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

Godrej Consumer Products Limited (GCPL) has completed the acquisition of the FMCG business of Triology Solutions Private Limited (TSPL). The acquisition, structured as a slump sale on a going concern basis, was initially announced on October 31, 2025. Triology Solutions operates primarily in the male grooming category under the Muuchstac brand. This acquisition allows Godrej to further expand its product portfolio.

Acquisition Completion

Godrej Consumer Products Limited has finalized its acquisition of the FMCG business of Triology Solutions Private Limited (TSPL), effective as of November 10, 2025. This acquisition was structured as a slump sale.

About Triology Solutions

Triology Solutions Private Limited (TSPL) is an Indian FMCG company, with its main focus within the male grooming category. Its most notable brand is Muuchstac. Godrej’s acquisition allows them to integrate this category into their portfolio.

Source: BSE

Syrma SGS Technology has entered into an agreement to acquire a 60% majority stake in Elcome Integrated Systems, an Indian defense and maritime electronics company. This acquisition marks Syrma SGS’s strategic entry into the defense electronics sector, aligning with India’s self-reliance goals. Elcome specializes in advanced electronic systems and integrated command solutions. The acquisition is expected to enhance Syrma SGS’s capabilities in delivering high-reliability systems.

Strategic Acquisition

Syrma SGS Technology Limited has signed a definitive agreement to acquire a 60% majority stake in Elcome Integrated Systems Private Limited. This move signifies Syrma SGS’s strategic foray into the defense and maritime sectors. The announcement was officially made on November 10, 2025.

Elcome’s Expertise

Elcome, established in 1978, specializes in advanced electronic systems, integrated command solutions, and indigenous mission-critical technologies for the Indian Defence and Maritime sectors. It has built a strong reputation over four decades.

Synergies and Benefits

The acquisition combines Elcome’s deep domain expertise with Syrma SGS’s industrial-scale manufacturing capabilities. This is expected to enhance the shared ability to deliver high-reliability systems to defense customers. Sandeep Tandon, Chairman of Syrma SGS, highlighted that this acquisition marks a meaningful milestone in Syrma SGS’s strategic roadmap, especially given India’s strong indigenization drive in the defense sector.

Focus on Self-Reliance

This acquisition aligns with India’s Aatmanirbhar Bharat objectives, strengthening self-reliance in advanced electronic systems. It also supports the growth of indigenous defense technology capabilities. The collaboration aims to create a scaled, innovation-driven domestic platform in defense electronics.

Future Plans

J. S. Gujral, Managing Director of Syrma SGS, emphasized that the acquisition creates an ideal base to pursue larger integrated defense programs. The focus will be on strengthening governance, operational systems, and execution capabilities. This will accelerate the introduction of new indigenous technologies and solutions.

Source: BSE

Canara Bank announces the exercising of the call option on its Basel III compliant Additional Tier I Bonds. This affects two bond series: INE476A08100, issued on December 31, 2020, and INE476A08118, issued on February 2, 2021. Bondholders will receive principal and accrued interest as per the terms of the call option.

Call Option on Bonds

Canara Bank has declared its intention to exercise the call option on two series of its Basel III compliant Additional Tier I Bonds. This decision follows regulatory approval from the RBI, received on November 7, 2025. The bank has notified the stock exchanges and bondholders regarding this action.

Bond Details and Record Dates

The call option exercise impacts the following bonds:

• INE476A08100: This bond was issued on December 31, 2020, with a coupon rate of 8.50% per annum. The record date for the call option is December 16, 2025, and the call option date is December 31, 2025.
• INE476A08118: Issued on February 2, 2021, carrying a coupon rate of 8.30% per annum. The record date for this bond’s call option is January 16, 2026, and the call option date is February 2, 2026.

Payment and Discharge

Bondholders of INE476A08100 will receive the principal amount along with interest for the period from December 31, 2024, to December 30, 2025, payable on December 31, 2025. Similarly, for bond series INE476A08118, bondholders will be paid principal and interest from February 2, 2025, to January 31, 2026, on February 2, 2026. Upon payment, the bonds will be discharged, and Canara Bank’s liability to the bondholders will cease.

Contact Information

For any queries, bondholders can contact KFin Technologies Limited, the Registrar and Transfer Agent (RTA), at the following address:

Unit: Canara Bank
Selenium Tower B, Plot No.31-32,
Gachibowli, Financial District, Nanakramguda,
Hyderabad – 500 032
E-mail: [email protected]
Toll-free: 1800 309 4001

Source: BSE