The Shipping Corporation of India (SCI) announced strong financial results for Q2 FY26. Net profit stood at ₹176 crores on a standalone basis and ₹189 crores consolidated. The board has declared an interim dividend of ₹3 per share. The company’s net worth reached ₹7963 crores. SCI’s fleet includes 58 owned and 40 managed vessels.

Financial Performance Highlights

SCI reports the following key financial metrics:

• Standalone Net Profit: ₹176 crores
• Consolidated Net Profit: ₹189 crores
• Interim Dividend: 30% (₹3 per share)
• Net Worth: ₹7963 crores as of September 30, 2025
• Cash Position: ₹1875 crores (including liquid MFs)
• Long Term Loan: ₹2526 crores as of September 30, 2025
• DSCR: 4.24

Fleet Details

SCI’s fleet comprises a total of 58 owned vessels with an average age of 15.50 years. The fleet breakdown is as follows:

• Liner vessels: 2
• Bulk Carriers: 15
• Tankers: 31
• Technical & Offshore: 10

The company also manages 40 vessels.

VLGC Additions

SCI expanded its fleet with the induction of two Very Large Gas Carriers (VLGCs), “Sahyadri” and “Shivalik”, enhancing its presence in energy transportation. The vessels will operate on the Persian Gulf to India trade route.

Q2 FY26 Standalone Performance

The standalone financial highlights for Q2 FY26 show significant Operating Revenue, EBITDA, and PAT. The operating revenue reached ₹1339 crores in Q2 FY26, while the PAT was ₹176 crores.

Segment Performance

A detailed breakdown of segment-wise operating revenue for Q2 FY26:

• Liner: ₹213 Crores
• Bulk: ₹201 Crores
• Tanker: ₹858 Crores
• T&OS: ₹74 Crores

Tanker Market Overview

The Tanker market experienced strong gains across all segments during the quarter. The VLCC market was particularly dynamic, with TCE also gaining higher for VLCC routes. Middle East Gulf Aframax market remained pretty steady through out the quarter.

Liner/Container Business Focus

SCI is strategically positioned to benefit from India’s economic growth by dominating the stable and expanding coastal sector and to maintain 100% service continuity by strategically rerouting the operations to ensure predictable delivery for the customers.

Source: BSE

Bajaj Finance announces the cessation of Shri Anupam Sirbhaiya as Senior Management Personnel effective November 1, 2025. This follows Shri Sirbhaiya’s movement to Bajaj Finserv Limited. The announcement was made on November 7, 2025, reiterating the company’s commitment to transparency in leadership changes.

Senior Management Change

Bajaj Finance has announced that Shri Anupam Sirbhaiya has ceased to be a Senior Management Personnel of the company, effective November 1, 2025. This change is due to his move to Bajaj Finserv Limited.

Resignation Details

The announcement, dated November 7, 2025, references a previous letter from November 1, 2025, which had already intimated the movement of Shri Sirbhaiya. Shri Sirbhaiya has served as the Chief HR and Administration Officer and will be taking on the role of Group Chief Human Resources Officer at Bajaj Finserv Limited.

Effective Date

The cessation of Shri Anupam Sirbhaiya as Senior Management Personnel is effective from November 1, 2025, marking the end of his role at Bajaj Finance.

Source: BSE

Ola Electric reported a 30.7% gross margin in Q2 FY26, surpassing many ICE companies. The Auto business turned cash-generative with ₹15 crore in cash flow from operations. The company commissioned a 2.5 GWh Gigafactory and launched Ola Shakti, a residential BESS product. Motorcycle sales accounted for 12%-15% of total volume. The company expects gross margins of 36%-37% going forward, targeting a ₹1,000 crore revenue from the BESS unit in FY27.

Strong Q2 Performance

During the Q2 FY26 earnings call, Bhavish Aggarwal, Chairman and Managing Director of Ola Electric Mobility Limited, highlighted the company’s strong progress towards profitability. Key achievements include:

• Gross Margin: Achieved 30.7% gross margin in the Auto business.
• Cash Flow: The Auto business became cash-generative, reporting ₹15 crore in cash flow from operations.
• Gigafactory: Commissioned a 2.5 GWh Gigafactory, with plans to scale up to 5.9 GWh by March.

BESS Business Expansion

Ola Electric expanded into the energy segment with the launch of Ola Shakti, a residential Battery Energy Storage System (BESS) product. The company anticipates significant revenue from this segment:

• Q4 FY26 Revenue: Expects approximately ₹100 crore in revenue, selling around 7,000-8,000 units.
• FY27 Revenue Target: Aims for ₹1,000 crore in revenue from the BESS business.

Motorcycle Sales and ASP

The company also shared details on its motorcycle sales and Average Selling Price (ASP):

• Motorcycle Mix: Motorcycle sales accounted for 12%-15% of the total volume in Q2.
• ASP Increase: The two-wheeler business ASP increased from approximately ₹121,000 to ₹131,000.

Future Outlook and Strategy

Ola Electric is focused on consolidating its operations, improving cost efficiencies, and launching new products. Key strategies include:

• Gross Margin Improvement: Expects gross margins of 36%-37% from Q4 FY26 onwards.
• Market Share Target: Aims to be one of the top 1-2 leading players with a market share of around 25%.

Warranty and Service

The company is actively working to improve its service network and address customer concerns:

• Defect Rates: Gen 3 products have almost half the defect rates compared to previous generations.
• Service Improvement: The Hyperservice initiative aims to make parts openly available and improve the service experience.

Source: BSE

Eternal Limited (formerly Zomato Limited) has received a GST demand order for INR 18.39 lakhs for the period of April 2018 to March 2019. The order, issued by the Deputy Commissioner, State Tax, Lucknow, includes interest and a penalty of an equivalent amount. The company intends to appeal the order, believing it has a strong case.

GST Demand Details

Eternal Limited has received an order confirming a GST demand of INR 18,39,310 for the period covering April 2018 to March 2019. The demand includes applicable interest and a penalty of INR 18,39,310. The order was received on November 7, 2025.

Basis of the Demand

The demand order pertains to the excess availment of input tax credit and includes both interest and penalty components.

Company Response

Eternal Limited believes it has a strong case on the merits and plans to file an appeal against the order with the appropriate authority. The company does not expect any financial impact.

Source: BSE

Petronet LNG has declared an interim dividend of ₹7.00 per share for the financial year 2025-26. The record date for determining the entitlement of members to the dividend is November 14, 2025. The dividend will be paid subject to tax deduction at source (TDS), and warrants will be dispatched within 30 days from the declaration date. This announcement was made on November 7, 2025.

Interim Dividend Details

Petronet LNG’s board has declared an interim dividend of ₹7.00 (Seven Rupees only) per share, based on the face value of ₹10 per share. This dividend is for the financial year 2025-26.

Record Date

The record date for ascertaining the entitlement of members to the interim dividend has been fixed as Friday, November 14, 2025.

Dividend Payment

The declared interim dividend is subject to tax deduction at source (TDS) as per the provisions of the Income Tax Act, 1961. The company will post the dividend warrants within 30 days from the declaration date, in compliance with the Companies Act, 2013.

Source: BSE

ZF Commercial Vehicle Control Systems India Limited has received a demand order for INR 465.9 lakhs from the Joint Commissioner, CGST and Central Excise, Jamshedpur. The demand pertains to the period from FY 2018-19 to FY 2022-23, primarily relating to the availment of excess/ineligible Input Tax Credit. The company intends to dispute the demand.

Demand Order Details

ZF Commercial Vehicle Control Systems India Limited received a demand order on November 7, 2025 from the Joint Commissioner, CGST and Central Excise, Jamshedpur. This order includes a demand of INR 4,65,90,929 under Section 74(1), a penalty of INR 4,65,90,929 under section 74(9), and applicable interest under section 50 of the Central Goods and Services Tax Act, 2017.

Financial Impact and Company Response

The demand order is related to the period covering FY 2018-19 to FY 2022-23 and arises primarily from issues concerning the availment of excess or ineligible Input Tax Credit. While the company acknowledges the receipt of this order, it believes that there is no material impact on its financial operations or other activities. ZF Commercial Vehicle Control Systems India Limited intends to dispute the demand.

Source: BSE

IIFL Finance reported a strong 52% quarter-on-quarter growth in profit after tax, reaching ₹418 crores. The growth was driven by the gold finance business, which achieved a record high AUM of ₹34,577 Cr. The company’s consolidated AUM grew by 35% year-on-year to ₹90,122 Cr. Management expects lower loan losses and provisions in the second half of the fiscal year, with overall credit costs projected between 2.8%-3% for the full year.

Financial Performance Highlights

IIFL Finance showcased robust financial results, with profit after tax before non-controlling interest reaching ₹418 crores, a significant increase of 52% quarter-on-quarter. Pre-provision operating profit stood at ₹1,033 crores, up 38% year-on-year and 23% quarter-on-quarter.

Asset Under Management (AUM) Growth

The company’s consolidated AUM experienced substantial growth, reaching ₹90,122 Cr, a 35% year-on-year increase and a 7% quarter-on-quarter rise. This growth was primarily fueled by the gold loan portfolio, which achieved a historical high of ₹34,577 Cr.

Segment Performance

Gold loans and home loans now constitute approximately 74% of the total AUM. Core product businesses, including home, gold, MSME, and micro loans, grew by 37% year-on-year, aggregating to ₹88,477 Cr, representing 98% of the total AUM.

Asset Quality and Credit Costs

Gross NPA showed marginal improvement, standing at around 2.1%, while net NPA is at 1.0%. Both are down by 21 basis points and 11 basis points, respectively, on a quarter-on-quarter basis. The company anticipates lower loan losses and provisions in the second half of the year. Loan losses provision for the full year is expected to be between 2.8%-3%.

Capital Adequacy and Liquidity

IIFL Finance maintains a strong balance sheet, with a computed capital adequacy of 28.2%. Liquidity for the group remained high, exceeding ₹8,000 crores. The net gearing stood at 3.6x, and the provision coverage ratio was 90%.

Strategic Developments

Mr. Girish Kousgi has been appointed as the new MD and CEO of IIFL Home Finance. Fitch has revised the rating outlook for IIFL’s international rating from stable to positive. The assigned loan book comprises around 34% of the overall AUM, standing at ₹18,607 Cr, which recorded a growth of 33% on a Y-o-Y basis and 24% on quarter-on-quarter basis. The co-lending book improved sharply to ₹11,848 Cr, up 40% Y-o-Y.

Source: BSE

Multi Commodity Exchange (MCX) has uploaded the audio recording of its conference call for investors and analysts, held on November 07, 2025, concerning the financial results for the quarter and half year ended September 30, 2025. The recording is now accessible on the company’s website. The transcript of the call will be available soon.

Conference Call Recording Available

Multi Commodity Exchange of India Limited (MCX) has announced that the audio recording of the investor and analyst conference call held on November 07, 2025, at 16:00 pm is now available on the company’s website.

Financial Results Discussion

The conference call covered discussions regarding the financial results for the quarter and half-year ended September 30, 2025 (Q2 FY26). Investors and analysts had the opportunity to engage with the management on the company’s performance during this period.

Website Availability

The audio recording can be accessed through the investor relations section of the MCX website.

Transcript to Follow

MCX also stated that the transcript of the conference call will be made available on the company’s website in due course, providing a written record of the discussions.

Source: BSE