Category Archives: Business

Indegene Posts Strong Q3 FY26 Revenue Growth of Over 30 Percent

Bengaluru, India, Jan 30: Indegene, the tech-native, life sciences specialist, today announced its financial results for the quarter ended December 31, 2025, reporting robust growth and key strategic milestones.

Key Highlights – Q3 FY26:

• Revenue grew 30.8% YoY and 17.1% QoQ, marking the company’s first $100 million+ revenue quarter.

• Adjusted EBITDA rose 15.7% YoY and 19.6% QoQ, with a margin of 18.5%, reflecting strong operational efficiency.

• Revenue per employee surpassed $70k, the highest in the industry.

• Three of the top five customers expanded to $25 million+ annual revenue.

• 52 customers now generate $1 million+ annual revenue.

• Secured significant new contracts, including two deals exceeding $10 million ACV each and another exceeding $5 million ACV.

Strategic Developments:
During the quarter, Indegene completed the acquisitions of BioPharm, a US-focused life sciences omnichannel business, and Warn & Co., a UK-based consulting firm, strengthening the company’s domain expertise and high-value capabilities. Cash and investments remain healthy, supporting sustained growth and future strategic initiatives.

Leadership Commentary:
Manish Gupta, Chairman and CEO, Indegene, said:

“We delivered a standout Q3 FY26, with revenue growing over 30% YoY and 17% sequentially. Our revenue per employee crossing $70K underscores the impact of technology and AI in driving productivity. With 3 customers surpassing $25 million annual revenue and 52 customers exceeding $1 million, our client relationships are stronger than ever. Strategic wins this quarter combine execution strength with AI, positioning us for sustained, profitable growth.”

Suhas Prabhu, CFO, Indegene, added:

“EBITDA, adjusted for one-time expenses, grew strongly, reflecting operational discipline. While reported PAT remained flat due to transient acquisition-related costs and higher non-cash amortization, profitability is expected to strengthen as synergies are realized and growth momentum continues.”

Indegene’s Q3 performance reinforces its leadership in the life sciences sector and positions the company to continue delivering innovative, AI-driven solutions that generate measurable outcomes for its clients globally.

SBI General Insurance powers ahead in 9M FY26 growing 1.7 times faster than the Industry

Mumbai; Jan 30: SBI General Insurance, has delivered a strong performance in 9M FY26, reinforcing its position as one of India’s fastest growing general insurance companies.

Continuing its robust growth trajectory, the company reported a Gross Direct Premium (GDP) of INR 10,769 crore, recording a growth of 14.5%, exceeding the industry growth rate of 8.7%. The Ex-Crop business growth is 25.5% v/s industry growth at 13.1%.

The Company’s strong performance in 9M FY26 was driven by sustained growth across key lines of business like Health by 29%, Personal Accident (PA) by 49%, Motor by 19%, and Fire by 13%.  Together, these segments reinforced the company’s focus on scalable growth, operational excellence, and customer-centric innovation. Additionally, the Company improved its market share among private & SAHI companies by 39 basis points from 6.25% in 9M FY25 to 6.64% in 9MFY26

The Company reported a Profit After Tax (PAT) of INR 522 crore. The Loss ratio also improved significantly to 78.5% in 9M FY26 from 84.3% in 9M FY25. In addition, the solvency ratio stood at 2.12 times, well above the regulatory minimum of 1.50, underscoring the company’s solid financial foundation.

Commenting on the Company’s performance, Mr. Naveen Chandra Jha, MD & CEO, SBI General Insurance, said 

“Our performance in 9M FY26 reflects the strength of the foundation we are building for the future. In 9M FY26, we’ve grown by 1.7 times faster than the industry and 1.9 times faster than Private & SAHI companies. The Company has recorded a GDP of INR 10,769 crore in 9M FY26. This growth is not just about scale, but about building a resilient, technology-led, and customer-centric insurance institution. We are focused on creating sustainable value by strengthening our core portfolios, deepening trust with customers, and expanding access to protection across India’s evolving risk landscape.”

Mr. Jitendra Attra, CFO, SBI General Insurance, added: 

“Our financial performance in 9M FY26 highlights the effectiveness of our risk management framework, operating discipline, and long-term financial strategy. The company has displayed a significant improvement in the loss ratio of 78.5% from 84.3% in the previous financial year. This is a testament to enhanced underwriting, improved risk selection, better claims management, and increased operational efficiency. Our focus remains on sustainable profitable growth, strengthening capital efficiency, and building a financially robust institution that delivers long-term value to all stakeholders in a dynamic market environment.”

SBI General Insurance continues to strengthen its growth momentum through focused investments in technology, product innovation, a consistent emphasis on customer experience, and disciplined operational execution. Supported by a well-balanced business portfolio and scalable platforms, the Company is building a stable foundation for long-term profitability while steadily expanding its market presence.

Arkade Developers Posts Record Quarterly Pre-Sales in Q3 FY26

Mumbai, Jan 30: Arkade Developers Limited, one of Mumbai’s leading real estate development companies, reported strong year-on-year growth in pre-sales and collections for the quarter ended December 31, 2025, supported by healthy demand across its residential portfolio and disciplined execution.

During the quarter, the company recorded robust growth in pre-sales and collections compared to the same period last year, along with steady operational momentum reflected in higher area sold. Performance also remained strong on a quarter-on-quarter basis, driven by sustained buyer confidence and timely project progress.

For the nine months ended December 31, 2025, Arkade Developers continued its positive growth trajectory, reporting improved pre-sales, collections, and revenue compared to the corresponding period last year. The company also maintained healthy profitability, underscoring its focus on operational efficiency and execution excellence.

Operational Highlights

• Strong year-on-year and quarter-on-quarter growth in pre-sales and collections

• Significant increase in area sold during both the quarter and nine-month period

• Consistent progress across ongoing residential projects

Financial Highlights

• Stable revenue performance during the quarter and nine-month period

• Healthy operating profitability and margins

• Sustained focus on cash flow discipline and balance-sheet strength

Commenting on the Q3 and nine-month FY26 performance, Mr. Amit Jain, Chairman and Managing Director, Arkade Developers Limited, said:

“With strong pre-sales momentum, healthy collections, a robust project pipeline extending into 2026, and a supportive interest rate environment, we are well positioned to deliver premium residential developments and create long-term value for all stakeholders.

The year 2026 has begun on a positive note, and we remain optimistic about the upcoming Union Budget and its potential to further support sectoral growth. In the current quarter, we are targeting additional occupation certificates in Mumbai’s western suburbs, reinforcing our consistent track record of ahead-of-schedule project completion.

Looking ahead, the company has a strong development pipeline across multiple projects with substantial saleable area. We are also set to launch a new project at Bangur Nagar, Goregaon West, which will mark our eighth development in the Malad–Goregaon micro-market—an area that continues to witness strong demand and buyer confidence.”

Awards & Recognition

• Arkade Developers was honoured by ET Edge with the Best Brand 2025 recognition

• The company won the Best Integrated Marketing Campaign award for Arkade Bangur Nagar Metro Station, presented by Realty+

India–EU FTA to Boost Market Access and Competitiveness for Indian Textiles: Sammir Dattani

Sammir Dattani, Executive Director, Sanathan Textiles mentions –

“The progress on the India – EU Free Trade Agreement will benefit the Indian textile and apparel sector, as tariffs on textile and apparel products will reduce from 12% to 0%, thereby enhancing cost competitiveness and market access in the European Union. This development creates opportunities for us to expand and explore demand across various European countries.

Europe is home to some of the world’s leading fashion brands and automotive manufacturers, both of which rely extensively on imported textiles for apparel, upholstery, technical fabrics, and automotive interior applications. Enhanced access to this market provides Indian manufacturers like Sanathan Textiles an opportunity to participate more deeply across fashion-led consumption as well as value-added technical and automotive textile segments.”

Haier Sets a New Style Statement with Lumière Colorful 4-Door Refrigerator range that Features Steel Design and Premium Cooling

Haier Appliances India, the world’s No.1 major appliances brand for 17 consecutive years, today announced the launch of its Lumière Colorful 4-Door Refrigerator range, expanding its premium portfolio to cater to style-conscious, modern Indian homes.

The Lumière range combines contemporary aesthetics with intelligent functionality, offering a luxurious expression of refrigeration. With a spacious 520L capacity and a premium Colorful Steel finish available in gloss and matte, the refrigerators are offered in three elegant shades – Pearl White (HRB-600 PW), Mauve Pink (HRB-600 MP), and Rosette White (HRB-600 RW) – thoughtfully designed to complement modern interiors while delivering reliable everyday performance.

As consumers increasingly seek appliances that blend style and practicality, the Lumière range introduces advanced features including a convertible zone, external digital control panel, 95° Anti-Tipping Door Racks, whisper-quiet operation, smart storage solutions, and Expert Inverter Technology with dual fans for stable, efficient cooling. These innovations combine to create a refrigerator that is both a functional necessity and a statement of contemporary living.

Commenting on the launch, Mr. NS Satish, President, Haier Appliances India, said:

“At Haier, we are dedicated to redefining premium refrigeration for modern Indian homes. The Lumière Colorful 4-Door refrigerator range sets a new benchmark in style and sophistication, transforming the kitchen into a space of luxury while reflecting Haier’s heritage of innovation, quality, and thoughtful design.”

The Haier Lumière range is available across India starting at INR 83,990 and can be purchased via the Haier website, leading e-commerce platforms, and retail outlets nationwide.

Key Features of Haier Lumière Colorful 4-Door Refrigerators:

• Colorful Steel Finish: Modern, elegant shades of Pearl White, Mauve Pink, and Rosette White.

• Convertible Zone: Flexible storage with up to 85% convertible space and dedicated freezer area.

• External Digital Control Panel: Intuitive temperature management without opening the door.

• Expert Inverter Technology with Dual Fan: Stable, efficient, and quiet cooling.

• Dedicated Fruit & Vegetable Box: Organised storage for optimal freshness.

• 95° Anti-Tipping Door Racks: Safer, smarter storage for bottles and containers.

• Whisper-Silent Operation: Quiet performance ideal for open kitchens and modern living spaces.

Haier’s Lumière range is designed to meet the evolving needs of Indian households, offering an unmatched combination of style, innovation, and performance.

Budget 2026 Is a Golden Opportunity for Education Reform, Says Nirvaan Birla

As India heads into Union Budget 2026, the education sector is looking for deeper implementation rather than sweeping policy changes. With clear intent around digital learning, AI readiness and skills-embedded education, the ecosystem is well placed to execute at scale. The focus now must be on taking experiential and AI-enabled learning beyond metros and ensuring first-generation learners are not left behind.

Sharing his pre-budget perspective, Nirvaan Birla, Managing Director of Birla Open Minds Education Ltd., says,

 “The upcoming budget is a golden opportunity to fuel India’s journey toward becoming a global talent powerhouse. By deepening the focus on teacher empowerment, we can turn the vision of the National Education Policy into a reality. The future belongs to a nation that invests in its learners today, ensuring every student has the tools to thrive in a digital-first world. As we head into #Budget2026, there’s a lot to feel positive about. The intent around digital learning, AI readiness, skills-embedded education and innovation is clear there, and with over 2 lakh recognised startups, the capacity to execute also exists.”

Budget 2026, he notes, presents an opportunity to strengthen implementation, empower educators and build a future-ready talent ecosystem.

Coromandel International Delivers Resilient Q3 FY26 Results

Coromandel International Limited (BSE: 506395, NSE: COROMANDEL), a leading provider of agri-solutions in India, today announced its financial results for the quarter and nine months ended 31 December 2025. The Company continues to strengthen its leadership across fertilizers, crop protection, bio-products, specialty nutrients, organic fertilizers, and agri-retail, while advancing initiatives in agri-drone spraying and digital solutions that drive sustainability and farm productivity.

Q3 Standalone Performance:

• Total Income: Up 21% YoY

• EBITDA: Up 5% YoY

• PAT: Up 1% YoY

YTD Standalone Performance:

• Total Income: Up 30% YoY

• EBITDA: Up 20% YoY

• PAT: Up 19% YoY

Consolidated Results:

• Q3 Total Income: Increased from previous year

• Q3 PAT: Slightly lower than previous year

• YTD Total Income: Up significantly from previous year

• YTD PAT: Up from previous year

The Board has approved an interim dividend, reflecting a substantial return on equity.

Commenting on the results, Mr. S. Sankarasubramanian, MD & CEO, Coromandel International, said:

“Coromandel delivered a resilient performance this quarter despite a challenging business environment marked by a late monsoon, rising raw material costs, and currency depreciation. Our fertiliser plants operated at full capacity, delivering record quarterly production of NPKs. We maintained market leadership in the phosphatic fertiliser segment, achieving significant volume growth. Our Crop Protection business benefited from strong domestic and export demand, and our Retail network continued to expand with over 250 new stores this year.”

Nutrient and Allied Business:

• Q3 Revenue: Higher than previous year

• Q3 PBIT: Stable compared to previous year

• YTD Revenue: Up YoY

• YTD PBIT: Up YoY

Key projects include the Sulphuric acid and Phosphoric acid plants, on track for commissioning in Q4 FY26, and the fertiliser capacity expansion at Kakinada, slated for Q4 FY27. The Company also established a joint venture, Stuccoedge India Pvt Ltd, for Phospho-Gypsum products and initiated a water-soluble fertiliser plant at Vizag.

Crop Protection Business:

• Q3 Revenue: Up YoY

• Q3 PBIT: Up YoY

• YTD Revenue: Up YoY

• YTD PBIT: Up YoY

The Company has expanded the capacity of its key technical molecules and continues additional capacity augmentation. Its subsidiary, NACL Industries Limited, successfully completed a Rights Issue during the quarter.

Atlanta Electricals Secures Five New Orders, Boosting Order Book to Record Levels

New Delhi, Jan 30: Atlanta Electricals Limited (NSE, BSE: ATLANTAELE), a leading manufacturer of power transformers, has won five new orders worth ₹288 crore from Karnataka Power Transmission Corporation Ltd (KPTCL) and an Independent Power Producer (IPP) executing a project for NTPC. These orders are scheduled for execution over the next 12 months, taking the company’s order book to ₹2,787 crore.

The two orders from KPTCL, totaling ₹146 crore, include the supply of 13 transformers, comprising six 100 MVA, 220/110 kV power transformers and seven 150 MVA, 220/66 kV power transformers, along with 11 Nitrogen Injection Fire Protection Systems (NIFPS).

The three orders from the IPP, worth ₹142 crore, involve supplying ten 125 MVA, 220 kV transformers and five 100 MVA, 220/33 kV transformers for projects across Madhya Pradesh, Maharashtra, and Andhra Pradesh.

Mr. Niral Patel, Chairman and Managing Director, Atlanta Electricals Limited, said:

“These order wins reflect the robust momentum in India’s power sector, where both generation and transmission & distribution segments are witnessing strong growth. This upcycle is translating into sustained transformer demand and a healthy order pipeline. The NTPC order adds an optimal balance between utility and private sector projects.”

He added,

“We remain committed to strengthening the nation’s power infrastructure through advanced transformer solutions, while enhancing capacity utilisation across our expanded manufacturing base.”

Atlanta Electricals, listed on NSE and BSE in September 2025, recently reported consolidated financial results for Q3 FY26, recording strong revenue and EBITDA growth, along with a healthy PAT performance. With over 30 years of industry experience and a diversified portfolio spanning power, auto, and inverter-duty transformers, Atlanta Electricals continues to support India’s grid modernisation and capacity expansion through reliable and energy-efficient transformer solutions.

Paytm Delivers Third Straight Profitable Quarter as PAT Rises; Revenue Grows in Q3 FY2

New Delhi, Jan 30, 2026: Paytm (One 97 Communications Limited), India’s leading full-stack merchant payments and financial services platform, today announced its financial results for the quarter ending December 2025 (Q3 FY26), reporting its third consecutive profitable quarter. The performance was driven by strong monetisation across payments and financial services, higher payments GMV, and increased merchant subscriptions.

For the quarter, Paytm posted a profit after tax (PAT) of ₹225 crore, reflecting strong year-on-year growth. EBITDA rose to ₹156 crore with a margin of 7%, reflecting revenue growth and operating leverage. Contribution profit stood at ₹1,249 crore, with a contribution margin of 57%, improving from the previous year.

Payments and UPI Growth:

• Paytm UPI consumer GMV grew 35% over the past nine months, more than double the industry growth rate of 16%, marking the third consecutive quarter of market share gains.

• Payments services revenue (including other operating revenue) grew 21% YoY, while net payment revenue increased 25% YoY, supported by improved payment processing margins and a growth in merchant subscriptions to 1.44 crore.

• Payments GMV rose 24% YoY.

Financial Services Distribution:

• Revenue from distribution of financial services grew 34% YoY, driven by growth in merchant loans and wealth product distribution.

• The growth occurred despite lower volumes under the Default Loss Guarantee (DLG) program.

Operational Efficiency and Cash Position:

• Indirect expenses declined 8% YoY due to lower employee costs (including ESOPs) and reduced Provisions for Doubtful Debt (PDD).

• Cash balance remains strong, providing flexibility for business expansion.

Regulatory Milestones:
During the quarter, Paytm’s offline merchant business was transferred to Payments Services Limited, a wholly owned subsidiary, in line with regulatory guidelines. Payments Services Limited received RBI approval to operate as an Online Payment Aggregator, while PPSL was authorised to operate as a Payment Aggregator for offline and cross-border payments.

Strategic Highlights:

• Sustained profitability and growth driven by industry-leading monetisation across payments and financial services.

• Expanded merchant payment leadership and higher consumer UPI market share leveraging AI capabilities.

• Revenue growth remained resilient despite regulatory changes impacting rent payments via credit cards and the Real Money Gaming Act, reflecting proactive compliance measures.

Commenting on the results, Paytm said

“Q3 FY26 marks our third consecutive profitable quarter, reflecting continued execution excellence, strong monetisation, and growing market leadership in payments and financial services. Our focus on AI-driven insights, operational efficiency, and regulatory compliance positions us well for sustainable growth in the coming quarters,” the company stated.

PeopleStrong Appoints Aashay Manake as Chief People Officer to Lead People and Culture

New Delhi, Jan 30: PeopleStrong, one of Asia’s leading human capital management (HCM) SaaS platforms, today announced the strategic appointment of Aashay Manake, former Vice President HR at Jubilant FoodWorks, as its Chief People Officer (CPO). In this role, Aashay will spearhead PeopleStrong’s people and culture strategy, driving leadership capability, workforce effectiveness, and organisational readiness as the company scales across markets.

Aashay brings over 16 years of experience across high-growth and complex organisations spanning FMCG, industrial conglomerates, hospitality/consumer tech, and QSR and food services. Prior to joining PeopleStrong, he held senior people leadership roles at ITC Ltd., GE, OYO, and most recently Jubilant FoodWorks, where he led people strategy for large, multi-brand, and distributed workforces.

An alumnus of SCMHRD, Aashay has led enterprise-wide HR initiatives covering performance and rewards, talent and leadership development, employee relations, and organisational design, often in environments undergoing rapid transformation and scale.

Sandeep Chaudhary, CEO of PeopleStrong, said:

“At PeopleStrong, we believe that people care is good business. As we scale across markets and support organisations navigating increasingly complex workforce realities, having a leader who combines strong HR expertise, process thinking, and genuine human understanding is critical. Aashay embodies this balance exceptionally well. We are delighted to welcome him to the leadership team and look forward to strengthening our people and culture agenda as the company enters its next phase of growth.”

Commenting on his new role, Aashay Manake, Chief People Officer, PeopleStrong, said:

“PeopleStrong has consistently been at the forefront of progressive people practices, setting benchmarks for how culture, leadership, and employee experience can drive long-term value. I am excited to build on this foundation and work with the leadership team to strengthen capabilities, create scalable people systems, and foster a culture that brings joy, energy, and meaning to work.”

This appointment reinforces PeopleStrong’s commitment to building strong leadership capability and a people-first organisation aligned with its long-term growth ambitions. PeopleStrong powers over 500 enterprises, serves more than 2 million users, and processes over 1.75 million paychecks monthly. Its HR mobile app is among the highest-rated globally, with a 4.8/5 rating across iOS and Android, and the company has consistently featured in Gartner’s Voice of the Customer report, earning recognition as a Customers’ Choice for Cloud HCM Suites for enterprises with over 1,000 employees from 2022 to 2025.