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Kilitch Drugs Approves 1:1 Bonus Issue and Increase in Authorized Capital at EGM
Kilitch Drugs (India) Limited successfully conducted its Extraordinary General Meeting (EGM) on March 13, 2026. Shareholders approved the issuance of bonus shares in a 1:1 ratio, meaning investors will receive one additional share for every share held. The meeting also authorized an increase in the company's share capital and necessary amendments to the Memorandum of Association. The record date for the bonus allotment will be determined and announced by the Board in due course.
Key Highlights
Approval of 1:1 Bonus Issue for all eligible shareholders as of the upcoming record date
Resolution passed to increase the Authorized Capital of the company and amend the Memorandum of Association
EGM held on March 13, 2026, with participation from 3 promoter group members and 45 public shareholders
The meeting was conducted via video conferencing and concluded within 12 minutes with all resolutions transacted
💼 Action for Investors
Existing shareholders should monitor for the announcement of the record date to ensure eligibility for the 1:1 bonus shares. Note that while share count will double, the stock price will adjust proportionally on the ex-bonus date.
Kilitch Drugs Approves 1:1 Bonus Issue and Capital Increase at EGM
Kilitch Drugs (India) Limited successfully conducted an Extraordinary General Meeting on March 13, 2026. The shareholders approved a 1:1 bonus share issue, which will double the total number of equity shares. Additionally, the company received approval to increase its authorized share capital to support the bonus issuance. The Board of Directors will determine the record date for the allotment in due course.
Key Highlights
Approved 1:1 bonus share issuance to existing shareholders as of the upcoming record date.
Authorized the increase of the company's share capital and subsequent amendment of the Memorandum of Association.
The EGM was held via video conferencing with participation from 48 members (3 promoters and 45 public).
The meeting was brief, commencing at 11:30 am and concluding at 11:42 am on March 13, 2026.
💼 Action for Investors
Investors should track the upcoming announcement regarding the record date to qualify for the 1:1 bonus. Note that the stock price will adjust proportionally on the ex-bonus date to reflect the increased share count.
Ritco Logistics Secures ₹104 Cr New Contracts in Feb 2026; TrucksUp FASTag GMV Hits ₹15 Cr
Ritco Logistics secured new transportation contracts totaling approximately ₹104.18 crore in February 2026, anchored by a major ₹84 crore, 3-year deal with Jindal Stainless. The company's digital arm, TrucksUp, demonstrated significant traction with FASTag GMV surpassing ₹15 crore and transaction volumes growing 52% month-on-month. Diversification remains strong with new wins across steel, FMCG, and chemicals, while the service network now covers over 17,000 pin codes. These updates indicate robust execution and improving digital adoption, providing high revenue visibility for the coming quarters.
Key Highlights
Secured new transportation contracts worth ~₹104.18 crore in February 2026 across multiple sectors.
Won a significant 3-year strategic contract from Jindal Stainless Limited (JSL) valued at ~₹84 crore.
TrucksUp platform FASTag GMV exceeded ₹15 crore with a 52% month-on-month growth in transactions.
Expanded service reach to 17,000+ pin codes and issued over 6,000 digital fuel cards to customers.
Load Board engagement increased with 'Find Load' activity growing by 32% and 'Add Load' by 23% MoM.
💼 Action for Investors
Investors should note the strong order book and the rapid scaling of the TrucksUp digital platform as key drivers for future growth. The long-term revenue visibility from the Jindal Stainless contract provides a stable foundation for the transportation vertical.
Nitco Ltd Q3 Results: Board Re-appoints Chairman & Approves ₹100 Cr Inter-Corporate Loans
Nitco Limited's board has approved the re-appointment of Vivek Prannath Talwar as Executive Chairman for a three-year term starting April 2026. The company is seeking shareholder approval to provide loans or guarantees up to ₹100 Crores to subsidiaries and related entities. Financial results for Q3 FY26 include an ESOP expense of ₹779.07 lakhs and a one-time exceptional charge of ₹400.13 lakhs for labor code adjustments. A significant contingent liability of ₹17,000 lakhs related to an ADGFT penalty remains unprovided for, which the management is currently contesting.
Key Highlights
Re-appointment of Vivek Prannath Talwar as Executive Chairman for a 3-year period effective April 1, 2026.
Approval to provide loans, guarantees, or securities to group entities up to an aggregate limit of ₹100 Crores.
Exceptional item of ₹400.13 lakhs recognized due to gratuity and leave liability changes under the New Labour Code.
Contingent liability of ₹17,000 lakhs from ADGFT penalty not provided for in books based on legal opinion.
Alibaug factory assets reclassified as 'Held for Sale' following a binding scrap-sale offer of ₹3,250 lakhs.
💼 Action for Investors
Investors should exercise caution regarding the ₹17,000 lakh unprovided penalty which could severely impact the balance sheet if realized. Monitor the upcoming postal ballot regarding the ₹100 crore inter-corporate loan limit for potential related-party transaction risks.
Nitco Seeks Shareholder Nod for MD Re-appointment and ₹100 Crore Loan Limit
Nitco Limited has issued a postal ballot notice to seek approval for the re-appointment of Mr. Vivek Prannath Talwar as Executive Chairman for a three-year term starting April 2026. Notably, Mr. Talwar has voluntarily waived his remuneration for this period, which is a positive sign for the company's cost management. Additionally, the company is seeking authorization to provide loans, guarantees, or securities up to an aggregate of ₹100 Crores to its subsidiaries and group entities. The remote e-voting period for these special resolutions is scheduled from February 19 to March 20, 2026.
Key Highlights
Proposed re-appointment of Mr. Vivek Prannath Talwar as Managing Director for 3 years effective April 1, 2026.
Mr. Talwar has voluntarily waived his remuneration for the proposed term, receiving only statutory benefits and reimbursements.
Seeking approval for a ₹100 Crore aggregate limit for loans, guarantees, and securities to group entities under Section 185.
Special resolution required to allow Mr. Talwar to continue his directorship beyond the age of 70 years.
E-voting results are expected to be announced on or before March 24, 2026.
💼 Action for Investors
Investors should monitor the allocation of the ₹100 Crore loan limit to ensure it does not lead to excessive related-party exposure. The MD's waiver of remuneration is a positive gesture of commitment to the company's financial stability.
Kilitch Drugs Announces 1:1 Bonus Issue and Increase in Authorized Capital
Kilitch Drugs (India) Limited has scheduled an Extraordinary General Meeting (EGM) on March 13, 2026, to seek shareholder approval for a 1:1 bonus share issuance. The company plans to capitalize up to INR 17.48 crore from its Free Reserves or Securities Premium to issue approximately 1.75 crore new equity shares. To facilitate this, the authorized share capital will be increased from INR 25 crore to INR 40 crore. Shareholders on record as of March 4, 2026, will be eligible for e-voting on these proposals.
Key Highlights
Proposed 1:1 bonus issue, providing one new equity share for every one existing share held
Increase in Authorized Share Capital from INR 25,00,00,000 to INR 40,00,00,000
Capitalization of a sum not exceeding INR 17,48,07,820 from reserves for the bonus issue
EGM to be held on March 13, 2026, with remote e-voting from March 9 to March 12, 2026
Cut-off date for determining e-voting eligibility is March 4, 2026
💼 Action for Investors
Investors should monitor the official announcement of the Record Date following the EGM approval to ensure eligibility for the bonus shares. While the number of shares will double, the stock price will adjust proportionally, improving liquidity for retail participants.
NITCO Q3 FY26 Revenue Rises 56% YoY to ₹131 Cr; Targets ₹1,000 Cr Real Estate Monetization
NITCO Limited reported a robust 56% YoY revenue growth in its core tiles, marble, and mosaic business for Q3 FY26, reaching ₹131.18 crore. The company is executing a turnaround strategy supported by Authum Investment, which has restructured debt and provided working capital. A major highlight is the company's 445-acre land bank, with plans to unlock over ₹1,000 crore in cash flow over the next 3-5 years through monetization and joint developments. While the company still reports a net loss, EBITDA margins are showing improvement, and the institutional pipeline is strong with ₹280 crore in LoIs from major developers.
Key Highlights
Q3 FY26 revenue from operations grew 56% YoY to ₹131.18 crore, with 9M FY26 revenue up 77% to ₹387.97 crore.
Real estate division targets unlocking ₹1,000+ crore in cash flow over 3-5 years from a 445-acre land bank.
Received Letters of Intent (LoIs) from Prestige Estates and Lodha Group for orders worth approximately ₹280 crore.
Authum Investment & Infrastructure Limited holds a 49% stake, providing strategic debt restructuring and capital infusion.
Projected revenue for FY26 is ₹450 crore, with a long-term target of ₹1,000 crore revenue and 10% EBITDA by FY29.
💼 Action for Investors
Investors should focus on the company's ability to execute its real estate monetization plan, as this cash flow is critical for debt reduction and growth. The strong institutional order pipeline and backing from Authum suggest a potential turnaround, though the company remains in a loss-making phase.
Nitco Re-appoints Vivek Talwar as Executive Chairman; Approves ₹100 Cr Related Party Funding
Nitco Limited has re-appointed Mr. Vivek Prannath Talwar as Managing Director and Executive Chairman for a three-year term starting April 2026. The board also approved providing loans or guarantees to subsidiaries and related entities up to an aggregate limit of ₹100 Crores. Financially, the company reported an exceptional item of ₹400.13 lakhs due to the New Labour Code's impact on employee benefits. Notably, the statutory auditors highlighted a significant unprovided penalty of ₹17,000 lakhs from ADGFT, which the management is currently contesting.
Key Highlights
Re-appointment of Vivek Prannath Talwar as Executive Chairman for 3 years effective April 1, 2026.
Board approval for loans and guarantees to related entities up to a limit of ₹100 Crores.
Exceptional charge of ₹400.13 lakhs recognized for gratuity and leave liability under the New Labour Code.
Auditors flagged a ₹17,000 lakh penalty from ADGFT and a ₹855.22 lakh capital advance as unprovided for.
ESOP expense of ₹779.07 lakhs recognized for the period August 2024 to December 2025.
💼 Action for Investors
Investors should closely monitor the outcome of the ₹17,000 crore ADGFT penalty appeal, as it represents a massive contingent liability relative to the company's size. The ₹100 crore related party funding limit also warrants caution regarding future capital allocation and corporate governance.
Nitco Ltd Q3 Results: Board Approves ₹100 Cr Loan Limit and Re-appoints Executive Chairman
Nitco Limited's board met on February 12, 2026, to approve Q3 financial results and several strategic mandates. Key decisions include the re-appointment of Mr. Vivek Talwar as Executive Chairman for three years and seeking shareholder approval for a ₹100 crore limit for loans and guarantees to subsidiaries. The company is currently managing a significant contingent liability of ₹17,000 lakhs related to an ADGFT penalty, which management is contesting. Additionally, the company recognized a ₹400.13 lakh exceptional cost due to New Labour Code adjustments.
Key Highlights
Approved re-appointment of Vivek Prannath Talwar as Executive Chairman for a 3-year term starting April 2026.
Proposed a ₹100 crore aggregate limit for loans, guarantees, or securities to subsidiaries and group entities.
Disclosed a ₹17,000 lakh penalty from ADGFT which is being contested; no provision has been made in the books.
Recognized an exceptional item of ₹400.13 lakhs for increased gratuity and leave liability under the New Labour Code.
Allotted 56,000 equity shares during the quarter following the exercise of vested employee stock options.
💼 Action for Investors
Investors should exercise caution regarding the ₹17,000 lakh ADGFT penalty, as an adverse final legal outcome could significantly impact the balance sheet. Monitor the progress of the Alibaug asset disposal and the utilization of the new ₹100 crore inter-corporate loan limit.
Ritco Logistics Q3 FY26: Revenue Jumps 25% YoY to ₹394 Cr; 9M Revenue Crosses ₹1100 Cr
Ritco Logistics delivered a strong top-line performance in Q3 FY26, with consolidated revenue increasing 25.31% YoY to ₹394.01 Cr. Standalone net profit grew 5.83% YoY to ₹13.79 Cr, although consolidated net profit dipped 5.12% YoY to ₹9.64 Cr, likely due to continued investments in its digital and multimodal segments. The company's 9M FY26 consolidated revenue showed robust growth of 31.06%, reaching ₹1111.47 Cr. Strategic wins in steel, polymers, and multimodal logistics, alongside a 73% QoQ revenue surge in its digital arm 'TrucksUp', highlight a successful transition toward a tech-enabled logistics provider.
Key Highlights
Consolidated Total Income rose 25.31% YoY to ₹394.01 Cr in Q3 FY26.
9M FY26 Consolidated Revenue crossed ₹1111 Cr, marking a 31.06% YoY growth.
Standalone Net Profit increased 5.83% YoY to ₹13.79 Cr, reflecting core operational strength.
Digital division 'TrucksUp' reported a significant 73.45% QoQ revenue growth to ₹3.92 Cr.
Secured multiple high-value contracts in Steel, Polymer, and Infrastructure sectors during the quarter.
💼 Action for Investors
Investors should monitor the scaling of the 'TrucksUp' digital platform and its eventual path to profitability at the consolidated level. The strong top-line momentum and diversification into high-value industrial segments like steel and polymers are positive indicators for long-term growth.
Kilitch Drugs Announces 1:1 Bonus Issue and Q3 FY26 Results; Revenue Jumps 170% YoY
Kilitch Drugs (India) Limited has recommended a 1:1 bonus issue, providing one free equity share for every share held, subject to shareholder approval. For Q3 FY26, the company reported a massive 170% year-on-year surge in standalone revenue to ₹44.67 crore, although net profit declined to ₹4.89 crore from ₹6.88 crore in the same period last year. The company is also increasing its authorized share capital to ₹40 crore to facilitate the bonus issuance. These developments follow a recent ₹49.92 crore rights issue aimed at funding a Greenfield Project at Pen, signaling aggressive expansion.
Key Highlights
Approved 1:1 Bonus Issue by capitalizing free reserves and securities premium of ₹17.48 crore.
Standalone Q3 FY26 revenue from operations rose to ₹44.67 crore versus ₹16.51 crore in Q3 FY25.
Net profit for the quarter stood at ₹4.89 crore, impacted by higher material costs and export commissions.
Authorized share capital increased from ₹25 crore to ₹40 crore to accommodate the new equity base.
Recently completed a ₹49.92 crore rights issue in August 2025 for capital expenditure on a Greenfield Project.
💼 Action for Investors
The 1:1 bonus issue is a positive signal for retail liquidity, though investors should monitor the compression in net profit margins despite the high revenue growth. The progress of the Greenfield Project at Pen will be the primary driver for long-term value creation.
Kilitch Drugs Announces 1:1 Bonus Issue and Reports Q3 FY26 Results
Kilitch Drugs (India) Limited has approved a 1:1 bonus issue, meaning shareholders will receive one additional share for every one share held. The company reported standalone net sales of ₹44.67 crore for Q3 FY26, a significant jump from ₹16.51 crore in the same quarter last year. However, net profit for the quarter declined to ₹4.89 crore from ₹6.88 crore YoY, primarily due to a high base of 'Other Income' in the previous year. The board also approved increasing the authorized share capital from ₹25 crore to ₹40 crore to facilitate this corporate action.
Key Highlights
Approved 1:1 bonus issue of equity shares of face value ₹10 each
Standalone Net Sales grew to ₹44.67 crore in Q3 FY26 from ₹16.51 crore in Q3 FY25
Net Profit after tax stood at ₹4.89 crore for the quarter ended December 31, 2025
Authorized share capital increased to ₹40 crore from ₹25 crore subject to member approval
Estimated completion date for bonus share credit is April 10, 2026
💼 Action for Investors
The 1:1 bonus issue will increase liquidity and make the stock more affordable for retail investors, though it does not change the company's fundamental value. Investors should monitor the strong growth in core operational revenue while keeping an eye on the volatility of non-operating income.
Kilitch Drugs Announces 1:1 Bonus Issue; Q3 Revenue Surges to ₹44.67 Crore
Kilitch Drugs (India) Limited has approved a 1:1 bonus issue, meaning shareholders will receive one additional share for every share held as of the record date. The company reported a significant jump in standalone revenue for Q3 FY26 to ₹4,467 lakhs, up from ₹1,651 lakhs in the same quarter last year. However, standalone net profit for the quarter declined to ₹489 lakhs from ₹688 lakhs YoY due to increased operational expenses. The board has also proposed increasing the authorized share capital from ₹25 crore to ₹40 crore to facilitate the bonus issuance.
Key Highlights
Approved 1:1 bonus issue by capitalizing ₹17.48 crore from free reserves and securities premium.
Standalone Q3 FY26 revenue grew 170% YoY to ₹4,467 lakhs from ₹1,651 lakhs.
Standalone Net Profit for Q3 FY26 stood at ₹489.08 lakhs compared to ₹688.30 lakhs YoY.
Authorized share capital increased to ₹40 crore from ₹25 crore, subject to shareholder approval.
Bonus shares are expected to be credited or dispatched by April 10, 2026.
💼 Action for Investors
Investors should maintain a positive outlook due to the bonus issue which will enhance liquidity, though the dip in net profit despite high revenue growth warrants a closer look at margin pressures. Monitor the EGM on March 13, 2026, for final approval and the subsequent announcement of the record date.
Ritco Logistics Q3 FY26 Consolidated Revenue Grows 25% YoY; PAT Dips to ₹9.64 Cr
Ritco Logistics reported a strong 25.4% YoY growth in consolidated revenue from operations, reaching ₹392.64 crore for the quarter ended December 31, 2025. However, consolidated Profit After Tax (PAT) saw a slight decline of 5.2% YoY to ₹9.64 crore, primarily due to a significant increase in depreciation and employee benefit expenses. On a sequential basis, the company showed steady growth with revenue up 8.9% and PAT up 3.3% compared to Q2 FY26. The board also proposed amendments to the Employee Stock Option Plan (ESOP) to provide greater vesting flexibility, which will be put to a shareholder vote.
Key Highlights
Consolidated Revenue from Operations increased 25.4% YoY to ₹39,264.22 Lakhs.
Consolidated PAT stood at ₹963.54 Lakhs, a decrease from ₹1,016.07 Lakhs in the same quarter last year.
Standalone PAT showed better performance at ₹1,378.62 Lakhs compared to ₹1,302.56 Lakhs YoY.
Depreciation and amortization expenses rose sharply to ₹765.54 Lakhs from ₹413.41 Lakhs YoY.
Board approved amendments to the ESOP plan to allow vesting flexibility for the Compensation Committee.
💼 Action for Investors
Investors should monitor the company's ability to manage rising operational costs and depreciation, which are currently weighing on consolidated margins despite strong top-line growth. The divergence between standalone and consolidated profit suggests a need to evaluate the performance of subsidiaries.
Ritco Logistics Q3 FY26 Revenue Grows 25% YoY to ₹392.6 Cr; Net Profit Dips Slightly to ₹9.6 Cr
Ritco Logistics reported a robust 25.4% YoY increase in consolidated revenue from operations, reaching ₹392.64 crore for the quarter ended December 31, 2025. Despite the top-line growth, consolidated net profit declined by 5.2% YoY to ₹9.63 crore, impacted by a significant 85% increase in depreciation and higher finance costs. On a standalone basis, the company performed better with a net profit of ₹13.78 crore, representing a 5.8% YoY growth. The board also proposed amendments to the Employee Stock Option Plan (ESOP) to provide greater vesting flexibility.
Key Highlights
Consolidated Revenue from Operations rose 25.4% YoY to ₹39,264.22 Lakhs from ₹31,296.12 Lakhs.
Consolidated Net Profit decreased to ₹963.54 Lakhs compared to ₹1,016.07 Lakhs in the same quarter last year.
Depreciation expenses jumped 85% YoY to ₹765.54 Lakhs, significantly impacting the bottom line.
Standalone Net Profit showed resilience, growing 5.8% YoY to ₹1,378.62 Lakhs.
Board approved amendments to the ESOP plan to provide vesting flexibility, subject to shareholder approval via postal ballot.
💼 Action for Investors
Investors should monitor the company's ability to manage rising operational costs and depreciation, which are currently tempering the benefits of strong revenue growth. While the top-line expansion is healthy, margin stabilization will be critical for future stock performance.
MITCON Utilizes ₹19.94 Crore of Rights Issue Proceeds; ₹10.80 Crore Remaining in FDs
MITCON Consultancy & Engineering Services has reported the utilization of its Rights Issue proceeds for the period ending December 31, 2025. Out of the total ₹30.74 crore raised, the company has cumulatively utilized ₹19.94 crore across various business objectives. A significant portion of the funds has been directed toward working capital requirements and general corporate purposes, totaling approximately ₹18.35 crore. Currently, ₹10.80 crore remains unutilized and is parked in fixed deposits and bank accounts.
Key Highlights
Total Rights Issue proceeds received amounted to ₹30.74 crore after adjusting for unsubscribed portions.
Cumulative utilization stands at ₹19.94 crore, representing approximately 65% of the total funds raised.
₹12.50 crore was fully utilized for incremental working capital requirements as planned.
₹10.80 crore remains unutilized, primarily held in ICICI Bank fixed deposits and escrow accounts.
Investments in subsidiaries and joint ventures like MITCON Sun Power and MITCON Nature Based Solutions are ongoing.
💼 Action for Investors
Investors should track the deployment of the remaining ₹10.80 crore into high-margin segments like the Environment Laboratory and subsidiary expansions. The heavy utilization for working capital suggests a focus on operational liquidity rather than immediate capital expenditure.
MITCON Q3 FY26 Standalone Net Profit at ₹85.41 Lakhs; Revenue Up 8.7% YoY
MITCON Consultancy & Engineering Services reported a standalone revenue of ₹1,143.20 Lakhs for Q3 FY26, an 8.7% increase from ₹1,051.97 Lakhs in the same quarter last year. Despite the revenue growth, Profit Before Tax (PBT) declined by 14.2% YoY to ₹118.00 Lakhs, primarily due to increased operating and other expenses. Net profit for the quarter saw a marginal increase of 4% YoY to ₹85.41 Lakhs. The company's core Consultancy and Training segment continues to be the primary revenue driver, while the Project Service segment experienced a significant decline.
Key Highlights
Standalone Revenue from operations grew 8.7% YoY to ₹1,143.20 Lakhs in Q3 FY26.
Net Profit for the quarter stood at ₹85.41 Lakhs compared to ₹82.09 Lakhs in Q3 FY25.
Consultancy and Training segment revenue increased by 23.7% YoY to ₹1,068.24 Lakhs.
Project Service segment revenue dropped sharply to ₹69.08 Lakhs from ₹182.64 Lakhs YoY.
Nine-month standalone net profit declined by 22.4% YoY to ₹313.15 Lakhs from ₹403.54 Lakhs.
💼 Action for Investors
Investors should monitor the company's ability to manage rising operating costs and the recovery of the Project Service segment. The core consultancy business remains stable, but the decline in nine-month profitability warrants a cautious approach.
MITCON Q3 FY26 Standalone PAT Rises 4% to ₹85.4 Lakhs; Revenue Up 8.7% YoY
MITCON Consultancy & Engineering Services reported a 9.5% YoY increase in total standalone income to ₹1,282.32 Lakhs for the quarter ended December 31, 2025. While Net Profit (PAT) saw a modest 4% growth to ₹85.41 Lakhs, Profit Before Tax (PBT) actually declined by 14.2% YoY to ₹118 Lakhs due to increased operating and other expenses. The Consultancy and Training segment remains the primary driver, showing robust growth, whereas the Project Service segment experienced a significant revenue contraction. Additionally, the company announced unspecified changes in its Senior Management Personnel.
Key Highlights
Standalone Revenue from Operations grew 8.7% YoY to ₹1,143.20 Lakhs in Q3 FY26.
Consultancy and Training segment revenue increased 23.7% YoY to ₹1,068.24 Lakhs.
Project Service segment revenue saw a sharp decline of 62% YoY, falling to ₹69.08 Lakhs.
Profit Before Tax (PBT) fell to ₹118 Lakhs from ₹137.56 Lakhs in the year-ago period.
Paid-up equity share capital increased to ₹1,741.84 Lakhs from ₹1,449.88 Lakhs YoY, leading to diluted EPS of ₹0.48.
💼 Action for Investors
Investors should monitor the sustainability of growth in the core consultancy segment and investigate the cause of the sharp revenue drop in Project Services. The decline in PBT despite higher revenue suggests margin pressure that needs to be watched in upcoming quarters.
Ritco Logistics Secures ₹82 Crore in New Contracts; TrucksUp FASTag GMV Grows 110%
Ritco Logistics started 2026 on a strong note, securing new transportation contracts worth approximately ₹82 crore in January alone. These include a ₹10 crore FMCG contract with ITC and ₹11 crore in the paper and packaging sector with ITC and Roquette. The company's digital platform, TrucksUp, demonstrated explosive growth with a 110% increase in FASTag GMV and a 92% surge in insurance policy issuances. Additionally, a new partnership with Jio BP for fuel card management enhances the platform's utility for large fleet owners.
Key Highlights
Secured new transportation contracts totaling approximately ₹82 crore in January 2026.
Won a ₹10 crore one-year logistics contract with ITC Ltd for FMCG movements.
TrucksUp platform recorded 110% GMV growth in FASTag and 94% increase in issuance.
Commercial vehicle insurance policy issuance on TrucksUp grew by 92% in January.
Partnered with Jio BP to integrate Smart Fuel Card management into the TrucksUp platform.
💼 Action for Investors
Investors should view the strong contract wins and the rapid scaling of the TrucksUp digital platform as positive indicators of growth and diversification. Monitor the company's ability to maintain this momentum in the digital segment, which typically offers higher margins than traditional logistics.
ITC Q3 FY26: PAT Up 9.9% YoY, Declares Rs 6.50 Interim Dividend Amid Cigarette Tax Headwinds
ITC Limited reported a resilient performance for Q3 FY26, with consolidated PAT (before exceptional items) growing 9.9% YoY and standalone gross revenue reaching Rs 19,200 crore. The FMCG-Others segment was a key highlight, delivering 11% revenue growth and a 42% surge in PBIT due to significant margin expansion. While the Cigarette business saw a 7.9% revenue increase, management warned of an 'unprecedented' hike in tax incidence effective February 1, 2026, which may impact future volumes. The Board has declared an interim dividend of Rs 6.50 per share.
Key Highlights
Standalone Gross Revenue stood at Rs 19,200 crore, up 6.3% YoY, with EBITDA margins expanding 50 bps to 35.1%.
FMCG-Others segment PBIT surged 42% YoY, driven by 11% revenue growth and 145 bps EBITDA margin expansion.
Cigarette segment net revenue grew 7.9% YoY, though management flagged a steep increase in GST and Excise Duty rates starting Feb 2026.
Agri-Business revenue increased 6.3% YoY, led by value-added products and leaf tobacco exports.
Board recommended an interim dividend of Rs 6.50 per share for the financial year ending March 31, 2026.
💼 Action for Investors
Investors should focus on the robust margin improvement in the non-cigarette FMCG business which is reducing dependence on tobacco. However, the impact of the 'unprecedented' cigarette tax hike on volume growth in the coming quarters needs careful monitoring.