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Vaibhav Global Q3 FY26: PAT Jumps 41% YoY, Revenue up 9.1% to Rs 1,066 Cr
Vaibhav Global reported a strong performance for Q3 FY26, with consolidated revenue growing 9.1% YoY to Rs 1,066 crore. Profitability improved significantly as PAT surged 41% YoY and EBITDA margins expanded to 13.2% from 11.5% in the previous year. The company demonstrated robust cash generation, with Free Cash Flow increasing 165% YoY to Rs 143 crore. Additionally, the Board declared a third interim dividend of Rs 1.50 per share, maintaining a healthy payout ratio.
Key Highlights
Revenue from operations grew 9.1% YoY to Rs 1,066 crore, with digital revenue rising 11.2% to Rs 423 crore.
EBITDA increased by 25.7% YoY to Rs 141 crore, driven by better realizations and cost efficiencies.
Free Cash Flow (FCF) surged by 165% YoY to Rs 143 crore, resulting in a net cash position of Rs 213 crore.
Unique customer base reached 706k (up 2% YoY) with a high repeat purchase rate of 22 pieces per customer on a TTM basis.
Declared a 3rd interim dividend of Rs 1.50 per share, bringing the 9M FY26 dividend payout to 43%.
💼 Action for Investors
Investors should take note of the significant margin expansion and strong free cash flow generation, which underscore the company's operational efficiency. The steady growth in digital sales and a net-cash balance sheet make it a resilient play in the global retail space.
Vaibhav Global Q3 FY26: Revenue Crosses ₹1,000 Cr Milestone, PAT Surges 41% YoY
Vaibhav Global Limited (VGL) reported a record-breaking Q3 FY26 with revenue crossing the ₹1,000 crore mark for the first time, reaching ₹1,066 crores (up 9.1% YoY). Profitability showed significant improvement with PAT jumping 41% YoY to ₹90 crores and EBITDA margins expanding by 170 bps to 13.2%. The company also declared a third interim dividend of ₹1.50 per share, representing a 28% payout. Operational efficiency was highlighted by the German market turning profitable and in-house brands contributing 48% to B2C revenue.
Key Highlights
Achieved maiden quarterly revenue of ₹1,066 crores, reflecting 9.1% YoY growth.
Profit After Tax (PAT) increased by 41% YoY to ₹90 crores.
EBITDA grew 26% YoY with margins expanding to 13.2% due to operating leverage.
In-house brands contribution to B2C revenue rose to 48% from 31% in Q3 FY25.
Strong balance sheet maintained with a net cash position of ₹213 crores and ROCE of 21%.
💼 Action for Investors
Investors should take note of the margin expansion and the turnaround in the German business as key growth drivers. The company's ability to exceed revenue guidance and maintain a healthy dividend payout makes it a strong performer in the global e-tailing space.
Vaibhav Global Sets February 3, 2026 as Record Date for 3rd Interim Dividend
Vaibhav Global Limited has officially fixed Tuesday, February 3, 2026, as the record date for its 3rd interim dividend for the financial year 2025-26. This announcement identifies the shareholders eligible to receive the dividend payout. The company is complying with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This marks the third dividend distribution for the current fiscal year, highlighting consistent shareholder returns.
Key Highlights
Record date fixed as February 3, 2026, for shareholder eligibility.
The payout pertains to the 3rd Interim Dividend for the financial year 2025-26.
Official intimation filed with NSE and BSE on January 28, 2026.
💼 Action for Investors
Investors seeking to qualify for the dividend should ensure they hold the shares in their demat account by the record date. Existing shareholders should maintain their holdings to benefit from this interim payout.
Vaibhav Global Declares Rs 1.50 Interim Dividend; Sets Feb 3 as Record Date
Vaibhav Global's Board has declared a third interim dividend of Rs 1.50 per equity share for the financial year 2025-26. The dividend represents a 75% payout on the face value of Rs 2 per share. The company has fixed February 3, 2026, as the record date to determine shareholder eligibility, with payment expected within 30 days. Additionally, the board approved the grant of over 69,000 employee stock benefits (ESOPs and RSUs) to align employee interests with shareholders.
Key Highlights
Declared 3rd Interim Dividend of Rs 1.50 per equity share for FY 2025-26
Record date for dividend entitlement is fixed as Tuesday, February 3, 2026
Granted 63,789 ESOPs at an exercise price of Rs 176 per share
Granted 5,862 RSUs at a nominal exercise price of Rs 2 per share
Dividend payment to be completed within 30 days from the declaration date
💼 Action for Investors
Investors interested in the dividend should ensure they hold the stock before the record date of February 3, 2026. The consistent interim payouts indicate a stable cash-flow-sharing policy by the management.
Vaibhav Global Declares ₹1.50 Interim Dividend; Approves Q3 FY26 Financial Results
Vaibhav Global's board has declared a third interim dividend of ₹1.50 per equity share for the financial year 2025-26. The company also approved its unaudited financial results for the quarter and nine months ended December 31, 2025. Additionally, the board approved the grant of 63,789 ESOPs at an exercise price of ₹176 and 5,862 RSUs at ₹2 to eligible employees. The record date for the dividend payment is set for February 3, 2026.
Key Highlights
Declared 3rd interim dividend of ₹1.50 per equity share (75% of face value).
Record date for dividend entitlement is fixed as February 3, 2026.
Granted 63,789 ESOPs at an exercise price of ₹176 with 100% vesting on Jan 1, 2028.
Granted 5,862 RSUs at an exercise price of ₹2 with a 3-year graded vesting schedule.
Approved unaudited standalone and consolidated financial results for Q3 and 9M FY26.
💼 Action for Investors
Investors should ensure they hold the shares before the February 3 record date to qualify for the ₹1.50 dividend. The ESOP exercise price of ₹176 provides a reference point for management's long-term incentive alignment.
Alldigi Tech Q3 FY26: EBITDA Surges 41.7% YoY to ₹45.9 Cr, Declares ₹30 Interim Dividend
Alldigi Tech reported a strong Q3 FY26 with revenue growing 9.5% YoY to ₹152.7 crore, driven by a 16.2% growth in the Tech & Digital segment. EBITDA margins expanded significantly by 680 bps YoY to 30.1%, resulting in a 41.7% YoY increase in EBITDA. The company declared a substantial interim dividend of ₹30 per share, supported by an 87.2% YoY growth in Operating Cash Flow. While 9M PAT is down 16.6% due to a high base from a previous divestment, core operational metrics like DSO and employee record volumes showed marked improvement.
Key Highlights
Revenue from operations grew 9.5% YoY to ₹152.7 Cr, with International revenue now making up 67% of the mix.
EBITDA increased 41.7% YoY to ₹45.9 Cr, with margins reaching a high of 30.1% due to better revenue mix and IT savings.
Declared a significant interim dividend of ₹30 per equity share following the board meeting on January 27, 2026.
Employee records processed grew 10% YoY to 48.5 lacs for the quarter, maintaining market leadership in HRO services.
Working capital efficiency improved as DSO (Billed & Unbilled) reduced by 7 days QoQ to 70 days.
💼 Action for Investors
Investors should take note of the sharp margin expansion and the generous dividend payout, which signals strong cash generation. The steady growth in the high-margin Tech & Digital segment makes this a positive update for long-term holders.
Alldigi Q3 FY26: EBITDA Jumps 42% YoY, Revenue Up 10%, Declares ₹30 Dividend
Alldigi Tech reported a strong Q3 FY26 with revenue growing 9.5% YoY to ₹152.7 crore and EBITDA surging 41.7% to ₹45.9 crore. The EBITDA margin expanded significantly by 680 bps YoY to reach 30.1%, driven by growth in international BPM and Tech & Digital segments. The company declared a substantial interim dividend of ₹30 per share. While Q3 PAT grew 4.5% YoY, the 9-month PAT remains down 16.6% compared to the previous year, suggesting a recovery trend in the current quarter.
Key Highlights
Revenue from operations grew 9.5% YoY to ₹152.7 crore, with EBITDA margins expanding to 30.1%.
International BPM revenue increased by 13.8% YoY, now contributing 67% of total revenues.
Tech & Digital segment revenue rose 16.2% YoY, processing 48.5 lakh employee records.
Board declared an interim dividend of ₹30 per equity share.
Operating Cash Flow (OCF) for the quarter stood at ₹45.3 crore, up 87.2% YoY.
💼 Action for Investors
Investors should favor the stock for its strong margin expansion and high dividend payout. Monitor the sustainability of the 30% EBITDA margin in upcoming quarters to ensure the recovery is structural.
Reliance Infrastructure: Secretarial Auditor Ajay Kumar & Co. Resigns
Reliance Infrastructure Limited has informed the exchanges about the resignation of its Secretarial Auditor, Ajay Kumar & Co., effective January 27, 2026. The firm cited urgent personal problems as the primary reason for their departure from the role. The outgoing auditor has explicitly confirmed that there are no other material reasons for the resignation. While secretarial audits are a compliance requirement, the resignation of an auditor often warrants a closer look at corporate governance stability.
Key Highlights
Secretarial Auditor Ajay Kumar & Co. resigned from the position on January 27, 2026
The reason for cessation is cited as 'urgent personal problems' of the auditor
The auditor confirmed no other undisclosed reasons exist for the resignation
Disclosure submitted under Regulation 30 of SEBI (LODR) Regulations, 2015
💼 Action for Investors
Investors should monitor for the timely appointment of a new Secretarial Auditor to ensure compliance continuity. While the reason cited is personal, any further changes in the audit or compliance team should be viewed with caution regarding governance.
Nesco Q3 FY26 Results: Revenue Grows 20% YoY to ₹248 Cr; PAT Dips 4.8% to ₹105 Cr
Nesco Limited reported a robust 20.03% YoY growth in consolidated revenue from operations, reaching ₹247.92 crore for the quarter ended December 31, 2025. However, consolidated Net Profit (PAT) saw a slight decline of 4.82% YoY to ₹104.64 crore, primarily due to a significant 48.3% surge in total expenses. The Foods division emerged as a high-growth segment, with revenue doubling YoY, while the core Realty segment continued to provide stable high-margin contributions.
Key Highlights
Consolidated Revenue from Operations increased 20.03% YoY to ₹247.92 crore from ₹206.54 crore.
Consolidated Net Profit (PAT) declined 4.82% YoY to ₹104.64 crore compared to ₹109.94 crore in the previous year.
Foods segment revenue surged by 106% YoY to ₹70.43 crore, showing strong growth momentum.
Total expenses rose sharply to ₹142.58 crore from ₹96.15 crore YoY, driven by higher material and other operating costs.
Realty segment remains the primary profit driver with a segment profit of ₹83.49 crore on revenue of ₹100.11 crore.
💼 Action for Investors
Investors should monitor the rising cost structure which has pressured margins despite strong top-line growth. The rapid expansion of the Foods segment is a positive diversification, but the sustainability of its margins needs to be watched in upcoming quarters.
Prime Focus Authorizes KMPs for Materiality Determination under SEBI Regulations
Prime Focus Limited has updated its list of Key Managerial Personnel (KMP) authorized to determine the materiality of events or information as per SEBI (LODR) Regulations. During a board meeting held on January 27, 2026, the company designated Chairman Naresh Malhotra and CFO Vikas Rathee to determine materiality. Additionally, Company Secretary Parina Shah has been authorized to handle the disclosure of such events to the stock exchanges. This is a standard regulatory compliance update to ensure transparent communication with the market.
Key Highlights
Board meeting held on January 27, 2026, to approve KMP authorizations under Regulation 30(5).
Chairman Naresh Malhotra and CFO Vikas Rathee authorized to determine event materiality.
Company Secretary Parina Shah authorized to make disclosures to NSE and BSE.
Contact details provided for investor relations include phone +91 22 26484900 and email ir.india@primefocus.com.
💼 Action for Investors
No action is required as this is a routine administrative filing. Investors should keep the updated contact information for future corporate governance inquiries.
Prime Focus Q3 Consolidated Revenue Jumps 34% YoY; Standalone Turnaround to Profit
Prime Focus Limited reported a strong consolidated revenue growth of 34% YoY, reaching ₹1,192.13 crore for the quarter ended December 31, 2025. On a standalone basis, the company turned profitable with a net profit of ₹12.41 lakh compared to a loss of ₹12.16 crore in the previous year's corresponding quarter. Despite operational growth, the company faces a significant legal overhang regarding a ₹353.80 crore loan dispute with Reliance Alpha Services, which has filed an insolvency petition at the NCLT. Finance costs on a consolidated basis saw a positive decline of approximately 11.6% YoY.
Key Highlights
Consolidated Revenue from operations increased to ₹1,192.13 crore in Q3 FY26 from ₹889.73 crore in Q3 FY25.
Standalone net profit recorded at ₹12.41 lakh, recovering from a loss of ₹1,216.09 lakh YoY.
Consolidated finance costs reduced to ₹132.80 crore from ₹150.24 crore in the same period last year.
Ongoing legal dispute and NCLT insolvency petition by Reliance Alpha Services involving ₹35,379.75 lakhs.
Employee benefit expenses rose to ₹630.43 crore, impacted slightly by new Indian Labour Codes.
💼 Action for Investors
Investors should weigh the strong operational revenue growth against the significant legal risk posed by the pending NCLT insolvency petition. Maintain a watch on the legal proceedings regarding the Reliance Alpha Services dispute as it remains a critical risk factor.
Shriram Pistons & Rings to Host Q3 & 9M FY26 Earnings Call on February 3, 2026
Shriram Pistons & Rings Limited has scheduled its earnings conference call for the third quarter and nine months of FY26 on February 3, 2026, at 4:00 PM IST. The management team, including the MD & CEO and the CFO, will discuss the company's financial performance and future outlook. This call is a key opportunity for investors to gain insights into the company's operational efficiency and market position. The event will be conducted virtually via an audio conference call.
Key Highlights
Earnings call for Q3 and 9M FY26 scheduled for February 3, 2026, at 16:00 IST
Management representation includes MD & CEO Krishnakumar Srinivasan and CFO Prem Rathi
Universal dial-in numbers provided: +91 22 6280 1107 and +91 22 7115 8008
International toll-free numbers available for UK, USA, Singapore, and Hong Kong
💼 Action for Investors
Investors should attend the call to understand the impact of automotive industry trends on the company's piston and ring segments. Key focus areas should be management's guidance on revenue growth and margin sustainability.
NRB Bearing Subsidiary to Acquire Mahant Tool Room for INR 27.50 Crore
NRB Bearing's wholly owned subsidiary, Mahant Tool Room Private Limited, has agreed to acquire the business of Mahant Tool Room (MTR) for a fixed cash consideration of INR 27.50 crore. This acquisition marks NRB Bearing's strategic entry into the aerospace industry, specifically in precision machined components for engine and fuel systems. Although MTR's FY25 turnover was relatively small at INR 1.88 crore, the business comes with a substantial confirmed order book of over INR 25 crore. The deal also includes additional milestone-based payments over the next three years, aligning future payouts with performance.
Key Highlights
Acquisition of MTR business for a fixed cash consideration of INR 27.50 crore plus milestone-based payments.
Strategic entry into the aerospace sector for manufacturing precision machined components.
Target entity brings a confirmed order book exceeding INR 25 crore, significantly higher than its FY25 turnover of INR 1.88 crore.
Transaction expected to be completed within 3 months from the agreement date.
MTR has shown consistent turnover growth from INR 1.11 crore in FY23 to INR 1.88 crore in FY25.
💼 Action for Investors
Investors should monitor the company's ability to scale the aerospace business given the large order book relative to current revenue. This diversification into high-precision engineering is a long-term positive for the company's margin profile.
Prime Focus Q3 Consolidated Revenue Surges 46% YoY; Standalone Turns Profitable
Prime Focus reported a strong consolidated performance for Q3 FY26, with total income rising to ₹1,213.99 crore from ₹826.60 crore in the same quarter last year. On a standalone basis, the company turned a marginal profit of ₹12.41 lakh, recovering from a significant loss of ₹12.16 crore in the year-ago period. However, the company faces a major legal hurdle with an ongoing insolvency petition filed by Reliance Alpha Services Private Limited (RASPL) claiming ₹353.80 crore. Operational growth is visible, but high finance costs and legal contingencies remain key monitoring points.
Key Highlights
Consolidated total income grew by 46.8% YoY to ₹1,213.99 crore in Q3 FY26.
Standalone net profit stood at ₹12.41 lakh vs a loss of ₹1,216.09 lakh in Q3 FY25.
Ongoing legal dispute with Reliance Alpha Services involves a claim of ₹35,379.75 lakh and an NCLT insolvency petition.
The company allotted 1.33 crore equity shares during the nine-month period ended December 2025 via ESOPs.
Consolidated employee benefit expenses rose to ₹630.43 crore from ₹503.04 crore YoY.
💼 Action for Investors
Investors should weigh the strong operational revenue growth against the significant legal risk posed by the NCLT insolvency petition. Maintain a watch on the legal proceedings regarding the ₹353 crore claim before making fresh commitments.
Coforge Shareholders Approve Fundraise and Share Swap; Reject Special Rights Resolution
Coforge shareholders have approved four out of five key resolutions via postal ballot, including a capital raise via QIP and a preferential issue for a share swap related to the Encora acquisition. However, Resolution 3, which sought to grant special rights and amend the Articles of Association, failed to pass as it received only 68.5% votes in favor, falling short of the required 75% threshold. Resolutions 1, 2, 4, and 5 passed with overwhelming support of over 95%. The company is now evaluating the way forward for the failed resolution while proceeding with other regulatory requirements for the acquisition.
Key Highlights
Shareholders approved capital raising via QIP and preferential share swap with over 95% majority.
Resolution 3 for granting special rights and AOA amendment failed with only 68.5% votes in favor.
Special resolutions require a 75% majority; the 6.5% shortfall blocks specific governance changes.
The company is proceeding with all other regulatory and closing requirements for the Encora acquisition.
Enhancement of investment limits under Section 186 was also approved with over 95% support.
💼 Action for Investors
Monitor how the rejection of special rights affects the final terms or governance structure of the Encora acquisition. The strong support for the fundraise and share swap indicates broad investor backing for the deal's strategic intent.
EPACK Prefab Q3 FY26: 9M Revenue Up 41%, Order Book Strong at Rs 1,215 Crore
EPACK Prefab reported a 22% YoY revenue growth for Q3 FY26, despite a sequential dip caused by monsoon seasonality and Rs 35-40 crore in unbilled year-end inventory. The 9M FY26 performance remains robust with revenue and EBITDA growing by 41% and 57% respectively. Management has maintained its annual revenue guidance of Rs 1,500-1,550 crore and margin guidance of 10.5%-11.5%. The company has a strong order book of Rs 1,215 crore, providing clear revenue visibility for the next 7-8 months.
Key Highlights
9M FY26 revenue and EBITDA grew by 41% and 57% YoY respectively, showing strong operational scaling.
Order book stands at Rs 1,215 crore as of January 1, 2026, with significant exposure to Renewables (25-28%) and Electronics (18%).
Average capacity utilization across three plants reached 74%+, with new Mumbattu capacity (Unit-4) expected in Q4 FY26.
Maintained FY26 revenue guidance of Rs 1,500-1,550 crore and margin guidance of 10.5%-11.5%.
CAPEX of Rs 56-57 crore for Unit-4 is on track, and a new sandwich panel line is expected by Q3 FY27.
💼 Action for Investors
Investors should overlook the seasonal QoQ dip and focus on the strong YoY growth and robust order book. The company's strategic positioning in high-growth sectors like renewables and semiconductors provides a positive long-term outlook.
Dr. Reddy's Q3FY26: Revenue Grows 4.4% to ₹8,727 Cr; Adjusted EBITDA Margin at 24.8%
Dr. Reddy's reported a resilient Q3FY26 with revenue growth of 4.4% YoY to ₹8,727 crores, driven by double-digit growth in the base business excluding Lenalidomide. Reported PAT declined 14% YoY to ₹1,210 crores, impacted by lower Lenalidomide sales and a one-time provision for new Indian Labour Codes. Adjusted for this one-off, the EBITDA margin remained healthy at 24.8%. The company continues to strengthen its pipeline with the US BLA filing for Abatacept and DCGI approval for Semaglutide in India.
Key Highlights
Consolidated revenue reached ₹8,727 crores, up 4.4% YoY, supported by branded markets and favorable forex.
Adjusted EBITDA margin stood at 24.8% after excluding a one-time labor code provision; reported margin was 23.5%.
Net cash surplus remains robust at ₹3,069 crores ($342 million) as of December 31, 2025.
Received DCGI marketing authorization for Semaglutide injection in India and filed US BLA for Abatacept biosimilar.
USFDA issued a Complete Response Letter (CRL) for Denosumab biosimilar due to partner Alvotech's facility observations.
💼 Action for Investors
Investors should monitor the ramp-up of the base business to offset the declining Lenalidomide contribution and track regulatory progress on the Semaglutide and Abatacept pipelines. The stock remains a solid play on biosimilars and emerging market growth, supported by a strong net-cash balance sheet.
Sumitomo Chemical Q3 PAT Falls 13% to ₹76 Cr on One-time Charge; Margins Expand 522 bps
Sumitomo Chemical India reported a 12% YoY decline in Q3FY26 revenue to ₹568 crore, largely due to the strategic discontinuation of the low-margin Animal Nutrition distribution business. Despite the revenue dip, gross margins expanded significantly by 522 bps to 47.4% due to a favorable product mix and disciplined pricing. Net profit fell 13% to ₹75.8 crore, primarily impacted by a one-time exceptional charge of ₹16.1 crore related to new Labour Code provisions. The company also announced a strategic ₹150 crore capex for its Dahej site to manufacture patented molecules for its Japanese parent company.
Key Highlights
Q3 Revenue declined 12% YoY to ₹568 crore, impacted by a ₹72 crore revenue loss from discontinued low-margin business.
Gross Profit Margin improved to 47.4% from 42.1% YoY, while EBITDA margin rose to 17.5%.
Board approved ₹150 crore capex for a herbicide intermediate plant at Dahej for global supply to the parent company.
Net Profit of ₹75.8 crore was affected by a ₹16.1 crore one-time exceptional charge; excluding this, PBT remained stable.
Cash and cash equivalents stood at a robust ₹2,163 crore as of December 31, 2025.
💼 Action for Investors
Investors should look past the headline PAT decline as it was driven by a one-time charge and the exit from low-margin segments. The significant margin expansion and the new capex for the parent company's patented molecules signal a positive long-term shift toward higher-value manufacturing.
Anthem Biosciences to Host Q3FY26 Earnings Call on February 5, 2026
Anthem Biosciences Limited has issued a revised schedule for its earnings conference call to discuss the unaudited financial results for Q3 and the nine months ended December 31, 2025. The call is scheduled for Thursday, February 5, 2026, at 02:30 PM IST. This revision was necessitated by a non-functional joining link in the previous intimation. Senior management, including the MD & CEO and the CFO, will be present to discuss performance and answer questions.
Key Highlights
Earnings conference call scheduled for February 5, 2026, at 02:30 PM IST.
Focus on Unaudited Standalone and Consolidated Financial Results for Q3 and 9M FY26.
Management participants include MD & CEO Ajay Bhardwaj and CFO Gawir Baig.
Revised intimation provides corrected functional Diamond Pass registration links.
Call hosted by JM Financial Institutional Securities Limited.
💼 Action for Investors
Investors interested in the company's quarterly performance should use the revised link to join the call on February 5. No immediate action is required as this is a routine administrative update.
Alldigi Tech Declares 2nd Interim Dividend of INR 30 Per Share for FY 2025-26
Alldigi Tech Limited has declared a substantial second interim dividend of INR 30 per equity share for the financial year 2025-26, representing a 300% payout on its face value of INR 10. The company has established February 04, 2026, as the record date to identify eligible shareholders for this distribution. The dividend is scheduled to be paid to shareholders on or before February 20, 2026. This announcement was made alongside the approval of the company's unaudited financial results for the quarter and nine months ended December 31, 2025.
Key Highlights
Declared 2nd Interim Dividend of INR 30 per equity share of face value INR 10
Record date for determining shareholder eligibility is February 04, 2026
Dividend payment to be completed on or before February 20, 2026
Board approved Q3 and nine-month financial results ended December 31, 2025
Meeting concluded at 7:50 P.M. IST following the dividend and results approval
💼 Action for Investors
Investors interested in the dividend should ensure they hold the stock before the ex-dividend date associated with the February 04 record date. Long-term investors should also review the accompanying Q3 financial results to assess the sustainability of such high payouts.