Tag: Business

Mumbai (Maharashtra) [India], November 15: Dev Information Technology Limited, (NSE – DEVIT, BSE – 543462 | INE060X01034), a global IT services company providing Cloud Services, Digital Transformation, Enterprise Applications, and Managed IT Services, with products like Talligence and ByteSigner, has announced its Unaudited Financial Results for the Q2 FY26 & H1 FY26.

Key Financial Highlights

Q2 FY26 Consolidated Key Financial Highlights:

– Total Income of ₹49.18 Cr, YoY growth of 1.94%

– EBITDA of ₹3.82 Cr, YoY decline of 66.03%

– EBITDA Margin (%) of 7.76%, YoY decline of 1,552 bps

– Net Profit* of ₹71.88 Cr, YoY growth of 786.15%

– Net Profit Margin (%) of 146.15%, YoY growth of 12,934 bps

– EPS of ₹ 12.55, YoY growth of 687.04%

H1 FY26 Consolidated Key Financial Highlights

– Total Income of ₹92.64 Cr, YoY growth of 10.32%

– EBITDA of ₹7.85 Cr, YoY decline of 54.62%

– EBITDA Margin (%) of 8.47%, YoY decline of 1,212 bps

– Net Profit* of ₹74.06 Cr, YoY growth of 526.10%

– Net Profit Margin (%) of 79.94%, YoY growth of 6,586 bps

– EPS of ₹ 13.12, YoY growth of 521.80%

* Include exceptional gain of Rs 92.36 crore.

Q2 FY26 Standalone Key Financial Highlights 

* Total Income of ₹ 45.07 Cr, YoY growth of 2.80%

* EBITDA of ₹ 3.29 Cr, YoY decline of 71.49%

* EBITDA Margin (%) of 7.31%, YoY decline of 1,905 bps

* Net Profit* of ₹ 70.69 Cr, YoY growth of 673.22%

* Net Profit Margin (%) of 156.85%, YoY growth of 13,600 Bps

* EPS of ₹ 12.54, YoY growth of 3945.16%

H1 FY26 Standalone Key Financial Highlights 

* Total Income of ₹ 80.76 Cr, YoY growth of 8.71%

* EBITDA of ₹ 6.57 Cr, YoY decline of 60.78%

* EBITDA Margin (%) of 8.13%, YoY decline of 1,441 Bps

* Net Profit* of ₹ 72.45 Cr, YoY growth of 481.70%

* Net Profit Margin (%) of 89.71%, YoY growth of 7,294 Bps

* EPS of ₹ 12.85, YoY growth of 481.45%

* Include exceptional gain of Rs 92.55 crore.

Commenting on the performance, Mr. Pranav Pandya Founder & Chairman, said, “During Q2 FY26, we witnessed encouraging traction across our key business areas. We secured several new projects from RajCOMP Info Services, Gujarat Informatics, Guj Info Petro, and NICSI spanning enterprise software deployment, cloud migration, e-Governance modernization, and financial management systems. These wins strengthen our position within India’s expanding digital ecosystem and reaffirm the trust of our clients in both government and enterprise segments. Our subsidiary, Dev Accelerator Limited, completed its public issue of ₹143.35 crore, supporting our growth plans and balance sheet efficiency.

Looking ahead, our focus remains on technology-led expansion. We are investing in AI, cybersecurity, and blockchain to build proprietary IPs and scalable platforms, including blockchain-based certification and verification solutions for education and enterprise use cases.

DEV IT continues to advance its ‘ABCD’ framework of digital technology – AI/BI, Blockchain, Cybersecurity, and Datacenter. The Company is strategically investing in R&D, expanding its geographical presence, skilling its workforce, and capturing a larger share of the profitable domestic market. This approach will enable sustained innovation, higher-margin growth, and stronger competitive positioning in emerging digital ecosystems.

Internationally, we aim to strengthen business in the US and Canada through Microsoft partnerships while deepening traction in Australia and Europe via local alliances. We are also expanding recurring revenue streams through managed services, modernization programs, and long-term government empanelments. Our subsidiaries such as DevX, Minddeft, Telligence, and Delligence continue to drive innovation and value creation as we build a portfolio of technology-driven asset-class companies under the Dev IT banner. With a healthy order book, diversified clients, and a clear growth roadmap, we remain optimistic about sustaining momentum and delivering long-term value.”

Q2 FY26 Key Business Highlights

Secured MultipleOrders	• Secured ₹4.4 Cr order from Alivus Lifesciences for Microsoft licensing advisory and enterprise software deployment. • Secured ₹65 Lakh order from Gujarat Informatics Limited to deploy Microsoft Office and automation tools at the Chief Minister’s Office. • Secured ₹71 Lakh order from Guj Info Petro Limited to upgrade and migrate cluster with e-Governance applications and Windows Server 2025 deployment.
Awarded Key Projects by RajCOMP Info Services Limited	• ₹1.16 Cr order for “Raj Sewa Dwaar” middleware implementation for secure inter-app communication. • ₹1.02 Cr order for “Raj Feb” IT/ITeS services to enhance labour law enforcement and worker safety. • ₹1.06 Cr order for upgrading government portals/apps using Adobe Experience Manager. • ₹82 Lakh order for WebMyWay portal and website development using in-house CMS.
Secured Key Orders from National Informatics Centre Services Incorporated	• ₹1.29 Cr order for development of Integrated Financial Management System covering pension, treasury, payroll, and budget management for NICSI. • ₹40 Lakh order for CM OTS 2025 module development and maintenance to digitize overdue loan settlements in Rajasthan cooperative societies.
ESOP	• Plan: Employee Stock Option Plan – 2024 • Options Granted: 2,15,724 equity shares • Face Value: ₹5 per share • Exercise Price: ₹6 per option
Dev Accelerator Limited Public Issue	• Company: Dev Accelerator Limited (Subsidiary) • Total Issue Size: ₹143.35 Cr • Price Band: ₹56 – ₹61 per equity share with a face value of ₹2 each • Use of Proceeds: ₹73 Cr for centers, ₹35 Cr for debt repayment, balance for general corporate purposes.
Declared Dividend	• Dividend: Final dividend of ₹0.10 per equity share • Dividend Rate: 5% per equity share • Face Value: ₹2 per equity share
Stock Split	• Corporate Action: Sub-division of equity shares • Face Value: ₹5 each sub-divided into ₹2 each

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Kolkata (West Bengal) [India], November 15: NIS Management Limited, (BSE – 544495), One of leading integrated services platforms, specialising in security, facility management, electronic security, and skill development, NIS Management Limited has announced its Unaudited H1 FY26 Financial Results.

Key Financial Highlights

Key Consolidated Financial Highlights H1FY26

• Total Income of ₹ 214.89 Cr, YoY growth of 6.80%

• EBITDA of ₹ 16.73 Cr, YoY growth of 11.31%

• EBITDA Margin of 7.79%, YoY growth of 32 Bps

• PAT of ₹ 10.22 Cr, YoY growth of 12.57%

• PAT Margin of 4.76%, YoY growth of 24 Bps

• EPS of ₹ 6.42, YoY growth of 6.12%

Key Standalone Financial Highlights H1 FY26

• Total Income of ₹ 204.69 Cr, YoY growth of 8.36%

• EBITDA of ₹ 13.95 Cr, YoY growth of 28.87%

• EBITDA Margin of 6.81%, YoY growth of 108 Bps

• PAT of ₹ 9.121 Cr, YoY growth of 40.07%

• PAT Margin of 4.46%, YoY growth of 101 Bps

• EPS of ₹ 5.73, YoY growth of 32.03%

Commenting on the Financial performance Mr. Debajit Choudhury Chairman & Managing Director, of NIS Management Limited said, “We are pleased with our strong performance in H1 FY26, supported by steady revenue growth and a meaningful improvement in profitability. The rise in EBITDA and net profit reflects our continued focus on operational discipline, cost efficiency, and enhancing our service mix across security, facility management, and electronic security solutions.

As we move forward, we remain committed to strengthening our integrated services platform through technology adoption, higher-value offerings, and consistent service quality. Our focus continues to be sustainable, profitable growth and long-term value creation for all stakeholders.

We will also continue to prioritise workforce development, process automation, and stronger governance practices to ensure superior service delivery across our pan-India operations. These efforts will support our long-term strategy and help us build a more scalable and resilient organisation.”

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Gurgaon (Haryana) [India], November 14:  La Bella, A Condor Product, a leading women’s footwear brand renowned for its comfort, craftsmanship, and contemporary design, proudly participated as the Platinum Sponsor at Amity Law University’s Moot Court Competition & Valedictory Ceremony 2025.

The three-day event brought together outstanding law students from across the region, offering them a powerful platform to showcase their advocacy skills, legal expertise, and courtroom presence. Throughout the competition, La Bella’s experiential brand stall emerged as one of the key attractions, drawing significant footfall from students and visitors. The brand hosted engaging activities and fun interactions that added vibrancy and energy to the academic event, making the experience memorable for all attendees.

The Valedictory Ceremony, held on the concluding day, was honored by the presence of several eminent dignitaries, including:

• Mr Vijay Kumar Nair, Senior Partner, KNM Partners & Law Offices
• Hon’ble Mr Justice Arun K.M. Tyagi, Judicial Member, National Green Tribunal
• Hon’ble Justice Suresh Kumar Kait, Former Chief Justice, Madhya Pradesh High Court
• Dr Adish C. Aggarwala, President, International Council of Jurists
• Mr Samriddha Neupane, Partner, Shardul Amarchand Mangaldas & Co.

The ceremony recorded an impressive turnout of over 500 students & visitors, reflecting the success and impact of the event. During the program, Team La Bella was felicitated by Amity Law University for its valuable contribution and support as the Platinum Sponsor, marking a proud milestone for the brand.

Speaking about the association, Mr Hemaparasad, La Bella’s representative, shared that the collaboration aligns with the brand’s mission to empower individuals to stride forward with style and confidence. La Bella extends heartfelt appreciation to Amity Law University for the opportunity to support its talented young participants.

About La Bella, A Condor Product

La Bella, a proud Condor Footwear brand, offers stylish, comfortable footwear crafted for modern women who value elegance and everyday functionality. The brand wishes all Amity Law University participants a bright and impactful future.

For more details, please visit their website: www.labella.in

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New Delhi [India], November 14: Brace Port Logistics Limited (NSE: INE0R4Z01018), one of the leading service-based logistics and supply chain solutions providers, announced its Unaudited financial results for H1 FY26.

H1 FY26 Standalone Key Financial Highlights

• Total Income of ₹ 33.60 Cr
• EBITDA of ₹ 3.68 Cr
• EBITDA Margin (%) of 10.95%
• Net Profit of ₹ 2.50 Cr
• Net Profit Margin (%) of 7.44%
• EPS of ₹ 2.21

H1 FY26 Other Key Financial Highlights:

• Gross margin improved from 12.93% to 17.56%, reflecting an expansion of 463 basis points.
• PBT margin strengthened from 9.95% to 10.25% in H1 FY26.

Commenting on the performance, Mr Sachin Arora, Managing Director of Brace Port Logistics Limited, said, H1 FY26 has been both a challenging and encouraging period for us. While the global freight market witnessed softer rate levels driven by geopolitical uncertainties, widespread protests, and the ongoing U.S. tariff situation, we nevertheless succeeded in building strong momentum across a range of complex business assignments in the international market during this period.

During this period, we successfully executed several intricate international movements, including the shipment of 12-meter electric buses to Germany and Jebel Ali, car consignments from Malaysia to Cambodia, and the end-to-end movement of Mitsubishi Fuso trucks from Japan to Cambodia. These projects underscore the growing confidence our global clients place in our operational capabilities. Additionally, the onboarding of Continental Tires and Ashbee Systems has further strengthened our footprint in the automotive and industrial segments.

H1 FY25 performance also included a one-time charter project, which was specific to that period. On a comparable operational base, our core business has continued to demonstrate healthy traction across key verticals.

I am especially proud that we received the ‘Best Sales & Operations’ Award from X2 Elite for the second year in a row, and that we established our associate company, AllGlobal Logistics Inc., in Canada, which marks an essential step in expanding our international footprint.

Looking ahead, we are taking strategic steps to deepen our market reach and enhance customer proximity. We plan to establish new domestic offices in Ahmedabad, Bengaluru, Pune, and Hyderabad. On the international front, we are exploring opportunities in the Thailand and Cambodia automotive markets by setting up dedicated offices in these regions. These initiatives will further expand our operating network and strengthen our global service capabilities.

The opportunities across automotive, EV logistics, renewables, and project cargo remain highly promising. Backed by our asset-light, technology-enabled model and global strengths, we are well-positioned to capitalise on emerging demand. Our focus will remain on strengthening sector expertise, expanding into GCC, Africa, and North America, enhancing digital capabilities, and building long-term client partnerships. With the momentum we’ve built in H1 FY26, I am confident in our ability to sustain steady, high-quality growth and continue delivering value to our clients.”

H1 FY26 Key Business Highlights

Wins “Best Sales & Operations” Award by X2 Elite	Award Recognition: Awarded by X2 Elite for the second consecutive year. Operational Excellence: Recognised for excellence in complex logistics operations. Global Performance: Reflects strong international performance and operational efficiency.
Incorporation of an Associate Company in Canada	New Entity: Incorporated AllGlobal Logistics Inc. in Canada on 15th May 2025. Investment: Brace Port Logistics Limited to hold up to 49% stake. Business Segment: The associate will operate in the logistics sector.

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New Delhi [India], November 14: AVG Logistics Limited (BSE – 543910, NSE – AVG), a leading multimodal logistics solutions provider, has announced its unaudited financial results for Q2 FY26 & H1 FY26

 Consolidated Key Financial Highlights 

Q2 FY26 Consolidated Financial Highlights

• Revenue From Operations of ₹143.03 Cr
• EBITDA of ₹26.26 Cr
• EBITDA Margin (%) of 18.36%
• PBT of ₹6.57 Cr
• PBT Margin (%) of 4.59%

H1 FY26 Consolidated Financial Highlights

• Revenue From Operations of ₹268.05 Cr
• EBITDA of ₹50.54 Cr
• EBITDA Margin (%) of 18.85%
• PBT of ₹13.57 Cr
• PBT Margin (%) of 5.06%

Commenting on financial performance, Mr Sanjay Gupta, Managing Director & CEO, AVG Logistics Limited, said, “During Q2 FY26, we continued to deliver a stable performance with revenue from operations rising to ₹143.03 Cr, supported by consistent execution across our multimodal logistics network. Our focus on operational efficiency helped us maintain healthy margins, with an EBITDA of ₹26.26 Cr.

During the first half of FY 2025/26, we added 77 Fleets, incurring approximately 26 Crore and ISO tankers have started reaching Indian ports, and we expect the liquid logistics business to commence in December 2025.

For H1 FY26, revenues stood at ₹268.05 Cr, showing sustained business momentum despite a competitive environment. This demonstrates the strength of our integrated service model and the efficiencies gained through digital enablement and network optimisation.

As we progress into the second half of the year, we remain committed to continuing growth potential by strengthening customer relationships, enhancing service capabilities, and deepening our presence across high-potential logistics corridors. We expect these initiatives to support consistent revenue visibility and reinforce our position in the industry.”

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Mumbai (Maharashtra) [India], November 15: Airfloa Rail Technology Limited (BSE – AIRFLOA | 544516 | INE0XBS01012), a leading manufacturer of railway rolling stock components and turnkey interior solutions, has announced its unaudited financials for H1 FY26.

H1 FY26 Key Standalone Financial Highlights

* Total Income of ₹ 90.98 Cr, YoY growth of 6.77%

* EBITDA of ₹ 22.46 Cr, YoY growth of 0.76%

* Net Profit of ₹ 12.09 Cr, YoY growth of 24.25%

* EPS of ₹ 6.72, YoY growth of 7.01%

Commenting on the performance, Mr. Manikandan Dakshnamoorthy, Joint Managing Director, said: “Our performance this half-year gives us confidence that we are moving in the right direction. The growth in profit and the strong flow of new orders show that our work is finding the right recognition from our industry partners. We are seeing encouraging traction across our key product lines, and this motivates our teams to keep raising the bar. With a healthy and expanding order book, we now have better visibility for the coming quarters, allowing us to plan our execution more efficiently and strengthen our delivery capabilities.

We are gearing up our processes, people, and capacity to deliver even better. With our recent and smooth listing on the BSE SME behind us, we are excited about the opportunities ahead and the value we aim to create as the rail sector continues to open up.”

Recent Key Order Highlights

• Received ₹113+ crore worth of new orders in a single week, strengthening visibility across Indian Railways and metro projects.

• Active consolidated order book has crossed ₹455 crore, driven by strong order traction in turnkey interiors and critical rolling-stock components.

• Secured multiple orders from ICF Chennai and MCF UP, reinforcing Airfloa’s position as a preferred partner for Amrit Bharat and LHB coach programmes.

• Added new high-value interior furnishing orders, including Amrit Bharat and LWSCN coaches, enhancing the revenue mix and execution pipeline.

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Mumbai (Maharashtra) [India], November 15: HVAX Technologies Limited (NSE- HVAX | INE0TO501019), a specialized turnkey solutions provider in cleanroom and controlled environment infrastructure, has announced its Un-audited financial results for H1 FY26.

H1 FY26 Key Financial Highlights

* Total Income of ₹ 62.79 Cr, YoY growth of 35.10%

* EBITDA of ₹ 8.53 Cr, YoY growth of 19.24%

* EBITDA Margin (%) of 13.58%, YoY decline of 181 Bps

* Net Profit of ₹ 4.92 Cr, YoY growth of 28.67%

* Net Profit Margin (%) of 7.84%, YoY decline of 39 Bps

Commenting on the performance, Mr. Nirbhaynarayan Singh, Chairman & Whole-Time DirectorHVAX Technologies Limited said: “We are pleased with the strong momentum achieved in the first half, driven by healthy execution across key projects and sustained demand in both domestic and international markets. Our focus on high-growth sectors and compliance-led engineering continues to differentiate HVAX in the cleanroom and controlled environment space. With a robust order book and expanding global footprint, we remain confident of delivering consistent, sustainable growth in the coming quarters.”

Commenting on Financial Performance Mr. Prayagdatt Mishra, Managing Director of HVAX Technologies Limited said: “Our financial performance in H1 reflects broad-based improvement, marked by a solid rise in revenue and profitability on the back of disciplined operations and strategic project wins. We are strengthening capabilities, deepening our presence across GCC and Asia-Pacific, and building scalable systems to support long-term expansion. As we continue to diversify into emerging sectors and enhance execution efficiencies, HVAX is well-positioned to accelerate its growth trajectory.”

Strategic Business Initiatives

• Strengthened visibility with an order book of ₹312.58 crore and a project pipeline of ₹681.53 crore, supporting long-term execution plans.

• Scaling international presence with planned entry and deeper penetration in hospital and laboratories domain.

• Pursuing partnerships and acquisition-led growth to enhance capabilities and broaden the solutions portfolio.

• Prioritising high-growth sectors such as healthcare, semiconductor, and renewable energy to strengthen future revenue streams.

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Kolkata (West Bengal) [India], November 15: The Indian Battery Manufacturers Association (IBMA) has announced the appointment of Mr. Avik Kumar Roy, CEO and Managing Director of Exide Industries Ltd., as its new President during the Association’s 4th Annual General Meeting (AGM) held in Kolkata on 12^th November 2025.

Mr. Avik Roy succeeds Ms. Preeti Bajaj, Managing Director & CEO of Luminous Power Technologies, who served as the outgoing President of IBMA.

The Association also elected Mr. Harshavardhana Gourineni, Executive Director, Amara Raja Energy & Mobility, as the new Vice President.

The 4th AGM brought together prominent leaders and stakeholders from across India’s lead-acid battery manufacturing industry. Discussions centered around the sector’s ongoing transformation, driven by advancements in battery chemistries and the accelerating shift toward e-mobility and renewable energy, both of which are creating new opportunities and challenges for traditional Lead-acid battery applications and exciting opportunities in other chemistries.

Looking ahead, IBMA has outlined a series of strategic focus areas for the coming year. The Association aims to enhance circularity across the battery industry by promoting sustainable manufacturing and recycling practices that improve material recovery and reduce waste. A key priority will be to strengthen public advocacy efforts before regulatory authorities to ensure that the interests of battery manufacturers are  represented in an effective manner.

In addition, IBMA plans to benchmark industry standards for manufacturing and recycling Lead-acid batteries, creating a consistent framework for quality and environmental responsibility. The organization also seeks to enhance public perception about the importance, sustainability, and circular nature of Lead-acid batteries that will continue to play an important role in automotive and energy storage applications, while increasing visibility for the industry among key stakeholders. Another important goal is to expand IBMA’s membership base by including more manufacturers within its fold, thereby fostering greater collaboration and collective strength across the sector.

With these new leadership appointments and strategic priorities, IBMA aims to reinforce its role as the leading voice for India’s battery manufacturers, fostering innovation, sustainability, and responsible growth across the energy storage ecosystem.

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New Delhi [India], November 14: FDC Ltd. welcomes FSSAI’s directive allowing only products that strictly follow the WHO Oral Rehydration Solution (ORS) formula to use the term “ORS” in their names or labels—a vital move to protect consumers and uphold scientific integrity.

In recent times, several food based beverages containing high-sugar have misused “ORS” claims without meeting WHO standards. Electral, India’s No. 1 ORS (IQVIA MAT Sep’25), has been the benchmark of trust and science since 1972

ELECTRAL is the nation’s first WHO recommended ORS, with a precise osmolarity of 245 mOsmol/L.

FDC urges consumers to check for WHO recommended formula mentioned on packs.

The company has also cautioned against the unauthorized use of Electral visuals in misleading communications.

“FSSAI’s order reaffirms that healthcare must be led by science, not marketing,” said Mr. Mayank Tikkha, Senior Vice President – Sales & Marketing, FDC Ltd

FDC Limited reaffirmed its continued support to regulators, healthcare professionals, and the public in promoting awareness about authentic, WHO-compliant ORS.

As India’s original and most trusted rehydration solution, Electral continues to represent the intersection of science, trust, and responsible healthcare communication.

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Bourns leadership at the India Design Center launch in Bangalore (L–R) Craig Shipley; James Harrington; Gordon Bourns; Al Yost; John Kelly

New Delhi [India], November 14: Bourns, Inc., a leading manufacturer and supplier of electronic components for power, protection, and sensing solutions, today announced the opening of its first design center in India in Bangalore. Launched as a hub dedicated to customer collaboration and innovation, this valuable customer resource provides local access to a comprehensive range of tools and technical support, including reference designs that use Bourns’ industry-leading components.

Offering proven processes that empower rapid prototyping and faster design validation, the Bourns India Design Center encourages cross-functional teamwork between engineering, product management and marketing. Customers will also be able to track the measurable impact of their designs to help confirm success. In addition, the center will provide hands-on co-design and technical education support.

The new 8,000 square foot state-of-the-art facility opened today, November 13, in a ceremony that invited key business partners and customers. Bourns made the strategic decision to locate the new design center within the Bangalore region based upon the rich engineering talent available here.

“India is known for its extensive engineering talent and the great value they bring to engineering and manufacturing companies. Given the close relationships we have with our global distribution partners who have opened offices in Bangalore, we believe this strategic investment will greatly facilitate localized engineering and application support for the good of our customers,” said Gordon Bourns, Chairman and CEO at Bourns, Inc. “Bourns continues to be at the forefront of engineering innovative power, protection and sensing solutions that help advance the development of efficient and sustainable applications. The opening of this center aligns with Bourns’ global focus on high-growth market segments, and reaffirms our commitment to responsible environmental management by influencing low carbon designs.”

“By opening this new collaborative design center, we are adding essential capabilities to address complex design challenges enabling our customers to streamline and simplify application development,” said Al Yost, President and COO at Bourns. “We are extremely excited about the substantial benefits our new design center will deliver to customers. Developers will reap the advantages of Bourns’ proven magnetic component design expertise that will empower them to meet next-generation IC performance, shorten design cycles and add industry-leading features to their end products. Giving our customers valuable and responsive technical design assistance is a win-win for everyone.”

About Bourns

Bourns, Inc. is a leading manufacturer and supplier of position and speed sensors, circuit protection solutions, magnetic components, microelectronic modules, panel controls and resistive products. Founded in 1947 and headquartered in Riverside, California, USA, Bourns employs more than 8,000 people across 17 global manufacturing centers.  The company’s advanced products are key components in a broad range of markets, including automotive, industrial, consumer, communications, low to medium risk medical*, audio and various other market segments. Additional Company and product information is available at www.bourns.com.

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