for the quarter.

Operational and Financial Highlights

Gujarat Gas Limited (GGL) reported its operational performance for Q2 FY26 with total volume at 8.65 MMSCMD. This includes 4.35 MMSCMD from PNG industrial, 3.32 MMSCMD from CNG, 0.83 MMSCMD from PNG domestic, and 0.16 MMSCMD from PNG commercial. The company’s revenue from operations reached ₹3,979 Crore with an EBITDA of ₹520 Crore and a profit after tax of ₹281 Crore.

Half-Yearly Performance

The company’s half-yearly (H1 FY26) performance shows a total volume of 8.77 MMSCMD, including 4.53 MMSCMD from PNG industrial and 3.33 MMSCMD from CNG. GGL reported revenue from operations of ₹8,044 Crore and profit after tax of ₹608 Crore.

Business Updates and Expansion

GGL is expanding its CNG business with its first FDODO (Fully Dealer Owned Dealer Operated) station commissioned in Jamnagar. As of November 2025, GGL has executed approximately 74 CNG FDODO Agreements. Gujarat Gas continues to have a credit rating of AAA Stable / A1+ from CARE, India Ratings, and CRISIL.

Scheme of Arrangement

The Meeting of Equity Shareholders approved the Composite Scheme of Amalgamation and Arrangement, directed by the Hon’ble Ministry of Corporate Affairs. GGL is expected to complete the scheme by December 2025 with listing by February 2026.

ESG Initiatives

As part of its ESG initiatives, GGL is committed to Green Hydrogen Blending and CBG blending. The company also aims to install around 12 MW of Group Captive Solar plant and planted over 2000 saplings in Q2 FY26. It is also undertaking several Environmental Awareness initiatives and has completed hydrogen blending pilot project with 8% blending.

Source: BSE

MapmyIndia’s Board of Directors approved the unaudited standalone and consolidated financial results for Q2 2025. New project from Indian Oil Corporation Limited (IOCL) worth approximately INR 110.19 Cr was noted. The proposed secondary purchase of shares in M/s. Zepto Private Limited did not materialize, though the business relationship continues. The meeting concluded at 5:10 PM on November 10, 2025.

Financial Results Approved

The Board of Directors has approved the Un-Audited Standalone and Consolidated Financial Results for the second quarter (Q2) and first half of the year, ending September 30, 2025. The results were reviewed and recommended by the Audit Committee. A limited review report was issued by the Statutory Auditors.

New Project from IOCL

The Board acknowledged the receipt of a new project from Indian Oil Corporation Limited (IOCL), valued at approximately INR 110.19 Cr. Details related to this project, as required, have been disclosed under relevant regulations.

Zepto Share Purchase Update

Regarding the previously announced secondary purchase of shares in M/s. Zepto Private Limited, the company has confirmed that the transaction did not materialize. However, the business relationship between MapmyIndia and Zepto continues.

Key Financial Figures (Consolidated – Rupees in lakhs)

Total Assets: 97,446

Revenue from Operations: 23,538

Profit Before Tax: 9,206

Net Profit After Tax: 6,433

Key Financial Figures (Standalone – Rupees in lakhs)

Total Assets: 98,341

Revenue from Operations: 18,814

Profit Before Tax: 9,344

Net Profit After Tax: 6,884

Source: BSE

Syrma SGS has acquired a 60% stake in Elcome Integrated Systems. Unaudited H1 FY26 results show revenue of ₹21,087 Mn, with operating EBITDA up 64% YoY to ₹2,110 Mn. Q2 FY26 revenue reached ₹11,546 Mn, a 37% YoY increase. Syrma has also approved expansion into multi-layer PCBs and KSOLARE acquisition in JVA with Premier Energies.

Strategic Acquisition of Elcome

Syrma SGS is set to acquire a 60% majority stake in Elcome Integrated Systems Pvt Ltd. for ₹2,350 Mn. Elcome brings four decades of expertise in the Defence & Maritime business. The remaining 40% stake will be acquired over the next 3 years. The acquisition aligns with Syrma’s strategic roadmap to build a design-led Defence Electronics platform.

H1 FY26 Financial Highlights

The company has reported unaudited Financial Results for H1 FY26.

Key Figures:

• Total Revenue: ₹21,087 Mn
• Operating EBITDA: ₹2,110 Mn (up 64% YoY)
• EBITDA: ₹2,266 Mn (up 60% YoY)
• PBT: ₹1,566 Mn (up 95% YoY)
• PAT: ₹1,163 Mn (up 94% YoY)

Q2 FY26 Financial Summary

The company’s results for Q2 FY26 reveal substantial growth.

Key Figures:

• Total Revenue: ₹11,546 Mn (up 37% YoY)
• Operating EBITDA: ₹1,152 Mn (up 56% YoY)
• EBITDA: ₹1,240 Mn (up 53% YoY)
• PBT: ₹895 Mn (up 77% YoY)
• PAT: ₹663 Mn (up 67% YoY)

Industry Segment Performance (Q2 FY26)

Here’s a look at the revenue split by industry for Q2 FY26:

• Auto: ₹2,710 Million (up 29% YoY)
• Consumer: ₹3,656 Million (up 35% YoY)
• Healthcare: ₹834 Million (up 26% YoY)
• Industrials: ₹2,649 Million (up 9% YoY)
• IT and Railways: ₹1,610 Million (up 298% YoY)

Key Strategic Milestones

The company has made progress in strategic expansion. Syrma is establishing multi-layer PCBs and is acquiring KSOLARE in JVA with Premier Energies.

Source: BSE

Ather Energy has announced a revised timeline for the commencement of commercial operations at its Factory 3.0 in Chhatrapati Sambhajinagar, Maharashtra. Originally slated to begin in July 2026, the start date has been shifted to October 2026. This change is due to a delay in receiving the Environment Clearance approval, which was granted in September 2025. The company reaffirms its commitment to the successful completion of the factory.

Factory 3.0 Launch Pushed Back

Ather Energy has updated the commencement date for commercial operations at its new manufacturing facility, Factory 3.0, located in Chhatrapati Sambhajinagar (formerly Aurangabad), Maharashtra. The new timeline indicates that operations will begin in October 2026.

Reason for Delay

The company received the Environment Clearance approval in September 2025, which caused the delay. Previously, the commencement was projected for July 2026, as per the prospectus dated April 30, 2025. This shift reflects the adjustment in the project timeline.

Commitment to Completion

Despite the revised timeline, Ather Energy has confirmed its commitment to the successful completion of Factory 3.0. The company is actively working towards the facility’s opening and its contribution to the company’s manufacturing capabilities.

Source: BSE