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Balu Forge Industries Ltd. Announces Q1FY26 Financial Results

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Balu Forge Industries Ltd. (the “Company” or “BFIL”) (BSE: 531112 | NSE: BALUFORGE), a leading precision engineering and manufacturing company, has announced its unaudited consolidated financial results for the quarter ending 30th June 2025.

Consolidated Financial Performance for Q1 FY26:

Rs. Mn

Q1 FY26

Q1 FY25

Y-o-Y (%)

Q4 FY25

Q-o-Q (%)

Revenue from Operations

2,332

1,753

33.0%

2,696

-13.5%

Gross Profit

891

594

50.1%

954

-6.6%

Gross Margin%

38.2%

33.9%

436 bps

35.4%

284 bps

EBITDA

723

432

67.3%

750

-3.6%

EBITDA Margin%

31.0%

24.6%

635 bps

27.8%

319 bps

PAT

570

342

66.9%

627

-9.0%

PAT Margin%

24.3%

19.4%

491 bps

22.9%

138 bps

Consolidated Financial Highlights for Q1 FY26:

  • Revenue from operations rose 33% YoY to Rs. 2,332 Mn, driven by a richer value-added product mix and higher operating leverage as the company scaled capacity and capability.

  • Gross profit surged 50.1% YoY to Rs. 891 Mn, supported by improved product complexity and expanding precision engineering applications.

  • EBITDA grew 67.3% YoY to Rs. 723 Mn, reflecting enhanced manufacturing efficiencies and the benefit of integrated high-margin machining.

  • Profit after tax jumped 66.9% YoY to Rs. 570 Mn, underpinned by margin expansion, stable cost control, and continued gains in global market share despite external uncertainties.

Commenting on the performance, Mr. Jaspal Singh Chandock, Executive Director of BFIL stated:

“The global precision engineering landscape is undergoing a transformative shift, driven by increasing automation and the adoption of advanced manufacturing technologies. In India, as we are transitioning from legacy manufacturing to real time monitoring, precision engineering stands at the core of this transformation, forming the foundation for future-ready, innovation-led growth, strengthening the country’s position as a global manufacturing hub.

On that backdrop, we delivered strong financial and operational results in Q1 FY26, reinforcing our commitment to engineering excellence and future preparedness. Revenue from operations for Q1 FY26 stood at Rs. 2,332 million, marking a strong 33% year-on-year growth over Rs.1,753 million in Q1 FY25. This performance was driven by an improved value-added product mix and increased operating leverage, resulting in a notable 635 basis points expansion in operating margins. Profit after tax came in at Rs. 570 million for the quarter, reflecting a robust 67% growth over the same period last year.

On a sequential basis, the quarter saw a marginal decline, primarily due to ongoing geopolitical uncertainties, regional conflicts, and volatile tariff environments. Despite these external headwinds, profitability remained stable, and the company continued to strengthen its market position through focused execution and operational resilience.

During the quarter, we focussed on boosting our capacity. The initiatives include the addition of a new Empty Shell production line, the 25T Hydraulic Hammer forging line among the world’s largest closed die hammers and the integration of state-of-the-art 7-axis and 11-axis machining lines. Our product capabilities are evolving, with unit weights progressing beyond 1 ton and gradually advancing towards 1.5 tons in a phased manner.

Our forging capacity is on track to increase from 100,000 tons to 150,000 tons annually, while machining capacity will rise from 45,000 tons to 80,000 tons per annum. We are also progressing steadily on our greenfield facility, in line with planned timelines.

Geographically, we continue to pursue a diversified strategy to mitigate long-term risks posed by volatile tariff situations. The majority of our new capacities are expected to be operational within this financial year.

As we look ahead, apart from boosting our capacity, we are reinforcing our position as a global precision engineering powerhouse from India. With a strong foundation, advanced infrastructure, and a clear strategic vision, we are poised to capture the emerging opportunities and shape the future of precision engineering.”

About Balu Forge Industries

Balu Forge Industries Limited, founded by Mr. Prehlad Singh Chandock, is a leading Indian precision engineering company delivering forged and machined components across multiple global industries. The company offers a comprehensive product portfolio ranging from 1 kg to 1,000 kg and up to 3 meters in length, supporting diverse applications in automotive, industrial vehicles, earthmoving equipment, wind energy, aerospace, defence, oil and gas, railways, marine, and agriculture. Its operations include fully integrated forging and machining capabilities, with advanced manufacturing facilities in Belgaum, Karnataka, spread over a 46+ acre campus. Equipped with high-capacity hydraulic hammers and forging presses, and supported by a dedicated in-house tool room, metallurgical labs, and CNC machining units, Balu Forge ensures consistent precision and quality. The company’s strategy is driven by innovation, with a specialized R&D division focusing on new materials and rapid prototyping. Strategic initiatives emphasize expanding defence production, enhancing automation, and strengthening global partnerships. With a strong focus on operational scalability, customer diversification, and ESG commitments, Balu Forge continues to strengthen its global footprint and industry positioning.

For more details, please visit: www.baluindustries.com.

HSB Appoints Former IIM Lucknow Director Prof. Archana Shukla as Director

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HSB Appoints Former IIM Lucknow Director Prof. Archana Shukla as Director

Hari Shankar Singhania School of Business (HSB), a pioneering, technology-driven business school at JK Lakshmipat University, Jaipur, has appointed former IIM Lucknow Director, Prof. Archana Shukla, as its new Director. She took charge on August 1, 2025, succeeding Prof. Gregory Dunn.

Prof. Archana Shukla has been appointed as the Director of Hari Shankar Singhania School of Business (HSB) at JK Lakshmipat University, Jaipur

An IIT Kanpur alumna with a PhD in Psychology, Prof. Shukla is an eminent academic specialising in organisational behaviour and knowledge management. She brings to the new role more than three decades of experience in teaching, research and academic leadership.

Prof. Shukla served for six years as Director of IIM Lucknow, and prior to this, she had also served as the Dean of the IIM Lucknow Noida Campus for more than 3 years. She was the first chairperson of Dr. Ishwar Dayal Chair for futuristic Issues in the Behavioral Sciences for the period of 2015 – 2017. She has designed and delivered Management Development Programmes (MDPs) on leadership, strategic thinking, team building, and managerial effectiveness, along with process consulting in culture building, coaching, mentoring, and assessment centres for organisations such as KPMG, Mahindra & Mahindra, Samsung, Reckitt Benckiser, Johnson & Johnson, and the GMR Group, among others.

At HSB, Prof. Shukla will lead the flagship two-year UGC-accredited residential MBA programme with specialisation tracks in digital product management, artificial intelligence and business analytics, and entrepreneurship and organisational foresight.

Warmly welcoming the appointment of Prof. Shukla, Shri B.H. Singhania, Chancellor, JK Lakshmipat University, said, “Her appointment as the Director of our premier business school will advance HSB’s mission of blending academic rigour with real-world relevance. Her remarkable track record at IIM Lucknow and her expertise in organisational behaviour will be instrumental in nurturing global business leaders who are ready to shape tomorrow’s enterprises.”

HSB, founded in 2024 on the JKLU campus, is already making strides in nurturing leaders who can successfully steer organisations in the face of rapid technological advancements and global disruptions.

Commenting on her appointment, Prof. Archana Shukla said, “I am honoured to join HSB at this pivotal phase. The institution’s vision is perfectly aligned with the demands of a rapidly evolving global business landscape. I look forward to working with faculty, students, and industry mentors to elevate HSB’s impact internationally.”

HSB was established in memory of Hari Shankar Singhania, a visionary industrialist and philanthropist who was the Founding Chancellor of JK Lakshmipat University and Former President of JK Organisation.

One Prastha Realty Earns RERA Approval, Sets New Benchmark with Fast-selling Premium Plots

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One Prastha Realty Earns RERA Approval, Sets New Benchmark with Fast-selling Premium Plots

One Prastha, a real estate company inspired by the ancient Indian concept of Prasthas, recently received RERA approval for its 8.7 acres gated residential project in Sector 87, Sonipat Haryana. Inspired by the ancient Indian concept of community living, the plots in the prime location of the city are fast-selling, with over 85% of the plots having been sold, within a few months of its opening.

One Prastha Sector 87 Sonipat

The residential project, a fine amalgamation of modern amenities with ancient Indian sensibilities, is ideal for luxurious living away from the hustle and bustle of city life. Strategically located within a few minutes’ drive from the GT Road, there are reputed hospitals, educational institutions, and shopping hubs very close to the area. Defined by its community-first approach, this is the key point attracting aspirational buyers who are looking for residences aimed towards holistic living.

The Sonipat project offers the buyers registry-ready freehold plots ranging from 120 to 175 sq. yards. It is a gated community with vastu-compliant layouts and pollution-free surroundings filled with lush green trees. The township is equipped with smart infrastructure such as underground water storage, LED street lighting, reliable power backup, 24×7 CCTV surveillance and more.

Speaking on the occasion, Somesh Mittal, Co-Founder, One Prastha said, “The RERA approval comes as a mark of trust and faith on us. We have always believed in offering our customers the best in holistic living. The Sonipat project is designed with a community-first approach, where residents can enjoy luxurious living in an aesthetically designed environment, with all the facilities of modern living. Sonipat today has become a hub of aspirational living and One Prastha is the answer to everyone’s dream home.”

The One Prastha plots on which villas can be made are more than just homes, it is a lifestyle rooted in Indian ethos and aimed towards future living. Backed by a strong track record of early project delivery, competitive pricing, and a multi-generational planning approach, the One Prastha brand is soon emerging as a trusted name redefining real estate in northern India.

About One Prastha

One Prastha Realty LLP, founded in 2023, draws inspiration from the ancient Indian concept of Prasthas-historic settlements rooted in community living. The company aims to recreate these timeless values through modern, meticulously planned ecosystems across residential, commercial, industrial, and farmhouse segments. After successfully delivering its first 8.5-acre boutique project ahead of schedule, One Prastha is now developing a 60-acre integrated township in Sonipat and expanding into farmhouse communities, industrial parks, and high-rise residential formats.

Sarovar Hotels Launches ‘Write Your Own Story’ Campaign to Redefine Indian Wedding Hospitality

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Sarovar Hotels Launches ‘Write Your Own Story’ Campaign to Redefine Indian Wedding Hospitality

Sarovar Hotels, one of India’s leading hospitality chains, has announced the launch of its new wedding campaign, ‘Write Your Own Story’, aimed at redefining the Indian wedding experience with fully customizable, end-to-end services tailored to each couple’s unique vision.

The campaign responds to a growing demand for celebrations, supported by a steady increase in banqueting and F&B revenues across Sarovar properties. Backed by the group’s strengths – diverse destinations, dependable service, and warm hospitality – ‘Write Your Own Story‘ delivers weddings that are seamless, culturally relevant, and truly personal.

Sarovar Hotels-Wedding Campaign

“Weddings in India are emotional milestones. With ‘Write Your Own Story’, we’re not just offering venues – we’re offering partnerships,” said Mr. Nipun Vig, Sr. Vice President – Operations, Sarovar Hotels.”Whether it’s a traditional family-led celebration or a couple-planned modern wedding, our focus is on letting them do it their way. From dedicated concierge support to curated packages, we’re helping families focus on what truly matters – making memories. With thoughtful touches like complimentary stays for the couple, exclusive honeymoon getaways, and savings on multi-function bookings, our goal is to make dream weddings more personalised, stress-free, and memorable.”

With over 140 hotels across 85 destinations, Sarovar Hotels offers an extensive range of venues – spanning beaches, hill stations, heritage towns, and city hotels – making it ideal for every kind of celebration. A dedicated wedding concierge team manages every detail, from dcor and catering to logistics and guest services, ensuring a seamless and stress-free experience. As part of the campaign, Sarovar Hotels has also introduced a host of exclusive offers and value additions for couples and families – ranging from complimentary stays and curated honeymoon experiences to savings on multi-event bookings – making dream weddings even more memorable and rewarding.

With ‘Write Your Own Story’, Sarovar Hotels aims to honour the individuality of each couple while delivering a wedding that is warm, thoughtful, and truly memorable. The campaign reflects Sarovar’s commitment to celebrating personal stories through curated experiences that combine heartfelt hospitality with professional execution.

To know more details, please visit www.sarovarhotels.com/weddings.html.

About Sarovar Hotels
Sarovar Hotels Pvt. Ltd. is a leading hotel management company and one of the fastest-growing chains of hotels in India. Headed by a team of industry veterans, the company manages over 140 operational hotels in 85 destinations across India, Nepal, and Africa, under the Sarovar Premiere, Sarovar Portico, Hometel, and Golden Tulip brands. Sarovar Hotels covers the 3, 4, and 5-star spectrum and also operates a Corporate Hospitality Services division for business schools and corporate institutions.

With 16 regional sales & reservations offices across India, Sarovar Hotels is among the country’s most diverse hotel management companies. Sarovar Hotels is part of the Paris-headquartered Group Du Louvre, a major player in the global hospitality industry, managing a portfolio of 1700 hotels across 60 countries.

India’s First AI-driven Marketplace, Scrapcart Sets Out to Transform India’s USD 18 Bn Waste Economy

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India’s First AI-driven Marketplace, Scrapcart Sets Out to Transform India’s USD 18 Bn Waste Economy

Scrapcart has entered the fray to streamline that process, and empower industries, MNCs, SMEs, and recyclers to responsibly dispose of their waste while unlocking timely value from scrap through smart technology.

Scrapcart is India’s first AI-powered marketplace for industrial scrap trade, and runs on the principles of price transparency, easy documentation, assured material quantity and quality, and strong ESG compliances. The cutting-edge platform offers real-time bidding for scrap, made reliable through digital audits, secure and timely payments, and seamless transactions.

Mr. Vineet Relia, Founder, Scrapcart

“The Indian scrap ecosystem is vast, yet under-digitised. At Scrapcart, we are building a scalable solution for industrial scrap including ferrous, non-ferrous, and e-waste that removes inefficiencies, empowers recyclers and makes responsible recycling not just possible but profitable,” said Vineet Relia, Founder, Scrapcart.

“Our AI-powered tech platform brings in accountability, compliance, and growth across our value chain with minimum human intervention,” he said

There are over 62 million tonnes of waste generated annually in India, and the country’s scrap market stands at a massive value of $18 billion. However, this market is still untapped since scrap management and trade is an unorganised sector, one that is marked by middlemen ruling the roost, trust issues, logistics hassles, and compliance concerns.

Scrapcart’s platform is designed to align with national circular economy objectives, including Swachh Bharat and extended producer responsibility (EPR) mandates.

The price of scrap in the market changes every day, making it harder for organisations to operate in a streamlined and consistent manner, without risks. Scrapcart hopes to eliminate the uncertainty from the process, by bringing structure and security to the scrap management process.

With a managed services approach on end-to-end logistics, and a tech-driven approach for the discovery, sale, and purchase of scrap, the platform is designed to deliver maximum value, no matter the buyer.

Some of the salient features of Scrapcart’s process include:

No Middlemen: The platform digitises the conventional manual process of scrap sale and purchase to eliminate the traditional middlemen from the chain, and counter thefts and price leakages.

AI-Enabled: Scrapcart leverages Artificial Intelligence to develop tracking and estimation tools around volume, quality, and price estimation.

Digital Traceability: By enabling GPS tracking and digital weight slips, Scrapcart ensures automated documentation for every transaction.

Secure Payments: Using secure and paperless transactions, backed by escrow payments and digital contracts, every deal has a reliable payments process.

ESG & Regulatory Compliance: Digital audits and reporting tools to help enterprises meet sustainability goals and compliance benchmarks.

About the Founders

Vineet Relia, Founder
A seasoned industry leader, Relia holds a B.Tech in Computer Science from MIT, Manipal and has held CXO positions at top IT and real estate firms in the past. He also served as the managing partner at Inojo Interim Management.

Shobhit Jaiswal, Co-founder

An IIT Delhi alum, and a former UN consultant, Jaiswal has a strong base in impact consulting and product management. He also helped scale India’s largest health and PDS programs impacting 100M+ people. He is also a recipient of the Nobel Peace Prize (2020, WFP) as part of the UN.

Susheel Kumar, Co-founder

An IIT Delhi alum, Kumar executed hands-on stints at leading startups like Ola, Udaan, Zingbus, and Pristyn Care. At Scrapcart, he leverages his expertise in scaling operations and managing large P&Ls across mobility, healthtech, and logistics. A former leader at EY, Kumar is driving growth with a sharp focus on execution and efficiency.

India Steps into the Global Wrestling Arena – The Global League Wrestling Launches 17 September 2025

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India Steps into the Global Wrestling Arena – The Global League Wrestling Launches 17 September 2025

For years, India has cheered from the sidelines as global wrestling spectacles captured imaginations worldwide. Now, it’s our turn. This September, the spotlight swings to India – not as a spectator, but as a creator, leader, and game-changer.

Adi Groupe Collaborates with Prasar Bharti for GLW

AdiGroupe and its sports innovation arm AEx SPORT, in association with Prasar Bharati, proudly announce the launch of Global League Wrestling (GLW) – the nation’s first global-format professional wrestling league, conceived in India and designed for audiences across the world.

This is more than sport. It’s a national moment.

Launching on 17th September 2025 with a 40-week season, GLW will air on DD Sports, stream on Waves OTT, and broadcast through All India Radio beginning 4th October. Together, these platforms are expected to deliver a staggering reach of 1 billion viewers, from the largest metros to the smallest villages – making GLW one of the most ambitious sports entertainment projects ever launched from Indian soil.

The Energy of India, the Spirit of the World
GLW combines the athletic intensity of professional wrestling with the richness of Indian storytelling. Expect powerful rivalries, heroic journeys, and emotional sagas – inspired by our cultural identity yet crafted to captivate audiences everywhere. Every match will be a spectacle, every character a story worth following, and every victory a reason to celebrate.

At the heart of GLW, The Great Khali takes on the role of Brand Ambassador and Talent Commissioner, guiding a new generation of Indian wrestling talent and preparing them to stand tall on the global stage.

A Gift to the Nation
“GLW is India’s statement to the world – that we have the vision, skill, and execution prowess to create world-class sports entertainment,” said Sanjay Viswanathan, Chairman of AdiGroupe, AEx SPORT, and GLW. “It’s a platform for our athletes to rise, compete, and inspire – and for our stories to echo far beyond our borders. This is a gift to the Bharat, and a celebration of our youth’s energy and determination.”

Gaurav Dwivedi, CEO of Prasar Bharati, added, “GLW offers something truly unique – the discipline and drama of professional wrestling brought to life with the cultural depth of India. Through our platforms, we will bring this to every home, every community, and every generation.”

History in the Making
With GLW, India is not entering the global wrestling map quietly – it is stepping into the arena with the force of a billion hearts. From screens to stadiums, from local heroes to global icons, GLW will inspire a generation, showcase homegrown excellence, and unite the nation in pride and excitement.

Mark your calendars. 17th September 2025 is the day India enters the ring – not as a contender, but as a champion unveiled.

This is our league. Our stories. Our glory.

#GLWIndia #IndiaInTheRing #GlobalLeagueOfWrestling #17Sept2025

About Adi Groupe
Adi Groupe is London-based diversified group with a strategic vision to develop high-value, future-proof businesses across diverse sectors in India and overseas. Anchored by the leadership team of deep operating expertise, the Group combines a unique combination of technology innovation, operational excellence, and strategic business development to drive sustainable growth and long-term value creation.

With years of collective experience in scaling businesses, handling complex operations, and implementing large-scale transformations, Adi Groupe leverages the world-class practices staying deeply rooted in local market insights. Its business philosophy rests on three pillars – innovation-led growth, operational excellence, and creation of stakeholder value. This leads the Group to recognize emerging opportunities, roll out cutting-edge solutions, and build strong operational structures that produce consistent outcomes.

Beyond financial performance, Adi Groupe is committed to shaping the industries it operates in by setting high standards for governance, sustainability, and community impact. The Group invests significantly in talent, technology, and infrastructure to enhance its competitive advantage while being aligned with Indias vision for economic development and global competitiveness.

For more information, please visit: www.adi-partners.co.uk

About AEx SPORT
AEx SPORT is the sports innovation division of AdiGroupe, a UK-headquartered firm focused on creating next-generation sports properties rooted in cultural impact and technological excellence. AEx SPORT develops IPs across performance-based sports and entertainment with a mission to inspire and empower audiences globally.

Solo-Dex and Polymedicure Partner to Bring Opioid-Free Acute Pain Management to India and Major Asian Markets

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Solo-Dex, Inc., a U.S.-based medical device innovator, and Polymedicure Ltd. (Polymed), Indias leading manufacturer of high-quality medical devices, today announced a strategic manufacturing and supply partnership to bring Solo-Dexs patented, opioid-free regional anesthesia solutions to hospitals across India for the first time.

Under this agreement, Polymed will manufacture Solo-Dexs flagship product, the Fascile Continuous Peripheral Nerve Block system, in accordance with Solo-Dexs strict quality standards, for distribution across India and key global markets. The product is already approved for clinical use in the United States and Europe and is now set to support Indias expanding Enhanced Recovery After Surgery (ERAS) programs and the growth of outpatient surgical care.

“This is a game-changer for pain management in India,” said Steven Eror, CEO of Solo-Dex. “Polymeds scale, precision, and strong regulatory framework make them the ideal manufacturing partner. Together, well deliver a transformative technology that goes far beyond suppressing pain-it blocks acute pain completely.”

First-of-its-kind in India: Faster, Safer, Non-Opioid Pain Control

Solo-Dexs patented device installs in under two minutes and enables continuous, localized pain relief without opioids. Unlike conventional methods that may require IV sedation and can result in patient delirium, Solo-Dex minimizes systemic drug exposure, and eliminates the need for oral opioids thereby improving patient safety, reducing recovery time, and decreasing demand on hospital resources.

The technology is designed to seamlessly integrate with ERAS protocols, helping hospitals manage post-operative pain more efficiently. As Indias healthcare system increasingly embraces day surgery and outpatient models, Solo-Dex offers a solution that enhances patient throughput and satisfaction without compromising clinical outcomes.

“We are excited to be part of this international collaboration,” said Himanshu Baid, Managing Director of Polymed. “This partnership not only brings cutting-edge pain management to Indian clinicians and patients, but also aligns with our commitment to making world-class healthcare more accessible.”

Designed for Global Impact

Manufacturing will take place in Polymeds ISO 13485-certified, FDA-auditable facilities, with initial orders for 100,000 units. In addition to serving India, the partnership aims to fulfill international demand across Asia, Africa, Latin America, and select European markets, with Solo-Dex overseeing global regulatory compliance and branding.

“Thanks to this agreement, Solo-Dex now has the scalable, cost-effective production capacity to meet global demand while maintaining the clinical precision and quality our technology requires,” said Eror. “Were especially proud to collaborate with Polymed to address the worldwide need for safer, opioid-free surgical recovery.”

The Solo-Dex and Polymed partnership is already engaging with leading hospital systems across India, with commercial availability expected to begin in Q4 2025.

About Solo-Dex, Inc.
Solo-Dex is a U.S.-based medical device company focused on opioid-free acute pain management. Its patented continuous peripheral nerve block systems enable anesthesiologists to deliver localized, long-lasting anesthesia for post-surgical recovery. Solo-Dex technology is approved for clinical use in the U.S. and EU.

About Polymedicure Limited
Polymed is one of Indias most trusted names in medical devices, with a portfolio of more than 125 FDA-approved and CE-marked products. With a global presence in over 100 countries, Polymed operates high-end manufacturing facilities and is committed to delivering innovative, high-quality healthcare solutions at scale.

Fuelling Next Growth Sprint, SATYA MicroCapital Raises Rs. 300 Crore Capital via Rights Issue

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SATYA MicroCapital Limited; an RBI registered NBFC-MFI has announced raising up to Rs. 300 Crore through rights issue of shares with pre-emptive rights for existing shareholders.

The decision regarding the rights issue carries significant implications for SATYA’s capital structure and future growth prospects. The proceeds from the rights issue are primarily deployed towards expanding SATYA’s loan portfolio, enhancing technology infrastructure, and strengthening operational capabilities to drive inclusive growth. Additionally, this capital infusion is also aimed at further strengthening the company’s capital adequacy, enhancing lending capacity, and deepening geographic outreach to marginalized communities across rural and semi-urban India.

Commenting on the development, Mr. Vivek Tiwari, MD & CEO of SATYA MicroCapital, said, “SATYA has always been committed to empowering micro-entrepreneurs, especially women, by providing them with access to affordable credit. This rights issue marks another significant step towards achieving our mission of fostering financial inclusion at scale. The fresh capital will enable us to meet the growing credit demand while maintaining our focus on sustainable and responsible lending. I am thankful to all our existing shareholders who have exhibited unbounded confidence in SATYA by being a part of our progressive growth story at this attractive valuation. The microfinance sector continues to show tremendous potential, and SATYA is well-positioned to capitalize on emerging opportunities”.

He further added, “Indias microfinance industry has demonstrated resilient growth, driven by increasing financial inclusion initiatives, supportive regulatory frameworks, and growing digital adoption in rural markets. SATYA’s strategic positioning and experienced management team is all set to capture this growth potential.“

Since inception in 2017, SATYA has impacted over 1.6 million clients across 74,000+ villages in 26 states via robust network of 830+ branches nationwide, with a strong emphasis on creating socio-economic value in underserved segments. The rights issue reflects SATYA’s long-term vision to scale operations, maintain robust asset quality, and deliver value to all stakeholders.

About SATYA MicroCapital Limited
SATYA MicroCapital Limited is a NBFC-MFI registered with the Reserve Bank of India, which provides collateral-free credit to micro and small entrepreneurs, with a strong focus on women-led enterprises. With a strong focus on driving financial inclusion and economic empowerment in rural India through innovative and socially responsible lending practices, SATYA envisions to be a catalyst for the socio-economic upliftment & economic empowerment of 10 million households by the year 2030. Driven by a deep commitment to ESG principles and measurable social impact, SATYA is shaping a future where economic empowerment begins at the grassroots building resilience, enabling sustainable income generation, and paving the way for long-term prosperity for those who are traditionally excluded from mainstream financial services.

Minda Corporation has Delivered its Highest Ever Consolidated Revenue of Rs. 1,386 Crore and Operating Profit of Rs. 156 Crore with an Operating Margin of 11.3%

Ravindra Kirti Founder GGF
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Minda Corporation Limited (Minda Corp or the Company; NSE: MINDACORP, BSE: 538962), the flagship company of Spark Minda, announced its financial results for the first quarter ended June 30, 2025.

Consolidated Q1 FY2026 Performance

  • Consolidated Revenue of Rs. 1,386 Crore, a growth of 16.2% YoY

  • EBITDA of Rs. 156 Crore, with an EBITDA Margin of 11.3%, up 23 bps YoY

  • PAT of Rs. 65 Crore with a PAT margin of 4.7%

Minda Corp achieved quarterly revenue of Rs. 1,386 Crore, surpassing consensus estimates with a growth of 16.2% YoY. This performance is attributed to a strong product portfolio, an expanding customer base and a focus on product premiumisation. During the quarter, the Company reported quarterly EBITDA of Rs. 156 Crore, with a margin of 11.3%, marking a 23 bps YoY improvement. Profit Before Tax (PBT) stood at Rs. 71 Crore, with a margin of 5.1%, while Profit After Tax (PAT) reached Rs. 65 Crore, with a margin of 4.7%.

Minda Corporation entered into a Joint Venture Agreement with Toyodenso to establish a Joint Venture Company in India for manufacturing and selling of advanced Automotive Switches. The partnership will provide end-to end solutions for automotive switches across two-wheelers, Passenger Cars and other automotive segments in the Indian market. Minda Corporation will hold the majority stake in the newly formed venture, with an investment in the agreed shareholding ratio of 60:40. The new Joint venture has already received orders from customers in India. This greenfield plant will be set up in Noida, Uttar Pradesh and is expected to commence operations by 2nd half of FY 2026-27.

Minda Corporation Collaborates with Qualcomm to co-develop Smart Cockpit Solutions. As part of this collaboration, Minda Corporation is designing a next-generation cockpit platform powered by the Snapdragon Cockpit Platform from Qualcomm Technologies. This alliance reflects commitment to technological leadership and aligns with the long-term vision of delivering intelligent, connected and user-centric experiences that create sustainable value for OEMs, end users and shareholders.

Commenting on the results, Mr. Ashok Minda, Chairman and Group CEO said, “The first quarter of FY26 witnessed a strong performance, supported by resilient demand across key vehicle segments. Leveraging our focus on operational excellence, technology integration, and customer-centric initiatives, we continued to strengthen our market position. As we progress through the year, we remain focused on expanding our market reach, enhancing exports, and delivering sustainable value to our stakeholders through consistent execution and strategic initiatives.”

Moving forward, the Company aims to broaden its product portfolio by enhancing its competitive edge through sustained R&D investments. We will also continue to strengthen strategic partnerships to leverage technological advancements and effectively address evolving customer needs.

Particulars (Rs. Crores)

Q1FY26

Q1FY25

Y-o-Y (%)

Q4FY25

Q-o-Q (%)

FY25

FY24

Y-o-Y (%)

Operating Revenue

1,386

1,192

16.2%

1,321

4.9%

5,056

4,651

8.7%

EBITDA

156

132

18.6%

153

2.2%

575

514

11.7%

Margin (%)

11.3%

11.1%

23 Bps

11.6%

(29) Bps

11.4%

11.1%

31 Bps

Profit Before Tax (PBT)

71

84

(16.2)%

65

9.0%

336

308

8.8%

Margin (%)

5.1%

7.1%

(198) Bps

4.9%

19 Bps

6.6%

6.6%

1 Bps

Profit After Tax (PAT)

65

64

1.7%

52

25.5%

255

227

12.4%

Margin (%)

4.7%

5.4%

(67) Bps

3.9%

77 Bps

5.1%

4.9%

17 Bps

About Minda Corporation (BSE: 538962; NSE: MINDACORP)
Minda Corporation is one of the leading automotive component manufacturing companies in India with a pan-India presence and significant international footprint. The Company was incorporated in 1985. Minda Corporation is the flagship company of Spark Minda, which was part of the erstwhile Minda Group. The Company has a diversified product portfolio that encompasses Mechatronics, Information and Connected Systems and Plastic and Interior for auto OEMs. These products cater to 2/3 wheelers, passenger vehicles, commercial vehicles, off-roaders and after-market. The Company has a diversified customer base including Indian and global original equipment manufacturers and Tier-1 customers.

For assimilating the latest technologies, Minda Corporation has a dedicated R&D facility and collaborations with the pioneers and leaders of the automobile industry. This has provided Minda Corporation with the cutting-edge in product design and technology to meet strict international quality standards.

For further information on Minda Corporation visit www.sparkminda.com.

Safe Harbour
This release contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Minda Corporation future business developments and economic performance. While these forward-looking statements indicate our assessment and future expectations concerning the development of our business, several risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. Minda Corporation undertakes no obligation to publicly revise any forward-looking statements to reflect future / likely events or circumstances.

Money Expo 2025 Set to Return to Mumbai – Scaling India’s Financial Future

Ravindra Kirti Founder GGF
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Money Expo 2025 Set to Return to Mumbai – Scaling India’s Financial Future

In less than two weeks’ time, Money Expo India 2025, the country’s flagship exhibition and conference for trading, investing, fintech, and digital financial services, will return to Mumbai.

The fourth edition will take place on August 23-24, 2025 at the Jio World Convention Centre, bringing together 10,000+ attendees, 100+ brands, 80+ high-profile speakers, and participants from more than 10+ countries including investors, retail traders, HNIs, fintech founders, and institutional leaders for two focused days of insights, innovation, and opportunity.

https://www.newsvoir.com/images/article/image1/32852_Money_Expo_India.jpg

The 4th edition of Money Expo India 2025 will bring together industry leaders, brands and speakers from 10+ countries in Mumbai

Money Expo India 2025 will feature a major exhibition floor with live demos, product showcases, and networking activations from top fintech and trading brands including CMS Prime, FxPro, GTC Prime, JustMarkets, MondFx, My MAA Markets, Trive, and XS.com among many others, presenting the latest solutions and platforms designed to empower India’s financial and trading community.

In addition to the exhibition, the event will also shine a spotlight on the emerging trends and innovations shaping India’s financial ecosystem. Interactive workshops, keynote sessions, and expert-led panels will explore key themes including AI-powered finance, stock market movements, mutual funds, regulatory updates, compliance tools, and digital payments.

“India’s fintech and online trading sectors are evolving rapidly, supported by digital infrastructure, rising literacy, and a progressive regulatory framework. Since its inception in 2022, Money Expo India has grown from strength to strength – delivering real value for attendees, exhibitors, and partners. The 2025 edition will be our most impactful yet,” said Niyaz Mohamed, Commercial Director, Money Expo India.

According to a recent EY report titled “The Role of FinTech in Building Viksit Bharat,” Indias fintech sector is projected to generate USD 180-200 billion in revenue by 2030. In alignment with this vision, Money Expo India 2025 plays a pivotal role in advancing India’s fintech ambitions by connecting market leaders, innovators, and investors through next-gen strategies and real-time market engagement.

This year’s event will also witness broader participation from experts in AI-driven banking, digital payments, compliance solutions, and institutional finance. The event will welcome professionals from sectors including banking and finance, asset management, insurance, NBFCs, consulting, auditing, advisory, and technology among others.

Ticket Categories & Limited-Time Pricing
Industry professionals can still register to attend Money Expo India 2025, with limited-time discounted passes now available across all categories:

  • Visitor Pass – Rs. 199 (previously Rs. 299, full price Rs. 999)

Includes: 2-day exhibition access and basic event app access

  • Business Pass – Rs. 999 (previously Rs. 1199, full price Rs. 2999)

Includes: Full access to the exhibition and 2-day conference, access to the event app

  • VIP Pass – Rs. 6999 (no additional discount, full price Rs. 9999)

Includes: All-inclusive access to exhibition and conference, access to the event app, lunch, VIP registration desk, VIP lounge access, and front-row seating at the conference

Register at: www.bit.ly/4frktJi.

About Money Expo India
Money Expo India is the country’s premier platform for trading, investing, and fintech. Held annually in Mumbai, the event brings together brokers, investors, platforms, and financial leaders for two days of business, networking, and collaboration.

www.moneyexpoindia.com/mumbai

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