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Ramkrishna Forgings Q3 FY26 PAT Plummets 91% YoY to ₹13.1 Cr; Revenue Dips to ₹939.6 Cr
Ramkrishna Forgings reported a sharp decline in profitability for the quarter ended December 31, 2025, with Net Profit falling to ₹13.12 crore from a restated ₹152.57 crore in the previous year. Revenue from operations also contracted slightly to ₹939.60 crore compared to ₹967.56 crore YoY. The bottom line was significantly impacted by an exceptional loss of ₹9.41 crore and high operational expenses. Furthermore, the company continues to manage the fallout from inventory discrepancies identified in April 2025, which necessitated the restatement of prior-year figures.
Key Highlights
Net Profit (PAT) crashed by 91.4% YoY to ₹13.12 crore in Q3 FY26.
Revenue from operations declined 2.9% YoY to ₹939.60 crore from ₹967.56 crore.
Reported an exceptional loss of ₹9.41 crore during the quarter ended December 2025.
Finance costs remained elevated at ₹42.19 crore compared to ₹37.30 crore in the year-ago period.
Inventory discrepancies in Work-in-Progress (WIP) led to a restatement of Q3 FY25 comparative figures.
💼 Action for Investors
Investors should exercise caution due to the significant margin compression and the lingering impact of inventory accounting issues. It is advisable to wait for management's guidance on volume growth and debt reduction before making new commitments.
Marico Q3 FY26: Revenue Surges 27% to ₹3,537 Cr; Domestic Volume Growth Hits 8%
Marico reported a robust 27% YoY revenue growth in Q3 FY26, reaching ₹3,537 crore, supported by an 8% volume growth in the domestic market. While recurring PAT grew 12% to ₹447 crore, EBITDA margins contracted by 234 bps to 16.7% due to a sharp 84% YoY increase in Copra prices. The company's diversification strategy is yielding results, with the Foods segment growing 50% and international business maintaining strong momentum at 21% constant currency growth. A strategic investment in 4700BC further expands Marico's footprint in the premium gourmet snacking category.
Key Highlights
Consolidated Revenue grew 27% YoY to ₹3,537 Cr with domestic volume growth at 8%.
International business delivered 21% constant currency growth, led by Bangladesh and Vietnam.
Foods portfolio recorded 50% value growth and is on track to reach ~8x of FY20 scale by FY27.
EBITDA margins stood at 16.7%, impacted by significant input cost inflation in Copra (+84% YoY).
Digital-first brands are scaling well, with an expected FY26 exit ARR of over ₹1,000 crore.
💼 Action for Investors
Investors should view the strong volume recovery and diversification into high-growth Foods and Digital-first brands as long-term positives. While raw material inflation is currently pressuring margins, the company's pricing interventions and premiumization strategy are expected to mitigate these impacts over time.
PDS Limited Streamlines Structure; Step-Down Subsidiary Kontemporary Koncepts Struck-Off
PDS Limited has announced the strike-off of its step-down subsidiary, Kontemporary Koncepts Private Limited, effective January 20, 2026. This action is part of a corporate initiative to eliminate non-operational and redundant entities within the PDS Group. The subsidiary had zero turnover and zero net worth contribution to the consolidated financials during the last financial year. As a result, the company expects no material impact on its overall financial position or business operations.
Key Highlights
Kontemporary Koncepts Private Limited ceased to be a step-down subsidiary effective January 20, 2026.
The subsidiary contributed 0% to the consolidated turnover and net worth of PDS Limited.
The strike-off is part of a strategic move to streamline the corporate structure and reduce administrative overhead.
The company received the official notice of strike-off on January 27, 2026.
💼 Action for Investors
This is a routine administrative update with no financial impact. No action is required from investors as this does not change the company's fundamental value.
Omax Autos Approves Q3 FY26 Financial Results and Appoints New Internal Auditors
Omax Autos Limited held a board meeting on January 27, 2026, to approve its unaudited financial results for the quarter and nine months ended December 31, 2025. Along with the earnings approval, the board appointed M/s. T S A Business Advisors Private Limited as the Internal Auditors for the fourth quarter of FY 2025-26. This appointment follows the recommendation of the Audit Committee to oversee professional financial and advisory compliance. Investors should review the detailed financial annexures to assess the company's operational performance during the period.
Key Highlights
Board approved unaudited financial results for the quarter and nine months ended December 31, 2025.
M/s. T S A Business Advisors Private Limited appointed as Internal Auditors for Q4 FY 2025-26.
The board meeting commenced at 12:45 P.M. and concluded at 3:30 P.M. on January 27, 2026.
The newly appointed internal audit firm is an outgrowth of Tarun Subhash Arora & Co., established in 2012.
💼 Action for Investors
Investors should examine the specific revenue and profit figures in the detailed Q3 filing to evaluate growth trajectory. Monitor the transition to the new internal auditors for any improvements in financial reporting and internal controls.
Marico Q3 FY26 Results: Net Profit Rises 13.3% to ₹460 Cr; Revenue Up 26.6% YoY
Marico Limited reported a strong performance for the quarter ended December 31, 2025, with revenue from operations growing 26.6% YoY to ₹3,537 crore. Consolidated net profit increased by 13.3% to ₹460 crore, supported by robust top-line growth despite rising raw material costs. For the nine-month period of FY26, the company's revenue crossed the ₹10,000 crore milestone, reaching ₹10,278 crore. The company continues to invest in brand building, with advertisement expenses rising to ₹336 crore for the quarter.
Key Highlights
Revenue from operations surged 26.6% YoY to ₹3,537 crore in Q3 FY26.
Consolidated Net Profit grew 13.3% YoY to ₹460 crore from ₹406 crore.
Basic Earnings Per Share (EPS) increased to ₹3.45 from ₹3.08 in the year-ago period.
Nine-month revenue for FY26 reached ₹10,278 crore compared to ₹8,101 crore in FY25.
Cost of materials consumed rose to ₹1,525 crore, reflecting inflationary pressures in the supply chain.
💼 Action for Investors
The strong revenue growth indicates robust demand and market share gains; investors should maintain a positive outlook on the stock as a core FMCG holding. Monitor the impact of raw material price trends on operating margins in the coming quarters.
CG Power Declares ₹1.30 Interim Dividend and Re-appoints Independent Director
CG Power and Industrial Solutions has declared an interim dividend of ₹1.30 per equity share (65% of face value) for the financial year 2025-26. The board has set February 1, 2026, as the record date for dividend eligibility. Additionally, the company approved the re-appointment of Mr. Sriram Sivaram as a Non-Executive Independent Director for a second five-year term starting June 2026. The board also processed the re-classification of Algavista Greentech Private Limited from the promoter group to the public category.
Key Highlights
Interim dividend of ₹1.30 per share declared, representing 65% on a face value of ₹2
Record date for dividend payment fixed as Sunday, February 1, 2026
Mr. Sriram Sivaram re-appointed as Independent Director for a 5-year term until June 10, 2031
Algavista Greentech Private Limited re-classified from Promoter Group to Public category
Unaudited financial results for Q3 and nine months ended December 31, 2025, approved by the board
💼 Action for Investors
Investors should ensure they hold shares before the February 1, 2026 record date to qualify for the ₹1.30 dividend. The leadership continuity and dividend payout reflect stable governance and healthy cash flow management.
MMTC Appoints IIT Bombay Alumnus Asit Gopal as Government Nominee Director
MMTC Limited has appointed Shri Asit Gopal as a Non-Executive Government Nominee Director effective January 27, 2026. Mr. Gopal is a senior Indian Government officer with over 30 years of experience in public administration, finance, and various ministries. He currently serves as Special Secretary & Financial Advisor in the Ministry of Textiles and holds an MBA along with a B.Tech from IIT Bombay. This appointment is a routine regulatory update for the Public Sector Undertaking (PSU) following a directive from the Ministry of Commerce & Industry.
Key Highlights
Appointment of Shri Asit Gopal as Government Nominee Director effective January 27, 2026
Appointee brings over 30 years of experience in public administration and finance
Educational background includes a B.Tech from IIT Bombay and an MBA
Currently holds the position of Special Secretary & Financial Advisor in the Ministry of Textiles
Confirmed that the appointee is not debarred from holding office by SEBI or any other authority
💼 Action for Investors
This is a routine management update for a PSU and does not necessitate any immediate change in investment strategy. Investors should continue to monitor the company's operational performance and government policy changes affecting the trading sector.
AWL Agri Business to Strike Off Inactive Subsidiary AWL Edible Oils and Foods
AWL Agri Business Limited, formerly known as Adani Wilmar, has filed an application to strike off its wholly-owned subsidiary, AWL Edible Oils and Foods Private Limited. The subsidiary is currently non-operational, reporting zero revenue for the fiscal year ending March 31, 2025. With a net worth of only ₹6.81 lakh, the entity's closure will have no material impact on the parent company's consolidated financials. The process is expected to be completed within six months following regulatory approvals.
Key Highlights
Wholly owned subsidiary AWL Edible Oils and Foods Private Limited filed for strike-off on January 27, 2026.
The subsidiary reported Nil revenue and a negligible net worth of ₹6,80,919 as of March 31, 2025.
The strike-off process is estimated to be completed within a tentative timeline of 6 months.
The move is part of administrative streamlining and carries no significant financial implications for shareholders.
💼 Action for Investors
Investors should view this as a routine corporate cleanup of an inactive entity. No action is required as it does not affect the core business operations or profitability.
Adani Green Confirms 7 GWh BESS Target and ₹40,000 Crore Capex Plan for FY27
Adani Green Energy Limited (AGEL) has clarified media reports, confirming its ambitious target to deploy 7 GWh of Battery Energy Storage Systems (BESS) in Gujarat. The company is planning a massive capital expenditure of up to ₹40,000 crore for the financial year 2027 to drive this growth. AGEL intends to more than double its BESS capacity in the subsequent financial year compared to current levels. This expansion is part of its strategy to lead large-scale renewable energy storage implementation in India.
Key Highlights
Targeting 7 GWh Battery Energy Storage Systems (BESS) capacity in Gujarat
Planned capital expenditure (capex) of up to ₹40,000 crore for FY27
Intends to more than double (2x) BESS capacities in the subsequent financial year
On track to deploy one of the world's largest single-location BESS projects in the coming months
💼 Action for Investors
Investors should view this as a strong growth signal, though they should monitor the company's debt levels and funding strategy for the ₹40,000 crore capex. The focus on BESS is a critical competitive advantage in the renewable energy sector.
GP Petroleums Wins ₹38.13 Crore Order from BPCL for Bulk Bitumen Supply
GP Petroleums Limited has secured a contract from Bharat Petroleum Corporation Limited (BPCL) for the supply of bulk bitumen. The company emerged as the L1 bidder for 6,000 MT of VG30 bitumen and L2 for 1,800 MT of VG40 bitumen. The total contract value is approximately ₹38.13 Crores, including GST. The execution period is one year, starting from January 23, 2026, with a potential one-year extension at BPCL's discretion.
Key Highlights
Total order value of ₹38,13,21,720 inclusive of GST
Supply of 6,000 MT of VG30 (L1 status) and 1,800 MT of VG40 (L2 status) Bulk Bitumen
Contract execution period from January 23, 2026, to January 22, 2027
Provision for a one-year extension at the sole discretion of BPCL
Supply location designated at Pipavav Port
💼 Action for Investors
Investors should monitor the company's ability to maintain margins on this PSU contract. This win provides healthy revenue visibility for the next fiscal year.
MTNL Fined ₹11 Lakh by TRAI for QoS Violations and Non-Compliance
The Telecom Regulatory Authority of India (TRAI) has imposed a financial penalty of ₹11 lakh on MTNL for failing to submit its Performance Monitoring Report for April 2025. The penalty also covers contraventions of the Quality of Service (QoS) standards for wireline, wireless, and broadband services. Specifically, MTNL failed to provide mandatory geospatial coverage maps on its website and missed reporting deadlines for the Delhi LSA. Although MTNL states there is no material impact on operations, this reflects ongoing administrative and regulatory challenges for the state-run entity.
Key Highlights
TRAI imposed a total financial disincentive of ₹11,00,000 on MTNL via an order dated January 23, 2026.
The penalty is for failing to submit the Performance Monitoring Report (PMR) for the Delhi LSA for April 2025.
MTNL was found in violation for not publishing geospatial coverage maps on its website as required by 2024 regulations.
The company reported 100% compliance for Mumbai LSA but failed to actually publish the required information.
MTNL management claims the fine will not have a material impact on the company's financial or operational activities.
💼 Action for Investors
While the financial penalty is relatively small, investors should remain cautious as this highlights persistent operational inefficiencies and regulatory lapses. Monitor the company for further signs of administrative weakness or larger regulatory actions.
Nestle India Reports Zero Physical Share Transfer Requests for Dec 2025-Jan 2026 Period
Nestle India Limited has filed a report regarding the re-lodgement of physical share transfer requests for the period between December 1, 2025, and January 6, 2026. This disclosure is in compliance with the SEBI circular dated July 2, 2025, which established a special window for such transfers. The company's Registrar and Share Transfer Agent, Alankit Assignments Limited, confirmed that zero requests were received or processed during this timeframe. This is a standard regulatory filing with no impact on the company's operations or financial health.
Key Highlights
Reporting period covered is from December 1, 2025, to January 6, 2026
Total number of physical share transfer requests received was 0
Total number of requests processed, approved, or rejected was 0
Filing complies with SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97
💼 Action for Investors
No action is required from investors as this is a routine administrative disclosure. Shareholders are reminded that SEBI mandates the holding of securities in dematerialized form for most transactions.
DEVIT Secures INR 3.18 Crore Order for IFMS 3.0 Development from Rajasthan Government
Dev Information Technology Limited (DEVIT) has been awarded a work order worth approximately INR 3.18 Crore from the National Informatics Centre Services Incorporated (NICSI). The contract involves the development of IFMS 3.0 Web and Mobile Applications for the Directorate of Treasuries and Accounts, Government of Rajasthan. The project covers critical modules like Pension, Employee, and Salary Management. With an execution timeline of just 4 months, this order provides immediate revenue visibility for the company.
Key Highlights
Total order value of approximately INR 3.18 Crore for software development.
Client: Directorate of Treasuries and Accounts, Government of Rajasthan (via NICSI).
Scope includes development of IFMS 3.0 Web and Mobile Applications for finance department functionalities.
Execution period is approximately 4 months, ensuring quick project completion and revenue recognition.
💼 Action for Investors
The contract reinforces DEVIT's expertise in government digital transformation projects and provides short-term revenue growth. Investors should monitor the company's ability to secure larger-scale government contracts through its NICSI empanelment.
Lancor Holdings to Gain Possession of Chennai Commercial Property by Feb 15, 2026
Lancor Holdings Limited has successfully secured a favorable order from the Hon’ble High Court of Delhi regarding a commercial property in T Nagar, Chennai. The property, located at VTN Square, was previously purchased via e-auction but was subject to a stay and held by an Official Liquidator. The court has now directed the release of the property, with vacant possession expected to be handed over to the company by February 15, 2026. This resolution is expected to improve operational efficiency and reduce ongoing litigation expenses.
Key Highlights
Delhi High Court orders release of 1st-floor commercial property at VTN Square, Chennai.
Vacant possession to be handed over to Lancor Holdings by February 15, 2026.
Property was originally purchased through an e-auction via Bank of India, Asset Recovery Branch.
The acquisition will augment workspace for staff and management, aiming to increase work efficiency.
The resolution of this matter is expected to lead to a reduction in company litigation costs.
💼 Action for Investors
This is a positive development as it resolves a legal dispute and adds functional real estate to the company's operations. Investors should monitor the timely handover and the subsequent impact on operational overheads.
Aditya Vision Q3 FY26 Revenue Jumps 28% YoY to ₹649 Cr; Adjusted PAT Up 18%
Aditya Vision reported a robust Q3 FY26 performance with revenue growing 27.6% YoY to ₹649 crore, fueled by festive demand and GST 2.0 reforms. Adjusted PAT rose 17.5% to ₹28 crore, excluding a one-time statutory impact of ₹1.5 crore related to new labor codes. The company expanded its retail footprint to 192 stores and is on track to cross the 200-store milestone in FY26. While EBITDA margins saw a slight compression to 8.2%, gross margins improved to 15.8% due to a better product mix.
Key Highlights
Q3 FY26 Revenue grew 27.6% YoY to ₹649 crore; 9M FY26 Revenue reached ₹2,047 crore.
Adjusted PAT for Q3 increased 17.5% YoY to ₹28 crore, excluding exceptional labor code provisions.
Total store count reached 192 across Bihar, Jharkhand, and UP, with 4 new additions in Q3.
Gross margins improved by 20 bps YoY to 15.8% aided by premiumization and product mix.
Management announced upcoming expansion into Chhattisgarh and Madhya Pradesh in the current calendar year.
💼 Action for Investors
Investors should focus on the company's successful 'creeping cluster' expansion strategy and the potential demand boost from GST rate cuts. The stock remains a key beneficiary of rising disposable income in the Hindi heartland.
Akash Infra Projects Secures ₹3.90 Crore Road Resurfacing Order in Mehsana
Akash Infra Projects Limited has received a new work order valued at approximately ₹3.90 crore from the Panchayat R&B Department, District Panchayat Mehsana. The project involves the resurfacing of various roads in the Kadi Taluka region of Gujarat. This contract adds to the company's existing order book and demonstrates continued business traction in its core geographic market. While the contract value is modest, it reflects the company's steady participation in regional infrastructure development.
Key Highlights
Total work order value amounts to ₹3,89,52,541.74
Contract awarded by the Office of the Executive Engineer, Panchayat R&B Department, Mehsana
Project scope includes resurfacing of various roads in Ta. Kadi, Dist. Mehsana
Order received and announced on January 27, 2026
💼 Action for Investors
This is a routine positive development for the company; investors should monitor the cumulative order book growth and execution timelines in future quarterly reports.
NBCC Secures New Work Orders Worth Rs 62.62 Crore
NBCC (India) Limited has been awarded two new domestic work orders totaling approximately Rs 62.62 crore. The primary order, valued at Rs 56.23 crore, involves construction and renovation work for five state public universities in Odisha under the PM-USHA scheme. A secondary order of Rs 6.39 crore was secured from NHPC Limited for residential construction in Jammu. Both projects are being executed under the Project Management Consultancy (PMC) model, which is the company's core business segment.
Key Highlights
Total value of newly awarded work orders is approximately Rs 62.62 crore.
Major order worth Rs 56.23 crore received from the Higher Education Department, Govt. of Odisha.
Minor order worth Rs 6.39 crore received from NHPC Limited for residential rooms in Jammu.
Both contracts are domestic projects categorized under Project Management Consultancy (PMC).
The orders were received in the ordinary course of business for the company.
💼 Action for Investors
These are routine order wins and are relatively small compared to NBCC's massive existing order book. Investors should continue to monitor the company's execution efficiency and quarterly margin performance.
Aditya Vision Q3 FY26 Revenue Jumps 27.6% YoY to ₹648.86 Cr; PAT up 12.7%
Aditya Vision Limited reported a strong performance for the quarter ended December 31, 2025, with revenue from operations growing 27.6% YoY to ₹648.86 crore. Net profit for the quarter rose by 12.7% YoY to ₹27.31 crore, despite an exceptional charge of ₹1.53 crore related to the new Labour Code provisions. The company's EPS improved to ₹2.12 from ₹1.89 in the corresponding quarter of the previous year. For the nine-month period, total revenue reached ₹2,054.31 crore, reflecting steady expansion in the consumer electronics retail space.
Key Highlights
Revenue from operations grew 27.6% YoY to ₹648.86 crore in Q3 FY26 compared to ₹508.45 crore in Q3 FY25.
Net Profit (PAT) increased by 12.7% YoY to ₹27.31 crore, up from ₹24.22 crore in the same period last year.
The company recorded an exceptional item of ₹1.53 crore due to the statutory impact of the New Labour Code regarding higher gratuity provisions.
Nine-month (9M FY26) revenue stands at ₹2,046.59 crore, showing robust growth over ₹1,773.08 crore in 9M FY25.
Basic EPS for the quarter rose to ₹2.12 from ₹1.89 YoY, while 9M EPS reached ₹7.39.
💼 Action for Investors
Investors should view the strong top-line growth as a positive sign of market share gains in the retail electronics sector. While revenue growth is robust, monitor the operating margins as expenses grew at a slightly faster pace than net profit.
Jagsonpal Pharma Q3 PAT Rises 10% to ₹12.5 Cr; Management Guides for Q4 Recovery
Jagsonpal Pharmaceuticals reported a flattish Q3 FY26 with revenue at ₹73 crores, though PAT grew 10% YoY to ₹12.5 crores. The company faced headwinds as its relevant market (RPM) grew only 3-3.5% compared to the broader pharma market's 8% growth. Management attributed the performance to internal recalibrations and leadership transitions, including a ₹2.1 crore one-time provision for the new labor code. Despite the slow quarter, the company maintains a strong cash position of ₹176 crores and expects double-digit growth to resume from Q4 FY26.
Key Highlights
Q3 FY26 Revenue stood at ₹73 crores, while 9M FY26 revenue grew 6% YoY to ₹223 crores.
PAT for the quarter increased by 10% YoY to ₹12.5 crores with margins improving 180 bps to 17.1%.
Free cash balance reached ₹176 crores, reflecting an increase of ₹15.2 crores during the quarter.
Exceptional item of ₹2.1 crores provided for past service costs related to the new labor code.
Management expects growth acceleration to double digits starting from Q4 FY26 following field force recalibration.
💼 Action for Investors
Investors should monitor the promised recovery in Q4 to see if internal leadership changes and strategy refreshes translate into higher volume growth. The strong cash position and debt-free status provide a significant cushion for future expansion or acquisitions.
HEC Infra Projects Secures ₹6.14 Crore Order from Advait Energy Transitions
HEC Infra Projects Limited has bagged a domestic contract worth ₹6.14 crores from Advait Energy Transitions Limited. The scope of work includes the design, manufacturing, testing, and supply of pole accessories for the PGVCL project in Gujarat. The project is expected to be executed within a period of 12 months. This win is part of the company's strategy to scale its operations and bid for larger infrastructure projects in the future.
Key Highlights
Secured a domestic work order valued at ₹6.14 crores from Advait Energy Transitions Limited
Contract involves design, manufacturing, and supply of pole accessories for PGVCL projects in Amreli and Bhavnagar
Execution period for the entire contract is set at 12 months
The company plans to leverage this experience to bid for similar private and government projects nationwide
💼 Action for Investors
This is a positive development for the company's order book; however, given the relatively small contract size, investors should monitor for larger order wins to signal a significant growth trajectory.