Author: Neel Achary

AAEON’s 2026 Customer Satisfaction Survey Prize Winner Announced

Taipei, Taiwan – Aug 4:To help understand key market needs and maintain its customer-centric approach to delivering both high-quality products and efficient support for its customers, award-winning edge AI solutions provider AAEON (Stock Code: 6579) provides its customers with an annual satisfaction survey.

The questionnaire, which is a vital source of feedback regarding everything from the company’s product quality to its technical support and logistical efficiency, saw the company receive a 92.8% satisfaction rate among responders. Even with this positive outcome, AAEON continues to evaluate and improve its operations to achieve its goal of providing a world class, agile approach to addressing customer needs.

AAEON is delighted to announce that of the survey’s 113 entrants, one lucky customer will receive the grand prize of a Garmin Venu® 4 Advanced Health and Fitness GPS Smartwatch.

The winner of 2026’s grand prize is Ms. Tang of Suzhou Hailiko Automation Equipment Co., Ltd.

AAEON would like to thank all of its customers that took the time to complete the survey, as it grants valuable insight into how AAEON can provide customers with the best possible service. AAEON looks forward to continuing its push to innovate and bring industry-leading solutions to market going forward.

Citizens of Udaipur Invited to Join ‘Rang De Udaipur’ at Urban Square Mall to Paint One of the City’s Biggest Tricolour Canvases

Aug 04: Urban Square Mall will serve as the venue for Rang De Udaipur, a community-led campaign that invites citizens from across the city to collectively paint one of Udaipur‘s largest Indian tricolour installations. The completed 300-foot-long and 18-foot-high tricolour will be unveiled at Urban Square Mall on August 15, celebrating the city’s unity, creativity, and patriotism.

Began on August 3, citizens from all walks of life including students, resident welfare associations, educational institutions, business communities, healthcare professionals, artists, and families are invited to participate by contributing their brushstrokes to this one-of-a-kind public artwork. The tricolour will be assembled between August 11 and 14 before its grand unveiling on Independence Day.

More than an art installation, Rang De Udaipur is envisioned as a celebration of collective pride and participation, giving every citizen an opportunity to leave their mark on a shared symbol of the nation. Every brushstroke will represent the spirit of Udaipur and the values of unity, freedom, and togetherness that define Independence Day.

Speaking about the initiative, Nandini Taneja, CEO, Bhumika Enterprise, said, “Rang De Udaipur is a celebration of the people who make Udaipur special. Through this initiative, we hope to transform a simple act of painting into a shared expression of pride, unity, and patriotism. By inviting citizens from every walk of life to contribute to a single artwork, we aim to create not just a landmark installation, but a lasting memory of what our city can achieve when it comes together. We are delighted that Urban Square is serving as the venue for this community-led celebration and look forward to welcoming thousands of participants to be part of this unique tribute to the nation.”

The campaign has been conceptualised and is being led by Urban Skechers, one of Udaipur‘s most recognised community art groups, known for bringing together citizens through large-scale creative initiatives. Supported by a team of artists and volunteers, Urban Skechers will guide participants throughout the painting sessions and oversee the creation and installation of the landmark tricolour ahead of the Independence Day celebrations.

Ikonic Me Brings High-Speed Cleaning to Modern Barbers with the Sonic Jet Fan Dust Collector

Aug 4: Ikonic Me, a pioneer in modern self care innovation,launches Sonic Jet Fan Dust Collector, a cordless 2-in-1 high-speed air blower and powerful mini vacuum cleaner in one. Designed for hairstylists and barbers to instantly clear hair and residue from clippers and tools, it’s equally effective for home and tech users, pet owners, and even car interiors, it is the ultimate compact high-performance cleaning tool that easily blast dust from electronics or suck up hair with the rechargeable design and washable HEPA filter.

Available in grey colour, it has an extreme turbo power that helps experience instant, professional-grade cleaning. This compact device delivers a high-velocity air stream to blast away stubborn dust, debris and crumbs in seconds, both in blower and vacuum modes that cleans faster. Engineered for versatility, Ikonic Me Sonic Jet Fan Dust Collector features a complete precision nozzle kit with  Wide Nozzle for fast and general surface dusting and drying, a Narrow Crevice Nozzle for cleaning corners, keyboards and hard-to-reach spots, and a dedicated Vacuum Suction Nozzle designed to maximise suction for deeper cleaning. The device also offers customisable speed control, allowing users to adjust the airflow and suction intensity from Max to Min speed settings. For heavy debris, one can use it in high power while for delicate electronics go for low power. 

Further enhancing its functionality, Sonic Jet Fan Dust Collector includes a Washable HEPA-Grade Filtration System that traps fine particles such as dust, pet hair and ash. The reusable filter is designed to be highly effective and help remove 99.7% of airborne particles. Powered by up to 45 minutes of continuous runtime, it quickly recharges in approximately 2.5 hours through a universal fast USB-C charging port.

Speaking about the launch, Rayed Merchant, Director, SSIZ International Pvt. Ltd., said,

“At Ikonic Me, we continue to develop innovative solutions that combine performance with everyday convenience. The Sonic Jet Fan Dust Collector has been designed as a versatile cleaning tool that addresses a wide range of professional and personal cleaning needs. By combining high-speed airflow, precision vacuum functionality and a portable cordless design, it offers a convenient solution for maintaining workspaces and everyday essentials.”

As consumers increasingly look for compact, multifunctional devices that simplify everyday tasks, the Ikonic Me Sonic Jet Fan Dust Collector offers a practical solution designed for modern lifestyles, making everyday cleaning faster, smarter, and more convenient in one thoughtfully designed device.

Children’s Hospital Los Angeles Expert Shares E-Bike Safety Tips for Kids and Teens

In suburban neighborhoods and city streets across the U.S., electric bikes, or e-bikes, have seen a massive surge in popularity among children, adolescents, and adults.

While e-bikes may look similar to traditional bicycles, their internal electric motors enable them to reach high speeds of 28 miles per hour and in some cases more—comparable to the speed of a motorcycle. This can be convenient for travel and exciting for young riders, but can also lead to serious injuries if riders don’t follow the proper safety precautions.

Helen Arbogast, PhD, MPH, leads the Injury Prevention Program at Children’s Hospital Los Angeles. She has seen the number of e-bike-related injuries triple since last summer, with the largest number of crashes in kids ages 14 to 17 and increasing injuries among kids as young as 11 years old. She answers key questions about e-bike safety for families with kids or teens.

What are the most common e-bike injuries?

The most common injuries we’re seeing are the ones that are most jarring. They’re motorcycle-type injuries—concussions, fractures, internal traumas, traumatic brain injuries—that should not be the reality for young children.

The main reasons for these injuries are riding e-bikes at high speeds and riding in busy traffic. Many kids are not yet prepared to be riding e-bikes this fast in high-traffic areas, where accidents can easily occur. E-bikes are much heavier than traditional bicycles and are significantly harder for young riders to manage.

In June of 2025, we saw 10 kids with e-bike injuries at CHLA. In summer 2026, we’re seeing about one a day. At some hospitals in the South Bay, where e-bikes are especially common, doctors are seeing three to four times that number of injuries.

This is a growing problem, but there are many steps we can all take to address it.

At what age can kids ride e-bikes?

The Consumer Product Safety Commission- Opens in a new window advises that children under age 9 should not operate e-bikes, and children ages 9 through 12 should not operate any motorized product with a maximum speed higher than 10 miles per hour.

I always err on the side of safety, so I would recommend that no child below age 12 should be riding anything motorized. Some children are more mature and responsible at an earlier age than others, and parents know their kids best. But even the most responsible child under 16 does not have the skill set to traverse high-speed e-bikes around vehicles since they do not yet have driving experience and are not yet familiar with all road traffic safety rules.

Still, we know that e-bikes are common among middle schoolers and even elementary school-aged children. There’s a lot of peer pressure when kids have friends with e-bikes and they want one too. As a parent, you may have to make hard decisions about whether your child is ready for an e-bike.

How can kids ride e-bikes safely?

For families who choose to get e-bikes, there are a few important things to remember:

Start with a traditional bike. An e-bike should never be your child’s first bike. Your child should have lots of experience riding a traditional bicycle with adults and on their own before riding an e-bike.

Remember also that there’s a lot of peer pressure when kids have friends with e-bikes and they want one too, but as a parent, you may have to make hard decisions about whether your child is ready for an e-bike.

Learn the e-bike classification system. The 3-class system categorizes e-bikes by their speed and features, like whether they’re equipped with pedal assist technology only or have a throttle, like a motorcycle. It’s also helpful for parents to ride an e-bike themselves to better understand their weight and power, and to know which type would be best for their child.

Choose a helmet made for e-bikes. The law requires all e-bike riders 17 or younger to wear a helmet. But most families with e-bikes allow their children to use traditional bicycle helmets, which are only crash-tested up to 14 miles per hour. These helmets cannot withstand the crash forces that a child would encounter on a high-speed e-bike.

Instead, children need a helmet with an NTA 8776 certification, a safety designation developed specifically for e-bike riders. I also highly recommend a helmet equipped with MIPS, or multi-directional impact protection system. These helmets are crash-tested for speeds up to 28 miles per hour and can help prevent traumatic brain injuries in high-speed crashes. This applies to tandem riders on e-bikes too, who might sit behind their friends on a bike. Everyone should wear an NTA 8776 helmet when riding an e-bike.

Make sure your child can be seen. If your child rides in the evenings or near traffic, equip their e-bike with the proper lights and reflectors to ensure they are visible.

Avoid distractions while riding. Many e-bike accidents involve distractions—such as from phones or passengers. . If your friend is sitting behind you on your e-bike and talking in your ear or trying to show you a video on their phone while you’re riding, that is a recipe for disaster.

Ride with your child. Riding together helps your child learn the  rules of the road, how to judge speed and proximity of cars and pedestrians, and predict a driver’s move, which is an experience-based skill that takes time to develop.

Are there e-bike safety classes for kids?

Yes. CHLA’s Injury Prevention Program hosts e-bike safety events and bike rodeos at local schools, where kids can bring their bikes and learn safe riding practices. We also provide sample helmets and educational materials.

Families can also access online resources. Here in Southern California, cities like Huntington Beach, Manhattan Beach, and Redondo Beach, where we’re seeing the highest number of e-bike riders, are working with their local police departments to develop online safety trainings that teach young people about speed and road safety rules.

CHLA is also working with other trauma centers, health departments, and law enforcement to develop policies aimed at preventing e-bike accidents. For example, some high schools require students to complete an online safety course before they can park their e-bike on campus.

How can pedestrians avoid e-bike accidents?

Proximity and speed have everything to do with injury. If you’re encountering other people on e-bikes, move slowly or stay still to help prevent a collision. E-bikes are heavy and tricky to maneuver in tight spaces, so dense crowds are where collisions are more likely. It’s also important to be aware of what’s in your peripheral vision so you can see e-bikes approaching well in advance.

Avoiding distractions in areas with lots of motorized traffic is as important for pedestrians as it is e-bike riders. If you need to check a message on your phone, move to the edge of the street or sidewalk and stop, so you are not in the path of an e-bike or vehicle.

Awareness is the key to staying safe, and our team in Injury Prevention is doing all we can to make sure you have the right information to remain safe at all times.

Ahmedabad to Host NRAI’s Biggest-Ever 5th Food Delivery Summit, Bringing Together India’s Restaurant & Food Delivery Ecosystem

Hyderabad, Aug 4: The National Restaurant Association of India, the voice of the Indian restaurant industry, will host the fifth edition of the NRAI Food Delivery Summit on 20 August 2026 at The Forum – Hotel & Convention, Ahmedabad. Presented by Petpooja and supported by Coca-Cola, Janshakti, ITC Master Chef and Prasuma, the summit is set to be the largest edition in its history, bringing together over 5,000 restaurant owners,over 70 industry leaders, over 1,500 brands and delegates from over 30 cities across India. The summit will convene the country’s leading restaurateurs, food delivery platforms, technology providers, cloud kitchen operators, policymakers, investors and entrepreneurs to deliberate on the trends, innovations and opportunities shaping the future of India’s restaurant and food delivery ecosystem.

Centred around the theme “Automate to Dominate: Tech Powers Growth,” the summit will explore how AI, automation and digital technologies are transforming restaurant operations and food delivery. With India’s food services market projected to grow from nearly USD 90 billion in 2025 to USD 150 billion by 2030, restaurants are increasingly embracing technology to enhance customer experiences, improve operational efficiency and drive sustainable growth. Against this backdrop, Ahmedabad, with its thriving entrepreneurial ecosystem and rapidly evolving organised restaurant landscape, provides an ideal setting for industry leaders to discuss the business models, innovations and technologies shaping the sector’s next phase of growth.

Over the last four editions, the NRAI Food Delivery Summit has evolved alongside India’s rapidly transforming restaurant and food delivery ecosystem. Launched in Mumbai  with a focus on cloud kitchens during the post-pandemic recovery, the summit expanded in Pune  to examine the evolving delivery economy and food aggregators, while Bengaluru  spotlighted technology, automation and sustainability. New Delhi  shifted the conversation towards innovation, collaboration and the future of food delivery. Building on the momentum of these four successful editions, the fifth edition in Ahmedabad will centre on “Automate to Dominate: Tech Powers Growth,” bringing together industry leaders to explore how AI, automation and digital technologies are shaping the next phase of growth for India’s restaurant and food delivery ecosystem.

Sagar Daryani, President, National Restaurant Association of India  and CEO & Co-founder, Wow! Momo Foods, said,

 “India’s food delivery ecosystem has evolved significantly over the past few years, creating new opportunities for restaurants while also introducing new operational and business complexities. As the industry enters its next phase of growth, it is essential for restaurant operators, technology partners and ecosystem stakeholders to come together, exchange perspectives and collectively shape solutions that drive sustainable growth. The fifth edition of the NRAI Food Delivery Summit builds on the momentum of previous editions by creating a platform to discuss how AI, automation and technology can enable restaurants to become more efficient, resilient and future-ready.”

Chef Aanal Kotak, Chapter Head, NRAI and Founder, The Secret Kitchen (India & Global), said,

 “Gujarat has always had a strong entrepreneurial culture, and over the years Ahmedabad has evolved into one of the country’s most vibrant food destinations, with a restaurant ecosystem that continues to innovate and cater to changing consumer preferences. Hosting the fifth edition of the summit here reflects the city’s growing importance within India’s food and hospitality landscape. We look forward to welcoming industry leaders from across the country for meaningful discussions that will help shape the future of restaurants and food delivery in India.”

The summit will feature keynote addresses, panel discussions, fireside conversations and networking sessions led by some of the most influential voices from India’s restaurant and food service ecosystem, including Mr. Sagar Daryani, President, NRAI and CEO & Co-Founder, Wow! Momo Foods; Mr. Pranav Rungta, Vice President, NRAI and Founder & Director, Churchgate Hospitality Pvt. Ltd.; Ms. Aanal Kotak, Chapter Head, NRAI Ahmedabad – Founder, The Secret Kitchen ; Mr. Sameer Khetarpal, Managing Director & CEO, Jubilant FoodWorks Ltd.; Mr. Ankit Chona, Managing Director & Founder, Hocco Ice Creams; Mr. Ankush Grover, Global CEO, Rebel Foods; Mr. Zorawar Kalra, Vice President, NRAI and Restaurateur; Mr. Gurpreet Singh Tikku, Founder, Mister Tikku; and Mr. Gaurav Kanwar, Founder & CEO, Harajuku Tokyo Café, among other industry leaders. Discussions will explore AI-driven transformation, evolving consumer behaviour, operational excellence, entrepreneurship, emerging business models and the innovations shaping the future of India’s restaurant and food delivery ecosystem.

Champion Mirabai Chanu Unveils MMTC-PAMP’s ‘Virasat’ Recycled Gold Coin to Celebrate India’s 80th Year of Independence

New Delhi, Aug 04: Marking the 80th year of India’s Independence, MMTC-PAMP, India’s only London Bullion Market Association (LBMA) Good Delivery gold and silver refiner, today officially launched ‘Virasat– Celebrating 80th Year of India’s Independence,’ a limited-edition 10g commemorative gold coin crafted entirely from 999.9+ pure recycled gold, at Taj Mansingh, New Delhi. The coin was unveiled by Champion Mirabai Chanu, Olympic silver medallist and three-time Commonwealth Games gold medallist, who also became the first recipient of the commemorative edition in recognition of her extraordinary contribution to Indian sport and her role in inspiring millions of Indians.

Fresh from creating history by becoming the first Indian weightlifter to win three consecutive Commonwealth Games gold medals, Mirabai Chanu embodies the spirit of resilience, perseverance and excellence that has shaped India’s journey over the last eight decades. By presenting the inaugural Virasat coin to one of India’s most celebrated sporting icons, MMTC-PAMP pays tribute not only to the nation’s achievements but also to the individuals whose dedication continues to elevate India’s standing on the global stage.

Crafted in 10 grams of 999.9+ fine (24K) recycled gold, the coin features a premium minted finish and is presented in MMTC–PAMP’s tamper-proof packaging with certified purity authentication. Limited to only 8,000 pieces, the exclusive edition coin will be available through MMTC-PAMP retail stores, authorised channel partners and the company’s website.

Speaking on the occasion, Mr. Samit Guha, Managing Director & CEO, MMTC-PAMP said, ” As India celebrates the 80th year of Independence, Virasat is our tribute to a nation that continues to inspire the world through its resilience, innovation and achievements. We are honoured to present the first Virasat commemorative coin to Mirabai Chanu, whose remarkable journey embodies the determination and excellence that define modern India. Just as MMTC-PAMP is committed to building a more responsible and self-reliant precious metals ecosystem through sustainable practices such as gold recycling, Mirabai‘s relentless pursuit of excellence reflects the same spirit of commitment and dedication towards the nation. Through Virasat, we celebrate not only India’s glorious past but also the people who continue to shape its future.” 

The launch reflects MMTC–PAMP’s commitment to responsible sourcing while supporting the Government of India’s broader efforts to reduce dependence on imported gold, conserve foreign exchange, and advance the Hon’ble Prime Minister’s vision of Aatmanirbhar Bharat.

India remains one of the world’s largest consumers of gold and imports over 90 per cent of its annual requirement. As demand for precious metals continues to rise, responsible recycling has emerged as a critical pillar in building a resilient and self-reliant ecosystem. By refining and reintroducing existing gold into the formal economy without compromising purity or quality, MMTC-PAMP is helping create a more sustainable supply chain while reducing dependence on imports. India’s gold imports touched nearly US$72 billion in FY2025-26, highlighting the growing importance of strengthening domestic recycling infrastructure.

The launch of Virasat further reinforces MMTC–PAMP’s long-term commitment to creating an organised ecosystem for precious metals recycling in India. The company currently operates 17 gold recycling stores across the country and continues to expand responsible recycling infrastructure to make recycling more accessible and transparent.

Earlier this year, MMTC-PAMP also introduced the industry’s first organised buyback programme for silver coins, bars and jewellery across select retail stores in India. The initiative enables consumers to securely sell their silver holdings through an organised channel while encouraging recycling and supporting a more circular economy for precious metals.

As India enters its ninth decade of Independence, Virasat– Celebrating 80th Year of India’s Independence stands as a timeless tribute to the nation’s remarkable past, dynamic present and sustainable future. More than a commemorative collectible, the coin celebrates the enduring values of resilience, innovation and responsibility that continue to define India’s progress.

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Olive Hospitality Opens Four New Hotels, Enters North India with Gurugram Launch

Aug 03: Olive Hospitality, the hospitality platform of Embassy Group, today announced the opening of four new hotels across Hyderabad, Gurugram, Visakhapatnam and Bengaluru. The launches add 165 operational keys to the portfolio, taking the company’s operating footprint to 67 hotels while marking Olive’s entry into North India through its first property in Gurugram.

With these openings, Olive now operates 67 hotels comprising 2,599 keys, while its signed portfolio has grown to 142 properties representing 5,641 keys across 24 cities. The latest additions reflect Olive’s continued focus on building density within India’s strongest commercial corridors while selectively expanding into new markets with long-term demand fundamentals.

The Gurugram opening represents an important milestone for the company as Olive enters North India for the first time. Located close to Golf Course Extension Road and Cyber City, the property establishes a strategic foothold in one of India’s largest corporate markets and provides a platform for future expansion across the NCR region.

The newly launched hotels are strategically located within some of India’s fastest-growing commercial ecosystems:

·         Olive Hi-Tech City strengthens the company’s presence in Hyderabad’s technology corridor, with convenient access to HITEC City, Madhapur, Gachibowli and the Financial District.

·         Olive Gurugram establishes Olive’s first presence in North India, serving one of the country’s largest business and corporate travel markets.

·         Olive JP Nagar further consolidates Olive’s footprint in Bengaluru, with excellent metro connectivity and proximity to the Bannerghatta Road business corridor.

·         Olive Visakhapatnam expands the brand into one of Andhra Pradesh’s thriving business, healthcare and tourism destinations.

Commenting on the expansion, Kahraman Yigit, Co-founder and CEO, Olive Hospitality, said: “These openings represent another important milestone in our journey and reflect the commitment of our team, our owners and our partners. Following the successful launch of India’s first Spark by Hilton hotels earlier this year, it’s encouraging to see our multi-brand platform continue to execute across different markets and customer segments.”

He added, “While our first opening in Gurugram marks an exciting step into North India, our broader strategy remains consistent. We will continue to grow thoughtfully in India’s strongest business corridors, focusing on markets where we believe we can create long-term value for both our hotel owners and our guests. As we scale, our priority remains building a technology-enabled operating platform that combines operational excellence with a consistently high-quality guest experience.”

These openings build on Olive Hospitality’s momentum during the first half of the year, including the successful launch of India’s first Spark by Hilton hotels in Bengaluru and Goa. Together, they continue Olive’s evolution into a multi-brand hospitality platform spanning Olive Hotels, Spark by Hilton and Open Hotels. As the portfolio grows, the company remains focused on disciplined execution, operational excellence and creating long-term value for its owners, partners and guests.

Sundaram Finance disbursements grew by 22% to Rs. 8,947 crores in Q1FY27

Aug 03: The Board of Directors of Sundaram Finance Ltd. (SFL) approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, at its meeting held on August 3, 2026, in Chennai. 

“Q1FY27 opened with stronger demand than Q1FY26, despite a more complex macro backdrop marked by West Asia tensions, higher energy and commodity prices, supply-chain disruption and monsoon uncertainty. In this environment, Team Sundaram delivered 17% AUM growth to Rs. 62,275 crores, improved asset quality with net stage 3 assets at 0.88% against 1.08% last year, and 22% year-on-year growth in profit after tax. Our Group companies in asset management, general insurance and home finance continued to report strong results. We remain committed to our time-tested approach of steady, sustainable growth, best-in-class asset quality and consistent profitability,” said Harsha Viji, Executive Vice Chairman.

AUM for Q1FY27 grew 17% to Rs. 62,275 crores. Disbursements for Q1FY27 recorded a growth of 22% over Q1FY26. Gross stage 3 assets as on June 30, 2026, stood at 1.71% with provision cover of 49% as against 1.91% as on June 30, 2025, with provision cover of 44%. Profits from operations performed strongly, growing by 37% in Q1FY27. Profit after tax registered a 22% rise in Q1FY27, with net profit at Rs. 522 crores. Return on assets closed at 3.06% in Q1FY27 as against 2.91% for Q1FY26, and capital adequacy at 18.5% remained quite comfortable.

 Rajiv Lochan, Managing Director, stated, “Q1FY27 has been an encouraging quarter, with Sundaram Financedelivering stronger growth, improved asset quality and resilient profitability. The operating environment is turning more supportive for growth, even as key external monitorables such as geopolitical uncertainty and monsoon shortfalls remain. With our strong franchise, disciplined execution and customer-focused approach, Team Sundaram is well-positioned to deepen its presence and gain market share across the businesses in which we operate.”

 STANDALONE PERFORMANCE HIGHLIGHTS FOR Q1FY27 

·       Disbursements for Q1FY27 grew by 22% to Rs. 8,947 crores as compared to Rs. 7,310 crores registered in Q1FY26.

·       The assets under management grew by 17% to Rs. 62,275 crores as on 30^th June 2026 as against Rs. 53,278 crores as on 30^th June 2025.

·       Net interest income (NII) grew by 19% to Rs. 925 crores in Q1FY27 from Rs. 781 crores in Q1FY26.

·       Gross stage 3 assets as on 30^th June 2026 stood at 1.71% with 49% provision cover as against 1.91% with provision cover of 44% as on 30^th June 2025. Net stage 3 assets as on 30^th June 2026 closed at 0.88% as against 1.08% as on 30^th June 2025.

·       The Gross and Net NPA, as per RBI’s asset classification norms for NBFCs, are 2.28% and 1.35% respectively as against 2.66% and 1.71% as of 30^th June 2025.

·       Cost to income ratio was at 30.70% in Q1FY27 as against 29.84% in Q1FY26.

·       Profits from operations grew 37% to Rs. 598 crores in Q1FY27 as against Rs. 436 crores in Q1FY26.

·       Profit after tax registered a growth of 22% rise in Q1FY27, with net profit at Rs. 522 crores as against Rs. 429 crores in Q1FY26.

·       Return on assets (ROA) for Q1FY27 closed at 3.06% as against 2.91% for Q1FY26. Return on equity (ROE) was at 17.69% for Q1FY27 as against 16.70% for Q1FY26.

·       Capital Adequacy Ratio stood at 18.5% (Tier I –16.9%) as of 30th June 2026 compared to 20.0% (Tier I – 17.3%) as of 30th Jun 2025. 

 CONSOLIDATED PERFORMANCE HIGHLIGHTS FOR Q1FY27 

The consolidated results of SFL include the results of its standalone subsidiaries Sundaram Home Finance, Sundaram Asset Management and joint venture company Royal Sundaram General Insurance.

·       The assets under management (AUM) in our lending and general insurance businesses stood at Rs. 92,887 crores as on 30^th June 2026 as against Rs. 80,939 crores as on 30^th June 2025, a growth of 15%. The assets under management of our asset management business stood at Rs. 90,089 crores as on 30^th June 2026 as against Rs. 80,501 crores as on 30^th June 2025.

·       Profit after tax for Q1FY27 grew by 34% to Rs. 636 crores as compared to Rs. 475 crores in Q1FY26.

GROUP COMPANY PERFORMANCE HIGHLIGHTS

Our group companies continued to perform well.

The asset management business closed the quarter ended 30^th June 2026 with assets under management of Rs. 90,089 crores (around 80% in equity) and consolidated profits from the asset management businesses were at Rs. 51 crores as against Rs. 45 crores in Q1FY26.

Royal Sundaram reported a Gross Written Premium (GWP) of Rs. 1,380 crores as compared to Rs. 1,289 crores in the previous year, representing a growth of 7%. The company reported a profit after tax of Rs. 135 crores for Q1FY27 as against a profit of Rs. 127 crores in Q1FY26. 

Sundaram Home Finance disbursements grew by 10% to Rs. 1,643 crores in Q1FY27. The profit for Q1FY27 was Rs. 85 crores, as against Rs. 62 crores in Q1FY26. Gross stage 3 assets as on 30^th June 2026 stood at 1.42% as against 1.63% as on 30^th June 2025. Net stage 3 assets as on 30^th June 2026 closed at 0.69% as against 0.96% as on 30^th June 2025. The Gross and Net NPA, as per RBI’s asset classification norms, are 1.50% and 0.75% respectively as against 1.94% and 1.20% as of 30^th June 2025.