Aditya Birla Lifestyle Brands Limited (ABLBL) reported revenue growth of 4% Y-o-Y to INR2,038 crores in Q2 FY26, driven by a strong 7% Y-o-Y growth in Lifestyle Brands. EBITDA increased by 12% to INR338 crores, with margin expansion of 125 bps to 16.6%. Consolidated PAT stood at INR23 crores, compared to a loss of INR59 crores in the previous quarter. The company added 75-plus new stores, expanding its retail presence.

Financial Performance

Aditya Birla Lifestyle Brands Limited (ABLBL) announced its Q2 FY26 results, showcasing steady performance amidst a dynamic market environment:

• Revenue: Grew by 4% Y-o-Y to INR2,038 crores.
• EBITDA: Increased by 12%, reaching INR338 crores compared to INR301 crores in the same quarter last year.
• EBITDA Margin: Expanded by 125 bps to 16.6%.
• Consolidated PAT: Reported at INR23 crores, a turnaround from a loss of INR59 crores in the previous quarter.

Segment Highlights

Key observations across different segments include:

• Lifestyle Brands: Demonstrated strong growth with a 7% Y-o-Y increase in revenue.
• Emerging Businesses: Experienced a decline, primarily due to the closure of Forever 21 in the base period.
• Retail Like-to-Like Growth: Lifestyle Brands retail like-to-like grew by 12%.

Retail Expansion

ABLBL continued to expand its retail footprint during the quarter:

• Added over 75 new stores, increasing its presence to over 785 cities and towns.
• The company’s retail footprint now spans 4.7 million square feet with over 3,250 stores, including 550-plus stores in smaller towns.

First Half (H1 FY26) Performance

Key highlights for the first half of the fiscal year include:

• Revenue: Stood at INR3,878 crores, up 3% Y-o-Y.
• EBITDA: Grew by 7% to INR624 crores.
• EBITDA Margin: Improved by 50 bps to 16.1%, despite higher advertisement spending.
• PAT: Stood at INR48 crores.

Source: BSE

Bikaji Foods International has approved significant strategic decisions. This includes an additional investment of ₹35,989,980 in Petunt Food Processors Private Limited (PFPPL), making it a wholly-owned subsidiary. The company will also invest $500,000 in its US subsidiary, Bikaji Foods International USA Corp. Further, loans of ₹40,000,000 and ₹25,000,000 were approved for Petunt Food Processors and Dadiji Snacks Private Limited respectively.

Investment in Petunt Food Processors Private Limited

Bikaji Foods International has approved an additional investment in Petunt Food Processors Private Limited (PFPPL). This will be executed through the acquisition of 35,98,998 equity shares, each with a face value of ₹10. This acquisition represents 48.78% of PFPPL’s equity share capital. After this acquisition, PFPPL will become a wholly-owned subsidiary of Bikaji Foods International.

Investment in US Subsidiary

The board has also approved an investment of $5,00,000 in Bikaji Foods International USA Corp, the company’s wholly-owned subsidiary in the United States. This investment will be in the form of 50,000 common stock.

Loan to Petunt Food Processors

A loan agreement with Petunt Food Processors Private Limited, a subsidiary of the company, has been approved for ₹4,00,00,000.

Loan to Dadiji Snacks Private Limited

The execution of a loan agreement with Dadiji Snacks Private Limited, a contract manufacturing unit of the company, has been approved for ₹2,50,00,000.

Source: BSE

Tata Power announced strong Q2 FY26 results with PAT growing to ₹1,245 crore, up 14% YoY. Core business delivered 35% growth YoY, driving performance. H1 FY26 PAT rose to ₹2,508 crore, up 10% YoY. The company’s performance was anchored in its diversified and value-chain-integrated portfolio, with revenue up 3% to ₹15,769 crore.

Financial Highlights

Tata Power reported a robust financial performance for Q2 FY26:

• PAT: Grew to ₹1,245 crore, a 14% increase YoY.
• Core Business Growth: Achieved a significant 35% growth YoY.
• H1 FY26 PAT: Reached ₹2,508 crore, up 10% YoY.
• Revenue: Increased by 3% to ₹15,769 crore in Q2 FY26 and up 4% to ₹33,233 crore in H1 FY26.
• EBITDA: Increased by 6% to ₹4,032 crore in Q2 FY26 and up 11% to ₹7,961 crore in H1 FY26.

Segment Performance

Several segments contributed to the company’s strong performance:

• Solar Cell and Module Manufacturing PAT: Increased to ₹240 crore, up 262% YoY. H1 FY26 PAT rose to ₹340 crore, up 182% (YoY)
• Rooftop PAT: Grew to ₹123 crore, up 390% YoY. H1 FY26 PAT rises to ₹ 213 crore, up 326% (YoY)
• Odisha DISCOMs PAT: Increased to ₹174 crore, up 362% YoY. H1 FY26 PAT rises to ₹ 279 crore, up 255% (YoY)
• Renewables business: Segment PAT up 70% to ₹511 crore in Q2 FY26. EBITDA up 57% to ₹ 1,575 crore, Revenue up 89% to ₹ 3,613 crore
• Transmission: PAT grew to ₹120 crore (up 41% YoY) in Q2 FY26.
• Distribution: PAT grew to ₹557 crore (up 34% YoY) in Q2 FY26.

Key Business Developments

Tata Power also highlighted several key business developments:

• Solar Cell and Module Manufacturing: Achieved output of 928 MW of Cells & 970 MW of Modules in Q2 FY26.
• Rooftop Solar: Order book stands at ₹1,116 crore.
• Khorlochhu Hydro Project: Construction commenced for the 600 MW project in Bhutan.
• Bhivpuri PSP: Work commenced on 1,000 MW Bhivpuri PSP in Maharashtra.

Sustainability and CSR

Tata Power scored 76 in S&P CSA 2025 ESG Ratings.

Source: BSE

Aavas Financiers reported a 16% YoY growth in Assets Under Management (AUM), reaching ₹214 billion in H1FY26. Net profit increased by 11% YoY to ₹3.04 billion. The company’s spread stood at 5.23%, with Net Interest Margin (NIM) at 7.81%. Gross Stage 3 assets remained low at 0.85%, demonstrating robust asset quality and capital adequacy.

Financial Highlights for H1FY26

Aavas Financiers has announced its unaudited financial results for the half-year ended September 30, 2025, showcasing substantial growth across key performance indicators:

• Assets Under Management (AUM): Increased by 16% YoY, reaching ₹213.57 billion.
• Net Interest Income: Grew by 16% YoY to ₹6.48 billion.
• Net Profit: Increased by 11% YoY to ₹3.04 billion.
• Net Worth: Rose by 16% YoY to ₹46.80 billion.

Key Performance Metrics

The company’s operational efficiency and asset quality remained strong:

• Spread: Improved to 5.23%, an increase of 34 bps.
• Net Interest Margin (NIM): Increased to 7.81%, up by 20 bps.
• 1+ DPD (Overall): Stood at 3.99%.

Strategic Developments

Aavas Financiers has focused on several strategic initiatives to drive growth and efficiency:

• Disbursements in Q2FY26 grew by 21% YoY.
• Cost-to-income ratio improved by 262 bps quarter-on-quarter to 43.7%.
• The company expanded its branch network to 405 branches.

Management Commentary

Mr. Sachinder Bhinder, Managing Director & Chief Executive Officer, commented on the company’s commitment to serving underserved customers and fostering housing affordability. He highlighted the reduction in turnaround time for loan sanctions and the company’s focus on optimizing yield and credit quality.

Future Outlook

Aavas Financiers remains committed to maintaining strong governance, asset quality, and profitability. The company’s strategic initiatives are aimed at driving sustainable growth and maximizing shareholder value through technology adoption and customer experience enhancement.

Source: BSE

Shyam Metalics and Energy Limited has signed agreements to acquire a 26% stake in Emerge Green Power Private Limited. This investment includes a Solar Power Purchase Agreement, allowing Shyam Metalics to source solar power as a captive user. This move aligns with the company’s sustainability goals by reducing energy costs and utilizing renewable energy for its operations. The deal is expected to close by May 11, 2026.

Strategic Investment in Solar Power

Shyam Metalics and Energy Limited has entered into an agreement to acquire a 26% equity stake in Emerge Green Power Private Limited. This strategic move involves signing a Solar Power Purchase Agreement (SPPA), positioning Emerge Green Power as a Captive Generator supplying solar power to Shyam Metalics as a Captive User.

Key Terms of the Agreement

The company has also signed a Share Subscription and Shareholders’ Agreement (SSSHA) with EGPPL and EG Green Parks Private Limited for subscribing to 26,000 Equity Shares. Upon completion of this acquisition, Emerge Green Power will become an Associate of Shyam Metalics.

Rationale for the Acquisition

This investment allows Shyam Metalics to utilize solar power for its energy-intensive industrial operations, aiming to reduce dependence on grid power and lower energy costs. The acquisition is projected to:

• Reduce dependency on grid power and lower energy expenses.
• Contribute to environmental goals through greater utilization of green energy.
• Enhance EBITDA margins by decreasing operational expenditure on power.

Financial Details

The cost of acquisition for the 26,000 shares is ₹75,01,260. Each equity share, with a face value of ₹10, was issued at a premium of ₹278.51.

Timeline for Completion

The indicative time period for completion of the acquisition is by May 11, 2026. Emerge Green Power Private Limited, incorporated on February 17, 2025, aims to establish a Solar Power Generation unit.

Source: BSE

AAVAS Financiers has amended its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information, as approved by the Board of Directors on November 11, 2025. The updated code aims to ensure transparency and fair dissemination of price-sensitive information, aligning with best practices and regulatory standards. The revised code is available on the company’s website.

Revised Disclosure Practices

AAVAS Financiers Limited has updated its ‘Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information’. The Board of Directors approved the amendments during a meeting held on November 11, 2025.

Key Principles of the Code

The updated code emphasizes the following principles:

• Prompt public disclosure of all Unpublished Price Sensitive Information (UPSI).
• Uniform and universal dissemination of UPSI to avoid selective disclosure.
• Designation of a Chief Investor Relations Officer to manage information dissemination.
• Handling of all UPSI on a need-to-know basis.

Legitimate Purposes for Sharing UPSI

Sharing UPSI is considered legitimate if it aligns with the ordinary course of business and doesn’t evade regulatory requirements. This includes sharing information with insiders, promoters, advisors, consultants, business associates, lenders, customers, and legal advisors.

Website Disclosure

AAVAS Financiers will maintain an updated website with comprehensive information, including business details, financial reports, and investor communications, to ensure universal disclosure of UPSI.

The ‘Chief Investor Relations Officer’ is responsible for the dissemination of UPSI, in compliance with corporate and securities laws. The code is available on the company’s website and is subject to change by the Board of Directors.

Source: BSE

Tata Power has announced a proposed acquisition of a 40% equity stake in a Special Purpose Vehicle (SPV) for the 1125 MW Dorjilung Hydro Power Project in Bhutan, with a project cost of approximately ₹13,100 crore. This acquisition, to be completed in one or more tranches, requires a Shareholders Agreement with Druk Green Power Corporation Limited (DGPC). The deal aims to bolster Tata Power’s clean and green energy transition.

Strategic Investment in Hydro Power

Tata Power is set to acquire a 40% equity stake in a Special Purpose Vehicle (SPV) dedicated to the development of the 1125 MW Dorjilung Hydro Power Project located in Bhutan. This strategic move involves executing a Shareholders Agreement with Druk Green Power Corporation Limited (DGPC) and will be structured in one or more tranches.

Project Details and Financials

The Dorjilung Hydro Power Project carries an estimated project cost of approximately ₹13,100 crore. Tata Power’s investment for the 40% stake is valued at approximately ₹1,572 crore. The transaction is expected to be completed within 6 months, pending agreement on final terms and conditions in the Shareholders Agreement.

Impact and Future Outlook

This acquisition is projected to significantly support Tata Power’s commitment to clean and green energy transition. By investing in the Dorjilung Hydro Power Project, the company aims to enhance its portfolio of renewable energy assets and contribute to sustainable power generation. The SPV, post-acquisition, will become an associate company of Tata Power.

Source: BSE

The Reserve Bank of India (RBI) has imposed a penalty of ₹1,35,750 on Bank of India due to irregularities observed during an RBI inspection at the Bhilai Currency Chest. The bank has implemented preventive measures to avoid similar occurrences in the future. According to the bank, the monetary penalty will not have a material impact on its financial operations or other activities.

RBI Penalty

Bank of India has received a penalty from the Reserve Bank of India (RBI) following an inspection. The penalty, amounting to ₹1,35,750, was imposed due to certain irregularities. This notice was released on November 11, 2025.

Preventive Measures

The Bank of India has taken steps to prevent the recurrence of similar issues. According to the bank’s statement, the penalty will not materially impact the bank’s financial operations.

Source: BSE