Tag: Business

New Delhi [India], August 19: Globe Civil Projects Limited, (NSE – GLOBECIVIL | BSE – 544424), Company engaged in diverse infrastructure and non-infrastructure EPC projects across India, has announced its unaudited results for Q1 FY26.

Key Q1 FY26 Financial Highlights

Key Standalone Financial Highlights 

• Total Income of ₹65.50 Cr

• EBITDA of ₹11.88 Cr

• EBITDA Margin of 18.14%

• PAT of ₹ 5.06 Cr

• PAT Margin of 7.72%

• EPS of ₹1.16

Key Consolidated Financial Highlights 

• Total Income of ₹67.70 Cr

• EBITDA of ₹11.88 Cr

• EBITDA Margin of 17.55%

• PAT of ₹ 5.05 Cr

• PAT Margin of 7.46%

• EPS of ₹1.16

Commenting on the financial performance, Mr. Ved Prakash Khurana, Chairman and Whole-time Director of Globe Civil Projects Limited said, “We are pleased to commence FY26 on a strong note, backed by robust order inflows, disciplined project selection, and timely execution. Operational efficiency was maintained through our integrated EPC capabilities across civil, MEP, HVAC, firefighting, architectural, and structural solutions, while our focus on funded central government projects ensured steady cash flows and reduced working capital risks.

In the last 45 days, the Company has secured new orders worth ~ ₹450 Cr, of which projects worth ~ ₹225 Cr have already commenced. These large wins strengthen our pipeline, support margin expansion, and reflect our ability to directly secure sizable projects instead of through JVs. With an order book of ~ ₹1,000 Cr, and seasonality driving stronger execution in the second half, we remain confident of sustaining growth.

Further, we have strategically streamlined operations by focusing solely on the contractual EPC segment and discontinuing the trading business, with construction now contributing nearly 99% of profits. This positions the Company for sustainable growth and long-term value creation.”

Key Operational Updates

IIT Kanpur Project (Kotak School of Sustainability)	The Company was declared L1 bidder for the ₹61.78 Cr project including Finishing works; water supply sanitary installations, electrical, fire-fighting system, automatic fire alarm & PA system, solar PV system, telephone data system, mechanicalventilation (HVAC) and development works, to be completed within 16 months.
Central University of Punjab Project	The company received a contract worth ₹172.99 Cr from NBCC for construction of academic buildings, hostels, VC residence, and campus development at Bathinda, Punjab, to be completed within 21 months.
International Cricket Stadium, Haryana	The Company received a ₹222.20 Cr Letter of Award from the Haryana Cricket Association for construction of an International Cricket Stadium at Lohat, Jhajjar, to be completed within 24 months.

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Chennai (Tamil Nadu) [India], August 19: Sathlokhar Synergys E&C Global Limited (NSE: SSEGL), Sathlokhar Synergys E&C Global Limited, one of Chennai’s leading EPC players specialising in integrated infrastructure solutions, has announced the receipt of four new project orders with a combined value of ₹366.07 Cr (including GST). These wins reinforce the company’s reputation as a trusted partner for largescale industrial, FMCG and footwear clients, while strengthening its order book and visibility for the coming quarters.

Order 1 Landmark project for Reliance Consumer Products Limited

• Client: Reliance Consumer Products Limited, subsidiary of Reliance Industries Limited and producer of CAMPA Cola beverages

• Contract Value: ₹338.36 Cr (including GST)

• Scope of Work: Execution of Civil and PEB works

• Execution Timeline: February 2026

Order 2 Project with Komatsu India Private Limited (Japan Based)

• Client: Komatsu India Private Limited, the Indian arm of the global construction and mining equipment leader

• Contract Value: ₹10.37 Cr (including GST)

• Scope of Work: Civil works for construction of a canteen building

• Execution Timeline: January 2026

Order 3 New contract from Freetrend Industrial India Private Limited (Taiwan Based)

• Client: Freetrend Industrial India Pvt Ltd, part of Dean Shoes Group (Taiwan), manufacturers of adidas footwear

• Contract Value: ₹4.95 Cr (including GST)

• Scope of Work: Execution of Electrical works

• Execution Timeline: March 2026

Order 4 New contract with Karaikal Iyangars Foods Limited

• Client: Karaikal Iyangars Foods Limited, a regional player in food processing

• Contract Value: ₹12.39 Cr (including GST)

• Scope of Work: Execution of Civil, MEP and PEB works

• Execution Timeline: March 2026

With the addition of these four contracts, Sathlokhar Synergys E&C Global Limited’s order book has risen to ₹1201.59 Cr(excluding GST), scheduled for execution over the next 8 to 10 months. The company also continues to build a robust pipeline of opportunities, with ₹11,393 Cr worth of active bids and a targeted win rate of 12 to 15%.

These order wins highlight the company’s ability to serve marquee names across diverse sectors including beverages, construction equipment, footwear, and food processing. They also strengthen Sathlokhar Synergys’ positioning as a fast growing EPC partner with strong execution capabilities and long term growth visibility.

On the receipt of the orders, Mr. G. Thiyagu, Managing Director of Sathlokhar Synergys E&C Global Limited said, “We are delighted to have secured these prestigious projects across diverse industries, further reinforcing the trust that leading organisations place in our integrated EPC capabilities. These assignments come with challenging timelines and critical responsibilities, and our team is fully committed to delivering them with precision, efficiency and the highest standards of quality and safety.

With these wins, our order book has strengthened to over ₹1201.59 Cr (excluding GST), providing healthy visibility for the coming months. This growth reaffirms our position as a trusted partner in India’s evolving infrastructure landscape and opens new opportunities for us to deepen our presence across multiple sectors while contributing to the country’s broader industrial and economic development.”

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New Delhi [India], August 18: In an exclusive interview with Kaustabh Dhonde, Founder and CEO of AutoNxt Automation, and Pankaj Goyal, Co-founder and COO, share how their company is pioneering the electric tractor revolution in India. 

From cutting farmers’ diesel dependence to integrating AI, IoT, and telematics for smarter operations, AutoNxt is at the forefront of sustainable mechanisation. The duo discusses their vision to transform agriculture with clean technology, the challenges of building India’s first indigenous electric tractor ecosystem, and their plans to expand globally with solutions that make farming more profitable, efficient, and environmentally friendly.

1. AutoNXT has emerged as a pioneer in the electric tractor space. What was the core vision behind building an electric tractor, and how does it address challenges faced by Indian farmers today?

The core vision behind AutoNxt was to advance farm mechanisation through clean and intelligent technology. From the outset, I was driven by the need to provide farmers with a solution that not only reduces their dependence on diesel but also helps increase income, lower operating costs, and improve the health of drivers as well as the environment.

Today, farmers face rising fuel costs, high maintenance expenses, and deteriorating soil and air quality due to emissions. Our electric tractors eliminate diesel costs, require minimal servicing, and produce zero emissions. This not only improves profitability but also ensures long-term ecological sustainability.

2. Your electric tractors integrate advanced technologies like AI, telematics, and IoT. How do these features enhance productivity and operational efficiency in agriculture?

At AutoNxt, our belief is simple: a smarter machine empowers a smarter farmer. By integrating AI, telematics, and IoT, our tractors go beyond mechanical utility and become insight-driven machines.

Farmers can access real-time data on usage, performance, and diagnostics, enabling better planning and minimizing downtime. Features like remote monitoring, predictive maintenance alerts, and energy analytics allow them to achieve more with fewer resources. We’re also piloting autonomous driving features, which will assist in labor-scarce situations and enable precision farming—boosting both productivity and consistency.

3. With India’s EV landscape rapidly evolving, how is AutoNXT navigating government policies, subsidy schemes, and rural electrification to scale adoption?

We’ve been actively involved in policy discussions since before our first tractor launched. Our goal has always been to help the government understand the unique realities of EV adoption in agriculture—from the need for rural charging infrastructure to the specific financial challenges faced by farmers and micro-entrepreneurs.

We’ve worked closely with state and central authorities to shape EV subsidy policies and advocated for the inclusion of electric tractors under schemes like PM e-Drive. At the same time, we’re developing innovative charging solutions—such as shared charging stations at CBG units and solar microgrids—to ensure rural electrification keeps pace with tractor deployment.

4. What are some of the biggest technological and infrastructural challenges you faced in developing electric tractors, and how did your team overcome them?

In the early days, India’s EV ecosystem was still in its infancy. Battery prices were high, supply chains were underdeveloped, and rural charging infrastructure was practically non-existent. To add to that, limited investor understanding of agricultural machinery made fundraising extremely difficult.

We tackled these challenges by focusing on one problem at a time. We built a local R&D team, developed indigenous motor and battery systems tailored for rugged farm conditions, and sourced key components in-house.

Another major challenge was talent for autonomous technology—most of the best minds moved abroad. Over time, we’ve built a strong, purpose-driven team in India, driven by frugal innovation and a shared vision for sustainable farming.

5. Looking ahead, how does AutoNXT plan to expand its product portfolio or reach—both domestically and globally—to revolutionize sustainable farming at scale?

We’ve already launched our 45HP electric tractor, which has gained strong traction across industries and farming clusters. Next, we are introducing a 60HP four-wheel-drive variant and a 25HP model to cater to smaller farms and orchards.

On the technology front, we’re piloting autonomous driving features by the end of this year, targeting both Indian and international markets. We’re also exploring partnerships in Africa and South America, where the demand for sustainable mechanisation is growing rapidly.

Our long-term vision is to build a complete ecosystem of electric farm equipment, supported by robust after-sales service, smart analytics, and efficient energy usage. The aim is to make farming not just sustainable but truly intelligent.

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Chennai (Tamil Nadu) [India], August 18: Orient Green Power Company Limited (NSE – GREENPOWER | BSE – 533263 | INE999K01014), One of India’s leading independent renewable power producers, operating wind farms, has announced its Unaudited Financial Results for Q1 FY26.

Key Financial Highlights

• Total Income: ₹93.17 Cr, YoY growth of 38.56%
• EBITDA: ₹65.92 Cr, YoY growth of 46.39%
• EBITDA Margin: 70.75%, YoY expansion of 378 bps
• Net Profit Before Discontinued Operation (PAT): ₹28.85 Cr, YoY growth of 446.40%
• Net profit Margin: 30.96%, YoY expansion of 2,311 bps

Business Highlights:

• PAT improved by over 400%.
• Y-o-Y growth in turnover and EBITDA by 40%and 46% respectively.
• Entered into an EPC contract for implementation of 7MW solar power project in Tamil Nadu.

Commenting on the performance, Mr. T Shivaraman, Managing Director & CEO, said: “The current quarter has been exceptionally strong in terms of generation. An early onset of the wind season, coupled with consistent wind availability and the resumption of certain windmills following component upgradation, has resulted in an ~40% increase in operating revenues. EBITDA recorded a y-o-y growth of around 46%. Finance costs declined by over 15% due to prompt repayments and improved credit ratings. The proposed 25 MW AC solar project will be developed across multiple locations and executed through multiple EPC contractors to expedite completion.

We expect favourable wind conditions to continue in the second quarter. Together with the commissioning of our upcoming solar project, these factors are expected to deliver stronger returns and improved cash flows.”

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Mumbai (Maharashtra) [India], August 18: Following the landmark success of its inaugural edition, the Inter Passenger Terminal Show (IPTS) returns with a bold new identity as Airport360 Expo, reflecting its expanded vision to cover the full spectrum of airport innovation. Scheduled for April 15–16, 2026, at the Bombay Exhibition Centre, Mumbai, Airport360 Expo will serve as a dynamic convergence point for terminal design, MRO, ground handling, sustainability, passenger experience, and airside logistics making it India’s most comprehensive airport innovation platform.

Organised by Media Fusion, the event will build on the momentum of IPTS 2025, which brought together over 2,200 attendees, 62 exhibitors from 10 countries, and more than 50 industry leaders, including key voices from Digi Yatra, Dubai Airports, Navi Mumbai International Airport, MIAL, Malaysia Airport, Vietnam Airport and several other influential organisations. This edition promises deeper dialogues, broader solution showcases, and more actionable outcomes aligned with India’s rapidly evolving aviation goals.

“With the transformation of IPTS into Airport360 Expo, we are acknowledging a critical shift, from viewing airport terminals in isolation to understanding them as connected ecosystems where design, operations, technology, and passenger experience must work in tandem,” said Taher Patrawala, Managing Director, Media Fusion. “Airport360 will be the platform where aviation stakeholders co-create solutions that are not only future-proof but tailored to India’s high-growth context.”

India is on track to become the world’s third-largest air travel market, with over 160 million domestic passengers flown in FY24, reflecting a 6.1% YoY rise. The government has committed ₹98,000 crore toward aviation infrastructure by 2027, including 21 greenfield airports and modernization of over 100 terminals. While this infrastructure boom is historic, it demands equally advanced strategies for terminal efficiency, sustainable operations, and seamless passenger journeys. With over 50 new airports under development and flight movements projected to cross 2 million annually by 2035, Airport360 Expo ensures that every component of India’s aviation chain has a seat at the table.

Through its integrated trade show and conference model, the event will drive the conversation around the next phase of airport transformation by doubling down on integrated solutions that encompass smart terminal design with biometric integration, AI-powered passenger flow, predictive maintenance, ground handling automation, and smart apron logistics. It will also spotlight critical enablers such as cybersecurity frameworks, real-time data analytics, sustainable infrastructure, and zero-emission strategies. Expanding its scope further, the platform will introduce timely focus areas including airport retail innovation, multi-modal transport integration, and resilient workforce planning, addressing both domestic challenges and global shifts in airport operations.

India’s Aviation Sector at an Inflection Point

While the sector has seen immense growth, challenges persist. Nearly 85% of India’s MRO services remain outsourced, even as the local market is set to touch USD 4 billion by 2031. Meanwhile, 25% of flight delays stem from ground handling inefficiencies and terminal-level disruptions underscoring the urgency for smart coordination, digitized workflows, and tech-enabled airport ecosystems.

Airport360 is designed to address these gaps head-on by uniting aviation authorities, airlines, OEMs, system integrators, tech firms, consultants, and regulatory leaders to shape scalable, impactful strategies.

“In an era where aviation is being redefined by climate goals, digital mandates, and unprecedented passenger growth, Airport360 Expo will serve as the strategic blueprint for building intelligent, inclusive, and operationally resilient airports,” said Joseph G Patil, IRS (Customs & Indirect Taxes), Joint Director- Directorate General of Tax payer Services.

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New Delhi [India], August 18: AVG Logistics Limited, (BSE – 543910, NSE – AVG), a leading multimodal logistics solutions provider, has announced its unaudited financial results for Q1 FY26.

Consolidated Key Financial Highlights 

• Revenue from Operations: ₹125.02 Cr, YoY growth of 1.7%
• EBITDA: ₹24.28 Cr, YoY growth of 2.8%
• EBITDA Margin: 19.42%, YoY expansion of 20 bps
• Profit Before Tax: ₹7.00 Cr, YoY growth of 5.7%
• Profit Before Tax Margin: 5.60%, expansion of 21 bps

Commenting on financial performance, Mr. Sanjay Gupta Managing Director & CEO, AVG Logistics Limited said, “Q1 FY26 has marked a promising start to the fiscal year with the strategic wins that reflect our long-term commitment to innovation, efficiency, and sustainability.

Our successful commercial deployment of India’s first 55-ton electric trucks at Tata Steel reflects our commitment to pioneering sustainable logistics. Our six-year rail lease agreement with Indian Railways enhances multimodal connectivity, opening new corridors to the Northeast and adding long-term revenue visibility. The ₹112 Cr funding secured from PSU banks reinforces market confidence and supports our planned expansion across FTL, cold chain, and green fleets.

We look forward to executing these initiatives with precision while exploring new opportunities that further enhance shareholder and customer value.”

Key Highlights of Q1 FY26

Debt Facilities Secured for FY26 Capex Expansion	Received debt funding approvals of up to ₹112 Cr from two prominent PSU banks to support capex in FY26 for asset procurement across Full Truck Load (FTL), cold chain, and green fleets (EV & LNG), with an estimated annualized revenue potential of ₹100 Cr beginning FY27.
Long-Term Rail Lease Contract with Indian Railways	Secured a 6-year lease contract for operating a Parcel Cargo Express Train (PCET) from Indian Railways (Northeast Frontier) connecting Agartala/Guwahati with Delhi/Ludhiana. The contract covers 313 trips, expected to generate ~₹198 Cr and boost multimodal access to Northeast India.
Inauguration of Electric Vehicles at Tata Steel	The Company became the first in India to commercially deploy 55-ton electric trucks from Tata Motors at Tata Steel’s premises for intra-plant and short-haul deliveries, advancing our green logistics strategy and supporting Tata Steel’s carbon reduction goals.

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Chennai (Tamil Nadu) [India], August 18: Supreme Power Equipment Limited (NSE – SUPREMEPWR), one of the leading players in the power and distribution transformer manufacturing industry, announced its Unaudited Financial Results for Q1 FY26.

Key Financial Highlights

Q1 FY26

• Total Income of ₹ 35.18 Cr, YoY growth of 27.80 %
• EBITDA of ₹ 6.73 Cr, YoY growth of 15.92 %
• Net Profit of ₹ 4.45 Cr, YoY growth of 31.05 %
• EPS of ₹ 1.78, YoY growth of 30.88 %

Commenting on the performance, Mr. Vee Rajmohan, Chairman and Managing Director of Supreme Power Equipment Limited said, “We are pleased to report that Q1 FY26 has begun on a strong note, with significant order wins and entry into new markets reflecting the growing reach of our brand. This quarter saw our first-ever and largest single-value order in company history from NLC India Limited, along with repeat orders from TNPDCL, reinforcing our position as a trusted supplier to leading utilities.

Our foray into Karnataka through KPTCL marks a key milestone in geographic diversification, while multiple renewable energy project orders demonstrate our increasing presence in high-growth segments. In addition, the proposed ₹21.07 Cr fundraise will be strategically deployed towards capacity expansion, technology upgrades, and infrastructure development, strengthening our foundation for future growth.

Our current consolidated order book stands at around ₹198.12 Cr, providing healthy visibility for the quarters ahead. With robust demand from utilities and renewable energy players, we remain confident of sustaining our growth trajectory in FY26 while creating long-term value for all stakeholders.”

Key Operational Highlights

Major Order Wins	• Secured ₹60.90 Cr first-ever order from NLC India Limited for inverter duty (solar) transformers, the largest in company history, with a six-month execution timeline. • Won two repeat orders from TNPDCL worth ₹16.05 Cr for distribution transformers ranging from 16 kVA/11 kV to 200 kVA/22 kV, with delivery timelines of four and eighteen months. • Danya Electric Company, 90% owned by SPEL, secured a ₹4.71 Cr order for 16 kVA/11 kV distribution transformers.
Entry into New Market	• Bagged first order in Karnataka worth ₹8.80 Cr from KPTCL Projects for four 20 MVA, 66/11 kV power transformers, to be delivered in approximately five months.
Orders for Renewable Projects	• Secured ₹16.12 Cr orders from a renewable power project company for inverter duty transformers (1,250–6,000 kVA/33 kV) and two 55 MVA, 110/33 kV power transformers, with four-month delivery timelines.
Fundraise to Support Growth	• Proposed ₹21.07 Cr capital infusion via preferential allotment of 12,47,000 fully convertible warrants at ₹169 each, with allotments to promoter Vee Rajmohan (36%) and non-promoter investors (64%). • Funds to be deployed for machinery purchase, software systems, civil infrastructure development, and general corporate purposes.

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Mohali (Punjab) [India], August 18: Active Clothing Co limited, (BSE – 541144), India’s one of the leading ‘design-to-shelf’ platform, specializing in flat-knitted sweaters, jackets, and circular-knitted apparel for global fashion brands, has announced its Unaudited Q1 FY26 Financial results

Key Financial Highlights

Q1 FY26

Total Income of ₹ 64.46 Cr, YoY growth of 38.54 %

EBITDA of ₹ 6.96 Cr, YoY growth of 22.86 %

PAT of ₹ 2.13 Cr, YoY growth of 75.97 %

Diluted EPS of ₹ 1.37, YoY growth of 75.64%

Commenting on the Financial performance Mr. Rajesh Mehra Managing Director, of Active Clothing Co Limited said, “We are pleased to begin FY26 on a strong note, with robust growth in both revenue and profitability in Q1. This performance reflects the strength of our integrated ‘design-to-shelf’ model, which continues to resonate with our global fashion brand partners.

Our investments in design innovation, advanced manufacturing, and sustainable practices are enabling us to deliver high-quality products with speed and precision, while responding swiftly to evolving market trends. The quarter’s growth was driven by healthy demand in flat-knitted sweaters, jackets, and circular-knitted apparel, alongside operational efficiencies across our value chain.

Looking ahead, we remain focused on deepening customer relationships, expanding our product portfolio, and leveraging technology to enhance agility and scalability. With a solid foundation in place, we are confident in sustaining this growth momentum and creating long-term value for our stakeholders.”

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Chennai (Tamil Nadu) [India], August 18: Khazanchi Jewellers Limited (BSE: 543953), one of the leading Indian jewellery companies specializing in gold, diamonds, precious stones, and bullion items has announced its unaudited Financial Results for Q1 FY26.

Key Financial Highlights

Total Income of ₹ 403.84 Cr, YoY growth of 5.94%

EBITDA of ₹ 21.15 Cr, YoY growth of 57.07%

EBITDA Margin of 5.24%, YoY growth of 170 Bps

PAT of ₹ 15.15 Cr, YoY growth of 64.73%

PAT Margin of 3.75%, YoY growth of 134 Bps

Diluted EPS (₹) of ₹ 6.12, YoY growth of 64.52%

Commenting on the financial performance Mr. Rajesh Mehta, Chairman & Joint Managing Director, Khazanchi Jewellers Limited said, “We are delighted to begin FY26 on a strong note, delivering a 65% YoY growth in PAT during Q1. This improvement was underpinned by festive and wedding demand, record-high gold prices, and a shift towards lighter yet high-value designs driving consumer interest. Leveraging our strong presence in Southern India, trusted brand reputation, and curated product mix, we were able to capture value-driven demand, supported by our focus on hallmarked purity, transparent pricing, and agile inventory management ensuring robust sales momentum.

Coupled with industry tailwinds such as festive demand, evolving consumer preferences, and government reforms to enhance transparency and affordability, these factors, along with our expanding retail footprint and operational agility, place us in a strong position to sustain growth and deliver long-term value for our stakeholders.”

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Mumbai (Maharashtra) [India], August 18: LGT Business Connextions Limited (The Company, LGT Business) specializes in offering integrated travel solutions by aggregating services from third-party hotels, airlines and visa agents, directly or through leading aggregators, proposes to open its Initial Public Offering on August 19, 2025, aiming to raise ₹ 28.09 Crores with shares to be listed on the BSE SME Platform.

The issue size is 26,25,600 equity shares with a face value of ₹ 10 each with an IPO price of ₹ 107 Per Share.

Equity Share Allocation

Non-Institutional Investors – 12,46,800 Equity Shares

Individual Investors – 12,46,800 Equity Shares

Market Maker – 1,32,000 Equity Shares

The net proceeds from the IPO will be utilized for capital expenditure, working capital requirements and the general corporate purposes. The issue will open on Tuesday, August 19, 2025 and will close on Thursday, August 21, 2025.

The Lead Manager to the Issue is Mark Corporate Advisors Private Limited, and the Registrar to the Offer is Skyline Financial Services Private Limited.

Mr. Wilfred Selvaraj, Managing Director of LGT Business Connextions Limited expressed, “Our IPO represents a transformative opportunity to accelerate the company’s growth. We have evolved into a recognized player in integrated travel solutions, serving diverse needs from corporate MICE to leisure holidays and bespoke programs. The capital raised will enable us to strengthen our market presence, introduce new offerings, and expand across domestic and international destinations. With a focus on innovation, service excellence, and strategic partnerships, we are well-positioned to leverage the rising demand in India’s travel and tourism industry and create lasting value.”

Lead Manager – Mark Corporate Advisors Private Limited said “The IPO of LGT Business Connextions marks a significant milestone in the company’s journey. Over the years, it has built a strong presence in the integrated travel solutions space, offering a wide portfolio from corporate MICE and leisure holidays to bespoke travel programs. The proposed issue will provide the capital required to accelerate expansion, enhance service capabilities, and strengthen its market position. With a clear growth strategy, strong industry fundamentals, and a proven management team, we believe the company is well-placed to capture the emerging opportunities in India’s rapidly growing travel and tourism sector.”

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