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Bajaj Finserv Consolidated Profit After Tax Rises 8% in Q2 FY26

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Bajaj Finserv reports an 8% increase in consolidated profit after tax to ₹2,244 crore for Q2 FY26, compared to ₹2,087 crore in Q2 FY25. Total income increased by 11% to ₹37,403 crore. Bajaj Finance’s profit after tax rose 22%. Bajaj Life recorded 50% growth in the value of new business. Assets under management at Bajaj Finserv Asset Management reached ₹28,814 crore as of September 30, 2025.

Q2 FY26 Financial Highlights

Bajaj Finserv (BFS) has announced its financial results for Q2 FY26, with key highlights including:

  • Consolidated total income: ₹37,403 crore (up 11% year-over-year)
  • Consolidated profit after tax: ₹2,244 crore (up 8% year-over-year)

Subsidiary Performance

Key performances from its subsidiaries include:

  • Bajaj Finance: Profit after tax increased by 22%. Customer franchise increased by 4.13 million, with 12.17 million new loans booked.
  • Bajaj General: Gross written premium increased by 9%. Excluding specific items, business growth was 18%. Profit after tax increased by 5%.
  • Bajaj Life: Value of new business increased by 50%.

New Business Growth

Bajaj Finserv is focused on growing its emerging businesses, including Bajaj Finserv Health and Bajaj Finserv Asset Management. Assets Under Management (AUM) at Bajaj Finserv Asset Management reached ₹28,814 crore as of September 30, 2025.

Acquisition Update

The acquisition of a 26% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance is underway, with approvals received. Upon completion of the initial tranche, the joint venture agreements with Allianz SE will be terminated.

Key Ratios and Figures (Bajaj Life)

Indian GAAP figures for Bajaj Life include:

  • New business premium increased by 25% to ₹4,012 crore.
  • Solvency ratio stood at 346%.
  • Assets Under Management (AUM) reached ₹132,060 crore.

Source: BSE

RITES Limited Declares Interim Dividend and Reports Q2 FY26 Results

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RITES Limited announced its Q2 FY26 results, reporting a profit after tax of ₹102.22 crore. The Board declared an interim dividend of ₹2.00 per share. Revenue from operations stood at ₹514.00 crore for the quarter ended September 30, 2025. The company continues to focus on its infrastructure consultancy and turnkey construction projects.

Financial Performance

RITES Limited announced its financial results for the quarter ended September 30, 2025, showcasing the following key highlights:

  • Revenue from Operations: ₹514.00 crore
  • Other Income: ₹47.31 crore
  • Profit Before Tax: ₹131.85 crore
  • Profit After Tax: ₹102.22 crore

The company’s total income for the quarter stood at ₹561.31 crore.

Interim Dividend

The Board of Directors declared a 2nd interim dividend for the financial year 2025-26 at the rate of ₹2.00 per share (20% of paid-up share capital). The record date for determining shareholders eligible for the dividend is November 15, 2025.

Segment-Wise Revenue

The company’s revenue streams can be broken down as follows:

  • Consultancy (Domestic): ₹283.60 crore
  • Consultancy (Abroad): ₹13.99 crore
  • Export Sale: ₹60.60 crore
  • Leasing-Domestic: ₹42.84 crore
  • Turnkey Construction Projects: ₹112.97 crore

Operational Highlights

RITES Limited continues to focus on providing infrastructure consultancy and undertaking turnkey construction projects both in India and abroad.

Source: BSE

Shyam Metalics Sales Release for October 2025

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Shyam Metalics has announced its sales release for October 2025. The release provides a consolidated overview of sales performance across various product categories including Stainless Steel, Aluminium Foil, Pellet, Speciality Alloys, Carbon Steel, CR Coil/CR Sheets and Sponge Iron. Sales volumes and average realisations are detailed, along with YoY and MoM comparisons to provide a comprehensive view of the company’s sales trends.

October Sales Performance Overview

Shyam Metalics has released its sales data for the month ending October 31, 2025, offering insights into the performance of its key product segments.

Stainless Steel

Sales volume for Stainless Steel reached 6,372 MT in October 2025, a 2.47% decrease YoY. The average realisation was ₹1,37,420/MT, a 0.68% increase YoY. Compared to September 2025, sales volume decreased by 12.00% and realisation increased by 0.13%.

Aluminium Foil

Aluminium Foil sales volume was 1,369 MT in October 2025, representing an 11.59% decrease YoY. Average realisation stood at ₹3,80,647/MT, an 11.94% increase YoY. MoM sales volume decreased by 33.42% and average realisation decreased by 3.28%.

Pellet

In October 2025, Pellet sales volume reached 90,711 MT, a significant 43.13% increase YoY. Average realisation was ₹9,297/MT, a 9.34% increase YoY. MoM sales volume increased by 10.15% with realisation increasing by 0.28%.

Speciality Alloys

Speciality Alloys sales volume in October 2025 was 16,189 MT, a 7.99% decrease YoY. The average realisation was ₹93,223/MT, a 7.42% decrease YoY. Sales volume decreased MoM by 7.23%, and realisation decreased by 8.06%.

Carbon Steel

Carbon Steel sales volume totalled 1,33,000 MT, representing a 0.75% increase YoY. Average realisation was ₹40,052/MT, a 10.27% decrease YoY. Compared to the previous month, sales volume decreased by 10.36% and realisation decreased by 2.64%.

CR Coil/ CR Sheets

Sales volume for CR Coil/CR Sheets reached 13,050 MT, a substantial 1851.54% increase YoY. Average realisation was ₹75,337/MT, a 34.65% increase YoY. Sales volume increased by 11.49% MoM with realisation increasing by 2.05%.

Sponge Iron

Sponge Iron sales volume was 83,960 MT, a 16.31% decrease YoY. Average realisation was ₹22,777/MT, a 13.48% decrease YoY. Sales volume increased by 38.42% MoM, while realisation decreased by 3.28%.

Source: BSE

Bajaj Finserv Consolidated Profit After Tax Rises 8% in Q2 FY26

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Bajaj Finserv reported strong financial results for Q2 FY26, with consolidated total income rising by 11% to ₹37,403 crore. Consolidated profit after tax increased by 8% to ₹2,244 crore. Bajaj Finance continues to drive growth, with a 22% increase in consolidated profit after tax. The company’s emerging businesses continue to expand as well.

Key Financial Highlights

The company’s consolidated total income reached ₹37,403 crore, an increase of 11% compared to Q2 FY25. Consolidated profit after tax also saw an increase, reaching ₹2,244 crore, an 8% year-over-year increase.

H1 FY26 saw consolidated total income reach ₹72,854 crore, a 12% increase, and consolidated profit after tax reached ₹5,033 crore, a 19% increase.

Subsidiary Performance

Bajaj Finance reported a 22% increase in consolidated profit after tax, reaching ₹4,876 crore for Q2 FY26. Bajaj General reported profit after tax of ₹517 crore, an increase of 5%.

Bajaj Life’s net value of new business increased by 50% to ₹367 crore. The value of new business margin is at its highest ever, 14.8%.

Update on Acquisition

The acquisition of a 26% equity stake in Bajaj Allianz General Insurance Company Limited and Bajaj Allianz Life Insurance Company Limited, owned by Allianz SE, will be completed in tranches by October 16, 2026. The regulatory approvals have been received, and the companies have started operating as Bajaj Life Insurance Limited and Bajaj General Insurance Limited since October 7, 2025.

Source: BSE

Syrma SGS Technology Monitoring Agency Report for Q2 FY26

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Syrma SGS Technology has released the Monitoring Agency Report for the second quarter of fiscal year 2026. The report, issued by CARE Ratings, covers the utilization of proceeds from the Qualified Institutional Placement (QIP). The report highlights that ₹683.462 crore was used for repayment and/or pre-payment of outstanding borrowings. As of September 30, 2025, unutilized amount stands at ₹297.048 crore invested in fixed deposits and current accounts.

QIP Proceeds Utilization

Syrma SGS Technology’s Monitoring Agency report indicates that a significant portion of the QIP proceeds has been allocated towards debt reduction. A total of ₹683.462 crore was directed towards repaying or prepaying existing borrowings. This move is aimed at strengthening the company’s financial position and optimizing its capital structure, reducing the overall financial burden.

Unutilized Funds

As of September 30, 2025, Syrma SGS Technology retains ₹297.048 crore of the QIP proceeds, and the entire amount is placed in fixed deposits and a current account. According to the report, ₹224.262 crore is earmarked for general corporate purposes, while ₹25.738 crore is assigned to issue-related expenses.

Fixed Deposit Details

The unutilized funds are strategically invested in short to medium-term fixed deposits with various banks to optimize returns while maintaining liquidity. The report specifies investments across ICICI Bank (₹17.000 crore), SBI Bank (₹65.005 crore), HDFC Bank (₹65.347 crore), Axis Bank (₹50.304 crore), RBL Bank (₹50.000 crore), and YES Bank (₹50.000 crore). There is also ₹0.048 crore in an ICICI CC Account.

No Major Deviations

The Monitoring Agency confirms that the utilization of funds aligns with the objectives outlined in the Offer Document. There are no reported deviations from the intended use of the QIP proceeds. All necessary government and statutory approvals are in place.

Source: BSE

Finolex Cables Board Approves Q2 Results, Dividend Recommended

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Finolex Cables’ Board approved the Q2 results on November 11, 2025, showcasing strong financial performance. Revenues reached ₹1375.8 Cr. Profit after tax stood at ₹186.9 Cr. The board also recommended a dividend of ₹8.00 per equity share. Production trials at the Preform Facility are expected to be completed by the end of the year.

Financial Performance

Finolex Cables reported revenues of ₹1375.8 Cr for the quarter ending September 2025 (Q2), a 5% increase compared to ₹1311.7 Cr in the same period of the previous year. Electrical Wires were flat, while Power Cables grew by about 40%.

Profitability

The profit after tax for the quarter was ₹186.9 Cr, a 28% increase from ₹146.1 Cr in the previous year. For the half year ending September 30th, profit after taxes improved to ₹325.7 Cr. Segment EBIT improved to 10.9% in the quarter.

Dividend Announcement

The Board of Directors recommended a dividend of ₹8.00 per equity share. This dividend was previously approved by shareholders at the Annual General Meeting held on September 29, 2025.

Operational Updates

Production trials at the Preform Facility are expected to be completed by the end of the calendar year.

Segment Performance

Electrical cables revenue was ₹2393.43 Cr for six months ended September. Copper rods revenue was ₹888.48 Cr for the same period. Communication cables revenue reached ₹215.22 Cr.

Source: BSE

Finolex Cables Reports Q2 FY26 Results, Profit Jumps 28%

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Finolex Cables announced its Q2 FY26 results, reporting a 28% increase in profit after tax to ₹186.9 Cr compared to ₹146.1 Cr in the previous year. Revenue for the quarter stood at ₹1375.8 Cr. The company’s Board of Directors approved these results in a meeting held on November 11, 2025.

Financial Performance

Finolex Cables (FCL) reported its financial results for the second quarter of the financial year 2025-26 (Q2 FY26). Revenues for the quarter ending September 2025 reached ₹1375.8 Cr, a 5% increase from ₹1311.7 Cr in the corresponding period of FY25. Profit for the quarter after taxes increased to ₹186.9 Cr compared to ₹146.1 Cr, representing a 28% improvement.

Segmental Performance

In volume terms, the demand for Electrical Wires remained relatively stable, while Power Cables experienced a growth of approximately 40%. Meanwhile, the Communication Cables segment experienced muted growth across all product categories. The company says growth in newer product categories contributed to the segment’s overall turnover. Appropriate pricing actions taken in September focused on ensuring stability in margins and a quick pass-through of metal price volatility. Segment EBIT improved to 10.9% for the quarter.

Half-Yearly Performance

Revenues for the half-year ending September 2025 reached ₹2771.3 Cr, reflecting a 9% growth compared to ₹2542.2 Cr for the corresponding period. Similar to the quarter, volumes for Electrical Wires remained flat, while Power Cables experienced significant growth, climbing over 60%.

Operational Updates

The company anticipates the completion of production trials at the Preform Facility by the end of the current calendar year, with commissioning expected to follow soon thereafter.

Key Financial Metrics (Consolidated)

  • Total Income from Operations: ₹1413.25 Cr
  • Net Profit before Tax: ₹206.20 Cr
  • Net Profit after Tax: ₹162.64 Cr
  • Total Comprehensive Income: ₹155.47 Cr

Source: BSE

Emcure Reports 13% Revenue Growth and 25% Profit Surge in Q2FY26

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Emcure Pharmaceuticals announced a robust financial performance for Q2 FY26, with revenue reaching ₹2,270Cr, a 13.4% year-over-year increase. The company’s EBITDA margins stood at 19.3%, translating to an EBITDA of ₹439Cr, a 15.2% YoY growth. Profit after tax (PAT) soared by 25% to ₹251Cr. The company’s domestic sales grew by 11%, and international sales increased by 16%.

Financial Highlights

Emcure Pharmaceuticals reported strong Q2FY26 results, demonstrating growth across both domestic and international markets. Key figures include:

  • Revenue from Operations: ₹2,270Cr (up 13.4% YoY)
  • EBITDA: ₹439Cr (up 15.2% YoY), with margins at 19.3%
  • Profit After Tax (PAT): ₹251Cr (up 24.7% YoY)

Domestic Performance

Domestic business grew by 10.6%, driven by key therapies and strategic initiatives. Emcure is partnering with Novo Nordisk to launch Poviztra® in India for chronic weight management. Emcure also completed the acquisition of the minority stake in its Zuventus subsidiary this quarter.

International Growth

International business expanded by 15.8%. Europe demonstrated a robust 23% growth, boosted by new product launches and Manx ramp-up. Canada continued its strong growth trajectory with an 18% increase. The Rest of World segment maintained its momentum with non-ARV products.

Segmental Revenue Breakdown

A summary of revenue distribution across geographies:

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Executive Commentary

Satish Mehta, CEO and Managing Director of Emcure Pharmaceuticals Ltd., commented on the results: “Q2 saw strong performance across all our businesses. We continue to augment our portfolio in all our focus markets though in-licensing and inhouse developments. Novo Nordisk partnership positions us well in the fast-growing obesity segment and gives us an early entry enabling us to shape the market. We remained focus on delivering strong growth along with margin improvement in all our key businesses.”

Source: BSE

RITES Limited Board Approves Interim Dividend and Financial Results for Q2 2026

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The Board of Directors of RITES Limited approved the Un-audited Standalone and Consolidated Financial Results for Q2 2026. They also declared an interim dividend of ₹2.00 per share. The record date for the dividend is set for November 15, 2025. The meeting took place on November 11, 2025.

Interim Dividend Declared

RITES Limited announced the declaration of its second interim dividend for the financial year 2025-26 at a rate of ₹2.00 per share (20% of paid-up share capital). The record date for determining shareholders eligible for this dividend is Saturday, November 15, 2025.

Financial Performance Highlights

The Board of Directors approved the Un-audited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2025.

Standalone Financial Results: Key Figures

Total Income for the quarter ended September 30, 2025 reached ₹561.31 crores compared to ₹553.60 crores for the quarter ended September 30, 2024.

Profit Before Tax for the quarter stood at ₹131.85 crores.

Profit After Tax for the quarter was ₹102.22 crores.

Consolidated Financial Results: Key Figures

Total Income for the quarter ended September 30, 2025 reached ₹579.04 crores compared to ₹562.13 crores for the quarter ended September 30, 2024.

Profit Before Tax for the quarter stood at ₹146.38 crores.

Profit After Tax for the quarter was ₹109.10 crores.

Segment-Wise Revenue

The details of segment-wise revenue are as follows:

  • Consultancy (Domestic): ₹313.41 crores
  • Consultancy (Abroad): ₹14.17 crores
  • Export Sale: ₹60.60 crores
  • Leasing-Domestic: ₹42.84 crores
  • Turnkey Construction Projects: ₹112.97 crores
  • Power Generation: ₹4.75 crores

Source: BSE

Leela Palaces Hotels & Resorts Subsidiary Makes Further Investment in Argon Holdings

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Leela Palaces Hotels & Resorts Limited announces that its wholly owned subsidiary, Aries Holdings (DIFC) Limited, has made a further investment of USD 47.72M in Argon Holdings (DIFC) Limited. As of November 11, 2025, the company continues to exercise 25% of the shares and voting rights in Argon Holdings (DIFC) Limited. There is no change in the control as a result of this investment.

Subsidiary Investment Update

Leela Palaces Hotels & Resorts Limited announced on November 11, 2025, that Aries Holdings (DIFC) Limited, a wholly owned subsidiary incorporated outside India, has made a further investment in Argon Holdings (DIFC) Limited.

Investment Details

The investment amounts to USD 47.72M (Forty-Seven Million Seven Hundred Twenty Thousand US Dollars only). Despite this investment, there is no change in the control of Argon Holdings (DIFC) Limited. The company continues to exercise 25% of the shares and voting rights. Argon Holdings (DIFC) Limited is an investment company incorporated on October 11, 2023.

Argon Holdings Financials

Argon Holdings (DIFC) Limited’s financials are as follows: Turnover for FY-25 is NIL, Turnover for FY-24 is NIL, and Turnover for FY-23 is N.A. The company’s country of presence is the United Arab Emirates (U.A.E.).

Source: BSE

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Segment Revenue (₹Cr) YOY Growth (%)
Domestic 1,031 10.6%
International 1,238 15.8%
EM 446 8.6%
EU 444 22.7%
CA 348 17.5%