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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.
Wockhardt's Foviscu Antibiotic Meets Phase 3 Primary Endpoint with 93.23% Clinical Cure Rate
Wockhardt has announced that its fifth novel antibiotic, Foviscu (WCK 4282), successfully met its primary endpoint in a pivotal Phase 3 trial for treating complicated urinary tract infections. The drug demonstrated a clinical cure rate of 93.23%, matching the 92.31% achieved by the gold-standard meropenem, while showing a well-tolerated safety profile. This milestone is significant as it addresses high-resistance ESBL pathogens in a market where approximately 65 lakh treatment courses of similar antibiotics are used annually in India. The drug has already received QIDP designation from the US FDA, enhancing its global commercial potential.
Key Highlights
Foviscu achieved a 93.23% clinical cure rate versus 92.31% for the gold-standard meropenem in Phase 3 trials.
This is Wockhardt's 5th proprietary antibiotic to successfully complete a registration-enabling Phase 3 study.
The trial targeted ESBL-producing pathogens, which accounted for 51.4% of the Enterobacterales isolates in the study.
Foviscu addresses a large domestic market where 65 lakh treatment courses of similar antibiotics are used annually.
The product holds US FDA Qualified Infectious Disease Product (QIDP) status, providing regulatory advantages.
💼 Action for Investors
Investors should monitor the upcoming regulatory filing and approval timelines for Foviscu, as it represents a significant addition to Wockhardt's commercial antibiotic portfolio. The successful Phase 3 result de-risks a key part of the company's R&D pipeline.
Mukka Proteins Lists BSF Project on Verra Registry; Expands Capacity to 1,000 TPD
Mukka Proteins has achieved a significant milestone by listing its 300 TPD Black Soldier Fly (BSF) wet-waste processing project on the Verra Registry, paving the way for carbon credit (VCU) issuance. Furthermore, the company has received approval to expand this project's capacity from 300 TPD to 1,000 TPD within Bengaluru's waste management framework. This expansion is structured as a grouped project, allowing for phased inclusion of additional modules and progressively higher carbon credit generation. The move strengthens the company's revenue diversification through sustainable, circular-economy solutions.
Key Highlights
BSF-based 300 TPD wet-waste project formally listed on Verra Registry under Project ID 5893
Received incremental approval to expand processing capacity from 300 TPD up to 1,000 TPD
Project follows ACM0022 methodology for Verified Carbon Standard (VCS) registration
Mukka Proteins maintains a 25-30% market share in India's fishmeal and fish oil sector
Total installed capacity across fishmeal and related products stands at 2,64,390 MT per year
💼 Action for Investors
Investors should monitor the progress of the 30-day public comment period and subsequent VCU issuance as a new high-margin revenue stream. The successful scaling to 1,000 TPD will be a key driver for long-term valuation in the ESG and waste-to-value segments.
AXISCADES Partners with Embraer Subsidiary OGMA for Global Aerospace and Defence MRO
AXISCADES Technologies has signed a strategic partnership with OGMA, a Portugal-based subsidiary of Embraer, to scale its Aerospace and Defence MRO (Maintenance, Repair, and Overhaul) services. The collaboration will focus on providing engineering and certification services for both commercial and military platforms, specifically targeting the Embraer fleet in India which includes VVIP and AEW&C aircraft. To support this, AXISCADES is establishing one of India's largest integrated aerospace manufacturing and MRO hubs near Bengaluru International Airport. This move is designed to capture high-value, long-term service contracts in India, the UAE, and the MENA region.
Key Highlights
Strategic partnership with OGMA (65% owned by Embraer) for airframe and engine MRO services.
Targeting maintenance for India's Embraer fleet, including VVIP, VIP, and AEW&C platforms.
Joint market expansion plans covering India, UAE, and the MENA region.
Development of a major integrated Aerospace and Defence hub near Bengaluru International Airport.
Access to OGMA's 100-year expertise and relationships with OEMs like Airbus, Rolls-Royce, and Pratt & Whitney.
💼 Action for Investors
This partnership marks a significant move into high-margin MRO services and strengthens AXISCADES' position in the 'Make in India' defence ecosystem. Investors should monitor the execution timelines of the Bengaluru MRO hub and the conversion of this MoU into specific service contracts.
Axis Bank Releases Audio Recording of Q3 and 9M FY26 Earnings Call
Axis Bank has announced the availability of the audio recording for its earnings call held on January 26, 2026. The call discussed the bank's unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. This disclosure is a standard regulatory requirement under SEBI Listing Regulations to ensure transparency for all shareholders. Investors can access the recording via the bank's official website to review management's commentary on financial performance.
Key Highlights
Earnings call conducted on January 26, 2026, following Q3 FY26 results.
Audio recording made available on the bank's official website for public access.
Covers financial performance for the quarter and nine months ended December 31, 2025.
Compliance filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
💼 Action for Investors
Investors should listen to the recording to understand management's outlook on credit growth and asset quality. No immediate trading action is required based on this procedural update.
Federal Bank Allots 2,05,701 Equity Shares Under ESOS Schemes
Federal Bank has announced the allotment of 2,05,701 equity shares to employees who exercised their stock options. The allotment consists of 750 shares under the ESOS 2010 scheme and 2,04,951 shares under the ESOS 2017 scheme. These shares have a face value of Rs. 2 each and were issued following the receipt of exercise money from the grantees. This is a routine corporate action and results in a marginal increase in the bank's paid-up equity capital.
Key Highlights
Total allotment of 2,05,701 equity shares on January 26, 2026
2,04,951 shares issued under the ESOS 2017 Scheme
750 shares issued under the ESOS 2010 Scheme
All shares carry a face value of Rs. 2 per share
💼 Action for Investors
No action is required as this is a routine administrative allotment with negligible equity dilution. Investors should continue to focus on the bank's quarterly financial performance and credit growth.
Axis Bank Releases Audio Recording of Q3 FY26 Earnings Call
Axis Bank has officially released the audio recording of its earnings conference call held on January 26, 2026. The call focused on the bank's unaudited standalone and consolidated financial results for the third quarter and the nine-month period ending December 31, 2025. This disclosure is a routine regulatory requirement under SEBI Listing Regulations to ensure all shareholders have access to management commentary. Investors can access the recording via the bank's official website to gain deeper insights into the bank's operational performance.
Key Highlights
Audio recording for Q3 and nine months ended Dec 31, 2025, earnings call is now public.
The call covered both standalone and consolidated financial performance of the bank.
Disclosure made in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
Management commentary on the quarter's results is accessible via the provided link.
💼 Action for Investors
Investors should listen to the recording to understand management's guidance on Net Interest Margins (NIMs) and asset quality trends. This is a procedural update and does not impact the stock price independently of the earnings results.
TCI Express Completes 100% Acquisition of TCI Global (Singapore) for SGD 18,000
TCI Express Limited, through its subsidiary TCI Express Pte. Ltd., has completed the 100% acquisition of TCI Global (Singapore) Pte. Ltd. for a cash consideration of SGD 18,000. The target entity was acquired from TCI Holdings Asia Pacific Pte. Ltd., making it a step-down wholly-owned subsidiary of TCI Express. While the target company has reported nil turnover for the last three years, the acquisition is intended to provide a cost-effective and faster entry into the Singapore logistics market. This related-party transaction was executed on an arm's length basis.
Key Highlights
Acquisition of 100% equity shares of TCI Global (Singapore) Pte. Ltd. completed on January 26, 2026.
Total cash consideration for the acquisition is SGD 18,000.
Target entity has recorded zero turnover over the last three financial years.
Strategic move to expand the company's logistics and transport footprint in the Singapore region.
Transaction is a related-party deal conducted at arm's length with the promoter group.
💼 Action for Investors
Investors should recognize this as a strategic, low-cost entry into a new geography rather than a major financial driver. Monitor future updates for how the company plans to operationalize this entity to generate revenue in the Singapore market.
Coforge Partners with Innovaccer to Launch G-Forge for Healthcare AI Transformation
Coforge has entered a strategic partnership with Innovaccer to accelerate AI adoption in the healthcare sector through a new initiative called G-Forge. As the preferred platinum implementation partner for Innovaccer’s Gravity AI platform, Coforge will establish a Healthcare AI Center of Excellence to develop industry-specific accelerators. This collaboration aims to improve clinical, financial, and administrative outcomes for healthcare providers and payers globally. The partnership leverages Coforge's global presence across 25 countries and 33 delivery centers to scale AI solutions.
Key Highlights
Launched G-Forge initiative to integrate siloed healthcare data and scale AI adoption across the enterprise.
Coforge designated as the preferred platinum implementation partner for Innovaccer’s Gravity AI platform.
Establishment of a dedicated Healthcare AI Center of Excellence to develop solutions for revenue cycle management.
Partnership targets healthcare providers, payers, and life sciences organizations across Coforge's 25-country network.
Joint initiative includes the creation of co-innovation labs to deliver measurable clinical and financial outcomes.
💼 Action for Investors
Investors should view this as a positive strategic move to strengthen Coforge's position in the high-growth healthcare AI vertical. Monitor for upcoming contract wins or revenue growth attributed to the G-Forge initiative in future quarterly reports.
IFGL Refractories Subsidiary Sheffield Refractories Appoints New Statutory Auditors
IFGL Refractories Limited has announced that its material UK-based subsidiary, Sheffield Refractories Ltd, has appointed Hebblethwaites as its new Statutory Auditors effective January 26, 2026. This appointment follows a previous disclosure made by the company on January 20, 2026. Hebblethwaites is an established firm based in Sheffield, UK, providing audit, tax, and advisory services. This move ensures the subsidiary remains compliant with the applicable laws and regulations of the United Kingdom.
Key Highlights
Material subsidiary Sheffield Refractories Ltd (UK) appointed Hebblethwaites as Statutory Auditors on January 26, 2026.
The appointment is in accordance with the applicable laws, rules, and regulations of the United Kingdom.
Hebblethwaites is a South Yorkshire-based firm specializing in audit, accounting, and business advisory.
This update follows a prior communication from the company dated January 20, 2026.
💼 Action for Investors
This is a routine administrative update regarding a subsidiary's compliance and requires no immediate action from investors. Continue to monitor consolidated financial performance.