Tag: Business

H2 FY26 Total Income at ₹4,259.45 Lakhs | FY26 Total Income at ₹7,035.71 Lakhs

Ahmedabad (Gujarat) [India], June 1: Accord Transformer & Switchgear Limited, engaged in the manufacturing of transformers and electrical equipment solutions, announced its Financial Results for H2 FY26 & FY26.

The Company continued to witness healthy business momentum during the period, supported by rising demand from the power distribution, infrastructure, industrial, and utility sectors. With a strong focus on quality manufacturing, operational efficiency, and timely execution, the Company remains well-positioned to benefit from the growing investments in India’s power and electrical infrastructure ecosystem.

Key Financial Highlights – 

Recent Business Updates

• Accord Transformer & Switchgear Limited secured multiple transformer supply and work orders from domestic industrial clients, reflecting healthy demand across the power equipment and industrial infrastructure sectors.
• The Company received an order worth approximately ₹53.50 Lakhs for transformer supply, including inverter duty transformers, strengthening its position in specialized transformer solutions.
• Accord Transformer successfully completed the Dynamic Short Circuit Test for its 17.6 MVA inverter duty transformer at CPRI, enhancing its technical capabilities for large industrial and renewable energy projects.
• The Company signed a strategic MoU with the Western Administrative District of Moscow focused on energy infrastructure, EPC projects, manufacturing cooperation, and technology exchange, supporting its international expansion plans.
• The Company continues to strengthen its product portfolio across transformers, switchgear products, package substations, and EV charging infrastructure solutions catering to renewable energy, utilities, industrial, and infrastructure sectors.

Management Commentary

Commenting on the performance, Mr. Pradeep Kumar Verma, Founder & Managing Director of Accord Transformer & Switchgear Limited, stated: “FY26 was an important year for Accord Transformer & Switchgear as we strengthened our market presence, expanded customer relationships, and achieved key operational milestones. During the year, we enhanced our manufacturing capabilities and continued to build momentum across transformers and power infrastructure solutions. With increasing investments in power transmission, distribution, renewable energy, and industrial infrastructure, we believe the Company is well positioned to participate in the sector’s long-term growth opportunities.”

About Accord Transformer & Switchgear Limited

Accord Transformer & Switchgear Limited is engaged in the manufacturing of transformers and electrical equipment solutions catering to power utilities, industrial customers, and infrastructure projects. The Company focuses on delivering quality products, operational efficiency, and reliable solutions to support India’s growing power infrastructure requirements.

Disclaimer: Certain statements in this document that are not historical facts are forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

EBITDA in FY26 stood at Rs. 22.93 crore, reflecting stable performance.

Surat (Gujarat) [India], June 1: BigBloc Construction Limited, one of the largest manufacturers of Aerated Autoclaved Concrete (AAC) Blocks, Bricks and ALC Panels in India, reported consolidated Revenue from Operations of Rs. 283.42 crore for FY26 ended March 2026, registering a robust growth of 26.2% Y-o-Y compared to Rs. 224.64 crore reported in FY25. The company reported EBITDA of Rs. 22.93 crore during FY26 with an EBITDA margin of 8.09%, reflecting stable performance despite continued pressure in the building materials sector. The margins and profitability were primarily impacted by sector-wide challenges arising from geopolitical tensions and ongoing expansion.

Highlights:

• Q4 FY26: Revenue from Operations Rs. 86.93 crore up 34.6% Y-o-Y, EBITDA Rs. 7.06 crore
• FY26: Revenue from Operations Rs. 283.42 crore up 26.2% Y-o-Y, EBITDA Rs. 22.93 crore
• Foray in construction chemicals: Commenced commercial production at Umargaon facility manufacturing products including Block Jointing Mortar, Ready Mix Plaster, and Tile Adhesives
• Merger Approved – Hon’ble Regional Director vide order dated 28th April 2026 sanctioned the amalgamation scheme, Starbigbloc Building Material Ltd with Bigbloc Building Elements Pvt.
• Sustainability – Company has installed 3340 KW of rooftop solar power capacity for captive use across BigBloc and its subsidiaries

The consolidated capacity utilization for Q4 FY26 was 78%. Capacity utilization at Bigbloc Building Elements Pvt. Ltd was 89%, while Siam Cement Bigbloc Construction Technologies Pvt. Ltd reported capacity utilization of 40% during the quarter.

The company reported consolidated Revenue from Operations of Rs. 86.93 crore for Q4 FY26 ended March 2026, registering a robust growth of 34.6% Y-o-Y compared to Rs. 64.59 crore reported in Q4 FY25. The company reported EBITDA of Rs. 7.06 crore during Q4 FY26.

Commenting on the company’s performance, Mr. Mohit Saboo, Director & CFO, BigBloc Construction Ltd said, “The Company delivered healthy growth in revenue during the quarter and FY26 backed by improved operational efficiencies and steady demand across key markets. During the year, we strengthened our business through expansion into the construction chemicals segment, and continued focus on sustainable operations. With increasing adoption of sustainable building materials in India, we remain confident about long-term growth opportunities and will continue to focus on operational excellence, capacity expansion, and value creation for stakeholders.”

Incorporated in 2015, BigBloc Construction Ltd is one of the largest and only listed companies in the AAC Block Space with an installed capacity of 1.3 million cubic meters per annual capacity across plants in Gujarat (Kheda, Umargaon, Kapadvanj) and Maharashtra (Wada). The company recently purchased approx. 57,500 sq. mts. of land to set up India’s largest greenfield facility for AAC Blocks in Indore, MP. BigBloc Constructions Ltd is among very few companies in the AAC industry to generate carbon credits.

During the year, the company commenced commercial production of construction chemicals at its Umargaon facility. The plant manufactures Block Jointing Mortar, Ready Mix Plaster, and Tile Adhesives, strengthening the company’s presence in fast-growing building material segments and expanding its product portfolio.

StarBigBloc Building Material Ltd, a subsidiary of BigBloc Construction Ltd, has now secured all key approvals for its Indore greenfield project, including Town Planning Clearance, land registration, Gram Panchayat approval, and NA order.

Pursuant to the scheme of amalgamation approved by the Hon’ble Regional Director on April 28, 2026, Starbigbloc Building Material Ltd (SBML) has been merged with Bigbloc Building Elements Pvt. Ltd (BBEPL) effective from April 1, 2025. The restructuring is aimed at streamlining operations, improving efficiency, and strengthening the overall corporate structure. Since both entities were already consolidated within the group, the merger has no impact on the Group’s consolidated assets, liabilities, revenues, or expenses. Following the approved share swap arrangement, the company’s holding in BBEPL stands revised from 100% to 92.63%. Consequently, the non-controlling interest has been rationalized from 14.85% in SBML to 7.37% in the merged BBEPL entity.

On the sustainability front, the total installed rooftop solar power capacity across BigBloc and its subsidiaries now stands at 3340 KW. The company has also launched its ESG Profile on ESG World, reaffirming its commitment to global sustainability standards, transparency, and responsible business practices. The profile, accessible through the Sustainability section of the company’s website, enables investors, analysts, ESG rating agencies, and financial institutions to track performance across key ESG metrics aligned with global frameworks.

About BigBloc Construction:

Incorporated in 2015, BIGBLOC Construction Ltd is one of the largest and only listed AAC block manufacturers in India, with a 1.3 million CBM annual capacity across plants in Gujarat (Kheda, Umargaon, Kapadvanj) and Maharashtra (Wada). The company, which markets its products under the ‘NXTBLOC’ brand, is one of the few in the AAC industry to generate carbon credits. With over 2,000 completed projects and 1,500+ in the pipeline, the company’s clients include Lodha, Adani Realty, IndiaBulls Real Estate, DB Realty, Prestige, Piramal, Oberoi Realty, Tata Projects, Shirke Group, Shapoorji Pallonji Group, Raheja, PSP Projects, L&T, Sunteck, Dosti Group, Purvankara Ltd, DY Patil, Taj Hotels, Godrej Properties, Torrent Pharma, GAIL among others.

For more details, please visit: www.bigbloc.in

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

Mumbai (Maharashtra) [India], June 1: Unihealth Hospitals Limited (NSE: UNIHEALTH | INE0PRF01011), a rapidly expanding healthcare platform with operations across India and East Africa, today announced its audited financial results for H2 FY26 and FY26. The Company delivered another year of strong growth, marked by robust revenue expansion, improving profitability, strategic capacity additions, and significant progress on its long-term vision of building an integrated healthcare ecosystem across underserved and high-growth markets.

Driven by rising patient volumes, increasing demand for specialized healthcare services, operational efficiencies, and successful expansion initiatives, Unihealth continues to strengthen its position as a differentiated healthcare provider focused on delivering quality, affordable, and accessible healthcare.

H2 FY26 Consolidated Key Financial Highlights

• Total Income of ₹67.45 Cr, YoY growth of 18.44%
• EBITDA of ₹24.20 Cr, YoY growth of 7.26%
• EBITDA Margin of 35.88%, YoY decline of 374 Bps
• *Net Profit of ₹10.72 Cr, YoY growth of 19.04%
• Net Profit Margin of 15.90%, YoY growth of 8 Bps
• Diluted EPS of ₹6.86, YoY growth of 17.26%

FY26 Consolidated Key Financial Highlights

• Total Income of ₹137.01 Cr, YoY growth of 34.61%
• EBITDA of ₹58.82 Cr, YoY growth of 48.91%
• EBITDA Margin of 42.93%, YoY growth of 412 Bps
• *Net Profit of ₹25.83 Cr, YoY growth of 82.87%
• Net Profit Margin of 18.85%, YoY growth of 498 Bps
• Diluted EPS of ₹16.52, YoY growth of 80.15%
   
   *Net Profit for the period reflects only the portion attributable to the owners of the Company.

H2 FY26 Standalone Key Financial Highlights

• Total Income of ₹7.70 Cr, YoY growth of 102.29%
• EBITDA of ₹5.32 Cr, YoY growth of 186.41%
• EBITDA Margin of 69.05%, YoY growth of 2,028 Bps
• Net Profit of ₹3.77 Cr, YoY growth of 214.62%
• Net Profit Margin of 48.92%, YoY growth of 1,747 Bps
• Diluted EPS of ₹2.46, YoY growth of 211.39%

FY26 Standalone Key Financial Highlights

• Total Income of ₹13.23 Cr, YoY growth of 92.54%
• EBITDA of ₹9.17 Cr, YoY growth of 158.16%
• EBITDA Margin of 69.34%, YoY growth of 1,763 Bps
• Net Profit of ₹6.49 Cr, YoY growth of 176.32%
• Net Profit Margin of 49.07%, YoY growth of 1,488 Bps
• Diluted EPS of ₹4.15, YoY growth of 171.24%

The strong performance underscores the scalability of Unihealth’s business model, which combines hospital operations with healthcare consultancy, medical value travel, pharmaceutical exports, and healthcare infrastructure development. This diversified approach enables the Company to capture multiple opportunities across the healthcare value chain while creating sustainable long-term growth.

Building a Cross-Border Healthcare Platform

Over the past decade, Unihealth has evolved from a healthcare services company into a multi-dimensional healthcare enterprise with a growing presence across emerging markets. Today, the Company operates an integrated healthcare network that serves patients across India and East Africa, regions characterized by growing populations, increasing healthcare awareness, rising disposable incomes, and significant demand-supply gaps in quality healthcare infrastructure.

The Company’s strategy focuses on establishing high-quality tertiary and specialty healthcare facilities in underserved markets while leveraging Indian medical expertise, global clinical standards, and localized partnerships. This model enables Unihealth to deliver world-class healthcare outcomes while maintaining affordability and accessibility for patients.

With more than 600 employees and an expanding network of healthcare professionals, Unihealth continues to build a healthcare platform designed to address both current healthcare needs and future demand across its operating geographies.

Transformational Year of Expansion

Major milestones during FY26 were the successful commissioning of UMC Hospitals, Navi Mumbai (India), finalizing the lease for the 200-bedded UMC Hospital in Nashik (India) and the acquisition and commissioning of UMC Hospital, Entebbe, Uganda. These strategic additions significantly strengthen Unihealth’s footprint and reflect the Company’s commitment to building a leading healthcare network in high-growth markets across India and Africa.

These transactions increased Unihealth’s overall bed capacity from 200 beds at the start of FY26 to 400 beds, substantially enhancing its ability to serve growing patient demand. 

Beyond financial performance and expansion, Unihealth remains focused on advancing clinical outcomes and improving patient experiences. During FY26, the Company achieved a significant milestone with the first successful IVF twin birth at UMC Victoria Hospital in Uganda, marking an important achievement for its IVF and Fertility Department and demonstrating the growing capabilities of its specialty healthcare services.

The Company continues to invest in advanced medical technologies, specialized clinical programs, and high-quality healthcare professionals to enhance patient outcomes and strengthen its reputation for clinical excellence.

The Navi Mumbai and Nashik projects reflect Unihealth’s confidence in the long-term opportunities within India’s healthcare sector, which continues to benefit from increasing healthcare expenditure, expanding insurance coverage, demographic shifts, and growing demand for quality medical infrastructure.

Commenting on the Company’s performance, Dr. Akshay Parmar, Founder & Managing Director, Unihealth Hospitals Limited, said: “FY26 marks a defining year in Unihealth’s growth journey. We delivered strong financial performance while simultaneously executing key strategic initiatives that significantly expanded our healthcare platform. Our ability to achieve robust revenue growth, improve profitability, and nearly double our bed capacity reflects the strength of our operating model, disciplined execution, and the trust patients place in our healthcare services.

Our vision extends beyond operating hospitals. We are building a healthcare platform that combines clinical excellence, accessibility, innovation, and affordability. By leveraging our expertise across healthcare delivery, consultancy, pharmaceuticals, and medical value travel, we aim to create a sustainable ecosystem that improves healthcare outcomes while generating long-term value for all stakeholders.

As we look ahead, our priorities remain centred on integrating and scaling our expanded network, progressing the Navi Mumbai and Nashik hospital projects, strengthening our healthcare offerings, and driving sustainable growth across all our operations. With a significantly larger capacity base, a strong presence across multiple geographies, and a clear expansion roadmap, we believe Unihealth is well-positioned to capitalize on the opportunities ahead and create long-term value for patients, communities, and shareholders.”

Commenting on the outlook, Dr. Anurag Shah, Founder & Director, Unihealth Hospitals Limited, added:

“Our FY26 performance demonstrates the resilience and scalability of the foundation we have built over the years. Alongside expansion, we have remained focused on operational excellence, resulting in meaningful improvements in profitability and efficiency. Rising patient volumes, a richer service mix, and disciplined cost management have all contributed to our strong performance.

The successful acquisition of UMC Hospital, Entebbe, represents a transformational step in our evolution as a regional healthcare provider in Africa. Across East Africa, we continue to see significant unmet demand for quality healthcare infrastructure, specialized treatments, and advanced medical services. We believe these markets offer substantial long-term opportunities, and Unihealth is uniquely positioned to address them through its integrated healthcare ecosystem.

Looking ahead, our focus will remain on maximizing utilization across our expanded network, integrating recent acquisitions, strengthening specialty healthcare services and expanding referral partnerships. With a larger operational footprint, enhanced capabilities, and a clear strategic roadmap, we are confident in our ability to sustain growth momentum and continue delivering high-quality healthcare to the communities we serve.”

Growth Outlook

Unihealth enters FY27 with strong momentum supported by:

• Expanded healthcare infrastructure and increased capacity
• Growing demand for quality healthcare services across India and East Africa
• Strengthening specialty and tertiary care capabilities
• Continued development of the Navi Mumbai and Nashik hospital projects
• Increasing healthcare awareness and affordability in emerging markets
• Opportunities to enhance operational efficiencies across the expanded network
• A strong balance sheet and disciplined capital allocation strategy

The Company remains committed to its mission of “Healthcare for All” and continues to pursue sustainable growth through strategic expansion, clinical excellence, innovation, and patient-centric care.

About Unihealth Hospitals Limited

Founded in Mumbai in 2010, Unihealth Hospitals Limited is an integrated healthcare platform focused on delivering affordable, accessible, and high-quality healthcare services across India and East Africa. The Company operates across multiple healthcare verticals, including hospital operations, healthcare consultancy, pharmaceutical and consumables exports, and medical value travel.

Through the Unihealth–UMC Hospitals network, the Company combines Indian clinical expertise, global healthcare standards, and localized partnerships to create a scalable healthcare ecosystem serving diverse patient populations across emerging markets.

Driven by its mission of “Healthcare for All,” Unihealth continues to expand its healthcare footprint while creating long-term value for patients, communities, healthcare professionals, and shareholders.

The Company was listed on NSE Emerge in September 2023.

For FY26, the Company reported consolidated Total Income of ₹137.01 Cr, EBITDA of ₹25.83 Cr, and Net Profit attributable to the equity shareholders of the Company of ₹25.83 Cr.

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

Hyderabad (Telangana) [India], June 1: Magellanic Cloud Ltd (NSE: MCLOUD | BSE: 538891), a global technology company specializing in digital transformation, artificial intelligence (AI), cloud computing, and surveillance solutions, announced that its wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) from South Central Railway, Nanded Division, for an aggregate contract value of approximately ₹7.64 Crore.

The order pertains to the Provision of an IP-based video surveillance system at Stabling Lines, Washing Yards, and Pit Lines over the Nanded Division. The scope of the project includes supply, installation, testing, commissioning, and maintenance of IP-based CCTV surveillance systems along with networking infrastructure and a five-year Comprehensive Annual Maintenance Contract (CAMC).

The project is scheduled to be executed over a period of 12 months and will contribute to Magellanic Cloud’s revenue recognition over the project period, including a five-year recurring maintenance stream post-commissioning. This win also adds to Magellanic Cloud’s expanding public sector e-surveillance order book, which exceeded 200 Crore during FY26. 

The order further strengthens Magellanic Cloud’s positioning in the intelligent surveillance and public infrastructure solutions segment, supported by increasing investments in railway modernisation, digital infrastructure, and safety enhancement initiatives across India. South Central Railway spans over 6,100 route kilometres across Telangana, Andhra Pradesh, Maharashtra, and Karnataka, one of India’s busiest rail networks by freight and passenger traffic. The Nanded Division’s upgrade to IP-based surveillance directly supports the Ministry of Railways’ broader modernisation and safety enhancement agenda.

Commenting on the order win, Mr. Joseph Sudheer Reddy Thumma, Chairman & Managing Director of Magellanic Cloud Limited, said: “India’s railway modernization journey is creating significant opportunities for intelligent surveillance and infrastructure monitoring solutions. Nanded Division is strategically significant -it connects key freight and passenger corridors across Maharashtra and Telangana, and surveillance modernisation here has direct safety implications for thousands of rail operations daily. This is our 16th railway division over the last 12 months, and it reflects both the depth of trust Indian Railways has placed in Provigil and the repeatability of our deployment model. As our public sector order book crosses 200 Crore, we are focused on turning every project into a reference that wins the next ten. 

The order not only reinforces our execution capabilities in large-scale surveillance deployments but also reflects the increasing adoption of technology-led safety and monitoring systems across public infrastructure. We remain focused on delivering scalable, reliable, and future-ready surveillance solutions that contribute to operational excellence and public safety.”

About Magellanic Cloud Limited

Magellanic Cloud Limited, headquartered in Hyderabad, India, is a global technology company specialising in digital transformation, Generative artificial intelligence (Al), cloud computing, e-surveillance, and drone technologies. The company Magellanic Cloud Limited, headquartered in Hyderabad, India, is a global technology company specialising in digital transformation, Generative artificial intelligence (Al), cloud computing, e-surveillance, and drone technologies.

The company delivers advanced solutions across industries, including smart infrastructure, defence, fintech, and enterprise IT, serving over 100 clients across the USA, Europe, and Asia.

With a strong ecosystem of subsidiaries such as Motivity Labs, Provigil Surveillance Limited, IVIS International, Scandron, and JNIT Technologies, Magellanic Cloud offers integrated capabilities across IT services and AI-driven surveillance systems. Its solutions are widely deployed in critical infrastructure projects, including railways, highways, and urban security systems, enabling enhanced safety, operational efficiency, and digital innovation.

The company is backed by a team of over 1,600 professionals and emphasizes innovation-led growth through investments in AI, analytics, and cloud technologies. With a focus on process excellence, Magellanic Cloud has achieved CMMI Maturity Level 3 certification, reinforcing its ability to deliver consistent, high-quality solutions aligned with global standards.

For FY26, the company reported consolidated total income of ₹706.78 Cr, with an EBITDA of ₹224.30 Cr and a PAT of ₹114.39 Cr.

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

Noida (Uttar Pradesh) [India], June 1: Cash Ur Drive Marketing Limited (NSE: CUDML | INE0WL201014), a leading transit media and mobility solutions company, has announced the receipt of multiple business mandates across advertising and mobility-related services. The developments reflect the Company’s continued business momentum and strengthen revenue visibility through a combination of long-term and short-duration engagements.

Key Business Updates

• 10-Year EV Charging Station Mandate Awarded: Received an LoA for the establishment, operation, and maintenance of EV Charging Stations. Commissioning is scheduled within 90 days from site handover, followed by a 10-year O&M period.
• ₹3.29 Crore Outdoor Advertising Order Secured: Received a work order for the execution of outdoor advertising campaigns across multiple locations in India. The campaign is scheduled for execution within one month.
• ₹2.12 Crore OOH Advertising Order from Leading Mobility Platform: Received a purchase order for Out-of-Home (OOH) advertising services from a leading multinational mobility and technology platform company. Execution is expected to be completed within 40 days.

Together, these engagements provide a blend of long-term operational visibility and near-term execution opportunities, while further strengthening the Company’s business pipeline and client portfolio.

Commenting on order win, Mr. Raghu Khanna, Managing Director and Chairman, Cash Ur Drive Marketing Limited, said: “The diverse nature of these mandates highlights the opportunities emerging across both media and mobility-linked services. As we continue to strengthen our order pipeline, our focus remains on execution, client relationships, and building a scalable business platform that supports long-term growth.”

About CashUrDrive Marketing Limited

Founded in 2009, CashUrDrive Marketing Limited (“CUD” or “the Company”) is one of India’s fastest-growing out-of-home and transit media companies, pioneering sustainable and technology-driven advertising solutions. With a strong presence across major cities, CUD integrates transit, digital, outdoor, and green media assets to deliver impactful visibility for leading brands. The Company’s focus on innovation, exclusive media rights, and expansion into EV charging station advertising has positioned it as a new-age leader in the evolving media landscape. Guided by a vision to make advertising more effective, eco-friendly, and inclusive, CUD continues to redefine how brands connect with audiences on the move. 

For FY26, the Company reported a Total Income of ₹192.38 crore, EBITDA of ₹39.29 crore, and Net Profit of ₹29.40 crore.

The company got listed on NSE Emerge in August, 2025.

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

Ahmedabad (Gujarat) [India], June 1: Dev Information Technology Limited (DEV IT), (NSE – DEVIT, BSE – 543462 | INE060X01034), a global IT services company offering Cloud Services, Digital Transformation, Enterprise Applications, and Managed IT Services, has reported its Audited financials for Q4 FY26 & FY26.

Key Standalone Financial Highlights

Q4 FY26 Standalone Key Financial Highlights

• Total Income of ₹48.16 Cr, YoY growth of 4.28%
• EBITDA of ₹4.07 Cr, YoY growth of 93.38%
• EBITDA Margin of 8.45%, YoY growth of 389 Bps
• Net Profit of ₹8.27 Cr, YoY growth of 848.70%
• Net Profit Margin of 17.16%, YoY growth of 1,528 Bps
• Diluted EPS of ₹1.44, YoY growth of 860.00%

FY26 Standalone Key Financial Highlights

• Total Income of ₹165.42 Cr, YoY growth of 1.29%
• EBITDA of ₹5.39 Cr
• EBITDA Margin of 3.26%
• Net Profit of ₹74.24 Cr, YoY growth of 381.44%
• Net Profit Margin of 44.88%, YoY growth of 3,544 Bps
• Diluted EPS of ₹13.02, YoY growth of 375.18%

*Includes Exceptional Unrealised gain of ~₹92.36 crore on reclassification of EV Accelerator stake post IPO

Key Consolidated Financial Highlights

Q4 FY26 Consolidated Key Financial Highlights

• Total Income of ₹56.00 Cr, YoY growth of 8.14%
• EBITDA of ₹5.04 Cr, YoY growth of 68.53%
• EBITDA Margin of 8.99%, YoY growth of 322 Bps
• Net Profit of ₹8.96 Cr, YoY growth of 689.42%
• Net Profit Margin of 15.99%, YoY growth of 1,380 Bps
• Diluted EPS of ₹1.56, YoY growth of 642.86%

FY26 Consolidated Key Financial Highlights

• Total Income of ₹193.50 Cr, YoY growth of 5.21%
• EBITDA of ₹7.23 Cr
• EBITDA Margin of 3.74%
• Net Profit of ₹75.60 Cr, YoY growth of 411.48%
• Net Profit Margin of 39.07%, YoY growth of 3,103 Bps
• Diluted EPS of ₹13.25, YoY growth of 401.89%

*Includes Exceptional Unrealised gain of ~₹93.55 crore on reclassification of EV Accelerator stake post IPO

Recent Key Business Highlights

Commenting on the Financial Performance, Mr. Pranav Pandya, Chairman, Dev Information Technology Limited, said: “FY26 was a strategically significant year for Dev Information Technology as we strengthened our position across cloud services, digital transformation, enterprise applications, and managed IT services while simultaneously enhancing operational efficiency and profitability. Our growth was supported by strong execution, higher value service engagements, and continued focus on delivering integrated technology solutions to enterprise customers.

During the year, we completed several key strategic initiatives that will strengthen our long-term growth prospects. The acquisition of a strategic stake by XDUce has created opportunities to enhance our AI, cybersecurity, and global delivery capabilities, while our collaboration with A2I Technologies expands our presence in AI-powered product offerings. In addition, our achievements across Microsoft solution partner designations reinforce our technical capabilities and deepen our ability to address evolving customer requirements.

We also took decisive steps to sharpen our business focus through the transfer of certain product businesses and portfolio optimization initiatives, enabling greater resource allocation toward scalable and higher-growth opportunities. These actions, combined with our strong customer relationships and expanding service capabilities, have improved our operating leverage and strengthened the foundation for future growth.

About Dev Information Technology Limited

Dev Information Technology Limited (DEV IT), founded in 1997, listed on NSE & BSE, and certified to ISO 20000, ISO 27001, ISO 9001 & CMMI Level 5, has evolved from a small-scale business automation software solutions provider into a global IT services powerhouse. Over the years, the company has empowered businesses worldwide with a blend of information technology, innovation, and digital transformation. Headquartered in Ahmedabad, with offices across India and Canada, the company emphasises continuous innovation, quality, streamlined processes, and technological prowess. The company’s people- and client-centric approach involves collaborating with clients globally to understand their specific goals and to empower them to achieve their business objectives. 

The company offers a comprehensive end-to-end range of services, including Cloud Services, Digital Transformation, Enterprise Applications, Managed IT Services, and Application Development. The company’s products comprise Talligence, an accounting data analytics platform, and ByteSigner, a digital signing solution.

With its foundation in one of India’s fastest-growing metros, the company has continuously evolved to meet the dynamic demands of the IT industry. The leadership, comprising experienced professionals, drives the company towards achieving its vision of empowering businesses worldwide through cutting-edge technology solutions. The company’s steadfast commitment to innovation, quality, and client satisfaction underpins its growth and success in the IT services sector. 

In conclusion, the company remains dedicated to driving digital transformation and delivering unparalleled value to its clients. As the company moves forward, it continues to embrace new challenges and opportunities, solidifying its position as a leader in the IT services sector. Visit www.devitpl.com for more information.

In Consolidated FY26, the company reported Total Income of ₹193.50, EBITDA of ₹7.23, and Net Profit of ₹75.60. Looking ahead, demand for cloud adoption, AI-led transformation, cybersecurity, and managed services continues to remain strong across industries. With an expanded solutions portfolio, stronger strategic partnerships, improved operational efficiencies, and a growing pipeline of opportunities, we are entering FY27 with confidence and remain focused on delivering sustainable growth, margin enhancement, and long-term value creation for all stakeholders.”

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

Hyderabad (Telangana) [India], June 1: Merritronix Ltd. is a 36-year-old electronics manufacturing company specialising in defence and aerospace applications. The company is hitting the capital markets with a 100% fresh issue IPO of up to 47 lakh equity shares on BSE SME, aiming to raise ₹70.03 Cr at a price band of ₹141–₹149 per share (lot size: minimum 2,000 shares and in multiples of 1,000 equity shares thereafter).

The IPO proceeds are proposed to be utilised primarily towards machinery capex, working capital requirements, and repayment of debt. The anchor investor date is May 29, 2026, and the issue will be open for public subscription from June 01 to June 03, 2026.

The company is backed by Madhu Kela through Founders Collective Fund, which holds a 3.61% stake in Merritronix Ltd.

Book Running Lead Manager: GYR Capital Advisors Private Limited

Issue Structure

• Total Issue Size: Up to 47.00 lakh equity shares (100% fresh issue) 
• Market Maker Portion: Up to 2.36 lakh equity shares 
• Anchor Investor Portion: Up to 13.36 lakh equity shares 
• Net QIB Portion: Up to 8.92 lakh equity shares 
• Non-Institutional Investors: Not less than 6.72 lakh equity shares 
• Retail Individual Investors: Not less than 15.64 lakh equity shares

Utilisation of Net Proceeds

Financial Highlights

About Merritronix

Merritronix is led by Managing Director Mr. Dovari Amarnath, a Computer Science Engineering graduate from IIT Madras with over three decades of experience in the electronics manufacturing industry. 

Incorporated in 1988 and headquartered in Hyderabad, Telangana, Merritronix operates from the Electronic Complex, Kushaiguda, offering end-to-end ESDM services – PCB design, SMT/THT assembly, component sourcing, testing, and logistics – with a sharp focus on mission-critical defence and aerospace applications. The company holds long-standing approvals with BEL (since 2009) and HAL (since 2012), exports to Europe via Honeywell Aerospace since 2008, and has executed programmes spanning missile seeker assemblies, airborne radar systems, and defence aircraft DVRS. 

• Obsolescence management & reverse engineering – Specialises in keeping legacy defence systems operational through FFF replacements and system redesign
• CERN vendor via TIFR – Selected as a vendor for CERN projects routed through TIFR
• EN 9100:2018 certified – The globally recognised quality standard for aerospace and defence manufacturing, equivalent to AS9100D and JISQ 9100:2016. A mandatory prerequisite for most aerospace supply chains globally

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

Chennai (Tamil Nadu) [India], June 01: Sathlokhar Synergys E&C Global Limited (NSE: SSEGL), One of the leading EPC players, providing end to end turnkey execution across statutory approvals, design, civil works, PEB structures, MEP systems, solar installations, and interior fit outs, has announced the receipt of additional confirmed orders aggregating to approximately ₹125 Cr (Excluding GST), further strengthening its business momentum for the FY27. With these new wins, the Company’s total confirmed order book has increased to ₹840.22 Cr (Excluding GST), providing strong revenue visibility for the upcoming period. 

The newly secured projects span across industrial and infrastructure segments and reflect the Company’s continued execution capabilities and client trust.

A significant portion of the new orders has been received from Grand Atlantia Panapakkam SEZ Developers Private Limited, part of a leading global footwear manufacturing group. The Company has been awarded a major civil and PEB construction project at SIPCOT Park in Ranipet, Chennai, with an estimated value of ₹105.37 Cr (including GST). The scope includes development of multiple workshop buildings, ancillary structures and parking facilities, with execution scheduled for completion by March 2027.

Further strengthening its association, Sathlokhar Synergys E&C Global Limited has also secured an additional civil and PEB work order worth ₹22.53 Cr ((including GST) for Phase 1B development at the same industrial project site in Ranipet, with completion expected by February 2027.

In addition, Sathlokhar Synergys E&C Global Limited has secured further orders from Ceylon Beverage Can Private Limited for execution of civil, PEB, MEP, pipeline and plant coordination works at its manufacturing facility in Maharashtra. This order is valued at approximately ₹15.36 Cr (including GST) and is expected to be completed by September 2026.

The Company has also received an international order from Ceylon Beverage Can Private Limited, Sri Lanka, for execution of MEP works at its factory facility, valued at approximately ₹3.68 Cr, with completion targeted by June 2026.

These project wins are expected to be executed within a period ranging from four to ten months for certain contracts, while larger projects extend into 2027, ensuring a steady flow of execution and revenue recognition over the coming quarters.

The expanded order book reinforces the Company’s position in industrial construction and turnkey EPC solutions, while also strengthening its presence across domestic and international markets. The strong pipeline of secured projects is expected to support sustained business growth and operational momentum in the near to medium term.

Commenting on the development, Mr. G. Thiyagu, Managing Director of Sathlokhar Synergys E&C Global Limited said, “These orders addition continued strength of our industrial EPC platform and our ability to secure opportunities across both domestic and international markets. As its our second international order is a meaningful step in our growth journey, supporting our strategy of building a diversified project portfolio

Our confirmed order book strengthens our business visibility, which stand at 840.22 Cr. Going forward, our focus remains on disciplined project execution, operational efficiency and timely delivery as we work towards converting this strong order pipeline into sustainable growth.

As we execute both new and ongoing assignments, our emphasis will remain on efficient project management, execution precision and sustaining strong client relationships across key markets. We will continue leveraging our integrated EPC expertise to strengthen market positioning and capitalize on emerging opportunities across domestic and international markets.”

About Sathlokhar Synergys E&C Global Limited

Sathlokhar Synergys E&C Global Limited, founded in 2013 by Mr. G. Thiyagu (MD) and Mrs. Sangeethaa Thiyagu (COO), is a Chennai based EPC company delivering integrated, turnkey infrastructure solutions across industrial, warehousing, institutional, commercial, and healthcare sectors in India. Its in house capabilities span civil construction, PEB structures, MEP systems, solar EPC, surveillance, and statutory approvals offering clients a complete “one stop solution.”

The company’s strength lies in its integrated design ecosystem, which streamlines architectural, structural, PEB, and MEP services to optimize cost and timelines. Sathlokhar Synergys is trusted by over 24 international clients from regions including the USA, Japan, EU, Sri Lanka, Vietnam, and Taiwan, along with Indian corporates such as the Reliance Group and Muthiah Beverages.

With over 82 projects completed, the company has earned a reputation for delivering technically demanding assignments swiftly and efficiently highlighted by the delivery of a 47 acre facility for Muthiah Beverages in just eight months. It is ISO certified, a government approved “A Grade” HT & LT electrical and MEP contractor, and an authorized Tata Power Solar channel partner.

Following its IPO, the company has expanded to 678 employees and over 5,550+ labourers, enabling nationwide scalability. Backed by a robust project pipeline and strong client relationships, Sathlokhar Synergys is well positioned to capitalize on India’s infrastructure growth, combining innovation, operational excellence, and sustainability to deliver long term value.

In FY26, Sathlokhar Synergys E&C Global Limited reported a Total Income of ₹823.56 Cr, an EBITDA of ₹ 117.88 Cr, and a PAT of ₹ 82.32 Cr.

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

New Delhi [India], June 01: Rathi Steel and Power Limited (BSE – 504903), one of the leading players in stainless steel long products and TMT bars, has announced its Audited Financial Results for Q4 & FY26.

A. Q4 FY26 vs Q4 FY25 – Year-on-Year Comparison

B. Q4 FY26 vs Q4 FY25 – Year-on-Year Comparison (₹ Cr)

• Total Income ₹ 244.57 Cr, YoY growth of 63.34%
• EBITDA ₹ 9.89 Cr, YoY growth of 22.72%
• PAT ₹ 7.45 Cr, YoY growth of 95.84%
• PAT Margin 3.04%, YoY growth of 51 Bps
• EPS ₹ 0.86, YoY growth of 95.45%

C. FY26 vs FY25 – Full Year Annual Comparison (₹ Cr)

• Total Income ₹ 716.49 Cr, YoY growth of 41.76%
• EBITDA ₹ 28.90 Cr, YoY growth of 18.87%
• PAT ₹ 12.87 Cr, YoY growth of 39.24%

D. Q4 FY26 vs Q3 FY26 – Sequential Quarter Comparison (₹ Cr)

• Total Income ₹ 244.57 Cr, QoQ growth of 52.77%
• EBITDA ₹ 9.89 Cr, QoQ growth of 54.25%
• EBITDA Margin 4.04%, QoQ growth of 3 Bps
• PAT ₹ 7.45 Cr, QoQ growth of 290.53%
• PAT Margin 3.04%, QoQ growth of 185 Bps
• EPS ₹ 0.86, QoQ growth of 290.91%

* EBIDTA includes other income, excludes extraordinary and exceptional items 

* PAT includes other income, excludes extraordinary and exceptional items 

• Operational Excellence & Capacity Utilization
  • Recommencement of TMT Bar Mill: The Company restarted operations at its TMT Bar Mill during the fiscal year. This strategic move enabled sweating out of existing idle assets, re-energized the brand equity, and revitalized the dealer and distribution network.
  • Surge in Rolling Mill Capacity: Driven by the commencement of the TMT Mill, the production levels of the Rolling Mill achieved a growth of 117% on a Year-over-Year basis.
  • Maintained strong operational resilience despite rising fuel costs and geopolitical disruptions
  • Direct charging capabilities in stainless steel wire rods continue to support fuel efficiency and operational competitiveness

• Technology Modernization & Cost Optimization
  • Direct Charging Project: Encouraged by the results of similarly running operations for the stainless steel division, the company commenced Implementation of the same for the TMT Mill. Slated for completion in the first half of current fiscal, this project is engineered to further reduce specific fuel consumption, drive down manufacturing cost and cut down on carbon foot print.   

• Sustainability & Environmental Stewardship
  • Prestigious GreenPro Certification: Confederation of Indian Industry (CII) granted GreenPro Certification to the Company’s TMT Bars, validating company’s alignment with top-tier environmental standards and green building requirements.
  • Certified products contribute towards LEED (Leadership in Energy and Environmental Design) and IGBC (Indian Green Building Council) green building certification credits
  • Reinforces the Company’s focus on sustainable and environmentally responsible steel manufacturing
  • Certified rebars offer durable, high-quality, and toxic-free steel solutions.

 Green Steel Commitment

RSPL is India’s only stainless-steel wire rod manufacturer using direct billet charging technology, ensuring superior energy efficiency and lower carbon emissions. The company manufactures steel via the Recycling Route, ensuring minimal carbon footprint. CII GreenPro Type-1 Ecolabel Certified Fe 550 Grade TMT Rebars support LEED and IGBC green building certification credits.

MANAGEMENT COMMENT

Mr. Udit Rathi, Promoter, Rathi Steel And Power Limited:

“We have closed the fiscal year on a strong note, with robust performance in the last quarter. Despite market headwinds from macro-economic uncertainties and steel price volatility, we have demonstrated resilience and continued on our growth trajectory.

Our focus on strategic initiatives to improve product mix and efficiencies have reflected in our performance. Top line for the quarter grew over 63% YoY to Rs. 244.57 crores. EBITDA for the quarter grew about 23% YOY to Rs. 9.93 crores while PAT for the quarter nearly doubled YOY to Rs. 7.49 crores. Growth was driven by healthy demand for our products coupled with ramp up of operations of the TMT bar mill. Energy and other efficiency measures undertaken during the year helped offset pricing pressures, leading to better margins. During the year, green power purchased through open access contributed to more than a quarter of the overall power consumption. Company is committed to increase the share of green power in future.

The year marks a new phase in our journey as Rathi 2.0, with several key milestones. We continued to invest to upgrade our plant. Post gradual ramp of our TMT bar mill, we have initiated process of implementing Direct Charging Technology for the same, replicating what we did for stainless steel operations. Once implemented, this initiative is expected to further reduce specific fuel consumption and carbon foot print.

The GreenPro certification granted by CII for the TMT Rebars will help in marketing our TMT bars for the Green Projects of developers and to Government Supplies, where the Green Steel / Greenpro Certified steel are used. We aim to better utilize our existing capacities, leverage our sales network, and expand our brand visibility.

Our present Average Capacity utilisation levels provide us with significant headroom a to ramp up operations. We are taking proactive steps for the same. Alongside, we are also looking at organic and in-organic growth opportunities.

We have entered the new financial year on strong footing and are well positioned to capture the opportunities in the growing infrastructure, engineering and construction industry. Our focus remains on delivering sustainable value to all stakeholders. The present geopolitical situation does pose challenges and uncertainties, but we remain optimistic about the resilience of the Indian economy.

We would like to thank all our stakeholders and employees, for their continued support”

Rathi Steel and Power Limited (RSPL), headquartered in Ghaziabad, Uttar Pradesh, is a leading manufacturer of stainless steel and mild steel long products. Established in 1971, the company carries forward the renowned Rathi legacy built over five decades of innovation, trust, and quality in steel manufacturing.

Operating a modern integrated facility spread across about 12.5 acres in the NCR region, RSPL has a steel melting capacity of about 85,000 tonnes per annum and a rolling capacity of 2,00,000 tonnes per annum. Its diverse product portfolio includes stainless steel billets, wire rods, and TMT bars. It is India’s only stainless-steel wire rod manufacturer using direct billet charging technology, ensuring superior energy efficiency and lower carbon emissions.

In FY26, RSPL reported Total Income of ₹716.49 Cr, EBITDA of ₹28.90 Cr, and PAT of ₹12.87 Cr.

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

The Cube Club

Ahmedabad (Gujarat) [India], June 01: The Cube Club, in collaboration with Zee Studios, has achieved a remarkable milestone by securing recognition from the Golden Book of World Records for creating the “Largest Planted Letter Formation on Ground” alongside the iconic Jackie Shroff. Crafted using over 10,000 live ornamental plants, the installation was unveiled as a tribute to The Great Grand Super Hero while symbolising a much larger environmental commitment and the successful plantation of 1 lakh trees. The record-setting green masterpiece transformed the landscape of The Cube Club in Ahmedabad into a living celebration of sustainability, creativity, and collective action.

Driven by the visionary leadership of Tejas Dadia, Khushali Vyas, and Hitansh Dadia, The Cube Club continues to redefine experiential luxury by seamlessly blending entertainment, nature, and purpose. More than just a world record, the initiative reflects the brand’s commitment to creating meaningful experiences that leave a lasting impact on both people and the planet. By bringing together cinema, sustainability, and community participation, The Cube Club has once again positioned itself at the forefront of innovative and environmentally conscious initiatives in India.

Speaking on the achievement, Tejas Dadia said, “This recognition is not just about creating a world record, it’s about creating awareness and inspiring action. At The Cube Club, we believe luxury experiences can also drive meaningful environmental impact. Seeing 10,000 live plants come together to celebrate both cinema and sustainability was incredibly special, and this milestone motivates us to continue building experiences that contribute positively to the planet.”

Khushali Vyas added, “For us, this initiative was deeply emotional because it brought together creativity, purpose, and community in the most beautiful way. The 1 lakh tree plantation milestone represents a long-term commitment towards a greener future, and achieving this recognition alongside Jackie Shroff and Zee Studios made the journey even more memorable. We hope this inspires more people and brands to embrace sustainability in impactful and innovative ways.”

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.