Category Archives: Business

Subhan Bakery Brings Timeless Tastes to Secunderabad with New Café in Sindhi Colony

Hyderabad, November 8, 2025:Subhan Bakery, Hyderabad’s most cherished name for iconic treats like Osmania biscuits and Dum-ke-Roat, officially inaugurated its New Bakery & Café in Sindhi Colony, Secunderabad.

The grand opening ceremony was graced by the presence of Mrs Rasool Bee Sahiba and Shri Talasani Srinivas Yadav, Hon’ble MLA. They were joined by **Syed Irfan, Managing Director of Subhan Bakery, and Syed Luqman, alongside an enthusiastic gathering of devoted patrons and well-wishers.

Known for its authentic Hyderabadi flavors and commitment to high-quality craftsmanship, Subhan Bakery has been a household favorite for generations. The new café aims to bring its signature taste, warm service, and the unique charm of Hyderabad’s baking culture closer to food lovers across the twin cities.

“We are thrilled to open this beautiful new space for our customers,” said Syed Irfan, Managing Director, Subhan Bakery. “It is more than just a bakery; it is a celebration of tradition, family, and the immense love that Hyderabad has shown us over the years.”

Guests at the opening enjoyed Subhan’s beloved signature bakes within a lively, modern setting that successfully blends nostalgia with a fresh aesthetic. The new outlet promises to uphold the same authenticity and warmth that have defined the brand for more than seven decades.

Established as a cornerstone of Hyderabad’s culinary landscape, Subhan Bakery is famous for pioneering the original Osmania biscuit and other traditional Hyderabadi confectionaries. The brand remains dedicated to preserving authentic recipes while offering exceptional quality and service to its community.

VST Tillers Tractors Ltd posted 26% growth in the revenue for the half year ended 30th September 2025

Bengaluru, November 8, 2025: VST Tillers Tractors Limited (VST), India’s leading farm equipment manufacturer, announced its financial results for the quarter and half year ended September 30, 2025, showcasing continued growth momentum and operational resilience.

Quarter ended September 30, 2025 (Q2 FY2025-26):

· Revenue from Operations: ₹315.15 crore as against ₹283.43 crore in Q2 FY2024-25 – an increase of 11.2% YoY.

· Operational EBIDTA: ₹41.16 crore as against ₹37.79 crore in the corresponding quarter of the previous year.

· Net Profit: ₹25.43 crore as against ₹44.93 crore in the corresponding quarter of the previous year. The decline in net profit is primarily due to lower fair value gains on investments. Excluding fair value gain/(loss), the net profit for the quarter would be ₹27.70 crore as compared to ₹24.35 crore.

Half Year ended September 30, 2025 (H1 FY2025-26):

· Revenue from Operations: ₹597.60 crore as against ₹474.02 crore in H1 FY2024-25 – up by a strong growth of 26.1% YoY.

· Operational EBIDTA: ₹78.66 crore as against ₹51.17 crore in the corresponding quarter of the previous year.

· Net Profit: ₹69.99 crore as against ₹67.78 crore last year. The net profit was impacted by lower fair value gains during H1 FY26. Excluding fair value gains/losses), the net profit for H1 FY26 would be ₹48.47 crore compared to ₹28.20 crore in H1 FY25.

VST Tillers Tractors Limited (VST) is India’s leading farm equipment manufacturer. VST was established in the year 1967 by the VST Group of companies. With a legacy of more than 55 years, VST continues to drive farm mechanization and empowerment of Indian farmers. The organization is the largest Indian manufacturer of Tillers, and 4WD Compact Tractors, and amongst the leading producers of the other category of Tractors, Engines, Transmission, Power Reaper, and Precision Components. VST also exports products to European, Asian, and African markets. For more details, please visit https://www.vsttractors.com/

PVR INOX Offers 50 Percent Discount for Patna Voters to Celebrate Civic Spirit

By:  Mr. Gautam Dutta, CEO Revenue & Operations, PVR INOX

“Every vote strengthens our democracy, and we are proud to play a small part in encouraging citizens to step out and cast their vote. To celebrate this civic spirit, PVR INOX is delighted to offer a special 50% discount on movie tickets for all voters in Patna who show the indelible ink mark on their finger. The offer will be valid on 6th and 7th November 2025 at INOX City Centre and Ashok INOX, KP Mall, for tickets bought at the box office counters.

We ran this initiative last year as well, and the positive response from moviegoers was heartening. This time too, we hope to see Patna’s voters turn up in large numbers at the polling booths and then at our cinemas to enjoy a well-earned movie break. Voting and entertainment can go hand in hand when the goal is a more aware and active community.”

Workday Completes Acquisition of Sana

Mumbai, November 8, 2025 — Workday, Inc. (NASDAQ: WDAY), the enterprise AI platform for managing people, money, and agents, announced it has completed its acquisition of Sana, a leading AI company building the next generation of enterprise knowledge tools. The addition of Sana will make Workday the new front door for work – bringing a company’s most critical applications and insights into Workday’s platform, enabling employees to start and complete their day in Workday — without needing to switch contexts.

“By bringing Sana’s leading enterprise knowledge and learning to Workday, we’re creating a single, intelligent interface that connects the systems, data, and actions employees rely on — becoming the new front door for work,” said Gerrit Kazmier, president, product and technology, Workday. “We’re unlocking a new era of productivity, focus, and flow across our customers’ organizations with a complete AI solution for the next-generation enterprise.”

“Sana exists to build the UI for AI and bring superintelligence to work,” said Joel Hellermark, CEO, Sana. “Joining Workday means we can drastically accelerate our vision and together create a seamless way for organizations to access knowledge, automate repetitive work, and learn with agentic AI.”

The New Front Door for Work: An AI-Native Employee Experience

With Sana’s leading enterprise knowledge and Workday’s unique data and context around people and money – as well as a rich ecosystem of builders and partners – Workday is establishing a horizontal intelligence layer across the enterprise. This layer will unify data and workflows from across applications and platforms, providing a consistent, AI-powered experience where knowledge, data, and actions converge. The work experience will become more personalized and proactive, intelligently anticipating employee needs based on their role, team, and project.

Launching next year, this transformative experience will become the home base for work and empower employees with AI agents that provide access to tailored information, anticipate needs before they arise, and take action across a company’s most critical systems.

Unlocking a New Era of Enterprise AI and Learning

Sana Agents extends enterprise AI beyond basic search and chat. Users can use the platform’s no-code agent builder to create AI agents grounded in organizational data that accelerate work by automating repetitive workflows, analysing data, and acting proactively on their behalf.

Sana Learn brings learning management, analytics, content generation, and personalised tutoring into an end-to-end AI-native learning platform. Sana Learn will complement Workday Learning’s robust learning system of record, governance, and compliance capabilities. Together, Sana Learn and Workday Learning provide a holistic, enterprise-grade learning suite designed for an AI-first world.

Intellect Reports 34 Percent YoY Revenue Growth and 68% EBITDA Jump in Q2 FY26

Intellect Delivers Consistent Growth Momentum with 34% YoY Revenue Increase to INR 789 Cr and 68% Surge in EBITDA to INR 184 Cr in Q2 FY26

Chennai/New Delhi, 07th November, 2025: Intellect Design Arena Ltd, a global leader in enterprise-grade financial technology, today announced its Q2 FY26 results, reporting strong growth across revenue, profitability, and platform adoption.

Financial Highlights Q2 FY26

• Revenue: ₹789 crore, up 34% YoY, driven by flagship platforms eMACH.ai and Purple Fabric.

• EBITDA: ₹184 crore, up 68% YoY.

• Profit After Tax (PAT): ₹102 crore, up 94% YoY.

• License-Linked Revenue: ₹423 crore, up 69% YoY.

• Platform Revenue: ₹137 crore, up 200% YoY.

• Annual Recurring Revenue (ARR): ₹1,080 crore, up 53% YoY from H1 FY25.

• Cash & Cash Equivalents: ₹927 crore, up from ₹755 crore in Q2 FY25.

• Collections: ₹753 crore (vs ₹550 crore in Q2 FY25).

• Deal Funnel: Exceeds ₹12,000 crore, demonstrating strong growth visibility.

For H1 FY26, total income reached ₹1,523 crore (+26% YoY), EBITDA was ₹360 crore (+46% YoY), and PAT stood at ₹197 crore (+55% YoY).

Leadership Perspective
Arun Jain, Chairman and Managing Director, said:
“Q2 was marked by strong execution and platform synergy. Our 34% YoY growth underscores global institutions’ confidence in the combined power of eMACH.ai for composable transformation and Purple Fabric for governance-first Business Impact AI. With accuracy, traceability, and open architecture at the core, we are helping financial institutions modernize with lower risk and higher velocity. This performance validates our strategic investments and reinforces confidence in a robust pipeline and future growth trajectory.”

Suraj Prasad, Chief Financial Officer, added:
“Our disciplined execution and financial resilience position us to continue scaling AI-led digital transformation globally. Strong cash reserves enable strategic investments in innovation, automation, and talent, ensuring sustainable growth.”

Platform Highlights

• eMACH.ai: Intellect’s intelligent open finance platform continues to redefine global financial transformation. Built on 386 microservices, 2,015 APIs, and 650 pre-integrated events, it powers agility and modernization across banking and financial enterprises. Q2 saw 15 strategic eMACH.ai-led deal wins, including 10 multi-million-dollar Destiny Deals and 19 digital transformations spanning Europe, Africa, North America, and Mauritius. Key deployments include virtual accounts for a leading European bank, digital payments modernization in Africa, corporate treasury transformation in the U.S., and lending solutions across five African countries.

• Purple Fabric: The world’s first Open Business Impact AI platform expanded its footprint across the U.S., South Africa, and India’s GIFT City. Launches included PF Credit (AI-driven lending experts) and PF Cloud at GIFT City. During the quarter, the platform secured a multi-million-dollar Destiny Deal with a U.S. national casualty insurance provider, along with two additional strategic wins and three digital transformations, accelerating decision-making, operational efficiency, and regulatory compliance for clients.

Industry Recognition

• Received The Economic Times ‘Making AI Work’ Award 2025 for pioneering AI initiatives in financial services.

• Awarded the National AI Award 2025 for multi-agent AI deployment for a UK wealth management client through Purple Fabric, enhancing speed and compliance aligned with FCA Consumer Duty standards.

Leadership Appointments & Infrastructure Expansion

• Vivek Gupta appointed President & Global Head of Consulting, to lead Intellect Consulting across growth, simplification, and innovation using eMACH.ai and Purple Fabric.

• Rakesh Srivastava appointed President & Chief Revenue Officer for the Americas, driving expansion in the U.S., Mexico, and South America.

• Investment in a 7.25 lakh sq. ft. facility at Siruseri, housing Purple Fabric AI Lab & Academy and eMACH.ai Lab & Academy, along with residential learning and collaboration spaces to accelerate innovation and co-creation.

Intellect’s strong Q2 FY26 performance, backed by platform-led growth, global expansion, and strategic investments, positions the company for sustained growth and continued leadership in AI-driven financial technology.

Zomato and Blinkit Launch Nationwide Drive to Help Delivery Partners Access Govt Welfare Schemes

Zomato, Blinkit Kick Off Nationwide Drive to Enable Delivery Partners’ Access to Government Welfare Schemes

Bengaluru, 07th November, 2025: Eternal companies Zomato, India’s food ordering and delivery platform, and Blinkit, a quick commerce platform, in collaboration with Haqdarshak, organised the first in a series of Government Scheme Facilitation Camp in Bengaluru. The initiative aims to enable delivery partners to access critical central and state government welfare schemes. The event was graced by the esteemed presence of Dr. G Manjunath, Additional Labour Commissioner, Government of Karnataka, as Chief Guest.

Since its launch in April 2025, this initiative has felicitated registrations for over 6,000 delivery partners across India under various government welfare schemes unlocking more than INR 150cr in entitlements. The Bengaluru camp helped an additional 280+ delivery partners enroll for relevant central and state government schemes, taking the number of Bengaluru- based delivery partners enrolled to more than 1,000 to date.

Delivery partners have expressed greater interest in schemes like Pradhan Mantri Jan Arogya Yojana (health insurance), Ration cards, e-Shram (centralized database of Unorganized Workers), Pradhan Mantri Jeevan Jyoti Beema Yojana (life insurance), Pradhan Mantri Suraksha Bima Yojana (personal accidental insurance) and Karnataka State Gig Workers Insurance Scheme. A growing number of partners are now opting for multiple coverages combining health insurance, personal accidental insurance and life insurance, reflecting a growing preference for layered protection.

Speaking at the event, Anjalli Ravi Kumar, Chief Sustainability Officer, Eternal, 

“Delivery partner wellbeing has been at the heart of everything we do at Eternal. This, a first of many, Government Scheme Facilitation Camp has been critical in bridging the gap between delivery partners and the government welfare schemes that safeguard their and their family’s futures. We’re also constantly learning and evolving our outreach effort with our facilitation partner – Haqdarshak. For example, we’ve seen that women and PwD delivery partners are more keen on registering for these benefits, revealing the need to enable multi-channel access to these schemes so they are truly accessible for all. We look forward to working closely with Central and State ministries to scale this effort and create lasting impact across the country.”

Umavati, who has been a Zomato delivery partner for over three years, shared,

 “I was able to register for benefits like Ayushman Bharat, pensions and the e-Shram card. These will prove very helpful for me and my family and have given me a sense of security and stability. The Government Scheme Facilitation Camp organised by Zomato and Blinkit made the process simple and easy to understand and I encourage other delivery partners to make use of such camps as well.”

Manoj Joshi, Vice President, Product at Haqdarshak, said,

“Our collaboration with Zomato and Blinkit is making welfare schemes accessible at scale. Through Haqdarshak’s digital platform and eligibility screening engine, we’re simplifying benefit access for delivery partners, combining technology with human support. We’ve observed that delivery partners want comprehensive protection that bundles health, accident and life insurance. These camps are also raising awareness about schemes that support the wellbeing of delivery partners, a growing segment of India’s gig workforce. Together with Zomato and Blinkit, we will continue building scalable social security access  for gig workers.”

In the coming weeks, Zomato and Blinkit along with Haqdarshak will be hosting Government Scheme Facilitation Camps in Mumbai, Pune and Delhi.

This initiative is a part of Eternal’s broader efforts to ensure delivery partners’ wellbeing including – 24/7 SOS ambulance services available in over 800 cities, accidental insurance, assistance with income tax filing among others. Eligible women delivery partners also have access to maternity benefits.

Microfinance Lending Shows Strong Signs of Recovery Amid Continued Portfolio Moderation: CRIF High Mark MicroLend Report

Kolkata , 6th November 2025: CRIF High Mark, a leading credit bureau in India, has released the latest edition of its quarterly publication MicroLend, highlighting the continuous cautious yet improving credit environment as of September 2025. While the overall Gross Loan Portfolio (GLP) continued to moderate, delinquencies and origination quality trends point toward improving asset health and better portfolio management across lenders.

As of September 2025, the industry’s GLP stood at ₹3.46 lakh crore, reflecting a 16.5% year-on-year and 3.8% quarter-on-quarter decline. However, the value of loans disbursed rose 6.5% QoQ, indicating a shift toward higher ticket sizes and lending to seasoned borrowers.

Portfolio quality showed notable improvement, with PAR 1–180 days past due (DPD) improving to 5.99%, a 1.07% QoQ decline. DPD buckets (PAR 1–30 and PAR 31–90) eased across most lender types

Highlighting key trends:

• NBFC-MFIs continued to dominate originations value, accounting for 41.6% of total disbursement value in Q2 FY26, followed by Banks (31.2%), Small Finance Banks (14.5%) and NBFCs (12.7%).
• Loans in the ₹50,000–₹1 lakh segment accounted for the majority of disbursements, while loans above ₹1 lakh doubled their share YoY to 15%, driven largely by banks and NBFCs.
• Borrower exposure to up to three lenders rose from 83.1% to 91.2% between Sep’24 and Sep’25, reflecting adherence to the guardrails cap —limiting borrowers to a maximum of three lenders.
• As of Sep’25, borrowers with aggregate portfolio exposure up beyond ₹2.0 lakh (Guardrails threshold) accounted for just 2.3% of the overall industry, reducing from 5.1% as of Sep’24

Commenting on the findings, Sachin Seth, Chairman – CRIF High Mark Credit Bureau (CIC) Regional Managing Director, CRIF India & South Asia, said: “The microfinance sector continues to demonstrate its resilience, with lenders showing prudence in customer selection and credit underwriting. The steady rise in ticket sizes and increased lending to experienced borrowers reflect a maturing credit ecosystem that is balancing growth with sustainability. As institutions leverage data-driven insights to assess borrower behavior, we expect the next few quarters to see more calibrated expansion backed by stronger asset quality.”

The MicroLend report is CRIF High Mark’s quarterly publication that provides data-driven insights into India’s microfinance ecosystem, tracking key performance metrics such as portfolio trends, delinquencies, borrower exposure, and lender behavior.

Nasscom Foundation and ONDC Empower 200 Women-Led Enterprises in Karnataka for E-Commerce Success

November 05 2025, Bengaluru: In a step bringing women entrepreneurs into the mainstream of e-commerce, Nasscom Foundation and ONDC Network launched an initiative focused on women-led enterprises in Karnataka. Through this initiative, 200 enterprises were on-boarded on ONDC Network, providing them with the access to expansive e-commerce markets, enabling new entrepreneurial opportunities and accelerating business growth for India. With a focus on sustainability, the initiative also supported sellers from sectors such as handicrafts, handloom and manufacturing, helping them increase incomes and improve long-term business outcomes.

Jyoti Sharma, CEO, Nasscom Foundation commented, “India’s e-commerce market is slated to surpass the US to become the second-largest globally by 2034, as per many industry reports. Yet, many small and medium sellers still lack the digital expertise needed to thrive in this space, limiting their growth opportunities, a scenario which is more skewed for women. Our collaboration with ONDC Network has helped bridge the digital divide by building capacities and empowering 200 women entrepreneurs to seamlessly enter and thrive in online marketplaces. By harnessing technology and skill development, we have provided them with a level playing field and access to sustainable market linkages to ultimately drive economic growth.”

Implemented across 22 districts of Karnataka including rural and urban regions of Bengaluru, Mysuru, Hubballi, Channapatna, Belgaum, Udupi etc., the initiative addressed the significant challenges faced by women entrepreneurs including limited market access, lack of digital and financial skills and no prior e-commerce experience. Women entrepreneurs received on-ground support through training, cataloguing and GST registration. The program also built their capacities, connected them with stakeholders, and ensured regular governance for problem-solving and quality control. Through the right tools, skills and resources, the initiative equipped women entrepreneurs with essential tools to compete in the modern business landscape, amplifying their market presence and driving sustainable growth.

Vibhor Jain, Acting CEO and COO at ONDC said: “Every woman entrepreneur carries a story of resilience, determination and aspiration. Through this collaboration with Nasscom Foundation, ONDC Network is providing the digital infrastructure that enables enterprises to access wider markets and strengthen their businesses. The true transformation lies in the way these women are adopting digital tools, building new skills and embracing new opportunities to grow their ventures. As they succeed, they not only create a stronger future for themselves but also generate positive impact for their families, communities and the broader economy. Together with Nasscom Foundation, we are committed to supporting this journey and contributing to a more inclusive digital landscape for India.”

Through this effort, Nasscom Foundation and ONDC Network, in collaboration with the technical expertise from Sattva Consulting, created a self-sustaining ecosystem that empowered women entrepreneurs, strengthened local economies, and facilitated ease of business.

Vanguard launches Hyderabad Technology Center to drive global digital transformation and talent development

November 04, 2025: Vanguard celebrated the official launch of its Global Technology Center in Hyderabad, marking a significant milestone in the firm’s technology transformation. The new office reflects Vanguard’s recognition of India as a strategic center for innovation, talent development, and digital transformation. The Hyderabad office will serve as a hub for engineering excellence, cloud modernization, data analytics, artificial intelligence and machine learning, and cybersecurity. It will also feature collaborative labs designed to accelerate innovation across Vanguard’s digital platforms and enterprise solutions.

“Hyderabad represents a thriving technology ecosystem with talent and ambition that underpins Vanguard’s commitment to provide our investors a world-class digital experience. We’re excited to open our new technology center in Hyderabad and to welcome our new Vanguard India crew members. This technology hub builds on our decade-long collaboration in the region and will play a vital role in advancing innovation in support of our mission,” said Nitin Tandon, Global Chief Information Officer at Vanguard.

The Honourable Deputy Chief Minister of Govt. of Telangana, Minister of Finance & Planning, Energy, Sri Mallu Bhatti Vikramarka Garu, attended the inauguration and ribbon-cutting as Vanguard’s Chief Guest. Sri Duddilla Sridhar Babu Garu, Honourable Minister of Information Technology, Electronics & Communications, Industries & Commerce, and Legislative Affairs, attended as Guest of Honor. He said: “Hyderabad has emerged as one of the top choices for BFSI product engineering and digital innovation, offering the right mix of talent and infrastructure. With Vanguard joining this growing ecosystem, Telangana further strengthens its position as a global hub for financial technology and innovation.”

Vanguard’s Hyderabad technology center is central to global and local AI advancements, supporting the company’s broader digital transformation mission. With AI rapidly evolving, Vanguard aims to foster collaboration on innovative use cases in Financial Services and Information Technology that harness India’s rapidly growing digital economy.

Venkatesh Natarajan, Head of Vanguard India, said, “Our crew members are at the heart of everything we do. This office will combine Vanguard’s mission-driven culture – centered on fairness and unwavering integrity – with India’s world-class technology talent. Together, we will create technology capabilities that are innovative, scalable, and meaningful for investors everywhere.”

Sundaram Finance logs highest-ever disbursements of Rs. 15,423 crores; Q2 disbursement growth of 18% to Rs. 8,113 crores

November 3, 2025: The Board of Directors of Sundaram Finance Ltd. (SFL) approved the unaudited standalone and consolidated financial results for the half year ended September 30, 2025, at its meeting held on November 3, 2025, in Chennai.

“Q2FY26 started with continuing macroeconomic sluggishness witnessed over the past few quarters. The introduction of GST 2.0 reforms and the country’s rating upgrade by global rating agencies have boosted overall sentiments over the past 4-6 weeks. Under these circumstances, Team Sundaram has delivered 15.3% growth in AUM to Rs. 55,419 crores, asset quality with net stage 3 assets at 1.13% vs 0.89% last year and profits after tax growth of 27% year-on-year. Our Group companies in asset management, general insurance and home finance have continued to record strong results. We continue to rely on our time-tested approach of steady and sustainable growth with best-in-class asset quality and consistent profitability,” said Harsha Viji, Executive Vice Chairman.

Disbursements for H1FY26 recorded a growth of 12% over H1FY25 and for Q2FY26, disbursements have grown 18% Y-o-Y. Gross stage 3 assets as on September 30, 2025, stood at 2.03% with provision cover of 45% as against 1.62% as on September 30, 2024, with provision cover of 45%. Profits from operations performed strongly, growing by 16% in H1FY26 and 17% in Q2FY26. Profit after tax registered a 27% rise in H1FY26, with net profit at Rs. 823 crores and for Q2, PAT grew 16% to Rs. 394 crores. Return on assets closed at 2.72% in H1FY26 as against 2.50% for H1FY25 and capital adequacy at 19.3% remained quite comfortable.

Rajiv Lochan, Managing Director, stated, “The festival period has been strong, and the morale of team Sundaram is on a high following a well-executed festival plan. We anticipate the impact of GST 2.0 on consumption to be buoyant, rural demand to improve after a healthy monsoon period and private sector capex to pick up in the coming quarters. Consequently, our post-festival outlook for Q3 and H2 is optimistic. We are well-positioned to drive our time-tested mantra of balancing growth with quality and profitability and taking a long-term, through-cycle view to our customers, employees and other partners.”

STANDALONE PERFORMANCE HIGHLIGHTS FOR H1FY26

· Disbursements for H1FY26 grew by 12% to Rs. 15,423 crores as compared to Rs. 13,768 crores registered in H1FY25. Disbursements for Q2FY26 grew by 18% to Rs. 8,113 crores as compared to Rs. 6,860 crores registered in Q2FY25.

· The assets under management grew by 15% to Rs. 55,419 crores as on 30th September 2025 as against Rs. 48,058 crores as on 30th September 2024.

· Net interest income (NII) grew by 23% to Rs. 1,603 crores in H1FY26 from Rs. 1,304 crores in H1FY25. Q2FY26 growth in NII was 21% to Rs. 822 crores.

· Gross stage 3 assets as on 30th September 2025 stood at 2.03% with 45% provision cover as against 1.62% with provision cover of 45% as on 30th September 2024. Net stage 3 assets as on 30thSeptember 2025 closed at 1.13% as against 0.89% as on 30th September 2024.

· The Gross and Net NPA, as per RBI’s asset classification norms for NBFCs, are 2.80% and 1.79% respectively as against 2.39% and 1.55% as of 30th September 2024.

· Cost to income ratio improved to 29.60% in H1FY26 as against 31.91% in H1FY25.

· Profits from operations grew 16% to Rs. 937 crores in H1FY26 as against Rs. 812 crores in H1FY25. For the quarter, profits from operations grew 17% to Rs. 501 crores.

· Higher dividend income resulted in profit after tax registering 27% rise in H1FY26, with net profit at Rs. 823 crores as against Rs. 648 crores in H1FY25. For Q2FY26, PAT grew 16% Y-o-Y to Rs. 394 crores.

· Return on assets (ROA) for H1FY26 closed at 2.72% as against 2.50% for H1FY25. Return on equity (ROE) was at 15.91% for H1FY26 as against 14.24% for H1FY25.

· Capital Adequacy Ratio stood at 19.3% (Tier I –16.9%) as of 30th September 2025 compared to 20.0% (Tier I – 16.4%) as of 30th September 2024.

CONSOLIDATED PERFORMANCE HIGHLIGHTS FOR H1FY26

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. 83,586 crores as on 30th September 2025 as against Rs. 72,541 crores as on 30th September 2024, a growth of 15%. The assets under management of our asset management business stood at Rs. 82,608 crores as on 30th September 2025 as against Rs. 76,845 crores as on 30th September 2024.

· Profit after tax for H1FY26 grew by 11% to Rs. 963 crores as compared to Rs. 871 crores in H1FY25.

GROUP COMPANY PERFORMANCE HIGHLIGHTS

Our group companies continued to perform well.

· The asset management business closed the half year ended 30th September 2025 with assets under management of Rs. 82,608 crores (around 80% in equity) and consolidated profits from the asset management businesses were at Rs. 91 crores as against Rs. 68 crores in H1FY25.

· Royal Sundaram reported a Gross Written Premium (GWP) of Rs. 2,352 crores as compared to Rs. 2,053 crores in the previous year, representing a growth of 15%. The company reported a profit after tax of Rs. 121 crores for H1FY26 as against a profit of Rs. 126 crores in H1FY25.

· Sundaram Home Finance continued to grow strongly with disbursements up by 9% to Rs. 3,169 crores in H1FY26. The profit for H1FY26 was Rs. 137 crores, as against Rs. 111 crores in H1FY25.