📈 Live Market Tracking
AI-Powered NSE Corporate Announcements Analysis
Raymond Lifestyle Q3 Revenue Grows 9.4% YoY to ₹1,466 Cr; Operating Margins Expand to 13.85%
Raymond Lifestyle Limited reported a steady 9.4% YoY increase in standalone revenue for Q3 FY26, reaching ₹1,466.23 crore. While Profit After Tax (PAT) for the quarter dipped 7.2% YoY to ₹49.45 crore due to an exceptional loss of ₹42.68 crore, the company's operational efficiency improved with operating margins rising to 13.85% from 11.32%. The nine-month performance remains exceptionally strong, with PAT more than doubling to ₹112.94 crore compared to ₹55.49 crore in the previous year. The company maintains a robust balance sheet with a low debt-to-equity ratio of 0.11.
Key Highlights
Standalone revenue from operations increased 9.4% YoY to ₹1,466.23 crore in Q3 FY26.
Operating margin improved significantly to 13.85% in Q3 FY26 from 11.32% in Q3 FY25.
Nine-month PAT (Apr-Dec 2025) surged 103% YoY to ₹112.94 crore.
Quarterly PAT was impacted by an exceptional loss of ₹42.68 crore, resulting in a 7.2% YoY decline to ₹49.45 crore.
Financial health remains strong with a Debt-Equity ratio of 0.11 and an Interest Service Coverage Ratio of 4.59x.
💼 Action for Investors
Investors should look past the quarterly PAT dip caused by one-time exceptional items and focus on the significant margin expansion and strong 9-month growth trajectory. The stock remains a solid play in the lifestyle and branded apparel segment given its improving operational metrics.
RateGain Expands AI Concierge Rollout Across 700+ Red Roof Properties via Sojern
RateGain Travel Technologies has announced the deployment of its Sojern AI Concierge solution across Red Roof’s portfolio of over 700 properties and 60,000 rooms. This expansion follows the successful adoption of the Reputation Manager tool, which helped Red Roof achieve a 6.64% improvement in internal quality metrics during Q4 2025. The move demonstrates RateGain's ability to cross-sell AI-powered SaaS solutions to large-scale hospitality chains following its acquisition of Sojern. This rollout aims to automate guest interactions and reduce front-desk workloads while improving guest satisfaction scores.
Key Highlights
Deployment of AI Concierge across Red Roof's 700+ properties and 60,000+ rooms in the U.S. and Japan.
Red Roof reported a 6.64% improvement in internal quality metrics and a 3.14% increase in social scores in Q4 2025.
The solution is powered by Sojern, RateGain's recently acquired AI marketing and guest experience platform.
RateGain currently serves 33 of the top 40 hotel chains and 25 Global Fortune 500 companies.
💼 Action for Investors
Investors should view this as a positive validation of RateGain's acquisition strategy and its ability to scale AI-driven SaaS products within large global hotel chains. Monitor for similar enterprise-level contract expansions which drive high-margin recurring revenue.
DREDGECORP Completes Transition to KFin Technologies as New Registrar and Share Transfer Agent
Dredging Corporation of India Limited (DREDGECORP) has officially transitioned its Registrar and Share Transfer Agent (R&TA) services to M/s. KFin Technologies Limited. This change follows the expiration of the previous agent's tenure, M/s. Alankit Assignments Limited, on December 31, 2025. The company confirmed that the necessary tripartite agreement with both depositories was successfully completed on January 21, 2026. This administrative update ensures continued management of both physical and electronic share registry services.
Key Highlights
M/s. KFin Technologies Limited appointed as R&TA effective from January 1, 2026
Previous tenure of M/s. Alankit Assignments Limited ended on December 31, 2025
Tripartite agreement with depositories finalized on January 21, 2026
Change covers both physical and electronic connectivity for ISIN INE506A01018
💼 Action for Investors
Investors and shareholders should direct all future correspondence regarding share transfers, dematerialization, and dividend queries to KFin Technologies. No action is required regarding existing holdings as the transition is a standard administrative procedure.
Hexaware Named 2nd Fastest-Growing Indian IT Brand; Brand Value Up 140% Since 2021
Hexaware Technologies has been recognized as the second-fastest-growing Indian IT services brand in the Brand Finance 'IT Services 25 2026' report. The company's brand value has surged by approximately 140% since 2021, positioning it to potentially cross the USD 1 billion valuation mark within the next couple of years. It currently holds an AA+ brand strength rating, ranking 7th among Indian peers and 14th globally. This growth is attributed to the company's AI-first strategy and its ability to create consistent customer value at scale.
Key Highlights
Ranked as the 2nd fastest-growing Indian IT services brand by brand value in 2026.
Brand value has increased by approximately 140% since 2021, nearing the USD 1 billion mark.
Achieved an AA+ brand strength rating following a 12-point improvement in brand strength metrics.
Ranked 14th globally and 7th among Indian IT services brands for overall brand strength.
The recognition highlights the success of Hexaware's AI-led innovation and people-centric culture.
💼 Action for Investors
Investors should view this as a positive indicator of Hexaware's increasing market competitiveness and potential for higher-value deal wins. Monitor if this enhanced brand equity translates into improved revenue growth and market share gains in the coming quarters.
WeWork India Q3 FY26 PAT Surges 512% YoY to ₹52 Cr; Revenue Up 27%
WeWork India reported a robust Q3 FY26 with revenue reaching ₹640.3 crore, a 27% YoY increase driven by higher capacity and improved occupancy. Net profit (PAT) saw a massive jump of 511.8% YoY to ₹52 crore, reflecting strong operating leverage and a shift towards high-margin managed offices. Portfolio occupancy improved to 83.9%, while the managed office segment now contributes 21% to the total revenue mix. The company generated significant free cash flow of ₹203.8 crore, comfortably funding its expansion through internal accruals.
Key Highlights
Revenue grew 27% YoY to ₹640.3 crore, with EBITDA margins expanding to 21.0%
PAT increased by 511.8% YoY to ₹52.0 crore, showcasing high earnings conversion
Portfolio occupancy reached an all-time high of 83.9%, up 660 bps YoY
Managed Office revenue contribution doubled to 21% in two years, reaching a ₹500 Cr annualized run-rate
Free Cash Flow from operations surged 113.7% QoQ to ₹203.8 crore
💼 Action for Investors
Investors should note the strong growth in managed offices and the massive PAT surge as signs of a maturing, profitable business model. The high ROCE of 32.6% and self-funded growth through internal accruals make it a compelling play in the flexible workspace sector.
Insecticides (India) Promoters Transfer 67.65% Stake to Family Trusts for Succession Planning
The promoter group of Insecticides (India) Limited has completed an internal reorganization, transferring 1,96,83,052 equity shares, representing 67.65% of the company's share capital, to four family trusts. This transfer was executed as a gift at nil value for the purpose of succession planning and streamlining family assets. The transaction was conducted following a specific exemption granted by SEBI in December 2025, ensuring no open offer was triggered. Since this is an internal reshuffle within the promoter group, the total promoter shareholding remains unchanged.
Key Highlights
Transfer of 1,96,83,052 equity shares (67.65% stake) to family-controlled trusts.
Sanskriti Family Trust emerged as the largest holder among the trusts with a 64.66% stake.
Transaction executed as an off-market gift with zero monetary consideration.
Exemption granted by SEBI under Regulation 11(5) of SAST Regulations to facilitate the transfer.
Move is aimed at long-term succession planning and internal reorganization of promoter assets.
💼 Action for Investors
This is a routine internal restructuring for succession planning and does not change the company's fundamentals or management control. Investors should treat this as a neutral event.
WeWork India Q3 FY26: PAT Surges 511% YoY to ₹52 Cr; Revenue Up 27% to ₹640 Cr
WeWork India reported its strongest quarter yet in Q3 FY26, with revenue growing 27% YoY to ₹640.3 crore. Profitability saw a massive jump, with IGAAP equivalent PAT surging 511.8% YoY to ₹52 crore, driven by strong enterprise demand and operational efficiency. EBITDA margins expanded to 21% as the company benefited from mature centers and high occupancy levels of 83.9%. Additionally, the company received a credit rating upgrade to [ICRA] A (Stable), reflecting a strengthened financial profile and robust cash flows.
Key Highlights
Revenue grew 27% YoY to ₹640.3 crore, while IGAAP EBITDA rose 47.6% YoY to ₹134.6 crore.
Net Profit (PAT) skyrocketed by 511.8% YoY to ₹52 crore, with EBITDA margins improving to 21%.
Operational portfolio reached 8.2 million sq ft across 73 centers with a healthy occupancy rate of 83.9%.
Free cash flow from operations stood at ₹203.8 crore, and ROCE improved significantly to 32.6%.
ICRA upgraded the company's credit rating to [ICRA] A (Stable) from [ICRA] A- (Stable) in January 2026.
💼 Action for Investors
The stock is likely to react positively to the exponential growth in PAT and the credit rating upgrade. Investors should monitor the execution of the 11.4 million sq ft expansion pipeline and the sustainability of the 21% EBITDA margins.
Kriti Industries Forfeits Rs 25.24 Crore as 63.69 Lakh Promoter Warrants Lapse
Kriti Industries has announced the cancellation of 63,69,000 convertible warrants as the Promoter Group failed to exercise their conversion option within the stipulated 18-month period. Consequently, the company has forfeited the 25% upfront payment amounting to Rs 25.24 crore, which will be added to the company's reserves. While this represents a significant one-time cash gain and prevents equity dilution, it also means the company will not receive the remaining 75% of the capital infusion originally planned at Rs 158.50 per share.
Key Highlights
63,69,000 convertible warrants lapsed and were cancelled effective January 26, 2026
Company forfeited Rs 25,23,71,625 (25% of the warrant issue price)
The warrants were originally issued to the Promoter Group at a price of Rs 158.50 per share
No equity shares were allotted for these specific warrants, preventing potential dilution
The forfeiture follows the expiry of the mandatory 18-month conversion window
💼 Action for Investors
Investors should view the Rs 25.24 crore forfeiture as a positive non-dilutive cash addition to the balance sheet. However, the promoters' decision not to convert warrants at Rs 158.50 warrants a review of the current market valuation versus the warrant strike price.
Highway Infrastructure Starts ₹328.77 Cr Toll Operations; Order Book Hits ₹1,144 Cr
Highway Infrastructure Limited (HIL) has commenced toll operations at the Kaza Fee Plaza in Andhra Pradesh, its largest single contract to date valued at ₹328.77 crore. This operational milestone has propelled the company's tollways order book to ₹510 crore, a 348% increase since March 2025. The total consolidated order book now stands at ₹1,144 crore, with the EPC segment also growing 52% to ₹633 crore. This asset-light project on the high-traffic NH-16 corridor is expected to provide immediate revenue and strong cash flow visibility.
Key Highlights
Execution of largest-ever toll contract worth ₹328.77 crore at Kaza Fee Plaza
Tollways order book grew 348% from ₹114 crore to ₹510 crore since March 2025
Total consolidated order book reached ₹1,144 crore, enhancing revenue visibility
EPC order book increased 52% to ₹633 crore during the same period
Project covers an 82.5 km stretch on the strategically important NH-16 corridor
💼 Action for Investors
The significant scale-up in the tolling vertical and robust order book growth signal strong near-term growth; investors should monitor execution margins and contract renewals.
WeWork India Q3 FY26 Net Profit at ₹150.6M; Revenue Grows 29% YoY
WeWork India reported a significant turnaround in Q3 FY26, posting a net profit of ₹150.64 million compared to a loss of ₹836.25 million in the same quarter last year. Revenue from operations grew by 28.9% year-on-year to ₹6,319.33 million, reflecting strong demand in the managed workspace segment. This is the company's first full quarter of results following its successful listing on the stock exchanges in October 2025. Despite a one-time exceptional charge of ₹42.94 million related to new labour codes, the company achieved a 104% sequential growth in profit compared to the previous quarter.
Key Highlights
Revenue from operations increased 28.9% YoY to ₹6,319.33 million from ₹4,900.56 million.
Turned profitable with a Net Profit of ₹150.64 million vs a loss of ₹836.25 million in Q3 FY25.
Sequential (QoQ) profit growth of 104% from ₹73.87 million in the September 2025 quarter.
Recognized a one-time exceptional expense of ₹42.94 million for employee benefit provisions under new Labour Codes.
Successfully listed on NSE/BSE on October 10, 2025, following a ₹29,996.43 million IPO (Offer for Sale).
💼 Action for Investors
The turnaround from loss to profitability post-listing is a strong signal of operational efficiency and scale. Investors should monitor the company's ability to maintain occupancy levels and manage finance costs, which remain a significant expense at ₹1,523.25 million.
Castrol India and HPCL Sign MoU to Develop Re-Refined Base Oil Ecosystem
Castrol India has entered into a Memorandum of Understanding (MoU) with HPCL to explore the development of a Re-Refined Base Oil (RRBO) ecosystem in India. The partnership aims to create a circular model for collecting used lubricating oil and re-refining it for use in lubricant production. Studies indicate that re-refining can recover 70-80% of used oil as high-quality base oil while using significantly less energy than crude-based refining. This initiative aligns with global sustainability trends and could potentially optimize raw material costs in the long term.
Key Highlights
MoU signed with HPCL to evaluate the technical and commercial feasibility of a circular RRBO model.
Re-refining technology can recover up to 70-80% of used oil as high-quality base oil.
The process is significantly more energy-efficient than refining virgin base oils from crude oil.
Castrol India to leverage its extensive network of over 150,000 retail outlets for potential collection.
Immediate assessment phase includes mapping collection channels and testing RRBO suitability for formulations.
💼 Action for Investors
This is a positive ESG-led strategic move that could improve supply chain resilience and long-term cost structures. Investors should monitor the progress from the assessment phase to commercial implementation.
CreditAccess Grameen Q3 FY26: PAT Doubles QoQ to ₹252 Cr as Asset Quality Normalizes
CreditAccess Grameen reported a strong recovery in Q3 FY26, with PAT doubling sequentially to INR 252 crore and NIM expanding by 60 bps to 13.9%. Asset quality showed significant improvement as monthly PAR 15+ accretion dropped sharply to 18 bps in December from 47 bps in September. The company maintained robust growth with disbursements of INR 5,767 crore and a 13.4% YoY increase in Net Interest Income. Management highlighted the successful implementation of MFIN guardrails, which significantly reduced exposure to highly indebted borrowers.
Key Highlights
PAT doubled QoQ to INR 252 crore, translating to an ROA of 3.5% and ROE of 13.8%.
Asset quality improved significantly with X bucket collection efficiency at 99.71% and PAR 15+ accretion falling to 18 bps in December.
Net Interest Margin (NIM) expanded by 60 bps QoQ to 13.9%, aided by a 26 bps reduction in average cost of borrowings to 9.4%.
Retail finance portfolio share increased to 14.1% of AUM, up from 11.1% in the previous quarter.
Exposure to borrowers with more than 3 lenders dropped to 4.9% in December 2025 from 25.3% in August 2024.
💼 Action for Investors
Investors should note the sharp decline in PAR accretion and the normalization of the Karnataka market as strong indicators of a turnaround. The company's ability to lower borrowing costs and diversify into retail finance provides a positive outlook for long-term profitability.
Sai Silks (Kalamandir) Q3 FY26 PAT at ₹38.4 Cr; 9M PAT Jumps 50% to ₹108 Cr
Sai Silks (Kalamandir) reported a resilient 9-month performance for FY26, with revenue growing 16.1% YoY to ₹1,234 crores and PAT surging 50% to ₹108 crores. While Q3 revenue moderated to ₹411.25 crores due to the shift of the Dasara festival into Q2, gross margins improved by 40 bps to 42.2%. The company added 11 stores in the first nine months, reaching a total retail footprint of 7.7 lakh sq. ft. Management remains optimistic for FY27, citing a 10% increase in wedding dates and planned expansion into Maharashtra and Kerala.
Key Highlights
9M FY26 PAT increased by 50% YoY to ₹108 Cr, with PAT margins expanding 200 bps to 8.77%.
9M FY26 Revenue grew 16.1% YoY to ₹1,234 Cr, despite Q3 revenue dip to ₹411.25 Cr from ₹448.5 Cr.
Retail footprint expanded by 54,500 sq. ft. in 9M FY26 across 11 new stores; total area at 7.7 lakh sq. ft.
Aggressive FY27 expansion target set at 80,000-85,000 sq. ft. with entry into Maharashtra and Kerala.
Management expects FY27 wedding dates to be 10% higher than FY26, supporting structural demand.
💼 Action for Investors
Investors should look past the Q3 festive-shift volatility and focus on the significant 9-month margin expansion and aggressive geographic diversification. The company's ability to maintain pricing discipline and a debt-free expansion strategy makes it a strong play in the organized ethnic wear segment.
Unichem Labs Files Final Report on Physical Share Transfer Re-lodgements
Unichem Laboratories has submitted its final report regarding the re-lodgement of transfer requests for physical shares to the stock exchanges. This filing is in compliance with the SEBI circular dated July 2, 2025, and covers the period from December 1, 2025, to January 6, 2026. The report was prepared by the company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited. This is a standard administrative update and does not affect the company's business operations or financial health.
Key Highlights
Compliance with SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97
Covers re-lodgement requests from December 1, 2025, to January 6, 2026
Report prepared by Registrar and Share Transfer Agent, MUFG Intime India Private Limited
Final report dated January 21, 2026, submitted to BSE and NSE on January 27, 2026
💼 Action for Investors
No action is required from investors holding shares in dematerialized form. This is a routine regulatory filing concerning the processing of physical share certificates.
RITES Bags $20.6 Million International Order from ICVL Mozambique for Locomotives
RITES Limited has secured a significant international contract from ICVL Mozambique valued at approximately USD 20.6 million. The order involves the supply of New Cape Gauge Diesel Electric Locomotives and includes a provision for preventive maintenance services. The supply phase is expected to be completed within 15 months, while the maintenance services will span 24 months. This win strengthens RITES' international presence and provides healthy revenue visibility for its export segment.
Key Highlights
Total order value of USD 20,602,500 (approx. ₹172 crore) from ICVL Mozambique.
Scope includes supply of locomotives and 24 months of preventive maintenance services.
Supply execution timeline set at 15 months from the date of order.
International contract win enhances the company's export order book and global footprint.
💼 Action for Investors
Investors should view this as a positive development for RITES' high-margin export business. The stock remains a strong play on railway infrastructure and international consultancy exports.
RailTel Bags ₹27.04 Crore Order from Andhra Pradesh Central Power Distribution Corp
RailTel Corporation of India has secured a domestic order from Andhra Pradesh Central Power Distribution Corporation Limited (APCPDCL) valued at approximately ₹27.04 crore. The contract involves the supply, installation, testing, and configuration of Software Defined Wide Area Network (SD-WAN) devices along with necessary hardware and licenses. The project includes a long-term commitment with a 5-year warranty and support period, extending the execution timeline to January 2031. This win highlights RailTel's capability in providing specialized IT and networking solutions beyond its core railway operations.
Key Highlights
Total order value is estimated at ₹27,04,21,875 (approx. ₹27.04 Crores)
Contract awarded by Andhra Pradesh Central Power Distribution Corporation Limited
Scope includes SD-WAN device implementation with 5 years of warranty and support
Project execution and support period extends until January 24, 2031
The order is a domestic contract with no promoter or related party interest
💼 Action for Investors
Investors should view this as a positive development that strengthens RailTel's non-railway revenue stream and order book. Maintain a long-term outlook as the company continues to diversify its digital infrastructure portfolio.
NALCO to Conduct Q3 FY26 Earnings Conference Call on January 30, 2026
National Aluminium Company Limited (NALCO) has scheduled an earnings conference call for January 30, 2026, at 5:00 PM IST. The session is intended to discuss the company's financial performance and business outlook following the release of results for the quarter and nine months ended December 31, 2025. This is a standard regulatory procedure to engage with analysts and institutional investors. No unpublished price sensitive information is expected to be disclosed during the call.
Key Highlights
Earnings conference call scheduled for January 30, 2026, at 17:00 hours IST.
Focus on unaudited financial results for Q3 and the nine-month period ended December 31, 2025.
Management to provide commentary on business operations and future outlook.
The meeting is subject to change or cancellation due to unforeseen exigencies.
💼 Action for Investors
Investors should monitor the call for management's perspective on global aluminium price trends and production cost efficiency. The commentary will be vital for assessing the company's margin sustainability in the current commodity cycle.
Jindal Drilling Schedules Q3 FY26 Earnings Call for January 30, 2026
Jindal Drilling & Industries Limited has announced its Q3 FY26 earnings conference call, scheduled for January 30, 2026, at 12:00 PM IST. The call, organized by Antique Stock Broking Limited, will feature the management team discussing the company's financial performance for the quarter ended December 2025. This interaction provides a platform for analysts and investors to gain clarity on operational metrics and the outlook for the offshore drilling sector. The meeting will be held virtually via a conference call link.
Key Highlights
Earnings call for Q3 FY26 scheduled for Friday, January 30, 2026, at 12:00 noon IST.
The event is organized by Antique Stock Broking Limited.
Management will discuss financial results and operational performance with institutional investors.
Registration for the call is available through the Chorus Call Diamond Pass link.
💼 Action for Investors
Investors should monitor the call for updates on rig utilization rates and new contract awards. Key focus areas should include management's commentary on day rates and the impact of crude oil price volatility on future demand.
IZMO's FrogData Joins FordDirect's Marketplace for Ford and Lincoln Dealers in USA
IZMO Limited's division, FrogData, has entered into a strategic partnership with FordDirect, a joint venture between Ford Motor Company and its dealers. FrogData's FixedOps Solutions Suite will now be available on 'The Shop,' a curated marketplace for Ford and Lincoln retailers in the USA. This integration allows IZMO to offer AI-driven analytics and service marketing tools directly to a vast network of dealerships. The partnership is expected to strengthen IZMO's presence in the US automotive data analytics market and drive recurring revenue through pre-negotiated dealer solutions.
Key Highlights
FrogData joins FordDirect's 'The Shop' marketplace, providing access to Ford and Lincoln's extensive dealer network.
The partnership features the FixedOps Solutions Suite, including AI-driven FixedOps Mojo and FixedOps Velocity.
FixedOps Mojo uses AI to increase Effective Labor Rate (ELR) and reduce profit leakage for service managers.
FixedOps Velocity focuses on hyperlocal marketing to retain post-warranty customers and protect high-margin revenue.
The collaboration aims to create operational efficiencies and cost savings for US-based automotive dealerships.
💼 Action for Investors
This is a significant strategic win for IZMO in the lucrative US market; investors should monitor for revenue growth in the international software segment. The association with a major OEM joint venture like FordDirect validates IZMO's product suite and could lead to further global partnerships.
VPRPL Completes ₹177.47 Cr Silchar Water Supply Project Under AMRUT Mission
Vishnu Prakash R Punglia Limited (VPRPL) has successfully completed and handed over the Silchar 24×7 Water Supply Project in Assam. The project was executed for the Assam Urban Water Supply & Sewerage Board at an approximate cost of ₹177.47 crore under the AMRUT Mission. The scope included a water treatment plant, transmission mains, and PLC-SCADA automation, with the executing authority certifying the performance as satisfactory. This completion strengthens the company's credentials in the high-growth urban water infrastructure segment.
Key Highlights
Successfully delivered the Silchar 24×7 Water Supply Project valued at ₹177.47 crore.
Project executed under the AMRUT Mission for the Assam Urban Water Supply & Sewerage Board (AUWSSB).
Infrastructure includes intake systems, water treatment plant, and PLC-SCADA automation.
Water supply commenced in March 2024, with final handover and performance certification now complete.
VPRPL continues to focus on pure EPC contracts to ensure prudent debt management and stable cash flows.
💼 Action for Investors
The successful project handover validates VPRPL's execution capabilities in the water segment, which is a key growth driver. Investors should monitor the company's order book replenishment and execution timelines for ongoing projects under the Jal Jeevan Mission.