Tata Power announced its Q2 FY26 results, reporting a Net Profit After Tax of ₹951.19 crore. Revenue stood at ₹7,910.21 crore. The Delhi Electricity Regulatory Commission (DERC) approved a tariff true-up order for FY 2021-22, leading to recognition of regulatory assets of ₹267 crore and a tax expense of ₹67 crore. The company temporarily suspended operations at the Mundra Power Plant for overhauling activities.

Financial Performance

Tata Power announced its financial results for the quarter ended September 30, 2025 (Q2 FY26). Key highlights include:

• Revenue: ₹7,910.21 crore
• Net Profit After Tax (NPAT): ₹951.19 crore

The company reported a total comprehensive income of ₹1,192.30 crore for the quarter. The earnings per share stood at ₹3.59.

Regulatory Updates

The Delhi Electricity Regulatory Commission (DERC) has approved a tariff true-up order for FY 2021-22. This has resulted in the recognition of regulatory assets amounting to ₹267 crore, along with a tax expense of ₹67 crore in the consolidated financial results.

Mundra Power Plant Operations

Tata Power temporarily suspended operations at the Mundra Power Plant effective July 3, 2025, to undertake overhauling and address technical issues. The company is in discussions with procurers to execute a Supplementary Power Purchase Agreement (SPPA).

Investments

Tata Power has further invested ₹60 crore in Khorlochhu Hydro Power Limited for developing hydropower projects in Bhutan.

Source: BSE

Thermax announced its Q2 FY26 results, reporting a consolidated operating revenue of Rs. 2,474 crore, a 5% decrease YoY. Consolidated profit after tax (PAT) decreased by 40% to Rs. 119 crore. The order book grew by 6% to Rs. 12,300 crore. Project cost overruns in the Industrial Infra segment, including Rs. 42 crore of additional cost provisions, impacted profits.

Q2 FY26 Financial Performance

Thermax reported a consolidated operating revenue of Rs. 2,474 crore in Q2 FY26, compared to Rs. 2,616 crore in the same quarter last year, a 5% decrease. The consolidated profit after tax (PAT) was Rs. 119 crore, a 40% decrease from Rs. 198 crore in Q2 FY25. Profit before tax (PBT) decreased by 35% to Rs. 174 crore from Rs. 266 crore.

Order Book and Revenue

As of September 30, 2025, the order balance was Rs. 12,300 crore, a 6% increase from Rs. 11,593 crore in the corresponding quarter of the previous year. Order booking for the quarter increased by 6%, reaching Rs. 3,551 crore. Thermax Limited’s standalone operating revenue was Rs. 1,505 crore, a 1% reduction compared to Rs. 1,523 crore in the prior year. The profit after tax was Rs. 226 crore, up 109%, which includes dividend income of Rs. 141 crore and a Rs. 42 crore cost provision for one project.

Factors Affecting Profitability

The revenue and profit for Q2 FY25 were positively affected by an accrual of Rs. 66 crore from incentives under the Packaged Incentive Scheme (PSI), 2007. Project cost overruns in the Industrial Infra segment negatively impacted profit, including Rs. 42 crore of additional cost provisions, mainly for one project. One subsidiary, TOESL, shifted to a rolling 12-month forecast model for its order book. This resulted in a Rs. 197 crore increase in the reported order book.

Source: BSE

The Board of Directors at Bikaji Foods International Limited has approved additional investments, including $500,000 into its U.S. subsidiary. It also greenlit the acquisition of a 48.78% stake in Petunt Food Processors Private Limited (PFPPL), which will make PFPPL a wholly-owned subsidiary upon completion. The Board also approved loan agreements with subsidiaries, alongside approving unaudited financial results for Q2 FY26.

Key Investment Decisions

Bikaji Foods International Limited has committed an additional investment of $500,000 in its wholly-owned subsidiary, Bikaji Foods International USA Corp, through the allocation of 50,000 common stock shares. This investment aims to bolster the company’s international presence and support its growth initiatives in the United States.

Acquisition of Petunt Food Processors Private Limited

The Board has sanctioned the acquisition of 35,98,998 equity shares of Petunt Food Processors Private Limited (PFPPL), representing a 48.78% stake, from existing shareholders. This strategic move will result in PFPPL becoming a wholly-owned subsidiary of Bikaji Foods, pending the completion of the acquisition process. The acquisition is expected to strengthen Bikaji’s market position and expand its product offerings.

Loan Agreements Approved

The Board has approved two loan agreements designed to support business operations within the group:

• A loan of ₹4,00,00,000 to Petunt Food Processors Private Limited, a subsidiary of the company.
• A loan of ₹2,50,00,000 to Dadiji Snacks Private Limited, a contract manufacturing unit of the company.

Financial Results for Q2 FY26

The Board reviewed and approved the unaudited standalone and consolidated financial results for the quarter ended September 30, 2025 (Q2 FY26). The results are now publicly available and provide insights into the company’s performance during the period. The board has also taken note of the limited review report of said results.

Source: BSE

IFCI Limited’s Board has approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. Key highlights include total standalone income of ₹178.61 Crore and consolidated total income of ₹752.21 Crore. The board meeting took place on November 11, 2025. The results are subject to a limited review.

Financial Performance Overview

IFCI Limited announced its unaudited financial results for Q2 2026, showcasing key financial metrics. The results were formally approved at a board meeting held on November 11, 2025.

Standalone Financial Highlights

The standalone results reveal a total income of ₹178.61 Crore. Interest income was reported at ₹60.56 Crore, while dividend income reached ₹80.03 Crore. The company’s finance costs totaled ₹107.03 Crore. Profit before exceptional items and tax stood at ₹1.51 Crore.

Consolidated Financial Highlights

The consolidated results indicate a total income of ₹752.21 Crore. Interest income was reported at ₹89.36 Crore, and dividend income was significantly higher at ₹385.54 Crore. Fees and commission income contributed ₹147.47 Crore to revenue. The company’s finance costs for the consolidated entity were ₹107.01 Crore. Profit before exceptional items and tax was declared as ₹381.47 Crore.

Key Balance Sheet Figures (Standalone)

Standalone cash and cash equivalents amounted to ₹11.27 Crore. Loans reached ₹1,241.12 Crore, and investments totaled ₹1,162.39 Crore. Non-financial assets, including investments in subsidiaries, amounted to ₹1,228.12 Crore.

Auditor Emphasis

Auditor emphasis was placed on the in-principle approval for the consolidation of the IFCI Group and also on specific data for SDF scheme which was not reviewed. Another point of emphasis was placed on accounts that were not reviewed by them in accordance to the nodal ministries’ directives.

Source: BSE