Tag: Business

Suraj Mahant of Feastary Hospitality LLP; Prashant and Pranay Mukherjee, Directors, Bistro Hospitality and Universal Success Enterprises Ltd; Kuunal Maiti, CEO TGI Fridays India

New Delhi [India], May 26: TGI Fridays®, the globally renowned American casual dining brand, has unveiled its newest flagship restaurant at the landmark Connaught Place in New Delhi. The restaurant marks another significant milestone in the brand’s India growth story and has been launched by Bistro Hospitality Pvt. Ltd., the master franchisee for TGI Fridays® in India, along with its North India franchise partner Feastary Hospitality LLP.

Present across more than 40 countries, TGI Fridays continues to bring together bold American flavours, handcrafted cocktails, vibrant energy, and its signature hospitality-driven experience for guests around the world. The Connaught Place flagship reflects the brand’s continued focus on elevating experiential dining in India’s leading metropolitan and lifestyle destinations.

The opening forms part of TGI Fridays’ ambitious expansion strategy for India, aimed at strengthening its footprint in premium urban markets while creating globally aligned dining experiences tailored for the evolving Indian consumer.

“Over the last year, our focus has been on strategically reviving and repositioning TGI Fridays in India by aligning the brand closer to its global identity while adapting it to the preferences of today’s consumers. From flagship destinations and refreshed restaurant formats to stronger operational partnerships and experience-led dining, every step has been driven by a long-term vision for sustainable growth and brand relevance in the Indian market,” said Prashant Mukherjee, Director, Bistro Hospitality and Universal Success Enterprises Ltd.

The launch evening witnessed the presence of distinguished guests, members of the media, and food and lifestyle influencers, celebrating not just the opening of a new restaurant, but the arrival of a vibrant social and dining destination in the heart of Delhi.

“TGI Fridays currently operates restaurants in Kolkata, Hyderabad, Lucknow, Gurgaon, and now at Connaught Place, with another outlet at Vasant Kunj set to open shortly. This expansion will double the store count from three to six within a span of 12 months. Several additional locations are already being planned, underscoring the brand’s continued expansion and long-term commitment to the Indian market,” said Kuunal Maiti, CEO, Bistro Hospitality Pvt. Ltd.

Speaking on the North India growth roadmap, Suraj Mahant of Feastary Hospitality LLP said, “When we launched in Gurugram, we had outlined a clear vision for North India. Connaught Place marks another key milestone in that journey. This flagship restaurant further strengthens the brand’s presence in the region while laying the foundation for sustained expansion across important northern markets.”

The launch further reinforces the partnership between Bistro Hospitality Pvt. Ltd. and Feastary Hospitality LLP, with multiple future openings planned as part of a phased expansion strategy focused on sustainable growth and operational excellence.

About TGI FRIDAYS®

Founded in New York City in 1965, TGI Fridays is one of the world’s most recognised casual dining brands, celebrated for its bold American cuisine, handcrafted beverages, and energetic social dining experience. In India, the brand’s expansion is led by Bistro Hospitality Pvt. Ltd. through a structured franchise and partnership-led model that maintains global brand standards while adapting to regional preferences.

Feastary Hospitality LLP is the exclusive franchise partner for North India and is responsible for driving the brand’s growth and operations across key markets in the region.

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Chennai (Tamil Nadu) [India], May 26: 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 H2 FY26 & FY26.

Key Financial Highlights

FY26 Financial Highlights

• Total Revenue of ₹ 2,051.02 Cr, YoY growth of 15.71%
• EBITDA of ₹ 126.99 Cr, YoY growth of 95.69%
• EBITDA Margin of 6.19%, YoY expansion of 253 Bps
• PAT of ₹ 89.42 Cr, YoY growth of 98.87%
• PAT Margin of 4.36%, YoY expansion of 182 Bps
• EPS of ₹ 36.10, YoY growth of 98.57%

H2 FY26 Financial Highlights

• Total Revenue of ₹ 1,098.26 Cr, YoY growth of 8.10%
• EBITDA of ₹ 73.21 Cr, YoY growth of 102.79%
• EBITDA Margin of 6.67%, YoY expansion of 312 Bps
• PAT of ₹ 50.72 Cr, YoY growth of 103.60%
• PAT Margin of 4.62%, YoY expansion of 217 Bps
• EPS of ₹ 20.46, YoY growth of 103.18%

Results Analysis

“FY26 has been a defining year for us, where scale, execution, and strategic investments have started reflecting more meaningfully in our financial performance. The second half of the year, in particular, saw strong traction driven by festive and wedding demand, improved product mix, and better operating leverage.

Over the year, we have focused on building a more resilient and value-driven business by maintaining disciplined control over inventory and costs, while continuing to scale both our wholesale and retail segments. Our wholesale business remains a strong foundation, delivering consistent volume-led growth. At the same time, our B2C operations are gaining momentum with a strengthened presence and increasing contribution to the overall business mix. The growing contributions of B2C business coupled with better realizations, has further supported margin expansion and improved profitability during the year.

As we move forward, our focus will remain on scaling our retail footprint, deepening our design-led offerings, and driving efficiency across the value chain, enabling us to deliver sustainable and profitable growth.”

Key Operational Highlights

Flagship Showroom Launch

During H2 FY26, the company launched the 10,000 sq. ft. flagship showroom in Chennai, strengthening the retail presence.

About Khazanchi Jewellers Limited

Khazanchi Jewellers, with over five decades of experience and located in Tamil Nadu, holds a significant position in the Indian jewellery sector. The company serves as a pivotal player in both wholesale and retail markets, specializing in a wide array of jewellery products. Offerings range from gold, diamonds, and precious stones to exquisite fancy jewellery, encompassing sought-after bullion items like coins and bars. Their business model involves raw material procurement, manufacturing and designing, the placement of products, and sales to end customers.

In FY26, the company reported Total Revenue of ₹ 2,051.02 Cr, EBITDA of ₹ 126.99 Cr, and PAT of ₹ 89.42 Cr.

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Visakhapatnam (Andhra Pradesh) [India], May 26: Steel Exchange India Limited (NSE: STEELXIND, BSE: 534748), one of the leading integrated steel manufacturers in South India and a trusted name in TMT rebars under the brand ‘SIMHADRI TMT’, has reported its Audited financials for Q4 FY26 & FY26. 

Q4 FY26 Standalone Key Financial Highlights*

• Total Income of ₹287.70 Cr, QoQ growth of 19.45%
• EBITDA of ₹0.10 Cr, QoQ growth of 118.12%
• EBITDA Margin of 17.41%, QoQ growth of 788 Bps
• Net Profit of ₹ 12.37 Cr, QoQ growth of 442.80%
• Net Profit Margin of 4.30%, QoQ growth of 335 Bps

*Q3 FY26 Unaudited Figures

FY26 Standalone Key Financial Highlights

• Total Income of ₹ 1,066.42 Cr
• EBITDA of ₹ 138.03 Cr
• EBITDA Margin of 12.94%
• Net Profit of ₹ 26.99 Cr
• Net Profit Margin of 2.53%

Strengthening Leadership & Strategic Oversight:

• Board Strengthening: Mr. Anirudh Misra appointed as Additional Non-Executive & Non-Independent Director (subject to shareholder approval), a seasoned industry leader with extensive experience in metals, mining, and global commodities trade. As the Founder of IMR Group, he has built a globally recognized commodities trading and mining enterprise, driving international expansion, strategic growth, and large-scale business transformation across markets, bringing a strong global perspective and strategic depth to the Company.

• Leadership Enhancement: Appointment of Mr. Vankina Sri Rakesh as Chief Financial Officer (CFO) and Key Managerial Personnel, a seasoned finance professional with over four decades of experience, strengthening financial strategy and governance framework.

• Strengthened Financial Oversight: Mr. Suresh Kumar Bandi, Whole-Time Director designated as Joint Managing Director & Director, has been assigned additional responsibility for the finance function of the Company and will serve as “Whole-Time Director designated as Joint Managing Director & Director – Finance,” reinforcing leadership bandwidth and enhancing focus on financial discipline and capital management.

Commenting on the financial performance, the management of Steel Exchange India Limited said: “FY26 was an important year for Steel Exchange India Limited as we continued to strengthen our operational capabilities, improve financial flexibility, and build a stronger platform for long-term growth. During the year, we remained focused on improving efficiencies, optimizing product mix, and strengthening profitability across the business. We also made significant progress towards balance sheet strengthening through capital infusion, debt reduction, and improvement in our credit profile, which further enhances our growth potential going forward. 

At the same time, our planned expansion into specialty and green steel, along with logistics infrastructure development, reflects our long-term vision to strengthen our integrated steel platform and capture emerging opportunities across the sector. Going forward, we remain focused on disciplined execution, operational excellence, and sustainable growth.”

Recent Key Business Highlights

MES Approval Renewal

• Secured 5-year renewal of MES approval under the Ministry of Defence for TMT bar supplies.
• Reinforces eligibility for government and defence infrastructure projects.
• Strengthens presence in high-entry-barrier institutional infrastructure segments.

Capital Infusion and Strengthening

• Investment from India Coke and Power Private Limited and IMR Steel Private Limited
• (IMR Group) and other Investors
• Received ₹85 crore upfront via allotment of convertible warrants
• As Part of the ₹350 crore preferential issue approved by the Board
• 2.83 Cr existing warrants converted into equity shares post receipt of ~₹29.92 Cr

Debt Reduction 

• Redeemed ₹43.19 crore towards NCDs in a single tranche (~13% of total debt)
• Follows ₹24.97 crore repayment over last two quarters, taking total reduction to ~₹68.16 crore
• Repaid over 20% of long-term debt since October 2025, marking progress towards becoming debt-free in the near future

About Steel Exchange India Limited

Steel Exchange India Limited (SEIL), part of the Vizag Profiles Group, is a leading manufacturer of TMT rebars under the brand ‘SIMHADRI TMT’. Founded in 1999, the Company has grown from a steel trading and online platform into one of the most trusted integrated steel manufacturers in Andhra Pradesh and Telangana.

SEIL operates an Integrated Steel Plant & Power Unit in Vizianagaram Dist, Near Visakhapatnam.  These facilities house sponge iron, billet, rolling mill, and power generation capacities, enabling complete backward and forward integration for long steel production.

With a strong brand presence and supply track record to the Armed Forces and critical infrastructure projects, SEIL is known for quality and reliability. In line with the ‘Atmanirbhar Bharat’ vision, the Company is diversifying into specialty steels under the PLI scheme to support import substitution and expand its value-added offerings.

For FY26, the company has reported Total Income of ₹1,066.42 Cr, EBITDA of ₹138.03 Cr, and Net Profit of ₹26.99 Cr.

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Chennai (Tamil Nadu) [India], May 26: SEPC Limited (NSE: SEPC | BSE: 532945), a leading EPC player with strong execution capabilities across water & wastewater, infrastructure, and industrial segments, announced its unaudited financial results for Q4 and FY26, marking a year of robust operational progress.

 Key Financial Highlights

Q4 FY26 Consolidated Key Financial Highlights
 • Total Income of ₹ 288.95 Cr, YoY growth of 129.12%
 • EBITDA of ₹ 25.32 Cr, YoY growth of 7.30%
 • Net Profit of ₹ 13.73 Cr, YoY growth of 37.00%
 • Net Profit Margin of 4.75%, YoY decline of 320 Bps
 • Diluted EPS of ₹ 0.07, YoY growth of 16.67%

FY26 Consolidated Key Financial Highlights
 • Total Income of ₹ 1,085.84 Cr, YoY growth of 68.08%
 • EBITDA of ₹ 108.92 Cr, YoY growth of 10.09%
 • Net Profit of ₹ 53.54 Cr, YoY growth of 115.53%
 • Net Profit Margin of 4.93%, YoY growth of 109 Bps
 • Diluted EPS of ₹ 0.30, YoY growth of 87.50%

Commenting on the performance Mr. Venkataramani Jaiganesh, Managing Director of SEPC Limited, said: “FY26 has been a defining year for SEPC, marked by strong execution, disciplined delivery, and a clear strategic focus on scaling high-value opportunities. The robust growth in total income and the more than doubling of net profit reflect the strength of our operating model and our ability to consistently deliver across complex infrastructure projects.

During the year, we have made meaningful progress in diversifying our project portfolio across water and wastewater management, industrial infrastructure, and mining, while also strengthening our presence in both domestic and international markets. Our strategic acquisition initiatives further enhance our technical capabilities and expand our global footprint, positioning us to capture larger and more complex opportunities.

We continue to benefit from a favourable industry environment, supported by increased government spending on infrastructure, rising investments in water management, and a strong push towards sustainable development. This provides a multi-year visibility for growth, particularly in EPC segments where execution capability and scale are critical differentiators.

Our focus remains on improving project execution efficiency, optimizing cost structures, and selectively bidding for projects with better margin profiles. At the same time, we are strengthening our order book quality, which will support sustainable revenue growth and margin expansion going forward.

With a healthy pipeline, improved operational discipline, and a diversified business mix, we are confident of maintaining this growth momentum. SEPC is well-positioned to capitalize on emerging opportunities and deliver consistent value to all stakeholders in the years ahead.”

Key Business Highlights

Robust Order Book of Around ₹10,000 Crore with Record FY26 Order Inflows Driving Scale Expansion and Establishing a Strong, Visible Multi-Year Revenue Pipeline to Support the Next Phase of Growth. Strategic Acquisition of 90% Stake in Avenir International Engineers and Consultants LLC.

About SEPC Limited

SEPC Limited (formerly Shriram EPC Limited) is a well-established EPC company offering turnkey solutions across Water & Wastewater, Roads, Industrial Infrastructure, and Mining sectors. The company specializes in the design, procurement, construction, and commissioning of large and complex infrastructure projects across India.

SEPC serves a wide range of clients, including Central and State Government agencies, and continues to play a key role in India’s infrastructure development.

In FY26, the Company delivered Total Income of ₹1,085.8 Cr, EBITDA of ₹108.9 Cr, and Net Profit of ₹53.5 Cr, against Total Income of ₹646.0 Cr in FY25, with Net Profit more than doubling over the previous year.

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Gurugram (Haryana) [India], May 26: Warivo Electric’s latest dealer meet felt less like a routine product event and more like the kind of gathering where a company quietly signals that it is preparing for a bigger league. More than 350 dealers from 19 states travelled to attend the event on 16th May 2026, where the company introduced four upcoming electric scooters: CRX High Speed, Majesty, Panzer, and Edge Sports. The atmosphere inside the venue carried equal parts excitement, curiosity, and business calculation. Dealers were not just looking at new launches; they were trying to understand where the brand sees itself over the next few years in India’s increasingly crowded EV market.

The Biggest Attraction: CRX High Speed

The biggest crowd naturally formed around the CRX High Speed. Even before the official presentation ended, dealers had already gathered around the scooter, checking the seating comfort, inspecting the design details, and discussing its positioning in the premium category. The scooter comes with a 75 km/h top speed, a TFT display, 42-liter boot space, and a long 830 mm seat aimed at improving comfort for daily riders.

What worked in its favour instantly was that it did not look built only for specification sheets. The design carried a sharper and more mature identity compared to many scooters currently fighting for attention in the market. Several dealers present at the event privately admitted they see stronger demand now for EVs that feel aspirational rather than merely economical.

That shift in customer thinking was a recurring conversation throughout the day. A few years ago, buyers entering the EV category mainly asked about range and pricing. Dealers now say customers walk in asking about styling, technology, comfort, and whether the product “feels premium enough” to replace their petrol scooter entirely. Warivo Electric appears to be responding directly to that shift.

Majesty, Panzer and Edge Sports Expand the Portfolio

Majesty and Panzer, the other two major launches of the evening, took a different route. Instead of sporty positioning, both scooters leaned heavily toward practicality, durability, and stronger road presence. Dealers from smaller cities seemed especially optimistic about these models, pointing out that reliability and sturdier construction still influence purchase decisions heavily outside metro markets.

Edge Sports, meanwhile, was clearly aimed at younger buyers a scooter built more around styling and everyday urban usage.

Beyond Product Launches: A Larger Business Push

But the launches were only one part of the larger picture.

Behind the stage presentations and product reveals, the event also carried an unmistakable business message: Warivo Electric is now pushing aggressively toward expansion.

Executives spent considerable time discussing dealership growth, service reach, and future manufacturing plans with partners attending the meet. The company intends to expand deeper into both urban and regional markets, while simultaneously strengthening after-sales infrastructure, an area that has become increasingly important as the EV sector matures.

One announcement that drew serious attention from dealers was the company’s plan to establish an in-house lithium battery manufacturing facility.

In India’s EV business today, battery sourcing has become one of the biggest long-term concerns for manufacturers. Delays, dependency on suppliers, and pricing fluctuations continue to affect operations across the industry. Dealers present at the event viewed Warivo’s localisation plans as a sign that the company is trying to build stronger operational control before scaling further.

The company also confirmed that work is underway on a metal-body electric scooter, which is expected to focus on durability and premium positioning.

Leadership Commentary

Speaking during the event, Chief Marketing Officer Yuvraj Garg said Warivo Electric recorded 2.5x growth during the previous financial year and is now targeting 500 dealerships across India.

“Warivo Electric has witnessed an impressive 2.5x growth in the last financial year, reflecting the strong trust and confidence our dealers and customers have shown in the brand. With an aggressive expansion strategy in place, we are now targeting 500 dealerships across India in the current financial year,” he said.

He added that the newly unveiled lineup is expected to strengthen the company’s position in the Indian EV market over the coming months.

Industry Outlook

What stood out most during the gathering, however, was not only the scale of the event but the confidence among the dealer network itself. Conversations throughout the venue suggested that the market has moved beyond asking whether electric vehicles are the future. For most businesses present there, that debate already feels over.

The real question now is which brands will survive the next phase when competition becomes sharper, margins tighter, and customers more demanding.

Warivo Electric, at least for now, appears determined to ensure it remains part of that conversation.

Nilay Joshi -Executive Director, Sarda Energy & Minerals Limited

New Delhi [India], May 26: Sarda Energy & Minerals Ltd (SEML) reported a 53 percent rise in consolidated net profit for the March quarter at Rs 155 crore, compared with Rs 101 crore in the year-ago period. For the full financial year 2025-26, profit after tax rose 58 percent to Rs 1,109 crore from Rs 702 crore in the previous fiscal. Total income increased 23 percent year-on-year to Rs 5,928 crore.

Speaking during the earnings call on Monday, the management said FY26 marked a strategic inflection point for the company, with EBITDA crossing the Rs 2,000 crore mark for the first time, driven by increased contribution from the energy segment. The company said in its analyst presentation that it is working towards doubling its EBITDA by FY30.

According to the management, over the last five years Sarda Energy has transformed itself from a mid-sized cyclical commodity-linked metals business into a more diversified and integrated energy and mining company.

The company said that in FY21, earnings were largely driven by steel and ferro alloy cycles, with profitability exposed to volatility in commodity prices and raw material costs. Since then, it has diversified through investments across thermal power, hydro power and coal mining.

Key milestones in this transition include the acquisition and integration of SKS Power’s 2×300 MW thermal power assets, operationalisation of the 113 MW hydro power project in Sikkim and the commencement and scale-up of coal mining operations at Gare Palma IV/7.

“This transformation is reflected in our financial and operating performance. Over FY21 to FY26, revenue grew at a CAGR of 21 percent to approximately Rs 5,928 crore, EBITDA tripled at a CAGR of 25 percent to Rs 2,025 crore, while profit after tax also recorded a threefold increase at a CAGR of 24 percent to Rs 1,109 crore,” the management said.

During the same period, the company’s energy capacity increased nearly fivefold to 929 MW. The management added that supported by strong liquidity, an improved credit profile and a net debt-free balance sheet, Sarda Energy remains well positioned for long-term sustainable value creation.

The company also reported its highest-ever thermal and hydro power generation in FY26, along with record production across iron ore pellets, sponge iron, HB wire and coal mining operations. SEML operates across power generation, mining, steel and ferro alloys.

Mumbai (Maharashtra) [India], May 26: Repono Limited (BSE- REPONO | 544463 | INE15WN01014), a 360-degree warehousing and liquid terminal solutions provider to India’s oil and petrochemical sector, has announced its Un-audited financial results for H2 FY26 & FY26.

H2 FY26 Standalone Key Financial Highlights

• Total Income of ₹ 35.73 Cr, YoY growth of 22.08%
• EBITDA of ₹ 5.67 Cr, YoY growth of 31.96%
• EBITDA Margin of 15.87%, YoY growth of 119 Bps
• Net Profit of ₹ 3.53 Cr, YoY growth of 42.90%
• Net Profit Margin of 9.88%, YoY growth of 144 Bps
• EPS of ₹ 3.21, YoY decline of 2.73%

FY26 Standalone Key Financial Highlights

• Total Income of ₹ 66.45 Cr, YoY growth of 28.80%
• EBITDA of ₹ 11.15 Cr, YoY growth of 29.49%
• EBITDA Margin of 16.78%, YoY growth of 9 Bps
• Net Profit of ₹ 6.58 Cr, YoY growth of 29.03%
• Net Profit Margin of 9.90%, YoY growth of 2 Bps
• EPS of ₹ 7.06, YoY growth of 3.82%

Commenting on the financial performance, Mr. Dibyendu Deepak, Managing Director Repono Limited said:“FY26 marked a year of steady operational progress and strategic expansion for Repono Limited. Increasing demand for specialized warehousing, liquid terminal infrastructure, and integrated supply chain consulting across the oil and petrochemical sector continues to create significant long- term opportunities for the industry. During the year, we strengthened our business platform through strategic initiatives including subsidiary incorporation and joint venture expansion, which will support our growing presence across warehousing, logistics, and terminal operations. Supported by healthy business momentum and improving operational scale, we remain focused on strengthening execution capabilities, expanding service offerings, and building a scalable platform to drive sustainable long-term growth”

Recent Key Business Highlights

Incorporation of Step-Down Subsidiary 

• Repono Mathura Terminals Private Limited
• Strengthens presence in warehousing segment

Joint Venture Formation 

• JV formation in Saudi Arabia 
• Golden Wing Trading Company; Repono to hold 51% stake 
• Expands into petrochemical warehousing, liquid terminal and container handling services

About Repono Limited

Repono Limited (The Company, Repono) is a specialized service provider offering 360-degree warehousing and liquid terminal solutions to India’s oil and petrochemical sector. Its services span consultancy, engineering, operations and maintenance (O&M), and value-added services, catering to top public and private sector enterprises.

Repono is a trusted O&M partner in the oil value chain, managing storage assets from crude oil and refined fuels to ethanol, petrochemical warehouses, specialty chemical terminals, and Lube oil plants. Repono has entered in the international market by establish a Joint Venture company in Saudi Arabia.

In FY26, The Company achieved a Total Income of ₹66.45 Cr, EBITDA of ₹ 11.15 Cr & PAT of ₹ 6.58 Cr.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.

New Delhi [India], May 26: Oasis Group has intensified its premiumisation strategy with the launch of AAGHAAZ Indian Artisan Single Malt, a move that reflects the company’s broader ambition to strengthen its position within India’s rapidly evolving premium spirits market while accelerating its global expansion roadmap.

The launch comes at a time when Indian-origin spirits are witnessing a decisive shift in consumer perception, driven by rising disposable incomes, premium consumption trends, and increasing international recognition for Indian-made labels. For Oasis Group, the latest addition is less about entering another product category and more about strategically deepening its footprint in high-margin premium segments that are reshaping the future of the alcobev industry.

The company’s growth trajectory has already been reinforced by the sustained performance of All Seasons Whisky, which has crossed 21 million cumulative global cases, helping establish Oasis Group among the major players in India’s spirits sector. Today, the Group operates eight distilleries and 14 bottling units across India, supported by an annual ethanol production capacity of nearly 360 million litres, catering to both beverage alcohol manufacturing and industrial requirements.

Industry analysts continue to view premiumisation as one of the strongest structural shifts within India’s alcohol market, particularly as consumers increasingly migrate from mass-market offerings toward premium and luxury experiences. Oasis Group’s latest strategic direction appears closely aligned with this transition.

Speaking on the development, Chairman Deep Malhotra said:
“With AAGHAAZ, Oasis Group begins a new chapter in premium Indian spirit-making. This launch reflects our commitment to creating world-class offerings that combine Indian craftsmanship, authenticity, and contemporary luxury. We remain focused on building globally competitive premium products originating from India while strengthening the country’s position in the evolving global premium spirits landscape.”

Under the leadership of Chairman Deep Malhotra and Directors Gauravh Malhotra and Gautam Malhotra, Oasis Group has steadily expanded both operationally and geographically. The company currently reports an annual turnover of approximately ₹3,500 crore and is targeting ₹5,700 crore in revenue by March 2028. The projected growth is expected to be supported through premium portfolio expansion, manufacturing scale, distribution strengthening, and deeper international market penetration.

The Group is simultaneously expanding its global presence across Europe, North America, the UAE, Africa, and Southeast Asia, regions where demand for premium Indian-origin spirits has shown notable momentum over the past few years. Industry observers note that Indian single malts, in particular, have increasingly gained visibility in global competitions and international retail markets, contributing to the broader repositioning of India within the luxury spirits ecosystem.

Produced using Indian six-row barley sourced from Rajasthan, Uttar Pradesh, Madhya Pradesh, Punjab, Haryana, and the Himalayan foothills, AAGHAAZ is distilled through traditional copper pot stills and matured in bourbon and oak casks in the Shivalik foothills. The product has also received international recognition at the Monde Selection Awards 2026.

The spirit begins its maturation journey using water sourced from the Shivalik foothills, where the cooler Himalayan climatic conditions support gradual ageing and flavour development. The company states that this maturation environment contributes to the product’s layered profile and overall complexity.

While premium whisky remains a major focus area, Oasis Group’s long-term strategy extends beyond a single category. The company is preparing additional launches across Indian single malts, luxury vodka, artisan vodka, and Caribbean rum expressions as part of its effort to strengthen its premium and luxury portfolio across multiple consumer segments.

Founded in 1987, Oasis Group has built a substantial presence across the Indian alcobev industry through manufacturing scale, distribution reach, and brand development. As competition intensifies across the premium segment, the Group’s current strategy signals a stronger emphasis on value-led growth, global positioning, and the rising international credibility of Indian-made premium spirits.

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Mumbai (Maharashtra) [India], May 25: Paramatrix Technologies Limited (Paramatrix) (NSE: PARAMATRIX), a trusted provider of enterprise software products and digital IT services, has reported its Audited financials for H2 FY26 & FY26.

H2 FY26 Key Consolidated Financial Highlights

Total Income of ₹16.23 Cr
EBITDA of ₹-0.17 Cr
Net Profit of ₹-0.33 Cr

FY26 Key Consolidated Financial Highlights

Total Income of ₹32.57 Cr
EBITDA of ₹4.19 Cr
Net Profit of ₹2.61 Cr

Note: The Company has recorded a provision for bad and doubtful debts amounting to ₹2.74 crore as on March 31, 2026, under ‘Other Expenses’ in the Profit & Loss account, reducing the reported profitability for the period. The Company has also initiated legal proceedings for recovery from one of the debtors.

FY26 Performance — Key Highlights

Operating Cash Flow increased to ₹6.93 Cr (vs ₹2.71 Cr in FY25), reflecting improved receivables quality, better collections, and disciplined working capital management.
Revenue from Operations stood at ₹28.85 Cr (vs ₹28.61 Cr in FY25), remaining stable despite a deliberate focus on higher-quality, better-margin engagements over low-margin volume.
Ongoing Investments: ₹19.96 Cr in Capital Work-in-Progress and ₹8.13 Cr in Intangible Assets under Development, aimed at building next-generation product platforms to drive growth from FY27 onwards.
Inorganic Growth: Acquired a 51% stake in Metasys Software Private Limited in January 2026; FY26 includes ~2 months of contribution, with full-year impact expected from FY27.
Strong Balance Sheet: Cash and cash equivalents at ₹31.71 Cr as of March 31, 2026; the Company remains net cash positive even after completing a ₹5.99 Cr share buyback during FY26.

Strategic & Business Updates

PLAYMITY, the flagship gamified engagement platform, won the “Best Product Innovation” award at the BFSI Tech Summit, validating its strong product-market fit in financial services.
Metasys Software became a subsidiary (51% stake), strengthening capabilities and expanding the Group’s addressable market.

Term Funding: Raised ₹14 Cr in FY26 to support strategic capital expenditure on long-cycle assets; this marks the first long-term debt, deployed strictly toward identified productive assets.
Share Buyback: ₹5.99 Cr completed during FY26, reflecting the Board’s confidence in long-term value creation.

Commenting on the performance, Mr. Mukesh Thumar, Founder, Managing Director & CEO of Paramatrix Technologies Limited, said: “FY26 has been a year of building, not just billing. We grew the top line, more than doubled our cash flow from operations, made a strategic majority acquisition in Metasys, and saw PLAYMITY recognised as the best BFSI product innovation — all while choosing to take an early, conservative ₹2.74 Cr provision on two disputed receivables rather than carry it on the books. That single provision is a non-cash entry — it does not touch the cash we generated, and we have already initiated legal recovery.

We chose transparency over optics. As we step into FY27 with a larger Group, a richer product portfolio and a healthier balance sheet, we are confident of converting this groundwork into clean, sustainable profit growth.”

About Paramatrix Technologies Limited

Paramatrix Technologies Limited (NSE: PARAMATRIX) is a technology-driven enterprise software and digital IT services company established in 2004 and headquartered in Navi Mumbai, India. The Company designs and delivers enterprise software, digital transformation services, and proprietary product platforms used by clients across banking, financial services, insurance, healthcare, education and other regulated industries.

Paramatrix’s product portfolio includes solutions for data management, automation, analytics and gamified customer engagement (including the award-winning PLAYMITY platform). With a sharp focus on quality, customer outcomes and innovation, Paramatrix continues to evolve into a multi-product, multi-geography group, supported by its recently inducted subsidiary Metasys Software Private Limited.

In FY26, the company reported Consolidated Total Income of ₹32.57 Cr, EBITDA of ₹4.19 Cr, and Net Profit of ₹2.61 Cr.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.

Mumbai (Maharashtra) [India], May 25: Fredun Pharmaceuticals Limited (BSE – FREDUN | 539730), one of the leading pharmaceutical formulation manufacturing companies in India, diversified across generics, cosmeceuticals, nutraceuticals, mobility, and animal healthcare products, has reported its audited financial results for Q4 FY26 and FY26.

Q4 FY26 Standalone Key Financial Highlights

• Total Income of ₹ 213.05 Cr, YoY growth of 27.27%
• EBITDA of ₹ 29.13 Cr, YoY growth of 67.05%
• EBITDA Margin of 13.67%, YoY growth of 326 Bps
• Net Profit of ₹ 11.07 Cr, YoY growth of 56.47%
• Net Profit Margin of 5.19%, YoY growth of 97 Bps

FY26 Standalone Key Financial Highlights

• Total Income of ₹ 639.12 Cr, YoY growth of 40.08%
• EBITDA of ₹ 94.79 Cr, YoY growth of 72.05%
• EBITDA Margin of 14.83%, YoY growth of 276 Bps
• Net Profit of ₹ 33.21 Cr, YoY growth of 59.59%
• Net Profit Margin of 5.20%, YoY growth of 64 Bps

Performance Highlights & Key Announcement:

• FY26 revenue scales to ₹639 Cr, up 40% YoY, reflecting strong demand traction
• EBITDA jumps 72% YoY to ~₹95 Cr, with margins expanding to 14.8%
• PAT surges ~60% YoY to ₹33 Cr, significantly outpacing revenue growth
• Margins expand across the board, led by operating leverage and cost discipline
• Q4 exits on a strong note, with EBITDA up 67% and PAT up 56% YoY
• Profitability is accelerating faster than revenue, indicating an improving business quality
• Improved financial ratios and positive cash flow generation, strengthening overall financial health
• Dividend of ₹0.70 per share recommended by the Board 
• Recommended issuance of bonus shares in the ratio of 2:1, i.e., 2 fully paid-up equity shares of ₹10 each for every 1 existing share of ₹10 each, to eligible shareholders/warrant holders as on the record date, subject to shareholder approval.

Commenting on the financial performance, Mr. Fredun Medhora, Managing Director, said, “FY26 reflects the steady progress we have made in building a diversified and resilient business. Our growth is coming across segments, with continued strength in generics complemented by increasing traction in nutraceuticals, cosmeceuticals, and pet care. This balanced mix is helping us scale more sustainably and reduce dependence on any single segment. The improvement is clearly visible in our performance, with revenue reaching ₹639 crore and margins strengthening during the year.

At the same time, we have started investing in the next phase of growth. The launch of our premium hormone therapy range and the DAULCÉL platform marks our entry into more specialized, wellness and preventive healthcare segments. These are early steps, but they open up new avenues beyond our traditional business. Alongside this, the expansion of our Palghar facility and the upgrade in our credit rating to IVR BBB+ give us the capacity and financial strength to support future growth.

Going forward, our focus will be on continuing to build across segments while gradually increasing the share of differentiated and higher value products. With multiple growth drivers now in place and a stronger base established, we are confident of sustaining this momentum and delivering consistent growth in the years ahead.”

Recent Key Business Highlights 

Hormone Range Products	Announced launch of premium hormone therapeutics range focused on longevity, hormone health, and performance care Doctor-led, evidence-backed model with digital-first patient engagement
DAULCÉL Platform	Announced launch of ‘DAULCÉL’ – premium NAD+ based wellness & longevity platformExpands into preventive healthcare, healthy aging, and lifestyle wellness segments
Fifth Facility Expansion at Palghar	Adds 40,000 sq. ft. manufacturing capacity.Expected to be operational by October 2026; Supports veterinary, nutraceutical and pharmaceutical formulations Additional 50,000 sq. ft. planned Expansion
Credit Rating Upgrade	Infomerics upgrades credit rating to IVR BBB+ (Stable) from IVR BBB (Stable)Rating covers bank facilities of ~₹156.17 croreStrengthened banking confidence and institutional credibility

About Fredun Pharmaceuticals Limited

Fredun Pharmaceuticals Limited, a healthcare and pharmaceuticals company, offers a range of products, including antihypertensives, antidiabetics, 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 FY26, Fredun reported total revenues of ₹639.12 Cr, with an EBITDA of ₹94.79 Cr and a PAT of ₹33.21 Cr.

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