New Delhi [India], May 18: India’s kajal category continues to remain one of the strongest and most-consumed segments within the beauty industry, with consumers increasingly looking for products that combine long-lasting performance, comfort, and formulation-focused benefits. As the Indian beauty market evolves rapidly, products that balance everyday wearability with high-impact results are witnessing stronger traction across both online and offline channels.
Amidst this growing category, Forever52’s Amazonic Kajal has recently gained attention following celebrity collaborations with actress Shilpa Shetty and TV sensation Nia Sharma. Most recently, Nia Sharma collaborated with Forever52 for a Mother’s Day campaign featuring the brand’s products, including the Amazonic Kajal. The campaign brought additional focus to the product across digital beauty and entertainment platforms while strengthening the brand’s presence within the everyday makeup category.
The increasing focus around the product also reflects a larger shift happening within celebrity beauty collaborations today. Consumers are becoming more selective about the products they purchase, especially in categories used almost daily, such as kajal. Celebrity endorsements are also being viewed more through the lens of credibility, product relevance, and formulation quality rather than simple promotional visibility.
Amazonic Kajal has been positioned as an everyday performance product designed for modern beauty consumers. The kajal features an intense black payoff along with a waterproof and long-lasting formula that lasts for up to 24 hours. The product is dermatologically and ophthalmologically tested and is also vegan, paraben-free, and led-free, making it suitable for regular daily wear.
Priced at INR 249, the Forever52 Amazonic Kajal is available on Nykaa, Tira, Blinkit, Amazon, the brand’s official website, and Forever52 retail stores/offline outlets across India. The product is also among Forever 52’s top-selling products across 1,600 retailers in India, with one Amazonic Kajal sold every minute globally.
In India, kajal continues to remain more than just a makeup essential. It is one of the most-used beauty products across age groups and forms a part of daily makeup routines for millions of consumers. Whether for minimal everyday looks, office wear, festive makeup, or full glam routines, kajal remains a staple category with consistently high consumer demand. As a result, the market has become increasingly competitive, with buyers expecting products to deliver strong pigmentation, smudge resistance, smooth application, and long-hour comfort simultaneously.
Alongside performance, formulation-focused beauty has also become a growing priority among Indian consumers. Buyers today are paying closer attention to the products they use around the eyes and are increasingly looking for options that feel safer and more suitable for regular wear. This has led to stronger demand for products that combine performance-driven features with dermatologically and ophthalmologically tested formulations.
The growing traction around Amazonic Kajal also highlights the increasing demand for affordable performance makeup within India’s beauty industry. Consumers today are actively seeking products that offer premium-looking results without entering luxury price points. With a combination of long wear, waterproof performance, accessibility, and celebrity associations, the product continues to strengthen its positioning within the affordable everyday makeup segment.
As India’s beauty industry continues to expand rapidly, the kajal category remains one of the most competitive and high-consumption segments in the market. With rising consumer awareness around formulations and increasing demand for everyday performance products, Forever52’s Amazonic Kajal continues to strengthen its presence among modern Indian beauty consumers looking for products that combine performance, accessibility, and everyday wearability.
About Forever52
Established in 2008 in the UAE, Forever52 has expanded its presence across 40+ countries globally and launched in India in 2018. Known for its professional-quality makeup and trend-forward beauty products, the brand has built a strong presence among makeup artists, creators, and beauty consumers. Forever52 continues to focus on creating innovative, high-performance products designed for everyday wearability and modern beauty needs.
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New Delhi [India], May 18: Fusion Finance announced its Q4FY26 and full-year FY26 results, reflecting a strong recovery in operating performance led by sustained improvement in collection efficiency, asset quality, write-off recoveries, and portfolio performance, which led to a sharp reduction in credit costs during the quarter. The Company closed FY26 on a significantly stronger footing, with improving business momentum and a strengthened balance sheet.
Fusion Finance returned to full-year profitability.
Continued strengthening in portfolio quality and disciplined growth in disbursements.
AUM at Rs 7407 crore as of March 2026, growing 8% over the sequential quarter.
Collection efficiency and recoveries improved significantly, driving lower credit costs and stronger profitability.
Avg. Collection efficiency on portfolio outstanding improved consistently during the year and reached 99.66% in Q4FY26, the highest level over the last several quarters, and the new book, as per tighter guardrails, performed with an avg CE of 99.77% during the quarter. This was achieved by focused recovery efforts, disciplined field execution, and continued customer engagement.
The strengthening in collections translated into a significant improvement in asset quality metrics during the quarter. Gross NPA improved to 3.21% in Q4FY26 from 4.38% in Q3FY26, while Net NPA improved to 0.51% from 0.63% in the previous quarter.
Improved portfolio quality and stable collection trends also resulted in a meaningful reduction in credit costs. Credit cost as per the ECL model for Q4FY26 stood at Rs 56 crore, declining 30% sequentially and 78% year-on-year. Net P&L impact from credit costs reduced to Rs 32 crore during the quarter, compared to Rs 65 crore in Q3FY26 and Rs 247 crore in Q4FY25.
Reflecting the improvement in operating performance, Fusion reported Profit After Tax (PAT) of Rs 114.2crore for Q4FY26, after including the Deferred Tax Asset (DTA) recognition of Rs 76.8 crore during the quarter. Excluding the DTA recognition, profitability improved materially on the back of superior credit costs, improved recoveries, and stable operating performance, with Q4FY26 profit at INR 37.4 Crore. For the full financial year FY26, the company returned to profitability and reported a PAT of Rs 13.9crore.
After multiple quarters of calibrated normalization, Fusion’s Assets Under Management (AUM) grew to Rs 7,407 crore as of March 31, 2026, registering an 8% sequential increase. Quarterly disbursements grew 34% QoQ and 85% YoY to Rs 2,140 crore, reflecting calibrated business momentum alongside continued focus on portfolio quality.
Net Interest Margin (NIM) improved to 11.44% in Q4FY26 from 11.32% in Q3FY26, supported by better portfolio yields, improving asset quality, and lower marginal cost of borrowing.
Commenting on the performance, Mr. Sanjay Garyali, MD & CEO, Fusion Finance Limited, said: “The quarter reflects the steady strengthening of our core operating metrics. Our focused efforts on improving collection efficiency, driving disciplined recoveries, and maintaining prudent underwriting standards have resulted in strong improvement in portfolio quality across the business. The decline in GNPA, NNPA, and credit costs demonstrates the effectiveness of our risk management and execution capabilities. As collection trends stabilize further, we remain focused on pursuing sustainable growth while maintaining portfolio quality and operational discipline.”
Fusion continued to strengthen its pan-India distribution network during the year, with presence across 1,536 branches in 22 states and 3 Union Territories.
Mumbai (Maharashtra) [India], May 18: Cupid Limited (Cupid, The Company) announced its strongest-ever quarterly performance in Q4 FY26 (quarter ended 31st March 2026), driven by strong execution, consistent demand momentum, and improved traction across key business segments.
Building on this strong close to the year, the Company has entered FY27 with healthy business momentum, supported by a strong order book, improving execution visibility, and sustained demand across markets, providing confidence for continued growth ahead.
– Operating Income of ₹ 357.71 Cr, YoY growth of 95%
– EBITDA of ₹ 116.70 Cr, YoY growth of 180%
– PBT of ₹ 142.47 Cr, YoY growth of 160%
– Net Profit of ₹ 108.23 Cr, YoY growth of 165%
Note: Percentage figures have been rounded off to the nearest whole number
Historic Quarterly Performance & Growth Momentum
·Q4 FY26 stands as the strongest quarter in the Company’s history, with Cupid Limited surpassing its FY26 annual guidance of ₹335 Cr revenue and ₹100 Cr net profit, reflecting exceptional business momentum and execution strength
·Strong performance was driven by scale-up across key business segments, supported by improved operating leverage, efficient execution and sustained demand momentum
·Healthy traction continues across domestic and international markets, providing strong visibility for continued growth ahead
·Strongest ever order pipeline continues across global institutional agencies, government procurement programs and FMCG channels
Product Mix & Business Scale-Up
·Male condoms remained the largest revenue contributor with revenue contribution of ~₹181.11 Cr during FY26
·Female condoms contributed ~₹60.72 Cr, supported by increasing global demand and expanding procurement opportunities
·Newly launched FMCG Products contributed ~₹84.26 Cr during FY26 and continues to scale rapidly with expanding retail distribution and consumer reach
·IVD kits and Personal Lubricant contributed ~₹24.97 Cr with gradual scale-up and increasing market opportunities
·Diversified product portfolio across healthcare, wellness, diagnostics and FMCG categories continues to strengthen the overall business mix
Export Business & Global Expansion
·Exports contribute ₹208.13 Cr, accounting for 59.30% of revenue. The Company exports its products to over 125 countries, with a strong presence across Africa and other high-demand international markets
·Sharp focus continues on strengthening exports business and expanding international presence across regulated as well as emerging markets
·Global footprint expansion of approximately 35% is targeted over the coming year through deeper market penetration, strategic partnerships and increasing participation in international procurement programs
·Increasing penetration into regulated markets continues to be supported by certifications, technological capabilities and long-standing global relationships
·Healthy institutional demand and repeat business from leading global procurement agencies continue to support long-term international growth visibility
·USD/INR exchange rates currently remain among the highest levels witnessed historically, expected to act as a favourable tailwind given the Company’s meaningful export exposure and growing international operations
FMCG Expansion & Style Baazar Ecosystem
·Aggressive expansion of FMCG distribution footprint across India continues, supported by increasing consumer penetration and strengthening retail access
·Strategic investment of ₹331.53 Cr in Baazar Style Retail Limited significantly strengthens FMCG distribution ecosystem and market reach
·Initial deployment of ₹82.88 Cr representing 25% of the total investment has already been completed with allotment of 1,01,00,000 warrants
·Access to a rapidly expanding retail network of 250+ stores is expected to improve shelf presence, last-mile reach and product availability across key markets
·Planned expansion of the Style Baazar network to 500+ stores over the next 2–3 years is expected to significantly enhance consumer touchpoints and brand visibility
·Faster rollout of the expanding FMCG portfolio is expected through stronger store-level execution and consumer insights
·The Style Bazaar ecosystem is expected to support approximately ₹150 Cr incremental revenue in FY27 with scale-up potential to approximately ₹500 Cr annual revenue over the medium term
·Integrated go-to-market strategy combining manufacturing scale, brand building and retail distribution capabilities is expected to support long-term FMCG growth
Strategic Investments & Ecosystem Expansion
·Strategic investments in GII Healthcare Fund and Baazar Style Retail Limited are expected to create significant long-term value through both standalone appreciation and broader ecosystem advantages
·Investments remain aligned with the broader vision of strengthening presence across healthcare, wellness, FMCG and retail distribution ecosystems
·These strategic initiatives are expected to create additional avenues for long-term value creation while supporting future business scale-up opportunities
Nitrile Female Condom & Dual Polymer Expansion
·Development Program for nitrile female condoms commenced during the quarter, targeting a premium global segment historically supplied by a single global manufacturer
·Global female condom market was estimated at approximately $770 Mn in 2024 and is projected to exceed approximately $1.2 Bn by 2030, with nitrile positioned as a premium latex-free category
·Growing demand from global procurement agencies for supply diversification continues to create strong opportunities within the segment
·25–35% Higher pricing compared to latex alternatives, along with strong technical, regulatory, and supply chain entry barriers,continue to make the segment strategically attractive
·New manufacturing facility has been designed with integrated dual polymer dipping capability enabling production of both Natural Rubber Latex and Nitrile condoms on dedicated lines without cross-contamination
·Integrated dual polymer capability positions Cupid as the only condom manufacturer in India with manufacturing capabilities across male condoms, female condoms and nitrile female condoms
·Upon full commissioning, expanded manufacturing capacity is expected to support annual production of approximately 1.25 Bn male condoms and approximately 125 Mn female condoms
Branding & Technology Positioning
·“Made in India with Japanese Quality” initiative continues to strengthen the Company’s global positioning and brand differentiation
·Collaboration with Asia’s oldest latex condom manufacturer further strengthens technological and manufacturing capabilities
·Branding strategy remains focused on enhancing positioning across domestic consumers as well as global OEM partners
Diagnostics & Regulatory Certifications
·During FY26, CE (EU IVDR) certification was received for HIV 1&2 Antibody, Hepatitis B,Syphilis and Pregnancy test kits.
·Certification under EU IVDR 2017/746 representsone of the most stringent global regulatory standards for diagnostics products
·Access to European Economic Area markets and other CE recognised geographies is expected to significantly strengthen international opportunities
·Eligibility for government tenders, multilateral healthcare programs and large-scale public health screening initiatives globally has further strengthened following the certification
Raw Material Security & Operating Environment
·Raw material inventory remains comfortably secured for well over six months across key product categories, including inputs linked to crude derivatives
·Strategic inventory positioning is expected to support operational stability, uninterrupted execution and margin resilience across domestic and international markets
·Demand across global B2B and India focused B2C FMCG businesses continues to remain robust and buoyant, supported by expanding distribution, sustained institutional demand and growing consumer penetration
·Strong raw material security and favourable global demand trends continue to position the business well to navigate inflationary cycles while sustaining growth momentum
Strategic Growth Outlook
Building on strongest ever operational momentum, expanding FMCG distribution network, growing international opportunities and ongoing capacity expansion initiatives, Cupid Limited remains strategically positioned for significant scale-up over the next three financial years.
·Rapid expansion of FMCG distribution footprint across India
·Increasing contribution from high-margin B2C business
·Capacity expansion across male and female condom portfolio
·Growth in global institutional and government tenders
·New product additions across lubricants, wellness and diagnostics
·Operating leverage benefits from scale and backward integration efficiencies
·Continued focus on disciplined execution, margin expansion and long-term shareholder value creation for shareholders
Commenting on the performance, Mr. Aditya Kumar Halwasiya, Chairman and Managing Director, said, “We have delivered a historic performance in FY26, surpassing our annual guidance and reporting revenue of ₹ 358 Cr and net profit of ₹108 Cr. This performance reflects strong execution, improving operating leverage, and sustained demand across our businesses, resulting in our strongest-ever quarterly and full-year performance.
During the quarter, we commenced the development Program for nitrile female condoms, entering a premium segment which has historically been supplied by a single global manufacturer. Backed by our dual polymer manufacturing capability, we are uniquely positioned as the only manufacturer in India with the ability to produce both latex and nitrile condoms, with a planned capacity of ~1.25 billion male condoms and ~125 million female condoms annually.
We have also strengthened our global positioning through our ‘Made in India with Japanese Quality’ initiative, supported by our collaboration with one of Asia’s oldest condom manufacturers, reinforcing our focus on quality and technological excellence.
In diagnostics, we further strengthened our regulatory portfolio during FY26 with the receipt of CE EU IVDR certification for our HIV and Hepatitis B test kits, along with CE certification for our Syphilis and Pregnancy test kits. These approvals collectively enhance our access to regulated markets such as Europe while strengthening our participation in global public health programs.
On the domestic front, our strategic investment of ₹331.53 Cr in Baazar Style Retail significantly strengthens our FMCG distribution. We have already deployed ₹82.88 Cr, providing access to a retail network of over 260 stores, which is expected to scale beyond 500 stores over the next 2 to 3 years. This ecosystem is expected to generate ~₹150 Cr incremental revenue in FY27 and scale up to ~₹500 Cr annually over the medium term, while significantly improving our brand visibility and last mile reach.
Looking ahead, with strong export momentum, a favorable currency environment, and a well-secured raw material position, we are confident of sustaining this growth trajectory and achieving our FY27 revenue target of ₹600 Cr with net margins above 30%, as we continue to build a scalable and globally competitive business.”
About Cupid Limited
Established in 1993, CUPID Limited, India’s premier manufacturer and brand of male and female condoms, water based personal lubricants, IVD kits, deodorants, perfumes, almond hair oil, body oils, petroleum jelly and other FMCG Products. The company operates with a strong commitment to public health and well- being, maintaining ethical business practices aligned with international standards. In alignment with its strategic growth plans, the company has recently expanded its product offerings to include Fast-Moving Consumer Goods (FMCG) such as fragrance products (Eau De Parfums, Deodorants, Pocket Perfumes), personal care items (Toilet Sanitizers, Hair & Body Oils, Hair Removal Sprays, Face Wash), and other wellness solutions. In March 2024, the company completed a strategic land acquisition in Palava, Maharashtra, enabling it to amplify its production capacity by 1.5 times the existing output. As a result, the annual production capacity will be augmented by approximately 770 million male condoms and 75 million female condoms. The company has a prominent presence in international markets and is the first company in the world to attain WHO / UNFPA pre-qualification for both male and female condoms. CUPID currently exports its products to over 125 countries, with a substantial portion of its revenue generated from international markets. Furthermore, CUPID has established a long-term agreement with WHO / UNFPA. The company is listed on BSE (BSE: 530843) and NSE (NSE: CUPID).
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Mumbai (Maharashtra) [India], May 18: Fredun Pharmaceuticals Limited (BSE – FREDUN | 539730)is pleased to announce the launch of “HORMONE RANGE PRODUCTS, its premium specialty therapeutics brand focused on longevity, hormone health, recovery science, and human performance solutions. The initiative marks Fredun’s strategic entry into a rapidly expanding, high-value healthcare segment driven by increasing global demand for preventive, performance-oriented, and precision-based therapeutics.
Built on a doctor-led, ethical, and evidence-backed pharmaceutical model, the hormone range products combine clinical credibility with a digital-first patient/doctor engagement ecosystem to deliver an integrated healthcare experience focused on outcomes, adherence, and long-term patient value. The range is designed to address the growing shift from traditional disease management towards healthy lifespan optimization, preventive care, and advanced performance therapeutics.
Strategic Highlights
·Strategic expansion into high-growth longevity and specialty hormone therapeutics
·Doctor-led and evidence-backed platform focused on clinical outcomes
·Premium positioning in hormone health, recovery science, and performance care
·Digital + Pharma hybrid model enabling end-to-end patient engagement
·Focused on precision-driven, high-margin, and differentiated therapeutic categories
·The range of products will work hand in hand with our protein supplement range and help
strengthen our reach within the existing demographic, while enabling us to offer a more comprehensive approach towards preventive healthcare, wellness, and performance therapeutics
The initial portfolio includes therapies and formulations based on testosterone and its salts, nandrolone, growth hormone-oriented solutions, and supportive hormone optimization therapies, developed to meet specialised clinical requirements under appropriate medical supervision. The platform is further supported by protocol-driven patient monitoring, doctor engagement, and direct-to-patient fulfillment capabilities designed to improve treatment continuity and patient adherence.
The brand leverages Fredun Pharmaceuticals Limited’s established strengths in pharmaceutical formulation development, quality-focused manufacturing, and global distribution capabilities, while creating new opportunities in premium, innovation-driven therapeutic segments. ADARO is positioned to build a differentiated presence through scientific quality, regulatory alignment, premium product experience, and clinically guided treatment pathways.
Core Business & Growth Drivers
·Premium, science-driven therapeutic positioning
·Focus on hormone optimization and preventive healthcare
·Digital-led patient acquisition and retention strategy
·Specialised formulations with strong clinical orientation
·Direct-to-patient engagement and subscription-based continuity model
·Expansion into emerging high-growth healthcare categories
With increasing consumer and medical focus on vitality, metabolic health, recovery science, and preventive wellness, Fredun believes its hormone range products are well-positioned to address an evolving market opportunity through a trusted, outcomes-focused, and ethically driven pharmaceutical approach. The launch further reinforces the Company’s long-term vision of building a diversified and future-ready healthcare portfolio spanning both large-scale generics and advanced specialty therapeutics.
Commenting on the development, Mr. Fredun Medhora, Managing Director, Fredun Pharmaceuticals Limited said: “The launch of our hormone range products represents a significant milestone in our journey towards building a more specialised and future-ready pharmaceutical portfolio. As we move up the value chain, our focus is on entering segments that demand high scientific rigor, clinical validation,and manufacturing excellence. This range reflects our vision by bringing together medical expertise andevidence-based formulations to create a credible presence in hormone and performance therapeutics.”
About Fredun Pharmaceuticals Limited
Fredun Pharmaceuticals Limited, healthcare and pharmaceuticals company offer a range of products, including antihypertensives, antidiabetic, antiretroviral drugs (ARVs) and narcotics. It is also engaged in the manufacturing of dietary/herbal supplements, nutraceuticals, cosmeceuticals, and other healthcare products along with animal healthcare products. With such a diverse range of products, the Company’s objective is to be a holistic healthcare provider. The Company primarily exports its products to Africa, Southeast Asia, Commonwealth of Independent States (CIS) countries and Latin America.
In the FY25, Fredun reported total revenues of ₹ 456 Cr, with an EBITDA of ₹ 55 Cr and a PAT of ₹ 21 Cr.
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New Delhi [India], May 16: Tourism Finance Corporation of India Limited(TFCIL, The Company), (NSE – TFCILTD | BSE – 526650), one of the leading companies providing financial assistance to tourism-related projects have announced its Audited Financial Results for Q4 FY26.
Key Financial Highlights
Key Financial Highlights Q4 FY26
•Total Income of ₹ 73.94 Cr, YoY growth of 6.46%
•EBITDA of ₹ 65.29 Cr, YoY growth of 7.17%
•PAT of ₹ 32.02 Cr, YoY growth of 6.03%
•EPS of ₹ 0.69, YoY growth of 6.15%
Key Financial Highlights FY26
•Total Income of ₹ 276.83 Cr, YoY growth of 6.45%
•EBITDA of ₹ 249.45 Cr, YoY growth of 6.59%
•PAT of ₹ 123.46 Cr, YoY growth of 18.93%
•EPS of ₹ 2.67, YoY growth of 19.20%
FY26 Key Highlights
Financial Position:
·Tangible Net Worth stood at ₹1,304.84 Cr in FY26, reflecting ~8% YoY growth.
·Gross Loans (AUM) increased significantly to ₹2,088.14 Cr in FY26 (23% YoY growth).
Asset Quality:
·Gross NPA improved sharply to 0.37% in FY26 from 3.22% in FY25.
·Net NPA reduced to Nil in FY26 from 1.61% in FY25, reflecting strong recoveries and a clean asset book.
Operational Efficiency:
·Net Interest Margin (NIM) improved to 6.43% in FY26 from 5.07% in FY25.
·Return on Loans & Advances increased to 12.70% in FY26 from 12.45% in FY25.
·Operating expenses remained controlled at ₹27.94 Cr in FY26, reflecting disciplined cost management.
Capital Adequacy & Gearing:
·Capital Adequacy Ratio (CRAR) remained strong at ~55.53% in FY26, well above regulatory requirements.
·Debt-to-Equity (Gearing) stood at 0.83:1 in FY26, indicating a stable and prudent capital structure.
Operational Highlights:
·The Company’s gross portfolio expanded to ₹2,188.87 Cr in FY26, reflecting strong growth momentum.
·Loan portfolio stood at ₹2,088.14 Cr across 63 borrowers in FY26, indicating a diversified credit base.
·The portfolio remains well-diversified, led by Hotels (52%), followed by Real Estate (19%) and Manufacturing (12%), with Infrastructure & Social Infra contributing 5%.
·Exposure to NBFCs (4%) and Loan Against Shares (3%) remains calibrated, ensuring prudent risk management.
·The Company maintains a pan-India presence, with key exposures in Uttar Pradesh, Maharashtra, and Gujarat, supporting geographic diversification.
·TFCI is actively expanding into solar financing for hotels, resorts, and tourism-linked MSMEs, aligning with sustainability trends and enhancing portfolio diversification.
·The Company is well-positioned to benefit from urbanisation and hospitality-led real estate growth, emerging as a key NBFC enabler in mixed-use developments and renewable infrastructure.
·TFCI has undertaken strategic initiatives in the alternative investment space, acting as a co-sponsor and anchor investor in Holystone Hospitality Fund (Category II AIF).
·The Company has also committed as an anchor investor in Certus Real Estate Fund (Category II AIF), strengthening its real estate investment platform presence.
·Further, TFCI has invested in Oxyzo Credit Fund I, a debt-focused Category II AIF, enabling exposure to diversified sectors and enhancing yield opportunities.
About Tourism Finance Corporation of India Limited
Tourism Finance Corporation of India Limited (TFCI), established in 1989, is a premier public financial institution dedicated to providing finance and advisory services to India’s tourism sector. Over the years, TFCI has expanded its portfolio to include financing for educational and healthcare institutions, NBFCs, affordable and mid-income housing projects, logistics and warehousing, manufacturing sectors, solar projects, and Loan Against Securities.
With a proven track record of contributing to the development of over 50,000 star-category hotel rooms and landmark attractions such as Taj Resorts in Kerala & Goa, Umaid Bhawan Palace Heritage Hotel, Ananda in the Himalayas, Palace on Wheels, Essel World, Shanku Water Park, and Imagicaa, TFCI has played a pivotal role in shaping India’s tourism landscape. The company has also provided strategic advisory and feasibility services to the Ministry of Tourism and several State Tourism Departments, enabling large-scale tourism development projects.
In FY26, the company reported a Total Income of ₹276.83 Cr, EBITDA of ₹249.45Cr, Net Profit of ₹123.46 Cr, and EPS of ₹2.67.
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Jaipur (Rajasthan) [India], May 16: KRN Heat Exchanger and Refrigeration Limited (BSE: 544263 | INE0Q3J01015 | NSE: KRN), one of the prominent manufacturers and exporters of aluminium/copper fins, copper tube heat exchangers, water coils, and condenser and evaporator coils, has announced its Audited Financial Results for Q4 & 12M FY26.
Q4 FY26 Consolidated Key Financial Highlights
Total Income of ₹181.40 Cr, YoY growth of 33.55%
EBITDA of ₹33.55 Cr, YoY growth of 77.56%
EBITDA Margin stood at 18.69%, improved by 432 bps YoY
Net Profit of ₹23.36 Cr, YoY growth of 57.14%
Net Profit Margin stood at 12.88%, improved by 193 bps YoY
Diluted EPS of ₹3.75, YoY growth of 56.90%
12M FY26 Consolidated Key Financial Highlights
Total Income of ₹609.81 Cr, YoY growth of 38.06%
EBITDA of ₹112.48 Cr, YoY growth of 59.52%
EBITDA Margin stood at 18.74%, improved by 234 bps YoY
Net Profit of ₹76.47 Cr, YoY growth of 44.62%
Net Profit Margin stood at 12.54%, improved by 57 bps YoY
Diluted EPS of ₹12.30, YoY growth of 26.15%
Q4 FY26 Standalone Key Financial Highlights
Total Income of ₹204.93 Cr, YoY growth of 55.06%
EBITDA of ₹17.99 Cr, YoY decline of 11.13%
EBITDA Margin stood at 8.91%, declined by 657 bps YoY
Net Profit of ₹16.87 Cr, YoY growth of 22.69%
Net Profit Margin stood at 8.23%, declined by 217 bps YoY
Diluted EPS of ₹2.71, YoY growth of 23.18%
12M FY26 Standalone Key Financial Highlights
Total Income of ₹689.95 Cr, YoY growth of 57.36%
EBITDA of ₹84.79 Cr, YoY growth of 19.41%
EBITDA Margin stood at 12.54%, declined by 393 bps YoY
Net Profit of ₹71.31 Cr, YoY growth of 42.11%
Net Profit Margin stood at 10.33%, declined by 111 bps YoY
Diluted EPS of ₹11.47, YoY growth of 24.00%
Key Operational & Strategic Highlights — FY26
Exports at ~₹99 crore across 18 countries, led by UAE (37.9%), USA (31.1%) & Italy (13.3%)
Balance Sheet Strengthens Significantly: Total assets increased to ~₹932 Crore (↑57% YoY); PP&E at ~₹314 Crore (↑~268% YoY), reflecting commissioning of new facility.
New CFO Onboard: Mr. Pawan Nawal appointed as CFO w.e.f. 15th May 2026.
Commenting on the Performance, Mr. Santosh Kumar, Chairman & Managing Director of KRN Heat Exchanger and Refrigeration Limited, said, “FY26 marks a pivotal phase in KRN’s journey, reflecting a clear transition to a higher scale of operations. During the year, we delivered strong consolidated revenue growth of ~38% to ₹610 Crore, supported by consistent execution, improving capacity utilisation, and the initial contribution from our new facility. Importantly, this growth was accompanied by healthy profitability, with EBITDA increasing ~60% YoY and margins strengthening to ~18.7%, indicating improving operating efficiency.
The quality of growth became more visible as the year progressed. Q4 FY26 was particularly encouraging, with standalone revenue crossing ₹200 Crore for the first time, reflecting stronger order momentum and better conversion. The new HVAC manufacturing facility is now operational and gradually scaling up, which will further support growth and enhance our ability to serve larger and more complex requirements.
Exports continued to be a key growth driver, reaching ~₹99 Crore with a diversified presence across 18 countries, with the UAE and USA together contributing ~70% of export revenues, reflecting strong traction in our key international markets.
Over the past few years, we have consciously invested in expanding capacity, strengthening capabilities, and building a broader product portfolio. This foundation is now beginning to translate into performance. Our increasing engagement with larger customers, along with improving export traction, is providing better visibility and contributing to a more resilient business mix going forward.
The broader industry environment remains supportive, driven by demand across data centres, infrastructure, mobility, and industrial applications. With a stronger platform now in place, our focus is on sustaining growth momentum, improving operating leverage, and driving consistent value creation. We believe we are well-positioned to capitalise on the opportunities ahead.”
About KRN Heat Exchangers and Refrigeration Limited
KRN Heat Exchanger and Refrigeration Limited (KRN, the “Company”), founded in 2017 in Neemrana, India, specializes in manufacturing aluminium and copper fin and tube heat exchangers, including water coils, condenser coils, and evaporator coils. Their products are widely used by OEMs in the HVAC&R industry for heating, ventilation, air conditioning, and refrigeration applications. With a factory spanning 1,50,000 square feet, KRN produces over 1 million units annually, exporting around 16.3% of its output.
The company is supported by a skilled engineering team with over 20+ years of industry experience, focusing on creating customized, durable solutions that meet international quality standards. By building on their expertise, KRN focuses on product quality and manufacturing processes for reliable end-user solutions.
In FY26, the company reported significant financial results, including Standalone total income of ₹689.95 Cr, EBITDA of ₹84.79 Cr, and Net Profit of ₹71.31 Cr
Mumbai (Maharashtra) [India], May 16: Fredun Pharmaceuticals Limited (BSE – FREDUN | 539730), has announced the launch of ‘DAULCÉL’, its premium wellness and longevity-focused brand developed to cater to the growing demand for preventive healthcare, healthy aging, and lifestyle-oriented wellness solutions. The launch marks another strategic step in Fredun’s expansion into innovation-led and future-focused healthcare segments.
DAULCÉL is positioned as a premium wellness platform centered on quality, innovation, and evolving consumer wellness needs. The brand is aimed at addressing the increasing global focus on vitality, wellness optimization, recovery-focused healthcare, and long-term healthy living through scienceoriented wellness solutions.
The initiative complements Fredun Pharmaceuticals Limited’s existing pharmaceutical and healthcare capabilities while creating new opportunities within specialized wellness and longevity-driven categories. The launch also reflects the Company’s continued focus on building a diversified and future-ready healthcare portfolio.
Highlights
·First premium NAD+ based wellness offerings introduced in India’s emerging longevity and
·cellular wellness segment
·Launch of premium wellness and longevity-focused brand ‘DAULCÉL’
·Strategic expansion into preventive and lifestyle-oriented healthcare
·Focused on wellness, vitality, and healthy aging solutions
·Science-oriented and innovation-driven brand approach
·Expansion into emerging and high-growth wellness categories
·Strengthening Fredun’s specialty healthcare and wellness portfolio
·Leveraging the Company’s formulation and healthcare expertise
·Focused on differentiated, quality-driven wellness offerings
DAULCÉL’s initial portfolio is designed around premium wellness solutions aligned with the growing demand for advanced wellness, cellular vitality, and healthy lifestyle management. The brand aims to combine innovation, quality-focused development, and consumer-centric healthcare experiences to establish a differentiated presence within the evolving wellness market.
With increasing awareness around preventive wellness and longevity-focused healthcare globally, Fredun Pharmaceuticals Limited believes DAULCÉL is well-positioned to address emerging opportunities in the premium wellness segment while supporting the Company’s long-term growth and diversification strategy.
Commenting on the development, Mr. Fredun Medhora, Managing Director, said: “Daulcél reflects our focus on building future ready healthcare capabilities. Preventive health and longevity are becoming increasingly relevant, and we see strong potential in delivering science driven solutions that address these needs in a meaningful way.”
About Fredun Pharmaceuticals Limited
Fredun Pharmaceuticals Limited, healthcare and pharmaceuticals company offer a range of products, including antihypertensives, antidiabetic, antiretroviral drugs (ARVs) and narcotics. It is also engaged in the manufacturing of dietary/herbal supplements, nutraceuticals, cosmeceuticals, and other healthcare products along with animal healthcare products. With such a diverse range of products, the Company’s objective is to be a holistic healthcare provider. The Company primarily exports its products to Africa, Southeast Asia, Commonwealth of Independent States (CIS) countries and Latin America.
In the FY25, Fredun reported total revenues of ₹ 456 Cr, with an EBITDA of ₹ 55 Cr and a PAT of ₹ 21 Cr.
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The platform enables businesses to transform a single recorded video into thousands of individually personalized customer experiences — automatically, at scale, and without re-recording.
Mumbai (Maharashtra) [India], May 16: Algoocean Technologies, a Mumbai-based software and digital solutions company, today announced the official launch of Saynize AI — a web-based platform purpose-built to deliver personalized video communication at an enterprise scale. The platform represents a significant step forward in how businesses engage customers, partners, and stakeholders through video, removing the production barriers that have historically made true video personalization inaccessible to most organizations.
Using Saynize AI, businesses record a single master video and connect it to their existing customer data — from CRM platforms, ecommerce systems, or structured databases. The platform dynamically inserts viewer-specific information such as names, locations, products, and plan details into each video, rendering individualized versions in bulk. Every recipient receives a video that speaks directly to them, produced at a fraction of the time and cost of traditional personalized video workflows.
THE MARKET OPPORTUNITY
Video is the highest-converting content format in digital marketing today, yet true personalization at scale has remained out of reach for most businesses. Creating customized video messages manually for large audiences is time-consuming, resource-intensive, and operationally complex. As a result, most organizations have been forced to choose between personalization and scale — until now.
Saynize AI is designed to eliminate that trade-off entirely. By connecting video generation directly with structured customer data, the platform makes it possible to maintain the impact of one-to-one communication while managing volumes in the thousands or tens of thousands.
PLATFORM CAPABILITIES
Saynize AI is fully web-based — no installation, no complex technical setup. Its workflow is built for speed and simplicity:
Upload a master video — Record one high-quality base video that serves as the personalization template.
Connect your data — Seamlessly integrate with HubSpot, Salesforce, Shopify, and Zapier, or simply upload a structured CSV. Map essential fields—customer names, companies, or plan tiers in minutes or leverage our direct APIs for a fully custom data flow.
Generate at scale — Saynize renders hundreds or thousands of unique personalized videos instantly — without additional production effort.
Deploy across channels — Distribute via email, WhatsApp, or digital campaigns. Every recipient gets a video tailored specifically to them.
USE CASES ACROSS INDUSTRIES
Sales outreach: Prospect-specific video messages that drive significantly higher reply rates.
Customer onboarding: Welcome videos customized to each user’s plan, product, or purchase history.
Retention & renewal: Contextual video messages tied to subscription milestones and renewal timelines.
Partner & vendor networks: Customized videos referencing specific business names, locations, and details at volume.
Event invitations: Tailored video invites that stand out in crowded inboxes and drive attendance.
ENTERPRISE PROOF: SINTEX
Saynize AI has already been deployed in enterprise environments where personalized video at scale is a core operational requirement. For Sintex, Algoocean Technologies built a custom video generation portal enabling teams to enter a recipient’s name and instantly produce a personalized AI-powered video on demand — with zero additional production overhead.
Sintex enterprise deployment — two personalized video outputs generated via Saynize AI
The deployment demonstrates the platform’s capacity to serve large organizations with expansive partner or vendor networks — producing customized content that references specific business names, locations, and details at a speed and volume that traditional production methods cannot match.
“AI-powered video bridges automation and authenticity — helping brands scale without losing the human touch that drives real engagement.”
— Saynize AI
ABOUT ALGOOCEAN TECHNOLOGIES
Algoocean Technologies is a Mumbai-based technology company specializing in digital platforms, software solutions, and automation tools for modern businesses. The company develops products that help organizations improve operational efficiency, digital communication, and customer engagement through innovative technology. Saynize AI is its flagship AI-powered platform.
EXPERIENCE SAYNIZE AI FOR YOURSELF
Enter your name and brand details — receive your own AI-personalized demo video on WhatsApp and email within 5 minutes. No waiting. No generic preview.
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Surat (Gujarat) [India], May 15: Liquid King Aryan (Anna) Group is steadily expanding its international presence as the brand continues building a growing financial and business network across major global markets, including the United Kingdom, the United States, Canada, Singapore, Malaysia, India, and other parts of Asia.
With a strong focus on capital, liquidity, and international business growth, Liquid King Aryan (Anna) Group is creating a wider ecosystem connecting investors, entrepreneurs, and businesses looking for structured financial opportunities and scalable expansion.
The company is actively strengthening its visibility across some of the world’s leading business cities, including London, Manchester, Birmingham, New York, Los Angeles, Miami, Toronto, Vancouver, Kuala Lumpur, Singapore, Mumbai, Delhi, Bangalore, Dubai, and other emerging financial hubs across Asia and global markets.
Liquid King Aryan (Anna) Group is focused on building long-term financial relationships supported by strategic planning, transparency, and disciplined capital movement. Instead of operating with a conventional lending approach, the brand aims to create opportunities where businesses and investors can grow through structured and sustainable financial systems.
For investors, the company focuses on capital opportunities designed around stability, clarity, and long-term growth potential. For businesses and entrepreneurs, Liquid King Aryan (Anna) Group aims to provide access to reliable financial support that aligns with expansion goals and future scalability.
As international business activity continues growing across the UK, US, Canada, Asia, and the Middle East, Liquid King Aryan (Anna) Group is positioning itself as a globally expanding financial brand with a strong vision for cross-border growth and international capital connectivity.
With its growing international footprint and expanding business network, Liquid King Aryan (Anna) Group continues moving toward becoming a recognized name in global finance, liquidity, and business expansion.
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Kota (Rajasthan) [India], May 16:Kay Cee Energy & Infra Limited (“KCEIL” or “the Company”), one of the leading EPC solutions providers in power transmission and distribution infrastructure, announced its audited financial results for the half year and full year ended March 31, 2026.
Key Consolidated Financial Highlights
FY26 Performance
Total Revenue: ₹16,559 lakhs
EBITDA: ₹3,305 lakhs
Profit After Tax (PAT): ₹1,878 lakhs
Basic & Diluted EPS: ₹15.47 per share
H2 FY26 Performance
Total Revenue: ₹8,157 lakhs
EBITDA: ₹1,695 lakhs
Profit After Tax (PAT): ₹960 lakhs
Basic & Diluted EPS: ₹7.86 per share
Management Commentary
Mr. Lokendra Jain, Managing Director, commented:
“FY26 was a year of resilient performance for Kay Cee Energy & Infra Limited despite a challenging external operating environment. While the Company could not fully achieve its FY26 revenue guidance, the shortfall was primarily attributable to delays in ERS supply shipments arising from the escalation of geopolitical tensions and war-related disruptions in the Middle East. Supplies valued at approximately ₹5,000–6,000 lakhs were delayed in reaching India, resulting in deferment of revenue recognition to the current financial year.
Additionally, during the year, raw material prices witnessed significant volatility and upward pressure. Despite these challenges, the Company remained focused on maintaining operational discipline, protecting margins, and ensuring prudent project execution rather than pursuing aggressive revenue growth at the cost of profitability.
We believe this disciplined approach has helped us preserve financial strength and position the Company for sustainable long-term growth. With delayed ERS supplies now expected to be executed in the current year and continued momentum in the power infrastructure sector, we remain optimistic about the growth outlook going forward.”
About Kay Cee Energy & Infra Limited:
Kay Cee Energy & Infra Limited (NSE: KCEIL) is an established EPC company specializing in power transmission and distribution infrastructure projects. The Company offers end-to-end solutions, including design, procurement, construction, testing, and commissioning of transmission lines and substations, along with maintenance and Emergency Restoration Systems (ERS). KCEIL collaborates with key public utilities and agencies such as Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL).
